XML 64 R23.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock-Based Compensation (Tables)
12 Months Ended
Feb. 02, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Weighted-average assumptions used to estimate the fair value of options granted
The following weighted-average assumptions were used to estimate the fair value of options granted during the periods indicated using the Black-Scholes option-pricing model:
 
 
Fiscal
2012
 
Fiscal
2011
 
Fiscal
2010
Dividend Yield
%
 
%
 
%
Expected Volatility
48.58
%
 
54.00
%
 
59.00
%
Risk-Free Interest Rate
0.48
%
 
0.88
%
 
1.12
%
Expected Life of Options (in Years)
3.3

 
3.3

 
3.3

Company's stock option activities
The following table summarizes the Company’s stock option activities with respect to its Plans for fiscal 2012, as follows (aggregate intrinsic value in thousands):
 
Options
Number of
Shares
 
Weighted-
Average
Exercise
Price Per
Share
 
Weighted-
Average
Remaining
Contractual Life
(in years)
 
Aggregate
Intrinsic
Value
Outstanding at January 28, 2012
3,474,204

 
$
4.64

 
 
 
 
Granted
125,000

 
$
3.10

 
 
 
 
Exercised
(6,001
)
 
$
3.15

 
 
 
 
Canceled
(2,029,036
)
 
$
4.81

 
 
 
 
Outstanding at February 2, 2013
1,564,167

 
$
4.29

 
2.43
 
$

Vested and expected to vest in the future at February 2, 2013
1,487,831

 
$
4.32

 
2.35
 
$

Exercisable at February 2, 2013
1,066,815

 
$
4.59

 
1.74
 
$

Stock options outstanding
Additional information regarding stock options outstanding as of February 2, 2013, is as follows:
 
Options Outstanding
 
Options Exercisable
Range of Exercise Prices
Number
Outstanding
as of
February 2,
2013
 
Weighted-
Average
Remaining
Contractual Life
(in years)
 
Weighted-
Average
Exercise
Price Per
Share
 
Number
Exercisable
as of
February 2,
2013
 
Weighted-
Average
Exercise
Price Per
Share
$  1.81 - $  2.74
22,500

 
4.15
 
$
2.58

 
2,500

 
$
1.81

2.77 -     4.19
1,159,667

 
2.60
 
3.63

 
738,985

 
3.65

4.26 -     6.82
202,500

 
3.21
 
4.91

 
145,830

 
5.08

8.00 -   10.95
179,500

 
0.19
 
8.09

 
179,500

 
8.09

$  1.81 - $10.95
1,564,167

 
2.43
 
$
4.29

 
1,066,815

 
$
4.59

Company's nonvested restricted common stock and performance shares
The following table summarizes activity with respect to the Company’s nonvested restricted common stock and performance shares for fiscal 2012:
 
Nonvested Restricted Common Stock and Performance Shares
Number of
Shares
 
Weighted-
Average Grant-
Date Fair Value
Nonvested at January 28, 2012
2,105,112

 
$
3.16

Granted
1,120,476

 
$
3.04

Vested
(1,020,974
)
 
$
3.63

Forfeited
(1,560,122
)
 
$
2.87

Nonvested at February 2, 2013
644,492

 
$
2.89

Summary of stock-based compensation
The following table summarizes stock-based compensation recorded in the consolidated statements of operations:
 
Fiscal Year Ended
 
February 2,
2013
 
January 28,
2012
 
January 29,
2011
 
(in thousands)
Cost of sales
$
300

 
$
271

 
$
2

Selling, general, and administrative expenses
2,649

 
4,376

 
1,785

Stock-based compensation
$
2,949

 
$
4,647

 
$
1,787