Equity and Incentive Compensation Plans (Tables)

12 Months Ended

Feb. 01, 2014

The Company has two active stock incentive plans (the “Plans”), which are summarized below:

Shares Reserved

for Issuance at

February 1, 2014

Available

for Future

Grant

Defined

Name

Plan Name

Restricted

Stock/Units (1)

Total

Authorized

2002 Plan

2002 Stock Option and Restricted Stock and Unit Award Plan

787,500

4,500,000

228,102

—

2003 Plan

2003 Equity Incentive Plan

7,434,432

13,424,432

5,044,119

3,072,502


(1)	Included in the number of total authorized shares. The Company may issue restricted stock or restricted unit grants up to the levels provided under each plan, however shares not used for this purpose are available for issuance as stock option grants.

Summary of stock option activity

The following table summarizes stock option activity for the fiscal year ended February 1, 2014:



	Shares		Weighted Average Exercise Price
Options outstanding at February 2, 2013	2,785,102		$	25.61
Granted (1)	118,600		31.50
Exercised	(572,072	)	22.10
Forfeited or expired	(131,911	)	29.64
Options outstanding at February 1, 2014	2,199,719		$	26.60
Vested and exercisable at February 1, 2014	1,702,088		$	25.94
Options expected to vest in the future as of February 1, 2014	425,933		$	28.97


(1)	Options granted during Fiscal 2013 vest annually over a three-year period, and expire ten years after the grant date.

Fair Value of Options Granted Assumptions



	Fiscal Year Ended
	February 1, 2014		February 2, 2013		January 28, 2012
Expected volatility	50.9	%	54.6	%	57.2	%
Risk-free interest rate	0.9	%	0.9	%	1.7	%
Expected life (years)	4.9		4.4		4.5
Dividend yield	—		—		—

Restricted Stock

Summary of Restricted Stock Activity

The following table summarizes restricted stock activity for the fiscal year ended February 1, 2014:



	Time - Based					Performance - Based
	Number of Shares			Weighted Average Grant Date Fair Value		Number of Shares			Weighted Average Grant Date Fair Value
Restricted stock awards at February 2, 2013	461,396			$	27.96	203,671			$	27.81
Granted	405,528		(1)	30.87		184,699		(2)	30.86
Vested	(190,108	)		27.49		(82,633	)		27.92
Forfeited	(74,611	)		28.92		(15,802	)		30.75
Restricted stock awards at February 1, 2014	602,205			29.95		289,935			29.56


(1)	Of this amount, 181,500 shares vest in equal installments in each of March 2014, 2015 and 2016; 179,100 shares vest in March 2016; 27,628 shares vest in May 2014; 13,000 shares vest in equal installments in each of June 2014, 2015 and 2016; and 4,300 shares vest in equal installments in each of November 2014, 2015 and 2016.

(2)

Of this amount, 175,500 of these shares vest over a three-year period based on achievement of performance targets set bi-annually for each tranche of the grant. Based on Company performance, grantees may earn 50% to 150% of the shares granted with respect to each tranche. If the Company does not achieve the minimum threshold goal associated with such shares, grantees will not earn any shares with respect to that tranche. In addition, 3,138 of these shares relate to over achievement of the Spring 2012 tranche and vested in March 2013 and 6,061 of these shares relate to the over achievement of the Spring 2013 tranche and will vest in March 2014.

Restricted Stock Units

Summary of Restricted Stock Activity

The following table summarizes restricted unit activity for the fiscal year ended February 1, 2014:



	Time - Based				Performance - Based
	Number of Shares		Weighted Average Grant Date Fair Value		Number of Shares		Weighted Average Grant Date Fair Value
Restricted unit awards at February 2, 2013	75,016		$	19.58	46,003		$	19.58
Vested	(75,016	)	19.58		(46,003	)	19.58
Restricted unit awards at February 1, 2014	—		—		—		—