Fair Value Measurements (Tables)

9 Months Ended

Nov. 02, 2013

Fair Value Disclosures [Abstract]

Summary of Fair Value Assumptions for Derivative Liabilities

The fair value of the Series B Preferred shares was estimated using an option-pricing model that requires Level 3 inputs, which are highly subjective and determined using the following significant assumptions:

	November 2, 2013	February 2, 2013
Stock price	$2.59	$2.02
Conversion price	$1.75	$1.75
Expected volatility	72%	68%
Expected term (in years)	8.1	8.9
Risk free interest rate	2.34%	2.04%
Expected dividends	$—	$—

Summary of Activity Recorded for Derivatives Using Level 3 Inputs

The following table presents the activity recorded for the derivative liability during the first three quarters ended:

	November 2, 2013
	(In thousands)
Beginning balance as of February 2, 2013	$	20,082
Loss on change in fair value	9,290
Balance as of May 4, 2013	29,372
Loss on change in fair value	21,154
Balance as of August 3, 2013	50,526
Gain on change in fair value	(23,444		)
Ending balance as of November 2, 2013	$	27,082