Fair Value Measurements (Tables)

3 Months Ended

May 02, 2015

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 as of:

	May 2, 2015	May 3, 2014
Stock price	$2.02	$2.79
Conversion price	$1.75	$1.75
Expected volatility	76%	75%
Expected term (in years)	6.6	7.6
Risk free interest rate	1.87%	2.20%
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 quarter ended:

	May 2, 2015			May 3, 2014
	(In thousands)
Beginning balance	$	28,448		$	30,720
Gain on change in fair value	(9,081		)	(1,225		)
Balance at end of first quarter	$	19,367		$	29,495