15. SHARE-BASED COMPENSATION

The Company's Amended and Restated 2009 Omnibus Incentive Plan (the "2009 Omnibus Plan"), as approved by shareholders on June 12, 2012, provides for the granting of common stock options, restricted shares, restricted stock units, performance shares, stock appreciation rights, phantom stock and dividend equivalent rights to certain employees, executive officers, directors, consultants and advisors. A maximum of 4,500,000 shares may be granted under the 2009 Omnibus Plan, in addition to 209,812 available shares transferred from the Company's Amended and Restated 2000 Stock Incentive and Performance-Based Award Plan (the "2000 Stock Plan"). At January 30, 2016, 1,015,074 shares were available within the 2009 Omnibus Plan. Vesting periods for the awards are at the discretion of the Company's Board of Directors.

The 2000 Stock Plan, as amended through June 17, 2008, provided for the granting of common stock options, restricted shares, restricted stock units and performance-based awards to certain employees, officers, directors, consultants and advisors. A maximum of 3,600,000 shares were available under the 2000 Stock Plan; no shares remain available as of January 30, 2016.

Stock options are granted with an exercise price equal to the market value of the underlying stock on the grant date, and vest over one to four years with a contractual term of seven years. No stock options were granted during 2015, 2014 or 2013.

Restricted shares granted during 2015, 2014 and 2013 vest over one to three years. Employees who are granted restricted shares are not required to pay for the shares; however, the shares will be forfeited if the employee does not remain employed with the Company until the restrictions on the shares lapse. In addition, vesting of certain restricted shares awarded during 2015, 2014 and 2013 was subject to the achievement of specified criteria based on Company performance.

Restricted stock units granted during 2015, 2014 and 2013 vest over one year. Employees and directors who are granted restricted stock units are not required to pay for the shares; however, the shares will be forfeited if the employee or director does not remain employed with the Company, or continue to serve as a member of its Board of Directors, until the restricted stock units vest.

The Company recognizes share-based compensation pursuant to ASC 718. The Company measures the cost of grantee services received in exchange for an award of equity instruments based on the grant date fair value of the award, and recognizes that cost over the period that the grantee is required to provide service in exchange for the award. For stock option awards, the Company estimates grant date fair value using the Black-Scholes option valuation model. For restricted share and restricted stock unit grants, grant date fair value is determined based upon the closing trading value of the Company's stock on the day of the grant. Certain restricted share grants for which vesting is based on service and performance requirements are additionally contingent on achievement of a positive total shareholder return measure; for these grants, the grant date fair value is determined using the Monte Carlo simulation model. The Company generally issues new stock to satisfy share-based awards.

The compensation cost that has been recorded within SG&A expense for the Company's share-based award plans was $3,021, $2,502 and $3,586 for 2015, 2014 and 2013, respectively. There was no income tax benefit or expense recognized in the 2015, 2014 and 2013 consolidated statements of operations for share-based award compensation due to continuation of a full valuation allowance on all net deferred tax assets related to share-based award compensation.

Cash received from exercised stock options was $454, $22 and $595 for 2015, 2014 and 2013, respectively. Actual tax deduction benefits from exercised stock options and vested restricted shares totaled $474, $1,965 and $2,456 for 2015, 2014 and 2013, respectively.

Awards with graded vesting are recognized using graded amortization.

Based upon an examination of forfeiture rates for the various classes of stock options, restricted stock units and restricted shares, Company management does not believe the total number of options or shares that are vested and expected to vest as of January 30, 2016 are materially different from the respective number of options or shares outstanding as of January 30, 2016.

Stock Options

The Company's stock options include stock options granted from the 2000 Stock Plan.

A summary of the stock options as of January 30, 2016 and changes during 2015 is presented below:

	Shares Under Option			Weighted Average Per-Share Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding as of January 31, 2015		196,450		$	5.17
Exercised		(91,600	)		4.96
Expired		(104,850	)		5.35

Outstanding as of January 30, 2016		—		$	—		—	$	—


Exercisable as of January 30, 2016		—		$	—		—	$	—

The total intrinsic value of options exercised during 2015, 2014 and 2013 was $91, $26 and $1,095, respectively. As of January 30, 2016, there was no unrecognized compensation cost related to unvested stock options.

Restricted Stock Units

Restricted stock units consist of units granted from the 2009 Omnibus Plan. The fair value of each restricted stock unit award is determined based upon the closing trading value of the Company's stock on the day of the grant. A summary of the restricted stock units as of January 30, 2016 and changes during 2015 is presented below:

	Restricted Stock Units					Weighted-Average Grant Date Fair Value
	Performance and Service Required		Service Required			Performance and Service Required		Service Required
Outstanding as of January 31, 2015		—		345,444		$	—	$	8.64
Granted		—		107,821			—		4.73
Settled		—		(3,428	)		—		8.69
Forfeited		—		(2,571	)		—		8.69

Outstanding as of January 30, 2016		—		447,266		$	—	$	7.70

As of January 30, 2016, there was $191 of total unrecognized compensation cost related to restricted stock units that is expected to be recognized over a weighted average period of 0.38 years. Vested awards will be settled in shares after certain events and time periods occur, as defined within the terms of the restricted stock unit grant agreements.

The total fair value of restricted stock units vested during 2015, 2014 and 2013 was $233, $242 and $1,980, respectively.

The weighted-average grant date fair value of service restricted stock units granted during 2015, 2014 and 2013 was $4.73 per unit, $10.01 per unit and $18.89 per unit, respectively. There were no performance and service restricted stock units granted during 2015, 2014 or 2013.

Outstanding restricted stock units totaling 107,821 and 55,199 were unvested as of January 30, 2016 and January 31, 2015, respectively, with a weighted-average grant date fair value of $4.73 per unit and $10.01 per unit, respectively. All restricted stock units granted during 2015 were unvested as of January 30, 2016. During 2015, 2,571 unvested restricted stock units were forfeited.

The Company pays cash dividend equivalents on all outstanding restricted stock units.

Restricted Shares

The Company's restricted shares consist of shares granted from the 2009 Omnibus Plan. The fair value of each restricted share award is determined based upon the closing trading value of the Company's stock on the day of the grant, except for performance and service grants with vesting additionally contingent on achievement of a positive total shareholder return measure for which the grant date fair value is determined using the Monte Carlo simulation model. A summary of the restricted share awards as of January 30, 2016 and changes during 2015 is presented below:

	Restricted Shares						Weighted-Average Grant Date Fair Value
	Performance and Service Required(1)			Service Required			Performance and Service Required(1)		Service Required
Nonvested as of January 31, 2015		202,500			623,250		$	10.51	$	9.61
Granted		488,750			674,500			6.22		5.47
Vested		—			(160,750	)		—		7.01
Forfeited		(192,500	)		(37,250	)		9.69		9.20

Nonvested as of January 30, 2016		498,750			1,099,750		$	6.63	$	7.46


(1)	Includes shares for which vesting was contingent on achievement of a positive total shareholder return measure.

As of January 30, 2016, there was $3,356 of total unrecognized compensation cost related to restricted shares that is expected to be recognized over a weighted average period of 1.88 years.

The total fair value of shares vested during 2015, 2014 and 2013 was $1,183, $4,627 and $6,211, respectively.

The weighted-average grant date fair value of service restricted shares granted during 2015, 2014 and 2013 was $5.47 per share, $10.06 per share and $12.93 per share, respectively. The weighted-average grant date fair value of service and performance restricted shares granted during 2015, 2014 and 2013 was $6.22 per share, $10.02 per share and $12.33 per share, respectively.

The Company pays cash dividends on all outstanding restricted shares, other than those that are performance-based.