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Equity Award Plans (Tables)
12 Months Ended
Jan. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock Option Activity for All Plans

Stock option activity for all plans was as follows:

 

 

Outstanding
Stock Options

 

Weighted
Average
Exercise Price

  

Weighted
Average
Remaining Life

 

Aggregate
Intrinsic Value

 

(in thousands)

 

 

 

  

(years)

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance—September 30, 2014

 

454

  

 

$

19.87

  

  

 

 

 

 

 

 

 

Granted

 

544

  

 

 

14.32

  

  

 

 

 

 

 

 

 

Exercised

 

(12

 

 

7.91

 

 

 

 

 

 

 

 

 

Forfeited

 

(43

 

 

23.27

 

 

 

 

 

 

 

 

 

Expired

 

(111

 

 

21.94

 

 

 

 

 

 

 

 

 

Balance—January 31, 2015

 

832

  

 

 

15.97

 

 

 

 

 

 

 

 

 

Granted

 

49

  

 

 

14.11

 

 

 

 

 

 

 

 

 

Exercised

 

(11

 

 

6.45

  

  

 

 

 

 

 

 

 

Forfeited

 

(125

 

 

16.12

  

  

 

 

 

 

 

 

 

Expired

 

(25

 

 

14.70

 

 

 

 

 

 

 

 

 

Balance—January 30, 2016

 

720

  

 

$

16.00

  

  

 

8.1

  

 

 

$ 6

  

Exercisable—January 30, 2016

 

300

  

 

$

16.68

  

  

 

7.1

  

 

 

$ 6

  

 

Weighted-Average Assumptions for Option Grants

Weighted-average assumptions for option grants were as follows:

 

 

Year Ended

January 30, 2016

 

 

Four Months
Ended

January 31, 2015

 

 

Year Ended

 

 

 

 

 

 

September 30, 2014

 

 

September 30, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expected dividend yield

 

 

5.7

%

 

 

 

 

5.6

%

 

 

 

 

3.2

%

 

 

 

 

3.5

%

 

Expected price volatility

 

 

36.1

%

 

 

 

 

38.1

%

 

 

 

 

49.1

%

 

 

 

 

59.6

%

 

Risk-free interest rate

 

 

1.4

%

 

 

 

 

1.8

%

 

 

 

 

1.4

%

 

 

 

 

0.8

%

 

Expected life

 

5.0 years

  

 

 

5.4 years

 

 

 

4.7 years

  

 

 

5.5 years

  

 

Summarizes Information about Stock Options Outstanding

The following table summarizes information about stock options outstanding as of January 30, 2016:

 

 

Stock Options Outstanding

  

Stock Options Exercisable

Range of Exercise Prices

Number
Outstanding

  

Weighted
Average
Remaining Life

  

Weighted
Average
Exercise Price

  

Number
Exercisable

  

Weighted
Average
Exercise Price

 

(in thousands)

  

(years)

  

 

 

  

(in thousands)

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$   3.52 to $  4.00

 

2

  

  

 

2.8

  

  

$

3.52

  

  

 

2

  

  

$

3.52

  

     4.01 to   14.00

 

54

  

  

 

5.1

  

  

 

11.77

  

  

 

43

  

  

 

11.89

  

   14.01 to   15.00

 

486

  

  

 

8.7

  

  

 

14.34

  

  

 

153

  

  

 

14.33

  

   15.01 to   19.00

 

20

  

  

 

8.0

  

  

 

15.68

  

  

 

6

  

  

 

16.20

  

   19.01 to   23.00

 

123

  

  

 

6.8

  

  

 

20.43

  

  

 

75

  

  

 

20.62

  

   23.01 to   31.38

 

35

  

  

 

7.8

  

  

 

30.86

  

  

 

21

  

  

 

30.85

  

$   3.52 to $31.38

 

720

  

  

 

8.1

  

  

$

16.00

  

  

 

300

  

  

$

16.68

  

 

Restricted Stock Activity

 

Restricted stock activity for the 2005 Plan was as follows:

 

 

Outstanding

Restricted
Shares

 

Weighted
Average
Grant Date
Fair Value

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

Nonvested—September 30, 2014

 

200

  

 

$

23.79

  

Granted

 

129

  

 

 

14.34

  

Vested

 

(65

 

 

24.55

 

Forfeited

 

(28

 

 

23.49

 

Nonvested—January 31, 2015

 

236

  

 

 

18.47

 

Granted

 

65

  

 

 

15.56

 

Vested

 

(77

 

 

18.74

  

Forfeited

 

(43

 

 

18.61

  

Nonvested—January 30, 2016

 

181

  

 

$

17.28

  

 

Summary of Cumulative Minimum, Target and Maximum Restricted Stock Units Award Activity

The following table sets forth the aggregate minimum, target and maximum RSUs, excluding RSUs from dividends declared, that may be earned by the executive officers for each fiscal year award cycle.  The minimum RSUs will be earned if the Company’s RSU Operating Income during the Performance Period equals the specified threshold RSU Operating Income.  Additional RSUs are earned ratably for RSU Operating Income that exceeds the specified threshold, up to the maximum amount for RSU Operating Income that equals or exceeds the specified maximum RSU Operating Income.

 

Awards

 

Performance Period

 

 

Minimum  RSUs

 

 

Target RSUs

 

 

Maximum RSUs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2015 Awards

 

February 2, 2015 to January 28, 2017

 

 

 

23,253

 

 

 

46,504

 

 

 

69,757

 

Fiscal 2014 Awards

 

October 1, 2013 to September 30, 2016

 

 

 

15,113

 

 

 

30,224

 

 

 

45,337

 

Fiscal 2013 Awards

 

October 1, 2012 to September 30, 2015

 

 

 

18,541

 

 

 

37,080

 

 

 

55,621

 

Fiscal 2012 Awards

 

October 1, 2011 to September 30, 2014

 

 

 

19,531

 

 

 

39,059

 

 

 

58,590