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Equity Award Plans (Tables)
12 Months Ended
Jan. 28, 2017
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—January 30, 2016

 

720

  

 

$

16.00

 

 

 

 

 

 

 

 

 

Granted

 

451

  

 

 

7.16

 

 

 

 

 

 

 

 

 

Exercised

 

(2

 

 

3.52

  

  

 

 

 

 

 

 

 

Forfeited

 

(64

 

 

15.62

  

  

 

 

 

 

 

 

 

Expired

 

(150

 

 

17.19

 

 

 

 

 

 

 

 

 

Balance—January 28, 2017

 

955

  

 

$

11.68

  

  

 

8.3

  

 

 

$ 2

  

Exercisable—January 28, 2017

 

273

  

 

$

16.26

 

  

 

7.1

  

 

 

$ 1

  

 

Weighted-Average Assumptions for Option Grants

Weighted-average assumptions for option grants were as follows:

 

 

Year Ended

 

 

Four Months Ended

 

Year Ended

 

 

January 28, 2017

 

 

January 30, 2016

 

 

January 31, 2015

 

 

September 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expected dividend yield

 

 

none

 

 

 

 

 

5.7

%

 

 

 

 

5.6

%

 

 

 

 

3.2

%

 

Expected price volatility

 

 

45.0

%

 

 

 

 

36.1

%

 

 

 

 

38.1

%

 

 

 

 

49.1

%

 

Risk-free interest rate

 

 

1.3

%

 

 

 

 

1.4

%

 

 

 

 

1.8

%

 

 

 

 

1.4

%

 

Expected life

 

5.3 years

  

 

 

5.0 years

 

 

 

5.4 years

  

 

 

4.7 years

  

 

Summarizes Information about Stock Options Outstanding

The following table summarizes information about stock options outstanding as of January 28, 2017:

 

 

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 $  7.00

 

83

  

  

 

9.5

  

  

$

5.68

  

  

 

1

  

  

$

3.52

  

     7.01 to     8.00

 

368

  

  

 

9.2

  

  

 

7.49

  

  

 

  

  

 

  

     8.01 to   14.00

 

25

  

  

 

5.3

  

  

 

11.64

  

  

 

17

  

  

 

11.80

  

   14.01 to   15.00

 

370

  

  

 

7.8

  

  

 

14.34

  

  

 

183

  

  

 

14.33

  

   15.01 to   19.00

 

16

  

  

 

8.0

  

  

 

15.51

  

  

 

5

  

  

 

15.59

  

   19.01 to   23.00

 

73

  

  

 

6.5

  

  

 

20.17

  

  

 

52

  

  

 

20.38

  

   23.01 to   31.38

 

20

  

  

 

6.8

  

  

 

31.03

  

  

 

15

  

  

 

31.03

  

$   3.52 to $31.38

 

955

  

  

 

8.3

  

  

$

11.68

  

  

 

273

  

  

$

16.26

  

 

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—January 30, 2016

 

181

  

 

$

17.28

 

Granted

 

207

  

 

 

7.12

 

Vested

 

(96

 

 

9.85

  

Forfeited

 

(16

 

 

16.97

  

Nonvested—January 28, 2017

 

276

  

 

$

9.55

  

 

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 2016 Awards

 

January 31, 2016 to February 3, 2018

 

 

 

13,698

 

 

 

54,789

 

 

 

82,185

 

Fiscal 2015 Awards

 

February 2, 2015 to January 28, 2017

 

 

 

15,218

 

 

 

30,436

 

 

 

45,655