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v2.4.0.6
Stock-Based Compensation (Tables)
9 Months Ended
Oct. 27, 2012
Stock-Based Compensation [Abstract]  
Stock option activity

The following table represents stock option activity during the Year-to-date 2012 period.

 

                                 
    Common
Stock Options
    Weighted-
Average
Exercise
Price
    Weighted
Average
Remaining
Contractual
Term
    Aggregate
Intrinsic
Value
 
    (in thousands)     (per share)     (in years)     (in thousands)  

Outstanding January 28, 2012

    1,600     $ 18.41       7.32     $ 15,680  

Granted

    125     $ 27.33                  

Exercised

    (127   $ 6.21                  

Expired or forfeited

    (15   $ 21.26                  
   

 

 

   

 

 

                 

Outstanding October 27, 2012

    1,583     $ 20.06       6.91     $ 16,991  
   

 

 

   

 

 

   

 

 

   

 

 

 

Vested at October 27, 2012

    945     $ 15.02       6.08     $ 14,730  
   

 

 

   

 

 

   

 

 

   

 

 

 
Estimated fair value of stock options

The fair value of stock options was estimated at the date of grant using a Black-Scholes option pricing model with the following range of assumptions:

 

                                 
    Thirteen weeks ended     Thirty-nine weeks ended  
    October 27,
2012
    October 29,
2011
    October 27,
2012
    October 29,
2011
 

Risk-free interest rate (1)

    1.1     1.2%-2.3%       1.1%-1.8%       1.2%-2.9%  

Dividend yield

    —         —         —         —    

Volatility factors for the expected market price of the Company’s common stock (2)

    53.0     55.0     53.0     55.0

Weighted average expected term (3)

    6.0 years       6.0 years       6.0 years       6.0 years  

 

(1) Based on the U.S. Treasury yield curve in effect at the time of grant with a term consistent with the expected life of stock options.
(2) Expected stock price volatility is based on comparable volatilities of peer companies within rue21’s industry.
(3) Represents the period of time options are expected to be outstanding. The weighted-average expected option term was determined using the “simplified method” as allowed by Staff Accounting Bulletin Topic 14. The expected term used to value a share option grant under the simplified method is the midpoint between the vesting date and the contractual term of the share option.
Non-vested outstanding restricted stock units
                                 
    Time-Based Restricted Stock Units     Performance Share Units  
    Thirty-nine weeks Ended October 27, 2012     Thirty-nine weeks Ended October 27, 2012  
    Shares     Weighted Averaged
Fair Value at Grant
Date
    Shares     Weighted Averaged
Fair Value at Grant
Date
 
    (in thousands)     (per share)     (in thousands)     (per share)  

Non-vested as of January 28, 2012

    162     $ 29.85       —       $ —    

Granted

    182     $ 27.20       199     $ 27.24  

Vested

    (51   $ 30.26       —       $ —    

Expired or forfeited

    (1   $ (30.12     —       $ —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Non-vested as of October 27, 2012

    292     $ 28.12       199     $ 27.24