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v2.4.0.6
STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Oct. 27, 2012
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]  
Schedule of Share-based Compensation, Activity [Table Text Block]

A summary of the Company’s stock-based compensation (a component of selling and general and administrative expenses) and related income tax benefit is as follows (in thousands):

 

    Thirteen Weeks Ended     Thirty-Nine Weeks Ended  
    October 27, 2012     October 29, 2011     October 27, 2012     October 29, 2011  
                         
Stock option expense   $ 256     $ 101     $ 424     $ 352  
Restricted stock expense     74       297       882       856  
ESPP expense     46       43       136       130  
Total stock-based compensation   $ 376     $ 441     $ 1,442     $ 1,338  
                                 
Income tax benefit on stock-based compensation   $ 94     $ 121     $ 398     $ 352
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The fair value of each option granted during the thirteen and thirty-nine week periods ended October 27, 2012 and October 29, 2011, respectively, are estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:

 

    Thirteen Weeks Ended     Thirty-Nine Weeks Ended  
    October 27, 2012     October 29, 2011     October 27, 2012     October 29, 2011  
Stock Options                                
Expected volatility     39.7 %     40.5 %     39.7 %     41.4 %
Risk-free interest rate     0.5 %     1.5 %     0.5 %     1.9 %
Expected option life (in years)     4.00       5.84       4.06       4.96  
Expected dividend yield     1.27 %     0.86 %     1.26 %     0.91 %
                                 
Weighted average fair value at grant date   $ 3.86     $ 4.13     $ 3.90     $ 4.49  
                                 
Employee Stock Purchase Plan                                
Expected volatility     33.0 %     31.5 %     33.7 %     24.8 %
Risk-free interest rate     0.1 %     0.3 %     0.1 %     0.3 %
Expected option life (in years)     0.75       0.75       0.5       0.5  
Expected dividend yield     1.18 %     1.02 %     0.78 %     0.68 %
                                 
Weighted average fair value at grant date   $ 3.76     $ 3.59     $ 3.50     $ 3.07
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block]

The following table summarizes stock option activity during the thirty-nine weeks ended October 27, 2012:

 

    Options     Weighted
Average
Exercise Price
    Weighted Average
Remaining
Contractual Life
(Years)
    Aggregate
Intrinsic
Value
(Thousands)
 
                         
Outstanding at January 28, 2012     795,376     $ 11.52       3.0     $ 2,831  
Granted     415,169     $ 13.67                  
Forfeited / Cancelled     (24,600 )   $ 14.54                  
Exercised     (63,912 )   $ 13.14                  
Outstanding at October 27, 2012     1,122,033     $ 12.16       3.4     $ 1,619  
                                 
Exercisable at October 27, 2012     549,891     $ 11.25       2.0     $ 1,260
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested and Expected to Vest [Table Text Block]

The following table summarizes restricted stock activity during the thirty-nine weeks ended October 27, 2012:

 

    Number of Shares     Weighted Average
Grant Date Fair
Value
 
             
Non-vested Restricted Stock at January 28, 2012     711,600     $ 12.56  
Granted     123,979     $ 14.47  
Forfeited / Cancelled     (60,595 )   $ 12.36  
Vested     (114,967 )   $ 12.27  
Non-vested Restricted Stock at October 27, 2012     660,017     $ 12.98