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Shareholders' Equity (Tables)
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12 Months Ended |
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Feb. 02, 2013
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| Outstanding Options [Abstract] |
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| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] |
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Fiscal 2013 |
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Fiscal 2012 |
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Fiscal 2011 |
Expected volatility |
98% - 100% |
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97% - 99% |
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88% - 96% |
Expected term (in years) |
5 - 6 years |
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6 years |
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6 years |
Risk-free interest rate |
1.1% - 2.1% |
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1.0% - 1.4% |
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1.3% - 2.7% |
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| 2012 Market Grant [Table Text Block] |
Grant date fair values and derived service periods for each tranche were determined using a Monte Carlo valuation model based on assumptions, which included a weighted average risk-free interest rate of 0.38%, a weighted average expected life of 3.3 years and an implied volatility of 78% and were as follows for each tranche:
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Fair Value (Per Share) |
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Derived Service Period |
Tranche 1 ($6.00/share) |
$0.93 |
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15 |
months |
Tranche 2 ($8.00/share) |
$0.95 |
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20 |
months |
Tranche 3 ($10.00/share) |
$0.95 |
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24 |
months |
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| Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] |
A summary of the status of the Company’s stock option activity as of February 1, 2014 and changes during the year then ended is as follows:
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2011
Incentive
Stock
Option
Plan |
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Weighted
Average
Exercise
Price |
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2004
Incentive
Stock
Option
Plan |
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Weighted
Average
Exercise
Price |
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2001
Incentive
Stock
Option
Plan |
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Weighted
Average
Exercise
Price |
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Other Non-
Qualified
Stock
Options |
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Weighted
Average
Exercise
Price |
Balance outstanding,
February 2, 2013 |
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2,500,000 |
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$ |
3.73 |
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2,098,000 |
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$ |
6.23 |
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1,169,000 |
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$ |
5.88 |
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525,000 |
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$ |
4.12 |
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Granted |
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591,000 |
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$ |
5.17 |
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50,000 |
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$ |
3.73 |
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— |
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$ |
— |
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— |
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$ |
— |
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Exercised |
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(8,000 |
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$ |
1.97 |
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(42,000 |
) |
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$ |
2.14 |
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(40,000 |
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$ |
1.92 |
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(25,000 |
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$ |
1.69 |
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Forfeited or canceled |
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— |
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$ |
— |
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(2,000 |
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$ |
10.41 |
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(8,000 |
) |
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$ |
2.95 |
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— |
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$ |
— |
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Balance outstanding,
February 1, 2014 |
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3,083,000 |
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$ |
4.03 |
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2,104,000 |
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$ |
6.25 |
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1,121,000 |
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$ |
6.05 |
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500,000 |
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$ |
4.24 |
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Options Exercisable at: |
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February 1, 2014 |
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1,229,000 |
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$ |
3.78 |
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2,037,000 |
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$ |
6.21 |
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1,121,000 |
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$ |
6.05 |
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397,000 |
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$ |
4.11 |
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February 2, 2013 |
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50,000 |
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$ |
2.29 |
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1,965,000 |
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$ |
6.14 |
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1,151,000 |
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$ |
5.69 |
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363,000 |
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$ |
3.90 |
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January 28, 2012 |
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— |
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$ |
— |
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2,015,000 |
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$ |
6.18 |
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1,029,000 |
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$ |
6.35 |
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143,000 |
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$ |
3.60 |
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| Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding [Table Text Block] |
The following table summarizes information regarding stock options outstanding at February 1, 2014:
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Options Outstanding |
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Options Vested or Expected to Vest |
Option Type |
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Number of
Shares |
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Weighted
Average
Exercise
Price |
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Weighted
Average
Remaining
Contractual
Life
(Years) |
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Aggregate
Intrinsic
Value |
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Number of
Shares |
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Weighted
Average
Exercise
Price |
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Weighted
Average
Remaining
Contractual
Life
(Years) |
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Aggregate
Intrinsic
Value |
2011 Incentive: |
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3,083,000 |
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$ |
4.03 |
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7.4 |
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$ |
6,597,000 |
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2,580,000 |
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$ |
3.76 |
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8.8 |
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$ |
6,208,000 |
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2004 Incentive: |
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2,104,000 |
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$ |
6.25 |
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4.9 |
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$ |
2,793,000 |
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2,097,000 |
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$ |
6.25 |
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4.9 |
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$ |
2,793,000 |
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2001 Incentive: |
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1,121,000 |
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$ |
6.05 |
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4.5 |
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$ |
1,475,000 |
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1,121,000 |
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$ |
6.05 |
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4.5 |
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$ |
1,475,000 |
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Non-Qualified: |
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500,000 |
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$ |
4.24 |
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6.4 |
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$ |
981,000 |
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490,000 |
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$ |
4.23 |
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6.4 |
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$ |
965,000 |
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| Schedule of Restricted Stock Fair Value [Table Text Block] |
Grant date fair values and derived service periods for each tranche were determined using a Monte Carlo valuation model based on assumptions, which included a weighted average risk-free interest rate of 0.32%, a weighted average expected life of 2.8 years and an implied volatility of 78% and were as follows for each tranche:
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Fair Value
(Per Share) |
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Derived Service
Period |
Tranche 1 ($6.00/share) |
$1.48 |
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15 |
months |
Tranche 2 ($8.00/share) |
$1.39 |
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20 |
months |
Tranche 3 ($10.00/share) |
$1.31 |
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24 |
months |
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| Schedule of Non-vested Restricted Stock Activity [Table Text Block] |
A summary of the status of the Company’s non-vested restricted stock activity as of February 1, 2014 and changes during the twelve-month period then ended is as follows:
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Shares |
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Weighted
Average
Grant Date
Fair Value
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Non-vested outstanding, February 2, 2013 |
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772,000 |
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$3.00 |
Granted |
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480,000 |
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$5.53 |
Vested |
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(588,000 |
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$3.49 |
Forfeited |
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(23,000 |
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$1.96 |
Non-vested outstanding, February 1, 2014 |
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641,000 |
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$4.49 |
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