Annual report pursuant to Section 13 and 15(d)

Stock Compensation Plans (Tables)

v3.10.0.1
Stock Compensation Plans (Tables)
12 Months Ended
Oct. 28, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of weighted average assumptions, options
The weighted average assumptions used to estimate the fair value of stock options for the respective fiscal years were as follows:
 
Fiscal Year Ended
 
October 28,
2018
 
October 29,
2017
Weighted-average fair value of stock option granted
$1.75
 
$1.83
Expected volatility
40.0%
 
40.0%
Expected term (in years)
6.00
 
6.00
Risk-free interest rate
2.73%
 
1.89%
Expected dividend yield
0.0%
 
0.0%
Schedule of transactions involving outstanding stock options
The following table summarizes the transactions related to stock options:
Stock Options
Number of
shares
 
Weighted
average
exercise price
 
Weighted average
contractual life
(in years)
 
Aggregate
Intrinsic
Value
(in thousands)
 
Outstanding - October 30, 2016
1,921,035

 
$
7.70

 
8.23

 
$
242

 
Granted
851,488

 
$
4.46

 

 
$

 
Exercised
(300
)
 
$
6.39

 

 
$

 
Forfeited
(272,301
)
 
$
10.24

 

 
$

 
Outstanding - October 29, 2017
2,499,922

 
$
6.32

 
8.20

 
$
6,051

 
Granted
133,181

 
$
4.10

 

 
$

 
Forfeited
(1,033,063
)
 
$
7.16

 

 
$

 
Outstanding - October 28, 2018
1,600,040

 
$
5.25

 
7.27

 
$
3,126

 
Unvested at October 28, 2018
769,027

 
$

 

 
$
780

 
Exercisable at October 28, 2018
831,013

 
$
6.46

 
6.08

 
$
2,346

 
Schedule of transactions involving outstanding restricted stock awards, performance share units, and phantom units
The following table summarizes the activity related to the restricted stock awards:
Restricted Stock Awards
Number of
shares
 
Weighted
average
grant date
fair value
Outstanding - October 30, 2016
229,733

 
$
6.31

Granted
248,915

 
$
4.43

Forfeited
(23,288
)
 
$
6.68

Deferred
36,885

 
$
4.35

Vested
(153,279
)
 
$
5.57

Outstanding - October 29, 2017
338,966

 
$
5.20

Granted
491,138

 
$
3.23

Forfeited
(40,769
)
 
$
4.62

Vested
(206,504
)
 
$
5.33

Outstanding - October 28, 2018
582,831

 
$
3.53

The following table summarizes the activity related to the performance share units:
Performance Share Units
Number of units
 
Weighted average
grant date fair value
Outstanding - October 29, 2017

 
$

Granted
276,396

 
$
3.38

Outstanding - October 28, 2018
276,396

 
$
3.38

The following table summarizes the activity related to the phantom units:
Phantom Units
Number of units
Outstanding - October 30, 2016

Granted
71,311

Forfeited
(29,507
)
Outstanding - October 29, 2017
41,804

Forfeited
(18,307
)
Vested
(9,836
)
Outstanding - October 28, 2018
13,661


Summary of share based compensation expense recognized in selling, administrative and other operating costs in consolidated statements of operations
Share-based compensation expense was recognized in Selling, administrative and other operating costs in the Company’s Consolidated Statements of Operations as follows (in thousands):
 
Year Ended
 
October 28,
2018
 
October 29,
2017
Selling, administrative and other operating costs
$
1,760

 
$
2,755

Total
$
1,760

 
$
2,755