Annual report pursuant to Section 13 and 15(d)

Stock Compensation Plans (Tables)

v3.8.0.1
Stock Compensation Plans (Tables)
12 Months Ended
Oct. 29, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of transactions involving outstanding stock options and non-vested restricted stock and restricted stock unit awards under 2006 plan
The following table summarizes transactions involving outstanding stock options and non-vested restricted stock and restricted stock unit awards (stock awards) under the 2015 plan:

 
Stock Options
 
Restricted Stock
2015 Plan
Number of
shares
 
Weighted
average
exercise
price
 
Weighted
average
contractual
life
 
Aggregate
Intrinsic
Value
 
Number of
shares
 
Weighted
average
grant date
fair value
 
 
 
 
 
(in years)
 
(in thousands)
 
 
 
 
Outstanding - November 1, 2015

 
$

 

 
$

 

 
$

Granted
981,154

 
$
6.48

 

 
$

 
261,721

 
$
6.41

Forfeited
(2,748
)
 
$
6.06

 

 
$

 
(550
)
 
$
6.06

Vested RSU

 
$

 

 
$

 
(75,219
)
 
$
6.06

Outstanding - October 30, 2016
978,406

 
$
6.48

 
9.51

 
$
242

 
185,952

 
$
7.13

Granted
851,488

 
$
4.46

 

 
$

 
248,915

 
$
4.43

Forfeited
(54,270
)
 
$
6.14

 

 
$

 
(10,862
)
 
$
6.14

Vested RSU

 
$

 

 
$

 
(137,816
)
 
$
5.36

Deferred RSU

 
$

 

 
$

 
36,885

 
$
4.35

Outstanding - October 29, 2017
1,775,624

 
$
5.52

 
9.03

 
$
2,881

 
323,074

 
$
5.09

Unvested at October 29, 2017
1,400,714

 
$
5.18

 
9.19

 
$
1,796

 


 

Exercisable at October 29, 2017
374,910

 
$
6.79

 
8.43

 
$
1,085

 
 
 
 
The following table summarizes transactions involving outstanding stock options and non-vested restricted stock and restricted stock unit awards (stock awards) under the 2006 plan:
 
Stock Options
 
Restricted Stock
2006 Plan
Number of
shares
 
Weighted
average
exercise
price
 
Weighted
average
contractual
life
 
Aggregate
Intrinsic
Value
 
Number of
shares
 
Weighted
average
grant date
fair value
 
 
 
 
 
(in years)
 
(in thousands)
 
 
 
 
Outstanding - November 2, 2014
764,150

 
$
9.22

 
5.43

 
$
776

 
23,334

 
$
7.68

Granted
393,528

 
$
9.21

 

 
$

 
170,979

 
$
9.32

Forfeited
(94,000
)
 
$
12.49

 

 
$

 

 
$

Vested RSU

 
$

 

 
$

 
(144,154
)
 
$
9.11

Exercised
(83,264
)
 
$
6.39

 

 
$

 

 
$

Outstanding - November 1, 2015
980,414

 
$
9.14

 
5.31

 
$
727

 
50,159

 
$
9.17

Granted
189,897

 
$
7.18

 

 
$

 
38,314

 
$
7.18

Exercised
(11,682
)
 
$
6.39

 

 
$

 

 
$

Forfeited
(216,000
)
 
$
8.34

 

 
$

 

 
$

Vested RSU

 
$

 

 
$

 
(44,692
)
 
$
9.24

Outstanding - October 30, 2016
942,629

 
$
8.97

 
6.91

 
$
1

 
43,781

 
$
7.35

Exercised
(300
)
 
$
6.39

 

 
$

 

 
$

Forfeited
(218,031
)
 
$
11.26

 

 
$

 
(12,426
)
 
$
7.15

Vested RSU

 
$

 

 
$

 
(15,463
)
 
$
7.42

Outstanding - October 29, 2017
724,298

 
$
8.28

 
6.15

 
$
3,170

 
15,892

 
$
7.44

Unvested at October 29, 2017
76,889

 
$
7.42

 
9.29

 
$
271

 


 


Exercisable at October 29, 2017
647,409

 
$
8.38

 
6.90

 
$
2,899

 

 

Summary of estimated fair value of stock options
The weighted average assumptions used to estimate the fair value of stock options for the respective fiscal years were as follows:
 
October 29,
2017
 
October 30,
2016
 
November 1,
2015
Weighted-average fair value of stock option granted
$1.83
 
$2.41
 
$2.97
Expected volatility
40.0%
 
40.0%
 
40.0%
Expected term (in years)
6.00
 
6.00
 
4.67
Risk-free interest rate
1.89%
 
1.32%
 
1.53%
Expected dividend yield
0.0%
 
0.0%
 
0.0%
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 29,
2017
 
October 30,
2016
 
November 1,
2015
Selling, administrative and other operating costs
$
2,755

 
$
1,828

 
$
2,906

Total
$
2,755

 
$
1,828

 
$
2,906