| General
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Weighted Average Life (Years) | April 30, 2011 | January 29, 2011 | |||||||||||||||||
Gross Carrying Amount | Accumulated Amortization | Gross Carrying Amount | Accumulated Amortization | ||||||||||||||||
Finite-lived intangible assets: | |||||||||||||||||||
NBC trademark license agreement | 10.5 | $ | 34,437,000 | $ | (34,316,000 | ) | $ | 34,437,000 | $ | (33,509,000 | ) | ||||||||
Indefinite-lived intangible assets: | |||||||||||||||||||
FCC broadcast license | $ | 23,111,000 | $ | 23,111,000 |
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April 30, 2011 | January 29, 2011 | |||||||
Series B Preferred Stock | $ | — | $ | 40,854,000 | ||||
Unamortized debt discount on Series B Preferred Stock | — | (26,255,000 | ) | |||||
Series B Preferred Stock, carrying value | $ | — | $ | 14,599,000 | ||||
Deferred Payable | $ | 7,962,000 | $ | 4,894,000 |
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Fiscal 2011 | Fiscal 2010 | |||||||||||||||||||||||||||
Expected volatility | 88 | % | 80% — 88% | |||||||||||||||||||||||||
Expected term (in years) | 6 years | 6 years | ||||||||||||||||||||||||||
Risk-free interest rate | 2.9 | % | 1.9% — 3.3% |
2004 Incentive Stock Option Plan | Weighted Average Exercise Price | 2001 Incentive Stock Option Plan | Weighted Average Exercise Price | Other Non- Qualified Stock Options | Weighted Average Exercise Price | ||||||||||||||||
Balance outstanding, January 29, 2011 | 2,374,000 | $ | 5.72 | 1,746,000 | $ | 5.97 | 525,000 | $ | 3.58 | ||||||||||||
Granted | — | — | 9,000 | 6.72 | — | — | |||||||||||||||
Exercised | (17,000 | ) | 1.48 | (73,000 | ) | 3.27 | — | — | |||||||||||||
Forfeited or canceled | (20,000 | ) | 12.64 | (175,000 | ) | 10.40 | — | — | |||||||||||||
Balance outstanding, April 30, 2011 | 2,337,000 | $ | 5.70 | 1,507,000 | $ | 5.59 | 525,000 | $ | 3.58 | ||||||||||||
Options exercisable at April 30, 2011 | 1,771,000 | $ | 6.45 | 1,018,000 | $ | 6.45 | — | $ | — |
Option Type | Options Outstanding | Weighted Average Exercise Price | Weighted Average Remaining Contractual Life (Years) | Aggregate Intrinsic Value | Vested or Expected to Vest | Weighted Average Exercise Price | Weighted Average Remaining Contractual Life (Years) | Aggregate Intrinsic Value | ||||||||||||||||||||
2004 Incentive: | 2,337,000 | $ | 5.70 | 7.0 | $ | 4,435,000 | 2,281,000 | $ | 5.76 | 7.0 | $ | 4,260,000 | ||||||||||||||||
2001 Incentive: | 1,507,000 | $ | 5.59 | 7.2 | $ | 2,966,000 | 1,455,000 | $ | 5.66 | 7.0 | $ | 2,822,000 | ||||||||||||||||
Non-Qualified: | 525,000 | $ | 3.58 | 9.0 | $ | 1,471,000 | 473,000 | $ | 3.58 | 9.0 | $ | 1,323,000 |
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Shares | Weighted Average Grant Date Fair Value | ||||||
Non-vested outstanding, January 29, 2011 | 40,000 | $ | 1.90 | ||||
Granted | 513,000 | $ | 6.36 | ||||
Vested | — | $ | — | ||||
Forfeited | — | — | |||||
Non-vested outstanding, April 30, 2011 | 553,000 | $ | 6.04 |
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Three-Month Periods Ended | ||||||||
April 30, 2011 | May 1, 2010 | |||||||
Jewelry & Watches | $ | 67,557 | $ | 64,673 | ||||
Home & Electronics | 43,158 | 36,922 | ||||||
Beauty, Health & Fitness | 14,878 | 8,935 | ||||||
Fashion (apparel, outerwear & accessories) | 6,303 | 5,768 | ||||||
All other | 11,637 | 8,679 | ||||||
Total | $ | 143,533 | $ | 124,977 |
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