| General
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Weighted Average Life (Years) | July 28, 2012 | January 28, 2012 | ||||||||||||||||
Gross Carrying Amount | Accumulated Amortization | Gross Carrying Amount | Accumulated Amortization | |||||||||||||||
Finite-lived intangible assets: | ||||||||||||||||||
NBC trademark license - second renewal | 1.7 | $ | 6,830,000 | $ | (833,000 | ) | $ | — | $ | — | ||||||||
NBC trademark license - first renewal | 1.0 | $ | 4,166,000 | $ | (4,166,000 | ) | $ | 4,166,000 | $ | (2,951,000 | ) | |||||||
Indefinite-lived intangible assets: | ||||||||||||||||||
FCC broadcast license | $ | 23,111,000 | $ | 23,111,000 |
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Fiscal 2012 | Fiscal 2011 | ||
Expected volatility | 97% | 88% | |
Expected term (in years) | 6 years | 6 years | |
Risk-free interest rate | 1.0% - 1.1% | 2.3% - 2.7% |
2011 Incentive Stock Option Plan | Weighted Average Exercise Price | 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 28, 2012 | 160,000 | $ | 2.25 | 2,345,000 | $ | 6.03 | 1,226,000 | $ | 6.15 | 650,000 | $ | 4.30 | ||||||||||||||||
Granted | 75,000 | $ | 2.20 | 20,000 | $ | 1.70 | — | $ | — | — | $ | — | ||||||||||||||||
Exercised | — | $ | — | (72,000 | ) | $ | 0.97 | — | $ | — | — | $ | — | |||||||||||||||
Forfeited or canceled | — | $ | — | (31,000 | ) | $ | 5.47 | (8,000 | ) | $ | 13.59 | (75,000 | ) | $ | 5.78 | |||||||||||||
Balance outstanding, July 28, 2012 | 235,000 | $ | 2.24 | 2,262,000 | $ | 6.16 | 1,218,000 | $ | 6.10 | 575,000 | $ | 4.11 | ||||||||||||||||
Options exercisable at July 28, 2012 | — | $ | — | 2,129,000 | $ | 6.07 | 1,024,000 | $ | 6.33 | 303,000 | $ | 4.00 |
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 | ||||||||||||||||||
2011 Incentive: | 235,000 | $ | 2.24 | 9.6 | $ | 22,000 | 211,000 | $ | 2.24 | 9.6 | $ | 20,000 | ||||||||||||||
2004 Incentive: | 2,262,000 | $ | 6.16 | 6.2 | $ | 265,000 | 2,249,000 | $ | 6.15 | 6.2 | $ | 265,000 | ||||||||||||||
2001 Incentive: | 1,218,000 | $ | 6.10 | 5.9 | $ | 19,000 | 1,198,000 | $ | 6.13 | 5.9 | $ | 18,000 | ||||||||||||||
Non-Qualified: | 575,000 | $ | 4.11 | 7.9 | $ | 16,000 | 548,000 | $ | 4.10 | 7.9 | $ | 15,000 |
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Shares | Weighted Average Grant Date Fair Value | ||||||
Non-vested outstanding, January 28, 2012 | 982,000 | $ | 4.39 | ||||
Granted | 50,000 | $ | 1.70 | ||||
Vested | (298,000 | ) | $ | 6.52 | |||
Forfeited | (57,000 | ) | $ | 2.89 | |||
Non-vested outstanding, July 28, 2012 | 677,000 | $ | 3.39 |
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Three-Month Periods Ended | Six-Month Periods Ended | |||||||||||||||
July 28, 2012 | July 30, 2011 | July 28, 2012 | July 30, 2011 | |||||||||||||
Jewelry & Watches | $ | 68,842 | $ | 68,474 | $ | 140,413 | $ | 136,031 | ||||||||
Home & Electronics | 32,123 | 31,677 | 59,726 | 74,835 | ||||||||||||
Beauty, Health & Fitness | 16,391 | 14,749 | 34,450 | 29,627 | ||||||||||||
Fashion & Accessories | 9,673 | 7,084 | 19,801 | 13,387 | ||||||||||||
All other | 8,150 | 10,153 | 17,338 | 21,790 | ||||||||||||
Total | $ | 135,179 | $ | 132,137 | $ | 271,728 | $ | 275,670 |
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Weighted Average Life (Years) | July 28, 2012 | January 28, 2012 | ||||||||||||||||
Gross Carrying Amount | Accumulated Amortization | Gross Carrying Amount | Accumulated Amortization | |||||||||||||||
Finite-lived intangible assets: | ||||||||||||||||||
NBC trademark license - second renewal | 1.7 | $ | 6,830,000 | $ | (833,000 | ) | $ | — | $ | — | ||||||||
NBC trademark license - first renewal | 1.0 | $ | 4,166,000 | $ | (4,166,000 | ) | $ | 4,166,000 | $ | (2,951,000 | ) | |||||||
Indefinite-lived intangible assets: | ||||||||||||||||||
FCC broadcast license | $ | 23,111,000 | $ | 23,111,000 |
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Fiscal 2012 | Fiscal 2011 | ||
Expected volatility | 97% | 88% | |
Expected term (in years) | 6 years | 6 years | |
Risk-free interest rate | 1.0% - 1.1% | 2.3% - 2.7% |
2011 Incentive Stock Option Plan | Weighted Average Exercise Price | 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 28, 2012 | 160,000 | $ | 2.25 | 2,345,000 | $ | 6.03 | 1,226,000 | $ | 6.15 | 650,000 | $ | 4.30 | ||||||||||||||||
Granted | 75,000 | $ | 2.20 | 20,000 | $ | 1.70 | — | $ | — | — | $ | — | ||||||||||||||||
Exercised | — | $ | — | (72,000 | ) | $ | 0.97 | — | $ | — | — | $ | — | |||||||||||||||
Forfeited or canceled | — | $ | — | (31,000 | ) | $ | 5.47 | (8,000 | ) | $ | 13.59 | (75,000 | ) | $ | 5.78 | |||||||||||||
Balance outstanding, July 28, 2012 | 235,000 | $ | 2.24 | 2,262,000 | $ | 6.16 | 1,218,000 | $ | 6.10 | 575,000 | $ | 4.11 | ||||||||||||||||
Options exercisable at July 28, 2012 | — | $ | — | 2,129,000 | $ | 6.07 | 1,024,000 | $ | 6.33 | 303,000 | $ | 4.00 |
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 | ||||||||||||||||||
2011 Incentive: | 235,000 | $ | 2.24 | 9.6 | $ | 22,000 | 211,000 | $ | 2.24 | 9.6 | $ | 20,000 | ||||||||||||||
2004 Incentive: | 2,262,000 | $ | 6.16 | 6.2 | $ | 265,000 | 2,249,000 | $ | 6.15 | 6.2 | $ | 265,000 | ||||||||||||||
2001 Incentive: | 1,218,000 | $ | 6.10 | 5.9 | $ | 19,000 | 1,198,000 | $ | 6.13 | 5.9 | $ | 18,000 | ||||||||||||||
Non-Qualified: | 575,000 | $ | 4.11 | 7.9 | $ | 16,000 | 548,000 | $ | 4.10 | 7.9 | $ | 15,000 |
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Shares | Weighted Average Grant Date Fair Value | ||||||
Non-vested outstanding, January 28, 2012 | 982,000 | $ | 4.39 | ||||
Granted | 50,000 | $ | 1.70 | ||||
Vested | (298,000 | ) | $ | 6.52 | |||
Forfeited | (57,000 | ) | $ | 2.89 | |||
Non-vested outstanding, July 28, 2012 | 677,000 | $ | 3.39 |
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Three-Month Periods Ended | Six-Month Periods Ended | |||||||||||||||
July 28, 2012 | July 30, 2011 | July 28, 2012 | July 30, 2011 | |||||||||||||
Jewelry & Watches | $ | 68,842 | $ | 68,474 | $ | 140,413 | $ | 136,031 | ||||||||
Home & Electronics | 32,123 | 31,677 | 59,726 | 74,835 | ||||||||||||
Beauty, Health & Fitness | 16,391 | 14,749 | 34,450 | 29,627 | ||||||||||||
Fashion & Accessories | 9,673 | 7,084 | 19,801 | 13,387 | ||||||||||||
All other | 8,150 | 10,153 | 17,338 | 21,790 | ||||||||||||
Total | $ | 135,179 | $ | 132,137 | $ | 271,728 | $ | 275,670 |
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