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Weighted Average Life (Years) | August 2, 2014 | February 1, 2014 | |||||||||||
Gross Carrying Amount | Accumulated Amortization | Gross Carrying Amount | Accumulated Amortization | ||||||||||
Indefinite-lived intangible assets: | |||||||||||||
FCC broadcast license | $ | 12,000,000 | $ | 12,000,000 |
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Fiscal 2014 | Fiscal 2013 | ||
Expected volatility | 97% - 98% | 100% | |
Expected term (in years) | 5 - 6 years | 6 years | |
Risk-free interest rate | 1.5% - 2.2% | 1.1% - 1.8% |
Fair Value (Per Share) | Derived Service Period | |||
Tranche 1 ($6.00/share) | $0.93 | 15 | months | |
Tranche 2 ($8.00/share) | $0.95 | 20 | months | |
Tranche 3 ($10.00/share) | $0.95 | 24 | months |
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, February 1, 2014 | 3,083,000 | $ | 4.03 | 2,104,000 | $ | 6.25 | 1,121,000 | $ | 6.05 | 500,000 | $ | 4.24 | |||||||||||||||
Granted | 120,000 | $ | 3.74 | 107,000 | $ | 5.66 | — | $ | — | — | $ | — | |||||||||||||||
Exercised | (33,000 | ) | $ | 1.62 | (100,000 | ) | $ | 0.81 | (10,000 | ) | $ | 3.29 | (35,000 | ) | $ | 1.82 | |||||||||||
Forfeited or canceled | (17,000 | ) | $ | 1.62 | (241,000 | ) | $ | 12.03 | (33,000 | ) | $ | 13.81 | — | $ | — | ||||||||||||
Balance outstanding, August 2, 2014 | 3,153,000 | $ | 4.06 | 1,870,000 | $ | 5.76 | 1,078,000 | $ | 5.83 | 465,000 | $ | 4.42 | |||||||||||||||
Options exercisable at August 2, 2014 | 1,508,000 | $ | 4.02 | 1,843,000 | $ | 5.78 | 1,078,000 | $ | 5.83 | 395,000 | $ | 4.50 |
Options Outstanding | Options Vested or Expected to Vest | ||||||||||||||||||||||||
Option Type | Number of Shares | Weighted Average Exercise Price | Weighted Average Remaining Contractual Life (Years) | Aggregate Intrinsic Value | Number of Shares | Weighted Average Exercise Price | Weighted Average Remaining Contractual Life (Years) | Aggregate Intrinsic Value | |||||||||||||||||
2011 Incentive: | 3,153,000 | $ | 4.06 | 8.5 | $ | 2,577,000 | 3,094,000 | $ | 4.10 | 8.5 | $ | 2,533,000 | |||||||||||||
2004 Incentive: | 1,870,000 | $ | 5.76 | 5.2 | $ | 1,229,000 | 1,867,000 | $ | 5.74 | 5.2 | $ | 1,229,000 | |||||||||||||
2001 Incentive: | 1,078,000 | $ | 5.83 | 4.1 | $ | 863,000 | 1,078,000 | $ | 5.83 | 4.1 | $ | 863,000 | |||||||||||||
Non-Qualified: | 465,000 | $ | 4.42 | 5.9 | $ | 328,000 | 458,000 | $ | 4.43 | 5.9 | $ | 323,000 |
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Fair Value (Per Share) | Derived Service Period | |||
Tranche 1 ($6.00/share) | $1.48 | 15 | months | |
Tranche 2 ($8.00/share) | $1.39 | 20 | months | |
Tranche 3 ($10.00/share) | $1.31 | 24 | months |
Shares | Weighted Average Grant Date Fair Value | |||
Non-vested outstanding, February 1, 2014 | 641,000 | $4.49 | ||
Granted | 113,000 | $5.26 | ||
Vested | (104,000 | ) | $5.12 | |
Forfeited | (33,000 | ) | $3.30 | |
Non-vested outstanding, August 2, 2014 | 617,000 | $4.58 |
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Three-Month Periods Ended | Six-Month Periods Ended | |||||||||||||||
August 2, 2014 | August 3, 2013 | August 2, 2014 | August 3, 2013 | |||||||||||||
Jewelry & Watches | $ | 61,212 | $ | 65,083 | $ | 130,115 | $ | 131,267 | ||||||||
Home & Consumer Electronics | 34,051 | 38,026 | 71,352 | 79,976 | ||||||||||||
Beauty, Health & Fitness | 21,091 | 16,573 | 41,476 | 35,136 | ||||||||||||
Fashion & Accessories | 25,609 | 15,629 | 44,888 | 28,426 | ||||||||||||
All other (primarily shipping & handling revenue) | 14,624 | 13,253 | 28,457 | 25,113 | ||||||||||||
Total | $ | 156,587 | $ | 148,564 | $ | 316,288 | $ | 299,918 |
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Weighted Average Life (Years) | August 2, 2014 | February 1, 2014 | |||||||||||
Gross Carrying Amount | Accumulated Amortization | Gross Carrying Amount | Accumulated Amortization | ||||||||||
Indefinite-lived intangible assets: | |||||||||||||
FCC broadcast license | $ | 12,000,000 | $ | 12,000,000 |
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Fiscal 2014 | Fiscal 2013 | ||
Expected volatility | 97% - 98% | 100% | |
Expected term (in years) | 5 - 6 years | 6 years | |
Risk-free interest rate | 1.5% - 2.2% | 1.1% - 1.8% |
Fair Value (Per Share) | Derived Service Period | |||
Tranche 1 ($6.00/share) | $0.93 | 15 | months | |
Tranche 2 ($8.00/share) | $0.95 | 20 | months | |
Tranche 3 ($10.00/share) | $0.95 | 24 | months |
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, February 1, 2014 | 3,083,000 | $ | 4.03 | 2,104,000 | $ | 6.25 | 1,121,000 | $ | 6.05 | 500,000 | $ | 4.24 | |||||||||||||||
Granted | 120,000 | $ | 3.74 | 107,000 | $ | 5.66 | — | $ | — | — | $ | — | |||||||||||||||
Exercised | (33,000 | ) | $ | 1.62 | (100,000 | ) | $ | 0.81 | (10,000 | ) | $ | 3.29 | (35,000 | ) | $ | 1.82 | |||||||||||
Forfeited or canceled | (17,000 | ) | $ | 1.62 | (241,000 | ) | $ | 12.03 | (33,000 | ) | $ | 13.81 | — | $ | — | ||||||||||||
Balance outstanding, August 2, 2014 | 3,153,000 | $ | 4.06 | 1,870,000 | $ | 5.76 | 1,078,000 | $ | 5.83 | 465,000 | $ | 4.42 | |||||||||||||||
Options exercisable at August 2, 2014 | 1,508,000 | $ | 4.02 | 1,843,000 | $ | 5.78 | 1,078,000 | $ | 5.83 | 395,000 | $ | 4.50 |
Options Outstanding | Options Vested or Expected to Vest | ||||||||||||||||||||||||
Option Type | Number of Shares | Weighted Average Exercise Price | Weighted Average Remaining Contractual Life (Years) | Aggregate Intrinsic Value | Number of Shares | Weighted Average Exercise Price | Weighted Average Remaining Contractual Life (Years) | Aggregate Intrinsic Value | |||||||||||||||||
2011 Incentive: | 3,153,000 | $ | 4.06 | 8.5 | $ | 2,577,000 | 3,094,000 | $ | 4.10 | 8.5 | $ | 2,533,000 | |||||||||||||
2004 Incentive: | 1,870,000 | $ | 5.76 | 5.2 | $ | 1,229,000 | 1,867,000 | $ | 5.74 | 5.2 | $ | 1,229,000 | |||||||||||||
2001 Incentive: | 1,078,000 | $ | 5.83 | 4.1 | $ | 863,000 | 1,078,000 | $ | 5.83 | 4.1 | $ | 863,000 | |||||||||||||
Non-Qualified: | 465,000 | $ | 4.42 | 5.9 | $ | 328,000 | 458,000 | $ | 4.43 | 5.9 | $ | 323,000 |
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Fair Value (Per Share) | Derived Service Period | |||
Tranche 1 ($6.00/share) | $1.48 | 15 | months | |
Tranche 2 ($8.00/share) | $1.39 | 20 | months | |
Tranche 3 ($10.00/share) | $1.31 | 24 | months |
Shares | Weighted Average Grant Date Fair Value | |||
Non-vested outstanding, February 1, 2014 | 641,000 | $4.49 | ||
Granted | 113,000 | $5.26 | ||
Vested | (104,000 | ) | $5.12 | |
Forfeited | (33,000 | ) | $3.30 | |
Non-vested outstanding, August 2, 2014 | 617,000 | $4.58 |
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Three-Month Periods Ended | Six-Month Periods Ended | |||||||||||||||
August 2, 2014 | August 3, 2013 | August 2, 2014 | August 3, 2013 | |||||||||||||
Jewelry & Watches | $ | 61,212 | $ | 65,083 | $ | 130,115 | $ | 131,267 | ||||||||
Home & Consumer Electronics | 34,051 | 38,026 | 71,352 | 79,976 | ||||||||||||
Beauty, Health & Fitness | 21,091 | 16,573 | 41,476 | 35,136 | ||||||||||||
Fashion & Accessories | 25,609 | 15,629 | 44,888 | 28,426 | ||||||||||||
All other (primarily shipping & handling revenue) | 14,624 | 13,253 | 28,457 | 25,113 | ||||||||||||
Total | $ | 156,587 | $ | 148,564 | $ | 316,288 | $ | 299,918 |
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