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Weighted Average Life (Years) | May 3, 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% | 100% | |
Expected term (in years) | 5 years | 6 years | |
Risk-free interest rate | 1.5% | 1.1% - 1.2% |
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 | — | $ | — | 60,000 | $ | 5.47 | — | $ | — | — | $ | — | |||||||||||||||
Exercised | — | $ | — | — | $ | — | — | $ | — | — | $ | — | |||||||||||||||
Forfeited or canceled | — | $ | — | — | $ | — | — | $ | — | — | $ | — | |||||||||||||||
Balance outstanding, May 3, 2014 | 3,083,000 | $ | 4.03 | 2,164,000 | $ | 6.23 | 1,121,000 | $ | 6.05 | 500,000 | $ | 4.24 | |||||||||||||||
Options exercisable at May 3, 2014 | 1,286,000 | $ | 3.64 | 2,097,000 | $ | 6.19 | 1,121,000 | $ | 6.05 | 430,000 | $ | 4.28 |
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: | 3,083,000 | $ | 4.03 | 7.2 | $ | 2,736,000 | 2,585,000 | $ | 3.76 | 8.5 | $ | 2,683,000 | |||||||||||||
2004 Incentive: | 2,164,000 | $ | 6.23 | 4.8 | $ | 1,623,000 | 2,157,000 | $ | 6.22 | 4.8 | $ | 1,623,000 | |||||||||||||
2001 Incentive: | 1,121,000 | $ | 6.05 | 4.2 | $ | 878,000 | 1,121,000 | $ | 6.05 | 4.2 | $ | 878,000 | |||||||||||||
Non-Qualified: | 500,000 | $ | 4.24 | 6.2 | $ | 433,000 | 493,000 | $ | 4.24 | 6.2 | $ | 427,000 |
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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 | 57,000 | $5.50 | ||
Vested | — | $0.00 | ||
Forfeited | (15,000 | ) | $5.57 | |
Non-vested outstanding, May 3, 2014 | 683,000 | $4.55 |
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Three-Month Periods Ended | |||||||||
May 3, 2014 | May 4, 2013 | ||||||||
Jewelry & Watches | $ | 68,904 | $ | 66,184 | |||||
Home & Consumer Electronics | 37,301 | 41,950 | |||||||
Beauty, Health & Fitness | 20,385 | 18,563 | |||||||
Fashion & Accessories | 19,279 | 12,797 | |||||||
All other (primarily shipping & handling revenue) | 13,832 | 11,860 | |||||||
Total | $ | 159,701 | $ | 151,354 |
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Weighted Average Life (Years) | May 3, 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% | 100% | |
Expected term (in years) | 5 years | 6 years | |
Risk-free interest rate | 1.5% | 1.1% - 1.2% |
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 | — | $ | — | 60,000 | $ | 5.47 | — | $ | — | — | $ | — | |||||||||||||||
Exercised | — | $ | — | — | $ | — | — | $ | — | — | $ | — | |||||||||||||||
Forfeited or canceled | — | $ | — | — | $ | — | — | $ | — | — | $ | — | |||||||||||||||
Balance outstanding, May 3, 2014 | 3,083,000 | $ | 4.03 | 2,164,000 | $ | 6.23 | 1,121,000 | $ | 6.05 | 500,000 | $ | 4.24 | |||||||||||||||
Options exercisable at May 3, 2014 | 1,286,000 | $ | 3.64 | 2,097,000 | $ | 6.19 | 1,121,000 | $ | 6.05 | 430,000 | $ | 4.28 |
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: | 3,083,000 | $ | 4.03 | 7.2 | $ | 2,736,000 | 2,585,000 | $ | 3.76 | 8.5 | $ | 2,683,000 | |||||||||||||
2004 Incentive: | 2,164,000 | $ | 6.23 | 4.8 | $ | 1,623,000 | 2,157,000 | $ | 6.22 | 4.8 | $ | 1,623,000 | |||||||||||||
2001 Incentive: | 1,121,000 | $ | 6.05 | 4.2 | $ | 878,000 | 1,121,000 | $ | 6.05 | 4.2 | $ | 878,000 | |||||||||||||
Non-Qualified: | 500,000 | $ | 4.24 | 6.2 | $ | 433,000 | 493,000 | $ | 4.24 | 6.2 | $ | 427,000 |
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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 | 57,000 | $5.50 | ||
Vested | — | $0.00 | ||
Forfeited | (15,000 | ) | $5.57 | |
Non-vested outstanding, May 3, 2014 | 683,000 | $4.55 |
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Three-Month Periods Ended | |||||||||
May 3, 2014 | May 4, 2013 | ||||||||
Jewelry & Watches | $ | 68,904 | $ | 66,184 | |||||
Home & Consumer Electronics | 37,301 | 41,950 | |||||||
Beauty, Health & Fitness | 20,385 | 18,563 | |||||||
Fashion & Accessories | 19,279 | 12,797 | |||||||
All other (primarily shipping & handling revenue) | 13,832 | 11,860 | |||||||
Total | $ | 159,701 | $ | 151,354 |
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