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Weighted Average Life (Years) | November 1, 2014 | February 1, 2014 | |||||||||||
Gross Carrying Amount | Accumulated Amortization | Gross Carrying Amount | Accumulated Amortization | ||||||||||
Indefinite-lived intangible assets: | |||||||||||||
FCC broadcast license | Indefinite Life | $ | 12,000,000 | $ | 12,000,000 |
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Fiscal 2014 | Fiscal 2013 | ||
Expected volatility | 93% - 98% | 98% - 100% | |
Expected term (in years) | 5 - 6 years | 5 - 6 years | |
Risk-free interest rate | 1.5% - 2.2% | 1.1% - 2.1% |
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 | 170,000 | $ | 4.14 | 107,000 | $ | 5.66 | — | $ | — | — | $ | — | |||||||||||||||
Exercised | (159,000 | ) | $ | 2.56 | (663,000 | ) | $ | 2.49 | (260,000 | ) | $ | 2.34 | (50,000 | ) | $ | 1.82 | |||||||||||
Forfeited or canceled | (511,000 | ) | $ | 4.17 | (324,000 | ) | $ | 11.73 | (34,000 | ) | $ | 13.74 | — | $ | — | ||||||||||||
Balance outstanding, November 1, 2014 | 2,583,000 | $ | 4.44 | 1,224,000 | $ | 6.78 | 827,000 | $ | 6.90 | 450,000 | $ | 4.51 | |||||||||||||||
Options exercisable at November 1, 2014 | 1,416,000 | $ | 4.09 | 1,197,000 | $ | 6.83 | 827,000 | $ | 6.90 | 380,000 | $ | 4.60 |
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: | 2,583,000 | $ | 4.44 | 8.3 | $ | 3,882,000 | 2,538,000 | $ | 4.15 | 8.3 | $ | 3,834,000 | |||||||||||||
2004 Incentive: | 1,224,000 | $ | 6.78 | 4.8 | $ | 282,000 | 1,221,000 | $ | 6.74 | 4.8 | $ | 279,000 | |||||||||||||
2001 Incentive: | 827,000 | $ | 6.90 | 3.8 | $ | 359,000 | 827,000 | $ | 6.90 | 3.8 | $ | 359,000 | |||||||||||||
Non-Qualified: | 450,000 | $ | 4.51 | 5.6 | $ | 585,000 | 443,000 | $ | 4.52 | 5.6 | $ | 573,000 |
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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 | (95,000 | ) | $4.27 | |
Non-vested outstanding, November 1, 2014 | 555,000 | $4.56 |
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Three-Month Periods Ended | Nine-Month Periods Ended | |||||||||||||||
November 1, 2014 | November 2, 2013 | November 1, 2014 | November 2, 2013 | |||||||||||||
Jewelry & Watches | $ | 57,013 | $ | 58,868 | $ | 187,128 | $ | 190,135 | ||||||||
Home & Consumer Electronics | 40,496 | 39,485 | 111,847 | 119,460 | ||||||||||||
Beauty, Health & Fitness | 20,674 | 18,919 | 62,151 | 54,056 | ||||||||||||
Fashion & Accessories | 25,372 | 16,355 | 70,261 | 44,781 | ||||||||||||
All other (primarily shipping & handling revenue) | 13,551 | 13,691 | 42,007 | 38,804 | ||||||||||||
Total | $ | 157,106 | $ | 147,318 | $ | 473,394 | $ | 447,236 |
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Weighted Average Life (Years) | November 1, 2014 | February 1, 2014 | |||||||||||
Gross Carrying Amount | Accumulated Amortization | Gross Carrying Amount | Accumulated Amortization | ||||||||||
Indefinite-lived intangible assets: | |||||||||||||
FCC broadcast license | Indefinite Life | $ | 12,000,000 | $ | 12,000,000 |
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Fiscal 2014 | Fiscal 2013 | ||
Expected volatility | 93% - 98% | 98% - 100% | |
Expected term (in years) | 5 - 6 years | 5 - 6 years | |
Risk-free interest rate | 1.5% - 2.2% | 1.1% - 2.1% |
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 | 170,000 | $ | 4.14 | 107,000 | $ | 5.66 | — | $ | — | — | $ | — | |||||||||||||||
Exercised | (159,000 | ) | $ | 2.56 | (663,000 | ) | $ | 2.49 | (260,000 | ) | $ | 2.34 | (50,000 | ) | $ | 1.82 | |||||||||||
Forfeited or canceled | (511,000 | ) | $ | 4.17 | (324,000 | ) | $ | 11.73 | (34,000 | ) | $ | 13.74 | — | $ | — | ||||||||||||
Balance outstanding, November 1, 2014 | 2,583,000 | $ | 4.44 | 1,224,000 | $ | 6.78 | 827,000 | $ | 6.90 | 450,000 | $ | 4.51 | |||||||||||||||
Options exercisable at November 1, 2014 | 1,416,000 | $ | 4.09 | 1,197,000 | $ | 6.83 | 827,000 | $ | 6.90 | 380,000 | $ | 4.60 |
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: | 2,583,000 | $ | 4.44 | 8.3 | $ | 3,882,000 | 2,538,000 | $ | 4.15 | 8.3 | $ | 3,834,000 | |||||||||||||
2004 Incentive: | 1,224,000 | $ | 6.78 | 4.8 | $ | 282,000 | 1,221,000 | $ | 6.74 | 4.8 | $ | 279,000 | |||||||||||||
2001 Incentive: | 827,000 | $ | 6.90 | 3.8 | $ | 359,000 | 827,000 | $ | 6.90 | 3.8 | $ | 359,000 | |||||||||||||
Non-Qualified: | 450,000 | $ | 4.51 | 5.6 | $ | 585,000 | 443,000 | $ | 4.52 | 5.6 | $ | 573,000 |
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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 | (95,000 | ) | $4.27 | |
Non-vested outstanding, November 1, 2014 | 555,000 | $4.56 |
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Three-Month Periods Ended | Nine-Month Periods Ended | |||||||||||||||
November 1, 2014 | November 2, 2013 | November 1, 2014 | November 2, 2013 | |||||||||||||
Jewelry & Watches | $ | 57,013 | $ | 58,868 | $ | 187,128 | $ | 190,135 | ||||||||
Home & Consumer Electronics | 40,496 | 39,485 | 111,847 | 119,460 | ||||||||||||
Beauty, Health & Fitness | 20,674 | 18,919 | 62,151 | 54,056 | ||||||||||||
Fashion & Accessories | 25,372 | 16,355 | 70,261 | 44,781 | ||||||||||||
All other (primarily shipping & handling revenue) | 13,551 | 13,691 | 42,007 | 38,804 | ||||||||||||
Total | $ | 157,106 | $ | 147,318 | $ | 473,394 | $ | 447,236 |
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