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Weighted Average Life (Years) | August 3, 2013 | February 2, 2013 | |||||||||||||||
Gross Carrying Amount | Accumulated Amortization | Gross Carrying Amount | Accumulated Amortization | ||||||||||||||
Finite-lived intangible assets: | |||||||||||||||||
NBCU trademark license - second renewal | 1.7 | $ | 6,830,000 | $ | (4,832,000 | ) | $ | 6,830,000 | $ | (2,833,000 | ) | ||||||
Indefinite-lived intangible assets: | |||||||||||||||||
FCC broadcast license | $ | 12,000,000 | $ | 12,000,000 |
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Fiscal 2013 | Fiscal 2012 | ||
Expected volatility | 100% | 97% | |
Expected term (in years) | 6 years | 6 years | |
Risk-free interest rate | 1.1% - 1.8% | 1.0% - 1.1% |
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 2, 2013 | 2,500,000 | $ | 3.73 | 2,098,000 | $ | 6.23 | 1,169,000 | $ | 5.88 | 525,000 | $ | 4.12 | |||||||||||||||
Granted | 120,000 | $ | 3.61 | 50,000 | $ | 3.73 | — | $ | — | — | $ | — | |||||||||||||||
Exercised | — | $ | — | (10,000 | ) | $ | 2.36 | (10,000 | ) | $ | 2.36 | (17,000 | ) | $ | 1.69 | ||||||||||||
Forfeited or canceled | — | $ | — | (2,000 | ) | $ | 11.41 | (7,000 | ) | $ | 1.67 | — | $ | — | |||||||||||||
Balance outstanding, August 3, 2013 | 2,620,000 | $ | 3.75 | 2,136,000 | $ | 6.19 | 1,152,000 | $ | 5.94 | 508,000 | $ | 4.20 | |||||||||||||||
Options exercisable at August 3, 2013 | 83,000 | $ | 2.23 | 2,069,000 | $ | 6.14 | 1,152,000 | $ | 5.94 | 388,000 | $ | 4.15 |
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: | 2,620,000 | $ | 3.75 | 9.3 | $ | 6,087,000 | 2,579,000 | $ | 3.76 | 9.3 | $ | 5,950,000 | |||||||||||||
2004 Incentive: | 2,136,000 | $ | 6.19 | 5.4 | $ | 2,822,000 | 2,129,000 | $ | 6.18 | 5.4 | $ | 2,822,000 | |||||||||||||
2001 Incentive: | 1,152,000 | $ | 5.94 | 5.0 | $ | 1,538,000 | 1,152,000 | $ | 5.94 | 5.0 | $ | 1,538,000 | |||||||||||||
Non-Qualified: | 508,000 | $ | 4.20 | 6.9 | $ | 977,000 | 496,000 | $ | 4.19 | 6.9 | $ | 955,000 |
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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 3, 2013 | 772,000 | $3.00 | ||
Granted | 44,000 | $5.15 | ||
Vested | (278,000 | ) | $5.52 | |
Forfeited | (13,000 | ) | $2.09 | |
Non-vested outstanding, August 3, 2013 | 525,000 | $1.87 |
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Three-Month Periods Ended | Six-Month Periods Ended | |||||||||||||||
August 3, 2013 | July 28, 2012 | August 3, 2013 | July 28, 2012 | |||||||||||||
Jewelry & Watches | $ | 65,083 | $ | 68,842 | $ | 131,267 | $ | 140,413 | ||||||||
Home & Consumer Electronics | 38,026 | 32,123 | 79,976 | 59,726 | ||||||||||||
Beauty, Health & Fitness | 16,573 | 16,391 | 35,136 | 34,450 | ||||||||||||
Fashion & Accessories | 15,629 | 9,673 | 28,426 | 19,801 | ||||||||||||
All other (primarily shipping & handling revenue) | 13,253 | 8,150 | 25,113 | 17,338 | ||||||||||||
Total | $ | 148,564 | $ | 135,179 | $ | 299,918 | $ | 271,728 |
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Weighted Average Life (Years) | August 3, 2013 | February 2, 2013 | |||||||||||||||
Gross Carrying Amount | Accumulated Amortization | Gross Carrying Amount | Accumulated Amortization | ||||||||||||||
Finite-lived intangible assets: | |||||||||||||||||
NBCU trademark license - second renewal | 1.7 | $ | 6,830,000 | $ | (4,832,000 | ) | $ | 6,830,000 | $ | (2,833,000 | ) | ||||||
Indefinite-lived intangible assets: | |||||||||||||||||
FCC broadcast license | $ | 12,000,000 | $ | 12,000,000 |
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Fiscal 2013 | Fiscal 2012 | ||
Expected volatility | 100% | 97% | |
Expected term (in years) | 6 years | 6 years | |
Risk-free interest rate | 1.1% - 1.8% | 1.0% - 1.1% |
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 2, 2013 | 2,500,000 | $ | 3.73 | 2,098,000 | $ | 6.23 | 1,169,000 | $ | 5.88 | 525,000 | $ | 4.12 | |||||||||||||||
Granted | 120,000 | $ | 3.61 | 50,000 | $ | 3.73 | — | $ | — | — | $ | — | |||||||||||||||
Exercised | — | $ | — | (10,000 | ) | $ | 2.36 | (10,000 | ) | $ | 2.36 | (17,000 | ) | $ | 1.69 | ||||||||||||
Forfeited or canceled | — | $ | — | (2,000 | ) | $ | 11.41 | (7,000 | ) | $ | 1.67 | — | $ | — | |||||||||||||
Balance outstanding, August 3, 2013 | 2,620,000 | $ | 3.75 | 2,136,000 | $ | 6.19 | 1,152,000 | $ | 5.94 | 508,000 | $ | 4.20 | |||||||||||||||
Options exercisable at August 3, 2013 | 83,000 | $ | 2.23 | 2,069,000 | $ | 6.14 | 1,152,000 | $ | 5.94 | 388,000 | $ | 4.15 |
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: | 2,620,000 | $ | 3.75 | 9.3 | $ | 6,087,000 | 2,579,000 | $ | 3.76 | 9.3 | $ | 5,950,000 | |||||||||||||
2004 Incentive: | 2,136,000 | $ | 6.19 | 5.4 | $ | 2,822,000 | 2,129,000 | $ | 6.18 | 5.4 | $ | 2,822,000 | |||||||||||||
2001 Incentive: | 1,152,000 | $ | 5.94 | 5.0 | $ | 1,538,000 | 1,152,000 | $ | 5.94 | 5.0 | $ | 1,538,000 | |||||||||||||
Non-Qualified: | 508,000 | $ | 4.20 | 6.9 | $ | 977,000 | 496,000 | $ | 4.19 | 6.9 | $ | 955,000 |
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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 3, 2013 | 772,000 | $3.00 | ||
Granted | 44,000 | $5.15 | ||
Vested | (278,000 | ) | $5.52 | |
Forfeited | (13,000 | ) | $2.09 | |
Non-vested outstanding, August 3, 2013 | 525,000 | $1.87 |
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Three-Month Periods Ended | Six-Month Periods Ended | |||||||||||||||
August 3, 2013 | July 28, 2012 | August 3, 2013 | July 28, 2012 | |||||||||||||
Jewelry & Watches | $ | 65,083 | $ | 68,842 | $ | 131,267 | $ | 140,413 | ||||||||
Home & Consumer Electronics | 38,026 | 32,123 | 79,976 | 59,726 | ||||||||||||
Beauty, Health & Fitness | 16,573 | 16,391 | 35,136 | 34,450 | ||||||||||||
Fashion & Accessories | 15,629 | 9,673 | 28,426 | 19,801 | ||||||||||||
All other (primarily shipping & handling revenue) | 13,253 | 8,150 | 25,113 | 17,338 | ||||||||||||
Total | $ | 148,564 | $ | 135,179 | $ | 299,918 | $ | 271,728 |
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