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Stock Options, Stock Appreciation Rights And Restricted Shares
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3 Months Ended |
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Apr. 28, 2012
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| Stock Options, Stock Appreciation Rights And Restricted Shares [Abstract] | |
| Stock Options, Stock Appreciation Rights And Restricted Shares | 15. STOCK OPTIONS, STOCK APPRECIATION RIGHTS AND RESTRICTED SHARES During the three months ended April 28, 2012, the Company granted an aggregate of 327,198 SARs, to be settled in shares of common stock to certain key employees. The SARs have an exercise price of $18.19, generally vest over a three-year period and have a seven-year term. The total fair value of the SARs, based on the Black-Scholes Option Pricing Model, amounted to approximately $3.4 million, which will be recorded as compensation expense on a straight-line basis over the vesting period of each SAR.
During the three months ended April 28, 2012, the Company granted performance based restricted stock to certain key employees pursuant to the Company's 2005 Long Term Incentive Compensation Plan, as amended and restated, and subject to certain conditions in the grant agreement. Such stock generally vests 100% in May 2015, provided that each employee is still an employee of the Company on such date, and the Company has met certain performance criteria. A total of 83,817 shares of restricted stock were issued at an estimated value of $1.5 million, which will be recorded as compensation expense on a straight-line basis over the vesting period. Also, during the three months ended April 28, 2012, the Company granted an aggregate of 5,500 shares of restricted stock to certain key employees, which vest over a two-year period at an estimated value of $0.1 million. This value will be recorded as compensation expense on a straight-line basis over the vesting period of the restricted stock. |

