12. Share-Based Compensation Plans

For a discussion of our share-based compensation plans, please see Note 13 in our Annual Report on Form 10-K for the fiscal year ended February 3, 2018.

Non-Vested Deferred Stock Units and Performance Units

The following table summarizes the activity of time-based and performance-based awards (collectively, "DSUs") for the six months ended August 4, 2018:


			Weighted-Average
	Units		Grant-Date Fair Value
	Time-	Performance-	Time-		Performance-
	Based	Based	Based		Based
Non-Vested at February 3, 2018	1,014,689	993,631	$	18.13	$	19.55
Granted	485,715	242,509		28.42		28.54
Vested(1)	(497,676)	(131,074)		21.14		23.45
Forfeited	(61,799)	(90,604)		19.04		47.46
Non-Vested at August 4, 2018	940,929	1,014,462	$	21.79	$	18.70

⁽¹⁾

Includes 224,497 shares relinquished for tax payments related to vested DSUs for the six months ended August 4, 2018.

As of August 4, 2018, we have unrecognized compensation expense related to non-vested DSUs of $28.6 million, which is expected to be recognized over a weighted-average period of 1.8 years.

Stock Options

The following table summarizes the activity of stock options for the six months ended August 4, 2018:


		Weighted-
	Number of	Average
	Shares	Exercise Price
Outstanding at February 3, 2018	1,527,176	$	21.97
Granted	208,769		28.53
Exercised	(144,583)		22.60
Forfeited	(44,703)		14.44
Expired	(8,087)		49.18
Outstanding at August 4, 2018	1,538,572	$	22.87
Exercisable at August 4, 2018	801,720	$	27.78

The weighted-average grant date fair value of the 208,769 stock options granted during the six months ended August 4, 2018 was $10.31 per share. The following table summarizes the weighted-average assumptions used to fair value the stock options at the date of grant using the Black-Scholes option model for the six months ended August 4, 2018:


		For the Six Months Ended
		August 4,
		2018
Risk-free interest rate		2.67%
Expected lives		5.0 years
Dividend yield		4.35%
Expected volatility		56.35%

As of August 4, 2018, we have unrecognized compensation expense related to non-vested stock options of $3.7 million, which is expected to be recognized over a weighted-average period of 1.5 years.

Cash Settled Awards

During 2017, we granted stock-based awards to certain employees, which vest over a period of three years, and will be settled in cash ("cash settled awards"). The fair value of the cash settled awards at each reporting period is based on the price of our common stock and includes a market condition. The fair value of the cash settled awards will be remeasured at each reporting period until the awards are settled. Cash settled awards are classified as liabilities in the condensed consolidated balance sheets. At August 4, 2018, the liability associated with the cash settled awards was $3.2 million with $2.1 million recorded in accrued expenses and other current liabilities and $1.1 million recorded in other liabilities in the condensed consolidated balance sheets.

The following table summarizes the activity of cash settled awards for the six months ended August 4, 2018 (in thousands):


	Cash Settled Awards
Non-Vested at February 3, 2018	$	8,353
Granted		—
Vested		(2,613)
Forfeited		(304)
Non-Vested at August 4, 2018	$	5,436

As of August 4, 2018, we have unrecognized compensation expense related to non-vested cash settled awards of $3.2 million, which is expected to be recognized over a weighted-average period of 1.4 years.

Share-Based Compensation Expense

Share-based compensation expense, including cash settled awards, recognized for the three and six months ended August 4, 2018 was $5.5 million and $11.9 million, respectively. Share-based compensation expense recognized for the three and six months ended July 29, 2017 was $4.2 million and $9.0 million, respectively.