

Note 9	Share-Based Compensation

The Company recognized share-based compensation expense of $2.0 million and $1.4 million during the thirteen weeks and $3.7 million and $3.0 million during the twenty-six weeks ended August 1, 2015 and August 2, 2014, respectively.

The Company issued 20,163 and 62,117 shares of common stock during the thirteen weeks and 364,842 and 514,242 during the twenty-six weeks ended August 1, 2015 and August 2, 2014, respectively, for stock-based awards, stock options exercised and directors' fees.

The following tables summarize restricted stock activity for the periods ended August 1, 2015 and August 2, 2014:



	Thirteen Weeks Ended August 1, 2015					Thirteen Weeks Ended August 2, 2014
			Weighted- Average Grant Date Fair Value					Weighted- Average Grant Date Fair Value
	Total Number of Restricted Shares					Total Number of Restricted Shares
	Total Number of Restricted Shares					Total Number of Restricted Shares
May 2, 2015	1,462,416		$	18.57	May 3, 2014	1,652,258		$	15.58
Granted	8,000		31.67		Granted	8,800		28.02
Forfeited	(15,000	)	16.04		Forfeited	(27,600	)	15.73
Vested	(59,800	)	11.61		Vested	(34,988	)	16.67
August 1, 2015	1,395,616		$	18.97	August 2, 2014	1,598,470		$	15.60



	Twenty-six Weeks Ended August 1, 2015					Twenty-six Weeks Ended August 2, 2014
			Weighted- Average Grant Date Fair Value					Weighted- Average Grant Date Fair Value
	Total Number of Restricted Shares					Total Number of Restricted Shares
	Total Number of Restricted Shares					Total Number of Restricted Shares
January 31, 2015	1,562,470		$	15.61	February 1, 2014	1,700,098		$	13.25
Granted	293,421		30.11		Granted	279,710		28.17
Forfeited	(49,850	)	19.51		Forfeited	(27,600	)	15.73
Vested	(410,425	)	14.15		Vested	(353,738	)	14.25
August 1, 2015	1,395,616		$	18.97	August 2, 2014	1,598,470		$	15.60

All of the restricted shares granted during the thirteen weeks ended August 1, 2015 and August 2, 2014 will vest in four years. Of the 293,421 restricted shares granted during the twenty-six weeks ended August 1, 2015, 280,921 will vest in four years and 12,500 of the shares will vest in five years. Of the 279,710 restricted shares granted during the twenty-six weeks ended August 2, 2014, 277,910 will vest in four years and the remaining 1,800 restricted shares vested in one year. Share-based compensation expense is recognized on a straight-line basis over the respective vesting periods.

During the thirteen weeks ended August 1, 2015 and August 2, 2014, the Company granted no performance share awards. During the twenty-six weeks ended August 1, 2015 and August 2, 2014, the Company granted performance share awards for a targeted 177,921 shares and 88,185 units, respectively, with a weighted-average grant date fair value of $30.12 and $28.18, respectively. Vesting of performance-based awards is dependent upon the financial performance of the Company and the attainment of certain financial goals during the three year period following the grant. At the end of the vesting period, the employee will have earned an amount of shares or units between 0% and 200% of the targeted award, depending on the achievement of specified financial goals for the service period. Compensation expense is being recognized based on the fair value of the award and the anticipated number of units to be awarded in accordance with the vesting schedule of the units over the three-year service period. The performance share units are settled in cash and their fair value is based on the unadjusted quoted market price for the Company’s common stock on each measurement date.

During the thirteen and twenty-six weeks ended August 1, 2015, the Company granted zero and 16,667 stock options, respectively, with a weighted-average grant date fair value of $29.18. Of the 16,667 stock options granted, 8,333 will vest in four years and 8,334 will vest in five years.

The following tables summarize restricted stock unit (RSU) activity for the periods ended August 1, 2015 and August 2, 2014:



	Thirteen Weeks Ended August 1, 2015				Thirteen Weeks Ended August 2, 2014
		Weighted- Average Grant Date Fair Value				Weighted- Average Grant Date Fair Value
	Total Number of RSUs				Total Number of RSUs
	Total Number of RSUs				Total Number of RSUs
May 2, 2015	331,698	$	30.51	May 3, 2014	347,216	$	23.96
Granted ⁽¹⁾	36,740	31.68		Granted ⁽¹⁾	39,476	28.73
August 1, 2015	368,438	$	31.44	August 2, 2014	386,692	$	40.88



	Twenty-six Weeks Ended August 1, 2015				Twenty-six Weeks Ended August 2, 2014
		Weighted- Average Grant Date Fair Value				Weighted- Average Grant Date Fair Value
	Total Number of RSUs				Total Number of RSUs
	Total Number of RSUs				Total Number of RSUs
January 31, 2015	330,994	$	28.72	February 1, 2014	346,305	$	21.30
Granted ⁽¹⁾	37,444	31.69		Granted ⁽¹⁾	40,387	28.68
August 1, 2015	368,438	$	31.21	August 2, 2014	386,692	$	26.43


(1)	Granted RSUs include 740 RSUs and 911 RSUs for the thirteen weeks and 1,444 RSUs and 1,687 RSUs for the twenty-six weeks ended August 1, 2015 and August 2, 2014, respectively, resulting from dividend equivalents paid on outstanding RSUs, which vested immediately.