During the months ended and we recognized total share-based compensation expense of million and million, respectively. These amounts have been included in the consolidated statements of comprehensive income within selling, general and administrative expenses. As of million of total unrecognized compensation expense related to non-vested equity awards is expected to be recognized over a weighted average period of years. There was share-based compensation capitalized for the months ended or

 

At there were shares of common stock available for future issuance pursuant to the Ethan Allen Interiors Inc. Stock Incentive Plan. Stock options are granted with an exercise price equal to the market price of our common stock at the date of grant, vest ratably over a specified service period, and have a contractual term of years. Equity awards can also include performance vesting conditions. Company policy further requires an additional year holding period beyond the service vest date for certain executives. Grants to independent directors have a -year service vesting condition.

 

A summary of stock option activity during the months ended is presented below.

 

						Weighted
						Average
		Options				Exercise Price
Outstanding at June 30, 2019			378,911			$	21.95
Granted			34,188			$	17.55
Exercised			(1,500	)		$	11.74
Canceled (forfeited/expired)			(17,497	)		$	25.61
Outstanding at September 30, 2019			394,102			$	21.45
Exercisable at September 30, 2019			322,483			$	21.36

 

There were stock option awards granted to employees during each of the periods presented. Non-employee (independent) directors were granted stock options during the quarter of each fiscal year presented and valued using the Black-Scholes option pricing model with the following assumptions.

 

		Q1 2020				Q1 2019
Volatility			30.8	%			31.3	%
Risk-free rate of return			1.55	%			2.80	%
Dividend yield			3.97	%			3.24	%
Expected average life (years)			5.3				5.0

 

A summary of stock unit awards activity during the months ended is presented below.

 

		Units				Grant Date Fair Value
Outstanding at June 30, 2019			313,882			$	22.82
Granted			99,405			$	12.72
Vested			-			$	-
Canceled (forfeited/expired)			-			$	-
Outstanding at September 30, 2019			413,287			$	20.37

 

We estimate, as of the date of grant, the fair value of performance stock units with a discounted cash flow model, using as model inputs the risk-free rate of return as the discount rate, dividend yield for dividends paid during the restriction period, and a discount for lack of marketability for a -year post-vest holding period. The lack of marketability discount used is the present value of a future put option using a Monte-Carlo simulation. The weighted average assumptions used for the stock units granted during the quarter of fiscal and respectively, is presented below.

 

		Q1 2020				Q1 2019
Volatility			30.5	%			32.1	%
Risk-free rate of return			1.72	%			2.72	%
Dividend yield			3.97	%			3.24	%
Expected average life (years)			3.0				3.0

 

There was restricted stock award activity during fiscal As of there were restricted stock awards outstanding.