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Share-Based Payments
 3 Months Ended
Mar. 31, 2015
Share-Based Payments
16. Share-Based Payments

Mattel has various stock compensation plans, which are more fully described in Part II, Item 8 “Financial Statements and Supplementary Data–Note 7 to the Consolidated Financial Statements–Share-Based Payments” in its 2014 Annual Report on Form 10-K. Under the Mattel, Inc. 2010 Equity and Long-Term Compensation Plan, Mattel has the ability to grant nonqualified stock options, incentive stock options, stock appreciation rights, restricted stock, RSUs, performance awards, dividend equivalent rights, and shares of common stock to officers, employees, and other persons providing services to Mattel. Stock options are granted with exercise prices at the fair market value of Mattel’s common stock on the applicable grant date and expire no later than ten years from the date of grant. Both stock options and time-vesting RSUs generally provide for vesting over a period of three years from the date of grant.

Compensation expense, included within other selling and administrative expenses in the consolidated statement of operations, related to stock options and RSUs is as follows:

 

          For the Three Months Ended  
          March 31,
2015		        March 31,
2014		  
          (In thousands)  

Stock option compensation expense

       $ 2,799         $ 2,560   

RSU compensation expense

         8,804           10,133   
     

 

 

       

 

 

  
$ 11,603    $ 12,693   
     

 

 

       

 

 

  

As of March 31, 2015, total unrecognized compensation cost related to unvested share-based payments totaled $73.3 million and is expected to be recognized over a weighted-average period of 1.9 years.

Mattel uses treasury shares purchased under its share repurchase program to satisfy stock option exercises and the vesting of RSUs. Cash received for stock option exercises for the three months ended March 31, 2015 and 2014 was $2.4 million and $5.1 million, respectively.