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Share-Based Payments | 3 Months Ended
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Mar. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Share-Based Payments | Share-Based Payments Mattel has various stock compensation plans, which are described in Part II, Item 8 "Financial Statements and Supplementary Data—Note 9 to the Consolidated Financial Statements—Share-Based Payments" in the 2023 Annual Report on Form 10-K. Under the Mattel, Inc. Amended and Restated 2010 Equity and Long-Term Compensation Plan, Mattel has the ability to grant nonqualified stock options, incentive stock options, stock appreciation rights, restricted stock, restricted stock units ("RSUs"), performance RSUs ("performance awards"), dividend equivalent rights, and shares of common stock to officers, employees, non-employee directors, and consultants 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. Stock options, RSUs, and performance awards generally provide for vesting over, or at the end of, a period of three years from the date of grant. Compensation expense, included within other selling and administrative expenses in the consolidated statements of operations, related to stock options, RSUs, and performance awards was as follows:
| For the Three Months Ended |  |
| March 31, 2024 |  | March 31, 2023 |  |  |  |
| (In thousands)
Stock option compensation expense | $ | 1,046 |  |  | $ | 2,818 |  |  |  |  |
RSU compensation expense | 12,248 |  |  | 10,117 |  |  |  |  |
Performance award compensation expense | 4,635 |  |  | 4,008 |  |  |  |  |
| $ | 17,929 |  |  | $ | 16,943 |  |  |  |  |
As of March 31, 2024, total unrecognized compensation expense related to unvested share-based payments totaled $88.1 million and is expected to be recognized over a weighted-average period of 1.7 years. Mattel uses treasury shares purchased under its share repurchase program to satisfy stock option exercises and the vesting of RSUs and performance awards. Cash received for stock option exercises, net of taxes, was $4.3 million and $2.0 million for the three months ended March 31, 2024 and 2023, respectively.

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