Mattel 2014 Annual Report Download - page 97

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The following is a summary of RSU information and weighted average grant date fair values for Mattel’s
RSUs, excluding Performance RSUs:
2014 2013 2012
Shares
Weighted
Average
Grant Date
Fair Value Shares
Weighted
Average
Grant Date
Fair Value Shares
Weighted
Average
Grant Date
Fair Value
(In thousands, except weighted average grant date fair value)
Unvested at January 1 ..................... 3,036 $34.94 3,505 $28.24 3,732 $22.53
Granted ............................ 1,786 34.83 1,116 42.82 1,417 34.43
Vested ............................. (1,426) 29.77 (1,337) 24.53 (1,479) 19.96
Forfeited ........................... (223) 36.27 (248) 31.82 (165) 26.47
Unvested at December 31 .................. 3,173 $37.10 3,036 $34.94 3,505 $28.24
At December 31, 2014, RSUs expected to vest totaled 3.1 million shares, with a weighted average grant date
fair value of $36.69. The total grant date fair value of RSUs vested during 2014, 2013, and 2012 was $42.5
million, $32.8 million, and $29.5 million, respectively.
No compensation expense, or related income tax benefit, was recognized during 2014 for Performance
RSUs granted in connection with its January 1, 2014–December 31, 2016 LTIP performance cycle, as Mattel did
not achieve its targeted annual performance results, which is more fully described in “Note 4 to the Consolidated
Financial Statements—Employee Benefit Plans.” Mattel recognized compensation expense of $11.4 million and
$14.2 million during 2013 and 2012, respectively, for Performance RSUs granted in connection with its
January 1, 2011–December 31, 2013 LTIP performance cycle, also more fully described in “Note 4 to the
Consolidated Financial Statements—Employee Benefit Plans.” Income tax benefits related to Performance RSU
compensation expense recognized in the consolidated statements of operations during 2013 and 2012 totaled $4.2
million and $5.2 million, respectively.
Note 8—Earnings Per Share
Unvested share-based payment awards that contain nonforfeitable rights to dividends or dividend
equivalents (whether paid or unpaid) are participating securities and are included in the computation of earnings
per share pursuant to the two-class method. Certain of Mattel’s RSUs are considered participating securities
because they contain nonforfeitable rights to dividend equivalents.
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