|6 Months Ended|
Jun. 30, 2015
K. SHARE-BASED COMPENSATION
Prior to the Separation, our employees participated in the Masco share-based compensation program and received restricted stock awards and stock options. Effective July 1, 2015, our employees participate in the TopBuild Long-Term Incentive Plan. For the three and six months ended June 30, 2015 and 2014, share-based compensation expense has been allocated to TopBuild based on the awards and options previously granted to TopBuild employees. Outstanding unvested Masco stock options and restricted stock held by employees of TopBuild as of June 30, 2015 were forfeited upon the Separation from Masco and replaced with TopBuild long-term incentive awards of generally equivalent value.
Included in selling, general and administrative expenses is share-based compensation expense of $0.9 million and $1.0 million for the three months ended June 30, 2015 and 2014, respectively. For the six-month period ended June 30, 2015 and 2014, share-based compensation was $1.7 million and $2.0 million, respectively.
The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.
Reference 1: http://www.xbrl.org/2003/role/presentationRef