XML 53 R40.htm IDEA: XBRL DOCUMENT v2.4.1.9

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2015

Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

Mattel’s financial assets and liabilities measured and reported at fair value on a recurring basis include the following:

		March 31, 2015
		Level 1				Level 2				Level 3				Total
		(In thousands)
Assets:
Foreign currency forward exchange contracts (a)		$	—			$	53,869			$	—			$	53,869
Auction rate security (b)			—				—				31,587				31,587
Total assets		$	—			$	53,869			$	31,587			$	85,456
Liabilities:
Foreign currency forward exchange contracts (a)		$	—			$	18,420			$	—			$	18,420
		March 31, 2014
		Level 1				Level 2				Level 3				Total
		(In thousands)
Assets:
Foreign currency forward exchange contracts (a)		$	—			$	6,710			$	—			$	6,710
Auction rate security (b)			—				—				29,988				29,988
Total assets		$	—			$	6,710			$	29,988			$	36,698
Liabilities:
Foreign currency forward exchange contracts (a)		$	—			$	18,227			$	—			$	18,227
		December 31, 2014
		Level 1				Level 2				Level 3				Total
		(In thousands)
Assets:
Foreign currency forward exchange contracts (a)		$	—			$	33,743			$	—			$	33,743
Auction rate security (b)			—				—				30,960				30,960
Total assets		$	—			$	33,743			$	30,960			$	64,703
Liabilities:
Foreign currency forward exchange contracts (a)		$	—			$	13,398			$	—			$	13,398

(a) The fair value of the foreign currency forward exchange contracts is based on dealer quotes of market forward rates and reflects the amount that Mattel would receive or pay at their maturity dates for contracts involving the same notional amounts, currencies, and maturity dates.

(b) The fair value of the auction rate security is estimated using a discounted cash flow model based on (i) estimated interest rates, timing, and amount of cash flows, (ii) credit spreads, recovery rates, and credit quality of the underlying securities, (iii) illiquidity considerations, and (iv) market correlation.

Reconciliation of Fair Value of Asset Measured Using Level 3 Inputs

The following table presents information about Mattel’s auction rate security measured and reported at fair value on a recurring basis using significant Level 3 inputs:

		Level 3
		(In thousands)
Balance as of December 31, 2014		$	30,960
Unrealized gain			627
Balance as of March 31, 2015		$	31,587

X

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258

+ Details

Name:	us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration