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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2015
Income Tax Disclosure [Abstract] |
Pre-tax Income | Consolidated pre-tax income consists of the following:
| For the Year
| 2015 |  | 2014 |  | 2013
| (In thousands)
US operations | $ | (3,435 | ) |  | $ | 39,149 |  |  | $ | 231,372 |
Foreign operations | 467,350 |  |  | 547,761 |  |  | 867,756 |
| $ | 463,915 |  |  | $ | 586,910 |  |  | $ | 1,099,128 |
Provision (Benefit) for Current and Deferred Income Taxes | The provision (benefit) for current and deferred income taxes consists of the following:
| For the Year
| 2015 |  | 2014 |  | 2013
| (In thousands)
Current |  |  |  |  |
Federal | $ | (1,405 | ) |  | $ | (25,075 | ) |  | $ | 38,227 |
State | 1,946 |  |  | (2,029 | ) |  | 6,447 |
Foreign | 89,825 |  |  | 106,998 |  |  | 130,878 |
| 90,366 |  |  | 79,894 |  |  | 175,552 |
Deferred |  |  |  |  |
Federal | (3,802 | ) |  | 21,987 |  |  | 30,342 |
State | (2,200 | ) |  | 8,233 |  |  | (512 | )
Foreign | 10,135 |  |  | (22,078 | ) |  | (10,198 | )
| 4,133 |  |  | 8,142 |  |  | 19,632 |
Provision for income taxes | $ | 94,499 |  |  | $ | 88,036 |  |  | $ | 195,184 |
Deferred Income Tax Assets (Liabilities) | Deferred income taxes are provided principally for tax credit carryforwards, research and development expenses, net operating loss carryforwards, employee compensation-related expenses, and certain other reserves that are recognized in different years for financial statement and income tax reporting purposes. Mattel’s deferred income tax assets (liabilities) are composed of the following:
| December 31,
| 2015 |  | 2014
| (In thousands)
Allowances and reserves | $ | 211,538 |  |  | $ | 233,434 |
Research and development expenses | 191,057 |  |  | 189,694 |
Loss carryforwards | 150,270 |  |  | 172,347 |
Deferred compensation | 98,832 |  |  | 91,530 |
Tax credit carryforwards | 50,309 |  |  | 54,674 |
Postretirement benefits | 48,648 |  |  | 50,235 |
Intangible assets | 14,035 |  |  | 30,803 |
Other | 71,453 |  |  | 68,604 |
Gross deferred income tax assets | 836,142 |  |  | 891,321 |
Intangible assets | (305,818 | ) |  | (298,444 | )
Other | (2,905 | ) |  | (3,868 | )
Gross deferred income tax liabilities | (308,723 | ) |  | (302,312 | )
Deferred income tax asset valuation allowances | (77,334 | ) |  | (133,297 | )
Net deferred income tax assets | $ | 450,085 |  |  | $ | 455,712 |
Balance Sheet Classification of Deferred Income Tax Assets (Liabilities) | Net deferred income tax assets are reported in the consolidated balance sheets as follows:
| December 31,
| 2015 |  | 2014
| (In thousands)
Prepaid expenses and other current assets | $ | 195,804 |  |  | $ | 195,841 |
Other noncurrent assets | 317,391 |  |  | 385,434 |
Accrued liabilities | (43 | ) |  | (181 | )
Other noncurrent liabilities | (63,067 | ) |  | (125,382 | )
| $ | 450,085 |  |  | $ | 455,712 |
Expiration of Loss and Tax Credit Carryforwards | Mattel’s loss and tax credit carryforwards expire in the following periods:
| Loss Carryforwards |  | Tax Credit Carryforwards
| (In thousands)
2016 – 2020 | $ | 76,686 |  |  | $ | 684 |
Thereafter | 316,722 |  |  | 45,682 |
No expiration date | 247,200 |  |  | 3,943 |
Total | $ | 640,608 |  |  | $ | 50,309 |
Reconciliation of Provision for Income Taxes at US Federal Statutory Rate to Provision in Statements of Operations | Differences between the provision for income taxes at the US federal statutory income tax rate and the provision in the consolidated statements of operations are as follows:
| For the Year
| 2015 |  | 2014 |  | 2013
| (In thousands)
Provision at US federal statutory rate | $ | 162,370 |  |  | $ | 205,419 |  |  | $ | 384,695 |
(Decrease) increase resulting from: |  |  |  |  |
Foreign earnings taxed at different rates, including withholding taxes | (56,877 | ) |  | (107,409 | ) |  | (165,768 | )
Foreign losses without income tax benefit | 5,843 |  |  | 20,140 |  |  | 3,215 |
State and local taxes, net of US federal benefit | 482 |  |  | 3,760 |  |  | 4,854 |
Adjustments to previously accrued taxes | (19,134 | ) |  | (55,026 | ) |  | (32,200 | )
Tax restructuring | — |  |  | 12,400 |  |  | — |
Other | 1,815 |  |  | 8,752 |  |  | 388 |
Provision for income taxes | $ | 94,499 |  |  | $ | 88,036 |  |  | $ | 195,184 |
Reconciliation of Unrecognized Tax Benefits | A reconciliation of unrecognized tax benefits is as follows:
| For the Year
| 2015 |  | 2014 |  | 2013
| (In thousands)
Unrecognized tax benefits at January 1 | $ | 100,357 |  |  | $ | 111,370 |  |  | $ | 285,560 |
Increases for positions taken in current year | 5,724 |  |  | 9,886 |  |  | 12,997 |
Increases for positions taken in a prior year | 22,584 |  |  | 53,221 |  |  | 14,289 |
Decreases for positions taken in a prior year | (4,242 | ) |  | (51,421 | ) |  | (186,555 | )
Decreases for settlements with taxing authorities | (3,577 | ) |  | (9,493 | ) |  | (5,135 | )
Decreases for lapses in the applicable statute of limitations | (2,747 | ) |  | (13,206 | ) |  | (9,786 | )
Unrecognized tax benefits at December 31 | $ | 118,099 |  |  | $ | 100,357 |  |  | $ | 111,370 |

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