XML 34 R21.htm IDEA: XBRL DOCUMENT v3.4.0.3
Employee Benefit Plans
3 Months Ended
Mar. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
Employee Benefit Plans
Employee Benefit Plans
Mattel and certain of its subsidiaries have qualified and nonqualified retirement plans covering substantially all employees of these companies, which are more fully described in Part II, Item 8 “Financial Statements and Supplementary Data—Note 4 to the Consolidated Financial Statements–Employee Benefit Plans” in its 2015 Annual Report on Form 10-K.
A summary of the components of net periodic benefit cost for Mattel’s defined benefit pension plans is as follows:
 
For the Three Months Ended
 
March 31,
2016
 
March 31,
2015
 
(In thousands)
Service cost
$
1,422

 
$
2,178

Interest cost
6,141

 
6,272

Expected return on plan assets
(6,473
)
 
(7,633
)
Amortization of prior service cost (credit)
8

 
(264
)
Recognized actuarial loss
1,836

 
4,892

 
$
2,934

 
$
5,445


A summary of the components of net periodic benefit cost for Mattel’s postretirement benefit plans is as follows:
 
For the Three Months Ended
 
March 31,
2016
 
March 31,
2015
 
(In thousands)
Service cost
$
13

 
$
21

Interest cost
286

 
313

Recognized actuarial loss
37

 
39

 
$
336

 
$
373


During the three months ended March 31, 2016, Mattel made cash contributions totaling approximately $5 million and $1 million related to its defined benefit pension and postretirement benefit plans, respectively. During the remainder of 2016, Mattel expects to make additional cash contributions of approximately $10 million.