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Segment Information
 3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Segment Information
Segment Information
Mattel, through its subsidiaries, sells a broad variety of toy products which are grouped into four major brand categories:
Mattel Girls & Boys Brands—including Barbie® fashion dolls and accessories (“Barbie”), Monster High®, Ever After High®, Polly Pocket®, and DC Super Hero Girls™ (collectively “Other Girls”), Hot Wheels® and Matchbox® vehicles and play sets (collectively “Wheels”), and CARS®, DC Comics™, WWE® Wrestling, Minecraft®, Max Steel®, BOOMco®, Toy Story®, and games and puzzles (collectively “Entertainment”).
Fisher-Price Brands—including Fisher-Price®, Little People®, BabyGear™, Laugh & Learn®, and Imaginext® (collectively “Core Fisher-Price”), Thomas & Friends®, Dora the Explorer®, Mickey Mouse® Clubhouse, and Disney Jake and the Never Land Pirates® (collectively “Fisher-Price Friends”), and Power Wheels®.
American Girl Brands—including Truly Me®, Girl of the Year®, BeForever®, and Bitty Baby®. American Girl Brands products are sold directly to consumers via its catalog, website, and proprietary retail stores. Its children’s publications are also sold to certain retailers.
Construction and Arts & Crafts Brands—including MEGA BLOKS®, RoseArt®, and Board Dudes®.
Mattel’s operating segments are: (i) North America, which consists of the US and Canada, (ii) International, and (iii) American Girl.  The North America and International segments sell products in the Mattel Girls & Boys Brands, Fisher-Price Brands, and Construction and Arts & Crafts Brands categories, although some are developed and adapted for particular international markets.
Segment Data
The following tables present information about revenues, income, and assets by segment. Mattel does not include sales adjustments such as trade discounts and other allowances in the calculation of segment revenues (referred to as “gross sales” and reconciled to net sales in Part I, Item 2 “Management’s Discussion and Analysis of Financial Condition and Results of Operations–Non-GAAP Financial Measures” of this Quarterly Report on Form 10-Q). Mattel records these adjustments in its financial accounting systems at the time of sale to each customer, but the adjustments are not allocated to individual products. For this reason, Mattel’s chief operating decision maker uses gross sales by segment as one of the metrics to measure segment performance. Such sales adjustments are included in the determination of segment income from operations based on the adjustments recorded in the financial accounting systems. Segment income represents each segment’s operating income, while consolidated operating income represents income from operations before net interest, other non-operating income (expense), and income taxes as reported in the consolidated statements of operations. The corporate and other expense category includes costs not allocated to individual segments, including charges related to incentive compensation, share-based payments, and corporate headquarters functions managed on a worldwide basis, and the impact of changes in foreign currency exchange rates on intercompany transactions.
 
For the Three Months Ended
 
March 31,
2016
 
March 31,
2015
 
(In thousands)
Revenues by Segment
 
 
 
North America
$
490,522

 
$
488,199

International
374,804

 
422,081

American Girl
96,779

 
109,910

Gross sales
962,105

 
1,020,190

Sales adjustments
(92,706
)
 
(97,441
)
Net sales
$
869,399

 
$
922,749

 
For the Three Months Ended
 
March 31,
2016
 
March 31,
2015
 
(In thousands)
Segment Income (Loss)
 
 
 
North America
$
41,149

 
$
25,049

International
(17,362
)
 
(4,436
)
American Girl
3,387

 
5,528

 
27,174

 
26,141

Corporate and other expense (a)
(76,320
)
 
(80,608
)
Operating loss
(49,146
)
 
(54,467
)
Interest expense
22,520

 
20,401

Interest (income)
(2,360
)
 
(1,668
)
Other non-operating expense (income), net
24,173

 
(53
)
Loss before income taxes
$
(93,479
)
 
$
(73,147
)
__________________________________________ 
(a)
Corporate and other expense includes severance and restructuring expenses of $9.8 million and $28.0 million for the three months ended March 31, 2016 and 2015, respectively, and share-based compensation expense of $12.4 million and $11.6 million for the three months ended March 31, 2016 and 2015, respectively.
Segment assets are comprised of accounts receivable and inventories, net of applicable reserves and allowances.
 
March 31,
2016
 
March 31,
2015
 
December 31,
2015
 
(In thousands)
Assets by Segment
 
 
 
 
 
North America
$
590,939

 
$
550,807

 
$
764,945

International
594,507

 
552,981

 
759,709

American Girl
114,026

 
105,278

 
108,414

 
1,299,472

 
1,209,066

 
1,633,068

Corporate and other
146,918

 
130,957

 
99,552

Accounts receivable and inventories, net
$
1,446,390

 
$
1,340,023

 
$
1,732,620


The table below presents worldwide revenues by brand category:
 
For the Three Months Ended
 
March 31,
2016
 
March 31,
2015
 
(In thousands)
Worldwide Revenues by Brand Category
 
 
 
Mattel Girls & Boys Brands
$
527,854

 
$
605,183

Fisher-Price Brands
272,612

 
263,968

American Girl Brands
93,286

 
106,083

Construction and Arts & Crafts Brands
61,915

 
38,283

Other
6,438

 
6,673

Gross sales
962,105

 
1,020,190

Sales adjustments
(92,706
)
 
(97,441
)
Net sales
$
869,399

 
$
922,749