Accumulated Other Comprehensive Income (Loss)

The following tables present changes in the accumulated balances for each component of other comprehensive income (loss), including current period other comprehensive income (loss) and reclassifications out of accumulated other comprehensive income (loss):



	For the Three Months Ended June 30, 2016
	Derivative Instruments			Defined Benefit Pension Plans			Currency Translation Adjustments			Total
	(In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of March 31, 2016	$	(7,540	)	$	(158,773	)	$	(664,383	)	$	(830,696	)
Other comprehensive income (loss) before reclassifications	15,561			890			(44,377		)	(27,926		)
Amounts reclassified from accumulated other comprehensive income (loss)	(3,305		)	569			—			(2,736		)
Net increase (decrease) in other comprehensive income (loss)	12,256			1,459			(44,377		)	(30,662		)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of June 30, 2016	$	4,716		$	(157,314	)	$	(708,760	)	$	(861,358	)



	For the Six Months Ended June 30, 2016
	Derivative Instruments			Defined Benefit Pension Plans			Currency Translation Adjustments			Total
	(In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2015	$	15,363		$	(159,858	)	$	(704,404	)	$	(848,899	)
Other comprehensive loss before reclassifications	(332		)	(134		)	(4,356		)	(4,822		)
Amounts reclassified from accumulated other comprehensive income (loss)	(10,315		)	2,678			—			(7,637		)
Net (decrease) increase in other comprehensive income (loss)	(10,647		)	2,544			(4,356		)	(12,459		)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of June 30, 2016	$	4,716		$	(157,314	)	$	(708,760	)	$	(861,358	)



	For the Three Months Ended June 30, 2015
	Derivative Instruments			Defined Benefit Pension Plans			Currency Translation Adjustments			Total
	(In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of March 31, 2015	$	46,925		$	(158,652	)	$	(617,299	)	$	(729,026	)
Other comprehensive (loss) income before reclassifications	(2,250		)	(811		)	37,376			34,315
Amounts reclassified from accumulated other comprehensive income (loss)	(13,705		)	(2,457		)	—			(16,162		)
Net (decrease) increase in other comprehensive income (loss)	(15,955		)	(3,268		)	37,376			18,153
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of June 30, 2015	$	30,970		$	(161,920	)	$	(579,923	)	$	(710,873	)


	For the Six Months Ended June 30, 2015
	Derivative Instruments			Defined Benefit Pension Plans			Currency Translation Adjustments			Total
	(In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2014	$	30,025		$	(161,507	)	$	(490,607	)	$	(622,089	)
Other comprehensive income (loss) before reclassifications	23,501			(950		)	(89,316		)	(66,765		)
Amounts reclassified from accumulated other comprehensive income (loss)	(22,556		)	537			—			(22,019		)
Net increase (decrease) in other comprehensive income (loss)	945			(413		)	(89,316		)	(88,784		)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of June 30, 2015	$	30,970		$	(161,920	)	$	(579,923	)	$	(710,873	)

The following tables present the classification and amount of the reclassifications from accumulated other comprehensive income (loss) to the consolidated statements of operations:



	For the Three Months Ended June 30, 2016			For the Three Months Ended June 30, 2015			Statements of Operations Classification
	(In thousands)
Derivative Instruments
Gain on foreign currency forward exchange contracts	$	3,664		$	13,561		Cost of sales
	(359		)	144			Provision for income taxes
	$	3,305		$	13,705		Net income
Defined Benefit Pension Plans
Amortization of prior service (cost) credit	$	(7	)	$	264		(a)
Recognized actuarial loss	(1,663		)	(4,927		)	(a)
Curtailment gain	—			8,639			(a)
	(1,670		)	3,976
	1,101			(1,519		)	Provision for income taxes
	$	(569	)	$	2,457		Net income



	For the Six Months Ended June 30, 2016			For the Six Months Ended June 30, 2015			Statements of Operations Classification
	(In thousands)
Derivative Instruments
Gain on foreign currency forward exchange contracts	$	10,876		$	22,381		Cost of sales
	(561		)	175			Provision for income taxes
	$	10,315		$	22,556		Net income
Defined Benefit Pension Plans
Amortization of prior service (cost) credit	$	(15	)	$	528		(a)
Recognized actuarial loss	(3,536		)	(9,858		)	(a)
Curtailment gain	—			8,639			(a)
	(3,551		)	(691		)
	873			154			Provision for income taxes
	$	(2,678	)	$	(537	)	Net income

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(a)	The amortization of prior service (cost) credit, recognized actuarial loss, and curtailment gain are included in the computation of net periodic benefit cost. Refer to “Note 15 to the Consolidated Financial Statements—Employee Benefit Plans” of this Quarterly Report on Form 10-Q for additional information regarding Mattel’s net periodic benefit cost.

Currency Translation Adjustments

Mattel’s reporting currency is the US dollar. The translation of its net investments in subsidiaries with non-US dollar functional currencies subjects Mattel to the impact of currency exchange rate fluctuations in its results of operations and financial position. Assets and liabilities of subsidiaries with non-US dollar functional currencies are translated into US dollars at fiscal period-end exchange rates. Income, expense, and cash flow items are translated at weighted average exchange rates prevailing during the fiscal period. The resulting currency translation adjustments are recorded as a component of accumulated other comprehensive income (loss) within stockholders’ equity. Currency translation adjustments resulted in a net loss of $4.4 million for the six months ended June 30, 2016, primarily due to the weakening of the British pound sterling against the US dollar, partially offset by the strengthening of the Brazilian real and the Euro. Currency translation adjustments resulted in a net loss of $89.3 million for the six months ended June 30, 2015, primarily due to the weakening of the Euro, Brazilian real, and Mexican peso against the US dollar, partially offset by the strengthening of the British pound sterling.