XML 33 R21.htm IDEA: XBRL DOCUMENT v3.5.0.2
Employee Benefit Plans
6 Months Ended
Jun. 30, 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 (credit) for Mattel’s defined benefit pension plans is as follows:
 
For the Three Months Ended
 
For the Six Months Ended
 
June 30,
2016
 
June 30,
2015
 
June 30,
2016
 
June 30,
2015
 
(In thousands)
Service cost
$
1,262

 
$
2,186

 
$
2,684

 
$
4,364

Interest cost
6,159

 
6,260

 
12,300

 
12,532

Expected return on plan assets
(6,443
)
 
(7,640
)
 
(12,916
)
 
(15,273
)
Amortization of prior service cost (credit)
7

 
(264
)
 
15

 
(528
)
Recognized actuarial loss
1,626

 
4,889

 
3,462

 
9,781

Curtailment gain

 
(8,639
)
 

 
(8,639
)
 
$
2,611

 
$
(3,208
)
 
$
5,545

 
$
2,237

 
 
 
 
 
 
 
 

A summary of the components of net periodic benefit cost for Mattel’s postretirement benefit plans is as follows:
 
 
 
 
 
For the Three Months Ended
 
For the Six Months Ended
 
June 30,
2016
 
June 30,
2015
 
June 30,
2016
 
June 30,
2015
 
(In thousands)
Service cost
$
13

 
$
21

 
$
26

 
$
42

Interest cost
286

 
313

 
572

 
626

Recognized actuarial loss
37

 
38

 
74

 
77

 
$
336

 
$
372

 
$
672

 
$
745


During the six months ended June 30, 2016, Mattel made cash contributions totaling approximately $6 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 $9 million.