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Stockholders' Equity | 12 Months Ended
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Dec. 31, 2016
Equity [Abstract] |
Stockholders' Equity | Stockholders’ Equity Preference Stock Mattel is authorized to issue up to 20.0 million shares of $0.01 par value preference stock, of which none is currently outstanding. Preferred Stock Mattel is authorized to issue up to 3.0 million shares of $1.00 par value preferred stock, of which none is currently outstanding. Common Stock Repurchase Program During 2016 and 2015, Mattel did not repurchase any shares of its common stock. During 2014, Mattel repurchased 4.9 million shares of its common stock at a cost of $177.2 million. Mattel’s share repurchase program was first announced on July 21, 2003. On July 17, 2013, the Board of Directors authorized Mattel to increase its share repurchase program by $500.0 million. At December 31, 2016, share repurchase authorizations of $203.0 million had not been executed. Repurchases will take place from time to time, depending on market conditions. Mattel’s share repurchase program has no expiration date. Dividends During 2016, 2015, and 2014, Mattel paid total dividends per share of $1.52, in each year, to holders of its common stock. The Board of Directors declared the dividends on a quarterly basis, and Mattel paid the dividends during the quarters in which the dividends were declared. The payment of dividends on common stock is at the discretion of the Board of Directors and is subject to customary limitations. Accumulated Other Comprehensive Income (Loss) The following tables present changes in the accumulated balances for each component of other comprehensive income, including current period other comprehensive income and reclassifications out of accumulated other comprehensive income (loss):
| For the Year Ended December 31, 2016
| Derivative Instruments |  | Available-for-Sale Security |  | 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 income (loss) before reclassifications | 18,733 |  |  | 3,149 |  |  | (4,154 | ) |  | (101,539 | ) |  | (83,811 | )
Amounts reclassified from accumulated other comprehensive income (loss) | (16,627 | ) |  | — |  |  | 6,308 |  |  | — |  |  | (10,319 | )
Net increase (decrease) in other comprehensive income | 2,106 |  |  | 3,149 |  |  | 2,154 |  |  | (101,539 | ) |  | (94,130 | )
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2016 | $ | 17,469 |  |  | $ | 3,149 |  |  | $ | (157,704 | ) |  | $ | (805,943 | ) |  | $ | (943,029 | )
| For the Year Ended December 31, 2015
| Derivative Instruments |  | Available-for-Sale Security |  | 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 | 37,926 |  |  | — |  |  | (6,443 | ) |  | (213,797 | ) |  | (182,314 | )
Amounts reclassified from accumulated other comprehensive income (loss) | (52,588 | ) |  | — |  |  | 8,092 |  |  | — |  |  | (44,496 | )
Net (decrease) increase in other comprehensive income | (14,662 | ) |  | — |  |  | 1,649 |  |  | (213,797 | ) |  | (226,810 | )
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2015 | $ | 15,363 |  |  | $ | — |  |  | $ | (159,858 | ) |  | $ | (704,404 | ) |  | $ | (848,899 | )
| For the Year Ended December 31, 2014
| Derivative Instruments |  | Available-for-Sale Security |  | Defined Benefit Pension Plans |  | Currency Translation Adjustments |  | Total
| (In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2013 | $ | (10,789 | ) |  | $ | — |  |  | $ | (131,946 | ) |  | $ | (300,941 | ) |  | $ | (443,676 | )
Other comprehensive income (loss) before reclassifications | 39,931 |  |  | — |  |  | (38,969 | ) |  | (189,666 | ) |  | (188,704 | )
Amounts reclassified from accumulated other comprehensive income (loss) | 883 |  |  | — |  |  | 9,408 |  |  | — |  |  | 10,291 |
Net increase (decrease) in other comprehensive income | 40,814 |  |  | — |  |  | (29,561 | ) |  | (189,666 | ) |  | (178,413 | )
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2014 | $ | 30,025 |  |  | $ | — |  |  | $ | (161,507 | ) |  | $ | (490,607 | ) |  | $ | (622,089 | )
The following table presents the classification and amount of the reclassifications from accumulated other comprehensive income (loss) to the consolidated statement of operations:
| For the Year Ended |  | Statements of Operations Classification
| December 31, 2016 |  | December 31, 2015 |  | December 31, 2014 |
| (In thousands) |  |
Derivative Instruments |  |  |  |  |  |  |
Gain (loss) on foreign currency forward exchange contracts | $ | 17,101 |  |  | $ | 52,037 |  |  | $ | (916 | ) |  | Cost of sales
| (474 | ) |  | 551 |  |  | 33 |  |  | Provision for income taxes
| $ | 16,627 |  |  | $ | 52,588 |  |  | $ | (883 | ) |  | Net income
Defined Benefit Pension Plans |  |  |  |  |  |  |
Amortization of prior service (cost) credit | $ | (461 | ) |  | $ | 465 |  |  | $ | 1,037 |  |  | (a)
Recognized actuarial loss | (7,142 | ) |  | (15,316 | ) |  | (15,788 | ) |  | (a)
Settlement loss | (1,772 | ) |  | (6,453 | ) |  | — |  |  | Other selling and administrative expenses
Curtailment (loss) gain | (415 | ) |  | 8,639 |  |  | — |  |  | Other selling and administrative expenses
| (9,790 | ) |  | (12,665 | ) |  | (14,751 | ) |  |
| 3,482 |  |  | 4,573 |  |  | 5,343 |  |  | Provision for income taxes
| $ | (6,308 | ) |  | $ | (8,092 | ) |  | $ | (9,408 | ) |  | Net income
(a) | The amortization of prior service (cost) credit and recognized actuarial loss are included in the computation of net periodic benefit cost. Refer to “Note 4 to the Consolidated Financial Statements—Employee Benefit Plans” for additional information regarding Mattel’s net periodic benefit cost.
Currency Translation Adjustments For 2016, currency translation adjustments resulted in a net loss of $101.5 million, primarily due to the weakening of the British pound sterling, Mexican peso, and Euro against the US dollar, partially offset by the strengthening of the Brazilian real against the US dollar. For 2015, currency translation adjustments resulted in a net loss of $213.8 million, primarily due to the weakening of the Euro, Brazilian real, Mexican peso, and British pound sterling against the US dollar. For 2014, currency translation adjustments resulted in a net loss of $189.7 million, primarily due to the weakening of the Euro, Mexican peso, British pound sterling, Russian ruble, and Brazilian real against the US dollar.

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