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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Pre-tax Income

Consolidated pre-tax income (loss) consists of the following:

	For the Year Ended
	December 31, 2016				December 31, 2015				December 31, 2014
	(In thousands)
US operations	$	9,179			$	(3,435	)		$	39,149
Foreign operations	400,563				467,350				547,761
	$	409,742			$	463,915			$	586,910

Provision (Benefit) for Current and Deferred Income Taxes

The provision (benefit) for current and deferred income taxes consists of the following:

	For the Year Ended
	December 31, 2016				December 31, 2015				December 31, 2014
	(In thousands)
Current
Federal	$	(3,041	)		$	(1,405	)		$	(25,075	)
State	2,455				1,946				(2,029		)
Foreign	91,070				89,825				106,998
	90,484				90,366				79,894
Deferred
Federal	(4,624		)		(3,802		)		21,987
State	2,623				(2,200		)		8,233
Foreign	3,237				10,135				(22,078		)
	1,236				4,133				8,142
Provision for income taxes	$	91,720			$	94,499			$	88,036

Deferred Income Tax Assets (Liabilities)

Deferred income taxes are provided principally for tax credit carryforwards, research and development expenses, net operating loss carryforwards, employee compensation-related expenses, and certain other reserves that are recognized in different years for financial statement and income tax reporting purposes. Mattel’s deferred income tax assets (liabilities) are composed of the following:

	December 31, 2016				December 31, 2015
	(In thousands)
Allowances and reserves	$	204,661			$	211,538
Research and development expenses	193,908				191,057
Loss carryforwards	165,522				150,270
Deferred compensation	78,245				98,832
Tax credit carryforwards	59,426				50,309
Postretirement benefits	47,732				48,648
Intangible assets	9,160				14,035
Other	62,057				71,453
Gross deferred income tax assets	820,711				836,142
Intangible assets	(295,968		)		(305,818		)
Other	—				(2,905		)
Gross deferred income tax liabilities	(295,968		)		(308,723		)
Deferred income tax asset valuation allowances	(74,125		)		(77,334		)
Net deferred income tax assets	$	450,618			$	450,085

Balance Sheet Classification of Deferred Income Tax Assets (Liabilities)

Net deferred income tax assets are reported in the consolidated balance sheets as follows:

	December 31, 2016				December 31, 2015
	(In thousands)
Other noncurrent assets	$	508,363			$	510,928
Other noncurrent liabilities	(57,745		)		(60,843		)
	$	450,618			$	450,085

Expiration of Loss and Tax Credit Carryforwards

Mattel’s loss and tax credit carryforwards expire in the following periods:

	Loss Carryforwards				Tax Credit Carryforwards
	(In thousands)
2017 – 2021	$	52,614			$	1,578
Thereafter	321,859				54,376
No expiration date	264,674				4,637
Total	$	639,147			$	60,591

Reconciliation of Provision for Income Taxes at US Federal Statutory Rate to Provision in Statements of Operations

Differences between the provision for income taxes at the US federal statutory income tax rate and the provision in the consolidated statements of operations are as follows:

	For the Year Ended
	December 31, 2016				December 31, 2015				December 31, 2014
	(In thousands)
Provision at US federal statutory rate	$	143,410			$	162,370			$	205,419
(Decrease) increase resulting from:
Foreign earnings taxed at different rates, including withholding taxes	(51,711		)		(56,877		)		(107,409		)
Foreign losses without income tax benefit	8,526				5,843				20,140
State and local taxes, net of US federal benefit	3,385				482				3,760
Adjustments to previously accrued taxes	(12,537		)		(19,134		)		(55,026		)
Adoption of ASU 2016-09	(4,308		)		—				—
Tax restructuring	—				—				12,400
Other	4,955				1,815				8,752
Provision for income taxes	$	91,720			$	94,499			$	88,036

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the reserve for unrecognized tax benefits is as follows:

	For the Year Ended
	December 31, 2016				December 31, 2015				December 31, 2014
	(In thousands)
Unrecognized tax benefits at January 1	$	118,099			$	100,357			$	111,370
Increases for positions taken in current year	2,925				5,724				9,886
Increases for positions taken in a prior year	921				22,584				53,221
Decreases for positions taken in a prior year	(1,706		)		(4,242		)		(51,421		)
Decreases for settlements with taxing authorities	(1,097		)		(3,577		)		(9,493		)
Decreases for lapses in the applicable statute of limitations	(9,795		)		(2,747		)		(13,206		)
Unrecognized tax benefits at December 31	$	109,347			$	118,099			$	100,357

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