XML 80 R13.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Stockholders' Equity | 12 Months Ended
--- | ---
Dec. 31, 2019
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 2019, 2018, and 2017, Mattel did not repurchase any shares of its common stock. 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, 2019, 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 2019 and 2018, Mattel did not pay any dividends to holders of its common stock. During 2017, Mattel paid total dividends per share of $0.91 to holders of its common stock. The Board of Directors declared the dividends, if any, on a quarterly basis, and Mattel paid the dividends during the quarters in which the dividends were declared, if applicable. The payment of dividends on common stock is at the discretion of the Board of Directors and is subject to customary limitations. Dividend payments were $312.0 million in 2017. 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 Year Ended December 31, 2019
| Derivative Instruments |  | Available-for-Sale Security |  | Employee Benefit Plans |  | Currency Translation Adjustments |  | Total
| (In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2018 | $ | 11,411 |  |  | $ | (6,547 | ) |  | $ | (142,763 | ) |  | $ | (721,327 | ) |  | $ | (859,226 | )
Other comprehensive income (loss) before reclassifications | 17,024 |  |  | (1,713 | ) |  | (31,158 | ) |  | 18,919 |  |  | 3,072 |
Amounts reclassified from accumulated other comprehensive income (loss) | (17,394 | ) |  | — |  |  | 4,064 |  |  | — |  |  | (13,330 | )
Net (decrease) increase in other comprehensive income (loss) | (370 | ) |  | (1,713 | ) |  | (27,094 | ) |  | 18,919 |  |  | (10,258 | )
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2019 | $ | 11,041 |  |  | $ | (8,260 | ) |  | $ | (169,857 | ) |  | $ | (702,408 | ) |  | $ | (869,484 | )
| For the Year Ended December 31, 2018
| Derivative Instruments |  | Available-for-Sale Security |  | Employee Benefit Plans |  | Currency Translation Adjustments |  | Total
| (In thousands)
Accumulated Other Comprehensive Loss, Net of Tax, as of December 31, 2017 | $ | (21,098 | ) |  | $ | (2,799 | ) |  | $ | (143,213 | ) |  | $ | (614,676 | ) |  | $ | (781,786 | )
Other comprehensive income (loss) before reclassifications | 24,082 |  |  | (3,748 | ) |  | (7,382 | ) |  | (106,651 | ) |  | (93,699 | )
Amounts reclassified from accumulated other comprehensive loss | 8,427 |  |  | — |  |  | 7,832 |  |  | — |  |  | 16,259 |
Net increase (decrease) in other comprehensive income (loss) | 32,509 |  |  | (3,748 | ) |  | 450 |  |  | (106,651 | ) |  | (77,440 | )
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2018 | $ | 11,411 |  |  | $ | (6,547 | ) |  | $ | (142,763 | ) |  | $ | (721,327 | ) |  | $ | (859,226 | )
| For the Year Ended December 31, 2017
| Derivative Instruments |  | Available-for-Sale Security |  | Employee Benefit Plans |  | Currency Translation Adjustments |  | Total
| (In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2016 | $ | 17,469 |  |  | $ | 3,149 |  |  | $ | (157,704 | ) |  | $ | (805,943 | ) |  | $ | (943,029 | )
Other comprehensive (loss) income before reclassifications | (55,377 | ) |  | (5,948 | ) |  | 7,812 |  |  | 132,294 |  |  | 78,781 |
Amounts reclassified from accumulated other comprehensive income (loss) | 16,810 |  |  | — |  |  | 6,679 |  |  | 58,973 |  |  | 82,462 |
Net (decrease) increase in other comprehensive (loss) income | (38,567 | ) |  | (5,948 | ) |  | 14,491 |  |  | 191,267 |  |  | 161,243 |
Accumulated Other Comprehensive Loss, Net of Tax, as of December 31, 2017 | $ | (21,098 | ) |  | $ | (2,799 | ) |  | $ | (143,213 | ) |  | $ | (614,676 | ) |  | $ | (781,786 | )
The following table presents the classification and amount of the reclassifications from accumulated other comprehensive income (loss) to the consolidated statements of operations:
| For the Year Ended |  | Consolidated Statements of Operations Classification
| December 31, 2019 |  | December 31, 2018 |  | December 31, 2017 |
| (In thousands) |  |
Derivative Instruments |  |  |  |  |  |  |
Gain (loss) on foreign currency forward exchange contracts | $ | 18,046 |  |  | $ | (8,575 | ) |  | $ | (16,717 | ) |  | Cost of sales
Tax effect of net gain (loss) | (652 | ) |  | 148 |  |  | (93 | ) |  | Provision for income taxes
| $ | 17,394 |  |  | $ | (8,427 | ) |  | $ | (16,810 | ) |  | Net loss
Defined Benefit Pension Plans |  |  |  |  |  |  |
Amortization of prior service credit (cost) (a) | $ | 1,974 |  |  | $ | 2,008 |  |  | $ | (29 | ) |  | Other non-operating expense, net
Recognized actuarial loss (a) | (7,201 | ) |  | (8,198 | ) |  | (8,511 | ) |  | Other non-operating expense, net
Curtailment loss | (92 | ) |  | (739 | ) |  | (103 | ) |  | Other non-operating expense, net
Settlement loss | — |  |  | (3,248 | ) |  | — |  |  | Other non-operating expense, net
| (5,319 | ) |  | (10,177 | ) |  | (8,643 | ) |  |
Tax effect of net loss | 1,255 |  |  | 2,345 |  |  | 1,964 |  |  | Provision for income taxes
| $ | (4,064 | ) |  | $ | (7,832 | ) |  | $ | (6,679 | ) |  | Net loss
Currency Translation Adjustments |  |  |  |  |  |  |
Loss on discontinuation of Venezuelan operations | $ | — |  |  | $ | — |  |  | $ | (58,973 | ) |  | Other non-operating expense, net
Tax effect of net loss (b) | — |  |  | — |  |  | — |  |  | Provision for income taxes
| $ | — |  |  | $ | — |  |  | $ | (58,973 | ) |  | Net loss
(a) | The amortization of prior service credit (cost) 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.
(b) | An income tax benefit was not realized related to the loss on discontinuation of Venezuelan operations.
Currency Translation Adjustments For 2019, currency translation adjustments resulted in a net gain of $18.9 million, primarily due to the strengthening of the British pound sterling, Russian ruble, and Mexican peso against the U.S. dollar, partially offset by the weakening of the Euro against the U.S. dollar. For 2018, currency translation adjustments resulted in a net loss of $106.7 million, primarily due to the weakening of the Euro, British pound sterling, Russian ruble, and Brazilian real against the U.S. dollar. For 2017, currency translation adjustments resulted in a net gain of $191.3 million, primarily due to the strengthening of the Euro and the British pound sterling against the U.S. dollar and the recognition of a $59.0 million loss related to the discontinuation of Mattel's Venezuelan operations in other non-operating expense, net within the consolidated statements of operations.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration