Mattel 2012 Annual Report Download - page 96

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The following table presents Mattel’s derivative assets and liabilities:
Asset Derivatives
Balance Sheet Classification Fair Value
December 31,
2012
December 31,
2011
(In thousands)
Derivatives designated as hedging instruments:
Foreign currency forward exchange contracts ........ Prepaid expenses and other
current assets $ 3,064 $ 29,043
Foreign currency forward exchange contracts ........ Other noncurrent assets 4 2,853
Total derivatives designated as hedging
instruments ................................ $ 3,068 $ 31,896
Liability Derivatives
Balance Sheet Classification Fair Value
December 31,
2012
December 31,
2011
(In thousands)
Derivatives designated as hedging instruments:
Foreign currency forward exchange contracts ........ Accrued liabilities $ 8,093 $ 1,347
Foreign currency forward exchange contracts ........ Other noncurrent liabilities 177 35
Total derivatives designated as hedging
instruments ................................ $ 8,270 $ 1,382
Derivatives not designated as hedging instruments:
Foreign currency forward exchange contracts ........ Accrued liabilities $ 487 $ 2,930
Total ....................................... $ 8,757 $ 4,312
The following tables present the classification and amount of gains and losses, net of tax, from derivatives
reported in the consolidated statements of operations:
For the Year Ended
December 31, 2012
For the Year Ended
December 31, 2011
Statements of
Operations
Classification
Amount of Gain
(Loss) Recognized
in OCI
Amount of
Gain (Loss)
Reclassified from
Accumulated OCI
to Statements of
Operations
Amount of Gain
(Loss) Recognized
in OCI
Amount of
Gain (Loss)
Reclassified from
Accumulated OCI
to Statements of
Operations
(In thousands)
Derivatives designated
as hedging
instruments:
Foreign currency
forward exchange
contracts .......... $ 2,734 $ 29,933 $ 17,900 $ (9,843) Cost of sales
84