Mattel 2014 Annual Report Download - page 99

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The following table presents Mattel’s derivative assets and liabilities:
Derivative Assets
Balance Sheet Classification Fair Value
December 31,
2014
December 31,
2013
(In thousands)
Derivatives designated as hedging instruments:
Foreign currency forward exchange contracts ...... Prepaid expenses and other
current assets $ 31,982 $ 415
Foreign currency forward exchange contracts ...... Other noncurrent assets 1,443 —
Total derivatives designated as hedging
instruments ............................... $ 33,425 $ 415
Derivatives not designated as hedging
instruments:
Foreign currency forward exchange contracts ...... Prepaid expenses and other
current assets $ 318 $ 1,895
Total ...................................... $ 33,743 $ 2,310
Derivative Liabilities
Balance Sheet Classification Fair Value
December 31,
2014
December 31,
2013
(In thousands)
Derivatives designated as hedging instruments:
Foreign currency forward exchange contracts ...... Accrued liabilities $ 2,408 $ 12,432
Foreign currency forward exchange contracts ...... Other noncurrent liabilities 36 470
Total derivatives designated as hedging
instruments ............................... $ 2,444 $ 12,902
Derivatives not designated as hedging
instruments:
Foreign currency forward exchange contracts ...... Accrued liabilities $ 10,954 $ 1,711
Total ...................................... $ 13,398 $ 14,613
The following tables present the classification and amount of gains and losses, net of tax, from derivatives
reported in the consolidated statements of operations:
Derivatives Designated As
Hedging Instruments Statements of
Operations
Classification
For the Year
2014
For the Year
2013
For the Year
2012
(In thousands)
Foreign currency forward exchange contracts:
Amount of gain (loss) recognized in OCI ............. $39,931 $(13,103) $ 2,734
Amount of gain (loss) reclassified from accumulated OCI
to statements of operations ....................... (883) (4,897) 29,933 Cost of sales
93