Mattel 2008 Annual Report Download - page 71

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(iii) tabular disclosures about balance sheet location and gross fair value amounts of derivative instruments,
income statement, and other comprehensive income location and amounts of gains and losses on derivative
instruments by type of contract, and (iv) disclosures about credit-risk-related contingent features in derivative
agreements. SFAS No. 161 is effective for financial statements issued for fiscal years and interim periods
beginning after November 15, 2008. Mattel does not expect the adoption of SFAS No. 161 to have a material
effect on its financial statements.
FSP No. FAS 132(R)-1
In December 2008, the FASB issued FSP No. FAS 132(R)-1, Employers’ Disclosures about Postretirement
Benefit Plan Assets. FSP No. FAS 132(R)-1 amends SFAS No. 132(R), Employers’ Disclosures about Pensions
and Other Postretirement Benefits, to require additional disclosures about plan assets held in an employer’s
defined benefit pension or other postretirement plan, to provide users of financial statements with an
understanding of (i) how investment allocation decisions are made, including the factors that are pertinent to an
understanding of investment policies and strategies, (ii) the major categories of plan assets, (iii) the inputs and
valuation techniques used to measure the fair value of plan assets including the level within the fair value
hierarchy, using the guidance in SFAS No. 157, and (iv) significant concentrations of risk within plan assets. FSP
No. FAS 132(R)-1 is effective for financial statements issued for fiscal years ending after December 15, 2009.
Mattel does not expect the adoption of FSP No. FAS 132(R)-1 to have a material effect on its financial
statements.
Note 2—Goodwill and Other Intangibles
The change in the carrying amount of goodwill by reporting unit for 2008 and 2007 is shown below. Brand-
specific goodwill held by foreign subsidiaries is allocated to the US reporting units selling those brands, thereby
causing foreign currency translation impact to the US reporting units.
Mattel
Girls Brands
US Division
Mattel
Boys Brands
US Division
Fisher-Price
Brands US
American Girl
Brands International Total
(In thousands)
Balance at December 31, 2006 .... $38,278 $126,193 $217,291 $207,571 $255,991 $845,324
Adjustments .................. — (1,760) — — (880) (2,640)
Impact of currency exchange rate
changes .................... 473 36 92 — 2,364 2,965
Balance at December 31, 2007 .... 38,751 124,469 217,383 207,571 257,475 845,649
Additions/Adjustments .......... — 7,165 — — 8,105 15,270
Impact of currency exchange rate
changes .................... (9,527) (751) (1,863) — (32,975) (45,116)
Balance at December 31, 2008 .... $29,224 $130,883 $215,520 $207,571 $232,605 $815,803
Identifiable intangibles include the following:
December 31,
2008 2007
(In thousands)
Identifiable intangibles (net of amortization of $61.8 million and $52.0 million in 2008
and 2007, respectively) ................................................... $107,447 $ 70,628
Nonamortizable identifiable intangibles ........................................ 128,382 128,382
$235,829 $199,010
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