Mattel 2013 Annual Report Download - page 95

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The following table presents Mattel’s derivative assets and liabilities:
Asset Derivatives
Balance Sheet Classification Fair Value
December 31,
2013
December 31,
2012
(In thousands)
Derivatives designated as hedging instruments:
Foreign currency forward exchange contracts ........ Prepaid expenses and other
current assets $ 415 $ 3,064
Foreign currency forward exchange contracts ........ Other noncurrent assets — 4
Total derivatives designated as hedging
instruments ................................ $ 415 $ 3,068
Derivatives not designated as hedging instruments:
Foreign currency forward exchange contracts ........ Prepaid expenses and other
current assets $ 1,895 $ —
Total ....................................... $ 2,310 $ 3,068
Liability Derivatives
Balance Sheet Classification Fair Value
December 31,
2013
December 31,
2012
(In thousands)
Derivatives designated as hedging instruments:
Foreign currency forward exchange contracts ........ Accrued liabilities $ 12,432 $ 8,093
Foreign currency forward exchange contracts ........ Other noncurrent liabilities 470 177
Total derivatives designated as hedging
instruments ................................ $ 12,902 $ 8,270
Derivatives not designated as hedging instruments:
Foreign currency forward exchange contracts ........ Accrued liabilities $ 1,711 $ 487
Total ....................................... $ 14,613 $ 8,757
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, 2013
For the Year Ended
December 31, 2012
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 ....... $(13,103) $(4,897) $2,734 $29,933 Cost of sales
87