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Stockholders' Equity
 12 Months Ended
Dec. 31, 2018
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 2018, 2017, and 2016, 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, 2018, 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 2018, Mattel did not pay any dividends to holders of its common stock. During 2017 and 2016, Mattel paid total dividends per share of $0.91 and $1.52, respectively, 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 and $518.5 million in 2017 and 2016, respectively.
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, 2018
 
Derivative
Instruments
 
Available-for-Sale Security
 
Defined Benefit
Pension 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
 
Defined Benefit
Pension 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
)
 
 
 
 
 
 
 
 
 
 
 
For the Year Ended December 31, 2016
 
Derivative
Instruments
 
Available-for-Sale Security
 
Defined Benefit
Pension Plans
 
Currency
Translation
Adjustments
 
Total
 
(In thousands)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2015
$
15,363

 
$
—

 
$
(159,858
)
 
$
(704,404
)
 
$
(848,899
)
Other comprehensive income (loss) before reclassifications
18,733

 
3,149

 
(4,154
)
 
(101,539
)
 
(83,811
)
Amounts reclassified from accumulated other comprehensive income (loss)
(16,627
)
 
—

 
6,308

 
—

 
(10,319
)
Net increase (decrease) in other comprehensive income (loss)
2,106

 
3,149

 
2,154

 
(101,539
)
 
(94,130
)
Accumulated Other Comprehensive Income (Loss), Net of Tax, as of December 31, 2016
$
17,469

 
$
3,149

 
$
(157,704
)
 
$
(805,943
)
 
$
(943,029
)


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
 
Statements of Operations
Classification
 
December 31,
2018
 
December 31,
2017
 
December 31,
2016
 
 
(In thousands)
 
 
Derivative Instruments
 
 
 
 
 
 
 
(Loss) gain on foreign currency forward exchange contracts
$
(8,575
)
 
$
(16,717
)
 
$
17,101

 
Cost of sales
Tax effect of net (loss) gain
148

 
(93
)
 
(474
)
 
Provision for income taxes
 
$
(8,427
)
 
$
(16,810
)
 
$
16,627

 
Net (loss) income
Defined Benefit Pension Plans
 
 
 
 
 
 
 
Amortization of prior service credit (cost) (a)
$
2,008

 
$
(29
)
 
$
(461
)
 
Other non-operating expense, net
Recognized actuarial loss (a)
(8,198
)
 
(8,511
)
 
(7,142
)
 
Other non-operating expense, net
Curtailment loss
(739
)
 
(103
)
 
(415
)
 
Other non-operating expense, net
Settlement loss
(3,248
)
 
—

 
(1,772
)
 
Other non-operating expense, net
 
(10,177
)
 
(8,643
)
 
(9,790
)
 
 
Tax effect of net loss
2,345

 
1,964

 
3,482

 
Provision for income taxes
 
$
(7,832
)
 
$
(6,679
)
 
$
(6,308
)
 
Net (loss) income
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) income
(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 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. For 2016, currency translation adjustments resulted in a net loss of $101.5 million, primarily due to the weakening of the British pound sterling, Mexican peso, and Euro against the U.S. dollar, partially offset by the strengthening of the Brazilian real against the U.S. dollar.