XML 27 R15.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Segment Reporting | 6 Months Ended
--- | ---
Jun. 26, 2016
Segment Reporting (Thousands of Dollars) [Abstract] |
Segment Reporting | Hasbro is a worldwide leader in children's and family leisure time products and services with a broad portfolio of brands and entertainment properties spanning toys, games, licensed products ranging from traditional to high-tech and digital, and film and television entertainment. The Company's segments are (i) U.S. and Canada, (ii) International, (iii) Entertainment and Licensing, and (iv) Global Operations. The U.S. and Canada segment includes the marketing and selling of action figures, arts and crafts and creative play products, electronic toys and related electronic interactive products, fashion and other dolls, infant products, play sets, preschool toys, plush products, sports action blasters and accessories, vehicles and toy-related specialty products, as well as traditional board games and puzzles, and trading card and role-playing games primarily within the United States and Canada. Within the International segment, the Company markets and sells both toy and game products in markets outside of the U.S. and Canada, primarily in the European, Asia Pacific, and Latin and South American regions. The Company's Entertainment and Licensing segment includes the Company's consumer products licensing, digital gaming, movie and television entertainment operations. The Global Operations segment is responsible for sourcing finished products for the Company's U.S. and Canada and International segments. Segment performance is measured at the operating profit level. Included in Corporate and Eliminations are certain corporate expenses, including the elimination of intersegment transactions and certain assets benefiting more than one segment. Intersegment sales and transfers are reflected in management reports at amounts approximating cost. Certain shared costs, including global development and marketing expenses and corporate administration, are allocated to segments based upon expenses and foreign exchange rates fixed at the beginning of the year, with adjustments to actual expenses and foreign exchange rates included in Corporate and Eliminations. The accounting policies of the segments are the same as those referenced in note 1. Results shown for the quarter and six months are not necessarily representative of those which may be expected for the full year 2016, nor were those of the comparable 2015 period representative of those actually experienced for the full year 2015. Similarly, such results are not necessarily those which would be achieved were each segment an unaffiliated business enterprise. Information by segment and a reconciliation to reported amounts for the quarter and six-month periods ended June 26, 2016 and June 28, 2015 are as follows.
| Quarter Ended
| June 26, 2016 |  | June 28, 2015
Net revenues | External |  | Affiliate |  | External |  | Affiliate
U.S. and Canada | $ | 425,899 |  |  | 1,552 |  |  | 385,183 |  |  | 1,718
International |  | 401,129 |  |  | 261 |  |  | 362,760 |  |  | (96)
Entertainment and Licensing |  | 51,896 |  |  | 4,100 |  |  | 47,640 |  |  | 4,025
Global Operations (a) |  | 21 |  |  | 372,058 |  |  | 2,075 |  |  | 350,864
Corporate and Eliminations |  | - |  |  | (377,971) |  |  | - |  |  | (356,511)
| $ | 878,945 |  |  | - |  |  | 797,658 |  |  | -
| Six Months Ended
| June 26, 2016 |  | June 28, 2015
Net revenues | External |  | Affiliate |  | External |  | Affiliate
U.S. and Canada | $ | 869,547 |  |  | 2,996 |  |  | 730,873 |  |  | 2,768
International |  | 746,166 |  |  | 261 |  |  | 668,473 |  |  | -
Entertainment and Licensing |  | 94,391 |  |  | 8,801 |  |  | 108,271 |  |  | 7,434
Global Operations (a) |  | 21 |  |  | 669,247 |  |  | 3,541 |  |  | 587,707
Corporate and Eliminations |  | - |  |  | (681,305) |  |  | - |  |  | (597,909)
| $ | 1,710,125 |  |  | - |  |  | 1,511,158 |  |  | -
| Quarter Ended |  | Six Months Ended
| June 26, |  | June 28, |  | June 26, |  | June 28,
Operating profit (loss) | 2016 |  | 2015 |  | 2016 |  | 2015
U.S. and Canada | $ | 57,953 |  |  | 47,147 |  |  | 136,288 |  |  | 88,570
International |  | 29,654 |  |  | 25,361 |  |  | 32,507 |  |  | 27,264
Entertainment and Licensing |  | 13,830 |  |  | 7,443 |  |  | 19,272 |  |  | 23,845
Global Operations (a) |  | (2,868) |  |  | 2,019 |  |  | 576 |  |  | (1,763)
Corporate and Eliminations (b) |  | (13,695) |  |  | (6,470) |  |  | (17,853) |  |  | (8,211)
| $ | 84,874 |  |  | 75,500 |  |  | 170,790 |  |  | 129,705
| June 26, |  | June 28, |  | December 27,
Total assets | 2016 |  | 2015 |  | 2015
U.S. and Canada | $ | 2,400,243 |  |  | 3,095,862 |  |  | 2,654,270
International |  | 1,982,740 |  |  | 2,164,440 |  |  | 2,345,847
Entertainment and Licensing |  | 524,962 |  |  | 675,082 |  |  | 567,753
Global Operations |  | 2,401,676 |  |  | 2,334,761 |  |  | 2,410,142
Corporate and Eliminations (b) |  | (2,965,236) |  |  | (4,052,456) |  |  | (3,257,295)
| $ | 4,344,385 |  |  | 4,217,689 |  |  | 4,720,717
(a) The Global Operations segment derives substantially all of its revenues, and thus its operating results, from intersegment activities. (b) Certain long-term assets, including property, plant and equipment, goodwill and other intangibles, which benefit multiple operating segments, are included in Corporate and Eliminations. Allocations of certain expenses related to these assets to the individual operating segments are done at the beginning of the year based on budgeted amounts. Any differences between actual and budgeted amounts are reflected in Corporate and Eliminations because allocations are translated from the US Dollar to local currency at budget rates when recorded, and Corporate and Eliminations also includes the elimination of inter-company balance sheet amounts. The following table represents consolidated International segment net revenues by major geographic region for the quarter and six-month periods ended June 26, 2016 and June 28, 2015.
| Quarter Ended |  | Six Months Ended
| June 26, |  | June 28, |  | June 26, |  | June 28,
| 2016 |  | 2015 |  | 2016 |  | 2015
Europe | $ | 228,124 |  |  | 185,660 |  |  | 452,247 |  |  | 381,531
Latin America |  | 97,368 |  |  | 98,368 |  |  | 152,964 |  |  | 155,976
Asia Pacific |  | 75,637 |  |  | 78,732 |  |  | 140,955 |  |  | 130,966
Net revenues | $ | 401,129 |  |  | 362,760 |  |  | 746,166 |  |  | 668,473
| Quarter Ended |  | Six Months Ended
| June 26, |  | June 28, |  | June 26, |  | June 28,
| 2016 |  | 2015 |  | 2016 |  | 2015
Boys | $ | 355,051 |  |  | 340,426 |  |  | 691,906 |  |  | 613,024
Games |  | 227,703 |  |  | 211,629 |  |  | 458,845 |  |  | 447,278
Girls |  | 172,326 |  |  | 127,489 |  |  | 337,679 |  |  | 244,616
Preschool |  | 123,865 |  |  | 118,114 |  |  | 221,695 |  |  | 206,240
Net revenues | $ | 878,945 |  |  | 797,658 |  |  | 1,710,125 |  |  | 1,511,158

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration