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Commitments and Contingencies | 12 Months Ended
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Dec. 25, 2016
Commitments and Contingencies [Abstract] |
Commitments and Contingencies | (19) Commitments and Contingencies Hasbro had unused open letters of credit and related instruments of approximately $42,100 and $24,444 at December 25, 2016 and December 27, 2015, respectively. The Company enters into license agreements with strategic partners, inventors, designers and others for the use of intellectual properties in its products. Certain of these agreements contain provisions for the payment of guaranteed or minimum royalty amou nts. Under terms of exist ing agreements as of December 25, 2016, Hasbro may, provided the other party meets their contractual commitment, be required to pay amounts as follo ws: 2017: $66,574; 2018: $60,007; 2019: $49,366; 2020: $9,866; 2021: $9,866; and th ereafter: $19,935. At December 25, 2016, the Company had $ 102,807 of prepaid royalties, $ 34,096 of which are included in prepaid expenses and other current assets and $ 68,711 of which are included in other assets. In addition to the above commitments, certain of the above contracts impose minimum marketing commitments on the Company. The Company may be subject to additional royalty guarantees totaling $14 0,000 that are not included in the amounts above that may be payable during the next five years cont ingent upon the quantity and types of theatrical movie releases by the licensor. In connection with the Company’s agreement to form a joint venture with Discovery, the Company is obligated to make future payments to Discovery under a tax sharing agreement. The Company estimates these payments may total approximately $ 78,310 and may range from approximately $6,700 to $8,600 per year during the period 2017 to 2021, and approximately $ 40,597 in aggregate for all years occurring thereafter. These payments ar e contingent upon the Company having sufficient taxable income to realize the expected tax deductions of certain amounts related to the joint venture. At December 25, 2016, the Company estimates payments related to inventory and tooling purchase commitme nts may total approximately $689,870, including contractual commitments under the manufacturing agreement with Cartamundi as follows: 2017: $1 11,565; 2018: $1 05,520; 2019: $99,475; and 2020: $78,768. For additional information about these commitments, see Note 17. Hasbro is party to certain legal proceedings, as well as certain asserted and unasserted claims. Amounts accrued, as well as the total amount of reasonably possible losses with respect to such matters, individually and in the aggregate, are not deemed to be material to the consolidated financial statements.

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