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Segment Reporting | 9 Months Ended
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Oct. 01, 2017
Segment Reporting (Thousands of Dollars) [Abstract] |
Segment Reporting | (9) Segment Reporting Hasbro is a global play and entertainment company 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 w ell as traditional board games, 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 Europe an, Asia Pacific, and Latin and South American regions. The Company's Entertainment and Licensing segment includes the Company's consumer products licensing, digital licensing and gaming, and movie and television entertainment operations. The Global Operations segment is re sponsible 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 elim ination 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 e xpenses 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 ac counting policies of the segments are the sa me as those referenced in note 1. Results shown for the quarter and nine months are not necessarily representative of those which may be expected for the full year 2017, nor were those of the com parable 2016 period representative of those actually experienced for the full year 2016. Similarly, such results are not necessarily those which would be achieved were each segment an unaffiliated business enterprise. Information by segment and a re conciliation to reported amounts for the quarter and nine-month periods ended October 1, 2017 and September 25, 2016 are as follows.
| Quarter Ended
| October 1, 2017 |  | September 25, 2016
Net revenues | External |  | Affiliate |  | External |  | Affiliate
U.S. and Canada | $ | 993,833 |  |  | 2,201 |  |  | 932,844 |  |  | 2,392
International |  | 739,229 |  |  | 198 |  |  | 690,745 |  |  | 417
Entertainment and Licensing |  | 58,440 |  |  | 7,714 |  |  | 56,130 |  |  | 7,806
Global Operations (a) |  | - |  |  | 665,746 |  |  | 38 |  |  | 629,090
Corporate and Eliminations |  | - |  |  | (675,859) |  |  | - |  |  | (639,705)
| $ | 1,791,502 |  |  | - |  |  | 1,679,757 |  |  | -
| Nine Months Ended
| October 1, 2017 |  | September 25, 2016
Net revenues | External |  | Affiliate |  | External |  | Affiliate
U.S. and Canada | $ | 1,939,837 |  |  | 7,047 |  |  | 1,802,391 |  |  | 5,388
International |  | 1,511,074 |  |  | 213 |  |  | 1,436,911 |  |  | 678
Entertainment and Licensing |  | 162,663 |  |  | 14,727 |  |  | 150,521 |  |  | 16,607
Global Operations (a) |  | 97 |  |  | 1,329,516 |  |  | 59 |  |  | 1,298,337
Corporate and Eliminations |  | - |  |  | (1,351,503) |  |  | - |  |  | (1,321,010)
| $ | 3,613,671 |  |  | - |  |  | 3,389,882 |  |  | -
| Quarter Ended |  | Nine Months Ended
| October 1, |  | September 25, |  | October 1, |  | September 25,
Operating profit (loss) | 2017 |  | 2016 |  | 2017 |  | 2016
U.S. and Canada | $ | 217,278 |  |  | 228,034 |  |  | 363,589 |  |  | 364,322
International |  | 132,007 |  |  | 133,075 |  |  | 149,435 |  |  | 165,582
Entertainment and Licensing |  | 16,910 |  |  | 14,095 |  |  | 39,580 |  |  | 33,367
Global Operations (a) |  | 11,497 |  |  | 24,852 |  |  | 4,723 |  |  | 25,428
Corporate and Eliminations (b) |  | (16,748) |  |  | (37,955) |  |  | (18,056) |  |  | (55,808)
| $ | 360,944 |  |  | 362,101 |  |  | 539,271 |  |  | 532,891
| October 1, |  | September 25, |  | December 25,
Total assets | 2017 |  | 2016 |  | 2016
U.S. and Canada | $ | 3,423,213 |  |  | 2,316,624 |  |  | 2,559,792
International |  | 2,524,821 |  |  | 2,261,742 |  |  | 2,368,761
Entertainment and Licensing |  | 884,014 |  |  | 632,933 |  |  | 692,898
Global Operations |  | 3,080,573 |  |  | 2,038,736 |  |  | 2,326,566
Corporate and Eliminations (b) |  | (4,367,973) |  |  | (2,294,888) |  |  | (2,856,651)
| $ | 5,544,648 |  |  | 4,955,147 |  |  | 5,091,366
(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 b etween actual and budgeted amounts are reflected in Corporate and Eliminations because allocations are translated from the U.S. Dollar to local currenc y at budget rates when recorded. 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 s and nine-month periods ended October 1, 2017 and September 25, 2016.
| Quarter Ended |  | Nine Months Ended
| October 1, |  | September 25, |  | October 1, |  | September 25,
| 2017 |  | 2016 |  | 2017 |  | 2016
Europe | $ | 467,740 |  |  | 452,834 |  |  | 921,467 |  |  | 905,081
Latin America |  | 174,446 |  |  | 154,985 |  |  | 339,071 |  |  | 307,949
Asia Pacific |  | 97,043 |  |  | 82,926 |  |  | 250,536 |  |  | 223,881
Net revenues | $ | 739,229 |  |  | 690,745 |  |  | 1,511,074 |  |  | 1,436,911
The following table presents consolidated net revenues by brand portfolio for the quarter s and nine-month periods ended October 1, 2017 and September 25, 2016.
| Quarter Ended |  | Nine Months Ended
| October 1, |  | September 25, |  | October 1, |  | September 25,
| 2017 |  | 2016 |  | 2017 |  | 2016
Franchise brands | $ | 827,282 |  |  | 773,415 |  |  | 1,803,744 |  |  | 1,642,057
Partner brands |  | 485,747 |  |  | 493,738 |  |  | 928,724 |  |  | 979,051
Hasbro gaming |  | 280,097 |  |  | 229,850 |  |  | 549,736 |  |  | 456,516
Emerging brands |  | 198,376 |  |  | 182,754 |  |  | 331,467 |  |  | 312,258
Net revenues | $ | 1,791,502 |  |  | 1,679,757 |  |  | 3,613,671 |  |  | 3,389,882
Hasbro's total gaming category, including the Hasbro Gaming portfolio as reported above and all other gaming revenue, most notably MAGIC: THE GATHERING and MONOPOLY, which are included in the Franchise Brands portfolio, totaled $424,836 and $951,386 for the quarter and nine months ended October 1, 2017, respectively. For the quarter and nine months ended September 25, 2016, revenues were $409,528 and $868,373, respectively. Hasbro believes its gaming portfolio is a competitive differentiator and vie ws it in its entirety.

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- 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 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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