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Segment Reporting | 3 Months Ended
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Apr. 01, 2018
Segment Reporting (Thousands of Dollars) [Abstract] |
Segment Reporting | (10) 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 well as trad itional 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 European, Asia Pac ific, 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 fo r 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 E liminations are certain corporate expenses, including the elimination of i ntersegment 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 e liminations. The accounting pol icies of the segments are the sa me as those referenced in note 1. Results shown for the quarter are not necessarily representative of those which may be expected for the full year 2018, nor were those of the comparable 2017 period representative of those actually experienced for the full year 2017. 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 repo rted amounts for the quarters ended April 1, 2018 and April 2, 2017 are as follow s:
| Quarter Ended
| April 1, 2018 |  | April 2, 2017
Net revenues | External |  | Affiliate |  | External |  | Affiliate
U.S. and Canada | $ | 364,297 |  |  | 2,133 |  |  | 451,577 |  |  | 2,391
International |  | 287,945 |  |  | 62 |  |  | 345,281 |  |  | -
Entertainment and Licensing |  | 64,021 |  |  | 3,576 |  |  | 52,729 |  |  | 3,502
Global Operations (a) |  | 78 |  |  | 253,320 |  |  | 76 |  |  | 260,229
Corporate and Eliminations(b) |  | - |  |  | (259,091) |  |  | - |  |  | (266,122)
| $ | 716,341 |  |  | - |  |  | 849,663 |  |  | -
| Quarter Ended
| April 1, |  | April 2,
Operating profit (loss) | 2018 |  | 2017
U.S. and Canada | $ | (23,383) |  |  | 64,754
International |  | (56,088) |  |  | 544
Entertainment and Licensing |  | 13,906 |  |  | 11,346
Global Operations (a) |  | 2,176 |  |  | 833
Corporate and Eliminations (b) |  | (17,030) |  |  | 866
| $ | (80,419) |  |  | 78,343
| April 1, |  | April 2, |  | December 31,
Total assets | 2018 |  | 2017 |  | 2017
U.S. and Canada | $ | 2,745,209 |  |  | 2,618,808 |  |  | 2,749,384
International |  | 2,033,928 |  |  | 1,964,343 |  |  | 2,499,985
Entertainment and Licensing |  | 673,248 |  |  | 763,988 |  |  | 626,193
Global Operations |  | 3,293,265 |  |  | 2,218,817 |  |  | 2,819,768
Corporate and Eliminations (b) |  | (4,016,578) |  |  | (2,920,086) |  |  | (3,405,347)
| $ | 4,729,072 |  |  | 4,645,870 |  |  | 5,289,983
(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 ended April 1, 2018 and April 2, 2017.
| Quarter Ended
| April 1, |  | April 2,
| 2018 |  | 2017
Europe | $ | 155,562 |  |  | 216,120
Latin America |  | 65,961 |  |  | 64,756
Asia Pacific |  | 66,422 |  |  | 64,405
Net revenues | $ | 287,945 |  |  | 345,281
The following table presents consolidated net revenues by brand portfolio for the quarter s ended April 1, 2018 and April 2, 2017.
| Quarter Ended
| April 1, |  | April 2,
| 2018 |  | 2017
Franchise Brands | $ | 361,706 |  |  | 449,160
Partner Brands |  | 200,592 |  |  | 212,962
Hasbro Gaming |  | 105,227 |  |  | 135,766
Emerging Brands |  | 48,816 |  |  | 51,775
Total | $ | 716,341 |  |  | 849,663
Franchise and Emerging Brands net revenues for the first quarter of 2017 have been restated to reflect the move of BABY ALIVE from Emerging Brands to Franchise Brands and the move of LITTLEST PET SHOP from Franchise Brands to Emerging Brands. Hasbro's total gaming category, including all gaming revenue, most notably MAGIC: THE GATHERING and MONOPOLY, totaled $203,542 for the first quarter of 201 8, compared to revenues of $253,289 for the first quarter of 2017.

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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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