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Commitments and Contingencies | 12 Months Ended
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Dec. 30, 2018
Commitments and Contingencies [Abstract] |
Commitments and Contingencies | (20) Commitments and Contingencies Hasbro had unused open letters of credit and related instruments of approximately $29,000 and $36,500 at December 3 0, 201 8 and December 31, 201 7, 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 existing agreements as of December 3 0, 201 8, Hasbro may, provided the other party meets their contractual commitment, be required to pay amounts as follows: 2019: $78,711; 2020: $103,166; 2021: $90,350; 2022: $64,892; 2023: $153; and th ereafter: $459. At December 3 0, 201 8, the Company had $72,671 of prepaid royalties, $38,321 of which are included in prepaid expenses and other current assets and $34,350 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 $50,000 that are not included in the amounts above that may be payable during th e year contingent upon the quan tity 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 $33,8 00 and may ran ge from approximately $4,500 to $5,400 per year during the period 2019 to 2023, and approximately $9,230 in aggregate for all years occurring thereafter. These payments are contingent upon the Company having sufficient taxable income to realize the expecte d tax deductions of certain amounts related to the joint venture. At December 30, 2018, the Company estimates payments related to inventory and tooling purchase commitments may total approximately $536,688, including contractual commitments under the man ufacturing agreement with Cartamundi as follows: 20 19: $102,772 and 20 20: $81,423. 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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- Definition The entire disclosure for commitments and contingencies. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -URI http://asc.fasb.org/topic&trid=2127136 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -URI http://asc.fasb.org/topic&trid=2144648 + Details
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