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Business Combination (Tables) | 12 Months Ended
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Dec. 27, 2020
Business Combinations [Abstract] |
Schedule of Total Consideration Transferred | The total consideration transferred, in thousands of dollars except per share data, was as follows:
Acquisition Consideration |
eOne common shares outstanding as of December 30, 2019 | 498,040 |
Cash consideration per share | $ | 7.35 |
Total consideration for shares outstanding | 3,658,345 |
Cash consideration for employee share based payment awards outstanding | 145,566 |
Cash consideration for extinguishment of debt | 831,130 |
Total cash consideration | 4,635,041 |
Less: Employee awards to be recorded as future stock compensation expense | 47,399 |
Total consideration transferred | $ | 4,587,642 |
Summary of Preliminary Allocation of Purchase Price | The following table summarizes our allocation of the December 30, 2019 eOne purchase price (in thousands of dollars), as adjusted during the year ended December 27, 2020:
| Initial Fair Value |  | Measurement Period Adjustments |  | Updated Fair Value
Cash, cash equivalents and restricted cash | $ | 183,713 |  |  | $ | (9,019) |  |  | $ | 174,694 |
Accounts receivable, net | 259,061 |  |  | (622) |  |  | 258,439 |
Inventories | 7,029 |  |  | — |  |  | 7,029 |
Other current assets | 286,270 |  |  | (12,968) |  |  | 273,302 |
Property, plant and equipment (including right of use assets) | 90,339 |  |  | 35,333 |  |  | 125,672 |
Intangible assets | 1,055,249 |  |  | 751 |  |  | 1,056,000 |
Content assets - IIC and IIP | 751,524 |  |  | (186,696) |  |  | 564,828 |
Other assets | 183,209 |  |  | (58,688) |  |  | 124,521 |
Short-term borrowings | (11,011) |  |  | (4,377) |  |  | (15,388) |
Current portion of long-term debt | (60,533) |  |  | (60,498) |  |  | (121,031) |
Accounts payable, and accrued liabilities | (761,086) |  |  | 100,244 |  |  | (660,842) |
Long-term debt | (149,118) |  |  | 67,279 |  |  | (81,839) |
Other liabilities | (262,644) |  |  | 19,087 |  |  | (243,557) |
Noncontrolling interests | (63,541) |  |  | (6,041) |  |  | (69,582) |
Estimated fair value of net assets acquired | 1,508,461 |  |  | (116,215) |  |  | 1,392,246 |
Goodwill | 3,079,181 |  |  | 116,215 |  |  | 3,195,396 |
Total purchase price | $ | 4,587,642 |  |  | $ | — |  |  | $ | 4,587,642 |
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination | The following table summarizes the intangible assets acquired as part of the eOne Acquisition for the year ended December 27, 2020:
Intangible assets acquired | Weighted Average Amortization Period | Fair value
Established brands | 10 years | 615,000 |
Trade names | 15 years | 100,000 |
Artist relationships | 14 years | 100,000 |
Music catalogs | 12 years | 120,000 |
Other | 8 years | $ | 121,000 |
Total intangible assets acquired | 11 years | $ | 1,056,000 |
Unaudited Supplemental Pro Forma Results of Operations | The following table summarizes net revenues and loss before income taxes, of eOne included in the Company's Consolidated Statement of Operations since the date of acquisition for the year ended December 27, 2020 (in thousands of dollars).
|  | Year Ended
|  | December 27, 2020
eOne: |  |
Net revenues |  | $ | 957,471 |
Loss before income taxes |  | (112,378) |
Pursuant to Topic 805, unaudited supplemental pro forma results of operations for the year ended December 29, 2019, as if the acquisition of eOne had occurred on December 31, 2018, the first day of the Company’s 2019 fiscal year are presented below (in thousands, except per share amounts):
|  | Year Ended
|  | December 29, 2019
Revenues |  | $ | 5,936,000 |
Net earnings |  | 351,313 |
Net earnings attributable to Hasbro, Inc. |  | 345,911 |
Net earnings per common share attributable to Hasbro, Inc.: |  |
Diluted |  | $ | 2.51 |
Basic |  | $ | 2.51 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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