XML 30 R12.htm IDEA: XBRL DOCUMENT
v3.21.2

Goodwill | 6 Months Ended
--- | ---
Jun. 27, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill | Goodwill During the first quarter of 2021, the Company realigned its financial reporting structure creating the following three principal reportable segments: Consumer Products, Wizards of the Coast & Digital Gaming and Entertainment. In our realignment, some, but not all, of our reporting units were changed. As a result of these changes, the Company reallocated its goodwill among the revised reporting units based on the change in relative fair values of the respective reporting units.
|  | Consumer Products |  | Wizards of the Coast & Digital Gaming |  | Entertainment |  | Total
2021 |  |  |  |  |  |  |  |
Balance at December 27, 2020 |  | $ | 1,385.7 |  | 53.1 |  | 2,252.9 |  | $ | 3,691.7
Goodwill allocation |  | 199.4 |  | 254.2 |  | (453.6) |  | —
Foreign exchange translation |  | — |  | 0.4 |  | (0.3) |  | 0.1
Impairment during the period |  | — |  | — |  | (101.8) |  | (101.8)
Reclass to assets held-for-sale |  | — |  | — |  | (169.2) |  | (169.2)
Balance at June 27, 2021 |  | $ | 1,585.1 |  | 307.7 |  | 1,528.0 |  | $ | 3,420.8
In conjunction with the goodwill reallocation described above, during the first quarter of 2021, the Company performed an impairment test of goodwill balances held by the reporting units impacted by the segment realignment. The reporting units were tested as of December 28, 2020 and included our Europe, Asia Pacific, Global Consumer Products Licensing, Wizards of the Coast and Family Brands reporting units. Based on the results of the goodwill assessment, we determined that the fair values of each of these reporting units exceeded their carrying values, and as such, we concluded that there was no indication of goodwill impairment for these reporting units as of December 28, 2020. During the second quarter of 2021, the Company entered into a definitive agreement to sell the Entertainment One Music business ("eOne Music") for an aggregate sales price of $385.0 million, subject to certain closing adjustments related to working capital and net debt. Based on the value of the net assets held by eOne Music, which included goodwill and intangible assets allocated to eOne Music as part of the eOne acquisition, the Company recorded a pre-tax non-cash goodwill impairment charge of $101.8 million within Loss on Assets Held for Sale in the Consolidated Statements of Operations, and within the Entertainment segment for the quarter ended June 27, 2021.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2144439 + Details
Name: | us-gaap_GoodwillDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration