Hasbro (HAS) 10-Q 2 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 25, 2016	Oct. 17, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	HASBRO INC
Entity Central Index Key	46,080
Current Fiscal Year End Date	--12-25
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		124,787,571
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 25, 2016
Trading Symbol	HAS

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 25, 2016	Dec. 27, 2015	Sep. 27, 2015
Current assets
Cash and cash equivalents	$ 830,372	$ 976,750	$ 551,292
Accounts receivable, less allowance for doubtful accounts of $36,500, $16,200 and $14,900	1,452,931	1,217,850	1,390,274
Inventories	607,701	384,492	447,090
Prepaid expenses and other current assets	255,983	286,506	320,895
Total current assets	3,146,987	2,865,598	2,709,551
Property, plant and equipment, less accumulated depreciation of $383,500, $358,100 and $363,600	247,231	237,527	219,656
Other assets
Goodwill	604,700	592,695	592,781
Other intangibles, net, accumulated amortization of $867,300, $832,900 and $841,300	254,637	280,807	289,200
Other	701,592	744,090	755,959
Total other assets	1,560,929	1,617,592	1,637,940
Total assets	4,955,147	4,720,717	4,567,147
Current liabilities
Short-term borrowings	178,666	164,563	113,970
Current portion of long-term debt	349,611	0	0
Accounts payable	344,874	241,210	282,772
Accrued liabilities	742,568	658,874	642,827
Total current liabilities	1,615,719	1,064,647	1,039,569
Long-term debt	1,198,461	1,547,115	1,546,796
Other liabilities	364,378	404,883	396,772
Total liabilities	3,178,558	3,016,645	2,983,137
Redeemable noncontrolling interests	34,829	40,170	41,173
Shareholders' equity
Preference stock of $2.50 par value. Authorized 5,000,000 shares; none issued	0	0	0
Common stock of $.50 par value. Authorized 600,000,000 shares; issued 209,694,630 at September 25, 2016, September 27, 2015, and December 27, 2015	104,847	104,847	104,847
Additional paid-in capital	959,859	893,630	863,543
Retained earnings	4,019,370	3,852,321	3,733,995
Accumulated other comprehensive loss	(203,989)	(146,001)	(126,185)
Treasury stock, at cost; 84,751,773 shares at September 25, 2016; 84,987,076 shares at September 27, 2015; and 84,899,200 shares at December 27, 2015	(3,138,327)	(3,040,895)	(3,033,363)
Total shareholders' equity	1,741,760	1,663,902	1,542,837
Total liabilities, redeemable noncontrolling interests and shareholders' equity	$ 4,955,147	$ 4,720,717	$ 4,567,147

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) Parenthetical - USD ($) $ in Thousands	Sep. 25, 2016	Dec. 27, 2015	Sep. 27, 2015
Current assets
Accounts receivable, allowance for doubtful accounts	$ 36,500	$ 14,900	$ 16,200
Property, plant and equipment, accumulated depreciation	383,500	363,600	358,100
Other assets
Other intangibles, accumulated amortization	$ 867,300	$ 841,300	$ 832,900
Shareholders' equity
Preference stock, par value (in dollars per share)	$ 2.5	$ 2.5	$ 2.5
Preference stock, authorized shares (in shares)	5,000,000	5,000,000	5,000,000
Preference stock, issued (in shares)	0	0	0
Common stock, par value (in dollars per share)	$ 0.5	$ 0.5	$ 0.5
Common stock, authorized shares (in shares)	600,000,000	600,000,000	600,000,000
Common stock, issued (in shares)	209,694,630	209,694,630	209,694,630
Treasury stock, at cost; shares (in shares)	84,751,773	84,899,200	84,987,076

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2016	Sep. 27, 2015	Sep. 25, 2016	Sep. 27, 2015
Consolidated Statements of Operations (Unaudited) [Abstract]
Net revenues	$ 1,679,757	$ 1,470,997	$ 3,389,882	$ 2,982,155
Costs and expenses
Cost of sales	658,986	579,149	1,270,902	1,122,283
Royalties	134,294	113,950	273,671	230,108
Product development	70,083	64,793	190,918	174,299
Advertising	154,132	142,029	320,948	288,136
Amortization of intangibles	8,691	9,031	26,073	35,330
Program production cost amortization	6,282	11,496	17,501	29,812
Selling, distribution and administration	285,188	247,022	756,978	668,955
Total costs and expenses	1,317,656	1,167,470	2,856,991	2,548,923
Operating Profit	362,101	303,527	532,891	433,232
Non-operating (income) expense
Interest Expense	24,305	24,045	72,263	72,816
Interest income	(1,944)	(672)	(6,469)	(2,292)
Other (income) expense, net	(6,584)	(4,463)	(5,460)	(9,870)
Total non-operating expense, net	15,777	18,910	60,334	60,654
Earnings before income taxes	346,324	284,617	472,557	372,578
Income tax expense	90,162	78,242	120,005	100,100
Net earnings	256,162	206,375	352,552	272,478
Net loss attributable to noncontrolling interests	(1,636)	(1,224)	(6,103)	(3,597)
Net Earnings Attributable to Hasbro, Inc.	$ 257,798	$ 207,599	$ 358,655	$ 276,075
Net earnings attributable to Hasbro, Inc. per common share:
Basic (in dollars per share)	$ 2.05	$ 1.66	$ 2.86	$ 2.21
Diluted (in dollars per share)	2.03	1.64	2.82	2.18
Cash dividends declared per common share (in dollars per share)	$ 0.51	$ 0.46	$ 1.53	$ 1.38

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Earnings - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2016	Sep. 27, 2015	Sep. 25, 2016	Sep. 27, 2015
Consolidated Statements of Comprehensive Earnings [Abstract]
Net earnings	$ 256,162	$ 206,375	$ 352,552	$ 272,478
Other comprehensive earnings (loss):
Foreign currency translation adjustments	(1,483)	(39,086)	18,482	(85,755)
Net gains (losses) on cash flow hedging activities, net of tax	(12,960)	25,948	(37,004)	78,576
Unrealized holding (losses) gains on available-for-sale securities, net of tax	(390)	(1,231)	963	(290)
Changes in unrecognized pension and postretirement amounts, net of tax	0	5,194	0	5,194
Reclassifications to earnings, net of tax:
Net (gains) losses on cash flow hedging activities	(16,028)	(12,698)	(43,952)	(30,117)
Amortization of unrecognized pension and postretirement amounts	1,173	(836)	3,523	1,661
Total other comprehensive earnings (loss), net of tax	(29,688)	(22,709)	(57,988)	(30,731)
Comprehensive earnings	226,474	183,666	294,564	241,747
Comprehensive loss attributable to noncontrolling interests	(1,636)	(1,224)	(6,103)	(3,597)
Comprehensive earnings attributable to Hasbro, Inc.	$ 228,110	$ 184,890	$ 300,667	$ 245,344

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 25, 2016	Sep. 27, 2015
Cash flows from operating activities
Net earnings	$ 352,552	$ 272,478
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation of plant and equipment	89,327	86,393
Amortization of intangibles	26,073	35,330
Program production cost amortization	17,501	29,812
Deferred income taxes	25,091	(10,236)
Stock-based compensation	39,673	33,073
Change in operating assets and liabilities:
Decrease (Increase) in accounts receivable	(224,172)	(382,573)
Decrease (Increase) in inventories	(214,734)	(156,221)
Decrease (Increase) in prepaid expenses and other current assets	(4,063)	39,521
Program Production Costs	(36,010)	(28,222)
Increase (Decrease) in accounts payable and accrued liabilities	129,661	165,632
Other	(47,118)	(15,429)
Net cash provided by operating activities	153,781	69,558
Cash flows from investing activities
Additions to property, plant and equipment	(103,639)	(97,873)
Cash proceeds from dispositions	0	18,632
Investment and acquisitions, net of cash acquired	(12,436)	(3,000)
Other	25,576	23,447
Net cash utilized by investing activities	(90,499)	(58,794)
Cash flows from financing activities
Net (repayments of) proceeds from other short-term borrowings	14,160	(138,101)
Purchases of common stock	(104,273)	(74,110)
Stock option transactions	37,515	33,929
Excess tax benefits from stock-based compensation	19,712	9,804
Dividends paid	(185,265)	(168,393)
Other financing activities	762	928
Net cash utilized by financing activities	(217,389)	(335,943)
Effect of exchange rate changes on cash	7,729	(16,696)
Increase (Decrease) in cash and cash equivalents	(146,378)	(341,875)
Cash and cash equivalents at beginning of year	976,750	893,167
Cash and cash equivalents at end of period	830,372	551,292
Cash paid during the period for:
Interest	74,700	78,056
Income taxes	$ 64,854	$ 80,833

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 25, 2016
Basis of Presentation [Abstract]
Basis of Presentation	(1 ) Basis of Presentation In the opinion of management, the accompanying unaudited interim financial statements contain all normal and recurring adjustments necessary to present fairly the financial position of Hasbro, Inc. and all majority-owned subsidiaries ("Hasbro" or the "Company") as of September 25, 2016 and September 27, 2015 , and th e results of its operations and cash flows for the periods then ended in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The preparation of financial statements in conformity with U.S. GAAP requires m anagement to make estimates and assumptions that affect the amounts reported in the financial statements and notes thereto. Actual results could differ from those estimates. The quarters ended September 25, 2016 and September 27, 2015 are each 13-week periods. The nine -month periods ended September 25, 2016 and September 27, 2015 are each 39 -week periods. The results of operations for the quarter and nine -month periods ended September 25, 2016 are not necessarily indicative of results to be expected for the full year, nor were those of the comparable 2015 periods representative of those actually experienced for the full year 2015 . These condensed consolidated financial statements have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and disclosures normally included in the consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. The Company filed audited consolidated financial statements for the fiscal year ended December 27, 2015 in its Annual Report on Form 10-K, which includes all such information and disclosures and, accordingly, should be read in conjunction with the financial information included herein. The Company's accounting policies are the same as those described in Note 1 to the Company's consolidated financial statements in its Annual Report on Form 10-K for the fiscal year ended December 27, 2015 . Certain amounts in the 2015 consolidated financial statements have been reclassified to conform to the 2016 presentation .

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 25, 2016
Earnings Per Share (Thousands of Dollars and Shares Except Per Share Data) [Abstract]
Earnings Per Share	(2 ) Earnings Per Share Net earnings per share data for the quarter s and nine -month periods ended September 25, 2016 and September 27, 2015 were computed as follows: 2016 2015 Quarter Basic Diluted Basic Diluted Net earnings attributable to Hasbro, Inc. $ 257,798 257,798 207,599 207,599 Average shares outstanding 125,500 125,500 125,100 125,100 Effect of dilutive securities: Options and other share-based awards - 1,678 - 1,817 Equivalent Shares 125,500 127,178 125,100 126,917 Net earnings attributable to Hasbro, Inc. per common share $ 2.05 2.03 1.66 1.64 2016 2015 Nine Months Basic Diluted Basic Diluted Net earnings attributable to Hasbro, Inc. $ 358,655 358,655 276,075 276,075 Average shares outstanding 125,414 125,414 125,016 125,016 Effect of dilutive securities: Options and other share-based awards - 1,642 - 1,673 Equivalent Shares 125,414 127,056 125,016 126,689 Net earnings attributable to Hasbro, Inc. per common share $ 2.86 2.82 2.21 2.18 For the quarter ended September 25, 2016 , options and restricted stock units totaling 492 were excluded from the calculation of diluted earnings per share because to include them would have been antidilutive. No options and restricted stock units were excluded from the calculation of diluted earnings per share f or the quarter ended September 27, 2015 . For the nine -month periods ended September 25, 2016 and September 27, 2015 , options and restricted stock units totaling 492 and 261 , r espectively, were excluded from the calculation of diluted earnings per share because to include them would have been antidilutive.

Other Comprehensive Earnings (L

Other Comprehensive Earnings (Loss)	9 Months Ended
	Sep. 25, 2016
Other Comprehensive Earnings (Loss) [Abstract]
Other Comprehensive Earnings (Loss)	(3 ) Other Comprehensive Earnings (Loss) Components of other comprehensive earnings (loss) are presented within the consolidated statements of comprehensive earnings. The following table presents the related tax effects on changes in other comprehensive earnings (loss) for the quarter and nine -month periods ended September 25, 2016 and September 27, 2015 . Quarter Ended Nine Months Ended September 25, September 27, September 25, September 27, 2016 2015 2016 2015 Other comprehensive earnings (loss), tax effect: Tax benefit (expense) on cash flow hedging activities $ 1,420 (7,400) 9,423 (11,362) Tax benefit (expense) on unrealized holding gains (losses) 221 700 (547) 164 Tax expense on changes in unrecognized pension and postretirement amounts - (660) - (660) Reclassifications to earnings, tax effect: Tax expense on cash flow hedging activities 2,456 1,487 5,274 2,537 Tax (benefit) expense on unrecognized pension and postretirement amounts (666) 338 (1,999) (942) Total tax effect on other comprehensive earnings (loss) $ 3,431 (5,535) 12,151 (10,263) Changes in the components of accumulated other comprehensive loss for the nine months ended September 25, 2016 and September 27, 2015 are as follows: Unrealized Holding Total Gains Gains on Foreign Accumulated Pension and (Losses) on Available- Currency Other Postretirement Derivative for-Sale Translation Comprehensive Amounts Instruments Securities Adjustments Earnings (Loss) 2016 Balance at December 27, 2015 $ (102,931) 79,317 1,258 (123,645) (146,001) Current period other comprehensive earnings (loss) 3,523 (80,956) 963 18,482 (57,988) Balance at September 25, 2016 $ (99,408) (1,639) 2,221 (105,163) (203,989) 2015 Balance at December 28, 2014 $ (113,092) 43,689 1,900 (27,951) (95,454) Current period other comprehensive earnings (loss) 6,855 48,459 (290) (85,755) (30,731) Balance at September 27, 2015 $ (106,237) 92,148 1,610 (113,706) (126,185) At September 25, 2016 , the Company had remaining net deferred gains on foreign currency forward c ontracts, net of tax, of $16,864 in accumulated other comprehensive loss ("AOCE"). These instruments hedge payments related to i nventory purchased in the third quarter of 2016 or forecasted to be purcha sed during the remainder of 2016 and, to a lesser extent, 2017 through 2021 , intercompany expenses expected to be paid or received during 2016 and 2017 , cash receipts for sal es made at the end of the third quarter of 2016 or forecasted to be made in the remainder of 2016 and, to a lesser extent, 2017 through 2018 . These amounts will be reclassified into the consolidated statements of operations upon the sale of the related inventory or recognition of the related sal es or expenses. In addition to foreign currency forward contracts, the Company entered into hedging contracts on future interest payments related to the long-term notes due 2021 and 2044. At the date of debt issuance in 2014 , these contracts were termin ated and the fair value on the date of settlement was deferred in AOCE and is being amortized to interest expense over the life of the related notes using the effective interest rate method. At September 25, 2016 , deferr ed losses, net of tax of $18,503 related to these instruments remained in AOCE. For the quarter s ended September 25, 2016 and September 27, 2015 , previously deferred losses of $450 were reclassified from AOCE to net earnings. For the nine month periods ended September 25, 2016 and September 27, 2015 , previously def erred losses of $1,349 were reclassified from AOCE to net earnings. Of the amount included in AOCE at September 25, 2016 , the Company expects net gains of approximately $11,699 to be reclassified to the consolidated statements of operations within the next 12 months. However , the amount ultimately realized in earnings is dependent on the fair value of the hedging instruments on the settlement dates.

Financial Instruments

Financial Instruments	9 Months Ended
	Sep. 25, 2016
Financial Instruments (Thousands of Dollars) [Abstract]
Financial Instruments	(4 ) Financial Instruments The Company's financial instruments include cash and cash equivalents, accounts receivable, short-term borrowings, accounts payable and certain accrued liabilities. At September 25, 2016 , September 27, 2015 and December 27, 2015 , the carrying cost of these instruments approximated their fair value. The Company's financial instruments at September 25, 2016 , September 27, 2015 and December 27, 2015 also include certain assets and liabilities mea sured at fair value (see Notes 6 an d 8 ) as well as long-term borrowings. The carrying costs which are equal to the outstanding principal amounts, and fair values of the Company's long-term borrowings as of September 25, 2016 , September 27, 2015 and December 27, 2015 are as follows: September 25, 2016 September 27, 2015 December 27, 2015 Carrying Fair Carrying Fair Carrying Fair Cost Value Cost Value Cost Value 6.35% Notes Due 2040 $ 500,000 611,200 500,000 563,400 500,000 556,300 6.30% Notes Due 2017 350,000 366,205 350,000 379,925 350,000 374,045 5.10% Notes Due 2044 300,000 324,450 300,000 291,900 300,000 286,710 3.15% Notes Due 2021 300,000 310,620 300,000 303,990 300,000 300,060 6.60% Debentures Due 2028 109,895 132,786 109,895 123,225 109,895 121,269 Total long-term debt $ 1,559,895 1,745,261 1,559,895 1,662,440 1,559,895 1,638,384 Less: Current portion 350,000 366,205 - - - - Less: Deferred debt expenses 11,434 - 13,099 - 12,780 - Long-term debt $ 1,198,461 1,379,056 1,546,796 1,662,440 1,547,115 1,638,384 Current portion of long-term debt of $349,611 as shown on the balance sheet represents the $350,000 principal of 6.30% notes less $389 of deferred debt expenses . The fair values of the Company's long-term debt are considered Level 3 fair values (see Note 6 for further discussion of the fair value hierarchy) and are measured using the discounted future cash flows method. In addition to the debt terms, the valuation methodology includes an assumption of a discount rate tha t approximates the current yield on a similar debt security. This assumption is considered an unobservable input in that it reflects the Company's own assumptions about the inputs that market participants would use in pricing the asset or liability. The Co mpany believes that this is the best information available for use in the fair value measurement. In April 2015, the FASB issued ASU No. 2015-03, Interest – Imputation of Interest (ASC 835-30), which simplifies the presentation of debt issuance costs. ASU 2015-03 requires debt issuance costs related to long-term debt to be presented in the balance sheet as a reduction to the carrying amount of the related debt liability, consistent with the presentation of discounts. The Company adopted ASU 2015-03 at Dece mber 27, 2015 and deferred debt expenses are presented as a reduction of long-term debt. Deferred d e bt expenses of $13,099 have been reclassified from other assets in the consolidated bal ance sheet for September 27, 2015, to reflect this change in accounting pr inciple.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 25, 2016
Income Taxes (Thousands of Dollars) [Abstract]
Income Taxes	(5 ) Income Taxes The Company and its subsidiaries file income tax returns in the United States and various state and international jurisdictions. In the normal course of business, the Company is regularly audited by U.S. federal, state and local and international tax authorities in various tax jurisdictions. The Company is no longer subject to U.S. federal income tax examinations for years before 2012. The Company’s claims for refund s for 2012 and 2013 U.S. federal income tax returns are currently un der exam. With few exceptions, the Company is no longer subject to U.S. state or local and non-U.S. income tax examinations by tax authorities in its major jurisdictions for years before 2009. The Company is currently under income tax examination in severa l U.S. state and local and non-U.S. jurisdictions. In November 2015, the FASB issued ASU 2015-17, Income Taxes , which simplifies the presentation of deferred income taxes by removing the requirement to bifurcate deferred income tax assets and liabilities between current and non-current. The Company adopted ASU 2015-17 as of December 27, 2015 and deferred income tax assets and liabilities are presented as non-current in the consolidated balance sheets. This adoption was applied retrospectively and $68,565 h as been reclassified from prepaid expenses and other current assets to other assets and $10,927 has been reclassified from accrued liabilities to other liabilities in the consolidated balance sheet as of September 27, 2015.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 25, 2016
Fair Value of Financial Instruments (Thousands of Dollars) [Abstract]
Fair Value of Financial Instruments	(6) Fair Value of Financial Instruments The Company measures certain financial instruments at fair value. The fair value hierarchy consists of three levels: Level 1 fair values are based on quoted market prices in active markets for identical assets or liabilities that the entity has the ability to access; Level 2 fair values are those based on quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by o bservable data for substantially the full term of the assets or liabilities; and Level 3 fair values are based on inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Accounting standards permit entities to measure many financial instruments and certain other items at fair value and establish presentation and disclosure requirements designed to facilitate comparisons between entities that choose different measurement attributes f or similar assets and liabilities. The Company has elected the fair value option for certain available-for-sale investments. At September 25, 2016 , September 27, 2015 and December 27, 2015 , t hese investments totaled $23,490, $22,834 and $22,539 , respectively, and are included in prepaid expenses and other current assets in the consolidated balance sheets. The Co mpany recorded net gains of $440 and $922 on these investments in other (income) expense, net for the quarter and nine -months ended September 25, 2016 , respectively, related to the change in fair value of such instruments. For the quarter and nine - month periods ended September 27, 2015 the Company recorded net losses of $176 and $246 , respectively, in other (income) expense, net, related to the chang e in fair value of such instruments. At September 25, 2016 , September 27, 2015 and December 27, 2015 , the Company had the following assets and liabilities measured at fair value (excluding assets for which the fair value is measured using net asset value per share) in its consolidated balance sheets: Fair Value Measurements Using: Quoted Prices in Active Markets Significant for Other Significant Identical Observable Unobservable Fair Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) September 25, 2016 Assets: Available-for-sale securities $ 4,986 4,986 - - Derivatives 39,115 - 39,115 - Total assets $ 44,101 4,986 39,115 - Liabilities: Derivatives $ 19,390 - 19,390 - Option agreement 27,460 - - 27,460 Total liabilities $ 46,850 - 19,390 27,460 September 27, 2015 Assets: Available-for-sale securities $ 4,029 4,029 - - Derivatives 119,123 - 119,123 - Total assets $ 123,152 4,029 119,123 - Liabilities: Derivatives $ 605 - 605 - Option agreement 24,780 - - 24,780 Total liabilities $ 25,385 - 605 24,780 December 27, 2015 Assets: Available-for-sale securities $ 3,476 3,476 - - Derivatives 107,634 - 107,634 - Total assets $ 111,110 3,476 107,634 - Liabilities: Derivatives $ 1,240 - 1,240 - Option agreement 28,360 - - 28,360 Total Liabilities $ 29,600 - 1,240 28,360 Available-for-sale securities include equity securities of one company quoted on an active public market . The Company' s derivatives consist of foreign currency forward contracts. The Company used current forward rates of the respective foreign currencies to measure the fair value of these contracts. The option agreement included in other liabilities at September 25, 2016 , September 27, 2015 and December 27, 2015 , is valued using an option pricing model based on the fair value of the related investment. Inputs used in the option pricing model include the volatility and fair value of the underlying compan y which are considered unobservable inputs as they reflect the Company's own assumptions about the inputs that market participants would use in pricing the asset or liability. The Company believes that this is the best information available for use in the fair value measurement. There were no changes in these valua tion techniques during the nine -month period ended September 25, 2016 . The following is a reconciliation of the beginning and ending balances of the fair value measurements of the Company's fin ancial instruments which use significant unobservable inputs (Level 3): 2016 2015 Balance at beginning of year $ (28,360) (25,340) Gain from change in fair value 900 560 Balance at end of third quarter $ (27,460) (24,780) In addition to the above, the Company has three investments for which the fair value is measured using net asset value per share. At September 25, 2016 , September 27, 2015 and December 27, 2015 , these investments had fair values of $23,490, $22,834 and $22,539, respectively. Two of the investments have net asset values that are predominantly based on underlying investments which are traded on an active market and are redeemable within 45 days. The third investment invests in hedge funds which are ge nerally redeemable on a quarterly basis with 30 – 90 days’ notice. In May 2015, the FASB issued ASU No. 2015-07, Fair Value Measurement — Disclosure for Investments in Certain Entities that Calculate Net Asset Value Per Share (or its Equivalent) , which simplifies the presentation of the fair value hierarchy by removing the requirement to include those investments that are eligible to be measured at fair value using the net asset value per share practical expedient. The Company adopted ASU 2015-07 in the first quarter of 2016. Prior year disclosures have been adjusted to confo rm to current year presentation .

Pension and Postretirement Bene

Pension and Postretirement Benefits	9 Months Ended
	Sep. 25, 2016
Pension and Postretirement Benefits (Thousands of Dollars) [Abstract]
Pension and Postretirement Benefits	(7) Pension and Postretirement Benefits The components of the net periodic cost of the Company's defined benefit pension and other postretireme nt plans for the quarter and nine -month periods ended September 25, 2016 and September 27, 2015 are as follows: Quarter Ended Pension Postretirement September 25, September 27, September 25, September 27, 2016 2015 2016 2015 Service cost $ 1,002 1,006 132 150 Interest cost 4,611 4,603 294 285 Expected return on assets (5,512) (5,476) - - Net amortization and deferrals 2,134 2,202 - (114) Curtailment - 643 - (3,842) Net periodic benefit cost $ 2,235 2,978 426 (3,521) Nine Months Ended Pension Postretirement September 25, September 27, September 25, September 27, 2016 2015 2016 2015 Service cost $ 2,995 3,038 397 450 Interest cost 13,821 13,827 881 855 Expected return on assets (16,523) (16,452) - - Net amortization and deferrals 6,398 6,610 - (341) Curtailment - 781 - (3,842) Net periodic benefit cost $ 6,691 7,804 1,278 (2,878) During the nine months ended September 25, 2016 , the Company made cash contributions to its defined benefit pe nsion plans of approximately $64,800 in the aggregate. The Company expects to contribute approximately $350 during the remainder of fiscal 2016 .

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 25, 2016
Derivative Financial Instruments (Thousands of Dollars) [Abstract]
Derivative Financial Instruments	(8 ) Derivative Financial Instruments Hasbro uses foreign currency forward contracts to mitigate the impact of currency rate fluctuations on firmly committed and projected future foreign currency transactions. These over-the-counter contracts, which hedge future currency requirements related to purchases of inventory, product sales and other cross-border transactions not denominated in the functional currency of the business unit, are primarily denominated in United States and Hong Kong dollars, and E uros. All contracts are entered into with a number of counterparties, all of which are major financial institutions. The Company believes that a default by a single counterparty would not have a material adverse effect on the financial condition of the Com pany. Hasbro does not enter into derivative financial instruments for speculative purposes. Cash Flow Hedges The Company uses foreign currency forward contracts to reduce the impact of currency rate fluctuations on firmly committed and projected future foreign currency transactions. All of the Company's designated foreign currency forward contracts are considered to be cash flow hedges. These instruments hedge a portion of the Company's currency requirements associated with anticipated inventory purchases, product sales and other cross-border transactions in 2016 through 2021 . At September 25, 2016 , September 27, 2015 and December 27, 2015 , the notional amounts and fair values of the Company's foreign currency forward contracts designated as cash flow hedging instruments were as follows: September 25, 2016 September 27, 2015 December 27, 2015 Notional Fair Notional Fair Notional Fair Hedged transaction Amount Value Amount Value Amount Value Inventory purchases $ 1,045,400 23,662 1,122,827 124,422 1,380,488 108,521 Sales 318,283 (559) 213,841 (3,352) 97,350 803 Royalties and Other 233,367 (4,111) 57,360 (2,512) 54,360 (1,886) Total $ 1,597,050 18,992 1,394,028 118,558 1,532,198 107,438 The Company has a master agreement with each of its counterparties that allows for the netting of outstanding forward contracts. The fair values of the Company's foreign currency forward contracts designated as cash flow hedges are recorded in the consolidated balance sheets at September 25, 2016 , September 27, 2015 and December 27, 2015 as follows: September 25, September 27, December 27, 2016 2015 2015 Prepaid expenses and other current assets Unrealized gains $ 34,179 81,718 78,910 Unrealized losses (9,247) (9,717) (5,932) Net unrealized gain $ 24,932 72,001 72,978 Other assets Unrealized gains $ 20,974 48,111 35,366 Unrealized losses (7,524) (989) (710) Net unrealized gains $ 13,450 47,122 34,656 Accrued liabilities Unrealized gains $ 4,352 62 - Unrealized losses (19,420) (566) - Net unrealized loss $ (15,068) (504) - Other liabilities Unrealized gains $ 992 - 241 Unrealized losses (5,314) (61) (437) Net unrealized loss $ (4,322) (61) (196) Net gains (losses) on cash flow hedging activities have been reclassified from other comprehensive earnings (loss) to net earnings for the quarter and nine -month periods ended September 25, 2016 and September 27, 2015 as follows: Quarter Ended Nine Months Ended September 25, September 27, September 25, September 27, 2016 2015 2016 2015 Statements of Operations Classification Cost of sales $ 13,863 19,244 40,999 41,990 Sales 7,125 (4,507) 7,541 (8,506) Other (1,505) (377) (2,236) (322) Net realized gains $ 19,483 14,360 46,304 33,162 In addition, (losses) gains of $(549) and $4,271 were reclassified to earnings as a result of hedge ineffectiveness for the quarter and nine -month periods ended September 25, 2016 , respectively. Net gains of $275 and $842 were reclassified to earnings as a result of hedge ineffectiveness for the quarter and nine -month periods ended September 27, 2015 , respectively . Undesignated Hedges The Company also enters into foreign currency forward contracts to minimize the impact of changes in the fair value of intercompany loans due to foreign currency fluctuations. Due to the nature of the derivative contracts involved, the Company does not use hedge accounting for these contracts. At September 25, 2016 , September 27, 2015 and December 27, 2015 the total notional amounts of the Company's undesignated deri vative instruments were $264,029 , $263,247 and $341,389 , respectively. At September 25, 2016 , September 27, 2015 and December 27, 2015 , the fair values of the Company's undesignated derivative financial instruments were recorded in the consolidated balance sheets as follows: September 25, September 27, December 27, 2016 2015 2015 Prepaid expenses and other current assets Unrealized gains $ 812 93 - Unrealized losses (79) - - Net unrealized gain 733 93 - Accrued liabilities Unrealized gains - 360 416 Unrealized losses - (493) (1,460) Net unrealized loss - (133) (1,044) Total unrealized gain (loss), net $ 733 (40) (1,044) The Comp any recorded net gains of $6,533 and $14,867 on these instruments to other (income) expense, net for the quarter and nine -month periods ended September 25, 2016 , respectively, and $21,070 and $40,024 on these instruments to other (income) expe nse, net for the quarter and nine -month periods ended September 27, 2015 , respectively, relating to the change in fair value of such derivatives, substantially offsetting gains and losses from the change in fair value o f intercompany loans to which the contracts relate. F or additional information related to the Company's derivative f inancial instruments see Notes 4 and 6 .

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 25, 2016
Segment Reporting (Thousands of Dollars) [Abstract]
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 product s, as well as traditional board games and puzzles, 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 Pacific, 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 operatio ns. 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 elimination 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, inclu ding 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 include d in Corporate and Eliminations. The accounting 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 2016 , nor were those of the comparable 2015 period representative of those actually experienced for the full year 2015 . Similarly, such results are not necessarily those which would be achieved were each segment an unaffiliated business enter prise. Information by segment and a reconciliation to reported amounts for the quarter and nine -month periods ended September 25, 2016 and September 27, 2015 are as follows. Quarter Ended September 25, 2016 September 27, 2015 Net revenues External Affiliate External Affiliate U.S. and Canada $ 932,844 2,392 803,824 1,352 International 690,745 417 612,645 8 Entertainment and Licensing 56,130 7,806 52,139 7,604 Global Operations (a) 38 629,090 2,389 595,476 Corporate and Eliminations - (639,705) - (604,440) $ 1,679,757 - 1,470,997 - Nine Months Ended September 25, 2016 September 27, 2015 Net revenues External Affiliate External Affiliate U.S. and Canada $ 1,802,391 5,388 1,534,697 4,120 International 1,436,911 678 1,281,118 8 Entertainment and Licensing 150,521 16,607 160,410 15,038 Global Operations (a) 59 1,298,337 5,930 1,183,183 Corporate and Eliminations - (1,321,010) - (1,202,349) $ 3,389,882 - 2,982,155 - Quarter Ended Nine Months Ended September 25, September 27, September 25, September 27, Operating profit (loss) 2016 2015 2016 2015 U.S. and Canada $ 228,034 187,052 364,322 275,622 International 133,075 114,206 165,582 141,470 Entertainment and Licensing 14,095 16,245 33,367 40,090 Global Operations (a) 24,852 13,805 25,428 12,042 Corporate and Eliminations (b) (37,955) (27,781) (55,808) (35,992) $ 362,101 303,527 532,891 433,232 September 25, September 27, December 27, Total assets 2016 2015 2015 U.S. and Canada $ 2,316,624 3,569,803 2,654,270 International 2,261,742 2,486,589 2,345,847 Entertainment and Licensing 632,933 727,002 567,753 Global Operations 2,038,736 2,431,866 2,410,142 Corporate and Eliminations (b) (2,294,888) (4,648,113) (3,257,295) $ 4,955,147 4,567,147 4,720,717 (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 US Dollar to local currency at budget rates when recorded, and Corporate and Eliminations also includes the elimination of inter-comp any balance sheet amounts. The following table represents consolidated International segment net revenues by major geographic region for the quarter and nine -month periods ended September 25, 2016 and September 27, 2015 . Quarter Ended Nine Months Ended September 25, September 27, September 25, September 27, 2016 2015 2016 2015 Europe $ 452,834 389,024 905,081 770,555 Latin America 154,985 141,901 307,949 297,877 Asia Pacific 82,926 81,720 223,881 212,686 Net revenues $ 690,745 612,645 1,436,911 1,281,118 The following table presents consolidated net revenues by class of principal products for the quarter and nine -month periods ended September 25, 2016 and September 27, 2015 . Quarter Ended Nine Months Ended September 25, September 27, September 25, September 27, 2016 2015 2016 2015 Boys $ 605,452 593,094 1,297,358 1,206,118 Games 409,528 363,470 868,373 810,748 Girls 462,021 294,785 799,700 539,401 Preschool 202,756 219,648 424,451 425,888 Net revenues $ 1,679,757 1,470,997 3,389,882 2,982,155

Acquisition

Acquisition	9 Months Ended
	Sep. 25, 2016
Acquisitions [Abstract]
Business Combination Disclosure [TextBlock]	(10) Acquisition On July 13, 2016 , the Company acquired Boulder Media Limited (“Boulder”), an animation studio based in Dublin, Ireland. The consideration included an initial cash payment of approximately $ 13.2 million and provisions for future earnout payments. Based on the Company’s preliminary analysis , goodwill in the amount of $ 11.8 million was recorded. The final analysis will be completed during the fourth quarter of 2016 .

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 25, 2016
Earnings Per Share (Thousands of Dollars and Shares Except Per Share Data) [Abstract]
Earnings Per Share	2016 2015 Quarter Basic Diluted Basic Diluted Net earnings attributable to Hasbro, Inc. $ 257,798 257,798 207,599 207,599 Average shares outstanding 125,500 125,500 125,100 125,100 Effect of dilutive securities: Options and other share-based awards - 1,678 - 1,817 Equivalent Shares 125,500 127,178 125,100 126,917 Net earnings attributable to Hasbro, Inc. per common share $ 2.05 2.03 1.66 1.64 2016 2015 Nine Months Basic Diluted Basic Diluted Net earnings attributable to Hasbro, Inc. $ 358,655 358,655 276,075 276,075 Average shares outstanding 125,414 125,414 125,016 125,016 Effect of dilutive securities: Options and other share-based awards - 1,642 - 1,673 Equivalent Shares 125,414 127,056 125,016 126,689 Net earnings attributable to Hasbro, Inc. per common share $ 2.86 2.82 2.21 2.18

Other Comprehensive Earnings 18

Other Comprehensive Earnings (Loss) (Tables)	9 Months Ended
	Sep. 25, 2016
Other Comprehensive Earnings (Loss) [Abstract]
Schedule of Other Comprehensive Income, Tax Effect [Text Block]	Quarter Ended Nine Months Ended September 25, September 27, September 25, September 27, 2016 2015 2016 2015 Other comprehensive earnings (loss), tax effect: Tax benefit (expense) on cash flow hedging activities $ 1,420 (7,400) 9,423 (11,362) Tax benefit (expense) on unrealized holding gains (losses) 221 700 (547) 164 Tax expense on changes in unrecognized pension and postretirement amounts - (660) - (660) Reclassifications to earnings, tax effect: Tax expense on cash flow hedging activities 2,456 1,487 5,274 2,537 Tax (benefit) expense on unrecognized pension and postretirement amounts (666) 338 (1,999) (942) Total tax effect on other comprehensive earnings (loss) $ 3,431 (5,535) 12,151 (10,263)
Schedule of Accumulated Other Comprehensive Earnings (Loss)	Unrealized Holding Total Gains Gains on Foreign Accumulated Pension and (Losses) on Available- Currency Other Postretirement Derivative for-Sale Translation Comprehensive Amounts Instruments Securities Adjustments Earnings (Loss) 2016 Balance at December 27, 2015 $ (102,931) 79,317 1,258 (123,645) (146,001) Current period other comprehensive earnings (loss) 3,523 (80,956) 963 18,482 (57,988) Balance at September 25, 2016 $ (99,408) (1,639) 2,221 (105,163) (203,989) 2015 Balance at December 28, 2014 $ (113,092) 43,689 1,900 (27,951) (95,454) Current period other comprehensive earnings (loss) 6,855 48,459 (290) (85,755) (30,731) Balance at September 27, 2015 $ (106,237) 92,148 1,610 (113,706) (126,185)

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
	Sep. 25, 2016
Financial Instruments (Thousands of Dollars) [Abstract]
Schedule of Long-term Debt Instruments	September 25, 2016 September 27, 2015 December 27, 2015 Carrying Fair Carrying Fair Carrying Fair Cost Value Cost Value Cost Value 6.35% Notes Due 2040 $ 500,000 611,200 500,000 563,400 500,000 556,300 6.30% Notes Due 2017 350,000 366,205 350,000 379,925 350,000 374,045 5.10% Notes Due 2044 300,000 324,450 300,000 291,900 300,000 286,710 3.15% Notes Due 2021 300,000 310,620 300,000 303,990 300,000 300,060 6.60% Debentures Due 2028 109,895 132,786 109,895 123,225 109,895 121,269 Total long-term debt $ 1,559,895 1,745,261 1,559,895 1,662,440 1,559,895 1,638,384 Less: Current portion 350,000 366,205 - - - - Less: Deferred debt expenses 11,434 - 13,099 - 12,780 - Long-term debt $ 1,198,461 1,379,056 1,546,796 1,662,440 1,547,115 1,638,384

Fair Value of Financial Instr20

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 25, 2016
Fair Value of Financial Instruments (Thousands of Dollars) [Abstract]
Fair Value Hierarchy	Fair Value Measurements Using: Quoted Prices in Active Markets Significant for Other Significant Identical Observable Unobservable Fair Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) September 25, 2016 Assets: Available-for-sale securities $ 4,986 4,986 - - Derivatives 39,115 - 39,115 - Total assets $ 44,101 4,986 39,115 - Liabilities: Derivatives $ 19,390 - 19,390 - Option agreement 27,460 - - 27,460 Total liabilities $ 46,850 - 19,390 27,460 September 27, 2015 Assets: Available-for-sale securities $ 4,029 4,029 - - Derivatives 119,123 - 119,123 - Total assets $ 123,152 4,029 119,123 - Liabilities: Derivatives $ 605 - 605 - Option agreement 24,780 - - 24,780 Total liabilities $ 25,385 - 605 24,780 December 27, 2015 Assets: Available-for-sale securities $ 3,476 3,476 - - Derivatives 107,634 - 107,634 - Total assets $ 111,110 3,476 107,634 - Liabilities: Derivatives $ 1,240 - 1,240 - Option agreement 28,360 - - 28,360 Total Liabilities $ 29,600 - 1,240 28,360
Reconciliation of Level 3 Fair Value	2016 2015 Balance at beginning of year $ (28,360) (25,340) Gain from change in fair value 900 560 Balance at end of third quarter $ (27,460) (24,780)

Pension and Postretirement Be21

Pension and Postretirement Benefits (Tables)	9 Months Ended
	Sep. 25, 2016
Pension and Postretirement Benefits (Thousands of Dollars) [Abstract]
Components of net periodic cost	Quarter Ended Pension Postretirement September 25, September 27, September 25, September 27, 2016 2015 2016 2015 Service cost $ 1,002 1,006 132 150 Interest cost 4,611 4,603 294 285 Expected return on assets (5,512) (5,476) - - Net amortization and deferrals 2,134 2,202 - (114) Curtailment - 643 - (3,842) Net periodic benefit cost $ 2,235 2,978 426 (3,521) Nine Months Ended Pension Postretirement September 25, September 27, September 25, September 27, 2016 2015 2016 2015 Service cost $ 2,995 3,038 397 450 Interest cost 13,821 13,827 881 855 Expected return on assets (16,523) (16,452) - - Net amortization and deferrals 6,398 6,610 - (341) Curtailment - 781 - (3,842) Net periodic benefit cost $ 6,691 7,804 1,278 (2,878)

Derivative Financial Instrume22

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 25, 2016
Derivative Financial Instruments (Thousands of Dollars) [Abstract]
Summary of Cash Flow Hedging Instruments	September 25, 2016 September 27, 2015 December 27, 2015 Notional Fair Notional Fair Notional Fair Hedged transaction Amount Value Amount Value Amount Value Inventory purchases $ 1,045,400 23,662 1,122,827 124,422 1,380,488 108,521 Sales 318,283 (559) 213,841 (3,352) 97,350 803 Royalties and Other 233,367 (4,111) 57,360 (2,512) 54,360 (1,886) Total $ 1,597,050 18,992 1,394,028 118,558 1,532,198 107,438
Derivatives Fair Value by Balance Sheet Location	September 25, September 27, December 27, 2016 2015 2015 Prepaid expenses and other current assets Unrealized gains $ 34,179 81,718 78,910 Unrealized losses (9,247) (9,717) (5,932) Net unrealized gain $ 24,932 72,001 72,978 Other assets Unrealized gains $ 20,974 48,111 35,366 Unrealized losses (7,524) (989) (710) Net unrealized gains $ 13,450 47,122 34,656 Accrued liabilities Unrealized gains $ 4,352 62 - Unrealized losses (19,420) (566) - Net unrealized loss $ (15,068) (504) - Other liabilities Unrealized gains $ 992 - 241 Unrealized losses (5,314) (61) (437) Net unrealized loss $ (4,322) (61) (196)
Schedule of Derivative Instruments, Gain (Loss) in Statement of Operations	Quarter Ended Nine Months Ended September 25, September 27, September 25, September 27, 2016 2015 2016 2015 Statements of Operations Classification Cost of sales $ 13,863 19,244 40,999 41,990 Sales 7,125 (4,507) 7,541 (8,506) Other (1,505) (377) (2,236) (322) Net realized gains $ 19,483 14,360 46,304 33,162
Fair values of undesignated derivative financial instruments	September 25, September 27, December 27, 2016 2015 2015 Prepaid expenses and other current assets Unrealized gains $ 812 93 - Unrealized losses (79) - - Net unrealized gain 733 93 - Accrued liabilities Unrealized gains - 360 416 Unrealized losses - (493) (1,460) Net unrealized loss - (133) (1,044) Total unrealized gain (loss), net $ 733 (40) (1,044)

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 25, 2016
Segment Reporting (Thousands of Dollars) [Abstract]
Net revenues by segment	Quarter Ended September 25, 2016 September 27, 2015 Net revenues External Affiliate External Affiliate U.S. and Canada $ 932,844 2,392 803,824 1,352 International 690,745 417 612,645 8 Entertainment and Licensing 56,130 7,806 52,139 7,604 Global Operations (a) 38 629,090 2,389 595,476 Corporate and Eliminations - (639,705) - (604,440) $ 1,679,757 - 1,470,997 - Nine Months Ended September 25, 2016 September 27, 2015 Net revenues External Affiliate External Affiliate U.S. and Canada $ 1,802,391 5,388 1,534,697 4,120 International 1,436,911 678 1,281,118 8 Entertainment and Licensing 150,521 16,607 160,410 15,038 Global Operations (a) 59 1,298,337 5,930 1,183,183 Corporate and Eliminations - (1,321,010) - (1,202,349) $ 3,389,882 - 2,982,155 -
Operating profit (loss) by segments	Quarter Ended Nine Months Ended September 25, September 27, September 25, September 27, Operating profit (loss) 2016 2015 2016 2015 U.S. and Canada $ 228,034 187,052 364,322 275,622 International 133,075 114,206 165,582 141,470 Entertainment and Licensing 14,095 16,245 33,367 40,090 Global Operations (a) 24,852 13,805 25,428 12,042 Corporate and Eliminations (b) (37,955) (27,781) (55,808) (35,992) $ 362,101 303,527 532,891 433,232
Total assets by segments	September 25, September 27, December 27, Total assets 2016 2015 2015 U.S. and Canada $ 2,316,624 3,569,803 2,654,270 International 2,261,742 2,486,589 2,345,847 Entertainment and Licensing 632,933 727,002 567,753 Global Operations 2,038,736 2,431,866 2,410,142 Corporate and Eliminations (b) (2,294,888) (4,648,113) (3,257,295) $ 4,955,147 4,567,147 4,720,717
Schedule of net revenues by international region	Quarter Ended Nine Months Ended September 25, September 27, September 25, September 27, 2016 2015 2016 2015 Europe $ 452,834 389,024 905,081 770,555 Latin America 154,985 141,901 307,949 297,877 Asia Pacific 82,926 81,720 223,881 212,686 Net revenues $ 690,745 612,645 1,436,911 1,281,118
Net revenues by product category	Quarter Ended Nine Months Ended September 25, September 27, September 25, September 27, 2016 2015 2016 2015 Boys $ 605,452 593,094 1,297,358 1,206,118 Games 409,528 363,470 868,373 810,748 Girls 462,021 294,785 799,700 539,401 Preschool 202,756 219,648 424,451 425,888 Net revenues $ 1,679,757 1,470,997 3,389,882 2,982,155

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2016	Sep. 27, 2015	Sep. 25, 2016	Sep. 27, 2015
Earnings Per Share (Thousands of Dollars and Shares Except Per Share Data) [Abstract]
Net Earnings Attributable to Hasbro, Inc.	$ 257,798	$ 207,599	$ 358,655	$ 276,075
Basic [Abstract]
Average shares outstanding (in shares)	125,500	125,100	125,414	125,016
Equivalent shares (basic) (in shares)	125,500	125,100	125,414	125,016
Net earnings attributable to Hasbro, Inc. per common share-basic (in dollars per share)	$ 2.05	$ 1.66	$ 2.86	$ 2.21
Diluted [Abstract]
Average shares outstanding (in shares)	125,500	125,100	125,414	125,016
Effect of dilutive securities:
Options and other share-based awards (in shares)	1,678	1,817	1,642	1,673
Equivalent shares (diluted) (in shares)	127,178	126,917	127,056	126,689
Net earnings attributable to Hasbro, Inc. per common share-diluted (in dollars per share)	$ 2.03	$ 1.64	$ 2.82	$ 2.18
Employee Stock Option and Restricted Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options to acquire shares totaling excluded as antidilutive	492	0	492	261

Other Comprehensive Earnings 25

Other Comprehensive Earnings (Loss), Tax Effects on Changes in Other Comprehensive Earnings (loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2016	Sep. 27, 2015	Sep. 25, 2016	Sep. 27, 2015
Other Comprehensive Earnings (Loss) [Abstract]
Tax benefit (expense) on cash flow hedging activities	$ 1,420	$ (7,400)	$ 9,423	$ (11,362)
Tax benefit (expense) on unrealized holding gains	221	700	(547)	164
Tax expense on changes in unrecognized pension and postretirement amounts	0	(660)	0	(660)
Reclassification Adjustment from AOCE, Tax expense (benefit) on cash flow hedging activities	2,456	1,487	5,274	2,537
Reclassification Adjustment from AOCE, Tax expense (benefit) on amortization of unrecognized pension and postretirement amounts	(666)	338	(1,999)	(942)
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent, Total	3,431	$ (5,535)	$ 12,151	$ (10,263)
Cash Flow Hedge gains to be Reclassified within Twelve Months	$ 11,699

Other Comprehensive Earnings 26

Other Comprehensive Earnings (Loss), Changes in the components of accumulated other comprehensive loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2016	Sep. 27, 2015	Sep. 25, 2016	Sep. 27, 2015
Accumulated Other Comprehensive (Loss) [Line Items]
Total accumulated other comprehensive earnings (loss), Beginning of Year			$ (146,001)	$ (95,454)
Other Comprehensive Earnings (Loss), Net of Tax, Total	$ (29,688)	$ (22,709)	(57,988)	(30,731)
Total accumulated other comprehensive earnings (loss), End of Period	(203,989)	(126,185)	(203,989)	(126,185)
Pension and Postretirement Amounts [Member]
Accumulated Other Comprehensive (Loss) [Line Items]
Total accumulated other comprehensive earnings (loss), Beginning of Year			(102,931)	(113,092)
Other Comprehensive Earnings (Loss), Net of Tax, Total			3,523	6,855
Total accumulated other comprehensive earnings (loss), End of Period	(99,408)	(106,237)	(99,408)	(106,237)
Gains (Losses) On Derivative Instruments [Member]
Accumulated Other Comprehensive (Loss) [Line Items]
Total accumulated other comprehensive earnings (loss), Beginning of Year			79,317	43,689
Other Comprehensive Earnings (Loss), Net of Tax, Total			(80,956)	48,459
Total accumulated other comprehensive earnings (loss), End of Period	(1,639)	92,148	(1,639)	92,148
Gains (Losses) On Derivative Instruments [Member] | Interest Rate Contract [Member]
Accumulated Other Comprehensive (Loss) [Line Items]
Total accumulated other comprehensive earnings (loss), End of Period	(18,503)		(18,503)
Gains (Losses) On Derivative Instruments [Member] | Foreign Exchange Forward [Member]
Accumulated Other Comprehensive (Loss) [Line Items]
Total accumulated other comprehensive earnings (loss), End of Period	16,864		16,864
Unrealized Holding Gains on Available-for-Sale Securities [Member]
Accumulated Other Comprehensive (Loss) [Line Items]
Total accumulated other comprehensive earnings (loss), Beginning of Year			1,258	1,900
Other Comprehensive Earnings (Loss), Net of Tax, Total			963	(290)
Total accumulated other comprehensive earnings (loss), End of Period	2,221	1,610	2,221	1,610
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive (Loss) [Line Items]
Total accumulated other comprehensive earnings (loss), Beginning of Year			(123,645)	(27,951)
Other Comprehensive Earnings (Loss), Net of Tax, Total			18,482	(85,755)
Total accumulated other comprehensive earnings (loss), End of Period	$ (105,163)	$ (113,706)	$ (105,163)	$ (113,706)

Other Comprehensive Earnings 27

Other Comprehensive Earnings (Loss), Reclassification From Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2016	Sep. 27, 2015	Sep. 25, 2016	Sep. 27, 2015
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest Expense	$ 24,305	$ 24,045	$ 72,263	$ 72,816
Reclassification out of Accumulated Other Comprehensive Income [Member] | Gains (Losses) On Derivative Instruments [Member] | Interest Rate Contract [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest Expense	$ 450	$ 450	$ 1,349	$ 1,349

Financial Instruments (Details)

Financial Instruments (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 25, 2016	Dec. 27, 2015	Sep. 27, 2015
Debt Instrument [Line Items]
Carrying Cost	$ 1,559,895	$ 1,559,895	$ 1,559,895
Current portion of long-term debt	350,000	0	0
Less: Deferred debt expenses	11,434	12,780	13,099
Long-term debt	1,198,461	1,547,115	1,546,796
Fair Value	1,745,261	1,638,384	1,662,440
Long-Term Debt Fair Value, Current Maturities	366,205
Long-term Debt Fair Value, Excluding Current Maturities	1,379,056
Notes 6.35% Due 2040 [Member]
Debt Instrument [Line Items]
Carrying Cost	500,000	500,000	500,000
Fair Value	$ 611,200	556,300	563,400
Maturity Date	Mar. 15, 2040
Interest Rate	6.35%
Notes 6.30% Due 2017 [Member]
Debt Instrument [Line Items]
Carrying Cost	$ 350,000	350,000	350,000
Fair Value	$ 366,205	374,045	379,925
Maturity Date	Sep. 15, 2017
Interest Rate	6.30%
Notes 5.10% Due 2044 [Member]
Debt Instrument [Line Items]
Carrying Cost	$ 300,000	300,000	300,000
Fair Value	$ 324,450	286,710	291,900
Maturity Date	May 16, 2044
Interest Rate	5.10%
Notes 3.15% Due 2021 [Member]
Debt Instrument [Line Items]
Carrying Cost	$ 300,000	300,000	300,000
Fair Value	$ 310,620	300,060	303,990
Maturity Date	May 17, 2021
Interest Rate	3.15%
Debentures 6.60% Due 2028 [Member]
Debt Instrument [Line Items]
Carrying Cost	$ 109,895	109,895	109,895
Fair Value	$ 132,786	$ 121,269	$ 123,225
Maturity Date	Jan. 18, 2028
Interest Rate	6.60%

Income Taxes (Details)

Income Taxes (Details) $ in Thousands	Sep. 27, 2015USD ($)
Income Tax Examination [Line Items]
Reclass from Prepaid Expenses and Other Current Assets to Other Assets	$ 68,565
Reclass from Accrued Liabilities to Other Liabilities	$ 10,927

Fair Value of Financial Instr30

Fair Value of Financial Instruments, Assests and Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands	Sep. 25, 2016	Dec. 27, 2015	Sep. 27, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, assets	$ 4,986	$ 3,476	$ 4,029
Derivatives, assets	39,115	107,634	119,123
Total assets, fair value hierarchy	44,101	111,110	123,152
Derivatives, liabilities	19,390	1,240	605
Option Agreement	27,460	28,360	24,780
Total Liabilities	46,850	29,600	25,385
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, assets	4,986	3,476	4,029
Derivatives, assets	0	0	0
Total assets, fair value hierarchy	4,986	3,476	4,029
Derivatives, liabilities	0	0	0
Option Agreement	0	0	0
Total Liabilities	0	0	0
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, assets	0	0	0
Derivatives, assets	39,115	107,634	119,123
Total assets, fair value hierarchy	39,115	107,634	119,123
Derivatives, liabilities	19,390	1,240	605
Option Agreement	0	0	0
Total Liabilities	19,390	1,240	605
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale securities, assets	0	0	0
Derivatives, assets	0	0	0
Total assets, fair value hierarchy	0	0	0
Derivatives, liabilities	0	0	0
Option Agreement	27,460	28,360	24,780
Total Liabilities	$ 27,460	$ 28,360	$ 24,780

Fair Value of Financial Instr31

Fair Value of Financial Instruments, Significant Unobservable Inputs Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2016	Sep. 27, 2015	Sep. 25, 2016	Sep. 27, 2015	Dec. 27, 2015
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of year			$ (28,360)	$ (25,340)
Gain from change in fair value			900	560
Balance at end of period	$ (27,460)	$ (24,780)	(27,460)	(24,780)
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Other (income) expense, net	6,584	4,463	5,460	9,870
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Alternative Investments, Fair Value Disclosure	23,490	22,834	23,490	22,834	$ 22,539
Other (income) expense, net	$ 440	$ (176)	$ 922	$ (246)

Pension and Postretirement Be32

Pension and Postretirement Benefits (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2016	Sep. 27, 2015	Sep. 25, 2016	Sep. 27, 2015
Pension [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 1,002	$ 1,006	$ 2,995	$ 3,038
Interest cost	4,611	4,603	13,821	13,827
Expected return on assets	(5,512)	(5,476)	(16,523)	(16,452)
Net amortization and deferrals	2,134	2,202	6,398	6,610
Curtailment losses	0	643	0	781
Net periodic benefit cost	2,235	2,978	6,691	7,804
Contributions to defined benefit pension plans			64,800
Expected contributions during the remainder of fiscal year			350
Postretirement [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	132	150	397	450
Interest cost	294	285	881	855
Expected return on assets	0	0	0	0
Net amortization and deferrals	0	(114)	0	(341)
Curtailment losses	0	(3,842)	0	(3,842)
Net periodic benefit cost	$ 426	$ (3,521)	$ 1,278	$ (2,878)

Derivative Financial Instrume33

Derivative Financial Instruments, Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2016	Sep. 27, 2015	Sep. 25, 2016	Sep. 27, 2015	Dec. 27, 2015
Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member] | Other Income (Expense) [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net	$ 6,533	$ 21,070	$ 14,867	$ 40,024
Not Designated as Hedging Instrument [Member] | Intercompany Loans [Member]
Derivative [Line Items]
Notional amount of derivative	264,029	263,247	264,029	263,247	$ 341,389
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member]
Derivative [Line Items]
Ineffective portion, amount of gains (losses) reclassified from other comprehensive earnings into earnings	(549)	275	4,271	842
Notional amount of derivative	$ 1,597,050	$ 1,394,028	$ 1,597,050	$ 1,394,028	$ 1,532,198

Derivative Financial Instrume34

Derivative Financial Instruments, Notional Amounts and Fair Values of Foreign Currency Forward Contracts Designated as Cash Flow Hedging Instruments (Details) - Cash Flow Hedging [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	Sep. 25, 2016	Dec. 27, 2015	Sep. 27, 2015
Foreign Exchange Forward [Member]
Derivative [Line Items]
Notional amount of derivative	$ 1,597,050	$ 1,532,198	$ 1,394,028
Fair value of hedged item	18,992	107,438	118,558
Inventory Purchases [Member]
Derivative [Line Items]
Notional amount of derivative	1,045,400	1,380,488	1,122,827
Fair value of hedged item	23,662	108,521	124,422
Sales [Member]
Derivative [Line Items]
Notional amount of derivative	318,283	97,350	213,841
Fair value of hedged item	(559)	803	(3,352)
Royalties and Other [Member]
Derivative [Line Items]
Notional amount of derivative	233,367	54,360	57,360
Fair value of hedged item	$ (4,111)	$ (1,886)	$ (2,512)

Derivative Financial Instrume35

Derivative Financial Instruments, Fair Values Derivatives, Balance Sheet Location, by Derivative Contract Type (Details) - Foreign Exchange Forward [Member] - USD ($) $ in Thousands	Sep. 25, 2016	Dec. 27, 2015	Sep. 27, 2015
Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Net unrealized gain (loss)	$ 733	$ (1,044)	$ (40)
Not Designated as Hedging Instrument [Member] | Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Unrealized gains	812	0	93
Unrealized losses	(79)	0	0
Net unrealized gain (loss)	733	0	93
Not Designated as Hedging Instrument [Member] | Accrued liabilities [Member]
Derivatives, Fair Value [Line Items]
Unrealized gains	0	416	360
Unrealized losses	0	(1,460)	(493)
Net unrealized gain (loss)	0	(1,044)	(133)
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Net unrealized gain (loss)	18,992	107,438	118,558
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Prepaid expenses and other current assets [Member]
Derivatives, Fair Value [Line Items]
Unrealized gains	34,179	78,910	81,718
Unrealized losses	(9,247)	(5,932)	(9,717)
Net unrealized gain (loss)	24,932	72,978	72,001
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Other Assets [Member]
Derivatives, Fair Value [Line Items]
Unrealized gains	20,974	35,366	48,111
Unrealized losses	(7,524)	(710)	(989)
Net unrealized gain (loss)	13,450	34,656	47,122
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Accrued liabilities [Member]
Derivatives, Fair Value [Line Items]
Unrealized gains	4,352	0	62
Unrealized losses	(19,420)	0	(566)
Net unrealized gain (loss)	(15,068)	0	(504)
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Other liabilities [Member]
Derivatives, Fair Value [Line Items]
Unrealized gains	992	241	0
Unrealized losses	(5,314)	(437)	(61)
Net unrealized gain (loss)	$ (4,322)	$ (196)	$ (61)

Derivative Financial Instrume36

Derivative Financial Instruments, Gain (Loss) by Hedging Relationship, by Income Statement Location (Details) - Foreign Exchange Forward [Member] - Cash Flow Hedging [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2016	Sep. 27, 2015	Sep. 25, 2016	Sep. 27, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion	$ 19,483	$ 14,360	$ 46,304	$ 33,162
Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion	13,863	19,244	40,999	41,990
Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion	7,125	(4,507)	7,541	(8,506)
Royalties and Other [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion	$ (1,505)	$ (377)	$ (2,236)	$ (322)

Segment Reporting, Net revenues

Segment Reporting, Net revenues by segment (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 25, 2016		Sep. 27, 2015		Sep. 25, 2016		Sep. 27, 2015
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues, external	$ 1,679,757		$ 1,470,997		$ 3,389,882		$ 2,982,155
Net revenues, affiliates	0		0		0		0
Operating Profit (Loss)	362,101		303,527		532,891		433,232
Corporate and Eliminations [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues, external	0		0		0		0
Net revenues, affiliates	(639,705)		(604,440)		(1,321,010)		(1,202,349)
Operating Profit (Loss)	(37,955)		(27,781)		(55,808)	[1]	(35,992)	[1]
U.S. and Canada [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues, external	932,844		803,824		1,802,391		1,534,697
Net revenues, affiliates	2,392		1,352		5,388		4,120
Operating Profit (Loss)	228,034		187,052		364,322		275,622
International [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues, external	690,745		612,645		1,436,911		1,281,118
Net revenues, affiliates	417		8		678		8
Operating Profit (Loss)	133,075		114,206		165,582		141,470
Entertainment and Licensing [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues, external	56,130		52,139		150,521		160,410
Net revenues, affiliates	7,806		7,604		16,607		15,038
Operating Profit (Loss)	14,095		16,245		33,367		40,090
Global Operations [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Net revenues, external	38	[2]	2,389	[2]	59		5,930
Net revenues, affiliates	629,090	[2]	595,476	[2]	1,298,337		1,183,183
Operating Profit (Loss)	$ 24,852		$ 13,805		$ 25,428	[2]	$ 12,042	[2]
[1]	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 US Dollar to local currency at budget rates when recorded, and Corporate and Eliminations also includes the elimination of inter-comp any balance sheet amounts.
[2]	The Global Operations segment derives substantially all of its revenues, and thus its operating results, from intersegment activities.

Segment Reporting, Total assets

Segment Reporting, Total assets by segments (Details) - USD ($) $ in Thousands		Sep. 25, 2016	Dec. 27, 2015	Sep. 27, 2015
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		$ 4,955,147	$ 4,720,717	$ 4,567,147
Corporate and Eliminations [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	[1]	(2,294,888)	(3,257,295)	(4,648,113)
U.S. and Canada [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		2,316,624	2,654,270	3,569,803
International [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		2,261,742	2,345,847	2,486,589
Entertainment and Licensing [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		632,933	567,753	727,002
Global Operations [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		$ 2,038,736	$ 2,410,142	$ 2,431,866
[1]	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 US Dollar to local currency at budget rates when recorded, and Corporate and Eliminations also includes the elimination of inter-comp any balance sheet amounts.

Segment Reporting, Internationa

Segment Reporting, International Segment Net Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2016	Sep. 27, 2015	Sep. 25, 2016	Sep. 27, 2015
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	$ 1,679,757	$ 1,470,997	$ 3,389,882	$ 2,982,155
International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	690,745	612,645	1,436,911	1,281,118
Europe [Member] | International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	452,834	389,024	905,081	770,555
Latin America [Member] | International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	154,985	141,901	307,949	297,877
Asia Pacific [Member] | International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	$ 82,926	$ 81,720	$ 223,881	$ 212,686

Segment Reporting, Revenue by P

Segment Reporting, Revenue by Products (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 25, 2016	Sep. 27, 2015	Sep. 25, 2016	Sep. 27, 2015
Revenue from External Customer [Line Items]
Net revenue	$ 1,679,757	$ 1,470,997	$ 3,389,882	$ 2,982,155
Boys [Member]
Revenue from External Customer [Line Items]
Net revenue	605,452	593,094	1,297,358	1,206,118
Games [Member]
Revenue from External Customer [Line Items]
Net revenue	409,528	363,470	868,373	810,748
Girls [Member]
Revenue from External Customer [Line Items]
Net revenue	462,021	294,785	799,700	539,401
Preschool [Member]
Revenue from External Customer [Line Items]
Net revenue	$ 202,756	$ 219,648	$ 424,451	$ 425,888

Acquisition (Details)

Acquisition (Details) - USD ($)	9 Months Ended
	Sep. 25, 2016	Dec. 27, 2015	Sep. 27, 2015
Business Acquisition [Line Items]
Goodwill	$ 604,700,000	$ 592,695,000	$ 592,781,000
Boulder Media [Member]
Business Acquisition [Line Items]
Date of Acquisition	Jul. 13, 2016
Business Acquisition, Name of Acquired Entity	Boulder Media Limited
Payments to Acquire Businesses, Gross	$ 13,200,000
Goodwill	$ 11,800,000