Segment Reporting

3 Months Ended

Jun. 30, 2013

Segment Reporting (Thousands of Dollars) [Abstract]

Segment Reporting

(11) Segment Reporting

Hasbro is a worldwide leader in children's and family leisure time products and services with a broad portfolio of brands and entertainment properties across toys, games and licensed products ranging from traditional to high-tech and digital. 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 boys' action figures, vehicles and playsets, girls' toys, electronic toys and games, plush products, preschool toys and infant products, electronic interactive products, toy-related specialty products, traditional board games and puzzles, DVD-based games and trading card and role-playing games 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 lifestyle licensing, digital gaming, movie, television and online entertainment operations. The Global Operations segment is responsible for manufacturing and 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, certain restructuring charges, 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, including global product 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 Eliminations. The accounting policies of the segments are the same 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 2013, nor were those of the comparable 2012 period representative of those actually experienced for the full year 2012. 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 reported amounts for the quarter and six-month periods ended June 30, 2013 and July 1, 2012 are as follows.

	Quarter Ended
	June 30, 2013					July 1, 2012
Net revenues	External		Affiliate			External		Affiliate
U.S. and Canada	$	389,243		1,065			406,588		1,294
International		340,176		26			360,493		26
Entertainment and Licensing		35,336		3,301			43,216		1,513
Global Operations (a)		1,587		291,699			1,170		298,500
Corporate and Eliminations		-		(296,091	)		-		(301,333	)
	$	766,342		-			811,467		-

	Six Months Ended
	June 30, 2013					July 1, 2012
Net revenues	External		Affiliate			External		Affiliate
U.S. and Canada	$	731,302		2,094			735,573		2,262
International		629,989		225			650,222		175
Entertainment and Licensing		66,110		5,522			72,552		2,830
Global Operations (a)		2,635		505,985			1,970		556,199
Corporate and Eliminations		-		(513,826	)		-		(561,466	)
	$	1,430,036		-			1,460,317		-

	Quarter Ended						Six Months Ended
Operating profit (loss)	June 30, 2013			July 1, 2012			June 30, 2013			July 1, 2012
U.S. and Canada	$	59,004			60,928			96,747			75,339
International		14,793			29,851			10,288			24,767
Entertainment and Licensing		3,712			8,192			8,997			15,930
Global Operations (a)		(4,357	)		(8,983	)		(13,940	)		(21,716	)
Corporate and Eliminations (b)		936			(3,706	)		(17,377	)		7,688
	$	74,088			86,282			84,715			102,008

Total assets	June 30, 2013			July 1, 2012			Dec. 30, 2012
U.S. and Canada	$	6,220,141			5,476,742			6,041,893
International		1,915,951			1,845,126			2,176,021
Entertainment and Licensing		1,206,380			1,090,416			1,164,715
Global Operations		2,626,250			2,188,285			2,493,976
Corporate and Eliminations (b)		(7,790,423	)		(6,585,848	)		(7,551,218	)
	$	4,178,299			4,014,721			4,325,387

(a) The Global Operations segment derives substantially all of its revenues, and thus its operating results, from intersegment activities.

(b) Certain intangible assets, primarily goodwill, which benefit multiple operating segments are reflected as Corporate assets for segment reporting purposes. In accordance with accounting standards related to impairment testing, these amounts have been allocated to the reporting unit which benefits from their use. In addition, 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 difference between actual and budgeted amounts is reflected in Corporate and Eliminations.

Restructuring charges for the quarter and six-month periods ended June 30, 2013 and July 1, 2012 were included by segment as follows:

	Quarter Ended				Six Months Ended
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
U.S. and Canada	$	-		-		-		2,444
International		-		-		-		1,628
Entertainment and Licensing		-		-		1,729		555
Global Operations		-		-		-		4,307
Corporate and Eliminations		2,462		-		29,659		2,196
Total Charges	$	2,462		-		31,388		11,130

The following table represents consolidated International segment net revenues by major geographic region for the quarter and six-month periods ended June 30, 2013 and July 1, 2012.

	Quarter Ended				Six Months Ended
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
Europe	$	185,860		198,153		378,449		406,266
Latin America		82,816		82,779		128,529		121,748
Asia Pacific		71,500		79,561		123,011		122,208
Net revenues	$	340,176		360,493		629,989		650,222

The following table presents consolidated net revenues by class of principal products for the quarter and six-month periods ended June 30, 2013 and July 1, 2012. The Company has reclassified $1,012 and $2,012 of net revenues for the quarter and six-month periods ended July 1, 2012 previously reported in the Other category to the Games category.

	Quarter Ended				Six Months Ended
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
Boys	$	253,684		389,062		496,480		691,821
Games		255,409		214,842		486,324		397,758
Girls		149,419		104,191		264,193		197,427
Preschool		107,830		103,372		183,039		173,311
Net revenues	$	766,342		811,467		1,430,036		1,460,317