Business Combination (Tables)

3 Months Ended

Mar. 29, 2020

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 preliminary allocation of the December 30, 2019 eOne purchase price (in thousands of dollars):



	Estimated Fair Value
Cash, cash equivalents and restricted cash	$	183,713
Accounts receivable, net	259,061
Inventories	7,029
Other current assets	286,270
Property, plant and equipment (including right of use assets)	90,339
Intangible assets	1,055,249
Content assets - IIC and IIP	751,524
Other assets	183,209
Short-term borrowings	(60,533		)
Accounts payable, and accrued liabilities	(772,097		)
Long-term debt (including current portion)	(149,118		)
Other liabilities	(262,644		)
Noncontrolling interests	(63,541		)
Estimated fair value of net assets acquired	1,508,461
Goodwill	3,079,181
Total purchase price	$	4,587,642

Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill, by operating segment, for the three months ended March 29, 2020 is as follows:



(in thousands of dollars)	U.S and Canada		International		Entertainment, Licensing and Digital		eOne	Total

Balance at December 29,2019	$	291,577	170,218		32,789		—	$	494,584
Acquired during the period	—		—		—		3,079,181	3,079,181
Foreign exchange translation	—		(321	)	(794	)	—	(1,115		)
Balance at March 29, 2020	$	291,577	169,897		31,995		3,079,181	$	3,572,650

Unaudited Supplemental Pro Forma Results of Operations

Pursuant to Topic 805, unaudited supplemental pro forma results of operations for the three months ended March 31, 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):



	Unaudited
	March 31, 2019
Revenues	$	1,198,722
Net earnings	79,134
Net earnings attributable to Hasbro, Inc.	76,405

Net earnings per common share:
Diluted	$	0.56
Basic	$	0.56

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 quarter ended March 29, 2020 (in thousands of dollars).



	Quarter Ended
	March 29, 2020
eOne:
Net revenues	$	342,493
Loss before income taxes	(33,620		)