Business Combination (Tables)

12 Months Ended

Dec. 27, 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 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