Income Taxes (Tables)

12 Months Ended

Dec. 29, 2013

Schedule of income taxes attributable to earnings before income taxes

Income taxes attributable to earnings before income taxes are:

	2013			2012			2011

Current
United States	$	12,760			64,076			49,233
State and local		1,677			1,587			2,538
International		72,640			67,826			52,176
		87,077			133,489			103,947

Deferred
United States		(10,751	)		(8,832	)		(1,973	)
State and local		(368	)		(303	)		(68	)
International		(8,064	)		(6,951	)		(880	)
		(19,183	)		(16,086	)		(2,921	)

Total income taxes	$	67,894			117,403			101,026

Schedule of effective income tax rate reconciliation

A reconciliation of the statutory United States federal income tax rate to Hasbro's effective income tax rate is as follows:

	2013			2012			2011

Statutory income tax rate		35.0	%		35.0	%		35.0	%
State and local income taxes, net		0.3			0.3			0.3
Tax on international earnings		(11.4	)		(9.4	)		(11.4	)
Exam settlements and statute expirations		(7.4	)		(7.0	)		(4.6	)
Other, net		2.8			7.0			1.5
		19.3	%		25.9	%		20.8	%

Schedule of components of earnings before income taxes, determined by tax jurisdiction

The components of earnings before income taxes, determined by tax jurisdiction, are as follows:

	2013		2012		2011

United States	$	54,424		113,893		132,255
International		297,398		339,509		354,138
Total earnings before income taxes	$	351,822		453,402		486,393

Schedule of deferred tax assets and liabilities

The components of deferred income tax expense (benefit) arise from various temporary differences and relate to items included in the consolidated statements of operations as well as items recognized in other comprehensive earnings. The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities at December 29, 2013 and December 30, 2012 are:

	2013			2012
Deferred tax assets:
Accounts receivable	$	20,853			21,410
Inventories		16,272			15,472
Loss carryforwards		27,870			25,083
Operating expenses		54,255			46,879
Pension		31,533			49,159
Other compensation		46,206			53,611
Postretirement benefits		12,873			16,447
Tax sharing agreement		24,835			25,510
Other		30,338			31,038
Gross deferred tax assets		265,035			284,609
Valuation allowance		(21,474	)		(17,145	)
Net deferred tax assets		243,561			267,464

Deferred tax liabilities:
Depreciation and amortization of long-lived assets		66,856			76,365
Equity method investment		18,571			19,967
Other		5,455			7,655
Deferred tax liabilities		90,882			103,987

Net deferred income taxes	$	152,679			163,477

Schedule of deferred tax assets and liabilities by balance sheet location

At December 29, 2013 and December 30, 2012, the Company's net deferred income taxes are recorded in the consolidated balance sheets as follows:

	2013			2012

Prepaid expenses and other current assets	$	86,634			85,429
Other assets		67,773			79,746
Accrued liabilities		(183	)		(641	)
Other liabilities		(1,545	)		(1,057	)
Net deferred income taxes	$	152,679			163,477

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of unrecognized tax benefits, excluding potential interest and penalties, for the fiscal years ended December 29, 2013, December 30, 2012 and December 25, 2011 is as follows:

	2013			2012			2011

Balance at beginning of year	$	103,067			83,814			91,109
Gross increases in prior period tax positions		8,677			3,089			811
Gross decreases in prior period tax positions		(33,181	)		(10,856	)		(33,501	)
Gross increases in current period tax positions		10,353			30,008			27,910
Decreases related to settlements with tax authorities		(31,478	)		-			(792	)
Decreases from the expiration of statute of limitations		(1,979	)		(2,988	)		(1,723	)
Balance at end of year	$	55,459			103,067			83,814