Income Taxes (Tables)

12 Months Ended

Dec. 28, 2014

Schedule of income taxes attributable to earnings before income taxes

Income taxes attributable to earnings before income taxes are:

	2014			2013			2012

Current
United States	$	70,390			12,760			64,076
State and local		3,134			1,677			1,587
International		62,909			72,640			67,826
		136,433			87,077			133,489

Deferred
United States		(15,448	)		(10,751	)		(8,832	)
State and local		(530	)		(368	)		(303	)
International		6,223			(8,064	)		(6,951	)
		(9,755	)		(19,183	)		(16,086	)

Total income taxes	$	126,678			67,894			117,403

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:

	2014	2013	2012

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	(8.1)	(11.4)	(9.4)
Exam settlements and statute expirations	(5.2)	(7.4)	(7.0)
Other, net	1.5	2.8	7.0
	23.5%	19.3%	25.9%

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:

	2014		2013		2012

United States	$	190,769		54,424		113,893
International		349,219		297,398		339,509
Total earnings before income taxes	$	539,988		351,822		453,402

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 28, 2014 and December 29, 2013 are:

	2014			2013
Deferred tax assets:
Accounts receivable	$	20,874			20,853
Inventories		14,698			16,272
Loss carryforwards		32,393			27,870
Operating expenses		48,998			54,255
Pension		53,789			31,533
Other compensation		48,498			46,206
Postretirement benefits		10,092			12,873
Interest rate hedge		11,638			-
Tax sharing agreement		18,840			24,835
Other		27,817			30,338
Gross deferred tax assets		287,637			265,035
Valuation allowance		(26,319	)		(21,474	)
Net deferred tax assets		261,318			243,561

Deferred tax liabilities:
Depreciation and amortization of long-lived assets		59,895			66,856
Equity method investment		2,001			18,571
Other		13,447			5,455
Deferred tax liabilities		75,343			90,882

Net deferred income taxes	$	185,975			152,679

Schedule of deferred tax assets and liabilities by balance sheet location

At December 28, 2014 and December 29, 2013, the Company's net deferred income taxes are recorded in the consolidated balance sheets as follows:

	2014			2013

Prepaid expenses and other current assets	$	75,595			86,634
Other assets		118,280			67,773
Accrued liabilities		(3,250	)		(183	)
Other liabilities		(4,650	)		(1,545	)
Net deferred income taxes	$	185,975			152,679

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 28, 2014, December 29, 2013 and December 30, 2012 is as follows:

	2014			2013			2012

Balance at beginning of year	$	55,459			103,067			83,814
Gross increases in prior period tax positions		34,225			8,677			3,089
Gross decreases in prior period tax positions		(1,510	)		(33,181	)		(10,856	)
Gross increases in current period tax positions		8,470			10,353			30,008
Decreases related to settlements with tax authorities		(58,652	)		-			0
Decreases from the expiration of statute of limitations		(2,576	)		(1,979	)		(2,988	)
Balance at end of year	$	35,416			55,459			103,067