Goodwill and Intangibles (Tables)

12 Months Ended

Dec. 27, 2015

(4) Goodwill and Intangibles

Goodwill

Changes in the carrying amount of goodwill, by operating segment, for the years ended December 27, 2015 and December 28, 2014 are as follows:

		U.S. and Canada		International	Entertainment and Licensing	Total
2015
Balance at December 28, 2014	$		296,978	170,853	125,607	593,438
Foreign exchange translation			-	(743)	-	(743)
Balance at December 27, 2015	$		296,978	170,110	125,607	592,695

2014
Balance at December 29, 2013	$		296,978	171,736	125,607	594,321
Foreign exchange translation			-	(883)	-	(883)
Balance at December 28, 2014	$		296,978	170,853	125,607	593,438

A portion of the Company's goodwill and other intangible assets reside in the Corporate segment of the business. For purposes of the goodwill impairment testing, these assets are allocated to the reporting units within the Company's operating segments.

Schedule of Other Intangibles

Other Intangibles, Net

A summary of the Company's other intangibles, net at December 27, 2015 and December 28, 2014:

	2015			2014
Acquired product rights	$	789,781			789,781
Licensed rights of entertainment properties		256,555			256,555
Accumulated amortization		(841,267	)		(797,546	)
Amortizable intangible assets		205,069			248,790
Product rights with indefinite lives		75,738			75,738
Total other intangibles, net	$	280,807			324,528

Certain intangible assets relating to rights obtained in the Company's acquisition of Milton Bradley in 1984 and Tonka in 1991 are not amortized. These rights were determined to have indefinite lives and are included as product rights with indefinite lives in the table above. The Company tests these assets for impairment on an annual basis in the fourth quarters of each year or when an event occurs or circumstances change that indicate that the carrying value may not be recoverable. The Company completed its annual impairment tests of indefinite-lived intangible assets in the fourth quarter of 2015, 2014, and 2013 concluding that there was no impairment of these assets. The Company's other intangible assets are amortized over their remaining useful lives, and accumulated amortization of these other intangibles is reflected in other intangibles, net in the accompanying consolidated balance sheets.

Schedule of Expected Amortization Expense

Intangible assets, other than those with indefinite lives, are reviewed for indications of impairment whenever events or changes in circumstances indicate the carrying value may not be recoverable. During 2013, the Company incurred $19,736 in impairment charges related to certain product lines which the Company exited as well as product lines with reduced expectations. The Company will continue to incur amortization expense related to the use of acquired and licensed rights to produce various products. A portion of the amortization of these product rights will fluctuate depending on brand activation, related revenues during an annual period and future expectations, as well as rights reaching the end of their useful lives. The Company currently estimates amortization expense related to the above intangible assets for the next five years to be approximately:

2016	$	35,000
2017		29,000
2018		21,000
2019		40,000
2020		40,000