Income Taxes (Tables)

12 Months Ended

Dec. 27, 2015

Schedule of Income Taxes Attributable to Earnings Before Income Taxes

Income taxes attributable to earnings before income taxes are:

	2015			2014			2013

Current
United States	$	101,591			70,390			12,760
State and local		3,352			3,134			1,677
International		71,054			62,909			72,640
		175,997			136,433			87,077

Deferred
United States		(13,771	)		(15,448	)		(10,751	)
State and local		(472	)		(530	)		(368	)
International		(4,711)			6,223			(8,064	)
		(18,954	)		(9,755	)		(19,183	)

Total income taxes	$	157,043			126,678			67,894

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. Certain prior year amounts have been reclassified to conform with current year presentation.

	2015	2014	2013

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	(15.6)	(6.4)	(13.6)
Change in unrecognized tax benefits	4.3	(5.7)	(1.5)
Other, net	2.0	0.3	(0.9)
	26.0%	23.5%	19.3%

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:

	2015		2014		2013

United States	$	155,120		190,769		54,424
International		448,795		349,219		297,398
Total earnings before income taxes	$	603,915		539,988		351,822

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 27, 2015 and December 28, 2014 are:

	2015			2014
Deferred tax assets:
Accounts receivable	$	23,568			20,874
Inventories		15,168			14,698
Loss and credit carryforwards		28,893			32,393
Operating expenses		43,029			48,998
Pension		49,746			53,789
Other compensation		62,587			48,498
Postretirement benefits		9,253			10,092
Interest rate hedge		10,937			11,638
Tax sharing agreement		18,379			18,840
Other		31,441			27,817
Gross deferred tax assets		293,001			287,637
Valuation allowance		(23,593	)		(26,319	)
Net deferred tax assets		269,408			261,318

Deferred tax liabilities:
Depreciation and amortization of long-lived assets		53,755			59,895
Equity method investment		8,205			2,001
Other		16,632			13,447
Deferred tax liabilities		78,592			75,343

Net deferred income taxes	$	190,816			185,975

Schedule of Deferred Tax Assets and Liabilities by Balance Sheet Location

At December 27, 2015 and December 28, 2014, the Company's net deferred income taxes are recorded in the consolidated balance sheets as follows:

	2015			2014

Other assets	$	199,563			193,875
Other liabilities		(8,747	)		(7,900	)
Net deferred income taxes	$	190,816			185,975

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of unrecognized tax benefits, excluding potential interest and penalties, for the fiscal years ended December 27, 2015, December 28, 2014 and December 29, 2013 is as follows:

	2015			2014			2013

Balance at beginning of year	$	35,416			55,459			103,067
Gross increases in prior period tax positions		491			34,225			8,677
Gross decreases in prior period tax positions		(1,773	)		(1,510	)		(33,181	)
Gross increases in current period tax positions		32,547			8,470			10,353
Decreases related to settlements with tax authorities		(355	)		(58,652)			(31,478)
Decreases from the expiration of statute of limitations		(2,777	)		(2,576	)		(1,979	)
Balance at end of year	$	63,549			35,416			55,459