Note 6 – Other Income and Expense

Other Operating Income – Net


	Three Months Ended						Nine Months Ended
(In thousands)	November 25, 2016			November 27, 2015			November 25, 2016			November 27, 2015
State tax credits	$	(1,050	)	$	(975	)	$	(3,150	)	$	(7,516	)
(Gain) loss on asset disposal		(2,515	)		41			(2,487	)		108
Miscellaneous		(495	)		(1,011	)		(2,054	)		(2,641	)
Gain adjustment (gain) on sale of Strawberry Shortcake		—			391			—			(61,234	)
Gain adjustment on sale of AGI In-Store		—			1,073			—			1,073

Other operating income – net	$	(4,060	)	$	(481	)	$	(7,691	)	$	(70,210	)

During the three and nine months ended November 25, 2016, the Corporation recognized income of $1.1 million and $3.2 million, respectively, from tax credits received from the State of Ohio under certain incentive programs made available to the Corporation in connection with its decision to maintain its world headquarters in Ohio. Tax credits of $1.0 million and $7.5 million were recognized in the three and nine months ended November 27, 2015, respectively.

In October 2016, the Corporation sold a warehouse facility located in the United Kingdom and recognized a gain on disposal of approximately $3 million. The cash proceeds received from the sale of approximately $3 million are included in “Proceeds from sale of fixed assets” on the Consolidated Statement of Cash Flows for the nine months ended November 25, 2016.

During the nine months ended November 27, 2015, the Corporation recognized a net gain of $61.2 million from the sale of Strawberry Shortcake, which included a first quarter gain of $61.7 million and an adjustment to the gain of $0.1 million and $0.4 million in the second and third quarters, respectively. See Note 4 for further information.

During the three and nine months ended November 27, 2015, the Corporation recorded a $1.1 million adjustment to reduce the gain recorded in 2015, in accordance with the contractual terms of the sale of AGI In-Store. See Note 4 for further information.

Other Non-Operating Expense – Net


	Three Months Ended						Nine Months Ended
(In thousands)	November 25, 2016			November 27, 2015			November 25, 2016			November 27, 2015
Foreign exchange loss	$	2,639		$	1,758		$	3,641		$	1,085
Rental income		(218	)		(148	)		(508	)		(430	)
Miscellaneous		—			(1	)		(2	)		(38	)

Other non-operating expense – net	$	2,421		$	1,609		$	3,131		$	617