Hasbro 2009 Annual Report Download - page 66

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Components of accumulated other comprehensive earnings at December 27, 2009 and December 28, 2008
are as follows:
2009 2008
Foreign currency translation adjustments ............................. $95,099 71,317
Unrealized losses on available-for-sale securities, net of tax ............... — (651)
Gain on cash flow hedging activities, net of tax ....................... 20,410 63,513
Unrecognized pension and postretirement amounts, net of tax ............. (56,878) (71,923)
$ 58,631 62,256
(3) Property, Plant and Equipment
2009 2008
Land and improvements ........................................ $ 6,766 6,578
Buildings and improvements ..................................... 199,595 195,520
Machinery and equipment ....................................... 393,678 358,529
600,039 560,627
Less accumulated depreciation.................................... 431,564 403,082
168,475 157,545
Tools, dies and molds, net of depreciation ........................... 52,231 54,162
$220,706 211,707
Expenditures for maintenance and repairs which do not materially extend the life of the assets are charged
to operations as incurred.
(4) Goodwill and Intangibles
Goodwill and 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 total approximately $75,700. 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.
The Company performs an annual impairment test on goodwill and intangible assets with indefinite lives.
This annual impairment test is performed in the fourth quarter of the Company’s fiscal year. In addition, if an
event occurs or circumstances change that indicate that the carrying value may not be recoverable, the
Company will perform an interim impairment test at that time. For the three fiscal years ended December 27,
2009, no such events occurred. The Company completed its annual impairment tests in the fourth quarters of
2009, 2008 and 2007 and had no impairment charges.
A portion of the Company’s goodwill and other intangible assets reside in the Corporate segment of the
business. For purposes of impairment testing, these assets are allocated to the reporting units within the
56
HASBRO, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements — (Continued)
(Thousands of Dollars and Shares Except Per Share Data)