what does hash |= 0 mean in js code example

Example: java script hash

function hashFnv32a(str, asString, seed) {
    /*jshint bitwise:false */
    var i, l,
        hval = (seed === undefined) ? 0x811c9dc5 : seed;

    for (i = 0, l = str.length; i < l; i++) {
        hval ^= str.charCodeAt(i);
        hval += (hval << 1) + (hval << 4) + (hval << 7) + (hval << 8) + (hval << 24);
    }
    if( asString ){
        // Convert to 8 digit hex string
        return ("0000000" + (hval >>> 0).toString(16)).substr(-8);
    }
    return hval >>> 0;
}