EXHIBIT 11.1 |
HASBRO, INC. AND SUBSIDIARIES |
Computation of Earnings Per Common Share |
Nine Months Ended September 28, 2003 and September 29, 2002 |
(Thousands of Dollars and Shares Except Per Share Data) |
2003 | 2002 | ||||||||||
----------------- | ----------------- | ||||||||||
Basic | Diluted | Basic | Diluted | ||||||||
------- | ------- | ------- | ------- | ||||||||
Earnings before cumulative effect | |||||||||||
of accounting change | $ 98,421 | 98,421 | 12,902 | 12,902 | |||||||
Effect of dilutive securities: | |||||||||||
Change in fair value of liabilities potentially | |||||||||||
settleable in common stock | - | - | - | - | |||||||
------------ | ------------ | ------------ | ------------ | ||||||||
Adjusted earnings before cumulative | |||||||||||
effect of accounting change | $ 98,421 | 98,421 | 12,902 | 12,902 | |||||||
======= | ======= | ======= | ======= | ||||||||
Weighted average number of shares | |||||||||||
outstanding: | |||||||||||
Outstanding at beginning of period | 172,805 | 172,805 | 172,537 | 172,537 | |||||||
Exercise of stock options and warrants: | |||||||||||
Actual exercise of options | 554 | 554 | 155 | 155 | |||||||
Assumed exercise of options and warrants | - | 5,210 | - | 879 | |||||||
Liabilities potentially settleable in | |||||||||||
common stock | - | - | - | - | |||||||
------------ | ------------ | ------------ | ------------ | ||||||||
Total | 173,359 | 178,569 | 172,692 | 173,571 | |||||||
======= | ======= | ======= | ======= | ||||||||
Per common share: | |||||||||||
Earnings before cumulative effect | |||||||||||
of accounting change | $ 0.57 | 0.55 | 0.07 | 0.07 | |||||||
======= | ======= | ======= | ======= |