EXHIBIT 11.1 |
HASBRO, INC. AND SUBSIDIARIES |
Computation of Earnings Per Common Share |
Nine Months Ended September 26, 2004 and September 28, 2003 |
(Thousands of Dollars and Shares Except Per Share Data) |
2004 | 2003 | ||||||||||
----------------- | ----------------- | ||||||||||
Basic | Diluted | Basic | Diluted | ||||||||
------- | ------- | ------- | ------- | ||||||||
Earnings before cumulative effect | |||||||||||
of accounting change | $ 114,058 | 114,058 | 98,421 | 98,421 | |||||||
Effect of dilutive securities: | |||||||||||
Change in fair value of liabilities potentially | |||||||||||
settleable in common stock | - | (15,370 | ) | - | - | ||||||
------------ | ------------ | ------------ | ------------ | ||||||||
Adjusted earnings before cumulative | |||||||||||
effect of accounting change | $114,058 | 98,688 | 98,421 | 98,421 | |||||||
======= | ======= | ======= | ======= | ||||||||
Weighted average number of shares | |||||||||||
outstanding: | |||||||||||
Outstanding at beginning of period | 175,479 | 175,479 | 172,805 | 172,805 | |||||||
Exercise of stock options and warrants: | |||||||||||
Actual exercise of options | 869 | 869 | 554 | 554 | |||||||
Assumed exercise of options and warrants | - | 2,488 | - | 5,210 | |||||||
Liabilities potentially settleable in | |||||||||||
common stock | - | 5,548 | - | - | |||||||
------------ | ------------ | ------------ | ------------ | ||||||||
Total | 176,348 | 184,384 | 173,359 | 178,569 | |||||||
======= | ======= | ======= | ======= | ||||||||
Per common share: | |||||||||||
Earnings before cumulative effect | |||||||||||
of accounting change | $ 0.65 | 0.54 | 0.57 | 0.55 | |||||||
======= | ======= | ======= | ======= |