Hasbro (HAS) 10-Q 2005 Q3 Quarterly report

EXHIBIT 11.1

HASBRO, INC. AND SUBSIDIARIES

Computation of Earnings Per Common Share

Nine Months Ended September 25, 2005 and September 26, 2004

(Thousands of Dollars and Shares Except Per Share Data)

			2005				2004
			-----------------				-----------------
			Basic		Diluted		Basic	Diluted
			-------		-------		-------	-------
Net earnings			$ 117,804		117,804		114,058	114,058
Effect of dilutive securities:
Change in fair value of liabilities potentially
settleable in common stock			-		(1,330	)	-	(15,370	)
Interest expense on contingent convertible
debentures due 2021			-		3,197		-	3,197
			------------		------------		------------	------------
Adjusted net earnings			$ 117,804		119,671		114,058	101,885
			=======		=======		=======	=======
Weighted average number of shares
outstanding:
Outstanding at beginning of period			177,315		177,315		175,479	175,479
Exercise of stock options and warrants:
Actual exercise of stock options			1,338		1,338		869	869
Assumed exercise of stock options and      warrants			-		2,340		-	2,488
Purchase of common stock			(267	)	(267	)	-	-
Liabilities potentially settleable in
common stock			-		5,320		-	5,548
Contingent convertible debentures
due 2021			-		11,574		-	11,574
			------------		------------		------------	------------
		Total	178,386		197,620		176,348	195,958
			=======		=======		=======	=======
Per common share:
	Net earnings		$      0.66		0.61		0.65	0.52
			=======		=======		=======	=======