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 | |||||||
| ======= | ======= | ======= | ======= | |||||||
|