EXHIBIT 11.1
HASBRO, INC. AND SUBSIDIARIES
Computation of Earnings Per Common Share
Thirty-Nine Weeks Ended September 25, 1994 and September 26, 1993
(Thousands of Dollars and Shares Except Per Share Data)
1994 1993
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Fully Fully
Primary Diluted Primary Diluted
------- ------- ------- -------
Net earnings before cumulative
effect of change in accounting
principles $103,502 103,502 129,278 129,278
Interest and amortization on 6%
convertible notes, net of taxes - 4,323 - 4,323
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Net earnings before cumulative
effect of change in accounting
principles applicable to common
shares 103,502 107,825 129,278 133,601
Cumulative effect of change in
accounting principles (4,282) (4,282) - -
------- ------- ------ ------
Net earnings applicable to
common shares $ 99,220 103,543 129,278 133,601
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Weighted average number of shares
outstanding:(a)
Outstanding at beginning of
period 87,795 87,795 87,176 87,176
Actual exercise of stock
options and warrants 221 221 238 238
Assumed exercise of stock
options and warrants 1,720 1,720 2,522 2,971
Assumed conversion of 6%
convertible notes - 5,114 - 5,114
Purchase of common stock (144) (144) - -
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Total 89,592 94,706 89,936 95,499
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Per common share:
Earnings before cumulative
effect of change in
accounting principles $ 1.16 1.14 1.44 1.40
Cumulative effect of change
in accounting principles (.05) (.05) - -
------- ------- ------ ------
Net earnings $ 1.11 1.09 1.44 1.40
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(a) Computation to arrive at the average number is a weighted average
computation.