EXHIBIT 11
HASBRO, INC. AND SUBSIDIARIES
Computation of Earnings Per Common Share
Quarters Ended March 30, 1997 and March 31, 1996
(Thousands of Dollars and Shares Except Per Share Data)
1997 1996(a)
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Fully Fully
Primary Diluted Primary Diluted
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Net earnings $ 25,694 25,694 24,365 24,365
Interest and amortization on 6%
convertible notes, net of taxes - 1,437 - 1,441
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Net earnings applicable to
common shares $ 25,694 27,131 24,365 25,806
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Weighted average number of shares
outstanding:(b)
Outstanding at beginning of
period 128,863 128,863 131,017 131,017
Actual exercise of stock
options 327 327 112 112
Assumed exercise of stock
options and warrants 2,476 2,554 1,288 1,579
Actual conversion of 6%
convertible notes 5 5 - -
Assumed conversion of 6%
convertible notes - 7,635 - 7,671
Purchase of common stock (597) (597) (256) (256)
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Total 131,074 138,787 132,161 140,123
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Per common share:
Net earnings $ .20 .20 .18 .18
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(a) Adjusted to reflect the three-for-two stock split paid March 21, 1997.
(b) Computation to arrive at the average number is a weighted average
computation.