EXHIBIT 11.1
HASBRO, INC. AND SUBSIDIARIES
Computation of Earnings Per Common Share
Six Months Ended June 29, 1997 and June 30, 1996
(Thousands of Dollars and Shares Except Per Share Data)
1997 1996(a)
----------------- -----------------
Fully Fully
Primary Diluted Primary Diluted
------- ------- ------- -------
Net earnings $ 38,675 38,675 30,351 30,351
Interest and amortization on 6%
convertible notes, net of taxes (b) - - - -
------- ------- ------- -------
Net earnings applicable to
common shares $ 38,675 38,675 30,351 30,351
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Weighted average number of shares
outstanding:(c)
Outstanding at beginning of
period 128,863 128,863 131,017 131,017
Actual exercise of stock
options and warrants 555 555 234 234
Assumed exercise of stock
options and warrants 2,302 2,801 1,629 1,629
Actual conversion of 6%
convertible notes 8 8 1 1
Assumed conversion of 6%
convertible notes (b) - - - -
Purchase of common stock (1,203) (1,203) (510) (510)
------- ------- ------- -------
Total 130,525 131,024 132,371 132,371
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Per common share:
Net earnings $ .30 .30 .23 .23
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(a) Adjusted to reflect the three-for-two stock split paid March 21, 1997.
(b) The effect of these notes is antidilutive and as such is not included.
(c) Computation to arrive at the average number is a weighted average
computation.