EXHIBIT 11.1
HASBRO, INC. AND SUBSIDIARIES
Computation of Earnings Per Common Share
Nine Months Ended September 28, 1997 and September 29, 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 $116,075 116,075 100,820 100,820
Interest and amortization on 6%
convertible notes, net of taxes - 4,307 - 4,321
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Net earnings applicable to
common shares $116,075 120,382 100,820 105,141
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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 and warrants 738 738 326 326
Assumed exercise of stock
options and warrants 2,390 2,609 1,634 1,985
Actual conversion of 6%
convertible notes 13 13 2 2
Assumed conversion of 6%
convertible notes - 7,627 - 7,669
Purchase of common stock (1,825) (1,825) (1,026) (1,026)
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Total 130,179 138,025 131,953 139,973
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Per common share:
Net earnings $ .89 .87 .76 .75
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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.