EXHIBIT 11.2 HASBRO, INC. AND SUBSIDIARIES Computation of Earnings Per Common Share Quarter Ended June 28, 1998 and June 29, 1997 (Thousands of Dollars and Shares Except Per Share Data) 1998 1997 ----------------- ----------------- Basic Diluted Basic Diluted ------- ------- ------- ------- Net earnings $ 5,453 5,453 12,981 12,981 Interest and amortization on 6% convertible notes, net of taxes - - - 1,437 ------- ------- ------- ------- Net earnings applicable to common shares $ 5,453 5,453 12,981 14,418 ======= ======= ======= ======= Weighted average number of shares outstanding: Outstanding at beginning of period 133,072 133,072 128,463 128,463 Exercise of stock options and warrants: Actual 196 196 102 102 Assumed - 5,668 - 2,129 Conversion of 6% convertible notes: Actual - - 2 2 Assumed - - - 7,630 Purchase of common stock (708) (708) (720) (720) ------- ------- ------- ------- Total 132,560 138,228 127,847 137,606 ======= ======= ======= ======= Per common share: Net earnings $ .04 .04 .10 .10 ======= ======= ======= =======