EXHIBIT 11.1 HASBRO, INC. AND SUBSIDIARIES Computation of Earnings Per Common Share Nine Months Ended September 26, 1999 and September 27, 1998 (Thousands of Dollars and Shares Except Per Share Data) 1999 1998 ----------------- ----------------- Basic Diluted Basic Diluted ------- ------- ------- ------- Net earnings $131,254 131,254 74,576 74,576 ======= ======= ======= ======= Weighted average number of shares outstanding: Outstanding at beginning of period 196,175 196,175 200,162 200,162 Exercise of stock options and warrants: Actual 2,641 2,641 1,858 1,858 Assumed - 8,726 - 7,887 Purchase of common stock (3,536) (3,536) (3,501) (3,501) ------- ------- ------- ------- Total 195,280 204,006 198,519 206,406 ======= ======= ======= ======= Per common share: Net earnings $ .67 .64 .38 .36 ======= ======= ======= =======