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EXHIBIT 11
HASBRO, INC. AND SUBSIDIARIES
Computation of Earnings Per Share
(Thousands of Dollars and Shares Except Per Share Data)
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2004 2003 2002
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Basic Diluted Basic Diluted Basic Diluted
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Net earnings before
cumulative effect of
accounting change $ 195,977 195,977 175,015 175,015 75,058 75,058
Effect of dilutive
securities:
Change in fair value
of liabilities
potentially settleable
in common stock - (12,710) - - - -
Interest expense on
contingent convertible
debentures due 2021 - 4,263 - 4,263 - 4,263
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Adjusted net earnings $ 195,977 187,530 175,015 179,278 75,058 79,321
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Weighted average number
of shares outstanding:
Outstanding at
beginning of year 175,479 175,479 172,805 172,805 172,537 172,537
Exercise of stock
options and warrants:
Actual exercise
of options 1,061 1,061 943 943 183 183
Assumed exercise of
options and warrants - 2,305 - 4,736 - 768
Liabilities potentially
settleable in
common stock - 5,629 - - - -
Contingent convertible
debentures due 2021 - 11,574 - 11,574 - 11,574
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Total 176,540 196,048 173,748 190,058 172,720 185,062
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Per common share:
Net earnings before
cumulative effect of
accounting change $ 1.11 .96 1.01 .94 .43 .43
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