Earnings (Loss) Per Share

3 Months Ended

Apr. 02, 2023

Net earnings (loss) per share data for the quarters ended April 2, 2023 and March 27, 2022 were computed as follows:


	2023			2022
Quarter	Basic		Diluted	Basic		Diluted
Net (loss) earnings attributable to Hasbro, Inc.	$	(22.1)	(22.1)	$	61.2	61.2

Average shares outstanding	138.6		138.6	139.3		139.3
Effect of dilutive securities:
Options and other share-based awards	—		—	—		0.3
Equivalent Shares	138.6		138.6	139.3		139.6

Net (loss) earnings attributable to Hasbro, Inc. per common share	$	(0.16)	(0.16)	$	0.44	0.44

For the quarters ended April 2, 2023 and March 27, 2022, options and restricted stock units totaling 4.2 million and 2.5 million, respectively, were excluded from the calculation of diluted earnings per share because to include them would have been anti-dilutive. Of the fiscal 2023 amount, 2.0 million shares would have been included in the calculation of diluted shares had the Company not had a net loss for the quarter ended April 2, 2023. Assuming that these options and restricted stock units were included, under the treasury stock method, they would have resulted in an additional 0.1 million shares being included in the diluted earnings per share calculation for the quarter ended April 2, 2023.