Earnings (Loss) Per Share

6 Months Ended

Jul. 02, 2023

Net earnings (loss) per share data for the quarters and six months ended July 2, 2023 and June 26, 2022 were computed as follows:


	2023			2022
Quarter	Basic		Diluted	Basic		Diluted
Net (loss) earnings attributable to Hasbro, Inc.	$	(235.0)	(235.0)	$	142.0	142.0

Average shares outstanding	138.8		138.8	139.0		139.0
Effect of dilutive securities:
Options and other share-based awards	—		—	—		0.2
Equivalent Shares	138.8		138.8	139.0		139.2

Net (loss) earnings attributable to Hasbro, Inc. per common share	$	(1.69)	(1.69)	$	1.02	1.02


	2023			2022
Six Months	Basic		Diluted	Basic		Diluted
Net (loss) earnings attributable to Hasbro, Inc.	$	(257.1)	(257.1)	$	203.2	203.2

Average shares outstanding	138.7		138.7	139.2		139.2
Effect of dilutive securities:
Options and other share-based awards	—		—	—		0.2
Equivalent Shares	138.7		138.7	139.2		139.4

Net (loss) earnings attributable to Hasbro, Inc. per common share	$	(1.85)	(1.85)	$	1.46	1.46

For the quarter and six months ended July 2, 2023, options and restricted stock units totaling 4.3 million and 4.2 million, respectively, were excluded from the calculation of diluted earnings per share because to include them would have been anti-dilutive. For the quarter and six months ended June 26, 2022, options and restricted stock units totaling 3.0 million and 3.8 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, 1.2 million and 1.6 million shares, respectively, would have been included in the calculation of diluted shares had the Company not had a net loss for the quarter and six months ended July 2, 2023. Assuming that these awards and options were included, under the treasury stock method, they would have resulted in an additional 0.2 million and 0.1 million shares, respectively, being included in the diluted earnings per share calculation for the quarter and six months ended July 2, 2023