Hasbro 2015 Annual Report Download - page 79

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HASBRO, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements — (Continued)
(Thousands of Dollars and Shares Except Per Share Data)
issuance. These instruments, which were designated and effective as hedges, were terminated on the date of the
related debt issuance and the then fair value of these instruments was recorded to AOCE and is being amortized
through the consolidated statements of operations using an effective interest rate method over the life of the
related debt.
Net Earnings Per Common Share
Basic net earnings per share is computed by dividing net earnings by the weighted average number of shares
outstanding for the year as well as awards that have not been issued but all contingencies have been met. Diluted
net earnings per share is similar except that the weighted average number of shares outstanding is increased by
dilutive securities, and net earnings are adjusted, if necessary, for certain amounts related to dilutive securities.
Dilutive securities include shares issuable upon exercise of stock options for which the market price exceeds the
exercise price, less shares which could have been purchased by the Company with the related proceeds. Dilutive
securities also include shares issuable under restricted stock unit award agreements. There were no antidilutive
stock options or restricted stock unit awards to exclude from the diluted earnings per share calculation in 2015.
Options and restricted stock unit awards totaling 674 and 760 for 2014 and 2013, respectively, were excluded
from the calculation of diluted earnings per share because to include them would have been antidilutive.
A reconciliation of net earnings and average number of shares for each of the three fiscal years ended
December 27, 2015 is as follows:
2015 2014 2013
Basic Diluted Basic Diluted Basic Diluted
Net earnings attributable to Hasbro,
Inc. ....................... $451,838 451,838 415,930 415,930 286,198 286,198
Average shares outstanding ...... 125,006 125,006 128,411 128,411 130,186 130,186
Effect of dilutive securities:
Options and other share-based
awards ................... — 1,682 — 1,475 — 1,602
Equivalent shares .............. 125,006 126,688 128,411 129,886 130,186 131,788
Net earnings attributable to Hasbro,
Inc. per share ............... $ 3.61 3.57 3.24 3.20 2.20 2.17
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