Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.7.0.1
Earnings Per Share
 3 Months Ended
Apr. 01, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
 
Three Months Ended March
In thousands, except per share amounts
2017
 
2016
Earnings per share – basic:
 
 
 
Income from continuing operations
$
214,679

 
$
241,935

Weighted average common shares outstanding
411,990

 
421,748

Earnings per share from continuing operations
$
0.52

 
$
0.57

Earnings per share – diluted:
 
 
 
Income from continuing operations
$
214,679

 
$
241,935

Weighted average common shares outstanding
411,990

 
421,748

Incremental shares from stock options and other dilutive securities
3,970

 
7,385

Adjusted weighted average common shares outstanding
415,960

 
429,133

Earnings per share from continuing operations
$
0.52

 
$
0.56


Outstanding options to purchase 10.6 million and 5.5 million shares of Common Stock were excluded from the calculations of diluted earnings per share for the three-month periods ended March 2017 and March 2016, respectively, because the effect of their inclusion would have been antidilutive to those periods. In addition, 1.1 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for the three-month periods ended March 2017 and March 2016, respectively, because these units were not considered to be contingent outstanding shares in those periods.