Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.10.0.1
EARNINGS PER SHARE
 9 Months Ended
Dec. 29, 2018
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
 
 
Three Months Ended December
 
 
Nine Months Ended December
 
 
 
 
 
 
 
 
 
 
 
 
(In thousands, except per share amounts)
 
2018
 
 
2017
 
 
2018
 
 
2017
Earnings per share – basic:
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
 
$
463,126

 
 
$
(72,979
)
 
 
$
1,130,200

 
 
$
507,933

Weighted average common shares outstanding
 
395,294

 
 
394,577

 
 
395,117

 
 
394,967

Earnings (loss) per share from continuing operations
 
$
1.17

 
 
$
(0.18
)
 
 
$
2.86

 
 
$
1.29

Earnings per share – diluted:
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
 
$
463,126

 
 
$
(72,979
)
 
 
$
1,130,200

 
 
$
507,933

Weighted average common shares outstanding
 
395,294

 
 
394,577

 
 
395,117

 
 
394,967

Incremental shares from stock options and other dilutive securities
 
4,473

 
 
5,801

 
 
5,301

 
 
4,458

Adjusted weighted average common shares outstanding
 
399,767

 
 
400,378

 
 
400,418

 
 
399,425

Earnings (loss) per share from continuing operations
 
$
1.16

 
 
$
(0.18
)
 
 
$
2.82

 
 
$
1.27



Outstanding options to purchase approximately 0.1 million and 0.6 million shares were excluded from the calculations of diluted earnings per share for the three and nine-month periods ended December 2018, respectively, and outstanding options to purchase 2.0 million and 5.7 million shares were excluded from the calculations of diluted earnings per share for the three and nine-month periods ended December 2017, respectively, because the effect of their inclusion would have been antidilutive.
In addition, 0.9 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for both the three and nine-month periods ended December 2018, and 0.6 million and 0.9 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for the three and nine-month periods ended December 2017, respectively, because these units were not considered to be contingent outstanding shares in those periods.