Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

v3.21.1
EARNINGS PER SHARE
 12 Months Ended
Apr. 03, 2021
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
 
Year Ended March
(In thousands, except per share amounts) 2021 2020 2019
Earnings per share — basic:
Income from continuing operations $ 354,906  $ 629,146  $ 870,426 
Weighted average common shares outstanding 389,655  395,411  395,189 
Earnings per share from continuing operations $ 0.91  $ 1.59  $ 2.20 
Earnings per share — diluted:
Income from continuing operations $ 354,906  $ 629,146  $ 870,426 
Weighted average common shares outstanding 389,655  395,411  395,189 
Incremental shares from stock options and other dilutive securities 2,466  4,525  5,307 
Adjusted weighted average common shares outstanding 392,121  399,936  400,496 
Earnings per share from continuing operations $ 0.91  $ 1.57  $ 2.17 
Outstanding options to purchase 3.4 million, 1.5 million and 0.5 million shares of Common Stock were excluded from the calculations of diluted earnings per share in the years ended March 2021, 2020 and 2019, respectively, because the effect of their inclusion would have been antidilutive to those years. In addition, 0.6 million, 0.6 million and 0.8 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share in the years ended March 2021, 2020 and 2019, respectively, because these units were not considered to be contingent outstanding shares.