Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

v3.22.1
EARNINGS PER SHARE
 12 Months Ended
Apr. 02, 2022
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
 
Year Ended March
(In thousands, except per share amounts) 2022 2021 2020
Earnings per share — basic:
Income from continuing operations $ 1,216,269  $ 354,906  $ 629,146 
Weighted average common shares outstanding 390,291  389,655  395,411 
Earnings per share from continuing operations $ 3.12  $ 0.91  $ 1.59 
Earnings per share — diluted:
Income from continuing operations $ 1,216,269  $ 354,906  $ 629,146 
Weighted average common shares outstanding 390,291  389,655  395,411 
Incremental shares from stock options and other dilutive securities 2,120  2,466  4,525 
Adjusted weighted average common shares outstanding 392,411  392,121  399,936 
Earnings per share from continuing operations $ 3.10  $ 0.91  $ 1.57 

Outstanding options to purchase approximately 3.2 million, 3.4 million and 1.5 million shares of Common Stock were excluded from the calculations of diluted earnings per share in the years ended March 2022, 2021 and 2020, respectively, because the effect of their inclusion would have been antidilutive to those years. In addition, 0.5 million, 0.6 million and 0.6 million shares
of performance-based RSUs were excluded from the calculations of diluted earnings per share in the years ended March 2022, 2021 and 2020, respectively, because these units were not considered to be contingent outstanding shares in those years.