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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] Ìý
EARNINGS PER SHARE
EARNINGS PER SHARE
Ìý
Ìý
Three Months Ended December
Ìý
Ìý
Nine Months Ended December
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
(In thousands, except per share amounts)
Ìý
2018
Ìý
Ìý
2017
Ìý
Ìý
2018
Ìý
Ìý
2017
Earnings per share – basic:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Income (loss) from continuing operations
Ìý
$
463,126

Ìý
Ìý
$
(72,979
)
Ìý
Ìý
$
1,130,200

Ìý
Ìý
$
507,933

Weighted average common shares outstanding
Ìý
395,294

Ìý
Ìý
394,577

Ìý
Ìý
395,117

Ìý
Ìý
394,967

Earnings (loss) per share from continuing operations
Ìý
$
1.17

Ìý
Ìý
$
(0.18
)
Ìý
Ìý
$
2.86

Ìý
Ìý
$
1.29

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

Ìý
Ìý
$
(72,979
)
Ìý
Ìý
$
1,130,200

Ìý
Ìý
$
507,933

Weighted average common shares outstanding
Ìý
395,294

Ìý
Ìý
394,577

Ìý
Ìý
395,117

Ìý
Ìý
394,967

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

Ìý
Ìý
5,801

Ìý
Ìý
5,301

Ìý
Ìý
4,458

Adjusted weighted average common shares outstanding
Ìý
399,767

Ìý
Ìý
400,378

Ìý
Ìý
400,418

Ìý
Ìý
399,425

Earnings (loss) per share from continuing operations
Ìý
$
1.16

Ìý
Ìý
$
(0.18
)
Ìý
Ìý
$
2.82

Ìý
Ìý
$
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.