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Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

v3.19.1
EARNINGS PER SHARE
 12 Months Ended
Mar. 30, 2019
Earnings Per Share [Abstract] Ìý
EARNINGS PER SHARE
EARNINGS PER SHARE
Ìý
Ìý
Ìý
Year Ended March
Ìý
Ìý
Three Months
Ended March
(Transition Period)
Ìý
Year Ended December
(In thousands, except per share amounts)
Ìý
2019
Ìý
Ìý
2018
Ìý
2017
Ìý
2016
Earnings per share — basic:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Income from continuing operations
Ìý
$
1,259,004

Ìý
Ìý
$
261,164

Ìý
$
721,209

Ìý
$
1,078,854

Weighted average common shares outstanding
Ìý
395,189

Ìý
Ìý
395,253

Ìý
399,223

Ìý
416,103

Earnings per share from continuing operations
Ìý
$
3.19

Ìý
Ìý
$
0.66

Ìý
$
1.81

Ìý
$
2.59

Earnings per share — diluted:
Ìý

Ìý
Ìý
Ìý
Ìý

Ìý

Income from continuing operations
Ìý
$
1,259,004

Ìý
Ìý
$
261,164

Ìý
$
721,209

Ìý
$
1,078,854

Weighted average common shares outstanding
Ìý
395,189

Ìý
Ìý
395,253

Ìý
399,223

Ìý
416,103

Incremental shares from stock options and other dilutive securities
Ìý
5,307

Ìý
Ìý
6,023

Ìý
4,336

Ìý
5,978

Adjusted weighted average common shares outstanding
Ìý
400,496

Ìý
Ìý
401,276

Ìý
403,559

Ìý
422,081

Earnings per share from continuing operations
Ìý
$
3.14

Ìý
Ìý
$
0.65

Ìý
$
1.79

Ìý
$
2.56



Outstanding options to purchase 0.5 million, 6.9 million and 5.8 million shares of Common Stock were excluded from the calculations of diluted earnings per share in the years ended March 2019, December 2017 and December 2016, respectively, because the effect of their inclusion would have been antidilutive to those years. For the three months ended March 2018, all outstanding options to purchase shares were dilutive and included in the calculation of diluted earnings per share. In addition, 0.8 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share in the year ended March 2019, and 0.9 million shares were excluded in each of the three months ended March 2018 and the years ended December 2017 and 2016 because these units were not considered to be contingent outstanding shares.