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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.19.3
EARNINGS PER SHARE
 6 Months Ended
Sep. 28, 2019
Earnings Per Share [Abstract] Ìý
EARNINGS PER SHARE EARNINGS PER SHARE
Ìý
Ìý
Three Months Ended September
Ìý
Ìý
Six Months Ended September
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
(In thousands, except per share amounts)
Ìý
2019
Ìý
Ìý
2018
Ìý
Ìý
2019
Ìý
Ìý
2018
Earnings per share – basic:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Income from continuing operations
Ìý
$
649,001

Ìý
Ìý
$
416,124

Ìý
Ìý
$
746,250

Ìý
Ìý
$
477,488

Weighted average common shares outstanding
Ìý
397,751

Ìý
Ìý
395,892

Ìý
Ìý
397,239

Ìý
Ìý
395,029

Earnings per share from continuing operations
Ìý
$
1.63

Ìý
Ìý
$
1.05

Ìý
Ìý
$
1.88

Ìý
Ìý
$
1.21

Earnings per share – diluted:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Income from continuing operations
Ìý
$
649,001

Ìý
Ìý
$
416,124

Ìý
Ìý
$
746,250

Ìý
Ìý
$
477,488

Weighted average common shares outstanding
Ìý
397,751

Ìý
Ìý
395,892

Ìý
Ìý
397,239

Ìý
Ìý
395,029

Incremental shares from stock options and other dilutive securities
Ìý
4,510

Ìý
Ìý
6,047

Ìý
Ìý
4,849

Ìý
Ìý
5,715

Adjusted weighted average common shares outstanding
Ìý
402,261

Ìý
Ìý
401,939

Ìý
Ìý
402,088

Ìý
Ìý
400,744

Earnings per share from continuing operations
Ìý
$
1.61

Ìý
Ìý
$
1.04

Ìý
Ìý
$
1.86

Ìý
Ìý
$
1.19



Outstanding options to purchase approximately 1.5 million shares were excluded from the calculations of diluted earnings per share for both the three and six-month periods ended September 2019, and outstanding options to purchase approximately 20,000 and 0.9 million shares were excluded from the calculations of diluted earnings per share for the three and six-month periods ended September 2018, respectively, because the effect of their inclusion would have been anti-dilutive.
In addition, 0.8 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for both the three and six-month periods ended September 2019, and 0.9 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for both the three and six-month periods ended September 2018, because these units were not considered to be contingent outstanding shares in those periods.