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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.19.3.a.u2
EARNINGS PER SHARE
 9 Months Ended
Dec. 28, 2019
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
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
$
452,747

Ìý
Ìý
$
409,120

Ìý
Ìý
$
1,198,997

Ìý
Ìý
$
886,608

Weighted average common shares outstanding
Ìý
395,940

Ìý
Ìý
395,294

Ìý
Ìý
396,806

Ìý
Ìý
395,117

Earnings per share from continuing operations
Ìý
$
1.14

Ìý
Ìý
$
1.03

Ìý
Ìý
$
3.02

Ìý
Ìý
$
2.24

Earnings per share – diluted:
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Ìý
Income from continuing operations
Ìý
$
452,747

Ìý
Ìý
$
409,120

Ìý
Ìý
$
1,198,997

Ìý
Ìý
$
886,608

Weighted average common shares outstanding
Ìý
395,940

Ìý
Ìý
395,294

Ìý
Ìý
396,806

Ìý
Ìý
395,117

Incremental shares from stock options and other dilutive securities
Ìý
4,382

Ìý
Ìý
4,473

Ìý
Ìý
4,693

Ìý
Ìý
5,301

Adjusted weighted average common shares outstanding
Ìý
400,322

Ìý
Ìý
399,767

Ìý
Ìý
401,499

Ìý
Ìý
400,418

Earnings per share from continuing operations
Ìý
$
1.13

Ìý
Ìý
$
1.02

Ìý
Ìý
$
2.99

Ìý
Ìý
$
2.21



Outstanding options to purchase approximately 1.5 million shares were excluded from the calculations of diluted earnings per share for both the three and nine-month periods ended December 2019, and 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, 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 nine-month periods ended December 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 nine-month periods ended December 2018, because these units were not considered to be contingent outstanding shares in those periods.