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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.21.2
EARNINGS PER SHARE
 6 Months Ended
Oct. 02, 2021
Earnings Per Share [Abstract] Ìý
EARNINGS PER SHARE EARNINGS PER SHARE
Ìý Three Months Ended September Six Months Ended September
(In thousands, except per share amounts) 2021 2020 2021 2020
Earnings (loss) per share – basic:
Income (loss) from continuing operations
 $ 464,053Ìý $ 243,246Ìý $ 618,025Ìý $ (34,496)
Weighted average common shares outstanding
 391,779Ìý 389,219Ìý 391,565Ìý 388,957Ìý
Earnings (loss) per share from continuing operations
 $ 1.18Ìý $ 0.62Ìý $ 1.58Ìý $ (0.09)
Earnings (loss) per share – diluted:
Income (loss) from continuing operations
 $ 464,053Ìý $ 243,246Ìý $ 618,025Ìý $ (34,496)
Weighted average common shares outstanding
 391,779Ìý 389,219Ìý 391,565Ìý 388,957Ìý
Incremental shares from stock options and other dilutive securities
 2,238Ìý 1,961Ìý 2,507Ìý 2,029Ìý
Adjusted weighted average common shares outstanding
 394,017Ìý 391,180Ìý 394,072Ìý 390,986Ìý
Earnings (loss) per share from continuing operations
 $ 1.18Ìý $ 0.62Ìý $ 1.57Ìý $ (0.09)

Outstanding options to purchase approximately 2.8 million shares were excluded from the calculations of diluted earnings per share for both the three and six-month periods ended September 2021, and outstanding options to purchase approximately 5.4 million shares were excluded from the calculations of diluted earnings per share for both the three and six-month periods ended September 2020, because the effect of their inclusion would have been anti-dilutive.

In addition, 0.6 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 2021, and 0.8 million and 0.6 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for the three and six-month periods ended September 2020, respectively, because these units were not considered to be contingent outstanding shares in those periods.