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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.21.4
EARNINGS PER SHARE
 9 Months Ended
Jan. 01, 2022
Earnings Per Share [Abstract] Ìý
EARNINGS PER SHARE EARNINGS PER SHARE
Ìý Three Months Ended December Nine Months Ended December
(In thousands, except per share amounts) 2021 2020 2021 2020
Earnings per share – basic:
Income from continuing operations
 $ 517,801Ìý $ 327,659Ìý $ 1,135,826Ìý $ 293,163Ìý
Weighted average common shares outstanding
 390,430Ìý 389,872Ìý 391,187Ìý 389,262Ìý
Earnings per share from continuing operations
 $ 1.33Ìý $ 0.84Ìý $ 2.90Ìý $ 0.75Ìý
Earnings per share – diluted:
Income from continuing operations
 $ 517,801Ìý $ 327,659Ìý $ 1,135,826Ìý $ 293,163Ìý
Weighted average common shares outstanding
 390,430Ìý 389,872Ìý 391,187Ìý 389,262Ìý
Incremental shares from stock options and other dilutive securities
 2,065Ìý 2,979Ìý 2,360Ìý 2,345Ìý
Adjusted weighted average common shares outstanding
 392,495Ìý 392,851Ìý 393,547Ìý 391,607Ìý
Earnings per share from continuing operations
 $ 1.32Ìý $ 0.83Ìý $ 2.89Ìý $ 0.75Ìý
Outstanding options to purchase approximately 2.8 million shares were excluded from the calculations of diluted earnings per share for both the three and nine-month periods ended December 2021, and outstanding options to purchase approximately 1.5 million and 4.1 million shares were excluded from the calculations of diluted earnings per share for the three and nine-month periods ended December 2020, respectively, 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 nine-month periods ended December 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 nine-month periods ended December 2020, respectively, because these units were not considered to be contingent outstanding shares in those periods.