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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.22.2
EARNINGS PER SHARE
 3 Months Ended
Jul. 02, 2022
Earnings Per Share [Abstract] Ìý
EARNINGS PER SHARE EARNINGS PER SHARE
Ìý Three Months Ended June
(In thousands, except per share amounts) 2022 2021
Earnings (loss) per share – basic:
Income (loss) from continuing operations
 $ (55,960) $ 153,972Ìý
Weighted average common shares outstanding
 387,563Ìý 391,351Ìý
Earnings (loss) per share from continuing operations
 $ (0.14) $ 0.39Ìý
Earnings (loss) per share – diluted:
Income (loss) from continuing operations
 $ (55,960) $ 153,972Ìý
Weighted average common shares outstanding
 387,563Ìý 391,351Ìý
Incremental shares from stock options and other dilutive securities
 —Ìý 2,777Ìý
Adjusted weighted average common shares outstanding
 387,563Ìý 394,128Ìý
Earnings (loss) per share from continuing operations
 $ (0.14) $ 0.39Ìý
In the three-month period ended June 2022, the dilutive impact of outstanding options and other securities was excluded from dilutive shares as a result of the Company's net loss for the period and, as such, their inclusion would have been anti-dilutive. Outstanding options to purchase approximately 2.9 million shares were excluded from the calculation of diluted earnings per share for the three-month period ended June 2021 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 calculation of diluted earnings per share for the three-month period ended June 2021 because these units were not considered to be contingent outstanding shares in the period.