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Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

v3.23.1
EARNINGS PER SHARE
 12 Months Ended
Apr. 01, 2023
Earnings Per Share [Abstract] Ìý
EARNINGS PER SHARE EARNINGS PER SHARE
Ìý
Year Ended March
(In thousands, except per share amounts) 2023 2022 2021
Earnings per share — basic:
Income from continuing operations $ 118,584Ìý $ 1,216,269Ìý $ 354,906Ìý
Weighted average common shares outstanding 387,763Ìý 390,291Ìý 389,655Ìý
Earnings per share from continuing operations $ 0.31Ìý $ 3.12Ìý $ 0.91Ìý
Earnings per share — diluted:
Income from continuing operations $ 118,584Ìý $ 1,216,269Ìý $ 354,906Ìý
Weighted average common shares outstanding 387,763Ìý 390,291Ìý 389,655Ìý
Incremental shares from stock options and other dilutive securities 607Ìý 2,120Ìý 2,466Ìý
Adjusted weighted average common shares outstanding 388,370Ìý 392,411Ìý 392,121Ìý
Earnings per share from continuing operations $ 0.31Ìý $ 3.10Ìý $ 0.91Ìý
Outstanding options to purchase approximately 9.3 million, 3.2 million and 3.4 million shares of Common Stock were excluded from the calculations of diluted earnings per share in the years ended March 2023, 2022 and 2021, respectively, because the effect of their inclusion would have been antidilutive to those years. In addition, 0.6 million, 0.5 million and 0.6 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share in the years ended March 2023, 2022 and 2021, respectively, because these units were not considered to be contingent outstanding shares in those years.