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Annual report [Section 13 and 15(d), not S-K Item 405]

EARNINGS (LOSS) PER SHARE

v3.25.1
EARNINGS (LOSS) PER SHARE
12 Months Ended
Mar. 29, 2025
Earnings Per Share [Abstract] Ìý
EARNINGS (LOSS) PER SHARE EARNINGS (LOSS) PER SHARE
Ìý
Year Ended March
(In thousands, except per share amounts) 2025 2024 2023
Earnings (loss) per share — basic:
Income (loss) from continuing operations $ 69,324Ìý $ (1,018,477) $ 755,734Ìý
Weighted average common shares outstanding 389,152Ìý 388,360Ìý 387,763Ìý
Earnings (loss) per share from continuing operations $ 0.18Ìý $ (2.62) $ 1.95Ìý
Earnings (loss) per share — diluted:
Income (loss) from continuing operations $ 69,324Ìý $ (1,018,477) $ 755,734Ìý
Weighted average common shares outstanding 389,152Ìý 388,360Ìý 387,763Ìý
Incremental shares from stock options and other dilutive securities 3,419Ìý —Ìý 607Ìý
Adjusted weighted average common shares outstanding 392,571Ìý 388,360Ìý 388,370Ìý
Earnings (loss) per share from continuing operations $ 0.18Ìý $ (2.62) $ 1.95Ìý
Outstanding stock options and other dilutive securities of approximately 11.8 million and 9.7 million shares were excluded from the calculations of diluted earnings per share for the years ended March 2025 and 2023, respectively, because the effect of their inclusion would have been anti-dilutive to those years. In addition, 1.9 million and 0.6 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for the years ended March 2025 and 2023, respectively, because these units were not considered to be contingent outstanding shares in those years.
In the year ended March 2024, the dilutive impacts of all outstanding stock options and other dilutive securities were excluded from dilutive shares as a result of the Company's loss from continuing operations for the period and, as such, their inclusion would have been anti-dilutive. As a result, a total of 19.0 million potentially dilutive shares related to stock options and other dilutive securities were excluded from the diluted loss per share calculation for the year ended March 2024.