Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.10.0.1
EARNINGS PER SHARE
 3 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
 
 
Three Months Ended June
(In thousands, except per share amounts)
 
2018
 
 
2017
Earnings per share – basic:
 
 
 
 
 
Income from continuing operations
 
$
159,953

 
 
$
107,092

Weighted average common shares outstanding
 
394,165

 
 
397,065

Earnings per share from continuing operations
 
$
0.41

 
 
$
0.27

Earnings per share – diluted:
 
 
 
 
 
Income from continuing operations
 
$
159,953

 
 
$
107,092

Weighted average common shares outstanding
 
394,165

 
 
397,065

Incremental shares from stock options and other dilutive securities
 
5,383

 
 
3,447

Adjusted weighted average common shares outstanding
 
399,548

 
 
400,512

Earnings per share from continuing operations
 
$
0.40

 
 
$
0.27



For the three months ended June 2018, all outstanding options to purchase shares were dilutive and included in the calculation of diluted earnings per share. Outstanding options to purchase 10.3 million shares were excluded from the calculation of diluted earnings per share for the three-month period ended June 2017 because the effect of their inclusion would have been antidilutive.
In addition, 0.9 million and 1.1 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for the three-month periods ended June 2018 and June 2017, respectively, because these units were not considered to be contingent outstanding shares in those periods.