Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.19.2
EARNINGS PER SHARE
 3 Months Ended
Jun. 29, 2019
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
 
 
Three Months Ended June
 
 
 
 
 
 
(In thousands, except per share amounts)
 
2019
 
 
2018
Earnings per share – basic:
 
 
 
 
 
Income from continuing operations
 
$
97,249

 
 
$
61,364

Weighted average common shares outstanding
 
396,727

 
 
394,165

Earnings per share from continuing operations
 
$
0.25

 
 
$
0.16

Earnings per share – diluted:
 
 
 
 
 
Income from continuing operations
 
$
97,249

 
 
$
61,364

Weighted average common shares outstanding
 
396,727

 
 
394,165

Incremental shares from stock options and other dilutive securities
 
5,187

 
 
5,383

Adjusted weighted average common shares outstanding
 
401,914

 
 
399,548

Earnings per share from continuing operations
 
$
0.24

 
 
$
0.15



Outstanding options to purchase approximately 1.5 million and 1.8 million shares were excluded from the calculations of diluted earnings per share for the three-month periods ended June 2019 and June 2018, respectively, because the effect of their inclusion would have been anti-dilutive.
In addition, 0.8 million and 0.9 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for the three-month periods ended June 2019 and June 2018, respectively, because these units were not considered to be contingent outstanding shares in those periods.