Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.19.3
EARNINGS PER SHARE
6 Months Ended
Sep. 28, 2019
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
 
 
Three Months Ended September
 
 
Six Months Ended September
 
 
 
 
 
 
 
 
 
 
 
 
(In thousands, except per share amounts)
 
2019
 
 
2018
 
 
2019
 
 
2018
Earnings per share – basic:
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
649,001

 
 
$
416,124

 
 
$
746,250

 
 
$
477,488

Weighted average common shares outstanding
 
397,751

 
 
395,892

 
 
397,239

 
 
395,029

Earnings per share from continuing operations
 
$
1.63

 
 
$
1.05

 
 
$
1.88

 
 
$
1.21

Earnings per share – diluted:
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
649,001

 
 
$
416,124

 
 
$
746,250

 
 
$
477,488

Weighted average common shares outstanding
 
397,751

 
 
395,892

 
 
397,239

 
 
395,029

Incremental shares from stock options and other dilutive securities
 
4,510

 
 
6,047

 
 
4,849

 
 
5,715

Adjusted weighted average common shares outstanding
 
402,261

 
 
401,939

 
 
402,088

 
 
400,744

Earnings per share from continuing operations
 
$
1.61

 
 
$
1.04

 
 
$
1.86

 
 
$
1.19



Outstanding options to purchase approximately 1.5 million shares were excluded from the calculations of diluted earnings per share for both the three and six-month periods ended September 2019, and outstanding options to purchase approximately 20,000 and 0.9 million shares were excluded from the calculations of diluted earnings per share for the three and six-month periods ended September 2018, respectively, because the effect of their inclusion would have been anti-dilutive.
In addition, 0.8 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for both the three and six-month periods ended September 2019, and 0.9 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for both the three and six-month periods ended September 2018, because these units were not considered to be contingent outstanding shares in those periods.