| EARNINGS PER SHARE |
EARNINGS PER SHARE
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Three Months Ended September |
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Six Months Ended September |
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| (In thousands, except per share amounts) |
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2020 |
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2019 |
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2020 |
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2019 |
Earnings (loss) per share – basic: |
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Income (loss) from continuing operations |
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$ |
243,246 |
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$ |
625,377 |
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$ |
(34,496) |
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$ |
690,650 |
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Weighted average common shares outstanding |
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389,219 |
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397,751 |
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388,957 |
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397,239 |
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Earnings (loss) per share from continuing operations |
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$ |
0.62
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$ |
1.57
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$ |
(0.09) |
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$ |
1.74
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Earnings (loss) per share – diluted: |
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Income (loss) from continuing operations |
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$ |
243,246 |
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$ |
625,377 |
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$ |
(34,496) |
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$ |
690,650 |
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Weighted average common shares outstanding |
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389,219 |
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397,751 |
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388,957 |
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397,239 |
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Incremental shares from stock options and other dilutive securities |
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1,961 |
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4,510 |
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2,029 |
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4,849 |
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Adjusted weighted average common shares outstanding |
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391,180 |
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402,261 |
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390,986 |
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402,088 |
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Earnings (loss) per share from continuing operations |
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$ |
0.62
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$ |
1.55
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$ |
(0.09) |
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$ |
1.72
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Outstanding options to purchase approximately 5.4 million shares were excluded from the calculations of diluted earnings per share for both the three and six-month periods ended September 2020, and 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, because the effect of their inclusion would have been anti-dilutive. In addition, 0.8 million and 0.6 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for the three and six-month periods ended September 2020, respectively, and 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, because these units were not considered to be contingent outstanding shares in those periods.
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