Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.21.2
EARNINGS PER SHARE
 3 Months Ended
Jul. 03, 2021
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
  Three Months Ended June
(In thousands, except per share amounts) 2021 2020
Earnings (loss) per share – basic:
Income (loss) from continuing operations
 $ 153,972  $ (277,742)
Weighted average common shares outstanding
 391,351  388,695 
Earnings (loss) per share from continuing operations
 $ 0.39  $ (0.71)
Earnings (loss) per share – diluted:
Income (loss) from continuing operations
 $ 153,972  $ (277,742)
Weighted average common shares outstanding
 391,351  388,695 
Incremental shares from stock options and other dilutive securities
 2,777  2,096 
Adjusted weighted average common shares outstanding
 394,128  390,791 
Earnings (loss) per share from continuing operations
 $ 0.39  $ (0.71)
Outstanding options to purchase approximately 2.9 million and 5.4 million shares were excluded from the calculations of diluted earnings per share for the three-month periods ended June 2021 and June 2020, respectively because the effect of their inclusion would have been anti-dilutive. In addition, 0.6 million and 0.4 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for the three-month periods ended June 2021 and June 2020, respectively, because these units were not considered to be contingent outstanding shares in those periods.