| EARNINGS PER SHARE |
EARNINGS PER SHARE
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Three Months Ended December |
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Nine Months Ended December |
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| (In thousands, except per share amounts) |
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2022 |
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2021 |
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2022 |
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2021 |
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Earnings per share – basic: |
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Income from continuing operations |
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$ |
507,868 |
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$ |
517,801 |
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$ |
333,476 |
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$ |
1,135,826 |
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Weighted average common shares outstanding |
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387,739 |
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390,430 |
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387,663 |
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391,187 |
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Earnings per share from continuing operations |
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$ |
1.31
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$ |
1.33
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$ |
0.86
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$ |
2.90
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Earnings per share – diluted: |
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Income from continuing operations |
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$ |
507,868 |
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$ |
517,801 |
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$ |
333,476 |
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$ |
1,135,826 |
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Weighted average common shares outstanding |
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387,739 |
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390,430 |
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387,663 |
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391,187 |
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Incremental shares from stock options and other dilutive securities |
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453 |
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2,065 |
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694 |
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2,360 |
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Adjusted weighted average common shares outstanding |
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388,192 |
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392,495 |
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388,357 |
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393,547 |
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Earnings per share from continuing operations |
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$ |
1.31
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$ |
1.32
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$ |
0.86
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$ |
2.89
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Outstanding options to purchase approximately 9.4 million shares were excluded from the calculations of diluted earnings per share for both the three and nine-month periods ended December 2022, and outstanding options to purchase approximately 2.8 million shares were excluded from the calculations of diluted earnings per share for both the three and nine-month periods ended December 2021, because the effect of their inclusion would have been anti-dilutive.In addition, 0.6 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for the three and nine-month periods ended December 2022 and December 2021, because these units were not considered to be contingent outstanding shares in those periods.
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