EARNINGS PER SHARE

3 Months Ended

Jun. 27, 2020


	Three Months Ended June

(In thousands, except per share amounts)	2020		2019
Earnings (loss) per share – basic:
Income (loss) from continuing operations	$	(277,742)	$	65,273
Weighted average common shares outstanding	388,695		396,727
Earnings (loss) per share from continuing operations	$	(0.71)	$	0.16
Earnings (loss) per share – diluted:
Income (loss) from continuing operations	$	(277,742)	$	65,273
Weighted average common shares outstanding	388,695		396,727
Incremental shares from stock options and other dilutive securities	2,096		5,187
Adjusted weighted average common shares outstanding	390,791		401,914
Earnings (loss) per share from continuing operations	$	(0.71)	$	0.16

Outstanding options to purchase approximately 5.4 million and 1.5 million shares were excluded from the calculations of diluted earnings per share for the three-month periods ended June 2020 and June 2019, respectively, because the effect of their inclusion would have been anti-dilutive.

In addition, 0.4 million and 0.8 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for the three-month periods ended June 2020 and June 2019, respectively, because these units were not considered to be contingent outstanding shares in those periods.