EARNINGS PER SHARE

12 Months Ended

Apr. 02, 2022


	Year Ended March

(In thousands, except per share amounts)	2022		2021		2020
Earnings per share — basic:
Income from continuing operations	$	1,216,269	$	354,906	$	629,146
Weighted average common shares outstanding	390,291		389,655		395,411
Earnings per share from continuing operations	$	3.12	$	0.91	$	1.59
Earnings per share — diluted:
Income from continuing operations	$	1,216,269	$	354,906	$	629,146
Weighted average common shares outstanding	390,291		389,655		395,411
Incremental shares from stock options and other dilutive securities	2,120		2,466		4,525
Adjusted weighted average common shares outstanding	392,411		392,121		399,936
Earnings per share from continuing operations	$	3.10	$	0.91	$	1.57

Outstanding options to purchase approximately 3.2 million, 3.4 million and 1.5 million shares of Common Stock were excluded from the calculations of diluted earnings per share in the years ended March 2022, 2021 and 2020, respectively, because the effect of their inclusion would have been antidilutive to those years. In addition, 0.5 million, 0.6 million and 0.6 million shares

of performance-based RSUs were excluded from the calculations of diluted earnings per share in the years ended March 2022, 2021 and 2020, respectively, because these units were not considered to be contingent outstanding shares in those years.