(Loss) Earnings Per Share

Basic (loss) earnings per common share (“EPS”) for the fiscal year ended March 31, 2020 is computed using the weighted average number of shares of common stock outstanding. Diluted EPS reflects the incremental shares issuable upon the assumed exercise of stock options and vesting of other equity awards. EPS for the fiscal year ended March 31, 2019 is computed using the weighted average number of shares of common stock outstanding between the date of the Distribution and the end of the period. EPS for the fiscal year ended March 31, 2018 is computed using the shares of Perspecta common stock resulting from the Distribution, as we did not operate as a stand-alone entity and therefore, no common stock, stock options or other equity awards were outstanding. Diluted loss per common share for the fiscal year ended March 31, 2020 did not include the impact of potentially dilutive stock awards because the result would have been anti-dilutive. The aggregate number of anti-dilutive equity awards excluded from the calculation of EPS for each of the fiscal years ended March 31, 2019 and 2018 was insignificant.

The following table reflects the calculation of basic and diluted EPS:



	Fiscal Years Ended
(in millions, except per share amounts)	March 31, 2020			March 31, 2019		March 31, 2018
Net (loss) income	$	(676	)	$	72	$	208

Common share information:
Basic weighted average common shares outstanding	161.99			164.56		142.43
Dilutive effect of equity awards	—			0.26		—
Diluted weighted average common shares outstanding	161.99			164.82		142.43

(Loss) earnings per common share:
Basic	$	(4.17	)	$	0.44	$	1.46
Diluted	$	(4.17	)	$	0.44	$	1.46