XML 108 R16.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings (Loss) Per Share (Notes)
 12 Months Ended
Mar. 28, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Earnings (Loss) Per Share

Basic earnings (loss) per common share (EPS) and diluted EPS are calculated as follows:

 
 
Twelve Months Ended
(Amounts in millions, except per-share data)
 
March 28, 2014
 
March 29, 2013
 
March 30, 2012
 
 
(As Adjusted)
 
(As Adjusted)
 
(As Restated and Adjusted)
Net income (loss) attributable to CSC common shareholders:
 
 
 
 
 
 
From continuing operations
 
$
859

 
$
278

 
$
(778
)
From discontinued operations
 
88

 
482

 
162

 
 
$
947

 
$
760

 
$
(616
)
Common share information:
 
 
 
 
 
 
Weighted average common shares outstanding for basic EPS
 
147.647

 
154.590

 
155.012

Dilutive effect of stock options and equity awards
 
3.114

 
0.967

 
—

Shares for diluted earnings (loss) per share
 
150.761

 
155.557

 
155.012

 
 
 
 
 
 
 
Earnings (loss) per share – basic and diluted:
 
 
 
 
 
 
Basic EPS:
 
 
 
 
 
 
Continuing operations
 
$
5.81

 
$
1.80

 
$
(5.02
)
Discontinued operations
 
0.60

 
3.12

 
1.05

Total
 
$
6.41

 
$
4.92

 
$
(3.97
)
 
 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
 
Continuing operations
 
$
5.70

 
$
1.79

 
$
(5.02
)
Discontinued operations
 
0.58

 
3.10

 
1.05

Total
 
$
6.28

 
$
4.89

 
$
(3.97
)


The computation of diluted EPS does not include stock options and RSUs which are antidilutive, as their exercise price exceeded the average market price of the Company’s common stock. The number of shares related to such stock options were 4,573,542, 14,755,024, and 17,592,316, for the years ended March 28, 2014, March 29, 2013, and March 30, 2012, respectively. The number of shares related to such RSUs were 14,953, 6,131 and 183,332 for the years ended March 28, 2014, March 29, 2013, and March 30, 2012, respectively. In addition, the computation of diluted EPS for the year ended March 30, 2012, excluded options to purchase 442,228 shares of common stock and 1,064,959 RSUs whose effect, if included, would have been anti-dilutive due to the Company’s net loss.