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Net Income (Loss) Per Share
 6 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
Net Income (Loss) Per Share
Basic and diluted net income (loss) per share are computed on the basis of the weighted-average number of shares of common stock outstanding during the period. Diluted net income per share also includes the incremental effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include the dilutive effect of the shares' underlying outstanding stock options, restricted stock, employee stock purchase plan and Convertible Senior Notes.
The components of net income (loss) per share are as follows:
 
Three Months Ended
 
Six Months Ended
 
September 30, 2016
 
October 2,
2015
 
September 30, 2016
 
October 2,
2015
 
(In millions, except per share data)
Income (loss) from continuing operations
$
(69
)
 
$
53

 
$
(3
)
 
$
78

Income (loss) from discontinued operations, net of tax
(75
)
 
103

 
(6
)
 
195

Net income (loss)
$
(144
)
 
$
156

 
$
(9
)
 
$
273

Income (loss) per share - basic:
 
 
 
 
 
 
 
Continuing operations
$
(0.11
)
 
$
0.08

 
$
—

 
$
0.11

Discontinued operations
$
(0.12
)
 
$
0.15

 
$
(0.01
)
 
$
0.29

Net income (loss) per share - basic
$
(0.23
)
 
$
0.23

 
$
(0.01
)
 
$
0.40

Income (loss) per share - diluted:
 
 
 
 
 
 
 
Continuing operations
$
(0.11
)
 
$
0.08

 
$
—

 
$
0.11

Discontinued operations
$
(0.12
)
 
$
0.15

 
$
(0.01
)
 
$
0.28

Net income (loss) per share - diluted
$
(0.23
)
 
$
0.23

 
$
(0.01
)
 
$
0.40

 
 
 
 
 
 
 
 
Weighted-average shares outstanding - basic
620

 
682

 
617

 
682

Dilutive potential shares
—

 
5

 
—

 
7

Weighted-average shares outstanding - diluted
620

 
687

 
617

 
689


 
Note: The total amounts may not add due to rounding.
The following convertible shares, stock options and restricted stock units have been excluded from the computation of diluted net income (loss) per share because their effect would have been anti-dilutive:
 
As of
 
September 30, 2016
 
October 2,
2015
 
(In millions)
Convertible shares
91

 
—

Stock options
19

 
—

Restricted stock units
29

 
11

Total
139

 
11


Under the treasury stock method, the Convertible Senior Notes will generally have a dilutive impact on earnings when our average stock price for the period exceeds approximately $16.77 per share for the 2.5% Convertible Senior Notes and $20.41 per share for the 2.0% Convertible Senior Notes. During the three and six months ended September 30, 2016, the conversion feature of both notes was anti-dilutive due to a loss from continuing operations.