Net Income Per Share

Basic income per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted net income per share also includes the incremental effect of dilutive potentially issuable common shares outstanding during the period using the treasury stock method. Dilutive potentially issuable common shares includes the dilutive effect of the shares underlying convertible debt and employee equity awards. Diluted loss per share was the same as basic loss per share for each of the three months ended June 29, 2018 and June 30, 2017, as there was a loss from continuing operations in the periods and inclusion of potentially issuable shares was anti-dilutive.

The components of basic and diluted net income (loss) per share are as follows:



	Three Months Ended
(In millions, except per share amounts)	June 29, 2018			June 30, 2017
Loss from continuing operations	$	(65	)	$	(110	)
Income (loss) from discontinued operations, net of income taxes	5			(23		)
Net loss	$	(60	)	$	(133	)
Income (loss) per share - basic and diluted:
Continuing operations	$	(0.10	)	$	(0.18	)
Discontinued operations	$	0.01		$	(0.04	)
Net loss per share - basic and diluted ⁽¹⁾	$	(0.10	)	$	(0.22	)

Weighted-average shares outstanding - basic and diluted	624			609

Anti-dilutive shares excluded from diluted net income per share calculation:
Convertible debt	91			91
Employee equity awards	55			53
Total	146			144

(1) Net loss per share amounts may not add due to rounding.

Under the treasury stock method, our Convertible Senior Notes will generally have a dilutive impact on net income per share 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. The conversion feature of both notes was anti-dilutive during the three months ended June 29, 2018 and June 30, 2017 as there was a loss from continuing operations in the periods.