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Net Income Per Share
 3 Months Ended
Jul. 05, 2019
Earnings Per Share [Abstract]  
Net Income Per Share 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 the three months ended June 29, 2018, as there was a loss from continuing operations in the period 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)
July 5, 2019
 
June 29, 2018
Income (loss) from continuing operations
$
26

 
$
(65
)
Income from discontinued operations
—

 
5

Net income (loss)
$
26

 
$
(60
)
Income (loss) per share - basic:
 
 
 
Continuing operations
$
0.04

 
$
(0.10
)
Discontinued operations
$
—

 
$
0.01

Net income (loss) per share - basic (1)
$
0.04

 
$
(0.10
)
Income (loss) per share - diluted:
 
 
 
Continuing operations
$
0.04

 
$
(0.10
)
Discontinued operations
$
—

 
$
0.01

Net income (loss) per share - diluted (1)
$
0.04

 
$
(0.10
)
 
 
 
 
Weighted-average shares outstanding - basic
619

 
624

Dilutive potentially issuable shares:
 
 
 
Convertible debt
10

 
—

Employee equity awards
13

 
—

Weighted-average shares outstanding - diluted
642

 
624

 
 
 
 
Anti-dilutive shares excluded from diluted net income (loss) per share calculation:
 
 
 
Convertible debt
—

 
91

Employee equity awards
5

 
55

Total
5

 
146


 

(1) Net income 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 as there was a loss from continuing operations in the period.