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Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.20.2
EARNINGS PER SHARE
 3 Months Ended
Jun. 27, 2020
Earnings Per Share [Abstract] Ìý
EARNINGS PER SHARE EARNINGS PER SHARE
Ìý Three Months Ended June
(In thousands, except per share amounts) 2020 2019
Earnings (loss) per share – basic:
Income (loss) from continuing operations
 $ (277,742) Ìý $ 65,273Ìý Ìý
Weighted average common shares outstanding
 388,695Ìý Ìý 396,727Ìý Ìý
Earnings (loss) per share from continuing operations
 $ (0.71) Ìý $ 0.16Ìý Ìý
Earnings (loss) per share – diluted:
Income (loss) from continuing operations
 $ (277,742) Ìý $ 65,273Ìý Ìý
Weighted average common shares outstanding
 388,695Ìý Ìý 396,727Ìý Ìý
Incremental shares from stock options and other dilutive securities
 2,096Ìý Ìý 5,187Ìý Ìý
Adjusted weighted average common shares outstanding
 390,791Ìý Ìý 401,914Ìý Ìý
Earnings (loss) per share from continuing operations
 $ (0.71) Ìý $ 0.16Ìý Ìý

Outstanding options to purchase approximately 5.4 million and 1.5 million shares were excluded from the calculations of diluted earnings per share for the three-month periods ended June 2020 and June 2019, respectively, because the effect of their inclusion would have been anti-dilutive.

In addition, 0.4 million and 0.8 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for the three-month periods ended June 2020 and June 2019, respectively, because these units were not considered to be contingent outstanding shares in those periods.