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EARNINGS PER SHARE | 6 Months Ended
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Sep. 26, 2020
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE
|  | Three Months Ended September |  |  | Six Months Ended September
(In thousands, except per share amounts) |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019
Earnings (loss) per share – basic: |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | 243,246 |  |  |  | $ | 625,377 |  |  |  | $ | (34,496) |  |  |  | $ | 690,650 |
Weighted average common shares outstanding |  | 389,219 |  |  |  | 397,751 |  |  |  | 388,957 |  |  |  | 397,239 |
Earnings (loss) per share from continuing operations |  | $ | 0.62 |  |  |  | $ | 1.57 |  |  |  | $ | (0.09) |  |  |  | $ | 1.74 |
Earnings (loss) per share – diluted: |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | 243,246 |  |  |  | $ | 625,377 |  |  |  | $ | (34,496) |  |  |  | $ | 690,650 |
Weighted average common shares outstanding |  | 389,219 |  |  |  | 397,751 |  |  |  | 388,957 |  |  |  | 397,239 |
Incremental shares from stock options and other dilutive securities |  | 1,961 |  |  |  | 4,510 |  |  |  | 2,029 |  |  |  | 4,849 |
Adjusted weighted average common shares outstanding |  | 391,180 |  |  |  | 402,261 |  |  |  | 390,986 |  |  |  | 402,088 |
Earnings (loss) per share from continuing operations |  | $ | 0.62 |  |  |  | $ | 1.55 |  |  |  | $ | (0.09) |  |  |  | $ | 1.72 |
Outstanding options to purchase approximately 5.4 million shares were excluded from the calculations of diluted earnings per share for both the three and six-month periods ended September 2020, and outstanding options to purchase approximately 1.5 million shares were excluded from the calculations of diluted earnings per share for both the three and six-month periods ended September 2019, because the effect of their inclusion would have been anti-dilutive. In addition, 0.8 million and 0.6 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for the three and six-month periods ended September 2020, respectively, and 0.8 million shares of performance-based RSUs were excluded from the calculations of diluted earnings per share for both the three and six-month periods ended September 2019, because these units were not considered to be contingent outstanding shares in those periods.

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