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EARNINGS PER SHARE | 9 Months Ended
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Dec. 26, 2020
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE
|  | Three Months Ended December |  |  | Nine Months Ended December
(In thousands, except per share amounts) |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019
Earnings per share – basic: |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 327,659 |  |  |  | $ | 421,582 |  |  |  | $ | 293,163 |  |  |  | $ | 1,112,232 |
Weighted average common shares outstanding |  | 389,872 |  |  |  | 395,940 |  |  |  | 389,262 |  |  |  | 396,806 |
Earnings per share from continuing operations |  | $ | 0.84 |  |  |  | $ | 1.06 |  |  |  | $ | 0.75 |  |  |  | $ | 2.80 |
Earnings per share – diluted: |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 327,659 |  |  |  | $ | 421,582 |  |  |  | $ | 293,163 |  |  |  | $ | 1,112,232 |
Weighted average common shares outstanding |  | 389,872 |  |  |  | 395,940 |  |  |  | 389,262 |  |  |  | 396,806 |
Incremental shares from stock options and other dilutive securities |  | 2,979 |  |  |  | 4,382 |  |  |  | 2,345 |  |  |  | 4,693 |
Adjusted weighted average common shares outstanding |  | 392,851 |  |  |  | 400,322 |  |  |  | 391,607 |  |  |  | 401,499 |
Earnings per share from continuing operations |  | $ | 0.83 |  |  |  | $ | 1.05 |  |  |  | $ | 0.75 |  |  |  | $ | 2.77 |
Outstanding options to purchase approximately 1.5 million and 4.1 million shares were excluded from the calculations of diluted earnings per share for the three and nine-month periods ended December 2020, respectively, 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 nine-month periods ended December 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 nine-month periods ended December 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 nine-month periods ended December 2019, because these units were not considered to be contingent outstanding shares in those periods.

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