XML 34 R23.htm IDEA: XBRL DOCUMENT
v3.22.2

EARNINGS PER SHARE | 3 Months Ended
--- | ---
Jul. 02, 2022
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE
|  | Three Months Ended June |  |  |
(In thousands, except per share amounts) |  | 2022 |  |  | 2021 |  |  |  |  |  |
Earnings (loss) per share – basic: |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | (55,960) |  |  |  | $ | 153,972 |  |  |  |  |  |  |
Weighted average common shares outstanding |  | 387,563 |  |  |  | 391,351 |  |  |  |  |  |  |
Earnings (loss) per share from continuing operations |  | $ | (0.14) |  |  |  | $ | 0.39 |  |  |  |  |  |  |
Earnings (loss) per share – diluted: |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | (55,960) |  |  |  | $ | 153,972 |  |  |  |  |  |  |
Weighted average common shares outstanding |  | 387,563 |  |  |  | 391,351 |  |  |  |  |  |  |
Incremental shares from stock options and other dilutive securities |  | — |  |  |  | 2,777 |  |  |  |  |  |  |
Adjusted weighted average common shares outstanding |  | 387,563 |  |  |  | 394,128 |  |  |  |  |  |  |
Earnings (loss) per share from continuing operations |  | $ | (0.14) |  |  |  | $ | 0.39 |  |  |  |  |  |  |
In the three-month period ended June 2022, the dilutive impact of outstanding options and other securities was excluded from dilutive shares as a result of the Company's net loss for the period and, as such, their inclusion would have been anti-dilutive. Outstanding options to purchase approximately 2.9 million shares were excluded from the calculation of diluted earnings per share for the three-month period ended June 2021 because the effect of their inclusion would have been anti-dilutive. In addition, 0.6 million shares of performance-based RSUs were excluded from the calculation of diluted earnings per share for the three-month period ended June 2021 because these units were not considered to be contingent outstanding shares in the period.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration