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EARNINGS PER SHARE | 6 Months Ended
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Oct. 01, 2022
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE
|  | Three Months Ended September |  |  | Six Months Ended September |  |  |
(In thousands, except per share amounts) |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |  |  |  |  |  |
Earnings (loss) per share – basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | (118,432) |  |  |  | $ | 464,053 |  |  |  | $ | (174,392) |  |  |  | $ | 618,025 |  |  |  |  |  |  |
Weighted average common shares outstanding |  | 387,688 |  |  |  | 391,779 |  |  |  | 387,625 |  |  |  | 391,565 |  |  |  |  |  |  |
Earnings (loss) per share from continuing operations |  | $ | (0.31) |  |  |  | $ | 1.18 |  |  |  | $ | (0.45) |  |  |  | $ | 1.58 |  |  |  |  |  |  |
Earnings (loss) per share – diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | (118,432) |  |  |  | $ | 464,053 |  |  |  | $ | (174,392) |  |  |  | $ | 618,025 |  |  |  |  |  |  |
Weighted average common shares outstanding |  | 387,688 |  |  |  | 391,779 |  |  |  | 387,625 |  |  |  | 391,565 |  |  |  |  |  |  |
Incremental shares from stock options and other dilutive securities |  | — |  |  |  | 2,238 |  |  |  | — |  |  |  | 2,507 |  |  |  |  |  |  |
Adjusted weighted average common shares outstanding |  | 387,688 |  |  |  | 394,017 |  |  |  | 387,625 |  |  |  | 394,072 |  |  |  |  |  |  |
Earnings (loss) per share from continuing operations |  | $ | (0.31) |  |  |  | $ | 1.18 |  |  |  | $ | (0.45) |  |  |  | $ | 1.57 |  |  |  |  |  |  |
In both the three and six-month periods ended September 2022, the dilutive impact of outstanding options and other securities were excluded from dilutive shares as a result of the Company's net loss for the periods and, as such, their inclusion would have been anti-dilutive. Outstanding options to purchase approximately 2.8 million shares were excluded from the calculations of diluted earnings per share for both the three and six-month periods ended September 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 calculations of diluted earnings per share for both the three and six-month periods ended September 2021, because these units were not considered to be contingent outstanding shares in those periods.

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