Income (Loss) From Continuing Operations Per Share

9 Months Ended

Mar. 30, 2012

Income (Loss) From Continuing Operations Per Share [Abstract]

Income (loss) from continuing operations per share

Note K—Income (Loss) From Continuing Operations Per Share

The computations of income (loss) from continuing operations per shareare as follows (in this Note K, “income (loss) from continuing operations” refers to income (loss) from continuing operations attributable to Harris Corporation common shareholders):

		Quarter Ended				Three Quarters Ended
		March 30,		April 1,		March 30,		April 1,
		2012		2011		2012		2011
		(In millions, except per share amounts)
Income (loss) from continuing operations		$	(255.4)	$	141.9	$	8.2	$	461.7
Adjustments for participating securities outstanding			―		(1.7)		(0.1)		(5.7)
Income (loss) from continuing operations used in basic and diluted
	common share calculations (A)	$	(255.4)	$	140.2	$	8.1	$	456.0
Basic weighted average common shares outstanding (B)			112.3		125.0		114.9		125.9
Impact of dilutive stock options			―		1.0		0.6		1.0
Diluted weighted average common shares outstanding (C)			112.3		126.0		115.5		126.9
Income (loss) from continuing operations per basic common share (A)/(B)		$	(2.27)	$	1.12	$	0.07	$	3.62
Income (loss) from continuing operations per diluted common share (A)/(C)		$	(2.27)	$	1.11	$	0.07	$	3.59

For purposes of the computations of loss from continuing operations per common share in the quarter ended March 30, 2012, due to the loss from continuing operations, the numerator was not adjusted to consider the effect of participating securities outstanding, and also basic weighted average common shares outstanding was used in the computation of the loss from continuing operations per diluted common share because the use of diluted weighted average common shares outstanding would have been antidilutive.

Potential dilutive common sharesconsist of employee stock options. Employee stock options to purchase approximately 5,198,043and 3,244,200 shares of our common stock were outstanding at March 30, 2012 and April 1, 2011, respectively, but were not included as dilutive stock options in the computations ofincome (loss) from continuing operations per diluted common share because the effect would have been antidilutive as the options' exercise prices exceeded the average market price of our common stock.