Earnings (Loss) Per Share

9 Months Ended

Dec. 30, 2011

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

Note 5 – Earnings (Loss) Per Share

Basic and diluted earnings (loss) per share (EPS) are calculated as follows:

	Quarter Ended
(Amounts in millions, except per share data)	December 30, 2011			December 31, 2010
Net (loss) income attributable to CSC common shareholders:
From continuing operations	$	(1,392	)	$	243
From discontinued operations		2			(1	)
	$	(1,390	)	$	242
Common share information:
Weighted average common shares outstanding for basic EPS		155.061			154.526
Dilutive effect of stock options and other equity awards		-			2.190
Shares for diluted earnings(loss) per share		155.061			156.716
Basic EPS:
Continuing operations	$	(8.97	)	$	1.58
Discontinued operations		0.01			(0.01	)
		(8.96	)	$	1.57
Diluted EPS:
Continuing operations	$	(8.97	)	$	1.55
Discontinued operations		0.01			(0.01	)
	$	(8.96	)	$	1.54

	Nine Months Ended
(Amounts in millions, except per share data)	December 30, 2011			December 31, 2010
Net (loss) income attributable to CSC common shareholders:
From continuing operations	$	(4,085	)	$	548
From discontinued operations		1			21
	$	(4,084	)	$	569
Common share information:
Weighted average common shares outstanding for basic EPS		154.983			154.378
Dilutive effect of stock options and other equity awards		-			2.056
Shares for diluted earnings (loss) per share		154.983			156.434
Basic EPS:
Continuing operations	$	(26.36	)	$	3.55
Discontinued operations		0.01			0.14
	$	(26.35	)	$	3.69
Diluted EPS:
Continuing operations	$	(26.36	)	$	3.51
Discontinued operations		0.01			0.13
	$	(26.35	)	$	3.64

The computation of the diluted earnings (loss) per share for the quarter and nine months ended December 30, 2011, excluded 790,381 and 2,149,775 of stock options and restricted stock units, respectively, whose effect, if included would have been anti-dilutive due to the Company's net loss.  In addition, stock options whose exercise price exceeded the average market price of the Company's common stock, and therefore were anti-dilutive, were excluded from the diluted earnings (loss) per share computation. The number of such shares related to stock options was 18,336,991 and 17,211,569 for the quarter and nine months ended December 30, 2011, respectively, and 9,730,532 and 9,597,005 for the quarter and nine months ended December 31, 2010, respectively.