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Earnings (Loss) Per Share
 9 Months Ended
Dec. 28, 2012
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings (Loss) Per Share

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

 
 
Quarter Ended
(Amounts in millions, except per-share amounts)
 
December 28, 2012
 
December 30, 2011
 
 
 
 
 
Net income (loss) attributable to CSC common shareholders
 
 
 
 
From continuing operations
 
$
120

 
$
(1,420
)
From discontinued operations
 
390

 
30

 
 
$
510

 
$
(1,390
)
Common share information:
 
 
 
 
Weighted average common shares outstanding for basic EPS
 
155.039

 
155.061

Dilutive effect of stock options and equity awards
 
1.045

 
—

Shares for diluted earnings per share
 
156.084

 
155.061

 
 
 
 
 
Earnings (loss) per share – basic and diluted:
 
 
 
 
Basic EPS:
 
 
 
 
Continuing operations
 
$
0.77

 
$
(9.15
)
Discontinued operations
 
2.52

 
0.19

Total
 
$
3.29

 
$
(8.96
)
 
 
 
 
 
Diluted EPS:
 
 
 
 
Continuing operations
 
$
0.77

 
$
(9.15
)
Discontinued operations
 
2.50

 
0.19

Total
 
$
3.27

 
$
(8.96
)
 
 
Nine Months Ended
(Amounts in millions, except per-share amounts)
 
December 28, 2012
 
December 30, 2011
 
 
 
 
 
Net income (loss) attributable to CSC common shareholders:
 
 
 
 
From continuing operations
 
$
261

 
$
(4,194
)
From discontinued operations
 
419

 
110

 
 
$
680

 
$
(4,084
)
Common share information:
 
 
 
 
Weighted average common shares outstanding for basic EPS
 
155.209

 
154.983

Dilutive effect of stock options and equity awards
 
0.639

 
—

Shares for diluted EPS
 
155.848

 
154.983

 
 
 
 
 
Earnings (loss) per share – basic and diluted:
 
 
 
 
Basic EPS:
 
 
 
 
Continuing operations
 
$
1.68

 
$
(27.06
)
Discontinued operations
 
2.70

 
0.71

Total
 
$
4.38

 
$
(26.35
)
 
 
 
 
 
Diluted EPS:
 
 
 
 
Continuing operations
 
$
1.67

 
$
(27.06
)
Discontinued operations
 
2.69

 
0.71

Total
 
$
4.36

 
$
(26.35
)


The computation of diluted earnings (loss) per share excluded options to purchase 24,193 shares of common stock and 766,188 restricted stock units, for the quarter ended December 30, 2011, and options to purchase 826,872 shares of common stock and 1,322,903 restricted stock units for the nine months ended December 30, 2011 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 shares related to such stock options was 14,211,065 and 17,843,771 for the quarter and nine months ended December 28, 2012, respectively, and 18,336,991 and 17,211,569 for the quarter and nine months ended December 30, 2011, respectively.