Dilutive effect of stock options and equity awards (in shares)

  
Note 5 - Earnings (Loss) Per Share   
Basic EPS are computed using the weighted average number of common shares outstanding during the period. Diluted EPS reflect the incremental shares issuable upon the assumed exercise of stock options and equity awards. The following table reflects the calculation of basic and diluted EPS:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Fiscal Years Ended |
| (in millions, except per-share amounts) |  | March 31, 2022 |  | March 31, 2021 |  | March 31, 2020 |
| Net income (loss) attributable to DXC common shareholders: |  | $ | 718  |  |  | $ | (149) |  |  | $ | (5,369) |  |
|  |  |  |  |  |  |  |
| Common share information: |  |  |  |  |  |  |
| Weighted average common shares outstanding for basic EPS |  | 250.02  |  |  | 254.14  |  |  | 258.57  |  |
| Dilutive effect of stock options and equity awards |  | 5.19  |  |  | —  |  |  | —  |  |
| Weighted average common shares outstanding for diluted EPS |  | 255.21  |  |  | 254.14  |  |  | 258.57  |  |
|  |  |  |  |  |  |  |
| Earnings per Share: |  |  |  |  |  |  |
| Basic |  | $ | 2.87  |  |  | $ | (0.59) |  |  | $ | (20.76) |  |
| Diluted |  | $ | 2.81  |  |  | $ | (0.59) |  |  | $ | (20.76) |  |

  
Certain share based equity awards were excluded from the computation of dilutive EPS because inclusion of these awards would have had an anti-dilutive effect. The following table reflects awards excluded:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Fiscal Years Ended |
|  |  | March 31, 2022 |  | March 31, 2021(1) |  | March 31, 2020(1) |
| Stock Options |  | 510,933  |  |  | 1,596,985  |  |  | 1,075,901  |  |
| RSUs |  | 6,500  |  |  | 2,768,022  |  |  | 2,029,567  |  |
| PSUs |  | 37,821  |  |  | 1,463,872  |  |  | 289,972  |  |

            (1) Due to the Company's net loss during fiscal 2021 and fiscal 2020, stock options, RSUs and PSUs were excluded from the computation of dilutive EPS because they would have had an anti-dilutive effect.  
  
85
