EARNINGS PER SHARE

9 Months Ended

Dec. 31, 2016

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

The following table reflects the basic weighted-average ordinary shares outstanding and diluted weighted-average ordinary share equivalents used to calculate basic and diluted earnings per share attributable to the shareholders of Flex Ltd.:

	Three-Month Periods Ended				Nine-Month Periods Ended
	December 31, 2016		December 31, 2015		December 31, 2016		December 31, 2015
	(In thousands, except per share amounts)
Net income	$	129,469	$	148,910	$	232,690	$	382,737
Shares used in computation:
Weighted-average ordinary shares outstanding	539,638		554,919		542,780		561,070
Basic earnings per share	$	0.24	$	0.27	$	0.43	$	0.68
Diluted earnings per share:
Net income	$	129,469	$	148,910	$	232,690	$	382,737
Shares used in computation:
Weighted-average ordinary shares outstanding	539,638		554,919		542,780		561,070
Weighted-average ordinary share equivalents from stock options and awards (1) (2)	5,384		6,077		5,592		7,856
Weighted-average ordinary shares and ordinary share equivalents outstanding	545,022		560,996		548,372		568,926
Diluted earnings per share	$	0.24	$	0.27	$	0.42	$	0.67

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(1)  Options to purchase ordinary shares of 0.5 million and 2.1 million during the three-month periods ended December 31, 2016 and December 31, 2015, respectively, and share bonus awards of 0.1 million for the three-month period ended December 31, 2015 were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted-average ordinary share equivalents. An immaterial amount of anti-dilutive share bonus awards was excluded for the three-month period ended December 31, 2016.

(2)  Options to purchase ordinary shares of 0.7 million and 1.2 million during the nine-month periods endedDecember 31, 2016 and December 31, 2015, respectively, and share bonus awards of 3.5 million for the nine-month period endedDecember 31, 2015 were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted-average ordinary share equivalents. An immaterial amount of anti-dilutive share bonus awards was excluded for the nine-month period endedDecember 31, 2016.