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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 ended December 31, 2016 and December 31, 2015, respectively, and share bonus awards of 3.5 million for the nine-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 nine-month period ended December 31, 2016.