EARNINGS PER SHARE (Tables)

12 Months Ended

Mar. 31, 2018

Schedule of basic weighted-average ordinary shares outstanding and diluted weighted-average ordinary share equivalents used to calculate basic and diluted 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 income per share:



	Fiscal Year Ended March 31,
	2018		2017		2016
	(In thousands, except per share amounts)
Basic earnings per share:
Net income	$	428,534	$	319,564	$	444,081
Shares used in computation:
Weighted-average ordinary shares outstanding	529,782		540,503		557,667
Basic earnings per share	$	0.81	$	0.59	$	0.80

Diluted earnings per share:
Net income	$	428,534	$	319,564	$	444,081
Shares used in computation:
Weighted-average ordinary shares outstanding	529,782		540,503		557,667
Weighted-average ordinary share equivalents from stock options and awards (1)	6,816		5,717		7,202
Weighted-average ordinary shares and ordinary share equivalents outstanding	536,598		546,220		564,869
Diluted earnings per share	$	0.80	$	0.59	$	0.79

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(1)

An immaterial amount of options to purchase ordinary shares during fiscal year 2018 were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted average ordinary shares equivalents. Options to purchase ordinary shares of 0.5 million and 2.0 million during fiscal years 2017 and 2016, respectively, were excluded from the computation of diluted earnings per share.

Share bonus awards of less than 0.1 million during fiscal year 2018 and 2017, respectively, were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted average ordinary shares equivalents. There were no anti-dilutive share bonus awards in fiscal year 2016.