EARNINGS PER SHARE

The following table reflects 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
	June 29, 2018		June 30, 2017
	(In thousands, except per share amounts)
Net income	$	116,035	$	124,710
Shares used in computation:
Weighted-average ordinary shares outstanding	529,380		530,268
Basic earnings per share	$	0.22	$	0.24

Diluted earnings per share:
Net income	$	116,035	$	124,710
Shares used in computation:
Weighted-average ordinary shares outstanding	529,380		530,268
Weighted-average ordinary share equivalents from stock options and awards (1) (2)	6,074		8,365
Weighted-average ordinary shares and ordinary share equivalents outstanding	535,454		538,633
Diluted earnings per share	$	0.22	$	0.23

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(1) An immaterial amount of options to purchase ordinary shares were excluded from the computation of diluted earnings per share during the three-month periods ended June 29, 2018, and June 30, 2017 due to their anti-dilutive impact on the weighted-average ordinary share equivalents.

(2) Restricted share unit awards of 3.3 million and 0.1 million for the three-month periods ended June 29, 2018 and June 30, 2017, respectively, were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted-average ordinary share equivalents.