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				Six-Month Periods Ended
	September 28, 2018		September 29, 2017		September 28, 2018		September 29, 2017
	(In thousands, except per share amounts)
Basic earnings per share:
Net income	$	86,885	$	205,086	$	202,920	$	329,796
Shares used in computation:
Weighted-average ordinary shares outstanding	531,503		531,313		530,426		530,790
Basic earnings per share	0.16		0.39		0.38		0.62

Diluted earnings per share:
Net income	$	86,885	$	205,086	$	202,920	$	329,796
Shares used in computation:
Weighted-average ordinary shares outstanding	531,503		531,313		530,426		530,790
Weighted-average ordinary share equivalents from stock options and awards (1) (2)	2,955		4,706		4,601		5,521
Weighted-average ordinary shares and ordinary share equivalents outstanding	534,458		536,019		535,027		536,311
Diluted earnings per share	0.16		0.38		0.38		0.61

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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 and six-month periods ended September 28, 2018 and September 29, 2017, respectively, due to their anti-dilutive impact on the weighted-average ordinary share equivalents.

(2)

Restricted share unit awards of 3.1 million for the three-month and six-month periods ended September 28, 2018 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 restricted share unit awards was excluded for the three-month and six-month periods ended September 29, 2017.