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					Nine-Month Periods Ended
	December 31, 2018			December 31, 2017		December 31, 2018		December 31, 2017
	(In thousands, except per share amounts)
Basic earnings per share:
Net income (loss)	$	(45,169	)	$	118,333	$	157,751	$	448,129
Shares used in computation:
Weighted-average ordinary shares outstanding	524,876			528,405		528,528		529,984
Basic earnings (losses) per share	(0.09		)	0.22		0.30		0.85

Diluted earnings per share:
Net income (loss)	$	(45,169	)	$	118,333	$	157,751	$	448,129
Shares used in computation:
Weighted-average ordinary shares outstanding	524,876			528,405		528,528		529,984
Weighted-average ordinary share equivalents from stock options and awards (1) (2)	—			5,947		3,780		5,988
Weighted-average ordinary shares and ordinary share equivalents outstanding	524,876			534,352		532,308		535,972
Diluted earnings (losses) per share	(0.09		)	0.22		0.30		0.84

____________________________________________________________


(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 nine-month periods ended December 31, 2018 and December 31, 2017, respectively, due to their anti-dilutive impact on the weighted-average ordinary share equivalents.


(2)	Restricted share unit awards of 6.6 million for the nine-month period ended December 31, 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 nine-month periods ended December 31, 2017.