EARNINGS PER SHARE (Tables)

12 Months Ended

Mar. 31, 2019

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,
	2019		2018		2017
	(In thousands, except per share amounts)
Basic earnings per share:
Net income	$	93,399	$	428,534	$	319,564
Shares used in computation:
Weighted-average ordinary shares outstanding	526,519		529,782		540,503
Basic earnings per share	$	0.18	$	0.81	$	0.59

Diluted earnings per share:
Net income	$	93,399	$	428,534	$	319,564
Shares used in computation:
Weighted-average ordinary shares outstanding	526,519		529,782		540,503
Weighted-average ordinary share equivalents from stock options and restricted share unit awards (1) (2)	3,551		6,816		5,717
Weighted-average ordinary shares and ordinary share equivalents outstanding	530,070		536,598		546,220
Diluted earnings per share	$	0.18	$	0.80	$	0.59

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(1)	An immaterial amount of options to purchase ordinary shares during fiscal years 2019 and 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 during fiscal year 2017 were excluded from the computation of diluted earnings per share.

(2)

Restricted share unit awards of 6.8 million during fiscal year 2019 were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted average ordinary shares equivalents. Less than 0.1 million of anti-dilutive restricted share unit awards were excluded from the computation of diluted earnings per share during fiscal years 2018 and 2017, respectively.