EARNINGS PER SHARE

3 Months Ended

Jun. 28, 2019

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 28, 2019		June 29, 2018
	(In thousands, except per share amounts)
Basic earnings per share:
Net income	$	44,872	$	116,035
Shares used in computation:
Weighted-average ordinary shares outstanding	514,238		529,380
Basic earnings per share	$	0.09	$	0.22

Diluted earnings per share:
Net income	$	44,872	$	116,035
Shares used in computation:
Weighted-average ordinary shares outstanding	514,238		529,380
Weighted-average ordinary share equivalents from stock options and restricted share unit awards (1) (2)	3,312		6,074
Weighted-average ordinary shares and ordinary share equivalents outstanding	517,550		535,454
Diluted earnings per share	$	0.09	$	0.22

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(1)	An immaterial number of options to purchase ordinary shares were excluded from the computation of diluted earnings per share during the three-month periods ended June 28, 2019 and June 29, 2018, respectively, due to their anti-dilutive impact on the weighted-average ordinary share equivalents.

(2)

Restricted share unit awards of 6.1 million and 3.3 million for the three-month periods ended June 28, 2019 and June 29, 2018, were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted-average ordinary share equivalents.