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EARNINGS (LOSS) PER SHARE
 9 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
EARNINGS (LOSSES) PER SHARE EARNINGS (LOSS) 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: 
 
Three-Month Periods Ended
 
Nine-Month Periods Ended
 
December 31, 2019
 
December 31, 2018
 
December 31, 2019
 
December 31, 2018
 
(In thousands, except per share amounts)
Basic earnings (loss) per share:


 


 


 


Net income (loss)
$
111,388

 
$
(45,169
)
 
$
39,320

 
$
157,751

Shares used in computation:


 


 
 

 
 

Weighted-average ordinary shares outstanding
506,938

 
524,876

 
511,198

 
528,528

Basic earnings (loss) per share
$
0.22

 
$
(0.09
)
 
$
0.08

 
$
0.30




 


 


 


Diluted earnings (loss) per share:
 

 
 

 
 

 
 

Net income (loss)
$
111,388

 
$
(45,169
)
 
$
39,320

 
$
157,751

Shares used in computation:
 

 
 

 
 

 
 

Weighted-average ordinary shares outstanding
506,938

 
524,876

 
511,198

 
528,528

Weighted-average ordinary share equivalents from stock options and restricted share unit awards (1) (2)
3,401

 
—

 
3,351

 
3,780

Weighted-average ordinary shares and ordinary share equivalents outstanding
510,339

 
524,876

 
514,549

 
532,308

Diluted earnings (loss) per share
$
0.22

 
$
(0.09
)
 
$
0.08

 
$
0.30

____________________________________________________________
(1)
An immaterial number of options to purchase ordinary shares were excluded from the computation of diluted earnings (loss) per share during the three and nine-month periods ended December 31, 2019 and December 31, 2018, respectively, due to their anti-dilutive impact on the weighted-average ordinary share equivalents.

(2)
RSU awards of 3.7 million and 4.0 million for the three and nine-month periods ended December 31, 2019 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 number and 6.6 million of anti-dilutive RSU awards for the three and nine-month periods ended December 31, 2018, respectively, were excluded from the computation of diluted earnings (loss) per share.