EARNINGS PER SHARE

12 Months Ended

Mar. 31, 2020

Basic earnings per share excludes dilution and is computed by dividing net income by the weighted-average number of ordinary shares outstanding during the applicable periods.

Diluted earnings per share reflects the potential dilution from stock options and RSU awards. The potential dilution from stock options exercisable into ordinary share equivalents and restricted share unit awards was computed using the treasury stock method based on the average fair market value of the Company's ordinary shares for the period.

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,
	2020		2019		2018
	(In thousands, except per share amounts)
Basic earnings per share:
Net income	$	87,579	$	93,399	$	428,534
Shares used in computation:
Weighted-average ordinary shares outstanding	508,774		526,519		529,782
Basic earnings per share	$	0.17	$	0.18	$	0.81

Diluted earnings per share:
Net income	$	87,579	$	93,399	$	428,534
Shares used in computation:
Weighted-average ordinary shares outstanding	508,774		526,519		529,782
Weighted-average ordinary share equivalents from stock options and RSU awards (1) (2)	3,663		3,551		6,816
Weighted-average ordinary shares and ordinary share equivalents outstanding	512,437		530,070		536,598
Diluted earnings per share	$	0.17	$	0.18	$	0.80

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(1)	An immaterial amount of options to purchase ordinary shares during fiscal years 2020, 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.

(2)

RSU awards of 3.6 million and 6.8 million during fiscal years 2020 and 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 RSU awards were excluded from the computation of diluted earnings per share during fiscal year 2018.