EARNINGS PER SHARE

3 Months Ended

Jun. 26, 2020

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
	June 26, 2020		June 28, 2019
	(In thousands, except per share amounts)
Basic earnings per share:
Net income	$	51,820	$	44,872
Shares used in computation:
Weighted-average ordinary shares outstanding	497,920		514,238
Basic earnings per share	$	0.10	$	0.09

Diluted earnings per share:
Net income	$	51,820	$	44,872
Shares used in computation:
Weighted-average ordinary shares outstanding	497,920		514,238
Weighted-average ordinary share equivalents from stock options and RSU awards (1) (2)	3,712		3,312
Weighted-average ordinary shares and ordinary share equivalents outstanding	501,632		517,550
Diluted earnings per share	$	0.10	$	0.09

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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 26, 2020 and June 28, 2019, respectively, due to their anti-dilutive impact on the weighted-average ordinary share equivalents.

(2)RSU awards of 3.2 million and 6.1 million for the three-month periods ended June 26, 2020 and June 28, 2019 were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted-average ordinary share equivalents.