| Schedule of basic weighted-average ordinary shares outstanding and diluted weighted-average ordinary share equivalents used to calculate basic and diluted income from continuing and discontinued operations per share |
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Fiscal Year Ended March 31, |
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2013 |
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2012 |
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2011 |
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(In thousands, except per share amounts)
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Basic earnings from continuing and discontinued operations per share: |
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Income from continuing operations |
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$ |
302,502 |
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$ |
520,770 |
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$ |
612,261 |
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Loss from discontinued operations |
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$ |
(25,451 |
) |
$ |
(32,005 |
) |
$ |
(16,042 |
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Net income |
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$ |
277,051 |
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$ |
488,765 |
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$ |
596,219 |
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Shares used in computation: |
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Weighted-average ordinary shares outstanding |
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662,874 |
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716,247 |
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777,315 |
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Basic earnings from continuing operations per share |
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$ |
0.46 |
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$ |
0.73 |
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$ |
0.79 |
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Basic loss from discontinued operations per share |
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$ |
(0.04 |
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$ |
(0.04 |
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$ |
(0.02 |
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Basic earnings per share |
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$ |
0.42 |
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$ |
0.68 |
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$ |
0.77 |
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Diluted earnings from continuing and discontinued operations per share: |
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Income from continuing operations |
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$ |
302,502 |
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$ |
520,770 |
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$ |
612,261 |
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Loss from discontinued operations |
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$ |
(25,451 |
) |
$ |
(32,005 |
) |
$ |
(16,042 |
) |
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Net income |
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$ |
277,051 |
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$ |
488,765 |
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$ |
596,219 |
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Shares used in computation: |
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Weighted-average ordinary shares outstanding |
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662,874 |
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716,247 |
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777,315 |
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Weighted-average ordinary share equivalents from stock options and awards(1) |
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12,159 |
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11,560 |
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12,877 |
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Weighted-average ordinary shares and ordinary share equivalents outstanding(2) |
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675,033 |
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727,807 |
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790,192 |
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Diluted earnings from continuing operations per share |
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$ |
0.45 |
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$ |
0.72 |
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$ |
0.77 |
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Diluted loss from discontinued operations per share |
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$ |
(0.04 |
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$ |
(0.04 |
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$ |
(0.02 |
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Diluted earnings per share |
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$ |
0.41 |
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$ |
0.67 |
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$ |
0.75 |
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- (1)
- Options to purchase ordinary shares of 20.6 million, 24.2 million and 25.5 million during fiscal years 2013, 2012 and 2011, respectively, were excluded from the computation of diluted earnings per share primarily because the exercise price of these options was greater than the average market price of the Company's ordinary shares during the respective periods.
- (2)
- On August 2, 2010 the Company paid approximately $240.0 million to redeem its 1% Convertible Subordinated Notes upon maturity. The notes carried conversion provisions to issue shares to settle any conversion spread (excess of the conversion value over the conversion price) in stock. The conversion price was $15.525 per share (subject to certain adjustments). On the maturity date, the Company's stock price was less than the conversion spread, and therefore no shares were issued. For the year ended March 31, 2011, the conversion obligation was less than the principal portion of these notes and accordingly, no additional shares were included as ordinary share equivalents.
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