XML 86 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
EARNINGS PER SHARE
 12 Months Ended
Mar. 31, 2014
EARNINGS PER SHARE  
EARNINGS PER SHARE

4. EARNINGS PER SHARE

        Basic earnings per share for both continuing and discontinued operations exclude dilution and are computed by dividing net income by the weighted-average number of ordinary shares outstanding during the applicable periods.

        Diluted earnings per share for both continuing and discontinued operations reflect the potential dilution from stock options and share bonus awards. The potential dilution from stock options exercisable into ordinary share equivalents and share bonus 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 from continuing and discontinued operations per share:

 
   Fiscal Year Ended March 31,  
 
   2014   2013   2012  
 
   (In thousands, except per share amounts)
  

Basic earnings from continuing and discontinued operations per share:

                    

Income from continuing operations

   $ 365,594   $ 302,502   $ 520,770  

Loss from discontinued operations

   $ —   $ (25,451 ) $ (32,005 )
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income

   $ 365,594   $ 277,051   $ 488,765  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Shares used in computation:

                    

Weighted-average ordinary shares outstanding

     610,497     662,874     716,247  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Basic earnings from continuing operations per share

   $ 0.60   $ 0.46   $ 0.73  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Basic loss from discontinued operations per share

   $ —   $ (0.04 ) $ (0.04 )
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Basic earnings per share

   $ 0.60   $ 0.42   $ 0.68  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Diluted earnings from continuing and discontinued operations per share:

                    

Income from continuing operations

   $ 365,594   $ 302,502   $ 520,770  

Loss from discontinued operations

   $ —   $ (25,451 ) $ (32,005 )
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income

   $ 365,594   $ 277,051   $ 488,765  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Shares used in computation:

                    

Weighted-average ordinary shares outstanding

     610,497     662,874     716,247  

Weighted-average ordinary share equivalents from stock options and awards(1)

     12,982     12,159     11,560  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Weighted-average ordinary shares and ordinary share equivalents outstanding

     623,479     675,033     727,807  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Diluted earnings from continuing operations per share

   $ 0.59   $ 0.45   $ 0.72  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Diluted loss from discontinued operations per share

   $ —   $ (0.04 ) $ (0.04 )
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Diluted earnings per share

   $ 0.59   $ 0.41   $ 0.67  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               
(1)
Options to purchase ordinary shares of 17.1 million, 20.6 million and 24.2 million during fiscal years 2014, 2013 and 2012, respectively, and share bonus awards of 0.3 million and 1.2 million during fiscal years 2013 and 2012, respectively, were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted average ordinary shares equivalents. There were no anti-dilutive share bonus awards in fiscal year 2014.