EARNINGS PER SHARE

12 Months Ended

Mar. 31, 2015

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,
	2015		2014		2013
	(In thousands, except per share amounts)
Basic earnings from continuing and discontinued operations per share:
Income from continuing operations	$	600,801	$	365,594	$	302,502
Loss from discontinued operations	$	—	$	—	$	(25,451	)
Net income	$	600,801	$	365,594	$	277,051
Shares used in computation:
Weighted-average ordinary shares outstanding		579,981		610,497		662,874
Basic earnings from continuing operations per share	$	1.04	$	0.60	$	0.46
Basic loss from discontinued operations per share	$	—	$	—	$	(0.04	)
Basic earnings per share	$	1.04	$	0.60	$	0.42
Diluted earnings from continuing and discontinued operations per share:
Income from continuing operations	$	600,801	$	365,594	$	302,502
Loss from discontinued operations	$	—	$	—	$	(25,451	)
Net income	$	600,801	$	365,594	$	277,051
Shares used in computation:
Weighted-average ordinary shares outstanding		579,981		610,497		662,874
Weighted-average ordinary share equivalents from stock options and awards(1)		11,575		12,982		12,159
Weighted-average ordinary shares and ordinary share equivalents outstanding		591,556		623,479		675,033
Diluted earnings from continuing operations per share	$	1.02	$	0.59	$	0.45
Diluted loss from discontinued operations per share	$	—	$	—	$	(0.04	)
Diluted earnings per share	$	1.02	$	0.59	$	0.41

(1) Options to purchase ordinary shares of 6.2 million, 17.1 million and 20.6 million during fiscal years 2015, 2014 and 2013, respectively, and share bonus awards of less than 0.1 million and 0.3 million during fiscal years 2015 and 2013, 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.