The following table reflects the basic and diluted weighted-average ordinary shares outstanding used to calculate basic and diluted earnings per share:


	Three-Month Periods Ended
	July 1, 2011		July 2, 2010
	(In thousands, except per share amounts)
Basic earnings per share:
Net income	$	131,975	$	118,178
Shares used in computation:
Weighted-average ordinary shares outstanding		746,762		810,637
Basic earnings per share	$	0.18	$	0.15

Diluted earnings per share:
Net income	$	131,975	$	118,178
Shares used in computation:
Weighted-average ordinary shares outstanding		746,762		810,637
Weighted-average ordinary share equivalents from stock options and awards (1)		13,061		13,380
Weighted-average ordinary shares and ordinary share equivalents outstanding		759,823		824,017
Diluted earnings per share	$	0.17	$	0.14

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(1)

Ordinary share equivalents from stock options to purchase approximately 26.7 million shares outstanding during the three-month periods ended July 1, 2011 and July 2, 2010, 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.