Earnings Per Share

9 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Earnings Per Share

4. EARNINGS PER SHARE

     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				Nine-Month Periods Ended
		December 31, 2011	December 31, 2010		December 31, 2011		December 31, 2010
			(In thousands, except per share amounts)
Basic earnings per share:
Net income	$	102,177	$	198,290	$	364,032	$	460,884
Shares used in computation:
Weighted-average ordinary shares outstanding		710,324		762,387		726,432		783,128
Basic earnings per share	$	0.14	$	0.26	$	0.50	$	0.59
Diluted earnings per share:
Net income	$	102,177	$	198,290	$	364,032	$	460,884
Shares used in computation:
Weighted-average ordinary shares outstanding		710,324		762,387		726,432		783,128
Weighted-average ordinary share equivalents from
stockoptions and awards (1)		10,570		14,208		10,823		11,833
Weighted-average ordinary shares and ordinary
share equivalents outstanding (2)		720,894		776,595		737,255		794,961
Diluted earnings per share	$	0.14	$	0.26	$	0.49	$	0.58

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(1) Ordinary share equivalents from stock options to purchase approximately 24.8 million shares and 25.3 million shares outstanding during the three-month periods ended December 31, 2011 and December 31, 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. Ordinary share equivalents from stock options to purchase approximately 26.2 million shares and 25.7 million shares outstanding during the nine-month periods ended December 31, 2011 and December 31, 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.

(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. During the nine-month period ended December 31, 2010, the conversion obligation was less than the principal portion of these notes and accordingly, no additional shares were included as ordinary share equivalents.