EARNINGS PER SHARE

3 Months Ended

Jun. 29, 2012

EARNINGS PER SHARE

EARNINGS PER SHARE

4.  EARNINGS PER SHARE

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:

	Three-Month Periods Ended
	June 29, 2012			July 1, 2011
	(In thousands, except per share amounts)
Basic earnings from continuing and discontinued operations per share:
Income from continuing operations	$	137,453		$	135,407
Loss from discontinued operations	$	(8,981	)	$	(3,432	)
Shares used in computation:
Weighted-average ordinary shares outstanding	675,366			746,762
Basic earnings from continuing operations per share	$	0.20		$	0.18
Basic loss from discontinued operations per share	$	(0.01	)	$	0.00
Diluted earnings from continuing and discontinued operations per share:
Income from continuing operations	$	137,453		$	135,407
Loss from discontinued operations	$	(8,981	)	$	(3,432	)
Shares used in computation:
Weighted-average ordinary shares outstanding	675,366			746,762
Weighted-average ordinary share equivalents from stock options and awards (1)	12,890			13,061
Weighted-average ordinary shares and ordinary share equivalents outstanding	688,256			759,823
Diluted earnings from continuing operations per share	$	0.20		$	0.18
Diluted loss from discontinued operations per share	$	(0.01	)	$	0.00

(1) Ordinary share equivalents from share options to purchase approximately 22.9 million shares and 26.7 million shares outstanding during the three-month periods ended June 29, 2012 and July 1, 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.