|
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 |
|
Six-Month Periods Ended |
|
|
|
|
September 28, 2012 |
|
September 30, 2011 |
|
September 28, 2012 |
|
September 30, 2011 |
|
|
|
|
(In thousands, except per share amounts) |
|
|
Basic earnings from continuing and discontinued operations per share: |
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
|
$ |
160,453 |
|
$ |
133,949 |
|
$ |
297,222 |
|
$ |
271,254 |
|
|
Loss from discontinued operations |
|
$ |
(9,906 |
) |
$ |
(4,069 |
) |
$ |
(18,203 |
) |
$ |
(9,399 |
) |
|
Net income |
|
$ |
150,547 |
|
$ |
129,880 |
|
$ |
279,019 |
|
$ |
261,855 |
|
|
Shares used in computation: |
|
|
|
|
|
|
|
|
|
|
Weighted-average ordinary shares outstanding |
|
666,265 |
|
722,208 |
|
670,816 |
|
734,485 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings from continuing operations per share |
|
$ |
0.24 |
|
$ |
0.19 |
|
$ |
0.44 |
|
$ |
0.37 |
|
|
Basic loss from discontinued operations per share |
|
$ |
(0.01 |
) |
$ |
(0.01 |
) |
$ |
(0.03 |
) |
$ |
(0.01 |
) |
|
Basic earnings per share |
|
$ |
0.23 |
|
$ |
0.18 |
|
$ |
0.42 |
|
$ |
0.36 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings from continuing and discontinued operations per share: |
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
|
$ |
160,453 |
|
$ |
133,949 |
|
$ |
297,222 |
|
$ |
271,254 |
|
|
Loss from discontinued operations |
|
$ |
(9,906 |
) |
$ |
(4,069 |
) |
$ |
(18,203 |
) |
$ |
(9,399 |
) |
|
Net income |
|
$ |
150,547 |
|
$ |
129,880 |
|
$ |
279,019 |
|
$ |
261,855 |
|
|
Shares used in computation: |
|
|
|
|
|
|
|
|
|
|
Weighted-average ordinary shares outstanding |
|
666,265 |
|
722,208 |
|
670,816 |
|
734,485 |
|
|
Weighted-average ordinary share equivalents from stock options and awards (1) |
|
11,821 |
|
8,841 |
|
12,355 |
|
10,951 |
|
|
Weighted-average ordinary shares and ordinary share equivalents outstanding |
|
678,086 |
|
731,049 |
|
683,171 |
|
745,436 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings from continuing operations per share |
|
$ |
0.24 |
|
$ |
0.18 |
|
$ |
0.44 |
|
$ |
0.36 |
|
|
Diluted loss from discontinued operations per share |
|
$ |
(0.01 |
) |
$ |
(0.01 |
) |
$ |
(0.03 |
) |
$ |
(0.01 |
) |
|
Diluted earnings per share |
|
$ |
0.22 |
|
$ |
0.18 |
|
$ |
0.41 |
|
$ |
0.35 |
|
(1) Ordinary share equivalents from share options to purchase approximately 20.4 million shares and 27.4 million shares outstanding during the three-month periods ended September 28, 2012 and September 30, 2011, respectively, and 21.6 million shares and 26.8 million shares outstanding during the six-month periods ended September 28, 2012 and September 30, 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. |