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EARNINGS PER SHARE
 6 Months Ended
Sep. 28, 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

 

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.