EARNINGS PER SHARE

3 Months Ended

Jun. 28, 2013

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 28, 2013		June 29, 2012
	(In thousands, except per share amounts)
Basic earnings from continuing and discontinued operations per share:
Income from continuing operations	$	59,257	$	136,769
Loss from discontinued operations	—		(8,297		)
Net income	$	59,257	$	128,472
Shares used in computation:
Weighted-average ordinary shares outstanding	626,120		675,366
Basic earnings from continuing operations per share	$	0.09	$	0.20
Basic loss from discontinued operations per share	$	—	$	(0.01	)
Basic earnings per share	$	0.09	$	0.19
Diluted earnings from continuing and discontinued operations per share:
Income from continuing operations	$	59,257	$	136,769
Loss from discontinued operations	—		(8,297		)
Net income	$	59,257	$	128,472
Shares used in computation:
Weighted-average ordinary shares outstanding	626,120		675,366
Weighted-average ordinary share equivalents from stock options and awards (1)	13,779		12,890
Weighted-average ordinary shares and ordinary share equivalents outstanding	639,899		688,256
Diluted earnings from continuing operations per share	$	0.09	$	0.20
Diluted loss from discontinued operations per share	$	—	$	(0.01	)
Diluted earnings per share	$	0.09	$	0.19

(1) Options to purchase ordinary shares of 19.2 million and 23.4 million during the three-month periods ended June 28, 2013 and June 29, 2012, respectively, and share bonus awards of 2.5 million and 6.6 million during the three-month periods ended June 28, 2013 and June 29, 2012, respectively were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted average ordinary share equivalents.