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EARNINGS PER SHARE
 6 Months Ended
Sep. 27, 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

 

Six-Month Periods Ended

 

 

 

September 27, 2013

 

September 28, 2012

 

September 27, 2013

 

September 28, 2012

 

 

 

(In thousands, except per share amounts)

 

Basic earnings from continuing and discontinued operations per share:

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

118,205

 

$

160,453

 

$

177,462

 

$

297,222

 

Loss from discontinued operations

 

—

 

(9,906

)

—

 

(18,203

)

Net income

 

$

118,205

 

$

150,547

 

$

177,462

 

$

279,019

 

Shares used in computation:

 

 

 

 

 

 

 

 

 

Weighted-average ordinary shares outstanding

 

610,775

 

666,265

 

618,447

 

670,816

 

 

 

 

 

 

 

 

 

 

 

Basic earnings from continuing operations per share

 

$

0.19

 

$

0.24

 

$

0.29

 

$

0.44

 

Basic loss from discontinued operations per share

 

$

—

 

$

(0.01

)

$

—

 

$

(0.03

)

Basic earnings per share

 

$

0.19

 

$

0.23

 

$

0.29

 

$

0.42

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings from continuing and discontinued operations per share:

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

118,205

 

$

160,453

 

$

177,462

 

$

297,222

 

Loss from discontinued operations

 

—

 

(9,906

)

—

 

(18,203

)

Net income

 

$

118,205

 

$

150,547

 

$

177,462

 

$

279,019

 

Shares used in computation:

 

 

 

 

 

 

 

 

 

Weighted-average ordinary shares outstanding

 

610,775

 

666,265

 

618,447

 

670,816

 

Weighted-average ordinary share equivalents from stock options and awards (1) (2)

 

12,845

 

11,821

 

13,313

 

12,355

 

Weighted-average ordinary shares and ordinary share equivalents outstanding

 

623,620

 

678,086

 

631,760

 

683,171

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings from continuing operations per share

 

$

0.19

 

$

0.24

 

$

0.28

 

$

0.44

 

Diluted loss from discontinued operations per share

 

$

—

 

$

(0.01

)

$

—

 

$

(0.03

)

Diluted earnings per share

 

$

0.19

 

$

0.22

 

$

0.28

 

$

0.41

 

 

(1)         Options to purchase ordinary shares of 18.1 million and 20.4 million during the three-month periods ended September 27, 2013 and September 28, 2012, respectively, and share bonus awards of 1.0 million each during the three-month periods ended September 27, 2013 and September 28, 2012 were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted average ordinary share equivalents.

(2)         Options to purchase ordinary shares of 18.7 million and 21.6 million during the six-month periods ended September 27, 2013 and September 28, 2012, respectively, and share bonus awards of 2.4 million and 1.0 million during the six-month periods ended September 27, 2013 and September 28, 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.