EARNINGS PER SHARE

6 Months Ended

Sep. 26, 2014

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 earnings per share:

	Three-Month Periods Ended				Six-Month Periods Ended
	September 26, 2014		September 27, 2013		September 26, 2014		September 27, 2013
	(In thousands, except per share amounts)
Basic earnings per share:
Net income	$	138,903	$	118,205	$	312,790	$	177,462
Shares used in computation:
Weighted-average ordinary shares outstanding	585,760		610,775		586,497		618,447
Basic earnings per share	$	0.24	$	0.19	$	0.53	$	0.29
Diluted earnings per share:
Net income	$	138,903	$	118,205	$	312,790	$	177,462
Shares used in computation:
Weighted-average ordinary shares outstanding	585,760		610,775		586,497		618,447
Weighted-average ordinary share equivalents from stock options and awards (1) (2)	10,111		12,845		12,089		13,313
Weighted-average ordinary shares and ordinary share equivalents outstanding	595,871		623,620		598,586		631,760
Diluted earnings per share	$	0.23	$	0.19	$	0.52	$	0.28

(1) Options to purchase ordinary shares of 7.0 million and 18.1 million during the three-month periods ended September 26, 2014 and September 27, 2013, respectively, and share bonus awards of 0.8 million and 1.0 million during the three-month periods ended September 26, 2014 and September 27, 2013, respectively, 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 12.1 million and 18.7 million during the six-month periods ended September 26, 2014 and September 27, 2013, respectively, and share bonus awards of 0.4 million and 2.4 million during the six-month periods ended September 26, 2014 and September 27, 2013, respectively, were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted average ordinary share equivalents.