EARNINGS PER SHARE

3 Months Ended

Jun. 26, 2015

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 attributable to the shareholders of Flextronics International Ltd.:



	Three-Month Periods Ended
	June 26, 2015		June 27, 2014
	(In thousands, except per share amounts)
Net income	$	110,850	$	173,887
Shares used in computation:
Weighted-average ordinary shares outstanding	565,545		587,233
Basic earnings per share	0.20		0.30

Diluted earnings per share:
Net income	110,850		173,887
Shares used in computation:
Weighted-average ordinary shares outstanding	565,545		587,233
Weighted-average ordinary share equivalents from stock options and awards (1)	12,452		14,067
Weighted-average ordinary shares and ordinary share equivalents outstanding	577,997		601,300
Diluted earnings per share	0.19		0.29

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(1) Options to purchase ordinary shares of 2.0 million and 12.6 million during the three-month periods ended June 26, 2015 and June 27, 2014, respectively, and share bonus awards of 0.4 million for the three-month period ended June 27, 2014, were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted average ordinary share equivalents. No anti-dilutive share bonus awards were excluded for the three-month period ended June 26, 2015.