EARNINGS PER SHARE

6 Months Ended

Sep. 25, 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				Six-Month Periods Ended
	September 25, 2015		September 26, 2014		September 25, 2015		September 26, 2014
	(In thousands, except per share amounts)
Net income	$	122,977	$	138,903	$	233,827	$	312,790
Shares used in computation:
Weighted-average ordinary shares outstanding	563,333		585,760		564,417		586,497
Basic earnings per share	0.22		0.24		0.41		0.53

Diluted earnings per share:
Net income	$	122,977	$	138,903	$	233,827	$	312,790
Shares used in computation:
Weighted-average ordinary shares outstanding	563,333		585,760		564,417		586,497
Weighted-average ordinary share equivalents from stock options and awards (1) (2)	6,322		10,111		8,871		12,089
Weighted-average ordinary shares and ordinary share equivalents outstanding	569,655		595,871		573,288		598,586
Diluted earnings per share	0.22		0.23		0.41		0.52

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(1) Options to purchase ordinary shares of 1.1 million and 7.0 million during the three-month periods ended September 25, 2015 and September 26, 2014, respectively, and share bonus awards of 5.3 million and 0.8 million for the three-month periods ended September 25, 2015 and September 26, 2014, 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 1.2 million and 12.1 million during the six-month periods ended September 25, 2015 and September 26, 2014, respectively, and share bonus awards of 2.9 million and 0.4 million for the six-month periods ended September 25, 2015 and September 26, 2014, respectively, were excluded from the computation of diluted earnings per share due to their anti-dilutive impact on the weighted-average ordinary share equivalents.