EARNINGS PER SHARE

9 Months Ended

Dec. 31, 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				Nine-Month Periods Ended
	December 31, 2015		December 31, 2014		December 31, 2015		December 31, 2014
	(In thousands, except per share amounts)
Net income	$	148,910	$	152,899	$	382,737	$	465,689
Shares used in computation:
Weighted-average ordinary shares outstanding	554,919		577,157		561,070		583,383
Basic earnings per share	0.27		0.26		0.68		0.80

Diluted earnings per share:
Net income	$	148,910	$	152,899	$	382,737	$	465,689
Shares used in computation:
Weighted-average ordinary shares outstanding	554,919		577,157		561,070		583,383
Weighted-average ordinary share equivalents from stock options and awards (1) (2)	6,077		10,044		7,856		11,408
Weighted-average ordinary shares and ordinary share equivalents outstanding	560,996		587,201		568,926		594,791
Diluted earnings per share	0.27		0.26		0.67		0.78

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(1) Options to purchase ordinary shares of 2.1 million and 9.4 million during the three-month periods ended December 31, 2015 and December 31, 2014, respectively, and share bonus awards of 0.1 million and 0.2 million for the three-month periods ended December 31, 2015 and December 31, 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 11.2 million during the nine-month periods ended December 31, 2015 and December 31, 2014, respectively, and share bonus awards of 3.5 million and 0.1 million for the nine-month periods ended December 31, 2015 and December 31, 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.