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Earnings per ordinary share
9 Months Ended
Mar. 27, 2020
Earnings per ordinary share
4.
Earnings per ordinary share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings per ordinary share is computed by dividing reported net income by the weighted-average number of ordinary shares outstanding during each period. Diluted earnings per ordinary share is computed by calculating the effect of potential dilutive ordinary shares outstanding during the period using the treasury stock method. Dilutive ordinary equivalent shares consist of restricted share units and performance share units. Earnings per ordinary share was calculated as follows:
                                 
 
 
Three Months Ended
   
Nine Months Ended
 
(amount in thousands except per share amounts)
 
March 27,
2020
 
 
March 29,
2019
 
 
March 27,
2020
 
 
March 29,
2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income attributable to shareholders
  $
28,267
    $
28,635
    $
85,455
    $
87,998
 
                                 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average number of ordinary shares outstanding (thousands of shares)
   
36,987
     
36,891
     
36,970
     
36,786
 
Incremental shares arising from the assumed vesting of restricted share units and performance share units (thousands of shares)
   
810
     
648
     
726
     
597
 
                                 
Weighted-average number of ordinary shares for diluted earnings per ordinary share (thousands of shares)
   
37,797
     
37,539
     
37,696
     
37,383
 
                                 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings per ordinary share
  $
0.76
    $
0.78
    $
2.31
    $
2.39
 
Diluted earnings per ordinary share
  $
0.75
    $
0.76
    $
2.27
    $
2.35
 
Outstanding performance share units excluded from the computation of diluted earnings per ordinary share (thousands of shares)
(1)
   
50
     
401
     
50
     
401
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
These performance share units were not included in the computation of diluted earnings per ordinary share because they are not expected to vest based on the Company’s current assessment of the related performance obligations.