Earnings per ordinary share

9 Months Ended

Mar. 25, 2022

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 25, 2022		March 26, 2021		March 25, 2022		March 26, 2021
Net income attributable to shareholders	$	50,661	$	37,493	$	144,191	$	105,928
Weighted-average number of ordinary shares outstanding (thousands of shares)	36,940		36,875		36,945		36,876
Incremental shares arising from the assumed vesting of restricted share units and performance share units (thousands of shares)	533		734		506		638
Weighted-average number of ordinary shares for diluted earnings per ordinary share (thousands of shares)	37,473		37,609		37,451		37,514
Basic earnings per ordinary share	$	1.37	$	1.02	$	3.90	$	2.87
Diluted earnings per ordinary share	$	1.35	$	1.00	$	3.85	$	2.82
Outstanding performance share units excluded from the computation of diluted earnings per ordinary share (thousands of shares)(1)	—		76		—		76

(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.