EARNINGS PER SHARE

3 Months Ended

Jul. 01, 2016

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
	July 1, 2016		June 26, 2015
	(In thousands, except per share amounts)
Net income	$	105,729	$	110,850
Shares used in computation:
Weighted-average ordinary shares outstanding	544,631		565,545
Basic earnings per share	0.19		0.20

Diluted earnings per share:
Net income	$	105,729	$	110,850
Shares used in computation:
Weighted-average ordinary shares outstanding	544,631		565,545
Weighted-average ordinary share equivalents from stock options and awards (1)	6,398		12,452
Weighted-average ordinary shares and ordinary share equivalents outstanding	551,029		577,997
Diluted earnings per share	0.19		0.19

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(1) Options to purchase ordinary shares of 1.0 million and 2.0 million during the three-month periods ended July 1, 2016 and June 26, 2015, respectively, and share bonus awards of 0.8 million for the three-month period ended July 1, 2016, 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.