| Earnings (loss) per ordinary share |
| 3. |
Earnings (loss) per
ordinary share |
Basic earnings (loss) per
ordinary share is computed by dividing reported net income (loss)
by the weighted average number of ordinary shares outstanding
during each period.
|
|
|
|
|
|
|
|
|
| |
|
Three Months
Ended |
|
| |
|
December 28,
2012 |
|
|
December 30,
2011 |
|
|
Net income (loss)
attributable to shareholders
|
|
$ |
16,682 |
|
|
$ |
(33,254 |
) |
|
Weighted average number of
ordinary shares outstanding (thousands of shares)
|
|
|
34,517 |
|
|
|
34,396 |
|
|
Basic earnings (loss) per
ordinary share
|
|
$ |
0.48 |
|
|
$ |
(0.97 |
) |
|
|
|
|
|
|
|
|
|
| |
|
Six Months
Ended |
|
| |
|
December 28,
2012 |
|
|
December 30,
2011 |
|
|
Net income (loss)
attributable to shareholders
|
|
$ |
32,701 |
|
|
$ |
(17,599 |
) |
|
Weighted average number of
ordinary shares outstanding (thousands of shares)
|
|
|
34,501 |
|
|
|
34,309 |
|
|
Basic earnings (loss) per
ordinary share
|
|
$ |
0.95 |
|
|
$ |
(0.51 |
) |
Diluted earnings (loss) per
ordinary share is computed by dividing reported net income (loss)
by the weighted average number of ordinary shares and dilutive
ordinary equivalent shares outstanding during each period. Dilutive
ordinary equivalent shares consist of share options and restricted
shares. Diluted earnings (loss) per ordinary share is calculated as
follows:
|
|
|
|
|
|
|
|
|
| |
|
Three Months
Ended |
|
| |
|
December 28,
2012 |
|
|
December 30,
2011 |
|
|
Net income (loss) used to
determine diluted earnings (loss) per ordinary share
|
|
$ |
16,682 |
|
|
$ |
(33,254 |
) |
|
Weighted average number of
ordinary shares outstanding (thousands of shares)
|
|
|
34,517 |
|
|
|
34,396 |
|
|
Adjustment for incremental
shares arising from the assumed exercise of share options and
vesting of restricted share units (thousands of shares)
|
|
|
287 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of
ordinary shares for diluted earnings (loss) per ordinary share
(thousands of shares)
|
|
|
34,804 |
|
|
|
34,396 |
* |
|
|
|
|
|
|
|
|
|
|
Diluted earnings (loss) per
ordinary share
|
|
$ |
0.48 |
|
|
$ |
(0.97 |
) |
| * |
Loss per ordinary share for
the three months ended December 30, 2011 was computed using
the weighted average number of ordinary shares outstanding during
the period in accordance with the antidilutive provisions of ASC
260-10-45; therefore 147,719 shares were excluded. |
|
|
|
|
|
|
|
|
|
| |
|
Six Months
Ended |
|
| |
|
December 28,
2012 |
|
|
December 30,
2011 |
|
|
Net income (loss) used to
determine diluted earnings (loss) per ordinary share
|
|
$ |
32,701 |
|
|
$ |
(17,599 |
) |
|
Weighted average number of
ordinary shares outstanding (thousands of shares)
|
|
|
34,501 |
|
|
|
34,309 |
|
|
Adjustment for incremental
shares arising from the assumed exercise of share options and
vesting of restricted share units (thousands of shares)
|
|
|
236 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of
ordinary shares for diluted earnings (loss) per ordinary share
(thousands of shares)
|
|
|
34,737 |
|
|
|
34,309 |
* |
|
|
|
|
|
|
|
|
|
|
Diluted earnings (loss) per
ordinary share
|
|
$ |
0.94 |
|
|
$ |
(0.51 |
) |
| * |
Loss per ordinary share for
the six months ended December 30, 2011 was computed using the
weighted average number of ordinary shares outstanding during the
period in accordance with the antidilutive provisions of ASC
260-10-45; therefore 213,127 shares were excluded. |
Options to purchase
1,217,684 shares were outstanding at December 28, 2012, but
were not included in the computation of diluted earnings per
ordinary share for the three and six months ended December 28,
2012, because the exercise price of the options was greater than
the average market price of the underlying shares.
|