v3.4.0.3
Earnings per ordinary share
9 Months Ended
Mar. 25, 2016
Earnings per ordinary share
3. 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 dividing reported net income 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 share units. The earnings per ordinary share was calculated as follows:

 

     Three Months Ended      Nine Months Ended  
(amount in thousands except per share amounts)    March 25,
2016
     March 27,
2015
     March 25,
2016
     March 27,
2015
 

Net income attributable to shareholders

   $ 20,822       $ 10,845       $ 42,228       $ 30,607   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted-average number of ordinary shares outstanding (thousands of shares)

     35,964         35,406         35,785         35,328   

Incremental shares arising from the assumed exercise of share options and vesting of restricted share units (thousands of shares)

     1,125         704         958         543   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted-average number of ordinary shares for diluted earnings per ordinary share (thousands of shares)

     37,089         36,110         36,743         35,871   
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic earnings per ordinary share

   $ 0.58       $ 0.31       $ 1.18       $ 0.87   

Diluted earnings per ordinary share

   $ 0.56       $ 0.30       $ 1.15       $ 0.85   

Outstanding share options excluded in the computation of diluted earnings per ordinary share (1)

     —           69,354         —           69,354   

 

  (1)  These share options were not included in the computation of diluted earnings per ordinary share because the exercise price of the options was greater than the average market price of the underlying shares.