v3.21.1
Earnings per ordinary share
9 Months Ended
Mar. 26, 2021
Earnings Per Share [Abstract]  
Earnings per ordinary share 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 EndedNine Months Ended
(amount in thousands except per share amounts)March 26,
2021
March 27,
2020
March 26,
2021
March 27,
2020
Net income attributable to shareholders$37,493 $28,267 $105,928 $85,455 
Weighted-average number of ordinary shares outstanding (thousands of shares)36,875 36,987 36,876 36,970 
Incremental shares arising from the assumed vesting of restricted share units and performance share units (thousands of shares)
734 810 638 726 
Weighted-average number of ordinary shares for diluted earnings per ordinary share (thousands of shares)
37,609 37,797 37,514 37,696 
Basic earnings per ordinary share$1.02 $0.76 $2.87 $2.31 
Diluted earnings per ordinary share$1.00 $0.75 $2.82 $2.27 
Outstanding performance share units excluded from the computation of diluted earnings per ordinary share (thousands of shares)(1)
76 50 76 50 
(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.