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 year using the treasury stock method. Dilutive ordinary equivalent shares consist of share options, restricted share units and performance share units.
Earnings per ordinary share was calculated as follows:
Years Ended
(in thousands, except per share data)June 27,
2025
June 28,
2024
June 30,
2023
Net income attributable to shareholders$332,527 $296,181 $247,913 
Weighted-average number of ordinary shares outstanding36,017 36,246 36,515 
Incremental shares arising from the assumed exercise of share options and vesting of restricted share units and performance share units241 318 340 
Incremental shares arising from the assumed vesting of customer warrant— — 
Weighted-average number of ordinary shares for diluted earnings per ordinary share36,267 36,564 36,855 
Basic earnings per ordinary share$9.23 $8.17 $6.79 
Diluted earnings per ordinary share$9.17 $8.10 $6.73 

Historical Timeline

Fiscal YearFiled
2025Aug 19, 2025Showing above
2024Aug 20, 2024

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.