17. EARNINGS PER SHARE (“EPS”)

A reconciliation of net income attributable to Baidu, Inc. in the consolidated statements of comprehensive income to the numerator for the computation of basic and diluted per share for the years ended December 31, 2013, 2014 and 2015 is as follows:


	For the years ended December 31,
	2013			2014			2015			2015
	RMB			RMB			RMB			US$
	(In thousands)
Net income attributable to Baidu, Inc.		10,550,657			13,196,932			33,664,173			5,196,853
Accretion of the redeemable noncontrolling interests		(31,799	)		(52,683	)		(329,180	)		(50,817	)

Numerator for EPS computation		10,518,858			13,144,249			33,334,993			5,146,036

The following table sets forth the computation of basic and diluted net income attributable to Baidu, Inc. per share for Class A and Class B ordinary shares.


	For the years ended December 31,
	2013				2014				2015
	Class A		Class B		Class A		Class B		Class A		Class A		Class B		Class B
	RMB		RMB		RMB		RMB		RMB		US$		RMB		US$
	(In thousands, except for number of shares, per share and per ADS data)
Earnings per share – basic:
Numerator
Allocation of net income attributable to Baidu, Inc.		8,200,353		2,318,505		10,328,517		2,815,732		26,182,538		4,041,887		7,152,455		1,104,149
Denominator
Weighted average ordinary shares outstanding		27,274,769		7,711,459		27,551,463		7,511,003		27,428,861		27,428,861		7,492,921		7,492,921

Denominator used for earnings per share		27,274,769		7,711,459		27,551,463		7,511,003		27,428,861		27,428,861		7,492,921		7,492,921
Earnings per share – basic		300.66		300.66		374.88		374.88		954.56		147.36		954.56		147.36

Earnings per share – diluted:
Numerator
Allocation of net income attributable to Baidu, Inc. for diluted computation		8,203,670		2,315,188		10,339,397		2,804,852		26,205,544		4,045,439		7,129,449		1,100,597
Reallocation of net income attributable to Baidu, Inc. as a result of conversion of Class B to Class A shares		2,315,188		—		2,804,852		—		7,129,449		1,100,597

Allocation of net income attributable to Baidu, Inc.		10,518,858		2,315,188		13,144,249		2,804,852		33,334,993		5,146,036		7,129,449		1,100,597
Denominator
Weighted average ordinary shares outstanding		27,274,769		7,711,459		27,551,463		7,511,003		27,428,861		27,428,861		7,492,921		7,492,921
Conversion of Class B to Class A ordinary shares		7,711,459		—		7,511,003		—		7,492,921		7,492,921
Share-based awards		50,118		—		136,008		—		112,688		112,688

Denominator used for earnings per share		35,036,346		7,711,459		35,198,474		7,511,003		35,034,470		35,034,470		7,492,921		7,492,921
Earnings per share – diluted		300.23		300.23		373.43		373.43		951.49		146.88		951.49		146.88

Earnings per ADS:
Denominator used for earnings per ADS – basic		272,747,690				275,514,630				274,288,610		274,288,610
Denominator used for earnings per ADS – diluted		350,363,460				351,984,740				350,344,700		350,344,700
Earnings per ADS – basic		30.07				37.49				95.46		14.74

Earnings per ADS – diluted		30.02				37.34				95.15		14.69

The Company did not include certain stock options and restricted shares in the computation of diluted earnings per share for the years ended December 31, 2013, 2014 and 2015 because those stock options and restricted shares were anti-dilutive for earnings per share for the respective years.