18. 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, 2015, 2016 and 2017 is as follows:


	For the years ended December 31,
	2015			2016			2017		2017
	RMB			RMB			RMB		US$
	(In millions)
Net income attributable to Baidu, Inc.		33,664			11,632			18,301		2,812
Accretion of the redeemable noncontrolling interests		(329	)		(557	)		17		3

Numerator for EPS computation		33,335			11,075			18,318		2,815

The following table sets forth the computation of basic and diluted earnings per Class A and Class B ordinary share.


	For the years ended December 31,
	2015				2016				2017				2017
	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 millions, except for number of shares, per share and per ADS data)
Earnings per share – basic:
Numerator
Allocation of net income attributable to Baidu, Inc.		26,183		7,152		8,710		2,365		14,488		2,226		3,830		589
Denominator
Weighted average ordinary shares outstanding		27,428,861		7,492,921		27,263,984		7,401,254		27,464,760		27,464,760		7,260,363		7,260,363

Denominator used for basic EPS		27,428,861		7,492,921		27,263,984		7,401,254		27,464,760		27,464,760		7,260,363		7,260,363
Earnings per share – basic		954.56		954.56		319.47		319.47		527.51		81.08		527.51		81.08

Earnings per share – diluted:
Numerator
Allocation of net income attributable to Baidu, Inc. for diluted computation		26,206		7,129		8,716		2,359		14,513		2,230		3,805		585
Reallocation of net income attributable to Baidu, Inc. as a result of conversion of Class B to Class A shares		7,129		—		2,359		—		3,805		585		—		—

Numerator for diluted EPS calculation		33,335		7,129		11,075		2,359		18,318		2,815		3,805		585
Denominator
Weighted average ordinary shares outstanding		27,428,861		7,492,921		27,263,984		7,401,254		27,464,760		27,464,760		7,260,363		7,260,363
Conversion of Class B to Class A ordinary shares		7,492,921		—		7,401,254		—		7,260,363		7,260,363		—		—
Share-based awards		112,688		—		91,848		—		227,268		227,268		—		—

Denominator used for diluted EPS		35,034,470		7,492,921		34,757,086		7,401,254		34,952,391		34,952,391		7,260,363		7,260,363
Earnings per share – diluted		951.49		951.49		318.62		318.62		524.08		80.55		524.08		80.55

Earnings per ADS:
Denominator used for earnings per ADS – basic		274,288,610				272,639,840				274,647,600		274,647,600
Denominator used for earnings per ADS – diluted		350,344,700				347,570,860				349,523,910		349,523,910
Earnings per ADS – basic		95.46				31.95				52.75		8.11

Earnings per ADS – diluted		95.15				31.86				52.41		8.06

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, 2015, 2016 and 2017 because those stock options and restricted shares were anti-dilutive for earnings per share for the respective years.