BASIC AND DILUTED NET EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2019

BASIC AND DILUTED NET EARNINGS PER SHARE

NOTE 10:-

BASIC AND DILUTED NET EARNINGS PER SHARE

Basic net earnings per share is computed by dividing the net earnings attributable to SolarEdge Technologies, Inc. by the weighted-average number of shares of common stock outstanding during the period.

Diluted net earnings per share is computed by giving effect to all potential shares of common stock, including stock options, to the extent dilutive, all in accordance with ASC No. 260, "Earnings Per Share."

334,096 and 289,796 shares were excluded from the calculation of diluted net earnings per share due to their anti-dilutive effect for the three and six months ended June 30, 2019 (unaudited), respectively.

No shares were excluded from the calculation of diluted net earnings per share due to their anti-dilutive effect for the three and six months ended June 30, 2018 (unaudited).

The following table presents the computation of basic and diluted net earnings per share attributable to SolarEdge Technologies, Inc. for the periods presented (in thousands, except share and per share data):

	Three months ended June 30,					Six months ended June 30,
	2019			2018		2019			2018
	Unaudited					Unaudited

Basic EPS:
Numerator:
Net income	$	32,913		$	34,568	$	50,888		$	70,254
Net loss attributable to Non-controlling interests		215			-		1,256			-
Net income attributable to SolarEdge Technologies, Inc.	$	33,128		$	34,568	$	52,144		$	70,254

Denominator:
Shares used in computing net earnings per share of common stock, basic		47,683,799			45,216,253		47,353,401			44,726,382

Diluted EPS:
Numerator:
Net income	$	32,913		$	34,568	$	50,888		$	70,254
Net loss attributable to Non-controlling interests		215			-		1,256			-
Undistributed earnings reallocated to non-vested stockholders		(220	)		-		(304	)		-
Net income attributable to SolarEdge Technologies, Inc.	$	32,908		$	34,568	$	51,840		$	70,254

Denominator:
Shares used in computing net earnings per share of common stock, basic		47,683,799			45,216,253		47,353,401			44,726,382
Weighted average effect of dilutive securities:
Non-vested PSU’S		(334,096	)		-		(289,796	)		-
Effect of stock-based awards		2,590,331			3,075,027		2,294,675			3,258,435
Shares used in computing net earnings per share of common stock, diluted		49,940,034			48,291,280		49,358,280			47,984,817