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EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2014
EARNINGS PER SHARE [Abstract]  
EARNINGS PER SHARE

16. EARNINGS PER SHARE

 

The calculation of earnings per share is as follows:

 

  Year ended December 31,
  2012   2013     2014  
Numerator used in basic and diluted earnings per share:                        
Net (loss) income attributable to Daqo New Energy Corp. ordinary shareholders—basic and diluted   $ (111,928,891 )    $ (70,943,484 )    $ 16,649,176  
Denominator used in basic and diluted earnings per share:                        
Weighted average number of ordinary shares outstanding used in computing earnings per share—basic 175,067,343 173,068,420 206,349,976
Plus: share options     —       —       5,003,667  
Weighted average number of ordinary shares outstanding used in computing earnings per share—diluted     175,067,343       173,068,420       211,353,643  
NET (LOSS) INCOME ATTRIBUTABLE TO DAQO NEW ENERGY CORP. PER ORDINARY SHARE—Basic   $ (0.64 )    $ (0.41 )    $ 0.08  
NET (LOSS) INCOME ATTRIBUTABLE TO DAQO NEW ENERGY CORP. PER ORDINARY SHARE—Diluted $ (0.64 ) $ (0.41 ) $ 0.08

  

Outstanding employee options totaling of 7,179,500, 6,371,250 and 6,154,166 were excluded from the computation of diluted earnings per share as their effects would have been anti-dilutive for the year ended December 31, 2012, 2013 and 2014, respectively.