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EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2014

EARNINGS PER SHARE

EARNINGS PER SHARE

17. EARNINGS PER SHARE

           The following table sets forth the computation of basic and diluted earnings (loss) per share for the years indicated:

		Years Ended December 31,
		2012			2013			2014
		(In U.S. dollars, except share and per share data)
Numerator:
Net income (loss) attributable to Canadian Solar Inc.—basic		$	(195,468,691	)	$	31,659,276		$	239,501,317
Dilutive effect of convertible notes interest			—			—			4,641,363
​	​	​	​	​	​	​	​	​	​	​
Net income attributable to Canadian Solar Inc.—diluted			(195,468,691	)		31,659,276			244,142,680
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Denominator:
Denominator for basic calculation—weighted average number of common shares—basic			43,190,778			46,306,739			54,408,037
Diluted effects of share number from share options and RSUs			—			4,081,545			2,051,601
Dilutive effects of share number from convertible notes			—			—			2,894,977
​	​	​	​	​	​	​	​	​	​	​
Denominator for diluted calculation—weighted average number of common shares—diluted			43,190,778			50,388,284			59,354,615
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Basic earnings (loss) per share		$	(4.53	)	$	0.68		$	4.40
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Diluted earnings (loss) per share		$	(4.53	)	$	$ 0.63		$	4.11
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​

           The following table sets forth anti-dilutive shares excluded from the computation of diluted earnings (loss) per share for the years indicated.

		Years Ended December 31,
		2012			2013			2014
Share options and RSUs			4,288,008			434,529			95,422
Warrant			4,273,102			—			—
​	​	​	​	​	​	​	​	​	​	​
			8,561,110			434,529			95,422
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​

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The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

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-Name Accounting Standards Codification

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-Publisher FASB

-Name Accounting Standards Codification

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