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EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2015

EARNINGS PER SHARE

EARNINGS PER SHARE

19. EARNINGS PER SHARE

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

		Years Ended December 31,
		2013			2014			2015
		(In Thousands of US Dollars, except share and per share data)
Numerator:
Net income attributable to Canadian Solar Inc.—basic		$	31,659		$	239,502		$	171,861
Dilutive effect of interest expense of convertible notes			—			4,641			5,275
​	​	​	​	​	​	​	​	​	​	​
Net income attributable to Canadian Solar Inc.—diluted		$	31,659		$	244,143		$	177,136
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Denominator:
Denominator for basic calculation—weighted average number of common shares—basic			46,306,739			54,408,037			55,728,903
Diluted effects of share number from share options and RSUs			4,081,545			2,051,601			1,343,162
Diluted effects of share number from warrants			—			—			20,658
Dilutive effects of share number from convertible notes			—			2,894,977			3,333,333
​	​	​	​	​	​	​	​	​	​	​
Denominator for diluted calculation—weighted average number of common shares—diluted			50,388,284			59,354,615			60,426,056
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Basic earnings per share		$	0.68		$	4.40		$	3.08
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Diluted earnings per share		$	0.63		$	4.11		$	2.93
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​

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

		Years Ended December 31,
		2013			2014			2015
Share options and RSUs			434,529			95,422			115,017
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​

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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
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.21)
-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

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