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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2015
EARNINGS PER SHARE  
Schedule of computation of basic and diluted earnings (loss) per share

 

                                                                                                                                                                                    

 

 

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 

 

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​  

​  

​  

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Net income attributable to Canadian Solar Inc.—diluted

 

$

31,659 

 

$

244,143 

 

$

177,136 

 

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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 

 

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Denominator for diluted calculation—weighted average number of common shares—diluted

 

 

50,388,284 

 

 

59,354,615 

 

 

60,426,056 

 

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Basic earnings per share

 

$

0.68 

 

$

4.40 

 

$

3.08 

 

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Diluted earnings per share

 

$

0.63 

 

$

4.11 

 

$

2.93 

 

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Schedule of anti-dilutive shares excluded from the computation of diluted earnings per share

 

                                                                                                                                                                                    

 

 

Years Ended December 31,

 

 

 

2013

 

2014

 

2015

 

Share options and RSUs

 

 

434,529 

 

 

95,422 

 

 

115,017 

 

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