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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2016
EARNINGS PER SHARE  
Schedule of computation of basic and diluted earnings (loss) per share

 

 

 

Years Ended December 31,

 

 

 

2014

 

2015

 

2016

 

 

 

(In Thousands of US Dollars, except share and per share data)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

Net income attributable to Canadian Solar Inc.—basic

 

$

239,502

 

$

171,861

 

$

65,249

 

Dilutive effect of interest expense of convertible notes

 

 

4,641

 

 

5,275

 

 

 

​  

​  

​  

​  

​  

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Net income attributable to Canadian Solar Inc.—diluted

 

$

244,143

 

$

177,136

 

$

65,249

 

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​  

​  

​  

​  

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Denominator:

 

 

 

 

 

 

 

 

 

 

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

 

 

54,408,037

 

 

55,728,903

 

 

57,524,349

 

Diluted effects of share number from share options and RSUs

 

 

2,051,601

 

 

1,343,162

 

 

534,714

 

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

 

 

59,354,615

 

 

60,426,056

 

 

58,059,063

 

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Basic earnings per share

 

$

4.40

 

$

3.08

 

$

1.13

 

​  

​  

​  

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Diluted earnings per share

 

$

4.11

 

$

2.93

 

$

1.12

 

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

 

 

 

Years Ended December 31,

 

 

 

2014

 

2015

 

2016

 

Share options and RSUs

 

 

95,422

 

 

115,017

 

 

476,043

 

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