XML 68 R55.htm IDEA: XBRL DOCUMENT v3.8.0.1

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2017

INCOME TAXES

Schedule of provision for income taxes

		Years Ended December 31,
		2015			2016			2017
		$			$			$
Income before income taxes
Canada			79,631			57,922			(30,524	)
United States			(14,183	)		(74,002	)		(33,205	)
PRC including Hong Kong			174,201			152,588			173,266
Japan			14,284			7,981			28,164
United Kingdom			(7,536	)		(25,781	)		403
Other			(23,569	)		(35,457	)		5,830
​	​	​	​	​	​	​	​	​	​	​
			222,828			83,251			143,934
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Current tax
Canada			71,002			610			346
United States			40,567			96,172			(54,482	)
PRC including Hong Kong			20,154			29,181			(7,383	)
Japan			5,388			3,381			31,266
United Kingdom			419			(206	)		—
Other			823			(9,263	)		(8,008	)
​	​	​	​	​	​	​	​	​	​	​
			138,353			119,875			(38,261	)
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Deferred tax
Canada			(44,548	)		6,366			(6,464	)
United States			(45,024	)		(74,562	)		67,426
PRC including Hong Kong			7,305			(31,731	)		23,452
Japan			58			361			(4,499	)
United Kingdom			—			—			(353	)
Other			(6,632	)		(2,333	)		(350	)
​	​	​	​	​	​	​	​	​	​	​
			(88,841	)		(101,899	)		79,212
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​
Total income tax expense
Canada			26,454			6,976			(6,118	)
United States			(4,457	)		21,610			12,944
PRC including Hong Kong			27,459			(2,550	)		16,069
Japan			5,446			3,742			26,767
United Kingdom			419			(206	)		(353	)
Other			(5,809	)		(11,596	)		(8,358	)
​	​	​	​	​	​	​	​	​	​	​
			49,512			17,976			40,951
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​

Schedule of movement and balance of the Company's liability for uncertain tax positions (excluding interest and penalties)

		Years Ended December 31,
		2015			2016			2017
		$			$			$
Beginning balance			10,844			9,490			5,684
Addition for tax positions related to the current year			196			1,376			1,376
Reductions for tax positions from prior years/Statute of limitations expirations			—			(5,436	)		(1,094	)
Foreign exchange effect			(1550	)		254			215
​	​	​	​	​	​	​	​	​	​	​
Ending balance			9,490			5,684			6,181
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​

Schedule of components of the deferred tax assets and liabilities

		At December 31, 2016			At December 31, 2017
		$			$
Deferred tax assets:
Accrued warranty costs			23,228			17,945
Bad debt allowance			8,058			7,288
Investment in affiliates under tax equity transactions			54,187			24,859
Inventory write-down			4,564			3,283
Future deductible expenses			13,321			17,652
Depreciation and impairment difference of property, plant and equipment and solar power systems			29,668			13,333
Accrued liabilities related to countervailing and antidumping duty deposits			111,021			59,983
Deferred tax assets relating to sales of solar power systems			996			2,721
Net operating losses carry-forward			48,678			52,007
Unrealized foreign exchange loss and capital loss			3,278			3,888
Others			4,450			17,912
​	​	​	​	​	​	​	​
Total deferred tax assets, gross			301,449			220,871
Valuation allowance			(71,469	)		(65,399	)
​	​	​	​	​	​	​	​
Total deferred tax assets, net of valuation allowance			229,980			155,472
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​
Deferred tax liabilities:			3,315			2,742
Derivative assets
Depreciation difference of property, plant and equipment			468			243
Insurance recoverable			16,727			21,420
Others			2,838			4,833
​	​	​	​	​	​	​	​
Total deferred tax liabilities			23,348			29,238
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​
Net deferred tax assets			206,632			126,234
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​
Analysis as:
Non-current deferred tax assets			229,980			131,796
Non-current deferred tax liabilities			(23,348	)		(5,562	)
​	​	​	​	​	​	​	​
Net deferred tax assets			206,632			126,234
​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​

Schedule of movement of the valuation allowance

		Years Ended December 31,
		2015			2016			2017
		$			$			$
Beginning balance			52,985			55,959			71,469
Additions (Reversals)			(944	)		14,486			(5,361	)
Addition from acquisition of Recurrent			4,949			—			—
Foreign exchange effect			(1,031	)		1,024			(709	)
​	​	​	​	​	​	​	​	​	​	​
Ending balance			55,959			71,469			65,399
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​

Schedule of reconciliation between the provision for income tax computed by applying Canadian federal and provincial statutory tax rates to income before income taxes and the actual provision and benefit for income taxes

		Years Ended December 31,
		2015			2016			2017
Combined federal and provincial income tax rate			27	%		27	%		27	%
Effect of permanent difference			1	%		(16	)%		(18	)%
Effect of different tax rate on earnings in other jurisdictions			(3	)%		(18	)%		(7	)%
Effect of tax holiday			—	%		(4	)%		(2	)%
Unrecognized tax provision			—	%		4	%		—	%
Change in valuation allowance			—	%		32	%		(6	)%
Effect of change in tax rate			—	%		—	%		39	%
Others			(3	)%		(3	)%		(5	)%
​	​	​	​	​	​	​	​	​	​	​
			22	%		22	%		28	%
​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​	​

Schedule of aggregate amount and per share effect of the tax holiday

		Years Ended December 31,
		2015			2016			2017
		(In Thousands of US Dollars, except per share data)
The aggregate amount			—			3,343			2,850
Per share—basic			—			0.06			0.05
Per share—diluted			—			0.06			0.05

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=96868398&loc=d3e36027-109320

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the income tax exemptions and reductions which have been granted by taxing authorities for a specified period, applicable term of the exemptions and reductions, estimated dollar value of tax benefits, and per share benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 25
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=96869850&loc=d3e28937-109314

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI http://asc.fasb.org/extlink&oid=34349781&loc=d3e330215-122817

+ Details

Name:	us-gaap_SummaryOfIncomeTaxHolidayTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration