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EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2020

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,
​		2018			2019			2020
​	​	(In Thousands of U.S. Dollars, except share and per share data)
Numerator:	​	​	​	​	​	​	​	​	​
Net income attributable to Canadian Solar Inc. — basic	​	$	237,070	​	$	171,585	​	$	146,703
Dilutive effect of interest expense of convertible notes	​	​	4,683	​	​	975	​	​	1,518
Net income attributable to Canadian Solar Inc. — diluted	​	$	241,753	​	$	172,560	​	$	148,221
Denominator:	​	​	​	​	​	​	​	​	​
Denominator for basic calculation — weighted average number of common shares — basic	​		58,914,540	​		59,633,855	​		59,575,898
Diluted effects of share number from share options and RSUs	​		543,797	​		794,526	​		897,258
Dilutive effects of share number from convertible notes	​	​	2,833,333	​	​	349,315	​	​	1,833,663
Denominator for diluted calculation — weighted average number of common shares — diluted	​		62,291,670	​		60,777,696	​		62,306,819
Basic earnings per share	​	$	4.02	​	$	2.88	​	$	2.46
Diluted earnings per share	​	$	3.88	​	$	2.83	​	$	2.38

​

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,
​		2018		2019		2020
Share options and RSUs	​	276,618		41,950		187,083

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- References

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

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

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257

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