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EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2022

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,
​		2020			2021			2022
​	​	(In Thousands of U.S. Dollars, except share and per share data)
Numerator:	​	​	​	​	​	​	​	​	​
Net income attributable to Canadian Solar Inc. — basic	​	$	146,703	​	$	95,248	​	$	239,968
Dilutive effect of convertible notes	​	​	1,518	​	​	5,300	​	​	5,183
Net income attributable to Canadian Solar Inc. — diluted	​	$	148,221	​	$	100,548	​	$	245,151
Denominator:	​	​	​	​	​	​	​	​	​
Denominator for basic calculation — weighted average number of common shares — basic	​		59,575,898	​		61,614,391	​		64,324,558
Diluted effects of share number from share options and RSUs	​		897,258	​		985,554	​		586,420
Dilutive effects of share number from convertible notes	​	​	1,833,663	​	​	6,272,157	​	​	6,272,157
Denominator for diluted calculation — weighted average number of common shares — diluted	​		62,306,819	​		68,872,102	​		71,183,135
Basic earnings per share	​	$	2.46	​	$	1.55	​	$	3.73
Diluted earnings per share	​	$	2.38	​	$	1.46	​	$	3.44

​

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,
​		2020		2021		2022
Share options and RSUs	​	187,083	​	3,877	​	9,295

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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 https://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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI https://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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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