EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2021

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,
	2019		2020		2021
	(In Thousands of U.S. Dollars, except share and per share data)
Numerator:
Net income attributable to Canadian Solar Inc. — basic	$	171,585	$	146,703	$	95,248
Dilutive effect of convertible notes		975		1,518		5,300
Net income attributable to Canadian Solar Inc. — diluted	$	172,560	$	148,221	$	100,548
Denominator:
Denominator for basic calculation — weighted average number of common shares — basic		59,633,855		59,575,898		61,614,391
Diluted effects of share number from share options and RSUs		794,526		897,258		985,554
Dilutive effects of share number from convertible notes		349,315		1,833,663		6,272,157
Denominator for diluted calculation — weighted average number of common shares — diluted		60,777,696		62,306,819		68,872,102
Basic earnings per share	$	2.88	$	2.46	$	1.55
Diluted earnings per share	$	2.83	$	2.38	$	1.46

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,
	2019	2020	2021
Share options and RSUs	41,950	187,083	3,877