EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2020

NOTE 10:-EARNINGS PER SHARE

Basic net Earnings Per Share (“EPS”) is computed by dividing the net earnings attributable to SolarEdge Technologies, Inc. by the weighted-average number of shares of common stock outstanding during the period.

Diluted net EPS is computed by giving effect to all potential shares of common stock, including stock options, to the extent dilutive, all in accordance with ASC No. 260, "Earnings Per Share."

No shares were excluded from the calculation of diluted net EPS due to their anti-dilutive effect for the three and six months ended June 30, 2020.

334,096 and 289,796 shares were excluded from the calculation of diluted net earnings per share due to their anti-dilutive effect for the three and six months ended June 30, 2019, respectively.

F - 20

SOLAREDGE TECHNOLOGIES, INC.

AND ITS SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

U.S. dollars in thousands (except share and per share data)

NOTE 10:-EARNINGS PER SHARE (Cont.)

The following table presents the computation of basic and diluted net EPS attributable to SolarEdge Technologies, Inc. for the periods presented:

	Three months ended June 30,					Six months ended June 30,
	2020		2019			2020		2019

Basic EPS:
Numerator:
Net income	$	36,668	$	32,913		$	78,916	$	50,888
Net loss attributable to Non-controlling interests		-		215			-		1,256
Net income attributable to SolarEdge Technologies, Inc.	$	36,668	$	33,128		$	78,916	$	52,144

Denominator:
Shares used in computing net earnings per share of common stock, basic		49,786,586		47,683,799			49,493,173		47,353,401

Diluted EPS:
Numerator:
Net income	$	36,668	$	32,913		$	78,916	$	50,888
Net loss attributable to Non-controlling interests		-		215			-		1,256
Undistributed earnings reallocated to non-vested stockholders		-		(220	)		-		(304	)
Net income attributable to SolarEdge Technologies, Inc.	$	36,668	$	32,908		$	78,916	$	51,840

Denominator:
Shares used in computing net earnings per share of common stock, basic		49,786,586		47,683,799			49,493,173		47,353,401
Weighted average effect of dilutive securities:
Non-vested PSU’S		-		(334,096	)		-		(289,796	)
Effect of stock-based awards		2,749,851		2,590,331			2,864,665		2,294,675
Shares used in computing net earnings per share of common stock, diluted		52,536,437		49,940,034			52,357,838		49,358,280