17. EARNINGS PER SHARE (“EPS”)

A reconciliation of net income attributable to Baidu, Inc. in the consolidated statements of comprehensive income to the numerator for the computation of basic and diluted per share for the years ended December 31, 2014, 2015 and 2016 is as follows:


	For the years ended December 31,
	2014			2015			2016			2016
	RMB			RMB			RMB			US$
	(In thousands)
Net income attributable to Baidu, Inc.		13,196,932			33,664,173			11,632,269			1,675,395
Accretion of the redeemable noncontrolling interests		(52,683	)		(329,180	)		(557,918	)		(80,357	)

Numerator for EPS computation		13,144,249			33,334,993			11,074,351			1,595,038

The following table sets forth the computation of basic and diluted net income attributable to Baidu, Inc. per share for Class A and Class B ordinary shares.


	For the years ended December 31,
	2014				2015				2016
	Class A		Class B		Class A		Class B		Class A		Class A		Class B		Class B
	RMB		RMB		RMB		RMB		RMB		US$		RMB		US$
	(In thousands, except for number of shares, per share and per ADS data)
Earnings per share – basic:
Numerator
Allocation of net income attributable to Baidu, Inc.		10,328,517		2,815,732		26,182,538		7,152,455		8,709,905		1,254,487		2,364,446		340,551
Denominator
Weighted average ordinary shares outstanding		27,551,463		7,511,003		27,428,861		7,492,921		27,263,984		27,263,984		7,401,254		7,401,254

Denominator used for earnings per share		27,551,463		7,511,003		27,428,861		7,492,921		27,263,984		27,263,984		7,401,254		7,401,254
Earnings per share – basic		374.88		374.88		954.56		954.56		319.47		46.01		319.47		46.01

Earnings per share – diluted:
Numerator
Allocation of net income attributable to Baidu, Inc. for diluted computation		10,339,397		2,804,852		26,205,544		7,129,449		8,716,163		1,255,388		2,358,188		339,650
Reallocation of net income attributable to Baidu, Inc. as a result of conversion of Class B to Class A shares		2,804,852		—		7,129,449		—		2,358,188		339,650		—		—

Allocation of net income attributable to Baidu, Inc.		13,144,249		2,804,852		33,334,993		7,129,449		11,074,351		1,595,038		2,358,188		339,650
Denominator
Weighted average ordinary shares outstanding		27,551,463		7,511,003		27,428,861		7,492,921		27,263,984		27,263,984		7,401,254		7,401,254
Conversion of Class B to Class A ordinary shares		7,511,003		—		7,492,921		—		7,401,254		7,401,254		—		—
Share-based awards		136,008		—		112,688		—		91,848		91,848		—		—

Denominator used for earnings per share		35,198,474		7,511,003		35,034,470		7,492,921		34,757,086		34,757,086		7,401,254		7,401,254
Earnings per share – diluted		373.43		373.43		951.49		951.49		318.62		45.89		318.62		45.89

Earnings per ADS:
Denominator used for earnings per ADS – basic		275,514,630				274,288,610				272,639,840		272,639,840
Denominator used for earnings per ADS – diluted		351,984,740				350,344,700				347,570,860		347,570,860
Earnings per ADS – basic		37.49				95.46				31.95		4.60

Earnings per ADS – diluted		37.34				95.15				31.86		4.59

The Company did not include certain stock options and restricted shares in the computation of diluted earnings per share for the years ended December 31, 2014, 2015 and 2016 because those stock options and restricted shares were anti-dilutive for earnings per share for the respective years.