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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Earnings (Loss) Per Share

The following table presents the computation of basic and diluted EPS attributable to SolarEdge Technologies Inc.:

 

 

 

Year ended December 31,

 
   

2021

   

2020

   

2019

 

Basic EPS:

 

 

 

 

   

 

 

   

 

 

Numerator:

 

 

 

 

   

 

 

   

 

 

Net income

 

$

169,170

 

 

$

140,322

 

 

$

144,957

 

Net loss attributable to Non-controlling interests

 

 

-

 

   

-

 

   

1,592

 

 

 

 

169,170

 

   

140,322

 

   

146,549

 

Denominator:

 

 

 

 

   

 

 

   

 

 

Shares used in computing net earnings per share of common stock, basic

 

 

52,202,182

 

   

50,217,330

 

   

47,918,938

 

Diluted EPS:

 

 

 

 

   

 

 

   

 

 

Numerator:

 

 

 

 

   

 

 

   

 

 

Net income attributable to common stock, basic

 

$

169,170

 

 

$

140,322

 

 

$

144,957

 

Net loss attributable to Non-controlling interests

 

 

-

 

   

-

 

   

1,592

 

Undistributed earnings reallocated to non-vested stockholders

 

 

-

 

   

-

 

   

(906

)

Notes due 2025

 

 

2,134

 

   

-

 

   

-

 

Net income attributable to common stock, diluted

 

$

171,304

 

 

$

140,322

 

 

$

145,643

 

Denominator:

 

 

 

 

   

 

 

   

 

 

Shares used in computing net earnings per share of common stock, basic

 

 

52,202,182

 

   

50,217,330

 

   

47,918,938

 

Non-vested PSUs

 

 

-

 

   

-

 

   

(312,128

)

Notes due 2025

 

 

2,276,818

 

   

-

 

   

-

 

Effect of stock-based awards

 

 

1,492,030

 

   

2,578,146

 

   

2,588,851

 

Shares used in computing net earnings per share of common stock, diluted

 

 

55,971,030

 

   

52,795,475

 

   

50,195,661