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Net Income Per Share | 6 Months Ended
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Jun. 30, 2013
Earnings Per Share [Abstract] |
Net Income Per Share |
3. | Net income per share
Basic earnings per share for the Company’s common stock is computed by dividing net income available to common shareholders attributable to common stock for the period by the weighted average number of common shares outstanding during the period. Diluted earnings per share for the Company’s common stock assume the exercise of outstanding stock options under the Company’s stock based employee compensation plan. The following table shows how net income available to common shareholders is allocated using the two-class method, for the three and six-month periods ended June 30, 2013 and 2012:
|  | Three Months Ended June 30, |
|  | 2013 |  |  | 2012 |
|  | Basic |  |  | Diluted |  |  | Basic |  |  | Diluted |
Net income |  | $ | 30,021,018 |  |  | $ | 30,021,018 |  |  | $ | 25,394,824 |  |  | $ | 25,394,824 |
Net income attributable to noncontrolling interests |  |  | (42,377 | ) |  |  | (42,377 | ) |  |  | (15,632 | ) |  |  | (15,632 | )
Change in redeemable amount of noncontrolling interest |  |  | (349,911 | ) |  |  | (349,911 | ) |  |  | (179,098 | ) |  |  | (179,098 | )
Net income attributable to MercadoLibre, Inc. Shareholders corresponding to common stock |  | $ | 29,628,730 |  |  | $ | 29,628,730 |  |  | $ | 25,200,094 |  |  | $ | 25,200,094 |
|  | Six Months Ended June 30, |
|  | 2013 |  |  | 2012 |
|  | Basic |  |  | Diluted |  |  | Basic |  |  | Diluted |
Net income |  | $ | 47,543,609 |  |  | $ | 47,543,609 |  |  | $ | 45,031,862 |  |  | $ | 45,031,862 |
Net income attributable to noncontrolling interests |  |  | (84,715 | ) |  |  | (84,715 | ) |  |  | (18,060 | ) |  |  | (18,060 | )
Change in redeemable amount of noncontrolling interest |  |  | (133,951 | ) |  |  | (133,951 | ) |  |  | 137,200 |  |  |  | 137,200 |
Net income attributable to MercadoLibre, Inc. Shareholders corresponding to common stock |  | $ | 47,324,943 |  |  | $ | 47,324,943 |  |  | $ | 45,151,002 |  |  | $ | 45,151,002 |
Net income per share of common stock is as follows for the three and six-month periods ended June 30, 2013 and 2012:
|  | Three Months Ended June 30, |
|  | 2013 |  |  | 2012 |
|  | Basic |  |  | Diluted |  |  | Basic |  |  | Diluted |
Net income attributable to MercadoLibre, Inc. Shareholders per common share |  | $ | 0.67 |  |  | $ | 0.67 |  |  | $ | 0.57 |  |  | $ | 0.57 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to MercadoLibre, Inc. Shareholders |  | $ | 29,628,730 |  |  | $ | 29,628,730 |  |  | $ | 25,200,094 |  |  | $ | 25,200,094 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average of common stock outstanding for Basic earnings per share |  |  | 44,152,933 |  |  |  | 44,152,933 |  |  |  | 44,147,999 |  |  |  | 44,147,999 |
Adjustment for stock options |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,134 |
Adjusted weighted average of common stock outstanding for Diluted earnings per share |  |  | 44,152,933 |  |  |  | 44,152,933 |  |  |  | 44,147,999 |  |  |  | 44,152,133 |
|  | Six Months Ended June 30, |
|  | 2013 |  |  | 2012 |
|  | Basic |  |  | Diluted |  |  | Basic |  |  | Diluted |
Net income attributable to MercadoLibre, Inc. Shareholders per common share |  | $ | 1.07 |  |  | $ | 1.07 |  |  | $ | 1.02 |  |  | $ | 1.02 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to MercadoLibre, Inc. Shareholders |  | $ | 47,324,943 |  |  | $ | 47,324,943 |  |  | $ | 45,151,002 |  |  | $ | 45,151,002 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average of common stock outstanding for Basic earnings per share |  |  | 44,152,132 |  |  |  | 44,152,132 |  |  |  | 44,145,038 |  |  |  | 44,145,038 |
Adjustment for stock options |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,140 |
Adjusted weighted average of common stock outstanding for Diluted earnings per share |  |  | 44,152,132 |  |  |  | 44,152,132 |  |  |  | 44,145,038 |  |  |  | 44,149,178 |
During the three and six-month periods ended June 30, 2013 and 2012, there were no anti-dilutive shares.

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