Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 2013

Allocation of Net Income Available to Common Shareholders using Two-Class Method

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

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