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Net income per share | 3 Months Ended
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Mar. 31, 2014
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, and the corresponding adjustment attributable to changes in redeemable non-controlling interest, 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 is allocated using the two-class method for earnings per common share for the three-month periods ended March 31, 2014 and 2013:
|  | Three Months Ended March 31, |
|  | 2014 |  |  | 2013 |
|  | Basic |  |  | Diluted |  |  | Basic |  |  | Diluted |
Net income |  | $ | 30,327,953 |  |  | $ | 30,327,953 |  |  | $ | 17,522,591 |  |  | $ | 17,522,591 |
Net loss (income) attributable to noncontrolling interests |  |  | (63,980 | ) |  |  | (63,980 | ) |  |  | (42,338 | ) |  |  | (42,338 | )
Change in redeemable amount of noncontrolling interest |  |  | 60,679 |  |  |  | 60,679 |  |  |  | 215,960 |  |  |  | 215,960 |
Net income attributable to MercadoLibre, Inc. Shareholders corresponding to common stock |  | $ | 30,324,652 |  |  | $ | 30,324,652 |  |  | $ | 17,696,213 |  |  | $ | 17,696,213 |
Net income per share of common stock is as follows for the three-month periods ended March 31, 2014 and 2013:
|  | Three Months Ended March 31, |
|  | 2014 |  |  | 2013 |
|  | Basic |  |  | Diluted |  |  | Basic |  |  | Diluted |
Net income attributable to MercadoLibre, Inc. Shareholders per common share |  | $ | 0.69 |  |  | $ | 0.69 |  |  | $ | 0.40 |  |  | $ | 0.40 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to MercadoLibre, Inc. Shareholders |  | $ | 30,324,652 |  |  | $ | 30,324,652 |  |  | $ | 17,696,213 |  |  | $ | 17,696,213 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average of common stock outstanding for Basic earnings per share |  |  | 44,153,818 |  |  |  | 44,153,818 |  |  |  | 44,151,323 |  |  |  | 44,151,323 |
Adjustment for stock options |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 34 |
Adjusted weighted average of common stock outstanding for Diluted earnings per share |  |  | 44,153,818 |  |  |  | 44,153,818 |  |  |  | 44,151,323 |  |  |  | 44,151,357 |
For the three-month periods ended March 31, 2014 and 2013, there were no anti-dilutive shares that should have been excluded from the calculation of diluted net income per common share.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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