Net income per share (Tables)

3 Months Ended

Mar. 31, 2014

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

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

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