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Net income per share
 3 Months Ended
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.