Net Income per Share (Tables)

6 Months Ended

Jun. 30, 2014

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

The following table shows how net income is allocated using the “if converted” method for earnings per common share for the three and six-month periods ended June 30, 2014 and 2013:


	Three Months Ended June 30,
	2014						2013
	Basic			Diluted			Basic			Diluted
Net income (loss)	$	(25,588,478	)	$	(25,588,478	)	$	30,021,018		$	30,021,018

Net loss (income) attributable to noncontrolling interests		(5,552	)		(5,552	)		(42,377	)		(42,377	)

Change in redeemable amount of noncontrolling interest		(121,046	)		(121,046	)		(349,911	)		(349,911	)

Net income (loss) attributable to MercadoLibre, Inc. Shareholders corresponding to common stock	$	(25,715,076	)	$	(25,715,076	)	$	29,628,730		$	29,628,730


	Six Months Ended June 30,
	2014						2013
	Basic			Diluted			Basic			Diluted
Net income	$	4,739,475		$	4,739,475		$	47,543,609		$	47,543,609

Net loss (income) attributable to noncontrolling interests		(69,532	)		(69,532	)		(84,715	)		(84,715	)

Change in redeemable amount of noncontrolling interest		3,615			3,615			(133,951	)		(133,951	)

Net income attributable to MercadoLibre, Inc. Shareholders corresponding to common stock	$	4,673,558		$	4,673,558		$	47,324,943		$	47,324,943

Net Income (Loss) Per Share of Common Stock

Net income (loss) per share of common stock is as follows for the three and six-month periods ended June 30, 2014 and 2013:


	Three Months Ended June 30,
	2014						2013
	Basic			Diluted			Basic		Diluted

Net (loss) income attributable to MercadoLibre, Inc. Shareholders per common share	$	(0.58	)	$	(0.58	)	$	0.67	$	0.67


Numerator:

Net (loss) income attributable to MercadoLibre, Inc. Shareholders	$	(25,715,076	)	$	(25,715,076	)	$	29,628,730	$	29,628,730


Denominator:
Weighted average of common stock outstanding for Basic earnings per share		44,153,892			44,153,892			44,152,933		44,152,933
Adjustment for Convertible Notes		—			28,776			—		—

Adjusted weighted average of common stock outstanding for Diluted earnings per share		44,153,892			44,182,668			44,152,933		44,152,933


	Six months Ended June 30,
	2014				2013
	Basic		Diluted		Basic		Diluted

Net income attributable to MercadoLibre, Inc. Shareholders per common share	$	0.11	$	0.11	$	1.07	$	1.07


Numerator:

Net income attributable to MercadoLibre, Inc. Shareholders	$	4,673,558	$	4,673,558	$	47,324,943	$	47,324,943


Denominator:
Weighted average of common stock outstanding for Basic earnings per share		44,153,658		44,153,658		44,152,132		44,152,132
Adjustment for Convertible Notes		—		14,468		—		—

Adjusted weighted average of common stock outstanding for Diluted earnings per share		44,153,658		44,168,126		44,152,132		44,152,132