Net income per share (Tables)

12 Months Ended

Dec. 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 “if converted” method for earnings per common share for the years ended December 31, 2014, 2013 and 2012:


	Year Ended December 31,
	2014						2013						2012
	Basic			Diluted			Basic			Diluted			Basic			Diluted
Net income	$	72,652,771		$	72,652,771		$	117,526,263		$	117,526,263		$	101,346,147		$	101,346,147

Net loss attributable to noncontrolling interests		(72,220	)		(72,220	)		(18,825	)		(18,825	)		(98,849	)		(98,849	)

Change in redeemable amount of noncontrolling interest		(434,717	)		(434,717	)		9,644			9,644			359,398			359,398

Net income attributable to MercadoLibre, Inc. Shareholders corresponding to common stock	$	72,145,834		$	72,145,834		$	117,517,082		$	117,517,082		$	101,606,696		$	101,606,696

Net Income Per Share of Common Stock

Net income per share of common stock is as follows for the years ended December 31, 2014, 2013 and 2012:


	Year Ended December 31,
	2014				2013				2012
	Basic		Diluted		Basic		Diluted		Basic		Diluted
Net income attributable to MercadoLibre, Inc. Shareholders per common share	$	1.63	$	1.63	$	2.66	$	2.66	$	2.30	$	2.30


Numerator:
Net income attributable to MercadoLibre, Inc. Shareholders	$	72,145,834	$	72,145,834	$	117,517,082	$	117,517,082	$	101,606,696	$	101,606,696


Denominator:
Weighted average of common stock outstanding for Basic earnings per share		44,153,884		44,153,884		44,152,600		44,152,600		44,147,861		44,147,861
Adjustment for stock options		—		—		—		—		—		1,977

Adjusted weighted average of common stock outstanding for Diluted earnings per share		44,153,884		44,153,884		44,152,600		44,152,600		44,147,861		44,149,838