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Net Income Per Share | 6 Months Ended
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Jun. 30, 2015
Net Income 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 issuance of shares as a consequence of a convertible debt securities conversion event (refer to Note 9 to these interim condensed consolidated financial statements) and the effect of assumed share settlement of Long-term retention plans (refer to Note 8 to these interim condensed consolidated financial statements) for earnings per share calculations. The following table shows how net income is al located using the “if converted” and the “treasury stock” method for convertible debt securities and Long-term retention plans, respectively, for earnings per common share for the six and three-month periods ended June 30, 201 5 and 201 4:
|  | Six Months Ended June 30,
|  | 2015 |  | 2014
|  | (In thousands)
|  | Basic |  | Diluted |  | Basic |  | Diluted
Net income |  | $ 21,184 |  | $ 21,184 |  | $ 4,740 |  | $ 4,740
Net income attributable to noncontrolling interests |  | — |  | — |  | (70) |  | (70)
Change in redeemable amount of noncontrolling interest |  | — |  | — |  | 4 |  | 4
Net income attributable to MercadoLibre, Inc. Shareholders |  |  |  |  |  |  |  |
corresponding to common stock |  | $ 21,184 |  | $ 21,184 |  | $ 4,674 |  | $ 4,674
|  | Three Months Ended June 30,
|  | 2015 |  | 2014
|  | (In thousands)
|  | Basic |  | Diluted |  | Basic |  | Diluted
Net income (loss) |  | $ 19,463 |  | $ 19,463 |  | $ (25,589) |  | $ (25,589)
Net income attributable to noncontrolling interests |  | — |  | — |  | (6) |  | (6)
Change in redeemable amount of noncontrolling interest |  | — |  | — |  | (121) |  | (121)
Net income (loss) attributable to MercadoLibre, Inc. Shareholders |  |  |  |  |  |  |  |
corresponding to common stock |  | $ 19,463 |  | $ 19,463 |  | $ (25,716) |  | $ (25,716)
Net income per share of common st ock is as follows for the six and three-month periods ended June 30, 201 5 and 201 4:
|  | Six months Ended June 30, |  | Three Months Ended June 30,
|  | 2015 |  | 2014 |  | 2015 |  | 2014
|  | (In thousands, except per share data) |  | (In thousands, except per share data)
|  | Basic |  | Diluted |  | Basic |  | Diluted |  | Basic |  | Diluted |  | Basic |  | Diluted
Net income (loss) attributable to MercadoLibre, Inc. Shareholders per common share |  | $ 0.48 |  | $ 0.48 |  | $ 0.11 |  | $ 0.11 |  | $ 0.44 |  | $ 0.44 |  | $ (0.58) |  | $ (0.58)
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to MercadoLibre, Inc. Shareholders |  | $ 21,184 |  | $ 21,184 |  | $ 4,674 |  | $ 4,674 |  | $ 19,463 |  | $ 19,463 |  | $ (25,716) |  | $ (25,716)
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average of common stock outstanding for Basic earnings per share |  | 44,155,035 |  | 44,155,035 |  | 44,153,658 |  | 44,153,658 |  | 44,155,271 |  | 44,155,271 |  | 44,153,892 |  | 44,153,892
Adjustment for Convertible Notes |  | - |  | - |  | - |  | 14,468 |  | — |  | — |  | — |  | 28,776
Adjusted weighted average of common stock outstanding for Diluted earnings per share |  | 44,155,035 |  | 44,155,035 |  | 44,153,658 |  | 44,168,126 |  | 44,155,271 |  | 44,155,271 |  | 44,153,892 |  | 44,182,668
For the six and three-month period ended June 30, 2015 and 2014 there was no impact on the calculation of diluted earnings per share as a consequence of the consideration of the Notes and the Long term retention plan referred to above.

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