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Earnings Per Share
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
Basic Earnings Per Share
We calculate basic earnings per share by dividing the net income for the period attributable to shareholders of the Parent by the weighted average number of shares outstanding.
 
Three Months Ended
 
Six Months Ended
 
June 30,
 2015

 
June 30,
2016

 
June 30, 2015

 
June 30, 2016

 
 
 
 
 
 
 
 
 
(in thousands, except share and per share data)
 
 
 
 
 
 
 
 
Net income attributable to shareholders of Criteo S.A.
$
3,540

 
$
12,200

 
$
16,522

 
$
29,330

Weighted average number of shares outstanding
61,719,367

 
63,246,785

 
61,448,678

 
62,928,221

Basic earnings per share
$
0.06

 
$
0.19

 
$
0.27

 
$
0.47


Diluted Earnings Per Share
We calculate diluted earnings per share by dividing the net income attributable to shareholders of the Parent by the weighted average number of shares outstanding plus any potentially dilutive shares not yet issued from share-based compensation plans (see note 9). There were no other potentially dilutive instruments outstanding as of June 30, 2015 and 2016. Consequently all potential dilutive effects from shares are considered.
For each period presented, a contract to issue a certain number of shares (i.e. share option, non-employee warrant ("BSA"), restricted share unit ("RSU") or non-employee warrant ("BSPCE") is assessed as potentially dilutive if it is “in the money” (i.e., the exercise or settlement price is lower than the average market price).
 
Three Months Ended
 
Six Months Ended
 
June 30,
2015

 
June 30,
2016

 
June 30, 2015

 
June 30, 2016

 
 
 
 
 
 
 
 
 
(in thousands, except share and per share data)
 
 
 
 
 
 
 
 
Net income attributable to shareholders of Criteo S.A.
$
3,540

 
$
12,200

 
$
16,522

 
$
29,330

Weighted average number of shares outstanding of Criteo S.A.
61,719,367

 
63,246,785

 
61,448,678

 
62,928,221

Dilutive effect of :
 
 
 
 
 
 
 
Restricted share units ("RSUs")

 
189,980

 

 
94,990

Share options and employee warrants ("BSPCEs")
3,423,409

 
2,104,298

 
3,422,392

 
2,124,592

Non-employees warrants ("BSAs")
136,835

 
84,034

 
141,617

 
85,135

Weighted average number of shares outstanding used to determine diluted earnings per share
65,279,611

 
65,625,097

 
65,012,687

 
65,232,938

Diluted earnings per share
$
0.05

 
$
0.19

 
$
0.25

 
$
0.45


The weighted average number of securities that were anti-dilutive for diluted EPS for the periods presented but which could potentially dilute EPS in the future are as follows:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 2015

 
June 30,
2016

 
June 30, 2015

 
June 30, 2016

 
 
 
 
 
 
 
 
        Restricted share units ("RSUs")

 
134,112

 

 
502,511

        Share options and employee warants ("BSPCEs")
1,069,738

 
824,858

 
749,032

 
412,429

Non-employees warrants ("BSAs")
25,630

 

 
12,815

 

Weighted average number of anti-dilutive securities excluded from diluted earnings per share
1,095,368

 
958,970

 
761,847

 
914,940