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Earnings Per Share
6 Months Ended
Jun. 30, 2018
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, 2017

 
June 30, 2018

 
June 30, 2017

 
June 30, 2018

 
 
(in thousands, except share amount and per data)
Net income attributable to shareholders of Criteo S.A.
 
$
5,970

 
$
13,726

 
$
18,411

 
$
33,535

Weighted average number of shares outstanding
 
65,027,985

 
66,347,599

 
64,611,237

 
66,254,476

Basic earnings per share
 
$
0.09

 
$
0.21

 
$
0.28

 
$
0.51

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 10). There were no other potentially dilutive instruments outstanding as of June 30, 2017 and 2018. 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 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, 2017

 
June 30, 2018

 
June 30, 2017

 
June 30, 2018

 
 
(in thousands, except share amount and per data)
Net income attributable to shareholders of Criteo S.A.
 
$
5,970

 
$
13,726

 
$
18,411

 
$
33,535

Weighted average number of shares outstanding of Criteo S.A.
 
65,027,985

 
66,347,599

 
64,611,237

 
66,254,476

Dilutive effect of :
 

 

 

 

Restricted share awards ("RSUs")
 
1,598,093

 
721,154

 
1,438,010

 
793,096

Share options and BSPCE
 
1,427,448

 
382,066

 
1,574,728

 
394,936

Share warrants
 
77,748

 
37,492

 
85,814

 
37,005

Weighted average number of shares outstanding used to determine diluted earnings per share
 
68,131,274

 
67,488,311

 
67,709,789

 
67,479,513

Diluted earnings per share
 
$
0.09

 
$
0.20

 
$
0.27

 
$
0.50


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, 2017
 
June 30, 2018
 
June 30, 2017
 
June 30, 2018
 
 
 
 
 
 
 
 
 
Restricted share awards
 
11,834

 
2,651,262

 
120,782

 
2,276,195

Share options and BSPCE
 
129,005

 

 
285,958

 

Weighted average number of anti-dilutive securities excluded from diluted earnings per share
 
140,839

 
2,651,262

 
406,740

 
2,276,195