Net Income Per Share

12 Months Ended

Dec. 31, 2015

Net Income Per Share [Abstract]

Net Income Per Share

17. NET INCOME PER SHARE

The following table sets forth the computation of basic and diluted net income per share for the periods indicated:

	For the years ended December 31,
	2013		2014		2015
Net income attributable to Qihoo 360 Technology Co. Ltd		99,652		222,768		306,968
Undistributed earnings allocated to participating unvested shares (i)		3,175		3,848		2,538
Eliminate the dilutive effect of interest expense of Convertible Senior Notes		-		-		32,351
Net income attributable to Class A and Class B ordinary shareholders for computing basic net income per ordinary share		96,477		218,920		304,430
Net income attributable to nonvested shareholders for computing basic net income per participating unvested shares (i)		3,175		3,848		2,538
Weighted average ordinary shares outstanding used in computing basic net income per Class A and Class B ordinary share		174,727,288		181,909,716		184,322,471
Weighted average shares used in calculating net income per participating unvested share-basic		5,749,393		3,197,500		1,536,964
Effect of dilutive securities:
Plus incremental weighted average ordinary shares from assumed exercise of stock options and nonvested shares using the treasury stock method		12,560,169		12,384,156		8,676,398
Plus incremental weighted average ordinary shares from Convertible Senior Notes using as-if converted method		-		-		20,732,187
Weighted average ordinary shares outstanding used in computing diluted net income per Class A and Class B ordinary share (i)		193,036,850		197,491,372		215,268,020
Net income per Class A and Class B ordinary share-basic	$	0.55	$	1.20	$	1.65
Net income per participating unvested share-basic	$	0.55	$	1.20	$	1.65
Net income per Class A and Class B ordinary share-diluted	$	0.52	$	1.13	$	1.58

(i) The net income attributable to Qihoo 360 Technology Co. Ltd. was allocated among Class A and Class B ordinary shares, and certain nonvested shares pro rata on the basis of their right to participate in dividends.

For the year 2013, 2014 and 2015, 533,054, 244,797 and 251,877 share options were excluded as their effect was anti-dilutive, respectively.

For the year 2013, 2014 and 2015, 2,578,779, 13,116,846 and nil ordinary shares resulting from the assumed conversions of Convertible Senior Notes were excluded from the calculation of diluted net income per share as their effect was anti-dilutive.