4. EARNINGS PER SHARE OF COMMON STOCK

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

EARNINGS PER SHARE OF COMMON STOCK

4.  EARNINGS PER SHARE OF COMMON STOCK

The following is a reconciliation of the numerators and denominators of the basic and diluted net income per share computations:

	For the three months ended
	March 31,
	2013		2012
	US$		US$
Net income attributable to Feihe International, Inc. shareholders		10,556,110		8,242,403
Net income attributable to Feihe International, Inc. allocated for computing net income per share of common stock – Basic		10,556,110		7,890,276
Net income attributable to Feihe International, Inc. allocated for computing net income per share of redeemable common stock – Basic		—		352,127
Net income attributable to Feihe International, Inc. for computing net income per common stock – Diluted		10,556,110		7,890,276
Net income attributable to Feihe International, Inc. allocated for computing net income per share of common stock – Diluted		—		352,127
Weighted-average common stock outstanding used in computing net income per share of common stock – Basic		19,784,291		19,714,291
Weighted-average common stock outstanding used in computing net income per share of common stock – Diluted (i)		19,784,291		19,714,291
Weighted-average shares of redeemable common stock outstanding used in computing net income per share of redeemable common stock – Basic		—		879,809
Weighted-average shares of redeemable common stock outstanding used in computing net income per share of redeemable common stock – Diluted		—		879,809
Net income per share of common stock – Basic
Net income attributable to Feihe International, Inc.		0.53		0.40
Net income per share of common stock – Diluted
Net income attributable to Feihe International, Inc.		0.53		0.40
Net income per share of redeemable common stock – Basic
Net income attributable to Feihe International, Inc.		—		0.40
Net income per share of redeemable common stock – Diluted
Net income attributable to Feihe International, Inc.		—		0.40

(i) The following table sets forth the computation of weighted-average shares outstanding for calculating basic and diluted earnings per share for the three months ended March 31, 2013 and 2012:

	Three months ended
	March 31,
	2013		2012
Weighted-average shares – Basic		19,784,291		19,714,291
Effect of dilutive securities
Stock option		—		—
Weighted-average shares – Diluted		19,784,291		19,714,291

For the three months ended March 31, 2013, 1,039,000 shares of the Company’s common stock issuable upon exercise of options were excluded from the calculation of diluted income per share because they were anti-dilutive.

For the three months ended March 31,  2012, 1,446,000 shares of the Company’s common stock issuable upon exercise of options and 237,937 shares of the Company’s common stock issuable upon exercise of warrants were excluded from the calculation of diluted income per share because they were anti-dilutive.