EARNINGS PER COMMON SHARE

6 Months Ended

Jun. 30, 2012

Notes to Financial Statements [Abstract]

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE

The dilutive effect of outstanding non-qualified stock options and RSU is reflected in diluted earnings per share by application of the treasury stock method. The following table sets forth the computation of basic and diluted earnings per common share for the three and six months ended June 30, 2012 and 2011:

	Three Months Ended				Six Months Ended
Basic Earnings Per Common Share Computation
(in thousands, except per share amounts)	2012		2011		2012		2011
Net income attributable to DENTSPLY International	$	80,764	$	74,236	$	134,049	$	143,320
Common shares outstanding	141,737		141,052		141,729		141,331
Earnings per common share - basic	$	0.57	$	0.53	$	0.95	$	1.01
Diluted Earnings Per Common Share Computation
(in thousands, except per share amounts)
Net income attributable to DENTSPLY International	$	80,764	$	74,236	$	134,049	$	143,320
Common shares outstanding	141,737		141,052		141,729		141,331
Incremental shares from assumed exercise of dilutive options from stock-based compensation awards	2,126		2,321		2,179		2,363
Total shares	143,863		143,373		143,908		143,694
Earnings per common share - diluted	$	0.56	$	0.52	$	0.93	$	1.00

Options to purchase 3.8 million and 4.1 million shares of common stock that were outstanding during the three and six months ended June 30, 2012, respectively, were not included in the computation of diluted earnings per share since the exercise prices for these options were greater than the average market price of the common shares and, therefore, the effect would be antidilutive.  There were 3.0 million and 3.4 million antidilutive shares of common stock outstanding during the three and six months ended June 30, 2011, respectively.