EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 30, 2013

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 nine months ended September 30, 2013 and 2012:

Basic Earnings Per Common Share Computation	Three Months Ended				Nine Months Ended
(in thousands, except per share amounts)	2013		2012		2013		2012
Net income attributable to DENTSPLY International	$	79,851	$	53,364	$	238,763	$	187,413
Weighted average common shares outstanding	142,421		141,843		142,705		141,767
Earnings per common share - basic	$	0.56	$	0.38	$	1.67	$	1.32
Diluted Earnings Per Common Share Computation
(in thousands, except per share amounts)
Net income attributable to DENTSPLY International	$	79,851	$	53,364	$	238,763	$	187,413
Weighted average common shares outstanding	142,421		141,843		142,705		141,767
Incremental weighted average shares from assumed exercise of dilutive options from stock-based compensation awards	2,277		2,041		2,247		2,118
Total weighted average diluted shares outstanding	144,698		143,884		144,952		143,885
Earnings per common share - diluted	$	0.55	$	0.37	$	1.65	$	1.30

Options to purchase 2.1 million and 2.7 million shares of common stock that were outstanding during the three and nine months ended September 30, 2013, respectively, were not included in the computation of diluted earnings per common share since the options’ exercise price were greater than the average market price of the common shares and, therefore, the effect would be antidilutive. There were 3.8 million and 4.1 million antidilutive shares of common stock outstanding during the three and nine months ended September 30, 2012, respectively.