EARNINGS PER COMMON SHARE

6 Months Ended

Jun. 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 six months ended June 30, 2013 and 2012:

Basic Earnings Per Common Share Computation	Three Months Ended				Six Months Ended
(in thousands, except per share amounts)	2013		2012		2013		2012
Net income attributable to DENTSPLY International	$	87,228	$	80,764	$	158,913	$	134,049
Weighted average common shares outstanding	142,922		141,737		142,849		141,729
Earnings per common share - basic	$	0.61	$	0.57	$	1.11	$	0.95
Diluted Earnings Per Common Share Computation
(in thousands, except per share amounts)
Net income attributable to DENTSPLY International	$	87,228	$	80,764	$	158,913	$	134,049
Weighted average common shares outstanding	142,922		141,737		142,849		141,729
Incremental weighted average shares from assumed exercise of dilutive options from stock-based compensation awards	2,211		2,126		2,258		2,179
Total weighted average diluted shares outstanding	145,133		143,863		145,107		143,908
Earnings per common share - diluted	$	0.60	$	0.56	$	1.10	$	0.93

Options to purchase 2.9 million and 3.5 million shares of common stock that were outstanding during the three and six months ended June 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 six months ended June 30, 2012, respectively.