EARNINGS PER COMMON SHARE

3 Months Ended

Mar. 31, 2020

The computation of basic and diluted earnings per common share were as follows:


Basic Earnings Per Common Share Computation	Three Months Ended March 31,
(in millions, except per share amounts)	2020		2019

Net (loss) income attributable to Dentsply Sirona	$	(139.9)	$	39.2

Weighted average common shares outstanding	220.9		223.3

(Loss) earnings per common share - basic	$	(0.63)	$	0.18

Diluted Earnings Per Common Share Computation	Three Months Ended March 31,
(in millions, except per share amounts)	2020		2019

Net (loss) income attributable to Dentsply Sirona	$	(139.9)	$	39.2

Weighted average common shares outstanding	220.9		223.3
Incremental weighted average shares from assumed exercise of dilutive options from stock-based compensation awards	—		1.7
Total weighted average diluted shares outstanding	220.9		225.0

(Loss) earnings per common share - diluted	$	(0.63)	$	0.17

The calculation of weighted average diluted common shares outstanding excluded 1.4 million of potentially diluted common shares because the Company reported a net loss for the three months ended March 31, 2020. Stock options and RSUs of 2.6 million equivalent shares of common stock that were outstanding during the three months ended March 31, 2020 were excluded because their effect would be antidilutive. There were 4.5 million antidilutive equivalent shares of common stock outstanding during the three months ended March 31, 2019.

On March 9, 2020, the Company entered into an accelerated share repurchase agreement with a financial institution pursuant to an Accelerated Share Repurchase Transaction (“ASR Agreement") to purchase $140.0 million of shares of the Company's common stock. Pursuant to the terms of the ASR Agreement, the Company delivered $140.0 million cash to a financial institution and received an initial delivery of 2.7 million shares of the Company’s common stock on March 9, 2020 based on a closing market price of $42.12 per share and the applicable contractual discount. This was approximately 80% of the then estimated total number of shares expected to be repurchased under the ASR Agreement. The Company expects to receive the remaining shares during the Company's second quarter of 2020.