EARNINGS PER COMMON SHARE

6 Months Ended

Jun. 30, 2011

EARNINGS PER COMMON SHARE

NOTE 4 - EARNINGS PER COMMON SHARE

The dilutive effect of outstanding options and restricted stock 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, 2011 and 2010:

	Three Months Ended				Six Months Ended
Basic Earnings Per Common Share Computation
(in thousands, except per share amounts)	2011		2010		2011		2010
Net income attributable to DENTSPLY International	$	74,236	$	72,386	$	143,320	$	134,229
Common shares outstanding		141,052		144,779		141,331		145,772
Earnings per common share - basic	$	0.53	$	0.50	$	1.01	$	0.92
Diluted Earnings Per Common Share Computation
(in thousands, except per share amounts)
Net income attributable to DENTSPLY International	$	74,236	$	72,386	$	143,320	$	134,229
Common shares outstanding		141,052		144,779		141,331		145,772
Incremental shares from assumed exercise of dilutive options from stock-based compensation awards		2,321		2,160		2,363		2,276
Total shares		143,373		146,939		143,694		148,048
Earnings per common share - diluted	$	0.52	$	0.49	$	1.00	$	0.91

Options to purchase 3.0 million and 3.4 million shares of common stock that were outstanding during the three and six months ended June 30, 2011, were not included in the computation of diluted earnings per share since the options’ exercise prices were greater than the average market price of the common shares and, therefore, the effect would be antidilutive.  There were 3.1 million and 3.2 million antidilutive shares of common stock outstanding during the three and six months ended June 30, 2010, respectively.