Net Income Per Common Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Net Income Per Common Share

NET INCOME PER COMMON SHARE

Basic net income per common share is computed by dividing net income attributable to AGCO Corporation and its subsidiaries by the weighted average number of common shares outstanding during each period. Diluted net income per common share assumes the exercise of outstanding SSARs, vesting of performance share awards and vesting of restricted stock units when the effects of such assumptions are dilutive. A reconciliation of net income attributable to AGCO Corporation and its subsidiaries and weighted average common shares outstanding for purposes of calculating basic and diluted net income per share for the three months ended March 31, 2015 and 2014 is as follows (in millions, except per share data):

	Three Months Ended March 31,
	2015		2014
Basic net income per share:
Net income attributable to AGCO Corporation and subsidiaries	$	30.1	$	99.6
Weighted average number of common shares outstanding	88.8		95.3
Basic net income per share attributable to AGCO Corporation and subsidiaries	$	0.34	$	1.05
Diluted net income per share:
Net income attributable to AGCO Corporation and subsidiaries	$	30.1	$	99.6
Weighted average number of common shares outstanding	88.8		95.3
Dilutive SSARs, performance share awards and restricted stock units	0.2		0.4
Weighted average assumed conversion of contingently convertible senior subordinated notes	—		0.9
Weighted average number of common shares and common share equivalents outstanding for purposes of computing diluted net income per share	89.0		96.6
Diluted net income per share attributable to AGCO Corporation and subsidiaries	$	0.34	$	1.03

SSARs to purchase approximately 1.3 million shares of the Company’s common stock for the three months ended March 31, 2015 and approximately 1.1 million shares of the Company’s common stock for the three months ended March 31, 2014 were outstanding but not included in the calculation of weighted average common and common equivalent shares outstanding because they had an antidilutive impact.