Net Income Per Common Share

9 Months Ended

Sep. 30, 2015

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. During 2014, the appreciation of the excess conversion value of the Company’s former contingently convertible senior subordinate notes was included in the diluted net income per common share using the treasury stock method when the impact of such assumptions was 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 and nine months ended September 30, 2015 and 2014 is as follows (in millions, except per share data):



	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Basic net income per share:
Net income attributable to AGCO Corporation and subsidiaries	$	67.1	$	65.0	$	204.3	$	332.8
Weighted average number of common shares outstanding	86.6		93.5		87.7		94.2
Basic net income per share attributable to AGCO Corporation and subsidiaries	$	0.77	$	0.70	$	2.33	$	3.53
Diluted net income per share:
Net income attributable to AGCO Corporation and subsidiaries	$	67.1	$	65.0	$	204.3	$	332.8
Weighted average number of common shares outstanding	86.6		93.5		87.7		94.2
Dilutive SSARs, performance share awards and restricted stock units	0.1		0.2		0.1		0.3
Weighted average assumed conversion of contingently convertible senior subordinated notes	—		0.1		—		0.7
Weighted average number of common shares and common share equivalents outstanding for purposes of computing diluted net income per share	86.7		93.8		87.8		95.2
Diluted net income per share attributable to AGCO Corporation and subsidiaries	$	0.77	$	0.69	$	2.33	$	3.50

SSARs to purchase approximately 0.9 million shares of the Company’s common stock for the three and nine months ended September 30, 2015 and approximately 1.1 million shares of the Company’s common stock for the three and nine months ended September 30, 2014 were outstanding but not included in the calculation of weighted average common and common equivalent shares outstanding because they had an antidilutive impact.