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Net Income Per Common Share
 9 Months Ended
Sep. 30, 2012
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 exercise of outstanding SSARs, vesting of performance share awards, vesting of restricted stock and the appreciation of the excess conversion value of the contingently convertible senior subordinated notes using the treasury stock method when the effects of such assumptions are dilutive. Dilution of weighted shares outstanding will depend on the Company’s stock price for the excess conversion value of the convertible senior subordinated notes using the treasury stock method. 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, 2012 and 2011 is as follows (in millions, except per share data):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2012
 
2011
 
2012
 
2011
Basic net income per share:
 

 
 

 
 

 
 

Net income attributable to AGCO Corporation and subsidiaries
$
94.5

 
$
84.4

 
$
419.6

 
$
298.1

Weighted average number of common shares outstanding
97.0

 
96.4

 
97.1

 
95.1

Basic net income per share attributable to AGCO Corporation and subsidiaries
$
0.97

 
$
0.88

 
$
4.32

 
$
3.13

Diluted net income per share:
 

 
 

 
 

 
 

Net income attributable to AGCO Corporation and subsidiaries
$
94.5

 
$
84.4

 
$
419.6

 
$
298.1

Weighted average number of common shares outstanding
97.0

 
96.4

 
97.1

 
95.1

Dilutive SSARs, performance share awards and restricted stock awards
1.0

 
0.2

 
1.0

 
0.3

Weighted average assumed conversion of contingently convertible senior subordinated notes
0.4

 
0.3

 
0.5

 
2.5

Weighted average number of common shares and common share equivalents outstanding for purposes of computing diluted net income per share
98.4

 
96.9

 
98.6

 
97.9

Diluted net income per share attributable to AGCO Corporation and subsidiaries
$
0.96

 
$
0.87

 
$
4.25

 
$
3.04



SSARs to purchase approximately 0.6 million shares of the Company’s common stock for the three and nine months ended September 30, 2012 and approximately 0.3 million shares of the Company’s common stock for the three and nine months ended September 30, 2011 were outstanding but not included in the calculation of weighted average common and common equivalent shares outstanding because they had an antidilutive impact.