Net Income Per Common Share

3 Months Ended

Mar. 31, 2021

NET INCOME PER COMMON SHARE

Basic net income per common share is computed by dividing net income by the weighted average number of common shares outstanding during each period. Diluted net income per common share assumes the exercise of outstanding SSARs and the vesting of performance share awards and RSUs using the treasury stock method when the effects of such assumptions are dilutive.

A reconciliation of net income attributable to AGCO Corporation and 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, 2021 and 2020 is as follows (in millions, except per share data):


	Three Months Ended March 31,
	2021		2020
Basic net income per share:
Net income attributable to AGCO Corporation and subsidiaries	$	150.8	$	64.7
Weighted average number of common shares outstanding	75.3		75.3
Basic net income per share attributable to AGCO Corporation and subsidiaries	$	2.00	$	0.86
Diluted net income per share:
Net income attributable to AGCO Corporation and subsidiaries	$	150.8	$	64.7
Weighted average number of common shares outstanding	75.3		75.3
Dilutive SSARs, performance share awards and RSUs	0.6		0.6
Weighted average number of common shares and common share equivalents outstanding for purposes of computing diluted net income per share	75.9		75.9
Diluted net income per share attributable to AGCO Corporation and subsidiaries	$	1.99	$	0.85

There were no SSARs outstanding for the three months ended March 31, 2021 that had an antidilutive impact. SSARs to purchase approximately 0.7 million shares of the Company's common stock for the three months ended March 31, 2020 were outstanding but not included in the calculation of weighted average common and common equivalent shares outstanding because they had an antidilutive impact.