Net Income Per Share Attributable to Lear

9 Months Ended

Sep. 27, 2014

Earnings Per Share [Abstract]

Net Income Per Share Attributable to Lear

Net Income Per Share Attributable to Lear

Basic net income per share attributable to Lear is computed by dividing net income attributable to Lear by the average number of common shares outstanding during the period. Common shares issuable upon the satisfaction of certain conditions pursuant to a contractual agreement are considered common shares outstanding and are included in the computation of basic net income per share attributable to Lear.

Diluted net income per share attributable to Lear is computed using the treasury stock method by dividing net income attributable to Lear by the average number of common shares outstanding, including the dilutive effect of common stock equivalents using the average share price during the period.

A summary of information used to compute basic and diluted net income per share attributable to Lear is shown below (in millions, except share and per share data):

	Three Months Ended				Nine Months Ended
	September 27, 2014		September 28, 2013		September 27, 2014		September 28, 2013
Net income attributable to Lear	$	140.1	$	112.8	$	410.6	$	358.6
Average common shares outstanding	79,974,811		80,674,338		80,652,376		86,609,304
Dilutive effect of common stock equivalents	1,428,414		1,079,825		1,374,751		1,041,134
Average diluted shares outstanding	81,403,225		81,754,163		82,027,127		87,650,438
Basic net income per share attributable to Lear	$	1.75	$	1.40	$	5.09	$	4.14
Diluted net income per share attributable to Lear	$	1.72	$	1.38	$	5.01	$	4.09