Net Income Per Share Attributable to Lear

3 Months Ended

Apr. 03, 2021

Net Income Per Share Attributable to Lear

Basic net income per share available to Lear common stockholders is computed using the two-class method by dividing net income available 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 available to Lear common stockholders.

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

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


	Three Months Ended
	April 3, 2021		April 4, 2020
Net income available to Lear	$	203.7	$	76.4

Average common shares outstanding	60,312,573		60,509,450
Dilutive effect of common stock equivalents	248,286		169,140
Average diluted shares outstanding	60,560,859		60,678,590

Basic net income per share available to Lear common stockholders	$	3.38	$	1.26

Diluted net income per share available to Lear common stockholders	$	3.36	$	1.26