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Net Income Per Share Attributable to Lear
 9 Months Ended
Sep. 28, 2013
Net Income Per Share Attributable to Lear

(11) 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, such as those shares contemplated as part of the Company’s emergence from Chapter 11 bankruptcy proceedings, 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 data):

 

     Three Months Ended      Nine Months Ended  
     September 28,
2013		      September 29,
2012		      September 28,
2013		      September 29,
2012		  

Net income attributable to Lear

    $ 112.8       $ 121.4       $ 358.6       $ 400.9   
  

 

 

     

 

 

     

 

 

     

 

 

  

Average common shares outstanding

      80,674,338         97,482,353         86,609,304         98,975,335   

Dilutive effect of common stock equivalents

      1,079,825         1,382,520         1,041,134         1,493,131   
  

 

 

     

 

 

     

 

 

     

 

 

  

Average diluted shares outstanding

      81,754,163         98,864,873         87,650,438         100,468,466   
  

 

 

     

 

 

     

 

 

     

 

 

  

Basic net income per share attributable to Lear

    $ 1.40       $ 1.25       $ 4.14       $ 4.05   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted net income per share attributable to Lear

    $ 1.38       $ 1.23       $ 4.09       $ 3.99