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Quarterly Financial Data | 12 Months Ended
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Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data | (14) Quarterly Financial Data (unaudited) (In millions, except per share data)
|  | Thirteen Weeks Ended |
|  | March 30, 2013 |  |  | June 29, 2013 |  |  | September 28, 2013 |  |  | December 31, 2013 |
Net sales |  | $ | 3,947.1 |  |  | $ | 4,113.1 |  |  | $ | 3,917.7 |  |  | $ | 4,256.1 |
Gross profit |  |  | 312.4 |  |  |  | 337.7 |  |  |  | 330.2 |  |  |  | 319.4 |
Consolidated net income |  |  | 116.9 |  |  |  | 142.3 |  |  |  | 116.7 |  |  |  | 79.9 |
Net income attributable to Lear |  |  | 108.5 |  |  |  | 137.3 |  |  |  | 112.8 |  |  |  | 72.8 |
Basic net income per share attributable to Lear |  |  | 1.14 |  |  |  | 1.62 |  |  |  | 1.40 |  |  |  | 0.90 |
Diluted net income per share attributable to Lear |  |  | 1.13 |  |  |  | 1.60 |  |  |  | 1.38 |  |  |  | 0.88 |
In the second and fourth quarters of 2013, the Company recognized $21.5 million of net tax benefits and $16.0 million of net tax expense, respectively, primarily related to changes in valuation allowances with respect to its deferred tax assets in certain foreign subsidiaries and various other items.
|  | Thirteen Weeks Ended |
|  | March 31, 2012 |  |  | June 30, 2012 |  |  | September 29, 2012 |  |  | December 31, 2012 |
Net sales |  | $ | 3,644.0 |  |  | $ | 3,665.0 |  |  | $ | 3,538.6 |  |  | $ | 3,719.4 |
Gross profit |  |  | 309.8 |  |  |  | 314.6 |  |  |  | 291.3 |  |  |  | 301.8 |
Consolidated net income |  |  | 144.4 |  |  |  | 154.6 |  |  |  | 128.1 |  |  |  | 890.1 |
Net income attributable to Lear |  |  | 134.1 |  |  |  | 145.4 |  |  |  | 121.4 |  |  |  | 881.9 |
Basic net income per share attributable to Lear |  |  | 1.34 |  |  |  | 1.47 |  |  |  | 1.25 |  |  |  | 9.12 |
Diluted net income per share attributable to Lear |  |  | 1.32 |  |  |  | 1.45 |  |  |  | 1.23 |  |  |  | 9.00 |
In the fourth quarter of 2012, the Company recognized $30.1 million of insurance recoveries, net of losses and incremental costs, related to the destruction of assets caused by a fire at one of its European production facilities. The Company also recognized $766.9 million of net tax benefits, primarily related to the reversal of a valuation allowance with respect to its deferred tax assets in the United States, as well as changes in valuation allowances in certain foreign subsidiaries, reductions in tax reserves due to audit settlements and various other items. For further information, see Note 7, “Income Taxes,” and Note 11, “Commitments and Contingencies,” to the consolidated financial statements included in this Report.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=25249566&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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