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Net Income Per Share Attributable to Lear
 3 Months Ended
Mar. 29, 2014
Earnings Per Share [Abstract]  
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 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  
     March 29,
2014		      March 30,
2013		  

Net income attributable to Lear

    $ 122.0       $ 108.5   
  

 

 

     

 

 

  

Average common shares outstanding

      81,075,811         94,816,752   

Dilutive effect of common stock equivalents

      1,685,786         1,054,352   
  

 

 

     

 

 

  

Average diluted shares outstanding

      82,761,597         95,871,104   
  

 

 

     

 

 

  

Basic net income per share attributable to Lear

    $ 1.50       $ 1.14   
  

 

 

     

 

 

  

Diluted net income per share attributable to Lear

    $ 1.47       $ 1.13