Net Income Per Share Attributable to Lear

6 Months Ended

Jun. 28, 2014

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				Six Months Ended
	June 28, 2014		June 29, 2013		June 28, 2014		June 29, 2013

Net income attributable to Lear	$	148.5	$	137.3	$	270.5	$	245.8


Average common shares outstanding		80,920,465		84,517,205		80,996,837		89,609,759
Dilutive effect of common stock equivalents		1,020,307		1,033,769		1,347,469		1,043,946

Average diluted shares outstanding		81,940,772		85,550,974		82,344,306		90,653,705


Basic net income per share attributable to Lear	$	1.84	$	1.62	$	3.34	$	2.74


Diluted net income per share attributable to Lear	$	1.81	$	1.60	$	3.28	$	2.71

- Definition

The entire disclosure for earnings per share.

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