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Net Income Per Share Attributable to Lear
 6 Months Ended
Jun. 27, 2015
Earnings Per Share [Abstract]  
Net Income Per Share Attributable to Lear
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 27,
2015
 
June 28,
2014
 
June 27,
2015
 
June 28,
2014
Net income attributable to Lear
$
181.9

 
$
148.5

 
$
329.2

 
$
270.5

 
 
 
 
 
 
 
 
Average common shares outstanding
77,478,053

 
80,920,465

 
77,855,641

 
80,996,837

Dilutive effect of common stock equivalents
598,194

 
1,020,307

 
711,008

 
1,347,469

Average diluted shares outstanding
78,076,247

 
81,940,772

 
78,566,649

 
82,344,306

 
 
 
 
 
 
 
 
Basic net income per share attributable to Lear
$
2.35

 
$
1.84

 
$
4.23

 
$
3.34

 
 
 
 
 
 
 
 
Diluted net income per share attributable to Lear
$
2.33

 
$
1.81

 
$
4.19

 
$
3.28