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Net Income Per Share Attributable to Lear
 3 Months Ended
Apr. 02, 2016
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
 
April 2,
2016
 
March 28,
2015
Net income attributable to Lear
$
248.4

 
$
147.3

 
 
 
 
Average common shares outstanding
74,689,475

 
78,250,590

Dilutive effect of common stock equivalents
784,864

 
829,008

Average diluted shares outstanding
75,474,339

 
79,079,598

 
 
 
 
Basic net income per share attributable to Lear
$
3.33

 
$
1.88

 
 
 
 
Diluted net income per share attributable to Lear
$
3.29

 
$
1.86