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Net Income Per Share Attributable to Lear
 9 Months Ended
Oct. 01, 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
 
Nine Months Ended
 
October 1,
2016
 
September 26,
2015
 
October 1,
2016
 
September 26,
2015
Net income attributable to Lear
$
214.4

 
$
181.0

 
$
745.2

 
$
510.2

 
 
 
 
 
 
 
 
Average common shares outstanding
71,259,766

 
76,259,209

 
73,102,327

 
77,315,584

Dilutive effect of common stock equivalents
792,504

 
1,156,893

 
706,893

 
861,847

Average diluted shares outstanding
72,052,270

 
77,416,102

 
73,809,220

 
78,177,431

 
 
 
 
 
 
 
 
Basic net income per share attributable to Lear
$
3.01

 
$
2.37

 
$
10.19

 
$
6.60

 
 
 
 
 
 
 
 
Diluted net income per share attributable to Lear
$
2.98

 
$
2.34

 
$
10.10

 
$
6.53