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
	July 1, 2017		July 2, 2016		July 1, 2017		July 2, 2016
Net income attributable to Lear	$	311.9	$	282.4	$	617.7	$	530.8

Average common shares outstanding	68,903,958		73,322,857		69,281,163		74,013,593
Dilutive effect of common stock equivalents	544,840		541,600		606,910		664,554
Average diluted shares outstanding	69,448,798		73,864,457		69,888,073		74,678,147

Basic net income per share attributable to Lear	$	4.53	$	3.85	$	8.92	$	7.17

Diluted net income per share attributable to Lear	$	4.49	$	3.82	$	8.84	$	7.11