Net Income Per Share Attributable to Lear

Basic net income per share available to Lear common stockholders is computed using the two-class method by dividing net income attributable to Lear, after deducting the redemption adjustment related to the redeemable noncontrolling interest, 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 available to Lear common stockholders.

Diluted net income per share available to Lear common stockholders is computed using the two-class method by dividing net income attributable to Lear, after deducting the redemption adjustment related to the redeemable noncontrolling interest, by the average number of common shares outstanding, including the dilutive effect of common stock equivalents computed using the treasury stock method and the average share price during the period.

A summary of information used to compute basic and diluted net income per share available to Lear common stockholders is shown below (in millions, except share and per share data):



	Three Months Ended					Nine Months Ended
	September 30, 2017			October 1, 2016		September 30, 2017			October 1, 2016
Net income attributable to Lear	$	295.2		$	214.4	$	912.9		$	745.2
Less: Redeemable noncontrolling interest adjustment	(22.7		)	—		(22.7		)	—
Net income available to Lear common stockholders	$	272.5		$	214.4	$	890.2		$	745.2

Average common shares outstanding	68,061,718			71,259,766		68,874,682			73,102,327
Dilutive effect of common stock equivalents	772,561			792,504		662,126			706,893
Average diluted shares outstanding	68,834,279			72,052,270		69,536,808			73,809,220

Basic net income per share available to Lear common stockholders	$	4.00		$	3.01	$	12.92		$	10.19

Diluted net income per share available to Lear common stockholders	$	3.96		$	2.98	$	12.80		$	10.10

For further information related to the redeemable noncontrolling interest adjustment, see Note 6, "Long-Term Assets."