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					Six Months Ended
	June 30, 2018			July 1, 2017		June 30, 2018			July 1, 2017
Net income attributable to Lear	$	331.4		$	311.9	$	685.1		$	617.7
Less: Redeemable noncontrolling interest adjustment	(9.2		)	—		(14.6		)	—
Net income available to Lear common stockholders	$	322.2		$	311.9	$	670.5		$	617.7

Average common shares outstanding	66,320,362			68,903,958		66,701,228			69,281,163
Dilutive effect of common stock equivalents	387,678			544,840		431,658			606,910
Average diluted shares outstanding	66,708,040			69,448,798		67,132,886			69,888,073

Basic net income per share available to Lear common stockholders	$	4.86		$	4.53	$	10.05		$	8.92

Diluted net income per share available to Lear common stockholders	$	4.83		$	4.49	$	9.99		$	8.84

For further information related to the redeemable noncontrolling interest adjustment, see Note 13, "Comprehensive Income and Equity."