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 29, 2018			September 30, 2017			September 29, 2018			September 30, 2017
Net income attributable to Lear	$	252.5		$	295.2		$	937.6		$	912.9
Less: Redeemable noncontrolling interest adjustment	(2.3		)	(22.7		)	(16.9		)	(22.7		)
Net income available to Lear common stockholders	$	250.2		$	272.5		$	920.7		$	890.2

Average common shares outstanding	65,372,829			68,061,718			66,256,800			68,874,682
Dilutive effect of common stock equivalents	495,831			772,561			453,128			662,126
Average diluted shares outstanding	65,868,660			68,834,279			66,709,928			69,536,808

Basic net income per share available to Lear common stockholders	$	3.83		$	4.00		$	13.90		$	12.92

Diluted net income per share available to Lear common stockholders	$	3.80		$	3.96		$	13.80		$	12.80

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