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Net Income Per Share Attributable to Lear
 9 Months Ended
Sep. 28, 2019
Earnings Per Share [Abstract]  
Net Income Per Share Attributable to Lear 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 28,
2019
 
September 29,
2018
 
September 28,
2019
 
September 29,
2018
Net income attributable to Lear
$
215.9

 
$
252.5

 
$
627.6

 
$
937.6

Redeemable noncontrolling interest adjustment
3.6

 
(2.3
)
 
9.4

 
(16.9
)
Net income available to Lear common stockholders
$
219.5

 
$
250.2

 
$
637.0

 
$
920.7

 
 
 
 
 
 
 
 
Average common shares outstanding
61,133,723

 
65,372,829

 
62,042,156

 
66,256,800

Dilutive effect of common stock equivalents
196,363

 
495,831

 
220,747

 
453,128

Average diluted shares outstanding
61,330,086

 
65,868,660

 
62,262,903

 
66,709,928

 
 
 
 
 
 
 
 
Basic net income per share available to Lear common stockholders
$
3.59

 
$
3.83

 
$
10.27

 
$
13.90

 
 
 
 
 
 
 
 
Diluted net income per share available to Lear common stockholders
$
3.58

 
$
3.80

 
$
10.23

 
$
13.80


For further information related to the redeemable noncontrolling interest adjustment, see Note 16, "Comprehensive Income and Equity."