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Net Income (Loss) Per Share Attributable to Lear | 9 Months Ended
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Oct. 02, 2021
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share Attributable to Lear | Net Income (Loss) Per Share Attributable to Lear Basic net income (loss) per share available to Lear common stockholders is computed using the two-class method by dividing net income (loss) available 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 (loss) 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 available to Lear 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. The computation of diluted net loss per share available to Lear common stockholders excludes the effect of common stock equivalents as such effect would be anti-dilutive. A summary of information used to compute basic and diluted net income (loss) per share available to Lear common stockholders is shown below (in millions, except share and per share data):
| Three Months Ended |  | Nine Months Ended
| October 2, 2021 |  | October 3, 2020 |  | October 2, 2021 |  | October 3, 2020
Net income (loss) available to Lear | $ | (26.5) |  |  | $ | 174.4 |  |  | $ | 352.4 |  |  | $ | (43.1) |
Average common shares outstanding | 59,906,531 |  |  | 60,159,356 |  |  | 60,171,402 |  |  | 60,260,886 |
Dilutive effect of common stock equivalents | — |  |  | 171,585 |  |  | 291,999 |  |  | — |
Average diluted shares outstanding | 59,906,531 |  |  | 60,330,941 |  |  | 60,463,401 |  |  | 60,260,886 |
Basic net income (loss) per share available to Lear common stockholders | $ | (0.44) |  |  | $ | 2.90 |  |  | $ | 5.86 |  |  | $ | (0.72) |
Diluted net income (loss) per share available to Lear common stockholders | $ | (0.44) |  |  | $ | 2.89 |  |  | $ | 5.83 |  |  | $ | (0.72) |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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