Net Income (Loss) Per Share Attributable to Lear

9 Months Ended

Oct. 02, 2021

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)