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Net Income Per Share Attributable to Lear
6 Months Ended
Jul. 02, 2022
Earnings Per Share [Abstract]  
Net Income Per Share Attributable to Lear Net Income Per Share Attributable to Lear
Basic net income per share attributable to Lear is computed by dividing net income attributable 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 per share attributable to Lear.
Diluted net income per share attributable to Lear is computed using the treasury stock method by dividing net income attributable to Lear by the average number of common shares outstanding, including the dilutive effect of common stock equivalents using the average share price during the period.
A summary of information used to compute basic and diluted net income per share attributable to Lear is shown below (in millions, except share and per share data):
 Three Months EndedSix Months Ended
 July 2,
2022
July 3,
2021
July 2,
2022
July 3,
2021
Net income attributable to Lear$68.5 $175.2 $117.9 $378.9 
Average common shares outstanding59,899,061 60,292,000 59,915,636 60,302,398 
Dilutive effect of common stock equivalents196,580 319,505 237,989 283,509 
Average diluted shares outstanding60,095,641 60,611,505 60,153,625 60,585,907 
Basic net income per share attributable to Lear$1.14 $2.91 $1.97 $6.28 
Diluted net income per share attributable to Lear$1.14 $2.89 $1.96 $6.25