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Net Income (Loss) Per Share Attributable to Lear | 9 Months Ended
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Oct. 01, 2022
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 attributable to Lear is computed by dividing net income (loss) 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 (loss) 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. The computation of diluted net loss per share attributable to Lear 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 attributable to Lear is shown below (in millions, except share and per share data):
| Three Months Ended |  | Nine Months Ended
| October 1, 2022 |  | October 2, 2021 |  | October 1, 2022 |  | October 2, 2021
Net income (loss) attributable to Lear | $ | 92.3 |  |  | $ | (26.5) |  |  | $ | 210.2 |  |  | $ | 352.4 |
Average common shares outstanding | 59,551,765 |  |  | 59,906,531 |  |  | 59,794,788 |  |  | 60,171,402 |
Dilutive effect of common stock equivalents | 234,095 |  |  | — |  |  | 236,696 |  |  | 291,999 |
Average diluted shares outstanding | 59,785,860 |  |  | 59,906,531 |  |  | 60,031,484 |  |  | 60,463,401 |
Basic net income (loss) per share attributable to Lear | $ | 1.55 |  |  | $ | (0.44) |  |  | $ | 3.52 |  |  | $ | 5.86 |
Diluted net income (loss) per share attributable to Lear | $ | 1.54 |  |  | $ | (0.44) |  |  | $ | 3.50 |  |  | $ | 5.83 |

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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 https://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 https://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 https://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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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