Net Income (Loss) Per Share Attributable to Lear

9 Months Ended

Oct. 01, 2022

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