Net Income Per Share Attributable to Lear

6 Months Ended

Jun. 29, 2013

Net Income Per Share Attributable to Lear

(11) 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, such as those shares contemplated as part of the Company’s emergence from Chapter 11 bankruptcy proceedings, 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 data):

	Three Months Ended				Six Months Ended
	June 29, 2013		June 30, 2012		June 29, 2013		June 30, 2012
Net income attributable to Lear	$	137.3	$	145.4	$	245.8	$	279.5
Average common shares outstanding		84,517,205		99,127,883		89,609,759		99,721,827
Dilutive effect of common stock equivalents		1,033,769		1,483,916		1,043,946		1,548,999
Average diluted shares outstanding		85,550,974		100,611,799		90,653,705		101,270,826
Basic net income per share attributable to Lear	$	1.62	$	1.47	$	2.74	$	2.80
Diluted net income per share attributable to Lear	$	1.60	$	1.45	$	2.71	$	2.76