Net Income Per Share Attributable to Cooper-Standard Holdings Inc. (Tables)

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Basic and diluted net income per share attributable

A summary of information used to compute basic and diluted net income per share attributable to Cooper-Standard Holdings Inc. is shown below:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2014			2013			2014
Net income attributable to Cooper-Standard Holdings Inc.	$	20,596		$	22,666		$	68,729		$	55,595
Less: 7% Preferred stock dividends (paid or unpaid)	(1,419		)	—			(4,569		)	—
Less: Undistributed earnings allocated to participating securities	(4,033		)	—			(13,101		)	—
Net income available to Cooper-Standard Holdings Inc. common stockholders	$	15,144		$	22,666		$	51,059		$	55,595
Increase (decrease) in fair value of share-based awards	212			(18		)	466			$	—
Diluted net income available to Cooper-Standard Holdings Inc. common stockholders	$	15,356		$	22,648		$	51,525		$	55,595
Basic weighted average shares of common stock outstanding	13,045,575			17,066,067			14,621,535			16,882,229
Dilutive effect of:
Restricted common stock	144,086			169,227			206,588			152,386
Restricted 7% preferred stock	—			—			19,949			—
Warrants	899,420			944,002			800,116			996,840
Options	162,878			236,388			139,655			101,397
Diluted weighted average shares of common stock outstanding	14,251,959			18,415,684			15,787,843			18,132,852
Basic net income per share attributable to Cooper-Standard Holdings Inc.	$	1.16		$	1.33		$	3.49		$	3.29
Diluted net income per share attributable to Cooper-Standard Holdings Inc.	$	1.08		$	1.23		$	3.26		$	3.07

Summary of common stock equivalents excluded from the computation of weighted average diluted shares outstanding

A summary of common stock equivalents excluded from the computation of weighted average diluted shares outstanding is shown below:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2014		2013		2014
Number of options	131,000		161,000		131,000		464,504
Exercise price	$52.25-52.50		$64.74-70.20		$52.25-52.50		$25.52-70.20
Restricted common stock	—		—		—		42,717
7% Preferred stock, as if converted	3,479,719		—		3,751,800		—
7% Preferred stock dividends, undistributed earnings and premium allocated to participating securities that would be added back in the diluted calculation	$	5,460	$	—	$	17,670	$	—