XML 110 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF NET INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Sales $ 3,108,400 $ 3,624,042 $ 3,617,773
Cost of products sold 2,749,278 3,075,737 2,946,687
Gross profit 359,122 548,305 671,086
Selling, administration & engineering expenses 302,496 314,805 340,963
Gain (Loss) on Disposition of Business (191,571) 0 0
Amortization of intangibles 17,966 14,844 14,056
Gain on sale of land 0 (10,377) 0
Goodwill impairment charges 0 (45,281) 0
Other impairment charges 23,139 43,706 14,763
Restructuring charges 51,102 29,722 35,137
Operating profit 155,990 110,324 266,167
Interest expense, net of interest income (44,113) (41,004) (42,112)
Equity in earnings of affiliates 6,504 6,718 5,519
Loss on refinancing and extinguishment of debt 0 (770) (1,020)
Pension settlement charges (15,819) (775) (6,427)
Other expense, net (4,260) (4,838) (9,380)
Income before income taxes 98,302 69,655 212,747
Income Tax Expense (Benefit) 36,089 (29,400) 71,506
Net income 62,213 99,055 141,241
Net loss (income) attributable to noncontrolling interests 5,316 4,546 (3,270)
Net income attributable to Cooper-Standard Holdings Inc. $ 67,529 $ 103,601 $ 137,971
Earnings per share      
Basic (in dollars per share) $ 3.94 $ 5.79 $ 7.76
Diluted (in dollars per share) $ 3.92 $ 5.66 $ 7.35