Earnings per Share ("EPS")

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 12. Earnings per Share (“EPS”)

Basic earnings per share is calculated by dividing the net income attributable to Tower International, Inc. by the weighted average number of common shares outstanding.

The share count for diluted earnings per share is computed on the basis of the weighted average number of common shares outstanding plus the effects of dilutive common stock equivalents (“CSEs”) outstanding during the period.  CSEs, which are securities that may entitle the holder to obtain common stock, include outstanding stock options and restricted stock units.  When the average price of the common stock during the period exceeds the exercise price of a stock option, the options are considered potentially dilutive CSEs.  When there is a loss from continuing operations, potentially dilutive shares are excluded from the computation of earnings per share, as their effect would be anti-dilutive.

The Company included the effects of all dilutive shares for the three months ended March 31, 2014. As the average price of the common stock during the three months ended March 31, 2013 did not exceed the exercise price of certain stock options, the Company excluded 0.9 million of potentially anti-dilutive shares for the three months ended March 31, 2013.

A summary of the information used to compute basic and diluted net income per share attributable to Tower International, Inc. is shown below (in thousands – except share and per share amounts):

	Three Months Ended March 31,
	2014		2013
Net income	$	15,278	$	4,534
Less: Net income attributable to the noncontrolling interests		423		1,986
Net income attributable to Tower International, Inc.	$	14,855	$	2,548
Weighted average common shares outstanding
Basic		20,513,183		20,261,259
Dilluted		21,263,163		20,593,045
Net income per share attributable to Tower International, Inc.
Basic	$	0.72	$	0.13
Dilluted		0.70		0.12