Earnings Per Share

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Basic earnings per share is computed on the basis of the weighted average number of common shares outstanding during the period. Diluted earnings per share includes the dilutive effect of stock options and other stock units. The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended March 31,
	2017		2016
Numerator
Numerator for basic and diluted earnings per share - Net income attributable to Cooper Tire & Rubber Company common stockholders	$	30,561	$	59,005
Denominator
Denominator for basic earnings per share - weighted average shares outstanding	52,835		55,535
Effect of dilutive securities - stock options and other stock units	587		597
Denominator for diluted earnings per share - adjusted weighted average shares outstanding	53,422		56,132
Basic earnings per share:
Net income attributable to Cooper Tire & Rubber Company common stockholders	$	0.58	$	1.06
Diluted earnings per share:
Net income attributable to Cooper Tire & Rubber Company common stockholders	$	0.57	$	1.05

All options to purchase shares of the Company’s common stock were included in the computation of diluted earnings per share as the options’ exercise prices were less than the average market price of the common shares at both March 31, 2017 and 2016.