XML 12 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Net sales $ 720,753 $ 740,294 $ 1,363,778 $ 1,390,069
Cost of products sold 589,913 560,625 1,123,021 1,059,971
Gross profit 130,840 179,669 240,757 330,098
Selling, general and administrative expense 56,008 69,753 117,255 129,078
Operating profit 74,832 109,916 123,502 201,020
Interest expense (8,210) (6,286) (16,037) (12,921)
Interest income 1,755 948 3,557 1,888
Other non-operating (expense) income (255) 1,427 (491) 2,888
Income before income taxes 68,122 106,005 110,531 192,875
Provision for income taxes 22,298 34,654 35,325 62,752
Net income 45,824 71,351 75,206 130,123
Net income (loss) attributable to noncontrolling shareholders' interests 514 602 (666) 369
Net income attributable to Cooper Tire & Rubber Company $ 45,310 $ 70,749 $ 75,872 $ 129,754
Earnings per share:        
Basic (in dollars per share) $ 0.86 $ 1.29 $ 1.44 $ 2.35
Diluted (in dollars per share) 0.85 1.27 1.42 2.32
Cash dividends declared per share (in dollars per share) $ 0.105 $ 0.105 $ 0.210 $ 0.21