Shareholders Equity

6 Months Ended

Jun. 30, 2011

The following table reconciles the beginning and end of the period equity accounts attributable to Cooper Tire & Rubber Company and to the noncontrolling shareholders’ interests:


				Noncontrolling
	Total			Shareholders'						Redeemable
	Parent			Interests in			Total			Noncontrolling
	Stockholders’			Consolidated			Stockholders’			Shareholders’
	Equity			Subsidiaries			Equity			Interests
Balance at December 31, 2010	$	460,789		$	62,261		$	523,050		$	71,442

Net income		27,197			1,341			28,538			4,386
Other comprehensive income		30,255			1,266			31,521			1,576
Dividends payable to noncontrolling shareholders		—			—			—			(5,731	)
Acquisition of business		—			37,853			37,853			—
Acquisition of noncontrolling shareholder interest		(54,239	)		(62,261	)		(116,500	)		—
Stock compensation plans, including tax benefit of $322		2,514			—			2,514			—
Cash dividends — $.210 per share		(13,048	)		—			(13,048	)		—


Balance at June 30, 2011	$	453,468		$	40,460		$	493,928		$	71,673

The following table provides the details of the Company’s comprehensive income (loss). Comprehensive income (loss) includes net income (loss) and components of other comprehensive income (loss), such as foreign currency translation adjustments, unrealized gains or losses on certain marketable securities and derivative instruments and unrecognized postretirement benefit plans.

The Company’s comprehensive income (loss) is as follows:


	Three months ended June 30					Six months ended June 30
	2010			2011		2010			2011
Net income attributable to Cooper Tire & Rubber Company	$	44,077		$	11,523	$	55,653		$	27,197
Other comprehensive income (loss):
Currency translation adjustments		(584	)		5,153		(5,156	)		17,887
Unrealized net gains (losses) on derivative instruments and marketable securities, net of tax effect		4,031			333		5,393			(2,479	)
Unrecognized postretirement benefit plans, net of tax effect		18,969			8,598		35,635			14,847

Comprehensive income attributable to Cooper Tire & Rubber Company		66,493			25,607		91,525			57,452
Net income attributable to noncontrolling shareholders’ interests		6,094			2,924		11,690			5,727
Other comprehensive income (loss):
Currency translation adjustments		820			1,213		(1,832	)		2,842

Comprehensive income attributable to noncontrolling shareholders’ interests		6,914			4,137		9,858			8,569


Total comprehensive income	$	73,407		$	29,744	$	101,383		$	66,021

- Definition

Disclosures related to accounts comprising shareholders' equity, including other comprehensive income. Includes: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables; effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

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