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Earnings Per Share
6 Months Ended
Jun. 30, 2011
Earnings Per Share [Abstract]  
Earnings per share
Earnings Per Share
3.   Net income per share is computed on the basis of the weighted average number of common shares outstanding each year. Diluted earnings per share from continuing operations 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 June 30     Six months ended June 30  
    2010     2011     2010     2011  
Numerator
                               
Numerator for basic and diluted earnings per share — income from continuing operations available to common stockholders
  $ 18,951     $ 11,523     $ 31,287     $ 27,197  
 
                       
 
                               
Denominator
                               
Denominator for basic earnings per share — weighted average shares outstanding
    61,292       62,196       61,104       62,024  
 
                               
Effect of dilutive securities — stock options and other stock units
    1,317       1,012       1,349       1,172  
 
                       
 
                               
Denominator for diluted earnings per share — adjusted weighted average shares outstanding
    62,609       63,208       62,453       63,196  
 
                       
 
                               
Basic earnings per share:
                               
Income from continuing operations
  $ 0.31     $ 0.19     $ 0.51     $ 0.44  
Income from discontinued operations, net of income taxes
    0.41             0.40        
 
                       
Net income attributable to Cooper Tire & Rubber Company common stockholders
  $ 0.72     $ 0.19     $ 0.91     $ 0.44  
 
                       
 
                               
Diluted earnings per share:
                               
Income from continuing operations
  $ 0.30     $ 0.18     $ 0.50     $ 0.43  
Income from discontinued operations, net of income taxes
    0.40             0.39        
 
                       
Net income attributable to Cooper Tire & Rubber Company common stockholders
  $ 0.70     $ 0.18     $ 0.89     $ 0.43  
 
                       
    Options to purchase shares of the Company’s common stock not included in the computation of diluted earnings per share because the options’ exercise prices were greater than the average market price of the common shares were 458 and 443 at June 30, 2011 and 2010, respectively.