Earnings Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share

3. Earnings Per Share

Net income 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 June 30				Six months ended June 30
	2012		2013		2012		2013
Numerator
Numerator for basic and diluted earnings per share -
Net income attributable to common stockholders	$	51,746	$	35,486	$	73,314	$	91,566
Denominator
Denominator for basic earnings per share - weighted average shares outstanding		62,342		63,342		62,326		63,284
Effect of dilutive securities - stock options and other stock units		544		800		599		879
Denominator for diluted earnings per share - adjusted weighted average shares outstanding		62,886		64,142		62,925		64,163
Basic earnings per share:
Net income attributable to Cooper Tire & Rubber Company common stockholders	$	0.83	$	0.56	$	1.18	$	1.45
Diluted earnings per share:
Net income attributable to Cooper Tire & Rubber Company common stockholders	$	0.82	$	0.55	$	1.17	$	1.43

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 878,007 and none at June 30, 2012 and 2013, respectively.