Earnings Per Share

6 Months Ended

Jun. 30, 2015

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
	2014		2015		2014		2015
Numerator
Numerator for basic and diluted earnings per share - Net income attributable to common stockholders	$	38,182	$	59,582	$	83,616	$	100,343

Denominator
Denominator for basic earnings per share - weighted average shares outstanding		63,537		57,244		63,468		57,658
Effect of dilutive securities - stock options and other stock units		944		534		942		633

Denominator for diluted earnings per share - adjusted weighted average shares outstanding		64,481		57,778		64,410		58,291

Basic earnings per share:
Net income attributable to Cooper Tire & Rubber Company common stockholders	$	0.60	$	1.04	$	1.32	$	1.74

Diluted earnings per share:
Net income attributable to Cooper Tire & Rubber Company common stockholders	$	0.59	$	1.03	$	1.30	$	1.72

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 340,841 in 2014. For 2015, 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.