Earnings Per Share

6 Months Ended

Jun. 30, 2016

2.	Earnings Per Share

Basic earnings 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,
	2016		2015		2016		2015
Numerator
Numerator for basic and diluted earnings per share - Net income attributable to common stockholders	$	70,749	$	59,582	$	129,754	$	100,343

Denominator
Denominator for basic earnings per share - weighted average shares outstanding		55,020		57,244		55,280		57,658

Effect of dilutive securities - stock options and other stock units		582		534		572		633

Denominator for diluted earnings per share - adjusted weighted average shares outstanding		55,602		57,778		55,852		58,291

Basic earnings per share:
Net income attributable to Cooper Tire & Rubber Company common stockholders	$	1.29	$	1.04	$	2.35	$	1.74

Diluted earnings per share:
Net income attributable to Cooper Tire & Rubber Company common stockholders	$	1.27	$	1.03	$	2.32	$	1.72

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 at both June 30, 2016 and 2015.