XML 80 R45.htm IDEA: XBRL DOCUMENT v2.4.1.9
Net Income Per Share Attributable to Cooper-Standard Holdings Inc. (Tables)
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Basic and Diluted Net Income Per Share Attributable
A summary of information used to compute basic and diluted net income per share attributable to Cooper-Standard Holdings Inc. is shown below:
 
Year Ended December 31,
 
2012
 
2013
 
2014
Net income attributable to Cooper-Standard Holdings Inc.
$
102,804

 
$
47,941

 
$
42,779

Less: 7% Preferred stock dividends (paid or unpaid)
(6,764
)
 
(5,163
)
 

Less: Premium paid for redemption of 7% preferred stock
(1,376
)
 

 

Less: Undistributed earnings allocated to participating securities
(17,934
)
 
(7,724
)
 

Basic net income available to Cooper-Standard Holdings Inc.common stockholders
$
76,730

 
$
35,054

 
$
42,779

Increase in fair value of share-based awards

 
205

 

Diluted net income available to Cooper-Standard Holdings Inc.common stockholders
$
76,730

 
$
35,259

 
$
42,779

 
 
 
 
 
 
Basic weighted average shares of common stock outstanding
17,444,980

 
14,679,369

 
16,695,356

Dilutive effect of:
 
 
 
 
 
Restricted common stock
260,150

 
199,083

 
154,707

Restricted 7% preferred stock
42,888

 
16,374

 

Warrants
666,546

 
832,353

 
950,263

Options
106,121

 
10,385

 
95,763

Diluted weighted average shares of common stock outstanding
18,520,685

 
15,737,564

 
17,896,089

 
 
 
 
 
 
Basic net income per share attributable to Cooper-Standard Holdings Inc.
$
4.40

 
$
2.39

 
$
2.56

 
 
 
 
 
 
Diluted net income per share attributable to Cooper-Standard Holdings Inc.
$
4.14

 
$
2.24

 
$
2.39

Preferred Shares (as if Converted) and Options
A summary of these 7% preferred shares (as if converted) and options are shown below:
 
Year Ended December 31,
 
2012
 
2013
 
2014
Number of options
519,100

 
537,543

 
461,454

Exercise price
$43.50-52.50

 
$25.52-52.50

 
$25.52-70.20

Restricted common stock

 

 
14,306

7% Preferred stock, as if converted
4,077,284

 
3,234,449

 

7% Preferred stock dividends, undistributed earnings and premium allocated to participating securities that would be added back in the diluted calculation
$
26,074

 
$
12,887

 
$