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Net Income Per Share Attributable to Cooper-Standard Holdings Inc.
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Net Income Per Share Attributable to Cooper-Standard Holdings Inc.
Net Income Per Share Attributable to Cooper-Standard Holdings Inc.
Basic net income per share attributable to Cooper-Standard Holdings Inc. was computed by dividing net income attributable to Cooper-Standard Holdings Inc. by the weighted average number of shares of common stock outstanding during the period. Diluted net income per share attributable to Cooper-Standard Holdings Inc. was computed using the treasury stock method by dividing diluted net income available to Cooper-Standard Holdings Inc. by the weighted average number of shares of common stock outstanding, including the dilutive effect of common stock equivalents, using the average share price during the period.
A summary of information used to compute basic and diluted net income per share attributable to Cooper-Standard Holdings Inc. is shown below:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Net income attributable to Cooper-Standard Holdings Inc.
$
36,362

 
$
32,732

 
$
107,874

 
$
90,215

Increase (decrease) in fair value of share-based awards
37

 
(17
)
 
49

 
—

Diluted net income available to Cooper-Standard Holdings Inc. common stockholders
$
36,399

 
$
32,715

 
$
107,923

 
$
90,215

 
 
 
 
 
 
 
 
Basic weighted average shares of common stock outstanding
17,469,156

 
17,294,155

 
17,388,541

 
17,137,331

Dilutive effect of common stock equivalents
1,291,507

 
1,135,858

 
1,315,037

 
1,190,579

Diluted weighted average shares of common stock outstanding
18,760,663

 
18,430,013

 
18,703,578

 
18,327,910

 
 
 
 
 
 
 
 
Basic net income per share attributable to Cooper-Standard Holdings Inc.
$
2.08

 
$
1.89

 
$
6.20

 
$
5.26

 
 
 
 
 
 
 
 
Diluted net income per share attributable to Cooper-Standard Holdings Inc.
$
1.94

 
$
1.78

 
$
5.77

 
$
4.92


The effect of certain common share equivalents was excluded from the computation of weighted average diluted shares outstanding as inclusion would have been antidilutive. A summary of common stock equivalents excluded from the computation of weighted average diluted shares outstanding is shown below:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
Number of options
—

 
145,900

 
—

 
145,900

Exercise price
—

 
$64.74-70.20

 
—

 
$64.74-70.20