Net Income Per Share Attributable to Cooper-Standard Holdings Inc.

12 Months Ended

Dec. 31, 2016

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:



	Year Ended December 31,
	2016		2015		2014
Net income attributable to Cooper-Standard Holdings Inc.	$	138,988	$	111,880	$	42,779
Increase in fair value of share-based awards	63		48		—
Diluted net income available to Cooper-Standard Holdings Inc. common stockholders	$	139,051	$	111,928	$	42,779

Basic weighted average shares of common stock outstanding	17,459,710		17,212,607		16,695,356
Dilutive effect of common stock equivalents	1,270,668		1,202,387		1,200,733
Diluted weighted average shares of common stock outstanding	18,730,378		18,414,994		17,896,089

Basic net income per share attributable to Cooper-Standard Holdings Inc.	$	7.96	$	6.50	$	2.56

Diluted net income per share attributable to Cooper-Standard Holdings Inc.	$	7.42	$	6.08	$	2.39

The effect of certain common stock equivalents were excluded from the computation of weighted average diluted shares outstanding for years ended December 31, 2016, 2015 and 2014, as inclusion would have resulted in antidilution. A summary of these excluded shares is shown below:



	Year Ended December 31,
	2016	2015	2014
Number of options	—	—	461,454
Exercise price	—	—	$25.52-70.20
Restricted common stock	—	—	14,306