XML 18 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Sales $ 909,145 $ 879,304 $ 1,811,196 $ 1,741,801
Cost of products sold 736,905 707,343 1,468,871 1,410,016
Gross profit 172,240 171,961 342,325 331,785
Selling, administration & engineering expenses 86,104 92,672 173,738 176,130
Amortization of intangibles 3,536 3,239 7,131 6,517
Impairment charges 0 0 4,270 0
Restructuring charges 8,323 12,206 18,311 23,038
Other operating loss 0 0 0 155
Operating profit 74,277 63,844 138,875 125,945
Interest expense, net of interest income (10,293) (9,995) (21,532) (19,747)
Equity in earnings of affiliates 1,400 2,667 3,075 4,437
Loss on refinancing and extinguishment of debt (1,020) 0 (1,020) 0
Other expense, net (2,184) (255) (2,824) (8,071)
Income before income taxes 62,180 56,261 116,574 102,564
Income tax expense 20,530 16,021 32,420 30,787
Net income 41,650 40,240 84,154 71,777
Net income attributable to noncontrolling interests (1,194) (51) (1,992) (265)
Net income attributable to Cooper-Standard Holdings Inc. $ 40,456 $ 40,189 $ 82,162 $ 71,512
Earnings per share        
Basic (usd per share) $ 2.26 $ 2.33 $ 4.61 $ 4.12
Diluted (usd per share) $ 2.14 $ 2.16 $ 4.34 $ 3.83