XML 12 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Sales $ 928,262 $ 909,145 $ 1,895,653 $ 1,811,196
Cost of products sold 776,897 736,957 1,573,408 1,469,006
Gross profit 151,365 172,188 322,245 342,190
Selling, administration & engineering expenses 76,339 85,515 156,779 172,569
Amortization of intangibles 3,399 3,536 6,805 7,131
Impairment charges 0 0 0 4,270
Restructuring charges 10,013 8,323 17,138 18,311
Operating profit 61,614 74,814 141,523 139,909
Interest expense, net of interest income (9,973) (10,293) (19,773) (21,532)
Equity in earnings of affiliates 1,248 1,400 2,935 3,075
Loss on refinancing and extinguishment of debt 0 (1,020) (770) (1,020)
Other expense, net (557) (2,721) (2,276) (3,858)
Income before income taxes 52,332 62,180 121,639 116,574
Income tax expense 9,130 20,530 21,021 32,420
Net income 43,202 41,650 100,618 84,154
Net income attributable to noncontrolling interests (1,325) (1,194) (1,949) (1,992)
Net income attributable to Cooper-Standard Holdings Inc. $ 41,877 $ 40,456 $ 98,669 $ 82,162
Earnings per share        
Basic $ 2.33 $ 2.26 $ 5.48 $ 4.61
Diluted $ 2.28 $ 2.14 $ 5.36 $ 4.34