XML 12 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Sales $ 683,200 $ 739,518 $ 1,678,557 $ 2,382,211
Cost of products sold 598,714 659,313 1,611,299 2,088,631
Gross profit 84,486 80,205 67,258 293,580
Selling, administration & engineering expenses 60,059 63,020 199,001 224,164
Gain on sale of business, net (2,314) 1,730 (2,314) (188,180)
Amortization of intangibles 1,669 4,250 9,632 13,173
Restructuring charges 6,186 5,572 23,236 29,214
Impairment of assets held for sale 0 0 86,470 0
Other impairment charges 100 1,958 1,240 4,146
Operating profit (loss) 18,786 3,675 (250,007) 211,063
Interest expense, net of interest income (17,985) (10,351) (40,993) (33,858)
Equity in earnings (losses) of affiliates 738 1,515 (842) 5,764
Other income (expense), net 2,784 (514) (5,357) (3,091)
Income (loss) before income taxes 4,323 (5,675) (297,199) 179,878
Income tax (benefit) expense (2,386) 745 (55,485) 47,001
Net income (loss) 6,709 (6,420) (241,714) 132,877
Net (income) loss attributable to noncontrolling interests (2,328) 1,543 1,288 2,036
Net income (loss) attributable to Cooper-Standard Holdings Inc. $ 4,381 $ (4,877) $ (240,426) $ 134,913
Earnings per share        
Basic $ 0.26 $ (0.29) $ (14.22) $ 7.83
Diluted $ 0.26 $ (0.29) $ (14.22) $ 7.80