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CONSOLIDATED STATEMENTS OF NET INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Sales $ 2,330,191 $ 2,375,439 $ 3,108,400
Cost of products sold 2,242,963 2,227,892 2,749,278
Gross profit 87,228 147,547 359,122
Selling, administration & engineering expenses 227,110 263,611 302,496
Gain (Loss) on Disposition of Business (696) (2,834) (191,571)
Amortization of intangibles 7,347 11,611 17,966
Impairment charges 25,609 104,363 23,139
Restructuring charges 36,950 39,482 51,102
Operating (loss) profit (209,092) (268,686) 155,990
Interest expense, net of interest income (72,511) (59,167) (44,113)
Equity in earnings of affiliates (1,728) 396 6,504
Pension Settlement Charges (1,279) (184) (15,819)
Other expense, net (4,842) (2,580) (4,260)
(Loss) income before income taxes (289,452) (330,221) 98,302
Income Tax Expense (Benefit) 39,392 (60,847) 36,089
Net (loss) income (328,844) (269,374) 62,213
Net loss attributable to noncontrolling interests 6,009 1,769 5,316
Net (loss) income attributable to Cooper-Standard Holdings Inc. $ (322,835) $ (267,605) $ 67,529
Earnings per share      
Basic (in dollars per share) $ (18.94) $ (15.82) $ 3.94
Diluted (in dollars per share) $ (18.94) $ (15.82) $ 3.92