XML 16 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]      
Net sales $ 2,924,869 $ 2,972,901 $ 3,424,809
Cost of products sold 2,272,519 2,355,451 2,852,051
Gross profit 652,350 617,450 572,758
Selling, general and administrative expense 255,701 262,970 272,300
Pension settlement charges 12,262    
Operating profit 384,387 354,480 300,458
Interest expense (26,604) (23,820) (28,138)
Interest income 4,378 2,211 1,500
Gain on sale of interest in subsidiary 0 0 77,471
Other non-operating income (expense) 4,932 1,157 (2,772)
Income before income taxes 367,093 334,028 348,519
Provision for income taxes 115,799 118,224 111,697
Net income 251,294 215,804 236,822
Net income attributable to noncontrolling shareholders’ interests 2,913 3,038 23,244
Net income attributable to Cooper Tire & Rubber Company $ 248,381 $ 212,766 $ 213,578
Basic earnings per share:      
Net income attributable to Cooper Tire & Rubber Company common stockholders (in dollars per share) $ 4.56 $ 3.73 $ 3.48
Diluted earnings per share:      
Net income attributable to Cooper Tire & Rubber Company common stockholders (in dollars per share) $ 4.51 $ 3.69 $ 3.42