XML 79 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net sales $ 704,134 $ 737,671 $ 2,002,428 $ 2,037,575
Cost of products sold 589,768 597,724 1,700,662 1,718,920
Gross profit 114,366 139,947 301,766 318,655
Selling, general and administrative expense 60,786 58,746 183,452 178,236
Restructuring expense 811 0 7,442 0
Operating profit 52,769 81,201 110,872 140,419
Interest expense (7,476) (7,930) (23,599) (24,038)
Interest income 1,507 2,399 6,887 6,702
Other pension and postretirement benefit expense (9,562) (6,932) (28,212) (20,885)
Other non-operating (expense) income (509) 2,922 (593) (129)
Income before income taxes 36,729 71,660 65,355 102,069
Provision for income taxes 7,721 16,227 19,908 21,944
Net income 29,008 55,433 45,447 80,125
Net (loss) income attributable to noncontrolling shareholders' interests (336) 1,720 301 3,120
Net income attributable to Cooper Tire & Rubber Company $ 29,344 $ 53,713 $ 45,146 $ 77,005
Earnings per share:        
Basic (in dollars per share) $ 0.58 $ 1.07 $ 0.90 $ 1.53
Diluted (in dollars per share) $ 0.58 $ 1.07 $ 0.90 $ 1.52