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Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2011

Significant Accounting Policies [Abstract]

Expected useful lives of Property, plant and equipment that are recorded at cost and depreciated or amortized


Buildings and improvements			10 to 40 years
Machinery and equipment			5 to 14 years
Furniture and fixtures			5 to 10 years
Molds, cores and rings			4 to 10 years

Computation of basic and diluted earnings (loss) per share

(Number of shares and dollar amounts in thousands except per share amounts)


	2009			2010		2011
Numerator
Income from continuing operations attributable to Cooper Tire & Rubber Company	$	83,420		$	116,331	$	253,503
Accretion of redeemable noncontrolling shareholders’ interest		9,939			—		—

Numerator for basic and diluted earnings per share—income from continuing operations available to common stockholders	$	93,359		$	116,331	$	253,503

Denominator
Denominator for basic earnings per share— weighted average shares outstanding		59,439			61,299		62,150
Effect of dilutive securities—stock options and other stock units		1,242			1,349		862

Denominator for diluted earnings per share— adjusted weighted average share outstanding		60,681			62,648		63,012

Basic earnings per share:
Income from continuing operations available to Cooper Tire & Rubber Company common stockholders	$	1.57		$	1.90	$	4.08
Income (loss) from discontinued operations, net of income taxes		(0.53	)		0.39		—

Net income available to Cooper Tire & Rubber Company common stockholders	$	1.04		$	2.29	$	4.08

Diluted earnings per share:
Income from continuing operations available to Cooper Tire & Rubber Company common stockholders	$	1.54		$	1.86	$	4.02
Income (loss) from discontinued operations, net of income taxes		(0.52	)		0.38		—

Net income available to Cooper Tire & Rubber Company common stockholders	$	1.02		$	2.24	$	4.02

Product Warranty Liabilities


	2009			2010			2011
Reserve at January 1	$	18,244		$	23,814		$	24,924
Additions		23,134			24,791			34,288
Payments		(17,564	)		(23,681	)		(31,812	)

Reserve at December 31	$	23,814		$	24,924		$	27,400

- Definition

Tabular disclosure of the useful life and salvage value of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References+ Details