Earnings Per Share

9 Months Ended

Sep. 30, 2012

Earnings Per Share

3. Earnings Per Share

Net income per share is computed on the basis of the weighted average number of common shares outstanding during the period. Diluted earnings per share includes the dilutive effect of stock options and other stock units. The following table sets forth the computation of basic and diluted earnings per share:

	Three months ended September 30				Nine months ended September 30
	2011		2012		2011		2012
Numerator
Numerator for basic and diluted earnings per share -
Net income attributable to common stockholders	$	17,281	$	74,113	$	44,478	$	147,427
Denominator
Denominator for basic earnings per share - weighted average shares outstanding		62,266		62,561		62,106		62,405
Effect of dilutive securities - stock options and other stock units		576		713		971		637
Denominator for diluted earnings per share - adjusted weighted average shares outstanding		62,842		63,274		63,077		63,042
Basic earnings per share:
Net income attributable to Cooper Tire & Rubber
Company common stockholders	$	0.28	$	1.18	$	0.72	$	2.36
Diluted earnings per share:
Net income attributable to Cooper Tire & Rubber
Company common stockholders	$	0.27	$	1.17	$	0.71	$	2.34

Options to purchase shares of the Company’s common stock not included in the computation of diluted earnings per share because the options’ exercise prices were greater than the average market price of the common shares were 1,065 and 429 at September 30, 2011 and 2012, respectively.