Earnings Per Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

2. Earnings Per Share

Net income per share is computed on the basis of the weighted average number of common shares outstanding each year. 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 March 31,
	2012		2013
Numerator
Numerator for basic and diluted earnings per share - Net income attributable to common stockholders	$	21,568	$	56,080
Denominator
Denominator for basic earnings per share - weighted average shares outstanding		62,310		63,226
Effect of dilutive securities - stock options and other stock units		654		958
Denominator for diluted earnings per share - adjusted weighted average share outstanding		62,964		64,184
Basic earnings per share:
Net income attributable to Cooper Tire & Rubber Company common stockholders	$	0.35	$	0.89
Diluted earnings per share:
Net income attributable to Cooper Tire & Rubber Company common stockholders	$	0.34	$	0.87

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 886,152 and none in 2012 and 2013, respectively. These options could be dilutive in the future depending on the performance of the Company’s stock.