XML 52 R3.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Statement of Comprehensive Income [Abstract]    
Net income $ 42,163us-gaap_ProfitLoss $ 51,728us-gaap_ProfitLoss
Cumulative currency translation adjustments    
Foreign currency translation adjustments (12,860)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax (3,937)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
Financial instruments    
Change in the fair value of derivatives 4,420us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax 1,542us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
Income tax benefit on derivative instruments (1,732)us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax (613)us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
Financial instruments, net of tax 2,688us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax 929us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
Postretirement benefit plans    
Amortization of actuarial loss 11,719us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax 9,127us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
Amortization of prior service credit (141)us-gaap_OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax (142)us-gaap_OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
Income tax provision on postretirement benefit plans (4,111)us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax (3,113)us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
Foreign currency translation effect 5,227ctb_OtherComprehensiveIncomeDefinedBenefitPlansForeignCurrencyTranslationEffectArisingDuringPeriodNetOfTax (512)ctb_OtherComprehensiveIncomeDefinedBenefitPlansForeignCurrencyTranslationEffectArisingDuringPeriodNetOfTax
Postretirement benefit plans, net of tax 12,694us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax 5,360us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
Other comprehensive income 2,522us-gaap_OtherComprehensiveIncomeLossNetOfTax 2,352us-gaap_OtherComprehensiveIncomeLossNetOfTax
Comprehensive income 44,685us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest 54,080us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
Less comprehensive income attributable to noncontrolling shareholders' interests 300us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest 5,114us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
Comprehensive income attributable to Cooper Tire & Rubber Company $ 44,385us-gaap_ComprehensiveIncomeNetOfTax $ 48,966us-gaap_ComprehensiveIncomeNetOfTax