Rendering

Component: (Network and Table)
Network
2301302 - Disclosure - Significant Accounting Policies (Tables)
(http://us.coopertire.com/role/SignificantAccountingPoliciesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000024491 (http://www.sec.gov/CIK)
Accounting Policies [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Accounting Policies [Abstract]
 
Expected Useful Lives of Property, Plant and Equipment Recorded at Cost and Depreciated or Amortized
Property, plant and equipment are recorded at cost and depreciated using the straight-line method over the following expected useful lives:
Land improvements
 
10 to 20 years
Buildings
  
10 to 40 years
Machinery and equipment
  
5 to 14 years
Molds, cores and rings
  
2 to 10 years
  
Computation of Basic and Diluted Earnings per Share
The following table sets forth the computation of basic and diluted earnings per share:

(Number of shares and dollar amounts in thousands except per share amounts)
 
 
 
 
 
 
 
 
2016
 
2015
 
2014
Numerator
 
 
 
 
 
 
Numerator for basic and diluted earnings per share - income from continuing operations available to common stockholders
 
$
248,381

 
$
212,766

 
$
213,578

Denominator
 
 
 
 
 
 
Denominator for basic earnings per share - weighted average shares outstanding
 
54,480

 
57,012

 
61,402

Effect of dilutive securities - stock options and other stock units
 
610

 
611

 
999

Denominator for diluted earnings per share - adjusted weighted average shares outstanding
 
55,090

 
57,623

 
62,401

Basic earnings per share:
 
 
 
 
 
 
Net income attributable to Cooper Tire & Rubber Company common stockholders
 
$
4.56

 
$
3.73

 
$
3.48

Diluted earnings per share:
 
 
 
 
 
 
Net income attributable to Cooper Tire & Rubber Company common stockholders
 
$
4.51

 
$
3.69

 
$
3.42

  
Summary of Activity in Product Warranty Liabilities
The following table summarizes the activity in the Company’s product warranty liabilities which are recorded in Accrued liabilities and Other long-term liabilities on the Company’s Consolidated Balance Sheets:
 
 
2016
 
2015
 
2014
Reserve at beginning of year
 
12,339

 
14,005

 
30,853

Additions
 
8,349

 
9,122

 
17,413

Payments
 
(10,054
)
 
(10,788
)
 
(19,112
)
Decrease due to sale of interest in subsidiary
 
—

 
—

 
(15,149
)
Reserve at December 31
 
10,634

 
12,339

 
14,005