v3.20.4

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Statement [Abstract]
Net sales	$ 2,521,074	$ 2,752,639	$ 2,808,062
Cost of products sold	2,033,260	2,319,349	2,364,769
Gross profit	487,814	433,290	443,293
Selling, general and administrative expense	244,529	250,017	244,221
Restructuring expense	12,404	8,818	0
Goodwill impairment charge	0	0	33,827
Operating profit	230,881	174,455	165,245
Interest expense	(22,707)	(31,189)	(32,181)
Interest income	3,569	9,458	10,216
Other pension and postretirement benefit expense	(25,419)	(41,567)	(27,806)
Other non-operating income (expense)	4,579	(1,485)	(1,416)
Income before income taxes	190,903	109,672	114,058
Income tax provision	46,999	11,355	33,495
Net income	143,904	98,317	80,563
Net income attributable to noncontrolling shareholders' interests	1,115	1,913	3,977
Net income attributable to Cooper Tire & Rubber Company	$ 142,789	$ 96,404	$ 76,586
Earnings per share:
Basic (in dollars per share)	$ 2.84	$ 1.92	$ 1.52
Diluted (in dollars per share)	$ 2.83	$ 1.91	$ 1.51

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

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- Definition

The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.

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