Stoneridge (SRI) 10-Q 31 Jul 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2024	Jul. 26, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	001-13337
Entity Registrant Name	STONERIDGE, INC
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	34-1598949
Entity Address, Address Line One	39675 MacKenzie Drive, Suite 400
Entity Address, City or Town	Novi
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	48377
City Area Code	248
Local Phone Number	489-9300
Title of 12(g) Security	Common Shares
Trading Symbol	SRI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		27,677,748
Entity Central Index Key	0001043337
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 42,112	$ 40,841
Accounts receivable, less reserves of $620 and $1,058, respectively	168,215	166,545
Inventories, net	178,749	187,758
Prepaid expenses and other current assets	32,882	34,246
Total current assets	421,958	429,390
Long-term assets:
Property, plant and equipment, net	103,061	110,126
Intangible assets, net	43,586	47,314
Goodwill	34,244	35,295
Operating lease right-of-use asset	8,722	10,795
Investments and other long-term assets, net	55,080	46,980
Total long-term assets	244,693	250,510
Total assets	666,651	679,900
Current liabilities:
Current portion of debt	2,064	2,113
Accounts payable	108,085	111,925
Accrued expenses and other current liabilities	76,098	64,203
Total current liabilities	186,247	178,241
Long-term liabilities:
Revolving credit facility	187,417	189,346
Deferred income taxes	6,276	7,224
Operating lease long-term liability	5,814	7,684
Other long-term liabilities	10,446	9,688
Total long-term liabilities	209,953	213,942
Shareholders' equity:
Preferred Shares, without par value, 5,000 shares authorized, none issued	0	0
Common Shares, without par value, 60,000 shares authorized, 28,966 and 28,966 shares issued and 27,679 and 27,549 shares outstanding at June 30, 2024 and December 31, 2023, respectively, with no stated value	0	0
Additional paid-in capital	224,599	227,340
Common Shares held in treasury, 1,287 and 1,417 shares at June 30, 2024 and December 31, 2023, respectively, at cost	(39,066)	(43,344)
Retained earnings	193,169	196,509
Accumulated other comprehensive loss	(108,251)	(92,788)
Total shareholders' equity	270,451	287,717
Total liabilities and shareholders' equity	$ 666,651	$ 679,900

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Accounts receivable, reserves	$ 620	$ 1,058
Preferred shares, authorized (in shares)	5,000	5,000
Preferred shares, issued (in shares)	0	0
Common shares, authorized (in shares)	60,000	60,000
Common shares, issued (in shares)	28,966	28,966
Common shares, outstanding (in shares)	27,679	27,549
Common shares held in treasury, shares (in shares)	1,287	1,417

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Net sales	$ 237,059	$ 266,814	$ 476,216	$ 508,139
Costs and expenses:
Cost of goods sold	183,319	206,326	374,119	404,849
Selling, general and administrative	31,876	33,491	62,299	63,354
Design and development	18,457	22,666	36,060	39,634
Operating income	3,407	4,331	3,738	302
Interest expense, net	3,801	3,120	7,435	5,866
Equity in loss of investee	52	329	329	500
Other (income) expense, net	(2,296)	2,387	(260)	3,535
Income (loss) before income taxes	1,850	(1,505)	(3,766)	(9,599)
(Benefit) provision for income taxes	(936)	1,487	(426)	779
Net income (loss)	$ 2,786	$ (2,992)	$ (3,340)	$ (10,378)
Income (loss) per share:
Basic (in dollars per share)	$ 0.10	$ (0.11)	$ (0.12)	$ (0.38)
Diluted (in dollars per share)	$ 0.10	$ (0.11)	$ (0.12)	$ (0.38)
Weighted-average shares outstanding:
Basic (in shares)	27,610,756	27,451,623	27,570,014	27,400,490
Diluted (in shares)	27,852,627	27,451,623	27,570,014	27,400,490

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)		$ 2,786	$ (2,992)	$ (3,340)	$ (10,378)
Other comprehensive (loss) income, net of tax:
Foreign currency translation		(8,454)	2,992	(13,333)	7,064
Unrealized (loss) gain on derivatives	[1]	(2,200)	288	(2,130)	56
Other comprehensive (loss) income, net of tax		(10,654)	3,280	(15,463)	7,120
Comprehensive (loss) income		$ (7,868)	$ 288	$ (18,803)	$ (3,258)
[1] Net of tax (benefit) expense o f $(585) and $76 for the three months ended June 30, 2024 and 2023, respectively. Net of tax (benefit) expense of $(566) and $15 for the six months ended June 30, 2024 and 2023, respectively.

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Tax (benefit) expense on unrealized gain (loss) on derivatives	$ (585)	$ 76	$ (566)	$ 15

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
OPERATING ACTIVITIES:
Net loss	$ 2,786	$ (6,126)	$ (2,992)	$ (7,386)	$ (3,340)	$ (10,378)
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:
Depreciation					13,054	13,161
Amortization, including accretion and write-off of deferred financing costs					4,440	4,004
Deferred income taxes					(7,004)	(3,782)
Loss of equity method investee					329	500
Loss (gain) on sale of fixed assets					258	(854)
Share-based compensation expense					2,207	1,271
Excess tax deficiency related to share-based compensation expense					238	66
Changes in operating assets and liabilities:
Accounts receivable, net					(6,094)	(28,100)
Inventories, net					3,438	(23,142)
Prepaid expenses and other assets					(1,038)	3,313
Accounts payable					(849)	27,069
Accrued expenses and other liabilities					12,123	12,184
Net cash provided by (used for) operating activities					17,762	(4,688)
INVESTING ACTIVITIES:
Capital expenditures, including intangibles					(12,920)	(18,025)
Proceeds from sale of fixed assets					222	1,729
Investment in venture capital fund, net					(260)	0
Net cash used for investing activities					(12,958)	(16,296)
FINANCING ACTIVITIES:
Revolving credit facility borrowings					57,000	42,000
Revolving credit facility payments					(58,000)	(38,068)
Proceeds from issuance of debt					17,677	16,402
Repayments of debt					(17,690)	(18,086)
Repurchase of Common Shares to satisfy employee tax withholding					(666)	(1,325)
Net cash (used for) provided by financing activities					(1,679)	923
Effect of exchange rate changes on cash and cash equivalents					(1,854)	(32)
Net change in cash and cash equivalents					1,271	(20,093)
Cash and cash equivalents at beginning of period		$ 40,841		$ 54,798	40,841	54,798	$ 54,798
Cash and cash equivalents at end of period	$ 42,112		$ 34,705		42,112	34,705	$ 40,841
Supplemental disclosure of cash flow information:
Cash paid for interest, net					8,003	5,622
Cash paid for income taxes, net					$ 4,372	$ 5,927

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands		Total		Number of Common Shares outstanding	Number of treasury shares	Additional paid-in capital	Retained earnings	Accumulated other comprehensive loss
Common stock beginning balance (in shares) at Dec. 31, 2022				27,341
Treasury stock beginning balance (in shares) at Dec. 31, 2022					1,625
Beginning balance at Dec. 31, 2022		$ 280,942			$ (50,366)	$ 232,758	$ 201,692	$ (103,142)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(7,386)					(7,386)
Unrealized gain (loss) on derivatives		(232)						(232)
Currency translation adjustments		4,072						4,072
Issuance of Common Shares (in shares)				234	234
Repurchased Common Shares for treasury, net (in shares)				62	62
Repurchased Common Shares for treasury, net		5,649			$ 5,649
Share-based compensation, net		(6,802)				(6,802)
Common stock ending balance (in shares) at Mar. 31, 2023				27,513
Treasury stock ending balance (in shares) at Mar. 31, 2023					1,453
Ending balance at Mar. 31, 2023		276,243			$ (44,717)	225,956	194,306	(99,302)
Common stock beginning balance (in shares) at Dec. 31, 2022				27,341
Treasury stock beginning balance (in shares) at Dec. 31, 2022					1,625
Beginning balance at Dec. 31, 2022		280,942			$ (50,366)	232,758	201,692	(103,142)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(10,378)
Unrealized gain (loss) on derivatives	[1]	56
Common stock ending balance (in shares) at Jun. 30, 2023				27,522
Treasury stock ending balance (in shares) at Jun. 30, 2023					1,444
Ending balance at Jun. 30, 2023		277,638			$ (44,367)	226,713	191,314	(96,022)
Common stock beginning balance (in shares) at Mar. 31, 2023				27,513
Treasury stock beginning balance (in shares) at Mar. 31, 2023					1,453
Beginning balance at Mar. 31, 2023		276,243			$ (44,717)	225,956	194,306	(99,302)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(2,992)					(2,992)
Unrealized gain (loss) on derivatives		288	[1]					288
Currency translation adjustments		2,992						2,992
Issuance of Common Shares (in shares)				15	15
Repurchased Common Shares for treasury, net (in shares)				6	6
Repurchased Common Shares for treasury, net		350			$ 350
Share-based compensation, net		757				757
Common stock ending balance (in shares) at Jun. 30, 2023				27,522
Treasury stock ending balance (in shares) at Jun. 30, 2023					1,444
Ending balance at Jun. 30, 2023		$ 277,638			$ (44,367)	226,713	191,314	(96,022)
Common stock beginning balance (in shares) at Dec. 31, 2023		27,549		27,549
Treasury stock beginning balance (in shares) at Dec. 31, 2023		1,417			1,417
Beginning balance at Dec. 31, 2023		$ 287,717			$ (43,344)	227,340	196,509	(92,788)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(6,126)					(6,126)
Unrealized gain (loss) on derivatives		70						70
Currency translation adjustments		(4,879)						(4,879)
Issuance of Common Shares (in shares)				154	154
Repurchased Common Shares for treasury, net (in shares)				36	36
Repurchased Common Shares for treasury, net		3,958			$ 3,958
Share-based compensation, net		(3,484)				(3,484)
Common stock ending balance (in shares) at Mar. 31, 2024				27,667
Treasury stock ending balance (in shares) at Mar. 31, 2024					1,299
Ending balance at Mar. 31, 2024		$ 277,256			$ (39,386)	223,856	190,383	(97,597)
Common stock beginning balance (in shares) at Dec. 31, 2023		27,549		27,549
Treasury stock beginning balance (in shares) at Dec. 31, 2023		1,417			1,417
Beginning balance at Dec. 31, 2023		$ 287,717			$ (43,344)	227,340	196,509	(92,788)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(3,340)
Unrealized gain (loss) on derivatives	[1]	$ (2,130)
Common stock ending balance (in shares) at Jun. 30, 2024		27,679		27,679
Treasury stock ending balance (in shares) at Jun. 30, 2024		1,287			1,287
Ending balance at Jun. 30, 2024		$ 270,451			$ (39,066)	224,599	193,169	(108,251)
Common stock beginning balance (in shares) at Mar. 31, 2024				27,667
Treasury stock beginning balance (in shares) at Mar. 31, 2024					1,299
Beginning balance at Mar. 31, 2024		277,256			$ (39,386)	223,856	190,383	(97,597)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		2,786					2,786
Unrealized gain (loss) on derivatives		(2,200)	[1]					(2,200)
Currency translation adjustments		(8,454)						(8,454)
Issuance of Common Shares (in shares)				16	16
Repurchased Common Shares for treasury, net (in shares)				4	4
Repurchased Common Shares for treasury, net		320			$ 320
Share-based compensation, net		$ 743				743
Common stock ending balance (in shares) at Jun. 30, 2024		27,679		27,679
Treasury stock ending balance (in shares) at Jun. 30, 2024		1,287			1,287
Ending balance at Jun. 30, 2024		$ 270,451			$ (39,066)	$ 224,599	$ 193,169	$ (108,251)
[1] Net of tax (benefit) expense o f $(585) and $76 for the three months ended June 30, 2024 and 2023, respectively. Net of tax (benefit) expense of $(566) and $15 for the six months ended June 30, 2024 and 2023, respectively.

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying condensed consolidated financial statements have been prepared by Stoneridge, Inc. (the “Company”) without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The information furnished in the condensed consolidated financial statements includes normal recurring adjustments and reflects all adjustments, which are, in the opinion of management, necessary for a fair presentation of such financial statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) have been condensed or omitted pursuant to the SEC’s rules and regulations. The results of operations for the three months ended June 30, 2024 are not necessarily indicative of the results to be expected for the full year. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s 2023 Form 10-K . Reclassifications Certain prior period amounts have been reclassified to conform to their 2024 presentation in the condensed consolidated financial statements.

Recently Issued Accounting Stan

Recently Issued Accounting Standards	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Recently Issued Accounting Standards	Recently Issued Accounting Standards Accounting Standards Not Yet Adopted In November 2023, the FASB issued ASU No. 2023-07, "Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures", which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. The updated standard is effective for annual periods beginning in fiscal 2025 and interim periods beginning in the first quarter of fiscal 2026. Early adoption is permitted. We are currently evaluating the impact that the updated standard will have on our financial statement disclosures. In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740) – Improvements to Income Tax Disclosures," which requires companies to disclose, on an annual basis, specific categories in the effective tax rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. In addition, companies are required to disclose additional information about income taxes paid. The standard is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The standard is to be adopted on a prospective basis; however, retrospective application is permitted. We are currently evaluating the impact on our annual consolidated financial statement disclosures.

Revenue

Revenue	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Revenue is recognized when obligations under the terms of a contract with our customer are satisfied; generally this occurs with the transfer of control of our products and services, which is usually when the parts are shipped or delivered to the customer’s premises. Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods or providing services. The transaction price will include estimates of variable consideration to the extent it is probable that a significant reversal of revenue recognized will not occur. Incidental items that are not significant in the context of the contract are recognized as expense. The expected costs associated with our base warranties continue to be recognized as expense when the products are sold. Customer returns only occur if products do not meet the specifications of the contract and are not connected to any repurchase obligations of the Company. The Company does not have any financing components or significant payment terms as payment occurs shortly after the point of sale. Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction that are collected by the Company from a customer are excluded from revenue. Amounts billed to customers related to shipping and handling costs are included in net sales in the condensed consolidated statements of operations. Shipping and handling costs associated with outbound freight after control over a product is transferred to the customer are accounted for as a fulfillment cost and are included in cost of sales. Revenue by Reportable Segment Control Devices. Our Control Devices segment designs and manufactures products that monitor, measure or activate specific functions within a vehicle. This segment includes product lines such as actuators, sensors, switches and connectors. We sell these products principally to the automotive market in the North American and Asia Pacific regions. To a lesser extent, we also sell these products to the commercial vehicle and agricultural markets in the North American and Asia Pacific regions. Our customers included in these markets primarily consist of original equipment manufacturers (“OEM”) and companies supplying components directly to the OEMs (“Tier 1 supplier”). Electronics. Our Electronics segment designs and manufactures driver information systems, vision and safety systems, connectivity and compliance products and electronic control units. These products are sold principally to the commercial vehicle market primarily through our OEM and aftermarket channels in the European, North American and Asia Pacific regions. Our vision and safety systems are sold principally to the commercial vehicle and off-highway vehicle markets in the European and North American regions. Stoneridge Brazil. Our Stoneridge Brazil segment primarily serves the South American region and specializes in the design, manufacture and sale of vehicle tracking devices and monitoring services, vehicle security alarms and convenience accessories, in-vehicle audio and infotainment devices, driver information systems and telematics solutions. Stoneridge Brazil sells its products through the aftermarket distribution channel, to factory authorized dealer installers, also referred to as original equipment services and directly to OEMs. In addition, monitoring services and tracking devices are sold directly to corporate customers and individual consumers. The following tables disaggregate our revenue by reportable segment and geographical location (1) for the three months ended June 30, 2024 and 2023: Control Devices Electronics Stoneridge Brazil Consolidated Three months ended June 30, 2024 2023 2024 2023 2024 2023 2024 2023 Net Sales: North America $ 67,391 $ 78,745 $ 54,124 $ 56,845 $ — $ — $ 121,515 $ 135,590 South America — — — — 11,649 14,908 11,649 14,908 Europe — — 90,613 99,169 — — 90,613 99,169 Asia Pacific 12,508 13,375 774 3,772 — — 13,282 17,147 Total net sales $ 79,899 $ 92,120 $ 145,511 $ 159,786 $ 11,649 $ 14,908 $ 237,059 $ 266,814 The following tables disaggregate our revenue by reportable segment and geographical location (1) for the six months ended June 30, 2024 and 2023: Control Devices Electronics Stoneridge Brazil Consolidated Six months ended June 30, 2024 2023 2024 2023 2024 2023 2024 2023 Net Sales: North America $ 133,213 $ 154,426 $ 106,417 $ 104,887 $ — $ — $ 239,630 $ 259,313 South America — — — — 23,865 29,164 23,865 29,164 Europe — — 186,988 186,418 — — 186,988 186,418 Asia Pacific 23,844 23,636 1,889 9,608 — — 25,733 33,244 Total net sales $ 157,057 $ 178,062 $ 295,294 $ 300,913 $ 23,865 $ 29,164 $ 476,216 $ 508,139 _______________________ (1) Company sales based on geographic location are where the sale originates not where the customer is located. Performance Obligations For OEM and Tier 1 supplier customers, the Company typically enters into contracts to provide serial production parts that consist of a set of documents including, but not limited to, an award letter, master purchase agreement and master terms and conditions. For each production product, the Company enters into separate purchase orders that contain the product specifications and an agreed-upon price. The performance obligation does not exist until a customer release is received for a specific number of parts. The majority of the parts sold to OEM and Tier 1 supplier customers are customized to the specific customer, with the exception of camera monitoring systems (“CMS”) sold through our aftermarket channel that are common across all customers. The transaction price is equal to the contracted price per part and there is no expectation of material variable consideration in the transaction price. For most customer contracts, the Company does not have an enforceable right to payment at any time prior to when the parts are shipped or delivered to the customer; therefore, the Company recognizes revenue at the point in time it satisfies a performance obligation by transferring control of a part to the customer. Certain customer contracts contain an enforceable right to payment if the customer terminates the contract for convenience and therefore are recognized over time using the cost to complete input method. Our aftermarket products are focused on meeting the demand for safety, compliance and entertainment applications. Including products, accessories and replacement parts and are sold primarily to aftermarket distributors in our South American and European markets, as well as direct to aftermarket customers in North America. Aftermarket products have one type of performance obligation which is the delivery of aftermarket parts and spare parts. For aftermarket customers, the Company typically has standard terms and conditions for all customers. In addition, aftermarket products have alternative use as they can be sold to multiple customers. Revenue for aftermarket part production contracts is recognized at a point in time when the control of the parts transfers to the customer which is based on the shipping terms. Aftermarket contracts may include variable consideration related to discounts and rebates which is included in the transaction price upon recognizing the product revenue. A small portion of the Company’s sales are comprised of monitoring services that include both monitoring devices and fees to individual, corporate, fleet and cargo customers in our Stoneridge Brazil segment. These monitoring service contracts are generally not capable of being distinct and are accounted for as a single performance obligation. We recognize revenue for our monitoring products and services contracts over the life of the contract. There is no variable consideration associated with these contracts. The Company has the right to consideration from a customer in the amount that corresponds directly with the value to the customer of the Company’s performance to date. Therefore, the Company recognizes revenue over time using the practical expedient ASC 606-10-55-18 in the amount the Company has a “right to invoice” rather than selecting an output or input method. Contract Balances The Company had no material contract assets, contract liabilities or capitalized contract acquisition costs as of June 30, 2024 and December 31, 2023.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories are valued at the lower of cost (using either the first-in, first-out (“FIFO”) or average cost methods) or net realizable value. The Company evaluates and adjusts as necessary its excess and obsolescence reserve on a quarterly basis. Excess inventories are quantities of items that exceed anticipated sales or usage for a reasonable period. The Company has guidelines for calculating provisions for excess inventories based on the number of months of inventories on hand compared to anticipated sales or usage. Management uses its judgment to forecast sales or usage and to determine what constitutes a reasonable period. Inventory cost includes material, labor and overhead. Inventories consist of the following: June 30, December 31, Raw materials $ 131,100 $ 142,744 Work-in-progress 10,398 11,907 Finished goods 37,251 33,107 Total inventories, net $ 178,749 $ 187,758 Inventory valued using the FIFO method was $166,118 and $176,033 at June 30, 2024 and December 31, 2023, respectively. Inventory valued using the average cost method was $12,631 and $11,725 at June 30, 2024 and December 31, 2023, respectively.

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Financial Instruments and Fair Value Measurements	Financial Instruments and Fair Value Measurements Financial Instruments A financial instrument is cash or a contract that imposes an obligation to deliver or conveys a right to receive cash or another financial instrument. The carrying values of cash and cash equivalents, accounts receivable and accounts payable are considered to be representative of fair value because of the short maturity of these instruments. The fair value of debt approximates the carrying value of debt, due to the variable interest rate on our Credit Facility and the maturity of the remaining outstanding debt. Derivative Instruments and Hedging Activities On June 30, 2024, the Company had open Mexican peso-denominated foreign currency forward contracts. The Company used foreign currency forward contracts solely for hedging and not for speculative purposes during 2024 and 2023. Management believes that its use of these instruments to reduce risk is in the Company’s best interest. The counterparties to these financial instruments are financial institutions with investment grade credit ratings. Foreign Currency Exchange Rate Risk Foreign currency transactions are remeasured into the functional currency using translation rates in effect at the time of the transaction with the resulting adjustments included on the condensed consolidated statements of operations within other (income) expense, net. These foreign currency transaction (gains) losses, including the impact of hedging activities, were $(2,270) and $2,356 for the three months ended June 30, 2024 and 2023, respectively, and $(326) and $3,458 for the six months ended June 30, 2024 and 2023, respectively. The Company conducts business internationally and, therefore, is exposed to foreign currency exchange rate risk. The Company uses derivative financial instruments as cash flow hedges and used net investment hedges to manage its exposure to fluctuations in foreign currency exchange rates by reducing the effect of such fluctuations on foreign currency denominated intercompany transactions, inventory purchases and other foreign currency exposures. Cash Flow Hedges The Company entered into foreign currency forward contracts to hedge the Mexican peso currency in 2024 and 2023. These forward contracts were executed to hedge forecasted transactions and have been accounted for as cash flow hedges. As such, gains and losses on derivatives qualifying as cash flow hedges are recorded in accumulated other comprehensive loss, to the extent that hedges are effective, until the underlying transactions are recognized in earnings. Unrealized amounts in accumulated other comprehensive loss fluctuate based on changes in the fair value of hedge derivative contracts at each reporting period. The cash flow hedges were highly effective. The effectiveness of the transactions was measured using regression analysis and forecasted future purchases of the currency. In certain instances, the foreign currency forward contracts may not qualify for hedge accounting or are not designated as hedges and, therefore, are marked-to-market with gains and losses recognized in the Company’s condensed consolidated statements of operations as a component of other expense, net. At June 30, 2024, all of the Company’s foreign currency forward contracts were designated as cash flow hedges. The Company’s foreign currency forward contracts offset a portion of the gains and losses on the underlying foreign currency denominated transactions as follows: Mexican peso-denominated Foreign Currency Forward Contracts – Cash Flow Hedges The Company holds Mexican peso-denominated foreign currency forward contracts with a notional amount at June 30, 2024 of $29,023 which expire ratably on a monthly basis from July 2024 to June 2025 . The notional amounts at December 31, 2023 related to Mexican peso-denominated foreign currency forward contracts were $26,613. The Company evaluated the effectiveness of the Mexican peso denominated forward contracts held as of June 30, 2024 and concluded that the hedges were highly effective. Interest Rate Risk Interest Rate Risk – Cash Flow Hedge On February 18, 2020, the Company entered into a floating-to-fixed interest rate swap agreement (the “Swap”) with a notional amount of $50,000 to hedge its exposure to interest payment fluctuations on a portion of its Credit Facility borrowings. The Swap matured on March 10, 2023. The Swap was designated as a cash flow hedge of the variable interest rate obligation under the Company's Fourth Amended and Restated Credit Agreement, as amended, (the “Fourth Amended and Restated Credit Agreement”). Accordingly, the change in fair value of the Swap was recognized in accumulated other comprehensive loss. The Swap agreement required monthly settlements on the same days that the Fourth Amended and Restated Credit Agreement interest payments were due and had a maturity date of March 10, 2023, which was prior to the Fourth Amended and Restated Credit Agreement maturity date of June 5, 2024. Under the Swap terms, the Company paid a fixed interest rate and received a floating interest rate based on the one-month LIBOR, with a floor. The critical terms of the Swap were aligned with the terms of the Fourth Amended and Restated Credit Agreement , resulting in no hedge ineffectiveness. The difference between amounts to be received and paid under the Swap were recognized as a component of interest expense, net on the condensed consolidated statements of operations. The Swap settlements reduced interest expense, net by $290 for the six months ended June 30, 2023. The notional amounts and fair values of derivative instruments in the condensed consolidated balance sheets were as follows: Notional amounts (A) Prepaid expenses Accrued expenses and June 30, December 31, June 30, December 31, June 30, December 31, Derivatives designated as hedging instruments: Cash flow hedges: Forward currency contracts $ 29,023 $ 26,613 $ — $ 1,858 $ 838 $ — _____________________________ (A) Notional amounts represent the gross contract of the derivatives outstanding in U.S. dollars. Gross amounts recorded for the cash flow hedges in other comprehensive (loss) income and in net income (loss) for the three months ended June 30 were as follows: (Loss) gain recorded in other Gain reclassified from other comprehensive (loss) income into net income (loss) (A) 2024 2023 2024 2023 Derivatives designated as cash flow hedges: Forward currency contracts $ (2,371) $ 416 $ 414 $ 51 _____________________________ (A) Gains reclassified from other comprehensive (loss) income into net income (loss) recognized in selling, general and administrative expenses (“SG&A”) in the Company’s condensed consolidated statements of operations were $134 and $13 for the three months ended June 30, 2024 and 2023, respectively. Gains reclassified from other comprehensive (loss) income into net income (loss) recognized in cost of goods sold (“COGS”) in the Company’s condensed consolidated statements of operations were $280 and $38 for the three months ended June 30, 2024 and 2023, respectively. Gross amounts recorded for the cash flow and net investment hedges in other comprehensive (loss) income and in net income (loss) for the six months ended June 30 were as follows: (Loss) gain recorded in other Gain reclassified from other comprehensive (loss) income into net loss (A) 2024 2023 2024 2023 Derivatives designated as cash flow hedges: Forward currency contracts $ (1,628) $ 416 $ 1,068 $ 51 Interest rate swap $ — $ (4) $ — $ 290 (A) Gains reclassified from other comprehensive (loss) income into net loss recognized in SG&A in the Company’s condensed consolidated statements of operations were $251 and $13 for the six months ended June 30, 2024 and 2023, respectively. Gains reclassified from other comprehensive (loss) income into net loss recognized in COGS in the Company’s condensed consolidated statements of operations were $817 and $38 for the six months ended June 30, 2024 and 2023, respectively. Gains reclassified from other comprehensive (loss) income into net loss recognized in interest expense, net in the Company’s condensed consolidated statements of operations were $0 and $290 for the six months ended June 30, 2024 and 2023, respectively. Cash flows from derivatives used to manage foreign currency exchange and interest rate risks are classified as operating activities within the condensed consolidated statements of cash flows. Fair Value Measurements Certain assets and liabilities held by the Company are measured at fair value on a recurring basis and are categorized using the three levels of the fair value hierarchy based on the reliability of the inputs used. Fair values estimated using Level 1 inputs consist of quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Fair values estimated using Level 2 inputs, other than quoted prices, are observable for the asset or liability, either directly or indirectly and include among other things, quoted prices for similar assets or liabilities in markets that are active or inactive as well as inputs other than quoted prices that are observable. For forward currency and cross-currency contracts, inputs include forward foreign currency exchange rates. For the interest rate swap, inputs included LIBOR. Fair values estimated using Level 3 inputs consist of significant unobservable inputs. The following table presents our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the three levels of the fair value hierarchy based on the reliability of inputs used. June 30, December 31, Fair values estimated using Fair Level 1 Level 2 Level 3 Fair Financial assets carried at fair value: Forward currency contracts $ — $ — $ — $ — $ 1,858 Total financial assets carried at fair value $ — $ — $ — $ — $ 1,858 Financial liabilities carried at fair value: Forward currency contracts $ 838 $ — $ 838 $ — $ — Total financial liabilities carried at fair value $ 838 $ — $ 838 $ — $ — There were no transfers in or out of Level 3 from other levels in the fair value hierarchy for the six months ended June 30, 2024.

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation Compensation expense for share-based compensation arrangements, which is recognized in the condensed consolidated statements of operations as a component of SG&A expense, was $1,115 and $1,202 for the three months ended June 30, 2024 and 2023, respectively. Compensation expense for share-based compensation arrangements was $2,207 and $1,271 for the six months ended June 30, 2024 and 2023, respectively. The six months ended June 30, 2023 included income from the forfeiture of certain grants associated with employee resignations.

Debt

Debt	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Debt	Debt Debt consisted of the following at June 30, 2024 and December 31, 2023: June 30, December 31, Interest rates at June 30, 2024 Maturity Revolving Credit Facility Revolving Credit Facility $ 187,417 $ 189,346 7.48 % November 2026 Debt Suzhou short-term credit line 2,064 2,113 3.25 % August 2024 Total debt 2,064 2,113 Less: current portion (2,064) (2,113) Total long-term debt, net $ — $ — Revolving Credit Facility On June 5, 2019, the Company entered into the Fourth Amended and Restated Credit Agreement. The Fourth Amended and Restated Credit Agreement provided for a $300,000 senior secured revolving credit facility. As a result of entering into the Fourth Amended and Restated Credit Agreement and related amendments, the Company capitalized $332 of deferred financing costs during the year ended December 31, 2023. On November 2, 2023, the Company entered into the Fifth Amended and Restated Credit Agreement (the “Credit Facility”). The Credit Facility provides for a $275,000 senior secured revolving credit facility and it replaced and superseded the Fourth Amended and Restated Credit Agreement. The Credit Facility has an accordion feature which allows the Company to increase the availability by up to $150,000 upon the satisfaction of certain conditions, including the consent of lenders providing the increase in commitments and also includes a letter of credit subfacility, swing line subfacility and multicurrency subfacility. The Credit Facility has a termination date of November 2, 2026. Borrowings under the Credit Facility bear interest at either the Base Rate or the SOFR rate, at the Company’s option, plus the applicable margin as set forth in the Credit Facility. The Credit Facility contains certain financial covenants that require the Company to maintain less than a maximum leverage ratio and more than a minimum interest coverage ratio. As a result of entering into the Fifth Amended and Restated Credit Agreement, the Company capitalized $1,915 of deferred financing costs and wrote off $309 of previously recorded deferred financing costs during the year ended December 31, 2023. The Credit Facility contains customary affirmative covenants and representations. The Credit Facility also contains customary negative covenants, which, among other things, are subject to certain exceptions, including restrictions on (i) indebtedness, (ii) liens, (iii) liquidations, mergers, consolidations and acquisitions, (iv) disposition of assets or subsidiaries, (v) affiliate transactions, (vi) continuation of or change in business, (vii) restricted payments, (viii) restrictions in agreements on dividends, intercompany loans and granting liens on the collateral, (ix) loans and investments and (x) changes in organizational documents and fiscal year. The Credit Facility contains customary events of default, subject to customary thresholds and exceptions, including, among other things, (i) non-payment of principal and non-payment of interest and fees, (ii) a material inaccuracy of a representation or warranty at the time made, (iii) a failure to comply with any covenant, subject to customary grace periods in the case of certain affirmative covenants, (iv) cross default of other debt, final judgments and other adverse orders in excess of $30,000, (v) any loan document shall cease to be a legal, valid and binding agreement, (vi) certain uninsured losses or proceedings against assets with a value in excess of $30,000, (vii) ERISA events, (viii) a change of control, or (ix) bankruptcy or insolvency proceedings. Borrowings outstanding on the Credit Facility were $187,417 and $189,346 at June 30, 2024 and December 31, 2023, respectively. The Company was in compliance with all Credit Facility covenants at June 30, 2024 and December 31, 2023. The Company also has outstanding letters of credit of $1,586 at both June 30, 2024 and December 31, 2023. Debt The Company’s wholly owned subsidiary located in Stockholm, Sweden (the "Stockholm subsidiary"), has an overdraft credit line that allows overdrafts on the subsidiary’s bank account up to a daily maximum level of 20,000 Swedish krona, or $1,888 and $1,987, at June 30, 2024 and December 31, 2023, respectively. At June 30, 2024 and December 31, 2023, there were no borrowings outstanding on this overdraft credit line. During the six months ended June 30, 2024, the subsidiary borrowed and repaid 186,496 Swedish krona, or $17,609. The Stockholm subsidiary has pledged certain of its assets as collateral in order to obtain a guarantee of certain of the Stockholm subsidiary’s obligations to third parties. The Company’s wholly owned subsidiary located in Suzhou, China (the “Suzhou subsidiary”), has lines of credit (the “Suzhou credit line”) that allow up to a maximum borrowing level of 20,000 Chinese yuan, or $2,752 and $2,818 at June 30, 2024 and December 31, 2023, respectively. At June 30, 2024 and December 31, 2023 there was $2,064 and $2,113, respectively, in borrowings outstanding on the Suzhou credit line with a weighted-average interest rate of 3.25%. The Suzhou credit line was included on the condensed consolidated balance sheets within current portion of debt. In addition, the Suzhou subsidiary has a bank acceptance draft line of credit which facilitates the extension of trade payable payment terms by 180 days. The bank acceptance draft line of credit allows up to a maximum borrowing level of 60,000 Chinese yuan, or $8,256 and $8,453 at June 30, 2024 and December 31, 2023, respectively. There was $0 and $2,387 utilized on the Suzhou bank acceptance draft line of credit at June 30, 2024 and December 31, 2023, respectively. The Suzhou bank acceptance draft line of credit is included on the condensed consolidated balance sheets within accounts payable.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Earnings (Loss) Per Share Basic earnings (loss) per share was computed by dividing net income (loss) by the weighted-average number of Common Shares outstanding for each respective period. Diluted earnings (loss) per share was calculated by dividing net income by the weighted-average of all potentially dilutive Common Shares that were outstanding during the periods presented. However, for all periods in which the Company recognized a net loss, the Company did not recognize the effect of the potential dilutive securities as their inclusion would be anti-dilutive. Potential dilutive shares of 233,202 for the three months ended June 30, 2023, were excluded from diluted loss per share because the effect would be anti-dilutive. Potential dilutive shares of 265,815 and 256,514 for the six months ended June 30, 2024 and 2023, respectively, were excluded from diluted loss per share because the effect would be anti-dilutive. Weighted-average Common Shares outstanding used in calculating basic and diluted earnings per share were as follows: Three months ended Six months ended 2024 2023 2024 2023 Basic weighted-average Common Shares outstanding 27,610,756 27,451,623 27,570,014 27,400,490 Effect of dilutive shares 241,871 — — — Diluted weighted-average Common Shares outstanding 27,852,627 27,451,623 27,570,014 27,400,490 There were 646,500 and 425,612 performance-based right to receive Common Shares outstanding at June 30, 2024 and 2023, respectively. The right to receive Common Shares are included in the computation of diluted earnings per share based on the number of Common Shares that would be issuable if the end of the quarter were the end of the performance period.

Accumulated Other Comprehensive

Accumulated Other Comprehensive (Loss) Income	6 Months Ended
	Jun. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive (Loss) Income	Accumulated Other Comprehensive (Loss) Income Changes in accumulated other comprehensive (loss) income for the three months ended June 30, 2024 and 2023 were as follows: Foreign Unrealized Total Balance at April 1, 2024 $ (99,135) $ 1,538 $ (97,597) Other comprehensive loss before reclassifications (8,454) (1,873) (10,327) Amounts reclassified from accumulated other comprehensive loss — (327) (327) Net other comprehensive loss, net of tax (8,454) (2,200) (10,654) Balance at June 30, 2024 $ (107,589) $ (662) $ (108,251) Balance at April 1, 2023 $ (99,302) $ — $ (99,302) Other comprehensive income before reclassifications 2,992 328 3,320 Amounts reclassified from accumulated other comprehensive loss — (40) (40) Net other comprehensive income, net of tax 2,992 288 3,280 Balance at June 30, 2023 $ (96,310) $ 288 $ (96,022) Changes in accumulated other comprehensive loss for the six months ended June 30, 2024 and 2023 were as follows: Foreign Unrealized Total Balance at January 1, 2024 $ (94,256) $ 1,468 $ (92,788) Other comprehensive loss before reclassifications (13,333) (1,286) (14,619) Amounts reclassified from accumulated other comprehensive loss — (844) (844) Net other comprehensive loss, net of tax (13,333) (2,130) (15,463) Balance at June 30, 2024 $ (107,589) $ (662) $ (108,251) Balance at January 1, 2023 $ (103,374) $ 232 $ (103,142) Other comprehensive income before reclassifications 7,064 325 7,389 Amounts reclassified from accumulated other comprehensive loss — (269) (269) Net other comprehensive income, net of tax 7,064 56 7,120 Balance at June 30, 2023 $ (96,310) $ 288 $ (96,022)

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies From time to time, we are subject to various legal actions and claims incidental to our business, including those arising out of breach of contracts, product warranties, product liability, patent infringement, regulatory matters and employment-related matters. The Company establishes accruals for matters which it believes that losses are probable and can be reasonably estimated. Although it is not possible to predict with certainty the outcome of these matters, the Company is of the opinion that the ultimate resolution of these matters will not have a material adverse effect on its consolidated results of operations or financial position. As a result of environmental studies performed at the Company’s former facility located in Sarasota, Florida, the Company became aware of soil and groundwater contamination at the site. The Company engaged an environmental engineering consultant to assess the level of contamination and to develop a remediation and monitoring plan for the site. Soil remediation at the site was completed during the year ended December 31, 2010. A remedial action plan was approved by the Florida Department of Environmental Protection and groundwater remediation began in the fourth quarter of 2015. During the three months ended June 30, 2024 and 2023, the Company did not recognize any expense related to groundwater remediation. During the six months ended June 30, 2024 and 2023, the Company recognized expense of $0 and $125, respectively, related to groundwater remediation. At June 30, 2024 and December 31, 2023, the Company accrued $129 and $143, respectively, related to expected future remediation costs. At June 30, 2024 and December 31, 2023, $129 and $136, respectively, were recorded as a component of accrued expenses and other current liabilities in the condensed consolidated balance sheets while the remaining amount as of December 31, 2023 was recorded as a component of other long-term liabilities. Costs associated with the recorded liability will be incurred to complete the groundwater remediation and monitoring. The recorded liability is based on assumptions in the remedial action plan as well as estimates for future remediation activities. Although the Company sold the Sarasota facility and related property in December 2011, the liability to remediate the site contamination remains the responsibility of the Company. Due to the ongoing site remediation, the Company is currently required to maintain a $1,489 letter of credit for the benefit of the buyer. The Company’s Stoneridge Brazil subsidiary has civil, labor and other tax contingencies (excluding income tax) for which the likelihood of loss is deemed to be reasonably possible, but not probable, by the Company’s legal advisors in Brazil. As a result, no provision has been recorded with respect to these contingencies, which amounted to R$40,976 ($7,372) and R$41,681 ($8,609) at June 30, 2024 and December 31, 2023, respectively. An unfavorable outcome on these contingencies could result in significant cost to the Company and adversely affect its results of operations and cash flows. On August 12, 2020, the Brazilian Administrative Counsel for Economic Defense (“CADE”) issued a ruling against Stoneridge Brazil for abuse of dominance and market foreclosure through its prior use of exclusivity provisions in agreements with its distributors. The CADE tribunal imposed a R$7,995 ($1,438) fine which is included in the reasonably possible contingencies noted above. The Company continues to challenge this ruling in Brazilian federal court to reverse this decision by the CADE tribunal. Long Term Supply Commitment In 2022, the Company entered into a long term supply agreement, as amended, with a supplier for the purchase of certain electronic semiconductor components through December 31, 2027. Pursuant to the agreement, the Company paid capacity deposits of $1,000 in December 2022 and June 2023, respectively. The capacity deposits are recognized in prepaid and other current assets on our condensed consolidated balance sheets and amortized ratably over the life of the purchase commitment. This long term supply agreement requires the Company to purchase minimum annual volumes while requiring the supplier to sell these components at a fixed price. The Company purchased $626 and $2,662 of these components during the three months ended June 30, 2024 and 2023, respectively, and $822 and $3,327 during the six months ended June 30, 2024 and 2023, respectively. The Company is required to purchase $3,914, $10,764, $10,764 and $3,914 of these components in each of the years 2024 through 2027, respectively. Product Warranty and Recall Amounts accrued for product warranty and recall claims are established based on the Company’s best estimate of the amounts necessary to settle existing and future claims on products sold as of the balance sheet dates. These accruals are based on several factors including past experience, production changes, industry developments and various other considerations. Our estimate is based on historical trends of units sold and claim payment amounts, combined with our current understanding of the status of existing claims, forecasts of the resolution of existing claims, expected future claims on products sold and commercial discussions with our customers. The key factors in our estimate are the warranty period and the customer source. The Company can provide no assurances that it will not experience material claims or that it will not incur significant costs to defend or settle such claims beyond the amounts accrued. The current portion of the product warranty and recall reserve is included as a component of accrued expenses and other current liabilities on the condensed consolidated balance sheets. Product warranty and recall reserve included $8,556 and $7,228 of a long-term liability at June 30, 2024 and December 31, 2023, respectively, which is included as a component of other long-term liabilities on the condensed consolidated balance sheets. During the second quarter of 2023, the Company received a demand for arbitration from one of our customers seeking recovery for warranty claims related to past sales of PM sensor products, a product line we exited in 2019. In March 2024, pursuant to the arbitration process, the customer submitted a formal statement of claim notification for 29,340 euro ($31,433). In May 2024, the Company responded with a formal statement of defense denying responsibility for the claim. Based on our review of the technical merits and specific claims as well as prior discussions with the customer, we believe these warranty claims lack merit and are significantly overstated. While no assurances can be made as to the ultimate outcome of this matter, or any other future claims, we do not currently believe a material loss is probable. The following provides a reconciliation of changes in product warranty and recall reserve liability: Six months ended June 30, 2024 2023 Product warranty and recall reserve at beginning of period $ 21,610 $ 13,477 Accruals for warranties established during period 10,030 7,636 Aggregate changes in pre-existing liabilities due to claim developments 399 327 Settlements made during the period (6,899) (3,784) Foreign currency translation (692) (196) Product warranty and recall reserve at end of period $ 24,448 $ 17,460

Business Realignment and Restru

Business Realignment and Restructuring	6 Months Ended
	Jun. 30, 2024
Restructuring and Related Activities [Abstract]
Business Realignment and Restructuring	Business Realignment and Restructuring The Company regularly evaluates the performance of its businesses and cost structures, including personnel, and makes necessary changes thereto in order to optimize its results. The Company also evaluates the required skill sets of its personnel and periodically makes strategic changes. As a consequence of these actions, the Company incurs severance related costs that are referred to as business realignment charges. Business realignment charges incurred by reportable segment were as follows: Three months ended Six months ended 2024 2023 2024 2023 Control Devices (A) $ — $ 379 $ — $ 379 Electronics (B) 1,890 1,347 1,890 1,656 Unallocated Corporate (C) 59 184 59 1,137 Total business realignment charges $ 1,949 $ 1,910 $ 1,949 $ 3,172 _____________________________________ (A) Severance costs for the three and six months ended June 30, 2023 related to COGS and SG&A were $369 and $10, respectively. (B) Severance costs for the three and six months ended June 30, 2024 related to D&D and SG&A were $1,432 and $458, respectively. Severance costs for the three months ended June 30, 2023 related to COGS and SG&A were $82 and $1,265, respectively. Severance costs for the six months ended June 30, 2023 related to COGS and SG&A were $257 and $1,399, respectively. (C) Severance costs related costs for the three and six months ended June 30, 2024 related to SG&A were $59. Severance costs related costs for the three and six months ended June 30, 2023 related to SG&A were $169 and $1,122, respectively. Severance costs related costs for the three and six months ended June 30, 2023 related to D&D were $15. Business realignment charges incurred, classified by statement of operations line item were as follows: Three months ended Six months ended 2024 2023 2024 2023 Cost of goods sold $ — $ 451 $ — $ 626 Selling, general and administrative 517 1,444 517 2,531 Design and development 1,432 15 1,432 15 Total business realignment charges $ 1,949 $ 1,910 $ 1,949 $ 3,172

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For interim tax reporting, we estimate our annual effective tax rate and apply it to our year to date ordinary income. Tax jurisdictions with a projected or year to date loss for which a benefit cannot be realized are excluded. For the three months ended June 30, 2024, income tax benefit of $936 was attributable to the mix of earnings among tax jurisdictions and U.S. taxes on foreign earnings, offset by tax losses for which no benefit is recognized due to valuation allowances in certain jurisdictions. The effective tax rate of (50.6)% varies from the statutory rate primarily due to U.S. taxes on foreign earnings offset by the impact of tax losses for which no benefit is recognized due to valuation allowances in certain jurisdictions. For the three months ended June 30, 2023, income tax expense of $1,487 was attributable to the mix of earnings among tax jurisdictions as well as tax losses for which no benefit is recognized due to valuation allowances in certain jurisdictions. The effective tax rate of (98.8)% varies from the statutory rate primarily due to U.S. taxes on foreign earnings and non-deductible expenses offset by the impact of tax losses for which no benefit is recognized due to valuation allowances in certain jurisdictions and tax credits and incentives. For the six months ended June 30, 2024, income tax benefit of $426 was attributable to the mix of earnings among tax jurisdictions and U.S. taxes on foreign earnings offset by tax losses for which no benefit is recognized due to valuation allowances in certain jurisdictions and tax credits and incentives. The effective tax rate of 11.3% varies from the statutory rate primarily due to U.S. taxes on foreign earnings offset by the impact of tax losses for which no benefit is recognized due to valuation allowances in certain jurisdictions and tax credits and incentives. For the six months ended June 30, 2023, income tax expense of $779 was attributable to the mix of earnings among tax jurisdictions as well as tax losses for which no benefit is recognized due to valuation allowances in certain jurisdictions. The effective tax rate of (8.1)% varies from the statutory rate primarily due to U.S. taxes on foreign earnings and non-deductible expenses offset by the impact of tax losses for which no benefit is recognized due to valuation allowances in certain jurisdictions and tax credits and incentives. The OECD (Organisation for Economic Co-operation and Development) implemented a 15% global corporate minimum tax (Pillar Two) to ensure that large multinational enterprises pay a minimum level of tax in the countries they operate. During 2023, many countries took steps to incorporate Pillar Two into their domestic laws. In 2024, we do not expect a material change to our income tax provision in connection with Pillar Two. As additional jurisdictions implement this legislation, our effective tax rate and cash tax payments could increase in future years.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting Operating segments are defined as components of an enterprise that are evaluated regularly by the Company’s chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision maker is the Chief Executive Officer. The Company has three reportable segments, Control Devices, Electronics and Stoneridge Brazil, which also represent its operating segments. The Control Devices reportable segment produces actuators, sensors, switches and connectors. The Electronics reportable segment produces driver information systems, vision and safety systems, connectivity and compliance products and electronic control units. The Stoneridge Brazil reportable segment designs and manufactures vehicle tracking devices and monitoring services, vehicle security alarms and convenience accessories, in-vehicle audio and infotainment devices, driver information systems and telematics solutions. The accounting policies of the Company’s reportable segments are the same as those described in Note 2, “Summary of Significant Accounting Policies” of the Company’s 2023 Form 10-K . The Company’s management evaluates the performance of its reportable segments based primarily on revenues from external customers, capital expenditures and operating income. Inter-segment sales are accounted for on terms similar to those to third parties and are eliminated upon consolidation. The financial information presented below is for our three reportable operating segments and includes adjustments for unallocated corporate costs and intercompany eliminations, where applicable. Such costs and eliminations do not meet the requirements for being classified as an operating segment. Corporate costs include various support functions, such as accounting/finance, executive administration, human resources, information technology and legal. A summary of financial information by reportable segment is as follows: Three months ended Six Months Ended 2024 2023 2024 2023 Net Sales: Control Devices $ 79,899 $ 92,120 $ 157,057 $ 178,062 Inter-segment sales 955 970 1,786 1,704 Control Devices net sales 80,854 93,090 158,843 179,766 Electronics 145,511 159,786 295,294 300,913 Inter-segment sales 7,967 8,491 14,308 17,007 Electronics net sales 153,478 168,277 309,602 317,920 Stoneridge Brazil 11,649 14,908 23,865 29,164 Inter-segment sales 199 — 199 — Stoneridge Brazil net sales 11,848 14,908 24,064 29,164 Eliminations (9,121) (9,461) (16,293) (18,711) Total net sales $ 237,059 $ 266,814 $ 476,216 $ 508,139 Operating Income (Loss): Control Devices $ 3,725 $ 5,074 $ 5,889 $ 7,161 Electronics 9,831 7,444 16,920 8,844 Stoneridge Brazil (41) 899 163 2,242 Unallocated Corporate (A) (10,108) (9,086) (19,234) (17,945) Total operating income $ 3,407 $ 4,331 $ 3,738 $ 302 Depreciation and Amortization: Control Devices $ 2,806 $ 3,099 $ 5,669 $ 6,273 Electronics 3,903 3,503 7,764 6,967 Stoneridge Brazil 1,221 1,201 2,497 2,286 Unallocated Corporate 620 605 1,204 1,207 Total depreciation and amortization (B) $ 8,550 $ 8,408 $ 17,134 $ 16,733 Interest Expense (Income), net: Control Devices $ (19) $ 65 $ (19) $ 83 Electronics 501 511 1,104 996 Stoneridge Brazil (224) (319) (594) (589) Unallocated Corporate 3,543 2,863 6,944 5,376 Total interest expense, net $ 3,801 $ 3,120 $ 7,435 $ 5,866 Capital Expenditures: Control Devices $ 1,587 $ 2,019 $ 3,104 $ 3,975 Electronics 2,977 2,334 4,354 8,541 Stoneridge Brazil 799 782 1,739 1,418 Unallocated Corporate (C) 326 217 760 329 Total capital expenditures $ 5,689 $ 5,352 $ 9,957 $ 14,263 June 30, December 31, Total Assets: Control Devices $ 156,173 $ 159,612 Electronics 400,787 404,994 Stoneridge Brazil 54,100 66,318 Corporate (C) 455,731 419,469 Eliminations (400,140) (370,493) Total assets $ 666,651 $ 679,900 The following tables present net sales and long-term assets for each of the geographic areas in which the Company operates: Three months ended Six Months Ended 2024 2023 2024 2023 Net Sales: North America $ 121,515 $ 135,590 $ 239,630 $ 259,313 South America 11,649 14,908 23,865 29,164 Europe and Other 103,895 116,316 212,721 219,662 Total net sales $ 237,059 $ 266,814 $ 476,216 $ 508,139 June 30, December 31, Long-term Assets: North America $ 97,959 $ 92,419 South America 28,704 32,679 Europe and Other 118,030 125,412 Total long-term assets $ 244,693 $ 250,510 __________________________________________________________ (A) Unallocated Corporate expenses include, among other items, accounting/finance, human resources, information technology and legal costs as well as share-based compensation. (B) These amounts represent depreciation and amortization on property, plant and equipment and certain intangible assets. (C) Assets located at Corporate consist primarily of cash, intercompany loan receivables, fixed assets for the corporate headquarter building, leased assets, information technology assets, equity investments and investments in subsidiaries.

Investments

Investments	6 Months Ended
	Jun. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]
Investments	Investments In December 2018, the Company entered into an agreement to make a $10,000 investment in a fund (“Autotech Fund II”) managed by Autotech Ventures (“Autotech”), a venture capital firm focused on ground transportation technology which is accounted for under the equity method of accounting. The Company’s $10,000 investment in the Autotech Fund II will be contributed over the expected ten-year life of the fund. The Company has contributed $8,660 to the Autotech Fund II as of June 30, 2024. The Company contributed $260 and $0 to Autotech Fund II during the six months ended June 30, 2024 and 2023, respectively. The Company did not receive distributions from Autotech Fund II during the six months ended June 30, 2024 or 2023. The Company has a 6.6% interest in Autotech Fund II. The Company recognized losses of $52 and $329 during the three months ended June 30, 2024 and 2023, respectively. The Company recognized losses of $329 and $500 during the six months ended June 30, 2024 and 2023, respectively. The Autotech Fund II investment recorded in investments and other long-term assets in the condensed consolidated balance sheets was $8,403 and $8,472 as of June 30, 2024 and December 31, 2023, respectively.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net income (loss)	$ 2,786	$ (6,126)	$ (2,992)	$ (7,386)	$ (3,340)	$ (10,378)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Recently Issued Accounting St_2

Recently Issued Accounting Standards (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying condensed consolidated financial statements have been prepared by Stoneridge, Inc. (the “Company”) without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The information furnished in the condensed consolidated financial statements includes normal recurring adjustments and reflects all adjustments, which are, in the opinion of management, necessary for a fair presentation of such financial statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) have been condensed or omitted pursuant to the SEC’s rules and regulations. The results of operations for the three months ended June 30, 2024 are not necessarily indicative of the results to be expected for the full year. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s 2023 Form 10-K .
Reclassifications	Reclassifications Certain prior period amounts have been reclassified to conform to their 2024 presentation in the condensed consolidated financial statements.
Accounting Standards Not Yet Adopted	Accounting Standards Not Yet Adopted In November 2023, the FASB issued ASU No. 2023-07, "Segment Reporting (Topic 280) – Improvements to Reportable Segment Disclosures", which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. The updated standard is effective for annual periods beginning in fiscal 2025 and interim periods beginning in the first quarter of fiscal 2026. Early adoption is permitted. We are currently evaluating the impact that the updated standard will have on our financial statement disclosures. In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740) – Improvements to Income Tax Disclosures," which requires companies to disclose, on an annual basis, specific categories in the effective tax rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. In addition, companies are required to disclose additional information about income taxes paid. The standard is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The standard is to be adopted on a prospective basis; however, retrospective application is permitted. We are currently evaluating the impact on our annual consolidated financial statement disclosures.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Revenue by Segment and Geographical Location	The following tables disaggregate our revenue by reportable segment and geographical location (1) for the three months ended June 30, 2024 and 2023: Control Devices Electronics Stoneridge Brazil Consolidated Three months ended June 30, 2024 2023 2024 2023 2024 2023 2024 2023 Net Sales: North America $ 67,391 $ 78,745 $ 54,124 $ 56,845 $ — $ — $ 121,515 $ 135,590 South America — — — — 11,649 14,908 11,649 14,908 Europe — — 90,613 99,169 — — 90,613 99,169 Asia Pacific 12,508 13,375 774 3,772 — — 13,282 17,147 Total net sales $ 79,899 $ 92,120 $ 145,511 $ 159,786 $ 11,649 $ 14,908 $ 237,059 $ 266,814 The following tables disaggregate our revenue by reportable segment and geographical location (1) for the six months ended June 30, 2024 and 2023: Control Devices Electronics Stoneridge Brazil Consolidated Six months ended June 30, 2024 2023 2024 2023 2024 2023 2024 2023 Net Sales: North America $ 133,213 $ 154,426 $ 106,417 $ 104,887 $ — $ — $ 239,630 $ 259,313 South America — — — — 23,865 29,164 23,865 29,164 Europe — — 186,988 186,418 — — 186,988 186,418 Asia Pacific 23,844 23,636 1,889 9,608 — — 25,733 33,244 Total net sales $ 157,057 $ 178,062 $ 295,294 $ 300,913 $ 23,865 $ 29,164 $ 476,216 $ 508,139 _______________________ (1) Company sales based on geographic location are where the sale originates not where the customer is located.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consist of the following: June 30, December 31, Raw materials $ 131,100 $ 142,744 Work-in-progress 10,398 11,907 Finished goods 37,251 33,107 Total inventories, net $ 178,749 $ 187,758

Financial Instruments and Fai_2

Financial Instruments and Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Notional Amounts and Fair Values of Derivative Instruments in the Consolidated Balance	The notional amounts and fair values of derivative instruments in the condensed consolidated balance sheets were as follows: Notional amounts (A) Prepaid expenses Accrued expenses and June 30, December 31, June 30, December 31, June 30, December 31, Derivatives designated as hedging instruments: Cash flow hedges: Forward currency contracts $ 29,023 $ 26,613 $ — $ 1,858 $ 838 $ — _____________________________ (A) Notional amounts represent the gross contract of the derivatives outstanding in U.S. dollars.
Schedule of Amounts Recorded for the Cash Flow Hedges in Other Comprehensive Income (Loss) in Shareholders' Equity and in Net Income (Loss)	Gross amounts recorded for the cash flow hedges in other comprehensive (loss) income and in net income (loss) for the three months ended June 30 were as follows: (Loss) gain recorded in other Gain reclassified from other comprehensive (loss) income into net income (loss) (A) 2024 2023 2024 2023 Derivatives designated as cash flow hedges: Forward currency contracts $ (2,371) $ 416 $ 414 $ 51 _____________________________ (A) Gains reclassified from other comprehensive (loss) income into net income (loss) recognized in selling, general and administrative expenses (“SG&A”) in the Company’s condensed consolidated statements of operations were $134 and $13 for the three months ended June 30, 2024 and 2023, respectively. Gains reclassified from other comprehensive (loss) income into net income (loss) recognized in cost of goods sold (“COGS”) in the Company’s condensed consolidated statements of operations were $280 and $38 for the three months ended June 30, 2024 and 2023, respectively. Gross amounts recorded for the cash flow and net investment hedges in other comprehensive (loss) income and in net income (loss) for the six months ended June 30 were as follows: (Loss) gain recorded in other Gain reclassified from other comprehensive (loss) income into net loss (A) 2024 2023 2024 2023 Derivatives designated as cash flow hedges: Forward currency contracts $ (1,628) $ 416 $ 1,068 $ 51 Interest rate swap $ — $ (4) $ — $ 290 (A) Gains reclassified from other comprehensive (loss) income into net loss recognized in SG&A in the Company’s condensed consolidated statements of operations were $251 and $13 for the six months ended June 30, 2024 and 2023, respectively. Gains reclassified from other comprehensive (loss) income into net loss recognized in COGS in the Company’s condensed consolidated statements of operations were $817 and $38 for the six months ended June 30, 2024 and 2023, respectively. Gains reclassified from other comprehensive (loss) income into net loss recognized in interest expense, net in the Company’s condensed consolidated statements of operations were $0 and $290 for the six months ended June 30, 2024 and 2023, respectively.
Schedule of Assets and Liabilities that are Measured at Fair Value on a Recurring Basis	The following table presents our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the three levels of the fair value hierarchy based on the reliability of inputs used. June 30, December 31, Fair values estimated using Fair Level 1 Level 2 Level 3 Fair Financial assets carried at fair value: Forward currency contracts $ — $ — $ — $ — $ 1,858 Total financial assets carried at fair value $ — $ — $ — $ — $ 1,858 Financial liabilities carried at fair value: Forward currency contracts $ 838 $ — $ 838 $ — $ — Total financial liabilities carried at fair value $ 838 $ — $ 838 $ — $ —

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Debt	Debt consisted of the following at June 30, 2024 and December 31, 2023: June 30, December 31, Interest rates at June 30, 2024 Maturity Revolving Credit Facility Revolving Credit Facility $ 187,417 $ 189,346 7.48 % November 2026 Debt Suzhou short-term credit line 2,064 2,113 3.25 % August 2024 Total debt 2,064 2,113 Less: current portion (2,064) (2,113) Total long-term debt, net $ — $ —

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Weighted-Average Number of Shares	Weighted-average Common Shares outstanding used in calculating basic and diluted earnings per share were as follows: Three months ended Six months ended 2024 2023 2024 2023 Basic weighted-average Common Shares outstanding 27,610,756 27,451,623 27,570,014 27,400,490 Effect of dilutive shares 241,871 — — — Diluted weighted-average Common Shares outstanding 27,852,627 27,451,623 27,570,014 27,400,490

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive (Loss) Income (Tables)	6 Months Ended
	Jun. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Changes in Accumulated Other Comprehensive (Loss) Income by Component	Changes in accumulated other comprehensive (loss) income for the three months ended June 30, 2024 and 2023 were as follows: Foreign Unrealized Total Balance at April 1, 2024 $ (99,135) $ 1,538 $ (97,597) Other comprehensive loss before reclassifications (8,454) (1,873) (10,327) Amounts reclassified from accumulated other comprehensive loss — (327) (327) Net other comprehensive loss, net of tax (8,454) (2,200) (10,654) Balance at June 30, 2024 $ (107,589) $ (662) $ (108,251) Balance at April 1, 2023 $ (99,302) $ — $ (99,302) Other comprehensive income before reclassifications 2,992 328 3,320 Amounts reclassified from accumulated other comprehensive loss — (40) (40) Net other comprehensive income, net of tax 2,992 288 3,280 Balance at June 30, 2023 $ (96,310) $ 288 $ (96,022) Changes in accumulated other comprehensive loss for the six months ended June 30, 2024 and 2023 were as follows: Foreign Unrealized Total Balance at January 1, 2024 $ (94,256) $ 1,468 $ (92,788) Other comprehensive loss before reclassifications (13,333) (1,286) (14,619) Amounts reclassified from accumulated other comprehensive loss — (844) (844) Net other comprehensive loss, net of tax (13,333) (2,130) (15,463) Balance at June 30, 2024 $ (107,589) $ (662) $ (108,251) Balance at January 1, 2023 $ (103,374) $ 232 $ (103,142) Other comprehensive income before reclassifications 7,064 325 7,389 Amounts reclassified from accumulated other comprehensive loss — (269) (269) Net other comprehensive income, net of tax 7,064 56 7,120 Balance at June 30, 2023 $ (96,310) $ 288 $ (96,022)

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Product Warranty and Recall Liability	The following provides a reconciliation of changes in product warranty and recall reserve liability: Six months ended June 30, 2024 2023 Product warranty and recall reserve at beginning of period $ 21,610 $ 13,477 Accruals for warranties established during period 10,030 7,636 Aggregate changes in pre-existing liabilities due to claim developments 399 327 Settlements made during the period (6,899) (3,784) Foreign currency translation (692) (196) Product warranty and recall reserve at end of period $ 24,448 $ 17,460

Business Realignment and Rest_2

Business Realignment and Restructuring (Tables)	6 Months Ended
	Jun. 30, 2024
Restructuring and Related Activities [Abstract]
Schedule of Restructuring and Related Costs	Business realignment charges incurred by reportable segment were as follows: Three months ended Six months ended 2024 2023 2024 2023 Control Devices (A) $ — $ 379 $ — $ 379 Electronics (B) 1,890 1,347 1,890 1,656 Unallocated Corporate (C) 59 184 59 1,137 Total business realignment charges $ 1,949 $ 1,910 $ 1,949 $ 3,172 _____________________________________ (A) Severance costs for the three and six months ended June 30, 2023 related to COGS and SG&A were $369 and $10, respectively. (B) Severance costs for the three and six months ended June 30, 2024 related to D&D and SG&A were $1,432 and $458, respectively. Severance costs for the three months ended June 30, 2023 related to COGS and SG&A were $82 and $1,265, respectively. Severance costs for the six months ended June 30, 2023 related to COGS and SG&A were $257 and $1,399, respectively. (C) Severance costs related costs for the three and six months ended June 30, 2024 related to SG&A were $59. Severance costs related costs for the three and six months ended June 30, 2023 related to SG&A were $169 and $1,122, respectively. Severance costs related costs for the three and six months ended June 30, 2023 related to D&D were $15.
Schedule of Business Realignment Charges Classified by Statement of Operations	Business realignment charges incurred, classified by statement of operations line item were as follows: Three months ended Six months ended 2024 2023 2024 2023 Cost of goods sold $ — $ 451 $ — $ 626 Selling, general and administrative 517 1,444 517 2,531 Design and development 1,432 15 1,432 15 Total business realignment charges $ 1,949 $ 1,910 $ 1,949 $ 3,172

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	A summary of financial information by reportable segment is as follows: Three months ended Six Months Ended 2024 2023 2024 2023 Net Sales: Control Devices $ 79,899 $ 92,120 $ 157,057 $ 178,062 Inter-segment sales 955 970 1,786 1,704 Control Devices net sales 80,854 93,090 158,843 179,766 Electronics 145,511 159,786 295,294 300,913 Inter-segment sales 7,967 8,491 14,308 17,007 Electronics net sales 153,478 168,277 309,602 317,920 Stoneridge Brazil 11,649 14,908 23,865 29,164 Inter-segment sales 199 — 199 — Stoneridge Brazil net sales 11,848 14,908 24,064 29,164 Eliminations (9,121) (9,461) (16,293) (18,711) Total net sales $ 237,059 $ 266,814 $ 476,216 $ 508,139 Operating Income (Loss): Control Devices $ 3,725 $ 5,074 $ 5,889 $ 7,161 Electronics 9,831 7,444 16,920 8,844 Stoneridge Brazil (41) 899 163 2,242 Unallocated Corporate (A) (10,108) (9,086) (19,234) (17,945) Total operating income $ 3,407 $ 4,331 $ 3,738 $ 302 Depreciation and Amortization: Control Devices $ 2,806 $ 3,099 $ 5,669 $ 6,273 Electronics 3,903 3,503 7,764 6,967 Stoneridge Brazil 1,221 1,201 2,497 2,286 Unallocated Corporate 620 605 1,204 1,207 Total depreciation and amortization (B) $ 8,550 $ 8,408 $ 17,134 $ 16,733 Interest Expense (Income), net: Control Devices $ (19) $ 65 $ (19) $ 83 Electronics 501 511 1,104 996 Stoneridge Brazil (224) (319) (594) (589) Unallocated Corporate 3,543 2,863 6,944 5,376 Total interest expense, net $ 3,801 $ 3,120 $ 7,435 $ 5,866 Capital Expenditures: Control Devices $ 1,587 $ 2,019 $ 3,104 $ 3,975 Electronics 2,977 2,334 4,354 8,541 Stoneridge Brazil 799 782 1,739 1,418 Unallocated Corporate (C) 326 217 760 329 Total capital expenditures $ 5,689 $ 5,352 $ 9,957 $ 14,263 June 30, December 31, Total Assets: Control Devices $ 156,173 $ 159,612 Electronics 400,787 404,994 Stoneridge Brazil 54,100 66,318 Corporate (C) 455,731 419,469 Eliminations (400,140) (370,493) Total assets $ 666,651 $ 679,900
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas	The following tables present net sales and long-term assets for each of the geographic areas in which the Company operates: Three months ended Six Months Ended 2024 2023 2024 2023 Net Sales: North America $ 121,515 $ 135,590 $ 239,630 $ 259,313 South America 11,649 14,908 23,865 29,164 Europe and Other 103,895 116,316 212,721 219,662 Total net sales $ 237,059 $ 266,814 $ 476,216 $ 508,139 June 30, December 31, Long-term Assets: North America $ 97,959 $ 92,419 South America 28,704 32,679 Europe and Other 118,030 125,412 Total long-term assets $ 244,693 $ 250,510 __________________________________________________________ (A) Unallocated Corporate expenses include, among other items, accounting/finance, human resources, information technology and legal costs as well as share-based compensation. (B) These amounts represent depreciation and amortization on property, plant and equipment and certain intangible assets. (C) Assets located at Corporate consist primarily of cash, intercompany loan receivables, fixed assets for the corporate headquarter building, leased assets, information technology assets, equity investments and investments in subsidiaries.

Revenue - Revenue by Segment an

Revenue - Revenue by Segment and Geographical Location (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total net sales	$ 237,059	$ 266,814	$ 476,216	$ 508,139
North America
Disaggregation of Revenue [Line Items]
Total net sales	121,515	135,590	239,630	259,313
South America
Disaggregation of Revenue [Line Items]
Total net sales	11,649	14,908	23,865	29,164
Europe
Disaggregation of Revenue [Line Items]
Total net sales	90,613	99,169	186,988	186,418
Asia Pacific
Disaggregation of Revenue [Line Items]
Total net sales	13,282	17,147	25,733	33,244
Control Devices
Disaggregation of Revenue [Line Items]
Total net sales	79,899	92,120	157,057	178,062
Control Devices | North America
Disaggregation of Revenue [Line Items]
Total net sales	67,391	78,745	133,213	154,426
Control Devices | South America
Disaggregation of Revenue [Line Items]
Total net sales	0	0	0	0
Control Devices | Europe
Disaggregation of Revenue [Line Items]
Total net sales	0	0	0	0
Control Devices | Asia Pacific
Disaggregation of Revenue [Line Items]
Total net sales	12,508	13,375	23,844	23,636
Electronics
Disaggregation of Revenue [Line Items]
Total net sales	145,511	159,786	295,294	300,913
Electronics | North America
Disaggregation of Revenue [Line Items]
Total net sales	54,124	56,845	106,417	104,887
Electronics | South America
Disaggregation of Revenue [Line Items]
Total net sales	0	0	0	0
Electronics | Europe
Disaggregation of Revenue [Line Items]
Total net sales	90,613	99,169	186,988	186,418
Electronics | Asia Pacific
Disaggregation of Revenue [Line Items]
Total net sales	774	3,772	1,889	9,608
Stoneridge Brazil
Disaggregation of Revenue [Line Items]
Total net sales	11,649	14,908	23,865	29,164
Stoneridge Brazil | North America
Disaggregation of Revenue [Line Items]
Total net sales	0	0	0	0
Stoneridge Brazil | South America
Disaggregation of Revenue [Line Items]
Total net sales	11,649	14,908	23,865	29,164
Stoneridge Brazil | Europe
Disaggregation of Revenue [Line Items]
Total net sales	0	0	0	0
Stoneridge Brazil | Asia Pacific
Disaggregation of Revenue [Line Items]
Total net sales	$ 0	$ 0	$ 0	$ 0

Revenue - Narrative (Details)

Revenue - Narrative (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Contract assets	$ 0	$ 0
Contract liabilities	0	0
Capitalized contract acquisition costs	$ 0	$ 0

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 131,100	$ 142,744
Work-in-progress	10,398	11,907
Finished goods	37,251	33,107
Total inventories, net	$ 178,749	$ 187,758

Inventories - Narrative (Detail

Inventories - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Inventory amount, FIFO	$ 166,118	$ 176,033
Inventory amount, weighted average cost	$ 12,631	$ 11,725

Financial Instruments and Fai_3

Financial Instruments and Fair Value Measurements - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Feb. 18, 2020
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Foreign currency transaction (gains) losses	$ (2,270)	$ 2,356	$ (326)	$ 3,458
Interest expense, net	(3,801)	$ (3,120)	(7,435)	(5,866)
Cash flow hedges | Mexican Peso-Denominated Foreign Currency Forward Contracts
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Notional amounts	$ 29,023		$ 29,023		$ 26,613
Cash flow hedges | Interest rate swap
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Notional amounts						$ 50,000
Interest expense, net				$ 290

Financial Instruments and Fai_4

Financial Instruments and Fair Value Measurements - Schedule of Derivative Instruments in Statement of Financial Position, Fair Value (Details) - Designated as Hedging Instrument - Cash flow hedges - Forward currency contracts - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Notional amounts	$ 29,023	$ 26,613
Derivative assets at fair value	0	1,858
Derivative liabilities at fair value	$ 838	$ 0

Financial Instruments and Fai_5

Financial Instruments and Fair Value Measurements - Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) (Details) - Designated as Hedging Instrument - Cash flow hedges - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Selling, general and administrative
Derivatives designated as cash flow hedges:
Gain reclassified from other comprehensive (loss) income into net income (loss)	$ 134	$ 13	$ 251	$ 13
Cost of goods sold
Derivatives designated as cash flow hedges:
Gain reclassified from other comprehensive (loss) income into net income (loss)	280	38	817	38
Interest expense, net
Derivatives designated as cash flow hedges:
Gain reclassified from other comprehensive (loss) income into net income (loss)			0	290
Forward currency contracts
Derivatives designated as cash flow hedges:
(Loss) gain recorded in other comprehensive (loss) income	(2,371)	416	(1,628)	416
Gain reclassified from other comprehensive (loss) income into net income (loss)	$ 414	$ 51	1,068	51
Interest rate swap
Derivatives designated as cash flow hedges:
(Loss) gain recorded in other comprehensive (loss) income			0	(4)
Gain reclassified from other comprehensive (loss) income into net income (loss)			$ 0	$ 290

Financial Instruments and Fai_6

Financial Instruments and Fair Value Measurements - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - Fair value - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financial assets carried at fair value:
Forward currency contracts	$ 0	$ 1,858
Total financial assets carried at fair value	0	1,858
Financial liabilities carried at fair value:
Forward currency contracts	838	0
Total financial liabilities carried at fair value	838	$ 0
Level 1 inputs
Financial assets carried at fair value:
Forward currency contracts	0
Total financial assets carried at fair value	0
Financial liabilities carried at fair value:
Forward currency contracts	0
Total financial liabilities carried at fair value	0
Level 2 inputs
Financial assets carried at fair value:
Forward currency contracts	0
Total financial assets carried at fair value	0
Financial liabilities carried at fair value:
Forward currency contracts	838
Total financial liabilities carried at fair value	838
Level 3 inputs
Financial assets carried at fair value:
Forward currency contracts	0
Total financial assets carried at fair value	0
Financial liabilities carried at fair value:
Forward currency contracts	0
Total financial liabilities carried at fair value	$ 0

Share-Based Compensation - (Nar

Share-Based Compensation - (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Share-based compensation expense	$ 1,115	$ 1,202	$ 2,207	$ 1,271

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Debt
Total debt	$ 2,064	$ 2,113
Less: current portion	(2,064)	(2,113)
Total long-term debt, net	0	0
Revolving Credit Facility | Credit Agreement
Debt Instrument [Line Items]
Revolving credit facility	$ 187,417	189,346
Debt
Outstanding credit lines interest rate	7.48%
Suzhou short-term credit line
Debt Instrument [Line Items]
Revolving credit facility	$ 2,064	$ 2,113
Debt
Outstanding credit lines interest rate	3.25%

Debt - Narrative (Details)

Debt - Narrative (Details) ¥ in Thousands, kr in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2024 SEK (kr)	Jun. 30, 2024 CNY (¥)	Dec. 31, 2023 SEK (kr)	Dec. 31, 2023 CNY (¥)	Nov. 02, 2023 USD ($)	Jun. 05, 2019 USD ($)
Debt Instrument [Line Items]
Utilized amounts on line of credit	$ 57,000,000	$ 42,000,000
Revolving Credit Facility | Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity								$ 275,000,000	$ 300,000,000
Increase in maximum borrowing capacity of credit facility								$ 150,000,000
Debt instrument covenant default of other debt maximum amount	30,000,000
Debt instrument covenant uninsured asset losses maximum amount	30,000,000
Revolving credit facility	187,417,000		$ 189,346,000
Revolving Credit Facility | Fourth Amended And Restated Credit Agreement
Debt Instrument [Line Items]
Capitalized deferred financing costs			332,000
Revolving Credit Facility | Fifth Amended And Restated Credit Agreement
Debt Instrument [Line Items]
Capitalized deferred financing costs			1,915,000
Write off of deferred financing costs			309,000
Letter of Credit
Debt Instrument [Line Items]
Outstanding letters of credit	1,586,000		1,586,000
Sweden short-term credit line
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	1,888,000		1,987,000	kr 20,000		kr 20,000
Revolving credit facility	0		0
Line of credit	17,609,000			kr 186,496
Suzhou short-term credit line
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	2,752,000		2,818,000		¥ 20,000		¥ 20,000
Revolving credit facility	$ 2,064,000		$ 2,113,000
Outstanding credit lines weighted-average interest rate	3.25%		3.25%	3.25%	3.25%	3.25%	3.25%
Payment term extension	180 days
Credit facility, borrowing capacity	$ 8,256,000		$ 8,453,000		¥ 60,000		¥ 60,000
Utilized amounts on line of credit	$ 0		$ 2,387,000

Earnings (Loss) Per Share - Nar

Earnings (Loss) Per Share - Narrative (Details) - shares	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Operating Loss Carryforwards [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	233,202	265,815	256,514
Performance Based Right to Receive Common Shares
Operating Loss Carryforwards [Line Items]
Common shares, non-vested (in shares)	425,612	646,500	425,612

Earnings (Loss) Per Share - Wei

Earnings (Loss) Per Share - Weighted Average Shares Outstanding Used in Calculating Basic and Diluted Net Income Per Share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Basic weighted-average Common Shares outstanding (in shares)	27,610,756	27,451,623	27,570,014	27,400,490
Effect of dilutive shares (in shares)	241,871	0	0	0
Diluted weighted-average Common Shares outstanding (in shares)	27,852,627	27,451,623	27,570,014	27,400,490

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 277,256	$ 276,243	$ 287,717	$ 280,942
Other comprehensive income (loss) before reclassifications	(10,327)	3,320	(14,619)	7,389
Amounts reclassified from accumulated other comprehensive loss	(327)	(40)	(844)	(269)
Other comprehensive (loss) income, net of tax	(10,654)	3,280	(15,463)	7,120
Ending balance	270,451	277,638	270,451	277,638
Accumulated Other Comprehensive (Loss) Income
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(97,597)	(99,302)	(92,788)	(103,142)
Ending balance	(108,251)	(96,022)	(108,251)	(96,022)
Foreign currency translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(99,135)	(99,302)	(94,256)	(103,374)
Other comprehensive income (loss) before reclassifications	(8,454)	2,992	(13,333)	7,064
Amounts reclassified from accumulated other comprehensive loss	0	0	0	0
Other comprehensive (loss) income, net of tax	(8,454)	2,992	(13,333)	7,064
Ending balance	(107,589)	(96,310)	(107,589)	(96,310)
Unrealized gain (loss) on derivatives
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	1,538	0	1,468	232
Other comprehensive income (loss) before reclassifications	(1,873)	328	(1,286)	325
Amounts reclassified from accumulated other comprehensive loss	(327)	(40)	(844)	(269)
Other comprehensive (loss) income, net of tax	(2,200)	288	(2,130)	56
Ending balance	$ (662)	$ 288	$ (662)	$ 288

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) € in Thousands, R$ in Thousands			1 Months Ended				3 Months Ended		6 Months Ended
	Aug. 12, 2020 USD ($)	Aug. 12, 2020 BRL (R$)	Mar. 31, 2024 USD ($)	Mar. 31, 2024 EUR (€)	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 BRL (R$)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 BRL (R$)
Short-term Debt [Line Items]
Groundwater remediation expense							$ 0	$ 0	$ 0	$ 125,000
Environmental remediation accrued undiscounted liability							129,000		129,000			$ 143,000
Paid capacity deposits					$ 1,000,000	$ 1,000,000
Components to be paid in 2024							3,914,000		3,914,000
Components to be paid in 2025							10,764,000		10,764,000
Components to be paid in 2026							10,764,000		10,764,000
Components to be paid in 2027							3,914,000		3,914,000
Product warranty and recall accrual							8,556,000		8,556,000			7,228,000
Customer claim notification (in excess of)			$ 31,433,000	€ 29,340
Long Term Supply Agreement
Short-term Debt [Line Items]
Components purchased							626,000	$ 2,662,000	822,000	$ 3,327,000
PST Eletronica Ltda | Civil, labor and other tax contingencies
Short-term Debt [Line Items]
Loss contingency, estimate of possible loss							7,372,000		7,372,000		R$ 40976	8,609,000	R$ 41681
PST Eletronica Ltda | CADE Fine
Short-term Debt [Line Items]
Litigation amount	$ 1,438,000	R$ 7995
Letter of Credit
Short-term Debt [Line Items]
Line of credit							1,489,000		1,489,000
Accrued expenses and other current liabilities
Short-term Debt [Line Items]
Environmental remediation accrued undiscounted liability							$ 129,000		$ 129,000			$ 136,000

Commitments and Contingencies_2

Commitments and Contingencies - Reconciliation of Changes in Product Warranty and Recall Liability (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Product warranty and recall reserve at beginning of period	$ 21,610	$ 13,477
Accruals for warranties established during period	10,030	7,636
Aggregate changes in pre-existing liabilities due to claim developments	399	327
Settlements made during the period	(6,899)	(3,784)
Foreign currency translation	(692)	(196)
Product warranty and recall reserve at end of period	$ 24,448	$ 17,460

Business Realignment and Rest_3

Business Realignment and Restructuring (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Restructuring Cost and Reserve [Line Items]
Total business realignment charges	$ 1,949	$ 1,910	$ 1,949	$ 3,172
Cost of goods sold
Restructuring Cost and Reserve [Line Items]
Total business realignment charges	0	451	0	626
Selling, general and administrative
Restructuring Cost and Reserve [Line Items]
Total business realignment charges	517	1,444	517	2,531
Design and development
Restructuring Cost and Reserve [Line Items]
Total business realignment charges	1,432	15	1,432	15
Operating Segments | Control Devices
Restructuring Cost and Reserve [Line Items]
Total business realignment charges	0	379	0	379
Operating Segments | Control Devices | Cost of goods sold
Restructuring Cost and Reserve [Line Items]
Severance costs		369		369
Operating Segments | Control Devices | Selling, general and administrative
Restructuring Cost and Reserve [Line Items]
Severance costs		10		10
Operating Segments | Electronics
Restructuring Cost and Reserve [Line Items]
Total business realignment charges	1,890	1,347	1,890	1,656
Operating Segments | Electronics | Cost of goods sold
Restructuring Cost and Reserve [Line Items]
Severance costs		82		257
Operating Segments | Electronics | Selling, general and administrative
Restructuring Cost and Reserve [Line Items]
Severance costs	458	1,265	458	1,399
Operating Segments | Electronics | Design and development
Restructuring Cost and Reserve [Line Items]
Severance costs	1,432		1,432
Unallocated Corporate
Restructuring Cost and Reserve [Line Items]
Total business realignment charges	59	184	59	1,137
Unallocated Corporate | Selling, general and administrative
Restructuring Cost and Reserve [Line Items]
Severance costs	$ 59	169	$ 59	1,122
Unallocated Corporate | Design and development
Restructuring Cost and Reserve [Line Items]
Severance costs		$ 15		$ 15

Income Taxes - (Narrative) (Det

Income Taxes - (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ (936)	$ 1,487	$ (426)	$ 779
Effective income tax rate	(50.60%)	(98.80%)	11.30%	(8.10%)

Segment Reporting (Narrative) (

Segment Reporting (Narrative) (Details)	6 Months Ended
	Jun. 30, 2024 segment
Segment Reporting [Abstract]
Number of reportable segments	3

Segment Reporting (Schedule of

Segment Reporting (Schedule of Segment Reporting Information, by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Net Sales:
Net sales	$ 237,059	$ 266,814	$ 476,216	$ 508,139
Operating Income (Loss):
Total operating income	3,407	4,331	3,738	302
Depreciation and Amortization:
Total depreciation and amortization	8,550	8,408	17,134	16,733
Interest Expense (Income), net:
Interest Expense (Income), net:	3,801	3,120	7,435	5,866
Capital Expenditures:
Total capital expenditures	5,689	5,352	9,957	14,263
Total Assets:
Total assets	666,651		666,651		$ 679,900
Control Devices
Net Sales:
Net sales	79,899	92,120	157,057	178,062
Electronics
Net Sales:
Net sales	145,511	159,786	295,294	300,913
Stoneridge Brazil
Net Sales:
Net sales	11,649	14,908	23,865	29,164
Inter-segment sales | Control Devices
Net Sales:
Net sales	955	970	1,786	1,704
Inter-segment sales | Electronics
Net Sales:
Net sales	7,967	8,491	14,308	17,007
Inter-segment sales | Stoneridge Brazil
Net Sales:
Net sales	199	0	199	0
Operating Segments | Control Devices
Net Sales:
Net sales	80,854	93,090	158,843	179,766
Operating Income (Loss):
Total operating income	3,725	5,074	5,889	7,161
Depreciation and Amortization:
Total depreciation and amortization	2,806	3,099	5,669	6,273
Interest Expense (Income), net:
Interest Expense (Income), net:	(19)	65	(19)	83
Capital Expenditures:
Total capital expenditures	1,587	2,019	3,104	3,975
Total Assets:
Total assets	156,173		156,173		159,612
Operating Segments | Electronics
Net Sales:
Net sales	153,478	168,277	309,602	317,920
Operating Income (Loss):
Total operating income	9,831	7,444	16,920	8,844
Depreciation and Amortization:
Total depreciation and amortization	3,903	3,503	7,764	6,967
Interest Expense (Income), net:
Interest Expense (Income), net:	501	511	1,104	996
Capital Expenditures:
Total capital expenditures	2,977	2,334	4,354	8,541
Total Assets:
Total assets	400,787		400,787		404,994
Operating Segments | Stoneridge Brazil
Net Sales:
Net sales	11,848	14,908	24,064	29,164
Operating Income (Loss):
Total operating income	(41)	899	163	2,242
Depreciation and Amortization:
Total depreciation and amortization	1,221	1,201	2,497	2,286
Interest Expense (Income), net:
Interest Expense (Income), net:	(224)	(319)	(594)	(589)
Capital Expenditures:
Total capital expenditures	799	782	1,739	1,418
Total Assets:
Total assets	54,100		54,100		66,318
Eliminations
Net Sales:
Net sales	(9,121)	(9,461)	(16,293)	(18,711)
Total Assets:
Total assets	(400,140)		(400,140)		(370,493)
Unallocated Corporate
Operating Income (Loss):
Total operating income	(10,108)	(9,086)	(19,234)	(17,945)
Depreciation and Amortization:
Total depreciation and amortization	620	605	1,204	1,207
Interest Expense (Income), net:
Interest Expense (Income), net:	3,543	2,863	6,944	5,376
Capital Expenditures:
Total capital expenditures	326	$ 217	760	$ 329
Total Assets:
Total assets	$ 455,731		$ 455,731		$ 419,469

Segment Reporting (Schedule o_2

Segment Reporting (Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 237,059	$ 266,814	$ 476,216	$ 508,139
Long-term assets:
Total long-term assets	244,693		244,693		$ 250,510
North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	121,515	135,590	239,630	259,313
Long-term assets:
Total long-term assets	97,959		97,959		92,419
South America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	11,649	14,908	23,865	29,164
Long-term assets:
Total long-term assets	28,704		28,704		32,679
Europe and Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	103,895	$ 116,316	212,721	$ 219,662
Long-term assets:
Total long-term assets	$ 118,030		$ 118,030		$ 125,412

Investments (Narrative) (Detail

Investments (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended		67 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]
Contribution			$ 260,000	$ 0
Income (loss) from equity method investments	$ (52,000)	$ (329,000)	(329,000)	(500,000)
Investments and other long-term assets, net	55,080,000		55,080,000		$ 55,080,000	$ 46,980,000
Autotech Ventures
Schedule of Equity Method Investments [Line Items]
Investment commitment	$ 10,000,000		$ 10,000,000		10,000,000		$ 10,000,000
Expected life of fund			10 years
Contribution			$ 260,000	0	$ 8,660,000
Distributions received			$ 0	0
Ownership percentage	6.60%		6.60%		6.60%
Income (loss) from equity method investments	$ (52,000)	$ (329,000)	$ (329,000)	$ (500,000)
Investments and other long-term assets, net	$ 8,403,000		$ 8,403,000		$ 8,403,000	$ 8,472,000