Stoneridge (SRI) 10-Q 1 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	Apr. 26, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	STONERIDGE INC
Entity Central Index Key	0001043337
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Trading Symbol	sri
Entity Common Stock Shares Outstanding		28,694,655
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2019
Entity Current Reporting Status	Yes

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 53,086	$ 81,092
Accounts receivable, less reserves of $1,430 and $1,243, respectively	155,734	139,076
Inventories, net	92,162	79,278
Prepaid expenses and other current assets	22,434	20,731
Total current assets	323,416	320,177
Long-term assets:
Property, plant and equipment, net	114,322	112,213
Intangible assets, net	59,471	62,032
Goodwill	35,899	36,717
Operating lease right of use asset	19,226
Investments and other long-term assets, net	29,929	28,380
Total long-term assets	258,847	239,342
Total assets	582,263	559,519
Current liabilities:
Current portion of debt	1,013	1,533
Accounts payable	102,564	87,894
Accrued expenses and other current liabilities	53,172	57,880
Total current liabilities	156,749	147,307
Long-term liabilities:
Revolving credit facility	91,000	96,000
Long-term debt, net	846	983
Deferred income taxes	14,511	14,895
Operating lease	14,858
Other long-term liabilities	16,541	17,068
Total long-term liabilities	137,756	128,946
Shareholders' equity:
Preferred Shares, without par value, 5,000 shares authorized, none issued
Common Shares, without par value, 60,000 shares authorized, 28,966 and 28,966 shares issued and 28,695 and 28,488 shares outstanding at March 31, 2019 and December 31, 2018, respectively, with no stated value
Additional paid-in capital	232,127	231,647
Common Shares held in treasury, 271 and 478 shares at March 31, 2019 and December 31, 2018, respectively, at cost	(10,763)	(8,880)
Retained earnings	155,908	146,251
Accumulated other comprehensive loss	(89,514)	(85,752)
Total Stoneridge, Inc. shareholders' equity	287,758	283,266
Total liabilities and shareholders' equity	$ 582,263	$ 559,519

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Statement Of Financial Position [Abstract]
Accounts receivable, reserves (in dollars)	$ 1,430	$ 1,243
Preferred shares, no par value	$ 0	$ 0
Preferred shares, authorized	5,000	5,000
Preferred shares, issued	0	0
Common shares, no par value	$ 0	$ 0
Common shares, authorized	60,000	60,000
Common shares, issued	28,966	28,966
Common shares, outstanding	28,695	28,488
Common shares held in treasury, shares	271	478

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
Net sales	$ 218,297	$ 225,930
Costs and expenses:
Cost of goods sold	157,444	157,961
Selling, general and administrative	35,910	37,261
Design and development	13,244	13,861
Operating income	11,699	16,847
Interest expense, net	1,003	1,354
Equity in earnings of investee	(364)	(521)
Other income, net	(432)	(599)
Income before income taxes	11,492	16,613
Provision for income taxes	1,835	3,233
Net income	$ 9,657	$ 13,380
Earnings per share:
Basic (in dollars per share)	$ 0.34	$ 0.47
Diluted (in dollars per share)	$ 0.33	$ 0.46
Weighted-average shares outstanding:
Basic (in shares)	28,529,301	28,249,420
Diluted (in shares)	29,084,808	28,936,030

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Statement Of Other Comprehensive Income [Abstract]
Net income		$ 9,657	$ 13,380
Net income		9,657	13,380
Other comprehensive (loss) income, net of tax attributable to Stoneridge, Inc.:
Foreign currency translation		(3,804)	3,894
Unrealized gain on derivatives	[1]	42	795
Other comprehensive (loss) income, net of tax attributable to Stoneridge, Inc.		(3,762)	4,689
Comprehensive income attributable to Stoneridge, Inc.		$ 5,895	$ 18,069
[1]	Net of tax expense of $11 and $212 for the three months ended March 31, 2019 and 2018, respectively.

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement Of Other Comprehensive Income [Abstract]
Tax expense for unrealized gain on derivatives	$ 11	$ 212

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
OPERATING ACTIVITIES:
Net income	$ 9,657	$ 13,380
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	5,697	6,061
Amortization, including accretion of deferred financing costs	1,613	1,807
Deferred income taxes	(2,979)	(243)
Earnings of equity method investee	(364)	(521)
Loss (gain) on fixed assets	(1)
Share-based compensation expense	1,548	1,404
Tax benefit related to share-based compensation expense	(656)	(830)
Change in fair value of earn-out contingent consideration	469	904
Change in fair value of venture capital fund	(16)
Changes in operating assets and liabilities, net of effect of business combination:
Accounts receivable, net	(17,821)	(14,821)
Inventories, net	(13,655)	(4,694)
Prepaid expenses and other assets	(660)	(3,647)
Accounts payable	16,395	7,841
Accrued expenses and other liabilities	(4,836)	3,030
Net cash provided by (used for) operating activities	(5,609)	9,671
INVESTING ACTIVITIES:
Capital expenditures	(8,684)	(10,505)
Proceeds from sale of fixed assets	1	9
Insurance proceeds for fixed assets	0	1,403
Investment in venture capital fund	(400)
Net cash used for investing activities	(9,083)	(9,093)
FINANCING ACTIVITIES:
Revolving credit facility borrowings		5,000
Revolving credit facility payments	(5,000)	(10,000)
Proceeds from issuance of debt	34	155
Repayments of debt	(690)	(1,378)
Earn-out consideration cash payment	(3,394)
Other financing costs	(2)
Repurchase of Common Shares to satisfy employee tax withholding	(2,945)	(3,713)
Net cash used for provided by financing activities	(11,997)	(9,936)
Effect of exchange rate changes on cash and cash equivalents	(1,317)	759
Net change in cash and cash equivalents	(28,006)	(8,599)
Cash and cash equivalents at beginning of period	81,092	66,003
Cash and cash equivalents at end of period	53,086	57,404
Supplemental disclosure of cash flow information:
Cash paid for interest	1,109	1,438
Cash paid for income taxes, net	$ 3,327	$ 5,056

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Number of Common Shares outstanding	Treasury Shares	Additional Paid-In Capital	Retained earnings	Accumulated other comprehensive loss	Total
Balance at Dec. 31, 2017		$ (7,118)	$ 228,486	$ 92,264	$ (69,560)	$ 244,072
Common Stock, Shares, Outstanding, Beginning Balance at Dec. 31, 2017	28,180
Treasury Stock, Shares, Beginning Balance at Dec. 31, 2017		786
Net income				13,380		13,380
Unrealized gain on derivatives					795	795	[1]
Currency translation adjustments					3,894	3,894
Issuance of restricted Common Shares ( in shares)	446
Issuance of restricted Common Shares ( in treasury shares)		(446)
Repurchased Common Shares for treasury		$ (1,387)				(1,387)
Repurchased Common Shares for treasury (in shares)	(136)
Repurchased Common Shares for treasury (in treasury shares)		136
Share-based compensation			(925)			(925)
Balance at Mar. 31, 2018		$ (8,505)	227,561	105,432	(64,871)	259,617
Common Stock, Shares, Outstanding, Ending Balance at Mar. 31, 2018	28,490
Treasury Stock, Shares, Ending Balance at Mar. 31, 2018		476
Cumulative effect of a accounting change				(212)		(212)
Balance at Dec. 31, 2018		$ (8,880)	231,647	146,251	(85,752)	$ 283,266
Common Stock, Shares, Outstanding, Beginning Balance at Dec. 31, 2018	28,488					28,488
Treasury Stock, Shares, Beginning Balance at Dec. 31, 2018		478				478
Net income				9,657		$ 9,657
Unrealized gain on derivatives					42	42	[1]
Currency translation adjustments					(3,804)	(3,804)
Issuance of restricted Common Shares ( in shares)	305
Issuance of restricted Common Shares ( in treasury shares)		(305)
Repurchased Common Shares for treasury		$ (1,883)				(1,883)
Repurchased Common Shares for treasury (in shares)	(98)
Repurchased Common Shares for treasury (in treasury shares)		98
Share-based compensation			480			480
Balance at Mar. 31, 2019		$ (10,763)	$ 232,127	$ 155,908	$ (89,514)	$ 287,758
Common Stock, Shares, Outstanding, Ending Balance at Mar. 31, 2019	28,695					28,695
Treasury Stock, Shares, Ending Balance at Mar. 31, 2019		271				271
[1]	Net of tax expense of $11 and $212 for the three months ended March 31, 2019 and 2018, respectively.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2019
Basis of Presentation [Abstract]
Basis of Presentation	(1) 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 March 31, 2019 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 2018 Form 10‑K. The Company’s investment in Minda Stoneridge Instruments Ltd. (“MSIL”) for the three months ended March 31, 2019 and 2018 has been determined to be an unconsolidated entity, and therefore is accounted for under the equity method of accounting based on the Company’s 49% ownership in MSIL. Also, see Note 2 for the impact of the adoption of various accounting standards on the condensed consolidated financial statements herein.

Recently Issued Accounting Stan

Recently Issued Accounting Standards	3 Months Ended
	Mar. 31, 2019
Recently Issued Accounting Standards [Abstract]
Recently Issued Accounting Standards	(2) Recently Issued Accounting Standards Recently Adopted Accounting Standards In January 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018‑02, “Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.” This guidance gives entities the option to reclassify to retained earnings the tax effects resulting from the enactment of Tax Cuts and Jobs Act related to items in accumulated other comprehensive income (“AOCI”) that the FASB refers to as having been stranded in AOCI. The new guidance was effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. The Company adopted this standard on January 1, 2019, which did not have a material impact on its condensed consolidated financial statements. In February 2016, the FASB issued ASU 2016‑02, “Leases (Topic 842)”, which requires that a lessee recognize assets and liabilities on the balance sheet for all leases with a lease term of more than twelve months, with the result being the recognition of a right of use asset and a lease liability. The new standard was effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company adopted this standard as of January 1, 2019 using the modified retrospective approach and elected the transition option to use the effective date January 1, 2019, as the date of initial application. The Company did not adjust its comparative period financial statements for effects of the ASU 2016‑02, or make the new required lease disclosures for periods before the effective date. The Company recognized its cumulative effect transition adjustment as of the effective date. In addition, the Company elected the package of practical expedients permitted under the transition guidance within the new standard. The impact of the adoption resulted in the recognition of right-of-use (“ROU”) assets and lease liabilities on the condensed consolidated balance sheet of $20,618 and $20,856, respectively, as of January 1, 2019. The standard did not have a material impact on the Company’s condensed consolidated results of operations and cash flows upon adoption. Accounting Standards Not Yet Adopted In June 2016, the FASB issued ASU 2016‑13, “Financial Instruments - Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments”, which requires measurement and recognition of expected credit losses for financial assets held and requires enhanced disclosures regarding significant estimates and judgments used in estimating credit losses. ASU 2016‑13 is effective for public business entities for annual periods beginning after December 15, 2019, and early adoption is permitted for annual periods beginning after December 15, 2018. The Company is currently evaluating the impact of its pending adoption of ASU 2016‑13 on the consolidated financial statements. The Company will adopt this standard as of January 1, 2020 and it is not expected to have a material impact on its condensed consolidated financial statements.

Revenue

Revenue	3 Months Ended
	Mar. 31, 2019
Revenue [Abstract]
Revenue	(3) Revenue The Company adopted ASC 606 using the modified retrospective method as applied to customer contracts that were not completed as of January 1, 2018. The Company did not record a cumulative adjustment related to the adoption of ASC 606, and the effects of the adoption were not significant. 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 sensors, actuators, valves and switches. We sell these products principally to the automotive market in the North American, European, and Asia Pacific regions. To a lesser extent, we also sell these products to the commercial vehicle and agricultural markets in our North America and European 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 electronic instrument clusters, electronic control units, driver information systems, camera-based vision systems, monitors and related products. These products are sold principally to the commercial vehicle market primarily through our OEM and aftermarket channels in the North American and European regions, and to a lesser extent, the Asia Pacific region. The camera-based vision systems, monitors and related products are sold principally to the off-highway vehicle market in the North American and European regions. PST. Our PST segment primarily serves the South American region and specializes in the design, manufacture and sale of in-vehicle audio and video devices, electronic vehicle security alarms, convenience accessories, vehicle tracking devices and monitoring services primarily for the automotive and motorcycle markets. PST sells its products through the aftermarket distribution channel, to factory authorized dealer installers, also referred to as original equipment services, direct to OEMs and through mass merchandisers. In addition, monitoring services and tracking devices are sold directly to corporate and individual consumers. The following tables disaggregate our revenue by reportable segment and geographical location (1) for the periods ended March 31, 2019 and 2018: Three months ended Control Devices Electronics PST Consolidated March 31 Net Sales: North America $ 96,720 $ 104,443 $ 22,647 $ 19,986 $ - $ - $ 119,367 $ 124,429 South America - - - - 17,332 20,545 17,332 20,545 Europe 4,412 2,891 66,942 68,544 - - 71,354 71,435 Asia Pacific 8,987 8,023 1,257 1,498 - - 10,244 9,521 Total net sales $ 110,119 $ 115,357 $ 90,846 $ 90,028 $ 17,332 $ 20,545 $ 218,297 $ 225,930 (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 with its customers 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 specifically customized to the specific customer, with the exception of off-highway products 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 repair and replacement parts, compliance parts and accessories and are sold primarily to aftermarket distributors and mass retailers in our South American, European and North American markets. 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 transfer to the customer which is based on the shipping terms. Aftermarket contracts may include variable consideration related to discounts and rebates and 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 PST 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 March 31, 2019 and December 31, 2018.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2019
Inventories [Abstract]
Inventories	(4) 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 consisted of the following: March 31, December 31, Raw materials $ 60,967 $ 54,382 Work-in-progress 5,610 4,710 Finished goods 25,585 20,186 Total inventories, net $ 92,162 $ 79,278 Inventory valued using the FIFO method was $76,877 and $64,745 at March 31, 2019 and December 31, 2018, respectively. Inventory valued using the average cost method was $15,285 and $14,533 at March 31, 2019 and December 31, 2018, respectively.

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	3 Months Ended
	Mar. 31, 2019
Financial Instruments and Fair Value Measurements [Abstract]
Financial Instruments and Fair Value Measurements	(5) 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. Derivative Instruments and Hedging Activities On March 31, 2019, the Company had open foreign currency forward contracts which are used solely for hedging and not for speculative purposes. 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 The Company conducts business internationally and therefore is exposed to foreign currency exchange rate risk. The Company uses derivative financial instruments as cash flow and fair value 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. The Company hedged the Mexican peso currency during the first quarter of 2019 and, during 2018, the Company hedged the euro and Mexican peso currencies. In addition, the Company hedged the U.S. dollar against the Swedish krona and euro on behalf of its European subsidiaries in 2018. These forward contracts were executed to hedge forecasted transactions and certain transactions have been accounted for as cash flow hedges. As such, the effective portion of the unrealized gain or loss was deferred and reported in the Company’s condensed consolidated balance sheets as a component of accumulated other comprehensive loss. The cash flow hedges were highly effective. The effectiveness of the transactions has been and will be measured on an ongoing basis using regression analysis and forecasted future purchases of the currency. In certain instances, the foreign currency forward contracts do 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 statement of operations as a component of other income, net. The Company’s foreign currency forward contracts offset a portion of the gains and losses on the underlying foreign currency denominated transactions as follows: Euro-denominated Foreign Currency Forward Contract At March 31, 2019 and December 31, 2018, there were no foreign currency forward contracts entered into as all contracts were settled in December 2018. The euro-denominated foreign currency forward contract was not designated as a hedging instrument. The Company recognized a loss of $20 for the three months ended March 31, 2018 in the condensed consolidated statements of operations as a component of other income, net related to the euro-denominated contract. U.S. dollar-denominated Foreign Currency Forward Contracts – Cash Flow Hedges The Company entered into on behalf of one of its European Electronics subsidiaries, whose functional currency is the Swedish krona, U.S. dollar-denominated currency contracts which expired ratably on a monthly basis from February 2018 through December 2018. There were no such contracts at March 31, 2019 or December 31, 2018. The Company entered into on behalf of one of its European Electronics subsidiaries, whose functional currency is the euro, U.S. dollar-denominated currency contracts which expired ratably on a monthly basis from February 2018 through December 2018. There were no such contracts at March 31, 2019 or December 31, 2018. Mexican Peso-denominated Foreign Currency Forward Contracts – Cash Flow Hedge The Company holds Mexican peso-denominated foreign currency forward contracts with notional amounts at March 31, 2019 of $6,108 which expire ratably on a monthly basis from April 2019 through December 2019, compared to a notional amount of $9,017 at December 31, 2018. The Company evaluated the effectiveness of the Mexican peso-denominated foreign currency forward contracts held as of March 31, 2019 and December 31, 2018 and concluded that the hedges were highly effective. The notional amounts and fair values of derivative instruments in the condensed consolidated balance sheets were as follows: Prepaid expenses Accrued expenses and Notional amounts (A) and other current assets other current liabilities March 31, December 31, March 31, December 31, March 31, December 31, Derivatives designated as hedging instruments: Cash flow hedges: Forward currency contracts $ 6,108 $ 9,017 $ 423 $ 370 $ - $ - (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 income (loss) and in net income for the three months ended March 31 are as follows: Gain reclassified from Gain recorded in other other comprehensive income comprehensive income into net income (A) Derivatives designated as cash flow hedges: Forward currency contracts $ 269 $ 1,159 $ 216 $ (152) (A) Gains reclassified from other comprehensive loss into net income were recognized in cost of goods sold (“COGS”) in the Company’s condensed consolidated statements of operations. The net deferred gain of $423 on the cash flow hedge derivatives will be reclassified from other comprehensive income (loss) to the condensed consolidated statements of operations through December 2019. Fair Value Measurements The Company’s assets and liabilities 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 contracts, inputs include foreign currency exchange rates. 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. March 31, December 31, Fair values estimated using Level 1 Level 2 Level 3 Fair value inputs inputs inputs Fair value Financial assets carried at fair value: Forward currency contracts $ 423 $ - $ 423 $ - $ 370 Total financial assets carried at fair value $ 423 $ - $ 423 $ - $ 370 Financial liabilities carried at fair value: Earn-out consideration $ 10,406 $ - $ - $ 10,406 $ 18,672 Total financial liabilities carried at fair value $ 10,406 $ - $ - $ 10,406 $ 18,672 The following table sets forth a summary of the change in fair value of the Company’s Level 3 financial liabilities related to earn-out consideration that are measured at fair value on a recurring basis. Orlaco PST Total Balance at December 31, 2018 $ 8,602 $ 10,070 $ 18,672 Change in fair value - 469 469 Foreign currency adjustments (128) (133) (261) Earn-out consideration cash payment (8,474) - (8,474) Balance at March 31, 2019 $ - $ 10,406 $ 10,406 Orlaco PST Total Balance at December 31, 2017 $ 8,637 $ 12,109 $ 20,746 Change in fair value 369 535 904 Foreign currency adjustments 235 20 255 Balance at March 31, 2018 $ 9,241 $ 12,664 $ 21,905 The Company will be required to pay the PST earn-out consideration, which is not capped, based on PST’s financial performance in either 2020 or 2021. The fair value of the PST earn-out consideration is based on discounted cash flows utilizing forecasted EBITDA in 2020 and 2021 using the key inputs of forecasted sales and expected operating income reduced by the market required rate of return. The earn-out consideration obligation related to PST is recorded within other long-term liabilities in the condensed consolidated balance sheet as of March 31, 2019 and December 31, 2018. The fair value of the Orlaco earn-out consideration was based on a Monte Carlo simulation utilizing forecasted earnings before interest, taxes, depreciation and amortization (“EBITDA”) for the 2017 and 2018 earn-out period as well as a growth rate reduced by the market required rate of return. The earn-out consideration obligation related to Orlaco was recorded within other current liabilities in the consolidated balance sheet as of December 31, 2018. The change in fair value of the earn-out considerations are recorded within selling, general and administrative (“SG&A”) expense in the condensed consolidated statements of operations for the three months ended March 31, 2019 and 2018. The earn-out consideration obligation related to Orlaco of $8,474 was paid in March 2019 and recorded in the condensed consolidated statement of cash flows within operating and financing activities in the amounts of $5,080 and $3,394, respectively, for the three months ended March 31, 2019. The Orlaco earn-out consideration reached the capped amount of €7,500 as of the quarter ended March 31, 2018 due to actual performance exceeding forecasted performance and remained at the capped amount until it was paid out in March 2019. The net increase in fair value of the earn-out consideration for PST was due to the reduced time from the current period end to the payment date, partially offset by foreign currency translation. The foreign currency impact for the PST earn-out considerations is included in other (income) expense, net in the condensed consolidated statements of operations. There were no transfers in or out of Level 3 from other levels in the fair value hierarchy for the three months ended March 31, 2019. Except for the fair value of assets acquired and liabilities assumed related to the Orlaco acquisition discussed in the Company’s 2018 Form 10‑K, there were no non-recurring fair value measurements for the periods presented.

Share-Based Compensation

Share-Based Compensation	3 Months Ended
	Mar. 31, 2019
Share-Based Compensation [Abstract]
Share-Based Compensation	(6) 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 expenses, was $1,548 and $1,404 for the three months ended March 31, 2019 and 2018, respectively. The expenses related to the share-based compensation awards for the three months ended March 31, 2019 was consistent with the three months ended March 31, 2018 due to consistent attainment of performance-based awards. The three months ended March 31, 2018 also included income for forfeiture of certain grants associated with employee resignations.

Debt

Debt	3 Months Ended
	Mar. 31, 2019
Debt [Abstract]
Debt	(7) Debt Debt consisted of the following at March 31, 2019 and December 31, 2018: March 31, December 31, Interest rates at March 31, 2019 Maturity Revolving Credit Facility Credit Facility $ 91,000 $ 96,000 3.54% - 3.55% September 2021 Debt PST short-term obligations 474 989 December 2019 PST long-term notes 1,385 1,527 November 2021 Total debt 1,859 2,516 Less: current portion (1,013) (1,533) Total long-term debt, net $ 846 $ 983 Revolving Credit Facility On November 2, 2007, the Company entered into an asset-based credit facility, which permitted borrowing up to a maximum level of $100,000. The Company entered into an Amended and Restated Credit and Security Agreement and a Second Amended and Restated Credit and Security Agreement on September 20, 2010 and December 1, 2011, respectively. On September 12, 2014, the Company entered into a Third Amended and Restated Credit Agreement (the “Amended Agreement”). The Amended Agreement provides for a $300,000 revolving credit facility (the “Credit Facility”), which replaced the Company’s existing $100,000 asset-based credit facility and includes a letter of credit subfacility, swing line subfacility and multicurrency subfacility. The Amended Agreement also has an accordion feature which allows the Company to increase the availability by up to $80,000 upon the satisfaction of certain conditions. The Amended Agreement extended the termination date to September 12, 2019 from December 1, 2016. On March 26, 2015, the Company entered into Amendment No. 1 to the Amended Agreement which modified the definition of Consolidated EBITDA to allow for the add back of cash premiums and other non-cash charges related to the amendment and restatement of the Amended Agreement and the early extinguishment of the Company’s 9.5% Senior Secured Notes. Consolidated EBITDA is used in computing the Company’s leverage ratio and interest coverage ratio which are covenants within the Amended Agreement. On February 23, 2016, the Company entered into Amendment No. 2 to the Amended Agreement which amended and waived any default or potential defaults with respect to pledging as collateral additional shares issued by a wholly owned subsidiary and newly issued shares associated with the formation of a new subsidiary. On August 12, 2016, the Company entered into Amendment No. 3 to the Amended Agreement which extended the expiration date of the Agreement to September 12, 2021, increased the borrowing sub-limit for the Company’s foreign subsidiaries by $30,000 to $80,000, increased the basket of permitted loans and investments in foreign subsidiaries by $5,000 to $30,000, and provided additional flexibility to the Company for certain permitted corporate transactions involving its foreign subsidiaries as defined in the Amended Agreement. As a result of Amendment No. 3 to the Amended Agreement, the Company capitalized deferred financing costs of $399, which will be amortized over the remaining term of the Credit Facility. On January 30, 2017, the Company entered into Consent and Amendment No. 4 to the Amended Agreement which amended certain definitions, schedules and exhibits of the Credit Facility, consented to a Dutch Reorganization, and consented to the Orlaco acquisition. As a result of Amendment No. 4 to the Amended Agreement, the Company capitalized deferred financing costs of $61, all being amortized over the remaining term of the Credit Facility. On September 11, 2018, the Company entered into Amendment No. 5 to the Amended Agreement which extended financial accommodations to permit the Company to invest in certain funds in an amount that does not exceed $10,000. On October 26, 2018, the Company entered into Consent and Amendment No. 6 to the Amended Agreement which amended certain definitions, sections and schedules of the Credit Facility and consented to realignment of certain foreign subsidiaries, and permits the Company to repurchase the Company’s outstanding common shares in an amount that does not exceed $50,000. Borrowings under the Amended Agreement bear interest at either the Base Rate, as defined, or the LIBOR Rate, at the Company’s option, plus the applicable margin as set forth in the Amended Agreement. The Company is also subject to a commitment fee ranging from 0.20% to 0.35% based on the Company’s leverage ratio. The Amended Agreement requires the Company to maintain a maximum leverage ratio of 3.00 to 1.00, and a minimum interest coverage ratio of 3.50 to 1.00 and places a maximum annual limit on capital expenditures. The Amended Agreement also contains other affirmative and negative covenants and events of default that are customary for credit arrangements of this type including covenants which place restrictions and/or limitations on the Company’s ability to borrow money, make capital expenditures and pay dividends. Borrowings outstanding on the Credit Facility were $91,000 and $96,000 at March 31, 2019 and December 31, 2018, respectively. Borrowings decreased under the Credit Facility due to voluntary principal repayments. The Company was in compliance with all Credit Facility covenants at March 31, 2019 and December 31, 2018. The Company also has outstanding letters of credit of $1,815 at both March 31, 2019 and December 31, 2018. Debt PST maintains short-term obligations and long-term notes used for working capital purposes which have fixed or variable interest rates. The weighted-average interest rates of short term and long-term debt of PST at March 31, 2019 was 6.0% and 8.0%. Depending on the specific note, interest is payable either monthly or annually. Principal repayments on PST debt at March 31, 2019 are as follows: $1,013 from April 2019 through March 2020, $380 from April 2020 through December 2020 and $466 in 2021. The Company’s wholly-owned subsidiary located in Stockholm, Sweden, has an overdraft credit line which allows overdrafts on the subsidiary’s bank account up to a maximum level of 20,000 Swedish krona, or $2,152 and $2,259, at March 31, 2019 and December 31, 2018, respectively. At March 31, 2019 and December 31, 2018, there was no balance outstanding on this overdraft credit line. The Company was in compliance with all debt covenants at March 31, 2019 and December 31, 2018.

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	(8) Leases The Company has various cancelable and noncancelable leased assets within our three operating segments, including Control Devices, Electronics and PST, which include certain properties, vehicles and equipment of which are all classified as operating leases. Payments for these leases are generally fixed; however, several of our leases are composed of variable lease payments including index-based payments or inflation-based payments based on a Consumer Price Index (“CPI”) or other escalators. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. Under Leases (Topic 842), the Company determines an arrangement is a lease when we have the right to control the use of identified property, plant or equipment for a period of time in exchange for consideration. Other than the leases that we have already identified, we are not aware of any material leases that have not yet commenced. For leases that have a calculated lease term of 12 months or less and do not include an option to purchase the underlying asset which we are reasonably certain to exercise, the Company has made the policy election to not apply the recognition requirements in Leases (Topic 842). For these short-term leases, the Company recognizes the lease payments in profit or loss on a straight-line basis over the lease term and variable lease payments in the period in which the obligation for those payments is incurred. For the leases identified, ROU assets and lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of our leases do not provide an implicit rate, the Company used the calculated incremental borrowing rate based on the information available at the implementation date, and going forward at the commencement date, in determining the present value of lease payments. The Company will use the implicit rate when readily determinable. The ROU asset includes the carrying amount of the lease liability, plus (minus) any prepaid (accrued) lease payments, less the unamortized balance of lease incentives received. The Company’s lease terms may include options to extend or terminate the lease and such options are included in the lease term when it is reasonably certain that the Company will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Lease expenses are recognized within COGS, SG&A and design and development (“D&D”) costs in the condensed consolidated statements of operations. The Company has made the policy election to account for lease and non-lease components as a single lease component for all of its leases. As a result of the Company’s election to apply the modified retrospective transition method at the effective date of the standard, information prior to January 1, 2019 has not been restated and continues to be reported under the accounting standards in effect for the period (ASC Topic 840). The components of lease expense are as follows: Three months ended March 31, 2019 Operating lease cost $ 1,463 Short-term lease cost 159 Variable lease cost 96 Total lease cost $ 1,718 Balance Sheet information related to leases is as follows: As of March 31, 2019 Assets: Operating lease right-of-use assets $ 19,226 Liabilities: Operating lease current liability, included in other current liabilities 4,463 Operating lease long-term liability 14,858 Total leased liabilities $ 19,321 Maturities of operating lease liabilities are as follows: As of March 31, 2019 Year ending December 31, 2019 (1) $ 3,898 2020 4,559 2021 3,939 2022 3,085 2023 3,104 Thereafter 4,178 Total future minimum lease payments $ 22,763 Less: imputed interest (3,442) Total lease liabilities $ 19,321 (1) For the remaining nine months Weighted-average remaining lease term and discount rate is as follows: As of March 31, 2019 Weighted-average remaining lease term (in years) Operating leases Weighted-average discount rate Operating leases % Other information: Three months ended March 31, 2019 Operating cash flows: Cash paid related to operating lease obligations $ 1,533 Non-cash activity: Right-of-use assets obtained in exchange for operating lease obligations $ 159

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	(9) Earnings Per Share Basic earnings per share was computed by dividing net income by the weighted-average number of Common Shares outstanding for each respective period. Diluted earnings 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. Weighted-average Common Shares outstanding used in calculating basic and diluted earnings per share were as follows: Three months ended March 31, Basic weighted-average Common Shares outstanding 28,529,301 28,249,420 Effect of dilutive shares 555,507 686,610 Diluted weighted-average Common Shares outstanding 29,084,808 28,936,030 There were no performance-based restricted Common Shares outstanding at March 31, 2019 or 2018. There were 691,207 and 622,960 performance-based right to receive Common Shares outstanding at March 31, 2019 and 2018, 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 contingency period.

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss by Component	3 Months Ended
	Mar. 31, 2019
Changes in Accumulated Other Comprehensive Loss by Component [Abstract]
Changes in Accumulated Other Comprehensive Loss by Component	(10) Changes in Accumulated Other Comprehensive Loss by Component Changes in accumulated other comprehensive loss for the three months ended March 31, 2019 and 2018 were as follows: Foreign Unrealized currency gain (loss) translation on derivatives Total Balance at January 1, 2019 $ (86,044) $ 292 $ (85,752) Other comprehensive income (loss) before reclassifications (3,804) 213 (3,591) Amounts reclassified from accumulated other comprehensive loss - (171) (171) Net other comprehensive income (loss), net of tax (3,804) 42 (3,762) Balance at March 31, 2019 $ (89,848) $ 334 $ (89,514) Balance at January 1, 2018 $ (69,417) $ (143) $ (69,560) Other comprehensive income before reclassifications 3,894 915 4,809 Amounts reclassified from accumulated other comprehensive loss - (120) (120) Net other comprehensive income, net of tax 3,894 795 4,689 Balance at March 31, 2018 $ (65,523) $ 652 $ (64,871)

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies [Abstract]
Commitments and Contingencies	(11) 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 and engaged an environmental engineering consultant 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 March 31, 2019 and 2018, environmental remediation costs incurred were immaterial. At March 31, 2019 and December 31, 2018, the Company accrued a remaining undiscounted liability of $87 and $111, respectively, related to future remediation costs which were recorded as a component of accrued expenses and other current liabilities in the condensed consolidated balance sheets. Costs associated with the recorded liability will be incurred to complete the groundwater remediation, with the balance relating to monitoring costs to be incurred over multiple years. The recorded liability is based on assumptions in the remedial action plan. 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 PST subsidiary has civil, labor and other non-income tax contingencies 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$31,200 ($8,000) and R$29,700 ($7,600) at March 31, 2019 and December 31, 2018, respectively. An unfavorable outcome on these contingencies could result in significant cost to the Company and adversely affect its results of operations. Insurance Recoveries The Company incurred losses and incremental costs related to the damage to assets caused by a storm at its Mexican production facility in the fourth quarter of 2016 and pursued recovery of such costs under applicable insurance policies. Anticipated proceeds from insurance recoveries related to losses and incremental costs that have been incurred (“loss recoveries”) are recognized when receipt is probable. Anticipated proceeds from insurance recoveries in excess of the net book value of damaged property, plant and equipment (“insurance gain contingencies”) are recognized when all contingencies related to the claim have been resolved. Loss recoveries related to the damage of inventory and incremental costs included in costs of sales were not significant for the three months ended March 31, 2019 and 2018, respectively. There were no loss recoveries and insurance gain contingencies recognized in the three months ended March 31, 2019 and 2018 related to the damage of property, plant and equipment included within SG&A expense. As of December 31, 2017, the Company had confirmation of the open insurance claim and recorded a receivable of $1,644. The cash payment was subsequently collected in January 2018. Cash proceeds related to the damage of inventory and incremental costs were $241 for the three months ended March 31, 2018 and are included in cash flows from operating activities. Cash proceeds related to the damage of property, plant and equipment of $1,403 for the three months ended March 31, 2018, are included in cash flows from investing activities. There were no cash proceeds received during the three months ended March 31, 2019. 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 including insurance coverage. 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 or beyond what the Company may recover from its suppliers. The current portion of product warranty and recall is included as a component of accrued expenses and other current liabilities in the condensed consolidated balance sheets. Product warranty and recall included $3,083 and $3,283 of a long-term liability at March 31, 2019 and December 31, 2018, respectively, which is included as a component of other long-term liabilities in the condensed consolidated balance sheets. The following provides a reconciliation of changes in product warranty and recall liability: Three months ended March 31, Product warranty and recall at beginning of period $ 10,494 $ 9,979 Accruals for warranties established during period 1,545 2,274 Aggregate changes in pre-existing liabilities due to claim developments 1,238 387 Settlements made during the period (2,715) (1,772) Foreign currency translation (215) (20) Product warranty and recall at end of period $ 10,347 $ 10,848

Business Realignment and Restru

Business Realignment and Restructuring	3 Months Ended
	Mar. 31, 2019
Business Realignment and Restructuring [Abstract]
Business Realignment and Restructuring	(12) Business Realignment and Restructuring On January 10, 2019, the Company committed to a restructuring plan that will result in the closure of the Canton, Massachusetts facility (“Canton Facility”) which is expected by March 31, 2020 and the consolidation of manufacturing operations at that site into other Company locations (“Canton Restructuring”). Company management informed employees at the Canton Facility of this restructuring decision on January 11, 2019. This restructuring action will result in the closure of the Canton facility and the termination of the employment of Canton Facility employees. The estimated costs for the Canton Restructuring include employee severance and termination costs, contract terminations costs, professional fees, the non-cash write-off of impaired fixed assets and other related costs. The Company recognized expense of $2,225 for the three months ended March 31, 2019 as a result of these actions for employee termination benefits and other restructuring related costs. For the three months ended March 31, 2019 severance and contract termination costs of $1,252, $195 and $778 were recognized in COGS, SG&A and D&D, respectively, in the condensed consolidated statement of operations. The estimated additional cost of the Canton Facility restructuring plan, that will impact the Control Devices segment, is between $6,300 and $7,300 and will be incurred through 2020. The expenses for the 2019 Canton Restructuring that relate to the Control Devices reportable segment include the following: Accrual as of 2019 Charge Utilization Accrual as of January 1, 2019 to Expense Cash Non-Cash March 31, 2019 Employee termination benefits $ - $ 1,980 $ - $ - $ 1,980 Other related costs - 245 (245) - - Total $ - $ 2,225 $ (245) $ - $ 1,980 In the fourth quarter of 2018, the Company undertook restructuring actions for the Electronics segment affecting the European Aftermarket business and China operations. The Company recognized expense of $216 for the three months ended March 31, 2019 as a result of these actions for severance, contract termination costs, accelerated depreciation of fixed assets and other related costs. Electronics segment restructuring costs were recognized in SG&A in the condensed consolidated statement of operations for the three months ended March 31, 2019. The Company expects to incur approximately $860 of additional restructuring costs related to these actions through 2020. The expenses for the 2019 restructuring activities that relate to the Electronics reportable segment include the following: Accrual as of 2019 Charge Utilization Accrual as of January 1, 2019 to Expense Cash Non-Cash March 31, 2019 Employee termination benefits $ 520 $ (15) $ (456) $ - $ 49 Accelerated depreciation - 98 - (98) - Contract termination costs 17 16 (33) - - Other related costs 119 117 (236) - - Total $ 656 $ 216 $ (725) $ (98) $ 49 In addition to the specific restructuring activities, 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 which are referred to as business realignment charges. Business realignment charges by reportable segment were as follows: Three months ended March 31, Control Devices (A) $ 522 $ - PST (B) - 222 Unallocated Corporate (C) 613 - Total business realignment charges $ 1,135 $ 222 (A) Severance costs for the three months ended March 31, 2019 related to SG&A and D&D were $512 and 10, respectively. (B) Severance costs for the three months ended March 31, 2018 related to SG&A were $222. (C) Severance costs for the three months ended March 31, 2019 related to SG&A were $613. Business realignment charges classified by statement of operations line item were as follows: Three months ended March 31, Selling, general and administrative $ 1,125 $ 222 Design and development 10 - Total business realignment charges $ 1,135 $ 222

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
Income Taxes [Abstract]
Income Taxes	(13) Income Taxes The Company recognized income tax expense of $1,835 and $3,233 for U.S. federal, state and foreign income taxes for the three months ended March 31, 2019 and 2018, respectively. The decrease in income tax expense for the three months ended March 31, 2019 compared to the same period for 2018 was primarily related to a reduction in taxable income. The effective tax rate decreased to 16.0% in the first quarter of 2019 from 19.5% in the first quarter of 2018 primarily due an increased favorable impact of tax deductible stock compensation versus the same period in 2018, as well as a state valuation allowance release in the first quarter of 2019, with no corresponding impact in the first quarter of 2018. The Company has concluded that it is reasonably possible that its future provision for income taxes may be significantly impacted by changes to valuation allowance in certain countries within the following twelve months.

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Segment Reporting	(14) 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 PST, which also represent its operating segments. The Control Devices reportable segment produces sensors, switches, valves and actuators. The Electronics reportable segment produces electronic instrument clusters, electronic control units, driver information systems and camera-based vision systems, monitors and related products. The PST reportable segment designs and manufactures electronic vehicle security alarms, convenience accessories, vehicle tracking devices and monitoring services and in-vehicle audio and video devices. 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 2018 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 corporate accounting/finance, executive administration, human resources, information technology and legal. A summary of financial information by reportable segment is as follows: Three months ended March 31, Net Sales: Control Devices $ 110,119 $ 115,357 Inter-segment sales 1,861 2,181 Control Devices net sales 111,980 117,538 Electronics 90,846 90,028 Inter-segment sales 8,722 10,472 Electronics net sales 99,568 100,500 PST 17,332 20,545 Inter-segment sales 6 2 PST net sales 17,338 20,547 Eliminations (10,589) (12,655) Total net sales $ 218,297 $ 225,930 Operating Income (Loss): Control Devices $ 11,948 $ 17,879 Electronics 9,031 7,880 PST 670 150 Unallocated Corporate (A) (9,950) (9,062) Total operating income $ 11,699 $ 16,847 Depreciation and Amortization: Control Devices $ 3,094 $ 2,795 Electronics 2,397 2,291 PST 1,525 2,505 Unallocated Corporate 213 197 Total depreciation and amortization (B) $ 7,229 $ 7,788 Interest Expense, net: Control Devices $ 182 $ 19 Electronics 56 34 PST 108 338 Unallocated Corporate 657 963 Total interest expense, net $ 1,003 $ 1,354 Capital Expenditures: Control Devices $ 3,492 $ 5,746 Electronics 3,738 2,773 PST 819 1,259 Unallocated Corporate (C) 635 727 Total capital expenditures $ 8,684 $ 10,505 March 31, December 31, Total Assets: Control Devices $ 191,963 $ 175,708 Electronics 255,887 265,838 PST 81,407 81,002 Corporate (C) 368,852 359,837 Eliminations (315,846) (322,866) Total assets $ 582,263 $ 559,519 The following tables present net sales and long-term assets for each of the geographic areas in which the Company operates: Three months ended March 31, Net Sales: North America $ 119,367 $ 124,429 South America 17,332 20,545 Europe and Other 81,598 80,956 Total net sales $ 218,297 $ 225,930 March 31, December 31, Long-term Assets: North America $ 92,315 $ 86,763 South America 44,996 45,408 Europe and Other 121,536 107,171 Total long-term assets $ 258,847 $ 239,342 (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, information technology assets, equity investments and investments in subsidiaries.

Investments

Investments	3 Months Ended
	Mar. 31, 2019
Investments [Abstract]
Investments	(15) Investments Minda Stoneridge Instruments Ltd. The Company has a 49% equity interest in Minda Stoneridge Instruments Ltd. (“MSIL”) , a company based in India that manufactures electronics, instrumentation equipment and sensors primarily for the motorcycle, commercial vehicle and automotive markets. The investment is accounted for under the equity method of accounting. The Company’s investment in MSIL, recorded as a component of investments and other long-term assets, net on the condensed consolidated balance sheets, was $11,738 and $11,288 at March 31, 2019 and December 31, 2018, respectively. Equity in earnings of MSIL included in the condensed consolidated statements of operations was $364 and $521, for the three months ended March 31, 2019 and 2018, respectively. PST Eletrônica Ltda. The Company had a 74% controlling interest in PST from December 31, 2011 through May 15, 2017. On May 16, 2017, the Company acquired the remaining 26% noncontrolling interest in PST. As part of the acquisition agreement, the Company will be required to pay additional earn-out consideration, which is not capped, based on PST’s financial performance in either 2020 or 2021. See Note 5 for the fair value and foreign currency adjustments of the earn-out consideration for the current and prior periods. PST has dividends payable to former noncontrolling interest holders of R$23,465 Brazilian real ($5,980) and R$23,204 Brazilian real ($5,980) as of March 31, 2019 and December 31, 2018, respectively. The dividends payable balance includes R$261 Brazilian real ($68) and $249 Brazilian real ($75) in monetary correction for the three months ended March 31, 2019 and 2018, respectively. The dividend is payable on or before January 1, 2020, and is subject to monetary correction based on the Brazilian National Extended Consumer Price inflation index (“IPCA”). The dividend payable related to PST is recorded within other current liabilities on the condensed consolidated balance sheet. Other Investments In December 2018, the Company entered into an agreement to make a $10,000 investment in a fund managed by Autotech Ventures (“Autotech”), a venture capital firm focused on ground transportation technology which is accounted for in accordance with ASU 2016-01, “Financial Instruments – Overall (Subtopic 825-10)”. This investment does not have a readily determinable fair value and is measured at costs, less impairments, adjusted for observable price changes in orderly transactions for identical or similar investments of the same issuer. The Company’s $10,000 investment in the Autotech fund will be contributed over the expected ten-year life of the fund. The Company contributed $400 to the Autotech fund and there were $16 in fair value and other adjustments during the three months ended March 31, 2019. The Autotech investment recorded in investments and other long-term assets in the condensed consolidated balance sheets was $853 and $437 as of March 31, 2019 and December 31, 2018, respectively.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	(16) Subsequent Events On April 1, 2019, the Company entered into an Asset Purchase Agreement (the “APA”) by and among the Company, the Company’s wholly owned subsidiary, Stoneridge Control Devices, Inc. (“SCD”), and Standard Motor Products, Inc. (“SMP”). On the same day pursuant to the APA, in exchange for $40.0 million (subject to a post-closing inventory adjustment) and the assumption of certain liabilities, the Company and SCD sold to SMP product lines and assets related to certain non-core switches and connectors (the “Non-Core Switch and Connector Products”). On April 1, 2019, the Company and SMP also entered into certain ancillary agreements, including a transition services agreement, a contract manufacturing agreement and a supply agreement, pursuant to which the Company will provide and be compensated for certain manufacturing, transitional, administrative and support services to SMP on a short-term basis. The products related to the Non-Core Switch and Connector Products are currently manufactured in Juarez, Mexico and Canton, Massachusetts, and include ball switches, ignition switches, rotary switches, courtesy lamps, toggle switches, headlamp switches and other related components. Non-core switch and connector products net sales and operating income was $11,230 and $3,112, for the three months ended March 31, 2019, respectively, and $11,961 and $3,701, for the three months ended March 31, 2018, respectively.

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2019
Revenue [Abstract]
Revenue by Segment and Geographical Location	The following tables disaggregate our revenue by reportable segment and geographical location (1) for the periods ended March 31, 2019 and 2018: Three months ended Control Devices Electronics PST Consolidated March 31 Net Sales: North America $ 96,720 $ 104,443 $ 22,647 $ 19,986 $ - $ - $ 119,367 $ 124,429 South America - - - - 17,332 20,545 17,332 20,545 Europe 4,412 2,891 66,942 68,544 - - 71,354 71,435 Asia Pacific 8,987 8,023 1,257 1,498 - - 10,244 9,521 Total net sales $ 110,119 $ 115,357 $ 90,846 $ 90,028 $ 17,332 $ 20,545 $ 218,297 $ 225,930 (1) Company sales based on geographic location are where the sale originates not where the customer is located.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2019
Inventories [Abstract]
Schedule of Inventory, Current	Inventory cost includes material, labor and overhead. Inventories consisted of the following: March 31, December 31, Raw materials $ 60,967 $ 54,382 Work-in-progress 5,610 4,710 Finished goods 25,585 20,186 Total inventories, net $ 92,162 $ 79,278

Financial Instruments and Fai_2

Financial Instruments and Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2019
Financial Instruments and Fair Value Measurements [Abstract]
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: Prepaid expenses Accrued expenses and Notional amounts (A) and other current assets other current liabilities March 31, December 31, March 31, December 31, March 31, December 31, Derivatives designated as hedging instruments: Cash flow hedges: Forward currency contracts $ 6,108 $ 9,017 $ 423 $ 370 $ - $ - (A) Notional amounts represent the gross contract of the derivatives outstanding in U.S. dollars.
Amounts Recorded for the Cash Flow Hedges in Other Comprehensive Income (Loss) in Shareholders' Equity and in Net Income	Gross amounts recorded for the cash flow hedges in other comprehensive income (loss) and in net income for the three months ended March 31 are as follows: Gain reclassified from Gain recorded in other other comprehensive income comprehensive income into net income (A) Derivatives designated as cash flow hedges: Forward currency contracts $ 269 $ 1,159 $ 216 $ (152) (A) Gains reclassified from other comprehensive loss into net income were recognized in cost of goods sold (“COGS”) in the Company’s condensed consolidated statements of operations.
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. March 31, December 31, Fair values estimated using Level 1 Level 2 Level 3 Fair value inputs inputs inputs Fair value Financial assets carried at fair value: Forward currency contracts $ 423 $ - $ 423 $ - $ 370 Total financial assets carried at fair value $ 423 $ - $ 423 $ - $ 370 Financial liabilities carried at fair value: Earn-out consideration $ 10,406 $ - $ - $ 10,406 $ 18,672 Total financial liabilities carried at fair value $ 10,406 $ - $ - $ 10,406 $ 18,672
Summary of the Change in Fair Value of the Level 3 Financial Liabilities Related to Contingent Consideration	The following table sets forth a summary of the change in fair value of the Company’s Level 3 financial liabilities related to earn-out consideration that are measured at fair value on a recurring basis. Orlaco PST Total Balance at December 31, 2018 $ 8,602 $ 10,070 $ 18,672 Change in fair value - 469 469 Foreign currency adjustments (128) (133) (261) Earn-out consideration cash payment (8,474) - (8,474) Balance at March 31, 2019 $ - $ 10,406 $ 10,406 Orlaco PST Total Balance at December 31, 2017 $ 8,637 $ 12,109 $ 20,746 Change in fair value 369 535 904 Foreign currency adjustments 235 20 255 Balance at March 31, 2018 $ 9,241 $ 12,664 $ 21,905

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2019
Debt [Abstract]
Schedule of Debt	Debt consisted of the following at March 31, 2019 and December 31, 2018: March 31, December 31, Interest rates at March 31, 2019 Maturity Revolving Credit Facility Credit Facility $ 91,000 $ 96,000 3.54% - 3.55% September 2021 Debt PST short-term obligations 474 989 December 2019 PST long-term notes 1,385 1,527 November 2021 Total debt 1,859 2,516 Less: current portion (1,013) (1,533) Total long-term debt, net $ 846 $ 983

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Schedule of components of lease expense	The components of lease expense are as follows: Three months ended March 31, 2019 Operating lease cost $ 1,463 Short-term lease cost 159 Variable lease cost 96 Total lease cost $ 1,718
Schedule of supplemental balance sheet information	Balance Sheet information related to leases is as follows: As of March 31, 2019 Assets: Operating lease right-of-use assets $ 19,226 Liabilities: Operating lease current liability, included in other current liabilities 4,463 Operating lease long-term liability 14,858 Total leased liabilities $ 19,321
Schedule of maturities of lease liabilities	Maturities of operating lease liabilities are as follows: As of March 31, 2019 Year ending December 31, 2019 (1) $ 3,898 2020 4,559 2021 3,939 2022 3,085 2023 3,104 Thereafter 4,178 Total future minimum lease payments $ 22,763 Less: imputed interest (3,442) Total lease liabilities $ 19,321 (1) For the remaining nine months
Schedule of weighted-average remaining lease term, discount rate and other information	Weighted-average remaining lease term and discount rate is as follows: As of March 31, 2019 Weighted-average remaining lease term (in years) Operating leases Weighted-average discount rate Operating leases %
Schedule of other information related to leases	Other information: Three months ended March 31, 2019 Operating cash flows: Cash paid related to operating lease obligations $ 1,533 Non-cash activity: Right-of-use assets obtained in exchange for operating lease obligations $ 159

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2019
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 March 31, Basic weighted-average Common Shares outstanding 28,529,301 28,249,420 Effect of dilutive shares 555,507 686,610 Diluted weighted-average Common Shares outstanding 29,084,808 28,936,030

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Loss by Component (Tables)	3 Months Ended
	Mar. 31, 2019
Changes in Accumulated Other Comprehensive Loss by Component [Abstract]
Changes in Accumulated Other Comprehensive Loss by Component	Changes in accumulated other comprehensive loss for the three months ended March 31, 2019 and 2018 were as follows: Foreign Unrealized currency gain (loss) translation on derivatives Total Balance at January 1, 2019 $ (86,044) $ 292 $ (85,752) Other comprehensive income (loss) before reclassifications (3,804) 213 (3,591) Amounts reclassified from accumulated other comprehensive loss - (171) (171) Net other comprehensive income (loss), net of tax (3,804) 42 (3,762) Balance at March 31, 2019 $ (89,848) $ 334 $ (89,514) Balance at January 1, 2018 $ (69,417) $ (143) $ (69,560) Other comprehensive income before reclassifications 3,894 915 4,809 Amounts reclassified from accumulated other comprehensive loss - (120) (120) Net other comprehensive income, net of tax 3,894 795 4,689 Balance at March 31, 2018 $ (65,523) $ 652 $ (64,871)

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies [Abstract]
Schedule of Product Warranty and Recall Liability	The following provides a reconciliation of changes in product warranty and recall liability: Three months ended March 31, Product warranty and recall at beginning of period $ 10,494 $ 9,979 Accruals for warranties established during period 1,545 2,274 Aggregate changes in pre-existing liabilities due to claim developments 1,238 387 Settlements made during the period (2,715) (1,772) Foreign currency translation (215) (20) Product warranty and recall at end of period $ 10,347 $ 10,848

Business Realignment and Rest_2

Business Realignment and Restructuring (Tables)	3 Months Ended
	Mar. 31, 2019
Schedule of Restructuring and Related Costs	Business realignment charges by reportable segment were as follows: Three months ended March 31, Control Devices (A) $ 522 $ - PST (B) - 222 Unallocated Corporate (C) 613 - Total business realignment charges $ 1,135 $ 222 (A) Severance costs for the three months ended March 31, 2019 related to SG&A and D&D were $512 and 10, respectively. (B) Severance costs for the three months ended March 31, 2018 related to SG&A were $222. (C) Severance costs for the three months ended March 31, 2019 related to SG&A were $613.
Schedule of Business Realignment Charges Classified by Statement of Operations	Business realignment charges classified by statement of operations line item were as follows: Three months ended March 31, Selling, general and administrative $ 1,125 $ 222 Design and development 10 - Total business realignment charges $ 1,135 $ 222
Electronics [Member]
Schedule of Restructuring and Related Costs	Accrual as of 2019 Charge Utilization Accrual as of January 1, 2019 to Expense Cash Non-Cash March 31, 2019 Employee termination benefits $ 520 $ (15) $ (456) $ - $ 49 Accelerated depreciation - 98 - (98) - Contract termination costs 17 16 (33) - - Other related costs 119 117 (236) - - Total $ 656 $ 216 $ (725) $ (98) $ 49
Control Devices [Member] | Canton Facility Restructuring Plan [Member]
Schedule of Restructuring and Related Costs	Accrual as of 2019 Charge Utilization Accrual as of January 1, 2019 to Expense Cash Non-Cash March 31, 2019 Employee termination benefits $ - $ 1,980 $ - $ - $ 1,980 Other related costs - 245 (245) - - Total $ - $ 2,225 $ (245) $ - $ 1,980

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	A summary of financial information by reportable segment is as follows: Three months ended March 31, Net Sales: Control Devices $ 110,119 $ 115,357 Inter-segment sales 1,861 2,181 Control Devices net sales 111,980 117,538 Electronics 90,846 90,028 Inter-segment sales 8,722 10,472 Electronics net sales 99,568 100,500 PST 17,332 20,545 Inter-segment sales 6 2 PST net sales 17,338 20,547 Eliminations (10,589) (12,655) Total net sales $ 218,297 $ 225,930 Operating Income (Loss): Control Devices $ 11,948 $ 17,879 Electronics 9,031 7,880 PST 670 150 Unallocated Corporate (A) (9,950) (9,062) Total operating income $ 11,699 $ 16,847 Depreciation and Amortization: Control Devices $ 3,094 $ 2,795 Electronics 2,397 2,291 PST 1,525 2,505 Unallocated Corporate 213 197 Total depreciation and amortization (B) $ 7,229 $ 7,788 Interest Expense, net: Control Devices $ 182 $ 19 Electronics 56 34 PST 108 338 Unallocated Corporate 657 963 Total interest expense, net $ 1,003 $ 1,354 Capital Expenditures: Control Devices $ 3,492 $ 5,746 Electronics 3,738 2,773 PST 819 1,259 Unallocated Corporate (C) 635 727 Total capital expenditures $ 8,684 $ 10,505 March 31, December 31, Total Assets: Control Devices $ 191,963 $ 175,708 Electronics 255,887 265,838 PST 81,407 81,002 Corporate (C) 368,852 359,837 Eliminations (315,846) (322,866) Total assets $ 582,263 $ 559,519
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 March 31, Net Sales: North America $ 119,367 $ 124,429 South America 17,332 20,545 Europe and Other 81,598 80,956 Total net sales $ 218,297 $ 225,930 March 31, December 31, Long-term Assets: North America $ 92,315 $ 86,763 South America 44,996 45,408 Europe and Other 121,536 107,171 Total long-term assets $ 258,847 $ 239,342 (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. Assets located at Corporate consist primarily of cash, intercompany loan receivables, fixed assets for the corporate headquarter building, information technology assets, equity investments and investments in subsidiaries.

Basis of Presentation (Narrativ

Basis of Presentation (Narrative) (Details)	64 Months Ended
	May 15, 2017	Mar. 31, 2019	Mar. 31, 2018	May 16, 2017
PST Eletronica Ltda [Member]
Schedule of Equity Method Investments [Line Items]
Percentage ownership in consolidated subsidiary	74.00%
Percentage of additional noncontrolling interest acquired				26.00%
MSIL
Schedule of Equity Method Investments [Line Items]
Ownership percentage		49.00%	49.00%

Recently Issued Accounting St_2

Recently Issued Accounting Standards (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Right of use assets	$ 19,226
Lease liabilities	$ 19,321
Adjustment | ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Right of use assets		$ 20,618
Lease liabilities		$ 20,856

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Revenue [Abstract]
Contract assets	$ 0	$ 0
Contract liabilities	0	0
Capitalized contract acquisition costs	$ 0	$ 0

Revenue (Revenue by Segment and

Revenue (Revenue by Segment and Geographical Location) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Total net sales	$ 218,297	$ 225,930
North America [Member]
Disaggregation of Revenue [Line Items]
Total net sales	119,367	124,429
South America [Member]
Disaggregation of Revenue [Line Items]
Total net sales	17,332	20,545
Europe [Member]
Disaggregation of Revenue [Line Items]
Total net sales	71,354	71,435
Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Total net sales	10,244	9,521
Control Devices [Member]
Disaggregation of Revenue [Line Items]
Total net sales	110,119	115,357
Control Devices [Member] | North America [Member]
Disaggregation of Revenue [Line Items]
Total net sales	96,720	104,443
Control Devices [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Total net sales	4,412	2,891
Control Devices [Member] | Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Total net sales	8,987	8,023
Electronics [Member]
Disaggregation of Revenue [Line Items]
Total net sales	90,846	90,028
Electronics [Member] | North America [Member]
Disaggregation of Revenue [Line Items]
Total net sales	22,647	19,986
Electronics [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Total net sales	66,942	68,544
Electronics [Member] | Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Total net sales	1,257	1,498
PST [Member]
Disaggregation of Revenue [Line Items]
Total net sales	17,332	20,545
PST [Member] | South America [Member]
Disaggregation of Revenue [Line Items]
Total net sales	$ 17,332	$ 20,545

Inventories (Narrative) (Detail

Inventories (Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Inventories [Abstract]
Inventory amount, FIFO	$ 76,877	$ 64,745
Inventory amount, weighted average cost	$ 15,285	$ 14,533

Inventories (Schedule of Invent

Inventories (Schedule of Inventories) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Inventories [Abstract]
Raw materials	$ 60,967	$ 54,382
Work-in-progress	5,610	4,710
Finished goods	25,585	20,186
Total inventories, net	$ 92,162	$ 79,278

Financial Instruments and Fai_3

Financial Instruments and Fair Value Measurements (Narrative) (Details) € in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)	Mar. 31, 2018EUR (€)
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Payment of earn-out consideration paid within operating activities	$ 469	$ 904
Earn-out consideration cash payment within financing activities	3,394
Transfers in or out of Level 3	0
Euro-Denominated Foreign Currency Forward Contracts [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Gain (loss) on derivative instruments held for trading purposes, net		$ (20)
Cash Flow Hedging [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
(Gain) loss from cash flow hedge derivatives to be reclassified	(423)
Cash Flow Hedging [Member] | U.S. Dollar Denominated Foreign Currency Forward Contracts Euro Functional Currency [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Notional amounts	0		$ 0
Cash Flow Hedging [Member] | U.S. Dollar Denominated Foreign Currency Forward Contracts, Swedish Krona Functional Currency [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Notional amounts	0		0
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Forward Currency Contracts [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Notional amounts	6,108		9,017
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Mexican Peso-Denominated Foreign Currency Forward Contracts [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Notional amounts	6,108		$ 9,017
Fair Value, Inputs, Level 2 [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Financial assets carried at fair value	423
Forward currency asset contracts	423
Orlaco [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Earn-out consideration | €				€ 7,500
Payment of earn-out consideration paid within operating activities	5,080
Earn-out consideration cash payment within financing activities	$ 3,394

Financial Instruments and Fai_4

Financial Instruments and Fair Value Measurements (Schedule of Derivative Instruments in Statement of Financial Position, Fair Value) (Details) - Forward Currency Contracts [Member] - Cash Flow Hedging [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Derivatives, Fair Value [Line Items]
Notional amounts	$ 6,108	$ 9,017
Other Assets [Member]
Derivatives, Fair Value [Line Items]
Cash flow hedges , other derivative assets	$ 423	$ 370

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 [Member] - Forward Currency Contracts [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Derivatives designated as cash flow hedges:
Gain (loss) recorded in other comprehensive income	$ 269	$ 1,159
Gain (loss) reclassified from other comprehensive income into net income	$ 216	$ (152)

Financial Instruments and Fai_6

Financial Instruments and Fair Value Measurements (Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis) (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value, Measurements, Recurring [Member]
Financial assets carried at fair value:
Forward currency asset contracts	$ 423	$ 370
Total financial assets carried at fair value	423	370
Financial liabilities carried at fair value:
Earn-out consideration	10,406	18,672
Total financial liabilities carried at fair value	10,406	$ 18,672
Fair Value, Inputs, Level 2 [Member]
Financial assets carried at fair value:
Forward currency asset contracts	423
Total financial assets carried at fair value	423
Fair Value, Inputs, Level 3 [Member]
Financial liabilities carried at fair value:
Earn-out consideration	10,406
Total financial liabilities carried at fair value	$ 10,406

Financial Instruments and Fai_7

Financial Instruments and Fair Value Measurements (Summary of the change in fair value of the Level 3 financial liabilities related to earn-out consideration) (Details) - Earnout Consideration [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Financial liability, Beginning balance	$ 18,672	$ 20,746
Change in fair value	469	904
Foreign currency adjustments	(261)	255
Earn-out consideration cash payment	(8,474)
Financial liability, Ending balance	10,406	21,905
Orlaco [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Financial liability, Beginning balance	8,602	8,637
Change in fair value		369
Foreign currency adjustments	(128)	235
Earn-out consideration cash payment	(8,474)
Financial liability, Ending balance		9,241
PST Eletronica Ltda [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Financial liability, Beginning balance	10,070	12,109
Change in fair value	469	535
Foreign currency adjustments	(133)	20
Financial liability, Ending balance	$ 10,406	$ 12,664

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Selling, General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 1,548	$ 1,404

Debt (Narrative) (Details)

Debt (Narrative) (Details) kr in Thousands, $ in Thousands

Aug. 11, 2016

Aug. 31, 2016USD ($)

Mar. 31, 2019SEK (kr)

Mar. 31, 2019USD ($)

Dec. 31, 2018SEK (kr)

Dec. 31, 2018USD ($)

Oct. 26, 2018USD ($)

Sep. 11, 2018USD ($)

Jan. 30, 2017USD ($)

Dec. 31, 2016USD ($)

Aug. 12, 2016USD ($)

Mar. 25, 2015

Sep. 12, 2014USD ($)

Nov. 02, 2007USD ($)

Debt Instrument [Line Items]

Borrowings outstanding

$ 91,000

$ 96,000

Senior Notes [Member]

Debt Instrument [Line Items]

Debt interest rate

9.50%

Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Capitalized deferred financing costs

$ 399

Line of credit facility, maximum borrowing capacity

$ 300,000

$ 100,000

Increase in maximum borrowing capacity of credit facility

$ 80,000

Borrowings outstanding

$ 91,000

96,000

Line of credit expiration date

Sep. 12, 2019

Maximum leverage ratio

3.00%

3.00%

Minimum interest coverage ratio

3.50%

3.50%

Revolving Credit Facility [Member] | Maximum [Member]

Debt Instrument [Line Items]

Credit facility, commitment fee percentage

0.35%

Long-term debt, weighted average interest rate

3.55%

3.55%

Revolving Credit Facility [Member] | Minimum [Member]

Debt Instrument [Line Items]

Credit facility, commitment fee percentage

0.20%

Long-term debt, weighted average interest rate

3.54%

3.54%

Asset-Based Credit Facility [Member]

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity

$ 100,000

Letter of Credit [Member]

Debt Instrument [Line Items]

Outstanding letters of credit

$ 1,815

1,815

Credit Facility [Member]

Debt Instrument [Line Items]

Credit Facility covenant compliance

The Company was in compliance with all Credit Facility covenants at March 31, 2019 and December 31, 2018

Amendment Three [Member] | Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Line of Credit Facility Amendment Date

Aug. 12, 2016

Line of credit expiration date

Sep. 12, 2021

Amendment Four [Member] | Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Capitalized deferred financing costs

$ 61

Amendment Five [Member] | Revolving Credit Facility [Member] | Maximum [Member]

Debt Instrument [Line Items]

Credit facility, capacity restrictions of investment activities

$ 10,000

Amendment Six [Member] | Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Maximum value of common shares allowed to be repurchased

$ 50,000

PST Debt [Member]

Debt Instrument [Line Items]

Notes covenant compliance

The Company was in compliance with all debt covenants at March 31, 2019 and December 31, 2018

PST Eletronica Ltda [Member] | Term Loan [Member]

Debt Instrument [Line Items]

2019

1,013

2020

380

2021

$ 466

PST Eletronica Ltda [Member] | PST Long-Term Notes [Member]

Debt Instrument [Line Items]

Long-term debt, weighted average interest rate

8.00%

8.00%

PST Eletronica Ltda [Member] | PST Short-Term Notes [Member]

Debt Instrument [Line Items]

Short-term debt, weighted average interest rate

6.00%

6.00%

Borrowing Sub-Limit for the Company's Foreign Subsidiaries [Member] | Amendment Three [Member] | Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Sub-limit for foreign subsidiary borrowings

$ 80,000

Increase in sub-limit for foreign subsidiary borrowings

$ 30,000

Permitted Loans and Investments in Foreign Subsidiaries [Member] | Amendment Three [Member] | Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Increase in Permitted Loans and Investments in Foreign Subsidiaries

$ 5,000

Amount of Permitted Loans and Investments in Foreign Subsidiaries

$ 30,000

Electronics [Member] | Line of Credit [Member]

Debt Instrument [Line Items]

Line of credit facility, maximum borrowing capacity

kr 20,000

$ 2,152

kr 20,000

2,259

Borrowings outstanding

$ 0

$ 0

Debt (Schedule of Debt) (Detail

Debt (Schedule of Debt) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Mar. 25, 2015
Debt Instrument [Line Items]
Revolving credit facility	$ 91,000	$ 96,000
Debt:
Total debt	1,859	2,516
Less: current portion	(1,013)	(1,533)
Total long-term debt, net	846	983
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Revolving credit facility	$ 91,000	96,000
Debt:
Debt, maturity	September 2021
Maximum [Member] | Revolving Credit Facility [Member]
Debt:
Long-term debt, weighted average interest rate	3.55%
Minimum [Member] | Revolving Credit Facility [Member]
Debt:
Long-term debt, weighted average interest rate	3.54%
Senior Notes [Member]
Debt:
Debt interest rate			9.50%
PST Short-Term Obligations [Member]
Debt Instrument [Line Items]
Short-term debt	$ 474	989
Debt:
Debt, maturity	December 2019
Interest rate	6.00%
PST Long-Term Notes [Member]
Debt:
Long-term debt	$ 1,385	$ 1,527
Debt, maturity	November 2021
Interest rate	8.00%

Leases - Narrative (Details)

Leases - Narrative (Details)	3 Months Ended
	Mar. 31, 2019segment
Leases [Abstract]
Number of operating segments	3
Option to extend	true
Option to terminate	true

Leases - Components of lease ex

Leases - Components of lease expense (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Lease Cost
Operating lease cost	$ 1,463
Short-term lease cost	159
Variable lease cost	96
Total lease cost	$ 1,718

Leases - Supplemental balance s

Leases - Supplemental balance sheet information (Details) $ in Thousands	Mar. 31, 2019USD ($)
Assets [Abstract]
Operating lease right of use asset	$ 19,226
Liabilities [Abstract]
Operating lease current liability, included in other current liabilities	$ 4,463
Financial position	us-gaap:OtherLiabilitiesCurrent
Long-term lease liabilities	$ 14,858
Total lease liabilities	$ 19,321

Leases - Maturities of lease li

Leases - Maturities of lease liabilities (Details) $ in Thousands	Mar. 31, 2019USD ($)
Maturities of lease liabilities:
2019	$ 3,898
2020	4,559
2021	3,939
2022	3,085
2023	3,104
Thereafter	4,178
Total undiscounted cash flows	22,763
Present values
Present values	(3,442)
Short-term lease liabilities	4,463
Long-term lease liabilities	14,858
Total lease liabilities	$ 19,321

Leases - Weighted-average remai

Leases - Weighted-average remaining lease term and discount rate (Details)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Operating leases - Weighted-average remaining lease term (in years)	5 years 4 months 17 days
Operating leases - Weighted-average discount rate	5.98%

Leases - Other information (Det

Leases - Other information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Leases [Abstract]
Cash paid related to operating lease obligations	$ 1,533
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 159

Earnings Per Share (Narative) (

Earnings Per Share (Narative) (Details) - shares	Mar. 31, 2019	Mar. 31, 2018
Performance Based Restricted Common Shares [Member]
Performance based restricted common shares outstanding	0	0
Performance Based Right to Receive Common Shares [Member]
Common shares, non-vested	691,207	622,960

Earnings Per Share (Weighted Av

Earnings Per Share (Weighted Average Shares Oustanding Used in Calculating Basic and Diluted Net Income Per Share) (Details) - shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Basic weighted-average Common Shares outstanding	28,529,301	28,249,420
Effect of dilutive shares	555,507	686,610
Diluted weighted-average Common Shares outstanding	29,084,808	28,936,030

Changes in Accumulated Other _3

Changes in Accumulated Other Comprehensive Loss by Component (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2017
Changes in Accumulated Other Comprehensive Loss by Component [Abstract]
Foreign currency translation, Beginning balance		$ (86,044)	$ (69,417)
Foreign currency translation, Other comprehensive income (loss) before reclassifications		(3,804)	3,894
Foreign currency translation, Net other comprehensive income (loss), net of tax		(3,804)	3,894
Foreign currency translation, Ending balance		(89,848)	(65,523)
Unrealized gain (loss) on on derivatives, Beginning balance		292	(143)
Unrealized gain (loss) on on derivatives, Other comprehensive income (loss) before reclassifications		213	915
Unrealized gain (loss) on on derivatives, Amounts reclassified from accumulated other comprehensive loss		(171)	(120)
Unrealized gain (loss) on on derivatives, Net other comprehensive income (loss), net of tax	[1]	42	795
Unrealized gain (loss) on on derivatives, Ending balance		334	652
Total, Other comprehensive income (loss) before reclassifications		(3,591)	4,809
Total, Amounts reclassified from accumulated other comprehensive loss		(171)	(120)
Total, Net other comprehensive income (loss), net of tax		(3,762)	4,689
Accumulated other comprehensive income (loss), net of tax, total		$ (89,514)	$ (64,871)	$ (85,752)	$ (69,560)
[1]	Net of tax expense of $11 and $212 for the three months ended March 31, 2019 and 2018, respectively.

Commitments and Contingencies_2

Commitments and Contingencies (Narrative) (Details) R$ in Thousands	3 Months Ended		15 Months Ended	64 Months Ended
	Mar. 31, 2019USD ($)	Mar. 31, 2018USD ($)	Mar. 31, 2019USD ($)	May 15, 2017	Mar. 31, 2019BRL (R$)	Mar. 31, 2019USD ($)	Dec. 31, 2018BRL (R$)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Short-term Debt [Line Items]
Environmental remediation accrued undiscounted liability						$ 87,000		$ 111,000
Loss recoveries and insurance gain contingencies									$ 1,644,000
Product warranty and recall accrual						3,083,000		3,283,000
Gain on Business Interruption Insurance Recovery	$ 0	$ 0
Cash proceeds related to damaged inventory and incremental costs	0	241,000
Cash proceeds within cash flows from investing activities	$ 0	$ 1,403,000
Insurance recoveries			$ 0
Letter of Credit [Member]
Short-term Debt [Line Items]
Line of credit						1,489,000
PST Eletronica Ltda [Member]
Short-term Debt [Line Items]
Percentage ownership in consolidated subsidiary				74.00%
PST Eletronica Ltda [Member] | Civil, labor and other tax contingencies [Member]
Short-term Debt [Line Items]
Loss contingency, estimate of possible loss					R$ 31200	$ 8,000,000	R$ 29700	$ 7,600,000

Commitments and Contingencies_3

Commitments and Contingencies (Reconciliation of Changes in Product Warranty and Recall Liability) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Commitments and Contingencies [Abstract]
Product warranty and recall at beginning of period	$ 10,494	$ 9,979
Accruals for products shipped during period	1,545	2,274
Aggregate changes in pre-existing liabilities due to claim developments	1,238	387
Settlements made during the period	(2,715)	(1,772)
Foreign currency translation	(215)	(20)
Product warranty and recall at end of period	$ 10,347	$ 10,848

Business Realignment and Rest_3

Business Realignment and Restructuring (Narrative) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Electronics [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 216
Additional restructuring costs	860
Control Devices [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	2,225
Canton Facility Restructuring Plan [Member] | Control Devices [Member] | Minimum [Member]
Restructuring Cost and Reserve [Line Items]
Estimated total cost	6,300
Canton Facility Restructuring Plan [Member] | Control Devices [Member] | Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Estimated total cost	7,300
Canton Facility Restructuring [Member] | Canton Facility Restructuring Plan [Member] | Control Devices [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	2,225
Selling, General and Administrative Expenses [Member] | Canton Facility Restructuring Plan [Member] | Canton Facility [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	195
Cost of Goods Sold [Member] | Canton Facility Restructuring Plan [Member] | Canton Facility [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	1,252
Design and Development Expense [Member] | Canton Facility Restructuring Plan [Member] | Canton Facility [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 778

Business Realignment and Rest_4

Business Realignment and Restructuring (Schedule of Restructuring and Related Costs) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Electronics [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	$ 656
Charge to expense	216
Cash payments	(725)
Utilization, Non-Cash	(98)
Restructuring Reserve, Ending Balance	49
Control Devices [Member]
Restructuring Cost and Reserve [Line Items]
Charge to expense	2,225
Employee Termination [Member] | Electronics [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	520
Charge to expense	(15)
Cash payments	(456)
Restructuring Reserve, Ending Balance	49
Employee Termination [Member] | Control Devices [Member] | Canton Facility Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charge to expense	1,980
Restructuring Reserve, Ending Balance	1,980
Canton Facility Restructuring [Member] | Control Devices [Member] | Canton Facility Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charge to expense	2,225
Cash payments	(245)
Restructuring Reserve, Ending Balance	1,980
Accelerated Depreciation [Member] | Electronics [Member]
Restructuring Cost and Reserve [Line Items]
Charge to expense	98
Utilization, Non-Cash	(98)
Contract Termination [Member] | Electronics [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	17
Charge to expense	16
Cash payments	(33)
Other Restructuring [Member] | Electronics [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	119
Charge to expense	117
Cash payments	(236)
Other Restructuring [Member] | Control Devices [Member] | Canton Facility Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Charge to expense	245
Cash payments	$ (245)

Business Realignment and Rest_5

Business Realignment and Restructuring (Schedule of Business Realignment Charges Classified by Statement of Operations) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Restructuring Cost and Reserve [Line Items]
Total business realignment charges	$ 1,135	$ 222
Selling, General and Administrative Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Total business realignment charges	1,125	222
Severance costs	613
Design and Development Expense [Member]
Restructuring Cost and Reserve [Line Items]
Total business realignment charges	10
Control Devices [Member]
Restructuring Cost and Reserve [Line Items]
Total business realignment charges	522
Electronics [Member] | Selling, General and Administrative Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Severance costs	512
Electronics [Member] | Design and Development Expense [Member]
Restructuring Cost and Reserve [Line Items]
Severance costs	10
PST Segment [Member]
Restructuring Cost and Reserve [Line Items]
Total business realignment charges		222
Unallocated Corporate [Member]
Restructuring Cost and Reserve [Line Items]
Total business realignment charges	$ 613
Unallocated Corporate [Member] | Selling, General and Administrative Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Severance costs		$ 222

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Taxes [Abstract]
Income tax expense (benefit) on operations	$ 1,835	$ 3,233
Effective income tax rate	16.00%	19.50%

Segment Reporting (Narrative) (

Segment Reporting (Narrative) (Details)	3 Months Ended
	Mar. 31, 2019segment
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
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Net Sales:
Net sales	$ 218,297	$ 225,930
Operating Income (Loss)
Total operating income (loss)	11,699	16,847
Total income before income taxes	11,492	16,613
Depreciation and Amortization:
Total depreciation and amortization	7,229	7,788
Interest Expense, net:
Total interest expense, net	1,003	1,354
Interest Expense, net:
Total interest expense, net	1,003	1,354
Capital Expenditures:
Capital expenditures	8,684	10,505
Long-Lived Assets	258,847		$ 239,342
Total Assets:
Total assets	582,263		559,519
Intersegment Eliminations [Member]
Net Sales:
Net sales	(10,589)	(12,655)
Total Assets:
Total assets	(315,846)		(322,866)
Control Devices [Member]
Net Sales:
Net sales	110,119	115,357
Operating Income (Loss)
Total operating income (loss)	11,948	17,879
Depreciation and Amortization:
Total depreciation and amortization	3,094	2,795
Interest Expense, net:
Total interest expense, net	182	19
Capital Expenditures:
Capital expenditures	3,492	5,746
Total Assets:
Total assets	191,963		175,708
Control Devices [Member] | Operating Segments [Member]
Net Sales:
Net sales	111,980	117,538
Control Devices [Member] | Inter-Segment Sales [Member]
Net Sales:
Net sales	1,861	2,181
Electronics [Member]
Net Sales:
Net sales	90,846	90,028
Operating Income (Loss)
Total operating income (loss)	9,031	7,880
Depreciation and Amortization:
Total depreciation and amortization	2,397	2,291
Interest Expense, net:
Total interest expense, net	56	34
Capital Expenditures:
Capital expenditures	3,738	2,773
Total Assets:
Total assets	255,887		265,838
Electronics [Member] | Operating Segments [Member]
Net Sales:
Net sales	99,568	100,500
Electronics [Member] | Inter-Segment Sales [Member]
Net Sales:
Net sales	8,722	10,472
PST [Member]
Net Sales:
Net sales	17,332	20,545
Operating Income (Loss)
Total operating income (loss)	670	150
Depreciation and Amortization:
Total depreciation and amortization	1,525	2,505
Interest Expense, net:
Total interest expense, net	108	338
Capital Expenditures:
Capital expenditures	819	1,259
Total Assets:
Total assets	81,407		81,002
PST [Member] | Operating Segments [Member]
Net Sales:
Net sales	17,338	20,547
PST [Member] | Inter-Segment Sales [Member]
Net Sales:
Net sales	6	2
Unallocated Corporate [Member]
Operating Income (Loss)
Total operating income (loss)	(9,950)	(9,062)
Depreciation and Amortization:
Total depreciation and amortization	213	197
Interest Expense, net:
Total interest expense, net	657	963
Capital Expenditures:
Capital expenditures	635	$ 727
Total Assets:
Total assets	$ 368,852		$ 359,837

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
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Net Sales:
Net sales	$ 218,297	$ 225,930
Long-term Assets:
Total long-term assets	258,847		$ 239,342
North America [Member]
Net Sales:
Net sales	119,367	124,429
Long-term Assets:
Total long-term assets	92,315		86,763
South America [Member]
Net Sales:
Net sales	17,332	20,545
Long-term Assets:
Total long-term assets	44,996		45,408
Europe and Other [Member]
Net Sales:
Net sales	81,598	$ 80,956
Long-term Assets:
Total long-term assets	$ 121,536		$ 107,171

Investments (Narrative) (Detail

Investments (Narrative) (Details) R$ in Thousands, $ in Thousands	3 Months Ended		64 Months Ended
	Mar. 31, 2019USD ($)	Mar. 31, 2018USD ($)	May 15, 2017	Mar. 31, 2019BRL (R$)	Mar. 31, 2019USD ($)	Dec. 31, 2018BRL (R$)	Dec. 31, 2018USD ($)	Mar. 31, 2018BRL (R$)	Mar. 31, 2018USD ($)	May 16, 2017
Schedule of Equity Method Investments [Line Items]
Income (loss) from equity method investments	$ 364	$ 521
Fair value and other adjustments	16
MSIL
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage				49.00%	49.00%			49.00%	49.00%
Equity method investments					$ 11,738		$ 11,288
Income (loss) from equity method investments	$ 364	$ 521
PST Eletronica Ltda [Member]
Schedule of Equity Method Investments [Line Items]
Percentage ownership in consolidated subsidiary			74.00%
Percentage of additional noncontrolling interest acquired										26.00%
Dividends Payable, Price Index Adjustment				R$ 261	68			R$ 249	$ 75
PST Eletronica Ltda [Member] | Noncontrolling interest
Schedule of Equity Method Investments [Line Items]
Dividends payable				R$ 23465	5,980	R$ 23204	5,980
Autotech Ventures [Member] | Venture Capital Funds [Member]
Schedule of Equity Method Investments [Line Items]
Investment commitment							10,000
Investment					853		$ 437
Contribution by company					$ 400

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) - USD ($) $ in Thousands	Apr. 01, 2019	Mar. 31, 2019	Mar. 31, 2018
Subsequent Event, Date		Apr. 1, 2019
Subsequent Event, Description		the Company entered into an Asset Purchase Agreement (the "APA") by and among the Company, the Company's wholly owned subsidiary, Stoneridge Control Devices, Inc. ("SCD"), and Standard Motor Products, Inc. ("SMP"). On the same day pursuant to the APA, in exchange for $40.0 million (subject to a post-closing inventory adjustment) and the assumption of certain liabilities, the Company and SCD sold to SMP product lines and assets related to certain non-core switches and connectors (the "Non-Core Switch and Connector Products"). On April 1, 2019, the Company and SMP also entered into certain ancillary agreements, including a transition services agreement, a contract manufacturing agreement and a supply agreement, pursuant to which the Company will provide and be compensated for certain manufacturing, transitional, administrative and support services to SMP on a short-term basis. The products related to the Non-Core Switch and Connector Products are currently manufactured in Juarez, Mexico and Canton, Massachusetts, and include ball switches, ignition switches, rotary switches, courtesy lamps, toggle switches, headlamp switches and other related components
Non-core Switches and Connector Product [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Disposal group, net sales		$ 11,230	$ 11,961
Disposal group, operating income		$ 3,112	$ 3,701
Subsequent Event [Member] | Scenario, Forecast [Member]
Proceeds from sale of productive assets	$ 40,000