Cooper-Standard (CPS) 10-Q 2 Aug 24 2024 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2024	Jul. 26, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	001-36127
Entity Registrant Name	COOPER-STANDARD HOLDINGS INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-1945088
Entity Address, Address Line One	40300 Traditions Drive
Entity Address, City or Town	Northville
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	48168
City Area Code	248
Local Phone Number	596-5900
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		17,318,907
Entity Central Index Key	0001320461
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Preferred Stock
Cover [Abstract]
Title of 12(b) Security	Preferred Stock Purchase Rights
Security Exchange Name	NYSE
No Trading Symbol Flag	true
Document Information [Line Items]
No Trading Symbol Flag	true
Security Exchange Name	NYSE
Title of 12(b) Security	Preferred Stock Purchase Rights
Common Stock [Member]
Cover [Abstract]
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	CPS
Security Exchange Name	NYSE
Document Information [Line Items]
Security Exchange Name	NYSE
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	CPS

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Sales	$ 708,362	$ 723,740	$ 1,384,787	$ 1,406,198
Cost of products sold	625,422	646,026	1,240,204	1,286,656
Gross profit	82,940	77,714	144,583	119,542
Selling, administration & engineering expenses	52,408	54,605	107,774	106,694
Amortization of intangibles	1,605	1,672	3,266	3,479
Restructuring charges	17,781	8,499	18,914	10,878
Impairment charges	0	654	0	654
Operating income (loss)	11,146	12,284	14,629	(2,163)
Interest expense, net of interest income	(28,635)	(34,034)	(57,916)	(64,254)
Equity in earnings of affiliates	1,302	656	3,572	458
Loss on refinancing and extinguishment of debt	0	0	0	(81,885)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement	(46,787)	0	(46,787)	0
Other expense, net	(5,129)	(2,561)	(8,778)	(6,565)
Loss before income taxes	(68,103)	(23,655)	(95,280)	(154,409)
Income tax expense	8,080	4,765	12,211	5,123
Net loss	(76,183)	(28,420)	(107,491)	(159,532)
Net (income) loss attributable to noncontrolling interests	(60)	591	(412)	1,336
Net loss attributable to Cooper-Standard Holdings Inc.	$ (76,243)	$ (27,829)	$ (107,903)	$ (158,196)
Earnings per share
Basic	$ (4.34)	$ (1.61)	$ (6.16)	$ (9.15)
Diluted	$ (4.34)	$ (1.61)	$ (6.16)	$ (9.15)

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net loss	$ (76,183)	$ (28,420)	$ (107,491)	$ (159,532)
Currency translation adjustment	(7,674)	(6,889)	(14,782)	(6,982)
Benefit plan liabilities adjustment, net of tax	2,889	142	3,042	242
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Remeasurement due to Settlement	48,190	0	48,190	0
Fair value change of derivatives, net of tax	(6,413)	(574)	(2,872)	1,769
Other comprehensive income (loss), net of tax	36,992	(7,321)	33,578	(4,971)
Comprehensive loss	(39,191)	(35,741)	(73,913)	(164,503)
Comprehensive (income) loss attributable to noncontrolling interests	(112)	185	(601)	953
Comprehensive loss attributable to Cooper-Standard Holdings Inc.	$ (39,303)	$ (35,556)	$ (74,514)	$ (163,550)

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 93,793	$ 154,801
Accounts receivable, net	367,132	380,562
Tooling receivable, net	72,197	80,225
Inventories	171,851	146,846
Prepaid expenses	27,125	28,328
Value Added Tax Receivable, Current	61,507	69,684
Other current assets	42,964	40,140
Total current assets	836,569	900,586
Property, plant and equipment, net	568,381	608,431
Operating lease right-of-use assets, net	92,184	91,126
Goodwill	140,688	140,814
Intangible assets, net	37,089	40,568
Other assets	92,039	90,774
Total assets	1,766,950	1,872,299
Current liabilities:
Debt payable within one year	49,551	50,712
Accounts payable	333,555	334,578
Payroll liabilities	100,939	132,422
Accrued liabilities	113,952	116,954
Current operating lease liabilities	19,623	18,577
Total current liabilities	617,620	653,243
Long-term debt	1,057,322	1,044,736
Pension benefits	97,715	100,578
Postretirement benefits other than pensions	27,959	28,940
Long-term operating lease liabilities	76,203	76,482
Other liabilities	51,036	58,053
Total liabilities	1,927,855	1,962,032
Equity:
Common stock, $0.001 par value, 190,000,000 shares authorized; 19,384,716 shares issued and 17,318,907 shares outstanding as of June 30, 2024, and 19,263,288 shares issued and 17,197,479 shares outstanding as of December 31, 2023	17	17
Additional paid-in capital	514,905	512,164
Retained deficit	(499,719)	(391,816)
Accumulated other comprehensive loss	(168,276)	(201,665)
Total Cooper-Standard Holdings Inc. equity	(153,073)	(81,300)
Noncontrolling interests	(7,832)	(8,433)
Total equity	(160,905)	(89,733)
Total liabilities and equity	$ 1,766,950	$ 1,872,299

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	190,000,000	190,000,000
Common stock, shares issued	19,384,716	19,263,288
Common stock, shares outstanding	17,318,907	17,197,479

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Cooper Standard Holdings Inc Equity [Member]	Noncontrolling Interest [Member]
Beginning balance (shares) at Dec. 31, 2022		17,108,029
Beginning balance at Dec. 31, 2022	$ 101,192	$ 17	$ 507,498	$ (189,831)	$ (209,971)	$ 107,713	$ (6,521)
Share-based compensation, Shares		30,489
Share-based compensation, net	740		740			740
Net income (loss)	(131,112)			(130,367)		(130,367)	(745)
Other Comprehensive Income (Loss), Net of Tax	2,350				2,373	2,373	(23)
Ending balance (shares) at Mar. 31, 2023		17,138,518
Ending balance at Mar. 31, 2023	(26,830)	$ 17	508,238	(320,198)	(207,598)	(19,541)	(7,289)
Beginning balance (shares) at Dec. 31, 2022		17,108,029
Beginning balance at Dec. 31, 2022	101,192	$ 17	507,498	(189,831)	(209,971)	107,713	(6,521)
Net income (loss)	(159,532)
Other Comprehensive Income (Loss), Net of Tax	(4,971)
Ending balance (shares) at Jun. 30, 2023		17,196,553
Ending balance at Jun. 30, 2023	(61,703)	$ 17	509,106	(348,027)	(215,325)	(54,229)	(7,474)
Beginning balance (shares) at Mar. 31, 2023		17,138,518
Beginning balance at Mar. 31, 2023	(26,830)	$ 17	508,238	(320,198)	(207,598)	(19,541)	(7,289)
Share-based compensation, Shares		58,035
Share-based compensation, net	868		868	0		868
Net income (loss)	(28,420)			(27,829)		(27,829)	(591)
Other Comprehensive Income (Loss), Net of Tax	(7,321)				(7,727)	(7,727)	406
Ending balance (shares) at Jun. 30, 2023		17,196,553
Ending balance at Jun. 30, 2023	$ (61,703)	$ 17	509,106	(348,027)	(215,325)	(54,229)	(7,474)
Beginning balance (shares) at Dec. 31, 2023	17,197,479	17,197,479
Beginning balance at Dec. 31, 2023	$ (89,733)	$ 17	512,164	(391,816)	(201,665)	(81,300)	(8,433)
Share-based compensation, Shares		92,666
Share-based compensation, net	668		668	0		668
Net income (loss)	(31,308)			(31,660)		(31,660)	352
Other Comprehensive Income (Loss), Net of Tax	(3,414)				(3,551)	(3,551)	137
Ending balance (shares) at Mar. 31, 2024		17,290,145
Ending balance at Mar. 31, 2024	$ (123,787)	$ 17	512,832	(423,476)	(205,216)	(115,843)	(7,944)
Beginning balance (shares) at Dec. 31, 2023	17,197,479	17,197,479
Beginning balance at Dec. 31, 2023	$ (89,733)	$ 17	512,164	(391,816)	(201,665)	(81,300)	(8,433)
Net income (loss)	(107,491)
Other Comprehensive Income (Loss), Net of Tax	$ 33,578
Ending balance (shares) at Jun. 30, 2024	17,318,907	17,318,907
Ending balance at Jun. 30, 2024	$ (160,905)	$ 17	514,905	(499,719)	(168,276)	(153,073)	(7,832)
Beginning balance (shares) at Mar. 31, 2024		17,290,145
Beginning balance at Mar. 31, 2024	(123,787)	$ 17	512,832	(423,476)	(205,216)	(115,843)	(7,944)
Share-based compensation, Shares		28,762
Share-based compensation, net	2,073		2,073	0		2,073
Net income (loss)	(76,183)			(76,243)		(76,243)	60
Other Comprehensive Income (Loss), Net of Tax	$ 36,992				36,940	36,940	52
Ending balance (shares) at Jun. 30, 2024	17,318,907	17,318,907
Ending balance at Jun. 30, 2024	$ (160,905)	$ 17	$ 514,905	$ (499,719)	$ (168,276)	$ (153,073)	$ (7,832)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating Activities:
Net loss	$ (107,491)	$ (159,532)
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation	49,070	52,319
Amortization of intangibles	3,266	3,479
Impairment charges	0	654
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement	46,787	0
Share-based compensation expense	4,862	2,705
Equity in (earnings) losses of affiliates, net of dividends related to earnings	(1,995)	720
Loss on refinancing and extinguishment of debt	0	81,885
Paid-in-Kind Interest	12,367	27,500
Deferred income taxes	915	20
Other	2,601	2,376
Changes in operating assets and liabilities	(36,594)	5,024
Net cash (used in) provided by operating activities	(26,212)	17,150
Investing activities:
Capital expenditures	(28,077)	(46,760)
Other	242	1,638
Net cash used in investing activities	(27,835)	(45,122)
Financing activities:
Proceeds from issuance of long-term debt, net of debt issuance costs	0	925,020
Repayment and refinancing of long-term debt	0	(927,046)
Principal payments on long-term debt	(1,255)	(949)
Decrease in short-term debt, net	(264)	(1,240)
Debt issuance costs and other fees	(1,403)	(74,376)
Taxes withheld and paid on employees' share-based payment awards	(571)	(209)
Other	0	(238)
Net cash used in financing activities	(3,493)	(79,038)
Effects of exchange rate changes on cash, cash equivalents and restricted cash	(4,580)	(4,565)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	(62,120)	(111,575)
Cash, cash equivalents and restricted cash at beginning of period	163,061	192,807
Cash, cash equivalents and restricted cash at end of period	$ 100,941	$ 81,232

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Reconciliation of Cash, Cash Equivalents and Restricted Cash [Abstract]
Cash and cash equivalents	$ 93,793	$ 154,801
Restricted cash included in other current assets	5,267	7,244
Restricted cash included in other assets	1,881	1,016
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$ 100,941	$ 163,061

Overview

Overview	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Overview	Overview Basis of Presentation Cooper-Standard Holdings Inc. (together with its consolidated subsidiaries, the “Company” or “Cooper Standard”), through its wholly-owned subsidiary, Cooper-Standard Automotive Inc. (“CSA U.S.”), is a leading manufacturer of sealing and fluid handling systems (consisting of fuel and brake delivery systems and fluid transfer systems). The Company’s products are primarily for use in passenger vehicles and light trucks that are manufactured by global automotive original equipment manufacturers (“OEMs”) and replacement markets. The Company conducts substantially all of its activities through its subsidiaries. The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”) for interim financial information and should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 (the “2023 Annual Report”), as filed with the SEC. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States (“U.S. GAAP”) for complete financial statements. These financial statements include all adjustments (consisting of normal, recurring adjustments) considered necessary for a fair presentation of the financial position and results of operations of the Company. The operating results for the interim period ended June 30, 2024 are not necessarily indicative of results for the full year. In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through the date the financial statements were issued. As disclosed in its 2023 Annual Report, effective January 1, 2024, the Company changed its management reporting structure with the launch of global product line-focused business segments. This resulted in the realignment of its reportable segments, which are determined based on how the chief operating decision maker (“CODM”) manages the business, allocates resources, makes operating decisions and evaluates operating performance. As a result, the Company established two reportable segments: Sealing Systems and Fluid Handling Systems. All other business activities are reported in Corporate, eliminations and other. The segment realignment had no impact on the Company’s consolidated financial position, results of operations, or cash flows. All segment information included in this Form 10-Q is reflective of this new structure and prior period information has been revised to conform to the Company’s current period presentation. Refer to Note 15. “Segment Reporting” for additional information on the Company’s reportable segments and to Note 5. “Goodwill and Intangible Assets” for the impact thereof to the evaluation of recorded goodwill balances.
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Recently Adopted Accounting Pronouncements The Company adopted the following Accounting Standard Update (“ASU”) during the six months ended June 30, 2024, which did not have a material impact on its condensed consolidated financial statements: Standard Description Effective Date ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures Requires disclosure of significant segment expenses that are regularly provided to the CODM and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items to reconcile to segment profit or loss, and the title and position of the entity’s CODM beginning with annual disclosures in 2024. The amendments in this update also require all annual segment disclosures to be included in interim periods beginning in 2025. January 1, 2024 Recently Issued Accounting Pronouncements The Company considered the recently issued accounting pronouncements summarized as follows, which could have a material impact on its consolidated financial statements or disclosures: Standard Description Impact Effective Date ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures Requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. The Company is currently evaluating the impact of this update on its consolidated financial statements and disclosures. January 1, 2025 ASU 2023-05, Business Combinations - Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement Requires joint ventures to apply a new basis of accounting upon formation, and as a result, initially measure all assets and liabilities at fair value (with exceptions to fair value measurement that are consistent with the business combinations guidance). The Company is currently evaluating the impact of this update on its consolidated financial statements and disclosures. January 1, 2025

Revenue

Revenue	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	Revenue Revenue is recognized for manufactured parts at a point in time, generally when products are shipped or delivered. The Company usually enters into agreements with customers to produce products at the beginning of a vehicle’s life. Blanket purchase orders received from customers and related documents generally establish the annual terms, including pricing, related to a vehicle model. Customers typically pay for parts based on customary business practices with payment terms generally between 30 and 90 days. Consistent with the Company’s change in reportable segments as described in Note 1. “Overview”, the Company has changed its revenue disaggregation presentation to align with the new reportable segment structure. Revenue by customer group for the three months ended June 30, 2024 was as follows: Sealing Systems Fluid Handling Systems Other Consolidated Passenger and Light Duty $ 356,326 $ 315,871 $ — $ 672,197 Commercial 7,986 2,925 2,319 13,230 Other 634 3,946 18,355 22,935 Revenue $ 364,946 $ 322,742 $ 20,674 $ 708,362 Revenue by customer group for the six months ended June 30, 2024 was as follows: Sealing Systems Fluid Handling Systems Other Consolidated Passenger and Light Duty $ 699,847 $ 615,051 $ — $ 1,314,898 Commercial 15,351 5,851 4,218 25,420 Other 1,027 7,355 36,087 44,469 Revenue $ 716,225 $ 628,257 $ 40,305 $ 1,384,787 Revenue by customer group for the three months ended June 30, 2023 was as follows: Sealing Systems Fluid Handling Systems Other Consolidated Passenger and Light Duty $ 364,849 $ 309,719 $ 1,154 $ 675,722 Commercial 7,913 3,137 2,042 13,092 Other 215 4,311 30,400 34,926 Revenue $ 372,977 $ 317,167 $ 33,596 $ 723,740 Revenue by customer group for the six months ended June 30, 2023 was as follows: Sealing Systems Fluid Handling Systems Other Consolidated Passenger and Light Duty $ 706,129 $ 603,312 $ 2,053 $ 1,311,494 Commercial 15,383 6,336 3,955 25,674 Other 445 8,117 60,468 69,030 Revenue $ 721,957 $ 617,765 $ 66,476 $ 1,406,198 The passenger and light duty group consists of sales to automotive OEMs and automotive suppliers, while the commercial group represents sales to OEMs of on- and off-highway commercial equipment and vehicles. The other customer group includes sales related to specialty and adjacent markets. Substantially all of the Company’s revenues were generated from sealing and fluid handling systems (consisting of fuel and brake delivery systems and fluid transfer systems) for use in passenger vehicles and light trucks manufactured by global OEMs. A summary of the Company’s products is as follows: Product Line Description Sealing Systems Protect vehicle interiors from weather, dust and noise intrusion for an improved driving experience; provide aesthetic and functional class-A exterior surface treatment. Fuel and Brake Delivery Systems Sense, deliver and control fluids to fuel and brake systems. Fluid Transfer Systems Sense, deliver and control fluids and vapors for optimal powertrain & HVAC operation. Revenue by geographical region for the three months ended June 30, 2024 was as follows: Sealing Systems Fluid Handling Systems Other Consolidated North America $ 158,020 $ 240,220 $ — $ 398,240 Europe 123,095 31,475 — 154,570 Asia Pacific 60,923 42,160 — 103,083 South America 22,908 8,887 — 31,795 Corporate, eliminations and other — — 20,674 20,674 Revenue $ 364,946 $ 322,742 $ 20,674 $ 708,362 Revenue by geographical region for the six months ended June 30, 2024 was as follows: Sealing Systems Fluid Handling Systems Other Consolidated North America $ 308,871 $ 465,588 $ — $ 774,459 Europe 248,814 66,337 — 315,151 Asia Pacific 115,204 80,041 — 195,245 South America 43,336 16,291 — 59,627 Corporate, eliminations and other — — 40,305 40,305 Revenue $ 716,225 $ 628,257 $ 40,305 $ 1,384,787 Revenue by geographical region for the three months ended June 30, 2023 was as follows: Sealing Systems Fluid Handling Systems Other Consolidated North America $ 138,158 $ 230,651 $ — $ 368,809 Europe 141,656 36,241 — 177,897 Asia Pacific 68,250 41,674 — 109,924 South America 24,913 8,601 — 33,514 Corporate, eliminations and other — — 33,596 33,596 Revenue $ 372,977 $ 317,167 $ 33,596 $ 723,740 Revenue by geographical region for the six months ended June 30, 2023 was as follows: Sealing Systems Fluid Handling Systems Other Consolidated North America $ 276,270 $ 457,657 $ — $ 733,927 Europe 272,771 66,980 — 339,751 Asia Pacific 125,362 78,327 — 203,689 South America 47,554 14,801 — 62,355 Corporate, eliminations and other — — 66,476 66,476 Revenue $ 721,957 $ 617,765 $ 66,476 $ 1,406,198 Contract Estimates The amount of revenue recognized is usually based on the purchase order price and adjusted for variable consideration, including pricing concessions. The Company accrues for pricing concessions by reducing revenue as products are shipped or delivered. The accruals are based on historical experience, anticipated performance and management’s best judgment. The Company also generally has ongoing adjustments to customer pricing arrangements based on the content and cost of its products. Such pricing accruals are adjusted as they are settled with customers. Customer returns, which are infrequent, are usually related to quality or shipment issues and are recorded as a reduction of revenue. The Company generally does not recognize significant return obligations due to their infrequent nature. Contract Balances The Company’s contract assets consist of unbilled amounts associated with variable pricing arrangements in the Asia Pacific region. Once pricing is finalized, contract assets are transferred to accounts receivable. As a result, the timing of revenue recognition and billings, as well as changes in foreign exchange rates, will impact contract assets on an ongoing basis. Contract assets were not materially impacted by any other factors during the six months ended June 30, 2024. The Company’s contract liabilities consist of advance payments received and due from customers. Net contract assets (liabilities) consisted of the following: June 30, 2024 December 31, 2023 Change Contract assets $ 607 $ 437 $ 170 Contract liabilities (15) (15) — Net contract assets $ 592 $ 422 $ 170 Other The Company, at times, enters into agreements that provide for lump sum payments to customers. These payment agreements are recorded as a reduction of revenue during the period in which the commitment is made, unless the payment is contractually recoverable. Amounts related to commitments of future payments to customers in the condensed consolidated balance sheets as of June 30, 2024 and December 31, 2023 were current liabilities of $10,796 and $10,164, respectively, and long-term liabilities of $2,485 and $4,293, respectively.

Restructuring

Restructuring	6 Months Ended
	Jun. 30, 2024
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring On an ongoing basis, the Company evaluates its business and objectives to ensure that it is properly configured and sized based on changing market conditions. Accordingly, the Company has implemented several restructuring initiatives, including closure or consolidation of facilities throughout the world and the reorganization of its operating structure. In May 2024, the Board of Directors of the Company approved a restructuring plan that will eliminate up to 400 salaried, contract and open positions based on the Company’s recently announced product line organizational structure and current and anticipated market demands. The restructuring effort aims to further improve and maximize the Company’s operational efficiency by streamlining business practices and deployed resources, and improving the organization’s overall cost structure. During the three and six months ended June 30, 2024, the Company recognized total restructuring expenses of $17,781 and $18,914, respectively, $16,700 of which related to the restructuring plan approved in May 2024. The Company anticipates total expense related to the restructuring plan approved in May 2024 of approximately $17,000 to $20,000 to be primarily recognized in 2024. The cash expenditures include severance and other related costs directly attributable to the restructuring activities which will be paid in 2024 and 2025. The Company anticipates these restructuring activities to provide approximately $40,000 in annualized savings upon completion. The Company’s restructuring charges consist of severance, retention and outplacement services, and severance-related postemployment benefits (collectively, “employee separation costs”), along with other related exit costs and asset impairments related to restructuring activities (collectively, “other exit costs”). Employee separation costs are recorded based on existing union and employee contracts, statutory requirements, completed negotiations and Company policy. As further described in Note 15. “Segment Reporting”, effective January 1, 2024, the Company changed its management reporting structure with the launch of global product line-focused business segments. As a result, the Company established two reportable segments: Sealing Systems and Fluid Handling Systems. Accordingly, prior period restructuring charges have been revised to conform to the Company’s current period presentation. Restructuring charges by segment were as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Sealing systems $ 10,526 $ 3,292 $ 11,174 $ 4,265 Fluid handling systems 2,500 5,137 2,825 6,241 Corporate and other 4,755 70 4,915 372 Total $ 17,781 $ 8,499 $ 18,914 $ 10,878 Restructuring activity for the six months ended June 30, 2024 was as follows: Employee Separation Costs Other Exit Costs Total Balance as of December 31, 2023 $ 18,960 $ 5,333 $ 24,293 Expense 17,719 1,195 18,914 Cash payments (8,614) (4,117) (12,731) Foreign exchange translation and other (428) (259) (687) Balance as of June 30, 2024 $ 27,637 $ 2,152 $ 29,789

Inventories

Inventories	6 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following: June 30, 2024 December 31, 2023 Finished goods $ 45,935 $ 38,022 Work in process 43,439 38,284 Raw materials and supplies 82,477 70,540 Total $ 171,851 $ 146,846

Goodwill and Intangibles

Goodwill and Intangibles	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill As further described in Note 15. “Segment Reporting”, effective January 1, 2024, the Company changed its management reporting structure with the launch of global product line-focused business segments. Based on this change, the Company established two reportable segments: Sealing Systems and Fluid Handling Systems. The two reportable segments, along with the Industrial Specialty Group business, are the applicable reporting units for purposes of goodwill assignment and evaluation. As a result of the segment realignment, the Company allocated goodwill to the reporting units existing under the new organizational structure on a relative fair value basis. The Company estimated the fair values of the reporting units based upon the present value of their anticipated future cash flows. The Company’s determination of fair value involved judgment and the use of estimates and assumptions. In conjunction with the goodwill allocation, the Company performed a quantitative impairment assessment of goodwill immediately before and after the segment realignment. The quantitative analyses did not result in any impairment charges as the fair value of each reporting unit exceeded its respective carrying value. Changes in the carrying amount of goodwill by reporting unit for the six months ended June 30, 2024 were as follows: Sealing Systems Fluid Handling Systems Industrial Specialty Group Total Balance as of December 31, 2023 $ 47,775 $ 80,303 $ 12,736 $ 140,814 Foreign exchange translation (126) — — (126) Balance as of June 30, 2024 $ 47,649 $ 80,303 $ 12,736 $ 140,688 Goodwill is tested for impairment by reporting unit annually or more frequently if events or circumstances indicate that an impairment may exist. There were no indicators of potential impairment during the six months ended June 30, 2024. Intangible Assets Definite-lived intangible assets and accumulated amortization balances as of June 30, 2024 and December 31, 2023 were as follows: Gross Carrying Amount Accumulated Net Carrying Amount Customer relationships $ 152,161 $ (135,643) $ 16,518 Other 37,798 (17,227) 20,571 Balance as of June 30, 2024 $ 189,959 $ (152,870) $ 37,089 Customer relationships $ 152,403 $ (133,698) $ 18,705 Other 38,090 (16,227) 21,863 Balance as of December 31, 2023 $ 190,493 $ (149,925) $ 40,568

Fair Value Measurements and Fin

Fair Value Measurements and Financial Instruments	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements and Financial Instruments	Fair Value Measurements and Financial Instruments Fair Value Measurements Fair value is defined as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based upon assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, a three-tier fair value hierarchy is utilized, which prioritizes the inputs used in measuring fair value as follows: Level 1: Observable inputs such as quoted prices in active markets; Level 2: Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. Items Measured at Fair Value on a Recurring Basis Estimates of the fair value of foreign currency derivative instruments are determined using exchange traded prices and rates. The Company also considers the risk of non-performance in the estimation of fair value and includes an adjustment for non-performance risk in the measure of fair value of derivative instruments. In certain instances where market data is not available, the Company uses management judgment to develop assumptions that are used to determine fair value. Fair value measurements and the fair value hierarchy level for the Company’s assets and liabilities measured or disclosed at fair value on a recurring basis as of June 30, 2024 and December 31, 2023 were as follows: June 30, 2024 December 31, 2023 Input Forward foreign exchange contracts - other current assets $ 216 $ 1,285 Level 2 Forward foreign exchange contracts - accrued liabilities $ (2,796) $ (998) Level 2 Items Measured at Fair Value on a Nonrecurring Basis In addition to items that are measured at fair value on a recurring basis, the Company measures certain assets and liabilities at fair value on a nonrecurring basis, which are not included in the table above. As these nonrecurring fair value measurements are generally determined using unobservable inputs, these fair value measurements are classified within Level 3 of the fair value hierarchy. Items Not Carried at Fair Value Fair values of the Company’s First Lien Notes, Third Lien Notes, and 2026 Senior Notes were as follows: June 30, 2024 December 31, 2023 Aggregate fair value $ 997,262 $ 984,448 Aggregate carrying value (1) $ 1,051,175 $ 1,038,808 (1) Excludes unamortized debt issuance costs and unamortized original issue discount. Fair values were based on quoted market prices and are classified within Level 1 of the fair value hierarchy. Derivative Instruments and Hedging Activities The Company is exposed to fluctuations in foreign currency exchange rates, interest rates and commodity prices. The Company enters into derivative instruments primarily to hedge portions of its forecasted foreign currency denominated cash flows and designates these derivative instruments as cash flow hedges in order to qualify for hedge accounting. The Company formally documents its hedge relationships, including the identification of the hedging instruments and the hedged items, as well as its risk management objectives and strategies for undertaking the cash flow hedges. The Company also formally assesses whether a cash flow hedge is highly effective in offsetting changes in the cash flows of the hedged item. Derivatives are recorded at fair value in other current assets, other assets, accrued liabilities and other long-term liabilities. For a cash flow hedge, the change in fair value of the derivative is recorded in accumulated other comprehensive income (loss) (“AOCI”) in the condensed consolidated balance sheets, to the extent that the hedges are effective, and reclassified into earnings when the underlying hedged transaction is realized. The realized gains and losses are recorded on the same line as the hedged transaction in the condensed consolidated statements of operations. Cash flows from derivatives used to manage foreign exchange risks designated as cash flow hedges are classified as operating activities within the consolidated statements of cash flows. The Company is exposed to credit risk in the event of nonperformance by its counterparties on its derivative financial instruments. The Company mitigates this credit risk exposure by entering into agreements directly with major financial institutions with high credit standards that are expected to fully satisfy their obligations under the contracts. Cash Flow Hedges Forward Foreign Exchange Contracts. The Company uses forward contracts to mitigate the potential volatility to earnings and cash flows arising from changes in currency exchange rates that impact the Company’s foreign currency transactions. The principal currencies hedged by the Company include various European currencies, the Canadian Dollar, and the Mexican Peso. As of June 30, 2024 and December 31, 2023, the notional amount of these contracts was $119,063 and $207,131, respectively, and consisted of hedges of cash flow transactions extending out to December 2024. Pretax amounts related to the Company’s cash flow hedges that were recognized in other comprehensive income (loss) (“OCI”) were as follows: (Loss) Gain Recognized in OCI Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Forward foreign exchange contracts $ (5,906) $ 4,689 $ (1,698) $ 10,242 Pretax amounts related to the Company’s cash flow hedges that were reclassified from AOCI and recognized in cost of products sold were as follows: Gain Reclassified from AOCI to Income Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Forward foreign exchange contracts $ 506 $ 5,245 $ 1,168 $ 8,579

Pension and Postretirement Bene

Pension and Postretirement Benefits other than Pensions	6 Months Ended
	Jun. 30, 2024
Retirement Benefits [Abstract]
Pension and Postretirement Benefits other than Pensions	Pension and Postretirement Benefits Other Than Pensions The components of net periodic benefit cost (income) for the Company’s defined benefit plans and other postretirement benefit plans were as follows: Pension Benefits Three Months Ended June 30, 2024 2023 U.S. Non-U.S. U.S. Non-U.S. Service cost $ — $ 591 $ — $ 543 Interest cost 126 1,199 2,314 1,315 Expected return on plan assets — (330) (2,113) (308) Amortization of prior service cost and actuarial loss 36 53 778 6 Pension settlement charge 46,787 — — — Net periodic benefit cost $ 46,949 $ 1,513 $ 979 $ 1,556 Pension Benefits Six Months Ended June 30, 2024 2023 U.S. Non-U.S. U.S. Non-U.S. Service cost $ — $ 1,189 $ — $ 1,078 Interest cost 1,945 2,411 4,628 2,610 Expected return on plan assets (1,647) (666) (4,226) (615) Amortization of prior service cost and actuarial loss 591 106 1,556 12 Pension settlement charge 46,787 — — — Net periodic benefit cost $ 47,676 $ 3,040 $ 1,958 $ 3,085 Other Postretirement Benefits Three Months Ended June 30, 2024 2023 U.S. Non-U.S. U.S. Non-U.S. Service cost $ 6 $ 44 $ 13 $ 37 Interest cost 142 191 205 198 Amortization of prior service credit and actuarial (gain) loss (730) 3 (609) (21) Net periodic benefit (income) cost $ (582) $ 238 $ (391) $ 214 Other Postretirement Benefits Six Months Ended June 30, 2024 2023 U.S. Non-U.S. U.S. Non-U.S. Service cost $ 12 $ 89 $ 26 $ 75 Interest cost 284 385 410 395 Amortization of prior service credit and actuarial (gain) loss (1,460) 7 (1,218) (42) Net periodic benefit (income) cost $ (1,164) $ 481 $ (782) $ 428 The service cost component of net periodic benefit cost (income) is included in cost of products sold and selling, administrative and engineering expenses in the condensed consolidated statements of operations. The pension settlement charge is separately presented in the condensed consolidated statement of operations. All other components of net periodic benefit cost (income) are included in other expense, net in the condensed consolidated statements of operations for all periods presented. Pension Plan Termination On October 11, 2022, the Company’s Board of Directors approved a resolution to merge certain of the Company’s U.S. defined benefit pension plans and terminate the resulting merged plan (“U.S. Pension Plan”) effective December 31, 2022. In the fourth quarter of 2023, the Company completed the transfer of all lump sum payments to eligible plan participants who elected such lump sums or otherwise met the criteria for lump sum payments as part of the termination process. On April 3, 2024, the Company irrevocably transferred approximately $137,000 of remaining pension benefit obligations and associated plan assets related to the U.S. Pension Plan to a highly rated insurance company, thereby reducing the Company’s pension obligations and assets by the same amount. As a result, the Company recognized a one-time, non-cash pension settlement charge of $46,787 ($48,190 net of tax) for both the three and six months ended June 30, 2024, primarily related to the accelerated recognition of accumulated actuarial losses included within AOCI in the condensed consolidated balance sheets. This transaction further de-risks the Company’s retirement-related plans by eliminating the potential for the Company to make future cash contributions to fund the remaining pension benefit obligations being transferred to the insurer. Beginning in June 2024, the insurance company began paying plan benefits to eligible plan participants through a group annuity contract. The termination of the U.S. Pension Plan is expected to be completed during the year ended December 31, 2024.

Other Income (Expense), Net

Other Income (Expense), Net	6 Months Ended
	Jun. 30, 2024
Other Income and Expenses [Abstract]
Other (Expense) Income, Net	Other Expense, Net The components of other expense, net were as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Foreign currency losses $ (3,695) $ (534) $ (5,666) $ (2,451) Components of net periodic cost other than service cost (690) (1,765) (1,956) (3,510) Factoring costs (767) (636) (1,420) (1,073) Miscellaneous income 23 374 264 469 Other expense, net $ (5,129) $ (2,561) $ (8,778) $ (6,565)

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company determines its effective tax rate each quarter based upon its estimated annual effective tax rate. The Company records the tax impact of certain unusual or infrequently occurring items, including changes in judgment about valuation allowances and effects of changes in tax laws or rates, in the interim period in which they occur. In addition, jurisdictions with a projected loss for the year where no tax benefit can be recognized are excluded from the estimated annual effective tax rate. Income tax expense, loss before income taxes and the corresponding effective tax rate for the three and six months ended June 30, 2024 and 2023 were as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Income tax expense $ 8,080 $ 4,765 $ 12,211 $ 5,123 Loss before income taxes (68,103) (23,655) (95,280) (154,409) Effective tax rate (12) % (20) % (13) % (3) % The effective tax rate for the three and six months ended June 30, 2024 varied from the effective tax rate for the three and six months ended June 30, 2023 primarily due to the geographic mix of pre-tax income and losses, and the inability to record a tax expense for pre-tax income and a benefit for pre-tax losses in the U.S. and certain foreign jurisdictions due to valuation allowances, adjustments to uncertain tax positions, and other permanent items. The income tax rate for the three and six months ended June 30, 2024 and 2023 varied from the U.S. statutory rate primarily due to the inability to record a tax expense for pre-tax income and a tax benefit for pre-tax losses in the U.S. and certain foreign jurisdictions due to valuation allowances, tax credits, the impact of income taxes on foreign earnings taxed at rates varying from the U.S. statutory rate, adjustments to uncertain tax positions, and other permanent items. The Company’s current and future provision for income taxes is impacted by changes in valuation allowances in the U.S. and certain foreign jurisdictions. The Company’s future provision for income taxes will include no tax benefit with respect to losses incurred and, except for certain jurisdictions, no tax expense with respect to income generated in these countries until the respective valuation allowances are eliminated. Accordingly, income taxes are impacted by changes in valuation allowances and the mix of earnings among jurisdictions. The Company evaluates the realizability of its deferred tax assets on a quarterly basis. In completing this evaluation, the Company considers all available evidence in order to determine, based on the weight of the evidence, if a valuation allowance for its deferred tax assets is necessary. Such evidence includes historical results, future reversals of existing taxable temporary differences and expectations for future taxable income (exclusive of the reversal of temporary differences and carryforwards), as well as the implementation of feasible and prudent tax planning strategies. If, based on the weight of the evidence, it is more likely than not that all or a portion of the Company’s deferred tax assets will not be realized, a valuation allowance is recorded. If operating results improve or decline on a continual basis in a particular jurisdiction, the Company’s decision regarding the need for a valuation allowance could change, resulting in either the initial recognition or reversal of a valuation allowance in that jurisdiction, which could have a significant impact on income tax expense in the period recognized and subsequent periods. In determining the provision for income taxes for financial statement purposes, the Company makes certain estimates and judgments, which affect its evaluation of the carrying value of its deferred tax assets, as well as its calculation of certain tax liabilities. The Company, or one of its subsidiaries, files income tax returns in the United States and other foreign jurisdictions. During the examination of the Company’s 2015-2018 U.S. federal income tax filings, the IRS asserted that income earned by a Netherlands subsidiary from its Mexican branch operations should be categorized as foreign based company sales income under Section 954(d) of the Internal Revenue Code and should be recognized currently as taxable income on the Company’s 2015-2018 U.S. federal income tax filings. As a result of this assertion, the IRS issued a Notice of Proposed Adjustment (“NOPA”). The Company believes the proposed adjustment is without merit and is in the process of contesting the matter. Currently, the protest with the IRS for the 2015-2018 tax years is with the IRS’s administrative appeals office, and the Company is having continuing discussion about the issue. The Company believes, after consultation with tax and legal counsel, that it is more likely than not that it will ultimately be successful in defending its position. As such, the Company has not recorded any impact of the IRS’s proposed adjustment in its condensed consolidated financial statements as of and for both the three and six months ended June 30, 2024. In the event the Company is not successful in defending its position, the potential income tax expense impact, including interest, related to tax years 2015 through June 30, 2024 is less than $10,000. The Company intends to vigorously contest the conclusions reached in the NOPA through the IRS’s administrative appeals process, and, if necessary, through litigation. On August 16, 2022, the U.S. enacted the Inflation Reduction Action of 2022, which, among other things, implements a 15% minimum tax on financial statement income of certain large corporations, a 1% excise tax on net stock repurchases and several tax incentives to promote clean energy. The provisions were effective in the first quarter of 2023 and did not have a significant impact on the Company’s condensed consolidated financial statements. Numerous countries have agreed to a statement in support of the Organization for Economic Co-operation and Development (“OECD”) model rules that propose a global minimum tax rate of 15%, and European Union member states have agreed to implement the global minimum tax. Certain countries, including European Union member states, have enacted or are expected to enact legislation to be effective as early as 2024, with widespread implementation of a global minimum tax expected by 2025. The Company has recorded the impact of the global minimum tax as currently enacted in the condensed consolidated financial statements as of June 30, 2024 and for the three and six months ended June 30, 2024. As further legislation becomes effective in countries in which the Company does business, the Company’s provision for income taxes could be impacted. The Company will continue to monitor pending legislation and implementation by individual countries and adjust its calculations accordingly.

Net Income (Loss) Per Share Att

Net Income (Loss) Per Share Attributable to Cooper-Standard Holdings Inc.	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Net Income (Loss) Per Share Attributable to Cooper-Standard Holdings Inc.	Net Loss Per Share Attributable to Cooper-Standard Holdings Inc. Basic net loss per share attributable to Cooper-Standard Holdings Inc. was computed by dividing net loss attributable to Cooper-Standard Holdings Inc. by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share attributable to Cooper-Standard Holdings Inc. was computed using the treasury stock method by dividing diluted net loss available to Cooper-Standard Holdings Inc. by the weighted average number of shares of common stock outstanding, including the dilutive effect of common stock equivalents, using the average share price during the period. Information used to compute basic and diluted net loss per share attributable to Cooper-Standard Holdings Inc. was as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Net loss available to Cooper-Standard Holdings Inc. common stockholders $ (76,243) $ (27,829) $ (107,903) $ (158,196) Basic weighted average shares of common stock outstanding 17,564,015 17,334,918 17,513,076 17,282,462 Dilutive effect of common stock equivalents — — — — Diluted weighted average shares of common stock outstanding 17,564,015 17,334,918 17,513,076 17,282,462 Basic net loss per share attributable to Cooper-Standard Holdings Inc. $ (4.34) $ (1.61) $ (6.16) $ (9.15) Diluted net loss per share attributable to Cooper-Standard Holdings Inc. $ (4.34) $ (1.61) $ (6.16) $ (9.15) Securities excluded from the calculation of diluted loss per share were approximately 239,000 and 44,000 for the three months ended June 30, 2024 and 2023, respectively, and 232,000 and 42,000 for the six months ended June 30, 2024 and 2023, respectively, because the inclusion of such securities in the calculation would have been anti-dilutive.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Loss Changes in accumulated other comprehensive loss by component, net of related tax, were as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Foreign currency translation adjustment Balance at beginning of period $ (164,901) $ (158,093) $ (157,656) $ (158,023) Other comprehensive loss before reclassifications (7,726) (1) (7,295) (1) (14,971) (1) (7,365) (1) Amounts reclassified from accumulated other comprehensive loss — — — — Balance at end of period $ (172,627) $ (165,388) $ (172,627) $ (165,388) Benefit plan liabilities Balance at beginning of period $ (43,996) $ (60,151) $ (44,149) $ (60,251) Other comprehensive income (loss) before reclassifications (net of tax expense (benefit) of $23, $(94), $45, and $(29), respectively) 3,972 (16) 4,242 (74) Amounts reclassified from accumulated other comprehensive income 47,107 (2) 158 (3) 46,990 (4) 316 (5) Balance at end of period $ 7,083 $ (60,009) $ 7,083 $ (60,009) Fair value change of derivatives Balance at beginning of period $ 3,681 $ 10,646 $ 140 $ 8,303 Other comprehensive (loss) income before reclassifications (net of tax expense of $1, $1,419, $6, and $2,189, respectively) (5,907) 3,270 (1,704) 8,053 Amounts reclassified from accumulated other comprehensive loss (net of no tax expense, $1,401, no tax expense, and $2,295, respectively) (506) (3,844) (1,168) (6,284) Balance at end of period $ (2,732) $ 10,072 $ (2,732) $ 10,072 Accumulated other comprehensive loss, ending balance $ (168,276) $ (215,325) $ (168,276) $ (215,325) (1) Includes other comprehensive (loss) income related to intra-entity foreign currency balances that are of a long-term investment nature of $(7,341) and $1,979 for the three months ended June 30, 2024 and 2023, respectively, and $(15,784) and $(1,844) for the six months ended June 30, 2024 and 2023, respectively. (2) Includes the effect of the amortization of actuarial gains of $(252) and amortization of prior service cost of $3, net of tax of $1,403, and the impact of a one-time, non-cash pension settlement charge of $46,342 reclassified to net earnings. See Note 8. “Pension and Postretirement Benefits Other Than Pensions” for additional information. (3) Includes the effect of the amortization of actuarial losses of $147 and amortization of prior service cost of $6, net of tax of $5. (4) Includes the effect of the amortization of actuarial gains of $(764) and amortization of prior service cost of $7, net of tax of $1,405, and the impact of a one-time, non-cash pension settlement charge of $46,342 reclassified to net earnings. See Note 8. “Pension and Postretirement Benefits Other Than Pensions” for additional information. (5) Includes the effect of the amortization of actuarial losses of $294 and amortization of prior service cost of $12, net of tax of $10.

Common Stock

Common Stock	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Common Stock	Common Stock Share Repurchase Program

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company is periodically involved in claims, litigation and various legal matters that arise in the ordinary course of business. The Company accrues for litigation exposure when it is probable that future costs will be incurred and such costs can be reasonably estimated. Any resulting adjustments, which could be material, are recorded in the period the adjustments are identified. As of June 30, 2024, the Company does not believe that there is a reasonable possibility that any material loss exceeding the amounts already recognized for claims, litigation and various legal matters, if any, has been incurred. However, the ultimate resolutions of these proceedings and matters are inherently unpredictable. As such, the Company’s financial condition, results of operations or cash flows could be adversely affected in any particular period by the unfavorable resolution of one or more of these proceedings or matters.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Segment Reporting Disclosure	Segment Reporting The Company had historically managed its automotive business in four reportable segments: North America, Europe, Asia Pacific and South America. All other business activities were reported in Corporate, eliminations and other. As disclosed in its 2023 Annual Report, effective January 1, 2024, the Company changed its management reporting structure with the launch of global product line-focused business segments. This resulted in the realignment of the Company’s reportable segments, which are based on how the CODM manages the business, allocates resources, makes operating decisions, and evaluates operating performance. Based on this change, the Company established two reportable automotive segments: Sealing Systems and Fluid Handling Systems. All other business activities are reported in Corporate, eliminations and other. Additional information related to the composition of each reportable segment is included below: • Sealing Systems: The Sealing Systems segment is comprised of products that are designed and manufactured to protect vehicle interiors from weather, dust and noise intrusion for an improved driving experience. Its products also provide aesthetic and functional class-A exterior surface treatment. As disclosed in its 2023 Annual Report, the Company believes it is the largest global producer of sealing systems. • Fluid Handling Systems: The Fluid Handling Systems segment is comprised of products that help convey, connect, control and communicate throughout fluid systems for superior performance across diverse powertrains. The Company leverages its innovation expertise and vertically integrated manufacturing process with strong global standardization to support customers throughout the world. The new structure is expected to optimize asset and resource allocation, enhance operating efficiency and aid in accelerating growth. The segment realignment had no impact on the Company’s consolidated financial position, results of operations, or cash flows. All segment information is reflective of this new structure, and prior period information has been revised to conform to the Company’s current period presentation. The Company uses segment adjusted EBITDA as the measure of earnings to assess the performance of each segment and determine the resources to be allocated to the segments. The results of each segment include certain allocations for general, administrative and other shared costs. Segment adjusted EBITDA may not be comparable to similarly titled measures reported by other companies. Certain financial information on the Company’s reportable segments was as follows: Three Months Ended June 30, 2024 2023 External Sales Intersegment Sales Adjusted EBITDA External Sales Intersegment Sales Adjusted EBITDA Sealing systems $ 364,946 $ 11,886 $ 35,035 $ 372,977 $ 14,981 $ 35,562 Fluid handling systems 322,742 5,366 16,282 317,167 7,319 13,641 Total for reportable segments $ 687,688 $ 17,252 $ 51,317 $ 690,144 $ 22,300 $ 49,203 Six Months Ended June 30, 2024 2023 External Sales Intersegment Sales Adjusted EBITDA External Sales Intersegment Sales Adjusted EBITDA Sealing systems $ 716,225 $ 23,795 $ 56,406 $ 721,957 $ 30,204 $ 47,278 Fluid handling systems 628,257 10,196 27,264 617,765 12,442 17,844 Total for reportable segments $ 1,344,482 $ 33,991 $ 83,670 $ 1,339,722 $ 42,646 $ 65,122 Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Total reportable segments adjusted EBITDA $ 51,317 $ 49,203 $ 83,670 $ 65,122 Restructuring charges (17,781) (8,499) (18,914) (10,878) Impairment charges — (654) — (654) Pension settlement charge (46,787) — (46,787) — Loss on refinancing and extinguishment of debt — — — (81,885) Income tax expense (8,080) (4,765) (12,211) (5,123) Interest expense, net of interest income (28,635) (34,034) (57,916) (64,254) Depreciation and amortization (25,873) (27,816) (52,336) (55,798) Corporate, eliminations and other (1) (404) (1,264) (3,409) (4,726) Net loss attributable to Cooper-Standard Holdings Inc. $ (76,243) $ (27,829) $ (107,903) $ (158,196) (1) Includes revenue and expenses from the ISG business, which is an operating segment that does not meet the quantitative thresholds for determining reportable segments, and corporate-related costs including deferred compensation arrangements and advanced engineering spending. June 30, 2024 December 31, 2023 Segment assets: Sealing systems $ 832,569 $ 906,022 Fluid handling systems 705,262 735,465 Total segment assets $ 1,537,831 $ 1,641,487 Corporate, eliminations and other 229,119 230,812 Consolidated $ 1,766,950 $ 1,872,299

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net (Loss) Income Attributable to Parent	$ (76,243)	$ (27,829)	$ (107,903)	$ (158,196)

Insider Trading Arrangements

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

Overview (Policies)

Overview (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of presentation	Basis of Presentation Cooper-Standard Holdings Inc. (together with its consolidated subsidiaries, the “Company” or “Cooper Standard”), through its wholly-owned subsidiary, Cooper-Standard Automotive Inc. (“CSA U.S.”), is a leading manufacturer of sealing and fluid handling systems (consisting of fuel and brake delivery systems and fluid transfer systems). The Company’s products are primarily for use in passenger vehicles and light trucks that are manufactured by global automotive original equipment manufacturers (“OEMs”) and replacement markets. The Company conducts substantially all of its activities through its subsidiaries. The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”) for interim financial information and should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 (the “2023 Annual Report”), as filed with the SEC. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States (“U.S. GAAP”) for complete financial statements. These financial statements include all adjustments (consisting of normal, recurring adjustments) considered necessary for a fair presentation of the financial position and results of operations of the Company. The operating results for the interim period ended June 30, 2024 are not necessarily indicative of results for the full year. In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through the date the financial statements were issued. As disclosed in its 2023 Annual Report, effective January 1, 2024, the Company changed its management reporting structure with the launch of global product line-focused business segments. This resulted in the realignment of its reportable segments, which are determined based on how the chief operating decision maker (“CODM”) manages the business, allocates resources, makes operating decisions and evaluates operating performance. As a result, the Company established two reportable segments: Sealing Systems and Fluid Handling Systems. All other business activities are reported in Corporate, eliminations and other. The segment realignment had no impact on the Company’s consolidated financial position, results of operations, or cash flows. All segment information included in this Form 10-Q is reflective of this new structure and prior period information has been revised to conform to the Company’s current period presentation. Refer to Note 15. “Segment Reporting” for additional information on the Company’s reportable segments and to Note 5. “Goodwill and Intangible Assets” for the impact thereof to the evaluation of recorded goodwill balances.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Contract with Customer, Asset and Liability [Table Text Block]	The Company’s contract liabilities consist of advance payments received and due from customers. Net contract assets (liabilities) consisted of the following: June 30, 2024 December 31, 2023 Change Contract assets $ 607 $ 437 $ 170 Contract liabilities (15) (15) — Net contract assets $ 592 $ 422 $ 170

Restructuring (Tables)

Restructuring (Tables)	6 Months Ended
	Jun. 30, 2024
Restructuring and Related Activities [Abstract]
Summary of Activity of Restructuring	Restructuring charges by segment were as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Sealing systems $ 10,526 $ 3,292 $ 11,174 $ 4,265 Fluid handling systems 2,500 5,137 2,825 6,241 Corporate and other 4,755 70 4,915 372 Total $ 17,781 $ 8,499 $ 18,914 $ 10,878
Schedule of Restructuring Reserve by Type of Cost	Restructuring activity for the six months ended June 30, 2024 was as follows: Employee Separation Costs Other Exit Costs Total Balance as of December 31, 2023 $ 18,960 $ 5,333 $ 24,293 Expense 17,719 1,195 18,914 Cash payments (8,614) (4,117) (12,731) Foreign exchange translation and other (428) (259) (687) Balance as of June 30, 2024 $ 27,637 $ 2,152 $ 29,789

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2024
Inventory Disclosure [Abstract]
Summary of Inventories	Inventories consist of the following: June 30, 2024 December 31, 2023 Finished goods $ 45,935 $ 38,022 Work in process 43,439 38,284 Raw materials and supplies 82,477 70,540 Total $ 171,851 $ 146,846

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Carrying Amount of Goodwill by Reportable Operating Segment	Changes in the carrying amount of goodwill by reporting unit for the six months ended June 30, 2024 were as follows: Sealing Systems Fluid Handling Systems Industrial Specialty Group Total Balance as of December 31, 2023 $ 47,775 $ 80,303 $ 12,736 $ 140,814 Foreign exchange translation (126) — — (126) Balance as of June 30, 2024 $ 47,649 $ 80,303 $ 12,736 $ 140,688
Intangible Assets and Accumulated Amortization Balances	ntangible assets and accumulated amortization balances as of June 30, 2024 and December 31, 2023 were as follows: Gross Carrying Amount Accumulated Net Carrying Amount Customer relationships $ 152,161 $ (135,643) $ 16,518 Other 37,798 (17,227) 20,571 Balance as of June 30, 2024 $ 189,959 $ (152,870) $ 37,089 Customer relationships $ 152,403 $ (133,698) $ 18,705 Other 38,090 (16,227) 21,863 Balance as of December 31, 2023 $ 190,493 $ (149,925) $ 40,568

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Outstanding Debt	A summary of outstanding debt as of June 30, 2024 and December 31, 2023 is as follows: June 30, 2024 December 31, 2023 First Lien Notes $ 609,644 $ 595,966 Third Lien Notes 387,425 386,681 2026 Senior Notes 42,377 42,338 Finance leases 20,566 22,243 Other borrowings 46,861 48,220 Total debt 1,106,873 1,095,448 Less: current portion (49,551) (50,712) Total long-term debt $ 1,057,322 $ 1,044,736
Receivables Outstanding Under Transfer Arrangements [Table Text Block]	Amounts outstanding under receivable transfer agreements entered into by various locations as of the period end were as follows: June 30, 2024 December 31, 2023 Off-balance sheet arrangements $ 62,471 $ 47,903
Receivables Factored and Costs Incurred [Table Text Block]	Accounts receivable factored and related costs throughout the period were as follows: Off-Balance Sheet Arrangements Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Accounts receivable factored $ 124,171 $ 114,260 $ 245,287 $ 217,305 Costs 767 636 1,420 1,073

Fair Value Measurements and F_2

Fair Value Measurements and Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Hierarchy Level for Company's Liabilities Measured	Fair value measurements and the fair value hierarchy level for the Company’s assets and liabilities measured or disclosed at fair value on a recurring basis as of June 30, 2024 and December 31, 2023 were as follows: June 30, 2024 December 31, 2023 Input Forward foreign exchange contracts - other current assets $ 216 $ 1,285 Level 2 Forward foreign exchange contracts - accrued liabilities $ (2,796) $ (998) Level 2
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	Fair values of the Company’s First Lien Notes, Third Lien Notes, and 2026 Senior Notes were as follows: June 30, 2024 December 31, 2023 Aggregate fair value $ 997,262 $ 984,448 Aggregate carrying value (1) $ 1,051,175 $ 1,038,808 (1) Excludes unamortized debt issuance costs and unamortized original issue discount.
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]	Pretax amounts related to the Company’s cash flow hedges that were recognized in other comprehensive income (loss) (“OCI”) were as follows: (Loss) Gain Recognized in OCI Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Forward foreign exchange contracts $ (5,906) $ 4,689 $ (1,698) $ 10,242
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Pretax amounts related to the Company’s cash flow hedges that were reclassified from AOCI and recognized in cost of products sold were as follows: Gain Reclassified from AOCI to Income Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Forward foreign exchange contracts $ 506 $ 5,245 $ 1,168 $ 8,579

Accounts Receivable Factoring (

Accounts Receivable Factoring (Tables)	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Receivables Outstanding Under Transfer Arrangements [Table Text Block]	Amounts outstanding under receivable transfer agreements entered into by various locations as of the period end were as follows: June 30, 2024 December 31, 2023 Off-balance sheet arrangements $ 62,471 $ 47,903
Receivables Factored and Costs Incurred [Table Text Block]	Accounts receivable factored and related costs throughout the period were as follows: Off-Balance Sheet Arrangements Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Accounts receivable factored $ 124,171 $ 114,260 $ 245,287 $ 217,305 Costs 767 636 1,420 1,073

Pension and Postretirement Be_2

Pension and Postretirement Benefits other than Pensions (Tables)	6 Months Ended
	Jun. 30, 2024
Retirement Benefits [Abstract]
Net Periodic Benefit Cost of Defined Benefit Plans and Other Postretirement Benefit Plans	The components of net periodic benefit cost (income) for the Company’s defined benefit plans and other postretirement benefit plans were as follows: Pension Benefits Three Months Ended June 30, 2024 2023 U.S. Non-U.S. U.S. Non-U.S. Service cost $ — $ 591 $ — $ 543 Interest cost 126 1,199 2,314 1,315 Expected return on plan assets — (330) (2,113) (308) Amortization of prior service cost and actuarial loss 36 53 778 6 Pension settlement charge 46,787 — — — Net periodic benefit cost $ 46,949 $ 1,513 $ 979 $ 1,556 Pension Benefits Six Months Ended June 30, 2024 2023 U.S. Non-U.S. U.S. Non-U.S. Service cost $ — $ 1,189 $ — $ 1,078 Interest cost 1,945 2,411 4,628 2,610 Expected return on plan assets (1,647) (666) (4,226) (615) Amortization of prior service cost and actuarial loss 591 106 1,556 12 Pension settlement charge 46,787 — — — Net periodic benefit cost $ 47,676 $ 3,040 $ 1,958 $ 3,085 Other Postretirement Benefits Three Months Ended June 30, 2024 2023 U.S. Non-U.S. U.S. Non-U.S. Service cost $ 6 $ 44 $ 13 $ 37 Interest cost 142 191 205 198 Amortization of prior service credit and actuarial (gain) loss (730) 3 (609) (21) Net periodic benefit (income) cost $ (582) $ 238 $ (391) $ 214 Other Postretirement Benefits Six Months Ended June 30, 2024 2023 U.S. Non-U.S. U.S. Non-U.S. Service cost $ 12 $ 89 $ 26 $ 75 Interest cost 284 385 410 395 Amortization of prior service credit and actuarial (gain) loss (1,460) 7 (1,218) (42) Net periodic benefit (income) cost $ (1,164) $ 481 $ (782) $ 428

Other Income (Expense), Net (Ta

Other Income (Expense), Net (Tables)	6 Months Ended
	Jun. 30, 2024
Other Income and Expenses [Abstract]
Details of Components of Other Income Expense, Net	The components of other expense, net were as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Foreign currency losses $ (3,695) $ (534) $ (5,666) $ (2,451) Components of net periodic cost other than service cost (690) (1,765) (1,956) (3,510) Factoring costs (767) (636) (1,420) (1,073) Miscellaneous income 23 374 264 469 Other expense, net $ (5,129) $ (2,561) $ (8,778) $ (6,565)

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	Income tax expense, loss before income taxes and the corresponding effective tax rate for the three and six months ended June 30, 2024 and 2023 were as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Income tax expense $ 8,080 $ 4,765 $ 12,211 $ 5,123 Loss before income taxes (68,103) (23,655) (95,280) (154,409) Effective tax rate (12) % (20) % (13) % (3) %

Net Income (Loss) Per Share A_2

Net Income (Loss) Per Share Attributable to Cooper-Standard Holdings Inc. (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Basic and diluted net income per share attributable	Information used to compute basic and diluted net loss per share attributable to Cooper-Standard Holdings Inc. was as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Net loss available to Cooper-Standard Holdings Inc. common stockholders $ (76,243) $ (27,829) $ (107,903) $ (158,196) Basic weighted average shares of common stock outstanding 17,564,015 17,334,918 17,513,076 17,282,462 Dilutive effect of common stock equivalents — — — — Diluted weighted average shares of common stock outstanding 17,564,015 17,334,918 17,513,076 17,282,462 Basic net loss per share attributable to Cooper-Standard Holdings Inc. $ (4.34) $ (1.61) $ (6.16) $ (9.15) Diluted net loss per share attributable to Cooper-Standard Holdings Inc. $ (4.34) $ (1.61) $ (6.16) $ (9.15)

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Changes in Accumulated Other Comprehensive Income (Loss)	Changes in accumulated other comprehensive loss by component, net of related tax, were as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Foreign currency translation adjustment Balance at beginning of period $ (164,901) $ (158,093) $ (157,656) $ (158,023) Other comprehensive loss before reclassifications (7,726) (1) (7,295) (1) (14,971) (1) (7,365) (1) Amounts reclassified from accumulated other comprehensive loss — — — — Balance at end of period $ (172,627) $ (165,388) $ (172,627) $ (165,388) Benefit plan liabilities Balance at beginning of period $ (43,996) $ (60,151) $ (44,149) $ (60,251) Other comprehensive income (loss) before reclassifications (net of tax expense (benefit) of $23, $(94), $45, and $(29), respectively) 3,972 (16) 4,242 (74) Amounts reclassified from accumulated other comprehensive income 47,107 (2) 158 (3) 46,990 (4) 316 (5) Balance at end of period $ 7,083 $ (60,009) $ 7,083 $ (60,009) Fair value change of derivatives Balance at beginning of period $ 3,681 $ 10,646 $ 140 $ 8,303 Other comprehensive (loss) income before reclassifications (net of tax expense of $1, $1,419, $6, and $2,189, respectively) (5,907) 3,270 (1,704) 8,053 Amounts reclassified from accumulated other comprehensive loss (net of no tax expense, $1,401, no tax expense, and $2,295, respectively) (506) (3,844) (1,168) (6,284) Balance at end of period $ (2,732) $ 10,072 $ (2,732) $ 10,072 Accumulated other comprehensive loss, ending balance $ (168,276) $ (215,325) $ (168,276) $ (215,325) (1) Includes other comprehensive (loss) income related to intra-entity foreign currency balances that are of a long-term investment nature of $(7,341) and $1,979 for the three months ended June 30, 2024 and 2023, respectively, and $(15,784) and $(1,844) for the six months ended June 30, 2024 and 2023, respectively. (2) Includes the effect of the amortization of actuarial gains of $(252) and amortization of prior service cost of $3, net of tax of $1,403, and the impact of a one-time, non-cash pension settlement charge of $46,342 reclassified to net earnings. See Note 8. “Pension and Postretirement Benefits Other Than Pensions” for additional information. (3) Includes the effect of the amortization of actuarial losses of $147 and amortization of prior service cost of $6, net of tax of $5. (4) Includes the effect of the amortization of actuarial gains of $(764) and amortization of prior service cost of $7, net of tax of $1,405, and the impact of a one-time, non-cash pension settlement charge of $46,342 reclassified to net earnings. See Note 8. “Pension and Postretirement Benefits Other Than Pensions” for additional information. (5) Includes the effect of the amortization of actuarial losses of $294 and amortization of prior service cost of $12, net of tax of $10.

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Information on Company's Business Segments	Certain financial information on the Company’s reportable segments was as follows: Three Months Ended June 30, 2024 2023 External Sales Intersegment Sales Adjusted EBITDA External Sales Intersegment Sales Adjusted EBITDA Sealing systems $ 364,946 $ 11,886 $ 35,035 $ 372,977 $ 14,981 $ 35,562 Fluid handling systems 322,742 5,366 16,282 317,167 7,319 13,641 Total for reportable segments $ 687,688 $ 17,252 $ 51,317 $ 690,144 $ 22,300 $ 49,203 Six Months Ended June 30, 2024 2023 External Sales Intersegment Sales Adjusted EBITDA External Sales Intersegment Sales Adjusted EBITDA Sealing systems $ 716,225 $ 23,795 $ 56,406 $ 721,957 $ 30,204 $ 47,278 Fluid handling systems 628,257 10,196 27,264 617,765 12,442 17,844 Total for reportable segments $ 1,344,482 $ 33,991 $ 83,670 $ 1,339,722 $ 42,646 $ 65,122 Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Total reportable segments adjusted EBITDA $ 51,317 $ 49,203 $ 83,670 $ 65,122 Restructuring charges (17,781) (8,499) (18,914) (10,878) Impairment charges — (654) — (654) Pension settlement charge (46,787) — (46,787) — Loss on refinancing and extinguishment of debt — — — (81,885) Income tax expense (8,080) (4,765) (12,211) (5,123) Interest expense, net of interest income (28,635) (34,034) (57,916) (64,254) Depreciation and amortization (25,873) (27,816) (52,336) (55,798) Corporate, eliminations and other (1) (404) (1,264) (3,409) (4,726) Net loss attributable to Cooper-Standard Holdings Inc. $ (76,243) $ (27,829) $ (107,903) $ (158,196) (1) Includes revenue and expenses from the ISG business, which is an operating segment that does not meet the quantitative thresholds for determining reportable segments, and corporate-related costs including deferred compensation arrangements and advanced engineering spending. June 30, 2024 December 31, 2023 Segment assets: Sealing systems $ 832,569 $ 906,022 Fluid handling systems 705,262 735,465 Total segment assets $ 1,537,831 $ 1,641,487 Corporate, eliminations and other 229,119 230,812 Consolidated $ 1,766,950 $ 1,872,299

Revenue by end customer (Detail

Revenue by end customer (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	$ 708,362	$ 723,740	$ 1,384,787	$ 1,406,198
Sealing systems [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	364,946	372,977	716,225	721,957
Total fluid handling
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	322,742	317,167	628,257	617,765
Corporate and Other [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	20,674	33,596	40,305	66,476
North America [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	398,240	368,809	774,459	733,927
Europe [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	154,570	177,897	315,151	339,751
Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	103,083	109,924	195,245	203,689
South America [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	31,795	33,514	59,627	62,355
Corporate and Other [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	20,674	33,596	40,305	66,476
Passenger and Light Duty
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	672,197	675,722	1,314,898	1,311,494
Passenger and Light Duty | Sealing systems [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	356,326	364,849	699,847	706,129
Passenger and Light Duty | Total fluid handling
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	315,871	309,719	615,051	603,312
Passenger and Light Duty | Corporate and Other [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	0	1,154	0	2,053
Commercial [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	13,230	13,092	25,420	25,674
Commercial [Member] | Sealing systems [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	7,986	7,913	15,351	15,383
Commercial [Member] | Total fluid handling
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	2,925	3,137	5,851	6,336
Commercial [Member] | Corporate and Other [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	2,319	2,042	4,218	3,955
Other Customers [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	22,935	34,926	44,469	69,030
Other Customers [Member] | Sealing systems [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	634	215	1,027	445
Other Customers [Member] | Total fluid handling
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	3,946	4,311	7,355	8,117
Other Customers [Member] | Corporate and Other [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	$ 18,355	$ 30,400	$ 36,087	$ 60,468

Revenue by type (Details)

Revenue by type (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	$ 708,362	$ 723,740	$ 1,384,787	$ 1,406,198
North America [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	398,240	368,809	774,459	733,927
Europe [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	154,570	177,897	315,151	339,751
Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	103,083	109,924	195,245	203,689
South America [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	31,795	33,514	59,627	62,355
Corporate and Other [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	20,674	33,596	40,305	66,476
Sealing systems [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	364,946	372,977	716,225	721,957
Sealing systems [Member] | North America [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	158,020	138,158	308,871	276,270
Sealing systems [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	123,095	141,656	248,814	272,771
Sealing systems [Member] | Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	60,923	68,250	115,204	125,362
Sealing systems [Member] | South America [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	22,908	24,913	43,336	47,554
Sealing systems [Member] | Corporate and Other [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	0	0	0	0
Other products [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	20,674	33,596	40,305	66,476
Other products [Member] | North America [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	0	0	0	0
Other products [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	0	0	0	0
Other products [Member] | Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	0	0	0	0
Other products [Member] | South America [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	0	0	0	0
Other products [Member] | Corporate and Other [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	20,674	33,596	40,305	66,476
Total fluid handling
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	322,742	317,167	628,257	617,765
Total fluid handling | North America [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	240,220	230,651	465,588	457,657
Total fluid handling | Europe [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	31,475	36,241	66,337	66,980
Total fluid handling | Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	42,160	41,674	80,041	78,327
Total fluid handling | South America [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	8,887	8,601	16,291	14,801
Total fluid handling | Corporate and Other [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	$ 0	$ 0	$ 0	$ 0

Revenue by geographical regions

Revenue by geographical regions - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Sales	$ 708,362	$ 723,740	$ 1,384,787	$ 1,406,198
North America [Member]
Disaggregation of Revenue [Line Items]
Sales	398,240	368,809	774,459	733,927
Europe [Member]
Disaggregation of Revenue [Line Items]
Sales	154,570	177,897	315,151	339,751
Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Sales	103,083	109,924	195,245	203,689
South America [Member]
Disaggregation of Revenue [Line Items]
Sales	31,795	33,514	59,627	62,355
Corporate and Other [Member]
Disaggregation of Revenue [Line Items]
Sales	20,674	33,596	40,305	66,476
Sealing systems [Member]
Disaggregation of Revenue [Line Items]
Sales	364,946	372,977	716,225	721,957
Sealing systems [Member] | North America [Member]
Disaggregation of Revenue [Line Items]
Sales	158,020	138,158	308,871	276,270
Sealing systems [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Sales	123,095	141,656	248,814	272,771
Sealing systems [Member] | Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Sales	60,923	68,250	115,204	125,362
Sealing systems [Member] | South America [Member]
Disaggregation of Revenue [Line Items]
Sales	22,908	24,913	43,336	47,554
Sealing systems [Member] | Corporate and Other [Member]
Disaggregation of Revenue [Line Items]
Sales	0	0	0	0
Total fluid handling
Disaggregation of Revenue [Line Items]
Sales	322,742	317,167	628,257	617,765
Total fluid handling | North America [Member]
Disaggregation of Revenue [Line Items]
Sales	240,220	230,651	465,588	457,657
Total fluid handling | Europe [Member]
Disaggregation of Revenue [Line Items]
Sales	31,475	36,241	66,337	66,980
Total fluid handling | Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Sales	42,160	41,674	80,041	78,327
Total fluid handling | South America [Member]
Disaggregation of Revenue [Line Items]
Sales	8,887	8,601	16,291	14,801
Total fluid handling | Corporate and Other [Member]
Disaggregation of Revenue [Line Items]
Sales	0	0	0	0
Other products [Member]
Disaggregation of Revenue [Line Items]
Sales	20,674	33,596	40,305	66,476
Other products [Member] | North America [Member]
Disaggregation of Revenue [Line Items]
Sales	0	0	0	0
Other products [Member] | Europe [Member]
Disaggregation of Revenue [Line Items]
Sales	0	0	0	0
Other products [Member] | Asia Pacific [Member]
Disaggregation of Revenue [Line Items]
Sales	0	0	0	0
Other products [Member] | South America [Member]
Disaggregation of Revenue [Line Items]
Sales	0	0	0	0
Other products [Member] | Corporate and Other [Member]
Disaggregation of Revenue [Line Items]
Sales	$ 20,674	$ 33,596	$ 40,305	$ 66,476

Revenue Net contract assets (li

Revenue Net contract assets (liabilities) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Net contract assets (liabilities) [Abstract]
Contract with Customer, Asset, Gross, Current	$ 607	$ 437
Contract with Customer, Asset, Explanation of Change	170
Contract with Customer, Liability, Current	(15)	(15)
Contract with Customer, Liability, Explanation of Change	0
Contract with Customer, Asset, Net, Current	592	$ 422
Contract with Customer, Net, Explanation of Change	170
Disaggregation of Revenue [Line Items]
Contract with Customer, Liability, Explanation of Change	$ 0

Revenue other (Details)

Revenue other (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Accrued Liabilities, Current	$ 113,952	$ 116,954
Short-term Contract with Customer [Member]
Disaggregation of Revenue [Line Items]
Accrued Liabilities, Current	10,796	10,164
Long-term Contract with Customer [Member]
Disaggregation of Revenue [Line Items]
Accrued Liabilities, Current	$ 2,485	$ 4,293

Restructuring - Summary of Rest

Restructuring - Summary of Restructuring Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 17,781	$ 8,499	$ 18,914	$ 10,878
Corporate and Other [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	4,755	70	4,915	372
Sealing systems [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges			11,174	4,265
Total fluid handling
Restructuring Cost and Reserve [Line Items]
Restructuring charges			$ 2,825	$ 6,241
Europe [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	10,526	3,292
Asia Pacific [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 2,500	$ 5,137

Restructuring - Summary of Acti

Restructuring - Summary of Activity of Restructuring (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	$ 24,293
Expense	18,914
Cash payments	(12,731)
Foreign exchange translation and other	(687)
Restructuring Reserve, Ending Balance	29,789
Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	18,960
Expense	17,719
Cash payments	(8,614)
Foreign exchange translation and other	(428)
Restructuring Reserve, Ending Balance	27,637
Other Exit Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	5,333
Expense	1,195
Cash payments	(4,117)
Foreign exchange translation and other	(259)
Restructuring Reserve, Ending Balance	$ 2,152

Inventories - Summary of Invent

Inventories - Summary of Inventories (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Finished goods	$ 45,935	$ 38,022
Work in process	43,439	38,284
Raw materials and supplies	82,477	70,540
Inventories	$ 171,851	$ 146,846

Leases Lease Amounts Recognized

Leases Lease Amounts Recognized on Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Lessee, Lease, Description [Line Items]
Operating lease right-of-use assets, net	$ 92,184	$ 91,126
Current operating lease liabilities	19,623	18,577
Long-term operating lease liabilities	$ 76,203	$ 76,482

Property, Plant and Equipment (

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Property, plant and equipment, net	$ 568,381	$ 608,431

Property, Plant and Equipment A

Property, Plant and Equipment Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Property, Plant and Equipment [Line Items]
Impairment charges	$ 0	$ 654	$ 0	$ 654

Goodwill and Intangibles - Carr

Goodwill and Intangibles - Carrying Amount of Goodwill by Reportable Operating Segment (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 140,814
Goodwill, Foreign Currency Translation Gain (Loss)	(126)
Goodwill, Ending Balance	140,688
Industrial Specialty Group [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	12,736
Goodwill, Foreign Currency Translation Gain (Loss)	0
Goodwill, Ending Balance	12,736
Sealing systems [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	47,775
Goodwill, Foreign Currency Translation Gain (Loss)	(126)
Goodwill, Ending Balance	47,649
Total fluid handling
Goodwill [Roll Forward]
Goodwill, Beginning Balance	80,303
Goodwill, Foreign Currency Translation Gain (Loss)	0
Goodwill, Ending Balance	$ 80,303

Goodwill and Intangibles - Inta

Goodwill and Intangibles - Intangible Assets and Accumulated Amortization Balances (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 189,959	$ 190,493
Accumulated Amortization	(152,870)	(149,925)
Net Carrying Amount	37,089	40,568
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	152,161	152,403
Accumulated Amortization	(135,643)	(133,698)
Net Carrying Amount	16,518	18,705
Other
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	37,798	38,090
Accumulated Amortization	(17,227)	(16,227)
Net Carrying Amount	$ 20,571	$ 21,863

Accounts Receivable Factoring

Accounts Receivable Factoring - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Debt Disclosure [Abstract]
Continuing Involvement with Derecognized Transferred Financial Assets, Amount Outstanding	$ 62,471		$ 62,471		$ 47,903
Total amount of accounts receivable factored without recourse	124,171	$ 114,260	245,287	$ 217,305
Loss On Sale Of Accounts Receivable Without Recourse	767	$ 636	1,420	$ 1,073
Cash collected on behalf of factor	$ 4,327		$ 4,327		$ 6,466

Debt - Outstanding Debt (Detail

Debt - Outstanding Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Finance leases	$ 20,566	$ 22,243
Other borrowings	46,861	48,220
Total debt	1,106,873	1,095,448
Less: current portion	(49,551)	(50,712)
Total long-term debt	1,057,322	1,044,736
Senior Lien
Debt Instrument [Line Items]
Senior Notes	609,644	595,966
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	6,925	8,184
Senior Loans
Debt Instrument [Line Items]
Senior Notes	387,425	386,681
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	4,342	5,087
Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes	42,377	42,338
Unamortized Debt Issuance Expense	$ 177	$ 216

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Jan. 27, 2023	Mar. 31, 2022	Nov. 02, 2016
Credit Facilities [Line Items]
Loss on refinancing and extinguishment of debt	$ 0	$ 0	$ 0	$ (81,885)
Revolving Credit Facility [Member]
Credit Facilities [Line Items]
Unamortized Debt Issuance Expense	2,125		2,125		$ 862
Line of Credit Facility, Current Borrowing Capacity	180,000		180,000
Aamended Senior Abl Facility
Credit Facilities [Line Items]
Letter of credit sub-facility	100,000		100,000
Swing line sub-facility								$ 25,000
Uncommitted incremental loan facility								100,000
Line of Credit Facility, Maximum Borrowing Capacity								280,000
Line of Credit Facility, Current Borrowing Capacity							$ 180,000
Letters of Credit Outstanding, Amount	7,264		7,264
Line of Credit Facility, Remaining Borrowing Capacity	172,736		172,736
Senior Notes [Member]
Credit Facilities [Line Items]
Debt Instrument, Face Amount						$ 42,554		$ 400,000
Unamortized Debt Issuance Expense	177		$ 177		216
Other
Credit Facilities [Line Items]
Debt instrument term (in years)			1 year
Senior Loans
Credit Facilities [Line Items]
Debt Instrument, Face Amount	357,446		$ 357,446			$ 357,446
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	4,342		$ 4,342		5,087
Debt			Debt and Other Financing A summary of outstanding debt as of June 30, 2024 and December 31, 2023 is as follows: June 30, 2024 December 31, 2023 First Lien Notes $ 609,644 $ 595,966 Third Lien Notes 387,425 386,681 2026 Senior Notes 42,377 42,338 Finance leases 20,566 22,243 Other borrowings 46,861 48,220 Total debt 1,106,873 1,095,448 Less: current portion (49,551) (50,712) Total long-term debt $ 1,057,322 $ 1,044,736 First Lien Notes On January 27, 2023, the Company issued $580,000 aggregate principal amount of its 13.50% Cash Pay / PIK Toggle Senior Secured First Lien Notes due 2027 (the “First Lien Notes”). The First Lien Notes mature on March 31, 2027 and bear interest at the rate of 13.50% per annum, which is payable in cash semi-annually on June 15 and December 15 of each year. Interest payments commenced on June 15, 2023. However, for the first four interest periods the Company has the option, in its sole discretion, to pay up to 4.50% of such interest by increasing the principal amount of the outstanding First Lien Notes or, in limited circumstances, by issuing additional First Lien Notes. As of June 30, 2024 and December 31, 2023, the aggregate principal amount of the First Lien Notes of $609,644 and $595,966, respectively, recognized in the condensed consolidated balance sheets reflect the election to pay 4.50% of the first three interest payments as payment-in-kind. The Company has elected to pay the fourth interest payment, due December 15, 2024, on the First Lien Notes in cash. As of June 30, 2024 and December 31, 2023, the Company had $6,925 and $8,184, respectively, of unamortized debt issuance costs, and $285 and $337, respectively, of unamortized original issue discount related to the First Lien Notes, which are presented as direct deductions from the principal balance in the condensed consolidated balance sheets. Both the debt issuance costs and the original issue discount are amortized into interest expense over the term of the First Lien Notes. Third Lien Notes On January 27, 2023, the Company issued $357,446 aggregate principal amount of its 5.625% Cash Pay / 10.625% PIK Toggle Senior Secured Third Lien Notes due 2027 (the “Third Lien Notes”). The Third Lien Notes mature on May 15, 2027 and bear interest at the rate of 5.625% per annum, which is payable in cash semi-annually on June 15 and December 15 of each year. Interest payments commenced on June 15, 2023. However, for the first four interest periods the Company has the option, in its sole discretion, to pay such interest at 10.625% per annum either by increasing the principal amount of the outstanding Third Lien Notes or, in limited circumstances, by issuing additional Third Lien Notes. As of June 30, 2024 and December 31, 2023, the aggregate principal amount of the Third Lien Notes of $387,425 and $386,681, respectively, recognized in the condensed consolidated balance sheets reflect the election to fully pay the first two interest payments as payment-in-kind. The Company elected to pay the third and fourth interest payments, due June 15, 2024 and December 15, 2024, respectively, on the Third Lien Notes in cash. Debt issuance costs related to the Third Lien Notes are amortized into interest expense over the term of the Third Lien Notes. As of June 30, 2024 and December 31, 2023, the Company had $4,342 and $5,087, respectively, of unamortized debt issuance costs related to the Third Lien Notes, which are presented as a direct deduction from the principal balance in the condensed consolidated balance sheets. 2026 Senior Notes On November 2, 2016, the Company issued $400,000 aggregate principal amount of its 5.625% Senior Notes due 2026 (the “2026 Senior Notes”). As part of certain refinancing transactions that were completed on January 27, 2023, the Company exchanged $357,446 aggregate principal amount of its 2026 Senior Notes for $357,446 aggregate principal amount of its newly issued Third Lien Notes. Following the completion of the exchange, $42,554 aggregate principal amount of the 2026 Senior Notes remain outstanding. The 2026 Senior Notes mature on November 15, 2026 and bear interest at the rate of 5.625% per annum, which is payable in cash semi-annually on May 15 and November 15 of each year. Debt issuance costs are being amortized into interest expense over the term of the 2026 Senior Notes. As of June 30, 2024 and December 31, 2023, the Company had $177 and $216, respectively, of unamortized debt issuance costs related to the 2026 Senior Notes, which is presented as a direct deduction from the principal balance in the condensed consolidated balance sheets. ABL Facility On November 2, 2016, the Company entered into a third amendment and restatement of the ABL Facility. In March 2020, the Company entered into Amendment No. 1 to the Third Amended and Restated Loan Agreement (“the First Amendment”). As a result of the First Amendment, the ABL Facility maturity was extended to March 2025 and the aggregate revolving loan commitment was reduced to $180,000. In May 2020, the Company entered into Amendment No. 2 to the Third Amended and Restated Loan Agreement (the “Second Amendment”), which modified certain covenants under the ABL Facility. In December 2022, the Company entered into Amendment No. 3 to the Third Amended and Restated Loan Agreement (the “Third Amendment”), which became effective on January 27, 2023. In May 2024, the Company entered into Amendment No. 4 to the Third Amended and Restated Loan Agreement (the “Fourth Amendment”), which, among other things, (1) extended the termination date for revolving commitments totaling $150,000 from March 24, 2025 ( “Existing Termination Date”) to May 6, 2029; (2) provided for leverage-based interest rate margin and commitment fee step-downs; and (3) replaced the Canadian BA Rate with Term CORRA as the applicable benchmark rate for all purposes under the ABL Facility for revolving loans denominated in Canadian Dollars. Revolving commitments totaling $30,000 will terminate on the Existing Termination Date. The aggregate revolving loan availability includes a $100,000 letter of credit sub-facility and a $25,000 swing line sub-facility. The ABL Facility also provides for an uncommitted $100,000 incremental loan facility, for a potential total ABL Facility of $280,000 (if requested by the Borrowers and the lenders agree to fund such increase). No consent of any lender (other than those participating in the increase) is required to effect any such increase. The Company’s borrowing base as of June 30, 2024 was $180,000 and the monthly fixed charge coverage ratio was at a level that provided the Company full access to the borrowing base. Net of $7,264 of outstanding letters of credit, the Company effectively had $172,736 available for borrowing under its ABL Facility as of June 30, 2024. As of June 30, 2024 and December 31, 2023, there were no borrowings under the ABL Facility. As of June 30, 2024 and December 31, 2023, the Company had $2,125 and $862, respectively, of unamortized debt issuance costs related to the ABL Facility recorded in other long-term assets in the condensed consolidated balance sheets. Debt Covenants The Company was in compliance with all applicable covenants of the First Lien Notes, Third Lien Notes, 2026 Senior Notes, and ABL Facility as of June 30, 2024. Other Financing Finance leases and other. Other borrowings as of June 30, 2024 and December 31, 2023 reflect finance leases and other borrowings under local bank lines classified in debt payable within one year in the condensed consolidated balance sheets. Receivable factoring. As a part of its working capital management, the Company sells certain receivables through a single third-party financial institution (the “Factor”) in a pan-European program. The amount sold varies each month based on the amount of underlying receivables and cash flow needs of the Company. These are permitted transactions under the Company’s credit agreements governing the ABL Facility and the indentures governing the First Lien Notes, Third Lien Notes, and 2026 Secured Notes. The European factoring facility allows the Company to factor up to €70,000 of its Euro-denominated accounts receivable, accelerating access to cash and reducing credit risk. The factoring facility expires on December 31, 2026. Costs incurred on the sale of receivables are recorded in other expense, net in the condensed consolidated statements of operations. The sale of receivables under this contract is considered an off-balance sheet arrangement to the Company and is accounted for as a true sale and is excluded from accounts receivable in the condensed consolidated balance sheets. Amounts outstanding under receivable transfer agreements entered into by various locations as of the period end were as follows: June 30, 2024 December 31, 2023 Off-balance sheet arrangements $ 62,471 $ 47,903 Accounts receivable factored and related costs throughout the period were as follows: Off-Balance Sheet Arrangements Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Accounts receivable factored $ 124,171 $ 114,260 $ 245,287 $ 217,305 Costs 767 636 1,420 1,073 As of June 30, 2024 and December 31, 2023, cash collections on behalf of the Factor that have yet to be remitted were $4,327 and $6,466, respectively, and are reflected in other current assets as restricted cash in the condensed consolidated balance sheets.
Senior Lien
Credit Facilities [Line Items]
Debt Instrument, Face Amount	580,000		$ 580,000
Debt Instrument, Unamortized Discount	285		285		337
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net	$ 6,925		$ 6,925		$ 8,184

Fair Value Measurements and F_3

Fair Value Measurements and Financial Instruments - Fair Value Hierarchy Level for Company's Liabilities Measured (Detail) - Level 2 [Member] - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Other Current Assets [Member]
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items]
Forward foreign exchange contract asset	$ 216	$ 1,285
Accrued Liabilities [Member]
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items]
Forward foreign exchange contract liability	$ 2,796	$ 998

Fair Value Measurements and F_4

Fair Value Measurements and Financial Instruments - Fair Values of Debt Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value of Debt Instruments [Abstract]
Long-term Debt, Fair Value	$ 997,262	$ 984,448
Long-term Debt, Gross	$ 1,051,175	$ 1,038,808

Fair Value Measurements and F_5

Fair Value Measurements and Financial Instruments - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impairment charges	$ 0	$ 654	$ 0	$ 654
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, Notional Amount	$ 119,063		$ 119,063		$ 207,131

Fair Value Measurements and F_6

Fair Value Measurements and Financial Instruments - Gains (losses) on Cash Flow Hedges Reported in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Unrealized Gain (Loss) on Foreign Currency Derivatives, Net, before Tax	$ (5,906)	$ 4,689	$ (1,698)	$ 10,242

Fair Value Measurements and F_7

Fair Value Measurements and Financial Instruments - Reclassifications out of accumulated other comprehensive income (loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	$ 506	$ 5,245	$ 1,168	$ 8,579

Accounts Receivable Factoring A

Accounts Receivable Factoring Additional Detail (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Receivables [Abstract]
Cash collected on behalf of factor	$ 4,327	$ 6,466

Pension and Postretirement Be_3

Pension and Postretirement Benefits other than Pensions - Net Periodic Benefit Cost of Defined Benefit Plans and Other Postretirement Benefit Plans (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
UNITED STATES | Pension Plan
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Service cost	$ 0	$ 0	$ 0	$ 0
Interest cost	126	2,314	1,945	4,628
Expected return on plan assets	0	(2,113)	(1,647)	(4,226)
Amortization of prior service cost credit and recognized actuarial gain (loss)	36	778	591	1,556
Pension settlement charge	46,787	0	46,787	0
Net periodic benefit cost	46,949	979	47,676	1,958
UNITED STATES | Other Postretirement Benefits Plan
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Service cost	6	13	12	26
Interest cost	142	205	284	410
Amortization of prior service cost credit and recognized actuarial gain (loss)	(730)	(609)	(1,460)	(1,218)
Net periodic benefit cost	(582)	(391)	(1,164)	(782)
Non-U.S. | Pension Plan
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Service cost	591	543	1,189	1,078
Interest cost	1,199	1,315	2,411	2,610
Expected return on plan assets	(330)	(308)	(666)	(615)
Amortization of prior service cost credit and recognized actuarial gain (loss)	53	6	106	12
Pension settlement charge	0	0	0	0
Net periodic benefit cost	1,513	1,556	3,040	3,085
Non-U.S. | Other Postretirement Benefits Plan
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Service cost	44	37	89	75
Interest cost	191	198	385	395
Amortization of prior service cost credit and recognized actuarial gain (loss)	3	(21)	7	(42)
Net periodic benefit cost	$ 238	$ 214	$ 481	$ 428

Other Income (Expense), Net - D

Other Income (Expense), Net - Details of Components of Other Income Expense, Net (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Other Income and Expenses [Abstract]
Foreign currency losses	$ (3,695)	$ (534)	$ (5,666)	$ (2,451)
Components of Net Periodic Benefit Cost Other than Service Cost	(690)	(1,765)	(1,956)	(3,510)
Factoring costs	(767)	(636)	(1,420)	(1,073)
Miscellaneous income	23	374	264	469
Other expense, net	$ (5,129)	$ (2,561)	$ (8,778)	$ (6,565)

Income Taxes Effective Income T

Income Taxes Effective Income Tax Rate (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income tax expense	$ 8,080	$ 4,765	$ 12,211	$ 5,123
Loss before income taxes	$ (68,103)	$ (23,655)	$ (95,280)	$ (154,409)
Effective tax rate	(12.00%)	(20.00%)	(13.00%)	(3.00%)

Income Taxes Additional Informa

Income Taxes Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Contingency [Line Items]
Income tax expense	$ 8,080	$ 4,765	$ 12,211	$ 5,123

Net Income (Loss) Per Share A_3

Net Income (Loss) Per Share Attributable to Cooper-Standard Holdings Inc. - Basic and Diluted Net Income Per Share Attributable (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Net Income (Loss) Available to Common Stockholders, Diluted	$ (76,243)	$ (27,829)	$ (107,903)	$ (158,196)
Basic weighted average shares of common stock outstanding	17,564,015	17,334,918	17,513,076	17,282,462
Dilutive effect of common stock equivalents	0	0	0	0
Diluted weighted average shares of common stock outstanding	17,564,015	17,334,918	17,513,076	17,282,462
Basic net income per share attributable to Cooper-Standard Holdings Inc.	$ (4.34)	$ (1.61)	$ (6.16)	$ (9.15)
Diluted net income per share attributable to Cooper-Standard Holdings Inc.	$ (4.34)	$ (1.61)	$ (6.16)	$ (9.15)

Net Income (Loss) Per Share A_4

Net Income (Loss) Per Share Attributable to Cooper-Standard Holdings Inc. - Common Stock Equivalents (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	239	44	232	42

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Accumulated Other Comprehensive Income Loss Net Of Tax [Line Items]
Beginning Balance			$ (201,665)
Ending Balance	$ (168,276)		(168,276)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax	(7,341)	$ 1,979	(15,784)	$ (1,844)
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment, Tax (Benefit) Expense	23	(94)	45	(29)
Other Comprehensive Income (Loss), Defined Benefit Plan, Amortization of Actuarial Losses, Reclassification Adjustment from AOCI, before Tax	(252)	147	(764)	294
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Credit, Reclassification Adjustment from AOCI, before Tax	3	6	7	12
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, Tax Expense (Benefit)	1,403	5	1,405	10
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax	1	1,419	6	2,189
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax	0	1,401	0	2,295
Cumulative currency translation adjustment [Member]
Accumulated Other Comprehensive Income Loss Net Of Tax [Line Items]
Beginning Balance	(164,901)	(158,093)	(157,656)	(158,023)
Other comprehensive income (loss) before reclassifications	(7,726)	(7,295)	(14,971)	(7,365)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0	0
Ending Balance	(172,627)	(165,388)	(172,627)	(165,388)
Benefit plan liabilities [Member]
Accumulated Other Comprehensive Income Loss Net Of Tax [Line Items]
Beginning Balance	(43,996)	(60,151)	(44,149)	(60,251)
Other comprehensive income (loss) before reclassifications	3,972	(16)	4,242	(74)
Amounts reclassified from accumulated other comprehensive income (loss)	47,107	158	46,990	316
Ending Balance	7,083	(60,009)	7,083	(60,009)
Fair value change of derivatives [Member]
Accumulated Other Comprehensive Income Loss Net Of Tax [Line Items]
Beginning Balance	3,681	10,646	140	8,303
Other comprehensive income (loss) before reclassifications	(5,907)	3,270	(1,704)	8,053
Amounts reclassified from accumulated other comprehensive income (loss)	(506)	(3,844)	(1,168)	(6,284)
Ending Balance	(2,732)	10,072	(2,732)	10,072
Accumulated other comprehensive loss [Member]
Accumulated Other Comprehensive Income Loss Net Of Tax [Line Items]
Ending Balance	$ (168,276)	$ (215,325)	$ (168,276)	$ (215,325)

Common Stock (Details)

Common Stock (Details) - 2018 Program [Member] $ in Thousands	Jun. 30, 2024 USD ($)
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount	$ 150,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 98,720

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Accrual for Environmental Loss Contingencies	$ 9,676	$ 11,354

Segment Reporting Information o

Segment Reporting Information on Company's Business Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Sales	$ 708,362	$ 723,740	$ 1,384,787	$ 1,406,198
Intersegment sales	17,252	22,300	33,991	42,646
Adjusted EBITDA	51,317	49,203	83,670	65,122
Restructuring Charges	(17,781)	(8,499)	(18,914)	(10,878)
Other impairment charges			0	(654)
Income Tax Expense (Benefit)	(8,080)	(4,765)	(12,211)	(5,123)
Interest expense, net of interest income	(28,635)	(34,034)	(57,916)	(64,254)
Cost, Depreciation and Amortization	(25,873)	(27,816)	(52,336)	(55,798)
Net (Loss) Income Attributable to Parent	(76,243)	(27,829)	(107,903)	(158,196)
Segment assets	1,766,950		1,766,950		$ 1,872,299
Loss on refinancing and extinguishment of debt	0	0	0	(81,885)
Impairment charges	0	(654)	0	(654)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement	(46,787)	0	(46,787)	0
Reportable Subsegments
Segment Reporting Information [Line Items]
Sales	687,688	690,144	1,344,482	1,339,722
Segment assets	1,537,831		1,537,831		1,641,487
UNITED STATES | Pension Plan
Segment Reporting Information [Line Items]
Pension settlement charge	46,787	0	46,787	0
Non-U.S. | Pension Plan
Segment Reporting Information [Line Items]
Pension settlement charge	0	0	0	0
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Sales	20,674	33,596	40,305	66,476
Adjusted EBITDA	(404)	(1,264)	(3,409)	(4,726)
Restructuring Charges	(4,755)	(70)	(4,915)	(372)
Segment assets	229,119		229,119		230,812
Total fluid handling
Segment Reporting Information [Line Items]
Sales	322,742	317,167	628,257	617,765
Intersegment sales	5,366	7,319	10,196	12,442
Adjusted EBITDA	16,282	13,641	27,264	17,844
Restructuring Charges			(2,825)	(6,241)
Segment assets	705,262		705,262		735,465
Sealing systems [Member]
Segment Reporting Information [Line Items]
Sales	364,946	372,977	716,225	721,957
Intersegment sales	11,886	14,981	23,795	30,204
Adjusted EBITDA	35,035	35,562	56,406	47,278
Restructuring Charges			(11,174)	(4,265)
Segment assets	832,569		832,569		$ 906,022
North America [Member]
Segment Reporting Information [Line Items]
Sales	398,240	368,809	774,459	733,927
Europe [Member]
Segment Reporting Information [Line Items]
Sales	154,570	177,897	315,151	339,751
Restructuring Charges	(10,526)	(3,292)
Asia Pacific [Member]
Segment Reporting Information [Line Items]
Sales	103,083	109,924	195,245	203,689
Restructuring Charges	(2,500)	(5,137)
South America [Member]
Segment Reporting Information [Line Items]
Sales	31,795	33,514	59,627	62,355
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Sales	$ 20,674	$ 33,596	$ 40,305	$ 66,476