Horizon Global (HZN) 10-Q 12 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 07, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	HORIZON GLOBAL CORP
Entity Central Index Key	0001637655
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Current Reporting Status	Yes
Smaller Reporting Company	false
Emerging Growth Company	true
Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		25,387,388

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 16,360	$ 27,650
Receivables, net of allowance for doubtful accounts of approximately $5.0 million and $4.8 million at September 30, 2019 and December 31, 2018, respectively	93,480	95,170
Inventories	141,150	152,200
Prepaid expenses and other current assets	9,480	8,270
Current assets held-for-sale	0	36,080
Total current assets	260,470	319,370
Property and equipment, net	78,670	86,500
Operating lease right-of-use assets	56,170
Goodwill	4,200	4,500
Other intangibles, net	60,350	69,400
Deferred income taxes	440	660
Non-current assets held-for-sale	0	34,790
Other assets	5,700	6,130
Total assets	466,000	521,350
Current liabilities:
Short-term borrowings and current maturities, long-term debt	24,270	13,860
Accounts payable	79,440	102,350
Short-term operating lease liabilities	9,850
Current liabilities held-for-sale	0	28,080
Accrued liabilities	53,020	58,520
Total current liabilities	166,580	202,810
Gross long-term debt	214,930	382,220
Unamortized debt issuance costs and discount	(34,200)	(31,570)
Long-term debt	180,730	350,650
Deferred income taxes	8,280	12,620
Long-term operating lease liabilities	50,890
Non-current liabilities held-for-sale	0	1,740
Other long-term liabilities	20,770	19,750
Total liabilities	427,250	587,570
Contingencies (See Note 13)
Preferred stock, $0.01 par: Authorized 100,000,000 shares; Issued and outstanding: None	0	0
Common stock, $0.01 par: Authorized 400,000,000 shares; 26,073,894 shares issued and 25,387,388 outstanding at September 30, 2019, and 25,866,747 shares issued and 25,180,241 outstanding at December 31, 2018	250	250
Common stock warrants exercisable for 6,487,674 shares issued and outstanding at September 30, 2019; none issued and outstanding at December 31, 2018	10,720	0
Paid-in capital	162,760	160,990
Treasury stock, at cost: 686,506 shares at September 30, 2019 and December 31, 2018	(10,000)	(10,000)
Accumulated deficit	(110,390)	(222,720)
Accumulated other comprehensive (loss) income	(11,250)	7,760
Total Horizon Global shareholders' equity (deficit)	42,090	(63,720)
Noncontrolling interest	(3,340)	(2,500)
Total shareholders' equity (deficit)	38,750	(66,220)
Total liabilities and shareholders' equity	$ 466,000	$ 521,350

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Receivables, reserves (in dollars)	$ 5	$ 4.8
Shareholders' equity (deficit):
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized shares (in shares)	100,000,000	100,000,000
Preferred stock, issued shares (in shares)	0	0
Preferred stock, outstanding shares (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Stock, authorized shares (in shares)	400,000,000	400,000,000
Common Stock, issued shares (in shares)	26,073,894	25,866,747
Common Stock, outstanding shares (in shares)	25,387,388	25,180,241
Treasury stock, shares (in shares)	686,506	686,506
Common Stock Warrants
Shareholders' equity (deficit):
Common Stock, issued shares (in shares)	6,487,674	0
Common Stock, outstanding shares (in shares)	6,487,674	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
Net sales	$ 177,850	$ 194,030	$ 548,170	$ 576,250
Cost of sales	(149,560)	(159,500)	(460,010)	(472,120)
Gross profit	28,290	34,530	88,160	104,130
Selling, general and administrative expenses	(41,100)	(37,680)	(113,140)	(134,210)
Impairment of goodwill and intangible assets	0	(26,640)	0	(125,770)
Net gain (loss) on dispositions of property and equipment	50	(110)	1,500	(520)
Operating loss	(12,760)	(29,900)	(23,480)	(156,370)
Other expense, net	(1,640)	(1,040)	(6,610)	(7,410)
Interest expense	(24,120)	(7,590)	(50,270)	(19,580)
Loss from continuing operations before income tax	(38,520)	(38,530)	(80,360)	(183,360)
Income tax benefit	1,020	1,420	2,330	15,770
Net loss from continuing operations	(37,500)	(37,110)	(78,030)	(167,590)
Income from discontinued operations, net of tax	182,750	4,110	189,520	9,670
Net income (loss)	145,250	(33,000)	111,490	(157,920)
Less: Net loss attributable to noncontrolling interest	(260)	(240)	(840)	(720)
Net income (loss) attributable to Horizon Global	$ 145,510	$ (32,760)	$ 112,330	$ (157,200)
Basic:
Continuing operations (in dollars per share)	$ (1.47)	$ (1.47)	$ (3.05)	$ (6.67)
Discontinued operations (in dollars per share)	7.21	0.16	7.50	0.39
Total	5.74	(1.31)	4.45	(6.28)
Diluted:
Continuing operations (in dollars per share)	(1.47)	(1.47)	(3.05)	(6.67)
Discontinued operations (in dollars per share)	7.21	0.16	7.50	0.39
Total	$ 5.74	$ (1.31)	$ 4.45	$ (6.28)
Weighted average common shares outstanding:
Basic (in shares)	25,329,492	25,101,847	25,267,310	25,028,072
Diluted (in shares)	25,329,492	25,101,847	25,267,310	25,028,072

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 145,250	$ (33,000)	$ 111,490	$ (157,920)
Other comprehensive loss, net of tax:
Foreign currency translation and other	(1,320)	(680)	(30)	(4,400)
Derivative instruments	(440)	640	(1,720)	2,960
Total other comprehensive loss, net of tax	(1,760)	(40)	(1,750)	(1,440)
Total comprehensive income (loss)	143,490	(33,040)	109,740	(159,360)
Less: Comprehensive loss attributable to noncontrolling interest	(250)	(240)	(830)	(790)
Comprehensive income (loss) attributable to Horizon Global	$ 143,740	$ (32,800)	$ 110,570	$ (158,570)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash Flows from Operating Activities:
Net income (loss)	$ 111,490	$ (157,920)
Less: Net income from discontinued operations	189,520	9,670
Net loss from continuing operations	(78,030)	(167,590)
Adjustments to reconcile net loss from continued operations to net cash used for operating activities:
Net (gain) loss on dispositions of property and equipment	(1,500)	520
Depreciation	11,980	9,410
Amortization of intangible assets	4,800	5,640
Write off of operating lease assets	4,250	0
Impairment of goodwill and intangible assets	0	125,770
Amortization of original issuance discount and debt issuance costs	18,570	6,050
Deferred income taxes	(3,390)	(3,370)
Non-cash compensation expense	1,790	1,430
Paid-in-kind interest	7,620	0
Increase in receivables	(4,680)	(31,950)
Decrease in inventories	1,920	5,630
(Increase) decrease in prepaid expenses and other assets	(2,770)	1,150
Decrease in accounts payable and accrued liabilities	(15,560)	(27,450)
Other, net	(10,800)	220
Net cash used for operating activities for continuing operations	(65,800)	(74,540)
Cash Flows from Investing Activities:
Capital expenditures	(8,460)	(9,660)
Net proceeds from sale of business	(214,570)	0
Net proceeds from disposition of property and equipment	1,470	(280)
Net cash provided by (used for) investing activities for continuing operations	207,580	(9,940)
Cash Flows from Financing Activities:
Proceeds from borrowings on credit facilities	13,780	12,550
Repayments of borrowings on credit facilities	(6,520)	(14,390)
Proceeds from Second Lien Term Loan, net of issuance costs	35,520	45,430
Repayments of borrowings on First Lien Term Loan, inclusive of transaction costs	(173,430)	(6,490)
Proceeds from ABL Revolving Debt, net of issuance costs	68,790	72,430
Repayments of borrowings on ABL Revolving Debt	(112,510)	(34,830)
Proceeds from issuance of Series A Preferred Stock	5,340	0
Proceeds from issuance of Warrants	5,380	0
Other, net	(10)	(300)
Net cash (used for) provided by financing activities for continuing operations	(163,660)	74,400
Discontinued Operations:
Net cash used for discontinued investing activities	11,430	8,500
Net cash used for discontinued investing activities	(1,120)	(720)
Net cash provided by (used for) discontinued financing activities	0	0
Net cash provided by discontinued operations	10,310	7,780
Effect of exchange rate changes on cash	280	40
Decrease for the period	(11,290)	(2,260)
At beginning of period	27,650	29,570
At end of period	16,360	27,310
Supplemental disclosure of cash flow information:
Cash paid for interest	19,730	13,430
Cash paid for taxes	$ 480	$ 2,170

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Common Stock Warrants	Paid-in Capital	Treasury Stock	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)	Total Horizon Global Shareholders’ Deficit	Noncontrolling Interest	Previously Reported	Previously ReportedCommon Stock	Previously ReportedCommon Stock Warrants	Previously ReportedPaid-in Capital	Previously ReportedTreasury Stock	Previously ReportedAccumulated Deficit	Previously ReportedAccumulated Other Comprehensive Income (Loss)	Previously ReportedTotal Horizon Global Shareholders’ Deficit	Previously ReportedNoncontrolling Interest	Restatement AdjustmentPaid-in Capital	Restatement AdjustmentAccumulated Deficit	Restatement AdjustmentAccumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2017	$ 140,400	$ 250	$ 0	$ 159,830	$ (10,000)	$ (18,760)	$ 10,570	$ 141,890	$ (1,490)	$ 140,400	$ 250	$ 0	$ 159,490	$ (10,000)	$ (17,860)	$ 10,010	$ 141,890	$ (1,490)
Beginning balance (Accounting Standards Update 2018-02) at Dec. 31, 2017																			$ 340	$ (900)	$ 560
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(57,760)					(57,510)		(57,510)	(250)
Other comprehensive income, net of tax	4,690						4,680	4,680	10
Shares surrendered upon vesting of employees share based payment awards to cover tax obligations	(200)			(200)				(200)
Non-cash compensation expense	720			720				720
Ending balance at Mar. 31, 2018	87,850	250	0	160,350	(10,000)	(76,270)	15,250	89,580	(1,730)
Beginning balance at Dec. 31, 2017	140,400	250	0	159,830	(10,000)	(18,760)	10,570	141,890	(1,490)	$ 140,400	$ 250	$ 0	$ 159,490	$ (10,000)	$ (17,860)	$ 10,010	$ 141,890	$ (1,490)
Beginning balance (Accounting Standards Update 2018-02) at Dec. 31, 2017																			$ 340	$ (900)	$ 560
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(157,920)
Other comprehensive income, net of tax	(1,440)						(1,370)
Ending balance at Sep. 30, 2018	(17,830)	250	0	160,960	(10,000)	(175,960)	9,200	(15,550)	(2,280)
Beginning balance at Mar. 31, 2018	87,850	250	0	160,350	(10,000)	(76,270)	15,250	89,580	(1,730)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(67,160)					(66,930)		(66,930)	(230)
Other comprehensive income, net of tax	(6,090)						(6,010)	(6,010)	(80)
Shares surrendered upon vesting of employees share based payment awards to cover tax obligations	(10)			(10)				(10)
Non-cash compensation expense	490			490				490
Ending balance at Jun. 30, 2018	15,080	250	0	160,830	(10,000)	(143,200)	9,240	17,120	(2,040)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(33,000)					(32,760)		(32,760)	(240)
Other comprehensive income, net of tax	(40)						(40)	(40)	0
Shares surrendered upon vesting of employees share based payment awards to cover tax obligations	(90)			(90)				(90)
Non-cash compensation expense	220			220				220
Ending balance at Sep. 30, 2018	(17,830)	250	0	160,960	(10,000)	(175,960)	9,200	(15,550)	(2,280)
Beginning balance at Dec. 31, 2018	(66,220)	250	0	160,990	(10,000)	(222,720)	7,760	(63,720)	(2,500)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(25,620)					(25,100)		(25,100)	(520)
Other comprehensive income, net of tax	140						140	140	0
Shares surrendered upon vesting of employees share based payment awards to cover tax obligations	(10)			(10)				(10)
Non-cash compensation expense	350			350				350
Issuance of Warrants	5,380		5,380					5,380
Ending balance at Mar. 31, 2019	(85,980)	250	5,380	161,330	(10,000)	(247,820)	7,900	(82,960)	(3,020)
Beginning balance at Dec. 31, 2018	(66,220)	250	0	160,990	(10,000)	(222,720)	7,760	(63,720)	(2,500)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	111,490
Other comprehensive income, net of tax	(1,750)						(19,010)
Ending balance at Sep. 30, 2019	38,750	250	10,720	162,760	(10,000)	(110,390)	(11,250)	42,090	(3,340)
Beginning balance at Mar. 31, 2019	(85,980)	250	5,380	161,330	(10,000)	(247,820)	7,900	(82,960)	(3,020)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(8,140)					(8,080)		(8,080)	(60)
Other comprehensive income, net of tax	(130)						(130)	(130)
Non-cash compensation expense	590			590				590
Issuance of Warrants	5,340		5,340					5,340
Ending balance at Jun. 30, 2019	(88,320)	250	10,720	161,920	(10,000)	(255,900)	7,770	(85,240)	(3,080)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	145,250					145,510		145,510	(260)
Other comprehensive income, net of tax	(1,760)						(1,760)	(1,760)
Non-cash compensation expense	840			840				840
Amounts reclassified from AOCI	(17,260)						(17,260)	(17,260)
Ending balance at Sep. 30, 2019	$ 38,750	$ 250	$ 10,720	$ 162,760	$ (10,000)	$ (110,390)	$ (11,250)	$ 42,090	$ (3,340)

General

General	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General	Horizon Global Corporation (“Horizon,” “Horizon Global,” “we,” or the “Company”) is a global designer, manufacturer and distributor of a wide variety of high quality, custom-engineered towing, trailering, cargo management and other related accessories. These products are designed to support original equipment manufacturers (“OEMs”) and original equipment servicers (“OESs”) (collectively, “OEs”), aftermarket and retail customers within the agricultural, automotive, construction, horse/livestock, industrial, marine, military, recreational, trailer and utility markets. The Company groups its business into operating segments by the region in which sales and manufacturing efforts are focused. As a result of the Company’s sale of its Horizon Asia-Pacific operating segment (“APAC”), the Company’s operating segments are Horizon Americas and Horizon Europe-Africa . See Note 17 , “ Segment Information ,” for further information on each of the Company’s operating segments. Historical information has been retrospectively adjusted to reflect the classification of APAC as discontinued operations. Discontinued operations are further discussed in Note 3, “ Discontinued Operations ”. 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, 2018 . 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. It is management’s opinion that these financial statements contain all adjustments, including adjustments of a normal and recurring nature, necessary for a fair presentation of financial position and results of operations. Results of operations for interim periods are not necessarily indicative of results for the full year.

New Accounting Pronouncements

New Accounting Pronouncements	9 Months Ended
	Sep. 30, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Accounting pronouncements recently adopted In June 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-07, “Compensation - Stock Compensation (Topic 718)” (“ASU 2018-07”). ASU 2018-07 expands the scope of Accounting Standard Codification (“ASC”) 718 to include all share-based payment arrangements related to the acquisition of goods and services from both non-employees and employees. ASU 2018-07 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018 with early adoption permitted. The Company adopted ASU 2018-07 on January 1, 2019, and there was no impact on the Company’s condensed consolidated financial statements. In August 2017, the FASB issued ASU 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities” (“ASU 2017-12”). ASU 2017-12 eliminates the requirement to separately measure and report hedge ineffectiveness and generally requires, for qualifying hedges, the entire change in the fair value of a hedging instrument to be presented in the same income statement line as the hedged item. The guidance also modifies the accounting for components excluded from the assessment of hedge effectiveness, eases documentation and assessment requirements and modifies certain disclosure requirements. ASU 2017-12 is effective for fiscal years beginning after December 15, 2018, including interim periods within those annual periods, with early adoption permitted and should be applied on a modified retrospective basis. The Company adopted ASU 2017-12 on January 1, 2019, and there was no impact on the Company’s condensed consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)” (“ASU 2016-02”), which supersedes the lease requirements in “Leases (Topic 840).” The objective of this update is to establish the principles that lessees and lessors shall apply to report useful information to users of financial statements about the amount, timing, and uncertainty of cash flows arising from a lease. Under this guidance, lessees are required to recognize on the balance sheet a lease liability and a right-of-use (“ROU”) asset for all leases, with the exception of short-term leases with terms of twelve months or less. The lease liability represents the lessee’s obligation to make lease payments arising from a lease and will be measured as the present value of the lease payments. The ROU asset represents the lessee’s right to use a specified asset for the lease term, and will be measured at the lease liability amount, adjusted for lease prepayment, lease incentives received and the lessee’s initial direct costs. The Company has elected the package of practical expedients, excluding the lease term hindsight, as permitted by the transition guidance. The Company has made an accounting policy election to exempt leases with an initial term of twelve months or less from balance sheet recognition. Instead, short-term leases will be expensed over the lease term. The Company adopted the standard on January 1, 2019, by applying the modified retrospective method without restatement of comparative periods' financial information, as permitted by the transition guidance. The standard had a material impact on the Company’s condensed consolidated balance sheet, but did not have a material impact on its condensed consolidated statements of operations and cash flows. The most significant impact was the recognition of ROU assets and lease liabilities for operating leases, while the Company’s accounting for finance leases remained substantially unchanged. See Note 12 “ Leases, ” for the impact of the adoption which resulted in the recognition of ROU assets and corresponding lease liabilities.

Discontinued Operations

Discontinued Operations	9 Months Ended
	Sep. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations On September 19, 2019, the Company completed the sale of its subsidiaries that comprised APAC to Hayman Pacific BidCo Pty Ltd., an affiliate of Pacific Equity Partners, for $209.6 million in net cash proceeds after payment of transaction costs, in a net debt free sale. The sale resulted in the recognition of a gain of $180.5 million , of which $17.3 million was related to the cumulative translation adjustment that was reclassified to earnings, which is reflected within the income from discontinued operations, net of taxes line of the condensed consolidated statement of operations. The Company classified APAC assets and liabilities as held-for-sale as of December 31, 2018 in the accompanying condensed consolidated balance sheet and has classified APAC’s operating results and the gain on the sale as discontinued operations in the accompanying condensed consolidated statement of operations for all periods presented in accordance with ASC 205, “Discontinued Operations.” Prior to being classified as held-for-sale, APAC was included as a separate operating segment. The following tables presents the Company’s results from discontinued operations: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (dollars in thousands) (dollars in thousands) Net sales $ 29,750 $ 33,810 $ 92,300 $ 101,760 Cost of sales (22,250 ) (24,720 ) (68,530 ) (76,250 ) Selling, general and administrative expenses (3,050 ) (3,130 ) (9,580 ) (10,510 ) Interest expense (80 ) (60 ) (310 ) (210 ) Other expense. net (210 ) (470 ) (400 ) (1,800 ) Income before income tax expense 4,160 5,430 13,480 12,990 Income tax expense (1,900 ) (1,320 ) (4,450 ) (3,320 ) Gain on sale of discontinued operations $ 180,490 $ — $ 180,490 $ — Income from discontinued operations, net of tax $ 182,750 $ 4,110 $ 189,520 $ 9,670 The following tables presents the Company’s assets and liabilities held for sale: December 31, 2018 (dollars in thousands) Assets Current assets: Receivables, net of allowance for doubtful accounts $ 13,170 Inventories 21,490 Prepaid expenses and other current assets 1,420 Total current assets 36,080 Non-current assets: Property and equipment, net 15,780 Goodwill 8,160 Other intangibles, net 8,650 Deferred income taxes 2,030 Other assets 170 Total non-current assets 34,790 Assets held-for-sale $ 70,870 Liabilities Current liabilities: Accounts payable $ 20,780 Accrued liabilities 7,300 Total current liabilities 28,080 Non-current liabilities: Deferred income taxes 1,530 Other long-term liabilities 210 Total non-current liabilities 1,740 Total liabilities held-for-sale $ 29,820

Revenues

Revenues	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Revenues	Revenues Revenue Recognition The Company disaggregates revenue from contracts with customers by major sales channel. The Company determined that disaggregating revenue into these categories best depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. The Automotive OEM channel represents sales to automotive vehicle manufacturers. The Automotive OES channel primarily represents sales to automotive vehicle dealerships. The Aftermarket channel represents sales to automotive installers and warehouse distributors. The Retail channel represents sales to direct-to-consumer retailers. The Industrial channel represents sales to non-automotive manufacturers and dealers of agricultural equipment, trailers, and other custom assemblies. The E-Commerce channel represents sales to direct-to-consumer retailers who utilize the internet to purchase the Company’s products. The Other channel represents sales that do not fit into a category described above and these sales are considered ancillary to the Company’s core operating activities. The following tables present the Company’s net sales by major sales channel: Three Months Ended September 30, 2019 Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Net Sales Automotive OEM $ 21,050 $ 43,200 $ 64,250 Automotive OES 1,960 16,510 18,470 Aftermarket 26,920 19,840 46,760 Retail 26,600 — 26,600 Industrial 7,650 780 8,430 E-commerce 12,040 560 12,600 Other — 740 740 Total $ 96,220 $ 81,630 $ 177,850 Three Months Ended September 30, 2018 Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Net Sales Automotive OEM $ 20,320 $ 40,650 $ 60,970 Automotive OES 1,700 12,600 14,300 Aftermarket 38,470 19,980 58,450 Retail 29,600 — 29,600 Industrial 11,160 — 11,160 E-commerce 13,750 1,290 15,040 Other 510 4,000 4,510 Total $ 115,510 $ 78,520 $ 194,030 Nine Months Ended September 30, 2019 Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Net Sales Automotive OEM $ 64,970 $ 137,900 $ 202,870 Automotive OES 5,380 45,840 51,220 Aftermarket 79,910 56,200 136,110 Retail 88,230 — 88,230 Industrial 23,860 2,340 26,200 E-commerce 38,300 1,650 39,950 Other 20 3,570 3,590 Total $ 300,670 $ 247,500 $ 548,170 Nine Months Ended September 30, 2018 Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Net Sales Automotive OEM $ 60,320 $ 134,930 $ 195,250 Automotive OES 4,230 39,980 44,210 Aftermarket 96,700 65,180 161,880 Retail 96,330 — 96,330 Industrial 31,680 — 31,680 E-commerce 29,340 3,880 33,220 Other 1,220 12,460 13,680 Total $ 319,820 $ 256,430 $ 576,250 During the three and nine months ended September 30, 2019 and 2018 , adjustments to estimates of variable consideration for previously recognized revenue were insignificant. At September 30, 2019 and December 31, 2018 , total opening and closing balances of contract assets and deferred revenue were not material.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Changes in the carrying amount of goodwill for the nine months ended September 30, 2019 are summarized as follows: (dollars in thousands) Horizon Americas Balance at December 31, 2018 $ 4,500 Foreign currency translation (300 ) Balance at September 30, 2019 $ 4,200 The gross carrying amounts and accumulated amortization of the Company’s other intangibles are summarized as follows. As of Intangible Category by Useful Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount (dollars in thousands) Finite-lived intangible assets: Customer relationships (2 – 20 years) $ 162,940 $ (129,020 ) $ 33,920 Technology and other (3 – 15 years) 20,590 (14,630 ) 5,960 Trademark/Trade names (1 – 8 years) 150 (150 ) — Total finite-lived intangible assets 183,680 (143,800 ) 39,880 Trademark/Trade names, indefinite-lived 20,470 — 20,470 Total other intangible assets $ 204,150 $ (143,800 ) $ 60,350 As of Intangible Category by Useful Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount (dollars in thousands) Finite-lived intangible assets: Customer relationships (2 – 20 years) $ 168,230 $ (124,510 ) $ 43,720 Technology and other (3 – 15 years) 20,490 (15,400 ) 5,090 Trademark/Trade names (1 – 8 years) 150 (150 ) — Total finite-lived intangible assets 188,870 (140,060 ) 48,810 Trademark/Trade names, indefinite-lived 20,590 — 20,590 Total other intangible assets $ 209,460 $ (140,060 ) $ 69,400 On March 1, 2019, the Company entered into an agreement of sale of certain business assets in its Europe-Africa operating segment, via a share and asset sale (the “Sale”). Under the terms of the Sale, effective March 1, 2019, the Company disposed of certain non-automotive business assets that operated using the Terwa brand for $5.5 million , which included a $0.5 million note receivable. The Sale resulted in a $3.6 million loss recorded in Other expense, net in the condensed consolidated statements of operations, including a $3.0 million reduction of net intangibles related to customer relationships. Amortization expense related to intangible assets as included in the accompanying condensed consolidated statements of operations is summarized as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (dollars in thousands) Technology and other, included in cost of sales $ 260 $ 430 $ 980 $ 990 Customer relationships and Trademark/Trade names, included in selling, general and administrative expenses 1,410 1,600 3,820 4,650 Total amortization expense $ 1,670 $ 2,030 $ 4,800 $ 5,640

Inventories

Inventories	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following components: September 30, December 31, (dollars in thousands) Finished goods $ 80,440 $ 89,000 Work in process 12,880 16,160 Raw materials 47,830 47,040 Total inventories $ 141,150 $ 152,200

Property and Equipment, Net

Property and Equipment, Net	9 Months Ended
	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and Equipment, Net Property and equipment, net consists of the following components: September 30, December 31, (dollars in thousands) Land and land improvements $ 440 $ 460 Buildings 20,460 18,680 Machinery and equipment 120,840 121,230 141,740 140,370 Accumulated depreciation (63,070 ) (53,870 ) Property and equipment, net $ 78,670 $ 86,500 Depreciation expense included in the accompanying condensed consolidated statements of operations is as follows: Three months ended Nine months ended (dollars in thousands) 2019 2018 2019 2018 (dollars in thousands) Depreciation expense, included in cost of sales $ 3,170 $ 2,960 $ 9,760 $ 8,630 Depreciation expense, included in selling, general and administrative expense 1,420 270 2,220 780 Total depreciation expense $ 4,590 $ 3,230 $ 11,980 $ 9,410

Accrued and Other Long-term Lia

Accrued and Other Long-term Liabilities	9 Months Ended
	Sep. 30, 2019
Accrued Liabilities [Abstract]
Accrued and Other Long-term Liabilities	Accrued and Other Long-term Liabilities Accrued liabilities consist of the following components: September 30, December 31, (dollars in thousands) Customer incentives $ 12,700 $ 9,990 Customer claims 10,370 14,130 Accrued compensation 8,890 5,680 Accrued professional services 3,940 4,380 Restructuring 2,450 7,530 Deferred purchase price 750 3,400 Short-term tax liabilities 750 1,130 Cross currency swap — 1,610 Other 13,170 10,670 Total accrued liabilities $ 53,020 $ 58,520 Other long-term liabilities consist of the following components: September 30, December 31, (dollars in thousands) Long-term tax liabilities $ 6,220 $ 6,270 Deferred purchase price 2,440 30 Restructuring 1,980 2,580 Other 10,130 10,870 Total other long-term liabilities $ 20,770 $ 19,750

Long-term Debt

Long-term Debt	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt The Company’s long-term debt consists of the following: September 30, December 31, (dollars in thousands) ABL Facility $ 19,660 $ 61,570 First Lien Term Loan 25,010 190,520 Second Lien Term Loan 55,060 — Convertible Notes 125,000 125,000 Bank facilities, capital leases and other long-term debt 14,470 18,990 Gross debt 239,200 396,080 Less: Current maturities, long-term debt 24,270 13,860 Gross long-term debt 214,930 382,220 Less: Unamortized debt issuance costs and original issuance discount on First Lien Term Loan 790 7,380 Unamortized debt issuance costs and discount on Second Lien Term Loan 13,800 — Unamortized debt issuance costs and discount on Convertible Notes 19,610 24,190 Unamortized debt issuance costs and discount 34,200 31,570 Long-term debt $ 180,730 $ 350,650 ABL Facility In February 2019, the Company amended its existing revolving credit facility (the “ABL Facility”) to permit the Company to enter into the Senior Term Loan Agreement (as defined below) and make certain indebtedness, asset sale, investment and restricted payment baskets covenants more restrictive. In March 2019, the Company amended the ABL Facility to permit the Company to enter into the Second Lien Term Loan Agreement (as defined below) and provide for certain other modifications of the ABL Facility. In particular, the ABL Facility was modified to increase the interest rate by 1.0% , reduce the total facility size to $90.0 million and limit the ability to incur additional indebtedness in the future. In September 2019, the Company amended its existing ABL Facility to provide consent for the sale of APAC, provide consent for the Company’s prepayment of First Lien Term Loan, as discussed below, and increase the existing block by $5.0 million to a total block of $10.0 million , making the effective facility size $80.0 million . The ABL Facility consists of (i) a U.S. sub-facility, in an aggregate principal amount of up to $85.0 million (subject to availability under a U.S.-specific borrowing base) (the “U.S. Facility”), (ii) a Canadian sub-facility, in an aggregate principal amount of up to $2.0 million (subject to availability under a Canadian-specific borrowing base) (the “Canadian Facility”), and (iii) a U.K. sub-facility in an aggregate principal amount of up to $3.0 million (subject to availability under a U.K.-specific borrowing base) (the “U.K. Facility”). All facilities under the ABL Facility mature on June 30, 2020 and are presented in “short-term borrowings and current maturities, long-term debt” in the accompanying September 30, 2019 condensed consolidated balance sheet. The Company incurred debt issuance costs of approximately $0.5 million in connection with the September 2019 amendment of the ABL Facility. These debt issuance costs will be amortized into interest expense over the contractual term of the loan. The Company recognized $0.3 million and $0.8 million of amortization of debt issuance costs for the three and nine months ended September 30, 2019 , respectively, and $0.1 million and $0.4 million for the three and nine months ended September 30, 2018 , respectively which are included in the accompanying condensed consolidated statements of operations. There were $2.0 million and $0.8 million of unamortized debt issuance costs included in other assets in the accompanying condensed consolidated balance sheets as of September 30, 2019 and December 31, 2018 , respectively. There was $19.7 million and $61.6 million outstanding under the ABL Facility as of September 30, 2019 and December 31, 2018 , respectively, with a weighted average interest rate of 7.0% and 4.4% , respectively. Total letters of credit issued under the ABL Facility at September 30, 2019 and December 31, 2018 were $7.8 million and $3.4 million , respectively. The Company had $44.5 million and $10.3 million of availability under the ABL Facility as of September 30, 2019 and December 31, 2018 , respectively. First Lien Term Loan (formerly “Term Loan”) In February 2019, the Company amended and restated the existing term loan agreement (the “First Lien Term Loan Agreement”) to permit the Company to enter into the Senior Term Loan Agreement and tightened certain indebtedness, asset sale, investment and restricted payment baskets. In March 2019, the Company amended the existing term loan agreement (“Sixth Term Amendment”) to permit the Company to enter into the Second Lien Term Loan Agreement, amend certain financial covenants to make them less restrictive and make certain other affirmative and negative covenants more restrictive. The Sixth Term Amendment also added a fixed charge coverage covenant starting with fiscal quarter ending March 31, 2020, a minimum liquidity covenant of $15.0 million starting March 31, 2019, and a maximum capital expenditure covenant of $15.0 million for 2019 and $25.0 million annually thereafter. The interest rate on the First Lien Term Loan Agreement was also amended to add 3.0% paid-in-kind interest in addition to the existing cash pay interest. In May 2019, the Company entered into the seventh amendment to credit agreement (the “Seventh Term Amendment”) to amend the First Lien Term Loan Agreement, which extended its $100.0 million prepayment requirement from on or before March 31, 2020, to on or before May 15, 2020. In September 2019, the Company amended the existing First Lien Term Loan Agreement (“Eighth Term Amendment”) to provide consent for the sale of the Company’s APAC segment, provide consent for the Company to meet its prepayment obligation of the First Lien Term Loan, remove prepayment penalties and make certain negative covenants less restrictive. In September 2019, the Company paid down a portion of its First Lien Term Loan’s outstanding principal plus fees and paid-in-kind interest in the amount of $172.9 million . Pursuant to the Eighth Term Amendment, the prior first lien leverage covenant was eliminated and replaced with the secured net leverage ratio starting with the fiscal quarter ending December 31, 2020 as follows: December 31, 2020: 6.00 to 1.00 March 31, 2021: 6.00 to 1.00 June 30, 2021 and each fiscal quarter ending thereafter: 5.00 to 1.00 In accordance with ASC 470-50, “Modifications and Extinguishments,” the Company recorded approximately $0.7 million of issuance costs in selling, general and administrative expense in the accompanying condensed consolidated statements of operations during the nine months ended September 30, 2019 and wrote off approximately $5.2 million of debt issuance costs due to the modification of the First Lien Term Loan for the September 19, 2019 amendment, which were recorded to selling, general and administrative expense within the accompanying condensed consolidated statements of operations. The Company recorded approximately $5.2 million and $8.7 million of unamortized debt issuance costs to interest expense for the three and nine months ended September 30, 2019 , respectively, due to the extinguishment of debt for certain lenders in the loan syndicate in connection with the Sixth, Seventh and Eighth Term Amendments. The Company recognized approximately $1.7 million and $4.4 million of amortization of debt issuance and discount cost for the three and nine months ended September 30, 2019 , respectively, and $0.6 million and $1.4 million for the three and nine months ended September 30, 2018 , respectively, which is included in the accompanying condensed consolidated statements of operations. The Company recognized $3.0 million of paid-in-kind interest on the First Lien Term Loan for the nine months ended September 30, 2019 . The Company had an aggregate principal amount outstanding of $25.0 million and $190.5 million as of September 30, 2019 and December 31, 2018 , respectively, under the First Lien Term Loan bearing interest at 8.1% and 8.8% , respectively. All of the indebtedness under the First Lien Term Loan is and will be guaranteed by the Company’s existing and future material domestic subsidiaries and is and will be secured by substantially all of the assets of the Company and such guarantors. Senior Term Loan Agreement In February 2019, the Company entered into a Credit Agreement (the “Senior Term Loan Agreement”) with Cortland Capital Markets Services LLC, as administrative agent and collateral agent, and the lenders party thereto. The Senior Term Loan Agreement provided for a short-term loan facility in the aggregate principal amount of $10.0 million , all of which was borrowed by the Company. Certain of the lenders under the Company’s First Lien Term Loan Agreement were the lenders under the Senior Term Loan Agreement. The Senior Term Loan Agreement required the Company to obtain additional financing in amounts and on terms acceptable to the lenders. The Senior Term Loan Agreement was repaid on March 15, 2019, in conjunction with the additional financing further detailed below. The Company incurred debt issuance costs of approximately $0.5 million in connection with the Senior Term Loan Agreement, which were recorded to selling, general and administrative expense within the accompanying condensed consolidated statements of operations. Second Lien Term Loan Agreement In March 2019, the Company entered into a Credit Agreement (the “Second Lien Term Loan Agreement”) with Cortland Capital Markets Services LLC, as administrative agent and collateral agent, and Corre Partners Management L.L.C., as representative of the lenders, and the lenders party thereto. The Second Lien Term Loan Agreement provides for a term loan facility in the aggregate principal amount of $51.0 million and matures on September 30, 2021. The interest on the Second Lien Term Loan may be paid, at the Company’s election, in cash, at the customary eurocurrency rate plus a margin of 10.50% per annum, or in-kind, at the customary eurocurrency rate plus a margin of 11.50% . The Second Lien Term Loan Agreement is secured by a second lien on substantially the same collateral as the First Lien Term Loan and is subject to various affirmative and negative covenants including a secured net leverage ratio tested quarterly further detailed below. In September 2019, the Company amended the existing Second Lien Term Loan Agreement (“Second Lien Amendment”) to remove the prepayment requirement related to the use of APAC sale proceeds and made certain negative covenants less restrictive. Pursuant to the Second Lien Amendment, the prior first lien leverage covenant was eliminated and replaced with the secured net leverage ratio starting with the fiscal quarter ending December 31, 2020, as outlined in the above section, First Lien Term Loan. The proceeds, net of applicable fees, of the Second Lien Term Loan Agreement were used to repay all amounts outstanding under the Senior Term Loan Agreement and to provide additional liquidity and working capital for the Company. Pursuant to the Second Lien Term Loan Agreement, the Company was required to issue 6.25 million detachable warrants to purchase common stock of the Company, which can be exercised on a cashless basis over a five -year term with an exercise price of $1.50 per share. 3,601,902 warrants were issued in March 2019, and the Company also issued 90,667 shares of Series A Preferred Stock in the interim that were convertible into additional warrants upon receipt of shareholder approval of the issuance of such additional warrants and the shares of common stock issuable upon exercise thereof. Upon receipt of such shareholder approval on June 25, 2019, the 90,667 shares of Series A Preferred Stock were converted into 2,952,248 warrants. In accordance with guidance in ASC 480, “Distinguishing Liabilities from Equity” (“ASC 480”), and ASC 815, “Derivatives and Hedging” (“ASC 815”), the (i) Second Lien Term Loan; (ii) Series A Preferred Stock, and (iii) warrants are all freestanding instruments and proceeds were allocated to each instrument on March 15, 2019 on a relative fair value basis: (i) $40.3 million ; (ii) $5.3 million and (iii) $5.4 million , respectively. The Series A Preferred Stock was not within the scope of ASC 480-10 and did not meet the criteria for liability classification. The Series A Preferred Stock was classified as temporary equity as of March 31, 2019, as the Series A Preferred Stock was entitled to receive two times its liquidation value in cash upon occurrence of a liquidation or deemed liquidation event, which is outside the control of the Company. After receipt of shareholder approval at the Company’s annual meeting of shareholders on June 25, 2019, the Series A Preferred Stock was automatically converted into 2,952,248 warrants and $5.3 million was reclassified to Common stock warrants within Shareholders’ equity in the Company’s condensed consolidated balance sheet. The warrants also do not meet the criteria for liability classification under ASC 480. However, the warrants meet the definition of a derivative under ASC 815, are determined to be indexed to the Company’s common stock and meet the requirements for equity classification pursuant to ASC 815-40. The Company determined the fair value of the Second Lien Term Loan using a discount rate build up approach. The fair values of the Series A Preferred Stock and warrants were determined using an option pricing method. The debt discount of $10.7 million created by the relative fair value allocation of the equity component is being amortized as additional non-cash interest expense using the effective interest method over the contractual term of the loan. Debt issuance costs of approximately $3.8 million and original issuance discount of approximately $1.0 million were incurred in connection with entry into the Second Lien Term Loan Agreement. The debt issuance and original issuance discount costs will be amortized into interest expense over the contractual term of the loan using the effective interest method. The Company had total unamortized debt issuance and discount costs of $13.8 million , all of which are recorded as a reduction of the debt balance on the Company’s accompanying condensed consolidated balance sheet as of September 30, 2019 . The Company recognized $4.6 million of paid-in-kind interest on its Second Lien Term Loan for the nine months ended September 30, 2019 . Convertible Notes In February 2017, the Company completed a public offering of 2.75% Convertible Senior Notes (the “Convertible Notes”) in an aggregate principal amount of $125.0 million . Interest is payable on January 1 and July 1 of each year, beginning on July 1, 2017. The Convertible Notes are convertible into 5,005,000 shares of the Company’s common stock, based on an initial conversion price of $24.98 per share. The Convertible Notes will mature on July 1, 2022 unless earlier converted. Upon conversion by the holders, the Company may elect to settle such conversion in shares of its common stock, cash, or a combination thereof. Because the Company may elect to settle conversion in cash, the Company separated the Convertible Notes into their liability and equity components by allocating the issuance proceeds to each of those components in accordance with ASC 470-20, “Debt-Debt with Conversion and Other Options.” The Company first determined the fair value of the liability component by estimating the value of a similar liability that does not have an associated equity component. The Company then deducted that amount from the issuance proceeds to arrive at a residual amount, which represents the equity component. The Company accounted for the equity component as a debt discount (with an offset to paid-in capital in excess of par value). The debt discount created by the equity component is being amortized as additional non-cash interest expense using the effective interest method over the contractual term of the Convertible Notes ending on July 1, 2022. In connection with the issuance of the Convertible Notes, the Company entered into convertible note hedge transactions (the “Convertible Note Hedges”) in privately negotiated transactions with certain of the underwriters or their affiliates (in this capacity, the “option counterparties”). The Convertible Note Hedges provide the Company with the option to acquire, on a net settlement basis, 5,005,000 shares of its common stock, which is equal to the number of shares of common stock that notionally underlie the Convertible Notes, at a strike price of $24.98 , which corresponds to the conversion price of the Convertible Notes. The Convertible Note Hedges have an expiration date that is the same as the maturity date of the Convertible Notes, subject to earlier exercise. The Convertible Note Hedges have customary anti-dilution provisions similar to the Convertible Notes. The Convertible Note Hedges have a default settlement method of net-share settlement but may be settled in cash or shares, depending on the Company’s method of settlement for conversion of the corresponding Convertible Notes. If the Company exercises the Convertible Note Hedges, the shares of common stock it will receive from the option counterparties to the Convertible Note Hedges will cover the shares of common stock that it would be required to deliver to the holders of the converted Convertible Notes in excess of the principal amount thereof. The aggregate cost of the Convertible Note Hedges was $29.0 million (or $7.5 million net of the total proceeds from the Warrants sold, as discussed below), before the allocation of issuance costs of approximately $0.7 million . The Convertible Note Hedges are accounted for as equity transactions in accordance with ASC 815-40 , “Derivatives and Hedging-Contracts in Entity’s own Equity.” In connection with the issuance of the Convertible Notes, the Company also sold net-share-settled warrants (the “Warrants”) in privately negotiated transactions with the option counterparties for the purchase of up to 5,005,000 shares of its common stock at a strike price of $29.60 per share, for total proceeds of $21.5 million , before the allocation of $0.6 million of issuance costs. The Company also recorded the Warrants within shareholders’ equity in accordance with ASC 815-40. The Warrants have customary anti-dilution provisions similar to the Convertible Notes. As a result of the issuance of the Warrants, the Company will experience dilution to its diluted earnings per share if its average closing stock price exceeds $29.60 for any fiscal quarter. The Warrants expire on various dates from October 2022 through February 2023 and must be net-settled in shares of the Company’s common stock. Therefore, upon exercise of the Warrants, the Company will issue shares of its common stock to the purchasers of the Warrants that represent the value by which the price of the common stock exceeds the strike price stipulated within the particular warrant agreement. Covenant and Liquidity Matters The ABL Facility matures on June 30, 2020, and as of September 30, 2019 , had an outstanding balance of $19.7 million . The Company believes it has sufficient liquidity to operate its business. However, today it does not have the cash or liquidity to pay off the ABL Facility at maturity. If the Company cannot generate sufficient cash from operations to make the aforementioned payment at maturity, or enter into new or additional financing arrangements, it may result in an event of default because of the inability to meet all of its obligations under its credit agreements. Such a default, if not cured, would allow the lenders to accelerate the maturity of the debt, making it due and payable at that time, which would result in a cross default of other debt obligations. The Company is in compliance with all of its financial covenants as of September 30, 2019 .

Derivative Instruments

Derivative Instruments	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments Foreign Currency Exchange Rate Risk As of September 30, 2019 , the Company was party to forward contracts to hedge changes in foreign currency exchange rates with notional amounts of approximately $3.9 million . The Company uses foreign currency forward contracts to mitigate the risk associated with fluctuations in currency rates impacting cash flows related to certain payments for contract manufacturing in its lower-cost manufacturing facilities. The foreign currency forward contracts hedge currency exposure between the Mexican peso and the U.S. dollar and mature at specified monthly settlement dates through December 2019. At inception, the Company designated the foreign currency forward contracts as cash flow hedges. Upon the performance of contract manufacturing or purchase of certain inventories the Company de-designates the foreign currency forward contract. Financial Statement Presentation The fair value carrying amount of the Company’s derivative instruments were recorded as follows: Asset / (Liability) Derivatives Balance Sheet Caption September 30, December 31, (dollars in thousands) Derivatives designated as hedging instruments Foreign currency forward contracts Prepaid expenses and other current assets $ 220 $ 1,910 Cross currency swap Accrued liabilities — (2,480 ) Total derivatives designated as hedging instruments 220 (570 ) Derivatives not designated as hedging instruments Foreign currency forward contracts Prepaid expenses and other current assets 100 70 Total derivatives de-designated as hedging instruments 100 70 Total derivatives $ 320 $ (500 ) The following table summarizes the amount of gain recognized in AOCI on derivatives (net of tax): Amount of Gain Recognized in AOCI on Derivatives (net of tax) As of September 30, As of December 31, 2019 2018 (dollars in thousands) Derivatives classified as cash flow hedges: Foreign currency forward contracts $ 220 $ 1,870 Cross currency swap $ — $ 90 The following tables summarize the amounts reclassified from AOCI into earnings: Three months ended September 30, 2019 2018 Cost of sales Interest expense Cost of sales Interest expense (dollars in thousands) Total Amounts of Expense Line Items Presented in the Statement of Operations in Which the Effects of Cash Flow Hedges are Recorded $ (149,560 ) $ (24,120 ) $ (159,500 ) $ (7,590 ) Amount of Gain Reclassified from AOCI into Earnings Derivatives classified as cash flow hedges: Foreign currency forward contracts $ 350 $ — $ 440 $ — Cross currency swap $ — $ — $ — $ 780 Nine months ended September 30, 2019 2018 Cost of sales Interest expense Cost of sales Interest expense (dollars in thousands) Total Amounts of Expense Line Items Presented in the Statement of Operations in Which the Effects of Cash Flow Hedges are Recorded $ (460,010 ) $ (50,270 ) $ (472,120 ) $ (19,580 ) Amount of Gain Reclassified from AOCI into Earnings Derivatives classified as cash flow hedges: Foreign currency forward contracts $ 1,550 $ — $ 590 $ — Cross currency swap $ — $ 900 $ — $ 4,000 Over the next 12 months , the Company expects to reclassify approximately $0.2 million of pre-tax deferred gains, related to the foreign currency forward contracts, from AOCI to cost of sales as contract manufacturing and inventory purchases are settled. Fair Value Measurements The fair value of the Company’s derivatives are estimated using an income approach based on valuation techniques to convert future amounts to a single, discounted amount. The Company’s derivatives are recorded at fair value in its condensed consolidated balance sheets and are valued using pricing models that are primarily based on market observable external inputs, including spot and forward currency exchange rates, benchmark interest rates, and discount rates consistent with the instrument’s tenor, and consider the impact of the Company’s own credit risk, if any. Changes in counterparty credit risk are also considered in the valuation of derivative financial instruments. Fair value measurements and the fair value hierarchy level for the Company’s assets and liabilities measured at fair value on a recurring basis as of September 30, 2019 and December 31, 2018 are shown below: Frequency Asset / (Liability) Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (dollars in thousands) September 30, 2019 Foreign currency forward contracts Recurring $ 320 $ — $ 320 $ — December 31, 2018 Foreign currency forward contracts Recurring $ 1,980 $ — $ 1,980 $ — Cross currency swaps Recurring $ (2,480 ) $ — $ (2,480 ) $ —

Restructuring

Restructuring	9 Months Ended
	Sep. 30, 2019
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring The Company’s restructuring activities are undertaken as necessary to execute management’s strategy and streamline operations, consolidate and take advantage of available capacity and resources, and ultimately achieve productivity improvements and net cost reductions. The Company's restructuring charges consist primarily of employee costs (principally severance and/or termination benefits) and facility closure and other costs. To the extent these programs involve voluntary separations, no liabilities are generally recorded until offers to employees are accepted. If employees are involuntarily terminated, a liability is generally recorded at the communication date. Estimates of restructuring charges are based on information available at the time such charges are recorded. Related charges are recorded in cost of sales and selling, general and administrative expenses. The following table provides a summary of the Company’s consolidated restructuring liabilities and related activity for each type of exit cost as of and for the nine months ended September 30, 2019 : Employee Costs Facility Closure and Other Costs Total (dollars in thousands) Balance at January 1, 2019 $ 4,990 $ 5,120 $ 10,110 Payments and other (1) (3,810 ) $ (1,870 ) (5,680 ) Balance at September 30, 2019 $ 1,180 $ 3,250 $ 4,430 (1) Other consists primarily of changes in the liability balance due to foreign currency translation in addition to reversals of charges. The $4.4 million restructuring liability at September 30, 2019 includes $2.4 million of accrued liabilities and $2.0 million of other long-term liabilities.

Leases

Leases	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Leases	Leases The Company leases certain facilities, automobiles and equipment under non-cancellable operating leases. Our leases have remaining lease terms of one year to twelve years, some of which include options to extend the leases for up to five years, and some of which include options to terminate the leases within one year. Leases with an initial term of twelve months or less are not recorded on the condensed consolidated balance sheets; the Company recognizes lease expense for these leases on a straight-line basis over the lease term. Most leases include one or more options to renew. The exercise of lease renewal options is typically at the Company’s sole discretion; therefore, the majority of renewals to extend the lease terms are not included in the Company’s ROU assets and lease liabilities as they are not reasonably certain of exercise. The Company regularly evaluates the renewal options and when they are reasonably certain of exercise, the Company includes the renewal period in the lease term. The Company combines lease and non-lease components which are accounted for as a single lease component as the Company has elected the practical expedient to group lease and non-lease components for all leases. As most of the Company’s leases do not provide an implicit rate, the Company uses the incremental borrowing rate based on the information available at the lease commencement date in determining the present value of the lease payments. The Company has a centrally managed treasury function; therefore, based on the applicable lease terms and the current economic environment, the Company applies a portfolio approach by reporting segment for determining the incremental borrowing rate. Operating lease cost was $ 4.3 million and $13.3 million for the three and nine months ended September 30, 2019 , respectively. Operating cash flows from operating leases were $4.6 million and $14.3 million for the three and nine months ended September 30, 2019 , respectively. ROU assets obtained in exchange for operating lease obligations were $0.2 million and $15.0 million for the three and nine months ended September 30, 2019 , respectively. The weighted average remaining term of these leases was approximately 6.7 years and the weighted average discount rate used to measure lease liabilities was approximately 8.7% . In September 2019, the Company ceased use of its Troy, Michigan headquarters office lease. In conjunction with the lease abandonment, the Company accelerated the recognition of expense of its ROU asset and wrote it off, which resulted in a $4.3 million charge recorded in selling, general and administrative expense in the accompanying condensed consolidated statements of operations during the three and nine months ended September 30, 2019 . Maturities of lease liabilities were as follows as of September 30, 2019 : Years ending December 31, Operating Leases (dollars in thousands) 2019 $ 4,990 2020 14,120 2021 13,180 2022 11,270 2023 9,000 2024 and thereafter 29,900 Total lease payments 82,460 Less imputed interest (21,720 ) Present value of lease liabilities $ 60,740 Minimum payments for operating leases having initial or remaining non-cancellable lease terms in excess of one year at December 31, 2018 , under ASC 840, are summarized below. This historical information has been retrospectively adjusted to reflect the removal of discontinued operations. Discontinued operations are further discussed in Note 3, “ Discontinued Operations ”. December 31, Minimum Payments (dollars in thousands) 2019 $ 12,380 2020 11,350 2021 10,120 2022 7,350 2023 4,350 Thereafter 12,480 Total $ 58,030

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Contingencies	During the fourth quarter of 2018, the Company was notified by two OEM customers of potential claims related to product sold by Horizon Europe-Africa arising from potentially faulty components provided by a third party supplier. The claims resulted from the failure of products not functioning to specifications, but the claims do not allege any damage and only seek replacement of the product. During the first quarter of 2019, one of the claims resulted in a recall campaign, while the manner in which the other claim will be resolved was pending. The Company performed an assessment of the facts and circumstances for all asserted and unasserted claims and considered all factors including the Company’s recall insurance. Based on this assessment through March 31, 2019, the Company determined the probable range of the liability to be between $16.8 million and $20.0 million , with no amount within that range a better estimate than any other amount. As a result, the Company recorded a liability of $16.8 million and an asset of $11.1 million , which resulted in a $4.3 million charge during the first quarter of 2019. On November 6, 2019, the Company reached a commercial settlement with an OEM customer that settles the exposure for certain claims related to the potentially faulty components for $5.5 million . Based on the facts and circumstances, the Company has determined that this settlement is a type I subsequent event which was recorded in its consolidated financial statements during the third quarter of 2019. As a result, the Company reduced its exposure related the claim by $4.3 million during the three months ended September 30, 2019. As of September 30, 2019 , the liability is $8.6 million due to ongoing replacement costs of potentially faulty components and is presented in “accrued liabilities” and the asset balance of $5.0 million is presented in “prepaid expenses and other current assets” in the accompanying September 30, 2019 condensed consolidated balance sheet.

Earnings per Share

Earnings per Share	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Earnings per Share	Loss) per Share Basic loss per share is computed using net income (loss) attributable to Horizon Global and the number of weighted average shares outstanding. Diluted loss per share is computed using net income (loss) attributable to Horizon Global and the number of weighted average shares outstanding, adjusted to give effect to the assumed exercise of outstanding stock options and warrants, vesting of restricted shares outstanding, and conversion of the Convertible Notes. The following table sets forth the reconciliation of the numerator and the denominator of basic income (loss) per share attributable to Horizon Global and diluted income (loss) per share attributable to Horizon Global: Three months ended Nine months ended 2019 2018 2019 2018 (dollars in thousands, except share and per share data) Numerator: Net loss from continuing operations $ (37,500 ) $ (37,110 ) $ (78,030 ) $ (167,590 ) Income from discontinued operations, net of tax $ 182,750 $ 4,110 $ 189,520 $ 9,670 Less: Net loss attributable to noncontrolling interest $ (260 ) $ (240 ) $ (840 ) $ (720 ) Net income (loss) attributable to Horizon Global $ 145,510 $ (32,760 ) $ 112,330 $ (157,200 ) Denominator: Weighted average shares outstanding, basic 25,329,492 25,101,847 25,267,310 25,028,072 Dilutive effect of stock-based awards — — — — Weighted average shares outstanding, diluted 25,329,492 25,101,847 25,267,310 25,028,072 Basic income (loss) per share attributable to Horizon Global Continuing Operations $ (1.47 ) $ (1.47 ) $ (3.05 ) $ (6.67 ) Discontinued Operations $ 7.21 $ 0.16 $ 7.50 $ 0.39 Total $ 5.74 $ (1.31 ) $ 4.45 $ (6.28 ) Diluted income (loss) per share attributable to Horizon Global Continuing Operations $ (1.47 ) $ (1.47 ) $ (3.05 ) $ (6.67 ) Discontinued Operations $ 7.21 $ 0.16 $ 7.50 $ 0.39 Total $ 5.74 $ (1.31 ) $ 4.45 $ (6.28 ) Due to losses from continuing operations for the three and nine months ended September 30, 2019 and 2018 , the effect of certain dilutive securities were excluded from the computation of weighted average diluted shares outstanding as inclusion would have resulted in anti-dilution. A summary of these anti-dilutive common stock equivalents is provided in the table below: Three months ended Nine months ended 2019 2018 2019 2018 Number of options 53,321 220,726 61,184 285,538 Exercise price of options $9.20 - $11.29 $9.20 - $11.29 $9.20 - $11.29 $9.20 - $11.29 Restricted stock units 1,524,778 629,507 1,101,855 685,286 Convertible Notes 5,005,000 5,005,000 5,005,000 5,005,000 Convertible Notes warrants 5,005,000 5,005,000 5,005,000 5,005,000 Second Lien Term Loan warrants 6,545,479 — 3,671,607 — For purposes of determining diluted income (loss) per share, the Company has elected a policy to assume that the principal portion of the Convertible Notes, as described in Note 9 , “ Long-term Debt ,” is settled in cash and the conversion premium is settled in shares. Therefore, the Company has adopted a policy of calculating the diluted income (loss) per share effect of the Convertible Notes using the treasury stock method. As a result, the dilutive effect of the Convertible Notes is limited to the conversion premium, which is reflected in the calculation of diluted loss per share as if it were a freestanding written call option on the Company’s shares. Using the treasury stock method, the Warrants issued in connection with the issuance of the Convertible Notes are considered to be dilutive when they are in the money relative to the Company’s average common stock price during the period. The Convertible Note Hedges purchased in connection with the issuance of the Convertible Notes are always considered to be anti-dilutive and therefore do not impact the Company’s calculation of diluted income (loss) per share.

Equity Awards

Equity Awards	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Equity Awards	Equity Awards Description of the Plan Horizon employees and non-employee directors participate in the Horizon Global Corporation 2015 Equity and Incentive Compensation Plan (as amended and restated, the “Horizon 2015 Plan”). The Horizon 2015 Plan authorizes the Compensation Committee of the Horizon Board of Directors to grant stock options (including “incentive stock options” as defined in Section 422 of the U.S. Internal Revenue Code), restricted shares, restricted stock units, performance shares, performance stock units, cash incentive awards, and certain other awards based on or related to our common stock to Horizon employees and non-employee directors. No more than 4.4 million Horizon common shares may be delivered under the Horizon 2015 Plan. Stock Options The following table summarizes Horizon stock option activity from December 31, 2018 to September 30, 2019 : Number of Stock Options Weighted Average Exercise Price Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding at December 31, 2018 92,967 $ 10.40 Granted — — Exercised — — Canceled, forfeited (39,646 ) 10.31 Expired — — Outstanding at September 30, 2019 53,321 $ 10.43 5.8 $ — As of September 30, 2019 , the unrecognized compensation cost related to stock options is immaterial. For the three and nine months ended September 30, 2019 and 2018 , the stock-based compensation expense recognized by the Company related to stock options was immaterial. There was no aggregate intrinsic value of the outstanding options at September 30, 2019 . Stock-based compensation expense is included in selling, general and administrative expenses in the accompanying condensed consolidated statements of operations. Restricted Shares During the first nine months of 2019 , the Company granted an aggregate of 1,527,322 restricted stock units and performance stock units to certain key employees. The total grants consisted of: (i) 353,592 time-based restricted stock units that vest on May 15, 2020; (ii) 5,000 time-based restricted stock units that vest on May 15, 2021; (iii) 411,373 time-based restricted stock units that vest on March 19, 2022 and (iv) 757,357 market-based performance stock units that vest on March 19, 2022 (the “2019 PSUs”). During 2018, the Company granted an aggregate of 477,963 restricted stock units and performance stock units to certain key employees and non-employee directors. The total grants consisted of: (i) 5,680 time-based restricted stock units that vested on July 1, 2018; (ii) 43,799 time-based restricted stock units that vest ratably on (1) March 1, 2019, (2) March 1, 2020 and (3) March 1, 2021; (iii) 101,204 time-based restricted stock units that vest ratably on (1) March 1, 2019, (2) March 1, 2020, (3) March 1, 2021 and (4) March 1, 2022; (iv) 145,003 market-based performance stock units that vest on March 1, 2021 (the “2018 PSUs”); (v) 43,416 time-based restricted stock units that vest on March 1, 2021; (vi) 17,575 time-based restricted stock units that vest on May 8, 2019; (vii) 84,210 time-based restricted stock units that vested on May 15, 2018; (viii) 11,404 time-based restricted stock units that vest on May 15, 2020; (ix) 14,472 time-based restricted stock units that vest on August 1, 2020; (x) 8,400 time-based restricted stock units that vest on October 1, 2020, and (xi) 2,800 time-based restricted stock units that vest on December 3, 2020. The performance criteria for the market-based performance stock units is based on the Company’s total shareholder return (“TSR”) relative to the TSR of the common stock of a pre-defined industry peer group. For the 2019 PSUs, TSR is measured over a period beginning January 1, 2019 and ending December 31, 2021. For the 2018 PSUs, TSR is measured over a period beginning January 1, 2018 and ending December 31, 2020. TSR is calculated as the Company’s average closing stock price for the 20 -trading days at the end of the performance period plus Company dividends, divided by the Company’s average closing stock price for the 20 -trading days prior to the start of the performance period. Depending on the performance achieved, the amount of shares earned can vary from 0% of the target award to a maximum of 200% of the target award. The Company estimated the grant-date fair value of the awards subject to a market condition using a Monte Carlo simulation model, using the following weighted-average assumptions: risk-free interest rate of 2.43% and 2.34% for the 2019 PSUs and 2018 PSUs, respectively, and annualized volatility of 84.1% and 37.4% for the 2019 PSUs and 2018 PSUs, respectively. Due to the lack of adequate stock price history of Horizon common stock during 2018, the volatility was based on the median of the peer group. In 2019, the Company had sufficient historical data that was used to calculate the volatility. The grant date fair value of the p erformance stock units wer e $3.69 and $7.08 for the 2019 PSUs and 2018 PSUs, respectively. The grant date fair value of r estricted stock units is expensed over the vesting period. Restricted stock unit fair values are based on the closing trading price of the Company’s common stock on the date of grant. Changes in the number of restricted shares outstanding for the period ended September 30, 2019 were as follows: Number of Restricted Shares Weighted Average Grant Date Fair Value Outstanding at December 31, 2018 419,928 $ 9.75 Granted 1,527,322 3.46 Vested (145,981 ) 7.40 Canceled, forfeited (287,829 ) 4.02 Outstanding at September 30, 2019 1,513,440 $ 4.31 As of September 30, 2019 , there was $4.1 million in unrecognized compensation costs related to unvested restricted stock units that is expected to be recognized over a weighted-average period of 2.0 years. The Company recognized approximately $0.9 million and $1.8 million of stock-based compensation expense related to restricted shares during the three and nine months ended September 30, 2019 , respectively, and approximately $0.1 million and $1.5 million during the three and nine months ended September 30, 2018 . Stock-based compensation expense is included in selling, general and administrative expenses in the accompanying condensed consolidated statements of operations.

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Sep. 30, 2019
Other Comprehensive Income [Abstract]
Shareholders' Equity	Shareholders’ Equity Preferred Stock The Company is authorized to issue 100,000,000 shares of preferred stock, par value of $0.01 per share. There were no preferred shares outstanding at September 30, 2019 or December 31, 2018 . Common Stock The Company is authorized to issue 400,000,000 shares of common stock, par value of $0.01 per share. At September 30, 2019 , there were 26,073,894 shares of common stock issued and 25,387,388 shares of common stock outstanding. At December 31, 2018 , there were 25,866,747 shares of common stock issued and 25,180,241 shares of common stock outstanding. Common Stock Warrants In connection with the Second Lien Term Loan the Company entered into in March 2019, the Company became obligated to issue 6.25 million detachable warrants to purchase common stock of the Company, which can be exercised on a cashless basis over a five year term with an exercise price of $1.50 per share. The Company also issued 90,667 shares of Series A Preferred Stock in March 2019 in connection with the Second Lien Term Loan that were convertible into additional warrants upon receipt of shareholder approval of the issuance of such additional warrants and the shares of common stock issuable upon exercise thereof. The Series A Preferred Stock was presented as Temporary equity in the March 31, 2019 condensed consolidated balance sheet. Upon receipt of such shareholder approval on June 25, 2019, the 90,667 shares of Series A Preferred Stock were converted into 2,952,248 warrants. See Note 9 , “ Long-term Debt ,” for additional information. As of September 30, 2019 , warrants to purchase 6,487,674 shares of common stock were issued and remain outstanding. Accumulated Other Comprehensive Income (“AOCI”) Changes in AOCI by component, net of tax, for the nine months ended September 30, 2019 are summarized as follows: Derivative Instruments Foreign Currency Translation Total (dollars in thousands) Balance at January 1, 2019 $ 1,960 $ 5,800 $ 7,760 Net unrealized gains arising during the period 730 (30 ) 700 Less: Net realized gains reclassified to net loss 2,450 — 2,450 Amounts reclassified from AOCI (20 ) (17,240 ) (17,260 ) Net current-period change (1,740 ) (17,270 ) (19,010 ) Balance at September 30, 2019 $ 220 $ (11,470 ) $ (11,250 ) Changes in AOCI by component, net of tax, for the nine months ended September 30, 2018 are summarized as follows: Derivative Instruments Foreign Currency Translation Total (dollars in thousands) Balance at January 1, 2018 $ (310 ) $ 10,880 $ 10,570 Net unrealized gains (losses) arising during the period (a) 6,850 (4,330 ) 2,520 Less: Net realized losses reclassified to net loss (b) 3,890 — 3,890 Net current-period change 2,960 (4,330 ) (1,370 ) Balance at September 30, 2018 $ 2,650 $ 6,550 $ 9,200 __________________________ (a) Derivative instruments, net of income tax expense of $(1.3) million . See Note 10 , “ Derivative Instruments ,” for further details. (b) Derivative instruments, net of income tax expense of $0.9 million . See Note 10 , “ Derivative Instruments ,” for further details.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Segment Information	Segment Information The Company groups its business into operating segments by the region in which sales and manufacturing efforts are focused, which are grouped on the basis of similar product, market and operating factors. Each operating segment has discrete financial information evaluated regularly by the Company’s chief operating decision maker in determining resource allocation and assessing performance. The Company reports the results of its business in two operating segments: Horizon Americas and Horizon Europe-Africa . Horizon Americas is comprised of the Company’s North American and South American operations. Horizon Europe-Africa is comprised of the European and South African operations. See below for further information regarding the types of products and services provided within each operating segment. Previously, the Company had three reportable segments. However, as a result of its sale in the third quarter of 2019, we have removed APAC as a separate operating segment and its results are presented as a discontinued operation in the accompanying condensed consolidated financial statements. Historical information has been retrospectively adjusted to reflect these changes. Please see Note 3, “ Discontinued Operations ,” for additional information. Horizon Americas - A market leader in the design, manufacture and distribution of a wide variety of high-quality, custom engineered towing, trailering and cargo management products and related accessories. These products are designed to support OEMs, OESs, aftermarket and retail customers in the agricultural, automotive, construction, industrial, marine, military, recreational vehicle, trailer and utility end markets. Products include brake controllers, cargo management, heavy-duty towing products, jacks and couplers, protection/securing systems, trailer structural and electrical components, tow bars, vehicle roof racks, vehicle trailer hitches and additional accessories. Horizon Europe‑Africa - With a product offering similar to Horizon Americas , Horizon Europe-Africa focuses its sales and manufacturing efforts in the Europe and Africa regions of the world. The following table presents the Company’s operating segment activity: Three months ended Nine months ended 2019 2018 2019 2018 (dollars in thousands) Net Sales Horizon Americas $ 96,220 $ 115,510 $ 300,670 $ 319,820 Horizon Europe-Africa 81,630 78,520 247,500 256,430 Total $ 177,850 $ 194,030 $ 548,170 $ 576,250 Operating Profit (Loss) Horizon Americas $ (2,230 ) $ 7,270 $ 5,760 $ 4,730 Horizon Europe-Africa 1,730 (31,370 ) 120 (132,150 ) Corporate (12,260 ) (5,800 ) (29,360 ) (28,950 ) Total $ (12,760 ) $ (29,900 ) $ (23,480 ) $ (156,370 )

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes At the end of each interim reporting period, the Company makes an estimate of the annual effective income tax rate. Tax items included in the annual effective income tax rate are pro-rated for the full year and tax items discrete to a specific quarter are included in the effective income tax rate for that quarter. Effective tax rates vary from period to period as separate calculations are performed for those countries where the Company's operations are profitable and whose results continue to be tax-effected and for those countries where full deferred tax valuation allowances exist and are maintained. In determining the estimated annual effective tax rate, the Company analyzes various factors, including but not limited to, forecasts of projected annual earnings, taxing jurisdictions in which the pretax income and/or pretax losses will be generated, available tax planning strategies and estimated domestic tax impacts attributable to the 2017 Tax Cuts and Jobs Act (the “Tax Act”). The effective income tax rate from continuing operations was 2.6% and 2.9% for the three and nine months ended September 30, 2019 , respectively. The difference between the effective tax rate and the U.S. statutory tax rate of 21% primarily relates to the valuation allowance recorded in the U.S. and several foreign jurisdictions, which results in no income tax benefit recognized for jurisdictional pretax losses. For the three and nine months ended September 30, 2018 , the effective income tax rates were 3.7% and 8.6% , respectively. As a result of the Company’s sale of APAC, the Company recorded $30.3 million tax expense, which is presented in income from discontinued operations, net of tax, in the accompanying condensed consolidated statements of operations for three and nine month ended September 30, 2019. During the third quarter of 2019, the Company recognized the benefit of a worthless stock deduction for one of its German subsidiaries. A tax benefit was recorded to fully offset the $30.3 million expense recognized on sale, which is presented in income from discontinued operations, net of tax, in the accompanying condensed consolidated statements of operations for three and nine month ended September 30, 2019. The Company believes that it is more likely than not that the Company will realize the income tax benefit of this worthless stock deduction in 2019, to the extent of tax expense associated with the Company’s sale of APAC. 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 whether, based on the weight of the evidence, a valuation allowance is necessary. Full valuation allowances against deferred tax assets in the U.S. and applicable foreign countries will be maintained until sufficient positive evidence exists to reduce or eliminate them. The factors considered by management in its determination of the probability of the realization of the deferred tax assets include, but are not limited to, recent historical financial results, historical taxable income, projected future taxable income, the expected timing of the reversals of existing temporary differences, tax planning strategies and projected future impacts attributable to the Tax Act. If, based upon the weight of available evidence, it is more likely than not the deferred tax assets will not be realized, a valuation allowance is recorded. As of September 30, 2019 , the Company believes that it is more likely than not that the recorded deferred tax assets will be realized. The Company has recently experienced pre-tax losses. If the Company continues to experience losses, management may determine a valuation allowance against certain of its deferred tax assets is necessary.

Other Expenses, Net

Other Expenses, Net	9 Months Ended
	Sep. 30, 2019
Other Income and Expenses [Abstract]
Other Expenses, Net	Other Expense, Net Other expense, net consists of the following components: Three months ended Nine months ended 2019 2018 2019 2018 (dollars in thousands) Loss on sale of business $ — $ — $ (3,630 ) $ — Foreign currency gain / (loss) (1,180 ) (530 ) (1,800 ) (1,070 ) Customer pay discounts (300 ) (610 ) (1,220 ) (1,400 ) Accretion arising from lease recovery (30 ) (50 ) (100 ) (200 ) Brazil acquisition indemnification asset — (290 ) — (1,410 ) Brink acquisition ticking fee — — — (5,130 ) Other (130 ) 440 140 1,800 Total $ (1,640 ) $ (1,040 ) $ (6,610 ) $ (7,410 )

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 30, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements Accounting pronouncements recently adopted In June 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-07, “Compensation - Stock Compensation (Topic 718)” (“ASU 2018-07”). ASU 2018-07 expands the scope of Accounting Standard Codification (“ASC”) 718 to include all share-based payment arrangements related to the acquisition of goods and services from both non-employees and employees. ASU 2018-07 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2018 with early adoption permitted. The Company adopted ASU 2018-07 on January 1, 2019, and there was no impact on the Company’s condensed consolidated financial statements. In August 2017, the FASB issued ASU 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities” (“ASU 2017-12”). ASU 2017-12 eliminates the requirement to separately measure and report hedge ineffectiveness and generally requires, for qualifying hedges, the entire change in the fair value of a hedging instrument to be presented in the same income statement line as the hedged item. The guidance also modifies the accounting for components excluded from the assessment of hedge effectiveness, eases documentation and assessment requirements and modifies certain disclosure requirements. ASU 2017-12 is effective for fiscal years beginning after December 15, 2018, including interim periods within those annual periods, with early adoption permitted and should be applied on a modified retrospective basis. The Company adopted ASU 2017-12 on January 1, 2019, and there was no impact on the Company’s condensed consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)” (“ASU 2016-02”), which supersedes the lease requirements in “Leases (Topic 840).” The objective of this update is to establish the principles that lessees and lessors shall apply to report useful information to users of financial statements about the amount, timing, and uncertainty of cash flows arising from a lease. Under this guidance, lessees are required to recognize on the balance sheet a lease liability and a right-of-use (“ROU”) asset for all leases, with the exception of short-term leases with terms of twelve months or less. The lease liability represents the lessee’s obligation to make lease payments arising from a lease and will be measured as the present value of the lease payments. The ROU asset represents the lessee’s right to use a specified asset for the lease term, and will be measured at the lease liability amount, adjusted for lease prepayment, lease incentives received and the lessee’s initial direct costs. The Company has elected the package of practical expedients, excluding the lease term hindsight, as permitted by the transition guidance. The Company has made an accounting policy election to exempt leases with an initial term of twelve months or less from balance sheet recognition. Instead, short-term leases will be expensed over the lease term. The Company adopted the standard on January 1, 2019, by applying the modified retrospective method without restatement of comparative periods' financial information, as permitted by the transition guidance. The standard had a material impact on the Company’s condensed consolidated balance sheet, but did not have a material impact on its condensed consolidated statements of operations and cash flows. The most significant impact was the recognition of ROU assets and lease liabilities for operating leases, while the Company’s accounting for finance leases remained substantially unchanged. See Note 12 “ Leases, ” for the impact of the adoption which resulted in the recognition of ROU assets and corresponding lease liabilities.

Discontinued Operations (Tables

Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Discontinued Operations	The following tables presents the Company’s assets and liabilities held for sale: December 31, 2018 (dollars in thousands) Assets Current assets: Receivables, net of allowance for doubtful accounts $ 13,170 Inventories 21,490 Prepaid expenses and other current assets 1,420 Total current assets 36,080 Non-current assets: Property and equipment, net 15,780 Goodwill 8,160 Other intangibles, net 8,650 Deferred income taxes 2,030 Other assets 170 Total non-current assets 34,790 Assets held-for-sale $ 70,870 Liabilities Current liabilities: Accounts payable $ 20,780 Accrued liabilities 7,300 Total current liabilities 28,080 Non-current liabilities: Deferred income taxes 1,530 Other long-term liabilities 210 Total non-current liabilities 1,740 Total liabilities held-for-sale $ 29,820 The following tables presents the Company’s results from discontinued operations: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (dollars in thousands) (dollars in thousands) Net sales $ 29,750 $ 33,810 $ 92,300 $ 101,760 Cost of sales (22,250 ) (24,720 ) (68,530 ) (76,250 ) Selling, general and administrative expenses (3,050 ) (3,130 ) (9,580 ) (10,510 ) Interest expense (80 ) (60 ) (310 ) (210 ) Other expense. net (210 ) (470 ) (400 ) (1,800 ) Income before income tax expense 4,160 5,430 13,480 12,990 Income tax expense (1,900 ) (1,320 ) (4,450 ) (3,320 ) Gain on sale of discontinued operations $ 180,490 $ — $ 180,490 $ — Income from discontinued operations, net of tax $ 182,750 $ 4,110 $ 189,520 $ 9,670

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Schedule of Net Sales Disaggregated by Major Sales Channels	The following tables present the Company’s net sales by major sales channel: Three Months Ended September 30, 2019 Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Net Sales Automotive OEM $ 21,050 $ 43,200 $ 64,250 Automotive OES 1,960 16,510 18,470 Aftermarket 26,920 19,840 46,760 Retail 26,600 — 26,600 Industrial 7,650 780 8,430 E-commerce 12,040 560 12,600 Other — 740 740 Total $ 96,220 $ 81,630 $ 177,850 Three Months Ended September 30, 2018 Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Net Sales Automotive OEM $ 20,320 $ 40,650 $ 60,970 Automotive OES 1,700 12,600 14,300 Aftermarket 38,470 19,980 58,450 Retail 29,600 — 29,600 Industrial 11,160 — 11,160 E-commerce 13,750 1,290 15,040 Other 510 4,000 4,510 Total $ 115,510 $ 78,520 $ 194,030 Nine Months Ended September 30, 2019 Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Net Sales Automotive OEM $ 64,970 $ 137,900 $ 202,870 Automotive OES 5,380 45,840 51,220 Aftermarket 79,910 56,200 136,110 Retail 88,230 — 88,230 Industrial 23,860 2,340 26,200 E-commerce 38,300 1,650 39,950 Other 20 3,570 3,590 Total $ 300,670 $ 247,500 $ 548,170 Nine Months Ended September 30, 2018 Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Net Sales Automotive OEM $ 60,320 $ 134,930 $ 195,250 Automotive OES 4,230 39,980 44,210 Aftermarket 96,700 65,180 161,880 Retail 96,330 — 96,330 Industrial 31,680 — 31,680 E-commerce 29,340 3,880 33,220 Other 1,220 12,460 13,680 Total $ 319,820 $ 256,430 $ 576,250

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying amount of goodwill for the nine months ended September 30, 2019 are summarized as follows: (dollars in thousands) Horizon Americas Balance at December 31, 2018 $ 4,500 Foreign currency translation (300 ) Balance at September 30, 2019 $ 4,200
Schedule of Intangible Assets (excluding Goodwill) by Major Class	The gross carrying amounts and accumulated amortization of the Company’s other intangibles are summarized as follows. As of Intangible Category by Useful Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount (dollars in thousands) Finite-lived intangible assets: Customer relationships (2 – 20 years) $ 162,940 $ (129,020 ) $ 33,920 Technology and other (3 – 15 years) 20,590 (14,630 ) 5,960 Trademark/Trade names (1 – 8 years) 150 (150 ) — Total finite-lived intangible assets 183,680 (143,800 ) 39,880 Trademark/Trade names, indefinite-lived 20,470 — 20,470 Total other intangible assets $ 204,150 $ (143,800 ) $ 60,350
Schedule of Finite-Lived Intangible Assets, Amortization Expense	Amortization expense related to intangible assets as included in the accompanying condensed consolidated statements of operations is summarized as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (dollars in thousands) Technology and other, included in cost of sales $ 260 $ 430 $ 980 $ 990 Customer relationships and Trademark/Trade names, included in selling, general and administrative expenses 1,410 1,600 3,820 4,650 Total amortization expense $ 1,670 $ 2,030 $ 4,800 $ 5,640

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories consist of the following components: September 30, December 31, (dollars in thousands) Finished goods $ 80,440 $ 89,000 Work in process 12,880 16,160 Raw materials 47,830 47,040 Total inventories $ 141,150 $ 152,200

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	9 Months Ended
	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment, net consists of the following components: September 30, December 31, (dollars in thousands) Land and land improvements $ 440 $ 460 Buildings 20,460 18,680 Machinery and equipment 120,840 121,230 141,740 140,370 Accumulated depreciation (63,070 ) (53,870 ) Property and equipment, net $ 78,670 $ 86,500
Depreciation Expense	Depreciation expense included in the accompanying condensed consolidated statements of operations is as follows: Three months ended Nine months ended (dollars in thousands) 2019 2018 2019 2018 (dollars in thousands) Depreciation expense, included in cost of sales $ 3,170 $ 2,960 $ 9,760 $ 8,630 Depreciation expense, included in selling, general and administrative expense 1,420 270 2,220 780 Total depreciation expense $ 4,590 $ 3,230 $ 11,980 $ 9,410

Accrued and Other Long-term L_2

Accrued and Other Long-term Liabilities (Tables)	9 Months Ended
	Sep. 30, 2019
Accrued Liabilities [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consist of the following components: September 30, December 31, (dollars in thousands) Customer incentives $ 12,700 $ 9,990 Customer claims 10,370 14,130 Accrued compensation 8,890 5,680 Accrued professional services 3,940 4,380 Restructuring 2,450 7,530 Deferred purchase price 750 3,400 Short-term tax liabilities 750 1,130 Cross currency swap — 1,610 Other 13,170 10,670 Total accrued liabilities $ 53,020 $ 58,520 Other long-term liabilities consist of the following components: September 30, December 31, (dollars in thousands) Long-term tax liabilities $ 6,220 $ 6,270 Deferred purchase price 2,440 30 Restructuring 1,980 2,580 Other 10,130 10,870 Total other long-term liabilities $ 20,770 $ 19,750

Long-term Debt (Tables)

Long-term Debt (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of Debt	The Company’s long-term debt consists of the following: September 30, December 31, (dollars in thousands) ABL Facility $ 19,660 $ 61,570 First Lien Term Loan 25,010 190,520 Second Lien Term Loan 55,060 — Convertible Notes 125,000 125,000 Bank facilities, capital leases and other long-term debt 14,470 18,990 Gross debt 239,200 396,080 Less: Current maturities, long-term debt 24,270 13,860 Gross long-term debt 214,930 382,220 Less: Unamortized debt issuance costs and original issuance discount on First Lien Term Loan 790 7,380 Unamortized debt issuance costs and discount on Second Lien Term Loan 13,800 — Unamortized debt issuance costs and discount on Convertible Notes 19,610 24,190 Unamortized debt issuance costs and discount 34,200 31,570 Long-term debt $ 180,730 $ 350,650

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The fair value carrying amount of the Company’s derivative instruments were recorded as follows: Asset / (Liability) Derivatives Balance Sheet Caption September 30, December 31, (dollars in thousands) Derivatives designated as hedging instruments Foreign currency forward contracts Prepaid expenses and other current assets $ 220 $ 1,910 Cross currency swap Accrued liabilities — (2,480 ) Total derivatives designated as hedging instruments 220 (570 ) Derivatives not designated as hedging instruments Foreign currency forward contracts Prepaid expenses and other current assets 100 70 Total derivatives de-designated as hedging instruments 100 70 Total derivatives $ 320 $ (500 )
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The following table summarizes the amount of gain recognized in AOCI on derivatives (net of tax): Amount of Gain Recognized in AOCI on Derivatives (net of tax) As of September 30, As of December 31, 2019 2018 (dollars in thousands) Derivatives classified as cash flow hedges: Foreign currency forward contracts $ 220 $ 1,870 Cross currency swap $ — $ 90 The following tables summarize the amounts reclassified from AOCI into earnings: Three months ended September 30, 2019 2018 Cost of sales Interest expense Cost of sales Interest expense (dollars in thousands) Total Amounts of Expense Line Items Presented in the Statement of Operations in Which the Effects of Cash Flow Hedges are Recorded $ (149,560 ) $ (24,120 ) $ (159,500 ) $ (7,590 ) Amount of Gain Reclassified from AOCI into Earnings Derivatives classified as cash flow hedges: Foreign currency forward contracts $ 350 $ — $ 440 $ — Cross currency swap $ — $ — $ — $ 780 Nine months ended September 30, 2019 2018 Cost of sales Interest expense Cost of sales Interest expense (dollars in thousands) Total Amounts of Expense Line Items Presented in the Statement of Operations in Which the Effects of Cash Flow Hedges are Recorded $ (460,010 ) $ (50,270 ) $ (472,120 ) $ (19,580 ) Amount of Gain Reclassified from AOCI into Earnings Derivatives classified as cash flow hedges: Foreign currency forward contracts $ 1,550 $ — $ 590 $ — Cross currency swap $ — $ 900 $ — $ 4,000
Fair Value Measurements, Recurring and Nonrecurring	Fair value measurements and the fair value hierarchy level for the Company’s assets and liabilities measured at fair value on a recurring basis as of September 30, 2019 and December 31, 2018 are shown below: Frequency Asset / (Liability) Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs (dollars in thousands) September 30, 2019 Foreign currency forward contracts Recurring $ 320 $ — $ 320 $ — December 31, 2018 Foreign currency forward contracts Recurring $ 1,980 $ — $ 1,980 $ — Cross currency swaps Recurring $ (2,480 ) $ — $ (2,480 ) $ —

Restructuring (Tables)

Restructuring (Tables)	9 Months Ended
	Sep. 30, 2019
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Liabilities	The following table provides a summary of the Company’s consolidated restructuring liabilities and related activity for each type of exit cost as of and for the nine months ended September 30, 2019 : Employee Costs Facility Closure and Other Costs Total (dollars in thousands) Balance at January 1, 2019 $ 4,990 $ 5,120 $ 10,110 Payments and other (1) (3,810 ) $ (1,870 ) (5,680 ) Balance at September 30, 2019 $ 1,180 $ 3,250 $ 4,430 (1) Other consists primarily of changes in the liability balance due to foreign currency translation in addition to reversals of charges.

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Schedule of Maturities of Lease Liabilities After Adoption of 842	Maturities of lease liabilities were as follows as of September 30, 2019 : Years ending December 31, Operating Leases (dollars in thousands) 2019 $ 4,990 2020 14,120 2021 13,180 2022 11,270 2023 9,000 2024 and thereafter 29,900 Total lease payments 82,460 Less imputed interest (21,720 ) Present value of lease liabilities $ 60,740
Schedule of Minimum Payments for Operating Leases Before Adoption of 842	Minimum payments for operating leases having initial or remaining non-cancellable lease terms in excess of one year at December 31, 2018 , under ASC 840, are summarized below. This historical information has been retrospectively adjusted to reflect the removal of discontinued operations. Discontinued operations are further discussed in Note 3, “ Discontinued Operations ”. December 31, Minimum Payments (dollars in thousands) 2019 $ 12,380 2020 11,350 2021 10,120 2022 7,350 2023 4,350 Thereafter 12,480 Total $ 58,030

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth the reconciliation of the numerator and the denominator of basic income (loss) per share attributable to Horizon Global and diluted income (loss) per share attributable to Horizon Global: Three months ended Nine months ended 2019 2018 2019 2018 (dollars in thousands, except share and per share data) Numerator: Net loss from continuing operations $ (37,500 ) $ (37,110 ) $ (78,030 ) $ (167,590 ) Income from discontinued operations, net of tax $ 182,750 $ 4,110 $ 189,520 $ 9,670 Less: Net loss attributable to noncontrolling interest $ (260 ) $ (240 ) $ (840 ) $ (720 ) Net income (loss) attributable to Horizon Global $ 145,510 $ (32,760 ) $ 112,330 $ (157,200 ) Denominator: Weighted average shares outstanding, basic 25,329,492 25,101,847 25,267,310 25,028,072 Dilutive effect of stock-based awards — — — — Weighted average shares outstanding, diluted 25,329,492 25,101,847 25,267,310 25,028,072 Basic income (loss) per share attributable to Horizon Global Continuing Operations $ (1.47 ) $ (1.47 ) $ (3.05 ) $ (6.67 ) Discontinued Operations $ 7.21 $ 0.16 $ 7.50 $ 0.39 Total $ 5.74 $ (1.31 ) $ 4.45 $ (6.28 ) Diluted income (loss) per share attributable to Horizon Global Continuing Operations $ (1.47 ) $ (1.47 ) $ (3.05 ) $ (6.67 ) Discontinued Operations $ 7.21 $ 0.16 $ 7.50 $ 0.39 Total $ 5.74 $ (1.31 ) $ 4.45 $ (6.28 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	A summary of these anti-dilutive common stock equivalents is provided in the table below: Three months ended Nine months ended 2019 2018 2019 2018 Number of options 53,321 220,726 61,184 285,538 Exercise price of options $9.20 - $11.29 $9.20 - $11.29 $9.20 - $11.29 $9.20 - $11.29 Restricted stock units 1,524,778 629,507 1,101,855 685,286 Convertible Notes 5,005,000 5,005,000 5,005,000 5,005,000 Convertible Notes warrants 5,005,000 5,005,000 5,005,000 5,005,000 Second Lien Term Loan warrants 6,545,479 — 3,671,607 —

Equity Awards (Tables)

Equity Awards (Tables)	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity	The following table summarizes Horizon stock option activity from December 31, 2018 to September 30, 2019 : Number of Stock Options Weighted Average Exercise Price Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding at December 31, 2018 92,967 $ 10.40 Granted — — Exercised — — Canceled, forfeited (39,646 ) 10.31 Expired — — Outstanding at September 30, 2019 53,321 $ 10.43 5.8 $ —
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	Changes in the number of restricted shares outstanding for the period ended September 30, 2019 were as follows: Number of Restricted Shares Weighted Average Grant Date Fair Value Outstanding at December 31, 2018 419,928 $ 9.75 Granted 1,527,322 3.46 Vested (145,981 ) 7.40 Canceled, forfeited (287,829 ) 4.02 Outstanding at September 30, 2019 1,513,440 $ 4.31

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2019
Other Comprehensive Income [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Changes in AOCI by component, net of tax, for the nine months ended September 30, 2019 are summarized as follows: Derivative Instruments Foreign Currency Translation Total (dollars in thousands) Balance at January 1, 2019 $ 1,960 $ 5,800 $ 7,760 Net unrealized gains arising during the period 730 (30 ) 700 Less: Net realized gains reclassified to net loss 2,450 — 2,450 Amounts reclassified from AOCI (20 ) (17,240 ) (17,260 ) Net current-period change (1,740 ) (17,270 ) (19,010 ) Balance at September 30, 2019 $ 220 $ (11,470 ) $ (11,250 ) Changes in AOCI by component, net of tax, for the nine months ended September 30, 2018 are summarized as follows: Derivative Instruments Foreign Currency Translation Total (dollars in thousands) Balance at January 1, 2018 $ (310 ) $ 10,880 $ 10,570 Net unrealized gains (losses) arising during the period (a) 6,850 (4,330 ) 2,520 Less: Net realized losses reclassified to net loss (b) 3,890 — 3,890 Net current-period change 2,960 (4,330 ) (1,370 ) Balance at September 30, 2018 $ 2,650 $ 6,550 $ 9,200 __________________________ (a) Derivative instruments, net of income tax expense of $(1.3) million . See Note 10 , “ Derivative Instruments ,” for further details.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The following table presents the Company’s operating segment activity: Three months ended Nine months ended 2019 2018 2019 2018 (dollars in thousands) Net Sales Horizon Americas $ 96,220 $ 115,510 $ 300,670 $ 319,820 Horizon Europe-Africa 81,630 78,520 247,500 256,430 Total $ 177,850 $ 194,030 $ 548,170 $ 576,250 Operating Profit (Loss) Horizon Americas $ (2,230 ) $ 7,270 $ 5,760 $ 4,730 Horizon Europe-Africa 1,730 (31,370 ) 120 (132,150 ) Corporate (12,260 ) (5,800 ) (29,360 ) (28,950 ) Total $ (12,760 ) $ (29,900 ) $ (23,480 ) $ (156,370 )

Other Expenses, Net (Tables)

Other Expenses, Net (Tables)	9 Months Ended
	Sep. 30, 2019
Other Income and Expenses [Abstract]
Schedule of Other Expense, Net	Other expense, net consists of the following components: Three months ended Nine months ended 2019 2018 2019 2018 (dollars in thousands) Loss on sale of business $ — $ — $ (3,630 ) $ — Foreign currency gain / (loss) (1,180 ) (530 ) (1,800 ) (1,070 ) Customer pay discounts (300 ) (610 ) (1,220 ) (1,400 ) Accretion arising from lease recovery (30 ) (50 ) (100 ) (200 ) Brazil acquisition indemnification asset — (290 ) — (1,410 ) Brink acquisition ticking fee — — — (5,130 ) Other (130 ) 440 140 1,800 Total $ (1,640 ) $ (1,040 ) $ (6,610 ) $ (7,410 )

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) - USD ($) $ in Thousands	Sep. 19, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net proceeds from sale of subsidiaries				$ 214,570	$ 0
Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of subsidiaries		$ 180,490	$ 0	$ 180,490	$ 0
Horizon Asia-Pacific | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net proceeds from sale of subsidiaries	$ 209,600
Gain on sale of subsidiaries	180,500
Cumulative translation adjustment reclassified to retained earnings	$ 17,300

Revenues - Schedule of Net Sale

Revenues - Schedule of Net Sales Disaggregated by Major Sales Channels (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Net sales	$ 177,850	$ 194,030	$ 548,170	$ 576,250
Automotive OEM
Disaggregation of Revenue [Line Items]
Net sales	64,250	60,970	202,870	195,250
Automotive OES
Disaggregation of Revenue [Line Items]
Net sales	18,470	14,300	51,220	44,210
Aftermarket
Disaggregation of Revenue [Line Items]
Net sales	46,760	58,450	136,110	161,880
Retail
Disaggregation of Revenue [Line Items]
Net sales	26,600	29,600	88,230	96,330
Industrial
Disaggregation of Revenue [Line Items]
Net sales	8,430	11,160	26,200	31,680
E-commerce
Disaggregation of Revenue [Line Items]
Net sales	12,600	15,040	39,950	33,220
Other
Disaggregation of Revenue [Line Items]
Net sales	740	4,510	3,590	13,680
Horizon Americas
Disaggregation of Revenue [Line Items]
Net sales	96,220	115,510	300,670	319,820
Horizon Americas | Automotive OEM
Disaggregation of Revenue [Line Items]
Net sales	21,050	20,320	64,970	60,320
Horizon Americas | Automotive OES
Disaggregation of Revenue [Line Items]
Net sales	1,960	1,700	5,380	4,230
Horizon Americas | Aftermarket
Disaggregation of Revenue [Line Items]
Net sales	26,920	38,470	79,910	96,700
Horizon Americas | Retail
Disaggregation of Revenue [Line Items]
Net sales	26,600	29,600	88,230	96,330
Horizon Americas | Industrial
Disaggregation of Revenue [Line Items]
Net sales	7,650	11,160	23,860	31,680
Horizon Americas | E-commerce
Disaggregation of Revenue [Line Items]
Net sales	12,040	13,750	38,300	29,340
Horizon Americas | Other
Disaggregation of Revenue [Line Items]
Net sales	0	510	20	1,220
Horizon Europe-Africa
Disaggregation of Revenue [Line Items]
Net sales	81,630	78,520	247,500	256,430
Horizon Europe-Africa | Automotive OEM
Disaggregation of Revenue [Line Items]
Net sales	43,200	40,650	137,900	134,930
Horizon Europe-Africa | Automotive OES
Disaggregation of Revenue [Line Items]
Net sales	16,510	12,600	45,840	39,980
Horizon Europe-Africa | Aftermarket
Disaggregation of Revenue [Line Items]
Net sales	19,840	19,980	56,200	65,180
Horizon Europe-Africa | Retail
Disaggregation of Revenue [Line Items]
Net sales	0	0	0	0
Horizon Europe-Africa | Industrial
Disaggregation of Revenue [Line Items]
Net sales	780	0	2,340	0
Horizon Europe-Africa | E-commerce
Disaggregation of Revenue [Line Items]
Net sales	560	1,290	1,650	3,880
Horizon Europe-Africa | Other
Disaggregation of Revenue [Line Items]
Net sales	$ 740	$ 4,000	$ 3,570	$ 12,460

Discontinued Operations - Sched

Discontinued Operations - Schedule of Results From Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations, net of tax	$ 182,750	$ 4,110	$ 189,520	$ 9,670
Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	29,750	33,810	92,300	101,760
Cost of sales	(22,250)	(24,720)	(68,530)	(76,250)
Selling, general and administrative expenses	(3,050)	(3,130)	(9,580)	(10,510)
Interest expense	(80)	(60)	(310)	(210)
Other expense. net	(210)	(470)	(400)	(1,800)
Income before income tax expense	4,160	5,430	13,480	12,990
Income tax expense	(1,900)	(1,320)	(4,450)	(3,320)
Gain on sale of discontinued operations	180,490	0	180,490	0
Income from discontinued operations, net of tax	$ 182,750	$ 4,110	$ 189,520	$ 9,670

Discontinued Operations - Sch_2

Discontinued Operations - Schedule of Assets and Liabilities Held For Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Total current assets	$ 0	$ 36,080
Non-current assets:
Total non-current assets	0	34,790
Current liabilities:
Total current liabilities	0	28,080
Non-current liabilities:
Total non-current liabilities	$ 0	1,740
Discontinued Operations, Held-for-sale [Member]
Current assets:
Receivables, net of allowance for doubtful accounts		13,170
Inventories		21,490
Prepaid expenses and other current assets		1,420
Total current assets		36,080
Non-current assets:
Property and equipment, net		15,780
Goodwill		8,160
Other intangibles, net		8,650
Deferred income taxes		2,030
Other assets		170
Total non-current assets		34,790
Assets held-for-sale		70,870
Current liabilities:
Accounts payable		20,780
Accrued liabilities		7,300
Total current liabilities		28,080
Non-current liabilities:
Deferred income taxes		1,530
Other long-term liabilities		210
Total non-current liabilities		1,740
Total liabilities held-for-sale		$ 29,820

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill Rollforward (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Goodwill [Roll Forward]
Balance at September 30, 2019	$ 4,200
Horizon Americas
Goodwill [Roll Forward]
Balance at December 31, 2018		$ 4,500
Foreign currency translation	(300)
Balance at September 30, 2019	$ 4,200

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Schedule of Intangible Assets (excluding Goodwill) by Major Class (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	$ 183,680	$ 188,870
Finite-lived intangible assets, accumulated amortization	(143,800)	(140,060)
Finite-lived intangible assets, net	39,880	48,810
Total other intangible assets, gross	204,150	209,460
Total other intangible assets, net	60,350	69,400
Trademarks and Trade Names
Intangible Assets, excluding Goodwill [Line Items]
Indefinite-lived intangible assets, gross carrying amount	20,470	20,590
Useful Life Two To Twenty Years | Customer Relationships
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	162,940	168,230
Finite-lived intangible assets, accumulated amortization	(129,020)	(124,510)
Finite-lived intangible assets, net	33,920	43,720
Useful Life Three to Fifteen Years | Technology and Other
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	20,590	20,490
Finite-lived intangible assets, accumulated amortization	(14,630)	(15,400)
Finite-lived intangible assets, net	5,960	5,090
Useful Life One To Eight Years | Trademarks and Trade Names
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	150	150
Finite-lived intangible assets, accumulated amortization	(150)	(150)
Finite-lived intangible assets, net	$ 0	$ 0
Minimum | Useful Life Two To Twenty Years | Customer Relationships
Intangible Assets, excluding Goodwill [Line Items]
Useful life of intangible assets	2 years
Minimum | Useful Life Three to Fifteen Years | Technology and Other
Intangible Assets, excluding Goodwill [Line Items]
Useful life of intangible assets	3 years
Minimum | Useful Life One To Eight Years | Trademarks and Trade Names
Intangible Assets, excluding Goodwill [Line Items]
Useful life of intangible assets	1 year
Maximum | Useful Life Two To Twenty Years | Customer Relationships
Intangible Assets, excluding Goodwill [Line Items]
Useful life of intangible assets	20 years
Maximum | Useful Life Three to Fifteen Years | Technology and Other
Intangible Assets, excluding Goodwill [Line Items]
Useful life of intangible assets	15 years
Maximum | Useful Life One To Eight Years | Trademarks and Trade Names
Intangible Assets, excluding Goodwill [Line Items]
Useful life of intangible assets	8 years

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Additional Information (Details) - Discontinued Operations, Disposed of by Sale - USD ($) $ in Thousands	Mar. 01, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Non-automotive business assets sold	$ 5,500
Note receivable included in sale of assets	500
Loss from sale of non-automotive business assets		$ (180,490)	$ 0	$ (180,490)	$ 0
Other Expense
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss from sale of non-automotive business assets	3,600
Customer Relationships
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Reduction of net intangible assets from sale	$ 3,000

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets - Schedule of Finite-Lived Intangible Assets, Amortization Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Amortization of Intangible Assets [Line Items]
Amortization of intangible assets	$ 1,670	$ 2,030	$ 4,800	$ 5,640
Cost of sales | Technology and Other
Amortization of Intangible Assets [Line Items]
Amortization of intangible assets	260	430	980	990
Selling, General and Administrative Expenses | Customer Relationships
Amortization of Intangible Assets [Line Items]
Amortization of intangible assets	$ 1,410	$ 1,600	$ 3,820	$ 4,650

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Finished goods	$ 80,440	$ 89,000
Work in process	12,880	16,160
Raw materials	47,830	47,040
Total inventories	$ 141,150	$ 152,200

Property and Equipment, Net - P

Property and Equipment, Net - Property and Equipment Table (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 141,740	$ 140,370
Less: Accumulated depreciation	(63,070)	(53,870)
Property and equipment, net	78,670	86,500
Land and land improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	440	460
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, gross	20,460	18,680
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 120,840	$ 121,230

Property and Equipment, Net - D

Property and Equipment, Net - Depreciation Expense Table (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Depreciation Expense [Line Items]
Depreciation expense	$ 4,590	$ 3,230	$ 11,980	$ 9,410
Cost of sales
Depreciation Expense [Line Items]
Depreciation expense	3,170	2,960	9,760	8,630
Selling, General and Administrative Expenses
Depreciation Expense [Line Items]
Depreciation expense	$ 1,420	$ 270	$ 2,220	$ 780

Accrued and Other Long-term L_3

Accrued and Other Long-term Liabilities - Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Accrued Liabilities [Abstract]
Customer incentives	$ 12,700	$ 9,990
Customer claims	10,370	14,130
Accrued compensation	8,890	5,680
Accrued professional services	3,940	4,380
Restructuring	2,450	7,530
Deferred purchase price	750	3,400
Short-term tax liabilities	750	1,130
Cross currency swap	0	1,610
Other	13,170	10,670
Total accrued liabilities	$ 53,020	$ 58,520

Accrued and Other Long-term L_4

Accrued and Other Long-term Liabilities - Long-term Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Accrued Liabilities [Abstract]
Long-term tax liabilities	$ 6,220	$ 6,270
Deferred purchase price	2,440	30
Restructuring	1,980	2,580
Other	10,130	10,870
Total other long-term liabilities	$ 20,770	$ 19,750

Long-term Debt - Debt Table (De

Long-term Debt - Debt Table (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Gross long-term debt	$ 239,200	$ 396,080
Current maturities, long-term debt	(24,270)	(13,860)
Gross long-term debt	214,930	382,220
Less: Unamortized debt issuance costs and discount	34,200	31,570
Long-term debt	180,730	350,650
ABL Facility [Member]
Debt Instrument [Line Items]
Gross long-term debt	19,660	61,570
First Lien Term Loan [Member]
Debt Instrument [Line Items]
Gross long-term debt	25,010	190,520
Less: Unamortized debt issuance costs and discount	790	7,380
Second Lien Term Loan [Member]
Debt Instrument [Line Items]
Gross long-term debt	55,060	0
Less: Unamortized debt issuance costs and discount	13,800	0
Convertible Notes Payable [Member]
Debt Instrument [Line Items]
Gross long-term debt	125,000	125,000
Less: Unamortized debt issuance costs and discount	19,610	24,190
Bank facilities, capital leases and other long-term debt [Member]
Debt Instrument [Line Items]
Gross long-term debt	$ 14,470	$ 18,990

Long-term Debt - ABL Facility (

Long-term Debt - ABL Facility (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Dec. 22, 2015
Debt Instrument [Line Items]
Gross long-term debt		$ 239,200,000		$ 239,200,000		$ 396,080,000
ABL Facility [Member]
Debt Instrument [Line Items]
Debt instrument, increase (decrease) in interest rate	1.00%
Line of Credit Facility, Maximum Borrowing Capacity	$ 90,000,000	80,000,000		80,000,000
Increase in existing block borrowing capacity		5,000,000		5,000,000
Total borrowing capacity		10,000,000		10,000,000
Debt Issuance Costs, Net		500,000		500,000
Amortization of debt issuance costs		300,000	$ 100,000	800,000	$ 400,000
Unamortized Debt Issuance Costs		2,000,000		2,000,000		800,000
Gross long-term debt		$ 19,660,000		$ 19,660,000		$ 61,570,000
Revolving Credit Facility, Weighted Average Interest Rate (as a percent)		7.00%		7.00%		4.40%
Total letters of credit outstanding		$ 7,800,000		$ 7,800,000		$ 3,400,000
Revolving Credit Facility, Remaining Borrowing Capacity		44,500,000		44,500,000		$ 10,300,000
U.S. Sub-facility [Member] | ABL Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity							$ 85,000,000
Canadian Sub-facility [Member] | ABL Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		2,000,000		2,000,000
UK Sub-facility [Member] | ABL Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 3,000,000		$ 3,000,000

Long-term Debt - First Lien Ter

Long-term Debt - First Lien Term Loans (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	May 07, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Repayments of Long-term Debt				$ 173,430,000	$ 6,490,000
Paid-in-kind interest				7,620,000	0
First Lien Term Loan [Member]
Debt Instrument [Line Items]
Debt Covenant, Minimum Liquidity						$ 100,000,000
Repayments of Long-term Debt	$ 172,900,000
Amortization of debt issuance costs		$ 1,700,000	$ 600,000	4,400,000	$ 1,400,000
Paid-in-kind interest				3,000,000
Term Loan, Aggregate Amount Outstanding	$ 25,000,000	$ 25,000,000		$ 25,000,000			$ 190,500,000
Debt Instrument, Interest Rate, Effective Percentage	8.09963%	8.09963%		8.09963%			8.80%
Unamortized Debt Issuance Costs and Discount	$ 5,200,000	$ 5,200,000		$ 5,200,000
First Lien Term Loan [Member] | Debt Instrument, Covenant One [Member]
Debt Instrument [Line Items]
Debt Covenant, Minimum Liquidity	$ 15,000,000	$ 15,000,000		$ 15,000,000
Secured Net Leverage Ratio	6	6		6
Debt Covenant, Maximum Capital Expenditures	$ 15,000,000	$ 15,000,000		$ 15,000,000
Debt Instrument, Paid In-Kind Interest Rate, Stated Percentage	3.00%	3.00%		3.00%
First Lien Term Loan [Member] | Debt Instrument, Covenant Two [Member]
Debt Instrument [Line Items]
Secured Net Leverage Ratio	6	6		6
Debt Covenant, Maximum Capital Expenditures	$ 25,000,000	$ 25,000,000		$ 25,000,000
First Lien Term Loan [Member] | Debt Instrument, Covenant Three [Member]
Debt Instrument [Line Items]
Secured Net Leverage Ratio	5	5		5
Selling, General and Administrative Expenses | First Lien Term Loan [Member]
Debt Instrument [Line Items]
Payments of Debt Issuance Costs				$ 700,000
Interest expense | First Lien Term Loan [Member]
Debt Instrument [Line Items]
Amortization of debt issuance costs		$ 5,200,000		$ 8,700,000

Long-term Debt - Senior Term Lo

Long-term Debt - Senior Term Loan Agreement (Details) - Senior Term Loan [Member] $ in Millions	1 Months Ended
	Feb. 28, 2019USD ($)
Debt Instrument [Line Items]
Debt Instrument, Face Amount	$ 10
Payments of Debt Issuance Costs	$ 0.5

Long-term Debt - Second Lien Te

Long-term Debt - Second Lien Term Loan (Details) - USD ($) $ in Thousands	Jun. 25, 2019	Mar. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2019	Sep. 30, 2018
Short-term Debt [Line Items]
Debt Instrument, Fair Value Disclosure					$ 40,300
Series A Preferred Stock, Fair Value Disclosure					5,300
Class Of Warrant Or Right, Fair Value Disclosure					$ 5,400
Number of warrants authorized to be issued (in shares)					6,250,000
Warrant term					5 years
Issued warrants (in shares)		3,601,902		3,601,902
Issuance of Warrants			$ 5,340	$ 5,380
Debt Discount, Related To Equity Portion					$ 10,700
Paid-in-kind interest					7,620	$ 0
Second Lien Term Loan [Member]
Short-term Debt [Line Items]
Debt Instrument, Face Amount					$ 51,000
Debt Instrument, Paid In-Kind Interest Rate, Stated Percentage					11.50%
Debt Instrument, Basis Spread on Variable Rate		10.50%
Debt Issuance Costs, Net		$ 1,000		$ 1,000	$ 3,800
Unamortized Debt Issuance Costs and Discount					13,800
Paid-in-kind interest					$ 4,600
Preferred Stock | Series A [Member]
Short-term Debt [Line Items]
Issued warrants (in shares)	90,667	90,667		90,667
Common Stock Warrants
Short-term Debt [Line Items]
Conversion of Stock, Shares Converted	2,952,248
Issuance of Warrants	$ 5,300		$ 5,340	$ 5,380

Long-term Debt - Convertible No

Long-term Debt - Convertible Notes (Details) - USD ($)	Feb. 01, 2017	Sep. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Gross long-term debt		$ 239,200,000	$ 396,080,000
ABL Facility [Member]
Debt Instrument [Line Items]
Gross long-term debt		19,660,000	61,570,000
Convertible Notes Payable [Member]
Debt Instrument [Line Items]
Gross long-term debt		$ 125,000,000	$ 125,000,000
Debt Instrument, Interest Rate, Stated Percentage	2.75%
Debt Instrument, Face Amount	$ 125,000,000
Convertible Preferred Stock, Shares Issued upon Conversion	5,005,000
Debt Instrument, Convertible, Conversion Price	$ 24.98
Convertible Note Hedge [Member]
Debt Instrument [Line Items]
Derivative, Cost of Hedge	$ 29,000,000
Derivative, Cost of Hedge Net of Cash Received	7,500,000
Equity Issuance Cost	700,000
Common Stock Warrants
Debt Instrument [Line Items]
Equity Issuance Cost	$ 600,000
Debt Conversion, Converted Instrument, Warrants or Options Issued	5,005,000
Debt Instrument, Convertible, Stock Price Trigger	$ 29.60
Proceeds from Issuance of Warrants	$ 21,500,000

Derivative Instruments - Deriva

Derivative Instruments - Derivative Narrative (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
Foreign Exchange Contract | Cash Flow Hedging [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 3.9
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimate of Time to Transfer	12 months
Designated as Hedging Instrument [Member] | Foreign Exchange Contract
Derivative [Line Items]
Amount of gain (loss) expected to be reclassified from AOCI into Earnings	$ 0.2

Derivative Instruments - Design

Derivative Instruments - Designated as hedging, Financial Position (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Derivatives, Fair Value [Line Items]
Total derivatives	$ 320	$ (500)
Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Total derivatives	220	(570)
Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Total derivatives	100	70
Foreign Exchange Contract | Designated as Hedging Instrument [Member] | Prepaid Expenses and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	220	1,910
Foreign Exchange Contract | Not Designated as Hedging Instrument [Member] | Prepaid Expenses and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives	100	70
Currency Swap | Designated as Hedging Instrument [Member] | Accrued Liabilities
Derivatives, Fair Value [Line Items]
Liability Derivatives	$ 0	$ (2,480)

Derivative Instruments - Gain (

Derivative Instruments - Gain (Loss) Reclassified from AOCI into Earnings (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Cost of sales	$ (149,560,000)	$ (159,500,000)	$ (460,010,000)	$ (472,120,000)
Interest expense	(24,120,000)	(7,590,000)	(50,270,000)	(19,580,000)
Foreign currency forward contracts | Cost of sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain Reclassified from AOCI into Earnings	350	440	1,550	590
Foreign currency forward contracts | Interest expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain Reclassified from AOCI into Earnings	0	0	0	0
Currency Swap | Cost of sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain Reclassified from AOCI into Earnings	0	0	0	0
Currency Swap | Interest expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain Reclassified from AOCI into Earnings	$ 0	$ 780	$ 900	$ 4,000

Derivative Instruments - Desi_2

Derivative Instruments - Designated as hedging, Financial Performance (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Cost of sales	$ 149,560	$ 159,500	$ 460,010	$ 472,120
Interest expense	24,120	7,590	50,270	19,580
Other expense, net	(1,640)	$ (1,040)	(6,610)	$ (7,410)
Designated as Hedging Instrument [Member] | Foreign currency forward contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain Recognized in AOCI on Derivatives (net of tax)	220		220		$ 1,870
Designated as Hedging Instrument [Member] | Currency Swap
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain Recognized in AOCI on Derivatives (net of tax)	$ 0		$ 0		$ 90

Derivative Instruments - Fair V

Derivative Instruments - Fair Value Measurements (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Foreign Exchange Contract | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	$ 0	$ 0
Foreign Exchange Contract | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	320	1,980
Foreign Exchange Contract | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	$ 0	0
Currency Swap | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability		0
Currency Swap | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability		2,480
Currency Swap | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Liability		$ 0

Restructuring - Restructuring R

Restructuring - Restructuring Reserve Rollforward (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Restructuring Reserve [Roll Forward]
Balance at January 1, 2019	$ 10,110
Payments and other(1)	(5,680)
Balance at September 30, 2019	4,430
Employee Costs
Restructuring Reserve [Roll Forward]
Balance at January 1, 2019	4,990
Payments and other(1)	(3,810)
Balance at September 30, 2019	1,180
Facility Closure and Other Costs
Restructuring Reserve [Roll Forward]
Balance at January 1, 2019	5,120
Payments and other(1)	(1,870)
Balance at September 30, 2019	3,250
Accrued Liabilities
Restructuring Reserve [Roll Forward]
Balance at September 30, 2019	2,400
Other Noncurrent Liabilities
Restructuring Reserve [Roll Forward]
Balance at September 30, 2019	$ 2,000

Restructuring - Additional Info

Restructuring - Additional Information (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	$ 4,430	$ 10,110
Accrued Liabilities
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	2,400
Other Noncurrent Liabilities
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	$ 2,000

Leases - Additional Information

Leases - Additional Information (Details) $ in Millions	1 Months Ended	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)
Lessee, Lease, Description [Line Items]
Renewal term for operating leases	5 years	5 years	5 years
Termination term			1 year
Operating lease cost		$ 4.3	$ 13.3
Operating cash flows from operating leases		4.6	14.3
Right-of-use assets obtained in exchange for operating lease obligations		$ 0.2	$ 15
Weighted average remaining lease term	6 years 8 months 12 days	6 years 8 months 12 days	6 years 8 months 12 days
Weighted average discount rate	8.70%	8.70%	8.70%
Selling, general and administrative expense from write off of right-of-use asset	$ 4.3
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term			1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term			12 years

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Lease Liabilities After Adoption of 842 (Details) $ in Thousands	Sep. 30, 2019USD ($)
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2019	$ 4,990
2020	14,120
2021	13,180
2022	11,270
2023	9,000
2024 and thereafter	29,900
Total lease payments	82,460
Less imputed interest	(21,720)
Present value of lease liabilities	$ 60,740

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Payments for Operating Leases Before Adoption of 842 (Details) $ in Thousands	Dec. 31, 2018USD ($)
Leases [Abstract]
2019	$ 12,380
2020	11,350
2021	10,120
2022	7,350
2023	4,350
Thereafter	12,480
Total	$ 58,030

Contingencies (Details)

Contingencies (Details) - USD ($) $ in Millions	Nov. 06, 2019	Sep. 30, 2019	Dec. 31, 2018
Loss Contingencies [Line Items]
Loss contingency liability		$ 8.6	$ 16.8
Asset recorded associated with loss contingency accrual		5	11.1
Loss contingency charges		4.3
Reduction in loss contingency accrual		$ 6.3
Minimum
Loss Contingencies [Line Items]
Estimate of possible loss			16.8
Maximum
Loss Contingencies [Line Items]
Estimate of possible loss			$ 20
Subsequent Event
Loss Contingencies [Line Items]
Loss contingency charges	$ 5.5
Reduction in loss contingency accrual	$ 4.3

Earnings per Share - Reconcilia

Earnings per Share - Reconciliation of Numerator and Denominator of Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share [Abstract]
Net loss from continuing operations	$ (37,500)	$ (37,110)		$ (78,030)	$ (167,590)
Income from discontinued operations, net of tax	182,750	4,110		189,520	9,670
Less: Net loss attributable to noncontrolling interest	(260)	(240)	$ (840)	(840)	(720)
Net income (loss) attributable to Horizon Global	$ 145,510	$ (32,760)		$ 112,330	$ (157,200)
Weighted average shares outstanding, basic (in shares)	25,329,492	25,101,847		25,267,310	25,028,072
Dilutive effect of stock-based awards (in shares)	0	0		0	0
Weighted average shares outstanding, diluted (in shares)	25,329,492	25,101,847		25,267,310	25,028,072
Basic income (loss) per share attributable to Horizon Global
Continuing operations (in dollars per share)	$ (1.47)	$ (1.47)		$ (3.05)	$ (6.67)
Discontinued operations (in dollars per share)	7.21	0.16		7.50	0.39
Total	5.74	(1.31)		4.45	(6.28)
Diluted income (loss) per share attributable to Horizon Global
Continuing operations (in dollars per share)	(1.47)	(1.47)		(3.05)	(6.67)
Discontinued operations (in dollars per share)	7.21	0.16		7.50	0.39
Total	$ 5.74	$ (1.31)		$ 4.45	$ (6.28)

Earnings per Share - Schedule o

Earnings per Share - Schedule of Antidilutive Securities (Details) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	53,321	220,726	61,184	285,538
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	1,524,778	629,507	1,101,855	685,286
Convertible Notes Payable [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	5,005,000	5,005,000	5,005,000	5,005,000
Convertible Notes Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	5,005,000	5,005,000	5,005,000	5,005,000
Common Stock Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	6,545,479	0	3,671,607	0
Minimum | Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Exercise price of options (in usd per share)	$ 9.20	$ 9.20	$ 9.20	$ 9.20
Maximum | Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Exercise price of options (in usd per share)	$ 11.29	$ 11.29	$ 11.29	$ 11.29

Equity Awards - Stock Options N

Equity Awards - Stock Options Narrative (Details)	Sep. 30, 2019shares
Horizon 2015 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares Authorized	4,350,000

Equity Awards - Stock Option Ac

Equity Awards - Stock Option Activity Table (Details)	9 Months Ended
	Sep. 30, 2019USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Beginning balance (in shares) | shares	92,967
Granted (in shares) | shares	0
Exercised (in shares) | shares	0
Canceled, forfeited (in shares) | shares	(39,646)
Expired (in shares) | shares	0
Ending balance (in shares) | shares	53,321
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Beginning balance (in usd per share) | $ / shares	$ 10.40
Granted (in usd per share) | $ / shares	0
Exercised (in usd per share) | $ / shares	0
Canceled, forfeited (in usd per share) | $ / shares	10.31
Expired (in usd per share) | $ / shares	0
Ending balance (in usd per share) | $ / shares	$ 10.43
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures
Average Remaining Contractual Life (Years)	5 years 10 months
Aggregate Intrinsic Value | $	$ 0

Equity Awards - Restricted Shar

Equity Awards - Restricted Shares Narrative (Details) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)$ / sharesRateshares	Sep. 30, 2018USD ($)$ / sharesRate	Dec. 31, 2018shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost | $	$ 4.1		$ 4.1
Restricted Stock And Performance Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			1,527,322		477,963
Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			1,527,322
Debt Instrument, Convertible, Threshold Consecutive Trading Days			20
Grant date fair value (in usd per share) | $ / shares			$ 3.46
Weighted-average period for recognition of the unrecognized unvested restricted shares-based compensation expense			2 years
Restricted shares-based compensation expense | $	$ 0.9	$ 0.1	$ 1.8	$ 1.5
Market-based restricted shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate (as a percent) | Rate			2.43%	2.34%
Expected stock volatility (as a percent) | Rate			84.10%	37.40%
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value (in usd per share) | $ / shares			$ 3.69	$ 7.08
Tranche One | Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			353,592		5,680
Tranche Two | Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			5,000		43,799
Tranche Three | Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			411,373		101,204
Tranche Four | Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			757,357		145,003
Tranche Five | Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)					43,416
Tranche Six | Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)					17,575
Tranche Seven | Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)					84,210
Tranche Eight | Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)					11,404
Tranche Nine | Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)					14,472
Tranche Ten | Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)					8,400
Tranche Eleven | Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)					2,800
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Percent attainment range | Rate			0.00%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Percent attainment range | Rate			200.00%

Equity Awards - Restricted Sh_2

Equity Awards - Restricted Shares Activity Table (Details) - Restricted Shares [Member]	9 Months Ended
	Sep. 30, 2019$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Beginning balance (in shares) | shares	419,928
Granted (in shares) | shares	1,527,322
Vested (in shares) | shares	(145,981)
Canceled, forfeited (in shares) | shares	(287,829)
Ending balance (in shares) | shares	1,513,440
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Beginning balance (in usd per share) | $ / shares	$ 9.75
Granted (in usd per share) | $ / shares	3.46
Vested (in usd per share) | $ / shares	7.40
Canceled, forfeited (in usd per share) | $ / shares	4.02
Ending balance (in usd per share) | $ / shares	$ 4.31

Shareholders' Equity - (Details

Shareholders' Equity - (Details) - USD ($) $ / shares in Units, $ in Thousands	Jun. 25, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock, authorized shares (in shares)		100,000,000						100,000,000		100,000,000
Preferred stock, par value (in dollars per share)		$ 0.01						$ 0.01		$ 0.01
Preferred stock, outstanding shares (in shares)		0						0		0
Common Stock, authorized shares (in shares)		400,000,000						400,000,000		400,000,000
Common stock, par value (in dollars per share)		$ 0.01						$ 0.01		$ 0.01
Common Stock, issued shares (in shares)		26,073,894						26,073,894		25,866,747
Common Stock, outstanding shares (in shares)		25,387,388						25,387,388		25,180,241
Number of warrants authorized to be issued (in shares)		6,250,000						6,250,000
Exercise price of warrants (in usd per share)		$ 1.50						$ 1.50
Issued warrants (in shares)				3,601,902
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		$ (88,320)	$ (85,980)	$ (66,220)	$ 15,080	$ 87,850	$ 140,400	$ (66,220)	$ 140,400
Total other comprehensive loss, net of tax		(1,760)	(130)	140	(40)	(6,090)	4,690	(1,750)	(1,440)
Ending balance		38,750	(88,320)	(85,980)	(17,830)	15,080	87,850	38,750	(17,830)
Other Comprehensive Income (Loss), Tax [Abstract]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax									(1,300)
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Tax									900
Derivative Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance				1,960			(310)	1,960	(310)
Net unrealized gains (losses) arising during the period								730	6,850
Less: Net realized gains (losses) reclassified to net loss								2,450	3,890
Amounts reclassified from AOCI								(20)
Total other comprehensive loss, net of tax								(1,740)	2,960
Ending balance		220			2,650			220	2,650
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance				5,800			10,880	5,800	10,880
Net unrealized gains (losses) arising during the period								(30)	(4,330)
Less: Net realized gains (losses) reclassified to net loss								0	0
Amounts reclassified from AOCI								(17,240)
Total other comprehensive loss, net of tax								(17,270)	(4,330)
Ending balance		(11,470)			6,550			(11,470)	6,550
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		7,770	7,900	7,760	9,240	15,250	10,570	7,760	10,570
Net unrealized gains (losses) arising during the period								700	2,520
Less: Net realized gains (losses) reclassified to net loss								2,450	3,890
Amounts reclassified from AOCI								(17,260)
Total other comprehensive loss, net of tax		(1,760)	(130)	140	(40)	(6,010)	4,680	(19,010)	(1,370)
Ending balance		$ (11,250)	7,770	7,900	9,200	9,240	15,250	$ (11,250)	9,200
Common Stock Warrants
Accumulated Other Comprehensive Income (Loss) [Line Items]
Common Stock, issued shares (in shares)		6,487,674						6,487,674		0
Common Stock, outstanding shares (in shares)		6,487,674						6,487,674		0
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		$ 10,720	5,380	0	0	0	0	$ 0	0
Ending balance		$ 10,720	$ 10,720	$ 5,380	$ 0	$ 0	$ 0	$ 10,720	$ 0
Other Comprehensive Income (Loss), Tax [Abstract]
Conversion of Stock, Shares Converted	2,952,248
Class of Warrant or Right, Outstanding		6,487,674						6,487,674
Series A [Member] | Preferred Stock
Accumulated Other Comprehensive Income (Loss) [Line Items]
Issued warrants (in shares)	90,667			90,667

Segment Information (Details)

Segment Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)segment	Sep. 30, 2018USD ($)
Segment Reporting [Abstract]
Number of Reportable Segments | segment			2
Segment Reporting Information [Line Items]
Net sales	$ 177,850	$ 194,030	$ 548,170	$ 576,250
Operating Profit (Loss)	(12,760)	(29,900)	(23,480)	(156,370)
Horizon Americas
Segment Reporting Information [Line Items]
Net sales	96,220	115,510	300,670	319,820
Horizon Europe-Africa
Segment Reporting Information [Line Items]
Net sales	81,630	78,520	247,500	256,430
Operating Segments [Member] | Horizon Americas
Segment Reporting Information [Line Items]
Net sales	96,220	115,510	300,670	319,820
Operating Profit (Loss)	(2,230)	7,270	5,760	4,730
Operating Segments [Member] | Horizon Europe-Africa
Segment Reporting Information [Line Items]
Net sales	81,630	78,520	247,500	256,430
Operating Profit (Loss)	1,730	(31,370)	120	(132,150)
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Operating Profit (Loss)	$ (12,260)	$ (5,800)	$ (29,360)	$ (28,950)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Effective Income Tax Rate (as a percent)	2.60%	3.70%	2.90%	8.60%
Tax benefit recorded to fully offset tax expense recognized on sale	$ 30.3		$ 30.3

Other Expenses, Net (Details)

Other Expenses, Net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Other Income and Expenses [Abstract]
Loss on sale of business	$ 0	$ 0	$ (3,630)	$ 0
Foreign currency gain / (loss)	(1,180)	(530)	(1,800)	(1,070)
Customer pay discounts	(300)	(610)	(1,220)	(1,400)
Accretion arising from lease recovery	(30)	(50)	(100)	(200)
Brazil acquisition indemnification asset	0	(290)	0	(1,410)
Brink acquisition ticking fee	0	0	0	(5,130)
Other	(130)	440	140	1,800
Total	$ (1,640)	$ (1,040)	$ (6,610)	$ (7,410)