Horizon Global (HZN) 10-Q 5 Nov 20 2020 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2020	Nov. 02, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	001-37427
Entity Registrant Name	HORIZON GLOBAL CORP
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-3574483
Entity Address, Address Line One	47912 Halyard Drive
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	Plymouth
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	48170
City Area Code	734
Local Phone Number	656-3000
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	HZN
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		26,219,232
Entity Central Index Key	0001637655
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 39,810	$ 11,770
Restricted cash	5,840	0
Receivables, net	106,650	71,680
Inventories	107,120	136,650
Prepaid expenses and other current assets	9,910	8,570
Total current assets	269,330	228,670
Property and equipment, net	73,670	75,830
Operating lease right-of-use assets	47,380	45,770
Goodwill	3,120	4,350
Other intangibles, net	56,510	60,120
Deferred income taxes	390	430
Other assets	7,630	5,870
Total assets	458,030	421,040
Current liabilities:
Short-term borrowings and current maturities, long-term debt	8,740	4,310
Accounts payable	97,170	78,450
Short-term operating lease liabilities	11,750	9,880
Accrued liabilities	59,890	48,850
Total current liabilities	177,550	141,490
Gross long-term debt	259,020	236,550
Unamortized debt issuance costs and discount	(23,380)	(31,500)
Long-term debt	235,640	205,050
Deferred income taxes	3,400	4,040
Long-term operating lease liabilities	48,070	48,070
Other long-term liabilities	15,460	13,790
Total liabilities	480,120	412,440
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; 26,902,439 shares issued and 26,215,933 outstanding at September 30, 2020, and 26,073,894 shares issued and 25,387,388 outstanding at December 31, 2019	260	250
Common stock warrants exercisable for 5,993,539 and 6,487,674 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively	9,800	10,610
Paid-in capital	165,910	163,240
Treasury stock, at cost: 686,506 shares at September 30, 2020 and December 31, 2019	(10,000)	(10,000)
Accumulated deficit	(173,120)	(141,970)
Accumulated other comprehensive loss	(10,190)	(9,790)
Total Horizon Global shareholders' (deficit) equity	(17,340)	12,340
Noncontrolling interest	(4,750)	(3,740)
Total shareholders' (deficit) equity	(22,090)	8,600
Total liabilities and shareholders' equity	$ 458,030	$ 421,040

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2020	Dec. 31, 2019
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)	26,902,439	26,073,894
Common Stock, outstanding shares (in shares)	26,215,933	25,387,388
Issued warrants (in shares)	5,993,539	6,487,674
Class of Warrant or Right, Outstanding	5,993,539	6,487,674
Treasury stock, shares (in shares)	686,506	686,506

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Statement [Abstract]
Net sales	$ 201,630	$ 177,850	$ 485,370	$ 548,170
Cost of sales	(158,260)	(149,560)	(397,700)	(460,010)
Gross profit	43,370	28,290	87,670	88,160
Selling, general and administrative expenses	(34,820)	(41,100)	(93,680)	(113,140)
Net gain (loss) on dispositions of property and equipment	10	50	(80)	1,500
Operating profit (loss)	8,560	(12,760)	(6,090)	(23,480)
Other income (expense), net	690	(1,640)	(1,430)	(6,610)
Interest expense	(7,560)	(24,120)	(23,970)	(50,270)
Income (loss) from continuing operations before income tax	1,690	(38,520)	(31,490)	(80,360)
Income tax (expense) benefit	(100)	1,020	(170)	2,330
Net income (loss) from continuing operations	1,590	(37,500)	(31,660)	(78,030)
Income (loss) from discontinued operations, net of tax	0	182,750	(500)	189,520
Net income (loss)	1,590	145,250	(32,160)	111,490
Less: Net loss attributable to noncontrolling interest	(340)	(260)	(1,010)	(840)
Net income (loss) attributable to Horizon Global	$ 1,930	$ 145,510	$ (31,150)	$ 112,330
Basic:
Continuing operations (in dollars per share)	$ 0.07	$ (1.47)	$ (1.19)	$ (3.05)
Discontinued operations (in dollars per share)	0	7.21	(0.02)	7.50
Total	0.07	5.74	(1.21)	4.45
Diluted:
Continuing operations (in dollars per share)	0.06	(1.47)	(1.19)	(3.05)
Discontinued operations (in dollars per share)	0	7.21	(0.02)	7.50
Total	$ 0.06	$ 5.74	$ (1.21)	$ 4.45
Weighted average common shares outstanding:
Basic (in shares)	25,939,741	25,329,492	25,651,789	25,267,310
Diluted (in shares)	33,329,106	25,329,492	25,651,789	25,267,310

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 1,590	$ 145,250	$ (32,160)	$ 111,490
Other comprehensive income (loss), net of tax:
Foreign currency translation and other	1,900	(1,320)	(400)	(30)
Derivative instruments	0	(440)	0	(1,720)
Total other comprehensive income (loss), net of tax	1,900	(1,760)	(400)	(1,750)
Total comprehensive income (loss)	3,490	143,490	(32,560)	109,740
Less: Comprehensive loss attributable to noncontrolling interest	(340)	(250)	(1,010)	(830)
Comprehensive income (loss) attributable to Horizon Global	3,830	143,740	(31,550)	110,570
Net sales	$ 201,630	$ 177,850	$ 485,370	$ 548,170

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash Flows from Operating Activities:
Net income (loss)	$ (32,160)	$ 111,490
Less: (Loss) income from discontinued operations	(500)	189,520
Net loss from continuing operations	(31,660)	(78,030)
Adjustments to reconcile net loss from continuing operations to net cash provided by (used for) operating activities:
Net loss (gain) on dispositions of property and equipment	80	(1,500)
Depreciation	11,110	11,980
Amortization of intangible assets	5,040	4,800
Write off of operating lease assets	0	4,250
Amortization of original issuance discount and debt issuance costs	11,450	18,570
Deferred income taxes	(820)	(3,390)
Non-cash compensation expense	2,190	1,790
Paid-in-kind interest	6,280	7,620
Increase in receivables	(35,170)	(4,680)
Decrease in inventories	30,100	1,920
Increase in prepaid expenses and other assets	(4,080)	(2,770)
Increase (decrease) in accounts payable and accrued liabilities	29,800	(15,560)
Other, net	(130)	(10,800)
Net cash provided by (used for) operating activities for continuing operations	24,190	(65,800)
Cash Flows from Investing Activities:
Capital expenditures	(8,090)	(8,460)
Net proceeds from sale of business	0	214,570
Net proceeds from disposition of property and equipment	70	1,470
Net cash (used for) provided by investing activities for continuing operations	(8,020)	207,580
Cash Flows from Financing Activities:
Proceeds from borrowings on credit facilities	6,440	13,780
Repayments of borrowings on credit facilities	(3,330)	(6,520)
Proceeds from Second Lien Term Loan, net of issuance costs	0	35,520
Repayments of borrowings on First Lien Term Loan, inclusive of transaction costs	0	(173,430)
Proceeds from Revolving Credit Facility, net of issuance costs	54,680	0
Repayments of borrowings on Revolving Credit Facility	(28,300)	0
Proceeds from ABL revolving debt, net of issuance costs	8,000	68,790
Repayments of borrowings on ABL revolving debt	(27,920)	(112,510)
Proceeds from Paycheck Protection Program Loan	8,670	0
Proceeds from issuance of Series A Preferred Stock	0	5,340
Proceeds from issuance of Warrants	0	5,380
Other, net	(320)	(10)
Net cash provided by (used for) financing activities for continuing operations	17,920	(163,660)
Discontinued Operations:
Net cash used for discontinued investing activities	(500)	11,430
Net cash used for discontinued investing activities	0	(1,120)
Net cash provided by discontinued financing activities	0	0
Net cash (used for) provided by discontinued operations	(500)	10,310
Effect of exchange rate changes on cash, cash equivalents and restricted cash	290	280
Increase (decrease) for the period	33,880	(11,290)
At beginning of period	11,770	27,650
At end of period	45,650	16,360
Supplemental disclosure of cash flow information:
Cash paid for interest	4,990	19,730
Cash paid for taxes, net of refunds	$ 990	$ 480

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' Equity (Deficit)	Noncontrolling Interest
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 (loss), net of tax	140						140	140
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 (loss), 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 (loss), 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 (loss), 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)
Beginning balance at Dec. 31, 2019	8,600	250	10,610	163,240	(10,000)	(141,970)	(9,790)	12,340	(3,740)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(17,030)					(16,740)		(16,740)	(290)
Other comprehensive income (loss), net of tax	(4,340)						(4,340)	(4,340)
Shares surrendered upon vesting of employees share based payment awards to cover tax obligations	(60)			(60)				(60)
Non-cash compensation expense	420			420				420
Ending balance at Mar. 31, 2020	(12,410)	250	10,610	163,600	(10,000)	(158,710)	(14,130)	(8,380)	(4,030)
Beginning balance at Dec. 31, 2019	8,600	250	10,610	163,240	(10,000)	(141,970)	(9,790)	12,340	(3,740)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(32,160)
Other comprehensive income (loss), net of tax	(400)						(400)
Ending balance at Sep. 30, 2020	(22,090)	260	9,800	165,910	(10,000)	(173,120)	(10,190)	(17,340)	(4,750)
Beginning balance at Mar. 31, 2020	(12,410)	250	10,610	163,600	(10,000)	(158,710)	(14,130)	(8,380)	(4,030)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(16,720)					(16,340)		(16,340)	(380)
Other comprehensive income (loss), net of tax	2,040						2,040	2,040
Shares surrendered upon vesting of employees share based payment awards to cover tax obligations	50			50				50
Non-cash compensation expense	900			900				900
Ending balance at Jun. 30, 2020	(26,140)	250	10,610	164,550	(10,000)	(175,050)	(12,090)	(21,730)	(4,410)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	1,590					1,930		1,930	(340)
Other comprehensive income (loss), net of tax	1,900						1,900	1,900
Shares surrendered upon vesting of employees share based payment awards to cover tax obligations	(310)			(310)				(310)
Non-cash compensation expense	870			870				870
Exercise of stock warrants	0	10	(810)	800				0
Ending balance at Sep. 30, 2020	$ (22,090)	$ 260	$ 9,800	$ 165,910	$ (10,000)	$ (173,120)	$ (10,190)	$ (17,340)	$ (4,750)

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	9 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Basis of Presentation	Nature of Operations and Basis of Presentation Horizon Global Corporation and its consolidated subsidiaries (“Horizon,” “Horizon Global,” “we,” or the “Company”) are 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”) in 2019, 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 US 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, 2019. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States (“US 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. US GAAP requires us to make certain estimates, judgments, and assumptions. Management believes that the estimates, judgments, and assumptions made when accounting for items and matters such as, but not limited to, the allowance for doubtful accounts, sales incentives, sales returns, impairment assessments, recoverability of long-lived assets, income taxes (including deferred taxes and uncertain tax positions), share-based compensation, the assessment of lower of cost or net realizable value on inventory, useful lives assigned to long-lived assets, and depreciation and amortization, are reasonable based on information available at the time they are made. To the extent there are differences between these estimates and actual results, our consolidated financial statements may be materially affected.

New Accounting Pronouncements

New Accounting Pronouncements	9 Months Ended
	Sep. 30, 2020
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements New accounting pronouncements not yet adopted In August 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-06, “ Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity ” (“ASU 2020-06”). ASU 2020-06 simplifies the accounting for convertible instruments by removing certain separation models in Accounting Standards Codification (“ASC”) 470-20, “ Debt—Debt with Conversion and Other Options ,” for convertible instruments. Under ASU 2020-06, the embedded conversion features no longer are separated from the host contract for convertible instruments with conversion features that are not required to be accounted for as derivatives under ASC 815, “ Derivatives and Hedging ,” or that do not result in substantial premiums accounted for as paid-in capital. For smaller reporting companies, ASU 2020-06 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2023, with early adoption permitted for fiscal years beginning after December 15, 2020. We are currently assessing the impact of this update on the Company’s condensed consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, “ Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting ” (“ASU 2020-04”). ASU 2020-04 provides temporary optional guidance to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. The relief provided by this guidance is elective and applies to all entities, subject to meeting certain criteria, that have contracts, hedging relationships, and other transactions that reference the London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued because of reference rate reform initiatives being undertaken in an effort to identify alternative reference rates that are more observable or transaction based and less susceptible to manipulation. The optional amendments of this guidance are effective for all entities upon adoption . We are currently assessing the impact of this update on the Company’s condensed consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, “ Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ” (“ASU 2016-13”). ASU 2016-13 replaces the current incurred loss model guidance with a new method that reflects expected credit losses. Under this guidance, an entity would recognize an impairment allowance equal to its estimate of expected credit losses on financial assets measured at amortized cost. In November 2019, the FASB extended the effective date of ASU 2016-13 for smaller reporting companies. As a result, ASU 2016-13 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2022, with early adoption permitted. The standard is not expected to have a significant impact on the Company's condensed consolidated financial statements.

Discontinued Operations

Discontinued Operations	9 Months Ended
	Sep. 30, 2020
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 income taxes line of the consolidated statement of operations for the year ended December 31, 2019, refer to Note 4, Discontinued Operations, in our Annual Report on Form 10-K for the year ended December 31, 2019. In the first quarter of 2020, the remaining post-closing conditions of the sale were completed, including a true up to net cash proceeds, for which we recognized a loss on sale of discontinued operations of $0.5 million. The following table presents the Company’s results from discontinued operations for the three and nine months ended September 30, 2019: Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 (dollars in thousands) Net sales $ 29,750 $ 92,300 Cost of sales (22,250) (68,530) Selling, general and administrative expenses (3,050) (9,580) Other expense, net (210) (400) Interest expense (80) (310) Income before income tax expense 4,160 13,480 Income tax expense (1,900) (4,450) Gain on sale of discontinued operations $ 180,490 $ 180,490 Income from discontinued operations, net of tax $ 182,750 $ 189,520

Revenues

Revenues	9 Months Ended
	Sep. 30, 2020
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 segment and disaggregated by major sales channel for the three and nine months ended September 30, 2020 and 2019: Three Months Ended September 30, 2020 Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Net Sales Automotive OEM $ 24,010 $ 42,400 $ 66,410 Automotive OES 2,980 13,820 16,800 Aftermarket 35,390 24,360 59,750 Retail 34,290 — 34,290 Industrial 7,230 550 7,780 E-commerce 15,240 630 15,870 Other — 730 730 Total $ 119,140 $ 82,490 $ 201,630 Three Months Ended September 30, 2019 Horizon Americas Horizon 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 Nine Months Ended September 30, 2020 Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Net Sales Automotive OEM $ 53,880 $ 104,420 $ 158,300 Automotive OES 5,330 34,000 39,330 Aftermarket 84,440 56,750 141,190 Retail 80,690 — 80,690 Industrial 20,120 1,210 21,330 E-commerce 41,120 1,290 42,410 Other 50 2,070 2,120 Total $ 285,630 $ 199,740 $ 485,370 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

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets During the nine months ended September 30, 2020, the Company experienced a decline in its current and projected future operating and financial performance as well as pressure on its near-term financial forecasts as a result of the coronavirus (“COVID-19”) pandemic and the related wide-ranging actions taken by international, federal, state, and local public health and governmental authorities to combat the pandemic and spread of COVID-19 in regions across the United States and the world. These actions included quarantines, social distancing and “stay-at-home” orders, travel restrictions, mandatory business closures, and other mandates that have substantially restricted individuals’ daily activities and curtailed or ceased many businesses’ normal operations. In response to the pandemic and these actions, we had adhered to geographical government shutdowns and operating restrictions for our facilities, which resulted in an adverse impact to our business and financial performance in 2020, as well as on our near-term projected financial performance. Due to the impact of the COVID-19 pandemic, the Company identified an indicator of impairment on its goodwill and indefinite-lived intangible assets in its Horizon Americas reporting unit and on its indefinite-lived intangible assets in its Horizon Europe-Africa reporting unit in the first quarter of 2020. As a result of the indicator, the Company performed an interim quantitative impairment assessment of the goodwill recorded for the Horizon Americas reporting unit as of March 31, 2020, by considering the market and income approaches. The results of the quantitative analysis performed indicated the fair value of the reporting unit exceeded the carrying value. Key assumptions used in the analysis were a discount rate of 14.0%, Adjusted EBITDA (as defined below) margin and a terminal growth rate of 3.0%. The primary driver in the reduction of the fair value of the reporting unit was a reduction of expected future cash flows during the remainder of 2020 as the full impact of the COVID-19 pandemic remains uncertain. Future events and changing market conditions, including operating restrictions may, however, lead the Company to re-evaluate the assumptions that have been used to test for goodwill impairment, including key assumptions used in the expected Adjusted EBITDA margins, cash flows and discount rate, as well as other assumptions with respect to matters outside of the Company’s control, such as currency rates and the aforementioned geographical government shutdowns and operating restrictions. Adjusted EBITDA is defined as net income attributable to Horizon Global before interest expense, income taxes, depreciation and amortization, and before certain items, as applicable, such as severance, restructuring, relocation and related business disruption costs, impairment of goodwill and other intangibles, non-cash stock compensation, certain product liability recall and litigation claims, acquisition and integration costs, gains (losses) on business divestitures and other assets, board transition support and non-cash unrealized foreign currency remeasurement costs. In addition, as a result of the indicator of impairment identified, the Company performed an interim impairment assessment of its indefinite-lived intangible assets as of March 31, 2020 in the Horizon Americas and Horizon Europe-Africa operating segments. Based on the results of our analyses, the estimated fair values of the trade names exceeded the carrying values. Key assumptions used in the analyses were a discount rate of 14.5% and royalty rates ranging from 0.5% to 1.9%. The Company continues to assess the impact of the COVID-19 pandemic on its business and financial performance and monitor for any other indicators of potential impairment. Changes in the carrying amount of goodwill for the nine months ended September 30, 2020 are summarized as follows: Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Balance at December 31, 2019 $ 4,350 $ — $ 4,350 Foreign currency translation (1,230) — (1,230) Balance at September 30, 2020 $ 3,120 $ — $ 3,120 The gross carrying amounts and accumulated amortization of the Company’s other intangible assets 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) $ 164,650 $ (133,670) $ 30,980 Technology and other (3 – 15 years) 22,140 (17,890) 4,250 Trademark/Trade names (1 – 8 years) 150 (150) — Total finite-lived intangible assets 186,940 (151,710) 35,230 Trademark/Trade names, indefinite-lived 21,280 — 21,280 Total other intangible assets $ 208,220 $ (151,710) $ 56,510 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) $ 164,150 $ (129,310) $ 34,840 Technology and other (3 – 15 years) 21,420 (17,260) 4,160 Trademark/Trade names (1 – 8 years) 150 (150) — Total finite-lived intangible assets 185,720 (146,720) 39,000 Trademark/Trade names, indefinite-lived 21,120 — 21,120 Total other intangible assets $ 206,840 $ (146,720) $ 60,120 On March 1, 2019, the Company entered into an agreement of sale of certain business assets in its Horizon 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 as follows: Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 (dollars in thousands) Technology and other, included in cost of sales $ 280 $ 260 $ 950 $ 980 Customer relationships and Trademark/Trade names, included in selling, general and administrative expenses 1,330 1,410 4,090 3,820 Total amortization expense $ 1,610 $ 1,670 $ 5,040 $ 4,800

Inventories

Inventories	9 Months Ended
	Sep. 30, 2020
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following components: September 30, December 31, (dollars in thousands) Finished goods $ 50,120 $ 82,080 Work in process 14,220 12,820 Raw materials 42,780 41,750 Total inventories $ 107,120 $ 136,650

Property and Equipment, Net

Property and Equipment, Net	9 Months Ended
	Sep. 30, 2020
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 $ 490 $ 470 Buildings 21,800 21,290 Machinery and equipment 130,000 121,740 152,290 143,500 Accumulated depreciation (78,620) (67,670) Property and equipment, net $ 73,670 $ 75,830 Depreciation expense included in the accompanying condensed consolidated statements of operations is as follows: Three Months Ended Nine Months Ended 2020 2019 2020 2019 (dollars in thousands) Depreciation expense, included in cost of sales $ 3,920 $ 3,170 $ 10,330 $ 9,760 Depreciation expense, included in selling, general and administrative expenses 90 1,420 780 2,220 Total depreciation expense $ 4,010 $ 4,590 $ 11,110 $ 11,980

Accrued and Other Long-term Lia

Accrued and Other Long-term Liabilities	9 Months Ended
	Sep. 30, 2020
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 $ 18,960 $ 14,270 Accrued compensation 12,000 6,760 Customer claims 3,760 7,540 Short-term tax liabilities 2,530 90 Accrued professional services 1,360 4,790 Deferred purchase price 1,160 790 Restructuring 900 2,340 Other 19,220 12,270 Total accrued liabilities $ 59,890 $ 48,850 Other long-term liabilities consist of the following components: September 30, December 31, (dollars in thousands) Deferred purchase price $ 1,870 $ 2,370 Restructuring 1,270 1,600 Long-term tax liabilities 360 340 Other 11,960 9,480 Total other long-term liabilities $ 15,460 $ 13,790

Long-term Debt

Long-term Debt	9 Months Ended
	Sep. 30, 2020
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) Revolving Credit Facility $ 28,690 $ — ABL Facility — 20,020 Replacement Term Loan 87,580 — First Lien Term Loan — 25,210 Second Lien Term Loan — 56,960 Convertible Notes 125,000 125,000 Paycheck Protection Program Loan 8,670 — Bank facilities, capital leases and other long-term debt 17,820 13,670 Gross debt 267,760 240,860 Less: Current maturities, long-term debt 8,740 4,310 Gross long-term debt 259,020 236,550 Less: Unamortized debt issuance costs and original issuance discount on Replacement Term Loan 10,260 — Unamortized debt issuance costs and original issuance discount on First Lien Term Loan — 700 Unamortized debt issuance costs and discount on Second Lien Term Loan — 12,730 Unamortized debt issuance costs and discount on Convertible Notes 13,120 18,070 Unamortized debt issuance costs and discount 23,380 31,500 Long-term debt $ 235,640 $ 205,050 ABL Facility On December 22, 2015, the Company entered into an Amended and Restated Loan Agreement among the Company, Horizon Global Americas Inc. (“HGA”), Cequent UK Limited, Cequent Towing Products of Canada Ltd. (“Cequent Towing”), certain other subsidiaries of the Company party thereto as guarantors, the lenders party thereto and Bank of America, N.A., as agent for the lenders (the “ABL Loan Agreement”), under which the lenders party thereto agreed to provide the Company and certain of its subsidiaries with a committed asset-based revolving credit facility (the “ABL Facility”) providing for revolving loans up to an aggregate principal amount of $99.0 million. The ABL Facility consisted of (i) a US sub-facility, in an aggregate principal amount of up to $85.0 million (subject to availability under a US-specific borrowing base), (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), and (iii) a UK sub-facility in an aggregate principal amount of up to $3.0 million (subject to availability under a UK-specific borrowing base). In March 2020, the Company paid in full all outstanding debt incurred under the ABL Facility, which the Company accounted for as a debt extinguishment in accordance with guidance in ASC 405-20, “Extinguishment of Liabilities”. As a result of the debt extinguishment, the Company recorded $0.8 million of unamortized debt issuance costs in interest expense included in the accompanying condensed consolidated statements of operations during the nine months ended September 30, 2020 in accordance with ASC 470-50, “Modifications and Extinguishments” (“ASC 470-50”). In addition, the Company recorded $0.6 million of additional costs in selling, general and administrative expenses included in the accompanying condensed consolidated statements of operations during the nine months ended September 30, 2020. The Company recognized no amortization of debt issuance costs and $0.4 million of amortization of debt issuance costs during the three and nine months ended September 30, 2020, respectively, and $0.3 million and $0.8 million of amortization of debt issuance costs during the three and nine months ended September 30, 2019, respectively, which are included in the accompanying condensed consolidated statements of operations. Total letters of credit issued and outstanding under the ABL Facility were $0.1 million and $7.7 million at September 30, 2020 and December 31, 2019, respectively. The letters of credit were collateralized with a line block on the ABL Facility. As described below, as the ABL Facility was extinguished, the agreement governing the ABL Facility required cash collateral to be held until expiration of outstanding letters of credit arrangement. The cash collateral requirement is 105% of the outstanding letters of credit, for a total amount of $0.1 million as of September 30, 2020. The cash collateral will be released either because of expiration or early termination and reissuance of the letters of credit. Certain letters of credit were reissued under the Revolving Credit Facility, as defined below, with a total of $3.1 million issued and outstanding as of September 30, 2020, with no cash collateral requirement. Other letters of credit were reissued under the Revolving Credit Facility, with a cash collateral requirement, with a total of $4.9 million as of September 30, 2020. The cash collateral requirement is 105% of the outstanding letters of credit, for a total amount of $5.1 million as of September 30, 2020. The Company presented the cash collateral in restricted cash in the accompanying condensed consolidated balance sheet as of September 30, 2020. Revolving Credit Facility In March 2020, the Company, as guarantor, entered into a Loan and Security Agreement (the “Loan Agreement”) with Encina Business Credit, LLC (“Encina”), as agent for the lenders party thereto, and HGA and Cequent Towing, as borrowers (the “ABL Borrowers”). The Loan Agreement provides for an asset-based revolving credit facility (the “Revolving Credit Facility”) in the maximum aggregate principal amount of $75.0 million subject to customary borrowing base limitations contained therein, and may be increased at the ABL Borrowers’ request in increments of $5.0 million, up to a maximum of five times over the life of the Revolving Credit Facility, for a total increase of up to $25.0 million. The interest on the loans under the Loan Agreement will be payable in cash at the interest rate of LIBOR plus 4.00% per annum, subject to a 1.00% LIBOR floor, provided that if for any reason the loans are converted to base rate loans, interest will be paid in cash at the customary base rate plus a margin of 3.00% per annum. All interest, fees, and other monetary obligations due may, in Encina’s discretion but upon prior notice to the ABL Borrowers, be charged to the loan account and thereafter be deemed to be part of the Revolving Credit Facility subject to the same interest rate. There are no amortization payments required under the Loan Agreement. Borrowings under the Loan Agreement mature on the earlier of: (i) March 13, 2023 and (ii) 90 days prior to the maturity of any portion of the debt under the Company’s Replacement Term Loan, as defined below, as may be in effect from time to time, unless earlier terminated. As a result of the 2020 Replacement Term Loan Amendment, as described below, the maturity of all borrowings under the Revolving Credit Facility were effectively extended to fiscal year 2022 and are presented in gross long-term debt in the accompanying condensed consolidated balance sheet as of September 30, 2020. All of the indebtedness under the Loan Agreement is and will be guaranteed by the Company and certain of the Company’s existing and future North American subsidiaries and is and will be secured by substantially all of the assets of the Company, such other guarantors, and the ABL Borrowers. The Loan Agreement also contains a financial covenant that stipulates the ABL Borrowers and guarantors under the Loan Agreement will not make Capital Expenditures (as defined in the Loan Agreement) exceeding $30.0 million during any fiscal year. Debt issuance costs of $2.3 million were incurred in connection with the Loan Agreement. These debt issuance costs will be amortized into interest expense over the contractual term of the Loan Agreement. The Company recognized $0.2 million and $0.9 million of amortization of debt issuance costs during the three and nine months ended September 30, 2020, respectively, which are included in the accompanying condensed consolidated statements of operations. There was $1.4 million of unamortized debt issuance costs included in prepaid expenses and other current assets in the accompanying condensed consolidated balance sheet as of September 30, 2020 . There was $28.7 million outstanding under the Revolving Credit Facility as of September 30, 2020 and $20.0 million outstanding under the ABL Facility as of December 31, 2019, with a weighted average interest rate of 5.0% and 5.5%, respectively. The Company had $38.2 million of availability under the Revolving Credit Facility as of September 30, 2020 and $33.1 million of availability under the ABL Facility as of December 31, 2019. First Lien Term Loan Agreement On June 30, 2015, the Company entered into a credit agreement among the Company, the lenders party thereto and JPMorgan Chase Bank, N.A. (the “Term Loan Agreement”) under which the Company borrowed an aggregate of $200.0 million (the “Original Term B Loan”). The Term Loan Agreement has been subsequently amended and restated on several occasions and is collectively referred to as the “First Lien Term Loan Agreement”. The Original Term B Loan has also been subsequently amended on several occasions and is collectively referred to as the “First Lien Term Loan”. In conjunction with the entry into the Revolving Credit Facility referenced above, Cortland Capital Markets Services LLC served as administrative agent and collateral agent for the First Lien Term Loan. 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. In accordance with ASC 470-50, the Company recorded $0.7 million of issuance costs in selling, general and administrative expense in the accompanying condensed consolidated statements of operations during the three and nine months ended September 30, 2019 and wrote off $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. In May 2020, the Company entered into an amendment, limited waiver and consent to credit agreement (the “Tenth Term Amendment”) with an effective date of April 1, 2020, to amend the First Lien Term Loan Agreement and to consent to the Company’s entering into, among other things, the PPP Loan and French Loan, each as defined and described below. The Company recognized $5.2 million and $8.7 million of unamortized debt issuance costs in interest expense included in the accompanying condensed consolidated statement of operations during 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 various amendments to the First Lien Term Loan Agreement. As a result of the 2020 Replacement Term Loan Amendment, as defined and described below, the outstanding balance and any accrued interest has been replaced by the Replacement Term Loan, as defined and described below. The Company recognized no amortization of debt issuance and discount costs and $0.2 million of amortization of debt issuance and discount costs for the three and nine months ended September 30, 2020, respectively, and $0.8 million and $2.7 million for the three and nine months ended September 30, 2019, respectively, which is included in the accompanying condensed consolidated statements of operations. The Company recognized no paid-in-kind interest and $0.4 million of paid-in-kind interest on the First Lien Term Loan for the three and nine months ended September 30, 2020, respectively, and $1.1 million and $3.0 million for the three and nine months ended September 30, 2019, respectively. The Company had no aggregate principal amount outstanding and $25.2 million outstanding as of September 30, 2020 and December 31, 2019, respectively, under the First Lien Term Loan, with the $25.2 million outstanding as of December 31, 2019 bearing cash interest at 8.1%. 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 provided for a term loan facility in the aggregate principal amount of $51.0 million. In May 2020, the Company entered into an amendment, limited waiver and consent to credit agreement (the “Second Lien Third Amendment”), with an effective date of April 1, 2020, to amend the Second Lien Term Loan Agreement and to consent to the Company’s entering into, among other things, the PPP Loan and French Loan, each as defined and described below. Debt issuance costs of $3.8 million and original issuance discount of $1.0 million were incurred in connection with entry into the Second Lien Term Loan Agreement. As a result of the 2020 Replacement Term Loan Amendment, as defined and described below, the outstanding balance and any accrued interest has been replaced by the Replacement Term Loan, as defined and described below. The Company recognized no amortization of debt issuance and discount costs and $2.7 million of amortization of debt issuance and discount costs for the three and nine months ended September 30, 2020, respectively, and $0.9 million and $1.7 million for the three and nine months ended September 30, 2019, respectively, which is included in the accompanying condensed consolidated statements of operations. The Company recognized paid-in-kind interest of $0.1 million and $3.4 million on its Second Lien Term Loan for the three and nine months ended September 30, 2020, respectively, and $2.1 million and $4.6 million for the three and nine months ended September 30, 2019, respectively. Replacement Term Loan On July 6, 2020, the Company entered into the 2020 Replacement Term Loan Amendment (the “Eleventh Term Amendment”) to amend the Term Loan Agreement. The Eleventh Term Amendment provided replacement term loans (the “Replacement Term Loan”) that refinanced and replaced the outstanding balances under the First Lien Term Loan Agreement and Second Lien Term Loan Agreement, plus any accrued interest thereon. The remaining unamortized debt issuance and original issuance discount costs related to the First Lien Term Loan Agreement and Second Lien Term Loan Agreement will be amortized into interest expense over the contractual term of the Replacement Term Loan using the effective interest method. The interest on the Replacement Term Loan will be payable at LIBOR plus 10.75% per annum, subject to a 1.00% LIBOR floor, of which 4.00% shall be payable in cash and LIBOR plus 6.75% shall be payable-in-kind (PIK) interest (provided that the Company may elect on not more than one occasion to pay all interest as PIK interest). Borrowings under the Eleventh Term Amendment mature on the earlier of: (i) June 30, 2022 and (ii) April 1, 2022 if the Convertible Notes, as defined below, are not repaid or otherwise discharged prior to such date. Additionally, the Eleventh Term Amendment provided for a 1.00% PIK closing fee, which was added to the principal amount of the Replacement Term Loan on the closing date; provided for a prepayment penalty on the entire principal amount of the Replacement Term Loan in an amount equal to 3.0% of the aggregate principal amount prepaid prior to December 31, 2021; and amended the fixed charge coverage ratio covenant beginning with the fiscal quarter ending June 30, 2021, as follows: • June 30, 2021: 1.10 to 1.00 • September 30, 2021: 1.25 to 1.00 • December 31. 2021 and each fiscal quarter ending thereafter: 1.40 to 1.00 In accordance with ASC 470-50, the Company recorded $0.2 million of issuance costs in selling, general and administrative expense in the accompanying condensed consolidated statements of operations during the three and nine months ended September 30, 2020. The Company had total unamortized debt issuance and discount costs of $10.3 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, 2020. The Company recognized $1.2 million of amortization of debt issuance and discount costs for the three and nine months ended September 30, 2020, which is included in the accompanying condensed consolidated statements of operations. The Company had an aggregate principal amount outstanding of $87.6 million as of September 30, 2020, under the Replacement Term Loan, bearing cash interest at 4.00%. In addition to cash interest, the Replacement Term Loan has 7.75% paid-in-kind interest. The Company made a one-time election to pay all interest as PIK interest on the first interest payment date. As a result of this election, the Company recognized $2.5 million of paid-in-kind interest for both the three and nine months ended September 30, 2020. All of the indebtedness under the Replacement 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. 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. During the third quarter of 2020, no conditions allowing holders of the Convertible Notes to convert have been met. Therefore, the Convertible Notes were not convertible during the second quarter of 2020 and are classified as long-term debt. Should conditions allowing holders of the Convertible Notes to convert be met in a future quarter, the Convertible Notes will be convertible at their holders’ option during the immediately following quarter. As of September 30, 2020, the if-converted value of the Convertible Notes did not exceed the principal value of those Convertible Notes. 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. Paycheck Protection Program Loan In April 2020, Horizon Global Company LLC (the “US Borrower”), a direct US-based subsidiary of the Company, received a loan from PNC Bank, National Association for $8.7 million, pursuant to the Paycheck Protection Program (the “PPP Loan”) under Division A, Title I of the Coronavirus Aid, Relief and Economic Security (“CARES”) Act. The PPP Loan, which is in the form of a Note dated April 18, 2020 issued by the US Borrower, matures on April 18, 2022. The PPP Loan bears interest at 1.0% per annum and is payable monthly commencing on November 15, 2020. Funds from the PPP Loan may be used for payroll, costs used to continue group health care benefits, rent and utilities. Under the terms of the PPP Loan, certain amounts may be forgiven if they are used for qualifying expenses as described in the CARES Act. The Company submitted its PPP Loan application in good faith in accordance with the CARES Act and the guidance issued by the Small Business Administration (the “SBA”), including the SBA’s Paycheck Protection Program’s Frequently Asked Questions. During 2020, the Company, in accordance with the final guidance issued by the United States Department of the Treasury, met the need and sized based criteria of the program. The Company plans to file its application of forgiveness in the near term and continues to use the PPP Loan proceeds on qualifying expenses; however, there is no guarantee that any portion of the PPP Loan proceeds will be forgiven. The French Loan In April 2020, S.I.A.R.R. SAS (the “French Borrower”), an indirect subsidiary of the Company, received a loan from BNP Paribas (the “French Loan”) for $5.5 million. The French Loan, issued pursuant to an agreement dated April 9, 2020, between the French Borrower and BNP Paribas, matures on April 9, 2021. The French Loan bears interest at a rate of 0.5% per annum. The French Borrower, at its election, may repay the French Loan in full on April 9, 2021 or in monthly installments for a period of five years from the date of election. Covenant and Liquidity Matters As of September 30, 2020, and our current forecast through September 30, 2021, the Company believes it has sufficient liquidity to operate its business for the foreseeable future. The Company is in compliance with all of its financial covenants in its debt agreements as of September 30, 2020.

Derivative Instruments

Derivative Instruments	9 Months Ended
	Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments Foreign Currency Exchange Rate Risk In the past, the Company has used 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 hedged currency exposure between the Mexican peso and the US dollar and matured 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-designated the foreign currency forward contracts. On October 4, 2016, the Company entered into a cross currency swap arrangement to hedge changes in foreign currency exchange rates. The Company used the cross currency swap to mitigate the risk associated with fluctuations in currency rates impacting cash flows related to a non-functional currency intercompany loan of €110.0 million. The cross currency swap hedged currency exposure between the euro and the US dollar and matured on January 3, 2019 with a liability of $2.5 million. The Company entered into forward contracts to settle the cross currency swap, which resulted in a $0.9 million offset to the liability. These settlements resulted in a net realized gain reclassified from accumulated other comprehensive loss (“AOCI”) of $0.6 million. The Company made quarterly principal payments of €1.4 million, plus interest at a fixed rate of 5.4% per annum, in exchange for $1.5 million, plus interest at a fixed rate of 7.2% per annum during the term of the cross currency swap arrangement. At inception, the Company designated the cross currency swap as a cash flow hedge. Changes in the currency rate resulted in reclassification of amounts from AOCI to earnings to offset the re-measurement gain or loss on the non-US denominated intercompany loan. There were no outstanding derivatives contracts at September 30, 2020 and December 31, 2019. Financial Statement Presentation The following table summarizes the amounts reclassified from AOCI into earnings: Three Months Ended Nine Months Ended 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) $ (460,010) $ (50,270) Amount of Gain Reclassified from AOCI into Earnings Derivatives classified as cash flow hedges: Foreign currency forward contracts $ 350 $ — $ 1,550 $ — Cross currency swap $ — $ — $ — $ 900

Restructuring

Restructuring	9 Months Ended
	Sep. 30, 2020
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, 2020: Employee Costs Facility Closure and Other Costs Total (dollars in thousands) Balance at January 1, 2020 $ 1,830 $ 2,110 $ 3,940 Payments and other (1) (1,580) (190) (1,770) Balance at September 30, 2020 $ 250 $ 1,920 $ 2,170 (1) Other consists primarily of changes in the liability balance due to foreign currency translation and finalization of facility closures.

Leases

Leases	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Leases	Leases On January 1, 2019, the Company adopted ASC 842, “ Leases ”, as issued by the FASB under ASU 2016-02. Refer to Note 2, New Accounting Pronouncements, in our Annual Report on Form 10-K for the year ended December 31, 2019 for more information. The Company leases certain facilities, automobiles and equipment under non-cancellable operating leases. Our leases have remaining lease terms of one year to eleven 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. The Company’s financing leases are immaterial. 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 right-of-use (“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 operating segment for determining the incremental borrowing rate. The following table provides additional cost and cash flow information for the Company’s leases: Three Months Ended Nine Months Ended 2020 2019 2020 2019 (dollars in thousands) Operating lease cost $ 4,260 $ 4,330 $ 11,460 $ 13,330 Operating cash flows from operating leases $ 3,950 $ 4,564 $ 12,060 $ 14,320 ROU assets obtained in exchange for operating lease obligations $ 1,500 $ 190 $ 4,080 $ 15,030 The following table provides additional balance sheet information for the Company’s leases: As of September 30, 2020 As of December 31, 2019 Weighted average remaining lease term (years) 6.1 6.8 Weighted average discount rate 8.4 % 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 expenses in the accompanying condensed consolidated statements of operations during the three and nine months ended September 30, 2019.

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Contingencies	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 did not allege any damage and only sought replacement of the product. 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. During the three months ended September 30, 2019, the Company reduced its exposure related to the claims by $4.3 million and had no charge recorded for the nine months ended September 30, 2019. As of December 31, 2019, the Company had $3.9 million recorded in accrued liabilities for the remaining unpaid settlement obligations and an insurance-related asset of $0.4 million recorded in prepaid expenses and other current assets in the accompanying condensed consolidated balance sheets. In the first quarter of 2020, the Company settled its outstanding obligations related to the claim. The Company has no remaining liability or insurance-related asset. On April 29, 2020, the Company agreed to a settlement (the “Settlement”) related to certain intellectual property infringement claims made against one of the Company’s subsidiaries in its Horizon Europe-Africa operating segment. The Company settled all historical and future associated claims for $4.4 million to be paid evenly in semi-annual installments on June 30 and December 31 of each year through December 31, 2024. As a result of the Settlement, the Company recorded a $1.5 million charge in cost of sales in the accompanying condensed consolidated statement of operations during the first quarter of 2020. The Company recognized $0.2 million of royalties and $1.9 million in cost of sales in the accompanying condensed consolidated statement of operations for the three and nine months ended September 30, 2020, respectively. As of September 30, 2020, the Company had recorded $0.9 million in prepaid expenses and other current assets and $1.9 million in other assets related to the future royalties to be recognized by the Company over the life of future programs related to the Settlement and $0.9 million in accrued liabilities and $3.3 million in other long-term liabilities in the accompanying condensed consolidated balance sheet related to the remaining semi-annual installment payments to be paid.

Earnings (Loss) per Share

Earnings (Loss) per Share	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Earnings (Loss) per Share	Earnings (Loss) per Share Basic earnings (loss) per share is computed using net income (loss) attributable to Horizon Global and the number of weighted average shares outstanding. Diluted earnings (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, where dilutive to earnings per share. The following table sets forth the reconciliation of the numerator and the denominator of basic earnings (loss) per share attributable to Horizon Global and diluted earnings (loss) per share attributable to Horizon Global: Three Months Ended Nine Months Ended 2020 2019 2020 2019 (dollars in thousands, except share and per share data) Numerator: Net income (loss) from continuing operations $ 1,590 $ (37,500) $ (31,660) $ (78,030) Add: Income (loss) from discontinued operations, net of tax — 182,750 (500) 189,520 Less: Net loss attributable to noncontrolling interest (340) (260) (1,010) (840) Net income (loss) attributable to Horizon Global $ 1,930 $ 145,510 $ (31,150) $ 112,330 Denominator: Weighted average shares outstanding, basic 25,939,741 25,329,492 25,651,789 25,267,310 Dilutive effect of stock-based awards 7,389,365 — — — Weighted average shares outstanding, diluted 33,329,106 25,329,492 25,651,789 25,267,310 Basic income (loss) per share attributable to Horizon Global Continuing operations $ 0.07 $ (1.47) $ (1.19) $ (3.05) Discontinued operations — 7.21 (0.02) 7.50 Total $ 0.07 $ 5.74 $ (1.21) $ 4.45 Diluted income (loss) per share attributable to Horizon Global Continuing operations $ 0.06 $ (1.47) $ (1.19) $ (3.05) Discontinued operations — 7.21 (0.02) 7.50 Total $ 0.06 $ 5.74 $ (1.21) $ 4.45 Due to losses from continuing operations for the three months ended September 30, 2019 and nine months ended September 30, 2020 and 2019, 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 2020 2019 2020 2019 Number of options 18,961 53,321 18,961 61,184 Exercise price of options $9.20 - $11.02 $9.20 - $11.29 $9.20 - $11.02 $9.20 - $11.29 Restricted stock units — 1,524,778 1,820,186 1,101,855 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 6,376,519 3,671,607 For purposes of determining diluted earnings (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 earnings (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 earnings (loss) per share.

Equity Awards

Equity Awards	9 Months Ended
	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
Equity Awards	Equity Awards Description of the Plans 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 US 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. On June 19, 2020, the shareholders approved the Horizon Global Corporation 2020 Equity and Incentive Compensation Plan (the “Horizon 2020 Plan”). Horizon employees and non-employee directors participate in the Horizon 2020 Plan. The Horizon 2020 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 US Internal Revenue Code), appreciation rights, restricted shares, restricted stock units, performance shares, performance stock units, cash incentive awards, dividend equivalents and certain other awards based upon terms and conditions described in the Horizon 2020 Plan. No more than 4.1 million Horizon common shares may be delivered under the Horizon 2020 Plan, plus (A) the total number of shares remaining available for awards under the Horizon 2015 Plan, as described above, as of June 19, 2020, plus (B) the shares that are subject to awards granted under the Horizon 2020 Plan or the Horizon 2015 Plan that are added (or added back, as applicable) to the aggregate number of shares available under the Horizon 2020 Plan pursuant to the share counting rules of the Horizon 2020 Plan. These shares may be shares of original issuance or treasury shares, or a combination of both. Stock Options The following table summarizes Horizon stock option activity from December 31, 2019 to September 30, 2020: Number of Stock Options Weighted Average Exercise Price Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding at December 31, 2019 37,737 $ 10.52 Granted — — Exercised — — Canceled, forfeited (18,776) 10.61 Expired — — Outstanding at September 30, 2020 18,961 $ 10.43 5.2 $ — As of September 30, 2020, the unrecognized compensation cost related to stock options is immaterial. For the three and nine months ended September 30, 2020 and 2019, 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, 2020. Stock-based compensation expense is included in selling, general and administrative expenses in the accompanying condensed consolidated statements of operations. Restricted Shares During the nine months ended September 30, 2020, the Company granted an aggregate of 1,502,072 restricted stock units and performance stock units to certain key employees. The total grants consisted of: (i) 284,859 time-based restricted stock units vesting on a ratable basis on March 3, 2021, March 3, 2022 and March 3, 2023; (ii) 277,228 time-based restricted stock units vesting on June 24, 2021; (iii) 21,351 time-based restricted stock units vesting on a ratable basis on April 2, 2021, March 3, 2022 and March 3, 2023 and (iv) 918,634 performance stock units that vest on March 3, 2023 (the “2020 PSUs”). The performance criteria for the 2020 PSUs is based on the Company’s three-year cumulative EBITDA. The grant date fair values for the performance s tock units and restricted stock units granted during 2020 are based on the closing trading price of the Company’s common stock on the date of grant. During 2019, the Company granted an aggregate of 1,950,296 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) 27,840 time-based restricted stock units that vest on September 10, 2020; (iii) 245,134 time-based restricted stock units that vest on September 19, 2020; (iv) 25,000 time-based restricted stock units that vest on November 13, 2020; (v) 25,000 time-based restricted stock units that vest on December 9, 2020; (vi) 5,000 time-based restricted stock units that vest on May 15, 2021; (vii) 411,373 time-based restricted stock units that vest on March 19, 2022 and (viii) 857,357 market-based performance stock units (the “2019 PSUs”), of which 757,357 vest on March 19, 2022 with the remaining 100,000 vesting on a ratable basis on September 23, 2020, September 23, 2021 and September 23, 2022. For the 2019 PSUs, 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. TSR is measured over a period beginning January 1, 2019 and ending December 31, 2021. 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 annualized volatility of 84.1%. The grant date fair value of the p erformance stock units was $3.69. 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, 2020 were as follows: Number of Restricted Shares Weighted Average Grant Date Fair Value Outstanding at December 31, 2019 1,393,085 $ 4.30 Granted 1,502,072 2.92 Vested (581,803) 3.92 Canceled, forfeited (455,072) 4.87 Outstanding at September 30, 2020 1,858,282 $ 3.16 As of September 30, 2020, there was $4.0 million in unrecognized compensation costs related to unvested restricted stock units that is expected to be recognized over a weighted-average period of 2.2 years. The Company recognized $0.9 million and $2.2 million of stock-based compensation expense related to restricted shares during the three and nine months ended September 30, 2020, respectively, and $0.9 million and $1.8 million during the three and nine months ended and September 30, 2019, respectively. 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, 2020
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 as of September 30, 2020 or December 31, 2019. Common Stock The Company is authorized to issue 400,000,000 shares of Horizon Global common stock, par value of $0.01 per share. As of September 30, 2020, there were 26,902,439 shares of common stock issued and 26,215,933 shares of common stock outstanding. As of December 31, 2019, there were 26,073,894 shares of common stock issued and 25,387,388 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 detachable warrants to purchase up to 6.25 million shares of its common stock, 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 warrants to purchase 2,952,248 shares of common stock. See Note 9, Long-term Debt , for additional information. As of September 30, 2020, warrants for 560,611 shares have been exercised on a net basis, resulting in the issuance of 372,963 shares of the Company’s common stock. As of September 30, 2020, warrants to purchase 5,993,539 shares of common stock were issued and remain outstanding. During the three and nine months ended September 30, 2020, the Company recognized $0.8 million of non-cash transactions in connection with warrants exercised. Accumulated Other Comprehensive Income (Loss) (“AOCI”) Changes in AOCI by component, net of tax, for the nine months ended September 30, 2020 are summarized as follows: Derivative Instruments Foreign Currency Translation and Other Total (dollars in thousands) Balances at January 1, 2020 $ — $ (9,790) $ (9,790) Net unrealized losses arising during the period — (400) (400) Net current-period change — (400) (400) Balances at September 30, 2020 $ — $ (10,190) $ (10,190) 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 and Other Total (dollars in thousands) Balances at January 1, 2019 $ 1,960 $ 5,800 $ 7,760 Net unrealized gains arising during the period (a) 730 (30) 700 Less: Net realized gains reclassified to net loss (a) 2,450 — 2,450 Amounts reclassified from AOCI (20) (17,240) (17,260) Net current-period change (1,740) (17,270) (19,010) Balances at September 30, 2019 $ 220 $ (11,470) $ (11,250) (a) There was no income tax impact for derivative instruments during the nine months ended September 30, 2019. See Note 10, Derivative Instruments, for further details.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2020
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 operating 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 2020 2019 2020 2019 (dollars in thousands) Net Sales Horizon Americas $ 119,140 $ 96,220 $ 285,630 $ 300,670 Horizon Europe-Africa 82,490 81,630 199,740 247,500 Total $ 201,630 $ 177,850 $ 485,370 $ 548,170 Operating Profit (Loss) Horizon Americas $ 13,170 $ (2,230) $ 19,330 $ 5,760 Horizon Europe-Africa 2,440 1,730 (6,040) 120 Corporate (7,050) (12,260) (19,380) (29,360) Total $ 8,560 $ (12,760) $ (6,090) $ (23,480)

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2020
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. The effective income tax rate was 5.9% and (0.5)% for the three and nine months ended September 30, 2020, respectively. The effective income tax rate was 2.6% and 2.9% for the three and nine months ended September 30, 2019, respectively. The 2020 lower effective tax rate compared to the statutory tax rate is attributable to the valuation allowance recorded in the US and several foreign jurisdictions, which resulted in no income tax benefit recognized for jurisdictional pretax losses. 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 that are recorded for deferred tax assets in the US and certain foreign jurisdictions 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. 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. The Company has recently experienced pre-tax losses. As of September 30, 2020, the Company believes that it is more likely than not that the recorded deferred tax assets will be realized. On March 27, 2020, Congress enacted the CARES Act to provide certain relief as a result of the COVID-19 pandemic. The Company is currently evaluating how the CARES Act provisions will impact our consolidated financial statements, but is not currently projecting significant impacts on its income tax provision based on its domestic valuation allowance and historical operating performance.

Other Expenses, Net

Other Expenses, Net	9 Months Ended
	Sep. 30, 2020
Other Income and Expenses [Abstract]
Other Expenses, Net	Other Income (Expense), NetOther income (expense), net consists of the following components: Three Months Ended Nine Months Ended 2020 2019 2020 2019 (dollars in thousands) Foreign currency gain / (loss) $ 1,080 $ (1,180) $ (670) $ (1,800) Customer pay discounts (420) (300) (960) (1,220) Loss on sale of business — — — (3,630) Other 30 (160) 200 40 Total $ 690 $ (1,640) $ (1,430) $ (6,610)

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 30, 2020
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements New accounting pronouncements not yet adopted In August 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-06, “ Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity ” (“ASU 2020-06”). ASU 2020-06 simplifies the accounting for convertible instruments by removing certain separation models in Accounting Standards Codification (“ASC”) 470-20, “ Debt—Debt with Conversion and Other Options ,” for convertible instruments. Under ASU 2020-06, the embedded conversion features no longer are separated from the host contract for convertible instruments with conversion features that are not required to be accounted for as derivatives under ASC 815, “ Derivatives and Hedging ,” or that do not result in substantial premiums accounted for as paid-in capital. For smaller reporting companies, ASU 2020-06 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2023, with early adoption permitted for fiscal years beginning after December 15, 2020. We are currently assessing the impact of this update on the Company’s condensed consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, “ Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting ” (“ASU 2020-04”). ASU 2020-04 provides temporary optional guidance to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. The relief provided by this guidance is elective and applies to all entities, subject to meeting certain criteria, that have contracts, hedging relationships, and other transactions that reference the London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued because of reference rate reform initiatives being undertaken in an effort to identify alternative reference rates that are more observable or transaction based and less susceptible to manipulation. The optional amendments of this guidance are effective for all entities upon adoption . We are currently assessing the impact of this update on the Company’s condensed consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, “ Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ” (“ASU 2016-13”). ASU 2016-13 replaces the current incurred loss model guidance with a new method that reflects expected credit losses. Under this guidance, an entity would recognize an impairment allowance equal to its estimate of expected credit losses on financial assets measured at amortized cost. In November 2019, the FASB extended the effective date of ASU 2016-13 for smaller reporting companies. As a result, ASU 2016-13 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2022, with early adoption permitted. The standard is not expected to have a significant impact on the Company's condensed consolidated financial statements.

Discontinued Operations (Tables

Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Discontinued Operations	The following table presents the Company’s results from discontinued operations for the three and nine months ended September 30, 2019: Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 (dollars in thousands) Net sales $ 29,750 $ 92,300 Cost of sales (22,250) (68,530) Selling, general and administrative expenses (3,050) (9,580) Other expense, net (210) (400) Interest expense (80) (310) Income before income tax expense 4,160 13,480 Income tax expense (1,900) (4,450) Gain on sale of discontinued operations $ 180,490 $ 180,490 Income from discontinued operations, net of tax $ 182,750 $ 189,520

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Sep. 30, 2020
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 segment and disaggregated by major sales channel for the three and nine months ended September 30, 2020 and 2019: Three Months Ended September 30, 2020 Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Net Sales Automotive OEM $ 24,010 $ 42,400 $ 66,410 Automotive OES 2,980 13,820 16,800 Aftermarket 35,390 24,360 59,750 Retail 34,290 — 34,290 Industrial 7,230 550 7,780 E-commerce 15,240 630 15,870 Other — 730 730 Total $ 119,140 $ 82,490 $ 201,630 Three Months Ended September 30, 2019 Horizon Americas Horizon 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 Nine Months Ended September 30, 2020 Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Net Sales Automotive OEM $ 53,880 $ 104,420 $ 158,300 Automotive OES 5,330 34,000 39,330 Aftermarket 84,440 56,750 141,190 Retail 80,690 — 80,690 Industrial 20,120 1,210 21,330 E-commerce 41,120 1,290 42,410 Other 50 2,070 2,120 Total $ 285,630 $ 199,740 $ 485,370 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

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying amount of goodwill for the nine months ended September 30, 2020 are summarized as follows: Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Balance at December 31, 2019 $ 4,350 $ — $ 4,350 Foreign currency translation (1,230) — (1,230) Balance at September 30, 2020 $ 3,120 $ — $ 3,120
Schedule of Intangible Assets (excluding Goodwill) by Major Class	The gross carrying amounts and accumulated amortization of the Company’s other intangible assets 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) $ 164,650 $ (133,670) $ 30,980 Technology and other (3 – 15 years) 22,140 (17,890) 4,250 Trademark/Trade names (1 – 8 years) 150 (150) — Total finite-lived intangible assets 186,940 (151,710) 35,230 Trademark/Trade names, indefinite-lived 21,280 — 21,280 Total other intangible assets $ 208,220 $ (151,710) $ 56,510 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) $ 164,150 $ (129,310) $ 34,840 Technology and other (3 – 15 years) 21,420 (17,260) 4,160 Trademark/Trade names (1 – 8 years) 150 (150) — Total finite-lived intangible assets 185,720 (146,720) 39,000 Trademark/Trade names, indefinite-lived 21,120 — 21,120 Total other intangible assets $ 206,840 $ (146,720) $ 60,120
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 as follows: Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 (dollars in thousands) Technology and other, included in cost of sales $ 280 $ 260 $ 950 $ 980 Customer relationships and Trademark/Trade names, included in selling, general and administrative expenses 1,330 1,410 4,090 3,820 Total amortization expense $ 1,610 $ 1,670 $ 5,040 $ 4,800

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2020
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories consist of the following components: September 30, December 31, (dollars in thousands) Finished goods $ 50,120 $ 82,080 Work in process 14,220 12,820 Raw materials 42,780 41,750 Total inventories $ 107,120 $ 136,650

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	9 Months Ended
	Sep. 30, 2020
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 $ 490 $ 470 Buildings 21,800 21,290 Machinery and equipment 130,000 121,740 152,290 143,500 Accumulated depreciation (78,620) (67,670) Property and equipment, net $ 73,670 $ 75,830
Depreciation Expense	Depreciation expense included in the accompanying condensed consolidated statements of operations is as follows: Three Months Ended Nine Months Ended 2020 2019 2020 2019 (dollars in thousands) Depreciation expense, included in cost of sales $ 3,920 $ 3,170 $ 10,330 $ 9,760 Depreciation expense, included in selling, general and administrative expenses 90 1,420 780 2,220 Total depreciation expense $ 4,010 $ 4,590 $ 11,110 $ 11,980

Accrued and Other Long-term L_2

Accrued and Other Long-term Liabilities (Tables)	9 Months Ended
	Sep. 30, 2020
Accrued Liabilities [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consist of the following components: September 30, December 31, (dollars in thousands) Customer incentives $ 18,960 $ 14,270 Accrued compensation 12,000 6,760 Customer claims 3,760 7,540 Short-term tax liabilities 2,530 90 Accrued professional services 1,360 4,790 Deferred purchase price 1,160 790 Restructuring 900 2,340 Other 19,220 12,270 Total accrued liabilities $ 59,890 $ 48,850 Other long-term liabilities consist of the following components: September 30, December 31, (dollars in thousands) Deferred purchase price $ 1,870 $ 2,370 Restructuring 1,270 1,600 Long-term tax liabilities 360 340 Other 11,960 9,480 Total other long-term liabilities $ 15,460 $ 13,790

Long-term Debt (Tables)

Long-term Debt (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Schedule of Debt	The Company’s long-term debt consists of the following: September 30, December 31, (dollars in thousands) Revolving Credit Facility $ 28,690 $ — ABL Facility — 20,020 Replacement Term Loan 87,580 — First Lien Term Loan — 25,210 Second Lien Term Loan — 56,960 Convertible Notes 125,000 125,000 Paycheck Protection Program Loan 8,670 — Bank facilities, capital leases and other long-term debt 17,820 13,670 Gross debt 267,760 240,860 Less: Current maturities, long-term debt 8,740 4,310 Gross long-term debt 259,020 236,550 Less: Unamortized debt issuance costs and original issuance discount on Replacement Term Loan 10,260 — Unamortized debt issuance costs and original issuance discount on First Lien Term Loan — 700 Unamortized debt issuance costs and discount on Second Lien Term Loan — 12,730 Unamortized debt issuance costs and discount on Convertible Notes 13,120 18,070 Unamortized debt issuance costs and discount 23,380 31,500 Long-term debt $ 235,640 $ 205,050

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The following table summarizes the amounts reclassified from AOCI into earnings: Three Months Ended Nine Months Ended 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) $ (460,010) $ (50,270) Amount of Gain Reclassified from AOCI into Earnings Derivatives classified as cash flow hedges: Foreign currency forward contracts $ 350 $ — $ 1,550 $ — Cross currency swap $ — $ — $ — $ 900

Restructuring (Tables)

Restructuring (Tables)	9 Months Ended
	Sep. 30, 2020
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, 2020: Employee Costs Facility Closure and Other Costs Total (dollars in thousands) Balance at January 1, 2020 $ 1,830 $ 2,110 $ 3,940 Payments and other (1) (1,580) (190) (1,770) Balance at September 30, 2020 $ 250 $ 1,920 $ 2,170 (1) Other consists primarily of changes in the liability balance due to foreign currency translation and finalization of facility closures.

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Schedule of Lease Costs	The following table provides additional cost and cash flow information for the Company’s leases: Three Months Ended Nine Months Ended 2020 2019 2020 2019 (dollars in thousands) Operating lease cost $ 4,260 $ 4,330 $ 11,460 $ 13,330 Operating cash flows from operating leases $ 3,950 $ 4,564 $ 12,060 $ 14,320 ROU assets obtained in exchange for operating lease obligations $ 1,500 $ 190 $ 4,080 $ 15,030 The following table provides additional balance sheet information for the Company’s leases: As of September 30, 2020 As of December 31, 2019 Weighted average remaining lease term (years) 6.1 6.8 Weighted average discount rate 8.4 % 8.7 %

Earnings (Loss) per Share (Tabl

Earnings (Loss) per Share (Tables)	9 Months Ended
	Sep. 30, 2020
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 earnings (loss) per share attributable to Horizon Global and diluted earnings (loss) per share attributable to Horizon Global: Three Months Ended Nine Months Ended 2020 2019 2020 2019 (dollars in thousands, except share and per share data) Numerator: Net income (loss) from continuing operations $ 1,590 $ (37,500) $ (31,660) $ (78,030) Add: Income (loss) from discontinued operations, net of tax — 182,750 (500) 189,520 Less: Net loss attributable to noncontrolling interest (340) (260) (1,010) (840) Net income (loss) attributable to Horizon Global $ 1,930 $ 145,510 $ (31,150) $ 112,330 Denominator: Weighted average shares outstanding, basic 25,939,741 25,329,492 25,651,789 25,267,310 Dilutive effect of stock-based awards 7,389,365 — — — Weighted average shares outstanding, diluted 33,329,106 25,329,492 25,651,789 25,267,310 Basic income (loss) per share attributable to Horizon Global Continuing operations $ 0.07 $ (1.47) $ (1.19) $ (3.05) Discontinued operations — 7.21 (0.02) 7.50 Total $ 0.07 $ 5.74 $ (1.21) $ 4.45 Diluted income (loss) per share attributable to Horizon Global Continuing operations $ 0.06 $ (1.47) $ (1.19) $ (3.05) Discontinued operations — 7.21 (0.02) 7.50 Total $ 0.06 $ 5.74 $ (1.21) $ 4.45
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 2020 2019 2020 2019 Number of options 18,961 53,321 18,961 61,184 Exercise price of options $9.20 - $11.02 $9.20 - $11.29 $9.20 - $11.02 $9.20 - $11.29 Restricted stock units — 1,524,778 1,820,186 1,101,855 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 6,376,519 3,671,607

Equity Awards (Tables)

Equity Awards (Tables)	9 Months Ended
	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity	The following table summarizes Horizon stock option activity from December 31, 2019 to September 30, 2020: Number of Stock Options Weighted Average Exercise Price Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding at December 31, 2019 37,737 $ 10.52 Granted — — Exercised — — Canceled, forfeited (18,776) 10.61 Expired — — Outstanding at September 30, 2020 18,961 $ 10.43 5.2 $ —
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	Changes in the number of restricted shares outstanding for the period ended September 30, 2020 were as follows: Number of Restricted Shares Weighted Average Grant Date Fair Value Outstanding at December 31, 2019 1,393,085 $ 4.30 Granted 1,502,072 2.92 Vested (581,803) 3.92 Canceled, forfeited (455,072) 4.87 Outstanding at September 30, 2020 1,858,282 $ 3.16

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2020
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, 2020 are summarized as follows: Derivative Instruments Foreign Currency Translation and Other Total (dollars in thousands) Balances at January 1, 2020 $ — $ (9,790) $ (9,790) Net unrealized losses arising during the period — (400) (400) Net current-period change — (400) (400) Balances at September 30, 2020 $ — $ (10,190) $ (10,190) 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 and Other Total (dollars in thousands) Balances at January 1, 2019 $ 1,960 $ 5,800 $ 7,760 Net unrealized gains arising during the period (a) 730 (30) 700 Less: Net realized gains reclassified to net loss (a) 2,450 — 2,450 Amounts reclassified from AOCI (20) (17,240) (17,260) Net current-period change (1,740) (17,270) (19,010) Balances at September 30, 2019 $ 220 $ (11,470) $ (11,250) (a) There was no income tax impact for derivative instruments during the nine months ended September 30, 2019. See Note 10, Derivative Instruments, for further details.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2020
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 2020 2019 2020 2019 (dollars in thousands) Net Sales Horizon Americas $ 119,140 $ 96,220 $ 285,630 $ 300,670 Horizon Europe-Africa 82,490 81,630 199,740 247,500 Total $ 201,630 $ 177,850 $ 485,370 $ 548,170 Operating Profit (Loss) Horizon Americas $ 13,170 $ (2,230) $ 19,330 $ 5,760 Horizon Europe-Africa 2,440 1,730 (6,040) 120 Corporate (7,050) (12,260) (19,380) (29,360) Total $ 8,560 $ (12,760) $ (6,090) $ (23,480)

Other Expenses, Net (Tables)

Other Expenses, Net (Tables)	9 Months Ended
	Sep. 30, 2020
Other Income and Expenses [Abstract]
Schedule of Other Expense, Net	Other income (expense), net consists of the following components: Three Months Ended Nine Months Ended 2020 2019 2020 2019 (dollars in thousands) Foreign currency gain / (loss) $ 1,080 $ (1,180) $ (670) $ (1,800) Customer pay discounts (420) (300) (960) (1,220) Loss on sale of business — — — (3,630) Other 30 (160) 200 40 Total $ 690 $ (1,640) $ (1,430) $ (6,610)

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) - USD ($) $ in Thousands	Sep. 19, 2019	Mar. 31, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net proceeds from sale of business				$ 0	$ 214,570
Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain (loss) on sale of subsidiaries			$ 180,490		$ 180,490
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 business	$ 209,600
Gain (loss) on sale of subsidiaries	180,500	$ (500)
Cumulative translation adjustment reclassified to retained earnings	$ 17,300

Discontinued Operations - Sched

Discontinued Operations - Schedule of Results From Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations, net of tax	$ 0	$ 182,750	$ (500)	$ 189,520
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		92,300
Cost of sales		(22,250)		(68,530)
Selling, general and administrative expenses		(3,050)		(9,580)
Other expense, net		(210)		(400)
Interest expense		(80)		(310)
Income before income tax expense		4,160		13,480
Income tax expense		(1,900)		(4,450)
Gain on sale of discontinued operations		180,490		180,490
Income from discontinued operations, net of tax		$ 182,750		$ 189,520

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, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disaggregation of Revenue [Line Items]
Net sales	$ 201,630	$ 177,850	$ 485,370	$ 548,170
Automotive OEM
Disaggregation of Revenue [Line Items]
Net sales	66,410	64,250	158,300	202,870
Automotive OES
Disaggregation of Revenue [Line Items]
Net sales	16,800	18,470	39,330	51,220
Aftermarket
Disaggregation of Revenue [Line Items]
Net sales	59,750	46,760	141,190	136,110
Retail
Disaggregation of Revenue [Line Items]
Net sales	34,290	26,600	80,690	88,230
Industrial
Disaggregation of Revenue [Line Items]
Net sales	7,780	8,430	21,330	26,200
E-commerce
Disaggregation of Revenue [Line Items]
Net sales	15,870	12,600	42,410	39,950
Other
Disaggregation of Revenue [Line Items]
Net sales	730	740	2,120	3,590
Horizon Americas
Disaggregation of Revenue [Line Items]
Net sales	119,140	96,220	285,630	300,670
Horizon Americas | Automotive OEM
Disaggregation of Revenue [Line Items]
Net sales	24,010	21,050	53,880	64,970
Horizon Americas | Automotive OES
Disaggregation of Revenue [Line Items]
Net sales	2,980	1,960	5,330	5,380
Horizon Americas | Aftermarket
Disaggregation of Revenue [Line Items]
Net sales	35,390	26,920	84,440	79,910
Horizon Americas | Retail
Disaggregation of Revenue [Line Items]
Net sales	34,290	26,600	80,690	88,230
Horizon Americas | Industrial
Disaggregation of Revenue [Line Items]
Net sales	7,230	7,650	20,120	23,860
Horizon Americas | E-commerce
Disaggregation of Revenue [Line Items]
Net sales	15,240	12,040	41,120	38,300
Horizon Americas | Other
Disaggregation of Revenue [Line Items]
Net sales	0	0	50	20
Horizon Europe-Africa
Disaggregation of Revenue [Line Items]
Net sales	82,490	81,630	199,740	247,500
Horizon Europe-Africa | Automotive OEM
Disaggregation of Revenue [Line Items]
Net sales	42,400	43,200	104,420	137,900
Horizon Europe-Africa | Automotive OES
Disaggregation of Revenue [Line Items]
Net sales	13,820	16,510	34,000	45,840
Horizon Europe-Africa | Aftermarket
Disaggregation of Revenue [Line Items]
Net sales	24,360	19,840	56,750	56,200
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	550	780	1,210	2,340
Horizon Europe-Africa | E-commerce
Disaggregation of Revenue [Line Items]
Net sales	630	560	1,290	1,650
Horizon Europe-Africa | Other
Disaggregation of Revenue [Line Items]
Net sales	$ 730	$ 740	$ 2,070	$ 3,570

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill Rollforward (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Goodwill [Roll Forward]
Balance at December 31, 2019		$ 4,350
Foreign currency translation	$ (1,230)
Balance at September 30, 2020	3,120
Horizon Americas
Goodwill [Roll Forward]
Balance at December 31, 2019		4,350
Foreign currency translation	(1,230)
Balance at September 30, 2020	3,120
Horizon Europe-Africa
Goodwill [Roll Forward]
Balance at December 31, 2019		$ 0
Foreign currency translation	0
Balance at September 30, 2020	$ 0

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Additional Information (Details) $ in Thousands	Mar. 01, 2019USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)	Mar. 31, 2020
Discontinued Operations, Disposed of by Sale
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)	$ (180,490)
Discontinued Operations, Disposed of by Sale | 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 | Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Reduction of net intangible assets from sale	$ 3,000
Discount Rate
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill measurement input				0.140
Intangible assets measurement input				0.145
Terminal Growth Rate
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill measurement input				0.030
Minimum | Royalty Rate
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Intangible assets measurement input				0.005
Maximum | Royalty Rate
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Intangible assets measurement input				0.019

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Schedule of Intangible Assets (excluding Goodwill) by Major Class (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2020	Sep. 30, 2020	Dec. 31, 2019
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount		$ 186,940	$ 185,720
Finite-lived intangible assets, accumulated amortization		(151,710)	(146,720)
Finite-lived intangible assets, net		35,230	39,000
Total other intangible assets, gross		208,220	206,840
Total other intangible assets, net		56,510	60,120
Trademarks and Trade Names
Intangible Assets, excluding Goodwill [Line Items]
Indefinite-lived intangible assets, gross carrying amount		21,280	21,120
Useful Life Two To Twenty Years | Customer Relationships
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount		164,650	164,150
Finite-lived intangible assets, accumulated amortization		(133,670)	(129,310)
Finite-lived intangible assets, net		30,980	34,840
Useful Life Three to Fifteen Years | Technology and Other
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount		22,140	21,420
Finite-lived intangible assets, accumulated amortization		(17,890)	(17,260)
Finite-lived intangible assets, net		4,250	4,160
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	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	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	1 year
Maximum | Useful Life Two To Twenty Years | Customer Relationships
Intangible Assets, excluding Goodwill [Line Items]
Useful life of intangible assets	20 years	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	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	8 years

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, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Amortization of Intangible Assets [Line Items]
Amortization of intangible assets	$ 1,610	$ 1,670	$ 5,040	$ 4,800
Cost of Sales [Member] | Technology and Other
Amortization of Intangible Assets [Line Items]
Amortization of intangible assets	280	260	950	980
Selling, General and Administrative Expenses | Customer Relationships
Amortization of Intangible Assets [Line Items]
Amortization of intangible assets	$ 1,330	$ 1,410	$ 4,090	$ 3,820

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Finished goods	$ 50,120	$ 82,080
Work in process	14,220	12,820
Raw materials	42,780	41,750
Total inventories	$ 107,120	$ 136,650

Property and Equipment, Net - P

Property and Equipment, Net - Property and Equipment Table (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 152,290	$ 143,500
Less: Accumulated depreciation	(78,620)	(67,670)
Property and equipment, net	73,670	75,830
Land and land improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	490	470
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, gross	21,800	21,290
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 130,000	$ 121,740

Property and Equipment, Net - D

Property and Equipment, Net - Depreciation Expense Table (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Depreciation Expense [Line Items]
Depreciation expense	$ 4,010	$ 4,590	$ 11,110	$ 11,980
Cost of Sales [Member]
Depreciation Expense [Line Items]
Depreciation expense	3,920	3,170	10,330	9,760
Selling, General and Administrative Expenses
Depreciation Expense [Line Items]
Depreciation expense	$ 90	$ 1,420	$ 780	$ 2,220

Accrued and Other Long-term L_3

Accrued and Other Long-term Liabilities - Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Accrued Liabilities [Abstract]
Customer incentives	$ 18,960	$ 14,270
Accrued compensation	12,000	6,760
Customer claims	3,760	7,540
Short-term tax liabilities	2,530	90
Accrued professional services	1,360	4,790
Deferred purchase price	1,160	790
Restructuring	900	2,340
Other	19,220	12,270
Total accrued liabilities	$ 59,890	$ 48,850

Accrued and Other Long-term L_4

Accrued and Other Long-term Liabilities - Long-term Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Accrued Liabilities [Abstract]
Deferred purchase price	$ 1,870	$ 2,370
Restructuring	1,270	1,600
Long-term tax liabilities	360	340
Other	11,960	9,480
Total other long-term liabilities	$ 15,460	$ 13,790

Long-term Debt - Debt Table (De

Long-term Debt - Debt Table (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Gross long-term debt	$ 267,760,000	$ 240,860,000
Current maturities, long-term debt	8,740,000	4,310,000
Gross long-term debt	259,020,000	236,550,000
Less: Unamortized debt issuance costs and discount	23,380,000	31,500,000
Long-term debt	235,640,000	205,050,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Gross long-term debt	28,690,000	0
Revolving Credit Facility, ABL Facility [Member]
Debt Instrument [Line Items]
Gross long-term debt	0	20,020,000
Replacement Term Loan [Member]
Debt Instrument [Line Items]
Gross long-term debt	87,580,000	0
Less: Unamortized debt issuance costs and discount	10,260,000	0
First Lien Term Loan [Member]
Debt Instrument [Line Items]
Gross long-term debt	0	25,210,000
Less: Unamortized debt issuance costs and discount	0	700,000
Second Lien Term Loan [Member]
Debt Instrument [Line Items]
Gross long-term debt	0	56,960,000
Less: Unamortized debt issuance costs and discount	0	12,730,000
Convertible Notes Payable [Member]
Debt Instrument [Line Items]
Gross long-term debt	125,000,000	125,000,000
Less: Unamortized debt issuance costs and discount	13,120,000	18,070,000
Paycheck Protection Plan [Member]
Debt Instrument [Line Items]
Gross long-term debt	8,670,000	0
Bank facilities, capital leases and other long-term debt [Member]
Debt Instrument [Line Items]
Gross long-term debt	$ 17,820,000	$ 13,670,000

Long-term Debt - ABL Facility (

Long-term Debt - ABL Facility (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Mar. 31, 2020	Dec. 31, 2019	Dec. 22, 2015
Debt Instrument [Line Items]
Gross long-term debt	$ 267,760,000		$ 267,760,000			$ 240,860,000
Revolving Credit Facility, ABL Facility [Member]
Debt Instrument [Line Items]
Aggregate principal							$ 99,000,000
Amortization of debt issuance costs	0	$ 300,000	400,000	$ 800,000
Debt extinguishment related to unamortized debt issuance costs in interest expense			800,000
Costs associated with extinguishment of debt	600,000
Gross long-term debt	0		0			20,020,000
Total letters of credit outstanding	$ 100,000		$ 100,000			7,700,000
Percentage of cash collateral required	105.00%		105.00%
Remaining borrowing capacity						33,100,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Aggregate principal					$ 75,000,000
Debt issuance costs	$ 2,300,000		$ 2,300,000
Amortization of debt issuance costs	200,000		900,000
Gross long-term debt	28,690,000		28,690,000			$ 0
Total letters of credit outstanding	3,100,000		3,100,000
Remaining borrowing capacity	38,200,000		38,200,000
Other Letters Of Credit [Member]
Debt Instrument [Line Items]
Total letters of credit outstanding	4,900,000		4,900,000
Amount outstanding including cash collateral	5,100,000		5,100,000
U.S. Sub-facility [Member] | Revolving Credit Facility, ABL Facility [Member]
Debt Instrument [Line Items]
Aggregate principal	85,000,000		85,000,000
Canadian Sub-facility [Member] | Revolving Credit Facility, ABL Facility [Member]
Debt Instrument [Line Items]
Aggregate principal	2,000,000		2,000,000
UK Sub-facility [Member] | Revolving Credit Facility, ABL Facility [Member]
Debt Instrument [Line Items]
Aggregate principal	$ 3,000,000		$ 3,000,000

Long-term Debt - Revolving Cred

Long-term Debt - Revolving Credit Facility (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019	Dec. 22, 2015
Debt Instrument [Line Items]
Gross long-term debt		$ 267,760,000		$ 267,760,000		$ 240,860,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Weighted average interest rate		5.00%		5.00%
Aggregate principal	$ 75,000,000
Incremental increase in borrowing capacity	5,000,000
Maximum incremental increase in borrowing capacity available	$ 25,000,000
Maximum capital expenditures under covenant		$ 30,000,000		$ 30,000,000
Debt issuance costs		2,300,000		2,300,000
Amortization of debt issuance costs		200,000		900,000
Gross long-term debt		28,690,000		28,690,000		$ 0
Remaining borrowing capacity		38,200,000		38,200,000
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	4.00%
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	1.00%
Revolving Credit Facility [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	3.00%
Revolving Credit Facility, ABL Facility [Member]
Debt Instrument [Line Items]
Weighted average interest rate						5.50%
Aggregate principal							$ 99,000,000
Amortization of debt issuance costs		0	$ 300,000	400,000	$ 800,000
Gross long-term debt		$ 0		$ 0		$ 20,020,000
Remaining borrowing capacity						$ 33,100,000

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, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019	Jun. 30, 2015
Debt Instrument [Line Items]
Repayments of Long-term Debt				$ 0	$ 173,430,000
Unamortized debt issuance costs		$ 1,400,000		1,400,000
Paid-in-kind interest				6,280,000	7,620,000
Interest expense		7,560,000	$ 24,120,000	23,970,000	50,270,000
First Lien Term Loan [Member]
Debt Instrument [Line Items]
Repayments of Long-term Debt	$ 172,900,000
Payments of Debt Issuance Costs			700,000		700,000
Debt instrument, face amount							$ 200,000,000
Amortization of debt issuance costs		0	800,000	200,000	2,700,000
Paid-in-kind interest		$ 0	1,100,000	$ 400,000	3,000,000
Aggregate amount outstanding						$ 25,200,000
Effective interest rate						8.10%
Write off of debt issuance costs			5,200,000		5,200,000
Debt extinguishment related to unamortized debt issuance costs in interest expense			$ 5,200,000		$ 8,700,000

Long-term Debt - Second Lien Te

Long-term Debt - Second Lien Term Loan (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Mar. 31, 2019
Short-term Debt [Line Items]
Paid-in-kind interest			$ 6,280,000	$ 7,620,000
Second Lien Term Loan [Member]
Short-term Debt [Line Items]
Debt instrument, face amount					$ 51,000,000
Debt issuance costs					3,800,000
Initial debt issuance costs					$ 1,000,000
Amortization of debt issuance costs	$ 0	$ 900,000	2,700,000	1,700,000
Paid-in-kind interest	$ 100,000	$ 2,100,000	$ 3,400,000	$ 4,600,000

Long-term Debt - Replacement Te

Long-term Debt - Replacement Term Loan (Details) $ in Thousands	Jul. 06, 2020	Sep. 30, 2020USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)
Short-term Debt [Line Items]
Paid-in-kind interest			$ 6,280	$ 7,620
Replacement Term Loan [Member]
Short-term Debt [Line Items]
Debt instrument, face amount		$ 87,600	87,600
Paid-in kind interest rate	6.75%
Debt issuance costs		200	200
Amortization of debt issuance costs		1,200	1,200
Unamortized debt discount and issuance costs		10,300	10,300
Paid in kind interest rate, closing fee	1.00%
Prepayment penalty as a percentage of aggregate principal	3.00%
Paid-in-kind interest		$ 2,500	$ 2,500
Effective interest rate	4.00%	4.00%	4.00%
Replacement Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]
Short-term Debt [Line Items]
Basis spread on variable rate	10.75%
Replacement Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum
Short-term Debt [Line Items]
Basis spread on variable rate	1.00%
Debt Instrument, Covenant One [Member] | Replacement Term Loan [Member]
Short-term Debt [Line Items]
Fixed Coverage Ratio		1.10	1.10
Paid-in kind interest rate		7.75%	7.75%
Debt Instrument, Covenant Two [Member] | Replacement Term Loan [Member]
Short-term Debt [Line Items]
Fixed Coverage Ratio		1.25	1.25
Debt Instrument, Covenant Three [Member] | Replacement Term Loan [Member]
Short-term Debt [Line Items]
Fixed Coverage Ratio		1.40	1.40

Long-term Debt - Convertible No

Long-term Debt - Convertible Notes (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019	Feb. 01, 2017
Debt Instrument [Line Items]
Gross long-term debt	$ 267,760,000	$ 240,860,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Gross long-term debt	28,690,000	0
Convertible Notes Payable [Member]
Debt Instrument [Line Items]
Gross long-term debt	$ 125,000,000	$ 125,000,000
Interest rate			2.75%
Debt instrument, face amount			$ 125,000,000
Share issued upon conversion (in shares)			5,005,000
Conversion price (in dollars per share)			$ 24.98

Long-term Debt - Paycheck Prote

Long-term Debt - Paycheck Protection Program Loan (Details) - Paycheck Protection Plan [Member] $ in Millions	Apr. 18, 2020USD ($)
Debt Instrument [Line Items]
Debt instrument, face amount	$ 8.7
Interest rate	1.00%

Long-term Debt - French Loan (D

Long-term Debt - French Loan (Details) - French Loan [Member] - Horizon Global Corporation, Indirect Subsidiary [Member] $ in Millions	Apr. 09, 2020USD ($)
Debt Instrument [Line Items]
Debt instrument, face amount	$ 5.5
Interest rate	0.50%
Term of debt	5 years

Derivative Instruments - Deriva

Derivative Instruments - Derivative Narrative (Details) - 3 months ended Sep. 30, 2020 € in Millions, $ in Millions	EUR (€)	USD ($)	USD ($)
Currency Swap
Derivative [Line Items]
Derivative Liability, Notional Amount			$ 2.5
Currency Swap | Cash Flow Hedging [Member]
Derivative [Line Items]
Derivative Instruments in Hedges, Periodic Principle Payment | €	€ 1.4
Derivative Liability, Fixed Interest Rate	5.40%		5.40%
Derivative Instruments in Hedges, Periodic Principle Receipt		$ 1.5
Derivative Asset, Fixed Interest Rate	7.20%		7.20%
Forward Contracts [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Amount Offset Against Collateral			$ 0.9
Amount of Gain Reclassified from AOCI into Earnings		$ 0.6
Intercompany Loan [Member]
Derivative [Line Items]
Related Party Transaction, Due from (to) Related Party | €	€ 110

Derivative Instruments - Gain (

Derivative Instruments - Gain (Loss) Reclassified from AOCI into Earnings (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Cost of sales	$ (158,260,000)	$ (149,560,000)	$ (397,700,000)	$ (460,010,000)
Interest expense	$ (7,560,000)	(24,120,000)	$ (23,970,000)	(50,270,000)
Foreign currency forward contracts | Cost of Sales [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain Reclassified from AOCI into Earnings		350		1,550
Foreign currency forward contracts | Interest Expense [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain Reclassified from AOCI into Earnings		0		0
Currency Swap | Cost of Sales [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain Reclassified from AOCI into Earnings		0		0
Currency Swap | Interest Expense [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of Gain Reclassified from AOCI into Earnings		$ 0		$ 900

Restructuring - Restructuring R

Restructuring - Restructuring Reserve Rollforward (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2020USD ($)
Restructuring Reserve [Roll Forward]
Balance at January 1, 2020	$ 3,940
Payments and other	(1,770)
Balance at September 30, 2020	2,170
Employee Costs
Restructuring Reserve [Roll Forward]
Balance at January 1, 2020	1,830
Payments and other	(1,580)
Balance at September 30, 2020	250
Facility Closure and Other Costs
Restructuring Reserve [Roll Forward]
Balance at January 1, 2020	2,110
Payments and other	(190)
Balance at September 30, 2020	$ 1,920

Restructuring - Additional Info

Restructuring - Additional Information (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	$ 2,170	$ 3,940

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
Renewal term for operating leases	5 years		5 years
Termination term			1 year
Operating lease cost	$ 4,260	$ 4,330	$ 11,460	$ 13,330
Operating cash flows from operating leases	3,950	4,564	12,060	14,320
Right-of-use assets obtained in exchange for operating lease obligations	$ 1,500	190	$ 4,080	15,030
Weighted average remaining lease term	6 years 1 month 6 days		6 years 1 month 6 days		6 years 9 months 18 days
Weighted average discount rate	8.40%		8.40%		8.70%
Write off of operating lease assets		$ 4,300	$ 0	$ 4,250
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term			1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term			11 years

Contingencies (Details)

Contingencies (Details) - USD ($)	Apr. 29, 2020	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Loss Contingencies [Line Items]
Loss contingency liability		$ 0			$ 0		$ 3,900,000
Asset recorded associated with loss contingency accrual							$ 400,000
Loss contingency charges				$ 4,300,000		$ 0
Settlement amount	$ 4,400,000
Accrued Liabilities
Loss Contingencies [Line Items]
Liabilities for patent infringement		900,000			900,000
Other Noncurrent Liabilities
Loss Contingencies [Line Items]
Liabilities for patent infringement		3,300,000			3,300,000
Prepaid Expenses and Other Current Assets
Loss Contingencies [Line Items]
Estimated Litigation Asset		900,000			900,000
Other Assets
Loss Contingencies [Line Items]
Estimated Litigation Asset		1,900,000			1,900,000
Cost of Sales [Member]
Loss Contingencies [Line Items]
Loss contingency charges		$ 200,000	$ 1,500,000		$ 1,900,000

Earnings (Loss) per Share - Rec

Earnings (Loss) per Share - Reconciliation of Numerator and Denominator of Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Earnings Per Share [Abstract]
Net loss from continuing operations	$ 1,590	$ (37,500)	$ (31,660)	$ (78,030)
Income (loss) from discontinued operations, net of tax	0	182,750	(500)	189,520
Less: Net loss attributable to noncontrolling interest	(340)	(260)	(1,010)	(840)
Net income (loss) attributable to Horizon Global	$ 1,930	$ 145,510	$ (31,150)	$ 112,330
Weighted average shares outstanding, basic (in shares)	25,939,741	25,329,492	25,651,789	25,267,310
Dilutive effect of stock-based awards (in shares)	7,389,365	0	0	0
Weighted average shares outstanding, diluted (in shares)	33,329,106	25,329,492	25,651,789	25,267,310
Basic income (loss) per share attributable to Horizon Global
Continuing operations (in dollars per share)	$ 0.07	$ (1.47)	$ (1.19)	$ (3.05)
Discontinued operations (in dollars per share)	0	7.21	(0.02)	7.50
Total	0.07	5.74	(1.21)	4.45
Diluted income (loss) per share attributable to Horizon Global
Continuing operations (in dollars per share)	0.06	(1.47)	(1.19)	(3.05)
Discontinued operations (in dollars per share)	0	7.21	(0.02)	7.50
Total	$ 0.06	$ 5.74	$ (1.21)	$ 4.45

Earnings (Loss) per Share - Sch

Earnings (Loss) per Share - Schedule of Antidilutive Securities (Details) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
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	18,961	53,321	18,961	61,184
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	0	1,524,778	1,820,186	1,101,855
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	0	6,545,479	6,376,519	3,671,607
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)	$ 11.02	$ 11.29	$ 11.02	$ 11.29

Equity Awards - Stock Options N

Equity Awards - Stock Options Narrative (Details)	Sep. 30, 2020shares
Horizon 2015 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares Authorized	4,400,000
Horizon 2020 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares Authorized	4,100,000

Equity Awards - Stock Option Ac

Equity Awards - Stock Option Activity Table (Details)	9 Months Ended
	Sep. 30, 2020USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Beginning balance (in shares) | shares	37,737
Granted (in shares) | shares	0
Exercised (in shares) | shares	0
Canceled, forfeited (in shares) | shares	(18,776)
Expired (in shares) | shares	0
Ending balance (in shares) | shares	18,961
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Beginning balance (in usd per share) | $ / shares	$ 10.52
Granted (in usd per share) | $ / shares	0
Exercised (in usd per share) | $ / shares	0
Canceled, forfeited (in usd per share) | $ / shares	10.61
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 2 months 12 days
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, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)$ / sharesshares	Sep. 30, 2019USD ($)	Dec. 31, 2019$ / sharesRateshares
Restricted Stock And Performance Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			1,502,072		1,950,296
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			1,502,072
Grant date fair value (in usd per share) | $ / shares			$ 2.92
Unrecognized compensation cost | $	$ 4		$ 4
Weighted-average period for recognition of the unrecognized unvested restricted shares-based compensation expense			2 years 2 months 12 days
Restricted shares-based compensation expense | $	$ 0.9	$ 0.9	$ 2.2	$ 1.8
Performance Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Debt Instrument, Convertible, Threshold Consecutive Trading Days					20
Risk-free interest rate (as a percent) | Rate					2.43%
Expected stock volatility (as a percent) | Rate					84.10%
Grant date fair value (in usd per share) | $ / shares					$ 3.69
Tranche One | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			284,859		353,592
Tranche Two | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			277,228		27,840
Tranche Three | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			21,351		245,134
Tranche Four | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			918,634		25,000
Tranche Five | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)					25,000
Tranche Six | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)					5,000
Tranche Seven | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)					411,373
Tranche Eight | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)					857,357
Tranche Nine | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)					757,357
Tranche Ten | Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)					100,000
Minimum | Performance Stock Units [Member]
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 | Performance Stock Units [Member]
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 Stock Units [Member]	9 Months Ended
	Sep. 30, 2020$ / 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	1,393,085
Granted (in shares) | shares	1,502,072
Vested (in shares) | shares	(581,803)
Canceled, forfeited (in shares) | shares	(455,072)
Ending balance (in shares) | shares	1,858,282
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	$ 4.30
Granted (in usd per share) | $ / shares	2.92
Vested (in usd per share) | $ / shares	3.92
Canceled, forfeited (in usd per share) | $ / shares	4.87
Ending balance (in usd per share) | $ / shares	$ 3.16

Shareholders' Equity - (Details

Shareholders' Equity - (Details) - USD ($) $ / shares in Units, $ in Thousands	Jun. 25, 2019	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
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)		26,902,439						26,902,439		26,073,894
Common Stock, outstanding shares (in shares)		26,215,933						26,215,933		25,387,388
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)		5,993,539						5,993,539		6,487,674
Class of Warrant or Right, Outstanding		5,993,539						5,993,539		6,487,674
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right		560,611						560,611
Class of Warrant or Right, Number of Securities Called by Warrants or Rights		372,963						372,963
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		$ (26,140)	$ (12,410)	$ 8,600	$ (88,320)	$ (85,980)	$ (66,220)	$ 8,600	$ (66,220)
Total other comprehensive income (loss), net of tax		1,900	2,040	(4,340)	(1,760)	(130)	140	(400)	(1,750)
Ending balance		(22,090)	(26,140)	(12,410)	38,750	(88,320)	(85,980)	(22,090)	38,750
Derivative Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance				0			1,960	0	1,960
Net unrealized gains (losses) arising during the period								0	730
Less: Net realized gains (losses) reclassified to net loss									2,450
Amounts reclassified from AOCI									(20)
Total other comprehensive income (loss), net of tax								0	(1,740)
Ending balance		0			220			0	220
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance				(9,790)			5,800	(9,790)	5,800
Net unrealized gains (losses) arising during the period								(400)	(30)
Less: Net realized gains (losses) reclassified to net loss									0
Amounts reclassified from AOCI									(17,240)
Total other comprehensive income (loss), net of tax								(400)	(17,270)
Ending balance		(10,190)			(11,470)			(10,190)	(11,470)
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		(12,090)	(14,130)	(9,790)	7,770	7,900	7,760	(9,790)	7,760
Net unrealized gains (losses) arising during the period								(400)	700
Less: Net realized gains (losses) reclassified to net loss									2,450
Amounts reclassified from AOCI									(17,260)
Total other comprehensive income (loss), net of tax		1,900	2,040	(4,340)	(1,760)	(130)	140	(400)	(19,010)
Ending balance		(10,190)	(12,090)	(14,130)	(11,250)	7,770	7,900	(10,190)	(11,250)
Common Stock Warrants
Accumulated Other Comprehensive Income (Loss) [Line Items]
Conversion of Stock, Shares Converted	2,952,248
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		10,610	10,610	10,610	10,720	5,380	0	10,610	0
Ending balance		9,800	10,610	10,610	10,720	10,720	5,380	9,800	10,720
Common Stock
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		250	250	250	250	250	250	250	250
Ending balance		260	250	250	250	250	250	260	250
Paid-in Capital
Accumulated Other Comprehensive Income (Loss) [Line Items]
Exercise of stock warrants		800						800
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		164,550	163,600	163,240	161,920	161,330	160,990	163,240	160,990
Ending balance		$ 165,910	$ 164,550	$ 163,600	$ 162,760	$ 161,920	$ 161,330	$ 165,910	$ 162,760
Series A [Member] | Preferred Stock
Accumulated Other Comprehensive Income (Loss) [Line Items]
Issued warrants (in shares)	90,667				90,667				90,667

Segment Information (Details)

Segment Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)segment	Sep. 30, 2019USD ($)
Segment Reporting [Abstract]
Number of Reportable Segments | segment			2
Segment Reporting Information [Line Items]
Net sales	$ 201,630	$ 177,850	$ 485,370	$ 548,170
Operating Profit (Loss)	8,560	(12,760)	(6,090)	(23,480)
Horizon Americas
Segment Reporting Information [Line Items]
Net sales	119,140	96,220	285,630	300,670
Horizon Europe-Africa
Segment Reporting Information [Line Items]
Net sales	82,490	81,630	199,740	247,500
Operating Segments [Member] | Horizon Americas
Segment Reporting Information [Line Items]
Net sales	119,140	96,220	285,630	300,670
Operating Profit (Loss)	13,170	(2,230)	19,330	5,760
Operating Segments [Member] | Horizon Europe-Africa
Segment Reporting Information [Line Items]
Net sales	82,490	81,630	199,740	247,500
Operating Profit (Loss)	2,440	1,730	(6,040)	120
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Operating Profit (Loss)	$ (7,050)	$ (12,260)	$ (19,380)	$ (29,360)

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Effective Income Tax Rate (as a percent)	5.90%	2.60%	(0.50%)	2.90%

Other Expenses, Net (Details)

Other Expenses, Net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Other Income and Expenses [Abstract]
Foreign currency gain / (loss)	$ 1,080	$ (1,180)	$ (670)	$ (1,800)
Customer pay discounts	(420)	(300)	(960)	(1,220)
Loss on sale of business	0	0	0	(3,630)
Other	30	(160)	200	40
Total	$ 690	$ (1,640)	$ (1,430)	$ (6,610)