Horizon Global (HZN) 10-Q 4 Nov 21 2021 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2021	Nov. 01, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
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	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		27,286,647
Entity Central Index Key	0001637655
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 17,350	$ 44,970
Restricted cash	5,500	5,720
Receivables, net	96,320	87,420
Inventories	164,270	115,320
Prepaid expenses and other current assets	13,510	11,510
Total current assets	296,950	264,940
Property and equipment, net	72,940	74,090
Operating lease right-of-use assets	38,290	47,310
Goodwill	0	3,360
Other intangibles, net	52,870	58,230
Deferred income taxes	1,220	1,280
Other assets	6,060	7,280
Total assets	468,330	456,490
Current liabilities:
Short-term borrowings and current maturities, long-term debt	5,940	14,120
Accounts payable	111,270	99,520
Short-term operating lease liabilities	11,120	12,180
Accrued liabilities	53,340	59,100
Total current liabilities	181,670	184,920
Gross long-term debt	290,340	251,960
Unamortized debt issuance costs and discount	(29,000)	(20,570)
Long-term debt	261,340	231,390
Deferred income taxes	3,650	3,130
Long-term operating lease liabilities	36,970	46,340
Other long-term liabilities	10,630	14,560
Total liabilities	494,260	480,340
Contingencies (See Note 10)
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; 27,973,153 shares issued and 27,286,647 outstanding at September 30, 2021, and 27,089,673 shares issued and 26,403,167 outstanding at December 31, 2020	270	260
Common stock warrants issued, outstanding and exercisable for 9,231,146 and 5,815,039 shares of common stock at September 30, 2021 and December 31, 2020, respectively	25,010	9,510
Paid-in capital	170,050	166,610
Treasury stock, at cost: 686,506 shares at September 30, 2021 and December 31, 2020	(10,000)	(10,000)
Accumulated deficit	(194,520)	(178,530)
Accumulated other comprehensive loss	(10,610)	(6,540)
Total Horizon Global shareholders' deficit	(19,800)	(18,690)
Noncontrolling interest	(6,130)	(5,160)
Total shareholders' deficit	(25,930)	(23,850)
Total liabilities and shareholders' equity	$ 468,330	$ 456,490

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2021	Dec. 31, 2020
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)	27,973,153	27,089,673
Common Stock, outstanding shares (in shares)	27,286,647	26,403,167
Issued warrants (in shares)	9,231,146	5,815,039
Warrants outstanding and exercisable (in shares)	9,231,146	5,815,039
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, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
Net sales	$ 196,540	$ 201,630	$ 617,850	$ 485,370
Cost of sales	(157,780)	(158,260)	(491,240)	(397,700)
Gross profit	38,760	43,370	126,610	87,670
Selling, general and administrative expenses	(32,430)	(34,810)	(102,170)	(93,760)
Operating profit (loss)	6,330	8,560	24,440	(6,090)
Other (expense) income, net	(1,720)	690	(5,940)	(1,430)
Loss on debt extinguishment	0	0	(11,650)	0
Interest expense	(6,970)	(7,560)	(21,000)	(23,970)
(Loss) income from continuing operations before income tax	(2,360)	1,690	(14,150)	(31,490)
Income tax expense	(410)	(100)	(2,810)	(170)
Net (loss) income from continuing operations	(2,770)	1,590	(16,960)	(31,660)
Loss from discontinued operations, net of income tax	0	0	0	(500)
Net (loss) income	(2,770)	1,590	(16,960)	(32,160)
Less: Net loss attributable to noncontrolling interest	(300)	(340)	(970)	(1,010)
Net (loss) income attributable to Horizon Global	$ (2,470)	$ 1,930	$ (15,990)	$ (31,150)
Basic:
Continuing operations (in dollars per share)	$ (0.09)	$ 0.07	$ (0.59)	$ (1.19)
Discontinued operations (in dollars per share)	0	0	0	(0.02)
Total (in dollars per share)	(0.09)	0.07	(0.59)	(1.21)
Diluted:
Continuing operations (in dollars per share)	(0.09)	0.06	(0.59)	(1.19)
Discontinued operations (in dollars per share)	0	0	0	(0.02)
Total (in dollars per share)	$ (0.09)	$ 0.06	$ (0.59)	$ (1.21)
Weighted average common shares outstanding:
Basic (in shares)	27,286,600	25,939,741	27,019,554	25,651,789
Diluted (in shares)	27,286,600	33,329,106	27,019,554	25,651,789

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (2,770)	$ 1,590	$ (16,960)	$ (32,160)
Other comprehensive (loss) income, net of tax:
Foreign currency translation and other	(1,650)	1,900	(4,070)	(400)
Total other comprehensive (loss) income, net of tax	(1,650)	1,900	(4,070)	(400)
Total comprehensive (loss) income	(4,420)	3,490	(21,030)	(32,560)
Less: Comprehensive loss attributable to noncontrolling interest	(300)	(340)	(970)	(1,010)
Comprehensive (loss) income attributable to Horizon Global	$ (4,120)	$ 3,830	$ (20,060)	$ (31,550)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash Flows from Operating Activities:
Net (loss) income	$ (16,960)	$ (32,160)
Less: Net loss from discontinued operations	0	(500)
Net loss from continuing operations	(16,960)	(31,660)
Adjustments to reconcile net loss from continuing operations to net cash (used for) provided by operating activities:
Depreciation	11,710	11,110
Amortization of intangible assets	4,220	5,040
Loss on debt extinguishment	11,650	0
Amortization of original issuance discount and debt issuance costs	8,010	11,450
Deferred income taxes	730	(820)
Non-cash compensation expense	2,590	2,190
Paid-in-kind interest	650	6,280
Increase in receivables	(12,360)	(35,170)
(Increase) decrease in inventories	(52,700)	30,100
Increase in prepaid expenses and other assets	(1,910)	(4,080)
Increase in accounts payable and accrued liabilities	11,820	29,800
Other, net	1,910	(50)
Net cash (used for) provided by operating activities from continuing operations	(30,640)	24,190
Cash Flows from Investing Activities:
Capital expenditures	(14,730)	(8,090)
Other, net	20	70
Net cash used for investing activities from continuing operations	(14,710)	(8,020)
Cash Flows from Financing Activities:
Proceeds from borrowings on credit facilities	2,870	6,440
Repayments of borrowings on credit facilities	(1,960)	(3,330)
Proceeds from Senior Term Loan, net of issuance costs	75,300	0
Repayments of borrowings on Replacement Term Loan, including transaction fees	(94,940)	0
Proceeds from Revolving Credit Facility, net of issuance costs	28,680	54,680
Repayments of borrowings on Revolving Credit Facility	(8,000)	(28,300)
Proceeds from ABL revolving debt, net of issuance costs	0	8,000
Repayments of borrowings on ABL revolving debt	0	(27,920)
Proceeds from Paycheck Protection Program Loan	0	8,670
Proceeds from issuance of common stock warrants	16,300	0
Proceeds from exercise of common stock warrants	420	0
Other, net	(650)	(320)
Net cash provided by financing activities from continuing operations	18,020	17,920
Discontinued Operations:
Net cash used for discontinued operations	0	(500)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(510)	290
(Decrease) increase for the period	(27,840)	33,880
At beginning of period	50,690	11,770
At end of period	22,850	45,650
Supplemental disclosure of cash flow information:
Cash paid for interest	16,130	4,990
Cash paid for taxes, net of refunds	$ 2,010	$ 990

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 (Loss) Income	Total Horizon Global Shareholders' Equity (Deficit)	Noncontrolling Interest
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 (loss) income	(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 (loss) income	(32,160)
Other comprehensive income (loss), net of tax	(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 (loss) income	(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 (loss) income	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 common 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)
Beginning balance at Dec. 31, 2020	(23,850)	260	9,510	166,610	(10,000)	(178,530)	(6,540)	(18,690)	(5,160)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(15,150)					(14,810)		(14,810)	(340)
Other comprehensive income (loss), net of tax	(2,290)						(2,290)	(2,290)
Shares surrendered upon vesting of employees share based payment awards to cover tax obligations	(650)			(650)				(650)
Non-cash compensation expense	960			960				960
Issuance of common stock warrants	16,300		16,300					16,300
Exercise of common stock warrants	420	10	(800)	1,210				420
Ending balance at Mar. 31, 2021	(24,260)	270	25,010	168,130	(10,000)	(193,340)	(8,830)	(18,760)	(5,500)
Beginning balance at Dec. 31, 2020	(23,850)	260	9,510	166,610	(10,000)	(178,530)	(6,540)	(18,690)	(5,160)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(16,960)
Other comprehensive income (loss), net of tax	(4,070)
Ending balance at Sep. 30, 2021	(25,930)	270	25,010	170,050	(10,000)	(194,520)	(10,610)	(19,800)	(6,130)
Beginning balance at Mar. 31, 2021	(24,260)	270	25,010	168,130	(10,000)	(193,340)	(8,830)	(18,760)	(5,500)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	960					1,290		1,290	(330)
Other comprehensive income (loss), net of tax	(130)						(130)	(130)
Shares surrendered upon vesting of employees share based payment awards to cover tax obligations	10			10				10
Non-cash compensation expense	930			930				930
Ending balance at Jun. 30, 2021	(22,490)	270	25,010	169,070	(10,000)	(192,050)	(8,960)	(16,660)	(5,830)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(2,770)					(2,470)		(2,470)	(300)
Other comprehensive income (loss), net of tax	(1,650)						(1,650)	(1,650)
Shares surrendered upon vesting of employees share based payment awards to cover tax obligations	(10)			(10)				(10)
Non-cash compensation expense	990			990				990
Ending balance at Sep. 30, 2021	$ (25,930)	$ 270	$ 25,010	$ 170,050	$ (10,000)	$ (194,520)	$ (10,610)	$ (19,800)	$ (6,130)

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	9 Months Ended
	Sep. 30, 2021
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,” “our”, or the “Company”) are a leading designer, manufacturer and distributor of a wide variety of high quality, custom-engineered towing, trailering, cargo management and other related accessory products, primarily in the North American, European and African markets. These products are designed to support aftermarket, automotive original equipment manufacturers (“automotive OEMs”) and automotive original equipment servicers (“automotive OESs”) (collectively, “OEs”), retail, e-commerce and industrial customers within the agricultural, automotive, construction, horse/livestock, industrial, marine, military, recreational, trailer and utility markets. The Company groups its business into operating segments generally by the region in which sales and manufacturing efforts are focused. The Company’s operating segments are Horizon Americas and Horizon Europe-Africa. See Note 14, Segment Information , for further information on the Company’s operating segments. The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission 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 twelve months ended December 31, 2020. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States (“U.S. GAAP”) for complete financial statements. It is management’s opinion that these condensed consolidated 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. U.S. GAAP requires the Company 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 assessment of indefinite-lived intangible assets, 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, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements New accounting pronouncements not yet adopted In May 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2021-04, “ Earnings Per Share (Topic 260), Debt - Modifications and Extinguishments (Subtopic 470-50), Compensation - Stock Compensation (Topic 718), and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40) ” (“ASU 2021-04”). ASU 2021-04 provides guidance on modifications or exchanges of a freestanding equity-classified written call option that is not within the scope of other accounting standards. Under this guidance, an entity should treat a modification of the terms or conditions or an exchange of a freestanding equity-classified written call option that remains equity classified after modification or exchange as an exchange of the original instrument for a new instrument. ASU 2021-04 provides further guidance on measuring the effect of a modification or an exchange of a freestanding equity-classified written call option that remains equity classified after modification or exchange. ASU 2021-04 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2021, with early adoption permitted. We are currently assessing the impact of this update on the Company’s condensed consolidated financial statements. The standard is not expected to have a significant impact on the Company's condensed consolidated financial statements. In August 2020, the FASB issued 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 ,” (“ASC 470-20”) 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 recognize 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 allowance for credit losses 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. Accounting pronouncements recently adopted There were no new accounting pronouncements adopted during the nine months ended September 30, 2021.

Revenues

Revenues	9 Months Ended
	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenues	RevenuesThe Company disaggregates net sales from contracts with customers by major sales channel. The Company determined that disaggregating its net sales 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 e-commerce channel represents sales to retailers whose customers utilize the Internet to purchase the Company’s products. The industrial channel represents sales to non-automotive manufacturers and dealers of agricultural equipment, trailers, and other custom assemblies. 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 Company’s net sales by segment and disaggregated by major sales channel are as follows: Three Months Ended September 30, 2021 Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Net Sales Aftermarket $ 35,390 $ 22,400 $ 57,790 Automotive OEM 24,690 34,590 59,280 Automotive OES 3,570 20,790 24,360 Retail 26,460 — 26,460 E-commerce 16,970 1,950 18,920 Industrial 8,770 480 9,250 Other — 480 480 Total $ 115,850 $ 80,690 $ 196,540 Three Months Ended September 30, 2020 Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Net Sales Aftermarket $ 35,390 $ 24,360 $ 59,750 Automotive OEM 24,010 42,400 66,410 Automotive OES 2,980 13,820 16,800 Retail 34,290 — 34,290 E-commerce 15,240 630 15,870 Industrial 7,230 550 7,780 Other — 730 730 Total $ 119,140 $ 82,490 $ 201,630 Nine Months Ended September 30, 2021 Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Net Sales Aftermarket $ 107,640 $ 70,950 $ 178,590 Automotive OEM 74,860 127,340 202,200 Automotive OES 11,670 56,820 68,490 Retail 81,650 — 81,650 E-commerce 51,220 5,340 56,560 Industrial 27,020 1,660 28,680 Other — 1,680 1,680 Total $ 354,060 $ 263,790 $ 617,850 Nine Months Ended September 30, 2020 Horizon Americas Horizon Total (dollars in thousands) Net Sales Aftermarket $ 84,440 $ 56,750 $ 141,190 Automotive OEM 53,880 104,420 158,300 Automotive OES 5,330 34,000 39,330 Retail 80,690 — 80,690 E-commerce 41,120 1,290 42,410 Industrial 20,120 1,210 21,330 Other 50 2,070 2,120 Total $ 285,630 $ 199,740 $ 485,370

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Changes in the carrying amount of goodwill are as follows: Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Balance at January 1, 2021 $ 3,360 $ — $ 3,360 Divestiture of business (3,340) — (3,340) Foreign currency translation (20) — (20) Balance at September 30, 2021 $ — $ — $ — Brazil Sale On June 8, 2021, the Company divested its Brazil business via a share sale (the “Brazil Sale”). Under the terms of the Brazil Sale, the Company disposed all assets and liabilities of its Brazil business, including $3.3 million of goodwill within the Horizon Americas operating segment, for nominal consideration. As a result of the Brazil Sale, the Company recorded a $2.2 million loss during the second quarter of 2021 in other expense, net in the accompanying condensed consolidated statements of operations. The gross carrying amounts and accumulated amortization of the Company’s other intangible assets are as follows: September 30, 2021 Intangible Category by Useful Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount (dollars in thousands) Finite-lived intangible assets: Customer relationships (2 – 20 years) $ 162,970 $ (136,640) $ 26,330 Technology and other (3 – 15 years) 22,760 (17,280) 5,480 Sub-total 185,730 (153,920) 31,810 Trademark/Trade names, indefinite-lived 21,060 — 21,060 Total $ 206,790 $ (153,920) $ 52,870 December 31, 2020 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) $ 166,420 $ (135,140) $ 31,280 Technology and other (3 – 15 years) 22,250 (16,710) 5,540 Trademark/Trade names (1 – 8 years) 150 (150) — Sub-total 188,820 (152,000) 36,820 Trademark/Trade names, indefinite-lived 21,410 — 21,410 Total $ 210,230 $ (152,000) $ 58,230 Amortization expense related to other intangible assets is as follows: Three Months Ended September 30, Nine Months Ended 2021 2020 2021 2020 (dollars in thousands) Technology and other, included in cost of sales $ 210 $ 280 $ 990 $ 950 Customer relationships, included in selling, general and administrative expenses 1,040 1,330 3,230 4,090 Total $ 1,250 $ 1,610 $ 4,220 $ 5,040

Inventories

Inventories	9 Months Ended
	Sep. 30, 2021
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following components: September 30, December 31, (dollars in thousands) Finished goods $ 89,640 $ 58,600 Work in process 15,870 13,070 Raw materials 58,760 43,650 Total $ 164,270 $ 115,320

Property and Equipment, Net

Property and Equipment, Net	9 Months Ended
	Sep. 30, 2021
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 $ 520 Buildings and improvements 22,760 23,040 Machinery and equipment 142,390 134,750 Gross property and equipment 165,640 158,310 Accumulated depreciation (92,700) (84,220) Total $ 72,940 $ 74,090 Depreciation expense is as follows: Three Months Ended September 30, Nine Months Ended 2021 2020 2021 2020 (dollars in thousands) Depreciation expense, included in cost of sales $ 3,720 $ 3,920 $ 10,850 $ 10,330 Depreciation expense, included in selling, general and administrative expenses 240 90 860 780 Total $ 3,960 $ 4,010 $ 11,710 $ 11,110

Accrued and Other Long-term Lia

Accrued and Other Long-term Liabilities	9 Months Ended
	Sep. 30, 2021
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 $ 14,730 $ 15,870 Accrued compensation 11,020 12,130 Short-term tax liabilities 4,920 5,570 Customer claims 3,830 6,520 Accrued professional services 1,760 1,510 Litigation settlements 1,150 1,600 Restructuring 120 650 Deferred purchase price — 1,370 Other 15,810 13,880 Total $ 53,340 $ 59,100 Other long-term liabilities consist of the following components: September 30, December 31, (dollars in thousands) Litigation settlements $ 2,320 $ 2,930 Long-term tax liabilities 330 130 Deferred purchase price — 1,650 Restructuring — 1,070 Other 7,980 8,780 Total $ 10,630 $ 14,560

Long-term Debt

Long-term Debt	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt The Company’s long-term debt consists of the following components: September 30, December 31, (dollars in thousands) Revolving Credit Facility $ 44,910 $ 24,230 Senior Term Loan 100,000 — Replacement Term Loan — 90,210 Convertible Notes 125,000 125,000 Paycheck Protection Program Loan 8,670 8,670 Bank facilities, capital leases and other long-term debt 17,700 17,970 Gross debt 296,280 266,080 Less: Short-term borrowings and current maturities, long-term debt 5,940 14,120 Gross long-term debt 290,340 251,960 Unamortized debt issuance costs and discount: Unamortized debt issuance costs and original issuance discount on Senior Term Loan (22,870) — Unamortized debt issuance costs and original issuance discount on Replacement Term Loan — (9,100) Unamortized debt issuance costs and discount on Convertible Notes (6,130) (11,470) Total (29,000) (20,570) Long-term debt $ 261,340 $ 231,390 ABL Facility In December 2015, the Company entered into an Amended and Restated Loan Agreement with certain subsidiaries of the Company party thereto as guarantors, the lenders party thereto and Bank of America, N.A., as agent for the lenders, 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. The Amended and Restated Loan Agreement was subsequently amended on several occasions and as a result, the effective facility size was $80.0 million. 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, during the nine months ended September 30, 2020, the Company recognized $0.8 million of unamortized debt issuance costs in interest expense and $0.6 million of additional costs in selling, general and administrative expenses in the accompanying condensed consolidated statements of operations, in accordance with ASC 470-50, “Modifications and Extinguishments” (“ASC 470-50”). During the three and nine months ended September 30, 2021, the Company recognized no amortization of debt issuance costs and during the three and nine months ended September 30, 2020, the Company recognized no amortization of debt issuance costs and $0.4 million amortization of debt issuance costs, respectively, in the accompanying condensed consolidated statements of operations. 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 Horizon Global Americas Inc. and Cequent Towing Products of Canada Ltd., 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. In May 2020, the Company entered into amendments, limited waivers and consents in connection with the Loan Agreement, with an effective date of April 1, 2020, that, among other things, consented to the Company’s applying for, obtaining and incurring the PPP Loan, as defined and described below. In February 2021, the Company entered into a limited consent of the Loan Agreement, that among other modifications, consented to the Company’s entering into the Senior Term Loan Credit Agreement, as defined and described below. In April 2021, the Company entered into an amendment to the Loan Agreement, that among other modifications, increased the maximum amount of credit available under the Revolving Credit Facility to $85.0 million. The amendment also increased sub-limits relating to the Company’s ability to borrow against in-transit inventory as well as inventory located in the Company’s Mexico facilities. On September 17, 2021, the Company entered into an amendment to the Loan Agreement, that among other modifications, increased the maximum amount of credit available under the Revolving Credit Facility to $95.0 million. The amendment also increased the Company’s ability to borrow against receivables and sub-limits relating to in-transit inventory and inventory located in the Company’s Mexico facilities. The increased borrowing capacity against receivables and inventory is effective through December 31, 2021 . Interest on the loans under the Loan Agreement is 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, at 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. All outstanding borrowings under the Loan Agreement mature on March 13, 2023. 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 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. During the three and nine months ended September 30, 2021, the Company recognized $0.1 million and $0.4 million of amortization of debt issuance costs, respectively, and during the three and nine months ended September 30, 2020, the Company recognized $0.2 million and $0.9 million of amortization of debt issuance costs, respectively, in the accompanying condensed consolidated statements of operations. As of September 30, 2021 and December 31, 2020, there was $1.0 million and $1.1 million, respectively, of unamortized debt issuance costs included in other assets in the accompanying condensed consolidated balance sheets. As of September 30, 2021 and December 31, 2020, there was $44.9 million and $24.2 million outstanding, respectively, under the Revolving Credit Facility, with a weighted average interest rate of 5.3% and 5.0%, respectively. As of September 30, 2021 and December 31, 2020, the Company had $37.5 million and $38.4 million of availability, respectively, under the Revolving Credit Facility. As of September 30, 2021 and December 31, 2020, the Company had $2.1 million and $3.1 million, respectively, of letters of credit issued and outstanding, under the Revolving Credit Facility with no cash collateral requirement. As of September 30, 2021 and December 31, 2020, respectively, the Company also had $4.2 million and $4.9 million of other letters of credit issued and outstanding, under the Revolving Credit Facility with a cash collateral requirement. The cash collateral requirement is 105% of the outstanding letters of credit. As of September 30, 2021 and December 31, 2020, the Company had cash collateral, of $4.9 million and $5.1 million, respectively. Cash collateral is presented in restricted cash in the accompanying condensed consolidated balance sheets. First Lien Term Loan Agreement In June 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 was subsequently amended and restated on several occasions and is collectively referred to as the “First Lien Term Loan Agreement”. The Original Term B Loan was also subsequently amended on several occasions and is collectively referred to as the “First Lien Term Loan”. In May 2020, the Company entered into an amendment, limited waiver and consent to credit agreement 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, as defined and described below. As a result of the Replacement Term Loan Amendment, as defined and described below, the outstanding balance and any accrued interest was replaced by the Replacement Term Loan, as defined and described below. During the three and nine months ended September 30, 2021, the Company recognized no amortization of debt issuance costs and during the three and nine months ended September 30, 2020, the Company recognized no and $0.2 million amortization of debt issuance costs, respectively, in the accompanying condensed consolidated statements of operations. During the three and nine months ended September 30, 2021, the Company recognized no paid-in-kind (“PIK”) interest and during the three and nine months ended September 30, 2020, the Company recognized no and $0.4 million of PIK interest, respectively, in the accompanying condensed consolidated statements of operations. Second Lien Term Loan Agreement In March 2019, the Company entered into a credit agreement (the “Second Lien Term Loan Agreement”) with Cortland Capital Markets Services LLC, as administrative agent and collateral agent, and Corre Partners Management L.L.C., as representative of the lenders, and the lenders party thereto. The Second Lien Term Loan Agreement 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 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, as defined and described below. As a result of the Replacement Term Loan Amendment, as defined and described below, the outstanding balance and any accrued interest was replaced by the Replacement Term Loan, as defined and described below. During the three and nine months ended September 30, 2021, the Company recognized no amortization of debt issuance costs and during the three and nine months ended September 30, 2020, the Company recognized no and $2.7 million amortization of debt issuance costs, respectively, in the accompanying condensed consolidated statements of operations. During the three and nine months ended September 30, 2021, the Company recognized no PIK interest and during the three and nine months ended September 30, 2020, the Company recognized $0.1 million and $3.4 million of PIK interest, respectively, in the accompanying condensed consolidated statements of operations. Replacement Term Loan In July 2020, the Company entered into the 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 interest on the Replacement Term Loan was LIBOR plus 10.75% per annum, subject to a 1.00% LIBOR floor, of which 4.00% was payable in cash and the remainder of which was PIK interest (provided that the Company may elect on not more than one occasion to pay all interest as PIK interest). The Eleventh 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 and 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. In February 2021, the Company entered into the Senior Term Loan Credit Agreement, as defined and described below. The proceeds received from the initial borrowings under the Senior Term Loan Credit Agreement were used to repay in full all outstanding debt and accrued interest on the Company’s Replacement Term Loan. As a result of the repayment, the Term Loan Agreement was terminated and is no longer in effect. During the nine months ended September 30, 2021, the Company recognized $11.7 million as loss on debt extinguishment in the accompanying condensed consolidated statements of operations, in accordance with ASC 470-50. Included in the loss was $8.9 million of unamortized debt issuance and other costs and a $2.8 million prepayment penalty. During the three and nine months ended September 30, 2020, the Company recognized $0.2 million of additional costs in selling, general and administrative expense in the accompanying condensed consolidated statements of operations, in accordance with ASC 470-50. During the three and nine months ended September 30, 2021, the Company recognized no amortization of debt issuance costs and $0.4 million amortization of debt issuance costs, respectively, and during the three and nine months ended September 30, 2020, the Company recognized $1.2 million amortization of debt issuance costs in the accompanying condensed consolidated statements of operations. As of December 31, 2020, the Company had total unamortized debt issuance and discount costs of $9.1 million, all of which were recorded as a reduction of long-term debt in the accompanying condensed consolidated balance sheets. During the three and nine months ended September 30, 2021, the Company recognized no PIK interest and $0.7 million of PIK interest, respectively, and during the three and nine months ended September 30, 2020, the Company recognized $2.5 million PIK interest in the accompanying condensed consolidated statements of operations. As of December 31, 2020, the Company had $90.2 million of aggregate principal outstanding. Senior Term Loan Credit Agreement On February 2, 2021, the Company entered into a credit agreement (the “Senior Term Loan Credit Agreement”) with Atlantic Park Strategic Capital Fund, L.P. (“Atlantic Park”), as administrative agent and collateral agent, and the lenders party thereto (collectively, the “Lenders”). The Senior Term Loan Credit Agreement provides for an initial term loan facility in the aggregate principal amount of $100.0 million, all of which has been borrowed by the Company and was used to repay the Replacement Term Loan, as described above, and a delayed draw term loan facility in the aggregate principal amount of up to $125.0 million, which may be drawn by the Company in up to three separate borrowings through June 30, 2022. A ticking fee of 25 basis points per annum will accrue on the undrawn portion of the delayed draw term loan facility. Interest on the Senior Term Loan Credit Agreement is payable in cash on a quarterly basis at the interest rate of LIBOR plus 7.50% per annum, subject to a 1.00% LIBOR floor. The Senior Term Loan Credit Agreement includes customary affirmative and negative covenants, including a maximum total net leverage ratio requirement tested quarterly, commencing with the fiscal quarter ending March 31, 2023, not to exceed: 6.50 to 1.00. The Senior Term Loan Credit Agreement also contains a financial covenant that stipulates the Company will not make capital expenditures exceeding $27.5 million during any fiscal year. To the extent that the amount of capital expenditures is less than $27.5 million in any fiscal year, up to 50% of the difference may be carried forward and used for capital expenditures in the immediately succeeding fiscal year. Following a one-year no-call period, the Senior Term Loan Credit Agreement provides for a 2.5% call premium for years two through five and no premium thereafter. All outstanding borrowings under the Senior Term Loan Credit Agreement mature on February 2, 2027. All of the indebtedness under the Senior Term Loan Credit Agreement is and will be guaranteed by the Company’s existing and future United States, Canadian and Mexican subsidiaries and certain other foreign subsidiaries and is and will be secured by substantially all of the assets of the Company and such guarantors. Pursuant to the Senior Term Loan Credit Agreement, the Company issued warrants (the “Senior Term Loan Warrants”) to Atlantic Park to purchase in the aggregate up to 3,905,486 shares of the Company’s common stock, with an exercise price of $9.00 per share, subject to adjustment as provided in the Senior Term Loan Warrants. The Senior Term Loan Warrants are exercisable at any time prior to February 2, 2026. In accordance with guidance in ASC 480, “Distinguishing Liabilities from Equity” (“ASC 480”) and ASC 815, “Derivatives and Hedging” , the Senior Term Loan Credit Agreement and the Senior Term Loan Warrants are each freestanding instruments and proceeds were allocated to each instrument on a relative fair value basis of $82.4 million and $17.6 million, respectively. The Senior Term Loan Warrants are not within the scope of ASC 480 and do not meet the criteria for liability classification. However, the Senior Term Loan Warrants are determined to be indexed to the Company’s common stock and meet the requirements for equity classification pursuant to ASC 815-40, “ Derivatives and Hedging - Contracts in Entity’s Own Equity ”. The $17.6 million allocated to the Senior Term Loan Warrants was determined using an option pricing method and is recorded in common stock warrants in the accompanying condensed consolidated balance sheets. Debt issuance costs of $5.4 million and original issue discount of $3.0 million were incurred in connection with entry into the Senior Term Loan Credit Agreement. The total costs of $8.4 million were allocated to each instrument on a relative fair value basis. The $7.1 million allocated to the Senior Term Loan Credit Agreement will be amortized into interest expense over the contractual term of the loan using the effective interest method and the $1.3 million allocated to the Senior Term Loan Warrants was recorded as a reduction of equity. The Company determined the fair value of the Senior Term Loan Credit Agreement using a discount rate build up approach. The debt discount of $17.6 million created by the relative fair value allocation of the equity component is being amortized as additional non-cash interest expense using the effective interest method over the contractual term of the loan. The debt discount is recorded as a reduction of long-term debt in the accompanying condensed consolidated balance sheets. During the three and nine months ended September 30, 2021, the Company recognized $0.7 million and $1.8 million, respectively, of amortization of debt issuance and discount costs in the accompanying condensed consolidated statements of operations. As of September 30, 2021, the Company had total unamortized debt issuance and discount costs of $22.9 million, all of which were recorded as a reduction of long-term debt in the accompanying condensed consolidated balance sheets. As of September 30, 2021, the Company had $100.0 million aggregate principal outstanding. 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. In connection with the issuance of the Convertible Notes, the Company entered into convertible note hedge transactions (the “Convertible Note Hedges”) in privately negotiated transactions with certain of the underwriters or their affiliates (in this capacity, the “option counterparties”). The Convertible Note Hedges provide the Company with the option to acquire, on a net settlement basis, 5,005,000 shares of its common stock, which is equal to the number of shares of common stock that notionally underlie the Convertible Notes, at a strike price of $24.98, which corresponds to the conversion price of the Convertible Notes. The Convertible Note Hedges have an expiration date that is the same as the maturity date of the Convertible Notes, subject to earlier exercise. The Convertible Note Hedges have customary anti-dilution provisions similar to the Convertible Notes. The Convertible Notes were not convertible during the third quarter of 2021, as no conditions allowing holders of the Convertible Notes to convert have been met. 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, 2021, 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 . 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. During the three and nine months ended September 30, 2021, the Company recognized total interest expense of $2.6 million and $7.9 million and during the three and nine months ended September 30, 2020, the Company recognized total interest expense of $2.5 million and $7.6 million, respectively, in the accompanying condensed consolidated statements of operations. The interest expense recognized consists of contractual interest coupon, amortization of debt discount and amortization of debt issuance costs on the Convertible Notes, and is as follows: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (dollars in thousands) Contractual interest coupon on convertible debt $ 860 $ 860 $ 2,580 $ 2,600 Amortization of debt issuance costs 130 130 400 400 Amortization of "equity discount" related to debt 1,640 1,510 4,940 4,550 Total $ 2,630 $ 2,500 $ 7,920 $ 7,550 As a result of the Company’s Senior Term Loan Agreement entered into in February 2021, which includes the delayed draw term loan facility described above, the Company has the ability and intent to refinance the Convertible Notes, which mature on July 1, 2022. As of September 30, 2021 and December 31, 2020, the Company had total unamortized debt issuance and discount costs of $6.1 million and $11.5 million, respectively, which were recorded as a reduction of long-term debt in the accompanying condensed consolidated balance sheets. As of September 30, 2021 and December 31, 2020, the Company had $125.0 million of aggregate principal outstanding. Paycheck Protection Program Loan In April 2020, Horizon Global Company LLC (the “U.S. Borrower”), a direct U.S.-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 U.S. Borrower, matures on April 18, 2022. 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 (the “Treasury”), met the need and sized based criteria of the program. As of September 30, 2021, the Company’s application of loan forgiveness of $7.1 million of the $8.7 million of funds originally received is subject to the SBA’s final determination of forgiveness, which we expect to receive in the fourth quarter of 2021, based on the review timelines once a borrower has submitted its application in accordance with the issued regulations. The potential loan forgiveness is determined, subject to limitations, based on the use of loan proceeds for payment of qualifying expenses over the 24 weeks after the loan proceeds were disbursed. The unforgiven portion of the loan has an interest rate of 1.0% per annum. In July 2021, the note was amended to make the unforgiven portion payable over five years on a monthly basis. The Company has deferred interest payments until the Company’s application for forgiveness is completed in accordance with the guidance issued by the SBA and Treasury and the terms of the Company’s PPP Loan. While we currently believe that our use of the loan proceeds will meet the conditions for forgiveness of $7.1 million of our PPP Loan, there can be no assurance that forgiveness for any portion of the PPP Loan will be obtained. Covenant and Liquidity Matters The Company is in compliance with all of its financial covenants as of September 30, 2021.

Leases

Leases	9 Months Ended
	Sep. 30, 2021
Leases [Abstract]
Leases	Leases The Company leases certain facilities, automobiles and equipment under non-cancellable operating leases. Our leases have remaining lease terms of one 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. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. Refer to Note 3, Summary of Significant Accounting Policies, in the Company’s Annual Report on Form 10-K for the twelve months ended December 31, 2020, for more information. Supplemental information for the Company’s leases is as follows: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (dollars in thousands) Operating lease cost $ 3,040 $ 4,260 $ 10,670 $ 11,460 Nine Months Ended September 30, 2021 2020 Operating cash flows from operating leases $ 9,980 $ 12,060 ROU assets obtained in exchange for operating lease obligations $ 910 $ 4,080 September 30, December 31, Weighted average remaining lease term (years) 5.2 6.0 Weighted average discount rate 8.4 % 8.4 %

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies In April 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 during the first quarter of 2020 in cost of sales of the accompanying condensed consolidated statements of operations. During the three and nine months ended September 30, 2021, the Company recorded $0.2 million and $0.5 million of royalties, respectively, and during the three and nine months ended September 30, 2020, the Company recorded $0.2 million and $0.4 million of royalties, respectively, all of which were recorded in cost of sales in the accompanying condensed consolidated statements of operations. As of September 30, 2021 and December 31, 2020, the Company had recorded $0.9 million and $0.9 million, respectively, in prepaid expenses and other current assets and $1.2 million and $1.8 million, respectively, in other assets, in the accompanying condensed consolidated balance sheets related to the royalties to be recognized by the Company over the life of future programs connected to the Settlement. In addition, as of September 30, 2021 and December 31, 2020, the Company had $0.9 million and $1.0 million, respectively, in accrued liabilities and $2.3 million and $2.9 million, respectively, in other long-term liabilities, in the accompanying condensed consolidated balance sheets related to the remaining semi-annual installment payments.

Earnings (Loss) per Share

Earnings (Loss) per Share	9 Months Ended
	Sep. 30, 2021
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. A reconciliation of the numerator and the denominator of basic income (loss) per share attributable to Horizon Global and diluted income (loss) per share attributable to Horizon Global is as follows: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (dollars in thousands, except for per share amounts) Numerator: Net (loss) income from continuing operations $ (2,770) $ 1,590 $ (16,960) $ (31,660) Add: Loss from discontinued operations, net of income tax — — — (500) Less: Net loss attributable to noncontrolling interest (300) (340) (970) (1,010) Net (loss) income attributable to Horizon Global $ (2,470) $ 1,930 $ (15,990) $ (31,150) Denominator: Weighted average shares outstanding, basic 27,286,600 25,939,741 27,019,554 25,651,789 Dilutive effect of common stock equivalents — 7,389,365 — — Weighted average shares outstanding, diluted 27,286,600 33,329,106 27,019,554 25,651,789 Basic (loss) income per share attributable to Horizon Global Continuing operations $ (0.09) $ 0.07 $ (0.59) $ (1.19) Discontinued operations — — — (0.02) Total $ (0.09) $ 0.07 $ (0.59) $ (1.21) Diluted (loss) income per share attributable to Horizon Global Continuing operations $ (0.09) $ 0.06 $ (0.59) $ (1.19) Discontinued operations — — — (0.02) Total $ (0.09) $ 0.06 $ (0.59) $ (1.21) As a result of the net loss from continuing operations for the three months ended September 30, 2021 and nine months ended September 30, 2021 and 2020, the effect of certain dilutive securities was 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 are as follows: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Number of options 18,961 18,961 18,961 18,961 Exercise price of options $9.20 - $11.02 $9.20 - $11.02 $9.20 - $11.02 $9.20 - $11.02 Restricted stock units 1,761,463 — 1,863,498 1,820,186 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 Common stock warrants 9,231,146 — 8,810,164 6,376,519 For purposes of determining diluted loss per share, the Company has elected a policy to assume that the principal portion of the Convertible Notes, as described in Note 8, 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 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 loss per share.

Equity Awards

Equity Awards	9 Months Ended
	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
Equity Awards	Equity Awards Description of the Plans In June 2020, the shareholders approved the Horizon Global Corporation 2020 Equity and Incentive Compensation Plan (the “Horizon 2020 Plan”). Horizon employees, non-employee directors and certain consultants 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 U.S. 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 defined and described below, 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. Prior to the Horizon 2020 Plan, employees and non-employee directors participated in the Horizon Global Corporation 2015 Equity and Incentive Compensation Plan (as amended and restated, the “Horizon 2015 Plan”). The Horizon 2015 Plan authorized the Compensation Committee of the Horizon Board of Directors to grant stock options (including “incentive stock options” as defined in Section 422 of the U.S. Internal Revenue Code), restricted shares, restricted stock units, performance shares, performance stock units, cash incentive awards, and certain other awards based on or related to our common stock to Horizon employees and non-employee directors. Stock Options Horizon’s stock option activity is as follows: Number of Stock Options Weighted Average Exercise Price Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding at December 31, 2020 18,961 $ 10.43 Granted — — Exercised — — Canceled, forfeited — — Expired — — Outstanding at September 30, 2021 18,961 $ 10.43 4.2 $ — As of September 30, 2021, there was no unrecognized compensation cost related to stock options. During the three and nine months ended September 30, 2021 and 2020, there was no stock-based compensation expense recognized by the Company related to stock options. As of September 30, 2021, the aggregate intrinsic value of outstanding stock options was immaterial. Stock-based compensation expense is included in selling, general and administrative expenses in the accompanying condensed consolidated statements of operations. Restricted Stock Units During the nine months ended September 30, 2021, the Company granted an aggregate of 532,899 restricted stock units (“RSUs”) and performance stock units (“PSUs”) to certain key employees and non-employee directors. The total grants consisted of: (i) 83,482 RSUs that vested during the period; (ii) 153,563 time-based RSUs vesting on a ratable basis on March 1, 2022, March 1, 2023 and March 1, 2024; (iii) 230,350 PSUs vesting on April 1, 2024 and (iv) 65,504 time-based RSUs vesting on May 28, 2022. During 2020, the Company granted an aggregate of 1,502,072 RSUs and PSUs to certain key employees and non-employee directors. The total grants consisted of: (i) 284,859 time-based RSUs vesting on a ratable basis on March 3, 2021, March 3, 2022 and March 3, 2023; (ii) 277,228 time-based RSUs vesting on June 24, 2021; (iii) 21,351 time-based RSUs vesting on a ratable basis on April 2, 2021, March 3, 2022 and March 3, 2023 and (iv) 918,634 PSUs vesting on March 3, 2023. The performance criteria for the PSUs granted is based on the Company’s three-year cumulative EBITDA. The grant date fair values for the PSUs and RSUs are based on the closing trading price of the Company’s common stock on the date of grant. The grant date fair value of RSUs is expensed over the vesting period. Changes in the number of RSUs outstanding for the nine months ended September 30, 2021 are as follows: Number of Restricted Stock Units (a) Weighted Average Grant Date Fair Value Outstanding at December 31, 2020 1,800,682 $ 3.14 Granted 532,899 8.98 Vested (499,826) 2.64 Canceled, forfeited (71,669) 5.00 Outstanding at September 30, 2021 1,762,086 $ 4.97 (a) Includes PSUs at 100% attainment. As of September 30, 2021, there was $4.8 million in unrecognized compensation costs related to unvested RSUs that is expected to be recognized over a weighted-average period of 2.0 years. During the three and nine months ended September 30, 2021, the Company recognized $0.9 million and $2.6 million, respectively, of stock-based compensation expense related to RSUs, and during the three and nine months ended September 30, 2020, the Company recognized $0.9 million and $2.2 million, respectively, of stock-based compensation expense related to RSUs. 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, 2021
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. As of September 30, 2021 and December 31, 2020, there were no preferred shares outstanding. 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, 2021, there were 27,973,153 shares of common stock issued and 27,286,647 shares of common stock outstanding. As of December 31, 2020, there were 27,089,673 shares of common stock issued and 26,403,167 shares of common stock outstanding. Common Stock Warrants In March 2019, in connection with the Second Lien Term Loan, the Company became obligated to issue detachable warrants to purchase up to 6.25 million shares of the Company’s common stock, which can be exercised on a cashless basis over a five year term with an exercise price of $1.50 per share. In February 2021, in connection with the Senior Term Loan Credit Agreement, the Company issued the Senior Term Loan Warrants to purchase up to 3,905,486 shares of the Company’s common stock, which can be exercised on a cashless basis over a five year term with an exercise price of $9.00 per share. See Note 8, Long-term Debt , for additional information. As of September 30, 2021, warrants to purchase 1,228,490 shares of the Company’s common stock have been exercised, resulting in the issuance of 972,924 shares of the Company’s common stock. As of September 30, 2021, warrants to purchase 9,231,146 shares of the Company’s common stock were issued and remain outstanding. During the nine months ended September 30, 2021, a related-party entity, JKI Holdings, LLC, an entity owned by the chair of our board of directors, exercised in full the warrants that it originally received in connection with the March 2019 issuance described above, and paid the exercise price in cash and received 278,283 shares of common stock. During the nine months ended September 30, 2021, the Company recognized $0.3 million of non-cash transactions in connection with warrants exercised. Accumulated Other Comprehensive Income (Loss) (“AOCI”) The change in AOCI attributable to Horizon Global by component, net of tax, for the nine months ended September 30, 2021 is as follows: Foreign Currency Translation and Other (dollars in thousands) Balance at January 1, 2021 $ (6,540) Net unrealized losses arising during the period (4,070) Net change (4,070) Balance at September 30, 2021 $ (10,610) The change in AOCI attributable to Horizon Global by component, net of tax, for the nine months ended September 30, 2020 is as follows: Foreign Currency Translation and Other (dollars in thousands) Balance at January 1, 2020 $ (9,790) Net unrealized losses arising during the period (400) Net change (400) Balance at September 30, 2020 $ (10,190)

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Segment Information	Segment Information The Company groups its business into operating segments generally 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 operations, and prior to the Brazil Sale also included the Company’s South American operations. Horizon Europe-Africa is comprised of the Company’s European and South African operations. See below for further information regarding the types of products and services provided within each operating segment. The Company previously had a third operating segment, Horizon Asia-Pacific (“APAC”); however, the APAC segment was sold on September 19, 2019, and is presented as a discontinued operation in the accompanying condensed consolidated financial statements. During the first quarter of 2020, the remaining post-closing conditions of the sale were completed, resulting in a true up to net cash proceeds, which were recognized as a loss on sale of discontinued operations of $0.5 million in accordance with Accounting Standards Codification 205, “ Discontinued Operations” . 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 automotive OEMs, automotive 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 Company’s operating segment activity is as follows: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (dollars in thousands) Net Sales Horizon Americas $ 115,850 $ 119,140 $ 354,060 $ 285,630 Horizon Europe-Africa 80,690 82,490 263,790 199,740 Total $ 196,540 $ 201,630 $ 617,850 $ 485,370 Operating Profit (Loss) Horizon Americas $ 12,400 $ 13,170 $ 41,000 $ 19,330 Horizon Europe-Africa (150) 2,440 2,550 (6,040) Corporate (5,920) (7,050) (19,110) (19,380) Total $ 6,330 $ 8,560 $ 24,440 $ (6,090)

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2021
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. During the three and nine months ended September 30, 2021, the effective income tax rate was (17.4)% and (19.9)%, respectively. During the three and nine months ended September 30, 2020, the effective income tax rate was 5.9% and (0.5)%, respectively. The differences in the effective tax rate compared to the statutory tax rate is attributable to the valuation allowance recorded in the U.S. and several foreign jurisdictions, which resulted in no income tax benefit recognized for jurisdictional pretax losses, and therefore, are excluded from the estimated effective tax rate.

Other (Expense) Income, Net

Other (Expense) Income, Net	9 Months Ended
	Sep. 30, 2021
Other Income and Expenses [Abstract]
Other (Expense) Income, Net	Other (Expense) Income, Net Other (expense) income, net consists of the following components: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (dollars in thousands) Foreign currency (loss) gain $ (1,370) $ 1,080 $ (3,020) $ (670) Customer pay discounts (280) (420) (780) (960) Loss on sale of business — — (2,230) — Other, net (70) 30 90 200 Total $ (1,720) $ 690 $ (5,940) $ (1,430)

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 30, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements New accounting pronouncements not yet adopted In May 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2021-04, “ Earnings Per Share (Topic 260), Debt - Modifications and Extinguishments (Subtopic 470-50), Compensation - Stock Compensation (Topic 718), and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40) ” (“ASU 2021-04”). ASU 2021-04 provides guidance on modifications or exchanges of a freestanding equity-classified written call option that is not within the scope of other accounting standards. Under this guidance, an entity should treat a modification of the terms or conditions or an exchange of a freestanding equity-classified written call option that remains equity classified after modification or exchange as an exchange of the original instrument for a new instrument. ASU 2021-04 provides further guidance on measuring the effect of a modification or an exchange of a freestanding equity-classified written call option that remains equity classified after modification or exchange. ASU 2021-04 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2021, with early adoption permitted. We are currently assessing the impact of this update on the Company’s condensed consolidated financial statements. The standard is not expected to have a significant impact on the Company's condensed consolidated financial statements. In August 2020, the FASB issued 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 ,” (“ASC 470-20”) 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 recognize 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 allowance for credit losses 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. Accounting pronouncements recently adopted There were no new accounting pronouncements adopted during the nine months ended September 30, 2021.

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
Schedule of Net Sales Disaggregated by Major Sales Channels	The Company’s net sales by segment and disaggregated by major sales channel are as follows: Three Months Ended September 30, 2021 Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Net Sales Aftermarket $ 35,390 $ 22,400 $ 57,790 Automotive OEM 24,690 34,590 59,280 Automotive OES 3,570 20,790 24,360 Retail 26,460 — 26,460 E-commerce 16,970 1,950 18,920 Industrial 8,770 480 9,250 Other — 480 480 Total $ 115,850 $ 80,690 $ 196,540 Three Months Ended September 30, 2020 Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Net Sales Aftermarket $ 35,390 $ 24,360 $ 59,750 Automotive OEM 24,010 42,400 66,410 Automotive OES 2,980 13,820 16,800 Retail 34,290 — 34,290 E-commerce 15,240 630 15,870 Industrial 7,230 550 7,780 Other — 730 730 Total $ 119,140 $ 82,490 $ 201,630 Nine Months Ended September 30, 2021 Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Net Sales Aftermarket $ 107,640 $ 70,950 $ 178,590 Automotive OEM 74,860 127,340 202,200 Automotive OES 11,670 56,820 68,490 Retail 81,650 — 81,650 E-commerce 51,220 5,340 56,560 Industrial 27,020 1,660 28,680 Other — 1,680 1,680 Total $ 354,060 $ 263,790 $ 617,850 Nine Months Ended September 30, 2020 Horizon Americas Horizon Total (dollars in thousands) Net Sales Aftermarket $ 84,440 $ 56,750 $ 141,190 Automotive OEM 53,880 104,420 158,300 Automotive OES 5,330 34,000 39,330 Retail 80,690 — 80,690 E-commerce 41,120 1,290 42,410 Industrial 20,120 1,210 21,330 Other 50 2,070 2,120 Total $ 285,630 $ 199,740 $ 485,370

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying amount of goodwill are as follows: Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Balance at January 1, 2021 $ 3,360 $ — $ 3,360 Divestiture of business (3,340) — (3,340) Foreign currency translation (20) — (20) Balance at September 30, 2021 $ — $ — $ —
Schedule of Intangible Assets (excluding Goodwill) by Major Class	The gross carrying amounts and accumulated amortization of the Company’s other intangible assets are as follows: September 30, 2021 Intangible Category by Useful Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount (dollars in thousands) Finite-lived intangible assets: Customer relationships (2 – 20 years) $ 162,970 $ (136,640) $ 26,330 Technology and other (3 – 15 years) 22,760 (17,280) 5,480 Sub-total 185,730 (153,920) 31,810 Trademark/Trade names, indefinite-lived 21,060 — 21,060 Total $ 206,790 $ (153,920) $ 52,870 December 31, 2020 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) $ 166,420 $ (135,140) $ 31,280 Technology and other (3 – 15 years) 22,250 (16,710) 5,540 Trademark/Trade names (1 – 8 years) 150 (150) — Sub-total 188,820 (152,000) 36,820 Trademark/Trade names, indefinite-lived 21,410 — 21,410 Total $ 210,230 $ (152,000) $ 58,230
Schedule of Finite-Lived Intangible Assets, Amortization Expense	Amortization expense related to other intangible assets is as follows: Three Months Ended September 30, Nine Months Ended 2021 2020 2021 2020 (dollars in thousands) Technology and other, included in cost of sales $ 210 $ 280 $ 990 $ 950 Customer relationships, included in selling, general and administrative expenses 1,040 1,330 3,230 4,090 Total $ 1,250 $ 1,610 $ 4,220 $ 5,040

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2021
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories consist of the following components: September 30, December 31, (dollars in thousands) Finished goods $ 89,640 $ 58,600 Work in process 15,870 13,070 Raw materials 58,760 43,650 Total $ 164,270 $ 115,320

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	9 Months Ended
	Sep. 30, 2021
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 $ 520 Buildings and improvements 22,760 23,040 Machinery and equipment 142,390 134,750 Gross property and equipment 165,640 158,310 Accumulated depreciation (92,700) (84,220) Total $ 72,940 $ 74,090
Depreciation Expense	Depreciation expense is as follows: Three Months Ended September 30, Nine Months Ended 2021 2020 2021 2020 (dollars in thousands) Depreciation expense, included in cost of sales $ 3,720 $ 3,920 $ 10,850 $ 10,330 Depreciation expense, included in selling, general and administrative expenses 240 90 860 780 Total $ 3,960 $ 4,010 $ 11,710 $ 11,110

Accrued and Other Long-term L_2

Accrued and Other Long-term Liabilities (Tables)	9 Months Ended
	Sep. 30, 2021
Accrued Liabilities [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consist of the following components: September 30, December 31, (dollars in thousands) Customer incentives $ 14,730 $ 15,870 Accrued compensation 11,020 12,130 Short-term tax liabilities 4,920 5,570 Customer claims 3,830 6,520 Accrued professional services 1,760 1,510 Litigation settlements 1,150 1,600 Restructuring 120 650 Deferred purchase price — 1,370 Other 15,810 13,880 Total $ 53,340 $ 59,100 Other long-term liabilities consist of the following components: September 30, December 31, (dollars in thousands) Litigation settlements $ 2,320 $ 2,930 Long-term tax liabilities 330 130 Deferred purchase price — 1,650 Restructuring — 1,070 Other 7,980 8,780 Total $ 10,630 $ 14,560

Long-term Debt (Tables)

Long-term Debt (Tables)	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Schedule of Debt	The Company’s long-term debt consists of the following components: September 30, December 31, (dollars in thousands) Revolving Credit Facility $ 44,910 $ 24,230 Senior Term Loan 100,000 — Replacement Term Loan — 90,210 Convertible Notes 125,000 125,000 Paycheck Protection Program Loan 8,670 8,670 Bank facilities, capital leases and other long-term debt 17,700 17,970 Gross debt 296,280 266,080 Less: Short-term borrowings and current maturities, long-term debt 5,940 14,120 Gross long-term debt 290,340 251,960 Unamortized debt issuance costs and discount: Unamortized debt issuance costs and original issuance discount on Senior Term Loan (22,870) — Unamortized debt issuance costs and original issuance discount on Replacement Term Loan — (9,100) Unamortized debt issuance costs and discount on Convertible Notes (6,130) (11,470) Total (29,000) (20,570) Long-term debt $ 261,340 $ 231,390
Interest Income and Interest Expense Disclosure	The interest expense recognized consists of contractual interest coupon, amortization of debt discount and amortization of debt issuance costs on the Convertible Notes, and is as follows: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (dollars in thousands) Contractual interest coupon on convertible debt $ 860 $ 860 $ 2,580 $ 2,600 Amortization of debt issuance costs 130 130 400 400 Amortization of "equity discount" related to debt 1,640 1,510 4,940 4,550 Total $ 2,630 $ 2,500 $ 7,920 $ 7,550

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2021
Leases [Abstract]
Schedule of Lease Costs	Supplemental information for the Company’s leases is as follows: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (dollars in thousands) Operating lease cost $ 3,040 $ 4,260 $ 10,670 $ 11,460 Nine Months Ended September 30, 2021 2020 Operating cash flows from operating leases $ 9,980 $ 12,060 ROU assets obtained in exchange for operating lease obligations $ 910 $ 4,080 September 30, December 31, Weighted average remaining lease term (years) 5.2 6.0 Weighted average discount rate 8.4 % 8.4 %

Earnings (Loss) per Share (Tabl

Earnings (Loss) per Share (Tables)	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (dollars in thousands, except for per share amounts) Numerator: Net (loss) income from continuing operations $ (2,770) $ 1,590 $ (16,960) $ (31,660) Add: Loss from discontinued operations, net of income tax — — — (500) Less: Net loss attributable to noncontrolling interest (300) (340) (970) (1,010) Net (loss) income attributable to Horizon Global $ (2,470) $ 1,930 $ (15,990) $ (31,150) Denominator: Weighted average shares outstanding, basic 27,286,600 25,939,741 27,019,554 25,651,789 Dilutive effect of common stock equivalents — 7,389,365 — — Weighted average shares outstanding, diluted 27,286,600 33,329,106 27,019,554 25,651,789 Basic (loss) income per share attributable to Horizon Global Continuing operations $ (0.09) $ 0.07 $ (0.59) $ (1.19) Discontinued operations — — — (0.02) Total $ (0.09) $ 0.07 $ (0.59) $ (1.21) Diluted (loss) income per share attributable to Horizon Global Continuing operations $ (0.09) $ 0.06 $ (0.59) $ (1.19) Discontinued operations — — — (0.02) Total $ (0.09) $ 0.06 $ (0.59) $ (1.21)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	A summary of these anti-dilutive common stock equivalents are as follows: Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Number of options 18,961 18,961 18,961 18,961 Exercise price of options $9.20 - $11.02 $9.20 - $11.02 $9.20 - $11.02 $9.20 - $11.02 Restricted stock units 1,761,463 — 1,863,498 1,820,186 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 Common stock warrants 9,231,146 — 8,810,164 6,376,519

Equity Awards (Tables)

Equity Awards (Tables)	9 Months Ended
	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity	Number of Stock Options Weighted Average Exercise Price Average Remaining Contractual Life (Years) Aggregate Intrinsic Value Outstanding at December 31, 2020 18,961 $ 10.43 Granted — — Exercised — — Canceled, forfeited — — Expired — — Outstanding at September 30, 2021 18,961 $ 10.43 4.2 $ —
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	Changes in the number of RSUs outstanding for the nine months ended September 30, 2021 are as follows: Number of Restricted Stock Units (a) Weighted Average Grant Date Fair Value Outstanding at December 31, 2020 1,800,682 $ 3.14 Granted 532,899 8.98 Vested (499,826) 2.64 Canceled, forfeited (71,669) 5.00 Outstanding at September 30, 2021 1,762,086 $ 4.97 (a) Includes PSUs at 100% attainment.

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2021
Other Comprehensive Income [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The change in AOCI attributable to Horizon Global by component, net of tax, for the nine months ended September 30, 2021 is as follows: Foreign Currency Translation and Other (dollars in thousands) Balance at January 1, 2021 $ (6,540) Net unrealized losses arising during the period (4,070) Net change (4,070) Balance at September 30, 2021 $ (10,610) The change in AOCI attributable to Horizon Global by component, net of tax, for the nine months ended September 30, 2020 is as follows: Foreign Currency Translation and Other (dollars in thousands) Balance at January 1, 2020 $ (9,790) Net unrealized losses arising during the period (400) Net change (400) Balance at September 30, 2020 $ (10,190)

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (dollars in thousands) Net Sales Horizon Americas $ 115,850 $ 119,140 $ 354,060 $ 285,630 Horizon Europe-Africa 80,690 82,490 263,790 199,740 Total $ 196,540 $ 201,630 $ 617,850 $ 485,370 Operating Profit (Loss) Horizon Americas $ 12,400 $ 13,170 $ 41,000 $ 19,330 Horizon Europe-Africa (150) 2,440 2,550 (6,040) Corporate (5,920) (7,050) (19,110) (19,380) Total $ 6,330 $ 8,560 $ 24,440 $ (6,090)

Other (Expense) Income, Net (Ta

Other (Expense) Income, Net (Tables)	9 Months Ended
	Sep. 30, 2021
Other Income and Expenses [Abstract]
Schedule of Other Expense, Net	Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 (dollars in thousands) Foreign currency (loss) gain $ (1,370) $ 1,080 $ (3,020) $ (670) Customer pay discounts (280) (420) (780) (960) Loss on sale of business — — (2,230) — Other, net (70) 30 90 200 Total $ (1,720) $ 690 $ (5,940) $ (1,430)

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, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Disaggregation of Revenue [Line Items]
Net sales	$ 196,540	$ 201,630	$ 617,850	$ 485,370
Aftermarket
Disaggregation of Revenue [Line Items]
Net sales	57,790	59,750	178,590	141,190
Automotive OEM
Disaggregation of Revenue [Line Items]
Net sales	59,280	66,410	202,200	158,300
Automotive OES
Disaggregation of Revenue [Line Items]
Net sales	24,360	16,800	68,490	39,330
Retail
Disaggregation of Revenue [Line Items]
Net sales	26,460	34,290	81,650	80,690
E-commerce
Disaggregation of Revenue [Line Items]
Net sales	18,920	15,870	56,560	42,410
Industrial
Disaggregation of Revenue [Line Items]
Net sales	9,250	7,780	28,680	21,330
Other
Disaggregation of Revenue [Line Items]
Net sales	480	730	1,680	2,120
Horizon Americas
Disaggregation of Revenue [Line Items]
Net sales	115,850	119,140	354,060	285,630
Horizon Americas | Aftermarket
Disaggregation of Revenue [Line Items]
Net sales	35,390	35,390	107,640	84,440
Horizon Americas | Automotive OEM
Disaggregation of Revenue [Line Items]
Net sales	24,690	24,010	74,860	53,880
Horizon Americas | Automotive OES
Disaggregation of Revenue [Line Items]
Net sales	3,570	2,980	11,670	5,330
Horizon Americas | Retail
Disaggregation of Revenue [Line Items]
Net sales	26,460	34,290	81,650	80,690
Horizon Americas | E-commerce
Disaggregation of Revenue [Line Items]
Net sales	16,970	15,240	51,220	41,120
Horizon Americas | Industrial
Disaggregation of Revenue [Line Items]
Net sales	8,770	7,230	27,020	20,120
Horizon Americas | Other
Disaggregation of Revenue [Line Items]
Net sales	0	0	0	50
Horizon Europe-Africa
Disaggregation of Revenue [Line Items]
Net sales	80,690	82,490	263,790	199,740
Horizon Europe-Africa | Aftermarket
Disaggregation of Revenue [Line Items]
Net sales	22,400	24,360	70,950	56,750
Horizon Europe-Africa | Automotive OEM
Disaggregation of Revenue [Line Items]
Net sales	34,590	42,400	127,340	104,420
Horizon Europe-Africa | Automotive OES
Disaggregation of Revenue [Line Items]
Net sales	20,790	13,820	56,820	34,000
Horizon Europe-Africa | Retail
Disaggregation of Revenue [Line Items]
Net sales	0	0	0	0
Horizon Europe-Africa | E-commerce
Disaggregation of Revenue [Line Items]
Net sales	1,950	630	5,340	1,290
Horizon Europe-Africa | Industrial
Disaggregation of Revenue [Line Items]
Net sales	480	550	1,660	1,210
Horizon Europe-Africa | Other
Disaggregation of Revenue [Line Items]
Net sales	$ 480	$ 730	$ 1,680	$ 2,070

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill Rollforward (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Goodwill [Roll Forward]
Balance at January 1, 2021		$ 3,360
Divestiture of business	$ (3,340)
Foreign currency translation	(20)
Balance at September 30, 2021	0
Horizon Americas
Goodwill [Roll Forward]
Balance at January 1, 2021		3,360
Divestiture of business	(3,340)
Foreign currency translation	(20)
Balance at September 30, 2021	0
Horizon Europe-Africa
Goodwill [Roll Forward]
Balance at January 1, 2021		$ 0
Divestiture of business	0
Foreign currency translation	0
Balance at September 30, 2021	$ 0

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	Jun. 08, 2021	Jun. 30, 2021	Sep. 30, 2021
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill written off due to divestiture of business			$ 3,340
Horizon Americas
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill written off due to divestiture of business			$ 3,340
Discontinued Operations, Disposed of by Sale | Brazil Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss from sale		$ 2,200
Discontinued Operations, Disposed of by Sale | Brazil Sale | Horizon Americas
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill written off due to divestiture of business	$ 3,300

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Schedule of Intangible Assets (excluding Goodwill) by Major Class (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	$ 185,730	$ 188,820
Finite-lived intangible assets, accumulated amortization	(153,920)	(152,000)
Finite-lived intangible assets, net	31,810	36,820
Total other intangible assets, gross	206,790	210,230
Total other intangible assets, net	52,870	58,230
Trademarks and Trade Names
Intangible Assets, excluding Goodwill [Line Items]
Indefinite-lived intangible assets, gross carrying amount	21,060	21,410
Useful Life Two To Twenty Years | Customer Relationships
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	162,970	166,420
Finite-lived intangible assets, accumulated amortization	(136,640)	(135,140)
Finite-lived intangible assets, net	26,330	31,280
Useful Life Three to Fifteen Years | Technology and Other
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	22,760	22,250
Finite-lived intangible assets, accumulated amortization	(17,280)	(16,710)
Finite-lived intangible assets, net	$ 5,480	5,540
Useful Life One To Eight Years | Trademarks and Trade Names
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount		150
Finite-lived intangible assets, accumulated amortization		(150)
Finite-lived intangible assets, net		$ 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
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

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, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Amortization of Intangible Assets [Line Items]
Amortization of intangible assets	$ 1,250	$ 1,610	$ 4,220	$ 5,040
Cost of sales | Technology and Other
Amortization of Intangible Assets [Line Items]
Amortization of intangible assets	210	280	990	950
Selling, general and administrative expenses | Customer Relationships
Amortization of Intangible Assets [Line Items]
Amortization of intangible assets	$ 1,040	$ 1,330	$ 3,230	$ 4,090

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Finished goods	$ 89,640	$ 58,600
Work in process	15,870	13,070
Raw materials	58,760	43,650
Total	$ 164,270	$ 115,320

Property and Equipment, Net - P

Property and Equipment, Net - Property and Equipment Table (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 165,640	$ 158,310
Less: Accumulated depreciation	(92,700)	(84,220)
Property and equipment, net	72,940	74,090
Land and land improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	490	520
Buildings and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	22,760	23,040
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 142,390	$ 134,750

Property and Equipment, Net - D

Property and Equipment, Net - Depreciation Expense Table (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Depreciation Expense [Line Items]
Depreciation expense	$ 3,960	$ 4,010	$ 11,710	$ 11,110
Cost of sales
Depreciation Expense [Line Items]
Depreciation expense	3,720	3,920	10,850	10,330
Selling, general and administrative expenses
Depreciation Expense [Line Items]
Depreciation expense	$ 240	$ 90	$ 860	$ 780

Accrued and Other Long-term L_3

Accrued and Other Long-term Liabilities - Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Accrued Liabilities [Abstract]
Customer incentives	$ 14,730	$ 15,870
Accrued compensation	11,020	12,130
Short-term tax liabilities	4,920	5,570
Customer claims	3,830	6,520
Litigation settlements	1,760	1,510
Accrued professional services	1,150	1,600
Restructuring	120	650
Deferred purchase price	0	1,370
Other	15,810	13,880
Total	$ 53,340	$ 59,100

Accrued and Other Long-term L_4

Accrued and Other Long-term Liabilities - Long-term Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Accrued Liabilities [Abstract]
Litigation settlements	$ 2,320	$ 2,930
Long-term tax liabilities	330	130
Deferred purchase price	0	1,650
Restructuring	0	1,070
Other	7,980	8,780
Total	$ 10,630	$ 14,560

Long-term Debt - Debt Table (De

Long-term Debt - Debt Table (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Gross long-term debt	$ 296,280	$ 266,080
Short-term borrowings and current maturities, long-term debt	5,940	14,120
Gross long-term debt	290,340	251,960
Unamortized debt issuance costs and discount	(29,000)	(20,570)
Long-term debt	261,340	231,390
Revolving Credit Facility
Debt Instrument [Line Items]
Gross long-term debt	44,910	24,230
Senior Term Loan
Debt Instrument [Line Items]
Gross long-term debt	100,000	0
Unamortized debt issuance costs and discount	(22,870)	0
Replacement Term Loan
Debt Instrument [Line Items]
Gross long-term debt	0	90,210
Unamortized debt issuance costs and discount	0	(9,100)
Convertible notes
Debt Instrument [Line Items]
Gross long-term debt	125,000	125,000
Unamortized debt issuance costs and discount	(6,130)	(11,470)
Paycheck Protection Plan
Debt Instrument [Line Items]
Gross long-term debt	8,670	8,670
Bank facilities, capital leases and other long-term debt
Debt Instrument [Line Items]
Gross long-term debt	$ 17,700	$ 17,970

Long-term Debt - ABL Facility (

Long-term Debt - ABL Facility (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Sep. 17, 2021	Apr. 19, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 22, 2015
Debt Instrument [Line Items]
Gross long-term debt	$ 296,280,000		$ 296,280,000				$ 266,080,000
Revolving Credit Facility, ABL Facility
Debt Instrument [Line Items]
Aggregate principal									$ 80,000,000
Amortization of debt issuance costs	0	$ 0	0	$ 400,000
Debt extinguishment related to unamortized debt issuance costs in interest expense				800,000
Costs associated with extinguishment of debt				600,000
Remaining borrowing capacity							38,400,000
Revolving Credit Facility
Debt Instrument [Line Items]
Aggregate principal					$ 95,000,000	$ 85,000,000		$ 75,000,000
Debt issuance costs	2,300,000		2,300,000
Amortization of debt issuance costs	100,000	$ 200,000	400,000	$ 900,000
Gross long-term debt	44,910,000		44,910,000				24,230,000
Total letters of credit outstanding	$ 2,100,000		$ 2,100,000				$ 3,100,000
Percentage of cash collateral required	105.00%		105.00%
Remaining borrowing capacity	$ 37,500,000		$ 37,500,000

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, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Sep. 17, 2021	Apr. 19, 2021	Dec. 31, 2020	Dec. 22, 2015
Debt Instrument [Line Items]
Gross long-term debt		$ 296,280,000		$ 296,280,000				$ 266,080,000
Revolving Credit Facility
Debt Instrument [Line Items]
Weighted average interest rate		5.30%		5.30%
Aggregate principal	$ 75,000,000					$ 95,000,000	$ 85,000,000
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		100,000	$ 200,000	400,000	$ 900,000
Gross long-term debt		44,910,000		44,910,000				24,230,000
Remaining borrowing capacity		37,500,000		37,500,000
Total letters of credit outstanding		$ 2,100,000		$ 2,100,000				3,100,000
Percentage of cash collateral required		105.00%		105.00%
Debt Instrument, Collateral Amount		$ 4,900,000		$ 4,900,000				5,100,000
Revolving Credit Facility | Other Letter Of Credit
Debt Instrument [Line Items]
Total letters of credit outstanding		4,200,000		4,200,000				$ 4,900,000
Revolving Credit Facility | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	4.00%
Revolving Credit Facility | London Interbank Offered Rate (LIBOR) [Member] | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	1.00%
Revolving Credit Facility | Base Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	3.00%
Revolving Credit Facility, ABL Facility
Debt Instrument [Line Items]
Weighted average interest rate								5.00%
Aggregate principal									$ 80,000,000
Amortization of debt issuance costs		$ 0	$ 0	$ 0	$ 400,000
Remaining borrowing capacity								$ 38,400,000

Long-term Debt - First Lien Ter

Long-term Debt - First Lien Term Loans (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020	Jun. 30, 2015
Debt Instrument [Line Items]
Unamortized debt issuance costs	$ 1,000,000		$ 1,000,000		$ 1,100,000
Paid-in-kind interest			650,000	$ 6,280,000
First Lien Term Loan
Debt Instrument [Line Items]
Debt instrument, face amount						$ 200,000,000
Amortization of debt issuance costs	0	$ 0	0	200,000
Paid-in-kind interest	$ 0	$ 0	$ 0	$ 400,000

Long-term Debt - Second Lien Te

Long-term Debt - Second Lien Term Loan (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Mar. 31, 2019
Short-term Debt [Line Items]
Paid-in-kind interest			$ 650	$ 6,280
Second Lien Term Loan
Short-term Debt [Line Items]
Debt instrument, face amount					$ 51,000
Amortization of debt issuance costs	$ 0	$ 0	0	2,700
Paid-in-kind interest	$ 0	$ 100	$ 0	$ 3,400

Long-term Debt - Replacement Te

Long-term Debt - Replacement Term Loan (Details) - USD ($) $ in Thousands	Jul. 06, 2020	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Short-term Debt [Line Items]
Paid-in-kind interest				$ 650	$ 6,280
Loss on debt extinguishment		$ 0	$ 0	11,650	0
Replacement Term Loan
Short-term Debt [Line Items]
Debt instrument, face amount						$ 90,200
Debt issuance costs			200		200
Amortization of debt issuance costs		0	1,200	400	1,200
Unamortized debt discount and issuance costs						$ 9,100
Paid in kind interest rate, closing fee	1.00%
Prepayment penalty as a percentage of aggregate principal	3.00%
Paid-in-kind interest		$ 0	$ 2,500	700	$ 2,500
Effective interest rate	4.00%
Loss on debt extinguishment				11,700
Write off of debt issuance costs				8,900
Other costs				$ 2,800
Replacement Term Loan | London Interbank Offered Rate (LIBOR) [Member]
Short-term Debt [Line Items]
Basis spread on variable rate	10.75%
Replacement Term Loan | London Interbank Offered Rate (LIBOR) [Member] | Minimum
Short-term Debt [Line Items]
Basis spread on variable rate	1.00%

Long-term Debt - Senior Term Lo

Long-term Debt - Senior Term Loan (Details) - USD ($) $ / shares in Units, $ in Thousands	Feb. 02, 2021	Sep. 30, 2021	Sep. 30, 2021	Feb. 28, 2021	Dec. 31, 2020	Mar. 31, 2019
Debt Instrument [Line Items]
Issued warrants (in shares)		9,231,146	9,231,146		5,815,039
Exercise price of warrants (in usd per share)				$ 9		$ 1.50
Unamortized debt issuance costs		$ 1,000	$ 1,000		$ 1,100
Gross long-term debt		296,280	296,280		266,080
Senior Term Loan
Debt Instrument [Line Items]
Aggregate principal	$ 100,000
Incremental borrowing base	$ 125,000
Line Of Credit, Ticking Fee Percentage	2500.00%
Issued warrants (in shares)	3,905,486
Exercise price of warrants (in usd per share)	$ 9
Debt issuance costs	$ 5,400
Long-term Debt, Fair Value	82,400
Initial debt issuance costs	3,000
Total Debt Issuance Costs, Net	8,400
Unamortized debt discount and issuance costs		(22,900)	(22,900)
Unamortized debt issuance costs	$ 7,100
Amortization of debt issuance costs		700	1,800
Gross long-term debt		$ 100,000	100,000		$ 0
Senior Term Loan | Debt Instrument, Secured Net Leverage Ratio
Debt Instrument [Line Items]
Secured Net Leverage Ratio	6.50
Senior Term Loan | Debt Instrument, Capital Expenditures Covenant
Debt Instrument [Line Items]
Maximum capital expenditures allowed under financial covenant	$ 27,500
Line of Credit Facility, Carryforward Amount, Percent	50.00%
Senior Term Loan | Debt Instrument, Call Premium
Debt Instrument [Line Items]
Debt Instrument, Call Premium, Percent	2.50%
Senior Term Loan Warrants
Debt Instrument [Line Items]
Warrants Not Settleable in Cash, Fair Value Disclosure	$ 17,600
Amortization of "equity discount" related to debt			$ 1,300
London Interbank Offered Rate (LIBOR) [Member] | Senior Term Loan
Debt Instrument [Line Items]
Basis spread on variable rate	7.50%
Minimum | London Interbank Offered Rate (LIBOR) [Member] | Senior Term Loan
Debt Instrument [Line Items]
Basis spread on variable rate	1.00%

Long-term Debt - Convertible No

Long-term Debt - Convertible Notes (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Feb. 28, 2017	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Debt Instrument [Line Items]
Gross long-term debt		$ 296,280,000		$ 296,280,000		$ 266,080,000
Unamortized debt issuance costs and discount		29,000,000		29,000,000		20,570,000
Revolving Credit Facility
Debt Instrument [Line Items]
Gross long-term debt		44,910,000		44,910,000		24,230,000
Convertible notes
Debt Instrument [Line Items]
Gross long-term debt		125,000,000		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
Interest expense		2,630,000	$ 2,500,000	7,920,000	$ 7,550,000
Debt Instrument, Convertible, Stock Price Trigger	$ 24.98
Debt Conversion, Converted Instrument, Warrants or Options Issued	5,005,000
Unamortized debt issuance costs and discount		$ 6,130,000		$ 6,130,000		$ 11,470,000

Long-term Debt - Schedule of In

Long-term Debt - Schedule of Interest and Amortization on Convertible Debt (Details) - Convertible notes - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Debt Instrument [Line Items]
Contractual interest coupon on convertible debt	$ 860	$ 860	$ 2,580	$ 2,600
Amortization of debt issuance costs	130	130	400	400
Amortization of "equity discount" related to debt	1,640	1,510	4,940	4,550
Total	$ 2,630	$ 2,500	$ 7,920	$ 7,550

Long-term Debt - Paycheck Prote

Long-term Debt - Paycheck Protection Program Loan (Details) - Paycheck Protection Plan - USD ($) $ in Millions	Sep. 30, 2021	Apr. 30, 2020	Apr. 18, 2020
Debt Instrument [Line Items]
Debt instrument, face amount			$ 8.7
Value of loans in application for forgiveness	$ 7.1
Interest rate		1.00%

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
Renewal term for operating leases	5 years		5 years
Termination term			1 year
Operating lease cost	$ 3,040	$ 4,260	$ 10,670	$ 11,460
Operating cash flows from operating leases			9,980	12,060
Right-of-use assets obtained in exchange for operating lease obligations			$ 910	$ 4,080
Weighted average remaining lease term	5 years 2 months 12 days		5 years 2 months 12 days		6 years
Weighted average discount rate	8.40%		8.40%		8.40%
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 year		1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	7 years		7 years

Contingencies (Details)

Contingencies (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended			9 Months Ended
	Apr. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Loss Contingencies [Line Items]
Settlement amount	$ 4.4
Prepaid Expenses and Other Current Assets
Loss Contingencies [Line Items]
Estimated litigation asset		$ 0.9			$ 0.9		$ 0.9
Other Assets
Loss Contingencies [Line Items]
Estimated litigation asset		1.2			1.2		1.8
Accrued Liabilities
Loss Contingencies [Line Items]
Liabilities for patent infringement		0.9			0.9		1
Other Noncurrent Liabilities
Loss Contingencies [Line Items]
Liabilities for patent infringement		2.3			2.3		$ 2.9
Cost of sales
Loss Contingencies [Line Items]
Loss contingency charges				$ 1.5
Royalties		$ 0.2	$ 0.2		$ 0.5	$ 0.4

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, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Earnings Per Share [Abstract]
Net loss from continuing operations	$ (2,770)	$ 1,590	$ (16,960)	$ (31,660)
Loss from discontinued operations, net of income tax	0	0	0	(500)
Less: Net loss attributable to noncontrolling interest	(300)	(340)	(970)	(1,010)
Net (loss) income attributable to Horizon Global	$ (2,470)	$ 1,930	$ (15,990)	$ (31,150)
Weighted average shares outstanding, basic (in shares)	27,286,600	25,939,741	27,019,554	25,651,789
Dilutive effect of stock-based awards (in shares)	0	7,389,365	0	0
Weighted average shares outstanding, diluted (in shares)	27,286,600	33,329,106	27,019,554	25,651,789
Basic (loss) income per share attributable to Horizon Global
Continuing operations (in dollars per share)	$ (0.09)	$ 0.07	$ (0.59)	$ (1.19)
Discontinued operations (in dollars per share)	0	0	0	(0.02)
Total (in dollars per share)	(0.09)	0.07	(0.59)	(1.21)
Diluted (loss) income per share attributable to Horizon Global
Continuing operations (in dollars per share)	(0.09)	0.06	(0.59)	(1.19)
Discontinued operations (in dollars per share)	0	0	0	(0.02)
Total (in dollars per share)	$ (0.09)	$ 0.06	$ (0.59)	$ (1.21)

Earnings (Loss) per Share - Sch

Earnings (Loss) per Share - Schedule of Antidilutive Securities (Details) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	18,961	18,961	18,961	18,961
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	1,761,463	0	1,863,498	1,820,186
Convertible notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	5,005,000	5,005,000	5,005,000	5,005,000
Convertible notes warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	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 (in shares)	9,231,146	0	8,810,164	6,376,519
Minimum | Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Exercise price of options (in dollars per share)	$ 9.20	$ 9.20	$ 9.20	$ 9.20
Maximum | Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Exercise price of options (in dollars per share)	$ 11.02	$ 11.02	$ 11.02	$ 11.02

Equity Awards - Stock Options N

Equity Awards - Stock Options Narrative (Details) shares in Millions	Sep. 30, 2021shares
Horizon 2020 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares Authorized	4.1

Equity Awards - Stock Option Ac

Equity Awards - Stock Option Activity Table (Details)	9 Months Ended
	Sep. 30, 2021USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Beginning balance (in shares) | shares	18,961
Granted (in shares) | shares	0
Exercised (in shares) | shares	0
Canceled, forfeited (in shares) | shares	0
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	$ 10.43
Granted (in usd per share) | $ / shares	0
Exercised (in usd per share) | $ / shares	0
Canceled, forfeited (in usd per share) | $ / shares	0
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)	4 years 2 months 12 days
Aggregate Intrinsic Value | $	$ 0

Equity Awards - Restricted Shar

Equity Awards - Restricted Shares Narrative (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
RSU and PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)					1,502,072
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			532,899
Grant date fair value (in usd per share)			$ 8.98
Unrecognized compensation cost	$ 4.8		$ 4.8
Weighted-average period for recognition of the unrecognized unvested restricted shares-based compensation expense			2 years
Restricted shares-based compensation expense	$ 0.9	$ 0.9	$ 2.6	$ 2.2
Tranche One | RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			83,482		284,859
Tranche Two | RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			153,563		277,228
Tranche Three | RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)					21,351
Tranche Three | PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			230,350
Tranche Four | RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			65,504
Tranche Four | PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)					918,634

Equity Awards - Restricted Sh_2

Equity Awards - Restricted Shares Activity Table (Details) - RSUs	9 Months Ended
	Sep. 30, 2021$ / 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	1,800,682
Granted (in shares) | shares	532,899
Vested (in shares) | shares	(499,826)
Canceled, forfeited (in shares) | shares	(71,669)
Ending balance (in shares) | shares	1,762,086
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	$ 3.14
Granted (in usd per share) | $ / shares	8.98
Vested (in usd per share) | $ / shares	2.64
Canceled, forfeited (in usd per share) | $ / shares	5
Ending balance (in usd per share) | $ / shares	$ 4.97

Shareholders' Equity - (Details

Shareholders' Equity - (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Feb. 28, 2021	Dec. 31, 2020	Mar. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock, authorized shares (in shares)	100,000,000			100,000,000
Preferred stock, par value (in dollars per share)	$ 0.01			$ 0.01
Preferred stock, outstanding shares (in shares)	0			0
Common Stock, authorized shares (in shares)	400,000,000			400,000,000
Common stock, par value (in dollars per share)	$ 0.01			$ 0.01
Common Stock, issued shares (in shares)	27,973,153			27,089,673
Common Stock, outstanding shares (in shares)	27,286,647			26,403,167
Number of warrants authorized to be issued (in shares)			3,905,486		6,250,000
Exercise price of warrants (in usd per share)			$ 9		$ 1.50
Warrants outstanding and exercisable (in shares)	9,231,146			5,815,039
Number of warrants exercised	1,228,490
Number of shares of common stock received (in shares)	972,924				278,283
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ (23,850)	$ 8,600
Ending balance	(25,930)	(22,090)
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(6,540)	(9,790)
Net unrealized gains (losses) arising during the period	(4,070)	(400)
Net change	(4,070)	(400)
Ending balance	(10,610)	(10,190)
Paid-in Capital
Accumulated Other Comprehensive Income (Loss) [Line Items]
Non-cash transactions	300
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	166,610	163,240
Ending balance	$ 170,050	$ 165,910

Segment Information (Details)

Segment Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)segment	Sep. 30, 2020USD ($)
Segment Reporting [Abstract]
Number of Reportable Segments | segment			2
Segment Reporting Information [Line Items]
Loss from discontinued operations, net of income tax	$ 0	$ 0	$ 0	$ 500
Net sales	196,540	201,630	617,850	485,370
Operating Profit (Loss)	6,330	8,560	24,440	(6,090)
Horizon Americas
Segment Reporting Information [Line Items]
Net sales	115,850	119,140	354,060	285,630
Horizon Europe-Africa
Segment Reporting Information [Line Items]
Net sales	80,690	82,490	263,790	199,740
Operating Segments | Horizon Americas
Segment Reporting Information [Line Items]
Net sales	115,850	119,140	354,060	285,630
Operating Profit (Loss)	12,400	13,170	41,000	19,330
Operating Segments | Horizon Europe-Africa
Segment Reporting Information [Line Items]
Net sales	80,690	82,490	263,790	199,740
Operating Profit (Loss)	(150)	2,440	2,550	(6,040)
Corporate
Segment Reporting Information [Line Items]
Operating Profit (Loss)	$ (5,920)	$ (7,050)	$ (19,110)	$ (19,380)

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Effective Income Tax Rate (as a percent)	(17.40%)	5.90%	(19.90%)	(0.50%)

Other (Expense) Income, Net (De

Other (Expense) Income, Net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Other Income and Expenses [Abstract]
Foreign currency (loss) gain	$ (1,370)	$ 1,080	$ (3,020)	$ (670)
Customer pay discounts	(280)	(420)	(780)	(960)
Loss on sale of business	0	0	(2,230)	0
Other, net	(70)	30	90	200
Total	$ (1,720)	$ 690	$ (5,940)	$ (1,430)