Horizon Global (HZN) 10-Q 9 Aug 22 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2022	Aug. 04, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	001-37427
Entity Registrant Name	HORIZON GLOBAL CORP
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-3574483
Entity Address, Address Line One	47912 Halyard Drive
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	Plymouth
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	48170
City Area Code	734
Local Phone Number	656-3000
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	HZN
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		27,676,025
Entity Central Index Key	0001637655
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Net sales	$ 181,220	$ 222,120	$ 362,080	$ 421,310
Cost of sales	(160,500)	(174,830)	(321,150)	(333,460)
Gross profit	20,720	47,290	40,930	87,850
Selling, general and administrative expenses	(31,030)	(35,960)	(64,800)	(69,740)
Operating Profit (Loss)	(10,310)	11,330	(23,870)	18,110
Interest expense	(8,310)	(6,980)	(15,980)	(14,030)
Loss on debt extinguishment of Replacement Term Loan	0	0	0	(11,650)
Other expense, net	(3,360)	(1,990)	(8,850)	(4,220)
(Loss) income before income tax	(21,980)	2,360	(48,700)	(11,790)
Income tax expense	(450)	(1,400)	(680)	(2,400)
Net (loss) income	(22,430)	960	(49,380)	(14,190)
Less: Net loss attributable to noncontrolling interest	(230)	(330)	(500)	(670)
Net (loss) income attributable to Horizon Global	$ (22,200)	$ 1,290	$ (48,880)	$ (13,520)
Net (loss) income per share:
Basic (in dollars per share)	$ (0.80)	$ 0.05	$ (1.78)	$ (0.50)
Diluted (in dollars per share)	$ (0.80)	$ 0.04	$ (1.78)	$ (0.50)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (22,430)	$ 960	$ (49,380)	$ (14,190)
Other comprehensive loss, net of tax:
Foreign currency translation and other	(2,280)	(130)	(390)	(2,420)
Total other comprehensive loss, net of tax	(2,280)	(130)	(390)	(2,420)
Total comprehensive (loss) income	(24,710)	830	(49,770)	(16,610)
Less: Comprehensive loss attributable to noncontrolling interest	(230)	(330)	(500)	(670)
Comprehensive (loss) income attributable to Horizon Global	$ (24,480)	$ 1,160	$ (49,270)	$ (15,940)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 26,440	$ 11,780
Restricted cash	92,130	5,490
Receivables, net	98,880	80,720
Inventories	165,030	162,830
Prepaid expenses and other current assets	15,110	12,340
Total current assets	397,590	273,160
Property and equipment, net	69,660	71,610
Operating lease right-of-use assets	37,040	37,810
Other intangibles, net	44,310	48,910
Deferred income taxes	1,720	1,750
Other assets	4,490	5,680
Total assets	554,810	438,920
Current liabilities:
Short-term borrowings and current maturities, long-term debt	4,440	3,780
Accounts payable	125,490	102,190
Short-term operating lease liabilities	11,190	11,010
Accrued liabilities	47,380	44,870
Total current liabilities	188,500	161,850
Gross long-term debt	395,270	297,070
Unamortized debt issuance costs and discount	(27,630)	(26,520)
Long-term debt	367,640	270,550
Redeemable preferred stock, $0.01 par: Authorized 100,000,000 shares; Issued and outstanding: 41,000 and 0 shares at June 30, 2022 and December 31, 2021, respectively	41,040	0
Deferred income taxes	1,740	1,920
Long-term operating lease liabilities	33,550	35,930
Other long-term liabilities	7,900	8,920
Total liabilities	640,370	479,170
Commitments and Contingencies
Common stock, $0.01 par: Authorized 400,000,000 shares; 28,362,531 shares issued and 27,676,025 outstanding at June 30, 2022, and 27,973,153 shares issued and 27,286,647 outstanding at December 31, 2021	280	270
Common stock warrants issued, outstanding and exercisable for 10,206,146 and 9,231,146 shares of common stock at June 30, 2022 and December 31, 2021, respectively	28,050	25,010
Paid-in capital	172,400	170,990
Treasury stock, at cost: 686,506 shares at June 30, 2022 and December 31, 2021	(10,000)	(10,000)
Accumulated deficit	(259,130)	(210,250)
Accumulated other comprehensive loss	(10,100)	(9,710)
Total Horizon Global shareholders' deficit	(78,500)	(33,690)
Noncontrolling interest	(7,060)	(6,560)
Total shareholders' deficit	(85,560)	(40,250)
Total liabilities and shareholders' deficit	$ 554,810	$ 438,920

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
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)	41,000	41,000
Preferred stock, outstanding shares (in shares)	41,000	41,000
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)	28,362,531	27,973,153
Common Stock, outstanding shares (in shares)	27,676,025	27,286,647
Treasury stock, shares (in shares)	686,506	686,506
Common Stock Warrants
Issued warrants (in shares)	10,206,146	9,231,146
Warrants outstanding and exercisable (in shares)	10,206,146	9,231,146

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash Flows from Operating Activities:
Net loss	$ (49,380)	$ (14,190)
Adjustments to reconcile net loss to net cash used for operating activities:
Depreciation	6,760	7,750
Amortization of intangible assets	2,180	2,970
Amortization of original issuance discount and debt issuance costs	5,860	5,400
Deferred income taxes	(40)	1,120
Non-cash compensation expense	2,050	1,710
Loss on debt extinguishment of Replacement Term Loan	0	11,650
Paid-in-kind interest	0	650
Increase in receivables	(23,090)	(30,630)
Increase in inventories	(6,260)	(31,350)
Increase in prepaid expenses and other assets	(2,510)	(440)
Increase in accounts payable and accrued liabilities	34,560	15,960
Other, net	5,450	1,780
Net cash used for operating activities	(24,420)	(27,620)
Cash Flows from Investing Activities:
Capital expenditures	(8,930)	(9,940)
Other, net	0	10
Net cash used for investing activities	(8,930)	(9,930)
Cash Flows from Financing Activities:
Proceeds from borrowings on credit facilities	2,100	2,190
Repayments of borrowings on credit facilities	(2,650)	(1,300)
Proceeds from Senior Term Loan, net of issuance costs	118,200	75,300
Repayments of borrowings on Replacement Term Loan, including transaction fees	0	(94,940)
Proceeds from Revolving Credit Facility, net of issuance costs	15,800	20,000
Proceeds from issuance of common stock warrants	3,040	16,300
Proceeds from exercise of common stock warrants	0	420
Other, net	(810)	(640)
Net cash provided by financing activities	135,680	17,330
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(1,030)	(280)
Increase (decrease) for the period	101,300	(20,500)
At beginning of period	17,270	50,690
At end of period	118,570	30,190
Supplemental disclosure of cash flow information:
Cash paid for interest	10,590	10,860
Cash paid for taxes, net of refunds	$ 860	$ 1,430

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Total Horizon Global Shareholders' Equity (Deficit)	Common Stock	Common Stock Warrants	Paid-in Capital	Treasury Stock	Accumulated Deficit	Accumulated Other Comprehensive (Loss) Income	Noncontrolling Interest
Beginning balance at Dec. 31, 2020	$ (23,850)	$ (18,690)	$ 260	$ 9,510	$ 166,610	$ (10,000)	$ (178,530)	$ (6,540)	$ (5,160)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(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 employee stock compensation 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	420	10	(800)	1,210
Ending balance at Mar. 31, 2021	(24,260)	(18,760)	270	25,010	168,130	(10,000)	(193,340)	(8,830)	(5,500)
Beginning balance at Dec. 31, 2020	(23,850)	(18,690)	260	9,510	166,610	(10,000)	(178,530)	(6,540)	(5,160)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(14,190)
Ending balance at Jun. 30, 2021	(22,490)	(16,660)	270	25,010	169,070	(10,000)	(192,050)	(8,960)	(5,830)
Beginning balance at Mar. 31, 2021	(24,260)	(18,760)	270	25,010	168,130	(10,000)	(193,340)	(8,830)	(5,500)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	960	1,290					1,290		(330)
Other comprehensive income (loss), net of tax	(130)	(130)						(130)
Shares surrendered upon vesting of employee stock compensation awards to cover tax obligations	10	10			10
Non-cash compensation expense	930	930			930
Ending balance at Jun. 30, 2021	(22,490)	(16,660)	270	25,010	169,070	(10,000)	(192,050)	(8,960)	(5,830)
Beginning balance at Dec. 31, 2021	(40,250)	(33,690)	270	25,010	170,990	(10,000)	(210,250)	(9,710)	(6,560)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(26,950)	(26,680)					(26,680)		(270)
Other comprehensive income (loss), net of tax	4,990	4,990						4,990
Shares surrendered upon vesting of employee stock compensation awards to cover tax obligations	(640)	(640)			(640)
Non-cash compensation expense	1,260	1,260	10		1,250
Issuance of common stock warrants	3,040	3,040		3,040
Amounts reclassified from AOCI	(3,100)	(3,100)						(3,100)
Ending balance at Mar. 31, 2022	(61,650)	(54,820)	280	28,050	171,600	(10,000)	(236,930)	(7,820)	(6,830)
Beginning balance at Dec. 31, 2021	(40,250)	(33,690)	270	25,010	170,990	(10,000)	(210,250)	(9,710)	(6,560)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(49,380)
Ending balance at Jun. 30, 2022	(85,560)	(78,500)	280	28,050	172,400	(10,000)	(259,130)	(10,100)	(7,060)
Beginning balance at Mar. 31, 2022	(61,650)	(54,820)	280	28,050	171,600	(10,000)	(236,930)	(7,820)	(6,830)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(22,430)	(22,200)					(22,200)		(230)
Other comprehensive income (loss), net of tax	(2,280)	(2,280)						(2,280)
Non-cash compensation expense	800	800			800
Ending balance at Jun. 30, 2022	$ (85,560)	$ (78,500)	$ 280	$ 28,050	$ 172,400	$ (10,000)	$ (259,130)	$ (10,100)	$ (7,060)

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	6 Months Ended
	Jun. 30, 2022
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 Global,” “we,” “our,” or the “Company”) are a designer, manufacturer and distributor of a wide variety of high quality, custom-engineered towing, trailering, cargo management and other related accessory products 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 13, 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, 2021. 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. The preparation of financial statements in conformity with U.S. GAAP requires the Company to make estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements. Such estimates, judgments, and assumptions also affect the reported amounts of revenues and expenses during the reporting periods. The Company believes 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), stock compensation, the assessment of lower of cost or net realizable value on inventory, useful lives assigned to long-lived assets, depreciation and amortization, estimates related to lease liability and operating lease right-of-use (“ROU”) asset valuations, estimated future unrecoverable lease costs, legal and product liability matters, valuation of debt instruments and warrants, assets and obligations related to employee benefits, and the respective allocation methods, 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. Discussion of Going Concern The accompanying condensed consolidated financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has a history of recurring net operating losses and cash outflows from operations. As of June 30, 2022, the Company was in compliance with all applicable covenants in agreements governing its debt. However, based on the Company’s projected financial performance for the twelve-month period subsequent to the date of the filing of this Quarterly Report on Form 10-Q, the Company projects that it will not be in compliance with a financial covenant under the Company’s Senior Term Loan Credit Agreement, as defined in Note 7, Long-term Debt, as of March 31, 2023, which would result in an event of default. Such a default would allow the lender under the Senior Term Loan Credit Agreement to accelerate the maturity of the debt, which carries a balance of $225.0 million as of June 30, 2022, making it due and payable at that time. This would, in turn, result in cross-default of the Company’s Revolving Credit Facility, as defined in Note 7, Long-term Debt , which carries a balance of $73.9 million as of June 30, 2022. The Company does not have sufficient cash on hand or available liquidity that can be utilized to repay these outstanding amounts in the event of default. In response to the potential covenant breach, the Company is in discussions with its lender to amend the terms of its financial covenant under the Senior Term Loan Credit Agreement. The Company has a history of successfully amending and extending credit agreements with its current lenders and believes it is probable such amendment will be completed. We believe that these actions will allow the Company to continue as a going concern and remain in compliance with our financial covenants for the twelve months from the issuance of these condensed consolidated financial statements.

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jun. 30, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements As of June 30, 2022, there have been no new accounting pronouncements recently issued or adopted that have had or are reasonably likely to have a material impact on the Company’s condensed consolidated financial statements.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following components: June 30, December 31, (dollars in thousands) Finished goods $ 91,040 $ 85,770 Work in process 14,470 15,570 Raw materials 59,520 61,490 Total $ 165,030 $ 162,830

Property and Equipment, Net

Property and Equipment, Net	6 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and Equipment, Net Property and equipment, net consists of the following components: June 30, December 31, (dollars in thousands) Land and land improvements $ 440 $ 480 Buildings and building improvements 20,880 22,210 Machinery and equipment 137,520 135,110 Gross property and equipment 158,840 157,800 Accumulated depreciation (89,180) (86,190) Total $ 69,660 $ 71,610 During the three months ended June 30, 2022 and 2021, depreciation expense was $3.4 million and $3.6 million, respectively. During the six months ended June 30, 2022 and 2021, depreciation expense was $6.8 million and $7.8 million, respectively.

Other Intangible Assets

Other Intangible Assets	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Other Intangible Assets	Other Intangible Assets Gross carrying amounts and accumulated amortization of other intangible assets are as follows: June 30, 2022 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) $ 159,700 $ (137,990) $ 21,710 Technology and other (3 – 15 years) 23,520 (21,080) 2,440 Sub-total 183,220 (159,070) 24,150 Trademark/Trade names, indefinite-lived 20,160 — 20,160 Total $ 203,380 $ (159,070) $ 44,310 December 31, 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) $ 162,390 $ (137,420) $ 24,970 Technology and other (3 – 15 years) 23,870 (20,830) 3,040 Sub-total 186,260 (158,250) 28,010 Trademark/Trade names, indefinite-lived 20,900 — 20,900 Total $ 207,160 $ (158,250) $ 48,910 During the three months ended June 30, 2022 and 2021, amortization expense related to other intangible assets was $0.9 million and $1.7 million, respectively. During the six months ended June 30, 2022 and 2021, amortization expense related to other intangible assets was $2.2 million and $3.0 million, respectively.

Accrued and Other Long-term Lia

Accrued and Other Long-term Liabilities	6 Months Ended
	Jun. 30, 2022
Accrued Liabilities [Abstract]
Accrued and Other Long-term Liabilities	Accrued and Other Long-term Liabilities Accrued liabilities consist of the following components: June 30, December 31, (dollars in thousands) Customer incentives $ 14,050 $ 13,030 Accrued compensation 9,370 7,520 Accrued transportation costs 7,030 5,600 Short-term tax liabilities 3,320 3,530 Accrued interest 2,900 3,430 Customer claims 2,830 2,900 Litigation settlements 1,050 1,290 Accrued professional services 860 1,700 Other 5,970 5,870 Total $ 47,380 $ 44,870 Other long-term liabilities consist of the following components: June 30, December 31, (dollars in thousands) Litigation settlements $ 1,260 $ 1,820 Long-term tax liabilities 130 130 Other 6,510 6,970 Total $ 7,900 $ 8,920

Long-term Debt

Long-term Debt	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt Long-term debt consists of the following components: June 30, December 31, (dollars in thousands) Revolving Credit Facility $ 73,850 $ 58,050 Senior Term Loan 225,000 100,000 Convertible Notes 85,000 125,000 Bank facilities, finance leases and other long-term debt 15,860 17,800 Gross debt 399,710 300,850 Less: Short-term borrowings and current maturities, long-term debt 4,440 3,780 Gross long-term debt 395,270 297,070 Unamortized debt issuance costs and discount: Unamortized debt issuance costs and original issuance discount on Senior Term Loan (27,130) (22,170) Unamortized debt issuance costs and discount on Convertible Notes (500) (4,350) Total (27,630) (26,520) Long-term debt $ 367,640 $ 270,550 Revolving Credit Facility In March 2020, the Company, as guarantor, entered into a Loan and Security Agreement (the “Loan Agreement”) with Eclipse Business Capital LLC, formerly known as Encina Business Credit, LLC, 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. The Loan Agreement has been amended on several occasions that, among other things, increased the maximum credit available under the Revolving Credit Facility to $95.0 million. All outstanding borrowings on the Loan Agreement mature on March 13, 2024. Effective March 31, 2022, the Company entered into an amendment to the Loan Agreement that temporarily increased the Company’s ability to borrow against receivables and in-transit inventory as well as inventory located in the Company’s Mexico facilities, which was initially effective through June 30, 2022. On June 30, 2022, the Loan Agreement was amended to extend the effective date of the temporary borrowing capacity through September 30, 2022. The March 31, 2022 amendment also replaced the London Interbank Offered Rate (“LIBOR”) based interest rate with the Adjusted Term Secured Overnight Financing Rate (“SOFR”). As a result of the amendment, interest on loans under the Loan Agreement is payable in cash at the interest rate of SOFR plus 4.00% per annum, subject to a 1.00% SOFR floor. Beginning September 30, 2022, the interest rate on all loans under the Loan Agreement will be SOFR plus 3.50% to 4.00% per annum, subject to a 1.00% SOFR floor and certain conditions defined in the Loan Agreement. During the three and six months ended June 30, 2022, the Company recognized $0.1 million and $0.2 million of amortization of debt issuance costs, respectively, and during the three and six months ended June 30, 2021, the Company recognized $0.1 million and $0.3 million of amortization of debt issuance costs, respectively, in interest expense in the accompanying condensed consolidated statements of operations. As of June 30, 2022 and December 31, 2021, there was $0.6 million and $0.8 million, of unamortized debt issuance costs, respectively, included in other assets in the accompanying condensed consolidated balance sheets. As of June 30, 2022 and December 31, 2021, the Company had $20.1 million and $27.4 million of availability, respectively, under the Revolving Credit Facility. As of June 30, 2022 and December 31, 2021, the Company had $0.8 million and $2.1 million of letters of credit issued and outstanding, respectively, under the Revolving Credit Facility with no cash collateral requirement. As of June 30, 2022 and December 31, 2021, the Company also had $4.1 million and $4.2 million of other letters of credit issued and outstanding, respectively, under the Revolving Credit Facility with a cash collateral requirement. The cash collateral requirement is 105% of the outstanding letters of credit. As of June 30, 2022 and December 31, 2021, the Company had cash collateral of $4.9 million. Cash collateral is included in restricted cash in the accompanying condensed consolidated balance sheets. Senior Term Loan Credit Agreement In February 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. The Senior Term Loan Credit Agreement provided for an initial term loan facility (the “2021 Senior Term Loan”) in the aggregate principal amount of $100.0 million, all of which was borrowed by the Company and was used to repay the Company’s former term loan. The Senior Term Loan Credit Agreement also provided for 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. In February 2022, the Company entered into an amendment to its Senior Term Loan Credit Agreement with Atlantic Park. The amendment provided for a $35.0 million delayed draw facility, which the Company borrowed in full (the “February 2022 Delayed Draw Term Loan”) under the Company’s existing delayed draw term loan facility and allowed the net proceeds to be used for working capital purposes and to fund low-cost country expansion in the Company’s Horizon Europe-Africa operating segment. The Company accounted for the February 2022 Delayed Draw Term Loan as a debt modification in accordance with guidance in Accounting Standards Codification (“ASC”) 470-50, “ Modifications and Extinguishments ”. In connection with the February 2022 Delayed Draw Term Loan, the Company issued warrants (“Senior Term Loan Amendment Warrants”) to Atlantic Park to purchase up to 975,000 shares of the Company’s common stock, with an exercise price of $9.00 per share. On May 24, 2022, shareholders approved the proposal to issue common shares upon the exercise of the warrants, making the Senior Term Loan Amendment Warrants exercisable at any time prior to February 10, 2027. In accordance with guidance in ASC 480, “ Distinguishing Liabilities from Equity ” (“ASC 480”), and ASC 815, “ Derivatives and Hedging ”, the February 2022 Delayed Draw Term Loan and Senior Term Loan Amendment Warrants issued are each freestanding instruments and proceeds were allocated to each instrument on a relative fair value basis of $31.9 million and $3.1 million, respectively. The Senior Term Loan Amendment Warrants are not within the scope of ASC 480 and do not meet the criteria for liability classification. However, the Senior Term Loan Amendment 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 $3.1 million allocated to the Senior Term Loan Amendment 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 $0.5 million and original issuance discount of $1.1 million were incurred in connection with the February 2022 Delayed Draw Term Loan. During the six months ended June 30, 2022, the $0.5 million of debt issuance costs were included in selling, general and administrative expenses in the accompanying condensed consolidated statements of operations. The $1.1 million original issuance discount was allocated to each instrument on a relative fair value basis. The $1.0 million allocated to the February 2022 Delayed Draw Term Loan will be amortized into interest expense over the contractual term of the loan using the effective interest method and the $0.1 million allocated to the Senior Term Loan Amendment Warrants was recorded as a reduction of equity. The Company determined the fair value of the February 2022 Delayed Draw Term Loan using a discount rate build up approach. The debt discount of $3.1 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. On June 27, 2022, the Company borrowed the remaining $90.0 million under the Company’s existing delayed draw term loan facility (the “June 2022 Delayed Draw Term Loan”). The proceeds of the June 2022 Delayed Draw Term Loan were used by the Company to repay $85.0 million of principal and $1.7 million of accrued interest on the Company’s Convertible Notes, as defined below, which matured on July 1, 2022. Original issuance discount of $2.7 million was incurred in connection with the June 2022 Delayed Draw Term Loan and will be amortized into interest expense over the contractual term of the loan using the effective interest method. Following the full draw on the delayed draw term loans as of June 30, 2022, the February 2022 Delayed Draw Term Loan, the June 2022 Delayed Draw Term Loan and the 2021 Senior Term Loan are collectively referred to as the Senior Term Loan. Interest on the Senior Term Loan is payable in cash on a monthly or quarterly basis, at the election of the Company, at the interest rate of LIBOR plus 7.50% per annum, subject to a 1.00% LIBOR floor. All outstanding borrowings under the Senior Term Loan Credit Agreement mature on February 2, 2027. During the three and six months ended June 30, 2022, the Company recognized $1.0 million and $1.8 million of amortization of debt issuance and discount costs, respectively. During the three and six months ended June 30, 2021 the Company recognized $0.7 million and $1.1 million of amortization of debt issuance and discount costs, respectively. Amortization of debt issuance and discount costs is included in interest expense in the accompanying condensed consolidated statements of operations. 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. During the second quarter of 2022, the Company issued Series B Preferred Stock, as defined below, in exchange for $40.0 million of the outstanding principal balance of the Convertible Notes. On July 1, 2022, the proceeds of the June 2022 Delayed Draw Term Loan were used to repay $85.0 million of principal and $1.7 million of accrued interest. As of June 30, 2022, the combined $86.7 million was held in restricted cash in the accompanying condensed consolidated balance sheets. During the three and six months ended June 30, 2022, the Company recognized interest expense of $2.8 million and $5.6 million, respectively, and during the three and six months ended June 30, 2021, the Company recognized interest expense of $2.7 million and $5.3 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. Replacement Term Loan As a result of the Company’s entering into the Senior Term Loan Credit Agreement in the first quarter of 2021, the Company’s former term loan (the “Replacement Term Loan”) was terminated and is no longer in effect. As of June 30, 2022 and December 31, 2021, the Company had no aggregate principal outstanding and no unamortized debt issuance and discount costs. During the three and six months ended June 30, 2022, the Company recognized no amortization of debt issuance costs and no paid-in-kind (“PIK”) interest. During the three and six months ended June 30, 2021, the Company recognized no amortization of debt issuance costs and $0.4 million amortization of debt issuance costs, respectively, in interest expense in the accompanying condensed consolidated statements of operations. During the three and six months ended June 30, 2021, the Company recognized no PIK interest and $0.7 million of PIK interest, respectively, in interest expense in the accompanying condensed consolidated statements of operations.

Redeemable Preferred Stock

Redeemable Preferred Stock	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Redeemable Preferred Stock	Redeemable Preferred StockIn February 2022, the Company executed a commitment letter with Corre Partners Management, LLC, acting on behalf of certain investment funds for which it acts as investment manager (collectively, the “Corre Funds”), to issue, solely at the Company’s option, up to $40.0 million of a new series of the Company’s preferred stock, the proceeds of which would be used by the Company to repay a portion of the Company’s Convertible Notes and for working capital and general corporate purposes. On June 27, 2022, the Company entered into a Preferred Stock Purchase Agreement (the “Purchase Agreement”) with the Corre Funds pursuant to which the Corre Funds purchased 40,000 shares of the Company’s Series B Preferred Stock, par value $0.01 per share (the “Series B Preferred Stock”), in exchange for $40.0 million aggregate principal amount of the Company’s Convertible Notes, which were cancelled by the Company. Pursuant to the terms of the Purchase Agreement, the Company also issued the Corre Funds an additional 1,000 shares of Series B Preferred Stock in satisfaction of its obligation to pay Corre Funds a commitment fee pursuant to the terms of the commitment letter. During the six months ended June 30, 2022, the Company recognized the $1.0 million commitment fee in other expense, net in the accompanying condensed consolidated statements of operations. The Series B Preferred Stock accrue dividends in kind at a rate of 11.0% per annum, subject to increase to a maximum of 16.0% per annum upon the occurrence of certain events, including if the Series B Preferred Stock is not redeemed on or prior to the first anniversary of a repayment of the Senior Term Loan or refinancing of borrowings outstanding under the Senior Term Loan Credit Agreement. Dividends on each share of Series B Preferred Stock accrue based on the liquidation value of the Series B Preferred Stock, which is the stated value of $1,000 per share plus accrued and unpaid dividends (the “Liquidation Value”). The Series B Preferred Stock is subject to voluntary redemption by the Company at its option and subject to mandatory redemption upon the first to occur of a change in control and the one-year anniversary of the maturity of the Senior Term Loan, which is February 2, 2028. The redemption price with respect to each share of Series B Preferred Stock is payable in cash and is equal to (i) 102.0% of the Liquidation Value if the redemption occurs on or before December 31, 2022, (ii) 105.0% of the Liquidation Value if the redemption occurs after December 31, 2022 but on or before December 31, 2023 and (iii) 106.0% of the Liquidation Value if the redemption occurs after December 31, 2023; provided that, in any event, the cash consideration a holder of Series B Preferred Stock will be entitled to receive from the Company (including the redemption price commitment fees, dividends and other distributions) will be no less than 110.0% of the consideration paid to the Company in connection with the purchase of such Series B Preferred Stock. The Series B Preferred Stock will be convertible into shares of the Company’s common stock, par value, at the option of the Corre Funds and subject to shareholder approval, if the Company’s total net leverage ratio (as defined in the Senior Term Loan Credit Agreement), commencing with the fiscal quarter ending March 31, 2023, exceeds 6.50 to 1.00 or all of the outstanding Series B Preferred Stock is not redeemed on or before the earlier of the 91st day after a repayment of the Senior Term Loan and February 10, 2025. If the Series B Preferred Stock becomes convertible, each share of Series B Preferred Stock would be convertible into a number of shares of the Company’s common stock equal to the conversion value divided by 90% of the volume-weighted average price of the common stock over a period of 30 trading days prior to such conversion, with the conversion value being equal to (i) 102.0% of the Liquidation Value if the conversion occurs on or before December 31, 2022, (ii) 105.0% of the Liquidation Value if the conversion occurs after December 31, 2022 but on or before December 31, 2023 and (iii) 106.0% of the Liquidation Value if the conversion occurs after December 31, 2023. In accordance with guidance in ASC 480, the Series B Preferred Stock met the definition of a mandatorily redeemable financial instrument and criteria for liability classification and is recorded in long-term debt in the accompanying condensed consolidated balance sheets. The Company determined the fair value of the Series B Preferred Stock to be $41.0 million. The Series B Preferred Stock will be accreted up to its mandatory redemption value and into interest expense using the effective interest method.

Leases

Leases	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Leases	LeasesThe Company leases certain facilities, automobiles and equipment under non-cancellable operating leases. Our leases have remaining lease terms of one Supplemental information for the Company’s leases is as follows: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (dollars in thousands) Operating lease cost $ 3,570 $ 3,760 $ 7,240 $ 7,630 Six Months Ended June 30, 2022 2021 Operating cash flows from operating leases $ 7,170 $ 6,120 ROU assets obtained in exchange for operating lease obligations $ 2,930 $ 540 June 30, December 31, Weighted average remaining lease term (years) 4.8 5.1 Weighted average discount rate 8.3 % 8.4 %

Earnings (Loss) per Share

Earnings (Loss) per Share	6 Months Ended
	Jun. 30, 2022
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 June 30, Six Months Ended June 30, 2022 2021 2022 2021 (dollars in thousands, except for per share amounts) Numerator: Net (loss) income $ (22,430) $ 960 $ (49,380) $ (14,190) Less: Net loss attributable to noncontrolling interest (230) (330) (500) (670) Net (loss) income attributable to Horizon Global $ (22,200) $ 1,290 $ (48,880) $ (13,520) Denominator: Weighted average shares outstanding, basic 27,633,375 27,022,652 27,488,062 26,883,818 Dilutive effect of common stock equivalents — 5,724,551 — — Weighted average shares outstanding, diluted 27,633,375 32,747,203 27,488,062 26,883,818 Basic (loss) income per share attributable to Horizon Global $ (0.80) $ 0.05 $ (1.78) $ (0.50) Diluted (loss) income per share attributable to Horizon Global $ (0.80) $ 0.04 $ (1.78) $ (0.50) As a result of the net loss for the three months ended June 30, 2022 and six months ended June 30, 2022 and 2021, 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 June 30, Six Months Ended June 30, 2022 2021 2022 2021 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 2,228,826 — 2,124,218 1,915,451 Convertible Notes (a) 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 10,206,146 3,905,486 9,985,290 8,596,184 (a) Represents the dilutive impact of 125.0 million of Convertible Notes outstanding. See Note 7, Long-term Debt, for additional information on the retirement of the Company’s Convertible Notes.

Equity Awards

Equity Awards	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Equity Awards	Equity Awards Horizon Global employees, non-employee directors and certain consultants participate in the Horizon Global Corporation 2020 Equity and Incentive Compensation Plan (the “Horizon 2020 Plan”). The Horizon 2020 Plan authorizes the Compensation Committee of the Horizon Global 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. The Company generally awards grants on an annual basis. In March 2022, the Company granted restricted stock units (“RSUs”) and performance stock units (“PSUs”) to certain key employees and non-employee directors. The grant date fair values for the RSUs and PSUs are based on the closing trading price of the Company’s common stock on the date of grant. T he RSUs vest ratably over a three-year period , while the PSUs cliff vest after a three-year period, upon achieving the performance criteria. The performance criteria for the PSUs is based on the Company’s three-year cumulative EBITDA. During the three and six months ended June 30, 2022, the Company recognized $0.8 million and $2.1 million of stock compensation expense, respectively, related to RSUs and PSUs and for the three and six months ended June 30, 2021, the Company recognized $0.9 million and $1.7 million of stock compensation expense, respectively, related to RSUs and PSU. Stock compensation expense is included in selling, general and administrative expenses in the accompanying condensed consolidated statements of operations.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity Common Stock Warrants In February 2022, in connection with the February 2022 Delayed Draw Term Loan, the Company issued the Senior Term Loan Amendment Warrants to purchase up to 975,000 shares of the Company’s common stock, with an exercise price of $9.00 per share. See Note 7, Long-term Debt , for additional information. During the six months ended June 30, 2022, no warrants were exercised. During the six months ended June 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 warrants issued in March 2019, and paid the exercise price in cash and received 278,283 shares of common stock.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2022
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. 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 and the disaggregation of sales channels within each operating segment. 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 aftermarket, automotive OEMs, automotive OESs, industrial and retail customers in the agricultural, automotive, construction, industrial, marine, military, recreational vehicle, trailer and utility end markets. Products include vehicle trailer hitches, brake controllers, cargo management, heavy-duty towing products, jacks and couplers, protection/securing systems, trailer structural and electrical components, tow bars, vehicle roof racks 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 June 30, Six Months Ended June 30, 2022 2021 2022 2021 (dollars in thousands) Net Sales Horizon Americas $ 110,920 $ 128,380 $ 212,860 $ 238,210 Horizon Europe-Africa 70,300 93,740 149,220 183,100 Total $ 181,220 $ 222,120 $ 362,080 $ 421,310 Operating Profit (Loss) Horizon Americas $ 1,390 $ 16,760 $ (2,910) $ 28,600 Horizon Europe-Africa (4,250) 1,240 (5,790) 2,700 Corporate (7,450) (6,670) (15,170) (13,190) Total $ (10,310) $ 11,330 $ (23,870) $ 18,110 Disaggregation of Sales The 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 aftermarket channel represents sales to automotive installers and warehouse distributors. The automotive OEM channel represents sales to automotive vehicle manufacturers. The automotive OES channel primarily represents sales to automotive vehicle dealerships. 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 June 30, 2022 Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Net Sales Aftermarket $ 23,680 $ 17,190 $ 40,870 Automotive OEM 27,040 36,280 63,320 Automotive OES 4,420 13,430 17,850 Retail 27,710 — 27,710 E-commerce 17,980 2,930 20,910 Industrial 10,090 240 10,330 Other — 230 230 Total $ 110,920 $ 70,300 $ 181,220 Three Months Ended June 30, 2021 Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Net Sales Aftermarket $ 40,560 $ 26,130 $ 66,690 Automotive OEM 22,650 44,190 66,840 Automotive OES 4,240 19,970 24,210 Retail 32,610 — 32,610 E-commerce 19,730 1,960 21,690 Industrial 8,590 630 9,220 Other — 860 860 Total $ 128,380 $ 93,740 $ 222,120 Six Months Ended June 30, 2022 Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Net Sales Aftermarket $ 52,120 $ 36,360 $ 88,480 Automotive OEM 49,590 76,200 125,790 Automotive OES 8,150 30,210 38,360 Retail 47,530 — 47,530 E-commerce 34,050 4,610 38,660 Industrial 21,420 650 22,070 Other — 1,190 1,190 Total $ 212,860 $ 149,220 $ 362,080 Six Months Ended June 30, 2021 Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Net Sales Aftermarket $ 72,250 $ 48,550 $ 120,800 Automotive OEM 50,170 92,750 142,920 Automotive OES 8,100 36,030 44,130 Retail 55,190 — 55,190 E-commerce 34,250 3,390 37,640 Industrial 18,250 1,180 19,430 Other — 1,200 1,200 Total $ 238,210 $ 183,100 $ 421,310

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
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, and available tax planning strategies. During the three and six months ended June 30, 2022, the effective income tax rate was (2.0)% and (1.4)%, respectively. During the three and six months ended June 30, 2021, the effective income tax rate was 59.3% and (20.4)%, respectively. The differences in the effective tax rate compared to the statutory tax rate are 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. The Company evaluates the realizability of its deferred tax assets on a quarterly basis. In completing this evaluation, the Company considers all available evidence in order to determine whether, based on the weight of the evidence, a valuation allowance is necessary. Full valuation allowances that are recorded for deferred tax assets in the U.S. and certain foreign jurisdictions will be maintained until sufficient positive evidence exists to reduce or eliminate them. The factors considered by management in its determination of the probability of the realization of the deferred tax assets include, but are not limited to, recent historical financial results, historical taxable income, projected future taxable income, the expected timing of the reversals of existing temporary differences, and tax planning strategies. If, based upon the weight of available evidence, it is more likely than not the deferred tax assets will not be realized, a valuation allowance is recorded. The Company has recently experienced pre-tax losses. As of June 30, 2022, the Company believes that it is more likely than not that the recorded deferred tax assets will be realized.

Other Expense, Net

Other Expense, Net	6 Months Ended
	Jun. 30, 2022
Other Income and Expenses [Abstract]
Other Expense, Net	Other Expense, Net Other expense, net consists of the following components: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (dollars in thousands) Foreign currency (loss) gain $ (2,810) $ 460 $ (4,160) $ (1,650) Customer early pay discounts (410) (260) (660) (500) Net loss on disposition of business — (2,230) (3,090) (2,230) Series B commitment fee — — (1,000) — Other, net (140) 40 60 160 Total $ (3,360) $ (1,990) $ (8,850) $ (4,220)

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements As of June 30, 2022, there have been no new accounting pronouncements recently issued or adopted that have had or are reasonably likely to have a material impact on the Company’s condensed consolidated financial statements.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2022
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories consist of the following components: June 30, December 31, (dollars in thousands) Finished goods $ 91,040 $ 85,770 Work in process 14,470 15,570 Raw materials 59,520 61,490 Total $ 165,030 $ 162,830

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	6 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment, net consists of the following components: June 30, December 31, (dollars in thousands) Land and land improvements $ 440 $ 480 Buildings and building improvements 20,880 22,210 Machinery and equipment 137,520 135,110 Gross property and equipment 158,840 157,800 Accumulated depreciation (89,180) (86,190) Total $ 69,660 $ 71,610

Other Intangible Assets (Tables

Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Other Intangible Assets	ross carrying amounts and accumulated amortization of other intangible assets are as follows: June 30, 2022 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) $ 159,700 $ (137,990) $ 21,710 Technology and other (3 – 15 years) 23,520 (21,080) 2,440 Sub-total 183,220 (159,070) 24,150 Trademark/Trade names, indefinite-lived 20,160 — 20,160 Total $ 203,380 $ (159,070) $ 44,310 December 31, 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) $ 162,390 $ (137,420) $ 24,970 Technology and other (3 – 15 years) 23,870 (20,830) 3,040 Sub-total 186,260 (158,250) 28,010 Trademark/Trade names, indefinite-lived 20,900 — 20,900 Total $ 207,160 $ (158,250) $ 48,910

Accrued and Other Long-term L_2

Accrued and Other Long-term Liabilities (Tables)	6 Months Ended
	Jun. 30, 2022
Accrued Liabilities [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consist of the following components: June 30, December 31, (dollars in thousands) Customer incentives $ 14,050 $ 13,030 Accrued compensation 9,370 7,520 Accrued transportation costs 7,030 5,600 Short-term tax liabilities 3,320 3,530 Accrued interest 2,900 3,430 Customer claims 2,830 2,900 Litigation settlements 1,050 1,290 Accrued professional services 860 1,700 Other 5,970 5,870 Total $ 47,380 $ 44,870 Other long-term liabilities consist of the following components: June 30, December 31, (dollars in thousands) Litigation settlements $ 1,260 $ 1,820 Long-term tax liabilities 130 130 Other 6,510 6,970 Total $ 7,900 $ 8,920

Long-term Debt (Tables)

Long-term Debt (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Schedule of Debt	ong-term debt consists of the following components: June 30, December 31, (dollars in thousands) Revolving Credit Facility $ 73,850 $ 58,050 Senior Term Loan 225,000 100,000 Convertible Notes 85,000 125,000 Bank facilities, finance leases and other long-term debt 15,860 17,800 Gross debt 399,710 300,850 Less: Short-term borrowings and current maturities, long-term debt 4,440 3,780 Gross long-term debt 395,270 297,070 Unamortized debt issuance costs and discount: Unamortized debt issuance costs and original issuance discount on Senior Term Loan (27,130) (22,170) Unamortized debt issuance costs and discount on Convertible Notes (500) (4,350) Total (27,630) (26,520) Long-term debt $ 367,640 $ 270,550
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.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Schedule of Supplemental Lease Information	Supplemental information for the Company’s leases is as follows: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (dollars in thousands) Operating lease cost $ 3,570 $ 3,760 $ 7,240 $ 7,630 Six Months Ended June 30, 2022 2021 Operating cash flows from operating leases $ 7,170 $ 6,120 ROU assets obtained in exchange for operating lease obligations $ 2,930 $ 540 June 30, December 31, Weighted average remaining lease term (years) 4.8 5.1 Weighted average discount rate 8.3 % 8.4 %

Earnings (Loss) per Share (Tabl

Earnings (Loss) per Share (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	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 June 30, Six Months Ended June 30, 2022 2021 2022 2021 (dollars in thousands, except for per share amounts) Numerator: Net (loss) income $ (22,430) $ 960 $ (49,380) $ (14,190) Less: Net loss attributable to noncontrolling interest (230) (330) (500) (670) Net (loss) income attributable to Horizon Global $ (22,200) $ 1,290 $ (48,880) $ (13,520) Denominator: Weighted average shares outstanding, basic 27,633,375 27,022,652 27,488,062 26,883,818 Dilutive effect of common stock equivalents — 5,724,551 — — Weighted average shares outstanding, diluted 27,633,375 32,747,203 27,488,062 26,883,818 Basic (loss) income per share attributable to Horizon Global $ (0.80) $ 0.05 $ (1.78) $ (0.50) Diluted (loss) income per share attributable to Horizon Global $ (0.80) $ 0.04 $ (1.78) $ (0.50)
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 June 30, Six Months Ended June 30, 2022 2021 2022 2021 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 2,228,826 — 2,124,218 1,915,451 Convertible Notes (a) 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 10,206,146 3,905,486 9,985,290 8,596,184

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The Company’s operating segment activity is as follows: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (dollars in thousands) Net Sales Horizon Americas $ 110,920 $ 128,380 $ 212,860 $ 238,210 Horizon Europe-Africa 70,300 93,740 149,220 183,100 Total $ 181,220 $ 222,120 $ 362,080 $ 421,310 Operating Profit (Loss) Horizon Americas $ 1,390 $ 16,760 $ (2,910) $ 28,600 Horizon Europe-Africa (4,250) 1,240 (5,790) 2,700 Corporate (7,450) (6,670) (15,170) (13,190) Total $ (10,310) $ 11,330 $ (23,870) $ 18,110
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 June 30, 2022 Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Net Sales Aftermarket $ 23,680 $ 17,190 $ 40,870 Automotive OEM 27,040 36,280 63,320 Automotive OES 4,420 13,430 17,850 Retail 27,710 — 27,710 E-commerce 17,980 2,930 20,910 Industrial 10,090 240 10,330 Other — 230 230 Total $ 110,920 $ 70,300 $ 181,220 Three Months Ended June 30, 2021 Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Net Sales Aftermarket $ 40,560 $ 26,130 $ 66,690 Automotive OEM 22,650 44,190 66,840 Automotive OES 4,240 19,970 24,210 Retail 32,610 — 32,610 E-commerce 19,730 1,960 21,690 Industrial 8,590 630 9,220 Other — 860 860 Total $ 128,380 $ 93,740 $ 222,120 Six Months Ended June 30, 2022 Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Net Sales Aftermarket $ 52,120 $ 36,360 $ 88,480 Automotive OEM 49,590 76,200 125,790 Automotive OES 8,150 30,210 38,360 Retail 47,530 — 47,530 E-commerce 34,050 4,610 38,660 Industrial 21,420 650 22,070 Other — 1,190 1,190 Total $ 212,860 $ 149,220 $ 362,080 Six Months Ended June 30, 2021 Horizon Americas Horizon Europe-Africa Total (dollars in thousands) Net Sales Aftermarket $ 72,250 $ 48,550 $ 120,800 Automotive OEM 50,170 92,750 142,920 Automotive OES 8,100 36,030 44,130 Retail 55,190 — 55,190 E-commerce 34,250 3,390 37,640 Industrial 18,250 1,180 19,430 Other — 1,200 1,200 Total $ 238,210 $ 183,100 $ 421,310

Other Expense, Net (Tables)

Other Expense, Net (Tables)	6 Months Ended
	Jun. 30, 2022
Other Income and Expenses [Abstract]
Schedule of Other Expense, Net	Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (dollars in thousands) Foreign currency (loss) gain $ (2,810) $ 460 $ (4,160) $ (1,650) Customer early pay discounts (410) (260) (660) (500) Net loss on disposition of business — (2,230) (3,090) (2,230) Series B commitment fee — — (1,000) — Other, net (140) 40 60 160 Total $ (3,360) $ (1,990) $ (8,850) $ (4,220)

Nature of Operations and Basi_2

Nature of Operations and Basis of Presentation (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Gross long-term debt	$ 399,710	$ 300,850
Senior Term Loan
Debt Instrument [Line Items]
Gross long-term debt	225,000	100,000
Revolving Credit Facility
Debt Instrument [Line Items]
Gross long-term debt	$ 73,850	$ 58,050

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Finished goods	$ 91,040	$ 85,770
Work in process	14,470	15,570
Raw materials	59,520	61,490
Total	$ 165,030	$ 162,830

Property and Equipment, Net - P

Property and Equipment, Net - Property and Equipment Table (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Gross property and equipment	$ 158,840		$ 158,840		$ 157,800
Accumulated depreciation	(89,180)		(89,180)		(86,190)
Total	69,660		69,660		71,610
Depreciation	3,400	$ 3,600	6,760	$ 7,750
Land and land improvements
Property, Plant and Equipment [Line Items]
Gross property and equipment	440		440		480
Buildings and building improvements
Property, Plant and Equipment [Line Items]
Gross property and equipment	20,880		20,880		22,210
Machinery and equipment
Property, Plant and Equipment [Line Items]
Gross property and equipment	$ 137,520		$ 137,520		$ 135,110

Other Intangible Assets (Detail

Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	$ 183,220		$ 183,220		$ 186,260
Finite-lived intangible assets, accumulated amortization	(159,070)		(159,070)		(158,250)
Finite-lived intangible assets, net	24,150		24,150		28,010
Total other intangible assets, gross	203,380		203,380		207,160
Total other intangible assets, net	44,310		44,310		48,910
Amortization of intangible assets	900	$ 1,700	2,180	$ 2,970
Trademarks and Trade Names
Intangible Assets, excluding Goodwill [Line Items]
Indefinite-lived intangible assets, gross carrying amount	20,160		20,160		20,900
Useful Life Two To Twenty Years | Customer Relationships
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	159,700		159,700		162,390
Finite-lived intangible assets, accumulated amortization	(137,990)		(137,990)		(137,420)
Finite-lived intangible assets, net	21,710		21,710		24,970
Useful Life Three to Fifteen Years | Technology and Other
Intangible Assets, excluding Goodwill [Line Items]
Finite-lived intangible assets, gross carrying amount	23,520		23,520		23,870
Finite-lived intangible assets, accumulated amortization	(21,080)		(21,080)		(20,830)
Finite-lived intangible assets, net	$ 2,440		$ 2,440		$ 3,040
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
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

Accrued and Other Long-term L_3

Accrued and Other Long-term Liabilities - Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accrued Liabilities [Abstract]
Customer incentives	$ 14,050	$ 13,030
Accrued compensation	9,370	7,520
Accrued transportation costs	7,030	5,600
Short-term tax liabilities	3,320	3,530
Accrued interest	2,900	3,430
Customer claims	2,830	2,900
Litigation settlements	1,050	1,290
Accrued professional services	860	1,700
Other	5,970	5,870
Total	$ 47,380	$ 44,870

Accrued and Other Long-term L_4

Accrued and Other Long-term Liabilities - Long-term Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accrued Liabilities [Abstract]
Litigation settlements	$ 1,260	$ 1,820
Long-term tax liabilities	130	130
Other	6,510	6,970
Total	$ 7,900	$ 8,920

Long-term Debt - Debt Table (De

Long-term Debt - Debt Table (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Gross long-term debt	$ 399,710	$ 300,850
Short-term borrowings and current maturities, long-term debt	4,440	3,780
Gross long-term debt	395,270	297,070
Unamortized debt issuance costs and discount	(27,630)	(26,520)
Long-term debt	367,640	270,550
Revolving Credit Facility
Debt Instrument [Line Items]
Gross long-term debt	73,850	58,050
Senior Term Loan
Debt Instrument [Line Items]
Gross long-term debt	225,000	100,000
Unamortized debt issuance costs and discount	(27,130)	(22,170)
Convertible notes
Debt Instrument [Line Items]
Gross long-term debt	85,000	125,000
Unamortized debt issuance costs and discount	(500)	(4,350)
Bank facilities, capital leases and other long-term debt
Debt Instrument [Line Items]
Gross long-term debt	$ 15,860	$ 17,800

Long-term Debt - Revolving Cred

Long-term Debt - Revolving Credit Facility (Details) - USD ($)			3 Months Ended		6 Months Ended
	Sep. 30, 2022	Mar. 31, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Mar. 31, 2020
Debt Instrument [Line Items]
Unamortized debt issuance costs			$ 600,000		$ 600,000		$ 800,000
Revolving Credit Facility
Debt Instrument [Line Items]
Initial borrowing capacity								$ 75,000,000
Incremental increase in borrowing capacity								5,000,000
Maximum incremental increase in borrowing capacity available								$ 25,000,000
Aggregate principal			95,000,000		95,000,000
Amortization of debt issuance costs			100,000	$ 100,000	200,000	$ 300,000
Remaining borrowing capacity			20,100,000		20,100,000		27,400,000
Total letters of credit outstanding			$ 800,000		$ 800,000		2,100,000
Percentage of cash collateral required			105%		105%
Cash collateral			$ 4,900,000		$ 4,900,000		4,900,000
Revolving Credit Facility | Other Letter Of Credit
Debt Instrument [Line Items]
Total letters of credit outstanding			$ 4,100,000		$ 4,100,000		$ 4,200,000
Revolving Credit Facility | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		4%
Revolving Credit Facility | London Interbank Offered Rate (LIBOR) [Member] | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate		1%
Revolving Credit Facility | London Interbank Offered Rate (LIBOR) [Member] | Minimum | Subsequent Event
Debt Instrument [Line Items]
Basis spread on variable rate	3.50%
Revolving Credit Facility | London Interbank Offered Rate (LIBOR) [Member] | Maximum | Subsequent Event
Debt Instrument [Line Items]
Basis spread on variable rate	4%

Long-term Debt - Replacement Te

Long-term Debt - Replacement Term Loan (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Short-term Debt [Line Items]
Paid-in-kind interest			$ 0	$ 650
Replacement Term Loan
Short-term Debt [Line Items]
Amortization of debt issuance costs	$ 0	$ 0	0	400
Paid-in-kind interest	0	$ 0	0	$ 700
Debt instrument, face amount	0		0		$ 0
Unamortized debt discount and issuance costs	$ 0		$ 0		$ 0

Long-term Debt - Senior Term Lo

Long-term Debt - Senior Term Loan Credit Agreement (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended		6 Months Ended
	Jun. 27, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Feb. 10, 2022	Dec. 31, 2021	Feb. 28, 2021
Debt Instrument [Line Items]
Unamortized debt issuance costs		$ 0.6		$ 0.6			$ 0.8
Senior Term Loan
Debt Instrument [Line Items]
Aggregate principal								$ 100
Incremental borrowing base								$ 125
Portion allocated to debt						$ 31.9
Debt issuance costs						0.5
Initial debt issuance costs	$ 2.7					1.1
Amortization of debt issuance costs		1	$ 0.7	1.8	$ 1.1
Senior Term Loan | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	7.50%
Senior Term Loan | London Interbank Offered Rate (LIBOR) [Member] | Minimum
Debt Instrument [Line Items]
Restricted Cash		86.7		86.7
Basis spread on variable rate	1%
Senior Term Loan | Selling, general and administrative expenses
Debt Instrument [Line Items]
Amortization of debt issuance costs				$ 0.5
Senior Term Loan Credit Agreement Amendments
Debt Instrument [Line Items]
Aggregate principal						$ 35
Issued warrants (in shares)						975,000
Exercise price of warrants (in usd per share)						$ 9
Proceeds from Long-Term Lines of Credit	$ 90
Repayments of Long-Term Lines of Credit	85
Payments For Accrued Interest	$ 1.7
Senior Term Loan Warrants
Debt Instrument [Line Items]
Portion allocated to warrants						$ 3.1
Amortization of into interest expense		$ 0.1
Delayed Draw Term Loan
Debt Instrument [Line Items]
Unamortized debt issuance costs						$ 1

Long-term Debt - Convertible No

Long-term Debt - Convertible Notes (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Feb. 10, 2022	Feb. 01, 2017
Convertible notes
Debt Instrument [Line Items]
Interest rate						2.75%
Debt instrument, face amount						$ 125,000,000
Interest expense	$ 2,800,000	$ 2,700,000	$ 5,600,000	$ 5,300,000
Senior Term Loan Credit Agreement Amendments | Series B Preferred Stock
Debt Instrument [Line Items]
Preferred Stock, Capital Shares Reserved for Future Issuance, Amount					$ 40,000,000

Long-term Debt - Replacement _2

Long-term Debt - Replacement Term Loan (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Debt Instrument [Line Items]
Paid-in-kind interest			$ 0	$ 650
Replacement Term Loan
Debt Instrument [Line Items]
Debt instrument, face amount	$ 0		0		$ 0
Unamortized debt discount and issuance costs	0		0		$ 0
Amortization of debt issuance costs	0	$ 0	0	400
Paid-in-kind interest	$ 0	$ 0	$ 0	$ 700

Redeemable Preferred Stock (Det

Redeemable Preferred Stock (Details) $ / shares in Units, $ in Millions	Jun. 27, 2022 USD ($) day $ / shares shares	Jun. 30, 2022 USD ($) $ / shares	Feb. 10, 2022 USD ($)	Dec. 31, 2021 $ / shares
Class of Stock [Line Items]
Preferred stock, par value (in dollars per share) | $ / shares		$ 0.01		$ 0.01
Series B Preferred Stock | Preferred Stock Purchase Agreement
Class of Stock [Line Items]
Sale of Stock, Number of Shares Issued in Transaction | shares	40,000,000
Preferred stock, par value (in dollars per share) | $ / shares	$ 0.01
Proceeds from Issuance of Redeemable Preferred Stock	$ 40
Sale of Stock, Number of Shares Issued in Transaction, Commitment Fee | shares	1,000,000
Debt Instrument, Redemption Price, Percentage	102%
Preferred Stock, Convertible, Conversion Ratio	6.5
Preferred Stock, Volume-Weighted Average Price of Common Stock	90%
Preferred Stock, Threshold Consecutive Trading Days | day	30
Mandatorily Redeemable Preferred Stock, Fair Value Disclosure		$ 41
Series B Preferred Stock | Preferred Stock Purchase Agreement | Redemption Price, Tranche One
Class of Stock [Line Items]
Debt Instrument, Redemption Price, Percentage	105%
Series B Preferred Stock | Preferred Stock Purchase Agreement | Redemption Price, Tranche Two
Class of Stock [Line Items]
Debt Instrument, Redemption Price, Percentage	106%
Series B Preferred Stock | Preferred Stock Purchase Agreement | Maximum
Class of Stock [Line Items]
Paid-in kind interest rate	16%
Preferred Stock, Liquidation Preference Per Share | $ / shares	$ 1,000
Series B Preferred Stock | Preferred Stock Purchase Agreement | Minimum
Class of Stock [Line Items]
Debt Instrument, Redemption Price, Percentage	110%
Senior Term Loan Credit Agreement Amendments
Class of Stock [Line Items]
Debt Issuance Costs, Gross		$ 1
Paid-in kind interest rate			11%
Senior Term Loan Credit Agreement Amendments | Series B Preferred Stock
Class of Stock [Line Items]
Preferred Stock, Capital Shares Reserved for Future Issuance, Amount			$ 40

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
Renewal term for operating leases	5 years		5 years
Termination term			1 year
Operating lease cost	$ 3,570	$ 3,760	$ 7,240	$ 7,630
Operating cash flows from operating leases			7,170	6,120
Right-of-use assets obtained in exchange for operating lease obligations			$ 2,930	$ 540
Weighted average remaining lease term	4 years 9 months 18 days		4 years 9 months 18 days		5 years 1 month 6 days
Weighted average discount rate	8.30%		8.30%		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

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				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Numerator:
Net (loss) income	$ (22,430)	$ (26,950)	$ 960	$ (15,150)	$ (49,380)	$ (14,190)
Less: Net loss attributable to noncontrolling interest	(230)		(330)		(500)	(670)
Net (loss) income attributable to Horizon Global	$ (22,200)		$ 1,290		$ (48,880)	$ (13,520)
Denominator:
Weighted average shares outstanding, basic (in shares)	27,633,375		27,022,652		27,488,062	26,883,818
Dilutive effect of common stock equivalents (in shares)	0		5,724,551		0	0
Weighted average shares outstanding, diluted (in shares)	27,633,375		32,747,203		27,488,062	26,883,818
Basic (loss) income per share attributable to Horizon Global (in dollars per share)	$ (0.80)		$ 0.05		$ (1.78)	$ (0.50)
Diluted (loss) income per share attributable to Horizon Global (in dollars per share)	$ (0.80)		$ 0.04		$ (1.78)	$ (0.50)

Earnings (Loss) per Share - Sch

Earnings (Loss) per Share - Schedule of Antidilutive Securities (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Feb. 01, 2017
Convertible notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Debt instrument, face amount					$ 125,000,000
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)	2,228,826	0	2,124,218	1,915,451
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)	10,206,146	3,905,486	9,985,290	8,596,184
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 (Details)

Equity Awards (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended
	Mar. 31, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense		$ 0.8	$ 0.9	$ 2.1	$ 1.7
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years

Shareholders' Equity - (Details

Shareholders' Equity - (Details) - $ / shares	Feb. 10, 2022	Mar. 31, 2019
Class of Stock [Line Items]
Number of shares of common stock received (in shares)		278,283
Senior Term Loan Credit Agreement Amendments
Class of Stock [Line Items]
Issued warrants (in shares)	975,000
Exercise price of warrants (in usd per share)	$ 9

Segment Information (Details)

Segment Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) segment	Jun. 30, 2021 USD ($)
Segment Reporting [Abstract]
Number of Reportable Segments | segment			2
Segment Reporting Information [Line Items]
Net sales	$ 181,220	$ 222,120	$ 362,080	$ 421,310
Operating Profit (Loss)	(10,310)	11,330	(23,870)	18,110
Horizon Americas
Segment Reporting Information [Line Items]
Net sales	110,920	128,380	212,860	238,210
Horizon Europe-Africa
Segment Reporting Information [Line Items]
Net sales	70,300	93,740	149,220	183,100
Operating Segments | Horizon Americas
Segment Reporting Information [Line Items]
Net sales	110,920	128,380	212,860	238,210
Operating Profit (Loss)	1,390	16,760	(2,910)	28,600
Operating Segments | Horizon Europe-Africa
Segment Reporting Information [Line Items]
Net sales	70,300	93,740	149,220	183,100
Operating Profit (Loss)	(4,250)	1,240	(5,790)	2,700
Corporate
Segment Reporting Information [Line Items]
Operating Profit (Loss)	$ (7,450)	$ (6,670)	$ (15,170)	$ (13,190)

Segment Information - Schedule

Segment Information - Schedule of Net Sales Disaggregated by Major Sales Channels (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Net sales	$ 181,220	$ 222,120	$ 362,080	$ 421,310
Aftermarket
Disaggregation of Revenue [Line Items]
Net sales	40,870	66,690	88,480	120,800
Automotive OEM
Disaggregation of Revenue [Line Items]
Net sales	63,320	66,840	125,790	142,920
Automotive OES
Disaggregation of Revenue [Line Items]
Net sales	17,850	24,210	38,360	44,130
Retail
Disaggregation of Revenue [Line Items]
Net sales	27,710	32,610	47,530	55,190
E-commerce
Disaggregation of Revenue [Line Items]
Net sales	20,910	21,690	38,660	37,640
Industrial
Disaggregation of Revenue [Line Items]
Net sales	10,330	9,220	22,070	19,430
Other
Disaggregation of Revenue [Line Items]
Net sales	230	860	1,190	1,200
Horizon Americas
Disaggregation of Revenue [Line Items]
Net sales	110,920	128,380	212,860	238,210
Horizon Americas | Aftermarket
Disaggregation of Revenue [Line Items]
Net sales	23,680	40,560	52,120	72,250
Horizon Americas | Automotive OEM
Disaggregation of Revenue [Line Items]
Net sales	27,040	22,650	49,590	50,170
Horizon Americas | Automotive OES
Disaggregation of Revenue [Line Items]
Net sales	4,420	4,240	8,150	8,100
Horizon Americas | Retail
Disaggregation of Revenue [Line Items]
Net sales	27,710	32,610	47,530	55,190
Horizon Americas | E-commerce
Disaggregation of Revenue [Line Items]
Net sales	17,980	19,730	34,050	34,250
Horizon Americas | Industrial
Disaggregation of Revenue [Line Items]
Net sales	10,090	8,590	21,420	18,250
Horizon Americas | Other
Disaggregation of Revenue [Line Items]
Net sales	0	0	0	0
Horizon Europe-Africa
Disaggregation of Revenue [Line Items]
Net sales	70,300	93,740	149,220	183,100
Horizon Europe-Africa | Aftermarket
Disaggregation of Revenue [Line Items]
Net sales	17,190	26,130	36,360	48,550
Horizon Europe-Africa | Automotive OEM
Disaggregation of Revenue [Line Items]
Net sales	36,280	44,190	76,200	92,750
Horizon Europe-Africa | Automotive OES
Disaggregation of Revenue [Line Items]
Net sales	13,430	19,970	30,210	36,030
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	2,930	1,960	4,610	3,390
Horizon Europe-Africa | Industrial
Disaggregation of Revenue [Line Items]
Net sales	240	630	650	1,180
Horizon Europe-Africa | Other
Disaggregation of Revenue [Line Items]
Net sales	$ 230	$ 860	$ 1,190	$ 1,200

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Effective Income Tax Rate (as a percent)	(2.00%)	59.30%	(1.40%)	(20.40%)

Other Expense, Net (Details)

Other Expense, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Other Income and Expenses [Abstract]
Net loss on disposition of business	$ 0	$ (2,230)	$ (3,090)	$ (2,230)
Foreign currency (loss) gain	(2,810)	460	(4,160)	(1,650)
Series B commitment fee	0	0	(1,000)	0
Customer early pay discounts	(410)	(260)	(660)	(500)
Other, net	(140)	40	60	160
Total	$ (3,360)	$ (1,990)	$ (8,850)	$ (4,220)