Financial Instruments and Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2019

Financial Instruments and Fair Value Measurements [Abstract]

Notional Amounts and Fair Values of Derivative Instruments in the Consolidated Balance

					Prepaid expenses
	Notional amounts (A)				and other current assets
December 31	2019		2018		2019		2018
Derivatives designated as hedging instruments:
Cash flow hedges:
Forward currency contracts	$	-	$	9,017	$	-	$	370

(A)Notional amounts represent the gross contract / notional amount of the derivatives outstanding.

Amounts Recorded for the Cash Flow Hedges in Other Comprehensive Income (Loss) in Shareholders' Equity and in Net Income

							Gains reclassified from
	Gain recorded in other						other comprehensive income
	comprehensive income (loss)						(loss) into net income (A)
	2019		2018			2017	2019		2018			2017
Derivatives designated as cash flow hedges:
Forward currency contracts	$	450	$	1,967	$	441	$	820	$	1,376	$	634

(A) Gains reclassified from comprehensive income (loss) into net income recognized in COGS in the Company’s consolidated statements of operations for the years ended December 31, 2019, 2018 and 2017 were $695, $1,259 and $622, respectively. Gains reclassified from other comprehensive income (loss) into net income recognized in D&D in the Company’s consolidated statements of operations were $125, $117 and $8 for the years ended December 31, 2019, 2018 and 2017, respectively. Gains reclassified from other comprehensive income (loss) into net income recognized in SG&A in the Company’s consolidated statements of operations were $0, $0 and $4 for the years ended December 31, 2019, 2018 and 2017, respectively.

Schedule of Assets and Liabilities that are Measured at Fair Value on a Recurring Basis

December 31			2019						2018
			Fair values estimated using
			Level 1		Level 2		Level 3
	Fair value		inputs		inputs		inputs		Fair value
Financial assets carried at fair value:
Forward currency contracts	$	-	$	-	$	-	$	-	$	370
Total financial assets carried at fair value	$	-	$	-	$	-	$	-	$	370
Financial liabilities carried at fair value:
Earn-out consideration	$	12,011	$	-	$	-	$	12,011	$	18,672
Total financial liabilities carried at fair value	$	12,011	$	-	$	-	$	12,011	$	18,672

Summary of the Change in Fair Value of the Level 3 Financial Liabilities Related to Contingent Consideration

	Orlaco		Stoneridge Brazil		Total
Balance at December 31, 2018	$	8,602	$	10,070	$	18,672
Change in fair value		-		2,308		2,308
Foreign currency adjustments		(128)		(367)		(495)
Earn-out consideration cash payment		(8,474)		-		(8,474)
Balance at December 31, 2019	$	-	$	12,011	$	12,011

	Orlaco		Stoneridge Brazil		Total
Balance at December 31, 2017	$	8,637	$	12,109	$	20,746
Change in fair value		369		(156)		213
Foreign currency adjustments		(404)		(1,883)		(2,287)
Balance at December 31, 2018	$	8,602	$	10,070	$	18,672