10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 ___________________________________ 

FORM 10-Q

 ___________________________________

(Mark One)

ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2014

or

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to __________.

Commission File Number: 000-54305

  ______________________________

COOPER-STANDARD HOLDINGS INC.

(Exact name of registrant as specified in its charter)

 ______________________________

Delaware	20-1945088
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

39550 Orchard Hill Place Drive

Novi, Michigan 48375

(Address of principal executive offices)

(Zip Code)

(248) 596-5900

(Registrant’s telephone number, including area code)

 ______________________________

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  ý    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  ý    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	¨	Accelerated filer	ý
Non-accelerated filer	¨	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  ý

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.    Yes  ý    No  ¨

As of April 28, 2014 there were 16,953,708 shares of the registrant’s common stock, $0.001 par value, outstanding.

COOPER-STANDARD HOLDINGS INC.

Form 10-Q

For the period ended March 31, 2014

		Page
	PART I. FINANCIAL INFORMATION
Item 1.	Financial Statements (unaudited)
	Condensed Consolidated Statements of Comprehensive Income	3
	Condensed Consolidated Balance Sheets	4
	Condensed Consolidated Statements of Cash Flows	5
	Notes to Condensed Consolidated Financial Statements	6
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	25
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	31
Item 4.	Controls and Procedures	32
	PART II. OTHER INFORMATION
Item 1.	Legal Proceedings	33
Item 1A.	Risk Factors	33
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	33
Item 6.	Exhibits	34
SIGNATURES		35
INDEX TO EXHIBITS AND EXHIBITS		36

2

PART I — FINANCIAL INFORMATION

Item 1.         Financial Statements

COOPER-STANDARD HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

(Dollar amounts in thousands except per share amounts)

	Three Months Ended March 31,
	2013			2014
Sales	$	747,577		$	837,606
Cost of products sold	627,264			703,347
Gross profit	120,313			134,259
Selling, administration & engineering expenses	75,094			79,571
Amortization of intangibles	3,891			4,436
Restructuring	4,760			3,089
Operating profit	36,568			47,163
Interest expense, net of interest income	(11,207		)	(15,008		)
Equity earnings	2,735			1,236
Other income (expense), net	(332		)	30
Income before income taxes	27,764			33,421
Income tax expense	7,891			12,064
Net income	19,873			21,357
Net (income) loss attributable to noncontrolling interests	828			(1,622		)
Net income attributable to Cooper-Standard Holdings Inc.	$	20,701		$	19,735
Net income available to Cooper-Standard Holdings Inc. common stockholders	$	15,300		$	19,735
Earnings per share
Basic	$	0.92		$	1.18
Diluted	$	0.86		$	1.10
Comprehensive income	$	11,943		$	20,730
Comprehensive (income) loss attributable to noncontrolling interests	958			(1,798		)
Comprehensive income attributable to Cooper-Standard Holdings Inc.	$	12,901		$	18,932

The accompanying notes are an integral part of these financial statements.

3

COOPER-STANDARD HOLDINGS INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Dollar amounts in thousands except share amounts)

	December 31, 2013			March 31, 2014
				(unaudited)
Assets
Current assets:
Cash and cash equivalents	$	184,370		$	138,045
Accounts receivable, net	365,750			439,142
Tooling receivable	156,205			147,533
Inventories	179,766			188,589
Prepaid expenses	26,940			26,138
Other	82,301			85,095
Total current assets	995,332			1,024,542
Property, plant and equipment, net	732,902			757,258
Goodwill	139,701			139,318
Intangibles, net	101,436			97,814
Deferred tax assets	34,235			27,705
Other assets	99,148			101,276
Total assets	$	2,102,754		$	2,147,913
Liabilities and Equity
Current liabilities:
Debt payable within one year	$	28,329		$	31,853
Accounts payable	355,394			326,862
Payroll liabilities	97,146			116,308
Accrued liabilities	89,302			105,516
Total current liabilities	570,171			580,539
Long-term debt	656,095			661,291
Pension benefits	151,113			148,666
Postretirement benefits other than pensions	57,224			56,225
Deferred tax liabilities	11,146			11,447
Other liabilities	36,280			40,542
Total liabilities	1,482,029			1,498,710
Redeemable noncontrolling interests	5,153			5,320
7% Cumulative participating convertible preferred stock, $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding	—			—
Equity:
Common stock, $0.001 par value, 190,000,000 shares authorized at December 31, 2013 and March 31, 2014; 18,226,223 shares issued and 16,676,539 outstanding at December 31, 2013 and 18,498,843 shares issued and 16,949,159 outstanding at March 31, 2014	17			17
Additional paid-in capital	489,052			496,971
Retained earnings	156,775			176,339
Accumulated other comprehensive loss	(27,694		)	(28,497		)
Total Cooper-Standard Holdings Inc. equity	618,150			644,830
Noncontrolling interests	(2,578		)	(947		)
Total equity	615,572			643,883
Total liabilities and equity	$	2,102,754		$	2,147,913

The accompanying notes are an integral part of these financial statements.

4

COOPER-STANDARD HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(Dollar amounts in thousands)

	Three Months Ended   March 31,
	2013			2014
Operating Activities:
Net income	$	19,873		$	21,357
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	25,956			23,816
Amortization of intangibles	3,891			4,436
Stock-based compensation expense	3,800			3,906
Equity earnings, net of dividends related to earnings	519			1,033
Deferred income taxes	862			6,830
Other	403			(881		)
Changes in operating assets and liabilities	(68,605		)	(56,626		)
Net cash provided by (used in) operating activities	(13,301		)	3,871
Investing activities:
Capital expenditures	(34,269		)	(63,817		)
Return on equity investments	2,120			951
Proceeds from sale of fixed assets and other	218			2,125
Net cash used in investing activities	(31,931		)	(60,741		)
Financing activities:
Increase in short term debt, net	4,897			2,289
Borrowings on long-term debt	—			4,435
Principal payments on long-term debt	(1,763		)	(121		)
Debt issuance costs	—			(671		)
Preferred stock cash dividends paid	(1,651		)	—
Purchase of noncontrolling interest	(1,911		)	—
Repurchase of common stock	(11,098		)	—
Proceeds from exercise of warrants	—			4,571
Other	(8		)	(927		)
Net cash provided by (used in) financing activities	(11,534		)	9,576
Effects of exchange rate changes on cash and cash equivalents	2,924			969
Changes in cash and cash equivalents	(53,842		)	(46,325		)
Cash and cash equivalents at beginning of period	270,555			184,370
Cash and cash equivalents at end of period	$	216,713		$	138,045

The accompanying notes are an integral part of these financial statements.

5

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

(Dollar amounts in thousands except Note 14, per share and share amounts)

1. Overview

Basis of presentation

Cooper-Standard Holdings Inc. (together with its consolidated subsidiaries, the “Company,” “Cooper-Standard,” “we,” “our,” or “us”) is a leading manufacturer of sealing and trim, fuel and brake delivery, fluid transfer, thermal and emissions and anti-vibration systems (“AVS”) components, systems, subsystems, and modules. The Company’s products are primarily for use in passenger vehicles and light trucks that are manufactured by global automotive original equipment manufacturers (“OEMs”) and replacement markets. The Company conducts substantially all of its activities through its subsidiaries.

The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information and should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013 (the "2013 Annual Report"), as filed with the SEC. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. These financial statements include all adjustments (consisting of normal, recurring adjustments) considered necessary for a fair presentation of the financial position and results of operations of the Company. Certain prior period amounts have been reclassified to conform to the current period financial statement presentation. The operating results for the interim period ended March 31, 2014 are not necessarily indicative of results for the full year. In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through the date the financial statements were issued.

Recent accounting pronouncements

In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. This ASU changes the criteria for reporting discontinued operations and requires expanded disclosures about discontinued operations. The guidance is effective for fiscal years beginning on or after December 15, 2014 and should be applied prospectively. Early adoption is permitted. The adoption of this ASU is not expected to have a material impact on the condensed consolidated financial statements.

In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. This ASU requires that a liability related to an unrecognized tax benefit be offset against a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward if certain criteria are met. The Company adopted this guidance effective January 1, 2014. The adoption of this ASU did not have a material impact on the condensed consolidated financial statements.

2. Goodwill and Intangibles

The changes in the carrying amount of goodwill by reportable operating segment for the three months ended March 31, 2014 are summarized as follows:

	North America			Europe			South America		Asia Pacific			Total
Balance at January 1, 2014	$	119,870		$	14,460		$	—	$	5,371		$	139,701
Foreign exchange translation	(236		)	(7		)	—		(140		)	(383		)
Balance at March 31, 2014	$	119,634		$	14,453		$	—	$	5,231		$	139,318

Goodwill is not amortized, but is tested for impairment by reporting unit either annually or when events or circumstances indicate that impairment may exist. There were no indicators of potential impairment as of March 31, 2014.

6

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 14, per share and share amounts)

The following table presents intangible assets and accumulated amortization balances of the Company as of December 31, 2013 and March 31, 2014, respectively:

	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	135,483	$	(46,466	)	$	89,017
Developed technology	9,757		(5,817		)	3,940
Other	9,530		(1,051		)	8,479
Balance at December 31, 2013	$	154,770	$	(53,334	)	$	101,436
Customer relationships	$	136,430	$	(50,718	)	$	85,712
Developed technology	9,755		(6,207		)	3,548
Other	9,740		(1,186		)	8,554
Balance at March 31, 2014	$	155,925	$	(58,111	)	$	97,814

Amortization expense totaled $3,891 and $4,436 for the three months ended March 31, 2013 and 2014, respectively. Amortization expense is estimated to be approximately $15,800 for the year ending December 31, 2014.

3. Restructuring

Restructuring activities initiated prior to 2013

The Company implemented several restructuring initiatives in prior years including the closure or consolidation of facilities throughout the world, the establishment of a centralized shared services function in Europe and the reorganization of the Company’s operating structure. The Company commenced these initiatives prior to January 1, 2013 and continued to execute these initiatives during 2014. The majority of the costs associated with these initiatives were incurred shortly after the original implementation. However, the Company continues to incur costs on some of the initiatives related principally to the disposal of the respective facilities.

The following table summarizes the restructuring expense for these initiatives for the three months ended March 31, 2013 and 2014:

	Three Months Ended March 31,
	2013		2014
Employee separation costs	$	2,149	$	242
Other exit costs	903		288
Asset Impairments	87		—
	$	3,139	$	530

The following table summarizes the activity in the restructuring liability for these initiatives for the three months ended March 31, 2014:

	Employee Separation Costs			Other Exit Costs			Asset Impairments		Total
Balance at January 1, 2014	$	819		$	16		$	—	$	835
Expense	242			288			—		530
Cash payments and foreign exchange translation	(283		)	(289		)	—		(572		)
Balance at March 31, 2014	$	778		$	15		$	—	$	793

7

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 14, per share and share amounts)

Restructuring activities initiated in 2013

In the first quarter of 2013, the Company eliminated certain positions within the organization that resulted in restructuring expense of $1,621, all of which is paid. No additional expense is expected to be incurred related to this initiative.

In the third quarter of 2013, the Company initiated the closure of a facility in Korea and the transfer of equipment to another facility in Korea. The Company has recognized $750 of costs related to this initiative and, as of March 31, 2014, this initiative was substantially completed. For the three months ended March 31, 2014, the Company recorded $128 of other exit costs related to this initiative. As of March 31, 2014, the liability associated with this initiative is $16.

In the fourth quarter of 2013, the Company initiated the restructure of a facility in Europe. The estimated cost of this initiative is $21,100 and is expected to be completed in 2016. The Company has recognized $16,459 of costs related to this initiative. The following table summarizes the activity in the restructuring liability for this initiative for the three months ended March 31, 2014:

	Employee Separation Costs			Other Exit Costs			Asset Impairments		Total
Balance at January 1, 2014	$	13,501		$	—		$	—	$	13,501
Expense	—			2,273			—		2,273
Cash payments and foreign exchange translation	(7		)	(2,273		)	—		(2,280		)
Balance at March 31, 2014	$	13,494		$	—		$	—	$	13,494

Restructuring activities initiated in 2014

In the first quarter of 2014, the Company initiated the restructure of a facility in Europe. The estimated cost of this initiative is $1,400 and is expected to be completed in 2014. For the three months ended March 31, 2014, the Company recorded $158 of other exit costs related to this initiative. As of March 31, 2014, there was no liability associated with this initiative.

4. Inventories

Inventories were comprised of the following at December 31, 2013 and March 31, 2014:

	December 31, 2013		March 31, 2014
Finished goods	$	48,787	$	48,059
Work in process	38,929		43,914
Raw materials and supplies	92,050		96,616
	$	179,766	$	188,589

5. Debt

Outstanding debt consisted of the following at December 31, 2013 and March 31, 2014:

	December 31, 2013			March 31, 2014
Senior notes	$	450,000		$	450,000
Senior PIK toggle notes	196,484			196,686
Other borrowings	37,940			46,458
Total debt	$	684,424		$	693,144
Less current portion	(28,329		)	(31,853		)
Total long-term debt	$	656,095		$	661,291

8

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 14, per share and share amounts)

Senior ABL Facility

On April 8, 2013 the Company and certain of its subsidiaries entered into the Amended and Restated Senior Loan and Security Agreement (“the Senior ABL Facility”), with certain lenders, which amended and restated the then existing of its senior secured asset-based revolving credit facility. The Senior ABL Facility provided for an aggregate revolving loan availability of up to $150,000, subject to borrowing base availability and certain provisions of the Senior ABL Facility, including a $50,000 letter of credit sub-facility and a $25,000 swing line sub-facility. The Senior ABL Facility also provided for an uncommitted $75,000 incremental loan facility, for a potential total Senior ABL Facility of $225,000 (if requested by the Company and the lenders agree to fund such increase). No consent of any lender (other than those participating in the increase) was required to effect any such increase. As of March 31, 2014, subject to borrowing base availability under the facility, the Company had $150,000 in availability less outstanding letters of credit of $37,023.

On April 4, 2014, the Company and certain of its subsidiaries entered into the Second Amended and Restated Loan Agreement (the "Amended Senior ABL Facility"), which amended and restated the existing Senior ABL facility in order to permit the Term Loan Facility (described below) and other related transactions and to implement other necessary conforming and administrative changes in connection with such transactions. The Amended Senior ABL Facility provides for an aggregate revolving loan availability of up to $150,000, subject to borrowing base availability and certain provisions of the Amended Senior ABL Facility, including a $60,000 letter of credit sub-facility and a $25,000 swing line sub-facility. The Amended Senior ABL Facility also provides for an uncommitted $105,000 incremental loan facility, for a potential total Amended Senior ABL Facility of $255,000 (if requested by the Company and the lenders agree to fund such increase). No consent of any lender (other than those participating in the increase) is required to effect any such increase.

Senior PIK Toggle Notes

On April 3, 2013, the Company issued $175,000 aggregate principal amount of its Senior PIK Toggle Notes (the “Senior PIK Toggle Notes”). The Senior PIK Toggle Notes bear an interest rate of 7.375% and mature on April 1, 2018. The Senior PIK Toggle Notes were issued pursuant to an indenture dated April 3, 2013. The Senior PIK Toggle Notes were issued at a discount of $3,938. On May 20, 2013, the Company issued an additional $25,000 Senior PIK Toggle Notes pursuant to the indenture dated April 3, 2013. The Senior PIK Toggle Notes were issued at a discount of $188.

Prepayment of the Notes

On March 21, 2014, the Company and Cooper-Standard Automotive Inc. commenced cash tender offers for any and all of the outstanding Senior PIK Toggle Notes and Senior Notes, respectively. Pursuant to these cash tender offers, on the early tender deadline of April 3, 2014, (i) $198,000 principal amount of the Senior PIK Toggle Notes had been tendered and not validly withdrawn, representing approximately 99.00% of the aggregate outstanding principal amount of the Senior PIK Toggle Notes and (ii) $220,328 principal amount of the Senior Notes had been tendered and not validly withdrawn, representing approximately 48.96% of the aggregate outstanding principal amount of the Senior Notes. On April 4, 2014, the Company purchased the Senior Notes and Senior PIK Toggle Notes tendered up to the early tender deadline and deposited sufficient funds with the trustee to redeem the remaining outstanding Senior Notes and Senior PIK Toggle Notes and pay accrued and unpaid interest thereon to, but not including, the redemption dates of April 21, 2014 and May 5, 2014, respectively. On April 18, 2014, the cash tender offers expired. On April 21, 2014, the Company purchased the additional Senior Notes (and Senior PIK Toggle Notes) tendered up to the expiration time and redeemed the remaining outstanding Senior Notes. The Company used borrowings under the Term Loan Facility, together with cash on hand, to finance the repurchase and redemption of the Senior PIK Toggle Notes and the Senior Notes. The approximate redemption prices for the Senior PIK Toggle Notes and the Senior Notes were 102.4% and 104.6%, respectively.

Term Loan Facility

On April 4, 2014, certain subsidiaries of the Company entered into a term loan facility (the “Term Loan Facility”) in order to (i) refinance the Senior PIK Toggle Notes due 2018 of the Company and the 8 1/2% Senior Notes due 2018 of Cooper-Standard Automotive Inc. (the "Senior Notes"), including applicable call premiums and accrued and unpaid interest, (ii) pay related fees and expenses and (iii) provide for working capital and other general corporate purposes. The Term Loan Facility provides for loans in an aggregate principal amount of $750,000 and may be expanded (or a new term loan facility added) by an amount that will not cause the consolidated first lien debt ratio to exceed 2.25 to 1.00 plus $300,000. All obligations of the borrower are guaranteed jointly and severally on a senior secured basis by the direct parent company of the borrower and each existing and subsequently acquired or organized direct or indirect wholly-owned U.S. restricted subsidiary of the borrower. The

9

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 14, per share and share amounts)

Term Loan Facility matures on April 4, 2021, unless earlier terminated. On April 4, 2014, the aggregate principal amount was fully drawn to refinance the Senior PIK Toggle Notes and the Senior Notes and to pay related fees and expenses.

6. Pension and Postretirement Benefits other than Pensions

The following tables disclose the amount of net periodic benefit cost for the three months ended March 31, 2013 and 2014 for the Company’s defined benefit plans and other postretirement benefit plans:

	Pension Benefits
	Three Months Ended March 31,
	2013						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	305		$	888		$	213		$	861
Interest cost	3,052			1,710			3,370			1,802
Expected return on plan assets	(4,342		)	(949		)	(4,764		)	(958		)
Amortization of prior service cost and recognized actuarial loss	344			330			16			231
Net periodic benefit cost (gain)	$	(641	)	$	1,979		$	(1,165	)	$	1,936

	Other Postretirement Benefits
	Three Months Ended March 31,
	2013						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	147		$	168		$	106		$	136
Interest cost	407			188			397			188
Amortization of prior service credit and recognized actuarial gain	(281		)	(36		)	(481		)	(71		)
Other	6			—			6			—
Net periodic benefit cost	$	279		$	320		$	28		$	253

7. Income Taxes

Under ASC Topic 270, “Interim Reporting,” the Company is required to determine its effective tax rate each quarter based upon its estimated annual effective tax rate. The Company is also required to record the tax impact of certain unusual or infrequently occurring items, including changes in judgment about valuation allowances and effects of changes in tax laws or rates, in the interim period in which they occur. In addition, jurisdictions with a projected loss for the year where no tax benefit can be recognized are excluded from the estimated annual effective tax rate.

The effective tax rate for the three months ended March 31, 2014 was 36% as compared to 28% for the three months ended March 31, 2013. The higher effective tax rate for the three months ended March 31, 2014 as compared to the three months ended March 31, 2013 is primarily due to the tax benefits related to the retroactive reinstatement of the U.S. research and development tax credit under The American Taxpayer Relief Act of 2012 which was enacted in the three months ended March 31, 2013. The income tax rate for the three months ended March 31, 2014 varies from statutory rates due to income taxes on foreign earnings taxed at rates different from the U.S. statutory rate, the inability to record a tax benefit for pre-tax losses in certain foreign jurisdictions to the extent not offset by other categories of income, tax credits, income tax incentives, withholding taxes, and other permanent items. Further, the Company’s current and future provision for income taxes may be impacted by the recognition of valuation allowances in certain countries. The Company intends to maintain these allowances until it is more likely than not that the deferred tax assets will be realized.

10

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 14, per share and share amounts)

8. Accumulated Other Comprehensive Income (Loss), Equity and Redeemable Noncontrolling Interests

The changes in accumulated other comprehensive income (loss) by component for the three months ended March 31, 2013 and 2014, net of related tax, are as follows:

	Three Months Ended March 31, 2013
	Cumulative currency translation adjustment			Benefit plan liability			Unrealized gains on investment securities		Fair value change of derivatives			Accumulated other comprehensive loss
Balance at January 1, 2013	$	18,320		$	(64,018	)	$	—	$	250		$	(45,448	)
Other comprehensive income (loss) before reclassifications	(9,292		)	792			—		491			(8,009		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			216			—		(7		)	209
Net current period other comprehensive income (loss)(1)	(9,292		)	1,008			—		484			(7,800		)
Balance at March 31, 2013	$	9,028		$	(63,010	)	$	—	$	734		$	(53,248	)
Amounts in parentheses indicate debits.

(1) Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of $98. Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $(87).

	Three Months Ended March 31, 2014
	Cumulative currency translation adjustment			Benefit plan liability			Unrealized gains on investment securities		Fair value change of derivatives		Accumulated other comprehensive loss
Balance at January 1, 2014	$	5,712		$	(33,406	)	$	—	$	—	$	(27,694	)
Other comprehensive income (loss) before reclassifications	(2,020		)	159			1,146		73		(642		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			(166		)	—		5		(161		)
Net current period other comprehensive income (loss)(1)	(2,020		)	(7		)	1,146		78		(803		)
Balance at March 31, 2014	$	3,692		$	(33,413	)	$	1,146	$	78	$	(28,497	)
Amounts in parentheses indicate debits.

(1) Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of $(74). Other comprehensive income (loss) related to the unrealized gains on investment securities is net of a tax effect of $(703). Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $(59).

11

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 14, per share and share amounts)

The reclassifications out of accumulated other comprehensive income (loss) for the three months ended March 31, 2013 and 2014 are as follows:

	Gain (loss) reclassified
	Three Months Ended March 31,
Details about accumulated other comprehensive loss components	2013			2014			Location of gain (loss) reclassified into income
Fair value change of derivatives
Interest rate contracts	$	(40	)	$	—		Interest expense, net of interest income
Foreign exchange contracts	50			(7		)	Cost of products sold
	10			(7		)	Income before income taxes
	(3		)	2			Income tax expense
	$	7		$	(5	)	Consolidated net income
Amortization of defined benefit and other postretirement benefit plans
Prior service credits	$	159		$	82		(1)
Actuarial losses	(472		)	224			(1)
	(313		)	306			Income before income taxes
	97			(140		)	Income tax expense
	$	(216	)	$	166		Consolidated net income
Total reclassifications for the period	$	(209	)	$	161

(1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost. (See Note 6. “Pension and Postretirement Benefits other than Pensions” for additional details.)

The following table summarizes the Company’s equity and redeemable noncontrolling interest activity for the three months ended March 31, 2014:

	Cooper-Standard Holdings Inc.			Noncontrolling Interests			Total Equity			Redeemable Noncontrolling Interest
Equity at January 1, 2014	$	618,150		$	(2,578	)	$	615,572		$	5,153
Net income	19,735			1,621			21,356			1
Warrant exercise	4,571			—			4,571			—
Other comprehensive income (loss)	(803		)	10			(793		)	166
Stock-based compensation	3,631			—			3,631			—
Shares issued under stock option plans	(454		)	—			(454		)	—
Equity at March 31, 2014	$	644,830		$	(947	)	$	643,883		$	5,320

9. Net Income Per Share Attributable to Cooper-Standard Holdings Inc.

Basic net income per share attributable to Cooper-Standard Holdings Inc. was computed by dividing net income attributable to Cooper-Standard Holdings Inc. by the weighted average number of shares of common stock outstanding during the period excluding unvested restricted shares. Diluted net income per share attributable to Cooper-Standard Holdings Inc. was computed using the treasury stock method by dividing diluted net income available to Cooper-Standard Holdings Inc. by the weighted average number of shares of common stock outstanding, including the dilutive effect of common stock equivalents, using the average share price during the period.

12

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 14, per share and share amounts)

A summary of information used to compute basic and diluted net income per share attributable to Cooper-Standard Holdings Inc. is shown below:

	Three Months Ended March 31,
	2013			2014
Net income attributable to Cooper-Standard Holdings Inc.	$	20,701		$	19,735
Less: 7% Preferred stock dividends (paid or unpaid)	(1,677		)	—
Less: Undistributed earnings allocated to participating securities	(3,724		)	—
Net income available to Cooper-Standard Holdings Inc. common stockholders	$	15,300		$	19,735
Basic weighted average shares of common stock outstanding	16,621,120			16,656,600
Dilutive effect of:
Restricted common stock	252,817			151,772
Restricted 7% preferred stock	32,315			—
Warrants	693,043			1,038,338
Options	112,083			73,561
Diluted weighted average shares of common stock outstanding	17,711,378			17,920,271
Basic net income per share attributable to Cooper-Standard Holdings Inc.	$	0.92		$	1.18
Diluted net income per share attributable to Cooper-Standard Holdings Inc.	$	0.86		$	1.10

The effect of certain common stock equivalents was excluded from the computation of weighted average diluted shares outstanding as inclusion would have been antidilutive. A summary of common stock equivalents excluded from the computation of weighted average diluted shares outstanding is shown below:

	Three Months Ended March 31,
	2013		2014
Number of options	471,898		479,211
Exercise price	$43.50-52.50		$25.52-66.23
Restricted common stock	—		70,420
7% Preferred stock, as if converted	4,045,852		—
7% Preferred stock dividends, undistributed earnings and premium allocated to participating securities that would be added back in the diluted calculation	$	5,401	$	—

10. Stock-Based Compensation

Under the Company's Omnibus incentive plans, stock options, restricted common stock, restricted 7% preferred stock, unrestricted common stock and restricted stock units have been granted to key employees and directors. Total compensation expense recognized was $3,800 and $3,906 for the three months ended March 31, 2013 and 2014, respectively.

13

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 14, per share and share amounts)

11. Other Income (Expense), Net

The components of other income (expense), net are as follows:

	Three Months Ended March 31,
	2013			2014
Foreign currency gains	$	260		$	532
Unrealized losses related to forward contracts	(188		)	(38		)
Loss on sale of receivables	(373		)	(464		)
Miscellaneous expense	(31		)	—
Other income (expense), net	$	(332	)	$	30

12. Related Party Transactions

Sales to Nishikawa Standard Company ("NISCO"), a 40% owned joint venture, totaled $11,570 and $10,850 for the three months ended March 31, 2013 and 2014, respectively. In March 2013, the Company received from NISCO a dividend of $4,000, consisting of $1,880 related to earnings and a $2,120 return on capital. In March 2014, the Company received from NISCO a dividend of $1,760, consisting of $809 related to earnings and a $951 return of capital.

Purchases of materials from Guyoung Technology Co. Ltd ("Guyoung"), a Korean corporation of which the Company owned approximately 20% and 17% of the common stock at March 31, 2013 and 2014, respectively, totaled $690 and $441 for the three months ended March 31, 2013 and 2014, respectively. In March, 2014, the Company received from Guyoung a dividend of $224, all of which was related to earnings. The Company recorded an unrealized gain on investment of $1,849 for the three months ended March 31, 2014. At March 31, 2014, the amortized cost and fair value of the investment was $1,299 and $3,148, respectively.

13. Business Segments

ASC 280, “Segment Reporting,” establishes the standards for reporting information about operating segments in financial statements. The Company organized, managed and reported its global business operations through two geographic segments in the first quarter of 2013. In April 2013, the Company implemented organizational and management changes of its global business operations resulting in four reportable segments associated with geographic regions. In applying the criteria set forth in ASC 280, the Company revised its segment disclosures beginning with the second quarter of 2013 from the two reportable segments, North America and International, to four reportable segments, North America, Europe, South America and Asia Pacific. The Company’s principal product lines within each of these segments are sealing and trim systems, fuel and brake delivery systems, fluid transfer systems, thermal and emissions systems, and anti-vibration systems. The Company evaluates segment performance based on segment profit before tax. The results of each segment include certain allocations for general, administrative, interest, and other shared costs. Prior periods have been revised to conform to the current period presentation.

14

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 14, per share and share amounts)

The following tables detail information on the Company’s business segments:

	Three Months Ended March 31,
	2013			2014
Sales to external customers
North America	$	382,808		$	432,605
Europe	264,487			308,161
South America	45,402			39,766
Asia Pacific	54,860			57,074
Consolidated	$	747,557		$	837,606
Intersegment sales
North America	$	3,734		$	3,359
Europe	1,847			2,227
South America	—			—
Asia Pacific	2,105			1,847
Eliminations and other	(7,686		)	(7,433		)
Consolidated	$	—		$	—
Segment profit (loss)
North America	$	33,806		$	38,460
Europe	(6,053		)	(3,182		)
South America	(3,381		)	(2,507		)
Asia Pacific	3,392			650
Income before income taxes	$	27,764		$	33,421
Restructuring cost included in segment profit (loss)
North America	$	1,784		$	98
Europe	2,970			2,863
South America	—			—
Asia Pacific	6			128
Consolidated	$	4,760		$	3,089

	December 31, 2013		March 31, 2014
Segment assets
North America	$	866,847	$	926,044
Europe	680,920		705,154
South America	138,469		144,275
Asia Pacific	243,736		245,378
Eliminations and other	172,782		127,062
Consolidated	$	2,102,754	$	2,147,913

15

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 14, per share and share amounts)

14. Guarantor and Non-Guarantor Subsidiaries

On May 27, 2010, Cooper-Standard Automotive Inc. (the “Issuer”), a wholly-owned subsidiary of Cooper-Standard Holdings Inc., issued 8.5% senior notes due 2018 (“the Senior Notes”) with a total principal amount of $450,000. Cooper-Standard Holdings Inc. and all wholly-owned domestic subsidiaries of Cooper-Standard Automotive Inc. (the “Guarantors”) unconditionally guarantee the Senior Notes. The following condensed consolidated financial data provides information regarding the financial position, results of operations, and cash flows of the Guarantors. The Guarantors account for their investments in the non-guarantor subsidiaries on the equity method. The principal elimination entries are to eliminate the investments in subsidiaries and intercompany balances and transactions.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

For the Three Months Ended March 31, 2013

	Parent		Issuer			Guarantors		Non-Guarantors			Eliminations			Consolidated Totals
	(dollar amounts in millions)
Sales	$	—	$	145.2		$	165.7	$	486.3		$	(49.6	)	$	747.6
Cost of products sold	—		120.5			133.2		423.2			(49.6		)	627.3
Selling, administration, & engineering expenses	—		34.8			3.1		37.2			—			75.1
Amortization of intangibles	—		2.9			—		1.0			—			3.9
Restructuring	—		1.6			0.1		3.0			—			4.7
Operating profit (loss)	—		(14.6		)	29.3		21.9			—			36.6
Interest expense, net of interest income	—		(8.3		)	—		(2.9		)	—			(11.2		)
Equity earnings	—		1.0			0.9		0.8			—			2.7
Other income (expense), net	—		7.5			0.1		(7.9		)	—			(0.3		)
Income (loss) before income taxes	—		(14.4		)	30.3		11.9			—			27.8
Income tax expense (benefit)	—		(2.7		)	5.5		5.1			—			7.9
Income (loss) before equity in income of subsidiaries	—		(11.7		)	24.8		6.8			—			19.9
Equity in net income of subsidiaries	20.7		32.4			—		—			(53.1		)	—
Net income	20.7		20.7			24.8		6.8			(53.1		)	19.9
Net loss attributable to noncontrolling interests	—		—			—		0.8			—			0.8
Net income attributable to Cooper-Standard Holdings Inc.	$	20.7	$	20.7		$	24.8	$	7.6		$	(53.1	)	$	20.7
Comprehensive income	$	12.9	$	12.9		$	24.8	$	1.4		$	(40.1	)	$	11.9
Add: Comprehensive loss attributable to noncontrolling interests	—		—			—		1.0			—			1.0
Comprehensive income attributable to Cooper-Standard Holdings Inc.	$	12.9	$	12.9		$	24.8	$	2.4		$	(40.1	)	$	12.9

16

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 14, per share and share amounts)

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

For the Three Months Ended March 31, 2014

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated Totals
	(dollar amounts in millions)
Sales	$	—		$	155.3		$	175.1		$	557.5		$	(50.3	)	$	837.6
Cost of products sold	—			133.3			137.8			482.5			(50.3		)	703.3
Selling, administration, & engineering expenses	—			36.8			(0.2		)	43.0			—			79.6
Amortization of intangibles	—			2.9			—			1.5			—			4.4
Restructuring	—			—			0.1			3.0			—			3.1
Operating profit (loss)	—			(17.7		)	37.4			27.5			—			47.2
Interest expense, net of interest income	(4.0		)	(7.2		)	—			(3.8		)	—			(15.0		)
Equity earnings	—			0.3			—			0.9			—			1.2
Other income (expense), net	—			6.9			0.1			(7.0		)	—			—
Income (loss) before income taxes	(4.0		)	(17.7		)	37.5			17.6			—			33.4
Income tax expense (benefit)	(1.7		)	(7.0		)	15.8			5.0			—			12.1
Income (loss) before equity in income of subsidiaries	(2.3		)	(10.7		)	21.7			12.6			—			21.3
Equity in net income of subsidiaries	22.0			32.7			—			—			(54.7		)	—
Net income	19.7			22.0			21.7			12.6			(54.7		)	21.3
Net income attributable to noncontrolling interest	—			—			—			(1.6		)	—			(1.6		)
Net income attributable to Cooper-Standard Holdings Inc.	$	19.7		$	22.0		$	21.7		$	11.0		$	(54.7	)	$	19.7
Comprehensive income	$	18.9		$	21.2		$	21.7		$	11.4		$	(52.5	)	$	20.7
Less: Comprehensive income attributable to noncontrolling interests	—			—			—			(1.8		)	—			(1.8		)
Comprehensive income attributable to Cooper-Standard Holdings Inc.	$	18.9		$	21.2		$	21.7		$	9.6		$	(52.5	)	$	18.9

17

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 14, per share and share amounts)

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2013

	Parent		Issuer		Guarantors			Non-Guarantors			Eliminations			Consolidated Totals
	(dollar amounts in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	13.1	$	83.0	$	—		$	88.3		$	—		$	184.4
Accounts receivable, net	—		55.5		70.9			239.4			—			365.8
Tooling receivable	—		27.1		15.7			113.4			—			156.2
Inventories	—		24.6		32.3			122.9			—			179.8
Prepaid expenses	—		6.2		0.6			20.1			—			26.9
Other	—		26.4		0.7			55.2			—			82.3
Total current assets	13.1		222.8		120.2			639.3			—			995.4
Investments in affiliates and intercompany accounts, net	800.5		231.8		1,191.6			(110.2		)	(2,047.2		)	66.5
Property, plant, and equipment, net	—		103.6		58.6			570.7			—			732.9
Goodwill	—		111.1		—			28.6			—			139.7
Other assets	4.8		150.1		(40.8		)	54.2			—			168.3
	$	818.4	$	819.4	$	1,329.6		$	1,182.6		$	(2,047.2	)	$	2,102.8
LIABILITIES & EQUITY
Current liabilities:
Debt payable within one year	$	—	$	—	$	—		$	28.3		$	—		$	28.3
Accounts payable	—		53.8		54.6			247.0			—			355.4
Accrued liabilities	3.7		40.8		3.7			138.3			—			186.5
Total current liabilities	3.7		94.6		58.3			413.6			—			570.2
Long-term debt	196.5		450.0		—			9.6			—			656.1
Other liabilities	—		115.3		(0.1		)	140.5			—			255.7
Total liabilities	200.2		659.9		58.2			563.7			—			1,482.0
Redeemable noncontrolling interests	—		—		—			5.2			—			5.2
Total Cooper-Standard Holdings Inc. equity	618.2		159.5		1,271.4			616.3			(2,047.2		)	618.2
Noncontrolling interests	—		—		—			(2.6		)	—			(2.6		)
Total equity	618.2		159.5		1,271.4			613.7			(2,047.2		)	615.6
Total liabilities and equity	$	818.4	$	819.4	$	1,329.6		$	1,182.6		$	(2,047.2	)	$	2,102.8

18

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 14, per share and share amounts)

CONDENSED CONSOLIDATING BALANCE SHEET

March 31, 2014

	Parent		Issuer		Guarantors			Non-Guarantors			Eliminations			Consolidated Totals
	(dollar amounts in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	13.1	$	56.3	$	—		$	68.6		$	—		$	138.0
Accounts receivable, net	—		77.1		88.2			273.8			—			439.1
Tooling receivable	—		22.9		18.9			105.7			—			147.5
Inventories	—		24.2		32.5			131.9			—			188.6
Prepaid expenses	—		5.6		0.6			19.9			—			26.1
Other	—		27.0		0.6			57.6			—			85.2
Total current assets	13.1		213.1		140.8			657.5			—			1,024.5
Investments in affiliates and intercompany accounts, net	829.4		237.4		1,200.8			(126.5		)	(2,076.0		)	65.1
Property, plant, and equipment, net	—		105.5		59.3			592.5			—			757.3
Goodwill	—		111.1		—			28.2			—			139.3
Other assets	6.4		155.2		(56.7		)	56.8			—			161.7
	$	848.9	$	822.3	$	1,344.2		$	1,208.5		$	(2,076.0	)	$	2,147.9
LIABILITIES & EQUITY
Current liabilities:
Debt payable within one year	$	—	$	0.5	$	—		$	31.4		$	—		$	31.9
Accounts payable	—		46.7		47.7			232.5			—			326.9
Accrued liabilities	7.4		56.2		3.5			154.6			—			221.7
Total current liabilities	7.4		103.4		51.2			418.5			—			580.5
Long-term debt	196.7		450.0		—			14.6			—			661.3
Other liabilities	—		111.8		(0.1		)	145.2			—			256.9
Total liabilities	204.1		665.2		51.1			578.3			—			1,498.7
Redeemable noncontrolling interests	—		—		—			5.3			—			5.3
Total Cooper-Standard Holdings Inc. equity	644.8		157.1		1,293.1			625.8			(2,076.0		)	644.8
Noncontrolling interests	—		—		—			(0.9		)	—			(0.9		)
Total equity	644.8		157.1		1,293.1			624.9			(2,076.0		)	643.9
Total liabilities and equity	$	848.9	$	822.3	$	1,344.2		$	1,208.5		$	(2,076.0	)	$	2,147.9

19

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 14, per share and share amounts)

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 31, 2013

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations		Consolidated Totals
	(dollar amounts in millions)
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	$	1.7		$	(4.4	)	$	(2.4	)	$	(8.2	)	$	—	$	(13.3	)
INVESTING ACTIVITIES
Capital expenditures	—			(6.4		)	(4.1		)	(23.8		)	—		(34.3		)
Return on equity investments	—			—			2.1			—			—		2.1
Proceeds from the sale of fixed assets	—			—			—			0.2			—		0.2
Net cash used in investing activities	—			(6.4		)	(2.0		)	(23.6		)	—		(32.0		)
FINANCING ACTIVITIES
Increase in short-term debt	—			—			—			4.9			—		4.9
Principal payments on long-term debt	—			—			—			(1.8		)	—		(1.8		)
Purchase of noncontrolling interest	—			—			—			(1.9		)	—		(1.9		)
Repurchase of common stock	—			(11.1		)	—			—			—		(11.1		)
Other	(1.7		)	(2.8		)	—			2.9			—		(1.6		)
Net cash provided by (used in) financing activities	(1.7		)	(13.9		)	—			4.1			—		(11.5		)
Effects of exchange rate changes on cash and cash equivalents	—			—			—			2.9			—		2.9
Changes in cash and cash equivalents	—			(24.7		)	(4.4		)	(24.8		)	—		(53.9		)
Cash and cash equivalents at beginning of period	—			177.5			4.4			88.7			—		270.6
Cash and cash equivalents at end of period	$	—		$	152.8		$	—		$	63.9		$	—	$	216.7
Depreciation and amortization	$	—		$	7.1		$	3.4		$	19.3		$	—	$	29.8

20

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 14, per share and share amounts)

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 31, 2014

	Parent		Issuer			Guarantors			Non-Guarantors			Eliminations		Consolidated Totals
	(dollar amounts in millions)
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	$	—	$	(18.4	)	$	3.0		$	19.3		$	—	$	3.9
INVESTING ACTIVITIES
Capital expenditures	—		(10.8		)	(4.0		)	(49.0		)	—		(63.8		)
Return on equity investments	—		—			1.0			—			—		1.0
Proceeds from the sale of fixed assets and other	—		(0.1		)	—			2.2			—		2.1
Net cash used in investing activities	—		(10.9		)	(3.0		)	(46.8		)	—		(60.7		)
FINANCING ACTIVITIES
Increase in short-term debt, net	—		—			—			2.3			—		2.3
Borrowings on long-term debt	—		—			—			4.4			—		4.4
Principal payments on long-term debt	—		—			—			(0.1		)	—		(0.1		)
Debt issuance costs	—		(0.7		)	—			—			—		(0.7		)
Proceeds from exercise of warrants	—		4.6			—			—			—		4.6
Other	—		(1.3		)	—			0.3			—		(1.0		)
Net cash provided by financing activities	—		2.6			—			6.9			—		9.5
Effects of exchange rate changes on cash and cash equivalents	—		—			—			0.9			—		0.9
Changes in cash and cash equivalents	—		(26.7		)	—			(19.7		)	—		(46.4		)
Cash and cash equivalents at beginning of period	13.1		83.0			—			88.3			—		184.4
Cash and cash equivalents at end of period	$	13.1	$	56.3		$	—		$	68.6		$	—	$	138.0
Depreciation and amortization	$	—	$	7.0		$	2.8		$	18.5		$	—	$	28.3

15. Financial Instruments

Fair values of the Senior Notes approximated $477,000 and $471,375 at December 31, 2013 and March 31, 2014, respectively, based on quoted market prices, compared to the recorded value of $450,000. This fair value measurement is classified within Level 1 of the fair value hierarchy.

Fair values of the Senior PIK Toggle Notes approximated $197,466 and $200,620 at December 31, 2013 and March 31, 2014, respectively, based on quoted market prices, compared to the recorded values of $196,484 and $196,686 at December 31, 2013 and March 31, 2014, respectively. This fair value measurement is classified within Level 1 of the fair value hierarchy.

The Company completed an agreement with Fonds de Modernisation des Equipementiers Automobiles (“FMEA”) on May 2, 2011, to establish a joint venture that combined the Company’s French body sealing operations and the operations of Société des Polymères Barre-Thomas (“SPBT”). SPBT was a French supplier of anti-vibration systems and low pressure hoses, as well as body sealing products, which FMEA acquired as a preliminary step to the joint venture transaction. SPBT changed its name to Cooper Standard France SAS (“CS France”) subsequent to the transaction. The Company has 51% ownership and FMEA has 49% ownership in CS France. In connection with the investment in CS France, the noncontrolling shareholders have the option, which is embedded in the noncontrolling interest, to require the Company to purchase the remaining 49% noncontrolling share at a formula price designed to approximate fair value based on operating results of the entity.

21

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 14, per share and share amounts)

The noncontrolling interest is redeemable at other than fair value as the put value is determined based on the formula described above. The Company records the noncontrolling interest in CS France at the greater of 1) the initial carrying amount, increased or decreased for the noncontrolling shareholders’ share of net income or loss and its share of other comprehensive income or loss and dividends (“carrying amount”) or 2) the cumulative amount required to accrete the initial carrying amount to the redemption value. According to authoritative accounting guidance, the redeemable noncontrolling interest was classified outside of permanent equity, in mezzanine equity, on the Company’s condensed consolidated balance sheets.

At December 31, 2013 and March 31, 2014, the estimated redemption value of the put option relating to the noncontrolling interest in CS France was $0. The redemption amount, if any, related to the put option is guaranteed by the Company and secured with the CS France shares held by a subsidiary of the Company. The Company has determined that the non-recurring fair value measurement related to this calculation relies primarily on Company-specific inputs and the Company’s assumptions, as observable inputs are not available. As such, the Company has determined that this fair value measurement resides within Level 3 of the fair value hierarchy. To determine the fair value of the put option, the Company utilizes the projected cash flows expected to be generated by the joint venture, then discounts the future cash flows by using a risk-adjusted rate for the Company.

According to authoritative accounting guidance for redeemable noncontrolling shareholders’ interests, to the extent the noncontrolling shareholders have a contractual right to receive an amount upon exercise of a put option that is other than fair value, and such amount is greater than carrying value, then the noncontrolling shareholder has, in substance, received a dividend distribution that is different than other common stockholders. Therefore the redemption amount in excess of fair value should be reflected in the computation of earnings per share available to the Company’s common stockholders. At March 31, 2014 there was no difference between redemption value and fair value.

Derivative Instruments and Hedging Activities

The Company uses derivative financial instruments, including forward and swap contracts, to manage its exposures to fluctuations in foreign exchange and interest rates. For a fair value hedge, both the effective and ineffective, if significant, portions are recorded in earnings and reflected in the condensed consolidated statement of comprehensive income. For a cash flow hedge, the effective portion of the change in the fair value of the derivative is recorded in accumulated other comprehensive loss in the condensed consolidated balance sheet. The ineffective portion, if significant, is recorded in other income or expense. When the underlying hedged transaction is realized or the hedged transaction is no longer probable, the gain or loss included in accumulated other comprehensive loss is recorded in earnings and reflected in the condensed consolidated statement of comprehensive income on the same line as the gain or loss on the hedged item attributable to the hedged risk.

The Company formally documents its hedge relationships, including the identification of the hedging instruments and the hedged items, as well as its risk management objectives and strategies for undertaking the cash flow hedges. The Company also formally assesses whether a cash flow hedge is highly effective in offsetting changes in the cash flows of the hedged item. Derivatives are recorded at fair value in other current assets and accrued liabilities.

Cash Flow Hedges

Forward foreign exchange contracts—The Company enters into forward contracts to hedge currency risk of the U.S. Dollar against the Mexican Peso and the Euro against the U.S. Dollar. The forward contracts are used to mitigate the potential volatility to earnings and cash flow arising from changes in currency exchange rates that impact the Company’s foreign currency transactions. As of March 31, 2014, the notional amount of these contracts was $17,326. The fair values of these contracts at March 31, 2014 were $217 in the asset position recorded in other current assets and $79 in the liability position recorded in accrued liabilities in the condensed consolidated balance sheet. The gains or losses on the forward contracts are reported as a component of accumulated other comprehensive loss and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. The amount reclassified from accumulated other comprehensive loss into cost of products sold was $7 for the three months ended March 31, 2014. These foreign currency derivative contracts consist of hedges of transactions up to December 2014.

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 14, per share and share amounts)

Undesignated Derivatives

As part of the FMEA joint venture, SPBT had undesignated derivative forward contracts to hedge currency risk of the Euro against the Polish Zloty which are included in the Company’s condensed consolidated financial statements. The forward contracts are used to mitigate the potential volatility of cash flows arising from changes in currency exchange rates that impact the Company’s foreign currency transactions. These foreign currency derivative contracts relate to hedge transactions through April 2014. As of March 31, 2014, the notional amount of these contracts was $930. At March 31, 2014, the fair value of the Company’s undesignated derivative forward contracts was a liability of $4 and is recorded in accrued liabilities in the Company’s condensed consolidated balance sheet. The unrealized gain or loss on the forward contracts is reported as a component of other income (expense), net. The unrealized loss amounted to $188 and $38 for the three months ended March 31, 2013 and 2014, respectively.

Fair Value Measurements

ASC 820 clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based upon assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, ASC 820 establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:

Level 1:	Observable inputs such as quoted prices in active markets;
Level 2:	Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and
Level 3:	Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

Estimates of the fair value of foreign currency and interest rate derivative instruments are determined using exchange traded prices and rates. The Company also considers the risk of non-performance in the estimation of fair value, and includes an adjustment for non-performance risk in the measure of fair value of derivative instruments. In certain instances where market data is not available, the Company uses management judgment to develop assumptions that are used to determine fair value. Fair value measurements and the fair value hierarchy level for the Company’s liabilities measured or disclosed at fair value on a recurring basis as of December 31, 2013 and March 31, 2014, are shown below:

	December 31, 2013			March 31, 2014			Input
Forward foreign exchange contracts - other current assets	$	36		$	217		Level 2
Forward foreign exchange contracts - accrued liabilities	(1		)	(83		)	Level 2

Items measured at fair value on a non-recurring basis

In addition to items that are measured at fair value on a recurring basis, the Company measures certain assets and liabilities at fair value on a non-recurring basis, which are not included in the table above. As these non-recurring fair value measurements are generally determined using unobservable inputs, these fair value measurements are classified within Level 3 of the fair value hierarchy. For further information on assets and liabilities measured at fair value on a non-recurring basis, see Note 3. “Restructuring.”

16. Accounts Receivable Factoring

As a part of its working capital management, the Company sells certain receivables through third party financial institutions with and without recourse. The amount sold varies each month based on the amount of underlying receivables and cash flow needs of the Company. The Company continues to service the receivables. These are permitted transactions under the Company’s Term Loan Facility, Amended Senior ABL Facility and Senior ABL Facility.

At March 31, 2013 and 2014, the Company had $89,015 and $120,366, respectively, outstanding under receivable transfer agreements without recourse entered into by various locations. The total amount of accounts receivable factored were $113,402 and $139,130 for the three months ended March 31, 2013 and 2014, respectively. Costs incurred on the sale of receivables were $645 and $798 for the three months ended March 31, 2013 and 2014, respectively. These amounts are recorded in other income (expense), net and interest expense, net of interest income in the condensed consolidated statements of comprehensive income.

23

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 14, per share and share amounts)

At March 31, 2013 and 2014, the Company had $15,197 and $9,500, respectively, outstanding under receivable transfer agreements with recourse. The secured borrowings are recorded in debt payable within one year and receivables are pledged equal to the balance of the borrowings. The total amount of accounts receivable factored was $22,712 and $15,695 for the three months ended March 31, 2013 and 2014, respectively. Costs incurred on the sale of receivables were $84 and $92 for the three months ended March 31, 2013 and 2014, respectively. These amounts are recorded in other income (expense), net and interest expense, net of interest income in the condensed consolidated statements of comprehensive income.

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Item 2.        Management’s Discussion and Analysis of Financial Condition and Results of Operations

This Management’s Discussion and Analysis of Financial Condition and Results of Operations presents information related to the condensed consolidated results of operations of the Company, including the impact of restructuring costs on the Company’s results, a discussion of the past results and future outlook of each of the Company’s segments, and information concerning both the liquidity and capital resources of the Company. The following discussion and analysis, which should be read in conjunction with our condensed consolidated financial statements and the notes included elsewhere in this report, contains certain forward-looking statements relating to anticipated future financial condition and operating results of the Company and its current business plans. In the future, the financial condition and operating results of the Company could differ materially from those discussed herein and its current business plans could be altered in response to market conditions and other factors beyond the Company’s control. Important factors that could cause or contribute to such differences or changes include those discussed elsewhere in this report (see “Forward-Looking Statements” below) and in our Annual Report on Form 10-K for the year ended December 31, 2013 (the “2013 Annual Report”) (see Item 1A. Risk Factors).

Business Environment and Outlook

Our business is directly affected by the automotive build rates in North America and Europe. It is also becoming increasingly impacted by build rates in South America and Asia Pacific. New vehicle demand is driven by macro-economic and other factors, such as interest rates, manufacturer and dealer sales incentives, fuel prices, consumer confidence, employment levels, income growth trends and government and tax incentives.

Details on light vehicle production in certain regions for the three months ended March 31, 2013 and 2014 are provided in the following table:

(In millions of units)	Q1 2013(1,2)	Q1 2014(1)	% Change
North America	4.0	4.2	5.8%
Europe	4.8	5.1	5.3%
South America	1.0	1.0	(3.5)%
Asia Pacific	10.8	11.3	5.1%

(1) Production data based on IHS Automotive, March 2014.

(2) Production data for 2013 has been updated to reflect actual production levels.

The expected annualized light vehicle production volumes for 2014, compared to the actual production volumes for 2013 are provided in the following table:

(In millions of units)	2013(1,2)	2014(1)	% Change
North America	16.2	16.8	3.6%
Europe	19.5	19.6	0.5%
South America	4.5	4.4	(2.7)%
Asia Pacific	43.0	44.5	3.5%

(1) Production data based on IHS Automotive, March 2014.

(2) Production data for 2013 has been updated to reflect actual production levels.

The expected light vehicle production volume for the second quarter of 2014, compared to the actual production volumes for the second quarter of 2013 are provided in the following table:

(In millions of units)	Q2 2013(1)	Q2 2014(1)	% Change
North America	4.3	4.3	1.3	%
Europe	5.2	5.1	(0.6	)%
South America	1.2	1.1	(10.5	)%
Asia Pacific	10.4	10.8	4.3	%

(1) Production data based on IHS Automotive, March 2014.

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Competition in the automotive supplier industry is intense and has increased in recent years as OEMs have demonstrated a preference for stronger relationships with fewer suppliers. There are typically three or more significant competitors and numerous smaller competitors for most of the products we produce. Globalization and the importance of servicing customers around the world will continue to shape the success of suppliers going forward.

OEMs have shifted some research and development, design and testing responsibility to suppliers, while at the same time shortening new product cycle times. To remain competitive, suppliers must have state-of-the-art engineering and design capabilities and must be able to continuously improve their engineering, design and manufacturing processes to effectively service the customer. Suppliers are increasingly expected to collaborate on, or assume the product design and development of, key automotive components and to provide innovative solutions to meet evolving technologies aimed at improved emissions, fuel economy, fit and finish and overall performance.

Consolidations and market share shifts among vehicle manufacturers continues to put additional pressures on the supply chain. At the same time, the introduction of multiple new vehicle platforms across most OEMs, coupled with volume recovery in some regions, has put increased pressure on the supply chain’s capital and capacity. We expect to continue to add necessary infrastructure to support our customers' new vehicle launch needs and transfer capacity to low cost regions to both address pricing pressure and provide local support to customers in emerging markets.

Results of Operations

	Three Months Ended March 31,
	2013			2014
	(dollar amounts in thousands)
Sales	$	747,577		$	837,606
Cost of products sold	627,264			703,347
Gross profit	120,313			134,259
Selling, administration & engineering expenses	75,094			79,571
Amortization of intangibles	3,891			4,436
Restructuring	4,760			3,089
Operating profit	36,568			47,163
Interest expense, net of interest income	(11,207		)	(15,008		)
Equity earnings	2,735			1,236
Other income (expense), net	(332		)	30
Income before income taxes	27,764			33,421
Income tax expense	7,891			12,064
Net income	19,873			21,357
Net (income) loss attributable to noncontrolling interests	828			(1,622		)
Net income attributable to Cooper-Standard Holdings Inc.	$	20,701		$	19,735

Three Months Ended March 31, 2014 Compared with Three Months Ended March 31, 2013

Sales. Sales were $837.6 million for the three months ended March 31, 2014 compared to $747.6 million for the three months ended March 31, 2013, an increase of $90.0 million, or 12.0%. Sales were favorably impacted by increased volumes, primarily in North America and Europe, and incremental sales related to the Jyco acquisition, which was completed July 31, 2013. These items were partially offset by customer price concessions and unfavorable foreign exchange of $4.7 million.

Cost of Products Sold. Cost of products sold is primarily comprised of material, labor, manufacturing overhead, depreciation and amortization and other direct operating expenses. Cost of products sold was $703.3 million for the three months ended March 31, 2014 compared to $627.3 million for the three months ended March 31, 2013, an increase of $76.0 million, or 12.1%. Raw materials comprise the largest component of our cost of products sold and represented approximately 50% and 49% of total cost of products sold for the three months ended March 31, 2013 and 2014, respectively. The period was impacted by increased volumes primarily in North America and Europe, higher staffing costs, other operating expenses and the Jyco acquisition. These items were partially offset by continuous improvement savings.

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Gross Profit. Gross profit for the three months ended March 31, 2014 was $134.3 million compared to $120.3 million for the three months ended March 31, 2013, an increase of $14.0 million, or 11.6%. The increase in gross profit was driven primarily by the favorable impact of continuous improvement savings and increased volumes primarily in North America and Europe, partially offset by customer price concessions, higher staffing costs and other operating expenses. As a percentage of sales, gross profit was 16.1% and 16.0% of sales for the three months ended March 31, 2013 and 2014, respectively.

Selling, Administration and Engineering. Selling, administration and engineering expense for the three months ended March 31, 2014 was $79.6 million, or 9.5% of sales, compared to $75.1 million, or 10.0% of sales, for the three months ended March 31, 2013. Selling, administration and engineering expense for the three months ended March 31, 2014 was impacted by increased staffing and compensation expenses as we increase our research and development and engineering resources to support our growth initiatives around the world and improve our business processes.

Restructuring. Restructuring charges were $3.1 million for the three months ended March 31, 2014 compared to $4.8 million for the three months ended March 31, 2013. The decrease is due primarily to the timing of our various restructuring initiatives.

Interest Expense, Net. Net interest expense of $15.0 million for the three months ended March 31, 2014 resulted primarily from interest and debt issue amortization recorded on the Senior Notes and Senior PIK Toggle Notes. Net interest expense of $11.2 million for the three months ended March 31, 2013 consisted primarily of interest and debt issue amortization recorded on the Senior Notes.

Other Income (Expense), Net.Other income for the three months ended March 31, 2014 consisted primarily of foreign currency gains of $0.5 million and loss on sale of receivables of $0.5 million. Other expense for the three months ended March 31, 2013 was $0.3 million, which consisted of foreign currency gains of $0.3 million, loss on sale of receivables of $0.4 million and unrealized losses related to forward contracts of $0.2 million.

Income Tax Expense. For the three months ended March 31, 2014, we recorded an income tax expense of $12.1 million on earnings before income taxes of $33.4 million. This compares to an income tax expense of $7.9 million on earnings before income taxes of $27.8 million for the same period of 2013. The higher income tax expense for the three months ended March 31, 2014 as compared to the three months ended March 31, 2013 is primarily due to the tax benefits related to the retroactive reinstatement of the U.S. research and development tax credit under The American Taxpayer Relief Act of 2012 which was enacted in the three months ended March 31, 2013. Income tax expense for the three months ended March 31, 2014 differs from statutory rates due to income taxes on foreign earnings taxed at rates different from the U.S. statutory rate, the inability to record a tax benefit for pre-tax losses in certain foreign jurisdictions to the extent not offset by other categories of income, tax credits, income tax incentives, withholding taxes, and other permanent items. Further, our current and future provision for income taxes may be impacted by the recognition of valuation allowances in certain countries. We intend to maintain these allowances until it is more likely than not that the deferred tax assets will be realized.

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Segment Results of Operations

The following table presents sales and segment profit (loss) for each of the reportable segments for the three months ended March 31, 2013 and 2014:

	Three Months Ended March 31,
	2013			2014
	(dollar amounts in thousands)
Sales to external customers
North America	$	382,808		$	432,605
Europe	264,487			308,161
South America	45,402			39,766
Asia Pacific	54,860			57,074
Consolidated	$	747,557		$	837,606
Segment profit (loss)
North America	$	33,806		$	38,460
Europe	(6,053		)	(3,182		)
South America	(3,381		)	(2,507		)
Asia Pacific	3,392			650
Income before income taxes	$	27,764		$	33,421

Three Months Ended March 31, 2014 Compared with Three Months Ended March 31, 2013

North America. Sales for the three months ended March 31, 2014increased$49.8 million, or 13.0%, primarily due to an increase in sales volume, partially offset by customer price concessions and unfavorable foreign exchange of $7.2 million. In addition, sales were favorably impacted by the Jyco acquisition which was completed July 31, 2013. Segment profit for the three months ended March 31, 2014increased by $4.7 million, primarily due to increased volumes, the favorable impact of continuous improvement savings and the Jyco acquisition, partially offset by customer price concessions, higher staffing costs and other operating expenses.

Europe. Sales for the three months ended March 31, 2014increased$43.7 million, or 16.5%, primarily due to an increase in sales volume and favorable foreign exchange of $11.4 million, partially offset by customer price concessions. Segment lossimproved by $2.9 million, primarily due to increased volumes and the favorable impact of continuous improvement savings, partially offset by customer price concessions, higher staffing costs and other operating expenses.

South America. Sales for the three months ended March 31, 2014decreased$5.6 million, or 12.4%, primarily due to unfavorable foreign exchange of $7.3 million, partially offset by an increase in sales volume. Segment loss for the three months ended March 31, 2014improved by $0.9 million, primarily due to the favorable impact of continuous improvement savings and increased volumes, partially offset by higher material costs.

Asia Pacific. Sales for the three months ended March 31, 2014increased$2.2 million, or 4.0%, primarily due to the Jyco acquisition which was completed July 31, 2013, partially offset by customer price concessions and unfavorable foreign exchange of $1.6 million. Segment profit for the three months ended March 31, 2014decreased by $2.7 million, primarily due to higher staffing costs and customer price concessions, partially offset by the favorable impact of continuous improvement savings and the Jyco acquisition.

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Liquidity and Capital Resources

Short and Long-Term Liquidity Considerations and Risks

We intend to fund our ongoing capital and working capital requirements through a combination of cash flows from operations, cash on hand and borrowings under our Amended Senior ABL Facility, in addition to certain receivable factoring. The Company utilizes intercompany loans and equity contributions to fund its worldwide operations. There may be country specific regulations which may restrict or result in increased costs in the repatriation of these funds. See Note 5. “Debt” to the condensed consolidated financial statements for additional information.

Based on our current and anticipated levels of operations and the condition in our markets and industry, we believe that our cash on hand, cash flow from operations and availability under our Amended Senior ABL Facility will enable us to meet our working capital, capital expenditures, debt service and other funding requirements for the next 12 months. However, our ability to fund our working capital needs, debt payments and other obligations, and to comply with the financial covenants, including borrowing base limitations, under our Amended Senior ABL Facility, depends on our future operating performance and cash flow and many factors outside of our control, including the costs of raw materials, the state of the overall automotive industry and financial and economic conditions and other factors. Any future acquisitions, joint ventures or other similar transactions will likely require additional capital and there can be no assurance that any such capital will be available to us on acceptable terms, if at all.

Cash Flows

Operating Activities. Net cash provided by operations was $3.9 million for the three months ended March 31, 2014, which included $56.6 million of cash used that related to changes in operating assets and liabilities. The use of cash related to operating assets and liabilities was primarily a result of increased accounts receivables and inventories and decreased accounts payable, partially offset by increased accrued liabilities. Net cash used in operations was $13.3 million for the three months ended March 31, 2013, which included $68.6 million of cash used that related to changes in operating assets and liabilities.

Investing Activities. Net cash used in investing activities was $60.7 million for the three months ended March 31, 2014, which consisted primarily of $63.8 million of capital spending, offset by a $1.0 million return on equity investments and proceeds of $2.1 million for the sale of fixed assets and other. Net cash used in investing activities was $31.9 million for the three months ended March 31, 2013, which consisted primarily of $34.3 million of capital spending, offset by a $2.1 million return on equity investments and proceeds of $0.2 million from the sale of fixed assets and other. We anticipate that we will spend approximately $195 million to $205 million on capital expenditures in 2014.

Financing Activities. Net cash provided by financing activities totaled $9.6 million for the three months ended March 31, 2014, which consisted primarily of $4.6 million related to the exercise of stock warrants and increases in short and long-term debt of $2.3 million and $4.4 million, respectively, partially offset by debt issuance costs of $0.7 million. Net cash used in financing activities totaled $11.5 million for the three months ended March 31, 2013, which consisted primarily of repurchase of common stock of $11.1 million, purchase of noncontrolling interest of $1.9 million, payments on long-term debt of $1.8 million and payment of cash dividends on our 7% preferred stock of $1.7 million, offset by an increase in short-term debt of $4.9 million.

Non-GAAP Financial Measures

In evaluating our business, management considers EBITDA and Adjusted EBITDA as key indicators of our operating performance. Our management also uses EBITDA and Adjusted EBITDA:

• because similar measures are utilized in the calculation of the financial covenants and ratios contained in our financing arrangements;

• in developing our internal budgets and forecasts;

• as a significant factor in evaluating our management for compensation purposes;

• in evaluating potential acquisitions;

• in comparing our current operating results with corresponding historical periods and with the operational performance of other companies in our industry; and

• in presentations to the members of our board of directors to enable our board of directors to have the same measurement basis of operating performance as is used by management in their assessments of performance and in forecasting and budgeting for our company.

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In addition, we believe EBITDA and Adjusted EBITDA and similar measures are widely used by investors, securities analysts and other interested parties in evaluating our performance. We define Adjusted EBITDA as net income (loss) plus income tax expense (benefit), interest expense, net of interest income, depreciation and amortization or EBITDA, as adjusted for items that management does not consider to be reflective of our core operating performance. These adjustments include restructuring costs, impairment charges, non-cash fair value adjustments, acquisition related costs, non-cash stock based compensation and non-cash gains and losses from certain foreign currency transactions and translation.

We calculate EBITDA and Adjusted EBITDA by adjusting net income (loss) to eliminate the impact of a number of items we do not consider indicative of our ongoing operating performance. You are encouraged to evaluate each adjustment and the reasons we consider it appropriate for supplemental analysis. EBITDA and Adjusted EBITDA are not financial measurements recognized under U.S. GAAP, and when analyzing our operating performance, investors should use EBITDA and Adjusted EBITDA in addition to, and not as alternatives for, net income (loss), operating income, or any other performance measure derived in accordance with U.S. GAAP, nor as an alternative to cash flow from operating activities as a measure of our liquidity. EBITDA and Adjusted EBITDA have limitations as analytical tools, and they should not be considered in isolation or as substitutes for analysis of our results of operations as reported under U.S. GAAP. These limitations include:

• they do not reflect our cash expenditures or future requirements for capital expenditure or contractual commitments;

• they do not reflect changes in, or cash requirements for, our working capital needs;

• they do not reflect interest expense or cash requirements necessary to service interest or principal payments under our Senior Notes, Senior PIK Toggle Notes and Senior ABL Facility;

• they do not reflect certain tax payments that may represent a reduction in cash available to us;

• although depreciation and amortization are non-cash charges, the assets being depreciated or amortized may have to be replaced in the future, and EBITDA and Adjusted EBITDA do not reflect cash requirements for such replacements; and

• other companies, including companies in our industry, may calculate these measures differently and, as the number of differences in the way companies calculate these measures increases, the degree of their usefulness as a comparative measure correspondingly decreases.

In addition, in evaluating Adjusted EBITDA, it should be noted that in the future we may incur expenses similar to the adjustments in the below presentation. Our presentation of Adjusted EBITDA should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items.

The following table provides a reconciliation of EBITDA and Adjusted EBITDA to net income, which is the most comparable financial measure in accordance with U.S. GAAP:

	Three Months Ended March 31,
	2013			2014
	(dollar amounts in millions)
Net income attributable to Cooper-Standard Holdings Inc.	$	20.7		$	19.7
Income tax expense	7.9			12.1
Interest expense, net of interest income	11.2			15.0
Depreciation and amortization	29.8			28.3
EBITDA	$	69.6		$	75.1
Restructuring (1)	4.8			3.1
Noncontrolling interest (2)	(0.7		)	(0.1		)
Stock-based compensation (3)	2.7			2.1
Other (4)	0.3			0.4
Adjusted EBITDA	$	76.7		$	80.6

(1) Includes non-cash restructuring.

(2) Proportionate share of restructuring costs related to FMEA joint venture.

(3) Non-cash stock amortization expense and non-cash stock option expense for grants issued at emergence from bankruptcy.

(4) Professional fees related to corporate development activities and acquisitions.

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Recent Accounting Pronouncements

See Note 1. “Overview” to the condensed consolidated financial statements included elsewhere in this Form 10-Q.

Forward-Looking Statements

This Quarterly Report on Form 10-Q includes “forward-looking statements” within the meaning of U.S. federal securities laws, and we intend that such forward-looking statements be subject to the safe harbor created thereby. We make forward-looking statements in this Quarterly Report on Form 10-Q and may make such statements in future filings with the SEC. We may also make forward-looking statements in our press releases or other public or stockholder communications. These forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, business trends, and other information that is not historical information and, in particular, appear under “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Risk Factors,” and “Business Environment and Outlook.” When used in this report, the words “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” “forecasts,” or future or conditional verbs, such as “will,” “should,” “could,” or “may,” and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements, including, without limitation, management’s examination of historical operating trends and data are based upon our current expectations and various assumptions. Our expectations, beliefs, and projections are expressed in good faith and we believe there is a reasonable basis for them. However, no assurances can be made that these expectations, beliefs, and projections will be achieved. Forward-looking statements are not guarantees of future performance and are subject to significant risks and uncertainties that may cause actual results or achievements to be materially different from the future results or achievements expressed or implied by the forward-looking statements.

The risks, uncertainties, and other important factors that could cause our actual results to differ materially from the forward-looking statements in this report include, among others: cyclicality of the automotive industry with the possibility of further material contractions in automotive sales and production affecting the viability of our customers and financial condition of our customers; global economic uncertainty, particularly in Europe; loss of large customers or significant platforms; our ability to generate sufficient cash to service our indebtedness, and obtain future financing; operating and financial restrictions imposed on us by our credit agreements; our underfunded pension plans;  supply shortages; escalating pricing pressures and decline of volume requirements from our customers; our ability to meet significant increases in demand; availability and increasing volatility in cost of raw materials or manufactured components; our ability to continue to compete successfully in the highly competitive automotive parts industry; risks associated with our non-U.S. operations; foreign currency exchange rate fluctuations; our ability to control the operations of joint ventures for our benefit; the effectiveness of our continuous improvement program and other cost savings plans; a disruption in our information technology systems; product liability and warranty and recall claims that may be brought against us; work stoppages or other labor conditions; natural disasters; our ability to meet our customers’ needs for new and improved products in a timely manner or cost-effective basis; the possibility that our acquisition strategy may not be successful; our legal rights to our intellectual property portfolio; environmental and other regulations; the possible volatility of our annual effective tax rate; significant changes in discount rates and the actual return on pension assets; the possibility of future impairment charges to our goodwill and long-lived assets; and the interests of our major stockholders may conflict with our interests. See Item 1A. Risk Factors, in our 2013 Annual Report for additional information regarding these and other risks and uncertainties. There may be other factors that may cause our actual results to differ materially from the forward-looking statements.

All forward-looking statements attributable to us or persons acting on our behalf apply only as of the date of this report and are expressly qualified in their entirety by the cautionary statements included in this report. We undertake no obligation to update or revise forward-looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.

Item 3.        Quantitative and Qualitative Disclosures About Market Risk

There have been no material changes to the quantitative and qualitative information about the Company’s market risk from those previously disclosed in the Company’s 2013 Annual Report.

31

Item 4.        Controls and Procedures

Evaluation of Disclosure Controls and Procedures

The Company has evaluated, under the supervision and with the participation of the Company’s management, including the Company’s Chief Executive Officer and Chief Financial Officer, the effectiveness of the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended) as of the end of the period covered by this Report. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected. Based on that evaluation, the Company’s Chief Executive Officer along with the Chief Financial Officer have concluded that the Company’s disclosure controls and procedures were effective as of the end of the period covered by this Report.

Changes in Internal Control over Financial Reporting

There have been no changes in the Company’s internal control over financial reporting during the quarter ended March 31, 2014 that have materially affected, or are reasonably likely to affect, the Company’s internal control over financial reporting.

32

PART II — OTHER INFORMATION

Item 1.        Legal Proceedings

We are periodically involved in claims, litigation and various legal matters that arise in the ordinary course of business. In addition, we conduct and monitor environmental investigations and remedial actions at certain locations. We accrue for litigation exposure when it is probable that future costs will be incurred and such costs can be reasonably estimated. Any resulting adjustments, which could be material, are recorded in the period the adjustments are identified. As of March 31, 2014, management does not believe that there is a reasonable possibility that any material loss exceeding the amounts already recognized for our litigation claims and matters, if any, has been incurred. However, the ultimate resolutions of these proceedings and matters are inherently unpredictable. As such, our financial condition and results of operations could be adversely affected in any particular period by the unfavorable resolution of one or more of these proceedings or matters.

Item 1A.    Risk Factors

In addition to other information set forth in this report, you should carefully consider the factors discussed in Part I, Item 1A. Risk Factors in our 2013 Annual Report which could materially impact our business, financial condition or future results. Risks disclosed in the 2013 Annual Report are not the only risks facing the Company. Additional risks and uncertainties not currently known to us or that we currently deem immaterial may materially adversely impact our business, financial condition or operating results.

Item 2.        Unregistered Sales of Equity Securities and Use of Proceeds

(c) Purchases of Equity Securities By the Issuer and Affiliated Purchasers

On May 24, 2013, the Company announced that its Board of Directors approved a securities repurchase program (the “Program”) authorizing the Company to repurchase, in the aggregate, up to $50 million of its outstanding common stock or warrants to purchase common stock. Under the Program, repurchases may be made on the open market or through private transactions, as determined by the Company’s management and in accordance with prevailing market conditions and federal securities laws and regulations. The Company expects to fund all repurchases from cash on hand and future cash flows from operations. The Company is not obligated to acquire a particular amount of securities, and the program may be discontinued at any time at the Company’s discretion. This program was not affected by our May 2013 tender offer, pursuant to which we purchased approximately $200 million of our common stock.

The following table presents repurchases of common stock during the period covered by this Report:

2014	Total Number of Shares Purchased(1)	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Approximate Dollar Value of Shares that May Yet be Purchased Under the Program (in millions)
January 1 - January 31	596	$	52.62	—	$	45.4
February 1 - February 28	26	$	56.99	—	$	45.4
March 1 - March 31	7,682	$	66.04	—	$	45.4
Total	8,304	$	65.05	—	$	45.4

(1) 8,304 shares of common stock were deemed surrendered to the Company by participants in various benefit plans of the Company to satisfy the participants’ taxes related to vesting or delivery of time vesting restricted share units under those plans.

33

Item 6.        Exhibits

Exhibit No.	Description of Exhibit
4.1*	Supplemental Indenture, dated as of April 3, 2014, between Cooper-Standard Holdings Inc. and U.S. Bank National Association, as trustee, relating to the Senior PIK Toggle Notes due 2018 (incorporated by reference to Exhibit 4.1 to Cooper-Standard Holdings Inc's Current Report on Form 8-K filed April 8, 2014).
10.1*	Credit Agreement, dated as of April 4, 2014, among CS Intermediate HoldCo 2 LLC, CS Intermediate HoldCo 1 LLC, Deutsche Bank AG New York Branch, as administrative agent and collateral agent, and the other lenders party thereto (incorporated by reference to Exhibit 10.1 to Cooper-Standard Holdings Inc's Current Report on Form 8-K filed April 8, 2014).
10.2*	Second Amended and Restated Loan Agreement, dated as of April 4, 2014, among CS Intermediate HoldCo 1 LLC, CS Intermediate HoldCo 2 LLC, Cooper-Standard Automotive Inc., Cooper-Standard Automotive Canada Limited, Cooper-Standard Automotive International Holdings B.V., the other guarantors party thereto, certain lenders party thereto and Bank of America, N.A., as agent (incorporated by reference to Exhibit 10.2 to Cooper-Standard Holdings Inc's Current Report on Form 8-K filed April 8, 2014).
31.1**	Certification of Principal Executive Officer Pursuant to Exchange Act Rule 13a-14(a)/15d-14(a) (Section 302 of the Sarbanes-Oxley Act of 2002).
31.2**	Certification of Principal Financial Officer Pursuant to Exchange Act Rule 13a-14(a)/15d-14(a) (Section 302 of the Sarbanes-Oxley Act of 2002).
32.1**	Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350 (Section 906 of the Sarbanes-Oxley Act of 2002).
32.2**	Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350 (Section 906 of the Sarbanes-Oxley Act of 2002).
101.INS***	XBRL Instance Document
101.SCH***	XBRL Taxonomy Extension Schema Document
101.CAL***	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF***	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB***	XBRL Taxonomy Label Linkbase Document
101.PRE***	XBRL Taxonomy Extension Presentation Linkbase Document

* Previously filed.

** Filed herewith.

*** Submitted electronically with the Report.

34

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	COOPER-STANDARD HOLDINGS INC.
May 6, 2014	/S/ JEFFREY S. EDWARDS
Date	Jeffrey S. Edwards Chairman and Chief Executive Officer
May 6, 2014	/S/ ALLEN J. CAMPBELL
Date	Allen J. Campbell Chief Financial Officer (Principal Financial Officer)
May 6, 2014	/S/ HELEN T. YANTZ
Date	Helen T. Yantz Chief Accounting Officer (Principal Accounting Officer)

35

INDEX TO EXHIBITS

Exhibit No.	Description of Exhibit
4.1*	Supplemental Indenture, dated as of April 3, 2014, between Cooper-Standard Holdings Inc. and U.S. Bank National Association, as trustee, relating to the Senior PIK Toggle Notes due 2018 (incorporated by reference to Exhibit 4.1 to Cooper-Standard Holdings Inc's Current Report on Form 8-K filed April 8, 2014).
10.1*	Credit Agreement, dated as of April 4, 2014, among CS Intermediate HoldCo 2 LLC, CS Intermediate HoldCo 1 LLC, Deutsche Bank AG New York Branch, as administrative agent and collateral agent, and the other lenders party thereto (incorporated by reference to Exhibit 10.1 to Cooper-Standard Holdings Inc's Current Report on Form 8-K filed April 8, 2014).
10.2*	Second Amended and Restated Loan Agreement, dated as of April 4, 2014, among CS Intermediate HoldCo 1 LLC, CS Intermediate HoldCo 2 LLC, Cooper-Standard Automotive Inc., Cooper-Standard Automotive Canada Limited, Cooper-Standard Automotive International Holdings B.V., the other guarantors party thereto, certain lenders party thereto and Bank of America, N.A., as agent (incorporated by reference to Exhibit 10.2 to Cooper-Standard Holdings Inc's Current Report on Form 8-K filed April 8, 2014).
31.1**	Certification of Principal Executive Officer Pursuant to Exchange Act Rule 13a-14(a)/15d-14(a) (Section 302 of the Sarbanes-Oxley Act of 2002).
31.2**	Certification of Principal Financial Officer Pursuant to Exchange Act Rule 13a-14(a)/15d-14(a) (Section 302 of the Sarbanes-Oxley Act of 2002).
32.1**	Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350 (Section 906 of the Sarbanes-Oxley Act of 2002).
32.2**	Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350 (Section 906 of the Sarbanes-Oxley Act of 2002).
101.INS***	XBRL Instance Document
101.SCH***	XBRL Taxonomy Extension Schema Document
101.CAL***	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF***	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB***	XBRL Taxonomy Label Linkbase Document
101.PRE***	XBRL Taxonomy Extension Presentation Linkbase Document

* Previously filed.

** Filed herewith.

*** Submitted electronically with the Report.

36

EX-31.1

Exhibit 31.1

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER, PURSUANT TO EXCHANGE ACT RULE 13a-14(a)/15d-14(a)

(SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002)

I, Jeffrey S. Edwards, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Cooper-Standard Holdings Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 6, 2014	By:	/s/ Jeffrey S. Edwards
		Jeffrey S. Edwards
		Chairman and Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER, PURSUANT TO EXCHANGE ACT RULE 13a-14(a)/15d-14(a)

(SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002)

I, Allen J. Campbell, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Cooper-Standard Holdings Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 6, 2014	By:	/s/ Allen J. Campbell
		Allen J. Campbell
		Chief Financial Officer
		(Principal Financial Officer)

EX-32.1

Exhibit 32.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 AS

(SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002)

In connection with the Quarterly Report of Cooper-Standard Holdings Inc. (the “Company”) on Form 10-Q for the period ended March 31, 2014 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Jeffrey S. Edwards, certify, pursuant to 18 U.S.C. section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

1. The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: May 6, 2014	By:	/s/ Jeffrey S. Edwards
		Jeffrey S. Edwards
		Chief Executive Officer
		(Principal Executive Officer)

EX-32.2

Exhibit 32.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350

(SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002)

In connection with the Quarterly Report of Cooper-Standard Holdings Inc. (the “Company”) on Form 10-Q for the period ended March 31, 2014 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Allen J. Campbell, certify, pursuant to 18 U.S.C. section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

1. The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: May 6, 2014	By:	/s/ Allen J. Campbell
		Allen J. Campbell
		Chief Financial Officer
		(Principal Financial Officer)

XML

Restructuring - Summary of Activity of Restructuring (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Restructuring Cost and Reserve [Line Items]
Restructuring	$ 3,089	$ 4,760
Restructuring activities prior years [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	835
Restructuring	530
Cash payments and foreign exchange translation	(572)
Restructuring Reserve, Ending Balance	793
Restructuring activities 2013 [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	13,501
Restructuring	2,273
Cash payments and foreign exchange translation	(2,280)
Restructuring Reserve, Ending Balance	13,494
Employee Separation Costs [Member] | Restructuring activities prior years [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	819
Restructuring	242
Cash payments and foreign exchange translation	(283)
Restructuring Reserve, Ending Balance	778
Employee Separation Costs [Member] | Restructuring activities 2013 [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	13,501
Restructuring	0
Cash payments and foreign exchange translation	(7)
Restructuring Reserve, Ending Balance	13,494
Other Exit Costs [Member] | Restructuring activities prior years [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	16
Restructuring	288
Cash payments and foreign exchange translation	(289)
Restructuring Reserve, Ending Balance	15
Other Exit Costs [Member] | Restructuring activities 2013 [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	0
Restructuring	2,273
Cash payments and foreign exchange translation	(2,273)
Restructuring Reserve, Ending Balance	0
Asset Impairments [Member] | Restructuring activities prior years [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	0
Restructuring	0
Cash payments and foreign exchange translation	0
Restructuring Reserve, Ending Balance	0
Asset Impairments [Member] | Restructuring activities 2013 [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	0
Restructuring	0
Cash payments and foreign exchange translation	0
Restructuring Reserve, Ending Balance	$ 0

XML

Business Segments - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2014 Segment
Segment Reporting Information [Line Items]
Number of reportable segments	4
Scenario, Previously Reported [Member]
Segment Reporting Information [Line Items]
Number of reportable segments	2
Number of geographic regions	2

XML

Accumulated Other Comprehensive Income , Equity and Redeemable Noncontrolling Interests - Summary of Equity and Redeemable Noncontrolling Interest Activity (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Equity And Noncontrolling Interests [Line Items]
Equity at January 1, 2014	$ 615,572
Net income	21,357	19,873
Warrant exercise	4,571	0
Equity at March 31, 2014	643,883
Cooper-Standard Holdings Inc. [Member]
Equity And Noncontrolling Interests [Line Items]
Equity at January 1, 2014	618,150
Net income	19,735
Warrant exercise	4,571
Other comprehensive income (loss)	(803)
Stock-based compensation	3,631
Shares issued under stock option plans	(454)
Equity at March 31, 2014	644,830
Noncontrolling Interests [Member]
Equity And Noncontrolling Interests [Line Items]
Equity at January 1, 2014	(2,578)
Net income	1,621
Warrant exercise	0
Other comprehensive income (loss)	10
Stock-based compensation	0
Shares issued under stock option plans	0
Equity at March 31, 2014	(947)
Redeemable Noncontrolling Interests [Member]
Equity And Noncontrolling Interests [Line Items]
Equity at January 1, 2014	5,153
Net income	1
Warrant exercise	0
Other comprehensive income (loss)	166
Stock-based compensation	0
Shares issued under stock option plans	0
Equity at March 31, 2014	5,320
Total Equity [Member]
Equity And Noncontrolling Interests [Line Items]
Equity at January 1, 2014	615,572
Net income	21,356
Warrant exercise	4,571
Other comprehensive income (loss)	(793)
Stock-based compensation	3,631
Shares issued under stock option plans	(454)
Equity at March 31, 2014	$ 643,883

XML

Business Segments - Information on Company's Business Segments (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Segment Reporting Information [Line Items]
Sales to external customers	$ 837,606	$ 747,577
Intersegment sales	0	0
Segment profit (loss)	33,421	27,764
Restructuring	3,089	4,760
Segment assets	2,147,913		2,102,754
Reportable Geographical Components [Member] | North America [Member]
Segment Reporting Information [Line Items]
Sales to external customers	432,605	382,808
Intersegment sales	3,359	3,734
Segment profit (loss)	38,460	33,806
Restructuring	98	1,784
Segment assets	926,044		866,847
Reportable Geographical Components [Member] | Europe [Member]
Segment Reporting Information [Line Items]
Sales to external customers	308,161	264,487
Intersegment sales	2,227	1,847
Segment profit (loss)	(3,182)	(6,053)
Restructuring	2,863	2,970
Segment assets	705,154		680,920
Reportable Geographical Components [Member] | South America [Member]
Segment Reporting Information [Line Items]
Sales to external customers	39,766	45,402
Intersegment sales	0	0
Segment profit (loss)	(2,507)	(3,381)
Restructuring	0	0
Segment assets	144,275		138,469
Reportable Geographical Components [Member] | Asia Pacific [Member]
Segment Reporting Information [Line Items]
Sales to external customers	57,074	54,860
Intersegment sales	1,847	2,105
Segment profit (loss)	650	3,392
Restructuring	128	6
Segment assets	245,378		243,736
Reportable Geographical Components [Member] | Total geographical [Member]
Segment Reporting Information [Line Items]
Sales to external customers	837,606	747,557
Eliminations and other [Member]
Segment Reporting Information [Line Items]
Intersegment sales	(7,433)	(7,686)
Segment assets	$ 127,062		$ 172,782

XML

Accumulated Other Comprehensive Income , Equity and Redeemable Noncontrolling Interests - Changes in Accumulated Other Comprehensive Income (Loss) (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Equity [Abstract]
Other comprehensive income (loss) related to benefit plan liability, tax	$ (74)	$ 98
Other comprehensive income (loss), unrealized holding gain (loss) on securities arising during period, tax	(703)
Other comprehensive income (loss) related to fair value change of derivatives, tax	$ (59)	$ (87)

XML

Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

Fair Value Hierarchy Level for Company's Liabilities Measured

Fair value measurements and the fair value hierarchy level for the Company’s liabilities measured or disclosed at fair value on a recurring basis as of December 31, 2013 and March 31, 2014, are shown below:

	December 31, 2013			March 31, 2014			Input
Forward foreign exchange contracts - other current assets	$	36		$	217		Level 2
Forward foreign exchange contracts - accrued liabilities	(1		)	(83		)	Level 2

XML

Guarantor and Non-Guarantor Subsidiaries - Condensed Consolidating Statement of Comprehensive Income (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Condensed Financial Statements, Captions [Line Items]
Sales	$ 837,606	$ 747,577
Cost of products sold	703,347	627,264
Selling, administration, & engineering expenses	79,571	75,094
Amortization of intangibles	4,436	3,891
Restructuring	3,089	4,760
Operating profit	47,163	36,568
Interest expense, net of interest income	(15,008)	(11,207)
Equity earnings	1,236	2,735
Other income (expense), net	30	(332)
Income (loss) before income taxes	33,421	27,764
Income tax expense (benefit)	12,064	7,891
Income (loss) before equity in income (loss) of subsidiaries	21,357	19,873
Equity in net income of subsidiaries	0	0
Net income	21,357	19,873
Net (income) loss attributable to noncontrolling interests	(1,622)	828
Net income attributable to Cooper-Standard Holdings Inc.	19,735	20,701
Comprehensive income	20,730	11,943
Add: comprehensive (income) loss attributable to noncontrolling interests	(1,798)	958
Comprehensive income attributable to Cooper-Standard Holdings Inc.	18,932	12,901
Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Sales	0	0
Cost of products sold	0	0
Selling, administration, & engineering expenses	0	0
Amortization of intangibles	0	0
Restructuring	0	0
Operating profit	0	0
Interest expense, net of interest income	(4,000)	0
Equity earnings	0	0
Other income (expense), net	0	0
Income (loss) before income taxes	(4,000)	0
Income tax expense (benefit)	(1,700)	0
Income (loss) before equity in income (loss) of subsidiaries	(2,300)	0
Equity in net income of subsidiaries	22,000	20,700
Net income	19,700	20,700
Net (income) loss attributable to noncontrolling interests	0	0
Net income attributable to Cooper-Standard Holdings Inc.	19,700	20,700
Comprehensive income	18,900	12,900
Add: comprehensive (income) loss attributable to noncontrolling interests	0	0
Comprehensive income attributable to Cooper-Standard Holdings Inc.	18,900	12,900
Issuer [Member]
Condensed Financial Statements, Captions [Line Items]
Sales	155,300	145,200
Cost of products sold	133,300	120,500
Selling, administration, & engineering expenses	36,800	34,800
Amortization of intangibles	2,900	2,900
Restructuring	0	1,600
Operating profit	(17,700)	(14,600)
Interest expense, net of interest income	(7,200)	(8,300)
Equity earnings	300	1,000
Other income (expense), net	6,900	7,500
Income (loss) before income taxes	(17,700)	(14,400)
Income tax expense (benefit)	(7,000)	(2,700)
Income (loss) before equity in income (loss) of subsidiaries	(10,700)	(11,700)
Equity in net income of subsidiaries	32,700	32,400
Net income	22,000	20,700
Net (income) loss attributable to noncontrolling interests	0	0
Net income attributable to Cooper-Standard Holdings Inc.	22,000	20,700
Comprehensive income	21,200	12,900
Add: comprehensive (income) loss attributable to noncontrolling interests	0	0
Comprehensive income attributable to Cooper-Standard Holdings Inc.	21,200	12,900
Guarantors [Member]
Condensed Financial Statements, Captions [Line Items]
Sales	175,100	165,700
Cost of products sold	137,800	133,200
Selling, administration, & engineering expenses	(200)	3,100
Amortization of intangibles	0	0
Restructuring	100	100
Operating profit	37,400	29,300
Interest expense, net of interest income	0	0
Equity earnings	0	900
Other income (expense), net	100	100
Income (loss) before income taxes	37,500	30,300
Income tax expense (benefit)	15,800	5,500
Income (loss) before equity in income (loss) of subsidiaries	21,700	24,800
Equity in net income of subsidiaries	0	0
Net income	21,700	24,800
Net (income) loss attributable to noncontrolling interests	0	0
Net income attributable to Cooper-Standard Holdings Inc.	21,700	24,800
Comprehensive income	21,700	24,800
Add: comprehensive (income) loss attributable to noncontrolling interests	0	0
Comprehensive income attributable to Cooper-Standard Holdings Inc.	21,700	24,800
Non-Guarantors [Member]
Condensed Financial Statements, Captions [Line Items]
Sales	557,500	486,300
Cost of products sold	482,500	423,200
Selling, administration, & engineering expenses	43,000	37,200
Amortization of intangibles	1,500	1,000
Restructuring	3,000	3,000
Operating profit	27,500	21,900
Interest expense, net of interest income	(3,800)	(2,900)
Equity earnings	900	800
Other income (expense), net	(7,000)	(7,900)
Income (loss) before income taxes	17,600	11,900
Income tax expense (benefit)	5,000	5,100
Income (loss) before equity in income (loss) of subsidiaries	12,600	6,800
Equity in net income of subsidiaries	0	0
Net income	12,600	6,800
Net (income) loss attributable to noncontrolling interests	(1,600)	800
Net income attributable to Cooper-Standard Holdings Inc.	11,000	7,600
Comprehensive income	11,400	1,400
Add: comprehensive (income) loss attributable to noncontrolling interests	(1,800)	1,000
Comprehensive income attributable to Cooper-Standard Holdings Inc.	9,600	2,400
Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Sales	(50,300)	(49,600)
Cost of products sold	(50,300)	(49,600)
Selling, administration, & engineering expenses	0	0
Amortization of intangibles	0	0
Restructuring	0	0
Operating profit	0	0
Interest expense, net of interest income	0	0
Equity earnings	0	0
Other income (expense), net	0	0
Income (loss) before income taxes	0	0
Income tax expense (benefit)	0	0
Income (loss) before equity in income (loss) of subsidiaries	0	0
Equity in net income of subsidiaries	(54,700)	(53,100)
Net income	(54,700)	(53,100)
Net (income) loss attributable to noncontrolling interests	0	0
Net income attributable to Cooper-Standard Holdings Inc.	(54,700)	(53,100)
Comprehensive income	(52,500)	(40,100)
Add: comprehensive (income) loss attributable to noncontrolling interests	0	0
Comprehensive income attributable to Cooper-Standard Holdings Inc.	$ (52,500)	$ (40,100)

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Inventories (Tables)

3 Months Ended

Mar. 31, 2014

Inventory Disclosure [Abstract]

Summary of Inventories

Inventories were comprised of the following at December 31, 2013 and March 31, 2014:

	December 31, 2013		March 31, 2014
Finished goods	$	48,787	$	48,059
Work in process	38,929		43,914
Raw materials and supplies	92,050		96,616
	$	179,766	$	188,589

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Net Income Per Share Attributable to Cooper-Standard Holdings Inc -Common stock equivalents (Detail) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
7% Preferred dividends, undistributed earnings and premium allocated to participating securities that would be added back in the diluted calculation	$ 0	$ 5,401
Stock Option [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	479,211	471,898
Stock Option [Member] | Minimum [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price	$ 25.52	$ 43.5
Stock Option [Member] | Maximum [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price	$ 66.23	$ 52.50
Restricted Stock [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	70,420	0
Convertible Preferred Stock [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	0	4,045,852

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Debt - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified		3 Months Ended										0 Months Ended
	Mar. 31, 2014	Mar. 31, 2014 Senior PIK Toggle Notes [Member]	May 20, 2013 Senior PIK Toggle Notes [Member]	Apr. 03, 2013 Senior PIK Toggle Notes [Member]	Mar. 31, 2014 Senior Notes [Member]	Dec. 31, 2013 Senior Notes [Member]	May 27, 2010 Senior Notes [Member]	Mar. 31, 2014 Senior Abl Facility [Member]	Apr. 08, 2013 Senior Abl Facility [Member]	Apr. 03, 2014 Subsequent Event [Member] Senior PIK Toggle Notes [Member]	Apr. 03, 2014 Subsequent Event [Member] Senior Notes [Member]	Apr. 04, 2014 Subsequent Event [Member] Medium-term Notes [Member]	Apr. 04, 2014 Subsequent Event [Member] Amended Senior ABL Facility [Member]
Credit Facilities [Line Items]
Aggregate revolving loan availability								$ 150,000	$ 150,000				$ 150,000
Letter of credit sub-facility									50,000				60,000
Swing line sub-facility									25,000				25,000
Uncommitted incremental loan facility									75,000				105,000
Total Senior ABL Facility									225,000				255,000
Letters of credit outstanding								37,023
Senior unsecured notes principal amount	450,000		25,000	175,000	450,000	450,000
Senior secured PIK Toggle note maturity date		Apr. 01, 2018
Discount on Senior PIK Toggle Notes			188	3,938
Senior PIK Toggle Notes tendered										198,000
Senior Notes tendered											220,328
Interest rate accrue	8.50%	7.375%			8.50%
Percentage tendered										99.00%	48.96%
Redemption price										102.40%	104.60%
Aggregate principal amount							450,000					750,000
Consolidated First Lien Debt Ratio												2.25 to 1.00
Term loan accordion feature												$ 300,000

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Restructuring - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Restructuring Cost and Reserve [Line Items]
Aggregate expense incurred related to restructuring		$ 1,621
Estimated restructuring cost for initiative	0
Restructuring	3,089	4,760
Korea Facility [Member]
Restructuring Cost and Reserve [Line Items]
Aggregate expense incurred related to restructuring	750
Restructuring	128
Liability related to restructuring activities	16
Europe Facilities [Member]
Restructuring Cost and Reserve [Line Items]
Aggregate expense incurred related to restructuring	16,459
Estimated restructuring cost for initiative	21,100
Completion period of initiative	2016
Europe Facilities 2014 [Member]
Restructuring Cost and Reserve [Line Items]
Estimated restructuring cost for initiative	1,400
Restructuring	158
Liability related to restructuring activities	$ 0
Completion period of initiative	2014

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Other Income (Expense), Net - Details of Components of Other Income Expense, Net (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Other Income and Expenses [Abstract]
Foreign currency gains	$ 532	$ 260
Unrealized losses related to forward contracts	(38)	(188)
Loss on sale of receivables	(464)	(373)
Miscellaneous expense	0	(31)
Other income (expense), net	$ 30	$ (332)

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Financial Instruments - Fair Value Hierarchy Level for Company's Liabilities Measured (Detail) (Level 2 [Member], USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Level 2 [Member]
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	$ 217	$ 36
Foreign Currency Contracts, Liability, Fair Value Disclosure	$ (83)	$ (1)

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Accumulated Other Comprehensive Income , Equity and Redeemable Noncontrolling Interests - Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Fair value change of derivatives
Fair value change of derivatives, Income before income taxes	$ (7)	$ 10
Fair value change of derivatives, Income tax expense	2	(3)
Fair value change of derivatives, Consolidated net income	(5)	7
Amortization of defined benefit and other postretirement benefit plans
Amortization of defined benefit and other postretirement benefit plans, Prior service credits	82	159
Amortization of defined benefit and other postretirement benefit plans, Actuarial losses	224	(472)
Amortization of defined benefit and other postretirement benefit plans, Income before income taxes	306	(313)
Amortization of defined benefit and other postretirement benefit plans, Income tax expense	(140)	97
Amortization of defined benefit and other postretirement benefit plans, Consolidated net income	166	(216)
Total reclassifications for the period	161	(209)
Interest expense, net of interest income [Member] | Interest rate contract [Member]
Fair value change of derivatives
Fair value change of derivatives, Income before income taxes	0	(40)
Cost of products sold [Member] | Foreign exchange contract [Member]
Fair value change of derivatives
Fair value change of derivatives, Income before income taxes	$ (7)	$ 50

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Inventories

3 Months Ended

Mar. 31, 2014

Inventory Disclosure [Abstract]

Inventories

4. Inventories

Inventories were comprised of the following at December 31, 2013 and March 31, 2014:

	December 31, 2013		March 31, 2014
Finished goods	$	48,787	$	48,059
Work in process	38,929		43,914
Raw materials and supplies	92,050		96,616
	$	179,766	$	188,589

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Accounts Receivable Factoring - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Receivables [Abstract]
Amount outstanding under accounts receivable transfer agreements without recourse	$ 120,366	$ 89,015
Total amount of accounts receivable factored without recourse	139,130	113,402
Costs incurred on sale of receivables	798	645
Amount outstanding under accounts receivable transfer agreements with recourse	9,500	15,197
Secured debt maturity period	1 year
Total amount of accounts receivable factored with recourse	15,695	22,712
Costs incurred on sale of receivables	$ 92	$ 84

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Pension and Postretirement Benefits other than Pensions - Net Periodic Benefit Cost of Defined Benefit Plans and Other Postretirement Benefit Plans (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
U.S. Pension Benefits [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Service cost	$ 213	$ 305
Interest cost	3,370	3,052
Expected return on plan assets	(4,764)	(4,342)
Amortization of prior service cost (credit) and recognized actuarial loss (gain)	16	344
Net periodic benefit cost (gain)	(1,165)	(641)
Non-U.S. Pension Benefits [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Service cost	861	888
Interest cost	1,802	1,710
Expected return on plan assets	(958)	(949)
Amortization of prior service cost (credit) and recognized actuarial loss (gain)	231	330
Net periodic benefit cost (gain)	1,936	1,979
U.S. Other Postretirement Benefits [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Service cost	106	147
Interest cost	397	407
Amortization of prior service cost (credit) and recognized actuarial loss (gain)	(481)	(281)
Other	6	6
Net periodic benefit cost (gain)	28	279
Non-U.S. Other Postretirement Benefits [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Service cost	136	168
Interest cost	188	188
Amortization of prior service cost (credit) and recognized actuarial loss (gain)	(71)	(36)
Other	0	0
Net periodic benefit cost (gain)	$ 253	$ 320

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Net Income Per Share Attributable to Cooper-Standard Holdings Inc. (Tables)

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Basic and diluted net income per share attributable

A summary of information used to compute basic and diluted net income per share attributable to Cooper-Standard Holdings Inc. is shown below:

	Three Months Ended March 31,
	2013			2014
Net income attributable to Cooper-Standard Holdings Inc.	$	20,701		$	19,735
Less: 7% Preferred stock dividends (paid or unpaid)	(1,677		)	—
Less: Undistributed earnings allocated to participating securities	(3,724		)	—
Net income available to Cooper-Standard Holdings Inc. common stockholders	$	15,300		$	19,735
Basic weighted average shares of common stock outstanding	16,621,120			16,656,600
Dilutive effect of:
Restricted common stock	252,817			151,772
Restricted 7% preferred stock	32,315			—
Warrants	693,043			1,038,338
Options	112,083			73,561
Diluted weighted average shares of common stock outstanding	17,711,378			17,920,271
Basic net income per share attributable to Cooper-Standard Holdings Inc.	$	0.92		$	1.18
Diluted net income per share attributable to Cooper-Standard Holdings Inc.	$	0.86		$	1.10

Summary of common stock equivalents excluded from the computation of weighted average diluted shares outstanding

A summary of common stock equivalents excluded from the computation of weighted average diluted shares outstanding is shown below:

	Three Months Ended March 31,
	2013		2014
Number of options	471,898		479,211
Exercise price	$43.50-52.50		$25.52-66.23
Restricted common stock	—		70,420
7% Preferred stock, as if converted	4,045,852		—
7% Preferred stock dividends, undistributed earnings and premium allocated to participating securities that would be added back in the diluted calculation	$	5,401	$	—

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Accumulated Other Comprehensive Income , Equity and Redeemable Noncontrolling Interests (Tables)

3 Months Ended

Mar. 31, 2014

Equity [Abstract]

Changes in Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component for the three months ended March 31, 2013 and 2014, net of related tax, are as follows:

	Three Months Ended March 31, 2013
	Cumulative currency translation adjustment			Benefit plan liability			Unrealized gains on investment securities		Fair value change of derivatives			Accumulated other comprehensive loss
Balance at January 1, 2013	$	18,320		$	(64,018	)	$	—	$	250		$	(45,448	)
Other comprehensive income (loss) before reclassifications	(9,292		)	792			—		491			(8,009		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			216			—		(7		)	209
Net current period other comprehensive income (loss)(1)	(9,292		)	1,008			—		484			(7,800		)
Balance at March 31, 2013	$	9,028		$	(63,010	)	$	—	$	734		$	(53,248	)
Amounts in parentheses indicate debits.

(1) Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of $98. Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $(87).

	Three Months Ended March 31, 2014
	Cumulative currency translation adjustment			Benefit plan liability			Unrealized gains on investment securities		Fair value change of derivatives		Accumulated other comprehensive loss
Balance at January 1, 2014	$	5,712		$	(33,406	)	$	—	$	—	$	(27,694	)
Other comprehensive income (loss) before reclassifications	(2,020		)	159			1,146		73		(642		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			(166		)	—		5		(161		)
Net current period other comprehensive income (loss)(1)	(2,020		)	(7		)	1,146		78		(803		)
Balance at March 31, 2014	$	3,692		$	(33,413	)	$	1,146	$	78	$	(28,497	)
Amounts in parentheses indicate debits.

(1) Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of $(74). Other comprehensive income (loss) related to the unrealized gains on investment securities is net of a tax effect of $(703). Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $(59).

Reclassifications out of accumulated other comprehensive income (loss)

The reclassifications out of accumulated other comprehensive income (loss) for the three months ended March 31, 2013 and 2014 are as follows:

	Gain (loss) reclassified
	Three Months Ended March 31,
Details about accumulated other comprehensive loss components	2013			2014			Location of gain (loss) reclassified into income
Fair value change of derivatives
Interest rate contracts	$	(40	)	$	—		Interest expense, net of interest income
Foreign exchange contracts	50			(7		)	Cost of products sold
	10			(7		)	Income before income taxes
	(3		)	2			Income tax expense
	$	7		$	(5	)	Consolidated net income
Amortization of defined benefit and other postretirement benefit plans
Prior service credits	$	159		$	82		(1)
Actuarial losses	(472		)	224			(1)
	(313		)	306			Income before income taxes
	97			(140		)	Income tax expense
	$	(216	)	$	166		Consolidated net income
Total reclassifications for the period	$	(209	)	$	161

(1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost. (See Note 6. “Pension and Postretirement Benefits other than Pensions” for additional details.)

Summary of equity and redeemable noncontrolling interest activity

The following table summarizes the Company’s equity and redeemable noncontrolling interest activity for the three months ended March 31, 2014:

	Cooper-Standard Holdings Inc.			Noncontrolling Interests			Total Equity			Redeemable Noncontrolling Interest
Equity at January 1, 2014	$	618,150		$	(2,578	)	$	615,572		$	5,153
Net income	19,735			1,621			21,356			1
Warrant exercise	4,571			—			4,571			—
Other comprehensive income (loss)	(803		)	10			(793		)	166
Stock-based compensation	3,631			—			3,631			—
Shares issued under stock option plans	(454		)	—			(454		)	—
Equity at March 31, 2014	$	644,830		$	(947	)	$	643,883		$	5,320

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Guarantor and Non-Guarantor Subsidiaries - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	May 27, 2010
Proforma Debt Instrument [Line Items]
Senior notes stated percentage	8.50%
Senior Notes [Member]
Proforma Debt Instrument [Line Items]
Senior Notes, principal amount		$ 450,000
Senior notes stated percentage	8.50%
Senior notes maturity	2018

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Income Taxes - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Income Tax Disclosure [Abstract]
Effective tax rate	36.00%	28.00%

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Other Income (Expense), Net (Tables)

3 Months Ended

Mar. 31, 2014

Other Income and Expenses [Abstract]

Details of Components of Other Income Expense, Net

The components of other income (expense), net are as follows:

	Three Months Ended March 31,
	2013			2014
Foreign currency gains	$	260		$	532
Unrealized losses related to forward contracts	(188		)	(38		)
Loss on sale of receivables	(373		)	(464		)
Miscellaneous expense	(31		)	—
Other income (expense), net	$	(332	)	$	30

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Business Segments (Tables)

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Information on Company's Business Segments

The following tables detail information on the Company’s business segments:

	Three Months Ended March 31,
	2013			2014
Sales to external customers
North America	$	382,808		$	432,605
Europe	264,487			308,161
South America	45,402			39,766
Asia Pacific	54,860			57,074
Consolidated	$	747,557		$	837,606
Intersegment sales
North America	$	3,734		$	3,359
Europe	1,847			2,227
South America	—			—
Asia Pacific	2,105			1,847
Eliminations and other	(7,686		)	(7,433		)
Consolidated	$	—		$	—
Segment profit (loss)
North America	$	33,806		$	38,460
Europe	(6,053		)	(3,182		)
South America	(3,381		)	(2,507		)
Asia Pacific	3,392			650
Income before income taxes	$	27,764		$	33,421
Restructuring cost included in segment profit (loss)
North America	$	1,784		$	98
Europe	2,970			2,863
South America	—			—
Asia Pacific	6			128
Consolidated	$	4,760		$	3,089

	December 31, 2013		March 31, 2014
Segment assets
North America	$	866,847	$	926,044
Europe	680,920		705,154
South America	138,469		144,275
Asia Pacific	243,736		245,378
Eliminations and other	172,782		127,062
Consolidated	$	2,102,754	$	2,147,913

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Restructuring

3 Months Ended

Mar. 31, 2014

Restructuring and Related Activities [Abstract]

Restructuring

3. Restructuring

Restructuring activities initiated prior to 2013

The Company implemented several restructuring initiatives in prior years including the closure or consolidation of facilities throughout the world, the establishment of a centralized shared services function in Europe and the reorganization of the Company’s operating structure. The Company commenced these initiatives prior to January 1, 2013 and continued to execute these initiatives during 2014. The majority of the costs associated with these initiatives were incurred shortly after the original implementation. However, the Company continues to incur costs on some of the initiatives related principally to the disposal of the respective facilities.

The following table summarizes the restructuring expense for these initiatives for the three months ended March 31, 2013 and 2014:

	Three Months Ended March 31,
	2013		2014
Employee separation costs	$	2,149	$	242
Other exit costs	903		288
Asset Impairments	87		—
	$	3,139	$	530

The following table summarizes the activity in the restructuring liability for these initiatives for the three months ended March 31, 2014:

	Employee Separation Costs			Other Exit Costs			Asset Impairments		Total
Balance at January 1, 2014	$	819		$	16		$	—	$	835
Expense	242			288			—		530
Cash payments and foreign exchange translation	(283		)	(289		)	—		(572		)
Balance at March 31, 2014	$	778		$	15		$	—	$	793

Restructuring activities initiated in 2013

In the first quarter of 2013, the Company eliminated certain positions within the organization that resulted in restructuring expense of $1,621, all of which is paid. No additional expense is expected to be incurred related to this initiative.

In the third quarter of 2013, the Company initiated the closure of a facility in Korea and the transfer of equipment to another facility in Korea. The Company has recognized $750 of costs related to this initiative and, as of March 31, 2014, this initiative was substantially completed. For the three months ended March 31, 2014, the Company recorded $128 of other exit costs related to this initiative. As of March 31, 2014, the liability associated with this initiative is $16.

In the fourth quarter of 2013, the Company initiated the restructure of a facility in Europe. The estimated cost of this initiative is $21,100 and is expected to be completed in 2016. The Company has recognized $16,459 of costs related to this initiative. The following table summarizes the activity in the restructuring liability for this initiative for the three months ended March 31, 2014:

	Employee Separation Costs			Other Exit Costs			Asset Impairments		Total
Balance at January 1, 2014	$	13,501		$	—		$	—	$	13,501
Expense	—			2,273			—		2,273
Cash payments and foreign exchange translation	(7		)	(2,273		)	—		(2,280		)
Balance at March 31, 2014	$	13,494		$	—		$	—	$	13,494

Restructuring activities initiated in 2014

In the first quarter of 2014, the Company initiated the restructure of a facility in Europe. The estimated cost of this initiative is $1,400 and is expected to be completed in 2014. For the three months ended March 31, 2014, the Company recorded $158 of other exit costs related to this initiative. As of March 31, 2014, there was no liability associated with this initiative.

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Guarantor and Non-Guarantor Subsidiaries (Tables)

3 Months Ended

Mar. 31, 2014

Guarantor Condensed Financial Statements [Abstract]

Condensed Consolidating Statement of Comprehensive Income

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

For the Three Months Ended March 31, 2013

	Parent		Issuer			Guarantors		Non-Guarantors			Eliminations			Consolidated Totals
	(dollar amounts in millions)
Sales	$	—	$	145.2		$	165.7	$	486.3		$	(49.6	)	$	747.6
Cost of products sold	—		120.5			133.2		423.2			(49.6		)	627.3
Selling, administration, & engineering expenses	—		34.8			3.1		37.2			—			75.1
Amortization of intangibles	—		2.9			—		1.0			—			3.9
Restructuring	—		1.6			0.1		3.0			—			4.7
Operating profit (loss)	—		(14.6		)	29.3		21.9			—			36.6
Interest expense, net of interest income	—		(8.3		)	—		(2.9		)	—			(11.2		)
Equity earnings	—		1.0			0.9		0.8			—			2.7
Other income (expense), net	—		7.5			0.1		(7.9		)	—			(0.3		)
Income (loss) before income taxes	—		(14.4		)	30.3		11.9			—			27.8
Income tax expense (benefit)	—		(2.7		)	5.5		5.1			—			7.9
Income (loss) before equity in income of subsidiaries	—		(11.7		)	24.8		6.8			—			19.9
Equity in net income of subsidiaries	20.7		32.4			—		—			(53.1		)	—
Net income	20.7		20.7			24.8		6.8			(53.1		)	19.9
Net loss attributable to noncontrolling interests	—		—			—		0.8			—			0.8
Net income attributable to Cooper-Standard Holdings Inc.	$	20.7	$	20.7		$	24.8	$	7.6		$	(53.1	)	$	20.7
Comprehensive income	$	12.9	$	12.9		$	24.8	$	1.4		$	(40.1	)	$	11.9
Add: Comprehensive loss attributable to noncontrolling interests	—		—			—		1.0			—			1.0
Comprehensive income attributable to Cooper-Standard Holdings Inc.	$	12.9	$	12.9		$	24.8	$	2.4		$	(40.1	)	$	12.9

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

For the Three Months Ended March 31, 2014

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated Totals
	(dollar amounts in millions)
Sales	$	—		$	155.3		$	175.1		$	557.5		$	(50.3	)	$	837.6
Cost of products sold	—			133.3			137.8			482.5			(50.3		)	703.3
Selling, administration, & engineering expenses	—			36.8			(0.2		)	43.0			—			79.6
Amortization of intangibles	—			2.9			—			1.5			—			4.4
Restructuring	—			—			0.1			3.0			—			3.1
Operating profit (loss)	—			(17.7		)	37.4			27.5			—			47.2
Interest expense, net of interest income	(4.0		)	(7.2		)	—			(3.8		)	—			(15.0		)
Equity earnings	—			0.3			—			0.9			—			1.2
Other income (expense), net	—			6.9			0.1			(7.0		)	—			—
Income (loss) before income taxes	(4.0		)	(17.7		)	37.5			17.6			—			33.4
Income tax expense (benefit)	(1.7		)	(7.0		)	15.8			5.0			—			12.1
Income (loss) before equity in income of subsidiaries	(2.3		)	(10.7		)	21.7			12.6			—			21.3
Equity in net income of subsidiaries	22.0			32.7			—			—			(54.7		)	—
Net income	19.7			22.0			21.7			12.6			(54.7		)	21.3
Net income attributable to noncontrolling interest	—			—			—			(1.6		)	—			(1.6		)
Net income attributable to Cooper-Standard Holdings Inc.	$	19.7		$	22.0		$	21.7		$	11.0		$	(54.7	)	$	19.7
Comprehensive income	$	18.9		$	21.2		$	21.7		$	11.4		$	(52.5	)	$	20.7
Less: Comprehensive income attributable to noncontrolling interests	—			—			—			(1.8		)	—			(1.8		)
Comprehensive income attributable to Cooper-Standard Holdings Inc.	$	18.9		$	21.2		$	21.7		$	9.6		$	(52.5	)	$	18.9

Condensed Consolidating Balance Sheet

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2013

	Parent		Issuer		Guarantors			Non-Guarantors			Eliminations			Consolidated Totals
	(dollar amounts in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	13.1	$	83.0	$	—		$	88.3		$	—		$	184.4
Accounts receivable, net	—		55.5		70.9			239.4			—			365.8
Tooling receivable	—		27.1		15.7			113.4			—			156.2
Inventories	—		24.6		32.3			122.9			—			179.8
Prepaid expenses	—		6.2		0.6			20.1			—			26.9
Other	—		26.4		0.7			55.2			—			82.3
Total current assets	13.1		222.8		120.2			639.3			—			995.4
Investments in affiliates and intercompany accounts, net	800.5		231.8		1,191.6			(110.2		)	(2,047.2		)	66.5
Property, plant, and equipment, net	—		103.6		58.6			570.7			—			732.9
Goodwill	—		111.1		—			28.6			—			139.7
Other assets	4.8		150.1		(40.8		)	54.2			—			168.3
	$	818.4	$	819.4	$	1,329.6		$	1,182.6		$	(2,047.2	)	$	2,102.8
LIABILITIES & EQUITY
Current liabilities:
Debt payable within one year	$	—	$	—	$	—		$	28.3		$	—		$	28.3
Accounts payable	—		53.8		54.6			247.0			—			355.4
Accrued liabilities	3.7		40.8		3.7			138.3			—			186.5
Total current liabilities	3.7		94.6		58.3			413.6			—			570.2
Long-term debt	196.5		450.0		—			9.6			—			656.1
Other liabilities	—		115.3		(0.1		)	140.5			—			255.7
Total liabilities	200.2		659.9		58.2			563.7			—			1,482.0
Redeemable noncontrolling interests	—		—		—			5.2			—			5.2
Total Cooper-Standard Holdings Inc. equity	618.2		159.5		1,271.4			616.3			(2,047.2		)	618.2
Noncontrolling interests	—		—		—			(2.6		)	—			(2.6		)
Total equity	618.2		159.5		1,271.4			613.7			(2,047.2		)	615.6
Total liabilities and equity	$	818.4	$	819.4	$	1,329.6		$	1,182.6		$	(2,047.2	)	$	2,102.8

CONDENSED CONSOLIDATING BALANCE SHEET

March 31, 2014

	Parent		Issuer		Guarantors			Non-Guarantors			Eliminations			Consolidated Totals
	(dollar amounts in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	13.1	$	56.3	$	—		$	68.6		$	—		$	138.0
Accounts receivable, net	—		77.1		88.2			273.8			—			439.1
Tooling receivable	—		22.9		18.9			105.7			—			147.5
Inventories	—		24.2		32.5			131.9			—			188.6
Prepaid expenses	—		5.6		0.6			19.9			—			26.1
Other	—		27.0		0.6			57.6			—			85.2
Total current assets	13.1		213.1		140.8			657.5			—			1,024.5
Investments in affiliates and intercompany accounts, net	829.4		237.4		1,200.8			(126.5		)	(2,076.0		)	65.1
Property, plant, and equipment, net	—		105.5		59.3			592.5			—			757.3
Goodwill	—		111.1		—			28.2			—			139.3
Other assets	6.4		155.2		(56.7		)	56.8			—			161.7
	$	848.9	$	822.3	$	1,344.2		$	1,208.5		$	(2,076.0	)	$	2,147.9
LIABILITIES & EQUITY
Current liabilities:
Debt payable within one year	$	—	$	0.5	$	—		$	31.4		$	—		$	31.9
Accounts payable	—		46.7		47.7			232.5			—			326.9
Accrued liabilities	7.4		56.2		3.5			154.6			—			221.7
Total current liabilities	7.4		103.4		51.2			418.5			—			580.5
Long-term debt	196.7		450.0		—			14.6			—			661.3
Other liabilities	—		111.8		(0.1		)	145.2			—			256.9
Total liabilities	204.1		665.2		51.1			578.3			—			1,498.7
Redeemable noncontrolling interests	—		—		—			5.3			—			5.3
Total Cooper-Standard Holdings Inc. equity	644.8		157.1		1,293.1			625.8			(2,076.0		)	644.8
Noncontrolling interests	—		—		—			(0.9		)	—			(0.9		)
Total equity	644.8		157.1		1,293.1			624.9			(2,076.0		)	643.9
Total liabilities and equity	$	848.9	$	822.3	$	1,344.2		$	1,208.5		$	(2,076.0	)	$	2,147.9

Condensed Consolidating Statement of Cash Flows

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 31, 2013

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations		Consolidated Totals
	(dollar amounts in millions)
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	$	1.7		$	(4.4	)	$	(2.4	)	$	(8.2	)	$	—	$	(13.3	)
INVESTING ACTIVITIES
Capital expenditures	—			(6.4		)	(4.1		)	(23.8		)	—		(34.3		)
Return on equity investments	—			—			2.1			—			—		2.1
Proceeds from the sale of fixed assets	—			—			—			0.2			—		0.2
Net cash used in investing activities	—			(6.4		)	(2.0		)	(23.6		)	—		(32.0		)
FINANCING ACTIVITIES
Increase in short-term debt	—			—			—			4.9			—		4.9
Principal payments on long-term debt	—			—			—			(1.8		)	—		(1.8		)
Purchase of noncontrolling interest	—			—			—			(1.9		)	—		(1.9		)
Repurchase of common stock	—			(11.1		)	—			—			—		(11.1		)
Other	(1.7		)	(2.8		)	—			2.9			—		(1.6		)
Net cash provided by (used in) financing activities	(1.7		)	(13.9		)	—			4.1			—		(11.5		)
Effects of exchange rate changes on cash and cash equivalents	—			—			—			2.9			—		2.9
Changes in cash and cash equivalents	—			(24.7		)	(4.4		)	(24.8		)	—		(53.9		)
Cash and cash equivalents at beginning of period	—			177.5			4.4			88.7			—		270.6
Cash and cash equivalents at end of period	$	—		$	152.8		$	—		$	63.9		$	—	$	216.7
Depreciation and amortization	$	—		$	7.1		$	3.4		$	19.3		$	—	$	29.8

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 31, 2014

	Parent		Issuer			Guarantors			Non-Guarantors			Eliminations		Consolidated Totals
	(dollar amounts in millions)
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	$	—	$	(18.4	)	$	3.0		$	19.3		$	—	$	3.9
INVESTING ACTIVITIES
Capital expenditures	—		(10.8		)	(4.0		)	(49.0		)	—		(63.8		)
Return on equity investments	—		—			1.0			—			—		1.0
Proceeds from the sale of fixed assets and other	—		(0.1		)	—			2.2			—		2.1
Net cash used in investing activities	—		(10.9		)	(3.0		)	(46.8		)	—		(60.7		)
FINANCING ACTIVITIES
Increase in short-term debt, net	—		—			—			2.3			—		2.3
Borrowings on long-term debt	—		—			—			4.4			—		4.4
Principal payments on long-term debt	—		—			—			(0.1		)	—		(0.1		)
Debt issuance costs	—		(0.7		)	—			—			—		(0.7		)
Proceeds from exercise of warrants	—		4.6			—			—			—		4.6
Other	—		(1.3		)	—			0.3			—		(1.0		)
Net cash provided by financing activities	—		2.6			—			6.9			—		9.5
Effects of exchange rate changes on cash and cash equivalents	—		—			—			0.9			—		0.9
Changes in cash and cash equivalents	—		(26.7		)	—			(19.7		)	—		(46.4		)
Cash and cash equivalents at beginning of period	13.1		83.0			—			88.3			—		184.4
Cash and cash equivalents at end of period	$	13.1	$	56.3		$	—		$	68.6		$	—	$	138.0
Depreciation and amortization	$	—	$	7.0		$	2.8		$	18.5		$	—	$	28.3

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Inventories - Summary of Inventories (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Inventory Disclosure [Abstract]
Finished goods	$ 48,059	$ 48,787
Work in process	43,914	38,929
Raw materials and supplies	96,616	92,050
Inventories	$ 188,589	$ 179,766

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Related Party Transactions - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Related Party Transaction Due From To Related Party [Line Items]
Dividend related to return on Capital on investment made	$ 951,000	$ 2,120,000
Nisco [Member]
Related Party Transaction Due From To Related Party [Line Items]
Joint Venture percentage	40.00%	40.00%
Sales to related party	10,850,000	11,570,000
Dividend received	1,760,000	4,000,000
Dividend related to earnings	809,000	1,880,000
Dividend related to return on Capital on investment made	951,000	2,120,000
Guyoung [Member]
Related Party Transaction Due From To Related Party [Line Items]
Joint Venture percentage	17.00%	20.00%
Dividend received	224,000
Dividend related to earnings	224
Total Purchases of materials	441,000	690,000
Unrealized gain on investment	1,849,000
Amortized cost of the investment	1,299,000
Fair value of investment	$ 3,148,000

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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Income Statement [Abstract]
Sales	$ 837,606	$ 747,577
Cost of products sold	703,347	627,264
Gross profit	134,259	120,313
Selling, administration & engineering expenses	79,571	75,094
Amortization of intangibles	4,436	3,891
Restructuring	3,089	4,760
Operating profit	47,163	36,568
Interest expense, net of interest income	(15,008)	(11,207)
Equity earnings	1,236	2,735
Other income (expense), net	30	(332)
Income before income taxes	33,421	27,764
Income tax expense (benefit)	12,064	7,891
Net income	21,357	19,873
Net (income) loss attributable to noncontrolling interests	(1,622)	828
Net income attributable to Cooper-Standard Holdings Inc.	19,735	20,701
Net income available to Cooper-Standard Holdings Inc. common stockholders	19,735	15,300
Earnings per share
Basic	$ 1.18	$ 0.92
Diluted	$ 1.10	$ 0.86
Comprehensive income attributable to Cooper-Standard Holdings Inc.
Comprehensive income	20,730	11,943
Comprehensive (income) loss attributable to noncontrolling interests	(1,798)	958
Comprehensive income attributable to Cooper-Standard Holdings Inc.	$ 18,932	$ 12,901

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Accumulated Other Comprehensive Income , Equity and Redeemable Noncontrolling Interests - Changes in Accumulated Other Comprehensive Income (Loss) (Detail) (USD $) In Thousands, unless otherwise specified			3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014 Cumulative currency translation adjustment [Member]	Mar. 31, 2013 Cumulative currency translation adjustment [Member]	Mar. 31, 2014 Benefit plan liability [Member]	Mar. 31, 2013 Benefit plan liability [Member]	Mar. 31, 2014 Unrealized gains on investment securities [Member]	Mar. 31, 2013 Unrealized gains on investment securities [Member]	Mar. 31, 2014 Fair value change of derivatives [Member]	Mar. 31, 2013 Fair value change of derivatives [Member]	Mar. 31, 2014 Accumulated other comprehensive loss [Member]	Mar. 31, 2013 Accumulated other comprehensive loss [Member]
Accumulated Other Comprehensive Income Loss Net Of Tax [Line Items]
Beginning Balance	$ (28,497)	$ (27,694)	$ 5,712	$ 18,320	$ (33,406)	$ (64,018)	$ 0	$ 0	$ 0	$ 250	$ (27,694)	$ (45,448)
Other comprehensive income (loss) before reclassifications			(2,020)	(9,292)	159	792	1,146	0	73	491	(642)	(8,009)
Amounts reclassified from accumulated other comprehensive income (loss)			0	0	(166)	216	0	0	5	(7)	(161)	209
Net current period other comprehensive income (loss)			(2,020)	(9,292)	(7)	1,008	1,146	0	78	484	(803)	(7,800)
Ending Balance	$ (28,497)	$ (27,694)	$ 3,692	$ 9,028	$ (33,413)	$ (63,010)	$ 1,146	$ 0	$ 78	$ 734	$ (28,497)	$ (53,248)

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Overview

3 Months Ended

Mar. 31, 2014

Accounting Policies [Abstract]

Overview

1. Overview

Basis of presentation

Cooper-Standard Holdings Inc. (together with its consolidated subsidiaries, the “Company,” “Cooper-Standard,” “we,” “our,” or “us”) is a leading manufacturer of sealing and trim, fuel and brake delivery, fluid transfer, thermal and emissions and anti-vibration systems (“AVS”) components, systems, subsystems, and modules. The Company’s products are primarily for use in passenger vehicles and light trucks that are manufactured by global automotive original equipment manufacturers (“OEMs”) and replacement markets. The Company conducts substantially all of its activities through its subsidiaries.

The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information and should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013 (the "2013 Annual Report"), as filed with the SEC. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. These financial statements include all adjustments (consisting of normal, recurring adjustments) considered necessary for a fair presentation of the financial position and results of operations of the Company. Certain prior period amounts have been reclassified to conform to the current period financial statement presentation. The operating results for the interim period ended March 31, 2014 are not necessarily indicative of results for the full year. In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through the date the financial statements were issued.

Recent accounting pronouncements

In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. This ASU changes the criteria for reporting discontinued operations and requires expanded disclosures about discontinued operations. The guidance is effective for fiscal years beginning on or after December 15, 2014 and should be applied prospectively. Early adoption is permitted. The adoption of this ASU is not expected to have a material impact on the condensed consolidated financial statements.

In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. This ASU requires that a liability related to an unrecognized tax benefit be offset against a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward if certain criteria are met. The Company adopted this guidance effective January 1, 2014. The adoption of this ASU did not have a material impact on the condensed consolidated financial statements.

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Guarantor and Non-Guarantor Subsidiaries - Condensed Consolidating Statement of Cash Flows (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	$ 3,871	$ (13,301)
INVESTING ACTIVITIES
Capital expenditures	(63,817)	(34,269)
Return on equity investments	951	2,120
Proceeds from the sale of fixed assets and other	2,125	218
Net cash used in investing activities	(60,741)	(31,931)
FINANCING ACTIVITIES
Increase in short term debt, net	2,289	4,897
Borrowings on long-term debt	4,435	0
Principal payments on long-term debt	(121)	(1,763)
Purchase of noncontrolling interest	0	(1,911)
Repurchase of preferred and common stock		(11,098)
Debt issuance costs	(671)	0
Proceeds from exercise of warrants	4,571	0
Other financing activities	(927)	(1,600)
Net cash provided by (used in) financing activities	9,576	(11,534)
Effects of exchange rate changes on cash and cash equivalents	969	2,924
Changes in cash and cash equivalents	(46,325)	(53,842)
Cash and cash equivalents at beginning of period	184,370	270,555
Cash and cash equivalents at end of period	138,045	216,713
Depreciation and amortization	28,300	29,800
Parent [Member]
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	0	1,700
INVESTING ACTIVITIES
Capital expenditures	0	0
Return on equity investments	0	0
Proceeds from the sale of fixed assets and other	0	0
Net cash used in investing activities	0	0
FINANCING ACTIVITIES
Increase in short term debt, net	0	0
Borrowings on long-term debt	0
Principal payments on long-term debt	0	0
Purchase of noncontrolling interest		0
Repurchase of preferred and common stock		0
Debt issuance costs	0
Proceeds from exercise of warrants	0
Other financing activities	0	(1,700)
Net cash provided by (used in) financing activities	0	(1,700)
Effects of exchange rate changes on cash and cash equivalents	0	0
Changes in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	13,100	0
Cash and cash equivalents at end of period	13,100	0
Depreciation and amortization	0	0
Issuer [Member]
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	(18,400)	(4,400)
INVESTING ACTIVITIES
Capital expenditures	(10,800)	(6,400)
Return on equity investments	0	0
Proceeds from the sale of fixed assets and other	(100)	0
Net cash used in investing activities	(10,900)	(6,400)
FINANCING ACTIVITIES
Increase in short term debt, net	0	0
Borrowings on long-term debt	0
Principal payments on long-term debt	0	0
Purchase of noncontrolling interest		0
Repurchase of preferred and common stock		(11,100)
Debt issuance costs	(700)
Proceeds from exercise of warrants	4,600
Other financing activities	(1,300)	(2,800)
Net cash provided by (used in) financing activities	2,600	(13,900)
Effects of exchange rate changes on cash and cash equivalents	0	0
Changes in cash and cash equivalents	(26,700)	(24,700)
Cash and cash equivalents at beginning of period	83,000	177,500
Cash and cash equivalents at end of period	56,300	152,800
Depreciation and amortization	7,000	7,100
Guarantors [Member]
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	3,000	(2,400)
INVESTING ACTIVITIES
Capital expenditures	(4,000)	(4,100)
Return on equity investments	1,000	2,100
Proceeds from the sale of fixed assets and other	0	0
Net cash used in investing activities	(3,000)	(2,000)
FINANCING ACTIVITIES
Increase in short term debt, net	0	0
Borrowings on long-term debt	0
Principal payments on long-term debt	0	0
Purchase of noncontrolling interest		0
Repurchase of preferred and common stock		0
Debt issuance costs	0
Proceeds from exercise of warrants	0
Other financing activities	0	0
Net cash provided by (used in) financing activities	0	0
Effects of exchange rate changes on cash and cash equivalents	0	0
Changes in cash and cash equivalents	0	(4,400)
Cash and cash equivalents at beginning of period	0	4,400
Cash and cash equivalents at end of period	0	0
Depreciation and amortization	2,800	3,400
Non-Guarantors [Member]
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	19,300	(8,200)
INVESTING ACTIVITIES
Capital expenditures	(49,000)	(23,800)
Return on equity investments	0	0
Proceeds from the sale of fixed assets and other	2,200	200
Net cash used in investing activities	(46,800)	(23,600)
FINANCING ACTIVITIES
Increase in short term debt, net	2,300	4,900
Borrowings on long-term debt	4,400
Principal payments on long-term debt	(100)	(1,800)
Purchase of noncontrolling interest		(1,900)
Repurchase of preferred and common stock		0
Debt issuance costs	0
Proceeds from exercise of warrants	0
Other financing activities	300	2,900
Net cash provided by (used in) financing activities	6,900	4,100
Effects of exchange rate changes on cash and cash equivalents	900	2,900
Changes in cash and cash equivalents	(19,700)	(24,800)
Cash and cash equivalents at beginning of period	88,300	88,700
Cash and cash equivalents at end of period	68,600	63,900
Depreciation and amortization	18,500	19,300
Eliminations [Member]
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	0	0
INVESTING ACTIVITIES
Capital expenditures	0	0
Return on equity investments	0	0
Proceeds from the sale of fixed assets and other	0	0
Net cash used in investing activities	0	0
FINANCING ACTIVITIES
Increase in short term debt, net	0	0
Borrowings on long-term debt	0
Principal payments on long-term debt	0	0
Purchase of noncontrolling interest		0
Repurchase of preferred and common stock		0
Debt issuance costs	0
Proceeds from exercise of warrants	0
Other financing activities	0	0
Net cash provided by (used in) financing activities	0	0
Effects of exchange rate changes on cash and cash equivalents	0	0
Changes in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of period	0	0
Cash and cash equivalents at end of period	0	0
Depreciation and amortization	$ 0	$ 0

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Goodwill and Intangibles - Carrying Amount of Goodwill by Reportable Operating Segment (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 139,701
Foreign exchange translation	(383)
Goodwill, Ending Balance	139,318
North America [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	119,870
Foreign exchange translation	(236)
Goodwill, Ending Balance	119,634
Europe [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	14,460
Foreign exchange translation	(7)
Goodwill, Ending Balance	14,453
South America [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	0
Foreign exchange translation	0
Goodwill, Ending Balance	0
Asia Pacific [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	5,371
Foreign exchange translation	(140)
Goodwill, Ending Balance	$ 5,231

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Overview (Policies)

3 Months Ended

Mar. 31, 2014

Accounting Policies [Abstract]

Basis of presentation

Basis of presentation

Cooper-Standard Holdings Inc. (together with its consolidated subsidiaries, the “Company,” “Cooper-Standard,” “we,” “our,” or “us”) is a leading manufacturer of sealing and trim, fuel and brake delivery, fluid transfer, thermal and emissions and anti-vibration systems (“AVS”) components, systems, subsystems, and modules. The Company’s products are primarily for use in passenger vehicles and light trucks that are manufactured by global automotive original equipment manufacturers (“OEMs”) and replacement markets. The Company conducts substantially all of its activities through its subsidiaries.

The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information and should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013 (the "2013 Annual Report"), as filed with the SEC. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. These financial statements include all adjustments (consisting of normal, recurring adjustments) considered necessary for a fair presentation of the financial position and results of operations of the Company. Certain prior period amounts have been reclassified to conform to the current period financial statement presentation. The operating results for the interim period ended March 31, 2014 are not necessarily indicative of results for the full year. In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through the date the financial statements were issued.

Recent accounting pronouncements

Recent accounting pronouncements

In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. This ASU changes the criteria for reporting discontinued operations and requires expanded disclosures about discontinued operations. The guidance is effective for fiscal years beginning on or after December 15, 2014 and should be applied prospectively. Early adoption is permitted. The adoption of this ASU is not expected to have a material impact on the condensed consolidated financial statements.

In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. This ASU requires that a liability related to an unrecognized tax benefit be offset against a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carryforward if certain criteria are met. The Company adopted this guidance effective January 1, 2014. The adoption of this ASU did not have a material impact on the condensed consolidated financial statements.

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Goodwill and Intangibles - Intangible Assets and Accumulated Amortization Balances (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 155,925	$ 154,770
Accumulated Amortization	(58,111)	(53,334)
Net Carrying Amount	97,814	101,436
Customer relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	136,430	135,483
Accumulated Amortization	(50,718)	(46,466)
Net Carrying Amount	85,712	89,017
Developed technology [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	9,755	9,757
Accumulated Amortization	(6,207)	(5,817)
Net Carrying Amount	3,548	3,940
Other [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	9,740	9,530
Accumulated Amortization	(1,186)	(1,051)
Net Carrying Amount	$ 8,554	$ 8,479

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Restructuring (Tables)

3 Months Ended

Mar. 31, 2014

Summary of Activity of Restructuring

The following table summarizes the activity in the restructuring liability for these initiatives for the three months ended March 31, 2014:

	Employee Separation Costs			Other Exit Costs			Asset Impairments		Total
Balance at January 1, 2014	$	819		$	16		$	—	$	835
Expense	242			288			—		530
Cash payments and foreign exchange translation	(283		)	(289		)	—		(572		)
Balance at March 31, 2014	$	778		$	15		$	—	$	793

The following table summarizes the activity in the restructuring liability for this initiative for the three months ended March 31, 2014:

	Employee Separation Costs			Other Exit Costs			Asset Impairments		Total
Balance at January 1, 2014	$	13,501		$	—		$	—	$	13,501
Expense	—			2,273			—		2,273
Cash payments and foreign exchange translation	(7		)	(2,273		)	—		(2,280		)
Balance at March 31, 2014	$	13,494		$	—		$	—	$	13,494

Restructuring Charges [Member]

Summary of Activity of Restructuring

The following table summarizes the restructuring expense for these initiatives for the three months ended March 31, 2013 and 2014:

	Three Months Ended March 31,
	2013		2014
Employee separation costs	$	2,149	$	242
Other exit costs	903		288
Asset Impairments	87		—
	$	3,139	$	530

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Goodwill and Intangibles

3 Months Ended

Mar. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangibles

2. Goodwill and Intangibles

The changes in the carrying amount of goodwill by reportable operating segment for the three months ended March 31, 2014 are summarized as follows:

	North America			Europe			South America		Asia Pacific			Total
Balance at January 1, 2014	$	119,870		$	14,460		$	—	$	5,371		$	139,701
Foreign exchange translation	(236		)	(7		)	—		(140		)	(383		)
Balance at March 31, 2014	$	119,634		$	14,453		$	—	$	5,231		$	139,318

Goodwill is not amortized, but is tested for impairment by reporting unit either annually or when events or circumstances indicate that impairment may exist. There were no indicators of potential impairment as of March 31, 2014.

The following table presents intangible assets and accumulated amortization balances of the Company as of December 31, 2013 and March 31, 2014, respectively:

	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	135,483	$	(46,466	)	$	89,017
Developed technology	9,757		(5,817		)	3,940
Other	9,530		(1,051		)	8,479
Balance at December 31, 2013	$	154,770	$	(53,334	)	$	101,436
Customer relationships	$	136,430	$	(50,718	)	$	85,712
Developed technology	9,755		(6,207		)	3,548
Other	9,740		(1,186		)	8,554
Balance at March 31, 2014	$	155,925	$	(58,111	)	$	97,814

Amortization expense totaled $3,891 and $4,436 for the three months ended March 31, 2013 and 2014, respectively. Amortization expense is estimated to be approximately $15,800 for the year ending December 31, 2014.

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 138,045	$ 184,370
Accounts receivable, net	439,142	365,750
Tooling receivable	147,533	156,205
Inventories	188,589	179,766
Prepaid expenses	26,138	26,940
Other	85,095	82,301
Total current assets	1,024,542	995,332
Property, plant and equipment, net	757,258	732,902
Goodwill	139,318	139,701
Intangibles, net	97,814	101,436
Deferred tax assets	27,705	34,235
Other assets	101,276	99,148
Total assets	2,147,913	2,102,754
Current liabilities:
Debt payable within one year	31,853	28,329
Accounts payable	326,862	355,394
Payroll liabilities	116,308	97,146
Accrued liabilities	105,516	89,302
Total current liabilities	580,539	570,171
Long-term debt	661,291	656,095
Pension benefits	148,666	151,113
Postretirement benefits other than pensions	56,225	57,224
Deferred tax liabilities	11,447	11,146
Other liabilities	40,542	36,280
Total liabilities	1,498,710	1,482,029
Redeemable noncontrolling interests	5,320	5,153
7% Cumulative participating convertible preferred stock, $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding	0	0
Equity:
Common stock, $0.001 par value, 190,000,000 shares authorized at December 31, 2013 and March 31, 2014; 18,226,223 shares issued and 16,676,539 outstanding at December 31, 2013 and 18,498,843 shares issued and 16,949,159 outstanding at March 31, 2014	17	17
Additional paid-in capital	496,971	489,052
Retained earnings	176,339	156,775
Accumulated other comprehensive loss	(28,497)	(27,694)
Total Cooper-Standard Holdings Inc. equity	644,830	618,150
Noncontrolling interests	(947)	(2,578)
Total equity	643,883	615,572
Total liabilities and equity	$ 2,147,913	$ 2,102,754

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Related Party Transactions

3 Months Ended

Mar. 31, 2014

Related Party Transactions [Abstract]

Related Party Transactions

12. Related Party Transactions

Sales to Nishikawa Standard Company ("NISCO"), a 40% owned joint venture, totaled $11,570 and $10,850 for the three months ended March 31, 2013 and 2014, respectively. In March 2013, the Company received from NISCO a dividend of $4,000, consisting of $1,880 related to earnings and a $2,120 return on capital. In March 2014, the Company received from NISCO a dividend of $1,760, consisting of $809 related to earnings and a $951 return of capital.

Purchases of materials from Guyoung Technology Co. Ltd ("Guyoung"), a Korean corporation of which the Company owned approximately 20% and 17% of the common stock at March 31, 2013 and 2014, respectively, totaled $690 and $441 for the three months ended March 31, 2013 and 2014, respectively. In March, 2014, the Company received from Guyoung a dividend of $224, all of which was related to earnings. The Company recorded an unrealized gain on investment of $1,849 for the three months ended March 31, 2014. At March 31, 2014, the amortized cost and fair value of the investment was $1,299 and $3,148, respectively.

XML

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	Apr. 28, 2014
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1
Trading Symbol	CPS
Entity Registrant Name	Cooper-Standard Holdings Inc.
Entity Central Index Key	0001320461
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		16,953,708

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Business Segments

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Business Segments

13. Business Segments

ASC 280, “Segment Reporting,” establishes the standards for reporting information about operating segments in financial statements. The Company organized, managed and reported its global business operations through two geographic segments in the first quarter of 2013. In April 2013, the Company implemented organizational and management changes of its global business operations resulting in four reportable segments associated with geographic regions. In applying the criteria set forth in ASC 280, the Company revised its segment disclosures beginning with the second quarter of 2013 from the two reportable segments, North America and International, to four reportable segments, North America, Europe, South America and Asia Pacific. The Company’s principal product lines within each of these segments are sealing and trim systems, fuel and brake delivery systems, fluid transfer systems, thermal and emissions systems, and anti-vibration systems. The Company evaluates segment performance based on segment profit before tax. The results of each segment include certain allocations for general, administrative, interest, and other shared costs. Prior periods have been revised to conform to the current period presentation.

The following tables detail information on the Company’s business segments:

	Three Months Ended March 31,
	2013			2014
Sales to external customers
North America	$	382,808		$	432,605
Europe	264,487			308,161
South America	45,402			39,766
Asia Pacific	54,860			57,074
Consolidated	$	747,557		$	837,606
Intersegment sales
North America	$	3,734		$	3,359
Europe	1,847			2,227
South America	—			—
Asia Pacific	2,105			1,847
Eliminations and other	(7,686		)	(7,433		)
Consolidated	$	—		$	—
Segment profit (loss)
North America	$	33,806		$	38,460
Europe	(6,053		)	(3,182		)
South America	(3,381		)	(2,507		)
Asia Pacific	3,392			650
Income before income taxes	$	27,764		$	33,421
Restructuring cost included in segment profit (loss)
North America	$	1,784		$	98
Europe	2,970			2,863
South America	—			—
Asia Pacific	6			128
Consolidated	$	4,760		$	3,089

	December 31, 2013		March 31, 2014
Segment assets
North America	$	866,847	$	926,044
Europe	680,920		705,154
South America	138,469		144,275
Asia Pacific	243,736		245,378
Eliminations and other	172,782		127,062
Consolidated	$	2,102,754	$	2,147,913

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CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]
Cumulative participating convertible preferred stock, dividend rate percentage	7.00%	7.00%
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	190,000,000	190,000,000
Common stock, shares issued	18,498,843	18,226,223
Common stock, shares outstanding	16,949,159	16,676,539

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Income Taxes

3 Months Ended

Mar. 31, 2014

Income Tax Disclosure [Abstract]

Income Taxes

7. Income Taxes

Under ASC Topic 270, “Interim Reporting,” the Company is required to determine its effective tax rate each quarter based upon its estimated annual effective tax rate. The Company is also required to record the tax impact of certain unusual or infrequently occurring items, including changes in judgment about valuation allowances and effects of changes in tax laws or rates, in the interim period in which they occur. In addition, jurisdictions with a projected loss for the year where no tax benefit can be recognized are excluded from the estimated annual effective tax rate.

The effective tax rate for the three months ended March 31, 2014 was 36% as compared to 28% for the three months ended March 31, 2013. The higher effective tax rate for the three months ended March 31, 2014 as compared to the three months ended March 31, 2013 is primarily due to the tax benefits related to the retroactive reinstatement of the U.S. research and development tax credit under The American Taxpayer Relief Act of 2012 which was enacted in the three months ended March 31, 2013. The income tax rate for the three months ended March 31, 2014 varies from statutory rates due to income taxes on foreign earnings taxed at rates different from the U.S. statutory rate, the inability to record a tax benefit for pre-tax losses in certain foreign jurisdictions to the extent not offset by other categories of income, tax credits, income tax incentives, withholding taxes, and other permanent items. Further, the Company’s current and future provision for income taxes may be impacted by the recognition of valuation allowances in certain countries. The Company intends to maintain these allowances until it is more likely than not that the deferred tax assets will be realized.

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Pension and Postretirement Benefits other than Pensions

3 Months Ended

Mar. 31, 2014

Compensation and Retirement Disclosure [Abstract]

Pension and Postretirement Benefits other than Pensions

6. Pension and Postretirement Benefits other than Pensions

The following tables disclose the amount of net periodic benefit cost for the three months ended March 31, 2013 and 2014 for the Company’s defined benefit plans and other postretirement benefit plans:

	Pension Benefits
	Three Months Ended March 31,
	2013						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	305		$	888		$	213		$	861
Interest cost	3,052			1,710			3,370			1,802
Expected return on plan assets	(4,342		)	(949		)	(4,764		)	(958		)
Amortization of prior service cost and recognized actuarial loss	344			330			16			231
Net periodic benefit cost (gain)	$	(641	)	$	1,979		$	(1,165	)	$	1,936

	Other Postretirement Benefits
	Three Months Ended March 31,
	2013						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	147		$	168		$	106		$	136
Interest cost	407			188			397			188
Amortization of prior service credit and recognized actuarial gain	(281		)	(36		)	(481		)	(71		)
Other	6			—			6			—
Net periodic benefit cost	$	279		$	320		$	28		$	253

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Goodwill and Intangibles (Tables)

3 Months Ended

Mar. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Carrying Amount of Goodwill by Reportable Operating Segment

The changes in the carrying amount of goodwill by reportable operating segment for the three months ended March 31, 2014 are summarized as follows:

	North America			Europe			South America		Asia Pacific			Total
Balance at January 1, 2014	$	119,870		$	14,460		$	—	$	5,371		$	139,701
Foreign exchange translation	(236		)	(7		)	—		(140		)	(383		)
Balance at March 31, 2014	$	119,634		$	14,453		$	—	$	5,231		$	139,318

Intangible Assets and Accumulated Amortization Balances

The following table presents intangible assets and accumulated amortization balances of the Company as of December 31, 2013 and March 31, 2014, respectively:

	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	135,483	$	(46,466	)	$	89,017
Developed technology	9,757		(5,817		)	3,940
Other	9,530		(1,051		)	8,479
Balance at December 31, 2013	$	154,770	$	(53,334	)	$	101,436
Customer relationships	$	136,430	$	(50,718	)	$	85,712
Developed technology	9,755		(6,207		)	3,548
Other	9,740		(1,186		)	8,554
Balance at March 31, 2014	$	155,925	$	(58,111	)	$	97,814

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Guarantor and Non-Guarantor Subsidiaries

3 Months Ended

Mar. 31, 2014

Guarantor Condensed Financial Statements [Abstract]

Guarantor and Non-Guarantor Subsidiaries

14. Guarantor and Non-Guarantor Subsidiaries

On May 27, 2010, Cooper-Standard Automotive Inc. (the “Issuer”), a wholly-owned subsidiary of Cooper-Standard Holdings Inc., issued 8.5% senior notes due 2018 (“the Senior Notes”) with a total principal amount of $450,000. Cooper-Standard Holdings Inc. and all wholly-owned domestic subsidiaries of Cooper-Standard Automotive Inc. (the “Guarantors”) unconditionally guarantee the Senior Notes. The following condensed consolidated financial data provides information regarding the financial position, results of operations, and cash flows of the Guarantors. The Guarantors account for their investments in the non-guarantor subsidiaries on the equity method. The principal elimination entries are to eliminate the investments in subsidiaries and intercompany balances and transactions.

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

For the Three Months Ended March 31, 2013

	Parent		Issuer			Guarantors		Non-Guarantors			Eliminations			Consolidated Totals
	(dollar amounts in millions)
Sales	$	—	$	145.2		$	165.7	$	486.3		$	(49.6	)	$	747.6
Cost of products sold	—		120.5			133.2		423.2			(49.6		)	627.3
Selling, administration, & engineering expenses	—		34.8			3.1		37.2			—			75.1
Amortization of intangibles	—		2.9			—		1.0			—			3.9
Restructuring	—		1.6			0.1		3.0			—			4.7
Operating profit (loss)	—		(14.6		)	29.3		21.9			—			36.6
Interest expense, net of interest income	—		(8.3		)	—		(2.9		)	—			(11.2		)
Equity earnings	—		1.0			0.9		0.8			—			2.7
Other income (expense), net	—		7.5			0.1		(7.9		)	—			(0.3		)
Income (loss) before income taxes	—		(14.4		)	30.3		11.9			—			27.8
Income tax expense (benefit)	—		(2.7		)	5.5		5.1			—			7.9
Income (loss) before equity in income of subsidiaries	—		(11.7		)	24.8		6.8			—			19.9
Equity in net income of subsidiaries	20.7		32.4			—		—			(53.1		)	—
Net income	20.7		20.7			24.8		6.8			(53.1		)	19.9
Net loss attributable to noncontrolling interests	—		—			—		0.8			—			0.8
Net income attributable to Cooper-Standard Holdings Inc.	$	20.7	$	20.7		$	24.8	$	7.6		$	(53.1	)	$	20.7
Comprehensive income	$	12.9	$	12.9		$	24.8	$	1.4		$	(40.1	)	$	11.9
Add: Comprehensive loss attributable to noncontrolling interests	—		—			—		1.0			—			1.0
Comprehensive income attributable to Cooper-Standard Holdings Inc.	$	12.9	$	12.9		$	24.8	$	2.4		$	(40.1	)	$	12.9

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

For the Three Months Ended March 31, 2014

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated Totals
	(dollar amounts in millions)
Sales	$	—		$	155.3		$	175.1		$	557.5		$	(50.3	)	$	837.6
Cost of products sold	—			133.3			137.8			482.5			(50.3		)	703.3
Selling, administration, & engineering expenses	—			36.8			(0.2		)	43.0			—			79.6
Amortization of intangibles	—			2.9			—			1.5			—			4.4
Restructuring	—			—			0.1			3.0			—			3.1
Operating profit (loss)	—			(17.7		)	37.4			27.5			—			47.2
Interest expense, net of interest income	(4.0		)	(7.2		)	—			(3.8		)	—			(15.0		)
Equity earnings	—			0.3			—			0.9			—			1.2
Other income (expense), net	—			6.9			0.1			(7.0		)	—			—
Income (loss) before income taxes	(4.0		)	(17.7		)	37.5			17.6			—			33.4
Income tax expense (benefit)	(1.7		)	(7.0		)	15.8			5.0			—			12.1
Income (loss) before equity in income of subsidiaries	(2.3		)	(10.7		)	21.7			12.6			—			21.3
Equity in net income of subsidiaries	22.0			32.7			—			—			(54.7		)	—
Net income	19.7			22.0			21.7			12.6			(54.7		)	21.3
Net income attributable to noncontrolling interest	—			—			—			(1.6		)	—			(1.6		)
Net income attributable to Cooper-Standard Holdings Inc.	$	19.7		$	22.0		$	21.7		$	11.0		$	(54.7	)	$	19.7
Comprehensive income	$	18.9		$	21.2		$	21.7		$	11.4		$	(52.5	)	$	20.7
Less: Comprehensive income attributable to noncontrolling interests	—			—			—			(1.8		)	—			(1.8		)
Comprehensive income attributable to Cooper-Standard Holdings Inc.	$	18.9		$	21.2		$	21.7		$	9.6		$	(52.5	)	$	18.9

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2013

	Parent		Issuer		Guarantors			Non-Guarantors			Eliminations			Consolidated Totals
	(dollar amounts in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	13.1	$	83.0	$	—		$	88.3		$	—		$	184.4
Accounts receivable, net	—		55.5		70.9			239.4			—			365.8
Tooling receivable	—		27.1		15.7			113.4			—			156.2
Inventories	—		24.6		32.3			122.9			—			179.8
Prepaid expenses	—		6.2		0.6			20.1			—			26.9
Other	—		26.4		0.7			55.2			—			82.3
Total current assets	13.1		222.8		120.2			639.3			—			995.4
Investments in affiliates and intercompany accounts, net	800.5		231.8		1,191.6			(110.2		)	(2,047.2		)	66.5
Property, plant, and equipment, net	—		103.6		58.6			570.7			—			732.9
Goodwill	—		111.1		—			28.6			—			139.7
Other assets	4.8		150.1		(40.8		)	54.2			—			168.3
	$	818.4	$	819.4	$	1,329.6		$	1,182.6		$	(2,047.2	)	$	2,102.8
LIABILITIES & EQUITY
Current liabilities:
Debt payable within one year	$	—	$	—	$	—		$	28.3		$	—		$	28.3
Accounts payable	—		53.8		54.6			247.0			—			355.4
Accrued liabilities	3.7		40.8		3.7			138.3			—			186.5
Total current liabilities	3.7		94.6		58.3			413.6			—			570.2
Long-term debt	196.5		450.0		—			9.6			—			656.1
Other liabilities	—		115.3		(0.1		)	140.5			—			255.7
Total liabilities	200.2		659.9		58.2			563.7			—			1,482.0
Redeemable noncontrolling interests	—		—		—			5.2			—			5.2
Total Cooper-Standard Holdings Inc. equity	618.2		159.5		1,271.4			616.3			(2,047.2		)	618.2
Noncontrolling interests	—		—		—			(2.6		)	—			(2.6		)
Total equity	618.2		159.5		1,271.4			613.7			(2,047.2		)	615.6
Total liabilities and equity	$	818.4	$	819.4	$	1,329.6		$	1,182.6		$	(2,047.2	)	$	2,102.8

CONDENSED CONSOLIDATING BALANCE SHEET

March 31, 2014

	Parent		Issuer		Guarantors			Non-Guarantors			Eliminations			Consolidated Totals
	(dollar amounts in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	13.1	$	56.3	$	—		$	68.6		$	—		$	138.0
Accounts receivable, net	—		77.1		88.2			273.8			—			439.1
Tooling receivable	—		22.9		18.9			105.7			—			147.5
Inventories	—		24.2		32.5			131.9			—			188.6
Prepaid expenses	—		5.6		0.6			19.9			—			26.1
Other	—		27.0		0.6			57.6			—			85.2
Total current assets	13.1		213.1		140.8			657.5			—			1,024.5
Investments in affiliates and intercompany accounts, net	829.4		237.4		1,200.8			(126.5		)	(2,076.0		)	65.1
Property, plant, and equipment, net	—		105.5		59.3			592.5			—			757.3
Goodwill	—		111.1		—			28.2			—			139.3
Other assets	6.4		155.2		(56.7		)	56.8			—			161.7
	$	848.9	$	822.3	$	1,344.2		$	1,208.5		$	(2,076.0	)	$	2,147.9
LIABILITIES & EQUITY
Current liabilities:
Debt payable within one year	$	—	$	0.5	$	—		$	31.4		$	—		$	31.9
Accounts payable	—		46.7		47.7			232.5			—			326.9
Accrued liabilities	7.4		56.2		3.5			154.6			—			221.7
Total current liabilities	7.4		103.4		51.2			418.5			—			580.5
Long-term debt	196.7		450.0		—			14.6			—			661.3
Other liabilities	—		111.8		(0.1		)	145.2			—			256.9
Total liabilities	204.1		665.2		51.1			578.3			—			1,498.7
Redeemable noncontrolling interests	—		—		—			5.3			—			5.3
Total Cooper-Standard Holdings Inc. equity	644.8		157.1		1,293.1			625.8			(2,076.0		)	644.8
Noncontrolling interests	—		—		—			(0.9		)	—			(0.9		)
Total equity	644.8		157.1		1,293.1			624.9			(2,076.0		)	643.9
Total liabilities and equity	$	848.9	$	822.3	$	1,344.2		$	1,208.5		$	(2,076.0	)	$	2,147.9

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 31, 2013

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations		Consolidated Totals
	(dollar amounts in millions)
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	$	1.7		$	(4.4	)	$	(2.4	)	$	(8.2	)	$	—	$	(13.3	)
INVESTING ACTIVITIES
Capital expenditures	—			(6.4		)	(4.1		)	(23.8		)	—		(34.3		)
Return on equity investments	—			—			2.1			—			—		2.1
Proceeds from the sale of fixed assets	—			—			—			0.2			—		0.2
Net cash used in investing activities	—			(6.4		)	(2.0		)	(23.6		)	—		(32.0		)
FINANCING ACTIVITIES
Increase in short-term debt	—			—			—			4.9			—		4.9
Principal payments on long-term debt	—			—			—			(1.8		)	—		(1.8		)
Purchase of noncontrolling interest	—			—			—			(1.9		)	—		(1.9		)
Repurchase of common stock	—			(11.1		)	—			—			—		(11.1		)
Other	(1.7		)	(2.8		)	—			2.9			—		(1.6		)
Net cash provided by (used in) financing activities	(1.7		)	(13.9		)	—			4.1			—		(11.5		)
Effects of exchange rate changes on cash and cash equivalents	—			—			—			2.9			—		2.9
Changes in cash and cash equivalents	—			(24.7		)	(4.4		)	(24.8		)	—		(53.9		)
Cash and cash equivalents at beginning of period	—			177.5			4.4			88.7			—		270.6
Cash and cash equivalents at end of period	$	—		$	152.8		$	—		$	63.9		$	—	$	216.7
Depreciation and amortization	$	—		$	7.1		$	3.4		$	19.3		$	—	$	29.8

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Three Months Ended March 31, 2014

	Parent		Issuer			Guarantors			Non-Guarantors			Eliminations		Consolidated Totals
	(dollar amounts in millions)
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	$	—	$	(18.4	)	$	3.0		$	19.3		$	—	$	3.9
INVESTING ACTIVITIES
Capital expenditures	—		(10.8		)	(4.0		)	(49.0		)	—		(63.8		)
Return on equity investments	—		—			1.0			—			—		1.0
Proceeds from the sale of fixed assets and other	—		(0.1		)	—			2.2			—		2.1
Net cash used in investing activities	—		(10.9		)	(3.0		)	(46.8		)	—		(60.7		)
FINANCING ACTIVITIES
Increase in short-term debt, net	—		—			—			2.3			—		2.3
Borrowings on long-term debt	—		—			—			4.4			—		4.4
Principal payments on long-term debt	—		—			—			(0.1		)	—		(0.1		)
Debt issuance costs	—		(0.7		)	—			—			—		(0.7		)
Proceeds from exercise of warrants	—		4.6			—			—			—		4.6
Other	—		(1.3		)	—			0.3			—		(1.0		)
Net cash provided by financing activities	—		2.6			—			6.9			—		9.5
Effects of exchange rate changes on cash and cash equivalents	—		—			—			0.9			—		0.9
Changes in cash and cash equivalents	—		(26.7		)	—			(19.7		)	—		(46.4		)
Cash and cash equivalents at beginning of period	13.1		83.0			—			88.3			—		184.4
Cash and cash equivalents at end of period	$	13.1	$	56.3		$	—		$	68.6		$	—	$	138.0
Depreciation and amortization	$	—	$	7.0		$	2.8		$	18.5		$	—	$	28.3

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Stock-Based Compensation

3 Months Ended

Mar. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation

10. Stock-Based Compensation

Under the Company's Omnibus incentive plans, stock options, restricted common stock, restricted 7% preferred stock, unrestricted common stock and restricted stock units have been granted to key employees and directors. Total compensation expense recognized was $3,800 and $3,906 for the three months ended March 31, 2013 and 2014, respectively.

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Financial Instruments - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior unsecured notes principal amount	$ 450,000
Ownership percentage by company	51.00%
Percentage of ownership Right of Non controlling to purchase by company	49.00%
Notional amount of foreign currency cash flow	930
Fair value of contracts recorded in asset position in other current assets	85,095		82,301
Liability position recorded in accrued liabilities	105,516		89,302
Maturity date of foreign currency derivative contracts	Apr. 30, 2014
Undesignated derivative forward contracts	4
Unrealized gains (loss) related to forward contracts	(38)	(188)
Temporary Equity, Redemption Value	0		0
Foreign Exchange Forward [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of contracts recorded in asset position in other current assets	217
Liability position recorded in accrued liabilities	79
Amount reclassified from AOCI into cost of products sold	7
Forward Foreign Exchange Contracts Transaction Period	Dec. 31, 2014
Foreign Exchange Forward [Member] | Foreign exchange contract [Member] | Cash Flow Hedging [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notional amount of foreign currency cash flow	17,326
Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair values of the Senior Notes	471,375		477,000
Senior unsecured notes principal amount	450,000		450,000
Senior PIK Toggle Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair values of the Senior Notes	200,620		197,466
Senior PIK Toggle notes principal amount	$ 196,686		$ 196,484

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Accumulated Other Comprehensive Income (Loss), Equity and Redeemable Noncontrolling Interests

3 Months Ended

Mar. 31, 2014

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss), Equity and Redeemable Noncontrolling Interests

8. Accumulated Other Comprehensive Income (Loss), Equity and Redeemable Noncontrolling Interests

The changes in accumulated other comprehensive income (loss) by component for the three months ended March 31, 2013 and 2014, net of related tax, are as follows:

	Three Months Ended March 31, 2013
	Cumulative currency translation adjustment			Benefit plan liability			Unrealized gains on investment securities		Fair value change of derivatives			Accumulated other comprehensive loss
Balance at January 1, 2013	$	18,320		$	(64,018	)	$	—	$	250		$	(45,448	)
Other comprehensive income (loss) before reclassifications	(9,292		)	792			—		491			(8,009		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			216			—		(7		)	209
Net current period other comprehensive income (loss)(1)	(9,292		)	1,008			—		484			(7,800		)
Balance at March 31, 2013	$	9,028		$	(63,010	)	$	—	$	734		$	(53,248	)
Amounts in parentheses indicate debits.

(1) Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of $98. Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $(87).

	Three Months Ended March 31, 2014
	Cumulative currency translation adjustment			Benefit plan liability			Unrealized gains on investment securities		Fair value change of derivatives		Accumulated other comprehensive loss
Balance at January 1, 2014	$	5,712		$	(33,406	)	$	—	$	—	$	(27,694	)
Other comprehensive income (loss) before reclassifications	(2,020		)	159			1,146		73		(642		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			(166		)	—		5		(161		)
Net current period other comprehensive income (loss)(1)	(2,020		)	(7		)	1,146		78		(803		)
Balance at March 31, 2014	$	3,692		$	(33,413	)	$	1,146	$	78	$	(28,497	)
Amounts in parentheses indicate debits.

(1) Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of $(74). Other comprehensive income (loss) related to the unrealized gains on investment securities is net of a tax effect of $(703). Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $(59).

The reclassifications out of accumulated other comprehensive income (loss) for the three months ended March 31, 2013 and 2014 are as follows:

	Gain (loss) reclassified
	Three Months Ended March 31,
Details about accumulated other comprehensive loss components	2013			2014			Location of gain (loss) reclassified into income
Fair value change of derivatives
Interest rate contracts	$	(40	)	$	—		Interest expense, net of interest income
Foreign exchange contracts	50			(7		)	Cost of products sold
	10			(7		)	Income before income taxes
	(3		)	2			Income tax expense
	$	7		$	(5	)	Consolidated net income
Amortization of defined benefit and other postretirement benefit plans
Prior service credits	$	159		$	82		(1)
Actuarial losses	(472		)	224			(1)
	(313		)	306			Income before income taxes
	97			(140		)	Income tax expense
	$	(216	)	$	166		Consolidated net income
Total reclassifications for the period	$	(209	)	$	161

(1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost. (See Note 6. “Pension and Postretirement Benefits other than Pensions” for additional details.)

The following table summarizes the Company’s equity and redeemable noncontrolling interest activity for the three months ended March 31, 2014:

	Cooper-Standard Holdings Inc.			Noncontrolling Interests			Total Equity			Redeemable Noncontrolling Interest
Equity at January 1, 2014	$	618,150		$	(2,578	)	$	615,572		$	5,153
Net income	19,735			1,621			21,356			1
Warrant exercise	4,571			—			4,571			—
Other comprehensive income (loss)	(803		)	10			(793		)	166
Stock-based compensation	3,631			—			3,631			—
Shares issued under stock option plans	(454		)	—			(454		)	—
Equity at March 31, 2014	$	644,830		$	(947	)	$	643,883		$	5,320

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Net Income Per Share Attributable to Cooper-Standard Holdings Inc.

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Net Income Per Share Attributable to Cooper-Standard Holdings Inc.

9. Net Income Per Share Attributable to Cooper-Standard Holdings Inc.

Basic net income per share attributable to Cooper-Standard Holdings Inc. was computed by dividing net income attributable to Cooper-Standard Holdings Inc. by the weighted average number of shares of common stock outstanding during the period excluding unvested restricted shares. Diluted net income per share attributable to Cooper-Standard Holdings Inc. was computed using the treasury stock method by dividing diluted net income available to Cooper-Standard Holdings Inc. by the weighted average number of shares of common stock outstanding, including the dilutive effect of common stock equivalents, using the average share price during the period.

A summary of information used to compute basic and diluted net income per share attributable to Cooper-Standard Holdings Inc. is shown below:

	Three Months Ended March 31,
	2013			2014
Net income attributable to Cooper-Standard Holdings Inc.	$	20,701		$	19,735
Less: 7% Preferred stock dividends (paid or unpaid)	(1,677		)	—
Less: Undistributed earnings allocated to participating securities	(3,724		)	—
Net income available to Cooper-Standard Holdings Inc. common stockholders	$	15,300		$	19,735
Basic weighted average shares of common stock outstanding	16,621,120			16,656,600
Dilutive effect of:
Restricted common stock	252,817			151,772
Restricted 7% preferred stock	32,315			—
Warrants	693,043			1,038,338
Options	112,083			73,561
Diluted weighted average shares of common stock outstanding	17,711,378			17,920,271
Basic net income per share attributable to Cooper-Standard Holdings Inc.	$	0.92		$	1.18
Diluted net income per share attributable to Cooper-Standard Holdings Inc.	$	0.86		$	1.10

The effect of certain common stock equivalents was excluded from the computation of weighted average diluted shares outstanding as inclusion would have been antidilutive. A summary of common stock equivalents excluded from the computation of weighted average diluted shares outstanding is shown below:

	Three Months Ended March 31,
	2013		2014
Number of options	471,898		479,211
Exercise price	$43.50-52.50		$25.52-66.23
Restricted common stock	—		70,420
7% Preferred stock, as if converted	4,045,852		—
7% Preferred stock dividends, undistributed earnings and premium allocated to participating securities that would be added back in the diluted calculation	$	5,401	$	—

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Other Income (Expense), Net

3 Months Ended

Mar. 31, 2014

Other Income and Expenses [Abstract]

Other Income (Expense), Net

11. Other Income (Expense), Net

The components of other income (expense), net are as follows:

	Three Months Ended March 31,
	2013			2014
Foreign currency gains	$	260		$	532
Unrealized losses related to forward contracts	(188		)	(38		)
Loss on sale of receivables	(373		)	(464		)
Miscellaneous expense	(31		)	—
Other income (expense), net	$	(332	)	$	30

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Goodwill and Intangibles - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2014 Scenario, Forecast [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization expenses	$ 4,436	$ 3,891
Estimated Amortization Expenses			$ 15,800

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Stock-Based Compensation - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Stock Comp [Line Items]
Preferred stock dividend rate, percentage	7.00%
Omnibus Incentive Plan [Member]
Stock Comp [Line Items]
Total compensation expense recognized	$ 3,906	$ 3,800

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Accounts Receivable Factoring

3 Months Ended

Mar. 31, 2014

Receivables [Abstract]

Accounts Receivable Factoring

16. Accounts Receivable Factoring

As a part of its working capital management, the Company sells certain receivables through third party financial institutions with and without recourse. The amount sold varies each month based on the amount of underlying receivables and cash flow needs of the Company. The Company continues to service the receivables. These are permitted transactions under the Company’s Term Loan Facility, Amended Senior ABL Facility and Senior ABL Facility.

At March 31, 2013 and 2014, the Company had $89,015 and $120,366, respectively, outstanding under receivable transfer agreements without recourse entered into by various locations. The total amount of accounts receivable factored were $113,402 and $139,130 for the three months ended March 31, 2013 and 2014, respectively. Costs incurred on the sale of receivables were $645 and $798 for the three months ended March 31, 2013 and 2014, respectively. These amounts are recorded in other income (expense), net and interest expense, net of interest income in the condensed consolidated statements of comprehensive income.

At March 31, 2013 and 2014, the Company had $15,197 and $9,500, respectively, outstanding under receivable transfer agreements with recourse. The secured borrowings are recorded in debt payable within one year and receivables are pledged equal to the balance of the borrowings. The total amount of accounts receivable factored was $22,712 and $15,695 for the three months ended March 31, 2013 and 2014, respectively. Costs incurred on the sale of receivables were $84 and $92 for the three months ended March 31, 2013 and 2014, respectively. These amounts are recorded in other income (expense), net and interest expense, net of interest income in the condensed consolidated statements of comprehensive income.

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Debt (Tables)

3 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

Outstanding Debt

Outstanding debt consisted of the following at December 31, 2013 and March 31, 2014:

	December 31, 2013			March 31, 2014
Senior notes	$	450,000		$	450,000
Senior PIK toggle notes	196,484			196,686
Other borrowings	37,940			46,458
Total debt	$	684,424		$	693,144
Less current portion	(28,329		)	(31,853		)
Total long-term debt	$	656,095		$	661,291

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Net Income Per Share Attributable to Cooper-Standard Holdings Inc. - Basic and Diluted Net Income Per Share Attributable (Detail) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Earnings Per Share [Abstract]
Net income attributable to Cooper-Standard Holdings Inc.	$ 19,735	$ 20,701
Less: 7% Preferred stock dividends (paid or unpaid)	0	(1,677)
Less: Undistributed earnings allocated to participating securities	0	(3,724)
Net income available to Cooper-Standard Holdings Inc. common stockholders	$ 19,735	$ 15,300
Basic weighted average shares of common stock outstanding	16,656,600	16,621,120
Dilutive effect of:
Restricted common stock	151,772	252,817
Restricted 7% preferred stock	0	32,315
Warrants	1,038,338	693,043
Options	73,561	112,083
Diluted weighted average shares of common stock outstanding	17,920,271	17,711,378
Basic net income per share attributable to Cooper-Standard Holdings Inc.	$ 1.18	$ 0.92
Diluted net income per share attributable to Cooper-Standard Holdings Inc.	$ 1.10	$ 0.86

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Debt - Outstanding Debt (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Senior notes	$ 450,000
Other borrowings	46,458	37,940
Total debt	693,144	684,424
Less current portion	(31,853)	(28,329)
Total long-term debt	661,291	656,095
Senior Notes [Member]
Debt Instrument [Line Items]
Senior notes	450,000	450,000
Senior PIK Toggle Notes [Member]
Debt Instrument [Line Items]
Senior PIK toggle notes	$ 196,686	$ 196,484

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Statement of Cash Flows [Abstract]
Repurchase Of Preferred And Common Stock		$ 11,098
Operating Activities:
Net income	21,357	19,873
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	23,816	25,956
Amortization of intangibles	4,436	3,891
Stock-based compensation expense	3,906	3,800
Equity earnings, net of dividends related to earnings	1,033	519
Deferred income taxes	6,830	862
Other	(881)	403
Changes in operating assets and liabilities	(56,626)	(68,605)
Net cash provided by (used in) operating activities	3,871	(13,301)
Investing activities:
Capital expenditures	(63,817)	(34,269)
Return on equity investments	951	2,120
Proceeds from sale of fixed assets and other	2,125	218
Net cash used in investing activities	(60,741)	(31,931)
Financing activities:
Increase in short term debt, net	2,289	4,897
Borrowings on long-term debt	4,435	0
Principal payments on long-term debt	(121)	(1,763)
Debt issuance costs	(671)	0
Preferred stock cash dividends paid	0	(1,651)
Purchase of noncontrolling interest	0	(1,911)
Repurchase of common stock	0
Proceeds from exercise of warrants	4,571	0
Other	(927)	(8)
Net cash provided by (used in) financing activities	9,576	(11,534)
Effects of exchange rate changes on cash and cash equivalents	969	2,924
Changes in cash and cash equivalents	(46,325)	(53,842)
Cash and cash equivalents at beginning of period	184,370	270,555
Cash and cash equivalents at end of period	$ 138,045	$ 216,713

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Debt

3 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

Debt

5. Debt

Outstanding debt consisted of the following at December 31, 2013 and March 31, 2014:

	December 31, 2013			March 31, 2014
Senior notes	$	450,000		$	450,000
Senior PIK toggle notes	196,484			196,686
Other borrowings	37,940			46,458
Total debt	$	684,424		$	693,144
Less current portion	(28,329		)	(31,853		)
Total long-term debt	$	656,095		$	661,291

Senior ABL Facility

On April 8, 2013 the Company and certain of its subsidiaries entered into the Amended and Restated Senior Loan and Security Agreement (“the Senior ABL Facility”), with certain lenders, which amended and restated the then existing of its senior secured asset-based revolving credit facility. The Senior ABL Facility provided for an aggregate revolving loan availability of up to $150,000, subject to borrowing base availability and certain provisions of the Senior ABL Facility, including a $50,000 letter of credit sub-facility and a $25,000 swing line sub-facility. The Senior ABL Facility also provided for an uncommitted $75,000 incremental loan facility, for a potential total Senior ABL Facility of $225,000 (if requested by the Company and the lenders agree to fund such increase). No consent of any lender (other than those participating in the increase) was required to effect any such increase. As of March 31, 2014, subject to borrowing base availability under the facility, the Company had $150,000 in availability less outstanding letters of credit of $37,023.

On April 4, 2014, the Company and certain of its subsidiaries entered into the Second Amended and Restated Loan Agreement (the "Amended Senior ABL Facility"), which amended and restated the existing Senior ABL facility in order to permit the Term Loan Facility (described below) and other related transactions and to implement other necessary conforming and administrative changes in connection with such transactions. The Amended Senior ABL Facility provides for an aggregate revolving loan availability of up to $150,000, subject to borrowing base availability and certain provisions of the Amended Senior ABL Facility, including a $60,000 letter of credit sub-facility and a $25,000 swing line sub-facility. The Amended Senior ABL Facility also provides for an uncommitted $105,000 incremental loan facility, for a potential total Amended Senior ABL Facility of $255,000 (if requested by the Company and the lenders agree to fund such increase). No consent of any lender (other than those participating in the increase) is required to effect any such increase.

Senior PIK Toggle Notes

On April 3, 2013, the Company issued $175,000 aggregate principal amount of its Senior PIK Toggle Notes (the “Senior PIK Toggle Notes”). The Senior PIK Toggle Notes bear an interest rate of 7.375% and mature on April 1, 2018. The Senior PIK Toggle Notes were issued pursuant to an indenture dated April 3, 2013. The Senior PIK Toggle Notes were issued at a discount of $3,938. On May 20, 2013, the Company issued an additional $25,000 Senior PIK Toggle Notes pursuant to the indenture dated April 3, 2013. The Senior PIK Toggle Notes were issued at a discount of $188.

Prepayment of the Notes

On March 21, 2014, the Company and Cooper-Standard Automotive Inc. commenced cash tender offers for any and all of the outstanding Senior PIK Toggle Notes and Senior Notes, respectively. Pursuant to these cash tender offers, on the early tender deadline of April 3, 2014, (i) $198,000 principal amount of the Senior PIK Toggle Notes had been tendered and not validly withdrawn, representing approximately 99.00% of the aggregate outstanding principal amount of the Senior PIK Toggle Notes and (ii) $220,328 principal amount of the Senior Notes had been tendered and not validly withdrawn, representing approximately 48.96% of the aggregate outstanding principal amount of the Senior Notes. On April 4, 2014, the Company purchased the Senior Notes and Senior PIK Toggle Notes tendered up to the early tender deadline and deposited sufficient funds with the trustee to redeem the remaining outstanding Senior Notes and Senior PIK Toggle Notes and pay accrued and unpaid interest thereon to, but not including, the redemption dates of April 21, 2014 and May 5, 2014, respectively. On April 18, 2014, the cash tender offers expired. On April 21, 2014, the Company purchased the additional Senior Notes (and Senior PIK Toggle Notes) tendered up to the expiration time and redeemed the remaining outstanding Senior Notes. The Company used borrowings under the Term Loan Facility, together with cash on hand, to finance the repurchase and redemption of the Senior PIK Toggle Notes and the Senior Notes. The approximate redemption prices for the Senior PIK Toggle Notes and the Senior Notes were 102.4% and 104.6%, respectively.

Term Loan Facility

On April 4, 2014, certain subsidiaries of the Company entered into a term loan facility (the “Term Loan Facility”) in order to (i) refinance the Senior PIK Toggle Notes due 2018 of the Company and the 8 1/2% Senior Notes due 2018 of Cooper-Standard Automotive Inc. (the "Senior Notes"), including applicable call premiums and accrued and unpaid interest, (ii) pay related fees and expenses and (iii) provide for working capital and other general corporate purposes. The Term Loan Facility provides for loans in an aggregate principal amount of $750,000 and may be expanded (or a new term loan facility added) by an amount that will not cause the consolidated first lien debt ratio to exceed 2.25 to 1.00 plus $300,000. All obligations of the borrower are guaranteed jointly and severally on a senior secured basis by the direct parent company of the borrower and each existing and subsequently acquired or organized direct or indirect wholly-owned U.S. restricted subsidiary of the borrower. The Term Loan Facility matures on April 4, 2021, unless earlier terminated. On April 4, 2014, the aggregate principal amount was fully drawn to refinance the Senior PIK Toggle Notes and the Senior Notes and to pay related fees and expenses.

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Guarantor and Non-Guarantor Subsidiaries - Condensed Consolidating Balance Sheet (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 138,045	$ 184,370	$ 216,713	$ 270,555
Accounts receivable, net	439,142	365,750
Tooling receivable	147,533	156,205
Inventories	188,589	179,766
Prepaid expenses	26,138	26,940
Other	85,095	82,301
Total current assets	1,024,542	995,332
Investments in affiliates and intercompany accounts, net	65,100	66,500
Property, plant, and equipment, net	757,258	732,902
Goodwill	139,318	139,701
Other assets	161,700	168,300
Total assets	2,147,913	2,102,754
Current liabilities:
Debt payable within one year	31,853	28,329
Accounts payable	326,862	355,394
Accrued Liabilities	221,700	186,500
Total current liabilities	580,539	570,171
Long-term debt	661,291	656,095
Other Liabilities	256,900	255,700
Total liabilities	1,498,710	1,482,029
Redeemable noncontrolling interests	5,320	5,153
Total Cooper-Standard Holdings Inc. equity	644,830	618,150
Noncontrolling interests	(947)	(2,578)
Total equity	643,883	615,572
Total liabilities and equity	2,147,913	2,102,754
Parent [Member]
Current assets:
Cash and cash equivalents	13,100	13,100	0	0
Accounts receivable, net	0	0
Tooling receivable	0	0
Inventories	0	0
Prepaid expenses	0	0
Other	0	0
Total current assets	13,100	13,100
Investments in affiliates and intercompany accounts, net	829,400	800,500
Property, plant, and equipment, net	0	0
Goodwill	0	0
Other assets	6,400	4,800
Total assets	848,900	818,400
Current liabilities:
Debt payable within one year	0	0
Accounts payable	0	0
Accrued Liabilities	7,400	3,700
Total current liabilities	7,400	3,700
Long-term debt	196,700	196,500
Other Liabilities	0	0
Total liabilities	204,100	200,200
Redeemable noncontrolling interests	0	0
Total Cooper-Standard Holdings Inc. equity	644,800	618,200
Noncontrolling interests	0	0
Total equity	644,800	618,200
Total liabilities and equity	848,900	818,400
Issuer [Member]
Current assets:
Cash and cash equivalents	56,300	83,000	152,800	177,500
Accounts receivable, net	77,100	55,500
Tooling receivable	22,900	27,100
Inventories	24,200	24,600
Prepaid expenses	5,600	6,200
Other	27,000	26,400
Total current assets	213,100	222,800
Investments in affiliates and intercompany accounts, net	237,400	231,800
Property, plant, and equipment, net	105,500	103,600
Goodwill	111,100	111,100
Other assets	155,200	150,100
Total assets	822,300	819,400
Current liabilities:
Debt payable within one year	500	0
Accounts payable	46,700	53,800
Accrued Liabilities	56,200	40,800
Total current liabilities	103,400	94,600
Long-term debt	450,000	450,000
Other Liabilities	111,800	115,300
Total liabilities	665,200	659,900
Redeemable noncontrolling interests	0	0
Total Cooper-Standard Holdings Inc. equity	157,100	159,500
Noncontrolling interests	0	0
Total equity	157,100	159,500
Total liabilities and equity	822,300	819,400
Guarantors [Member]
Current assets:
Cash and cash equivalents	0	0	0	4,400
Accounts receivable, net	88,200	70,900
Tooling receivable	18,900	15,700
Inventories	32,500	32,300
Prepaid expenses	600	600
Other	600	700
Total current assets	140,800	120,200
Investments in affiliates and intercompany accounts, net	1,200,800	1,191,600
Property, plant, and equipment, net	59,300	58,600
Goodwill	0	0
Other assets	(56,700)	(40,800)
Total assets	1,344,200	1,329,600
Current liabilities:
Debt payable within one year	0	0
Accounts payable	47,700	54,600
Accrued Liabilities	3,500	3,700
Total current liabilities	51,200	58,300
Long-term debt	0	0
Other Liabilities	(100)	(100)
Total liabilities	51,100	58,200
Redeemable noncontrolling interests	0	0
Total Cooper-Standard Holdings Inc. equity	1,293,100	1,271,400
Noncontrolling interests	0	0
Total equity	1,293,100	1,271,400
Total liabilities and equity	1,344,200	1,329,600
Non-Guarantors [Member]
Current assets:
Cash and cash equivalents	68,600	88,300	63,900	88,700
Accounts receivable, net	273,800	239,400
Tooling receivable	105,700	113,400
Inventories	131,900	122,900
Prepaid expenses	19,900	20,100
Other	57,600	55,200
Total current assets	657,500	639,300
Investments in affiliates and intercompany accounts, net	(126,500)	(110,200)
Property, plant, and equipment, net	592,500	570,700
Goodwill	28,200	28,600
Other assets	56,800	54,200
Total assets	1,208,500	1,182,600
Current liabilities:
Debt payable within one year	31,400	28,300
Accounts payable	232,500	247,000
Accrued Liabilities	154,600	138,300
Total current liabilities	418,500	413,600
Long-term debt	14,600	9,600
Other Liabilities	145,200	140,500
Total liabilities	578,300	563,700
Redeemable noncontrolling interests	5,300	5,200
Total Cooper-Standard Holdings Inc. equity	625,800	616,300
Noncontrolling interests	(900)	(2,600)
Total equity	624,900	613,700
Total liabilities and equity	1,208,500	1,182,600
Eliminations [Member]
Current assets:
Cash and cash equivalents	0	0	0	0
Accounts receivable, net	0	0
Tooling receivable	0	0
Inventories	0	0
Prepaid expenses	0	0
Other	0	0
Total current assets	0	0
Investments in affiliates and intercompany accounts, net	(2,076,000)	(2,047,200)
Property, plant, and equipment, net	0	0
Goodwill	0	0
Other assets	0	0
Total assets	(2,076,000)	(2,047,200)
Current liabilities:
Debt payable within one year	0	0
Accounts payable	0	0
Accrued Liabilities	0	0
Total current liabilities	0	0
Long-term debt	0	0
Other Liabilities	0	0
Total liabilities	0	0
Redeemable noncontrolling interests	0	0
Total Cooper-Standard Holdings Inc. equity	(2,076,000)	(2,047,200)
Noncontrolling interests	0	0
Total equity	(2,076,000)	(2,047,200)
Total liabilities and equity	$ (2,076,000)	$ (2,047,200)

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Pension and Postretirement Benefits other than Pensions (Tables)

3 Months Ended

Mar. 31, 2014

Compensation and Retirement Disclosure [Abstract]

Net Periodic Benefit Cost of Defined Benefit Plans and Other Postretirement Benefit Plans

The following tables disclose the amount of net periodic benefit cost for the three months ended March 31, 2013 and 2014 for the Company’s defined benefit plans and other postretirement benefit plans:

	Pension Benefits
	Three Months Ended March 31,
	2013						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	305		$	888		$	213		$	861
Interest cost	3,052			1,710			3,370			1,802
Expected return on plan assets	(4,342		)	(949		)	(4,764		)	(958		)
Amortization of prior service cost and recognized actuarial loss	344			330			16			231
Net periodic benefit cost (gain)	$	(641	)	$	1,979		$	(1,165	)	$	1,936

	Other Postretirement Benefits
	Three Months Ended March 31,
	2013						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	147		$	168		$	106		$	136
Interest cost	407			188			397			188
Amortization of prior service credit and recognized actuarial gain	(281		)	(36		)	(481		)	(71		)
Other	6			—			6			—
Net periodic benefit cost	$	279		$	320		$	28		$	253

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Restructuring - Summary of Restructuring Expense (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Restructuring Cost and Reserve [Line Items]
Restructuring	$ 3,089	$ 4,760
Restructuring activities prior years [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	530	3,139
Restructuring activities prior years [Member] | Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	242	2,149
Restructuring activities prior years [Member] | Other Exit Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	288	903
Restructuring activities prior years [Member] | Asset Impairments [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	$ 0	$ 87

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Financial Instruments

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

Financial Instruments

15. Financial Instruments

Fair values of the Senior Notes approximated $477,000 and $471,375 at December 31, 2013 and March 31, 2014, respectively, based on quoted market prices, compared to the recorded value of $450,000. This fair value measurement is classified within Level 1 of the fair value hierarchy.

Fair values of the Senior PIK Toggle Notes approximated $197,466 and $200,620 at December 31, 2013 and March 31, 2014, respectively, based on quoted market prices, compared to the recorded values of $196,484 and $196,686 at December 31, 2013 and March 31, 2014, respectively. This fair value measurement is classified within Level 1 of the fair value hierarchy.

The Company completed an agreement with Fonds de Modernisation des Equipementiers Automobiles (“FMEA”) on May 2, 2011, to establish a joint venture that combined the Company’s French body sealing operations and the operations of Société des Polymères Barre-Thomas (“SPBT”). SPBT was a French supplier of anti-vibration systems and low pressure hoses, as well as body sealing products, which FMEA acquired as a preliminary step to the joint venture transaction. SPBT changed its name to Cooper Standard France SAS (“CS France”) subsequent to the transaction. The Company has 51% ownership and FMEA has 49% ownership in CS France. In connection with the investment in CS France, the noncontrolling shareholders have the option, which is embedded in the noncontrolling interest, to require the Company to purchase the remaining 49% noncontrolling share at a formula price designed to approximate fair value based on operating results of the entity.

The noncontrolling interest is redeemable at other than fair value as the put value is determined based on the formula described above. The Company records the noncontrolling interest in CS France at the greater of 1) the initial carrying amount, increased or decreased for the noncontrolling shareholders’ share of net income or loss and its share of other comprehensive income or loss and dividends (“carrying amount”) or 2) the cumulative amount required to accrete the initial carrying amount to the redemption value. According to authoritative accounting guidance, the redeemable noncontrolling interest was classified outside of permanent equity, in mezzanine equity, on the Company’s condensed consolidated balance sheets.

At December 31, 2013 and March 31, 2014, the estimated redemption value of the put option relating to the noncontrolling interest in CS France was $0. The redemption amount, if any, related to the put option is guaranteed by the Company and secured with the CS France shares held by a subsidiary of the Company. The Company has determined that the non-recurring fair value measurement related to this calculation relies primarily on Company-specific inputs and the Company’s assumptions, as observable inputs are not available. As such, the Company has determined that this fair value measurement resides within Level 3 of the fair value hierarchy. To determine the fair value of the put option, the Company utilizes the projected cash flows expected to be generated by the joint venture, then discounts the future cash flows by using a risk-adjusted rate for the Company.

According to authoritative accounting guidance for redeemable noncontrolling shareholders’ interests, to the extent the noncontrolling shareholders have a contractual right to receive an amount upon exercise of a put option that is other than fair value, and such amount is greater than carrying value, then the noncontrolling shareholder has, in substance, received a dividend distribution that is different than other common stockholders. Therefore the redemption amount in excess of fair value should be reflected in the computation of earnings per share available to the Company’s common stockholders. At March 31, 2014 there was no difference between redemption value and fair value.

Derivative Instruments and Hedging Activities

The Company uses derivative financial instruments, including forward and swap contracts, to manage its exposures to fluctuations in foreign exchange and interest rates. For a fair value hedge, both the effective and ineffective, if significant, portions are recorded in earnings and reflected in the condensed consolidated statement of comprehensive income. For a cash flow hedge, the effective portion of the change in the fair value of the derivative is recorded in accumulated other comprehensive loss in the condensed consolidated balance sheet. The ineffective portion, if significant, is recorded in other income or expense. When the underlying hedged transaction is realized or the hedged transaction is no longer probable, the gain or loss included in accumulated other comprehensive loss is recorded in earnings and reflected in the condensed consolidated statement of comprehensive income on the same line as the gain or loss on the hedged item attributable to the hedged risk.

The Company formally documents its hedge relationships, including the identification of the hedging instruments and the hedged items, as well as its risk management objectives and strategies for undertaking the cash flow hedges. The Company also formally assesses whether a cash flow hedge is highly effective in offsetting changes in the cash flows of the hedged item. Derivatives are recorded at fair value in other current assets and accrued liabilities.

Cash Flow Hedges

Forward foreign exchange contracts—The Company enters into forward contracts to hedge currency risk of the U.S. Dollar against the Mexican Peso and the Euro against the U.S. Dollar. The forward contracts are used to mitigate the potential volatility to earnings and cash flow arising from changes in currency exchange rates that impact the Company’s foreign currency transactions. As of March 31, 2014, the notional amount of these contracts was $17,326. The fair values of these contracts at March 31, 2014 were $217 in the asset position recorded in other current assets and $79 in the liability position recorded in accrued liabilities in the condensed consolidated balance sheet. The gains or losses on the forward contracts are reported as a component of accumulated other comprehensive loss and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. The amount reclassified from accumulated other comprehensive loss into cost of products sold was $7 for the three months ended March 31, 2014. These foreign currency derivative contracts consist of hedges of transactions up to December 2014.

Undesignated Derivatives

As part of the FMEA joint venture, SPBT had undesignated derivative forward contracts to hedge currency risk of the Euro against the Polish Zloty which are included in the Company’s condensed consolidated financial statements. The forward contracts are used to mitigate the potential volatility of cash flows arising from changes in currency exchange rates that impact the Company’s foreign currency transactions. These foreign currency derivative contracts relate to hedge transactions through April 2014. As of March 31, 2014, the notional amount of these contracts was $930. At March 31, 2014, the fair value of the Company’s undesignated derivative forward contracts was a liability of $4 and is recorded in accrued liabilities in the Company’s condensed consolidated balance sheet. The unrealized gain or loss on the forward contracts is reported as a component of other income (expense), net. The unrealized loss amounted to $188 and $38 for the three months ended March 31, 2013 and 2014, respectively.

Fair Value Measurements

ASC 820 clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based upon assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, ASC 820 establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:

Level 1:	Observable inputs such as quoted prices in active markets;
Level 2:	Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and
Level 3:	Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

Estimates of the fair value of foreign currency and interest rate derivative instruments are determined using exchange traded prices and rates. The Company also considers the risk of non-performance in the estimation of fair value, and includes an adjustment for non-performance risk in the measure of fair value of derivative instruments. In certain instances where market data is not available, the Company uses management judgment to develop assumptions that are used to determine fair value. Fair value measurements and the fair value hierarchy level for the Company’s liabilities measured or disclosed at fair value on a recurring basis as of December 31, 2013 and March 31, 2014, are shown below:

	December 31, 2013			March 31, 2014			Input
Forward foreign exchange contracts - other current assets	$	36		$	217		Level 2
Forward foreign exchange contracts - accrued liabilities	(1		)	(83		)	Level 2

Items measured at fair value on a non-recurring basis

In addition to items that are measured at fair value on a recurring basis, the Company measures certain assets and liabilities at fair value on a non-recurring basis, which are not included in the table above. As these non-recurring fair value measurements are generally determined using unobservable inputs, these fair value measurements are classified within Level 3 of the fair value hierarchy. For further information on assets and liabilities measured at fair value on a non-recurring basis, see Note 3. “Restructuring.”