Financial Instruments and Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2020

Financial Instruments and Fair Value Measurements [Abstract]

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

					Prepaid expenses				Accrued expenses and
	Notional amounts (A)				and other current assets				other current liabilities
December 31	2020		2019		2020		2019		2020		2019
Derivatives designated as hedging instruments:
Cash flow hedges:
Forward currency contracts	$	1,242	$	-	$	255	$	-	$	-	$	-
Interest rate swap	$	50,000	$	-	$	-	$	-	$	1,318	$	-

(A)Notional amounts represent the gross contract of the derivatives outstanding in U.S. dollars.

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

							Gain (loss) reclassified from
	Gain (loss) recorded in other						other comprehensive income
	comprehensive income (loss)						(loss) into net (loss) income (A)
	2020		2019			2018	2020		2019			2018
Derivatives designated as cash flow hedges:
Forward currency contracts	$	(1,244)	$	450	$	1,967	$	(1,499)	$	820	$	1,376
Interest rate swap	$	(1,751)	$	-	$	-	$	(433)	$	-	$	-

(A) Gains (losses) reclassified from comprehensive income (loss) into net (loss) income recognized in COGS in the Company’s consolidated statements of operations for the years ended December 31, 2020, 2019 and 2018 were $(1,146), $695 and $1,259, respectively. Gains (losses) reclassified from other comprehensive income (loss) into net (loss) income recognized in D&D in the Company’s consolidated statements of operations were $(29), $125 and $117 for the years ended December 31, 2020, 2019 and 2018, respectively. Gains (losses) reclassified from other comprehensive income (loss) into net (loss) income recognized in SG&A in the Company’s consolidated statements of operations were $(324), $0 and $0 for the years ended December 31, 2020, 2019 and 2018, respectively.

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

December 31			2020						2019
			Fair values estimated using
		Fair	Level 1		Level 2		Level 3
	value		inputs		inputs		inputs		Fair value
Financial assets carried at fair value:
Forward currency contract	$	255	$	-	$	255	$	-	$	-
Total financial assets carried at fair value	$	255	$	-	$	255	$	-	$	-
Financial liabilities carried at fair value:
Interest rate swap	$	1,318	$	-	$	1,318	$	-	$	-
Earn-out consideration		5,813		-		-		5,813		12,011
Total financial liabilities carried at fair value	$	7,131	$	-	$	1,318	$	5,813	$	12,011

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

	Stoneridge Brazil		Total
Balance at December 31, 2019	$	12,011	$	12,011
Change in fair value		(3,196)		(3,196)
Foreign currency adjustments		(3,002)		(3,002)
Balance at December 31, 2020	$	5,813	$	5,813

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