10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

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

For the quarterly period ended March 31, 2013

or

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

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  x    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  x    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. (Check one):

Large accelerated filer	¨	Accelerated filer	x
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  x

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 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  x    No  ¨

As of April 30, 2013 there were 17,801,844 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, 2013

		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		24
Item 3.	Quantitative and Qualitative Disclosures About Market Risk		31
Item 4.	Controls and Procedures		31
PART II. OTHER INFORMATION
Item 1.	Legal Proceedings		32
Item 1A.	Risk Factors		32
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		32
Item 6.	Exhibits		33
SIGNATURES			34
EXHIBITS INDEX AND EXHIBITS			35

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,
	2012			2013
Sales	$	765,264		$	747,577
Cost of products sold		643,606			627,264
Gross profit		121,658			120,313
Selling, administration & engineering expenses		72,040			75,094
Amortization of intangibles		3,833			3,891
Restructuring		6,094			4,760
Operating profit		39,691			36,568
Interest expense, net of interest income		(11,187	)		(11,207	)
Equity earnings		757			2,735
Other income (expense), net		2,947			(332	)
Income before income taxes		32,208			27,764
Provision for income tax expense		8,062			7,891
Consolidated net income		24,146			19,873
Net (income) loss attributable to noncontrolling interests		(359	)		828
Net income attributable to Cooper-Standard Holdings Inc.	$	23,787		$	20,701
Net income available to Cooper-Standard Holdings Inc. common stockholders	$	17,186		$	15,300
Earnings per share
Basic	$	0.97		$	0.92
Diluted	$	0.90		$	0.86
Comprehensive income	$	40,144		$	11,943
Comprehensive (income) loss attributable to noncontrolling interests		(732	)		958
Comprehensive income attributable to Cooper-Standard Holdings Inc.	$	39,412		$	12,901

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,			March 31,
	2012			2013
				(unaudited)
Assets
Current assets:
Cash and cash equivalents	$	270,555		$	216,713
Accounts receivable, net		350,013			404,862
Tooling receivable		116,947			133,124
Inventories		143,253			162,920
Prepaid expenses		21,902			27,481
Other		87,802			83,261
Total current assets		990,472			1,028,361
Property, plant and equipment, net		628,608			624,708
Goodwill		133,716			133,242
Intangibles, net		116,724			113,151
Deferred tax assets		72,718			69,960
Other assets		83,739			86,044
	$	2,025,977		$	2,055,466
Liabilities and Equity
Current liabilities:
Debt payable within one year	$	32,556		$	34,880
Accounts payable		271,355			281,017
Payroll liabilities		102,857			116,315
Accrued liabilities		80,148			89,948
Total current liabilities		486,916			522,160
Long-term debt		450,809			450,784
Pension benefits		201,104			197,409
Postretirement benefits other than pensions		69,142			67,965
Deferred tax liabilities		10,801			9,052
Other liabilities		42,131			42,447
Total liabilities		1,260,903			1,289,817
Redeemable noncontrolling interests		14,194			13,463
7% Cumulative participating convertible preferred stock, $0.001 par value, 10,000,000 shares authorized at December 31, 2012, and March 31, 2013; 964,247 shares issued and 958,333 outstanding at December 31, 2012 and 964,247 shares issued and 957,017 outstanding at March 31, 2013		121,649			121,997
Equity:
Common stock, $0.001 par value, 190,000,000 shares authorized at December 31, 2012 and March 31, 2013; 18,426,831 shares issued and 17,275,852 outstanding at December 31, 2012 and 18,406,489 shares issued and 16,958,820 outstanding at March 31, 2013		16			16
Additional paid-in capital		471,851			466,903
Retained earnings		201,907			216,647
Accumulated other comprehensive loss		(45,448	)		(53,248	)
Total Cooper-Standard Holdings Inc. equity		628,326			630,318
Noncontrolling interests		905			(129	)
Total equity		629,231			630,189
Total liabilities and equity	$	2,025,977		$	2,055,466

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,
	2012			2013
Operating Activities:
Consolidated net income	$	24,146		$	19,873
Adjustments to reconcile consolidated net income to net cash used in operating activities:
Depreciation		27,784			25,956
Amortization of intangibles		3,833			3,891
Non-cash restructuring charges		258			87
Amortization of debt issuance cost		316			316
Stock-based compensation expense		4,825			3,800
Changes in operating assets and liabilities		(95,764	)		(67,224	)
Net cash used in operating activities		(34,602	)		(13,301	)
Investing activities:
Capital expenditures, including other intangible assets		(29,198	)		(34,269	)
Acquisition of businesses, net of cash acquired		(1,675	)		—
Return on equity investments		—			2,120
Proceeds from sale of fixed assets		4,230			218
Net cash used in investing activities		(26,643	)		(31,931	)
Financing activities:
Increase in short term debt, net		2,433			4,897
Cash dividends paid		(1,655	)		(1,651	)
Principal payments on long-term debt		(1,799	)		(1,763	)
Purchase of noncontrolling interest		—			(1,911	)
Repurchase of preferred stock		(4,870	)		—
Repurchase of common stock		—			(11,098	)
Other		16			(8	)
Net cash used in financing activities		(5,875	)		(11,534	)
Effects of exchange rate changes on cash and cash equivalents		1,329			2,924
Changes in cash and cash equivalents		(65,791	)		(53,842	)
Cash and cash equivalents at beginning of period		361,745			270,555
Cash and cash equivalents at end of period	$	295,954		$	216,713

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 15, 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 fluid handling, body sealing, 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 2012 Annual Report on Form 10-K, 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, 2013 are not necessarily indicative of results for the full year.

Recent accounting pronouncements

In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. This ASU requires companies to present the effects on the line items of net income of significant amounts reclassified out of accumulated other comprehensive income, but only if the item reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. The guidance is effective for fiscal years beginning after December 15, 2012. The Company adopted this guidance effective January 1, 2013. The effects of adoption were not significant and the additional required disclosures are included in Note 8. “Accumulated Other Comprehensive Loss, Equity and Redeemable Noncontrolling Interests.”

In July 2012, the FASB issued ASU 2012-02, Intangibles-Goodwill and Other (Topic 350): Testing Indefinite-lived Intangible Assets for Impairment. This ASU permits companies to assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired before performing the quantitative impairment test. This ASU is effective for fiscal years beginning after September 15, 2012 (early adoption is permitted). The Company adopted this guidance effective January 1, 2013. The impact of the adoption of this ASU did not have a material impact on the 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, 2013 are summarized as follows:

	North America			International			Total
Balance at January 1, 2013	$	115,420		$	18,296		$	133,716
Foreign exchange translation		(101	)		(373	)		(474	)
Balance at March 31, 2013	$	115,319		$	17,923		$	133,242

Goodwill is not amortized but is tested for impairment, either annually or when events or circumstances indicate that impairment may exist, by reporting units determined in accordance with ASC 350, “Goodwill and Other Intangible Assets.”

6

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 15, per share and share amounts)

The following table presents intangible assets and accumulated amortization balances of the Company as of December 31, 2012 and March 31, 2013, respectively:

	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted Average Useful Life (Years)
Customer relationships	$	135,741	$	(34,184	)	$	101,557		7.7
Developed technology		9,574		(4,143	)		5,431		3.9
Other		10,337		(601	)		9,736
Balance at December 31, 2012	$	155,652	$	(38,928	)	$	116,724		7.1
Customer relationships	$	136,115	$	(37,637	)	$	98,478		7.4
Developed technology		9,461		(4,491	)		4,970		3.7
Other		10,434		(731	)		9,703
Balance at March 31, 2013	$	156,010	$	(42,859	)	$	113,151		6.9

Amortization expense totaled $3,833 and $3,891 for the three months ended March 31, 2012 and 2013, respectively. Amortization expense is estimated to be approximately $15,500 for the year ending December 31, 2013.

3. Restructuring

The Company implemented several restructuring initiatives in prior years in connection with the closure or consolidation of facilities in North America, Europe, South America, Australia and Asia. The Company also implemented a restructuring initiative that involved the reorganization of the Company’s operating structure. The Company commenced these initiatives prior to December 31, 2010 and continued to execute these initiatives through March 31, 2013. 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 total expense incurred related to these actions amounted to $303 and $126 for the three months ended March 31, 2012 and 2013, respectively. As of March 31, 2013 there is a liability of $130 associated with these initiatives recorded on the Company’s condensed consolidated balance sheet.

In the first quarter of 2011, the Company initiated the closure of a facility in North America and announced the decision to establish a centralized shared services function in Europe. The majority of the costs have been recognized, however, the Company continues to incur costs on some of the initiatives related principally to the disposal of the respective facilities. The Company has recognized $11,519 of costs related to these initiatives. The following table summarizes the activity for these initiatives for the three months ended March 31, 2012 and 2013:

	Employee			Other
	Separation			Exit			Asset
	Costs			Costs			Impairments			Total
Balance at January 1, 2012	$	3,443		$	848		$	—		$	4,291
Expense		237			1,152			258			1,647
Cash payments		(353	)		(2,000	)		—			(2,353	)
Utilization of reserve		—			—			(258	)		(258	)
Balance at March 31, 2012	$	3,327		$	—		$	—		$	3,327

	Employee		Other
	Separation		Exit			Asset
	Costs		Costs			Impairments			Total
Balance at January 1, 2013	$	—	$	—		$	—		$	—
Expense		—		197			87			284
Cash payments		—		(197	)		—			(197	)
Utilization of reserve		—		—			(87	)		(87	)
Balance at March 31, 2013	$	—	$	—		$	—		$	—

7

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 15, per share and share amounts)

An other postretirement benefit curtailment gain of $1,539 for the three months ended March 31, 2012 resulted from the closure of a U.S. facility and was recorded as a reduction to restructuring expense.

In the second quarter of 2011, the Company initiated the reorganization of the Company’s French body sealing operations in relation to the joint venture agreement with Fonds de Modernisation des Equipementiers Automobiles (“FMEA”). The majority of the costs have been recognized, however, additional costs may be incurred. The Company has recognized $51,150 of costs related to this initiative. The following table summarizes the activity for this initiative for the three months ended March 31, 2012 and 2013:

	Employee			Other
	Separation			Exit			Asset
	Costs			Costs			Impairments		Total
Balance at January 1, 2012	$	23,228		$	—		$	—	$	23,228
Expense		(35	)		832			—		797
Cash payments and foreign exchange translation		(3,783	)		(832	)		—		(4,615	)
Balance at March 31, 2012	$	19,410		$	—		$	—	$	19,410

	Employee			Other
	Separation			Exit			Asset
	Costs			Costs			Impairments		Total
Balance at January 1, 2013	$	2,054		$	—		$	—	$	2,054
Expense		145			580			—		725
Cash payments and foreign exchange translation		(452	)		(580	)		—		(1,032	)
Balance at March 31, 2013	$	1,747		$	—		$	—	$	1,747

During 2012, the Company initiated the restructuring of facilities in Europe to change the Company’s European footprint to improve the Company’s operating performance. The majority of the costs have been recognized, however, additional costs may be incurred. The Company has recognized $22,756 of costs related to this initiative. The following table summarizes the activity for this initiative for the three months ended March 31, 2013:

	Employee			Other
	Separation			Exit		Asset
	Costs			Costs		Impairments		Total
Balance at January 1, 2013	$	13,507		$	—	$	—	$	13,507
Expense		2,004			—		—		2,004
Cash payments and foreign exchange translation		(6,621	)		—		—		(6,621	)
Balance at March 31, 2013	$	8,890		$	—	$	—	$	8,890

In the first quarter of 2013, the Company eliminated certain positions within the organization that resulted in restructuring expense of $1,621. As of March 31, 2013 there is a liability of $1,621 associated with this initiative recorded on the Company’s condensed consolidated balance sheet. No additional expense is expected to be incurred related to this initiative.

8

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 15, per share and share amounts)

4. Inventories

Inventories were comprised of the following at December 31, 2012 and March 31, 2013:

	December 31,		March 31,
	2012		2013
Finished goods	$	37,415	$	40,898
Work in process		32,383		35,638
Raw materials and supplies		73,455		86,384
Inventories	$	143,253	$	162,920

5. Debt

Outstanding debt consisted of the following at December 31, 2012 and March 31, 2013:

	December 31,			March 31,
	2012			2013
Senior notes	$	450,000		$	450,000
Other borrowings		33,365			35,664
Total debt	$	483,365		$	485,664
Less current portion		(32,556	)		(34,880	)
Total long-term debt	$	450,809		$	450,784

Senior ABL Facility

The Company’s senior secured asset-based revolving credit facility (“the Senior ABL Facility”) provides for an aggregate revolving loan availability of up to $125,000, subject to borrowing base availability, including a $45,000 letter of credit sub-facility and a $20,000 swing line sub-facility. The Senior ABL Facility also provides for an uncommitted $25,000 incremental loan facility, for a potential total Senior ABL Facility of $150,000 (if requested by the borrowers and any existing lenders or new 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. As of March 31, 2013, no amounts were drawn under the Senior ABL Facility, but there was approximately $26,976 of letters of credit outstanding.

On April 8, 2013 the Company entered into the Amended and Restated Senior ABL Facility, with certain lenders, which amended and restated the existing Senior ABL Facility. The Amended and Restated Senior ABL Facility provides for an aggregate revolving loan availability of up to $150,000, subject to borrowing base availability, including a $50,000 letter of credit sub-facility and a $25,000 swing line sub-facility. The Amended and Restated Senior ABL Facility also provides 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) is required to effect any such increase.

9

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 15, per share and share amounts)

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, 2012 and 2013 for the Company’s defined benefit plans and other postretirement benefit plans:

	Pension Benefits
	Three Months Ended March 31,
	2012						2013
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	287		$	803		$	305		$	888
Interest cost		3,476			1,972			3,052			1,710
Expected return on plan assets		(3,868	)		(1,003	)		(4,342	)		(949	)
Amortization of prior service cost and recognized actuarial loss		124			95			344			330
Net periodic benefit cost (gain)	$	19		$	1,867		$	(641	)	$	1,979

	Other Postretirement Benefits
	Three Months Ended March 31,
	2012					2013
	U.S.			Non-U.S.		U.S.			Non-U.S.
Service cost	$	136		$	192	$	147		$	168
Interest cost		449			210		407			188
Amortization of prior service cost (credit) and recognized actuarial (gain) loss		(444	)		34		(281	)		(36	)
Other		19			—		6			—
Curtailment gain		(1,539	)		—		—			—
Net periodic benefit cost (gain)	$	(1,379	)	$	436	$	279		$	320

The curtailment gain for the three months ended March 31, 2012 in the table above resulted from the closure of a U.S. facility and was recorded as a reduction to restructuring expense.

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, 2013, was 28% as compared to 25% for the three months ended March 31, 2012. The effective tax rate for the three months ended March 31, 2013 varies from statutory rates due to a discrete benefit for the effect of the American Taxpayer Relief Act of 2012 which retroactively reinstated the Federal Research and Development Tax Credit (as signed into law in early 2013), as well as the exclusion from U.S. federal taxable income of certain interest, dividends, rents, and royalty income of foreign affiliates, and the benefits of the credits with that income. Additionally, the income tax rate varies from statutory rates due to income taxes on foreign earnings taxed at rates lower than 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 15, per share and share amounts)

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

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

	Cumulative currency translation adjustment			Benefit plan liability			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)		(9,292	)		1,008			484			(7,800	)
Balance at March 31, 2013	$	9,028		$	(63,010	)	$	734		$	(53,248	)

Amounts in parentheses indicate debits.

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

Details about accumulated other comprehensive loss components	Gain (loss) reclassified			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		Cost of products sold
		10		Income before income taxes
		(3	)	Provision for income tax expense
	$	7		Consolidated net income
Amortization of defined benefit and other postretirement benefit plans
Prior service credits	$	159	1
Actuarial losses		(472	) 1
		(313	)	Income before income taxes
		97		Benefit for income tax expense
	$	(216	)	Consolidated net income
Total reclassifications for the period	$	(209	)

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.)

11

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 15, per share and share amounts)

The following table summarizes the Company’s equity and redeemable noncontrolling interest activity for the three months ended March 31, 2013:

	Cooper- Standard Holdings Inc.			Noncontrolling Interest			Total Equity			Redeemable Noncontrolling Interests
Equity at January 1, 2013	$	628,326		$	905		$	629,231		$	14,194
Net income (loss)		20,701			(8	)		20,693			(820	)
Preferred stock dividends		(1,677	)		—			(1,677	)		—
Repurchase common stock		(11,098	)		—			(11,098	)		—
Other comprehensive loss		(7,800	)		—			(7,800	)		(130	)
Stock-based compensation		2,970			—			2,970			—
Accretion of redeemable noncontrolling interests		(219	)		—			(219	)		219
Purchase of noncontrolling interest		(885	)		(1,026	)		(1,911	)		—
Equity at March 31, 2013	$	630,318		$	(129	)	$	630,189		$	13,463

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

Basic net income per share attributable to Cooper-Standard Holdings Inc. was computed using the two-class method by dividing net income attributable to Cooper-Standard Holdings Inc., after deducting dividends on the Company’s 7% preferred stock, premium paid for redemption of preferred stock and undistributed earnings allocated to participating securities, by the weighted average number of common shares outstanding during the period excluding unvested restricted shares. The Company’s shares of 7% preferred stock outstanding are considered participating securities. A summary of information used to compute basic net income per share attributable to Cooper-Standard Holdings Inc. is shown below:

	Three Months Ended March 31,
	2012			2013
Net income attributable to Cooper-Standard Holdings Inc.	$	23,787		$	20,701
Less: Preferred stock dividends (paid or unpaid)		(1,689	)		(1,677	)
Less: Premium paid for redemption of preferred stock		(974	)		—
Less: Undistributed earnings allocated to participating securities		(3,938	)		(3,724	)
Net income available to Cooper-Standard Holdings Inc. common stockholders	$	17,186		$	15,300
Weighted average shares of common stock outstanding		17,705,918			16,621,120
Basic net income per share attributable to Cooper-Standard Holdings Inc.	$	0.97		$	0.92

Diluted net income per share attributable to Cooper-Standard Holdings Inc. was computed using the treasury stock method dividing net income attributable 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. Diluted net income per share attributable to Cooper-Standard Holdings Inc. computed using the two-class method was anti-dilutive. A summary of information used to compute diluted net income per share attributable to Cooper-Standard Holdings Inc. is shown below:

	Three Months Ended March 31,
	2012		2013
Net income available to Cooper-Standard Holdings Inc. common stockholders	$	17,186	$	15,300
Weighted average common shares outstanding		17,705,918		16,621,120
Dilutive effect of:
Common restricted stock		336,363		252,817
Preferred restricted stock		66,947		32,315
Warrants		825,988		693,043
Options		151,584		112,083
Weighted average dilutive shares of common stock outstanding		19,086,800		17,711,378
Diluted net income per share attributable to Cooper-Standard Holdings Inc.	$	0.90	$	0.86

12

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 15, per share and share amounts)

The effect of certain common stock equivalents, including the convertible preferred stock and options, were excluded from the computation of weighted average diluted shares outstanding for the three months ended March 31, 2012 and 2013, as inclusion would have resulted in antidilution. A summary of these preferred shares (as if converted) and options are shown below:

	Three Months Ended March 31,
	2012	2013
Number of options	252,401	471,898
Exercise price	$43.50-46.75	$43.50-52.50
Preferred shares, as if converted	4,057,316	4,045,852
Preferred dividends, undistributed earnings and premium allocated to participating securities that would be added back in the diluted calculation	$6,601	$5,401

10. Redeemable Preferred Stock

The following table summarizes the Company’s 7% preferred stock activity for the three months ended March 31, 2013:

	Preferred Shares			Preferred Stock
Balance at January 1, 2013		958,333		$	121,649
Stock-based compensation		—			405
Repurchased preferred stock shares		(318	)		(57	)
Forfeited shares		(998	)		—
Balance at March 31, 2013		957,017		$	121,997

11. Stock-Based Compensation

On May 27, 2010, the Company adopted the 2010 Cooper-Standard Holdings, Inc. Management Incentive Plan. In 2011, the Company adopted the 2011 Omnibus Incentive Plan, which amended, restated and replaced the 2010 Cooper-Standard Holdings, Inc. Management Incentive Plan. Under these plans, stock options, restricted common stock, restricted preferred stock, unrestricted common stock and restricted stock units have been granted to key employees and directors. Total compensation expense recognized for the three months ended March 31, 2012 and 2013 totaled $4,825 and $3,800, respectively.

12. Other Income (Expense), Net

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

	Three Months Ended March 31,
	2012			2013
Foreign currency gains (losses)	$	(603	)	$	260
Unrealized gains (losses) related to forward contracts		2,834			(188	)
Loss on sale of receivables		(204	)		(373	)
Miscellaneous income (expense)		920			(31	)
Other income (expense), net	$	2,947		$	(332	)

13

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 15, per share and share amounts)

13. Related Party Transactions

Sales to NISCO, a 40% owned joint venture, totaled $12,241 and $11,570 for the three months ended March 31, 2012 and 2013, respectively. In March 2012, the Company received from NISCO a dividend of $800, all of which was related to earnings. 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 of capital.

Purchases of materials from Guyoung Technology Co. Ltd, a Korean corporation of which the Company owns approximately 20% of the common stock, totaled $873 and $690 for the three months ended March 31, 2012 and 2013, respectively.

14. Business Segments

ASC 280, “Segment Reporting,” establishes the standards for reporting information about operating segments in financial statements. In applying the criteria set forth in ASC 280, the Company has determined that it operates in two segments, North America and International. The Company’s principal product lines within each of these segments are body and chassis products and fluid handling products. 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.

The Company intends to revise its segment disclosures beginning with the second quarter of 2013 from the two segments described above to four reportable segments, North America, Europe, South America and Asia Pacific. The Company organized, managed and reported its global business operations through the two geographic regions in the first quarter of 2013. In April 2013, the Company initiated a process of accumulating, summarizing and analyzing financial information under the four reportable segments. This new financial information will be used by management and the Company will modify its segment reporting starting in the second quarter of 2013.

14

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 15, per share and share amounts)

The following table details information on the Company’s business segments:

	Three Months Ended March 31,
	2012			2013
Sales to external customers
North America	$	388,135		$	382,808
International		377,129			364,749
Consolidated	$	765,264		$	747,557
Intersegment sales
North America	$	2,003		$	3,734
International		3,069			3,397
Eliminations and other		(5,072	)		(7,131	)
Consolidated	$	—		$	—
Segment profit (loss)
North America	$	38,005		$	33,806
International		(5,797	)		(6,042	)
Income before income taxes	$	32,208		$	27,764
Restructuring cost included in segment profit (loss)
North America	$	4,700		$	1,784
International		1,394			2,976
Consolidated	$	6,094		$	4,760

	December 31, 2012		March 31, 2013
Segment assets
North America	$	772,269	$	819,632
International		962,398		964,137
Eliminations and other		291,310		271,697
Consolidated	$	2,025,977	$	2,055,466

15. Guarantor and Non-Guarantor Subsidiaries

In connection with the May 27, 2010 Reorganization of the Company, Cooper-Standard Automotive Inc. (the “Issuer”), a wholly-owned subsidiary of Cooper-Standard Holdings Inc., issued 8 ¹/2% 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.

15

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 15, per share and share amounts)

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

Three Months Ended March 31, 2012

	Parent		Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated Totals
	(dollar amounts in millions)
Sales	$	—	$	147.4		$	163.1		$	503.3		$	(48.5	)	$	765.3
Cost of products sold		—		122.0			139.3			430.8			(48.5	)		643.6
Selling, administration, & engineering expenses		—		33.1			1.0			37.9			—			72.0
Amortization of intangibles		—		2.8			—			1.0			—			3.8
Restructuring		—		—			(0.2	)		6.3			—			6.1
Operating profit (loss)		—		(10.5	)		23.0			27.3			—			39.8
Interest expense, net of interest income		—		(9.3	)		—			(1.9	)		—			(11.2	)
Equity earnings (loss)		—		(0.9	)		1.0			0.7			—			0.8
Other income (expense), net		—		8.2			1.1			(6.4	)		—			2.9
Income (loss) before income taxes		—		(12.5	)		25.1			19.7			—			32.3
Provision for income tax expense (benefit)		—		(1.4	)		3.1			6.4			—			8.1
Income (loss) before equity in income of subsidiaries		—		(11.1	)		22.0			13.3			—			24.2
Equity in net income of subsidiaries		23.8		34.9			—			—			(58.7	)		—
Consolidated net income		23.8		23.8			22.0			13.3			(58.7	)		24.2
Net income attributable to noncontrolling interests		—		—			—			(0.4	)		—			(0.4	)
Net income attributable to Cooper-Standard Holdings Inc.	$	23.8	$	23.8		$	22.0		$	12.9		$	(58.7	)	$	23.8
Comprehensive income	$	39.4	$	39.4		$	22.0		$	28.5		$	(89.2	)	$	40.1
Less: Comprehensive income attributable to noncontrolling interests		—		—			—			(0.7	)		—			(0.7	)
Comprehensive income attributable to Cooper-Standard Holdings Inc.	$	39.4	$	39.4		$	22.0		$	27.8		$	(89.2	)	$	39.4

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

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
Provision (benefit) for income tax expense		—		(2.7	)		5.5		5.1			—			7.9
Income (loss) before equity in income (loss) subsidiaries		—		(11.7	)		24.8		6.8			—			19.9
Equity in net income of subsidiaries		20.7		32.4			—		—			(53.1	)		—
Consolidated net income		20.7		20.7			24.8		6.8			(53.1	)		19.9
Net loss attributable to noncontrolling interest		—		—			—		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 15, per share and share amounts)

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2012

	Parent		Issuer		Guarantors			Non-Guarantors			Eliminations			Consolidated Totals
	(dollar amounts in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	177.5	$	4.4		$	88.7		$	—		$	270.6
Accounts receivable, net		—		54.8		72.6			222.7			—			350.1
Tooling receivable		—		13.4		12.1			91.4			—			116.9
Inventories		—		18.8		28.5			96.0			—			143.3
Prepaid expenses		—		5.9		0.3			15.7			—			21.9
Other		—		35.5		0.6			51.7			—			87.8
Total current assets		—		305.9		118.5			566.2			—			990.6
Investments in affiliates and intercompany accounts, net		628.3		339.7		998.7			(52.9	)		(1,851.6	)		62.2
Property, plant, and equipment, net		—		88.2		56.5			483.9			—			628.6
Goodwill		—		111.1		—			22.6			—			133.7
Other assets		—		80.9		48.2			81.8			—			210.9
	$	628.3	$	925.8	$	1,221.9		$	1,101.6		$	(1,851.6	)	$	2,026.0
LIABILITIES & EQUITY
Current liabilities:
Debt payable within one year	$	—	$	—	$	—		$	32.6		$	—		$	32.6
Accounts payable		—		45.4		41.3			184.7			—			271.4
Accrued liabilities		—		59.1		5.4			118.5			—			183.0
Total current liabilities		—		104.5		46.7			335.8			—			487.0
Long-term debt		—		450.0		—			0.8			—			450.8
Other liabilities		—		167.4		(0.2	)		156.0			—			323.2
Total liabilities		—		721.9		46.5			492.6			—			1,261.0
Redeemable noncontrolling interests		—		—		—			14.2			—			14.2
Preferred stock		—		121.6		—			—			—			121.6
Total Cooper-Standard Holdings Inc. equity		628.3		82.3		1,175.4			593.9			(1,851.6	)		628.3
Noncontrolling interests		—		—		—			0.9			—			0.9
Total equity		628.3		82.3		1,175.4			594.8			(1,851.6	)		629.2
Total liabilities and equity	$	628.3	$	925.8	$	1,221.9		$	1,101.6		$	(1,851.6	)	$	2,026.0

17

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 15, per share and share amounts)

CONDENSED CONSOLIDATING BALANCE SHEET

March 31, 2013

	Parent		Issuer		Guarantors			Non-Guarantors			Eliminations			Consolidated Totals
	(dollar amounts in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	152.8	$	—		$	63.9		$	—		$	216.7
Accounts receivable, net		—		64.4		81.1			259.4			—			404.9
Tooling receivable		—		18.3		14.6			100.2			—			133.1
Inventories		—		20.8		31.7			110.4			—			162.9
Prepaid expenses		—		4.3		0.4			22.8			—			27.5
Other		—		35.6		(1.0	)		48.7			—			83.3
Total current assets		—		296.2		126.8			605.4			—			1,028.4
Investments in affiliates and intercompany accounts, net		630.3		292.9		1,066.6			(73.6	)		(1,856.1	)		60.1
Property, plant, and equipment, net		—		90.3		56.2			478.2			—			624.7
Goodwill		—		111.1		—			22.1			—			133.2
Other assets		—		131.7		0.1			77.3			—			209.1
	$	630.3	$	922.2	$	1,249.7		$	1,109.4		$	(1,856.1	)	$	2,055.5
LIABILITIES & EQUITY
Current liabilities:
Debt payable within one year	$	—	$	—	$	—		$	34.9		$	—		$	34.9
Accounts payable		—		47.7		45.3			188.0			—			281.0
Accrued liabilities		—		78.3		4.3			123.7			—			206.3
Total current liabilities		—		126.0		49.6			346.6			—			522.2
Long-term debt		—		450.0		—			0.8			—			450.8
Other liabilities		—		164.4		(0.1	)		152.5			—			316.8
Total liabilities		—		740.4		49.5			499.9			—			1,289.8
Redeemable noncontrolling interests		—		—		—			13.5			—			13.5
Preferred stock		—		122.0		—			—			—			122.0
Total Cooper-Standard Holdings Inc. equity		630.3		59.8		1,200.2			596.1			(1,856.1	)		630.3
Noncontrolling interests		—		—		—			(0.1	)		—			(0.1	)
Total equity		630.3		59.8		1,200.2			596.0			(1,856.1	)		630.2
Total liabilities and equity	$	630.3	$	922.2	$	1,249.7		$	1,109.4		$	(1,856.1	)	$	2,055.5

18

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 15, per share and share amounts)

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Three Months Ended March 31, 2012

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations		Consolidated Totals
	(dollar amounts in millions)
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	$	1.7		$	1.0		$	(0.5	)	$	(36.8	)	$	—	$	(34.6	)
INVESTING ACTIVITIES
Capital expenditures, including other intangible assets		—			(6.5	)		(3.5	)		(19.2	)		—		(29.2	)
Acquisition of businesses, net of cash acquired		—			—			—			(1.7	)		—		(1.7	)
Proceeds from the sale of assets		—			—			4.0			0.3			—		4.3
Net cash provided by (used in) investing activities		—			(6.5	)		0.5			(20.6	)		—		(26.6	)
FINANCING ACTIVITIES
Increase in short-term debt		—			—			—			2.4			—		2.4
Principal payments on long-term debt		—			—			—			(1.8	)		—		(1.8	)
Repurchase of preferred stock		—			(4.9	)		—			—			—		(4.9	)
Other		(1.7	)		(1.5	)		—			1.6			—		(1.6	)
Net cash provided by (used in) financing activities		(1.7	)		(6.4	)		—			2.2			—		(5.9	)
Effects of exchange rate changes on cash		—			—			—			1.4			—		1.4
Changes in cash and cash equivalents		—			(11.9	)		—			(53.8	)		—		(65.7	)
Cash and cash equivalents at beginning of period		—			189.6			—			172.1			—		361.7
Cash and cash equivalents at end of period	$	—		$	177.7		$	—		$	118.3		$	—	$	296.0
Depreciation and amortization	$	—		$	7.3		$	3.9		$	20.4		$	—	$	31.6

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

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, including other intangible assets		—			(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		—			—			—			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

19

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 15, per share and share amounts)

16. Financial Instruments

Fair values of the Senior Notes approximated $480,938 and $487,125 at December 31, 2012 and March 31, 2013, 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 redeemable preferred stock approximated $169,193 and $184,967 at December 31, 2012 and March 31, 2013, respectively, compared to the recorded values of $121,649 and $121,997 at December 31, 2012 and March 31, 2013, respectively. This fair value measurement is classified within Level 3 of the fair value hierarchy.

The Company completed an agreement with 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 percent ownership and FMEA has 49 percent ownership. 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 percent 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 a formula described above. The Company records the noncontrolling interests 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, which resulted in accretion of $219 for the three months ended March 31, 2013. Such accretion amounts are recorded as increases to redeemable noncontrolling interests with offsets to equity. According to authoritative accounting guidance, the redeemable noncontrolling interest is classified outside of permanent equity, in mezzanine equity, on the Company’s condensed consolidated balance sheets. As of March 31, 2013 the estimated redemption value of the put option is $10,290. The redemption amount 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, 2013 there was no difference between redemption value and fair value.

Derivative Instruments and Hedging Activities

The Company uses derivative financial instruments, including forwards 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 income (“AOCI”) 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 AOCI 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.

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 15, per share and share amounts)

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, accrued liabilities and other long-term 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, the Romanian Leu against the Euro and the Euro against the Polish Zloty and 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, 2013, the notional amount of these contracts was $18,520. The fair values of these contracts at March 31, 2013 were $563 in the asset position recorded in other current assets and $14 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 AOCI and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. The amount reclassified from AOCI into cost of products sold was $(50) for the three months ended March 31, 2013. These foreign currency derivative contracts consist of hedges of transactions up to December 2013.

Interest rate swaps – The Company has an interest rate swap contract to manage cash flow fluctuations of variable rate debt due to changes in market interest rates. This contract which fixes the interest payment of a certain variable rate debt instrument is accounted for as a cash flow hedge. As of March 31, 2013, the USD notional amount of this contract was $1,032. At March 31, 2013, the fair value before taxes of the Company’s interest rate swap contract was a liability of $40 and is recorded in accrued liabilities in the Company’s condensed consolidated balance sheet with the offset reflected in AOCI, net of deferred taxes. The amount reclassified from AOCI into interest expense for this swap was $53 and $40 for the three months ended March 31, 2012 and 2013, respectively. The amount to be reclassified in the next twelve months is expected to be approximately $40. The maturity date of this swap contract is September 2013.

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. At March 31, 2013, the fair value of the Company’s undesignated derivative forward contracts was a net liability of $211 and is recorded in other current assets, accrued liabilities and other long-term 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 gain (loss) for the three months ended March 31, 2012 and 2013 was $2,834 and $(188), 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.

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 15, per share and share amounts)

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, 2012 and March 31, 2013, are shown below:

	December 31, 2012
Contract	Asset (Liability)			Level 1		Level 2			Level 3
Interest rate swap	$	(68	)	$	—	$	(68	)	$	—
Forward foreign exchange contracts		(29	)		—		(29	)		—
Total	$	(97	)	$	—	$	(97	)	$	—
	March 31, 2013
Contract	Asset (Liability)			Level 1		Level 2			Level 3
Interest rate swap	$	(40	)	$	—	$	(40	)	$	—
Forward foreign exchange contracts		338			—		338			—
Total	$	298		$	—	$	298		$	—

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.”

17. 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 credit agreement.

At March 31, 2012 and 2013, the Company had $85,678 and $89,015, respectively, outstanding under receivable transfer agreements without recourse entered into by various locations. The total amount of accounts receivable factored was $92,647 and $113,402 for the three months ended March 31, 2012 and 2013, respectively. Costs incurred on the sale of receivables were $609 and $645 for the three months ended March 31, 2012 and 2013, 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, 2012 and 2013, the Company had $17,552 and $15,197, 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 $24,539 and $22,712 for the three months ended March 31, 2012 and 2013, respectively. Costs incurred on the sale of receivables were $110 and $84 for the three months ended March 31, 2012 and 2013, 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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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

(Unaudited)

(Dollar amounts in thousands except Note 15, per share and share amounts)

18. Subsequent Events

Senior PIK Toggle Notes due 2018

On April 3, 2013, Cooper-Standard Holdings Inc. issued $175,000 aggregate principal amount of its Senior PIK Toggle Notes due 2018 (the “Senior PIK Toggle Notes”) at an issue price to the public of 99.5%. Net proceeds were $171,063, which consisted of $175,000 of gross proceeds less $3,063 representing the discount payable to the initial purchasers with respect to the offering of the Senior PIK Toggle Notes and less the $875 issue price discount. The Senior PIK Toggle Notes were issued in a private placement exempt from registration under the Securities Act of 1933, as amended. The Senior PIK Toggle Notes were issued pursuant to an indenture dated as of April 3, 2013 between Cooper-Standard Holdings Inc. and U.S. Bank National Association, as trustee.

Escrow of Proceeds; Special Mandatory Redemption. Cooper-Standard Holdings Inc. deposited the proceeds of the Senior PIK Toggle Notes offering, together with additional cash on hand, into a segregated escrow account. Escrowed funds will be released to Cooper-Standard Holdings Inc. upon satisfaction or waiver, as applicable, of the escrow release condition that $150,000 in value of the shares of Cooper-Standard Holdings Inc.’s common stock is validly tendered and not validly withdrawn in the Equity Tender Offer (as defined below) on or before July 1, 2013. During the second quarter, the escrow release condition was satisfied and the funds were released and were used to finance, in part, the purchase of shares pursuant to the Equity Tender Offer and pay related fees and expenses.

Equity Tender Offer

On April 5, 2013, the Company commenced a cash tender offer to purchase up to 4,651,162 shares of its common stock at a price of $43.00 per share (the “Equity Tender Offer”). During the second quarter, the Company purchased 4,651,162 shares pursuant to the Equity Tender Offer at a purchase price of $43.00 per share for an aggregate purchase price of approximately $200,000. The Company used the proceeds from the issuance of the Senior PIK Toggle Notes (described above), together with cash on hand, to finance the purchase of shares pursuant to the Equity Tender Offer.

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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 (“MD&A”) 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”) and in our most recently filed Annual Report on Form 10-K (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 Brazil and Asia Pacific. New vehicle demand is driven by macro-economic and other factors, such as interest rates, fuel prices, consumer confidence, employment levels, income growth trends, as well as manufacturer and dealer sales incentives.

Details on light vehicle production in certain regions for the three months ended March 31, 2012 and 2013 are provided in the following table:

(In millions of units)	2012(1,2)		2013(1)		% Change
North America		4.0		3.9		(0.7	)%
Europe		5.2		4.8		(8.7	)%
South America		1.0		1.0		5.4	%
Asia Pacific		10.4		10.7		2.7	%

(1) Production data based on IHS Automotive, March 2013.

(2) Production data for 2012 has been updated to reflect actual production levels.

The expected annualized light vehicle production volumes for 2013, compared to the actual production volumes for 2012 are provided in the following table:

(In millions of units)	2012(1,2)		2013(1)		% Change
North America		15.4		15.9		3.2	%
Europe		19.3		18.7		(3.3	)%
South America		4.3		4.5		3.9	%
Asia Pacific		40.8		42.3		3.8	%

(1) Production data based on IHS Automotive, March 2013.

(2) Production data for 2012 has been updated to reflect actual production levels.

The expected light vehicle production volume for the second quarter of 2013, compared to the actual production volumes for the second quarter of 2012 are provided in the following table:

(In millions of units)	Q2 2012(1)		Q2 2013(1)		% Change
North America		4.0		4.1		3.8	%
Europe		5.0		4.8		(3.3	)%
South America		1.0		1.1		10.1	%
Asia Pacific		10.1		10.3		1.4	%

(1) Production data based on IHS Automotive, March 2013.

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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 fuel economy, emissions and safety.

Pricing pressure has continued as competition for market share has reduced the overall profitability of the industry and resulted in continued pressure on suppliers for price concessions. Consolidations and market share shifts among vehicle manufacturers continues to put additional pressures on the supply chain. These pricing and market pressures will continue to drive our focus on reducing our overall cost structure through lean initiatives, capital redeployment, restructuring and other cost management processes.

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Results of Operations

	Three Months Ended March 31,
	2012			2013
	(dollar amounts in thousands)
Sales	$	765,264		$	747,577
Cost of products sold		643,606			627,264
Gross profit		121,658			120,313
Selling, administration & engineering expenses		72,040			75,094
Amortization of intangibles		3,833			3,891
Restructuring		6,094			4,760
Operating profit		39,691			36,568
Interest expense, net of interest income		(11,187	)		(11,207	)
Equity earnings		757			2,735
Other income (expense), net		2,947			(332	)
Income before income taxes		32,208			27,764
Provision for income tax expense		8,062			7,891
Consolidated net income		24,146			19,873
Net (income) loss attributable to noncontrolling interests		(359	)		828
Net income attributable to Cooper-Standard Holdings Inc.	$	23,787		$	20,701

Three Months Ended March 31, 2013 Compared with Three Months Ended March 31, 2012

Sales. Sales were $747.6 million for the three months ended March 31, 2013 compared to $765.3 million for the three months ended March 31, 2012, a decrease of $17.7 million, or 2.3%. Sales were negatively impacted by decreased volumes, customer price concessions and unfavorable foreign exchange of $4.8 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 $627.3 million for the three months ended March 31, 2013 compared to $643.6 million for the three months ended March 31, 2012, a decrease of $16.3 million or 2.5%. Raw materials comprise the largest component of our cost of products sold and represented 51% and 50% of total cost of products sold for the three months ended March 31, 2012 and 2013, respectively. The period was favorably impacted by lean savings and foreign exchange, partially offset by higher staffing costs and other expenses associated with vehicle launches.

Gross Profit. Gross profit for the three months ended March 31, 2013 was $120.3 compared to $121.7 for the three months ended March 31, 2012, a decrease of $1.4 million or 1.1%. As a percentage of sales, gross profit was 15.9% and 16.1% of sales for the three months ended March 31, 2012 and 2013, respectively. The increase in gross profit margin was driven primarily by the favorable impact of our lean and restructuring savings, partially offset by customer price concessions, higher staffing costs and expenses associated with vehicle launches.

Selling, Administration and Engineering. Selling, administration and engineering expense was $75.1 million or 10% of sales for the three months ended March 31, 2013 compared to $72 million or 9.4% of sales for the three months ended March 31, 2012. The three months ended March 31, 2013 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.

Restructuring. Restructuring charges decreased $1.3 million to $4.8 million for the three months ended March 31, 2013 compared to $6.1 million for the three months ended March 31, 2012. This decrease is due primarily to the timing of our various restructuring initiatives.

Interest Expense, Net. Net interest expense of $11.2 million for the three months ended March 31, 2012 and 2013 resulted primarily from interest and debt issue amortization recorded on the Senior Notes.

Other Income (Expense), Net. Other expense for the three months ended March 31, 2013 was $0.3 million, which consisted primarily of unrealized losses related to forward contracts of $0.2 million, foreign currency gains of $0.3 million and loss on sale of receivables of $0.4 million. Other income for the three months ended March 31, 2012 was $2.9 million, which consisted primarily of unrealized gains related to forward contracts of $2.8 million, foreign currency losses of $0.6 million, loss on sale of receivables of $0.2 million and miscellaneous income of $0.9 million.

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Provision for Income Tax Expense. For the three months ended March 31, 2013, we recorded an income tax provision of $7.9 million on income before income taxes of $27.8 million. This compares to an income tax provision of $8.1 million on income before income taxes of $32.2 million for the same period of 2012. Income tax expense for the three months ended March 31, 2013 differs from statutory rates due to a discrete benefit for the effect of the American Taxpayer Relief Act of 2012 which retroactively reinstated the Federal Research and Development Tax Credit (as signed into law in early 2013), as well as the exclusion from U.S. federal taxable income of certain interest, dividends, rents, and royalty income of foreign affiliates, and the benefits of the credits with that income. Additionally, the income tax rate varies from statutory rates due to income taxes on foreign earnings taxed at rates lower than 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.

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, 2012 and 2013:

	Three Months Ended March 31,
	2012			2013
	(dollar amounts in thousands)
Sales to external customers
North America	$	388,135		$	382,808
International		377,129			364,749
Consolidated	$	765,264		$	747,557
Segment profit (loss)
North America	$	38,005		$	33,806
International		(5,797	)		(6,042	)
Income before income taxes	$	32,208		$	27,764

Three Months Ended March 31, 2013 Compared with Three Months Ended March 31, 2012

North America. Sales for the three months ended March 31, 2013 decreased $5.3 million, or 1.4%, primarily due to a decrease in sales volume and customer price concessions. Segment profit for the three months ended March 31, 2013 decreased by $4.2 million, primarily due to decreased volumes, customer price concessions, higher staffing costs and expenses associated with vehicle launches, partially offset by the favorable impact of our lean savings.

International. Sales decreased $12.4 million, or 3.3%, primarily due to a decrease in sales volume, customer price concessions and unfavorable foreign exchange of $4.7 million. Segment loss increased by $0.2 million, primarily due to decreased volumes, customer price concessions and higher staffing costs, partially offset by the favorable impact of our lean and restructuring savings.

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 Senior ABL Facility in addition to certain receivable factoring. We anticipate that funds generated by operations, cash on hand and funds available under our Senior ABL Facility will be sufficient to meet working capital requirements for the next 12 months. For additional information, see Note 5. “Debt” to the condensed consolidated financial statements.

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 Senior ABL Facility will enable us to meet our working capital, capital expenditures, debt service and other funding requirements for the foreseeable future. However, our ability to fund our working capital needs, debt payments and other obligations, and to comply with the financial covenants,

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including borrowing base limitations, under our Senior ABL Facility, as amended, 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 used in operations was $13.3 million for the three months ended March 31, 2013, which included $67.2 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, partially offset by increased accounts payable and accrued liabilities. Net cash used in operations was $34.6 million for the three months ended March 31, 2012, which included $95.8 million of cash used that related to changes in operating assets and liabilities.

Investing Activities. 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. Net cash used in investing activities was $26.6 million for the three months ended March 31, 2012, which consisted of $29.2 million of capital spending and final payment of $1.7 million related to the acquisition of Sigit S.p.A., offset by proceeds of $4.3 million for the sale of fixed assets. We anticipate that we will spend approximately $165 million on capital expenditures in 2013.

Financing Activities. 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 of $1.6 million, offset by an increase in short-term debt of $4.9 million. Net cash used in financing activities totaled $5.9 million for the three months ended March 31, 2012, which consisted primarily of repurchase of preferred stock of $4.9 million, payments on long-term debt of $1.8 million and payment of cash dividends of $1.6 million, offset by an increase in short-term debt of $2.4 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.

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 provision for 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 and non-cash stock based compensation.

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. generally accepted accounting principles (“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;

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• 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 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 directly comparable financial measure in accordance with U.S. GAAP:

	Three Months Ended March 31,
	2012			2013
	(dollar amounts in millions)
Net income attributable to Cooper-Standard Holdings Inc.	$	23.8		$	20.7
Provision for income tax expense		8.1			7.9
Interest expense, net of interest income		11.2			11.2
Depreciation and amortization		31.6			29.8
EBITDA	$	74.7		$	69.6
Restructuring (1)		6.1			4.8
Noncontrolling interest restructuring (2)		(0.3	)		(0.7	)
Stock-based compensation (3)		2.7			2.7
Other		—			0.3
Adjusted EBITDA	$	83.2		$	76.7

(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.

Recent Accounting Pronouncements

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

29

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 effecting the viability of our customers and financial condition of our customers; global economic uncertainty, particularly in Europe; loss of large customers or significant platforms; 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 lean manufacturing and other cost savings plans; product liability and warranty and recall claims that may be brought against us; work stoppages or other labor conditions; natural disasters; our ability attract and retain key personnel; 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; legal proceedings or commercial and contractual disputes that we may be involved in; the possible volatility of our annual effective tax rate; our ability to generate sufficient cash to service our indebtedness, obtain future financing, and meet dividend obligations on our 7% preferred stock; our underfunded pension plans; 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; the ability of certain stockholders to nominate certain members of the board of directors; and operating and financial restrictions imposed on us by our bond indentures and credit agreement. See Item 1A. Rick Factors, in our 2012 Annual Report on Form 10-K 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.

30

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 2012 Annual Report on Form 10-K.

Item 4. 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 (the “Exchange Act”)) 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. However, 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.

There have been no changes in the Company’s internal control over financial reporting during the quarter ended March 31, 2013 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

31

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. Each of these matters is subject to various uncertainties, and some of these matters may be resolved unfavorably for us. A reserve estimate is established for each matter and updated as additional information becomes available. We do not believe that the ultimate resolution of any of these matters will have a material adverse effect on our business, financial condition or results of operations.

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 2012 Annual Report on Form 10-K (the “Form 10-K”) which could materially impact our business, financial condition or future results. Risks disclosed in the Form 10-K 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 November 9, 2012, 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 $25 million of its outstanding common stock, 7% cumulative participating convertible preferred stock or warrants to purchase common stock. Under the program authorized by the Board of Directors, repurchases were made on the open market or through private transactions, as determined by the Company’s management and in accordance with prevailing market conditions and Securities and Exchange Commission requirements. The Company funded all repurchases from cash on hand. The Board’s authorization terminated on February 14, 2013.

The following table presents repurchases of common stock during the period:

2013	Total Number of Shares Purchased			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		275,000	(1)	$	38.15		275,000	$	0.6
February 1 - February 28		15,580	(2)	$	38.00		15,580	$	—
March 1 - March 31		—		$	—		—	$	—
Total		290,580		$	38.14		290,580	$	—

(1) 275,000 shares of common stock were purchased by the Company under the Program from stockholders in open market transactions.

(2) 15,580 shares of common stock were purchased by the Company under the Program from stockholders in open market transactions.

32

Item 6. Exhibits

Exhibit No.	Description of 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).
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

* Filed herewith.

** Submitted electronically with the Report.

33

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 8, 2013	/S/ JEFFREY S. EDWARDS
Date	Jeffrey S. Edwards President and Chief Executive Officer and Director (Principal Executive Officer)
May 8, 2013	/S/ ALLEN J. CAMPBELL
Date	Allen J. Campbell Chief Financial Officer (Principal Financial Officer)
May 8, 2013	/S/ HELEN T. YANTZ
Date	Helen T. Yantz Controller (Principal Accounting Officer)

34

INDEX TO EXHIBITS

Exhibit No.	Description of 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).
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

* Filed herewith.

** Submitted electronically with the Report.

35

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 8, 2013	By:	/s/ Jeffrey S. Edwards
		Jeffrey S. Edwards
		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 8, 2013	By:	/s/ Allen J. Campbell
		Allen J. Campbell
		Chief 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, 2013 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 8, 2013	By:	/s/ Jeffrey S. Edwards
		Jeffrey S. Edwards
		Chief 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, 2013 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 8, 2013	By:	/s/ Allen J. Campbell
		Allen J. Campbell
		Chief Financial Officer

XML

Goodwill and Intangibles (Details Textual) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Goodwill and Intangibles (Textual) [Abstract]
Amortization expenses	$ 3,891	$ 3,833
Estimated Amortization Expenses	$ 15,500

XML

Redeemable Preferred Stock (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2013
Reconciliation of the Company's 7% preferred stock activity
Beginning balance, Shares	958,333
Beginning balance, Value	$ 121,649
Stock-based compensation, Value	405
Stock-based compensation, shares
Repurchased preferred stock, Shares	(318)
Repurchased preferred stock, Value	(57)
Forfeited, Shares	(998)
Forfeited, Value
Ending balance, Shares	957,017
Ending balance, Value	$ 121,997

XML

Accumulated Other Comprehensive Loss, Equity and Redeemable Noncontrolling Interests (Details 1) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013
Fair value change of derivatives
Fair value change of derivatives, Income before income taxes	$ 10
Fair value change of derivatives, Provision for income tax expense	(3)
Fair value change of derivatives, Consolidated net income	7
Amortization of defined benefit and other postretirement benefit plans
Amortization of defined benefit and other postretirement benefit plans, Prior service credits	159
Amortization of defined benefit and other postretirement benefit plans, Actuarial losses	(472)
Amortization of defined benefit and other postretirement benefit plans, Income before income taxes	(313)
Amortization of defined benefit and other postretirement benefit plans, Provision for income tax expense	97
Amortization of defined benefit and other postretirement benefit plans, Consolidated net income	(216)
Total reclassifications for the period	(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	(40)
Cost of products sold [Member] | Foreign Exchange Contract [Member]
Fair value change of derivatives
Fair value change of derivatives, Income before income taxes	$ 50

XML

Redeemable Preferred Stock (Details Textual)	3 Months Ended
	Mar. 31, 2013	Dec. 31, 2012
Redeemable Preferred Stock (Textual) [Abstract]
Preferred stock dividend rate, percentage	7.00%	7.00%

XML

Income Taxes (Details Textual)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Income Taxes (Textual) [Abstract]
Effective tax rate	28.00%	25.00%

XML

Other Income (Expense), Net (Tables)

3 Months Ended

Mar. 31, 2013

Other Income (Expense), Net [Abstract]

Details of the components of other income (expense), net

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

	Three Months Ended March 31,
	2012			2013
Foreign currency gains (losses)	$	(603	)	$	260
Unrealized gains (losses) related to forward contracts		2,834			(188	)
Loss on sale of receivables		(204	)		(373	)
Miscellaneous income (expense)		920			(31	)
Other income (expense), net	$	2,947		$	(332	)

XML

Other Income (Expense), Net (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Details of the components of other income (expense), net
Foreign currency gains (losses)	$ 260	$ (603)
Unrealized gains (losses) related to forward contracts	(188)	2,834
Loss on sale of receivables	(373)	(204)
Miscellaneous income (expense)	(31)	920
Other income (expense), net	$ (332)	$ 2,947

XML

Goodwill and Intangibles (Tables)

3 Months Ended

Mar. 31, 2013

Goodwill and Intangibles [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, 2013 are summarized as follows:

	North America			International			Total
Balance at January 1, 2013	$	115,420		$	18,296		$	133,716
Foreign exchange translation		(101	)		(373	)		(474	)
Balance at March 31, 2013	$	115,319		$	17,923		$	133,242

Intangible assets and accumulated amortization balances

The following table presents intangible assets and accumulated amortization balances of the Company as of December 31, 2012 and March 31, 2013, respectively:

	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted Average Useful Life (Years)
Customer relationships	$	135,741	$	(34,184	)	$	101,557		7.7
Developed technology		9,574		(4,143	)		5,431		3.9
Other		10,337		(601	)		9,736
Balance at December 31, 2012	$	155,652	$	(38,928	)	$	116,724		7.1
Customer relationships	$	136,115	$	(37,637	)	$	98,478		7.4
Developed technology		9,461		(4,491	)		4,970		3.7
Other		10,434		(731	)		9,703
Balance at March 31, 2013	$	156,010	$	(42,859	)	$	113,151		6.9

XML

Net Income Per Share Attributable to Cooper-Standard Holdings Inc. (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Basic net income per share attributable
Net income attributable to Cooper-Standard Holdings Inc.	$ 20,701	$ 23,787
Less: Preferred stock dividends (paid or unpaid)	(1,677)	(1,689)
Less: Premium paid for redemption of preferred stock		(974)
Less: Undistributed earnings allocated to participating securities	(3,724)	(3,938)
Net income available to Cooper-Standard Holdings Inc. common stockholders	$ 15,300	$ 17,186
Weighted average shares of common stock outstanding	16,621,120	17,705,918
Basic net income per share attributable to Cooper-Standard Holdings Inc.	$ 0.92	$ 0.97

XML

Inventories (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Summary of inventories
Finished goods	$ 40,898	$ 37,415
Work in process	35,638	32,383
Raw materials and supplies	86,384	73,455
Inventories	$ 162,920	$ 143,253

XML

Goodwill and Intangibles (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013
Carrying amount of goodwill by reportable operating segment
Goodwill, Beginning Balance	$ 133,716
Foreign exchange translation	(474)
Goodwill, Ending Balance	133,242
North America [Member]
Carrying amount of goodwill by reportable operating segment
Goodwill, Beginning Balance	115,420
Foreign exchange translation	(101)
Goodwill, Ending Balance	115,319
International [Member]
Carrying amount of goodwill by reportable operating segment
Goodwill, Beginning Balance	18,296
Foreign exchange translation	(373)
Goodwill, Ending Balance	$ 17,923

XML

Net Income Per Share Attributable to Cooper-Standard Holdings Inc. (Details 2) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Preferred shares (as if converted) and options
Preferred dividends, undistributed earnings and premium allocated to participating securities that would be added back in the diluted calculation	$ 5,401	$ 6,601
Stock Options [Member]
Preferred shares (as if converted) and options
Number of Preferred Shares, if converted	471,898	252,401
Stock Options [Member] | Maximum [Member]
Preferred shares (as if converted) and options
Exercise price	$ 52.50	$ 46.75
Stock Options [Member] | Minimum [Member]
Preferred shares (as if converted) and options
Exercise price	$ 43.50	$ 43.50
Convertible Preferred Stock [Member]
Preferred shares (as if converted) and options
Number of Preferred Shares, if converted	4,045,852	4,057,316

XML

Accounts Receivable Factoring (Details Textual) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Accounts Receivable Factoring (Textual) [Abstract]
Amount outstanding under accounts receivable transfer agreements without recourse	$ 89,015	$ 85,678
Total amount of accounts receivable without recourse	113,402	92,647
Loss on the sale of receivables	645	609
Amount outstanding under accounts receivable transfer agreements with recourse	15,197	17,552
Secured debt maturity period	1 year
Total amount of accounts receivable with recourse	22,712	24,539
Loss on sale of receivables with recourse	$ 84	$ 110

XML

Guarantor and Non-Guarantor Subsidiaries (Details) (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Condensed Consolidated Statements of Comprehensive Income [Abstract]
Sales	$ 747,577,000	$ 765,264,000
Cost of products sold	627,264,000	643,606,000
Selling, administration & engineering expenses	75,094,000	72,040,000
Amortization of intangibles	3,891,000	3,833,000
Restructuring cost included in segment profit (loss)	4,760,000	6,094,000
Operating profit (loss)	36,568,000	39,691,000
Interest expense, net of interest income	(11,207,000)	(11,187,000)
Equity earnings (loss)	2,735,000	757,000
Other income (expense), net	(332,000)	2,947,000
Income (loss) before income taxes	27,764,000	32,208,000
Provision (benefit) for income tax expense	7,891,000	8,062,000
Income (loss) before equity in income (loss) subsidiaries	19,900,000	24,200,000
Equity in net income of subsidiaries
Consolidated net income	19,873,000	24,146,000
Net (income) loss attributable to noncontrolling interests	828,000	(359,000)
Net income attributable to Cooper-Standard Holdings Inc.	20,701,000	23,787,000
Comprehensive income	11,943,000	40,144,000
Add/Less: Comprehensive loss attributable to noncontrolling interests	958,000	(732,000)
Comprehensive income attributable to Cooper-Standard Holdings Inc.	12,901,000	39,412,000
Parent [Member]
Condensed Consolidated Statements of Comprehensive Income [Abstract]
Sales
Cost of products sold
Selling, administration & engineering expenses
Amortization of intangibles
Restructuring cost included in segment profit (loss)
Operating profit (loss)
Interest expense, net of interest income
Equity earnings (loss)
Other income (expense), net
Income (loss) before income taxes
Provision (benefit) for income tax expense
Income (loss) before equity in income (loss) subsidiaries
Equity in net income of subsidiaries	20,700,000	23,800,000
Consolidated net income	20,700,000	23,800,000
Net (income) loss attributable to noncontrolling interests
Net income attributable to Cooper-Standard Holdings Inc.	20,700,000	23,800,000
Comprehensive income	12,900,000	39,400,000
Add/Less: Comprehensive loss attributable to noncontrolling interests
Comprehensive income attributable to Cooper-Standard Holdings Inc.	12,900,000	39,400,000
Issuer [Member]
Condensed Consolidated Statements of Comprehensive Income [Abstract]
Sales	145,200,000	147,400,000
Cost of products sold	120,500,000	122,000,000
Selling, administration & engineering expenses	34,800,000	33,100,000
Amortization of intangibles	2,900,000	2,800,000
Restructuring cost included in segment profit (loss)	1,600,000
Operating profit (loss)	(14,600,000)	(10,500,000)
Interest expense, net of interest income	(8,300,000)	(9,300,000)
Equity earnings (loss)	1,000,000	(900,000)
Other income (expense), net	7,500,000	8,200,000
Income (loss) before income taxes	(14,400,000)	(12,500,000)
Provision (benefit) for income tax expense	(2,700,000)	(1,400,000)
Income (loss) before equity in income (loss) subsidiaries	(11,700,000)	(11,100,000)
Equity in net income of subsidiaries	32,400,000	34,900,000
Consolidated net income	20,700,000	23,800,000
Net (income) loss attributable to noncontrolling interests
Net income attributable to Cooper-Standard Holdings Inc.	20,700,000	23,800,000
Comprehensive income	12,900,000	39,400,000
Add/Less: Comprehensive loss attributable to noncontrolling interests
Comprehensive income attributable to Cooper-Standard Holdings Inc.	12,900,000	39,400,000
Guarantors [Member]
Condensed Consolidated Statements of Comprehensive Income [Abstract]
Sales	165,700,000	163,100,000
Cost of products sold	133,200,000	139,300,000
Selling, administration & engineering expenses	3,100,000	1,000,000
Amortization of intangibles
Restructuring cost included in segment profit (loss)	100,000	(200,000)
Operating profit (loss)	29,300,000	23,000,000
Interest expense, net of interest income
Equity earnings (loss)	900,000	1,000,000
Other income (expense), net	100,000	1,100,000
Income (loss) before income taxes	30,300,000	25,100,000
Provision (benefit) for income tax expense	5,500,000	3,100,000
Income (loss) before equity in income (loss) subsidiaries	24,800,000	22,000,000
Equity in net income of subsidiaries
Consolidated net income	24,800,000	22,000,000
Net (income) loss attributable to noncontrolling interests
Net income attributable to Cooper-Standard Holdings Inc.	24,800,000	22,000,000
Comprehensive income	24,800,000	22,000,000
Add/Less: Comprehensive loss attributable to noncontrolling interests
Comprehensive income attributable to Cooper-Standard Holdings Inc.	24,800,000	22,000,000
Non-Guarantors [Member]
Condensed Consolidated Statements of Comprehensive Income [Abstract]
Sales	486,300,000	503,300,000
Cost of products sold	423,200,000	430,800,000
Selling, administration & engineering expenses	37,200,000	37,900,000
Amortization of intangibles	1,000,000	1,000,000
Restructuring cost included in segment profit (loss)	3,000,000	6,300,000
Operating profit (loss)	21,900,000	27,300,000
Interest expense, net of interest income	(2,900,000)	(1,900,000)
Equity earnings (loss)	800,000	700,000
Other income (expense), net	(7,900,000)	(6,400,000)
Income (loss) before income taxes	11,900,000	19,700,000
Provision (benefit) for income tax expense	5,100,000	6,400,000
Income (loss) before equity in income (loss) subsidiaries	6,800,000	13,300,000
Equity in net income of subsidiaries
Consolidated net income	6,800,000	13,300,000
Net (income) loss attributable to noncontrolling interests	800,000	(400,000)
Net income attributable to Cooper-Standard Holdings Inc.	7,600,000	12,900,000
Comprehensive income	1,400,000	28,500,000
Add/Less: Comprehensive loss attributable to noncontrolling interests	1,000,000	(700,000)
Comprehensive income attributable to Cooper-Standard Holdings Inc.	2,400,000	27,800,000
Eliminations [Member]
Condensed Consolidated Statements of Comprehensive Income [Abstract]
Sales	(49,600,000)	(48,500,000)
Cost of products sold	(49,600,000)	(48,500,000)
Selling, administration & engineering expenses
Amortization of intangibles
Restructuring cost included in segment profit (loss)
Operating profit (loss)
Interest expense, net of interest income
Equity earnings (loss)
Other income (expense), net
Income (loss) before income taxes
Provision (benefit) for income tax expense
Income (loss) before equity in income (loss) subsidiaries
Equity in net income of subsidiaries	(53,100,000)	(58,700,000)
Consolidated net income	(53,100,000)	(58,700,000)
Net (income) loss attributable to noncontrolling interests
Net income attributable to Cooper-Standard Holdings Inc.	(53,100,000)	(58,700,000)
Comprehensive income	(40,100,000)	(89,200,000)
Add/Less: Comprehensive loss attributable to noncontrolling interests
Comprehensive income attributable to Cooper-Standard Holdings Inc.	$ (40,100,000)	$ (89,200,000)

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Accumulated Other Comprehensive Loss, Equity and Redeemable Noncontrolling Interests (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013
Changes in Accumulated other comprehensive loss
Cumulative currency translation adjustment, beginning balance	$ 18,320
Benefit plan liability, beginning balance	(64,018)
Fair value change of derivatives, beginning balance	250
Accumulated other comprehensive loss, beginning balance	(45,448)
Other comprehensive income (loss) before reclassifications, Cumulative currency translation adjustment	(9,292)
Other comprehensive income (loss) before reclassifications, Benefit plan liability	792
Other income (loss) before reclassifications, Fair value change of derivatives comprehensive	491
Other comprehensive income (loss) before reclassification, Accumulated other comprehensive loss	(8,009)
Amounts reclassified from accumulated other comprehensive income (loss), Cumulative currency translation adjustment
Amounts reclassified from accumulated other comprehensive income (loss), Benefit plan liability	216
Amounts reclassified from accumulated other comprehensive income (loss), Fair value change of derivatives	(7)
Amounts reclassified from accumulated other comprehensive income (loss)	209
Net current period other comprehensive income (loss), Cumulative currency translation adjustment	(9,292)
Net current period other comprehensive income (loss), Benefit plan liability	1,008
Net current period other comprehensive income (loss), Fair value change of derivatives	484
Net current period other comprehensive income (loss), Accumulated other comprehensive loss	(7,800)
Cumulative currency translation adjustment, Ending balance	9,028
Benefit plan liability, Ending balance	(63,010)
Fair value change of derivatives, Ending balance	734
Accumulated other comprehensive loss, Ending balance	$ (53,248)

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Inventories

3 Months Ended

Mar. 31, 2013

Inventories [Abstract]

Inventories

4. Inventories

Inventories were comprised of the following at December 31, 2012 and March 31, 2013:

	December 31,		March 31,
	2012		2013
Finished goods	$	37,415	$	40,898
Work in process		32,383		35,638
Raw materials and supplies		73,455		86,384
Inventories	$	143,253	$	162,920

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Guarantor and Non-Guarantor Subsidiaries (Details 1) (USD $)	Mar. 31, 2013	Dec. 31, 2012	Mar. 31, 2012	Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 216,713,000	$ 270,555,000	$ 295,954,000	$ 361,745,000
Accounts receivable, net	404,862,000	350,013,000
Tooling receivable	133,124,000	116,947,000
Inventories	162,920,000	143,253,000
Prepaid expenses	27,481,000	21,902,000
Other	83,261,000	87,802,000
Total current assets	1,028,361,000	990,472,000
Investments in affiliates and intercompany accounts, net	60,100,000	62,200,000
Property, plant and equipment, net	624,708,000	628,608,000
Goodwill	133,242,000	133,716,000
Other assets	86,044,000	83,739,000
Total assets	2,055,466,000	2,025,977,000
Current liabilities:
Debt payable within one year	34,880,000	32,556,000
Accounts payable	281,017,000	271,355,000
Accrued liabilities	89,948,000	80,148,000
Total current liabilities	522,160,000	486,916,000
Long-term debt	450,784,000	450,809,000
Other liabilities	42,447,000	42,131,000
Total liabilities	1,289,817,000	1,260,903,000
Redeemable noncontrolling interests	13,463,000	14,194,000
Preferred stock	121,997,000	121,649,000
Total Cooper-Standard Holdings Inc. equity	630,318,000	628,326,000
Noncontrolling interests	(129,000)	905,000
Total equity	630,189,000	629,231,000
Total liabilities and equity	2,055,466,000	2,025,977,000
Parent [Member]
Current assets:
Cash and cash equivalents
Accounts receivable, net
Tooling receivable
Inventories
Prepaid expenses
Other
Total current assets
Investments in affiliates and intercompany accounts, net	630,300,000	628,300,000
Property, plant and equipment, net
Goodwill
Other assets
Total assets	630,300,000	628,300,000
Current liabilities:
Debt payable within one year		0
Accounts payable		0
Accrued liabilities		0
Total current liabilities		0
Long-term debt		0
Other liabilities		0
Total liabilities		0
Redeemable noncontrolling interests		0
Preferred stock		0
Total Cooper-Standard Holdings Inc. equity	630,300,000	628,300,000
Noncontrolling interests		0
Total equity	630,300,000	628,300,000
Total liabilities and equity	630,300,000	628,300,000
Issuer [Member]
Current assets:
Cash and cash equivalents	152,800,000	177,500,000	177,700,000	189,600,000
Accounts receivable, net	64,400,000	54,800,000
Tooling receivable	18,300,000	13,400,000
Inventories	20,800,000	18,800,000
Prepaid expenses	4,300,000	5,900,000
Other	35,600,000	35,500,000
Total current assets	296,200,000	305,900,000
Investments in affiliates and intercompany accounts, net	292,900,000	339,700,000
Property, plant and equipment, net	90,300,000	88,200,000
Goodwill	111,100,000	111,100,000
Other assets	131,700,000	80,900,000
Total assets	922,200,000	925,800,000
Current liabilities:
Debt payable within one year
Accounts payable	47,700,000	45,400,000
Accrued liabilities	78,300,000	59,100,000
Total current liabilities	126,000,000	104,500,000
Long-term debt	450,000,000	450,000,000
Other liabilities	164,400,000	167,400,000
Total liabilities	740,400,000	721,900,000
Redeemable noncontrolling interests
Preferred stock	122,000,000	121,600,000
Total Cooper-Standard Holdings Inc. equity	59,800,000	82,300,000
Noncontrolling interests
Total equity	59,800,000	82,300,000
Total liabilities and equity	922,200,000	925,800,000
Guarantors [Member]
Current assets:
Cash and cash equivalents		4,400,000
Accounts receivable, net	81,100,000	72,600,000
Tooling receivable	14,600,000	12,100,000
Inventories	31,700,000	28,500,000
Prepaid expenses	400,000	300,000
Other	(1,000,000)	600,000
Total current assets	126,800,000	118,500,000
Investments in affiliates and intercompany accounts, net	1,066,600,000	998,700,000
Property, plant and equipment, net	56,200,000	56,500,000
Goodwill
Other assets	100,000	48,200,000
Total assets	1,249,700,000	1,221,900,000
Current liabilities:
Debt payable within one year
Accounts payable	45,300,000	41,300,000
Accrued liabilities	4,300,000	5,400,000
Total current liabilities	49,600,000	46,700,000
Long-term debt
Other liabilities	(100,000)	(200,000)
Total liabilities	49,500,000	46,500,000
Redeemable noncontrolling interests
Preferred stock
Total Cooper-Standard Holdings Inc. equity	1,200,200,000	1,175,400,000
Noncontrolling interests
Total equity	1,200,200,000	1,175,400,000
Total liabilities and equity	1,249,700,000	1,221,900,000
Non-Guarantors [Member]
Current assets:
Cash and cash equivalents	63,900,000	88,700,000	118,300,000	172,100,000
Accounts receivable, net	259,400,000	222,700,000
Tooling receivable	100,200,000	91,400,000
Inventories	110,400,000	96,000,000
Prepaid expenses	22,800,000	15,700,000
Other	48,700,000	51,700,000
Total current assets	605,400,000	566,200,000
Investments in affiliates and intercompany accounts, net	(73,600,000)	(52,900,000)
Property, plant and equipment, net	478,200,000	483,900,000
Goodwill	22,100,000	22,600,000
Other assets	77,300,000	81,800,000
Total assets	1,109,400,000	1,101,600,000
Current liabilities:
Debt payable within one year	34,900,000	32,600,000
Accounts payable	188,000,000	184,700,000
Accrued liabilities	123,700,000	118,500,000
Total current liabilities	346,600,000	335,800,000
Long-term debt	800,000	800,000
Other liabilities	152,500,000	156,000,000
Total liabilities	499,900,000	492,600,000
Redeemable noncontrolling interests	13,500,000	14,200,000
Preferred stock
Total Cooper-Standard Holdings Inc. equity	596,100,000	593,900,000
Noncontrolling interests	(100,000)	900,000
Total equity	596,000,000	594,800,000
Total liabilities and equity	1,109,400,000	1,101,600,000
Eliminations [Member]
Current assets:
Cash and cash equivalents
Accounts receivable, net
Tooling receivable
Inventories
Prepaid expenses
Other
Total current assets
Investments in affiliates and intercompany accounts, net	(1,856,100,000)	(1,851,600,000)
Property, plant and equipment, net
Goodwill
Other assets
Total assets	(1,856,100,000)	(1,851,600,000)
Current liabilities:
Debt payable within one year
Accounts payable
Accrued liabilities
Total current liabilities
Long-term debt
Other liabilities
Total liabilities
Redeemable noncontrolling interests
Preferred stock
Total Cooper-Standard Holdings Inc. equity	(1,856,100,000)	(1,851,600,000)
Noncontrolling interests
Total equity	(1,856,100,000)	(1,851,600,000)
Total liabilities and equity	$ (1,856,100,000)	$ (1,851,600,000)

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Debt (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Outstanding debt
Senior notes	$ 450,000	$ 450,000
Other borrowings	35,664	33,365
Total debt	485,664	483,365
Less current portion	(34,880)	(32,556)
Total long-term debt	$ 450,784	$ 450,809

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Pension and Postretirement Benefits other than Pensions (Tables)

3 Months Ended

Mar. 31, 2013

Pension and Postretirement Benefits other than Pensions [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, 2012 and 2013 for the Company’s defined benefit plans and other postretirement benefit plans:

	Pension Benefits
	Three Months Ended March 31,
	2012						2013
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	287		$	803		$	305		$	888
Interest cost		3,476			1,972			3,052			1,710
Expected return on plan assets		(3,868	)		(1,003	)		(4,342	)		(949	)
Amortization of prior service cost and recognized actuarial loss		124			95			344			330
Net periodic benefit cost (gain)	$	19		$	1,867		$	(641	)	$	1,979

	Other Postretirement Benefits
	Three Months Ended March 31,
	2012					2013
	U.S.			Non-U.S.		U.S.			Non-U.S.
Service cost	$	136		$	192	$	147		$	168
Interest cost		449			210		407			188
Amortization of prior service cost (credit) and recognized actuarial (gain) loss		(444	)		34		(281	)		(36	)
Other		19			—		6			—
Curtailment gain		(1,539	)		—		—			—
Net periodic benefit cost (gain)	$	(1,379	)	$	436	$	279		$	320

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Debt (Tables)

3 Months Ended

Mar. 31, 2013

Debt [Abstract]

Outstanding debt

Outstanding debt consisted of the following at December 31, 2012 and March 31, 2013:

	December 31,			March 31,
	2012			2013
Senior notes	$	450,000		$	450,000
Other borrowings		33,365			35,664
Total debt	$	483,365		$	485,664
Less current portion		(32,556	)		(34,880	)
Total long-term debt	$	450,809		$	450,784

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Stock-Based Compensation (Details Textual) (Management Incentive Plan and Omnibus Incentive Plan [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Management Incentive Plan and Omnibus Incentive Plan [Member]
Stock-Based Compensation (Textual) [Abstract]
Total compensation expense recognized	$ 3,800	$ 4,825

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Debt (Details Textual) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013
Debt (Textual) [Abstract]
Amounts drawn under Senior ABL Facility	$ 0
Senior ABL Facility [Member]
Debt (Textual) [Abstract]
Aggregate revolving loan availability	125,000
Letter of credit sub-facility	45,000
Swing line sub-facility	20,000
Uncommitted incremental loan facility	25,000
Total Senior ABL Facility	150,000
Letters of credit outstanding	26,976
Amended and Restated Senior ABL Facility [Member]
Debt (Textual) [Abstract]
Aggregate revolving loan availability	150,000
Letter of credit sub-facility	50,000
Swing line sub-facility	25,000
Uncommitted incremental loan facility	75,000
Total Senior ABL Facility	$ 225,000

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

3 Months Ended

Mar. 31, 2013

Accumulated Other Comprehensive Loss, Equity and Redeemable Noncontrolling Interests [Abstract]

Changes in Accumulated other comprehensive loss

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

	Cumulative currency translation adjustment			Benefit plan liability			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)		(9,292	)		1,008			484			(7,800	)
Balance at March 31, 2013	$	9,028		$	(63,010	)	$	734		$	(53,248	)

Reclassifications out of accumulated other comprehensive income

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

Details about accumulated other comprehensive loss components	Gain (loss) reclassified			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		Cost of products sold
		10		Income before income taxes
		(3	)	Provision for income tax expense
	$	7		Consolidated net income
Amortization of defined benefit and other postretirement benefit plans
Prior service credits	$	159	1
Actuarial losses		(472	) 1
		(313	)	Income before income taxes
		97		Benefit for income tax expense
	$	(216	)	Consolidated net income
Total reclassifications for the period	$	(209	)

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, 2013:

	Cooper- Standard Holdings Inc.			Noncontrolling Interest			Total Equity			Redeemable Noncontrolling Interests
Equity at January 1, 2013	$	628,326		$	905		$	629,231		$	14,194
Net income (loss)		20,701			(8	)		20,693			(820	)
Preferred stock dividends		(1,677	)		—			(1,677	)		—
Repurchase common stock		(11,098	)		—			(11,098	)		—
Other comprehensive loss		(7,800	)		—			(7,800	)		(130	)
Stock-based compensation		2,970			—			2,970			—
Accretion of redeemable noncontrolling interests		(219	)		—			(219	)		219
Purchase of noncontrolling interest		(885	)		(1,026	)		(1,911	)		—
Equity at March 31, 2013	$	630,318		$	(129	)	$	630,189		$	13,463

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

3 Months Ended

Mar. 31, 2013

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

Basic net income per share attributable

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

	Three Months Ended March 31,
	2012			2013
Net income attributable to Cooper-Standard Holdings Inc.	$	23,787		$	20,701
Less: Preferred stock dividends (paid or unpaid)		(1,689	)		(1,677	)
Less: Premium paid for redemption of preferred stock		(974	)		—
Less: Undistributed earnings allocated to participating securities		(3,938	)		(3,724	)
Net income available to Cooper-Standard Holdings Inc. common stockholders	$	17,186		$	15,300
Weighted average shares of common stock outstanding		17,705,918			16,621,120
Basic net income per share attributable to Cooper-Standard Holdings Inc.	$	0.97		$	0.92

Diluted net income per share attributable

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

	Three Months Ended March 31,
	2012		2013
Net income available to Cooper-Standard Holdings Inc. common stockholders	$	17,186	$	15,300
Weighted average common shares outstanding		17,705,918		16,621,120
Dilutive effect of:
Common restricted stock		336,363		252,817
Preferred restricted stock		66,947		32,315
Warrants		825,988		693,043
Options		151,584		112,083
Weighted average dilutive shares of common stock outstanding		19,086,800		17,711,378
Diluted net income per share attributable to Cooper-Standard Holdings Inc.	$	0.90	$	0.86

Preferred shares (as if converted) and options

A summary of these preferred shares (as if converted) and options are shown below:

	Three Months Ended March 31,
	2012	2013
Number of options	252,401	471,898
Exercise price	$43.50-46.75	$43.50-52.50
Preferred shares, as if converted	4,057,316	4,045,852
Preferred dividends, undistributed earnings and premium allocated to participating securities that would be added back in the diluted calculation	$6,601	$5,401

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Restructuring

3 Months Ended

Mar. 31, 2013

Restructuring [Abstract]

Restructuring

3. Restructuring

The Company implemented several restructuring initiatives in prior years in connection with the closure or consolidation of facilities in North America, Europe, South America, Australia and Asia. The Company also implemented a restructuring initiative that involved the reorganization of the Company’s operating structure. The Company commenced these initiatives prior to December 31, 2010 and continued to execute these initiatives through March 31, 2013. 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 total expense incurred related to these actions amounted to $303 and $126 for the three months ended March 31, 2012 and 2013, respectively. As of March 31, 2013 there is a liability of $130 associated with these initiatives recorded on the Company’s condensed consolidated balance sheet.

In the first quarter of 2011, the Company initiated the closure of a facility in North America and announced the decision to establish a centralized shared services function in Europe. The majority of the costs have been recognized, however, the Company continues to incur costs on some of the initiatives related principally to the disposal of the respective facilities. The Company has recognized $11,519 of costs related to these initiatives. The following table summarizes the activity for these initiatives for the three months ended March 31, 2012 and 2013:

	Employee			Other
	Separation			Exit			Asset
	Costs			Costs			Impairments			Total
Balance at January 1, 2012	$	3,443		$	848		$	—		$	4,291
Expense		237			1,152			258			1,647
Cash payments		(353	)		(2,000	)		—			(2,353	)
Utilization of reserve		—			—			(258	)		(258	)
Balance at March 31, 2012	$	3,327		$	—		$	—		$	3,327

	Employee		Other
	Separation		Exit			Asset
	Costs		Costs			Impairments			Total
Balance at January 1, 2013	$	—	$	—		$	—		$	—
Expense		—		197			87			284
Cash payments		—		(197	)		—			(197	)
Utilization of reserve		—		—			(87	)		(87	)
Balance at March 31, 2013	$	—	$	—		$	—		$	—

An other postretirement benefit curtailment gain of $1,539 for the three months ended March 31, 2012 resulted from the closure of a U.S. facility and was recorded as a reduction to restructuring expense.

In the second quarter of 2011, the Company initiated the reorganization of the Company’s French body sealing operations in relation to the joint venture agreement with Fonds de Modernisation des Equipementiers Automobiles (“FMEA”). The majority of the costs have been recognized, however, additional costs may be incurred. The Company has recognized $51,150 of costs related to this initiative. The following table summarizes the activity for this initiative for the three months ended March 31, 2012 and 2013:

	Employee			Other
	Separation			Exit			Asset
	Costs			Costs			Impairments		Total
Balance at January 1, 2012	$	23,228		$	—		$	—	$	23,228
Expense		(35	)		832			—		797
Cash payments and foreign exchange translation		(3,783	)		(832	)		—		(4,615	)
Balance at March 31, 2012	$	19,410		$	—		$	—	$	19,410

	Employee			Other
	Separation			Exit			Asset
	Costs			Costs			Impairments		Total
Balance at January 1, 2013	$	2,054		$	—		$	—	$	2,054
Expense		145			580			—		725
Cash payments and foreign exchange translation		(452	)		(580	)		—		(1,032	)
Balance at March 31, 2013	$	1,747		$	—		$	—	$	1,747

During 2012, the Company initiated the restructuring of facilities in Europe to change the Company’s European footprint to improve the Company’s operating performance. The majority of the costs have been recognized, however, additional costs may be incurred. The Company has recognized $22,756 of costs related to this initiative. The following table summarizes the activity for this initiative for the three months ended March 31, 2013:

	Employee			Other
	Separation			Exit		Asset
	Costs			Costs		Impairments		Total
Balance at January 1, 2013	$	13,507		$	—	$	—	$	13,507
Expense		2,004			—		—		2,004
Cash payments and foreign exchange translation		(6,621	)		—		—		(6,621	)
Balance at March 31, 2013	$	8,890		$	—	$	—	$	8,890

In the first quarter of 2013, the Company eliminated certain positions within the organization that resulted in restructuring expense of $1,621. As of March 31, 2013 there is a liability of $1,621 associated with this initiative recorded on the Company’s condensed consolidated balance sheet. No additional expense is expected to be incurred related to this initiative.

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Redeemable Preferred Stock (Tables)

3 Months Ended

Mar. 31, 2013

Redeemable Preferred Stock [Abstract]

Reconciliation of Company's 7% preferred stock activity

The following table summarizes the Company’s 7% preferred stock activity for the three months ended March 31, 2013:

	Preferred Shares			Preferred Stock
Balance at January 1, 2013		958,333		$	121,649
Stock-based compensation		—			405
Repurchased preferred stock shares		(318	)		(57	)
Forfeited shares		(998	)		—
Balance at March 31, 2013		957,017		$	121,997

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Restructuring (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Summary of activity of restructuring
Expense	$ 4,760	$ 6,094
Restructuring Reserve, Ending Balance	130
Centralized Shared Services Function [Member]
Summary of activity of restructuring
Restructuring Reserve, Beginning Balance		4,291
Expense	284	1,647
Cash payments	(197)	(2,353)
Utilization of reserve	(87)	(258)
Restructuring Reserve, Ending Balance		3,327
Joint Venture Agreement With FMEA [Member]
Summary of activity of restructuring
Restructuring Reserve, Beginning Balance	2,054	23,228
Expense	725	797
Cash payments and foreign exchange translation	(1,032)	(4,615)
Restructuring Reserve, Ending Balance	1,747	19,410
Restructuring of Facilities in Europe [Member]
Summary of activity of restructuring
Restructuring Reserve, Beginning Balance	13,507
Expense	2,004
Cash payments and foreign exchange translation	(6,621)
Restructuring Reserve, Ending Balance	8,890
Employee Separation Costs [Member] | Centralized Shared Services Function [Member]
Summary of activity of restructuring
Restructuring Reserve, Beginning Balance		3,443
Expense		237
Cash payments		(353)
Utilization of reserve
Restructuring Reserve, Ending Balance		3,327
Employee Separation Costs [Member] | Joint Venture Agreement With FMEA [Member]
Summary of activity of restructuring
Restructuring Reserve, Beginning Balance	2,054	23,228
Expense	145	(35)
Cash payments and foreign exchange translation	(452)	(3,783)
Restructuring Reserve, Ending Balance	1,747	19,410
Employee Separation Costs [Member] | Restructuring of Facilities in Europe [Member]
Summary of activity of restructuring
Restructuring Reserve, Beginning Balance	13,507
Expense	2,004
Cash payments and foreign exchange translation	(6,621)
Restructuring Reserve, Ending Balance	8,890
Other Exit Costs [Member] | Centralized Shared Services Function [Member]
Summary of activity of restructuring
Restructuring Reserve, Beginning Balance		848
Expense	197	1,152
Cash payments	(197)	(2,000)
Utilization of reserve
Restructuring Reserve, Ending Balance
Other Exit Costs [Member] | Joint Venture Agreement With FMEA [Member]
Summary of activity of restructuring
Restructuring Reserve, Beginning Balance
Expense	580	832
Cash payments and foreign exchange translation	(580)	(832)
Restructuring Reserve, Ending Balance
Other Exit Costs [Member] | Restructuring of Facilities in Europe [Member]
Summary of activity of restructuring
Restructuring Reserve, Beginning Balance
Expense
Cash payments and foreign exchange translation
Restructuring Reserve, Ending Balance
Asset Impairments [Member] | Centralized Shared Services Function [Member]
Summary of activity of restructuring
Restructuring Reserve, Beginning Balance
Expense	87	258
Cash payments
Utilization of reserve	(87)	(258)
Restructuring Reserve, Ending Balance
Asset Impairments [Member] | Joint Venture Agreement With FMEA [Member]
Summary of activity of restructuring
Restructuring Reserve, Beginning Balance
Expense
Cash payments and foreign exchange translation
Restructuring Reserve, Ending Balance
Asset Impairments [Member] | Restructuring of Facilities in Europe [Member]
Summary of activity of restructuring
Restructuring Reserve, Beginning Balance
Expense
Cash payments and foreign exchange translation
Restructuring Reserve, Ending Balance

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Net Income Per Share Attributable to Cooper-Standard Holdings Inc. (Details Textual)	3 Months Ended
	Mar. 31, 2013	Dec. 31, 2012
Net Income Per Share Attributable to Cooper-Standard Holdings Inc. (Textual) [Abstract]
Preferred stock dividend rate, percentage	7.00%	7.00%

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Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Condensed Consolidated Statements of Comprehensive Income [Abstract]
Sales	$ 747,577	$ 765,264
Cost of products sold	627,264	643,606
Gross profit	120,313	121,658
Selling, administration & engineering expenses	75,094	72,040
Amortization of intangibles	3,891	3,833
Restructuring cost included in segment profit (loss)	4,760	6,094
Operating profit	36,568	39,691
Interest expense, net of interest income	(11,207)	(11,187)
Equity earnings	2,735	757
Other income (expense), net	(332)	2,947
Income before income taxes	27,764	32,208
Provision for income tax expense	7,891	8,062
Consolidated net income	19,873	24,146
Net (income) loss attributable to noncontrolling interests	828	(359)
Net income attributable to Cooper-Standard Holdings Inc.	20,701	23,787
Net income available to Cooper-Standard Holdings Inc. common stockholders	15,300	17,186
Earnings per share
Basic	$ 0.92	$ 0.97
Diluted	$ 0.86	$ 0.90
Comprehensive income	11,943	40,144
Comprehensive (income) loss attributable to noncontrolling interests	958	(732)
Comprehensive income attributable to Cooper-Standard Holdings Inc.	$ 12,901	$ 39,412

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Pension and Postretirement Benefits other than Pensions (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
U.S. Pension Benefits [Member]
Components of net periodic benefit cost (income)
Service cost	$ 305	$ 287
Interest cost	3,052	3,476
Expected return on plan assets	(4,342)	(3,868)
Amortization of prior service cost (credit) and recognized actuarial (gain) loss	344	124
Net periodic benefit cost (gain)	(641)	19
Non-U.S. Pension Benefits [Member]
Components of net periodic benefit cost (income)
Service cost	888	803
Interest cost	1,710	1,972
Expected return on plan assets	(949)	(1,003)
Amortization of prior service cost (credit) and recognized actuarial (gain) loss	330	95
Net periodic benefit cost (gain)	1,979	1,867
U.S. Other Postretirement Benefits [Member]
Components of net periodic benefit cost (income)
Service cost	147	136
Interest cost	407	449
Amortization of prior service cost (credit) and recognized actuarial (gain) loss	(281)	(444)
Other	6	19
Curtailment gain		(1,539)
Net periodic benefit cost (gain)	279	(1,379)
Non-U.S. Other Postretirement Benefits [Member]
Components of net periodic benefit cost (income)
Service cost	168	192
Interest cost	188	210
Amortization of prior service cost (credit) and recognized actuarial (gain) loss	(36)	34
Other
Curtailment gain
Net periodic benefit cost (gain)	$ 320	$ 436

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Overview

3 Months Ended

Mar. 31, 2013

Overview [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 fluid handling, body sealing, 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 2012 Annual Report on Form 10-K, 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, 2013 are not necessarily indicative of results for the full year.

Recent accounting pronouncements

In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. This ASU requires companies to present the effects on the line items of net income of significant amounts reclassified out of accumulated other comprehensive income, but only if the item reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. The guidance is effective for fiscal years beginning after December 15, 2012. The Company adopted this guidance effective January 1, 2013. The effects of adoption were not significant and the additional required disclosures are included in Note 8. “Accumulated Other Comprehensive Loss, Equity and Redeemable Noncontrolling Interests.”

In July 2012, the FASB issued ASU 2012-02, Intangibles-Goodwill and Other (Topic 350): Testing Indefinite-lived Intangible Assets for Impairment. This ASU permits companies to assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired before performing the quantitative impairment test. This ASU is effective for fiscal years beginning after September 15, 2012 (early adoption is permitted). The Company adopted this guidance effective January 1, 2013. The impact of the adoption of this ASU did not have a material impact on the consolidated financial statements.

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Business Segments (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012
Information on the Company's business segments
Sales to external customers	$ 747,577	$ 765,264
Intersegment sales
Segment profit (loss)	27,764	32,208
Restructuring cost included in segment profit (loss)	4,760	6,094
Segment assets	2,055,466		2,025,977
North America [Member]
Information on the Company's business segments
Sales to external customers	382,808	388,135
Intersegment sales	3,734	2,003
Segment profit (loss)	33,806	38,005
Restructuring cost included in segment profit (loss)	1,784	4,700
Segment assets	819,632		772,269
International [Member]
Information on the Company's business segments
Sales to external customers	364,749	377,129
Intersegment sales	3,397	3,069
Segment profit (loss)	(6,042)	(5,797)
Restructuring cost included in segment profit (loss)	2,976	1,394
Segment assets	964,137		962,398
Eliminations and other [Member]
Information on the Company's business segments
Intersegment sales	(7,131)	(5,072)
Segment assets	$ 271,697		$ 291,310

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Guarantor and Non-Guarantor Subsidiaries (Tables)

3 Months Ended

Mar. 31, 2013

Guarantor and Non-Guarantor Subsidiaries [Abstract]

Condensed Consolidating Statement of Comprehensive Income

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

Three Months Ended March 31, 2012

	Parent		Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated Totals
	(dollar amounts in millions)
Sales	$	—	$	147.4		$	163.1		$	503.3		$	(48.5	)	$	765.3
Cost of products sold		—		122.0			139.3			430.8			(48.5	)		643.6
Selling, administration, & engineering expenses		—		33.1			1.0			37.9			—			72.0
Amortization of intangibles		—		2.8			—			1.0			—			3.8
Restructuring		—		—			(0.2	)		6.3			—			6.1
Operating profit (loss)		—		(10.5	)		23.0			27.3			—			39.8
Interest expense, net of interest income		—		(9.3	)		—			(1.9	)		—			(11.2	)
Equity earnings (loss)		—		(0.9	)		1.0			0.7			—			0.8
Other income (expense), net		—		8.2			1.1			(6.4	)		—			2.9
Income (loss) before income taxes		—		(12.5	)		25.1			19.7			—			32.3
Provision for income tax expense (benefit)		—		(1.4	)		3.1			6.4			—			8.1
Income (loss) before equity in income of subsidiaries		—		(11.1	)		22.0			13.3			—			24.2
Equity in net income of subsidiaries		23.8		34.9			—			—			(58.7	)		—
Consolidated net income		23.8		23.8			22.0			13.3			(58.7	)		24.2
Net income attributable to noncontrolling interests		—		—			—			(0.4	)		—			(0.4	)
Net income attributable to Cooper-Standard Holdings Inc.	$	23.8	$	23.8		$	22.0		$	12.9		$	(58.7	)	$	23.8
Comprehensive income	$	39.4	$	39.4		$	22.0		$	28.5		$	(89.2	)	$	40.1
Less: Comprehensive income attributable to noncontrolling interests		—		—			—			(0.7	)		—			(0.7	)
Comprehensive income attributable to Cooper-Standard Holdings Inc.	$	39.4	$	39.4		$	22.0		$	27.8		$	(89.2	)	$	39.4

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

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
Provision (benefit) for income tax expense		—		(2.7	)		5.5		5.1			—			7.9
Income (loss) before equity in income (loss) subsidiaries		—		(11.7	)		24.8		6.8			—			19.9
Equity in net income of subsidiaries		20.7		32.4			—		—			(53.1	)		—
Consolidated net income		20.7		20.7			24.8		6.8			(53.1	)		19.9
Net loss attributable to noncontrolling interest		—		—			—		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 Balance sheet

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2012

	Parent		Issuer		Guarantors			Non-Guarantors			Eliminations			Consolidated Totals
	(dollar amounts in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	177.5	$	4.4		$	88.7		$	—		$	270.6
Accounts receivable, net		—		54.8		72.6			222.7			—			350.1
Tooling receivable		—		13.4		12.1			91.4			—			116.9
Inventories		—		18.8		28.5			96.0			—			143.3
Prepaid expenses		—		5.9		0.3			15.7			—			21.9
Other		—		35.5		0.6			51.7			—			87.8
Total current assets		—		305.9		118.5			566.2			—			990.6
Investments in affiliates and intercompany accounts, net		628.3		339.7		998.7			(52.9	)		(1,851.6	)		62.2
Property, plant, and equipment, net		—		88.2		56.5			483.9			—			628.6
Goodwill		—		111.1		—			22.6			—			133.7
Other assets		—		80.9		48.2			81.8			—			210.9
	$	628.3	$	925.8	$	1,221.9		$	1,101.6		$	(1,851.6	)	$	2,026.0
LIABILITIES & EQUITY
Current liabilities:
Debt payable within one year	$	—	$	—	$	—		$	32.6		$	—		$	32.6
Accounts payable		—		45.4		41.3			184.7			—			271.4
Accrued liabilities		—		59.1		5.4			118.5			—			183.0
Total current liabilities		—		104.5		46.7			335.8			—			487.0
Long-term debt		—		450.0		—			0.8			—			450.8
Other liabilities		—		167.4		(0.2	)		156.0			—			323.2
Total liabilities		—		721.9		46.5			492.6			—			1,261.0
Redeemable noncontrolling interests		—		—		—			14.2			—			14.2
Preferred stock		—		121.6		—			—			—			121.6
Total Cooper-Standard Holdings Inc. equity		628.3		82.3		1,175.4			593.9			(1,851.6	)		628.3
Noncontrolling interests		—		—		—			0.9			—			0.9
Total equity		628.3		82.3		1,175.4			594.8			(1,851.6	)		629.2
Total liabilities and equity	$	628.3	$	925.8	$	1,221.9		$	1,101.6		$	(1,851.6	)	$	2,026.0

CONDENSED CONSOLIDATING BALANCE SHEET

March 31, 2013

	Parent		Issuer		Guarantors			Non-Guarantors			Eliminations			Consolidated Totals
	(dollar amounts in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	152.8	$	—		$	63.9		$	—		$	216.7
Accounts receivable, net		—		64.4		81.1			259.4			—			404.9
Tooling receivable		—		18.3		14.6			100.2			—			133.1
Inventories		—		20.8		31.7			110.4			—			162.9
Prepaid expenses		—		4.3		0.4			22.8			—			27.5
Other		—		35.6		(1.0	)		48.7			—			83.3
Total current assets		—		296.2		126.8			605.4			—			1,028.4
Investments in affiliates and intercompany accounts, net		630.3		292.9		1,066.6			(73.6	)		(1,856.1	)		60.1
Property, plant, and equipment, net		—		90.3		56.2			478.2			—			624.7
Goodwill		—		111.1		—			22.1			—			133.2
Other assets		—		131.7		0.1			77.3			—			209.1
	$	630.3	$	922.2	$	1,249.7		$	1,109.4		$	(1,856.1	)	$	2,055.5
LIABILITIES & EQUITY
Current liabilities:
Debt payable within one year	$	—	$	—	$	—		$	34.9		$	—		$	34.9
Accounts payable		—		47.7		45.3			188.0			—			281.0
Accrued liabilities		—		78.3		4.3			123.7			—			206.3
Total current liabilities		—		126.0		49.6			346.6			—			522.2
Long-term debt		—		450.0		—			0.8			—			450.8
Other liabilities		—		164.4		(0.1	)		152.5			—			316.8
Total liabilities		—		740.4		49.5			499.9			—			1,289.8
Redeemable noncontrolling interests		—		—		—			13.5			—			13.5
Preferred stock		—		122.0		—			—			—			122.0
Total Cooper-Standard Holdings Inc. equity		630.3		59.8		1,200.2			596.1			(1,856.1	)		630.3
Noncontrolling interests		—		—		—			(0.1	)		—			(0.1	)
Total equity		630.3		59.8		1,200.2			596.0			(1,856.1	)		630.2
Total liabilities and equity	$	630.3	$	922.2	$	1,249.7		$	1,109.4		$	(1,856.1	)	$	2,055.5

Condensed Consolidating Statement of Cash flows

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Three Months Ended March 31, 2012

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations		Consolidated Totals
	(dollar amounts in millions)
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	$	1.7		$	1.0		$	(0.5	)	$	(36.8	)	$	—	$	(34.6	)
INVESTING ACTIVITIES
Capital expenditures, including other intangible assets		—			(6.5	)		(3.5	)		(19.2	)		—		(29.2	)
Acquisition of businesses, net of cash acquired		—			—			—			(1.7	)		—		(1.7	)
Proceeds from the sale of assets		—			—			4.0			0.3			—		4.3
Net cash provided by (used in) investing activities		—			(6.5	)		0.5			(20.6	)		—		(26.6	)
FINANCING ACTIVITIES
Increase in short-term debt		—			—			—			2.4			—		2.4
Principal payments on long-term debt		—			—			—			(1.8	)		—		(1.8	)
Repurchase of preferred stock		—			(4.9	)		—			—			—		(4.9	)
Other		(1.7	)		(1.5	)		—			1.6			—		(1.6	)
Net cash provided by (used in) financing activities		(1.7	)		(6.4	)		—			2.2			—		(5.9	)
Effects of exchange rate changes on cash		—			—			—			1.4			—		1.4
Changes in cash and cash equivalents		—			(11.9	)		—			(53.8	)		—		(65.7	)
Cash and cash equivalents at beginning of period		—			189.6			—			172.1			—		361.7
Cash and cash equivalents at end of period	$	—		$	177.7		$	—		$	118.3		$	—	$	296.0
Depreciation and amortization	$	—		$	7.3		$	3.9		$	20.4		$	—	$	31.6

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

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, including other intangible assets		—			(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		—			—			—			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

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Financial Instruments (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Asset (Liability) [Member]
Fair value hierarchy level for the Company's liabilities measured
Interest rate swap	$ (40)	$ (68)
Forward foreign exchange contracts	338	(29)
Total	298	(97)
Level 1 [Member]
Fair value hierarchy level for the Company's liabilities measured
Interest rate swap
Forward foreign exchange contracts
Total
Level 2 [Member]
Fair value hierarchy level for the Company's liabilities measured
Interest rate swap	(40)	(68)
Forward foreign exchange contracts	338	(29)
Total	298	(97)
Level 3 [Member]
Fair value hierarchy level for the Company's liabilities measured
Interest rate swap
Forward foreign exchange contracts
Total

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Accounts Receivable Factoring

3 Months Ended

Mar. 31, 2013

Accounts Receivable Factoring [Abstract]

Accounts Receivable Factoring

17. 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 credit agreement.

At March 31, 2012 and 2013, the Company had $85,678 and $89,015, respectively, outstanding under receivable transfer agreements without recourse entered into by various locations. The total amount of accounts receivable factored was $92,647 and $113,402 for the three months ended March 31, 2012 and 2013, respectively. Costs incurred on the sale of receivables were $609 and $645 for the three months ended March 31, 2012 and 2013, 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, 2012 and 2013, the Company had $17,552 and $15,197, 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 $24,539 and $22,712 for the three months ended March 31, 2012 and 2013, respectively. Costs incurred on the sale of receivables were $110 and $84 for the three months ended March 31, 2012 and 2013, 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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Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2013

Financial Instruments [Abstract]

Fair value hierarchy level for the Company's liabilities measured

the fair value hierarchy level for the Company’s liabilities measured or disclosed at fair value on a recurring basis as of December 31, 2012 and March 31, 2013, are shown below:

	December 31, 2012
Contract	Asset (Liability)			Level 1		Level 2			Level 3
Interest rate swap	$	(68	)	$	—	$	(68	)	$	—
Forward foreign exchange contracts		(29	)		—		(29	)		—
Total	$	(97	)	$	—	$	(97	)	$	—
	March 31, 2013
Contract	Asset (Liability)			Level 1		Level 2			Level 3
Interest rate swap	$	(40	)	$	—	$	(40	)	$	—
Forward foreign exchange contracts		338			—		338			—
Total	$	298		$	—	$	298		$	—

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Overview (Policies)

3 Months Ended

Mar. 31, 2013

Overview [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 fluid handling, body sealing, 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 2012 Annual Report on Form 10-K, 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, 2013 are not necessarily indicative of results for the full year.

Recent accounting pronouncements

Recent accounting pronouncements

In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. This ASU requires companies to present the effects on the line items of net income of significant amounts reclassified out of accumulated other comprehensive income, but only if the item reclassified is required under U.S. GAAP to be reclassified to net income in its entirety in the same reporting period. The guidance is effective for fiscal years beginning after December 15, 2012. The Company adopted this guidance effective January 1, 2013. The effects of adoption were not significant and the additional required disclosures are included in Note 8. “Accumulated Other Comprehensive Loss, Equity and Redeemable Noncontrolling Interests.”

In July 2012, the FASB issued ASU 2012-02, Intangibles-Goodwill and Other (Topic 350): Testing Indefinite-lived Intangible Assets for Impairment. This ASU permits companies to assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired before performing the quantitative impairment test. This ASU is effective for fiscal years beginning after September 15, 2012 (early adoption is permitted). The Company adopted this guidance effective January 1, 2013. The impact of the adoption of this ASU did not have a material impact on the consolidated financial statements.

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Subsequent Events (Details Textual) (USD $) In Thousands, except Share data, unless otherwise specified			3 Months Ended	1 Months Ended		1 Months Ended
	Mar. 31, 2013	Dec. 31, 2012	Mar. 31, 2013 Subsequent Event [Member]	Apr. 30, 2013 Senior PIK Toggle Notes [Member] Subsequent Event [Member]	Apr. 03, 2013 Senior PIK Toggle Notes [Member] Subsequent Event [Member]	Apr. 30, 2013 Equity Tender [Member] Subsequent Event [Member]	Apr. 05, 2013 Equity Tender [Member] Subsequent Event [Member]
Subsequent Events (Textual) [Abstract]
Senior unsecured notes principal amount	$ 450,000	$ 450,000			$ 175,000
Issue price					99.50%
Net proceeds				171,063
Gross proceeds				175,000
Discount payable to initial purchasers					3,063
Issue price discount				875
Escrow fund release amount					150,000
Equity tender escrow release date			Jul. 01, 2013
Purchase of common stock							4,651,162
Purchase price of common stock per share						$ 43.00
Purchase price of common stock						$ 200,000
Senior secured PIK Toggle note maturity period				2018

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Goodwill and Intangibles

3 Months Ended

Mar. 31, 2013

Goodwill and Intangibles [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, 2013 are summarized as follows:

	North America			International			Total
Balance at January 1, 2013	$	115,420		$	18,296		$	133,716
Foreign exchange translation		(101	)		(373	)		(474	)
Balance at March 31, 2013	$	115,319		$	17,923		$	133,242

Goodwill is not amortized but is tested for impairment, either annually or when events or circumstances indicate that impairment may exist, by reporting units determined in accordance with ASC 350, “Goodwill and Other Intangible Assets.”

The following table presents intangible assets and accumulated amortization balances of the Company as of December 31, 2012 and March 31, 2013, respectively:

	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted Average Useful Life (Years)
Customer relationships	$	135,741	$	(34,184	)	$	101,557		7.7
Developed technology		9,574		(4,143	)		5,431		3.9
Other		10,337		(601	)		9,736
Balance at December 31, 2012	$	155,652	$	(38,928	)	$	116,724		7.1
Customer relationships	$	136,115	$	(37,637	)	$	98,478		7.4
Developed technology		9,461		(4,491	)		4,970		3.7
Other		10,434		(731	)		9,703
Balance at March 31, 2013	$	156,010	$	(42,859	)	$	113,151		6.9

Amortization expense totaled $3,833 and $3,891 for the three months ended March 31, 2012 and 2013, respectively. Amortization expense is estimated to be approximately $15,500 for the year ending December 31, 2013.

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Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 216,713	$ 270,555
Accounts receivable, net	404,862	350,013
Tooling receivable	133,124	116,947
Inventories	162,920	143,253
Prepaid expenses	27,481	21,902
Other	83,261	87,802
Total current assets	1,028,361	990,472
Property, plant and equipment, net	624,708	628,608
Goodwill	133,242	133,716
Intangibles, net	113,151	116,724
Deferred tax assets	69,960	72,718
Other assets	86,044	83,739
Total assets	2,055,466	2,025,977
Current liabilities:
Debt payable within one year	34,880	32,556
Accounts payable	281,017	271,355
Payroll liabilities	116,315	102,857
Accrued liabilities	89,948	80,148
Total current liabilities	522,160	486,916
Long-term debt	450,784	450,809
Pension benefits	197,409	201,104
Postretirement benefits other than pensions	67,965	69,142
Deferred tax liabilities	9,052	10,801
Other liabilities	42,447	42,131
Total liabilities	1,289,817	1,260,903
Redeemable noncontrolling interests	13,463	14,194
7% Cumulative participating convertible preferred stock, $0.001 par value, 10,000,000 shares authorized at December 31, 2012, and March 31, 2013; 964,247 shares issued and 958,333 outstanding at December 31, 2012 and 964,247 shares issued and 957,017 outstanding at March 31, 2013	121,997	121,649
Equity:
Common stock, $0.001 par value, 190,000,000 shares authorized at December 31, 2012 and March 31, 2013; 18,426,831 shares issued and 17,275,852 outstanding at December 31, 2012 and 18,406,489 shares issued and 16,958,820 outstanding at March 31, 2013	16	16
Additional paid-in capital	466,903	471,851
Retained earnings	216,647	201,907
Accumulated other comprehensive loss	(53,248)	(45,448)
Total Cooper-Standard Holdings Inc. equity	630,318	628,326
Noncontrolling interests	(129)	905
Total equity	630,189	629,231
Total liabilities and equity	$ 2,055,466	$ 2,025,977

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Other Income (Expense), Net

3 Months Ended

Mar. 31, 2013

Other Income (Expense), Net [Abstract]

Other Income (Expense), Net

12. Other Income (Expense), Net

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

	Three Months Ended March 31,
	2012			2013
Foreign currency gains (losses)	$	(603	)	$	260
Unrealized gains (losses) related to forward contracts		2,834			(188	)
Loss on sale of receivables		(204	)		(373	)
Miscellaneous income (expense)		920			(31	)
Other income (expense), net	$	2,947		$	(332	)

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Document and Entity Information	3 Months Ended
	Mar. 31, 2013	Apr. 30, 2013
Document and Entity Information [Abstract]
Entity Registrant Name	Cooper-Standard Holdings Inc.
Entity Central Index Key	0001320461
Document Type	10-Q
Document Period End Date	Mar. 31, 2013
Amendment Flag	false
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		17,801,844

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Related Party Transactions

3 Months Ended

Mar. 31, 2013

Related Party Transactions [Abstract]

Related Party Transactions

13. Related Party Transactions

Sales to NISCO, a 40% owned joint venture, totaled $12,241 and $11,570 for the three months ended March 31, 2012 and 2013, respectively. In March 2012, the Company received from NISCO a dividend of $800, all of which was related to earnings. 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 of capital.

Purchases of materials from Guyoung Technology Co. Ltd, a Korean corporation of which the Company owns approximately 20% of the common stock, totaled $873 and $690 for the three months ended March 31, 2012 and 2013, respectively.

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Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	3 Months Ended
	Mar. 31, 2013	Dec. 31, 2012
Condensed Consolidated Balance Sheets [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	964,247	964,247
Preferred stock, shares outstanding	957,017	958,333
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	190,000,000	190,000,000
Common stock, shares issued	18,406,489	18,426,831
Common stock, shares outstanding	16,958,820	17,275,852

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Income Taxes

3 Months Ended

Mar. 31, 2013

Income Taxes [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, 2013, was 28% as compared to 25% for the three months ended March 31, 2012. The effective tax rate for the three months ended March 31, 2013 varies from statutory rates due to a discrete benefit for the effect of the American Taxpayer Relief Act of 2012 which retroactively reinstated the Federal Research and Development Tax Credit (as signed into law in early 2013), as well as the exclusion from U.S. federal taxable income of certain interest, dividends, rents, and royalty income of foreign affiliates, and the benefits of the credits with that income. Additionally, the income tax rate varies from statutory rates due to income taxes on foreign earnings taxed at rates lower than 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, 2013

Pension and Postretirement Benefits other than Pensions [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, 2012 and 2013 for the Company’s defined benefit plans and other postretirement benefit plans:

	Pension Benefits
	Three Months Ended March 31,
	2012						2013
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	287		$	803		$	305		$	888
Interest cost		3,476			1,972			3,052			1,710
Expected return on plan assets		(3,868	)		(1,003	)		(4,342	)		(949	)
Amortization of prior service cost and recognized actuarial loss		124			95			344			330
Net periodic benefit cost (gain)	$	19		$	1,867		$	(641	)	$	1,979

	Other Postretirement Benefits
	Three Months Ended March 31,
	2012					2013
	U.S.			Non-U.S.		U.S.			Non-U.S.
Service cost	$	136		$	192	$	147		$	168
Interest cost		449			210		407			188
Amortization of prior service cost (credit) and recognized actuarial (gain) loss		(444	)		34		(281	)		(36	)
Other		19			—		6			—
Curtailment gain		(1,539	)		—		—			—
Net periodic benefit cost (gain)	$	(1,379	)	$	436	$	279		$	320

The curtailment gain for the three months ended March 31, 2012 in the table above resulted from the closure of a U.S. facility and was recorded as a reduction to restructuring expense.

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Subsequent Events

3 Months Ended

Mar. 31, 2013

Subsequent Events [Abstract]

Subsequent Events

18. Subsequent Events

Senior PIK Toggle Notes due 2018

On April 3, 2013, Cooper-Standard Holdings Inc. issued $175,000 aggregate principal amount of its Senior PIK Toggle Notes due 2018 (the “Senior PIK Toggle Notes”) at an issue price to the public of 99.5%. Net proceeds were $171,063, which consisted of $175,000 of gross proceeds less $3,063 representing the discount payable to the initial purchasers with respect to the offering of the Senior PIK Toggle Notes and less the $875 issue price discount. The Senior PIK Toggle Notes were issued in a private placement exempt from registration under the Securities Act of 1933, as amended. The Senior PIK Toggle Notes were issued pursuant to an indenture dated as of April 3, 2013 between Cooper-Standard Holdings Inc. and U.S. Bank National Association, as trustee.

Escrow of Proceeds; Special Mandatory Redemption. Cooper-Standard Holdings Inc. deposited the proceeds of the Senior PIK Toggle Notes offering, together with additional cash on hand, into a segregated escrow account. Escrowed funds will be released to Cooper-Standard Holdings Inc. upon satisfaction or waiver, as applicable, of the escrow release condition that $150,000 in value of the shares of Cooper-Standard Holdings Inc.’s common stock is validly tendered and not validly withdrawn in the Equity Tender Offer (as defined below) on or before July 1, 2013. During the second quarter, the escrow release condition was satisfied and the funds were released and were used to finance, in part, the purchase of shares pursuant to the Equity Tender Offer and pay related fees and expenses.

Equity Tender Offer

On April 5, 2013, the Company commenced a cash tender offer to purchase up to 4,651,162 shares of its common stock at a price of $43.00 per share (the “Equity Tender Offer”). During the second quarter, the Company purchased 4,651,162 shares pursuant to the Equity Tender Offer at a purchase price of $43.00 per share for an aggregate purchase price of approximately $200,000. The Company used the proceeds from the issuance of the Senior PIK Toggle Notes (described above), together with cash on hand, to finance the purchase of shares pursuant to the Equity Tender Offer.

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Business Segments

3 Months Ended

Mar. 31, 2013

Business Segments [Abstract]

Business Segments

14. Business Segments

ASC 280, “Segment Reporting,” establishes the standards for reporting information about operating segments in financial statements. In applying the criteria set forth in ASC 280, the Company has determined that it operates in two segments, North America and International. The Company’s principal product lines within each of these segments are body and chassis products and fluid handling products. 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.

The Company intends to revise its segment disclosures beginning with the second quarter of 2013 from the two segments described above to four reportable segments, North America, Europe, South America and Asia Pacific. The Company organized, managed and reported its global business operations through the two geographic regions in the first quarter of 2013. In April 2013, the Company initiated a process of accumulating, summarizing and analyzing financial information under the four reportable segments. This new financial information will be used by management and the Company will modify its segment reporting starting in the second quarter of 2013.

The following table details information on the Company’s business segments:

	Three Months Ended March 31,
	2012			2013
Sales to external customers
North America	$	388,135		$	382,808
International		377,129			364,749
Consolidated	$	765,264		$	747,557
Intersegment sales
North America	$	2,003		$	3,734
International		3,069			3,397
Eliminations and other		(5,072	)		(7,131	)
Consolidated	$	—		$	—
Segment profit (loss)
North America	$	38,005		$	33,806
International		(5,797	)		(6,042	)
Income before income taxes	$	32,208		$	27,764
Restructuring cost included in segment profit (loss)
North America	$	4,700		$	1,784
International		1,394			2,976
Consolidated	$	6,094		$	4,760

	December 31, 2012		March 31, 2013
Segment assets
North America	$	772,269	$	819,632
International		962,398		964,137
Eliminations and other		291,310		271,697
Consolidated	$	2,025,977	$	2,055,466

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Redeemable Preferred Stock

3 Months Ended

Mar. 31, 2013

Redeemable Preferred Stock [Abstract]

Redeemable Preferred Stock

10. Redeemable Preferred Stock

The following table summarizes the Company’s 7% preferred stock activity for the three months ended March 31, 2013:

	Preferred Shares			Preferred Stock
Balance at January 1, 2013		958,333		$	121,649
Stock-based compensation		—			405
Repurchased preferred stock shares		(318	)		(57	)
Forfeited shares		(998	)		—
Balance at March 31, 2013		957,017		$	121,997

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Business Segments (Details Textual)	3 Months Ended
	Mar. 31, 2013 Segment
Business Segments (Textual) [Abstract]
Number of operating segment	2
Number of reportable segments	4

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Accumulated Other Comprehensive Loss, Equity and Redeemable Noncontrolling Interests

3 Months Ended

Mar. 31, 2013

Accumulated Other Comprehensive Loss, Equity and Redeemable Noncontrolling Interests [Abstract]

Accumulated Other Comprehensive Income, Equity and Redeemable Noncontrolling Interests

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

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

	Cumulative currency translation adjustment			Benefit plan liability			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)		(9,292	)		1,008			484			(7,800	)
Balance at March 31, 2013	$	9,028		$	(63,010	)	$	734		$	(53,248	)

Amounts in parentheses indicate debits.

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

Details about accumulated other comprehensive loss components	Gain (loss) reclassified			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		Cost of products sold
		10		Income before income taxes
		(3	)	Provision for income tax expense
	$	7		Consolidated net income
Amortization of defined benefit and other postretirement benefit plans
Prior service credits	$	159	1
Actuarial losses		(472	) 1
		(313	)	Income before income taxes
		97		Benefit for income tax expense
	$	(216	)	Consolidated net income
Total reclassifications for the period	$	(209	)

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, 2013:

	Cooper- Standard Holdings Inc.			Noncontrolling Interest			Total Equity			Redeemable Noncontrolling Interests
Equity at January 1, 2013	$	628,326		$	905		$	629,231		$	14,194
Net income (loss)		20,701			(8	)		20,693			(820	)
Preferred stock dividends		(1,677	)		—			(1,677	)		—
Repurchase common stock		(11,098	)		—			(11,098	)		—
Other comprehensive loss		(7,800	)		—			(7,800	)		(130	)
Stock-based compensation		2,970			—			2,970			—
Accretion of redeemable noncontrolling interests		(219	)		—			(219	)		219
Purchase of noncontrolling interest		(885	)		(1,026	)		(1,911	)		—
Equity at March 31, 2013	$	630,318		$	(129	)	$	630,189		$	13,463

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

3 Months Ended

Mar. 31, 2013

Net Income Per Share Attributable to Cooper-Standard Holdings Inc. [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 using the two-class method by dividing net income attributable to Cooper-Standard Holdings Inc., after deducting dividends on the Company’s 7% preferred stock, premium paid for redemption of preferred stock and undistributed earnings allocated to participating securities, by the weighted average number of common shares outstanding during the period excluding unvested restricted shares. The Company’s shares of 7% preferred stock outstanding are considered participating securities. A summary of information used to compute basic net income per share attributable to Cooper-Standard Holdings Inc. is shown below:

	Three Months Ended March 31,
	2012			2013
Net income attributable to Cooper-Standard Holdings Inc.	$	23,787		$	20,701
Less: Preferred stock dividends (paid or unpaid)		(1,689	)		(1,677	)
Less: Premium paid for redemption of preferred stock		(974	)		—
Less: Undistributed earnings allocated to participating securities		(3,938	)		(3,724	)
Net income available to Cooper-Standard Holdings Inc. common stockholders	$	17,186		$	15,300
Weighted average shares of common stock outstanding		17,705,918			16,621,120
Basic net income per share attributable to Cooper-Standard Holdings Inc.	$	0.97		$	0.92

Diluted net income per share attributable to Cooper-Standard Holdings Inc. was computed using the treasury stock method dividing net income attributable 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. Diluted net income per share attributable to Cooper-Standard Holdings Inc. computed using the two-class method was anti-dilutive. A summary of information used to compute diluted net income per share attributable to Cooper-Standard Holdings Inc. is shown below:

	Three Months Ended March 31,
	2012		2013
Net income available to Cooper-Standard Holdings Inc. common stockholders	$	17,186	$	15,300
Weighted average common shares outstanding		17,705,918		16,621,120
Dilutive effect of:
Common restricted stock		336,363		252,817
Preferred restricted stock		66,947		32,315
Warrants		825,988		693,043
Options		151,584		112,083
Weighted average dilutive shares of common stock outstanding		19,086,800		17,711,378
Diluted net income per share attributable to Cooper-Standard Holdings Inc.	$	0.90	$	0.86

The effect of certain common stock equivalents, including the convertible preferred stock and options, were excluded from the computation of weighted average diluted shares outstanding for the three months ended March 31, 2012 and 2013, as inclusion would have resulted in antidilution. A summary of these preferred shares (as if converted) and options are shown below:

	Three Months Ended March 31,
	2012	2013
Number of options	252,401	471,898
Exercise price	$43.50-46.75	$43.50-52.50
Preferred shares, as if converted	4,057,316	4,045,852
Preferred dividends, undistributed earnings and premium allocated to participating securities that would be added back in the diluted calculation	$6,601	$5,401

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Stock-Based Compensation

3 Months Ended

Mar. 31, 2013

Stock-Based Compensation [Abstract]

Stock-Based Compensation

11. Stock-Based Compensation

On May 27, 2010, the Company adopted the 2010 Cooper-Standard Holdings, Inc. Management Incentive Plan. In 2011, the Company adopted the 2011 Omnibus Incentive Plan, which amended, restated and replaced the 2010 Cooper-Standard Holdings, Inc. Management Incentive Plan. Under these plans, stock options, restricted common stock, restricted preferred stock, unrestricted common stock and restricted stock units have been granted to key employees and directors. Total compensation expense recognized for the three months ended March 31, 2012 and 2013 totaled $4,825 and $3,800, respectively.

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Guarantor and Non-Guarantor Subsidiaries (Details Textual) (Senior Notes [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	May 27, 2010
Senior Notes [Member]
Guarantor and Non-Guarantor Subsidiaries (Textual) [Abstract]
Senior Notes, principal amount		$ 450,000
Senior notes stated percentage	8.50%
Senior notes maturity	2018

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Financial Instruments (Details Textual) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012
Financial Instruments (Textual) [Abstract]
Fair value of contracts recorded in asset position in other current assets	$ 83,261		$ 87,802
Liability position recorded in accrued liabilities	89,948		80,148
Financial Instruments (Additional Textual) [Abstract]
Senior unsecured notes principal amount	450,000		450,000
Undesignated derivative forward contracts	211
Unrealized gains (loss) related to forward contracts	(188)	2,834
Maturity date of foreign currency derivative contracts	Apr. 30, 2014
Ownership Percentage by company	51.00%
Percentage of ownership Right of Non controlling to purchase by company	49.00%
Estimated redemption value of put option	10,290
Amount of accretion	219
Preferred stock	121,997		121,649
Fair value of the redeemable preferred stock	184,967		169,193
Interest Rate Swap [Member]
Financial Instruments (Textual) [Abstract]
USD notional amount	1,032
Fair value of interest rate swap	40
Interest expense for interest rate swap	40	53
Reclassified interest expense	40
Swap contract maturity date	Sep. 30, 2013
Foreign Exchange Forward [Member]
Financial Instruments (Textual) [Abstract]
Notional amount of foreign currency cash flow	18,520
Fair value of contracts recorded in asset position in other current assets	563
Liability position recorded in accrued liabilities	14
Amount reclassified from AOCI into cost of products sold	(50)
Transaction period of Forward foreign exchange contracts	2013-12
Senior Notes [Member]
Financial Instruments (Textual) [Abstract]
Fair values of the Senior Notes	$ 487,125		$ 480,938

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Guarantor and Non-Guarantor Subsidiaries (Details 2) (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	$ (13,301,000)	$ (34,602,000)
INVESTING ACTIVITIES
Capital expenditures, including other intangible assets	(34,269,000)	(29,198,000)
Acquisition of businesses, net of cash acquired		(1,675,000)
Return on equity investments	2,120,000
Proceeds from sale of fixed assets	218,000	4,230,000
Net cash provided by (used in) investing activities	(31,931,000)	(26,643,000)
FINANCING ACTIVITIES
Increase in short-term debt	4,897,000	2,433,000
Principal payments on long-term debt	(1,763,000)	(1,799,000)
Purchase of noncontrolling interest	(1,911,000)
Repurchase of preferred stock		(4,870,000)
Repurchase of common stock	(11,098,000)
Other	(8,000)	16,000
Net cash provided by (used in) financing activities	(11,534,000)	(5,875,000)
Effects of exchange rate changes on cash and cash equivalents	2,924,000	1,329,000
Changes in cash and cash equivalents	(53,842,000)	(65,791,000)
Cash and cash equivalents at beginning of period	270,555,000	361,745,000
Cash and cash equivalents at end of period	216,713,000	295,954,000
Depreciation and amortization	29,800,000	31,600,000
Parent [Member]
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	1,700,000	1,700,000
INVESTING ACTIVITIES
Capital expenditures, including other intangible assets
Acquisition of businesses, net of cash acquired
Return on equity investments
Proceeds from sale of fixed assets
Net cash provided by (used in) investing activities
FINANCING ACTIVITIES
Increase in short-term debt
Principal payments on long-term debt
Purchase of noncontrolling interest
Repurchase of preferred stock
Repurchase of common stock
Other	(1,700,000)	(1,700,000)
Net cash provided by (used in) financing activities	(1,700,000)	(1,700,000)
Effects of exchange rate changes on cash and cash equivalents
Changes in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
Depreciation and amortization
Issuer [Member]
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	(4,400,000)	1,000,000
INVESTING ACTIVITIES
Capital expenditures, including other intangible assets	(6,400,000)	(6,500,000)
Acquisition of businesses, net of cash acquired
Return on equity investments
Proceeds from sale of fixed assets
Net cash provided by (used in) investing activities	(6,400,000)	(6,500,000)
FINANCING ACTIVITIES
Increase in short-term debt
Principal payments on long-term debt
Purchase of noncontrolling interest
Repurchase of preferred stock		(4,900,000)
Repurchase of common stock	(11,100,000)
Other	(2,800,000)	(1,500,000)
Net cash provided by (used in) financing activities	(13,900,000)	(6,400,000)
Effects of exchange rate changes on cash and cash equivalents
Changes in cash and cash equivalents	(24,700,000)	(11,900,000)
Cash and cash equivalents at beginning of period	177,500,000	189,600,000
Cash and cash equivalents at end of period	152,800,000	177,700,000
Depreciation and amortization	7,100,000	7,300,000
Guarantors [Member]
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	(2,400,000)	(500,000)
INVESTING ACTIVITIES
Capital expenditures, including other intangible assets	(4,100,000)	(3,500,000)
Acquisition of businesses, net of cash acquired
Return on equity investments	2,100,000
Proceeds from sale of fixed assets		4,000,000
Net cash provided by (used in) investing activities	(2,000,000)	500,000
FINANCING ACTIVITIES
Increase in short-term debt
Principal payments on long-term debt
Purchase of noncontrolling interest
Repurchase of preferred stock
Repurchase of common stock
Other
Net cash provided by (used in) financing activities
Effects of exchange rate changes on cash and cash equivalents
Changes in cash and cash equivalents	(4,400,000)
Cash and cash equivalents at beginning of period	4,400,000
Cash and cash equivalents at end of period
Depreciation and amortization	3,400,000	3,900,000
Non-Guarantors [Member]
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	(8,200,000)	(36,800,000)
INVESTING ACTIVITIES
Capital expenditures, including other intangible assets	(23,800,000)	(19,200,000)
Acquisition of businesses, net of cash acquired		(1,700,000)
Return on equity investments
Proceeds from sale of fixed assets	200,000	300,000
Net cash provided by (used in) investing activities	(23,600,000)	(20,600,000)
FINANCING ACTIVITIES
Increase in short-term debt	4,900,000	2,400,000
Principal payments on long-term debt	(1,800,000)	(1,800,000)
Purchase of noncontrolling interest	(1,900,000)
Repurchase of preferred stock
Repurchase of common stock
Other	2,900,000	1,600,000
Net cash provided by (used in) financing activities	4,100,000	2,200,000
Effects of exchange rate changes on cash and cash equivalents	2,900,000	1,400,000
Changes in cash and cash equivalents	(24,800,000)	(53,800,000)
Cash and cash equivalents at beginning of period	88,700,000	172,100,000
Cash and cash equivalents at end of period	63,900,000	118,300,000
Depreciation and amortization	19,300,000	20,400,000
Eliminations [Member]
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities
INVESTING ACTIVITIES
Capital expenditures, including other intangible assets
Acquisition of businesses, net of cash acquired
Return on equity investments
Proceeds from sale of fixed assets
Net cash provided by (used in) investing activities
FINANCING ACTIVITIES
Increase in short-term debt
Principal payments on long-term debt
Purchase of noncontrolling interest
Repurchase of preferred stock
Repurchase of common stock
Other
Net cash provided by (used in) financing activities
Effects of exchange rate changes on cash and cash equivalents
Changes in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
Depreciation and amortization

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Business Segments (Tables)

3 Months Ended

Mar. 31, 2013

Business Segments [Abstract]

Information on the Company's business segments

The following table details information on the Company’s business segments:

	Three Months Ended March 31,
	2012			2013
Sales to external customers
North America	$	388,135		$	382,808
International		377,129			364,749
Consolidated	$	765,264		$	747,557
Intersegment sales
North America	$	2,003		$	3,734
International		3,069			3,397
Eliminations and other		(5,072	)		(7,131	)
Consolidated	$	—		$	—
Segment profit (loss)
North America	$	38,005		$	33,806
International		(5,797	)		(6,042	)
Income before income taxes	$	32,208		$	27,764
Restructuring cost included in segment profit (loss)
North America	$	4,700		$	1,784
International		1,394			2,976
Consolidated	$	6,094		$	4,760

	December 31, 2012		March 31, 2013
Segment assets
North America	$	772,269	$	819,632
International		962,398		964,137
Eliminations and other		291,310		271,697
Consolidated	$	2,025,977	$	2,055,466

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Net Income Per Share Attributable to Cooper-Standard Holdings Inc. (Details 1) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Diluted net income per share attributable
Net income available to Cooper-Standard Holdings Inc. common stockholders	$ 15,300	$ 17,186
Weighted average common shares outstanding	16,621,120	17,705,918
Dilutive effect of:
Common restricted Stock	252,817	336,363
Preferred restricted Stock	32,315	66,947
Warrants	693,043	825,988
Options	112,083	151,584
Weighted average dilutive shares of common stock outstanding	17,711,378	19,086,800
Diluted net income per share attributable to Cooper-Standard Holdings Inc.	$ 0.86	$ 0.90

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Financial Instruments

3 Months Ended

Mar. 31, 2013

Financial Instruments [Abstract]

Financial Instruments

16. Financial Instruments

Fair values of the Senior Notes approximated $480,938 and $487,125 at December 31, 2012 and March 31, 2013, 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 redeemable preferred stock approximated $169,193 and $184,967 at December 31, 2012 and March 31, 2013, respectively, compared to the recorded values of $121,649 and $121,997 at December 31, 2012 and March 31, 2013, respectively. This fair value measurement is classified within Level 3 of the fair value hierarchy.

The Company completed an agreement with 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 percent ownership and FMEA has 49 percent ownership. 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 percent 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 a formula described above. The Company records the noncontrolling interests 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, which resulted in accretion of $219 for the three months ended March 31, 2013. Such accretion amounts are recorded as increases to redeemable noncontrolling interests with offsets to equity. According to authoritative accounting guidance, the redeemable noncontrolling interest is classified outside of permanent equity, in mezzanine equity, on the Company’s condensed consolidated balance sheets. As of March 31, 2013 the estimated redemption value of the put option is $10,290. The redemption amount 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, 2013 there was no difference between redemption value and fair value.

Derivative Instruments and Hedging Activities

The Company uses derivative financial instruments, including forwards 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 income (“AOCI”) 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 AOCI 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, accrued liabilities and other long-term 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, the Romanian Leu against the Euro and the Euro against the Polish Zloty and 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, 2013, the notional amount of these contracts was $18,520. The fair values of these contracts at March 31, 2013 were $563 in the asset position recorded in other current assets and $14 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 AOCI and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. The amount reclassified from AOCI into cost of products sold was $(50) for the three months ended March 31, 2013. These foreign currency derivative contracts consist of hedges of transactions up to December 2013.

Interest rate swaps – The Company has an interest rate swap contract to manage cash flow fluctuations of variable rate debt due to changes in market interest rates. This contract which fixes the interest payment of a certain variable rate debt instrument is accounted for as a cash flow hedge. As of March 31, 2013, the USD notional amount of this contract was $1,032. At March 31, 2013, the fair value before taxes of the Company’s interest rate swap contract was a liability of $40 and is recorded in accrued liabilities in the Company’s condensed consolidated balance sheet with the offset reflected in AOCI, net of deferred taxes. The amount reclassified from AOCI into interest expense for this swap was $53 and $40 for the three months ended March 31, 2012 and 2013, respectively. The amount to be reclassified in the next twelve months is expected to be approximately $40. The maturity date of this swap contract is September 2013.

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. At March 31, 2013, the fair value of the Company’s undesignated derivative forward contracts was a net liability of $211 and is recorded in other current assets, accrued liabilities and other long-term 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 gain (loss) for the three months ended March 31, 2012 and 2013 was $2,834 and $(188), 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, 2012 and March 31, 2013, are shown below:

	December 31, 2012
Contract	Asset (Liability)			Level 1		Level 2			Level 3
Interest rate swap	$	(68	)	$	—	$	(68	)	$	—
Forward foreign exchange contracts		(29	)		—		(29	)		—
Total	$	(97	)	$	—	$	(97	)	$	—
	March 31, 2013
Contract	Asset (Liability)			Level 1		Level 2			Level 3
Interest rate swap	$	(40	)	$	—	$	(40	)	$	—
Forward foreign exchange contracts		338			—		338			—
Total	$	298		$	—	$	298		$	—

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.”

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Restructuring (Tables)

3 Months Ended

Mar. 31, 2013

Restructuring [Abstract]

Summary of activity of restructuring

The following table summarizes the activity for these initiatives for the three months ended March 31, 2012 and 2013:

	Employee			Other
	Separation			Exit			Asset
	Costs			Costs			Impairments			Total
Balance at January 1, 2012	$	3,443		$	848		$	—		$	4,291
Expense		237			1,152			258			1,647
Cash payments		(353	)		(2,000	)		—			(2,353	)
Utilization of reserve		—			—			(258	)		(258	)
Balance at March 31, 2012	$	3,327		$	—		$	—		$	3,327

	Employee		Other
	Separation		Exit			Asset
	Costs		Costs			Impairments			Total
Balance at January 1, 2013	$	—	$	—		$	—		$	—
Expense		—		197			87			284
Cash payments		—		(197	)		—			(197	)
Utilization of reserve		—		—			(87	)		(87	)
Balance at March 31, 2013	$	—	$	—		$	—		$	—

The following table summarizes the activity for this initiative for the three months ended March 31, 2012 and 2013:

	Employee			Other
	Separation			Exit			Asset
	Costs			Costs			Impairments		Total
Balance at January 1, 2012	$	23,228		$	—		$	—	$	23,228
Expense		(35	)		832			—		797
Cash payments and foreign exchange translation		(3,783	)		(832	)		—		(4,615	)
Balance at March 31, 2012	$	19,410		$	—		$	—	$	19,410

	Employee			Other
	Separation			Exit			Asset
	Costs			Costs			Impairments		Total
Balance at January 1, 2013	$	2,054		$	—		$	—	$	2,054
Expense		145			580			—		725
Cash payments and foreign exchange translation		(452	)		(580	)		—		(1,032	)
Balance at March 31, 2013	$	1,747		$	—		$	—	$	1,747

The following table summarizes the activity for this initiative for the three months ended March 31, 2013:

	Employee			Other
	Separation			Exit		Asset
	Costs			Costs		Impairments		Total
Balance at January 1, 2013	$	13,507		$	—	$	—	$	13,507
Expense		2,004			—		—		2,004
Cash payments and foreign exchange translation		(6,621	)		—		—		(6,621	)
Balance at March 31, 2013	$	8,890		$	—	$	—	$	8,890

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Accumulated Other Comprehensive Loss, Equity and Redeemable Noncontrolling Interests (Details 2) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Summary of equity and redeemable noncontrolling interest activity
Equity at January 1, 2013	$ 629,231
Net income (loss)	19,873	24,146
Repurchase of common stock	(11,098)
Other comprehensive loss	(7,800)
Purchase of noncontrolling interest	(1,911)
Equity at March 31, 2013	630,189
Cooper-Standard Holdings [Member]
Summary of equity and redeemable noncontrolling interest activity
Equity at January 1, 2013	628,326
Net income (loss)	20,701
Preferred stock dividends	(1,677)
Repurchase of common stock	(11,098)
Other comprehensive loss	(7,800)
Stock-based compensation	2,970
Accretion of redeemable noncontrolling interests	(219)
Purchase of noncontrolling interest	(885)
Equity at March 31, 2013	630,318
Noncontrolling Interests [Member]
Summary of equity and redeemable noncontrolling interest activity
Equity at January 1, 2013	905
Net income (loss)	(8)
Purchase of noncontrolling interest	(1,026)
Equity at March 31, 2013	(129)
Redeemable Noncontrolling Interest [Member]
Summary of equity and redeemable noncontrolling interest activity
Equity at January 1, 2013	14,194
Net income (loss)	(820)
Other comprehensive loss	(130)
Accretion of redeemable noncontrolling interests	219
Equity at March 31, 2013	13,463
Equity [Member]
Summary of equity and redeemable noncontrolling interest activity
Equity at January 1, 2013	629,231
Net income (loss)	20,693
Preferred stock dividends	(1,677)
Repurchase of common stock	(11,098)
Other comprehensive loss	(7,800)
Stock-based compensation	2,970
Accretion of redeemable noncontrolling interests	(219)
Purchase of noncontrolling interest	(1,911)
Equity at March 31, 2013	$ 630,189

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Restructuring (Details Textual) (USD $) In Thousands, unless otherwise specified	3 Months Ended						3 Months Ended					3 Months Ended		12 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013 Centralized Shared Services Function [Member]	Dec. 31, 2012 Centralized Shared Services Function [Member]	Mar. 31, 2012 Centralized Shared Services Function [Member]	Dec. 31, 2011 Centralized Shared Services Function [Member]	Mar. 31, 2013 Joint Venture Agreement With FMEA [Member]	Jun. 30, 2011 Joint Venture Agreement With FMEA [Member]	Dec. 31, 2012 Joint Venture Agreement With FMEA [Member]	Mar. 31, 2012 Joint Venture Agreement With FMEA [Member]	Dec. 31, 2011 Joint Venture Agreement With FMEA [Member]	Mar. 31, 2012 Closure of Facility in North America [Member]	Mar. 31, 2013 Europe Facilities [Member]	Dec. 31, 2012 Europe Facilities [Member]
Restructuring (Textual) [Abstract]
Expense Incurred to Restructuring	$ 126	$ 303
Liability related to restructuring activities	130				3,327	4,291	1,747		2,054	19,410	23,228
Completion period of initiative								2013						2013
Post retirement benefit curtailment gain												1,539
Aggregate expense incurred related to restructuring	1,621		11,519				51,150						22,756
Aggregate liability related to restructuring activities	1,621
Additional expense related to restructuring	$ 0

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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Operating Activities:
Consolidated net income	$ 19,873	$ 24,146
Adjustments to reconcile consolidated net income to net cash used in operating activities:
Depreciation	25,956	27,784
Amortization of intangibles	3,891	3,833
Non-cash restructuring charges	87	258
Amortization of debt issuance cost	316	316
Stock-based compensation expense	3,800	4,825
Changes in operating assets and liabilities	(67,224)	(95,764)
Net cash used in operating activities	(13,301)	(34,602)
Investing activities:
Capital expenditures, including other intangible assets	(34,269)	(29,198)
Acquisition of businesses, net of cash acquired		(1,675)
Return on equity investments	2,120
Proceeds from sale of fixed assets	218	4,230
Net cash used in investing activities	(31,931)	(26,643)
Financing activities:
Increase in short term debt, net	4,897	2,433
Cash dividends paid	(1,651)	(1,655)
Principal payments on long-term debt	(1,763)	(1,799)
Purchase of noncontrolling interest	(1,911)
Repurchase of preferred stock		(4,870)
Repurchase of common stock	(11,098)
Other	(8)	16
Net cash used in financing activities	(11,534)	(5,875)
Effects of exchange rate changes on cash and cash equivalents	2,924	1,329
Changes in cash and cash equivalents	(53,842)	(65,791)
Cash and cash equivalents at beginning of period	270,555	361,745
Cash and cash equivalents at end of period	$ 216,713	$ 295,954

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Debt

3 Months Ended

Mar. 31, 2013

Debt [Abstract]

Debt

5. Debt

Outstanding debt consisted of the following at December 31, 2012 and March 31, 2013:

	December 31,			March 31,
	2012			2013
Senior notes	$	450,000		$	450,000
Other borrowings		33,365			35,664
Total debt	$	483,365		$	485,664
Less current portion		(32,556	)		(34,880	)
Total long-term debt	$	450,809		$	450,784

Senior ABL Facility

The Company’s senior secured asset-based revolving credit facility (“the Senior ABL Facility”) provides for an aggregate revolving loan availability of up to $125,000, subject to borrowing base availability, including a $45,000 letter of credit sub-facility and a $20,000 swing line sub-facility. The Senior ABL Facility also provides for an uncommitted $25,000 incremental loan facility, for a potential total Senior ABL Facility of $150,000 (if requested by the borrowers and any existing lenders or new 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. As of March 31, 2013, no amounts were drawn under the Senior ABL Facility, but there was approximately $26,976 of letters of credit outstanding.

On April 8, 2013 the Company entered into the Amended and Restated Senior ABL Facility, with certain lenders, which amended and restated the existing Senior ABL Facility. The Amended and Restated Senior ABL Facility provides for an aggregate revolving loan availability of up to $150,000, subject to borrowing base availability, including a $50,000 letter of credit sub-facility and a $25,000 swing line sub-facility. The Amended and Restated Senior ABL Facility also provides 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) is required to effect any such increase.

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Related Party Transactions (Details Textual) (USD $) In Thousands, unless otherwise specified	3 Months Ended				1 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013 Corporate Joint Venture [Member]	Mar. 31, 2012 Corporate Joint Venture [Member]	Mar. 31, 2013 Dividend Income [Member]	Mar. 31, 2012 Dividend Income [Member]
Related Party Transaction (Textual) [Abstract]
Joint Venture	20.00%	20.00%	40.00%	40.00%
Dividend received					$ 4,000	$ 800
Related Party Transaction (Additional Textual) [Abstract]
Receipt from NISCO related to earnings	1,880
Receipt from NISCO related to return on Capital on investment made	2,120
Sales to related party	11,570	12,241
Total Purchases of materials	$ 690	$ 873

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Inventories (Tables)

3 Months Ended

Mar. 31, 2013

Inventories [Abstract]

Summary of inventories

Inventories were comprised of the following at December 31, 2012 and March 31, 2013:

	December 31,		March 31,
	2012		2013
Finished goods	$	37,415	$	40,898
Work in process		32,383		35,638
Raw materials and supplies		73,455		86,384
Inventories	$	143,253	$	162,920

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Goodwill and Intangibles (Details 1) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Mar. 31, 2013	Dec. 31, 2012
Intangible assets and accumulated amortization balances
Gross Carrying Amount	$ 156,010	$ 155,652
Accumulated Amortization	(42,859)	(38,928)
Net Carrying Amount	113,151	116,724
Weighted Average Useful Life (Years)	6 years 10 months 24 days	7 years 1 month 6 days
Customer relationships [Member]
Intangible assets and accumulated amortization balances
Gross Carrying Amount	136,115	135,741
Accumulated Amortization	(37,637)	(34,184)
Net Carrying Amount	98,478	101,557
Weighted Average Useful Life (Years)	7 years 4 months 24 days	7 years 8 months 12 days
Developed technology [Member]
Intangible assets and accumulated amortization balances
Gross Carrying Amount	9,461	9,574
Accumulated Amortization	(4,491)	(4,143)
Net Carrying Amount	4,970	5,431
Weighted Average Useful Life (Years)	3 years 8 months 12 days	3 years 10 months 24 days
Other [Member]
Intangible assets and accumulated amortization balances
Gross Carrying Amount	10,434	10,337
Accumulated Amortization	(731)	(601)
Net Carrying Amount	$ 9,703	$ 9,736

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Guarantor and Non-Guarantor Subsidiaries

3 Months Ended

Mar. 31, 2013

Guarantor and Non-Guarantor Subsidiaries [Abstract]

Guarantor and Non-Guarantor Subsidiaries

15. Guarantor and Non-Guarantor Subsidiaries

In connection with the May 27, 2010 Reorganization of the Company, Cooper-Standard Automotive Inc. (the “Issuer”), a wholly-owned subsidiary of Cooper-Standard Holdings Inc., issued 8 ¹ /2% 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

Three Months Ended March 31, 2012

	Parent		Issuer			Guarantors			Non-Guarantors			Eliminations			Consolidated Totals
	(dollar amounts in millions)
Sales	$	—	$	147.4		$	163.1		$	503.3		$	(48.5	)	$	765.3
Cost of products sold		—		122.0			139.3			430.8			(48.5	)		643.6
Selling, administration, & engineering expenses		—		33.1			1.0			37.9			—			72.0
Amortization of intangibles		—		2.8			—			1.0			—			3.8
Restructuring		—		—			(0.2	)		6.3			—			6.1
Operating profit (loss)		—		(10.5	)		23.0			27.3			—			39.8
Interest expense, net of interest income		—		(9.3	)		—			(1.9	)		—			(11.2	)
Equity earnings (loss)		—		(0.9	)		1.0			0.7			—			0.8
Other income (expense), net		—		8.2			1.1			(6.4	)		—			2.9
Income (loss) before income taxes		—		(12.5	)		25.1			19.7			—			32.3
Provision for income tax expense (benefit)		—		(1.4	)		3.1			6.4			—			8.1
Income (loss) before equity in income of subsidiaries		—		(11.1	)		22.0			13.3			—			24.2
Equity in net income of subsidiaries		23.8		34.9			—			—			(58.7	)		—
Consolidated net income		23.8		23.8			22.0			13.3			(58.7	)		24.2
Net income attributable to noncontrolling interests		—		—			—			(0.4	)		—			(0.4	)
Net income attributable to Cooper-Standard Holdings Inc.	$	23.8	$	23.8		$	22.0		$	12.9		$	(58.7	)	$	23.8
Comprehensive income	$	39.4	$	39.4		$	22.0		$	28.5		$	(89.2	)	$	40.1
Less: Comprehensive income attributable to noncontrolling interests		—		—			—			(0.7	)		—			(0.7	)
Comprehensive income attributable to Cooper-Standard Holdings Inc.	$	39.4	$	39.4		$	22.0		$	27.8		$	(89.2	)	$	39.4

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

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
Provision (benefit) for income tax expense		—		(2.7	)		5.5		5.1			—			7.9
Income (loss) before equity in income (loss) subsidiaries		—		(11.7	)		24.8		6.8			—			19.9
Equity in net income of subsidiaries		20.7		32.4			—		—			(53.1	)		—
Consolidated net income		20.7		20.7			24.8		6.8			(53.1	)		19.9
Net loss attributable to noncontrolling interest		—		—			—		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 BALANCE SHEET

December 31, 2012

	Parent		Issuer		Guarantors			Non-Guarantors			Eliminations			Consolidated Totals
	(dollar amounts in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	177.5	$	4.4		$	88.7		$	—		$	270.6
Accounts receivable, net		—		54.8		72.6			222.7			—			350.1
Tooling receivable		—		13.4		12.1			91.4			—			116.9
Inventories		—		18.8		28.5			96.0			—			143.3
Prepaid expenses		—		5.9		0.3			15.7			—			21.9
Other		—		35.5		0.6			51.7			—			87.8
Total current assets		—		305.9		118.5			566.2			—			990.6
Investments in affiliates and intercompany accounts, net		628.3		339.7		998.7			(52.9	)		(1,851.6	)		62.2
Property, plant, and equipment, net		—		88.2		56.5			483.9			—			628.6
Goodwill		—		111.1		—			22.6			—			133.7
Other assets		—		80.9		48.2			81.8			—			210.9
	$	628.3	$	925.8	$	1,221.9		$	1,101.6		$	(1,851.6	)	$	2,026.0
LIABILITIES & EQUITY
Current liabilities:
Debt payable within one year	$	—	$	—	$	—		$	32.6		$	—		$	32.6
Accounts payable		—		45.4		41.3			184.7			—			271.4
Accrued liabilities		—		59.1		5.4			118.5			—			183.0
Total current liabilities		—		104.5		46.7			335.8			—			487.0
Long-term debt		—		450.0		—			0.8			—			450.8
Other liabilities		—		167.4		(0.2	)		156.0			—			323.2
Total liabilities		—		721.9		46.5			492.6			—			1,261.0
Redeemable noncontrolling interests		—		—		—			14.2			—			14.2
Preferred stock		—		121.6		—			—			—			121.6
Total Cooper-Standard Holdings Inc. equity		628.3		82.3		1,175.4			593.9			(1,851.6	)		628.3
Noncontrolling interests		—		—		—			0.9			—			0.9
Total equity		628.3		82.3		1,175.4			594.8			(1,851.6	)		629.2
Total liabilities and equity	$	628.3	$	925.8	$	1,221.9		$	1,101.6		$	(1,851.6	)	$	2,026.0

CONDENSED CONSOLIDATING BALANCE SHEET

March 31, 2013

	Parent		Issuer		Guarantors			Non-Guarantors			Eliminations			Consolidated Totals
	(dollar amounts in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	—	$	152.8	$	—		$	63.9		$	—		$	216.7
Accounts receivable, net		—		64.4		81.1			259.4			—			404.9
Tooling receivable		—		18.3		14.6			100.2			—			133.1
Inventories		—		20.8		31.7			110.4			—			162.9
Prepaid expenses		—		4.3		0.4			22.8			—			27.5
Other		—		35.6		(1.0	)		48.7			—			83.3
Total current assets		—		296.2		126.8			605.4			—			1,028.4
Investments in affiliates and intercompany accounts, net		630.3		292.9		1,066.6			(73.6	)		(1,856.1	)		60.1
Property, plant, and equipment, net		—		90.3		56.2			478.2			—			624.7
Goodwill		—		111.1		—			22.1			—			133.2
Other assets		—		131.7		0.1			77.3			—			209.1
	$	630.3	$	922.2	$	1,249.7		$	1,109.4		$	(1,856.1	)	$	2,055.5
LIABILITIES & EQUITY
Current liabilities:
Debt payable within one year	$	—	$	—	$	—		$	34.9		$	—		$	34.9
Accounts payable		—		47.7		45.3			188.0			—			281.0
Accrued liabilities		—		78.3		4.3			123.7			—			206.3
Total current liabilities		—		126.0		49.6			346.6			—			522.2
Long-term debt		—		450.0		—			0.8			—			450.8
Other liabilities		—		164.4		(0.1	)		152.5			—			316.8
Total liabilities		—		740.4		49.5			499.9			—			1,289.8
Redeemable noncontrolling interests		—		—		—			13.5			—			13.5
Preferred stock		—		122.0		—			—			—			122.0
Total Cooper-Standard Holdings Inc. equity		630.3		59.8		1,200.2			596.1			(1,856.1	)		630.3
Noncontrolling interests		—		—		—			(0.1	)		—			(0.1	)
Total equity		630.3		59.8		1,200.2			596.0			(1,856.1	)		630.2
Total liabilities and equity	$	630.3	$	922.2	$	1,249.7		$	1,109.4		$	(1,856.1	)	$	2,055.5

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Three Months Ended March 31, 2012

	Parent			Issuer			Guarantors			Non-Guarantors			Eliminations		Consolidated Totals
	(dollar amounts in millions)
OPERATING ACTIVITIES
Net cash provided by (used in) operating activities	$	1.7		$	1.0		$	(0.5	)	$	(36.8	)	$	—	$	(34.6	)
INVESTING ACTIVITIES
Capital expenditures, including other intangible assets		—			(6.5	)		(3.5	)		(19.2	)		—		(29.2	)
Acquisition of businesses, net of cash acquired		—			—			—			(1.7	)		—		(1.7	)
Proceeds from the sale of assets		—			—			4.0			0.3			—		4.3
Net cash provided by (used in) investing activities		—			(6.5	)		0.5			(20.6	)		—		(26.6	)
FINANCING ACTIVITIES
Increase in short-term debt		—			—			—			2.4			—		2.4
Principal payments on long-term debt		—			—			—			(1.8	)		—		(1.8	)
Repurchase of preferred stock		—			(4.9	)		—			—			—		(4.9	)
Other		(1.7	)		(1.5	)		—			1.6			—		(1.6	)
Net cash provided by (used in) financing activities		(1.7	)		(6.4	)		—			2.2			—		(5.9	)
Effects of exchange rate changes on cash		—			—			—			1.4			—		1.4
Changes in cash and cash equivalents		—			(11.9	)		—			(53.8	)		—		(65.7	)
Cash and cash equivalents at beginning of period		—			189.6			—			172.1			—		361.7
Cash and cash equivalents at end of period	$	—		$	177.7		$	—		$	118.3		$	—	$	296.0
Depreciation and amortization	$	—		$	7.3		$	3.9		$	20.4		$	—	$	31.6

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

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, including other intangible assets		—			(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		—			—			—			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