Accumulated Other Comprehensive Loss, Equity and Redeemable Noncontrolling Interests

3 Months Ended

Mar. 31, 2013

Accumulated Other Comprehensive Loss, 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