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

9 Months Ended

Sep. 30, 2013

Changes in Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component for the three and nine months ended September 30, 2013, net of related tax, are as follows:


	Three Months ended September 30, 2013
	Cumulative currency translation adjustment			Benefit plan liability			Fair value change of derivatives			Accumulated other comprehensive loss
Balance at July 1, 2013	$	(5,111	)	$	(62,673	)	$	(166	)	$	(67,950	)
Other comprehensive income (loss) before reclassifications		14,501			(979	)		130			13,652
Amounts reclassified from accumulated other comprehensive income (loss)		—			239			(39	)		200

Net current period other comprehensive income (loss)⁽¹⁾		14,501			(740	)		91			13,852

Balance at September 30, 2013	$	9,390		$	(63,413	)	$	(75	)	$	(54,098	)


Amounts in parentheses indicate debits.

(1) Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of $24. Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $3.

	Nine Months ended September 30, 2013
	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 loss before reclassifications		(8,930	)		(74	)		(53	)		(9,057	)
Amounts reclassified from accumulated other comprehensive income (loss)		—			679			(272	)		407

Net current period other comprehensive income (loss)⁽¹⁾		(8,930	)		605			(325	)		(8,650	)

Balance at September 30, 2013	$	9,390		$	(63,413	)	$	(75	)	$	(54,098	)


Amounts in parentheses indicate debits.

(1) Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of ($376). Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $128.

Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

The reclassifications out of accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2013 are as follows:


	Gain (loss) reclassified						Location of gain (loss) reclassified into income
Details about accumulated other	Three months ended			Nine months ended
comprehensive loss components	September 30, 2013			September 30, 2013
Fair value change of derivatives
Interest rate contracts	$	(21	)	$	209		Interest expense, net of interest income
Foreign exchange contracts		68			181		Cost of products sold

		47			390		Income before income taxes
		(8	)		(118	)	Income tax expense

	$	39		$	272		Consolidated net income

Amortization of defined benefit and other postretirement benefit plans
Prior service credits	$	161		$	472	⁽¹⁾
Actuarial losses		(495	)		(1,427	)⁽¹⁾

		(334	)		(955	)	Income before income taxes
		95			276		Income tax benefit

	$	(239	)	$	(679	)	Consolidated net income

Total reclassifications for the period	$	(200	)	$	(407	)

⁽¹⁾	These accumulated other comprehensive income components are included in the computation of net periodic pension cost. (See Note 7. “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 nine months ended September 30, 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)		68,729			(25	)		68,704			(2,399	)
Preferred stock dividends		(4,569	)		—			(4,569	)		—
Repurchase of common stock		(217,549	)		—			(217,549	)		—
Conversion of preferred shares		18,252			—			18,252
Warrant exercise		11,252			—			11,252			—
Other comprehensive income (loss)		(8,650	)		(1	)		(8,651	)		60
Stock-based compensation		3,026			—			3,026			—
Shares issued under stock option plans		(593	)		—			(593	)		—
Accretion of redeemable noncontrolling interests		(656	)		—			(656	)		656
Purchase of noncontrolling interest		(885	)		(1,026	)		(1,911	)		—

Equity at September 30, 2013	$	496,683		$	(147	)	$	496,536		$	12,511