10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 ___________________________________ 

FORM 10-Q

 ___________________________________

(Mark One)

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

For the quarterly period ended June 30, 2014

or

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

For the transition period from __________ to __________.

Commission File Number: 000-54305

  ______________________________

COOPER-STANDARD HOLDINGS INC.

(Exact name of registrant as specified in its charter)

 ______________________________

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

39550 Orchard Hill Place Drive

Novi, Michigan 48375

(Address of principal executive offices)

(Zip Code)

(248) 596-5900

(Registrant’s telephone number, including area code)

 ______________________________

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

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

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

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

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

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

As of July 28, 2014 there were 17,071,150 shares of the registrant’s common stock, $0.001 par value, outstanding.

COOPER-STANDARD HOLDINGS INC.

Form 10-Q

For the period ended June 30, 2014

		Page
	PART I. FINANCIAL INFORMATION
Item 1.	Financial Statements (unaudited)
	Condensed Consolidated Statements of Comprehensive Income	3
	Condensed Consolidated Balance Sheets	4
	Condensed Consolidated Statements of Cash Flows	5
	Notes to Condensed Consolidated Financial Statements	6
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	22
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	30
Item 4.	Controls and Procedures	30
	PART II. OTHER INFORMATION
Item 1.	Legal Proceedings	31
Item 1A.	Risk Factors	31
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	31
Item 6.	Exhibits	32
SIGNATURES		33
INDEX TO EXHIBITS AND EXHIBITS		34

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 June 30,						Six Months Ended June 30,
	2013			2014			2013			2014
Sales	$	784,707		$	857,553		$	1,532,284		$	1,695,159
Cost of products sold	652,443			711,444			1,279,707			1,414,791
Gross profit	132,264			146,109			252,577			280,368
Selling, administration & engineering expenses	72,745			81,873			147,839			161,244
Amortization of intangibles	3,858			3,997			7,749			8,433
Restructuring	1,088			3,756			5,848			6,845
Operating profit	54,573			56,483			91,141			103,846
Interest expense, net of interest income	(13,575		)	(10,919		)	(24,782		)	(25,927		)
Equity earnings	3,363			1,745			6,098			2,981
Other expense, net	(6,013		)	(28,633		)	(6,345		)	(28,803		)
Income before income taxes	38,348			18,676			66,112			52,097
Income tax expense	12,202			4,424			20,093			16,488
Net income	26,146			14,252			46,019			35,609
Net (income) loss attributable to noncontrolling interests	1,286			(1,058		)	2,114			(2,680		)
Net income attributable to Cooper-Standard Holdings Inc.	$	27,432		$	13,194		$	48,133		$	32,929
Net income available to Cooper-Standard Holdings Inc. common stockholders	$	20,552		$	13,194		$	35,913		$	32,929
Earnings per share:
Basic	$	1.45		$	0.78		$	2.33		$	1.96
Diluted	$	1.34		$	0.72		$	2.19		$	1.82
Comprehensive income	$	11,858		$	18,619		$	23,801		$	39,349
Comprehensive (income) loss attributable to noncontrolling interests	872			(1,034		)	1,830			(2,832		)
Comprehensive income attributable to Cooper-Standard Holdings Inc.	$	12,730		$	17,585		$	25,631		$	36,517

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

3

COOPER-STANDARD HOLDINGS INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Dollar amounts in thousands except share amounts)

	December 31, 2013			June 30, 2014
				(unaudited)
Assets
Current assets:
Cash and cash equivalents	$	184,370		$	207,385
Accounts receivable, net	365,750			437,983
Tooling receivable	156,205			150,828
Inventories	179,766			186,043
Prepaid expenses	26,940			26,562
Other	82,301			109,860
Total current assets	995,332			1,118,661
Property, plant and equipment, net	732,902			747,727
Goodwill	139,701			139,402
Intangibles, net	101,436			94,292
Deferred tax assets	34,235			28,737
Other assets	99,148			108,026
Total assets	$	2,102,754		$	2,236,845
Liabilities and Equity
Current liabilities:
Debt payable within one year	$	28,329		$	29,534
Accounts payable	355,394			313,778
Payroll liabilities	97,146			126,142
Accrued liabilities	89,302			82,185
Total current liabilities	570,171			551,639
Long-term debt	656,095			762,983
Pension benefits	151,113			144,725
Postretirement benefits other than pensions	57,224			56,358
Deferred tax liabilities	11,146			8,932
Other liabilities	36,280			41,307
Total liabilities	1,482,029			1,565,944
Redeemable noncontrolling interests	5,153			5,154
7% Cumulative participating convertible preferred stock, $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding	—			—
Equity:
Common stock, $0.001 par value, 190,000,000 shares authorized at December 31, 2013 and June 30, 2014; 18,226,223 shares issued and 16,676,539 outstanding at December 31, 2013 and 18,580,560 shares issued and 17,030,876 outstanding at June 30, 2014	17			17
Additional paid-in capital	489,052			501,225
Retained earnings	156,775			188,358
Accumulated other comprehensive loss	(27,694		)	(24,107		)
Total Cooper-Standard Holdings Inc. equity	618,150			665,493
Noncontrolling interests	(2,578		)	254
Total equity	615,572			665,747
Total liabilities and equity	$	2,102,754		$	2,236,845

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)

	Six Months Ended June 30,
	2013			2014
Operating Activities:
Net income	$	46,019		$	35,609
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	50,237			48,293
Amortization of intangibles	7,749			8,433
Stock-based compensation expense	5,634			7,829
Equity earnings, net of dividends related to earnings	(2,844		)	(712		)
Loss on extinguishment of debt	—			30,488
Gain on sale of investment	—			(1,882		)
Deferred income taxes	15,232			3,284
Other	(843		)	(297		)
Changes in operating assets and liabilities	(148,672		)	(76,846		)
Net cash provided by (used in) operating activities	(27,488		)	54,199
Investing activities:
Capital expenditures	(70,072		)	(110,827		)
Return on equity investments	2,120			951
Proceeds from sale of investment	—			3,216
Proceeds from sale of fixed assets and other	269			2,173
Net cash used in investing activities	(67,683		)	(104,487		)
Financing activities:
Proceeds from issuance of Senior PIK Toggle Notes, net of debt issuance costs	194,943			—
Proceeds from issuance of long-term debt, net of debt issuance costs	—			738,865
Repurchase of Senior Notes and Senior PIK Toggle Notes	—			(675,615		)
Increase (decrease) in short-term debt, net	4,307			(394		)
Borrowings on long-term debt	—			6,497
Principal payments on long-term debt	(2,593		)	(125		)
Preferred stock cash dividends paid	(1,651		)	—
Purchase of noncontrolling interest	(1,911		)	—
Repurchase of common stock	(217,240		)	—
Proceeds from exercise of warrants	11,252			6,892
Taxes withheld and paid on employees' share based payment awards	(5,399		)	(3,842		)
Other	1,074			(317		)
Net cash provided by (used in) financing activities	(17,218		)	71,961
Effects of exchange rate changes on cash and cash equivalents	2,285			1,342
Changes in cash and cash equivalents	(110,104		)	23,015
Cash and cash equivalents at beginning of period	270,555			184,370
Cash and cash equivalents at end of period	$	160,451		$	207,385

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

5

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

(Dollar amounts in thousands except per share and share amounts)

1. Overview

Basis of presentation

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

The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information and should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013 (the "2013 Annual Report"), as filed with the SEC. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. These financial statements include all adjustments (consisting of normal, recurring adjustments) considered necessary for a fair presentation of the financial position and results of operations of the Company. Certain prior period amounts have been reclassified to conform to the current period financial statement presentation. The operating results for the interim period ended June 30, 2014 are not necessarily indicative of results for the full year. In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through the date the financial statements were issued.

Disposition

In June 2014, the Company entered into an agreement to sell its thermal and emissions product line, which will allow the Company to focus on its four core product groups. The sale closed in the third quarter of 2014. As of June 30, 2014, the Company had reclassified approximately $25,000, primarily consisting of property, plant and equipment, net to other current assets as assets held for sale. The assets held for sale consist of approximately $15,000 and $10,000 relating to the North America and Europe segments, respectively. This disposition does not meet the discontinued operations criteria.

Recent accounting pronouncements

In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers (Topic 606). The core principle of this guidance is that a company should recognize revenue to depict the transfer of promised goods or services to a customer at an amount reflecting the consideration it expects to receive in exchange for those goods or services. The guidance is effective for the first interim period within annual reporting periods beginning after December 15, 2016, and early adoption is not permitted. The guidance allows for companies to use either a full retrospective or a modified retrospective approach when adopting. The Company is currently evaluating the impact of adopting this guidance on its condensed consolidated financial statements.

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

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

6

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except per share and share amounts)

2. Goodwill and Intangibles

The changes in the carrying amount of goodwill by reportable operating segment for the six months ended June 30, 2014 are summarized as follows:

	North America			Europe			South America		Asia Pacific			Total
Balance at January 1, 2014	$	119,870		$	14,460		$	—	$	5,371		$	139,701
Foreign exchange translation	(34		)	(135		)	—		(130		)	(299		)
Balance at June 30, 2014	$	119,836		$	14,325		$	—	$	5,241		$	139,402

Goodwill is not amortized, but is tested for impairment by reporting unit either annually or when events or circumstances indicate that impairment may exist. There were no indicators of potential impairment as of June 30, 2014.

The following table presents intangible assets and accumulated amortization balances of the Company as of December 31, 2013 and June 30, 2014, respectively:

	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	135,483	$	(46,466	)	$	89,017
Developed technology	9,757		(5,817		)	3,940
Other	9,530		(1,051		)	8,479
Balance at December 31, 2013	$	154,770	$	(53,334	)	$	101,436
Customer relationships	$	137,245	$	(54,522	)	$	82,723
Developed technology	9,718		(6,550		)	3,168
Other	9,707		(1,306		)	8,401
Balance at June 30, 2014	$	156,670	$	(62,378	)	$	94,292

Amortization expense totaled $3,858 and $3,997 for the three months ended June 30, 2013 and 2014, respectively, and $7,749 and $8,433 for the six months ended June 30, 2013 and 2014, respectively. Amortization expense is estimated to be approximately $16,000 for the year ending December 31, 2014.

3. Restructuring

Restructuring activities initiated prior to 2013

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

The following table summarizes the restructuring expense (reversal) for these initiatives for the three and six months ended June 30, 2013 and 2014:

	Three Months Ended June 30,					Six Months Ended June 30,
	2013		2014			2013		2014
Employee separation costs (reversals)	$	712	$	(301	)	$	2,861	$	(59	)
Other exit costs (reversals)	376		(61		)	1,279		226
Asset impairments	—		—			87		—
	$	1,088	$	(362	)	$	4,227	$	167

7

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except per share and share amounts)

The following table summarizes the activity in the restructuring liability for these initiatives for the six months ended June 30, 2014:

	Employee Separation Costs			Other Exit Costs			Asset Impairments		Total
Balance at January 1, 2014	$	819		$	16		$	—	$	835
Expense (reversal)	(59		)	226			—		167
Cash payments and foreign exchange translation	(667		)	(228		)	—		(895		)
Balance at June 30, 2014	$	93		$	14		$	—	$	107

Restructuring activities initiated in 2013

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

In the third quarter of 2013, the Company initiated the closure of a facility in Korea and the transfer of equipment to another facility in Korea. The Company has recognized $911 of costs related to this initiative and, as of June 30, 2014, this initiative was substantially completed. For the three and six months ended June 30, 2014, the Company recorded $156 and $284 of other exit costs, respectively, related to this initiative. As of June 30, 2014, the liability associated with this initiative is $0.

In the fourth quarter of 2013, the Company initiated the restructure of a facility in Europe. The estimated cost of this initiative is $20,900 and is expected to be completed in 2016. The Company has recognized $19,404 of costs related to this initiative.

The following table summarizes the restructuring expense for this initiative for the three and six months ended June 30, 2013 and 2014:

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2014		2013		2014
Employee separation costs	$	—	$	412	$	—	$	412
Other exit costs	—		2,533		—		4,806
	$	—	$	2,945	$	—	$	5,218

The following table summarizes the activity in the restructuring liability for this initiative for the six months ended June 30, 2014:

	Employee Separation Costs			Other Exit Costs			Asset Impairments		Total
Balance at January 1, 2014	$	13,501		$	—		$	—	$	13,501
Expense	412			4,806			—		5,218
Cash payments and foreign exchange translation	(2,586		)	(4,806		)	—		(7,392		)
Balance at June 30, 2014	$	11,327		$	—		$	—	$	11,327

Restructuring activities initiated in 2014

In the first half of 2014, the Company initiated the restructure of certain facilities in Europe. The estimated costs of these initiatives is $2,900 and are expected to be completed in 2014. For the three and six months ended June 30, 2014, the Company recorded $386 and $545 of other exit costs, respectively. In addition, for the three and six months ended June 30, 2014 the Company recorded $631 of employee separation costs. As of June 30, 2014, there was $518 liability associated with these initiatives.

8

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except per share and share amounts)

4. Inventories

Inventories were comprised of the following at December 31, 2013 and June 30, 2014:

	December 31, 2013		June 30, 2014
Finished goods	$	48,787	$	50,549
Work in process	38,929		43,078
Raw materials and supplies	92,050		92,416
	$	179,766	$	186,043

5. Debt

Outstanding debt consisted of the following at December 31, 2013 and June 30, 2014:

	December 31, 2013			June 30, 2014
Term loan	$	—		$	746,384
Senior notes	450,000			—
Senior PIK toggle notes	196,484			—
Other borrowings	37,940			46,133
Total debt	$	684,424		$	792,517
Less current portion	(28,329		)	(29,534		)
Total long-term debt	$	656,095		$	762,983

Senior ABL Facility

On April 8, 2013 the Company and certain of its subsidiaries entered into the Amended and Restated Senior Loan and Security Agreement (the “Amended Senior ABL Facility”), with certain lenders, which amended and restated the then existing senior secured asset-based revolving credit facility of the Company, dated May 27, 2010. The Amended Senior ABL Facility provided 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 Senior ABL Facility also provided for an uncommitted $75,000 incremental loan facility, for a potential total Amended Senior ABL Facility of $225,000 (if requested by the Company and one or more new or existing lenders agreed to fund such increase).

On April 4, 2014, the Company and certain of its subsidiaries entered into the Second Amended and Restated Loan Agreement (the "Senior ABL Facility"), which amended and restated the Amended Senior ABL Facility, in order to permit the Term Loan Facility (described below) and other related transactions. The Senior ABL Facility continues to provide for an aggregate revolving loan availability of up to $150,000, subject to borrowing base availability, including a $60,000 letter of credit sub-facility and the same $25,000 swing line sub-facility. The Senior ABL Facility also provided for an uncommitted $105,000 incremental loan facility, for a potential total Senior ABL Facility of $255,000 (if requested by the Company and one or more new or existing lenders agreed to fund such increase). The obligations under the Senior ABL Facility are secured by amongst other items (a) a first priority security interest in accounts receivable of the U.S. borrower and the U.S. guarantors arising from the sale of goods and services, and inventory, excluding certain property and subject to certain limitations (with obligations of the Canadian borrower secured also by comparable assets of the Canadian borrower and Canadian guarantors) and (b) a second priority security interest (subject to permitted liens and other customary exceptions) on (i) all the capital stock in restricted subsidiaries directly held by the U.S. borrower and each of the U.S. guarantors, (ii) substantially all material owned real property located in the U.S. and equipment of the U.S. borrower and the U.S. guarantors and (iii) all other material personal property of the U.S. borrower and the U.S. guarantors.

On June 11, 2014, the Company and certain of its subsidiaries entered into Amendment No. 1 to the Senior ABL Facility, which increased the aggregate revolving loan availability to $180,000, subject to borrowing base availability, principally by expanding a tooling receivable category of eligible borrowing base availability for the U.S. borrower and Canadian borrower. The Senior ABL Facility, as amended, also now provides for an uncommitted $75,000 incremental loan facility, for a potential total Senior ABL Facility of $255,000 (if requested by the Company and one or more new or existing 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

9

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except per share and share amounts)

June 30, 2014, subject to borrowing base availability, the Company had $180,000 in availability under the Senior ABL Facility supporting outstanding letters of credit of $35,576,465.

Term Loan Facility

On April 4, 2014, certain subsidiaries of the Company entered into a term loan facility (the “Term Loan Facility”) in order to (i) refinance the Senior PIK Toggle Notes due 2018 of the Company and the 8 1/2% Senior Notes due 2018 of Cooper-Standard Automotive Inc. (the "Senior Notes"), including applicable call premiums and accrued and unpaid interest, (ii) pay related fees and expenses and (iii) provide for working capital and other general corporate purposes. The Term Loan Facility provides for loans in an aggregate principal amount of $750,000 and may be expanded (or a new term loan facility added) by an amount that will not cause the consolidated first lien debt ratio to exceed 2.25 to 1.00 plus $300,000. All obligations of the borrower are guaranteed jointly and severally on a senior secured basis by the direct parent company of the borrower and each existing and subsequently acquired or organized direct or indirect wholly-owned U.S. restricted subsidiary of the borrower. The obligations are secured by amongst other items (a) a first priority security interest (subject to permitted liens and other customary exceptions) on (i) all the capital stock in restricted subsidiaries directly held by the borrower and each of the guarantors, (ii) substantially all plant, material owned real property located in the U.S. and equipment of the borrower and the guarantors and (iii) all other personal property of the borrower and the guarantors, and (b) a second priority security interest (subject to permitted liens and other customary exceptions) in accounts receivable of the borrowers and the guarantors arising from the sale of goods and services, inventory, excluding certain collateral and subject to certain limitations. Loans under the Term Loan Facility bear interest at a rate equal to, at the Borrower’s option, LIBOR, subject to a 1.00% LIBOR Floor or the base rate option (the highest of the Federal Funds rate, prime rate, or one-month Eurodollar rate plus the appropriate spread), in each case, plus an applicable margin of 3.00%. The Term Loan Facility matures on April 4, 2021. On April 4, 2014, the aggregate principal amount of $750,000 was fully drawn to extinguish the Senior PIK Toggle Notes and the Senior Notes and to pay related fees and expenses. As of June 30, 2014, the entire principle amount of $750,000 was outstanding. Debt issuance costs of approximately $7,900 were incurred on this transaction, along with the original issue discount of $3,750. Both the debt issuance costs and the original issue discount will be amortized into interest expense over the term of the Term Loan Facility. As of June 30, 2014, the Company had $3,616 of unamortized original issue discount.

Prepayment of the Notes

On March 21, 2014, the Company and Cooper-Standard Automotive Inc. commenced cash tender offers for any and all of the outstanding Senior PIK Toggle Notes and Senior Notes, respectively. Approximately 99% of the Senior PIK Toggle Notes and 49% of the Senior Notes were tendered and purchased on April 4, 2014, and the funds to redeem the remainder were deposited with the Trustee. The remaining redemptions were completed on April 21, 2014 for the Senior Notes and May 5, 2014 for the Senior PIK Toggle Notes.

As a result of the purchases and redemptions, the Company recognized a loss on extinguishment of $30,488 in the six months ended June 30, 2014, which was primarily due to call and make-whole premiums and the write off of approximately $4,500 in original issue discount and debt issuance costs.

The Company used borrowings under the Term Loan Facility (described above), together with cash on hand, to finance the repurchase and redemption of the Senior PIK Toggle Notes and the Senior Notes.

10

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except 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 and six months ended June 30, 2013 and 2014 for the Company’s defined benefit plans and other postretirement benefit plans:

	Pension Benefits
	Three Months Ended June 30,
	2013						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	305		$	877		$	213		$	867
Interest cost	3,052			1,691			3,370			1,812
Expected return on plan assets	(4,342		)	(936		)	(4,764		)	(972		)
Amortization of prior service cost and recognized actuarial loss	344			326			16			230
Settlement	783			—			—			—
Net periodic benefit cost (gain)	$	142		$	1,958		$	(1,165	)	$	1,937
	Pension Benefits
	Six Months Ended June 30,
	2013						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	610		$	1,765		$	426		$	1,728
Interest cost	6,104			3,401			6,740			3,614
Expected return on plan assets	(8,684		)	(1,885		)	(9,528		)	(1,930		)
Amortization of prior service cost and recognized actuarial loss	688			656			32			461
Settlement	783			—			—			—
Net periodic benefit cost (gain)	$	(499	)	$	3,937		$	(2,330	)	$	3,873

	Other Postretirement Benefits
	Three Months Ended June 30,
	2013						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	147		$	166		$	106		$	138
Interest cost	407			186			397			190
Amortization of prior service credit and recognized actuarial gain	(281		)	(35		)	(481		)	(73		)
Other	6			—			6			—
Net periodic benefit cost	$	279		$	317		$	28		$	255
	Other Postretirement Benefits
	Six Months Ended June 30,
	2013						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	294		$	334		$	212		$	274
Interest cost	814			374			794			378
Amortization of prior service credit and recognized actuarial gain	(562		)	(71		)	(962		)	(144		)
Other	12			—			12			—
Net periodic benefit cost	$	558		$	637		$	56		$	508

11

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except per share and share amounts)

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 and six months ended June 30, 2014 was 24% and 32%, respectively. The effective tax rate for the three and six months ended June 30, 2013 was 32% and 30%, respectively. The effective tax rate for the three months ended June 30, 2014 as compared to the three months ended June 30, 2013 is lower primarily due to the tax benefits related to the loss on extinguishment of debt recorded as a discrete item in the three months ended June 30, 2014. The higher effective tax rate for the six months ended June 30, 2014 as compared to the six months ended June 30, 2013 is primarily a result of the U.S. research and development tax credit not reenacted for 2014; therefore it is not reflected as a benefit in the 2014 effective tax rate. The higher effective tax rate was partly offset by the impacts of the tax benefits related to the loss on extinguishment of debt recorded as a discrete item in the three months ended June 30, 2014. The income tax rate for the three and six months ended June 30, 2014 varies from statutory rates due to the impact of discrete items in the quarter, 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.

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

The changes in accumulated other comprehensive income (loss) by component for the three and six months ended June 30, 2013 and 2014, net of related tax, are as follows:

	Three Months Ended June 30, 2013
	Cumulative currency translation adjustment			Benefit plan liability			Unrealized gain on investment securities		Fair value change of derivatives			Accumulated other comprehensive loss
Balance at April 1, 2013	$	9,028		$	(63,010	)	$	—	$	734		$	(53,248	)
Other comprehensive income (loss) before reclassifications	(14,139		)	113			—		(674		)	(14,700		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			224			—		(226		)	(2		)
Net current period other comprehensive income (loss)(1)	(14,139		)	337			—		(900		)	(14,702		)
Balance at June 30, 2013	$	(5,111	)	$	(62,673	)	$	—	$	(166	)	$	(67,950	)
Amounts in parentheses indicate debits.

(1) Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of ($498). Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $212.

12

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except per share and share amounts)

	Three Months Ended June 30, 2014
	Cumulative currency translation adjustment		Benefit plan liability			Unrealized gain on investment securities (2)			Fair value change of derivatives			Accumulated other comprehensive loss
Balance at April 1, 2014	$	3,692	$	(33,413	)	$	1,146		$	78		$	(28,497	)
Other comprehensive income (loss) before reclassifications	5,591		175			—			76			5,842
Amounts reclassified from accumulated other comprehensive income (loss)	—		(251		)	(1,146		)	(55		)	(1,452		)
Net current period other comprehensive income (loss)(1)	5,591		(76		)	(1,146		)	21			4,390
Balance at June 30, 2014	$	9,283	$	(33,489	)	$	—		$	99		$	(24,107	)
Amounts in parentheses indicate debits.

(1) Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of $(20). Other comprehensive income (loss) related to the unrealized gain on investment securities is net of a tax effect of $736. Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $(22).

(2) The unrealized gain on investment securities that was reclassified out of accumulated other comprehensive income (loss) related to the gain on the sale of investment of $1,882, which is recorded in other expense, net, less income tax expense of $736.

	Six Months Ended June 30, 2013
	Cumulative currency translation adjustment			Benefit plan liability			Unrealized gain on investment securities		Fair value change of derivatives			Accumulated other comprehensive loss
Balance at January 1, 2013	$	18,320		$	(64,018	)	$	—	$	250		$	(45,448	)
Other comprehensive loss before reclassifications	(23,431		)	905			—		(183		)	(22,709		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			440			—		(233		)	207
Net current period other comprehensive income (loss)(1)	(23,431		)	1,345			—		(416		)	(22,502		)
Balance at June 30, 2013	$	(5,111	)	$	(62,673	)	$	—	$	(166	)	$	(67,950	)
Amounts in parentheses indicate debits.

(1) Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of ($400). Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $125.

13

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except per share and share amounts)

	Six Months Ended June 30, 2014
	Cumulative currency translation adjustment		Benefit plan liability			Unrealized gain on investment securities (2)			Fair value change of derivatives			Accumulated other comprehensive loss
Balance at January 1, 2014	$	5,712	$	(33,406	)	$	—		$	—		$	(27,694	)
Other comprehensive loss before reclassifications	3,571		334			1,146			149			5,200
Amounts reclassified from accumulated other comprehensive income (loss)	—		(417		)	(1,146		)	(50		)	(1,613		)
Net current period other comprehensive income (loss)(1)	3,571		(83		)	—			99			3,587
Balance at June 30, 2014	$	9,283	$	(33,489	)	$	—		$	99		$	(24,107	)
Amounts in parentheses indicate debits.

(1) Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of $(94). Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $(81).

(2) The unrealized gain on investment securities that was reclassified out of accumulated other comprehensive income (loss) related to the gain on the sale of investment of $1,882, which is recorded in other expense, net, less income tax expense of $736.

The reclassifications out of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2013 and 2014 are as follows:

	Gain (loss) reclassified
	Three Months Ended June 30,						Six Months Ended June 30,
Details about accumulated other comprehensive loss components	2013			2014			2013			2014			Location of gain (loss) reclassified into income
Fair value change of derivatives
Interest rate contracts	$	270		$	—		$	230		$	—		Interest expense, net of interest income
Foreign exchange contracts	63			81			113			74			Cost of products sold
	333			81			343			74			Income before income taxes
	(107		)	(26		)	(110		)	(24		)	Income tax expense
	$	226		$	55		$	233		$	50		Consolidated net income
Amortization of defined benefit and other postretirement benefit plans
Prior service credits	$	153		$	169		$	311		$	251		(1)
Actuarial losses	(461		)	226			(932		)	450			(1)
	(308		)	395			(621		)	701			Income before income taxes
	84			(144		)	181			(284		)	Income tax expense
	$	(224	)	$	251		$	(440	)	$	417		Consolidated net income
Total reclassifications for the period	$	2		$	306		$	(207	)	$	467

14

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except per share and share amounts)

(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 six months ended June 30, 2014:

	Cooper-Standard Holdings Inc.			Noncontrolling Interests			Total Equity			Redeemable Noncontrolling Interest
Equity at January 1, 2014	$	618,150		$	(2,578	)	$	615,572		$	5,153
Net income	32,929			2,820			35,749			(140		)
Warrant exercise	6,892			—			6,892			—
Other comprehensive income	3,587			12			3,599			141
Stock-based compensation, net	4,647			—			4,647			—
Shares issued under stock option plans	(712		)	—			(712		)	—
Equity at June 30, 2014	$	665,493		$	254		$	665,747		$	5,154

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

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

15

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except per share and share amounts)

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

	Three Months Ended June 30,					Six Months Ended June 30,
	2013			2014		2013			2014
Net income attributable to Cooper-Standard Holdings Inc.	$	27,432		$	13,194	$	48,133		$	32,929
Less: 7% Preferred stock dividends (paid or unpaid)	(1,473		)	—		(3,150		)	—
Less: Undistributed earnings allocated to participating securities	(5,407		)	—		(9,070		)	—
Net income available to Cooper-Standard Holdings Inc. common stockholders	$	20,552		$	13,194	$	35,913		$	32,929
Increase in fair value of share-based awards	155			94		245			$	—
Diluted net income available to Cooper-Standard Holdings Inc. common stockholders	$	20,707		$	13,288	$	36,158		$	32,929
Basic weighted average shares of common stock outstanding	14,214,589			16,919,521		15,411,207			16,788,787
Dilutive effect of:
Restricted common stock	222,862			199,644		245,328			148,797
Restricted 7% preferred stock	21,867			—		29,703			—
Warrants	807,885			1,008,182		721,754			1,023,260
Options	144,003			302,879		120,063			102,900
Diluted weighted average shares of common stock outstanding	15,411,206			18,430,226		16,528,055			18,063,744
Basic net income per share attributable to Cooper-Standard Holdings Inc.	$	1.45		$	0.78	$	2.33		$	1.96
Diluted net income per share attributable to Cooper-Standard Holdings Inc.	$	1.34		$	0.72	$	2.19		$	1.82

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2014		2013		2014
Number of options	444,900		159,000		444,900		462,503
Exercise price	$45.00-52.50		$66.23-70.20		$45.00-52.50		$25.52-70.20
Restricted common stock	—		—		—		59,244
7% Preferred stock, as if converted	3,739,686		—		3,891,923		—
7% Preferred stock dividends, undistributed earnings and premium allocated to participating securities that would be added back in the diluted calculation	$	6,880	$	—	$	12,220	$	—

16

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except per share and share amounts)

10. Stock-Based Compensation

Under the Company's Omnibus incentive plans, stock options, restricted common stock, restricted 7% preferred stock, unrestricted common stock and restricted stock units have been granted to key employees and directors. Total compensation expense recognized was $1,834 and $3,923 for the three months ended June 30, 2013 and 2014, respectively, and $5,634 and $7,829 for the six months ended June 30, 2013 and 2014, respectively.

11. Other Expense, Net

The components of other expense, net are as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2014			2013			2014
Loss on extinguishment of debt	$	—		$	(30,288	)	$	—		$	(30,488	)
Foreign currency gains (losses)	(7,424		)	266			(7,164		)	798
Unrealized losses (gains) related to forward contracts	(305		)	4			(493		)	(34		)
Loss on sale of receivables	(425		)	(497		)	(798		)	(961		)
Gain on sale of investment	—			1,882			—			1,882
Miscellaneous income	2,141			—			2,110			—
Other expense, net	$	(6,013	)	$	(28,633	)	$	(6,345	)	$	(28,803	)

12. Related Party Transactions

Sales to Nishikawa Standard Company ("NISCO"), a 40% owned joint venture, totaled $12,264 and $8,197 for the three months ended June 30, 2013 and 2014, respectively, and $23,834 and $19,046 for the six months ended June 30, 2013 and 2014, respectively. In March 2013, the Company received from NISCO a dividend of $4,000, consisting of $1,880 related to earnings and a $2,120 return on capital. In March 2014, the Company received from NISCO a dividend of $1,760, consisting of $809 related to earnings and a $951 return of capital.

In the second quarter of 2014, the Company sold the remaining 17% of the common stock in Guyoung Technology Co. Ltd. for $3,216 and recorded a gain on the investment of $1,882. The gain is recorded in other expense, net on the Company's condensed consolidated statements of comprehensive income.

13. 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 four reportable segments, North America, Europe, South America and Asia Pacific. The Company’s principal product lines within each of these segments are sealing and trim systems, fuel and brake delivery systems, fluid transfer systems, thermal and emissions systems, and anti-vibration systems. The Company evaluates segment performance based on segment profit before tax. The results of each segment include certain allocations for general, administrative, interest, and other shared costs.

17

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except per share and share amounts)

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

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2014			2013			2014
Sales to external customers:
North America	$	400,098		$	452,187		$	782,906		$	884,792
Europe	283,647			305,738			548,154			613,899
South America	50,275			41,406			95,677			81,172
Asia Pacific	50,687			58,222			105,547			115,296
Consolidated	$	784,707		$	857,553		$	1,532,284		$	1,695,159
Intersegment sales:
North America	$	3,104		$	3,134		$	6,838		6,493
Europe	2,550			2,123			4,397			4,350
South America	—			—			—			—
Asia Pacific	2,316			1,625			4,421			3,472
Eliminations and other	(7,970		)	(6,882		)	(15,656		)	(14,315		)
Consolidated	$	—		$	—		$	—		$	—
Segment profit (loss):
North America	$	37,626		$	36,469		$	71,432		$	74,929
Europe	(1,231		)	(12,863		)	(7,284		)	(16,045		)
South America	(541		)	(4,309		)	(3,922		)	(6,816		)
Asia Pacific	2,494			(621		)	5,886			29
Income before income taxes	$	38,348		$	18,676		$	66,112		$	52,097
Restructuring cost included in segment profit (loss):
North America	$	104		$	79		$	1,888		$	177
Europe	989			3,515			3,959			6,378
South America	—			—			—			—
Asia Pacific	(5		)	162			1			290
Consolidated	$	1,088		$	3,756		$	5,848		$	6,845

	December 31, 2013		June 30, 2014
Segment assets:
North America	$	866,847	$	949,061
Europe	680,920		755,113
South America	138,469		145,305
Asia Pacific	243,736		254,970
Eliminations and other	172,782		132,396
Consolidated	$	2,102,754	$	2,236,845

14. Financial Instruments

Fair value of the Senior Notes approximated $477,000 at December 31, 2013, based on quoted market prices, compared to the recorded value of $450,000. During the second quarter 2014, the Company extinguished its Senior Notes (see Note 5. "Debt" for additional details). This fair value measurement was classified within Level 1 of the fair value hierarchy.

Fair value of the Senior PIK Toggle Notes approximated $197,466 at December 31, 2013, based on quoted market prices, compared to the recorded value of $196,484. During the second quarter 2014, the Company extinguished its Senior PIK Toggle

18

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except per share and share amounts)

Notes (see Note 5. "Debt" for additional details). This fair value measurement was classified within Level 1 of the fair value hierarchy.

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

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

At December 31, 2013 and June 30, 2014, the estimated redemption value of the put option relating to the noncontrolling interest in CS France was $0. The redemption amount, if any, related to the put option is guaranteed by the Company and secured with the CS France shares held by a subsidiary of the Company. The Company has determined that the non-recurring fair value measurement related to this calculation relies primarily on Company-specific inputs and the Company’s assumptions, as observable inputs are not available. As such, the Company has determined that this fair value measurement resides within Level 3 of the fair value hierarchy. To determine the fair value of the put option, the Company utilizes the projected cash flows expected to be generated by the joint venture, then discounts the future cash flows by using a risk-adjusted rate for the Company.

According to authoritative accounting guidance for redeemable noncontrolling shareholders’ interests, to the extent the noncontrolling shareholders have a contractual right to receive an amount upon exercise of a put option that is other than fair value, and such amount is greater than carrying value, then the noncontrolling shareholder has, in substance, received a dividend distribution that is different than other common stockholders. Therefore the redemption amount in excess of fair value should be reflected in the computation of earnings per share available to the Company’s common stockholders. At June 30, 2014 there was no difference between redemption value and fair value.

Derivative Instruments and Hedging Activities

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

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

Cash Flow Hedges

Forward foreign exchange contracts—The Company enters into forward contracts to hedge currency risk of the U.S. Dollar against the Mexican Peso, the Danish Krone against the Euro, the Polish Zloty against the Euro, and the Euro against the Romanian Lue 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 June 30, 2014, the notional amount of these contracts was $32,547. The fair values of these contracts at June 30, 2014 were

19

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except per share and share amounts)

$258 in the asset position recorded in other current assets and $78 in the liability position recorded in accrued liabilities in the condensed consolidated balance sheet. The gains or losses on the forward contracts are reported as a component of accumulated other comprehensive loss and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. The amount reclassified from accumulated other comprehensive loss into cost of products sold was $81 and $74 for the three and six months ended June 30, 2014. These foreign currency derivative contracts consist of hedges of transactions up to December 2014.

Undesignated Derivatives

As part of the FMEA joint venture, SPBT had undesignated derivative forward contracts to hedge currency risk of the Euro against the Polish Zloty which are included in the Company’s condensed consolidated financial statements. The forward contracts were used to mitigate the potential volatility of cash flows arising from changes in currency exchange rates that impacted the Company’s foreign currency transactions. These foreign currency derivative contracts related to hedge transactions through April 2014. The unrealized gain or loss on the forward contracts is reported as a component of other income (expense), net. The unrealized gain (loss) amounted to ($305) and $4 for the three months ended June 30, 2013 and 2014, respectively, and ($493) and $(34), for the six months ended June 30, 2013 and 2014, respectively.

Fair Value Measurements

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

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

Estimates of the fair value of foreign currency and interest rate derivative instruments are determined using exchange traded prices and rates. The Company also considers the risk of non-performance in the estimation of fair value, and includes an adjustment for non-performance risk in the measure of fair value of derivative instruments. In certain instances where market data is not available, the Company uses management judgment to develop assumptions that are used to determine fair value. Fair value measurements and the fair value hierarchy level for the Company’s liabilities measured or disclosed at fair value on a recurring basis as of December 31, 2013 and June 30, 2014, are shown below:

	December 31, 2013			June 30, 2014			Input
Forward foreign exchange contracts - other current assets	$	36		$	258		Level 2
Forward foreign exchange contracts - accrued liabilities	(1		)	(78		)	Level 2

Items measured at fair value on a non-recurring basis

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

15. Accounts Receivable Factoring

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

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

(Dollar amounts in thousands except per share and share amounts)

At June 30, 2013 and 2014, the Company had $102,486 and $118,946, respectively, outstanding under receivable transfer agreements without recourse entered into by various locations. The total amount of accounts receivable factored were $229,210 and $276,523 for the six months ended June 30, 2013 and 2014, respectively. Costs incurred on the sale of receivables were $689 and $836 for the three months ended June 30, 2013 and 2014, respectively, and $1,329 and $1,551 for the six months ended June 30, 2013 and 2014, respectively. These amounts are recorded in other income (expense), net and interest expense, net of interest income in the condensed consolidated statements of comprehensive income.

At June 30, 2013 and 2014, the Company had $16,985 and $8,205, 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 $49,877 and $31,994 for the six months ended June 30, 2013 and 2014, respectively. Costs incurred on the sale of receivables were $136 and $95 for the three months ended June 30, 2013 and 2014, respectively, and $221 and $187 for the six months ended June 30, 2013 and 2014, respectively. These amounts are recorded in other income (expense), net and interest expense, net of interest income in the condensed consolidated statements of comprehensive income.

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

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

Business Environment and Outlook

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

Details on light vehicle production in certain regions for the three and six months ended June 30, 2013 and 2014 are provided in the following table:

	Three Months Ended June 30,			Six Months Ended June 30,
(In millions of units)	2013(1,2)	2014(1)	% Change	2013(1,2)	2014(1)	% Change
North America	4.3	4.4	4.3%	8.3	8.6	4.5%
Europe	5.2	5.2	1.3%	9.9	10.4	4.6%
South America	1.3	0.9	(25.3)%	2.3	1.9	(17.4)%
Asia Pacific	10.4	10.9	5.1%	21.2	22.2	5.1%

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

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

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

(In millions of units)	2013(1,2)	2014(1)	% Change
North America	16.2	17.0	5.0%
Europe	19.5	19.9	2.2%
South America	4.5	4.0	(11.4)%
Asia Pacific	43.0	44.8	4.3%

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

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

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

(In millions of units)	Q3 2013(1)	Q3 2014(1)	% Change
North America	3.9	4.2	9.2	%
Europe	4.6	4.5	(0.3	)%
South America	1.2	1.1	(11.2	)%
Asia Pacific	10.3	10.9	6.0	%

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

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

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

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

Results of Operations

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2014			2013			2014
	(dollar amounts in thousands)
Sales	$	784,707		$	857,553		$	1,532,284		$	1,695,159
Cost of products sold	652,443			711,444			1,279,707			1,414,791
Gross profit	132,264			146,109			252,577			280,368
Selling, administration & engineering expenses	72,745			81,873			147,839			161,244
Amortization of intangibles	3,858			3,997			7,749			8,433
Restructuring	1,088			3,756			5,848			6,845
Operating profit	54,573			56,483			91,141			103,846
Interest expense, net of interest income	(13,575		)	(10,919		)	(24,782		)	(25,927		)
Equity earnings	3,363			1,745			6,098			2,981
Other expense, net	(6,013		)	(28,633		)	(6,345		)	(28,803		)
Income before income taxes	38,348			18,676			66,112			52,097
Income tax expense	12,202			4,424			20,093			16,488
Net income	26,146			14,252			46,019			35,609
Net (income) loss attributable to noncontrolling interests	1,286			(1,058		)	2,114			(2,680		)
Net income attributable to Cooper-Standard Holdings Inc.	$	27,432		$	13,194		$	48,133		$	32,929

Three Months Ended June 30, 2014 Compared with Three Months Ended June 30, 2013

Sales. Sales were $857.6 million for the three months ended June 30, 2014 compared to $784.7 million for the three months ended June 30, 2013, an increase of $72.8 million, or 9.3%. Sales were favorably impacted by increased volumes in North America, Europe and Asia Pacific, incremental sales related to the Jyco acquisition, which was completed July 31, 2013 and favorable foreign exchange of $7.9 million. These items were partially offset by reduced volumes in South America and customer price concessions.

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 $711.4 million for the three months ended June 30, 2014 compared to $652.4 million for the three months ended June 30, 2013, an increase of $59.0 million, or 9.0%. Raw materials comprise the largest component of our cost of products sold and represented approximately 49% and 50% of total cost of products sold for the three months ended June 30, 2014 and 2013, respectively. The period was

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impacted by increased volumes primarily in North America, Europe and Asia Pacific, higher staffing costs, other operating expenses and the Jyco acquisition. These items were partially offset by continuous improvement savings.

Gross Profit. Gross profit for the three months ended June 30, 2014 was $146.1 million compared to $132.3 million for the three months ended June 30, 2013, an increase of $13.8 million, or 10.5%. The increase in gross profit was driven primarily by the favorable impact of continuous improvement savings and the increased volumes in North America, partially offset by customer price concessions, higher staffing costs and other operating expenses. As a percentage of sales, gross profit was 16.9% and 17.0% of sales for the three months ended June 30, 2013 and 2014, respectively.

Selling, Administration and Engineering. Selling, administration and engineering expense for the three months ended June 30, 2014 was $81.9 million, or 9.5% of sales, compared to $72.7 million, or 9.3% of sales, for the three months ended June 30, 2013. Selling, administration and engineering expense for the three months ended June 30, 2014 was impacted by increased staffing and compensation expenses as we increase our research and development and engineering resources to support our growth initiatives around the world and improve our business processes.

Restructuring. Restructuring charges were $3.8 million for the three months ended June 30, 2014 compared to $1.1 million for the three months ended June 30, 2013. The increase is due primarily to additional expenses incurred related to our European restructuring initiatives.

Interest Expense, Net. Net interest expense of $10.9 million for the three months ended June 30, 2014 resulted primarily from interest and debt issue amortization recorded on the Term Loan, Senior Notes and Senior PIK toggle Notes. Net interest expense of $13.6 million for the three months ended June 30, 2013 consisted primarily of interest and debt issue amortization recorded on the Senior Notes and Senior PIK Toggle Notes.

Other Expense, Net.Other expense for the three months ended June 30, 2014 was $28.6 million, which consisted primarily of a loss on the extinguishment of debt of $30.3 million and a loss on sale of receivables of $0.5 million, partially offset by a gain on sale of investment of $1.9 million and foreign currency gains of $0.3 million. Other expense for the three months ended June 30, 2013 was $6.0 million, which consisted primarily of foreign currency losses of $7.4 million, loss on sale of receivables of $0.4 million and unrealized losses related to forward contracts of $0.3 million, partially offset by other miscellaneous income of $2.1 million.

Income Tax Expense. For the three months ended June 30, 2014, we recorded an income tax expense of $4.4 million on earnings before income taxes of $18.7 million. This compares to an income tax expense of $12.2 million on earnings before income taxes of $38.3 million for the same period of 2013. The lower effective tax rate for the three months ended June 30, 2014 as compared to the three months ended June 30, 2013 is primarily due to the tax benefits related to the loss on the extinguishment of debt recorded as a discrete item in the three months ended June 30, 2014. Income tax expense for the three months ended June 30, 2014 differs from statutory rates due to the impact of discrete items in the quarter, 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.

Six Months Ended June 30, 2014 Compared with Six Months Ended June 30, 2013

Sales. Sales were $1,695.2 million for the six months ended June 30, 2014 compared to $1,532.3 million for the six months ended June 30, 2013, an increase of $162.9 million, or 10.6%. Sales were favorably impacted by increased volumes primarily in North America and Europe, and incremental sales related to the Jyco acquisition. These items were partially offset by customer price concessions.

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 $1,414.8 million for the six months ended June 30, 2014 compared to $1,279.7 million for the six months ended June 30, 2013, an increase of $135.1 million or 10.6%. Raw materials comprise the largest component of our cost of products sold and represented 49% and 50% of total cost of products sold for the six months ended June 30, 2014 and 2013, respectively. The period was impacted by increased volumes primarily in North America and Europe, higher staffing costs and other operating expenses and the Jyco acquisition. These items were partially offset by continuous improvement savings.

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Gross Profit. Gross profit for the six months ended June 30, 2014 was $280.4 million compared to $252.6 million for the six months ended June 30, 2013. The increase was driven by the favorable impact of continuous improvement savings, increased volumes primarily in North America and Europe, partially offset by customer price concessions, higher staffing costs and other operating expenses. As a percentage of sales, gross profit was 16.5% of sales for both the six months ended June 30, 2014 and 2013.

Selling, Administration and Engineering. Selling, administration and engineering expense for the six months ended June 30, 2014 was $161.2 million, or 9.5% of sales, compared to $147.8 million, or 9.6% of sales, for the six months ended June 30, 2013. Selling, administration and engineering expense for the six months ended June 30, 2014 was impacted by increased staffing and compensation expenses as we increase our research and development and engineering resources to support our growth initiatives around the world and improve our business processes.

Restructuring. Restructuring charges were $6.8 million for the six months ended June 30, 2014 compared to $5.8 million for the six months ended June 30, 2013. The increase is due primarily to the timing of our various restructuring initiatives and additional costs associated with our European restructuring initiatives.

Interest Expense, Net. Net interest expense of $25.9 million for the six months ended June 30, 2014 resulted primarily from interest and debt issue amortization recorded on the Term Loan, Senior Notes and Senior PIK Toggle Notes. Net interest expense of $24.8 million for the six months ended June 30, 2013 resulted primarily from interest and debt issue amortization recorded on the Senior Notes and Senior PIK Toggle Notes.

Other Expense, Net. Other expense for the six months ended June 30, 2014 was $28.8 million, which consisted primarily of a $30.5 millionloss on extinguishment of debt and $1.0 million of loss on sale of receivables, partially offset by a $1.9 milliongain on sale of investment and $0.8 million of foreign currency gains. Other expense for the six months ended June 30, 2013 was $6.3 million, which consisted primarily of $7.2 million of foreign currency losses, $0.5 million of unrealized losses related to forward contracts, and $0.8 million of loss on sale of receivables, partially offset by $2.1 million of other miscellaneous income.

Income Tax Expense. For the six months ended June 30, 2014, we recorded an income tax expense of $16.5 million on earnings before income taxes of $52.1 million. This compares to an income tax expense of $20.1 million on earnings before income taxes of $66.1 million for the same period of 2013. The effective tax rate for the six months ended June 30, 2014 as compared to the six months ended June 30, 2013 is higher as a result of the U.S. research and development tax credit not reenacted for 2014; and therefore not reflected as a benefit in the 2014 effective tax rate. The higher effective tax rate was partly offset by the impacts of the tax benefits related to the loss on debt repurchase recorded as a discrete item in the three months ended June 30, 2014. Income tax expense for the six months ended June 30, 2014 differs from statutory rates due to the impact of discrete items in the quarter, 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.

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Segment Results of Operations

The following table presents sales and segment profit (loss) for each of the reportable segments for the three and six months ended June 30, 2013 and 2014:

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2014			2013			2014
	(dollar amounts in thousands)
Sales to external customers
North America	$	400,098		$	452,187		$	782,906		$	884,792
Europe	283,647			305,738			548,154			613,899
South America	50,275			41,406			95,677			81,172
Asia Pacific	50,687			58,222			105,547			115,296
Consolidated	$	784,707		$	857,553		$	1,532,284		$	1,695,159
Segment profit (loss)
North America	$	37,626		$	36,469		$	71,432		$	74,929
Europe	(1,231		)	(12,863		)	(7,284		)	(16,045		)
South America	(541		)	(4,309		)	(3,922		)	(6,816		)
Asia Pacific	2,494			(621		)	5,886			29
Income before income taxes	$	38,348		$	18,676		$	66,112		$	52,097

Three Months Ended June 30, 2014 Compared with Three Months Ended June 30, 2013

North America. Sales for the three months ended June 30, 2014increased$52.1 million, or 13.0%, primarily due to an increase in sales volume, partially offset by customer price concessions and unfavorable foreign exchange of $5.1 million. In addition, sales were favorably impacted by the Jyco acquisition which was completed July 31, 2013. Segment profit for the three months ended June 30, 2014decreased by $1.2 million, primarily due to the loss on the extinguishment of debt, higher staffing costs and other operating expenses and customer price concessions, partially offset by increased sales volume and the favorable impact of continuous improvement savings.

Europe. Sales for the three months ended June 30, 2014increased$22.1 million, or 7.8%, primarily due to an increase in sales volume and favorable foreign exchange of $14.5 million, partially offset by customer price concessions. Segment lossincreased by $11.6 million, primarily due to the loss on the extinguishment of debt, higher staffing costs and other operating expenses and customer price concessions, partially offset by the favorable impact of continuous improvement savings.

South America. Sales for the three months ended June 30, 2014decreased$8.9 million, or 17.6%, primarily due to a decrease in sales volume and unfavorable foreign exchange of $1.1 million. Segment loss for the three months ended June 30, 2014increased by $3.8 million, primarily due to the loss on the extinguishment of debt, a decrease in sales volume and higher other operating expenses, partially offset by the favorable impact of continuous improvement savings.

Asia Pacific. Sales for the three months ended June 30, 2014increased$7.5 million, or 14.9%, primarily due to the Jyco acquisition which was completed July 31, 2013 and increased sales volume, partially offset by customer price concessions and unfavorable foreign exchange. Segment loss for the three months ended June 30, 2014 was $0.6 million, compared to a segment profit of $2.5 million for the three months ended June 30, 2013, a change of $3.1 million, primarily due to the loss on the extinguishment of debt, higher staffing costs and customer price concessions, partially offset by the favorable impact of continuous improvement savings and the Jyco acquisition.

Six Months Ended June 30, 2014 Compared with Six Months Ended June 30, 2013

North America. Sales for the six months ended June 30, 2014increased$101.9 million, or 13.0%, primarily due to an increase in sales volume, partially offset by customer price concessions and unfavorable foreign exchange of $12.3 million. In addition, sales were favorably impacted by the Jyco acquisition which was completed July 31, 2013. Segment profit for the six months ended June 30, 2014increased by $3.5 million, primarily due to increased sales volume and the favorable impact of

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continuous improvement savings, partially offset by the loss on the extinguishment of debt, higher staffing and other operating expenses and customer price concessions.

Europe. Sales for the six months ended June 30, 2014increased$65.7 million, or 12.0%, primarily due to an increase in sales volume and favorable foreign exchange of $25.9 million, partially offset by customer price concessions. Segment loss for the six months ended June 30, 2014increased by $8.8 million, primarily due to the loss on the extinguishment of debt, higher staffing costs and other operating expenses and customer price concessions, partially offset by increased sales volume and the favorable impact of continuous improvement savings.

South America. Sales for the six months ended June 30, 2014decreased$14.5 million, or 15.2%, primarily due to a decrease in sales volume and unfavorable foreign exchange of $8.4 million. Segment loss for the six months ended June 30, 2014increased by $2.9 million, primarily due to the loss on the extinguishment of debt and a decrease in sales volume, partially offset by the favorable impact of continuous improvement savings.

Asia Pacific. Sales for the six months ended June 30, 2014increased$9.7 million, or 9.2%, primarily due to the Jyco acquisition which was completed July 31, 2013, and increased sales volume, partially offset by customer price concessions and unfavorable foreign exchange of $2.0 million. Segment profit for the six months ended June 30, 2014 decreased by $5.9 million, primarily due to the loss on the extinguishment of debt, higher staffing costs and customer price concessions, partially offset by the favorable impact of continuous improvement savings and the Jyco acquisition.

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. The Company utilizes intercompany loans and equity contributions to fund its worldwide operations. There may be country specific regulations which may restrict or result in increased costs in the repatriation of these funds. See Note 5. “Debt” to the condensed consolidated financial statements for additional information.

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

Cash Flows

Operating Activities. Net cash provided by operations was $54.2 million for the six months ended June 30, 2014, which included $76.8 million of cash used that related to changes in operating assets and liabilities. The use of cash related to operating assets and liabilities was primarily a result of increased accounts receivables and inventories and decreased accounts payable, partially offset by increased payroll liabilities. Net cash used in operations was $27.5 million for the six months ended June 30, 2013, which included $148.7 million of cash used that related to changes in operating assets and liabilities.

Investing Activities. Net cash used in investing activities was $104.5 million for the six months ended June 30, 2014, which consisted primarily of $110.8 million of capital spending, offset by a $1.0 million return on equity investments, proceeds of $3.2 million from the sale of investment, and proceeds of $2.2 million for the sale of fixed assets and other. Net cash used in investing activities was $67.7 million for the six months ended June 30, 2013, which consisted primarily of $70.1 million of capital spending, offset by a $2.1 million return on equity investments and proceeds of $0.3 million from the sale of fixed assets and other. We anticipate that we will spend approximately $195 million to $205 million on capital expenditures in 2014.

Financing Activities. Net cash provided by financing activities totaled $72.0 million for the six months ended June 30, 2014, which consisted primarily of $738.9 million related to the proceeds from issuance of long-term debt, $6.9 million related to the exercise of stock warrants and increase in long-term debt of $6.5 million, partially offset by the repurchase of Senior Notes and the Senior PIK Toggle Notes of $675.6 million. Net cash used in financing activities totaled $17.2 million for the six

27

months ended June 30, 2013, which consisted primarily of repurchase of common stock of $217.2 million, purchase of noncontrolling interest of $1.9 million, payments on long-term debt of $2.6 million and payment of cash dividends on our 7% preferred stock of $1.7 million, partially offset by proceeds of $194.9 million from the issuance of Senior PIK Toggle Notes and $11.3 million related to the exercise of stock warrants.

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 income tax expense (benefit), interest expense, net of interest income, depreciation and amortization or EBITDA, as adjusted for items that management does not consider to be reflective of our core operating performance. These adjustments include restructuring costs, impairment charges, non-cash fair value adjustments, acquisition related costs, non-cash stock based compensation and non-cash gains and losses from certain foreign currency transactions and translation.

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

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

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

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

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

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

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

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

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

	Three Months Ended June 30,					Six Months Ended June 30,
	2013			2014		2013			2014
	(dollar amounts in millions)
Net income attributable to Cooper-Standard Holdings Inc.	$	27.4		$	13.2	$	48.1		$	32.9
Income tax expense	12.2			4.4		20.1			16.5
Interest expense, net of interest income	13.6			10.9		24.8			25.9
Depreciation and amortization	28.2			28.5		58.0			56.8
EBITDA	$	81.4		$	57.0	$	151.0		$	132.1
Restructuring (1)	1.0			3.8		5.8			6.8
Noncontrolling interest (2)	(0.1		)	—		(0.8		)	(0.1		)
Stock-based compensation (3)	0.5			0.7		3.2			2.8
Loss on extinguishment of debt (4)	—			30.3		—			30.5
Other	(0.3		)	—		—			0.2
Adjusted EBITDA	$	82.5		$	91.8	$	159.2		$	172.3

(1) Includes non-cash restructuring.

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

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

(4) Loss on extinguishment of debt relating to the repurchase of our Senior Notes and Senior PIK Toggle Notes.

Recent Accounting Pronouncements

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

Forward-Looking Statements

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

The risks, uncertainties, and other important factors that could cause our actual results to differ materially from the forward-looking statements in this report include, among others: cyclicality of the automotive industry with the possibility of further material contractions in automotive sales and production affecting the viability of our customers and financial condition of our customers; global economic uncertainty, particularly in Europe; loss of large customers or significant platforms; our ability to generate sufficient cash to service our indebtedness, and obtain future financing; operating and financial restrictions

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

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

Item 3.        Quantitative and Qualitative Disclosures About Market Risk

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

Item 4.        Controls and Procedures

Evaluation of Disclosure Controls and Procedures

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

Changes in Internal Control over Financial Reporting

There have been no changes in the Company’s internal control over financial reporting during the quarter ended June 30, 2014 that have materially affected, or are reasonably likely to affect, the Company’s internal control over financial reporting.

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PART II — OTHER INFORMATION

Item 1.        Legal Proceedings

We are periodically involved in claims, litigation and various legal matters that arise in the ordinary course of business. In addition, we conduct and monitor environmental investigations and remedial actions at certain locations. We accrue for litigation exposure when it is probable that future costs will be incurred and such costs can be reasonably estimated. Any resulting adjustments, which could be material, are recorded in the period the adjustments are identified. As of June 30, 2014, management does not believe that there is a reasonable possibility that any material loss exceeding the amounts already recognized for our litigation claims and matters, if any, has been incurred. However, the ultimate resolutions of these proceedings and matters are inherently unpredictable. As such, our financial condition and results of operations could be adversely affected in any particular period by the unfavorable resolution of one or more of these proceedings or matters.

Item 1A.    Risk Factors

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

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

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

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

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

2014	Total Number of Shares Purchased(1)	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Approximate Dollar Value of Shares that May Yet be Purchased Under the Program (in millions)
April 1 - April 30	—	$	—	—	$	45.4
May 1 - May 31	28,654	$	63.25	—	$	45.4
June 1 - June 30	—	$	—	—	$	45.4
Total	28,654	$	—	—	$	45.4

(1) 28,654 shares of common stock were deemed surrendered to the Company by participants in various benefit plans of the Company to satisfy the participants’ taxes related to vesting or delivery of time vesting restricted share units under those plans.

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Item 6.        Exhibits

Exhibit No.	Description of Exhibit
10.1*	Amendment No. 1 to Second Amended and Restated Loan Agreement, dated as of June 11, 2014, among CS Intermediate HoldCo 1 LLC, CS Intermediate HoldCo 2 LLC, Cooper-Standard Automotive Inc., Cooper-Standard Automotive Canada Limited, Cooper-Standard Automotive International Holdings B.V., the other guarantors party thereto, certain lenders party thereto and Bank of America, N.A., as agent.
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.

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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.
August 1, 2014	/S/ JEFFREY S. EDWARDS
Date	Jeffrey S. Edwards Chairman and Chief Executive Officer
August 1, 2014	/S/ ALLEN J. CAMPBELL
Date	Allen J. Campbell Chief Financial Officer (Principal Financial Officer)
August 1, 2014	/S/ HELEN T. YANTZ
Date	Helen T. Yantz Chief Accounting Officer (Principal Accounting Officer)

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INDEX TO EXHIBITS

Exhibit No.	Description of Exhibit
10.1*	Amendment No. 1 to Second Amended and Restated Loan Agreement, dated as of June 11, 2014, among CS Intermediate HoldCo 1 LLC, CS Intermediate HoldCo 2 LLC, Cooper-Standard Automotive Inc., Cooper-Standard Automotive Canada Limited, Cooper-Standard Automotive International Holdings B.V., the other guarantors party thereto, certain lenders party thereto and Bank of America, N.A., as agent.
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.

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EX-10.1

Exhibit 10.1

EXECUTION VERSION

AMENDMENT NO. 1 TO SECOND AMENDED AND RESTATED LOAN AGREEMENT

This AMENDMENT NO. 1 TO SECOND AMENDED AND RESTATED LOAN AGREEMENT (this “Amendment”) is entered into as of June 11, 2014 by and among CS INTERMEDIATE HOLDCO 1 LLC, a Delaware limited liability company (“Holdings”), CS INTERMEDIATE HOLDCO 2 LLC, a Delaware limited liability company (“Intermediate Holdings”), COOPER-STANDARD AUTOMOTIVE INC.,an Ohio corporation (the “U.S. Borrower”), COOPER-STANDARD AUTOMOTIVE CANADA LIMITED, an Ontario corporation (the “Canadian Borrower”), COOPER-STANDARD AUTOMOTIVE INTERNATIONAL HOLDINGS B.V., a corporation under the laws of the Netherlands (besloten vennootschap met beperkte aansprakelijkheid) (the “European Borrower” and together with the U.S. Borrower and the Canadian Borrower, the “Borrowers”), the other Loan Parties party hereto, BANK OF AMERICA, N.A., individually and as agent (the “Agent”), and the other financial institutions signatory hereto.

RECITALS

A.    Holdings, Intermediate Holdings, the Borrowers, the other Loan Parties, the Agent and the Lenders are party to that certain Second Amended and Restated Loan Agreement dated as of April 4, 2014 (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”). Unless otherwise specified herein, capitalized terms used in this Amendment shall have the meanings ascribed to them by the Loan Agreement.

B.    Holdings, Intermediate Holdings, the Borrowers, the undersigned Loan Parties, the Agent and the undersigned Lenders wish to amend the Loan Agreement on the terms and conditions set forth below.

Now, therefore, in consideration of the mutual execution hereof and other good and valuable consideration, the parties hereto agree as follows:

1.    Amendments to Loan Agreement. Upon the “Effective Date” (as defined below), the Loan Agreement shall be amended as follows:

(a)The defined term “Canadian Borrowing Base” in Section 1.1 of the Loan Agreement is hereby amended and restated to read as follows:

“Canadian Borrowing Base: on any date of determination, an amount equal to the lesser of (a) the Maximum Canadian Facility Amount minus (x) the Canadian Priority Payables Reserve minus (y) the Wage Earner Protection Act Reserve minus (z) the Canadian LC Reserve; and (b) (1) the sum of (x) 85% of the Value of Eligible Accounts of the Canadian Domiciled Loan Parties; plus (y) the lesser of (i) 70% of the Value of Eligible Inventory of the Canadian Domiciled Loan Parties; and (ii) 85% of the NOLV Percentage of the Value of Eligible Inventory of the Canadian Domiciled Loan Parties; plus (z) 75% of the Value of Eligible Tooling Accounts of

CHI:2826191.8

the Canadian Domiciled Loan Parties minus (2) the Canadian Availability Reserve. Notwithstanding the foregoing, in no event may the maximum amount of availability under the Canadian Borrowing Base and the U.S./European Borrowing Base resulting from the inclusion of Eligible Tooling Accounts exceed $30,000,000 in the aggregate.”

(b)The defined term “Canadian Availability Reserve” in Section 1.1 of the Loan Agreement is hereby amended and restated to read as follows:

Canadian Availability Reserve: the sum (without duplication) of (a) the Inventory Reserve with respect to the Canadian Domiciled Loan Parties’ Inventory; (b) the Canadian Rent and Charges Reserve; (c) the Canadian LC Reserve; (d) the Canadian Bank Product Reserve; (e) the aggregate amount of liabilities secured by Liens upon any Canadian Facility Collateral that are senior to Agent’s Liens (but imposition of any such reserve shall not waive an Event of Default arising therefrom); (f) the Canadian Priority Payables Reserve; (g) the Wage Earner Protection Act Reserve; (h) the Canadian Designated Foreign Guaranty Reserve; (i) the Canadian Tooling Vendor Reserve and (j) such additional reserves (including, without limitation, dilution reserves), in such amounts and with respect to such matters, as Agent in its Permitted Discretion may establish.

(c)The defined term “Cash Dominion Trigger Period” in Section 1.1 of the Loan Agreement is hereby amended by (i) replacing “$15,000,000” where it appears in such definition with “$18,000,000” and (ii) replacing “$18,750,000” where it appears in such definition with “$22,500,000.”

(d)The defined term “Commitment” in Section 1.1 of the Loan Agreement is hereby amended by replacing “$150,000,000” where it appears in such definition with “$180,000,000.”

(e)Clause (b)(i) of the defined term “EBITDA” in Section 1.1 of the Loan Agreement is hereby amended by replacing “10%” where it appears in such definition with “20%.”

(f)Clause (r) of the defined term “Eligible Account” in Section 1.1 of the Loan Agreement is hereby amended by inserting at the conclusion of such clause therein the following text to read as follows:

“(other than Eligible Tooling Accounts)”

(g)The defined term “Financial Covenant Trigger Period” in Section 1.1 of the Loan Agreement is hereby amended by replacing “$15,000,000” where it appears in such definition with “$18,000,000.”

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(h)The defined term “Maximum Canadian Facility Amount” in Section 1.1 of the Loan Agreement is hereby amended by replacing “$20,000,000” where it appears in such definition with “$30,000,000.”

(i)The defined term “Maximum European Subline Amount” in Section 1.1 of the Loan Agreement is hereby amended by replacing “$50,000,000” where it appears in such definition with “$60,000,000.”

(j)The defined term “Maximum Facility Amount” in Section 1.1 of the Loan Agreement is hereby amended by replacing “$150,000,000” where it appears in such definition with “$180,000,000.”

(k)The defined term “Maximum U.S./European Facility Amount” in Section 1.1 of the Loan Agreement is hereby amended by replacing “$130,000,000” where it appears in such definition with “$150,000,000.”

(l)The defined term “Specified Transaction Conditions” in Section 1.1 of the Loan Agreement is hereby amended by (i) replacing “$22,500,000” where it appears in such definition with “$27,000,000” and (ii) replacing “$30,000,000” where it appears in such definition with “$36,000,000.”

(m)The defined term “U.S. Borrowing Base” in Section 1.1 of the Loan Agreement is hereby amended and restated to read as follows:

U.S. Borrowing Base: on any date of determination, an amount equal to the lesser of (a) the Maximum U.S./European Facility Amount minus (x) the Canadian Overadvance Loan Balance, if any, outstanding on such date minus (y) the U.S./European LC Reserve minus (z) the European Revolver Exposure (calculated without duplication of any amounts reserved under the U.S./European LC Reserve) on such date of determination; and (b) (1) the sum of (x) 85% of the Value of Eligible Accounts of the U.S. Borrower; plus (y) the lesser of (i) 70% of the Value of Eligible Inventory of the U.S. Borrower; and (ii) 85% of the NOLV Percentage of the Value of Eligible Inventory of the U.S. Borrower ; plus (z) 75% of the Value of Eligible Tooling Accounts of the U.S. Borrower, minus (2) the U.S./European Availability Reserve. Notwithstanding the foregoing, in no event may the maximum amount of availability under the U.S. Borrowing Base and the Canadian Borrowing Base resulting from the inclusion of Eligible Tooling Accounts exceed $30,000,000 in the aggregate.

(n)The defined term “U.S./European Availability Reserve” in Section 1.1 of the Loan Agreement is hereby amended and restated to read as follows:

U.S./European Availability Reserve: the sum (without duplication) of (a) the Inventory Reserve with respect to the U.S. Borrower’s Inventory; (b) the U.S./European Rent and Charges Reserve; (c) the U.S./European LC Reserve; (d) the

3

U.S. Bank Product Reserve; (e) the aggregate amount of liabilities secured by Liens upon the U.S./European Facility Collateral that are senior to Agent’s Liens (but imposition of any such reserve shall not waive an Event of Default arising therefrom); (f) the Canadian Overadvance Loan Balance, if any, outstanding on such date; (g) the U.S. Designated Foreign Guaranty Reserve; (h) the European Bank Product Reserve; (i) the U.S./European Tooling Vendor Reserve and (j) such additional reserves (including, without limitation, dilution reserves), in such amounts and with respect to such matters, as Agent in its Permitted Discretion may establish.

(o)The defined term “U.S. Issuing Bank” in Section 1.1 of the Loan Agreement is hereby amended and restated to read as follows:

U.S. Issuing Bank: (a) Bank of America or an Affiliate of Bank of America, as an issuer of Letters of Credit under this Agreement and (b) Deutsche Bank AG, New York Branch or an Affiliate of Deutsche Bank AG, New York Branch, as an issuer of Letters of Credit under this Agreement. With respect to any Letter of Credit, “U.S. Issuing Bank” shall mean the issuer thereof.

(p)Section 1.1 of the Loan Agreement is hereby amended by adding the following defined terms in appropriate alphabetical order:

Amendment No. 1: Amendment No. 1 to Second Amended and Restated Loan Agreement, dated as of June __, 2014 among Holdings, Intermediate Holdings, the Borrowers, the other Loan Parties, Agent and the Lenders party thereto.

Amendment No. 1 Effective Date: the date that the Amendment No. 1 is effective, in accordance with its terms.

Canadian Tooling Vendor Reserve: the aggregate amount of reserves, as established by Agent from time to time in its Permitted Discretion to reflect the reasonably anticipated liabilities in respect of the then outstanding amounts owing to all tooling vendors with respect to the tooling giving rise to Eligible Tooling Accounts of the Canadian Domiciled Loan Parties.

Eligible Tooling Account: as determined separately for (x) the Canadian Borrower and (y) the U.S. Borrower, an Account that (a) would qualify as an Eligible Account but for the fact that it arose from the sale of tooling; (b) that has been billed for fully completed tooling in accordance with the underlying purchase order for the tooling and consistent with the applicable Borrower’s customary billing practices; (c) that all tooling related to those Accounts has met all Production Part Approval Process requirements and all other required approvals, in each case in all material respects; (d) that there are no conditions to payment of the Accounts; and (e) that there are no Liens on any of the tooling to which the Accounts relate (other than (x) in Agent’s favor and (y) second priority Liens in Fixed Asset Facility Collateral Agent’s favor or other Permitted Collateral Liens). 

4

Production Part Approval Process: all customer engineering design record and specification requirements that have been agreed between the applicable Borrower and customer related to the subject tooling design and/or manufacture.

U.S./European Tooling Vendor Reserve: the aggregate amount of reserves, as established by Agent from time to time in its Permitted Discretion to reflect the reasonably anticipated liabilities in respect of the then outstanding amounts owing to all tooling vendors with respect to the tooling giving rise to Eligible Tooling Accounts of the U.S./European Facility Loan Parties.

(q)Clause (c) of Section 2.1.4 of the Loan Agreement is hereby amended and restated to read as follows:

“(c)    Provided no Default or Event of Default then exists or would result therefrom after the Amendment No. 1 Effective Date, upon notice to Agent (which shall promptly notify all Applicable Lenders), the Loan Party Agent may from time to time, request an increase in the U.S./European Revolver Commitments or the Canadian Revolver Commitments, as applicable, by an amount not exceeding $75,000,000 in the aggregate (resulting in maximum total Facility Commitments of $255,000,000) during the term of this Agreement; provided that (i) any such request for an increase shall be in a minimum amount of $5,000,000 and (ii) the Loan Party Agent may make a maximum of two (2) such requests in the aggregate (resulting in a maximum of two (2) total increases) during the term of this Agreement. At the time of sending such notice, a requesting Borrower (in consultation with Agent) shall specify the time period within which the Applicable Lenders are requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice to such Lenders (or such lesser period as is acceptable to such Lenders)).”

(r)Schedule 1.1(a) to the Loan Agreement is each hereby deleted in its entirety and replaced with Schedule 1.1(a) attached hereto.

2.    Representations and Warranties of the Loan Parties. Each Loan Party represents and warrants that:

(a)    the execution, delivery and performance by each Loan Party of this Amendment have been duly authorized by all necessary corporate action and that this Amendment is a legal, valid and binding obligation of each Loan Party enforceable against each Loan Party in accordance with its terms, except as the enforcement thereof may be subject to the effect of any applicable bankruptcy, insolvency, reorganization, moratorium or similar law affecting creditors’ rights generally and general principles of equity, regardless of whether considered in a proceeding in law or equity;

(b)    the representations and warranties of each Loan Party in the Loan Documents are true and correct in all material respects (or, with respect to representations and warranties qualified by materiality, in all respects) on and as of the date hereof, (except

5

for representations and warranties that expressly relate to an earlier date, in which case such representations and warranties shall have been true and correct in all material respects (or, with respect to representations and warranties qualified by materiality, in all respects) as of such earlier date); and

(c)    immediately prior to or after giving effect to this Amendment, no Default or Event of Default exists.

3.    Effective Date. This Amendment shall become effective upon the date (the “Effective Date”) each of the following conditions have been satisfied:

(a)     the execution and delivery hereof by the undersigned Loan Parties, the Agent and all the Lenders);

(b)    the Loan Party Agent shall deliver to Agent a certificate of each Loan Party dated as of the Effective Date (in sufficient copies for each Lender) signed by a Responsible Officer of such Loan Party (i) certifying and attaching the resolutions adopted by such Loan Party this Amendment, and (ii) in the case of the Borrowers, certifying that, before and after giving effect to this Amendment, (A) the representations and warranties contained in Section 9 of the Loan Agreement and the other Loan Documents are true and correct in all material respects (or, with respect to representations and warranties qualified by materiality, in all respects) on and as of the Effective Date (except for representations and warranties that expressly relate to an earlier date, in which case such representations and warranties shall be true and correct in all material respects (or, with respect to representations and warranties qualified by materiality, in all respects) as of such earlier date) and (B) no Default exists.

(c)    Notes shall have been executed by each Borrower and delivered to each Applicable Lender that requests issuance of a Note;

(d)     the Loan Parties shall have paid to the Agent all outstanding fees, invoiced costs and invoiced expenses (including, but not limited to, the fees, disbursements and other charges of counsel to the Agent) payable to the Agent and the Lenders pursuant to Section 10.04 of the Credit Agreement; and

(e)    such other opinions, documents or materials as Agent, or any Lender may reasonably request.

4.    Reaffirmation. Each of the undersigned Loan Parties hereby (a) unconditionally consents to the terms of this Amendment and fully ratifies and affirms its respective obligations under the Loan Agreement and the other Loan Documents, taking into account this Amendment and (b) acknowledges and agrees that the execution, delivery and performance of this Amendment and the other documents on the date hereof shall not impair the validity, effectiveness or priority of the Liens granting pursuant to the Security Documents on the Original Closing Date, the Restatement Date or the Second Restatement Date, and such Liens are ratified and reaffirmed and shall continue unimpaired with the same priority to serve the applicable Obligations.

6

5.    Reference to and Effect Upon the Loan Agreement.

(a)    Except as specifically amended above, the Loan Agreement and the other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed.

(b)    The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of the Agent or any Lender under the Loan Agreement or any Loan Document, nor constitute a waiver of any provision of the Loan Agreement or any Loan Document. Upon the effectiveness of this Amendment, each reference in the Loan Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of similar import shall mean and be a reference to the Loan Agreement as amended hereby.

(c)    This Amendment shall constitute a Loan Document for purposes of the Loan Agreement and the other Loan Documents.

6.    Costs and Expenses.    Each Borrower hereby affirms its obligation under Section 3.4 of the Loan Agreement to reimburse the Agent for all reasonable out-of-pocket expenses incurred by the Agent in connection with the negotiation and preparation of this Amendment, including but not limited to the reasonable fees, charges and disbursements of attorneys for the Agent with respect thereto.

7.    Governing Law. This Amendment shall be governed by the laws of the State of New York, including New York General Obligations Law sections 5-1401 and 5-1402.

8.    Headings. Section headings herein are included herein for convenience of reference only and shall not constitute a part hereof for any other purpose or be given any substantive effect.

9.    Counterparts. This Amendment may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of a signature page of this Amendment or any document executed in connection therewith by telecopy or other electronic means shall be effective as delivery of a manually executed counterpart of such agreement. Any electronic signature, contract formation on an electronic platform and electronic record-keeping shall have the same legal validity and enforceability as a manually executed signature or use of a paper-based recordkeeping system to the fullest extent permitted by applicable Law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any similar state law based on the Uniform Electronic Transactions Act.

10.    Notice. This Amendment shall constitute the notice of request for increased commitments specified in Section 2.1.4(c) of the Loan Agreement, and the ten (10) Business Day time period specified therein is waived.

[signature pages follow]

7

IN WITNESS WHEREOF, the parties have executed this Amendment as of the date and year first above written.

CS INTERMEDIATE HOLDCO 1 LLC, as a U.S./European Facility Guarantor and a Canadian Facility Guarantor

By:/s/ Allen J. Campbell

Name: Allen J. Campbell

Title: President

CS INTERMEDIATE HOLDCO 2 LLC, as a U.S./European Facility Guarantor and a Canadian Facility Guarantor

By:/s/ Allen J. Campbell

Name: Allen J. Campbell

Title: President

COOPER-STANDARD AUTOMOTIVE INC., as the U.S. Borrower, a U.S./European Facility Guarantor and a Canadian Facility Guarantor

By:/s/ Allen J. Campbell

Name: Allen J. Campbell

Title: Executive Vice President & Chief Financial Officer

COOPER-STANDARD AUTOMOTIVE CANADA LIMITED, as the Canadian Borrower and a Canadian Facility Guarantor

By:/s/ Allen J. Campbell

Name: Allen J. Campbell

Title: Vice President

[Signature Page to Amendment No. 1 to Second Amended and Restated Loan Agreement]

COOPER-STANDARD AUTOMOTIVE INTERNATIONAL HOLDINGS B.V., as the European Borrower

By:/s/ Robert C. Johnson

Name: Robert C. Johnson

 Title: Director

By:/s/ Maarten D. G. Van Den Berg

Name: Maarten D. G. Van Den Berg

      Title: Director

COOPER-STANDARD AUTOMOTIVE NC L.L.C., as a U.S./European Facility Guarantor and Canadian Facility Guarantor

By:/s/ Allen J. Campbell

Name: Allen J. Campbell

Title: Vice President

COOPER-STANDARD AUTOMOTIVE OH, LLC, as a U.S./European Facility Guarantor and Canadian Facility Guarantor

By:/s/ Allen J. Campbell

Name: Allen J. Campbell

Title:

COOPER-STANDARD AUTOMOTIVE FLUID SYSTEMS MEXICO HOLDING LLC, as a U.S./European Facility Guarantor and Canadian Facility Guarantor

By:/s/ Allen J. Campbell

Name: Allen J. Campbell

Title: Vice President

[Signature Page to Amendment No. 1 to Second Amended and Restated Loan Agreement]

CSA SERVICES INC., as a U.S./European Facility Guarantor and Canadian Facility Guarantor

By:/s/ Allen J. Campbell

Name: Allen J. Campbell

Title: President

NISCO HOLDING COMPANY, as a U.S./European Facility Guarantor and Canadian Facility Guarantor

By:/s/ Allen J. Campbell

Name: Allen J. Campbell

Title: Vice President

NORTH AMERICAN RUBBER, INCORPORATED, as a U.S./European Facility Guarantor and Canadian Facility Guarantor

By:/s/ Allen J. Campbell

Name: Allen J. Campbell

Title: Vice President

STANTECH, INC., as a U.S./European Facility Guarantor and Canadian Facility Guarantor

By:/s/ Allen J. Campbell

Name: Allen J. Campbell

Title: President

[Signature Page to Amendment No. 1 to Second Amended and Restated Loan Agreement]

COOPER-STANDARD ROCKFORD INC., as a U.S./European Facility Guarantor and Canadian Facility Guarantor

By:/s/ Allen J. Campbell

Name: Allen J. Campbell

      Title: Vice President

STERLING INVESTMENTS COMPANY, as a U.S./European Facility Guarantor and Canadian Facility Guarantor

By:/s/ Allen J. Campbell

Name: Allen J. Campbell

Title: CEO & President

WESTBORN SERVICE CENTER, INC., as a U.S./European Facility Guarantor and Canadian Facility Guarantor

By:/s/ Allen J. Campbell

Name: Allen J. Campbell

Title: Vice President

COOPER-STANDARD AUTOMOTIVE FHS INC., as a U.S./European Facility Guarantor and Canadian Facility Guarantor

By:/s/ Allen J. Campbell

Name: Allen J. Campbell

Title: Vice President

JYCO INDUSTRIES, LLC, as a U.S./European Facility Guarantor and Canadian Facility Guarantor

By:/s/ Allen J. Campbell

Name: Allen J. Campbell

Title: President

[Signature Page to Amendment No. 1 to Second Amended and Restated Loan Agreement]

AGENT AND LENDERS:BANK OF AMERICA, N.A.,
as Agent and a U.S. Lender

By:/s/ Thomas H. Herron

Name: Thomas H. Herron

       Title: Senior Vice President

BANK OF AMERICA, N.A. (acting through its Canada branch), as a Canadian Lender

By:/s/ Medina Sales De Andrade

Name: Medina Sales De Andrade

      Title: Vice President

[Signature Page to Amendment No. 1 to Second Amended and Restated Loan Agreement]

DEUTSCHE BANK AG, NEW YORK BRANCH, as a U.S. Lender and a Canadian Lender

By:/s/ Lisa Wong

Name: Lisa Wong

      Title: Vice President

By:/s/ Kirk L. Tashjian

Name: Kirk L. Tashijian

Title: Vice President

[Signature Page to Amendment No. 1 to Second Amended and Restated Loan Agreement]

UBS AG, STAMFORD BRANCH, as a U.S. Lender

By:/s/Lana Gifas

Name: Lana Gifas

      Title: Director

By:/s/ Jennifer Anderson

Name: Jennifer Anderson

      Title: Associate Director

UBS AG CANADA BRANCH, as a Canadian Lender

By:/s/ Lana Gifas

Name: Lana Gifas

      Title: Director

By:/s/ Jennifer Anderson

Name: Jennifer Anderson

      Title: Associate Director

[Signature Page to Amendment No. 1 to Second Amended and Restated Loan Agreement]

BARCLAYS BANK PLC, as a U.S. Lender and a Canadian Lender

By:/s/ Marguerite Sutton

Name: Marguerite Sutton

      Title: Vice President

[Signature Page to Amendment No. 1 to Second Amended and Restated Loan Agreement]

JPMORGAN CHASE BANK, N.A., as a U.S. Lender

By:/s/Gene Riego de Dios

Name: Gene Riego de Dios

      Title: Vice President

JPMORGAN CHASE BANK, N.A., TORONTO BRANCH as a Canadian Lender

By:/s/ Gene Riego de Dios

Name: Gene Riego de Dios

      Title: Vice President

[Signature Page to Amendment No. 1 to Second Amended and Restated Loan Agreement]

Schedule 1.1(a)

Commitment of Lenders

Lender	U.S./European Revolver Commitment	Canadian Revolver Commitment	Total Commitment
Bank of America, N.A.	$54,166,666.67	$0	$54,166,666.67
Bank of America, N.A. (acting through its Canada branch)	$0	$10,833,333.33	$10,833,333.33
Deutsche Bank AG, New York Branch	$43,750,000.00	$8,750,000.00	$52,500,000.00
JPMorgan Chase, N.A.	$25,000,000.00	$0	$25,000,000.00
JP Morgan Chase, N.A., Toronto Branch	$0	$5,000,000.00	$5,000,000.00
Barclays Bank PLC	$18,750,000.00	$3,750,000.00	$22,500,000.00
UBS AG, Stamford Branch	$8,333,333.33	$0	$8,333,333.33
UBS AG Canada Branch	$0	$1,666,666.67	$1,666,666.67
TOTAL	$150,000,000	$30,000,000	$180,000,000

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: August 1, 2014	By:	/s/ Jeffrey S. Edwards
		Jeffrey S. Edwards
		Chairman and Chief Executive Officer

EX-31.2

Exhibit 31.2

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

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

I, Allen J. Campbell, certify that:

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

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

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

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

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

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

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

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

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

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

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

Date: August 1, 2014	By:	/s/ Allen J. Campbell
		Allen J. Campbell
		Chief Financial Officer
		(Principal Financial Officer)

EX-32.1

Exhibit 32.1

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

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

In connection with the Quarterly Report of Cooper-Standard Holdings Inc. (the “Company”) on Form 10-Q for the period ended June 30, 2014 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Jeffrey S. Edwards, certify, pursuant to 18 U.S.C. section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

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

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

Date: August 1, 2014	By:	/s/ Jeffrey S. Edwards
		Jeffrey S. Edwards
		Chief Executive Officer
		(Principal Executive Officer)

EX-32.2

Exhibit 32.2

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

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

In connection with the Quarterly Report of Cooper-Standard Holdings Inc. (the “Company”) on Form 10-Q for the period ended June 30, 2014 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Allen J. Campbell, certify, pursuant to 18 U.S.C. section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

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

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

Date: August 1, 2014	By:	/s/ Allen J. Campbell
		Allen J. Campbell
		Chief Financial Officer
		(Principal Financial Officer)

XML

Inventories - Summary of Inventories (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Inventory Disclosure [Abstract]
Finished goods	$ 50,549	$ 48,787
Work in process	43,078	38,929
Raw materials and supplies	92,416	92,050
Inventories	$ 186,043	$ 179,766

XML

Business Segments - Information on Company's Business Segments (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Segment Reporting Information [Line Items]
Sales to external customers	$ 857,553	$ 784,707	$ 1,695,159	$ 1,532,284
Intersegment sales	0	0	0	0
Segment profit (loss)	18,676	38,348	52,097	66,112
Restructuring	3,756	1,088	6,845	5,848
Segment assets	2,236,845		2,236,845		2,102,754
Reportable Geographical Components [Member] | North America [Member]
Segment Reporting Information [Line Items]
Sales to external customers	452,187	400,098	884,792	782,906
Intersegment sales	3,134	3,104	6,493	6,838
Segment profit (loss)	36,469	37,626	74,929	71,432
Restructuring	79	104	177	1,888
Segment assets	949,061		949,061		866,847
Reportable Geographical Components [Member] | Europe [Member]
Segment Reporting Information [Line Items]
Sales to external customers	305,738	283,647	613,899	548,154
Intersegment sales	2,123	2,550	4,350	4,397
Segment profit (loss)	(12,863)	(1,231)	(16,045)	(7,284)
Restructuring	3,515	989	6,378	3,959
Segment assets	755,113		755,113		680,920
Reportable Geographical Components [Member] | South America [Member]
Segment Reporting Information [Line Items]
Sales to external customers	41,406	50,275	81,172	95,677
Intersegment sales	0	0	0	0
Segment profit (loss)	(4,309)	(541)	(6,816)	(3,922)
Restructuring	0	0	0	0
Segment assets	145,305		145,305		138,469
Reportable Geographical Components [Member] | Asia Pacific [Member]
Segment Reporting Information [Line Items]
Sales to external customers	58,222	50,687	115,296	105,547
Intersegment sales	1,625	2,316	3,472	4,421
Segment profit (loss)	(621)	2,494	29	5,886
Restructuring	162	(5)	290	1
Segment assets	254,970		254,970		243,736
Reportable Geographical Components [Member] | Total geographical [Member]
Segment Reporting Information [Line Items]
Sales to external customers	857,553	784,707	1,695,159	1,532,284
Eliminations and other [Member]
Segment Reporting Information [Line Items]
Intersegment sales	(6,882)	(7,970)	(14,315)	(15,656)
Segment assets	$ 132,396		$ 132,396		$ 172,782

XML

Net Income Per Share Attributable to Cooper-Standard Holdings Inc. - Basic and Diluted Net Income Per Share Attributable (Detail) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Earnings Per Share [Abstract]
Net income attributable to Cooper-Standard Holdings Inc.	$ 13,194	$ 27,432	$ 32,929	$ 48,133
Less: 7% Preferred stock dividends (paid or unpaid)	0	(1,473)	0	(3,150)
Less: Undistributed earnings allocated to participating securities	0	(5,407)	0	(9,070)
Net income available to Cooper-Standard Holdings Inc. common stockholders	13,194	20,552	32,929	35,913
Increase in fair value of share-based awards	94	155	0	245
Diluted net income available to Cooper-Standard Holdings Inc. common stockholders	$ 13,288	$ 20,707	$ 32,929	$ 36,158
Basic weighted average shares of common stock outstanding	16,919,521	14,214,589	16,788,787	15,411,207
Dilutive effect of:
Restricted common stock	199,644	222,862	148,797	245,328
Restricted 7% preferred stock	0	21,867	0	29,703
Warrants	1,008,182	807,885	1,023,260	721,754
Options	302,879	144,003	102,900	120,063
Diluted weighted average shares of common stock outstanding	18,430,226	15,411,206	18,063,744	16,528,055
Basic net income per share attributable to Cooper-Standard Holdings Inc.	$ 0.78	$ 1.45	$ 1.96	$ 2.33
Diluted net income per share attributable to Cooper-Standard Holdings Inc.	$ 0.72	$ 1.34	$ 1.82	$ 2.19

XML

Financial Instruments - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior unsecured notes principal amount	$ 0		$ 0		$ 450,000
Senior PIK Toggle notes principal amount	0		0		196,484
Ownership percentage by company	51.00%		51.00%
Percentage of ownership Right of Non controlling to purchase by company	49.00%		49.00%
Temporary Equity, Redemption Value	0		0		0
Fair value of contracts recorded in asset position in other current assets	109,860		109,860		82,301
Liability position recorded in accrued liabilities	82,185		82,185		89,302
Maturity date of foreign currency derivative contracts			Apr. 30, 2014
Unrealized gains (loss) related to forward contracts	4	(305)	(34)	(493)
Foreign Exchange Forward [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of contracts recorded in asset position in other current assets	258		258
Liability position recorded in accrued liabilities	78		78
Amount reclassified from AOCI into cost of products sold	81		74
Forward Foreign Exchange Contracts Transaction Period			Dec. 31, 2014
Foreign Exchange Forward [Member] | Foreign exchange contract [Member] | Cash Flow Hedging [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notional amount of foreign currency cash flow	32,547		32,547
Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair values of the Senior Notes					477,000
Senior PIK Toggle Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair values of the Senior Notes					$ 197,466

XML

Accumulated Other Comprehensive Income , Equity and Redeemable Noncontrolling Interests - Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Fair value change of derivatives
Fair value change of derivatives, Income before income taxes	$ 81	$ 333	$ 74	$ 343
Fair value change of derivatives, Income tax expense	(26)	(107)	(24)	(110)
Fair value change of derivatives, Consolidated net income	55	226	50	233
Amortization of defined benefit and other postretirement benefit plans
Amortization of defined benefit and other postretirement benefit plans, Prior service credits	169	153	251	311
Amortization of defined benefit and other postretirement benefit plans, Actuarial losses	226	(461)	450	(932)
Amortization of defined benefit and other postretirement benefit plans, Income before income taxes	395	(308)	701	(621)
Amortization of defined benefit and other postretirement benefit plans, Income tax expense	(144)	84	(284)	181
Amortization of defined benefit and other postretirement benefit plans, Consolidated net income	251	(224)	417	(440)
Total reclassifications for the period	306	2	467	(207)
Interest expense, net of interest income [Member] | Interest rate contract [Member]
Fair value change of derivatives
Fair value change of derivatives, Income before income taxes	0	270	0	230
Cost of products sold [Member] | Foreign exchange contract [Member]
Fair value change of derivatives
Fair value change of derivatives, Income before income taxes	$ 81	$ 63	$ 74	$ 113

XML

Goodwill and Intangibles - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2014 Scenario, Forecast [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization expenses	$ 3,997	$ 3,858	$ 8,433	$ 7,749
Estimated Amortization Expenses					$ 16,000

XML

Accounts Receivable Factoring - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Receivables [Abstract]
Amount outstanding under accounts receivable transfer agreements without recourse	$ 118,946	$ 102,486	$ 118,946	$ 102,486
Total amount of accounts receivable factored without recourse			276,523	229,210
Costs incurred on sale of receivables without recourse	836	689	1,551	1,329
Amount outstanding under accounts receivable transfer agreements with recourse	8,205	16,985	8,205	16,985
Secured debt maturity period			1 year
Total amount of accounts receivable factored with recourse			31,994	49,877
Costs incurred on sale of receivables with recourse	$ 95	$ 136	$ 187	$ 221

XML

Debt (Tables)

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Outstanding Debt

Outstanding debt consisted of the following at December 31, 2013 and June 30, 2014:

	December 31, 2013			June 30, 2014
Term loan	$	—		$	746,384
Senior notes	450,000			—
Senior PIK toggle notes	196,484			—
Other borrowings	37,940			46,133
Total debt	$	684,424		$	792,517
Less current portion	(28,329		)	(29,534		)
Total long-term debt	$	656,095		$	762,983

XML

Stock-Based Compensation - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Stock Comp [Line Items]
Preferred stock dividend rate, percentage			7.00%
Omnibus Incentive Plan [Member]
Stock Comp [Line Items]
Total compensation expense recognized	$ 3,923	$ 1,834	$ 7,829	$ 5,634

XML

Pension and Postretirement Benefits other than Pensions - Net Periodic Benefit Cost of Defined Benefit Plans and Other Postretirement Benefit Plans (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
U.S. Pension Benefits [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Service cost	$ 213	$ 305	$ 426	$ 610
Interest cost	3,370	3,052	6,740	6,104
Expected return on plan assets	(4,764)	(4,342)	(9,528)	(8,684)
Amortization of prior service cost (credit) and recognized actuarial loss (gain)	16	344	32	688
Settlement	0	783	0	783
Net periodic benefit cost (gain)	(1,165)	142	(2,330)	(499)
Non-U.S. Pension Benefits [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Service cost	867	877	1,728	1,765
Interest cost	1,812	1,691	3,614	3,401
Expected return on plan assets	(972)	(936)	(1,930)	(1,885)
Amortization of prior service cost (credit) and recognized actuarial loss (gain)	230	326	461	656
Settlement	0	0	0	0
Net periodic benefit cost (gain)	1,937	1,958	3,873	3,937
U.S. Other Postretirement Benefits [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Service cost	106	147	212	294
Interest cost	397	407	794	814
Amortization of prior service cost (credit) and recognized actuarial loss (gain)	(481)	(281)	(962)	(562)
Other	6	6	12	12
Net periodic benefit cost (gain)	28	279	56	558
Non-U.S. Other Postretirement Benefits [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Service cost	138	166	274	334
Interest cost	190	186	378	374
Amortization of prior service cost (credit) and recognized actuarial loss (gain)	(73)	(35)	(144)	(71)
Other	0	0	0	0
Net periodic benefit cost (gain)	$ 255	$ 317	$ 508	$ 637

XML

Restructuring - Summary of Restructuring Expense (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Restructuring Cost and Reserve [Line Items]
Restructuring	$ 3,756	$ 1,088	$ 6,845	$ 5,848
Restructuring prior to 2013 [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	(362)	1,088	167	4,227
Restructuring prior to 2013 [Member] | Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	(301)	712	(59)	2,861
Restructuring prior to 2013 [Member] | Other Exit Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	(61)	376	226	1,279
Restructuring prior to 2013 [Member] | Asset Impairments [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	0	0	0	87
Europe Facilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	2,945	0	5,218	0
Europe Facilities [Member] | Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	412	0	412	0
Europe Facilities [Member] | Other Exit Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	2,533	0	4,806	0
Europe Facilities [Member] | Asset Impairments [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring			$ 0

XML

Related Party Transactions - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Related Party Transaction Due From To Related Party [Line Items]
Proceeds from sale of investment			$ 3,216	$ 0
Gain on sale of joint venture	1,882	0	1,882	0
Dividend related to return on Capital on investment made			951	2,120
Nisco [Member]
Related Party Transaction Due From To Related Party [Line Items]
Joint Venture percentage	40.00%		40.00%
Sales to related party	8,197	12,264	19,046	23,834
Dividend received			1,760	4,000
Dividend related to earnings			809	1,880
Dividend related to return on Capital on investment made			951	2,120
Guyoung [Member]
Related Party Transaction Due From To Related Party [Line Items]
Joint Venture percentage	17.00%		17.00%
Proceeds from sale of investment	3,216		0
Gain on sale of joint venture	$ 1,882		$ 0

XML

Accumulated Other Comprehensive Income , Equity and Redeemable Noncontrolling Interests - Summary of Equity and Redeemable Noncontrolling Interest Activity (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Equity And Noncontrolling Interests [Line Items]
Equity at January 1, 2014			$ 615,572
Net income	14,252	26,146	35,609	46,019
Warrant exercise			6,892	11,252
Equity at June 30, 2014	665,747		665,747
Total [Member]
Equity And Noncontrolling Interests [Line Items]
Equity at January 1, 2014			615,572
Net income			35,749
Warrant exercise			6,892
Other comprehensive income (loss)			3,599
Stock-based compensation			4,647
Shares issued under stock option plans			(712)
Equity at June 30, 2014	665,747		665,747
Cooper-Standard Holdings Inc. [Member]
Equity And Noncontrolling Interests [Line Items]
Equity at January 1, 2014			618,150
Net income			32,929
Warrant exercise			6,892
Other comprehensive income (loss)			3,587
Stock-based compensation			4,647
Shares issued under stock option plans			(712)
Equity at June 30, 2014	665,493		665,493
Noncontrolling Interest [Member]
Equity And Noncontrolling Interests [Line Items]
Equity at January 1, 2014			(2,578)
Net income			2,820
Warrant exercise			0
Other comprehensive income (loss)			12
Stock-based compensation			0
Shares issued under stock option plans			0
Equity at June 30, 2014	254		254
Redeemable Noncontrolling Interests [Member]
Equity And Noncontrolling Interests [Line Items]
Equity at January 1, 2014			5,153
Net income			(140)
Warrant exercise			0
Other comprehensive income (loss)			141
Stock-based compensation			0
Shares issued under stock option plans			0
Equity at June 30, 2014	$ 5,154		$ 5,154

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Inventories

6 Months Ended

Jun. 30, 2014

Inventory Disclosure [Abstract]

Inventories

4. Inventories

Inventories were comprised of the following at December 31, 2013 and June 30, 2014:

	December 31, 2013		June 30, 2014
Finished goods	$	48,787	$	50,549
Work in process	38,929		43,078
Raw materials and supplies	92,050		92,416
	$	179,766	$	186,043

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Income Taxes - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Tax Disclosure [Abstract]
Effective tax rate	24.00%	32.00%	32.00%	30.00%

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Other Income (Expense), Net (Tables)

6 Months Ended

Jun. 30, 2014

Other Income and Expenses [Abstract]

Details of Components of Other Income Expense, Net

The components of other expense, net are as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2014			2013			2014
Loss on extinguishment of debt	$	—		$	(30,288	)	$	—		$	(30,488	)
Foreign currency gains (losses)	(7,424		)	266			(7,164		)	798
Unrealized losses (gains) related to forward contracts	(305		)	4			(493		)	(34		)
Loss on sale of receivables	(425		)	(497		)	(798		)	(961		)
Gain on sale of investment	—			1,882			—			1,882
Miscellaneous income	2,141			—			2,110			—
Other expense, net	$	(6,013	)	$	(28,633	)	$	(6,345	)	$	(28,803	)

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

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Basic and diluted net income per share attributable

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

	Three Months Ended June 30,					Six Months Ended June 30,
	2013			2014		2013			2014
Net income attributable to Cooper-Standard Holdings Inc.	$	27,432		$	13,194	$	48,133		$	32,929
Less: 7% Preferred stock dividends (paid or unpaid)	(1,473		)	—		(3,150		)	—
Less: Undistributed earnings allocated to participating securities	(5,407		)	—		(9,070		)	—
Net income available to Cooper-Standard Holdings Inc. common stockholders	$	20,552		$	13,194	$	35,913		$	32,929
Increase in fair value of share-based awards	155			94		245			$	—
Diluted net income available to Cooper-Standard Holdings Inc. common stockholders	$	20,707		$	13,288	$	36,158		$	32,929
Basic weighted average shares of common stock outstanding	14,214,589			16,919,521		15,411,207			16,788,787
Dilutive effect of:
Restricted common stock	222,862			199,644		245,328			148,797
Restricted 7% preferred stock	21,867			—		29,703			—
Warrants	807,885			1,008,182		721,754			1,023,260
Options	144,003			302,879		120,063			102,900
Diluted weighted average shares of common stock outstanding	15,411,206			18,430,226		16,528,055			18,063,744
Basic net income per share attributable to Cooper-Standard Holdings Inc.	$	1.45		$	0.78	$	2.33		$	1.96
Diluted net income per share attributable to Cooper-Standard Holdings Inc.	$	1.34		$	0.72	$	2.19		$	1.82

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

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2014		2013		2014
Number of options	444,900		159,000		444,900		462,503
Exercise price	$45.00-52.50		$66.23-70.20		$45.00-52.50		$25.52-70.20
Restricted common stock	—		—		—		59,244
7% Preferred stock, as if converted	3,739,686		—		3,891,923		—
7% Preferred stock dividends, undistributed earnings and premium allocated to participating securities that would be added back in the diluted calculation	$	6,880	$	—	$	12,220	$	—

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Financial Instruments - Fair Value Hierarchy Level for Company's Liabilities Measured (Detail) (Level 2 [Member], USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Level 2 [Member]
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items]
Forward foreign exchange contracts - other current assets	$ 258	$ 36
Forward foreign exchange contracts - accrued liabilities	$ (78)	$ (1)

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Accumulated Other Comprehensive Income , Equity and Redeemable Noncontrolling Interests - Changes in Accumulated Other Comprehensive Income (Loss) (Detail) (USD $) In Thousands, unless otherwise specified			3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended		3 Months Ended		6 Months Ended
	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2014 Cumulative currency translation adjustment [Member]	Jun. 30, 2013 Cumulative currency translation adjustment [Member]	Jun. 30, 2014 Cumulative currency translation adjustment [Member]	Jun. 30, 2013 Cumulative currency translation adjustment [Member]	Jun. 30, 2014 Benefit plan liability [Member]	Jun. 30, 2013 Benefit plan liability [Member]	Jun. 30, 2014 Benefit plan liability [Member]	Jun. 30, 2013 Benefit plan liability [Member]	Jun. 30, 2014 Unrealized gains on investment securities [Member]	Jun. 30, 2013 Unrealized gains on investment securities [Member]	Jun. 30, 2014 Unrealized gains on investment securities [Member]	Jun. 30, 2013 Unrealized gains on investment securities [Member]	Jun. 30, 2014 Fair value change of derivatives [Member]	Jun. 30, 2013 Fair value change of derivatives [Member]	Jun. 30, 2014 Fair value change of derivatives [Member]	Jun. 30, 2013 Fair value change of derivatives [Member]	Jun. 30, 2014 Accumulated other comprehensive loss [Member]	Jun. 30, 2013 Accumulated other comprehensive loss [Member]	Jun. 30, 2014 Accumulated other comprehensive loss [Member]	Jun. 30, 2013 Accumulated other comprehensive loss [Member]
Accumulated Other Comprehensive Income Loss Net Of Tax [Line Items]
Beginning Balance	$ (24,107)	$ (27,694)	$ 3,692	$ 9,028	$ 5,712	$ 18,320	$ (33,413)	$ (63,010)	$ (33,406)	$ (64,018)	$ 1,146	$ 0	$ 0	$ 0	$ 78	$ 734	$ 0	$ 250	$ (28,497)	$ (53,248)	$ (27,694)	$ (45,448)
Other comprehensive income (loss) before reclassifications			5,591	(14,139)	3,571	(23,431)	175	113	334	905	0	0	1,146	0	76	(674)	149	(183)	5,842	(14,700)	5,200	(22,709)
Amounts reclassified from accumulated other comprehensive income (loss)			0	0	0	0	(251)	224	(417)	440	(1,146)	0	(1,146)	0	(55)	(226)	(50)	(233)	(1,452)	(2)	(1,613)	207
Net current period other comprehensive income (loss)			5,591	(14,139)	3,571	(23,431)	(76)	337	(83)	1,345	(1,146)	0	0	0	21	(900)	99	(416)	4,390	(14,702)	3,587	(22,502)
Ending Balance	$ (24,107)	$ (27,694)	$ 9,283	$ (5,111)	$ 9,283	$ (5,111)	$ (33,489)	$ (62,673)	$ (33,489)	$ (62,673)	$ 0	$ 0	$ 0	$ 0	$ 99	$ (166)	$ 99	$ (166)	$ (24,107)	$ (67,950)	$ (24,107)	$ (67,950)

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Business Segments (Tables)

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Information on Company's Business Segments

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

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2014			2013			2014
Sales to external customers:
North America	$	400,098		$	452,187		$	782,906		$	884,792
Europe	283,647			305,738			548,154			613,899
South America	50,275			41,406			95,677			81,172
Asia Pacific	50,687			58,222			105,547			115,296
Consolidated	$	784,707		$	857,553		$	1,532,284		$	1,695,159
Intersegment sales:
North America	$	3,104		$	3,134		$	6,838		6,493
Europe	2,550			2,123			4,397			4,350
South America	—			—			—			—
Asia Pacific	2,316			1,625			4,421			3,472
Eliminations and other	(7,970		)	(6,882		)	(15,656		)	(14,315		)
Consolidated	$	—		$	—		$	—		$	—
Segment profit (loss):
North America	$	37,626		$	36,469		$	71,432		$	74,929
Europe	(1,231		)	(12,863		)	(7,284		)	(16,045		)
South America	(541		)	(4,309		)	(3,922		)	(6,816		)
Asia Pacific	2,494			(621		)	5,886			29
Income before income taxes	$	38,348		$	18,676		$	66,112		$	52,097
Restructuring cost included in segment profit (loss):
North America	$	104		$	79		$	1,888		$	177
Europe	989			3,515			3,959			6,378
South America	—			—			—			—
Asia Pacific	(5		)	162			1			290
Consolidated	$	1,088		$	3,756		$	5,848		$	6,845

	December 31, 2013		June 30, 2014
Segment assets:
North America	$	866,847	$	949,061
Europe	680,920		755,113
South America	138,469		145,305
Asia Pacific	243,736		254,970
Eliminations and other	172,782		132,396
Consolidated	$	2,102,754	$	2,236,845

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Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

Fair Value Hierarchy Level for Company's Liabilities Measured

Fair value measurements and the fair value hierarchy level for the Company’s liabilities measured or disclosed at fair value on a recurring basis as of December 31, 2013 and June 30, 2014, are shown below:

	December 31, 2013			June 30, 2014			Input
Forward foreign exchange contracts - other current assets	$	36		$	258		Level 2
Forward foreign exchange contracts - accrued liabilities	(1		)	(78		)	Level 2

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Restructuring

6 Months Ended

Jun. 30, 2014

Restructuring and Related Activities [Abstract]

Restructuring

3. Restructuring

Restructuring activities initiated prior to 2013

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

The following table summarizes the restructuring expense (reversal) for these initiatives for the three and six months ended June 30, 2013 and 2014:

	Three Months Ended June 30,					Six Months Ended June 30,
	2013		2014			2013		2014
Employee separation costs (reversals)	$	712	$	(301	)	$	2,861	$	(59	)
Other exit costs (reversals)	376		(61		)	1,279		226
Asset impairments	—		—			87		—
	$	1,088	$	(362	)	$	4,227	$	167

The following table summarizes the activity in the restructuring liability for these initiatives for the six months ended June 30, 2014:

	Employee Separation Costs			Other Exit Costs			Asset Impairments		Total
Balance at January 1, 2014	$	819		$	16		$	—	$	835
Expense (reversal)	(59		)	226			—		167
Cash payments and foreign exchange translation	(667		)	(228		)	—		(895		)
Balance at June 30, 2014	$	93		$	14		$	—	$	107

Restructuring activities initiated in 2013

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

In the third quarter of 2013, the Company initiated the closure of a facility in Korea and the transfer of equipment to another facility in Korea. The Company has recognized $911 of costs related to this initiative and, as of June 30, 2014, this initiative was substantially completed. For the three and six months ended June 30, 2014, the Company recorded $156 and $284 of other exit costs, respectively, related to this initiative. As of June 30, 2014, the liability associated with this initiative is $0.

In the fourth quarter of 2013, the Company initiated the restructure of a facility in Europe. The estimated cost of this initiative is $20,900 and is expected to be completed in 2016. The Company has recognized $19,404 of costs related to this initiative.

The following table summarizes the restructuring expense for this initiative for the three and six months ended June 30, 2013 and 2014:

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2014		2013		2014
Employee separation costs	$	—	$	412	$	—	$	412
Other exit costs	—		2,533		—		4,806
	$	—	$	2,945	$	—	$	5,218

The following table summarizes the activity in the restructuring liability for this initiative for the six months ended June 30, 2014:

	Employee Separation Costs			Other Exit Costs			Asset Impairments		Total
Balance at January 1, 2014	$	13,501		$	—		$	—	$	13,501
Expense	412			4,806			—		5,218
Cash payments and foreign exchange translation	(2,586		)	(4,806		)	—		(7,392		)
Balance at June 30, 2014	$	11,327		$	—		$	—	$	11,327

Restructuring activities initiated in 2014

In the first half of 2014, the Company initiated the restructure of certain facilities in Europe. The estimated costs of these initiatives is $2,900 and are expected to be completed in 2014. For the three and six months ended June 30, 2014, the Company recorded $386 and $545 of other exit costs, respectively. In addition, for the three and six months ended June 30, 2014 the Company recorded $631 of employee separation costs. As of June 30, 2014, there was $518 liability associated with these initiatives.

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Overview - Narrative (Details) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014 product_group
Property, Plant and Equipment [Line Items]
Number of product groups	4
Assets held-for-sale	$ 25,000
North America [Member]
Property, Plant and Equipment [Line Items]
Assets held-for-sale	15,000
Europe [Member]
Property, Plant and Equipment [Line Items]
Assets held-for-sale	$ 10,000

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Debt - Outstanding Debt (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Term loan	$ 746,384	$ 0
Senior notes	0	450,000
Senior PIK toggle notes	0	196,484
Other borrowings	46,133	37,940
Total debt	792,517	684,424
Less current portion	(29,534)	(28,329)
Total long-term debt	$ 762,983	$ 656,095

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Business Segments - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2014 Segment
Segment Reporting Information [Line Items]
Number of reportable segments	4

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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Statement [Abstract]
Sales	$ 857,553	$ 784,707	$ 1,695,159	$ 1,532,284
Cost of products sold	711,444	652,443	1,414,791	1,279,707
Gross profit	146,109	132,264	280,368	252,577
Selling, administration & engineering expenses	81,873	72,745	161,244	147,839
Amortization of intangibles	3,997	3,858	8,433	7,749
Restructuring	3,756	1,088	6,845	5,848
Operating profit	56,483	54,573	103,846	91,141
Interest expense, net of interest income	(10,919)	(13,575)	(25,927)	(24,782)
Equity earnings	1,745	3,363	2,981	6,098
Other expense, net	(28,633)	(6,013)	(28,803)	(6,345)
Income before income taxes	18,676	38,348	52,097	66,112
Income tax expense	4,424	12,202	16,488	20,093
Net income	14,252	26,146	35,609	46,019
Net (income) loss attributable to noncontrolling interests	(1,058)	1,286	(2,680)	2,114
Net income attributable to Cooper-Standard Holdings Inc.	13,194	27,432	32,929	48,133
Net income available to Cooper-Standard Holdings Inc. common stockholders	13,194	20,552	32,929	35,913
Earnings per share
Basic	$ 0.78	$ 1.45	$ 1.96	$ 2.33
Diluted	$ 0.72	$ 1.34	$ 1.82	$ 2.19
Comprehensive income attributable to Cooper-Standard Holdings Inc.
Comprehensive income	18,619	11,858	39,349	23,801
Comprehensive (income) loss attributable to noncontrolling interests	(1,034)	872	(2,832)	1,830
Comprehensive income attributable to Cooper-Standard Holdings Inc.	$ 17,585	$ 12,730	$ 36,517	$ 25,631

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Accumulated Other Comprehensive Income , Equity and Redeemable Noncontrolling Interests - Changes in Accumulated Other Comprehensive Income (Loss) (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Equity [Abstract]
Other comprehensive income (loss) related to benefit plan liability, tax	$ (20)	$ (498)	$ (94)	$ (400)
Other comprehensive income (loss), unrealized holding gain (loss) on securities arising during period, tax	736
Other comprehensive income (loss) related to fair value change of derivatives, tax	(22)	212	(81)	125
Other comprehensive income (loss), reclassification adjustment from AOCI for sale of securities, net of tax	1,882		1,882
Other comprehensive income (loss), reclassification adjustment from AOCI for sale of securities, tax	$ 736		$ 736

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Overview

6 Months Ended

Jun. 30, 2014

Accounting Policies [Abstract]

Overview

1. Overview

Basis of presentation

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

The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information and should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013 (the "2013 Annual Report"), as filed with the SEC. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. These financial statements include all adjustments (consisting of normal, recurring adjustments) considered necessary for a fair presentation of the financial position and results of operations of the Company. Certain prior period amounts have been reclassified to conform to the current period financial statement presentation. The operating results for the interim period ended June 30, 2014 are not necessarily indicative of results for the full year. In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through the date the financial statements were issued.

Disposition

In June 2014, the Company entered into an agreement to sell its thermal and emissions product line, which will allow the Company to focus on its four core product groups. The sale closed in the third quarter of 2014. As of June 30, 2014, the Company had reclassified approximately $25,000, primarily consisting of property, plant and equipment, net to other current assets as assets held for sale. The assets held for sale consist of approximately $15,000 and $10,000 relating to the North America and Europe segments, respectively. This disposition does not meet the discontinued operations criteria.

Recent accounting pronouncements

In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers (Topic 606). The core principle of this guidance is that a company should recognize revenue to depict the transfer of promised goods or services to a customer at an amount reflecting the consideration it expects to receive in exchange for those goods or services. The guidance is effective for the first interim period within annual reporting periods beginning after December 15, 2016, and early adoption is not permitted. The guidance allows for companies to use either a full retrospective or a modified retrospective approach when adopting. The Company is currently evaluating the impact of adopting this guidance on its condensed consolidated financial statements.

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

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

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Goodwill and Intangibles - Intangible Assets and Accumulated Amortization Balances (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 156,670	$ 154,770
Accumulated Amortization	(62,378)	(53,334)
Net Carrying Amount	94,292	101,436
Customer relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	137,245	135,483
Accumulated Amortization	(54,522)	(46,466)
Net Carrying Amount	82,723	89,017
Developed technology [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	9,718	9,757
Accumulated Amortization	(6,550)	(5,817)
Net Carrying Amount	3,168	3,940
Other [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	9,707	9,530
Accumulated Amortization	(1,306)	(1,051)
Net Carrying Amount	$ 8,401	$ 8,479

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Goodwill and Intangibles (Tables)

6 Months Ended

Jun. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Carrying Amount of Goodwill by Reportable Operating Segment

The changes in the carrying amount of goodwill by reportable operating segment for the six months ended June 30, 2014 are summarized as follows:

	North America			Europe			South America		Asia Pacific			Total
Balance at January 1, 2014	$	119,870		$	14,460		$	—	$	5,371		$	139,701
Foreign exchange translation	(34		)	(135		)	—		(130		)	(299		)
Balance at June 30, 2014	$	119,836		$	14,325		$	—	$	5,241		$	139,402

Intangible Assets and Accumulated Amortization Balances

The following table presents intangible assets and accumulated amortization balances of the Company as of December 31, 2013 and June 30, 2014, respectively:

	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	135,483	$	(46,466	)	$	89,017
Developed technology	9,757		(5,817		)	3,940
Other	9,530		(1,051		)	8,479
Balance at December 31, 2013	$	154,770	$	(53,334	)	$	101,436
Customer relationships	$	137,245	$	(54,522	)	$	82,723
Developed technology	9,718		(6,550		)	3,168
Other	9,707		(1,306		)	8,401
Balance at June 30, 2014	$	156,670	$	(62,378	)	$	94,292

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Restructuring - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended			6 Months Ended		3 Months Ended	6 Months Ended	3 Months Ended			6 Months Ended		3 Months Ended	6 Months Ended
	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014 Korea Facility [Member]	Jun. 30, 2014 Korea Facility [Member]	Jun. 30, 2014 Europe Facilities [Member]	Dec. 31, 2013 Europe Facilities [Member]	Jun. 30, 2013 Europe Facilities [Member]	Jun. 30, 2014 Europe Facilities [Member]	Jun. 30, 2013 Europe Facilities [Member]	Jun. 30, 2014 Europe Facilities 2014 [Member]	Jun. 30, 2014 Europe Facilities 2014 [Member]
Restructuring Cost and Reserve [Line Items]
Aggregate expense incurred related to restructuring		$ 1,621					$ 911		$ 19,404
Estimated restructuring cost for initiative		0							20,900					2,900
Restructuring	3,756		1,088	6,845	5,848	156	284	2,945		0	5,218	0	386	545
Severance Costs													631	631
Liability related to restructuring activities						$ 0	$ 0	$ 11,327	$ 13,501		$ 11,327		$ 518	$ 518
Completion period of initiative									2016				2014

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Inventories (Tables)

6 Months Ended

Jun. 30, 2014

Inventory Disclosure [Abstract]

Summary of Inventories

Inventories were comprised of the following at December 31, 2013 and June 30, 2014:

	December 31, 2013		June 30, 2014
Finished goods	$	48,787	$	50,549
Work in process	38,929		43,078
Raw materials and supplies	92,050		92,416
	$	179,766	$	186,043

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Goodwill and Intangibles

6 Months Ended

Jun. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangibles

2. Goodwill and Intangibles

The changes in the carrying amount of goodwill by reportable operating segment for the six months ended June 30, 2014 are summarized as follows:

	North America			Europe			South America		Asia Pacific			Total
Balance at January 1, 2014	$	119,870		$	14,460		$	—	$	5,371		$	139,701
Foreign exchange translation	(34		)	(135		)	—		(130		)	(299		)
Balance at June 30, 2014	$	119,836		$	14,325		$	—	$	5,241		$	139,402

Goodwill is not amortized, but is tested for impairment by reporting unit either annually or when events or circumstances indicate that impairment may exist. There were no indicators of potential impairment as of June 30, 2014.

The following table presents intangible assets and accumulated amortization balances of the Company as of December 31, 2013 and June 30, 2014, respectively:

	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	135,483	$	(46,466	)	$	89,017
Developed technology	9,757		(5,817		)	3,940
Other	9,530		(1,051		)	8,479
Balance at December 31, 2013	$	154,770	$	(53,334	)	$	101,436
Customer relationships	$	137,245	$	(54,522	)	$	82,723
Developed technology	9,718		(6,550		)	3,168
Other	9,707		(1,306		)	8,401
Balance at June 30, 2014	$	156,670	$	(62,378	)	$	94,292

Amortization expense totaled $3,858 and $3,997 for the three months ended June 30, 2013 and 2014, respectively, and $7,749 and $8,433 for the six months ended June 30, 2013 and 2014, respectively. Amortization expense is estimated to be approximately $16,000 for the year ending December 31, 2014.

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 207,385	$ 184,370
Accounts receivable, net	437,983	365,750
Tooling receivable	150,828	156,205
Inventories	186,043	179,766
Prepaid expenses	26,562	26,940
Other	109,860	82,301
Total current assets	1,118,661	995,332
Property, plant and equipment, net	747,727	732,902
Goodwill	139,402	139,701
Intangibles, net	94,292	101,436
Deferred tax assets	28,737	34,235
Other assets	108,026	99,148
Total assets	2,236,845	2,102,754
Current liabilities:
Debt payable within one year	29,534	28,329
Accounts payable	313,778	355,394
Payroll liabilities	126,142	97,146
Accrued liabilities	82,185	89,302
Total current liabilities	551,639	570,171
Long-term debt	762,983	656,095
Pension benefits	144,725	151,113
Postretirement benefits other than pensions	56,358	57,224
Deferred tax liabilities	8,932	11,146
Other liabilities	41,307	36,280
Total liabilities	1,565,944	1,482,029
Redeemable noncontrolling interests	5,154	5,153
7% Cumulative participating convertible preferred stock, $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding	0	0
Equity:
Common stock, $0.001 par value, 190,000,000 shares authorized at December 31, 2013 and June 30, 2014; 18,226,223 shares issued and 16,676,539 outstanding at December 31, 2013 and 18,580,560 shares issued and 17,030,876 outstanding at June 30, 2014	17	17
Additional paid-in capital	501,225	489,052
Retained earnings	188,358	156,775
Accumulated other comprehensive loss	(24,107)	(27,694)
Total Cooper-Standard Holdings Inc. equity	665,493	618,150
Noncontrolling interests	254	(2,578)
Total equity	665,747	615,572
Total liabilities and equity	$ 2,236,845	$ 2,102,754

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Related Party Transactions

6 Months Ended

Jun. 30, 2014

Related Party Transactions [Abstract]

Related Party Transactions

12. Related Party Transactions

Sales to Nishikawa Standard Company ("NISCO"), a 40% owned joint venture, totaled $12,264 and $8,197 for the three months ended June 30, 2013 and 2014, respectively, and $23,834 and $19,046 for the six months ended June 30, 2013 and 2014, respectively. In March 2013, the Company received from NISCO a dividend of $4,000, consisting of $1,880 related to earnings and a $2,120 return on capital. In March 2014, the Company received from NISCO a dividend of $1,760, consisting of $809 related to earnings and a $951 return of capital.

In the second quarter of 2014, the Company sold the remaining 17% of the common stock in Guyoung Technology Co. Ltd. for $3,216 and recorded a gain on the investment of $1,882. The gain is recorded in other expense, net on the Company's condensed consolidated statements of comprehensive income.

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Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Jul. 28, 2014
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q2
Trading Symbol	CPS
Entity Registrant Name	Cooper-Standard Holdings Inc.
Entity Central Index Key	0001320461
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		17,071,150

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Business Segments

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Business Segments

13. Business Segments

ASC 280, “Segment Reporting,” establishes the standards for reporting information about operating segments in financial statements. In applying the criteria set forth in ASC 280, the Company has determined that it operates in four reportable segments, North America, Europe, South America and Asia Pacific. The Company’s principal product lines within each of these segments are sealing and trim systems, fuel and brake delivery systems, fluid transfer systems, thermal and emissions systems, and anti-vibration systems. The Company evaluates segment performance based on segment profit before tax. The results of each segment include certain allocations for general, administrative, interest, and other shared costs.

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

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2014			2013			2014
Sales to external customers:
North America	$	400,098		$	452,187		$	782,906		$	884,792
Europe	283,647			305,738			548,154			613,899
South America	50,275			41,406			95,677			81,172
Asia Pacific	50,687			58,222			105,547			115,296
Consolidated	$	784,707		$	857,553		$	1,532,284		$	1,695,159
Intersegment sales:
North America	$	3,104		$	3,134		$	6,838		6,493
Europe	2,550			2,123			4,397			4,350
South America	—			—			—			—
Asia Pacific	2,316			1,625			4,421			3,472
Eliminations and other	(7,970		)	(6,882		)	(15,656		)	(14,315		)
Consolidated	$	—		$	—		$	—		$	—
Segment profit (loss):
North America	$	37,626		$	36,469		$	71,432		$	74,929
Europe	(1,231		)	(12,863		)	(7,284		)	(16,045		)
South America	(541		)	(4,309		)	(3,922		)	(6,816		)
Asia Pacific	2,494			(621		)	5,886			29
Income before income taxes	$	38,348		$	18,676		$	66,112		$	52,097
Restructuring cost included in segment profit (loss):
North America	$	104		$	79		$	1,888		$	177
Europe	989			3,515			3,959			6,378
South America	—			—			—			—
Asia Pacific	(5		)	162			1			290
Consolidated	$	1,088		$	3,756		$	5,848		$	6,845

	December 31, 2013		June 30, 2014
Segment assets:
North America	$	866,847	$	949,061
Europe	680,920		755,113
South America	138,469		145,305
Asia Pacific	243,736		254,970
Eliminations and other	172,782		132,396
Consolidated	$	2,102,754	$	2,236,845

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CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]
Cumulative participating convertible preferred stock, dividend rate percentage	7.00%	7.00%
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	190,000,000	190,000,000
Common stock, shares issued	18,580,560	18,226,223
Common stock, shares outstanding	17,030,876	16,676,539

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Income Taxes

6 Months Ended

Jun. 30, 2014

Income Tax Disclosure [Abstract]

Income Taxes

7. Income Taxes

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

The effective tax rate for the three and six months ended June 30, 2014 was 24% and 32%, respectively. The effective tax rate for the three and six months ended June 30, 2013 was 32% and 30%, respectively. The effective tax rate for the three months ended June 30, 2014 as compared to the three months ended June 30, 2013 is lower primarily due to the tax benefits related to the loss on extinguishment of debt recorded as a discrete item in the three months ended June 30, 2014. The higher effective tax rate for the six months ended June 30, 2014 as compared to the six months ended June 30, 2013 is primarily a result of the U.S. research and development tax credit not reenacted for 2014; therefore it is not reflected as a benefit in the 2014 effective tax rate. The higher effective tax rate was partly offset by the impacts of the tax benefits related to the loss on extinguishment of debt recorded as a discrete item in the three months ended June 30, 2014. The income tax rate for the three and six months ended June 30, 2014 varies from statutory rates due to the impact of discrete items in the quarter, 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

6 Months Ended

Jun. 30, 2014

Compensation and Retirement Disclosure [Abstract]

Pension and Postretirement Benefits other than Pensions

6. Pension and Postretirement Benefits other than Pensions

The following tables disclose the amount of net periodic benefit cost for the three and six months ended June 30, 2013 and 2014 for the Company’s defined benefit plans and other postretirement benefit plans:

	Pension Benefits
	Three Months Ended June 30,
	2013						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	305		$	877		$	213		$	867
Interest cost	3,052			1,691			3,370			1,812
Expected return on plan assets	(4,342		)	(936		)	(4,764		)	(972		)
Amortization of prior service cost and recognized actuarial loss	344			326			16			230
Settlement	783			—			—			—
Net periodic benefit cost (gain)	$	142		$	1,958		$	(1,165	)	$	1,937
	Pension Benefits
	Six Months Ended June 30,
	2013						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	610		$	1,765		$	426		$	1,728
Interest cost	6,104			3,401			6,740			3,614
Expected return on plan assets	(8,684		)	(1,885		)	(9,528		)	(1,930		)
Amortization of prior service cost and recognized actuarial loss	688			656			32			461
Settlement	783			—			—			—
Net periodic benefit cost (gain)	$	(499	)	$	3,937		$	(2,330	)	$	3,873

	Other Postretirement Benefits
	Three Months Ended June 30,
	2013						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	147		$	166		$	106		$	138
Interest cost	407			186			397			190
Amortization of prior service credit and recognized actuarial gain	(281		)	(35		)	(481		)	(73		)
Other	6			—			6			—
Net periodic benefit cost	$	279		$	317		$	28		$	255
	Other Postretirement Benefits
	Six Months Ended June 30,
	2013						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	294		$	334		$	212		$	274
Interest cost	814			374			794			378
Amortization of prior service credit and recognized actuarial gain	(562		)	(71		)	(962		)	(144		)
Other	12			—			12			—
Net periodic benefit cost	$	558		$	637		$	56		$	508

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Restructuring (Tables)

6 Months Ended

Jun. 30, 2014

Summary of Activity of Restructuring

The following table summarizes the activity in the restructuring liability for these initiatives for the six months ended June 30, 2014:

	Employee Separation Costs			Other Exit Costs			Asset Impairments		Total
Balance at January 1, 2014	$	819		$	16		$	—	$	835
Expense (reversal)	(59		)	226			—		167
Cash payments and foreign exchange translation	(667		)	(228		)	—		(895		)
Balance at June 30, 2014	$	93		$	14		$	—	$	107

The following table summarizes the activity in the restructuring liability for this initiative for the six months ended June 30, 2014:

	Employee Separation Costs			Other Exit Costs			Asset Impairments		Total
Balance at January 1, 2014	$	13,501		$	—		$	—	$	13,501
Expense	412			4,806			—		5,218
Cash payments and foreign exchange translation	(2,586		)	(4,806		)	—		(7,392		)
Balance at June 30, 2014	$	11,327		$	—		$	—	$	11,327

The following table summarizes the restructuring expense for this initiative for the three and six months ended June 30, 2013 and 2014:

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2014		2013		2014
Employee separation costs	$	—	$	412	$	—	$	412
Other exit costs	—		2,533		—		4,806
	$	—	$	2,945	$	—	$	5,218

Restructuring Charges [Member]

Summary of Activity of Restructuring

The following table summarizes the restructuring expense (reversal) for these initiatives for the three and six months ended June 30, 2013 and 2014:

	Three Months Ended June 30,					Six Months Ended June 30,
	2013		2014			2013		2014
Employee separation costs (reversals)	$	712	$	(301	)	$	2,861	$	(59	)
Other exit costs (reversals)	376		(61		)	1,279		226
Asset impairments	—		—			87		—
	$	1,088	$	(362	)	$	4,227	$	167

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Financial Instruments

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

Financial Instruments

14. Financial Instruments

Fair value of the Senior Notes approximated $477,000 at December 31, 2013, based on quoted market prices, compared to the recorded value of $450,000. During the second quarter 2014, the Company extinguished its Senior Notes (see Note 5. "Debt" for additional details). This fair value measurement was classified within Level 1 of the fair value hierarchy.

Fair value of the Senior PIK Toggle Notes approximated $197,466 at December 31, 2013, based on quoted market prices, compared to the recorded value of $196,484. During the second quarter 2014, the Company extinguished its Senior PIK Toggle Notes (see Note 5. "Debt" for additional details). This fair value measurement was classified within Level 1 of the fair value hierarchy.

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

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

At December 31, 2013 and June 30, 2014, the estimated redemption value of the put option relating to the noncontrolling interest in CS France was $0. The redemption amount, if any, related to the put option is guaranteed by the Company and secured with the CS France shares held by a subsidiary of the Company. The Company has determined that the non-recurring fair value measurement related to this calculation relies primarily on Company-specific inputs and the Company’s assumptions, as observable inputs are not available. As such, the Company has determined that this fair value measurement resides within Level 3 of the fair value hierarchy. To determine the fair value of the put option, the Company utilizes the projected cash flows expected to be generated by the joint venture, then discounts the future cash flows by using a risk-adjusted rate for the Company.

According to authoritative accounting guidance for redeemable noncontrolling shareholders’ interests, to the extent the noncontrolling shareholders have a contractual right to receive an amount upon exercise of a put option that is other than fair value, and such amount is greater than carrying value, then the noncontrolling shareholder has, in substance, received a dividend distribution that is different than other common stockholders. Therefore the redemption amount in excess of fair value should be reflected in the computation of earnings per share available to the Company’s common stockholders. At June 30, 2014 there was no difference between redemption value and fair value.

Derivative Instruments and Hedging Activities

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

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

Cash Flow Hedges

Forward foreign exchange contracts—The Company enters into forward contracts to hedge currency risk of the U.S. Dollar against the Mexican Peso, the Danish Krone against the Euro, the Polish Zloty against the Euro, and the Euro against the Romanian Lue 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 June 30, 2014, the notional amount of these contracts was $32,547. The fair values of these contracts at June 30, 2014 were $258 in the asset position recorded in other current assets and $78 in the liability position recorded in accrued liabilities in the condensed consolidated balance sheet. The gains or losses on the forward contracts are reported as a component of accumulated other comprehensive loss and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. The amount reclassified from accumulated other comprehensive loss into cost of products sold was $81 and $74 for the three and six months ended June 30, 2014. These foreign currency derivative contracts consist of hedges of transactions up to December 2014.

Undesignated Derivatives

As part of the FMEA joint venture, SPBT had undesignated derivative forward contracts to hedge currency risk of the Euro against the Polish Zloty which are included in the Company’s condensed consolidated financial statements. The forward contracts were used to mitigate the potential volatility of cash flows arising from changes in currency exchange rates that impacted the Company’s foreign currency transactions. These foreign currency derivative contracts related to hedge transactions through April 2014. The unrealized gain or loss on the forward contracts is reported as a component of other income (expense), net. The unrealized gain (loss) amounted to ($305) and $4 for the three months ended June 30, 2013 and 2014, respectively, and ($493) and $(34), for the six months ended June 30, 2013 and 2014, respectively.

Fair Value Measurements

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

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

Estimates of the fair value of foreign currency and interest rate derivative instruments are determined using exchange traded prices and rates. The Company also considers the risk of non-performance in the estimation of fair value, and includes an adjustment for non-performance risk in the measure of fair value of derivative instruments. In certain instances where market data is not available, the Company uses management judgment to develop assumptions that are used to determine fair value. Fair value measurements and the fair value hierarchy level for the Company’s liabilities measured or disclosed at fair value on a recurring basis as of December 31, 2013 and June 30, 2014, are shown below:

	December 31, 2013			June 30, 2014			Input
Forward foreign exchange contracts - other current assets	$	36		$	258		Level 2
Forward foreign exchange contracts - accrued liabilities	(1		)	(78		)	Level 2

Items measured at fair value on a non-recurring basis

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

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Stock-Based Compensation

6 Months Ended

Jun. 30, 2014

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

Stock-Based Compensation

10. Stock-Based Compensation

Under the Company's Omnibus incentive plans, stock options, restricted common stock, restricted 7% preferred stock, unrestricted common stock and restricted stock units have been granted to key employees and directors. Total compensation expense recognized was $1,834 and $3,923 for the three months ended June 30, 2013 and 2014, respectively, and $5,634 and $7,829 for the six months ended June 30, 2013 and 2014, respectively.

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

6 Months Ended

Jun. 30, 2014

Equity [Abstract]

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

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

The changes in accumulated other comprehensive income (loss) by component for the three and six months ended June 30, 2013 and 2014, net of related tax, are as follows:

	Three Months Ended June 30, 2013
	Cumulative currency translation adjustment			Benefit plan liability			Unrealized gain on investment securities		Fair value change of derivatives			Accumulated other comprehensive loss
Balance at April 1, 2013	$	9,028		$	(63,010	)	$	—	$	734		$	(53,248	)
Other comprehensive income (loss) before reclassifications	(14,139		)	113			—		(674		)	(14,700		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			224			—		(226		)	(2		)
Net current period other comprehensive income (loss)(1)	(14,139		)	337			—		(900		)	(14,702		)
Balance at June 30, 2013	$	(5,111	)	$	(62,673	)	$	—	$	(166	)	$	(67,950	)
Amounts in parentheses indicate debits.

(1) Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of ($498). Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $212.

	Three Months Ended June 30, 2014
	Cumulative currency translation adjustment		Benefit plan liability			Unrealized gain on investment securities (2)			Fair value change of derivatives			Accumulated other comprehensive loss
Balance at April 1, 2014	$	3,692	$	(33,413	)	$	1,146		$	78		$	(28,497	)
Other comprehensive income (loss) before reclassifications	5,591		175			—			76			5,842
Amounts reclassified from accumulated other comprehensive income (loss)	—		(251		)	(1,146		)	(55		)	(1,452		)
Net current period other comprehensive income (loss)(1)	5,591		(76		)	(1,146		)	21			4,390
Balance at June 30, 2014	$	9,283	$	(33,489	)	$	—		$	99		$	(24,107	)
Amounts in parentheses indicate debits.

(1) Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of $(20). Other comprehensive income (loss) related to the unrealized gain on investment securities is net of a tax effect of $736. Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $(22).

(2) The unrealized gain on investment securities that was reclassified out of accumulated other comprehensive income (loss) related to the gain on the sale of investment of $1,882, which is recorded in other expense, net, less income tax expense of $736.

	Six Months Ended June 30, 2013
	Cumulative currency translation adjustment			Benefit plan liability			Unrealized gain on investment securities		Fair value change of derivatives			Accumulated other comprehensive loss
Balance at January 1, 2013	$	18,320		$	(64,018	)	$	—	$	250		$	(45,448	)
Other comprehensive loss before reclassifications	(23,431		)	905			—		(183		)	(22,709		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			440			—		(233		)	207
Net current period other comprehensive income (loss)(1)	(23,431		)	1,345			—		(416		)	(22,502		)
Balance at June 30, 2013	$	(5,111	)	$	(62,673	)	$	—	$	(166	)	$	(67,950	)
Amounts in parentheses indicate debits.

(1) Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of ($400). Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $125.

	Six Months Ended June 30, 2014
	Cumulative currency translation adjustment		Benefit plan liability			Unrealized gain on investment securities (2)			Fair value change of derivatives			Accumulated other comprehensive loss
Balance at January 1, 2014	$	5,712	$	(33,406	)	$	—		$	—		$	(27,694	)
Other comprehensive loss before reclassifications	3,571		334			1,146			149			5,200
Amounts reclassified from accumulated other comprehensive income (loss)	—		(417		)	(1,146		)	(50		)	(1,613		)
Net current period other comprehensive income (loss)(1)	3,571		(83		)	—			99			3,587
Balance at June 30, 2014	$	9,283	$	(33,489	)	$	—		$	99		$	(24,107	)
Amounts in parentheses indicate debits.

(1) Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of $(94). Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $(81).

(2) The unrealized gain on investment securities that was reclassified out of accumulated other comprehensive income (loss) related to the gain on the sale of investment of $1,882, which is recorded in other expense, net, less income tax expense of $736.

The reclassifications out of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2013 and 2014 are as follows:

	Gain (loss) reclassified
	Three Months Ended June 30,						Six Months Ended June 30,
Details about accumulated other comprehensive loss components	2013			2014			2013			2014			Location of gain (loss) reclassified into income
Fair value change of derivatives
Interest rate contracts	$	270		$	—		$	230		$	—		Interest expense, net of interest income
Foreign exchange contracts	63			81			113			74			Cost of products sold
	333			81			343			74			Income before income taxes
	(107		)	(26		)	(110		)	(24		)	Income tax expense
	$	226		$	55		$	233		$	50		Consolidated net income
Amortization of defined benefit and other postretirement benefit plans
Prior service credits	$	153		$	169		$	311		$	251		(1)
Actuarial losses	(461		)	226			(932		)	450			(1)
	(308		)	395			(621		)	701			Income before income taxes
	84			(144		)	181			(284		)	Income tax expense
	$	(224	)	$	251		$	(440	)	$	417		Consolidated net income
Total reclassifications for the period	$	2		$	306		$	(207	)	$	467

(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 six months ended June 30, 2014:

	Cooper-Standard Holdings Inc.			Noncontrolling Interests			Total Equity			Redeemable Noncontrolling Interest
Equity at January 1, 2014	$	618,150		$	(2,578	)	$	615,572		$	5,153
Net income	32,929			2,820			35,749			(140		)
Warrant exercise	6,892			—			6,892			—
Other comprehensive income	3,587			12			3,599			141
Stock-based compensation, net	4,647			—			4,647			—
Shares issued under stock option plans	(712		)	—			(712		)	—
Equity at June 30, 2014	$	665,493		$	254		$	665,747		$	5,154

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

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

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

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

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

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

	Three Months Ended June 30,					Six Months Ended June 30,
	2013			2014		2013			2014
Net income attributable to Cooper-Standard Holdings Inc.	$	27,432		$	13,194	$	48,133		$	32,929
Less: 7% Preferred stock dividends (paid or unpaid)	(1,473		)	—		(3,150		)	—
Less: Undistributed earnings allocated to participating securities	(5,407		)	—		(9,070		)	—
Net income available to Cooper-Standard Holdings Inc. common stockholders	$	20,552		$	13,194	$	35,913		$	32,929
Increase in fair value of share-based awards	155			94		245			$	—
Diluted net income available to Cooper-Standard Holdings Inc. common stockholders	$	20,707		$	13,288	$	36,158		$	32,929
Basic weighted average shares of common stock outstanding	14,214,589			16,919,521		15,411,207			16,788,787
Dilutive effect of:
Restricted common stock	222,862			199,644		245,328			148,797
Restricted 7% preferred stock	21,867			—		29,703			—
Warrants	807,885			1,008,182		721,754			1,023,260
Options	144,003			302,879		120,063			102,900
Diluted weighted average shares of common stock outstanding	15,411,206			18,430,226		16,528,055			18,063,744
Basic net income per share attributable to Cooper-Standard Holdings Inc.	$	1.45		$	0.78	$	2.33		$	1.96
Diluted net income per share attributable to Cooper-Standard Holdings Inc.	$	1.34		$	0.72	$	2.19		$	1.82

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2014		2013		2014
Number of options	444,900		159,000		444,900		462,503
Exercise price	$45.00-52.50		$66.23-70.20		$45.00-52.50		$25.52-70.20
Restricted common stock	—		—		—		59,244
7% Preferred stock, as if converted	3,739,686		—		3,891,923		—
7% Preferred stock dividends, undistributed earnings and premium allocated to participating securities that would be added back in the diluted calculation	$	6,880	$	—	$	12,220	$	—

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Other Income (Expense), Net

6 Months Ended

Jun. 30, 2014

Other Income and Expenses [Abstract]

Other Income (Expense), Net

11. Other Expense, Net

The components of other expense, net are as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2014			2013			2014
Loss on extinguishment of debt	$	—		$	(30,288	)	$	—		$	(30,488	)
Foreign currency gains (losses)	(7,424		)	266			(7,164		)	798
Unrealized losses (gains) related to forward contracts	(305		)	4			(493		)	(34		)
Loss on sale of receivables	(425		)	(497		)	(798		)	(961		)
Gain on sale of investment	—			1,882			—			1,882
Miscellaneous income	2,141			—			2,110			—
Other expense, net	$	(6,013	)	$	(28,633	)	$	(6,345	)	$	(28,803	)

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Goodwill and Intangibles - Carrying Amount of Goodwill by Reportable Operating Segment (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2014
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 139,701
Foreign exchange translation	(299)
Goodwill, Ending Balance	139,402
North America [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	119,870
Foreign exchange translation	(34)
Goodwill, Ending Balance	119,836
Europe [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	14,460
Foreign exchange translation	(135)
Goodwill, Ending Balance	14,325
South America [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	0
Foreign exchange translation	0
Goodwill, Ending Balance	0
Asia Pacific [Member]
Goodwill [Roll Forward]
Goodwill, Beginning Balance	5,371
Foreign exchange translation	(130)
Goodwill, Ending Balance	$ 5,241

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Other Income (Expense), Net - Details of Components of Other Income Expense, Net (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Other Income and Expenses [Abstract]
Loss on debt repurchase	$ (30,288)	$ 0	$ (30,488)	$ 0
Foreign currency gains (losses)	266	(7,424)	798	(7,164)
Unrealized losses related to forward contracts	4	(305)	(34)	(493)
Loss on sale of receivables	(497)	(425)	(961)	(798)
Gain on sale of joint venture	1,882	0	1,882	0
Miscellaneous income (expense)	0	2,141	0	2,110
Other income (expense), net	$ (28,633)	$ (6,013)	$ (28,803)	$ (6,345)

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Overview (Policies)

6 Months Ended

Jun. 30, 2014

Accounting Policies [Abstract]

Basis of presentation

Basis of presentation

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

The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information and should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013 (the "2013 Annual Report"), as filed with the SEC. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. These financial statements include all adjustments (consisting of normal, recurring adjustments) considered necessary for a fair presentation of the financial position and results of operations of the Company. Certain prior period amounts have been reclassified to conform to the current period financial statement presentation. The operating results for the interim period ended June 30, 2014 are not necessarily indicative of results for the full year. In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through the date the financial statements were issued.

Recent accounting pronouncements

Recent accounting pronouncements

In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers (Topic 606). The core principle of this guidance is that a company should recognize revenue to depict the transfer of promised goods or services to a customer at an amount reflecting the consideration it expects to receive in exchange for those goods or services. The guidance is effective for the first interim period within annual reporting periods beginning after December 15, 2016, and early adoption is not permitted. The guidance allows for companies to use either a full retrospective or a modified retrospective approach when adopting. The Company is currently evaluating the impact of adopting this guidance on its condensed consolidated financial statements.

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

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

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Pension and Postretirement Benefits other than Pensions (Tables)

6 Months Ended

Jun. 30, 2014

Compensation and Retirement Disclosure [Abstract]

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

The following tables disclose the amount of net periodic benefit cost for the three and six months ended June 30, 2013 and 2014 for the Company’s defined benefit plans and other postretirement benefit plans:

	Pension Benefits
	Three Months Ended June 30,
	2013						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	305		$	877		$	213		$	867
Interest cost	3,052			1,691			3,370			1,812
Expected return on plan assets	(4,342		)	(936		)	(4,764		)	(972		)
Amortization of prior service cost and recognized actuarial loss	344			326			16			230
Settlement	783			—			—			—
Net periodic benefit cost (gain)	$	142		$	1,958		$	(1,165	)	$	1,937
	Pension Benefits
	Six Months Ended June 30,
	2013						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	610		$	1,765		$	426		$	1,728
Interest cost	6,104			3,401			6,740			3,614
Expected return on plan assets	(8,684		)	(1,885		)	(9,528		)	(1,930		)
Amortization of prior service cost and recognized actuarial loss	688			656			32			461
Settlement	783			—			—			—
Net periodic benefit cost (gain)	$	(499	)	$	3,937		$	(2,330	)	$	3,873

	Other Postretirement Benefits
	Three Months Ended June 30,
	2013						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	147		$	166		$	106		$	138
Interest cost	407			186			397			190
Amortization of prior service credit and recognized actuarial gain	(281		)	(35		)	(481		)	(73		)
Other	6			—			6			—
Net periodic benefit cost	$	279		$	317		$	28		$	255
	Other Postretirement Benefits
	Six Months Ended June 30,
	2013						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	294		$	334		$	212		$	274
Interest cost	814			374			794			378
Amortization of prior service credit and recognized actuarial gain	(562		)	(71		)	(962		)	(144		)
Other	12			—			12			—
Net periodic benefit cost	$	558		$	637		$	56		$	508

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Net Income Per Share Attributable to Cooper-Standard Holdings Inc -Common stock equivalents (Detail) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Stock Option [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
7% Preferred stock, as if converted	159,000	444,900	462,503	444,900
Stock Option [Member] | Minimum [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price	$ 66.23	$ 45.00	$ 25.52	$ 45.00
Stock Option [Member] | Maximum [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price	$ 70.20	$ 52.50	$ 70.2	$ 52.50
Restricted Stock [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
7% Preferred stock, as if converted	0	0	59,244	0
Convertible Preferred Stock [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
7% Preferred stock, as if converted	0	3,739,686	0	3,891,923
7% Preferred dividends, undistributed earnings and premium allocated to participating securities that would be added back in the diluted calculation	$ 0	$ 6,880	$ 0	$ 12,220

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Debt - Additional Information (Detail) (USD $)	6 Months Ended					0 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014 Senior PIK Toggle Notes [Member]	Mar. 21, 2014 Senior PIK Toggle Notes [Member]	Mar. 21, 2014 Senior Notes [Member]	Apr. 04, 2014 Medium-term Notes [Member]	Jun. 30, 2014 Medium-term Notes [Member]	Jun. 30, 2014 Amended Senior ABL Facility [Member]	Apr. 04, 2014 Amended Senior ABL Facility [Member]	Apr. 08, 2013 Amended Senior ABL Facility [Member]	Jun. 11, 2014 Amendment No. 1 to Senior ABL Facility [Member]	Apr. 04, 2014 Amendment No. 1 to Senior ABL Facility [Member]	Apr. 04, 2014 LIBOR [Member]	Apr. 04, 2014 Base Rate [Member]
Credit Facilities [Line Items]
Aggregate revolving loan availability								$ 180,000,000	$ 150,000,000	$ 150,000,000	$ 180,000,000
Letter of credit sub-facility									60,000,000	50,000,000
Swing line sub-facility									25,000,000	25,000,000
Uncommitted incremental loan facility									105,000,000	75,000,000		75,000,000
Total Senior ABL Facility									255,000,000	225,000,000	255,000,000
Letters of credit outstanding	35,576,465,000
Aggregate principal amount						750,000,000
Consolidated first lien debt ratio						2.25 to 1.00
Term loan accordion feature						300,000,000
Interest rate accrue	8.50%												1.00%	3.00%
Principle amount outstanding			750,000,000
Debt issuance costs						7,900,000
Discount on Senior PIK Toggle Notes						3,750,000	3,616,000
Percentage tendered				99.00%	49.00%
Loss on extinguishment of debt	30,488,000	0
Original issue discount and debt issuance costs	$ 4,500,000

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Operating Activities:
Net income	$ 35,609	$ 46,019
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	48,293	50,237
Amortization of intangibles	8,433	7,749
Stock-based compensation expense	7,829	5,634
Equity earnings, net of dividends related to earnings	(712)	(2,844)
Loss on extinguishment of debt	30,488	0
Gain on sale of investment	(1,882)	0
Deferred income taxes	3,284	15,232
Other	(297)	(843)
Changes in operating assets and liabilities	(76,846)	(148,672)
Net cash provided by (used in) operating activities	54,199	(27,488)
Investing activities:
Capital expenditures	(110,827)	(70,072)
Return on equity investments	951	2,120
Proceeds from sale of investment	3,216	0
Proceeds from sale of fixed assets and other	2,173	269
Net cash used in investing activities	(104,487)	(67,683)
Financing activities:
Proceeds from issuance of Senior PIK Toggle Notes, net of debt issuance costs	0	194,943
Proceeds from issuance of long-term debt, net of debt issuance costs	738,865	0
Repurchase of Senior Notes and Senior PIK Toggle Notes	(675,615)	0
Increase (decrease) in short-term debt, net	(394)	4,307
Borrowings on long-term debt	6,497	0
Principal payments on long-term debt	(125)	(2,593)
Preferred stock cash dividends paid	0	(1,651)
Purchase of noncontrolling interest	0	(1,911)
Repurchase of common stock	0	(217,240)
Proceeds from exercise of warrants	6,892	11,252
Taxes withheld and paid on employees' share based payment awards	(3,842)	(5,399)
Other	(317)	1,074
Net cash provided by (used in) financing activities	71,961	(17,218)
Effects of exchange rate changes on cash and cash equivalents	1,342	2,285
Changes in cash and cash equivalents	23,015	(110,104)
Cash and cash equivalents at beginning of period	184,370	270,555
Cash and cash equivalents at end of period	$ 207,385	$ 160,451

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Debt

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Debt

5. Debt

Outstanding debt consisted of the following at December 31, 2013 and June 30, 2014:

	December 31, 2013			June 30, 2014
Term loan	$	—		$	746,384
Senior notes	450,000			—
Senior PIK toggle notes	196,484			—
Other borrowings	37,940			46,133
Total debt	$	684,424		$	792,517
Less current portion	(28,329		)	(29,534		)
Total long-term debt	$	656,095		$	762,983

Senior ABL Facility

On April 8, 2013 the Company and certain of its subsidiaries entered into the Amended and Restated Senior Loan and Security Agreement (the “Amended Senior ABL Facility”), with certain lenders, which amended and restated the then existing senior secured asset-based revolving credit facility of the Company, dated May 27, 2010. The Amended Senior ABL Facility provided 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 Senior ABL Facility also provided for an uncommitted $75,000 incremental loan facility, for a potential total Amended Senior ABL Facility of $225,000 (if requested by the Company and one or more new or existing lenders agreed to fund such increase).

On April 4, 2014, the Company and certain of its subsidiaries entered into the Second Amended and Restated Loan Agreement (the "Senior ABL Facility"), which amended and restated the Amended Senior ABL Facility, in order to permit the Term Loan Facility (described below) and other related transactions. The Senior ABL Facility continues to provide for an aggregate revolving loan availability of up to $150,000, subject to borrowing base availability, including a $60,000 letter of credit sub-facility and the same $25,000 swing line sub-facility. The Senior ABL Facility also provided for an uncommitted $105,000 incremental loan facility, for a potential total Senior ABL Facility of $255,000 (if requested by the Company and one or more new or existing lenders agreed to fund such increase). The obligations under the Senior ABL Facility are secured by amongst other items (a) a first priority security interest in accounts receivable of the U.S. borrower and the U.S. guarantors arising from the sale of goods and services, and inventory, excluding certain property and subject to certain limitations (with obligations of the Canadian borrower secured also by comparable assets of the Canadian borrower and Canadian guarantors) and (b) a second priority security interest (subject to permitted liens and other customary exceptions) on (i) all the capital stock in restricted subsidiaries directly held by the U.S. borrower and each of the U.S. guarantors, (ii) substantially all material owned real property located in the U.S. and equipment of the U.S. borrower and the U.S. guarantors and (iii) all other material personal property of the U.S. borrower and the U.S. guarantors.

On June 11, 2014, the Company and certain of its subsidiaries entered into Amendment No. 1 to the Senior ABL Facility, which increased the aggregate revolving loan availability to $180,000, subject to borrowing base availability, principally by expanding a tooling receivable category of eligible borrowing base availability for the U.S. borrower and Canadian borrower. The Senior ABL Facility, as amended, also now provides for an uncommitted $75,000 incremental loan facility, for a potential total Senior ABL Facility of $255,000 (if requested by the Company and one or more new or existing 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 June 30, 2014, subject to borrowing base availability, the Company had $180,000 in availability under the Senior ABL Facility supporting outstanding letters of credit of $35,576,465.

Term Loan Facility

On April 4, 2014, certain subsidiaries of the Company entered into a term loan facility (the “Term Loan Facility”) in order to (i) refinance the Senior PIK Toggle Notes due 2018 of the Company and the 8 1/2% Senior Notes due 2018 of Cooper-Standard Automotive Inc. (the "Senior Notes"), including applicable call premiums and accrued and unpaid interest, (ii) pay related fees and expenses and (iii) provide for working capital and other general corporate purposes. The Term Loan Facility provides for loans in an aggregate principal amount of $750,000 and may be expanded (or a new term loan facility added) by an amount that will not cause the consolidated first lien debt ratio to exceed 2.25 to 1.00 plus $300,000. All obligations of the borrower are guaranteed jointly and severally on a senior secured basis by the direct parent company of the borrower and each existing and subsequently acquired or organized direct or indirect wholly-owned U.S. restricted subsidiary of the borrower. The obligations are secured by amongst other items (a) a first priority security interest (subject to permitted liens and other customary exceptions) on (i) all the capital stock in restricted subsidiaries directly held by the borrower and each of the guarantors, (ii) substantially all plant, material owned real property located in the U.S. and equipment of the borrower and the guarantors and (iii) all other personal property of the borrower and the guarantors, and (b) a second priority security interest (subject to permitted liens and other customary exceptions) in accounts receivable of the borrowers and the guarantors arising from the sale of goods and services, inventory, excluding certain collateral and subject to certain limitations. Loans under the Term Loan Facility bear interest at a rate equal to, at the Borrower’s option, LIBOR, subject to a 1.00% LIBOR Floor or the base rate option (the highest of the Federal Funds rate, prime rate, or one-month Eurodollar rate plus the appropriate spread), in each case, plus an applicable margin of 3.00%. The Term Loan Facility matures on April 4, 2021. On April 4, 2014, the aggregate principal amount of $750,000 was fully drawn to extinguish the Senior PIK Toggle Notes and the Senior Notes and to pay related fees and expenses. As of June 30, 2014, the entire principle amount of $750,000 was outstanding. Debt issuance costs of approximately $7,900 were incurred on this transaction, along with the original issue discount of $3,750. Both the debt issuance costs and the original issue discount will be amortized into interest expense over the term of the Term Loan Facility. As of June 30, 2014, the Company had $3,616 of unamortized original issue discount.

Prepayment of the Notes

On March 21, 2014, the Company and Cooper-Standard Automotive Inc. commenced cash tender offers for any and all of the outstanding Senior PIK Toggle Notes and Senior Notes, respectively. Approximately 99% of the Senior PIK Toggle Notes and 49% of the Senior Notes were tendered and purchased on April 4, 2014, and the funds to redeem the remainder were deposited with the Trustee. The remaining redemptions were completed on April 21, 2014 for the Senior Notes and May 5, 2014 for the Senior PIK Toggle Notes.

As a result of the purchases and redemptions, the Company recognized a loss on extinguishment of $30,488 in the six months ended June 30, 2014, which was primarily due to call and make-whole premiums and the write off of approximately $4,500 in original issue discount and debt issuance costs.

The Company used borrowings under the Term Loan Facility (described above), together with cash on hand, to finance the repurchase and redemption of the Senior PIK Toggle Notes and the Senior Notes.

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

6 Months Ended

Jun. 30, 2014

Equity [Abstract]

Changes in Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component for the three and six months ended June 30, 2013 and 2014, net of related tax, are as follows:

	Three Months Ended June 30, 2013
	Cumulative currency translation adjustment			Benefit plan liability			Unrealized gain on investment securities		Fair value change of derivatives			Accumulated other comprehensive loss
Balance at April 1, 2013	$	9,028		$	(63,010	)	$	—	$	734		$	(53,248	)
Other comprehensive income (loss) before reclassifications	(14,139		)	113			—		(674		)	(14,700		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			224			—		(226		)	(2		)
Net current period other comprehensive income (loss)(1)	(14,139		)	337			—		(900		)	(14,702		)
Balance at June 30, 2013	$	(5,111	)	$	(62,673	)	$	—	$	(166	)	$	(67,950	)
Amounts in parentheses indicate debits.

(1) Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of ($498). Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $212.

	Three Months Ended June 30, 2014
	Cumulative currency translation adjustment		Benefit plan liability			Unrealized gain on investment securities (2)			Fair value change of derivatives			Accumulated other comprehensive loss
Balance at April 1, 2014	$	3,692	$	(33,413	)	$	1,146		$	78		$	(28,497	)
Other comprehensive income (loss) before reclassifications	5,591		175			—			76			5,842
Amounts reclassified from accumulated other comprehensive income (loss)	—		(251		)	(1,146		)	(55		)	(1,452		)
Net current period other comprehensive income (loss)(1)	5,591		(76		)	(1,146		)	21			4,390
Balance at June 30, 2014	$	9,283	$	(33,489	)	$	—		$	99		$	(24,107	)
Amounts in parentheses indicate debits.

(1) Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of $(20). Other comprehensive income (loss) related to the unrealized gain on investment securities is net of a tax effect of $736. Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $(22).

(2) The unrealized gain on investment securities that was reclassified out of accumulated other comprehensive income (loss) related to the gain on the sale of investment of $1,882, which is recorded in other expense, net, less income tax expense of $736.

	Six Months Ended June 30, 2013
	Cumulative currency translation adjustment			Benefit plan liability			Unrealized gain on investment securities		Fair value change of derivatives			Accumulated other comprehensive loss
Balance at January 1, 2013	$	18,320		$	(64,018	)	$	—	$	250		$	(45,448	)
Other comprehensive loss before reclassifications	(23,431		)	905			—		(183		)	(22,709		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			440			—		(233		)	207
Net current period other comprehensive income (loss)(1)	(23,431		)	1,345			—		(416		)	(22,502		)
Balance at June 30, 2013	$	(5,111	)	$	(62,673	)	$	—	$	(166	)	$	(67,950	)
Amounts in parentheses indicate debits.

(1) Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of ($400). Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $125.

	Six Months Ended June 30, 2014
	Cumulative currency translation adjustment		Benefit plan liability			Unrealized gain on investment securities (2)			Fair value change of derivatives			Accumulated other comprehensive loss
Balance at January 1, 2014	$	5,712	$	(33,406	)	$	—		$	—		$	(27,694	)
Other comprehensive loss before reclassifications	3,571		334			1,146			149			5,200
Amounts reclassified from accumulated other comprehensive income (loss)	—		(417		)	(1,146		)	(50		)	(1,613		)
Net current period other comprehensive income (loss)(1)	3,571		(83		)	—			99			3,587
Balance at June 30, 2014	$	9,283	$	(33,489	)	$	—		$	99		$	(24,107	)
Amounts in parentheses indicate debits.

(1) Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of $(94). Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $(81).

(2) The unrealized gain on investment securities that was reclassified out of accumulated other comprehensive income (loss) related to the gain on the sale of investment of $1,882, which is recorded in other expense, net, less income tax expense of $736.

Reclassifications out of accumulated other comprehensive income (loss)

The reclassifications out of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2013 and 2014 are as follows:

	Gain (loss) reclassified
	Three Months Ended June 30,						Six Months Ended June 30,
Details about accumulated other comprehensive loss components	2013			2014			2013			2014			Location of gain (loss) reclassified into income
Fair value change of derivatives
Interest rate contracts	$	270		$	—		$	230		$	—		Interest expense, net of interest income
Foreign exchange contracts	63			81			113			74			Cost of products sold
	333			81			343			74			Income before income taxes
	(107		)	(26		)	(110		)	(24		)	Income tax expense
	$	226		$	55		$	233		$	50		Consolidated net income
Amortization of defined benefit and other postretirement benefit plans
Prior service credits	$	153		$	169		$	311		$	251		(1)
Actuarial losses	(461		)	226			(932		)	450			(1)
	(308		)	395			(621		)	701			Income before income taxes
	84			(144		)	181			(284		)	Income tax expense
	$	(224	)	$	251		$	(440	)	$	417		Consolidated net income
Total reclassifications for the period	$	2		$	306		$	(207	)	$	467

(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 six months ended June 30, 2014:

	Cooper-Standard Holdings Inc.			Noncontrolling Interests			Total Equity			Redeemable Noncontrolling Interest
Equity at January 1, 2014	$	618,150		$	(2,578	)	$	615,572		$	5,153
Net income	32,929			2,820			35,749			(140		)
Warrant exercise	6,892			—			6,892			—
Other comprehensive income	3,587			12			3,599			141
Stock-based compensation, net	4,647			—			4,647			—
Shares issued under stock option plans	(712		)	—			(712		)	—
Equity at June 30, 2014	$	665,493		$	254		$	665,747		$	5,154

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Restructuring - Summary of Activity of Restructuring (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Restructuring Cost and Reserve [Line Items]
Restructuring	$ 3,756	$ 1,088	$ 6,845	$ 5,848
Restructuring prior to 2013 [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance			835
Restructuring	(362)	1,088	167	4,227
Cash payments and foreign exchange translation			(895)
Restructuring Reserve, Ending Balance	107		107
Europe Facilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance			13,501
Restructuring	2,945	0	5,218	0
Cash payments and foreign exchange translation			(7,392)
Restructuring Reserve, Ending Balance	11,327		11,327
Employee Separation Costs [Member] | Restructuring prior to 2013 [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance			819
Restructuring	(301)	712	(59)	2,861
Cash payments and foreign exchange translation			(667)
Restructuring Reserve, Ending Balance	93		93
Employee Separation Costs [Member] | Europe Facilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance			13,501
Restructuring	412	0	412	0
Cash payments and foreign exchange translation			(2,586)
Restructuring Reserve, Ending Balance	11,327		11,327
Other Exit Costs [Member] | Restructuring prior to 2013 [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance			16
Restructuring	(61)	376	226	1,279
Cash payments and foreign exchange translation			(228)
Restructuring Reserve, Ending Balance	14		14
Other Exit Costs [Member] | Europe Facilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance			0
Restructuring	2,533	0	4,806	0
Cash payments and foreign exchange translation			(4,806)
Restructuring Reserve, Ending Balance	0		0
Asset Impairments [Member] | Restructuring prior to 2013 [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance			0
Restructuring	0	0	0	87
Cash payments and foreign exchange translation			0
Restructuring Reserve, Ending Balance	0		0
Asset Impairments [Member] | Europe Facilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance			0
Restructuring			0
Cash payments and foreign exchange translation			0
Restructuring Reserve, Ending Balance	$ 0		$ 0

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Accounts Receivable Factoring

6 Months Ended

Jun. 30, 2014

Receivables [Abstract]

Accounts Receivable Factoring

15. Accounts Receivable Factoring

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

At June 30, 2013 and 2014, the Company had $102,486 and $118,946, respectively, outstanding under receivable transfer agreements without recourse entered into by various locations. The total amount of accounts receivable factored were $229,210 and $276,523 for the six months ended June 30, 2013 and 2014, respectively. Costs incurred on the sale of receivables were $689 and $836 for the three months ended June 30, 2013 and 2014, respectively, and $1,329 and $1,551 for the six months ended June 30, 2013 and 2014, respectively. These amounts are recorded in other income (expense), net and interest expense, net of interest income in the condensed consolidated statements of comprehensive income.

At June 30, 2013 and 2014, the Company had $16,985 and $8,205, 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 $49,877 and $31,994 for the six months ended June 30, 2013 and 2014, respectively. Costs incurred on the sale of receivables were $136 and $95 for the three months ended June 30, 2013 and 2014, respectively, and $221 and $187 for the six months ended June 30, 2013 and 2014, respectively. These amounts are recorded in other income (expense), net and interest expense, net of interest income in the condensed consolidated statements of comprehensive income.