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 March 31, 2015

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 April 29, 2015 there were 17,082,177 shares of the registrant’s common stock, $0.001 par value, outstanding.

COOPER-STANDARD HOLDINGS INC.

Form 10-Q

For the period ended March 31, 2015

		Page
	PART I. FINANCIAL INFORMATION
Item 1.	Financial Statements (unaudited)
	Condensed Consolidated Statements of Comprehensive Income (Loss)	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	20
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	26
Item 4.	Controls and Procedures	27
	PART II. OTHER INFORMATION
Item 1.	Legal Proceedings	28
Item 1A.	Risk Factors	28
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	28
Item 6.	Exhibits	29
SIGNATURES		30
INDEX TO EXHIBITS AND EXHIBITS		31

2

PART I — FINANCIAL INFORMATION

Item 1.         Financial Statements

COOPER-STANDARD HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(Unaudited)

(Dollar amounts in thousands except per share amounts)

	Three Months Ended March 31,
	2014			2015
Sales	$	837,606		$	800,050
Cost of products sold	703,347			669,178
Gross profit	134,259			130,872
Selling, administration & engineering expenses	79,571			76,311
Amortization of intangibles	4,436			3,548
Restructuring	3,089			18,840
Operating profit	47,163			32,173
Interest expense, net of interest income	(15,008		)	(9,157		)
Equity earnings	1,236			1,776
Other income, net	30			11,077
Income before income taxes	33,421			35,869
Income tax expense	12,064			14,741
Net income	21,357			21,128
Net income attributable to noncontrolling interests	(1,622		)	(141		)
Net income attributable to Cooper-Standard Holdings Inc.	$	19,735		$	20,987
Earnings per share:
Basic	$	1.18		$	1.23
Diluted	$	1.10		$	1.15
Comprehensive income (loss)	$	20,730		$	(22,756	)
Comprehensive income attributable to noncontrolling interests	(1,798		)	(250		)
Comprehensive income (loss) attributable to Cooper-Standard Holdings Inc.	$	18,932		$	(23,006	)

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, 2014			March 31, 2015
				(unaudited)
Assets
Current assets:
Cash and cash equivalents	$	267,270		$	194,434
Accounts receivable, net	377,032			468,647
Tooling receivable	124,015			125,840
Inventories	166,531			178,946
Prepaid expenses	25,626			39,684
Other	93,524			69,955
Total current assets	1,053,998			1,077,506
Property, plant and equipment, net	716,013			763,593
Goodwill	135,169			150,037
Intangibles, net	82,309			88,695
Deferred tax assets	41,059			49,886
Other assets	104,219			83,643
Total assets	$	2,132,767		$	2,213,360
Liabilities and Equity
Current liabilities:
Debt payable within one year	$	36,789		$	54,992
Accounts payable	322,422			364,183
Payroll liabilities	94,986			110,593
Accrued liabilities	75,005			92,271
Total current liabilities	529,202			622,039
Long-term debt	749,085			745,388
Pension benefits	191,805			175,256
Postretirement benefits other than pensions	60,287			57,985
Deferred tax liabilities	5,001			27,185
Other liabilities	44,692			43,583
Total liabilities	1,580,072			1,671,436
Redeemable noncontrolling interest	3,981			—
7% Cumulative participating convertible preferred stock, $0.001 par value, 10,000,000 shares authorized at December 31, 2014, and March 31, 2015; no shares issued and outstanding	—			—
Equity:
Common stock, $0.001 par value, 190,000,000 shares authorized at December 31, 2014 and March 31, 2015; 18,685,634 shares issued and 17,039,328 outstanding at December 31, 2014 and 18,727,915 shares issued and 17,081,609 outstanding at March 31, 2015	17			17
Additional paid-in capital	492,959			497,529
Retained earnings	195,233			216,011
Accumulated other comprehensive loss	(139,243		)	(183,236		)
Total Cooper-Standard Holdings Inc. equity	548,966			530,321
Noncontrolling interests	(252		)	11,603
Total equity	548,714			541,924
Total liabilities and equity	$	2,132,767		$	2,213,360

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

4

COOPER-STANDARD HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(Dollar amounts in thousands)

	Three Months Ended March 31,
	2014			2015
Operating Activities:
Net income	$	21,357		$	21,128
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	23,816			23,051
Amortization of intangibles	4,436			3,548
Stock-based compensation expense	3,906			2,629
Equity earnings, net of dividends related to earnings	1,033			141
Gain on remeasurement of previously held equity interest	—			(11,622		)
Deferred income taxes	6,830			1,754
Other	(881		)	(207		)
Changes in operating assets and liabilities	(56,626		)	(49,962		)
Net cash provided by (used in) operating activities	3,871			(9,540		)
Investing activities:
Capital expenditures	(63,817		)	(51,315		)
Acquisition of business, net of cash acquired	—			(24,442		)
Return on equity investments	951			—
Proceeds from sale of fixed assets and other	2,125			2,237
Net cash used in investing activities	(60,741		)	(73,520		)
Financing activities:
Increase (decrease) in short-term debt, net	2,289			(2,416		)
Borrowings on long-term debt	4,435			—
Principal payments on long-term debt	(121		)	(1,891		)
Debt issuance costs	(671		)	—
Purchase of noncontrolling interests	—			(1,262		)
Proceeds from exercise of warrants	4,571			—
Taxes withheld and paid on employees' share based payment awards	(866		)	(992		)
Other	(61		)	(148		)
Net cash provided by (used in) financing activities	9,576			(6,709		)
Effects of exchange rate changes on cash and cash equivalents	969			16,933
Changes in cash and cash equivalents	(46,325		)	(72,836		)
Cash and cash equivalents at beginning of period	184,370			267,270
Cash and cash equivalents at end of period	$	138,045		$	194,434

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”), through its wholly-owned subsidiary Cooper-Standard Automotive Inc., is a leading manufacturer of sealing, fuel and brake delivery, fluid transfer and anti-vibration systems components, 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 (the “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, 2014 (the "2014 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 ("U.S. GAAP") 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. The operating results for the interim period ended March 31, 2015 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

In April 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-03, Interest: Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. This ASU changes the presentation of debt issuance costs in financial statements from an asset to a direct deduction from the related debt liability. This guidance is effective for the first interim period within annual reporting periods beginning after December 15, 2015. The adoption of this ASU is not expected to have a material impact on the Company's condensed consolidated financial statements.

In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis. This ASU amends the consolidation guidance under U.S. GAAP. This guidance is effective for the first interim period within annual reporting periods beginning after December 15, 2015. The adoption of this ASU is not expected to have a material impact on the Company's condensed consolidated financial statements.

In January 2015, the FASB issued ASU 2015-01, Income Statement: Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items. This ASU eliminates the concept of extraordinary items from U.S. GAAP. The guidance is effective for the first interim period within annual reporting periods beginning after December 15, 2015. Early adoption is permitted. The adoption of this ASU is not expected to have a material impact on the Company's condensed consolidated financial statements.

In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements: Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern. This ASU requires management to perform interim and annual assessments of an entity's ability to continue as a going concern. This guidance is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. The adoption of this ASU is not expected to have a material impact on the Company's condensed consolidated financial statements.

In May 2014, the FASB issued 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 currently effective for the first interim period within annual reporting periods beginning after December 15, 2016 (although in April 2015 the FASB proposed delaying the effective date of this ASU to fiscal years beginning after December 15, 2017). 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

6

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

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

operations. The Company adopted this guidance effective January 1, 2015. The adoption of this ASU did not have a material impact on the Company's condensed consolidated financial statements.

2. Acquisitions

In the first quarter of 2015, the Company acquired the remaining equity interests of Metzler Automotive Profiles India Private Limited (26%) and Cooper Standard Jingda Changchun Automotive Co., Ltd. (20%) for a combined cash consideration of $1,262. These acquisitions were accounted for as equity transactions in accordance with ASC Topic 810 "Consolidations."

In the first quarter of 2015, the Company completed the acquisition of an additional 47.5% of Huayu-Cooper Standard Sealing Systems Co. ("Shenya") for cash consideration of $59,320, with the final payment of $9,954 made in the second quarter of 2015. The Company now owns 95% of Shenya. The business acquired in the transaction is operated from Shenya’s manufacturing locations in China. Shenya primarily supplies sealing systems and components to the automotive industry. This acquisition is directly aligned with the Company’s growth strategy by strengthening important customer relationships in the automotive sealing systems market. This acquisition was accounted for under ASC 805, “Business Combinations,” and the results of operations of Shenya are included in the Company’s consolidated financial statements from the date of acquisition, February 27, 2015. This acquisition does not meet the thresholds for a significant acquisition and therefore no pro forma financial information is presented.

Prior to the acquisition, the Company held a 47.5% unconsolidated equity interest in Shenya. The fair value of the equity interest prior to the date of acquisition was $41,378, resulting in a gain of $11,622 recorded in other income, net for the three months ended March 31, 2015. The fair value of the Company's previous 47.5% equity interest, 47.5% purchased and 5% noncontrolling interest in Shenya were estimated using income and market approaches based on financial analysis methodologies (including the discounted cash flow analysis), projected financial information, management's estimates, available information, and reasonable and supportable assumptions. These fair value measurements are classified within level 3 of the fair value hierarchy.

The following table summarizes the estimated fair value of Shenya assets acquired and liabilities assumed at the date of acquisition:

Cash and cash equivalents	$	7,079
Accounts receivable	24,197
Inventories	13,772
Prepaid expenses	13,045
Other current assets	21,189
Property, plant, and equipment	79,869
Goodwill	16,628
Intangibles	12,299
Other assets	14,200
Total assets acquired	202,278
Debt payable within one year	19,164
Accounts payable	41,059
Other current liabilities	16,950
Other liabilities	13,256
Total liabilities assumed	90,429
Noncontrolling interest	11,368
Net assets acquired including noncontrolling interest	$	100,481

Cash and cash equivalents, accounts receivable, other current assets, accounts payable, and other current liabilities were stated at historical carrying values which management believes approximates fair value given the short-term nature of these assets and liabilities. Inventories were recorded at fair value which is estimated for finished goods and work-in-process based upon the expected selling price less costs to complete, selling, and disposal costs, and a normal profit to the buyer. Raw material inventory was recorded at carrying value as such value approximates the replacement cost. Deferred income taxes have been provided in the condensed consolidated balance sheet based on the Company's estimates of the tax versus book basis of the assets acquired and liabilities assumed, adjusted to estimated fair values. The Company has estimated the fair value of property, plant and equipment, intangibles, other long-lived assets and noncontrolling interest based upon financial estimates and projections prepared in conjunction with the transaction. These estimates are preliminary and may change in the future as

7

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

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

information becomes available from third party valuations. The value assigned to all assets and liabilities did not exceed the acquisition price, therefore goodwill and intangibles were recorded related to this transaction as of March 31, 2015.

3. Goodwill and Intangibles

The changes in the carrying amount of goodwill by reportable operating segment for the three months ended March 31, 2015 are summarized as follows:

	North America			Europe			South America		Asia Pacific		Total
Balance at January 1, 2015	$	117,609		$	12,366		$	—	$	5,194	$	135,169
Acquisition	—			—			—		16,628		16,628
Foreign exchange translation	(497		)	(1,422		)	—		159		(1,760		)
Balance at March 31, 2015	$	117,112		$	10,944		$	—	$	21,981	$	150,037

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 March 31, 2015.

The following table presents intangible assets and accumulated amortization balances of the Company as of December 31, 2014 and March 31, 2015, respectively:

	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	133,471	$	(59,773	)	$	73,698
Developed technology	9,252		(6,842		)	2,410
Other	6,701		(500		)	6,201
Balance at December 31, 2014	$	149,424	$	(67,115	)	$	82,309
Customer relationships	$	141,613	$	(61,327	)	$	80,286
Developed technology	8,820		(6,800		)	2,020
Other	10,893		(4,504		)	6,389
Balance at March 31, 2015	$	161,326	$	(72,631	)	$	88,695

Amortization expense totaled $4,436 and $3,548 for the three months ended March 31, 2014 and 2015, respectively. Amortization expense is estimated to be approximately $14,666 for the year ending December 31, 2015.

4. Restructuring

European Initiative

The Company has implemented a restructuring initiative of certain facilities in Europe based on current and anticipated market demands. The estimated cost of this initiative is approximately $125,000 and is expected to be completed by 2017. The company has recognized $18,374 of costs related to this initiative. The restructuring effort aims to further improve the Company's European capability by removing excess capacity, improving cost structure and shifting some production to its Eastern European facilities. Actions include consolidation of operations to improve efficiencies and closure or downsizing of certain facilities with high costs and unutilized capacity in Western Europe, including Germany and France. A previous European restructuring initiative has been combined with this new initiative. The following table summarizes the restructuring expense for the three months ended March 31, 2014 and 2015:

	Three Months Ended March 31,
	2014		2015
Employee separation costs	$	—	$	14,004
Other exit costs	2,431		4,370
	$	2,431	$	18,374

8

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 this initiative for the three months ended March 31, 2015:

	Employee Separation Costs			Other Exit Costs			Asset Impairments		Total
Balance at January 1, 2015	$	10,824		$	—		$	—	$	10,824
Expense	14,004			4,370			—		18,374
Cash payments and foreign exchange translation	(2,377		)	(3,104		)	—		(5,481		)
Balance at March 31, 2015	$	22,451		$	1,266		$	—	$	23,717

North America Initiative

In the first quarter of 2015, the Company initiated the restructure of a facility in North America. The estimated cost of this initiative is $8,500 and is expected to be completed in 2015. For the three months ended March 31, 2015, the Company has recorded $417 of other exit costs related to this initiative. As of March 31, 2015, there was no liability associated with this initiative.

Other Initiatives

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. These initiatives are substantially complete, however, the Company continues to incur costs on some of these initiatives related principally to the disposal of the respective facilities. For the three months ended March 31, 2014, the Company recorded $242 of employee separation costs and $416 of other exit costs related to these initiatives. For the three months ended March 31, 2015, the Company recorded $49 of employee separation costs related to these initiatives. As of March 31, 2015, there was a liability of $12 associated with these initiatives.

5. Inventories

Inventories were comprised of the following at December 31, 2014 and March 31, 2015:

	December 31, 2014		March 31, 2015
Finished goods	$	45,485	$	47,217
Work in process	36,498		40,342
Raw materials and supplies	84,548		91,387
	$	166,531	$	178,946

In connection with the acquisition of Shenya, inventory was written up by $1,414 to fair value in the first quarter of 2015. Such inventory was sold as of March 31, 2015 and recorded as an increase to cost of products sold.

6. Debt

Outstanding debt consisted of the following at December 31, 2014 and March 31, 2015:

	December 31, 2014			March 31, 2015
Term loan	$	742,902		$	741,161
Other borrowings	42,972			59,219
Total debt	$	785,874		$	800,380
Less current portion	(36,789		)	(54,992		)
Total long-term debt	$	749,085		$	745,388

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.

9

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

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

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 provided 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).

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 agreed to fund such increase). No consent of any lender (other than those participating in the increase) is required to effect any such increase. As of March 31, 2015, 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.

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 (the "Senior PIK Toggle Notes") 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. As of March 31, 2015, the principal amount of $744,375 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 March 31, 2015, the Company had $3,214 of unamortized original issue discount.

10

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

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

7. Pension and Postretirement Benefits other than Pensions

The following tables disclose the amount of net periodic benefit cost (income) for the three months ended March 31, 2014 and 2015 for the Company’s defined benefit plans and other postretirement benefit plans:

	Pension Benefits
	Three Months Ended March 31,
	2014						2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	213		$	861		$	232		$	889
Interest cost	3,370			1,802			3,084			1,295
Expected return on plan assets	(4,764		)	(958		)	(4,421		)	(860		)
Amortization of prior service cost and recognized actuarial loss	16			231			276			679
Other	—			—			—			120
Net periodic benefit cost (income)	$	(1,165	)	$	1,936		$	(829	)	$	2,123

	Other Postretirement Benefits
	Three Months Ended March 31,
	2014						2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	106		$	136		$	109		$	98
Interest cost	397			188			353			175
Amortization of prior service credit and recognized actuarial gain	(481		)	(71		)	(396		)	(5		)
Other	6			—			6			—
Net periodic benefit cost	$	28		$	253		$	72		$	268

8. Income Taxes

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

The effective tax rate for the three months ended March 31, 2015 was 41% as compared to 36% for the three months ended March 31, 2014. The effective tax rate for the three months ended March 31, 2015 as compared to the three months ended March 31, 2014 is higher as a result of losses due to restructuring in foreign jurisdictions where we did not record a tax benefit due to valuation allowances offset by a discrete benefit on the remeasurement of the Company's investment in Shenya. The income tax rate for the three months ended March 31, 2015 varies from statutory rates due to income taxes on foreign earnings taxed at rates lower than the U.S. statutory rate, the inability to record a tax benefit for pre-tax losses in certain foreign jurisdictions to the extent not offset by other categories of income, a discrete benefit on the remeasurement of the Company's investment in Shenya, tax credits, income tax incentives, withholding taxes, and other permanent items. Further, the Company’s current and future provision for income taxes is 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.

11

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

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

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

The changes in accumulated other comprehensive income (loss) by component for the three months ended March 31, 2014 and 2015, net of related tax, are as follows:

	Three Months Ended March 31, 2014
	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, 2014	$	5,712		$	(33,406	)	$	—	$	—	$	(27,694	)
Other comprehensive income (loss) before reclassifications	(2,020		)	159			1,146		73		(642		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			(166		)	—		5		(161		)
Net current period other comprehensive income (loss)(1)	(2,020		)	(7		)	1,146		78		(803		)
Balance at March 31, 2014	$	3,692		$	(33,413	)	$	1,146	$	78	$	(28,497	)

(1) Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of $(74). Other comprehensive income (loss) related to the unrealized gain on investment securities is net of a tax effect of $(703). Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $(59).

	Three Months Ended March 31, 2015
	Cumulative currency translation adjustment(2)			Benefit plan liability			Fair value change of derivatives			Accumulated other comprehensive loss
Balance at January 1, 2015	$	(50,371	)	$	(86,861	)	$	(2,011	)	$	(139,243	)
Other comprehensive income (loss) before reclassifications	(47,261		)	5,377			(683		)	(42,567		)
Amounts reclassified from accumulated other comprehensive income (loss)	(1,909		)	384			99			(1,426		)
Net current period other comprehensive income (loss)(1)	(49,170		)	5,761			(584		)	(43,993		)
Balance at March 31, 2015	$	(99,541	)	$	(81,100	)	$	(2,595	)	$	(183,236	)

(1) Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of $(280). Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $536.

(2) Includes $300 reclassed to paid-in capital related to the purchase of noncontrolling interests.

12

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

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

The reclassifications out of accumulated other comprehensive income (loss) for the three months ended March 31, 2014 and 2015 are as follows:

	Gain (loss) reclassified
	Three Months Ended March 31,
Details about accumulated other comprehensive income (loss) components	2014			2015			Location of gain (loss) reclassified into income
Cumulative currency translation adjustment	—			1,609			Other income, net
Fair value change of derivatives
Foreign exchange contracts	$	(7	)	$	(168	)	Cost of products sold
	(7		)	(168		)	Income before income taxes
	2			69			Income tax expense
	$	(5	)	$	(99	)	Consolidated net income
Amortization of defined benefit and other postretirement benefit plans
Prior service credits	$	82		$	87		(1)
Actuarial gains (losses)	224			(612		)	(1)
	306			(525		)	Income before income taxes
	(140		)	141			Income tax expense
	$	166		$	(384	)	Consolidated net income
Total reclassifications for the period	$	161		$	1,126

(1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost. (See Note 7. “Pension and Postretirement Benefits other than Pensions” for additional details.)

The following table summarizes the Company’s equity and redeemable noncontrolling interest activity for the three months ended March 31, 2015:

	Cooper-Standard Holdings Inc.			Noncontrolling Interests			Total Equity			Redeemable Noncontrolling Interest
Equity at January 1, 2015	$	548,966		$	(252	)	$	548,714		$	3,981
Net income (loss)	20,987			186			21,173			(45		)
Warrant exercise	24			—			24			—
Other comprehensive income (loss)	(43,993		)	109			(43,884		)	—
Stock-based compensation, net	1,546			—			1,546			—
Acquisition of Shenya	—			11,368			11,368			—
Shares issued under stock option plans	(71		)	—			(71		)	—
Purchase of noncontrolling interest	2,862			192			3,054			(3,936		)
Equity at March 31, 2015	$	530,321		$	11,603		$	541,924		$	—

13

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

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

10. 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 March 31,
	2014		2015
Net income attributable to Cooper-Standard Holdings Inc.	$	19,735	$	20,987
Increase in fair value of share-based awards	—		5
Diluted net income available to Cooper-Standard Holdings Inc. common stockholders	$	19,735	$	20,992
Basic weighted average shares of common stock outstanding	16,656,600		17,037,283
Dilutive effect of:
Restricted common stock	151,772		195,035
Warrants	1,038,338		795,897
Options	73,561		209,237
Diluted weighted average shares of common stock outstanding	17,920,271		18,237,452
Basic net income per share attributable to Cooper-Standard Holdings Inc.	$	1.18	$	1.23
Diluted net income per share attributable to Cooper-Standard Holdings Inc.	$	1.10	$	1.15

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 March 31,
	2014	2015
Number of options	479,211	303,300
Exercise price	$25.52-66.23	$56.27-70.20
Restricted common stock	70,420	—

11. Stock-Based Compensation

Under the Company's incentive plans, stock options, restricted common stock, restricted preferred stock, unrestricted common stock, restricted stock units and performance units have been granted to key employees and directors. Total compensation expense recognized was $3,906 and $2,629 for the three months ended March 31, 2014 and 2015, respectively.

14

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

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

12. Other Income, Net

The components of other income, net are as follows:

	Three Months Ended March 31,
	2014			2015
Gain on remeasurement of previously held equity interest	$	—		$	11,622
Foreign currency gains (losses)	532			(248		)
Losses related to forward contracts	(38		)	—
Loss on sale of receivables	(464		)	(297		)
Other income, net	$	30		$	11,077

13. Related Party Transactions

Sales to Nishikawa Standard Company ("NISCO"), a 40% owned joint venture, totaled $10,850 and $7,914 for the three months ended March 31, 2014 and 2015, respectively. 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 March 2015, the Company received from NISCO a dividend of $680, all of which was related to earnings.

15

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

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

14. Business Segments

ASC 280, “Segment Reporting,” establishes the standards for reporting information about operating segments in financial statements. In applying the criteria set forth in ASC 280, the Company has determined that it operates in four reportable segments, North America, Europe, South America and Asia Pacific. The Company’s principal product lines within each of these segments are sealing systems, fuel and brake delivery systems, fluid transfer 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 March 31,
	2014			2015
Sales to external customers:
North America	$	432,605		$	417,362
Europe	308,161			266,829
South America	39,766			30,178
Asia Pacific	57,074			85,681
Consolidated	$	837,606		$	800,050
Intersegment sales:
North America	$	3,359		$	4,050
Europe	2,227			2,973
South America	—			—
Asia Pacific	1,847			1,178
Eliminations and other	(7,433		)	(8,201		)
Consolidated	$	—		$	—
Segment profit (loss):
North America	$	38,460		$	43,012
Europe	(3,182		)	(4,438		)
South America	(2,507		)	(5,131		)
Asia Pacific	650			2,426
Income before income taxes	$	33,421		$	35,869
Restructuring cost included in segment profit (loss):
North America	$	98		$	417
Europe	2,863			18,423
South America	—			—
Asia Pacific	128			—
Consolidated	$	3,089		$	18,840

	December 31, 2014		March 31, 2015
Segment assets:
North America	$	885,242	$	886,568
Europe	591,743		584,297
South America	105,547		90,372
Asia Pacific	300,302		471,842
Eliminations and other	249,933		180,281
Consolidated	$	2,132,767	$	2,213,360

16

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

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

15. Financial Instruments

Fair values of the Term Loan Facility approximated $723,401 and $737,455 at December 31, 2014 and March 31, 2015, respectively, based on quoted market prices, compared to the recorded value of $742,902 and $741,161 at December 31, 2014 and March 31, 2015, respectively. This fair value measurement was classified within Level 1 of the fair value hierarchy.

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 statements of comprehensive income (loss). 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 statements of comprehensive income (loss) 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, other assets, accrued liabilities and other long-term liabilities. The Company is exposed to credit risk in the event of nonperformance by its counterparties on its derivative financial instruments. The Company mitigates this credit risk exposure by entering into agreements directly with major financial institutions with high credit standards that are expected to fully satisfy their obligations under the contracts.

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 and Canadian Dollar and the Euro against the Czech Koruna, the Polish Zloty, and the U.S. Dollar. The forward contracts are used to mitigate the potential volatility to earnings and cash flow arising from changes in currency exchange rates that impact the Company’s foreign currency transactions. As of March 31, 2015, the notional amount of these contracts was $44,365. The amount reclassified from accumulated other comprehensive loss into cost of products sold was $168 for the three months ended March 31, 2015. These foreign currency derivative contracts consist of hedges of transactions up to December 2015.

Interest Rate Swap - In August 2014, the Company entered into interest rate swap transactions to manage cash flow variability associated with its variable rate Term Loan Facility. The interest rate swap contracts, which fix the interest payments of variable rate debt instruments, are used to manage exposure to fluctuations in interest rates. As of March 31, 2015, the notional amount of these contracts was $300,000 with maturities through September 2018. The fair market value of all outstanding interest rate swap and other derivative contracts is subject to changes in value due to changes in interest rates. The amount to be reclassified in the next twelve months is expected to be approximately $1,519.

17

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

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

The location and fair value of the Company's derivative instruments qualifying as cash flow hedges as of December 31, 2014 and March 31, 2015 are as follows:

	December 31, 2014			March 31, 2015
Other current assets:
Forward foreign exchange contracts	$	370		$	928
Interest rate swaps	—			26
Other assets:
Interest rate swaps	19			80
Total assets	$	389		$	1,034
Accrued liabilities:
Forward foreign exchange contracts	$	(1,999	)	$	(1,435	)
Interest rate swaps	(751		)	(1,545		)
Other liabilities:
Interest rate swaps	(903		)	(2,439		)
Total liabilities	$	(3,653	)	$	(5,419	)

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, 2014 and March 31, 2015, are shown below:

	December 31, 2014			March 31, 2015			Input
Forward foreign exchange contracts - other current assets	$	370		$	928		Level 2
Forward foreign exchange contracts - accrued liabilities	(1,999		)	(1,435		)	Level 2
Interest rate swaps - other current assets	—			26			Level 2
Interest rate swaps - other assets	19			80			Level 2
Interest rate swaps - other current liabilities	(751		)	(1,545		)	Level 2
Interest rate swaps - other liabilities	(903		)	(2,439		)	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 2. "Acquisitions" and Note 4. “Restructuring.”

18

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

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

16. Accounts Receivable Factoring

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

At December 31, 2014 and March 31, 2015, the Company had $95,951 and $72,763, respectively, outstanding under receivable transfer agreements without recourse entered into by various locations. The total amount of accounts receivable factored were $139,130 and $79,799 for the three months ended March 31, 2014 and 2015, respectively. Costs incurred on the sale of receivables were $798 and $631 for the three months ended March 31, 2014 and 2015, respectively. These amounts are recorded in other income, net and interest expense, net of interest income in the condensed consolidated statements of comprehensive income (loss).

At December 31, 2014 and March 31, 2015, the Company had $8,292 and $4,833, 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 $15,695 and $7,918 for the three months ended March 31, 2014 and 2015, respectively. Costs incurred on the sale of receivables were $92 and $48 for the three months ended March 31, 2014 and 2015, respectively. These amounts are recorded in other income, net and interest expense, net of interest income in the condensed consolidated statements of comprehensive income (loss).

19

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 2014 Annual Report (see Item 1A. Risk Factors).

Business Environment and Outlook

Our business is directly affected by the automotive build rates in North America, Europe, 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, government and tax incentives, as well as life expectancy.

Details on light vehicle production in certain regions for the three months ended March 31, 2014 and 2015 are provided in the following table:

(In millions of units)	2014(1,2)	2015(1)	% Change
North America	4.2	4.3	2.3%
Europe	5.2	5.2	0.1%
South America	0.9	0.8	(17.2)%
Asia Pacific	11.4	11.5	1.1%

(1) Production data based on IHS Automotive, March 2015.

(2) Production data for 2014 has been updated to reflect actual production levels.

The expected annualized light vehicle production volumes for 2015, compared to the actual production volumes for 2014 are provided in the following table:

(In millions of units)	2014(1)	2015(1)	% Change
North America	17.0	17.4	2.4%
Europe	20.2	20.0	(0.6)%
South America	3.8	3.6	(5.0)%
Asia Pacific	44.5	45.9	3.2%

(1) Production data based on IHS Automotive, March 2015.

The expected light vehicle production volume for the second quarter of 2015, compared to the actual production volumes for the second quarter of 2014 are provided in the following table:

(In millions of units)	Q2 2014(1)	Q2 2015(1)	% Change
North America	4.4	4.5	2.8	%
Europe	5.4	5.2	(3.0	)%
South America	0.9	0.9	(0.4	)%
Asia Pacific	11.0	11.2	1.9	%

(1) Production data based on IHS Automotive, March 2015.

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. Automotive suppliers with a global manufacturing footprint capable of fully servicing customers around the world will continue to shape the success of suppliers going forward.

20

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 and fuel economy.

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

Results of Operations

	Three Months Ended March 31,
	2014			2015
	(dollar amounts in thousands)
Sales	$	837,606		$	800,050
Cost of products sold	703,347			669,178
Gross profit	134,259			130,872
Selling, administration & engineering expenses	79,571			76,311
Amortization of intangibles	4,436			3,548
Restructuring	3,089			18,840
Operating profit	47,163			32,173
Interest expense, net of interest income	(15,008		)	(9,157		)
Equity earnings	1,236			1,776
Other income, net	30			11,077
Income before income taxes	33,421			35,869
Income tax expense	12,064			14,741
Net income	21,357			21,128
Net income attributable to noncontrolling interests	(1,622		)	(141		)
Net income attributable to Cooper-Standard Holdings Inc.	$	19,735		$	20,987

Three Months Ended March 31, 2015 Compared with Three Months Ended March 31, 2014

Sales. Sales were $800.1 million for the three months ended March 31, 2015 compared to $837.6 million for the three months ended March 31, 2014, a decrease of $37.5 million, or 4.5%. Sales were impacted by unfavorable foreign exchange of $77.0 million, decreased volumes in North America and South America and customer price concessions. These items were partially offset by increased volumes in Europe and Asia Pacific and our Shenya acquisition.

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 $669.2 million for the three months ended March 31, 2015 compared to $703.3 million for the three months ended March 31, 2014, a decrease of $34.1 million, or 4.8%. 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 March 31, 2014 and 2015, respectively. The three months ended March 31, 2015 was impacted by decreased volumes in North America and South America and continuous improvement savings. These items were partially offset by increased volumes in Europe and Asia Pacific and our Shenya acquisition.

Gross Profit. Gross profit for the three months ended March 31, 2015 was $130.9 million compared to $134.3 million for the three months ended March 31, 2014, a decrease of $3.4 million, or 2.5%. As a percentage of sales, gross profit was 16.0% and 16.4% for the three months ended March 31, 2014 and 2015, respectively. The increase in gross profit margin was driven primarily by increased continuous improvement and material cost savings and increased volumes in Europe and Asia Pacific.

21

These items were partially offset by unfavorable foreign exchange and decreased volumes in North America and South America.

Selling, Administration and Engineering. Selling, administration and engineering expense for the three months ended March 31, 2015 was $76.3 million, compared to $79.6 million for the three months ended March 31, 2014, but remained flat at 9.5% of sales.

Restructuring. Restructuring charges were $18.8 million for the three months ended March 31, 2015, compared to $3.1 million for the three months ended March 31, 2014. The increase is primarily due to expenses incurred related to our recently announced European restructuring initiative.

Interest Expense, Net. Net interest expense of $9.2 million for the three months ended March 31, 2015 resulted primarily from interest and debt issuance amortization recorded on the Term Loan Facility. Net interest expense of $15.0 million for the three months ended March 31, 2014 consisted primarily of interest and debt issuance amortization recorded on the Senior Notes and Senior PIK Toggle Notes.

Other Income, Net.Other income for the three months ended March 31, 2015 was $11.1 million, which consisted of the gain from the remeasurement of previously held equity interest in Shenya of $11.6 million, partially offset by $0.5 million for foreign currency losses and a loss on sale of receivables. Other income for the three months ended March 31, 2014 consisted primarily of foreign currency gains of $0.5 million and loss on sale of receivables of $0.5 million.

Income Tax Expense. For the three months ended March 31, 2015, we recorded an income tax expense of $14.7 million on earnings before income taxes of $35.9 million. This compares to an income tax expense of $12.1 million on earnings before income taxes of $33.4 million for the same period of 2014. The higher effective tax rate for the three months ended March 31, 2015 as compared to the three months ended March 31, 2014 is a result of losses due to restructuring in foreign jurisdictions where we cannot record a tax benefit due to valuation allowances offset by a discrete benefit on the remeasurement of the Company's investment in Shenya. The income tax rate for the three months ended March 31, 2015 varies from statutory rates due to income taxes on foreign earnings taxed at rates lower than the U.S. statutory rate, the inability to record a tax benefit for pre-tax losses in certain foreign jurisdictions to the extent not offset by other categories of income, a discrete benefit on the remeasurement of the Company's investment in Shenya, 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.

22

Segment Results of Operations

The following table presents sales and segment profit (loss) for each of the reportable segments for the three months ended March 31, 2014 and 2015:

	Three Months Ended March 31,
	2014			2015
	(dollar amounts in thousands)
Sales to external customers
North America	$	432,605		$	417,362
Europe	308,161			266,829
South America	39,766			30,178
Asia Pacific	57,074			85,681
Consolidated	$	837,606		$	800,050
Segment profit (loss)
North America	$	38,460		$	43,012
Europe	(3,182		)	(4,438		)
South America	(2,507		)	(5,131		)
Asia Pacific	650			2,426
Income before income taxes	$	33,421		$	35,869

Three Months Ended March 31, 2015 Compared with Three Months Ended March 31, 2014

North America. Sales for the three months ended March 31, 2015decreased$15.2 million, or 3.5%, compared to the three months ended March 31, 2014, primarily due to unfavorable foreign exchange of $9.5 million, a decrease in sales volume, and customer price concessions. Segment profit for the three months ended March 31, 2015increased by $4.6 million, primarily due to the favorable impact of continuous improvement and material cost savings, partially offset by decreased sales volume, unfavorable foreign exchange and customer price concessions.

Europe. Sales for the three months ended March 31, 2015decreased$41.3 million, or 13.4%, compared to the three months ended March 31, 2014, primarily due to unfavorable foreign exchange of $58.8 million and customer price concessions, partially offset by an increase in sales volume. Segment lossincreased by $1.3 million, primarily due to the unfavorable foreign exchange, higher staffing costs, and customer price concessions, partially offset by the gain from the remeasurement of a previously held equity interest in Shenya as the legal ownership was held by one of our Europe entities, continuous improvement and material cost savings and increased sales volume.

South America. Sales for the three months ended March 31, 2015decreased$9.6 million, or 24.1%, compared to the three months ended March 31, 2014, primarily due to unfavorable foreign exchange of $7.3 million and a decrease in sales volume. Segment loss for the three months ended March 31, 2015increased by $2.6 million, primarily due to unfavorable foreign exchange, decrease in sales volume and higher other operating expenses.

Asia Pacific. Sales for the three months ended March 31, 2015increased$28.6 million, or 50.1%, compared to the three months ended March 31, 2014, primarily due to the Shenya acquisition which was completed February 27, 2015, and increased sales volume. Segment profit for the three months ended March 31, 2015increased$1.8 million, primarily due to increased sales volume, the Shenya acquisition and the favorable impact of continuous improvement and material cost savings, partially offset by customer price concessions and higher other operating expense.

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 6. “Debt” to the condensed consolidated financial statements for additional information.

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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 twelve 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 used in operations was $9.5 million for the three months ended March 31, 2015, which included $50.0 million of cash used that related to changes in operating assets and liabilities. The use of cash related to operating assets and liabilities was primarily a result of increased accounts receivables and inventories, partially offset by increased accounts payable and accrued liabilities. Net cash provided by operations was $3.9 million for the three months ended March 31, 2014, which included $56.6 million of cash used that related to changes in operating assets and liabilities.

Investing Activities. Net cash used in investing activities was $73.5 million for the three months ended March 31, 2015, which consisted primarily of $51.3 million of capital spending and $24.4 million for the Shenya acquisition, offset by proceeds of $2.2 million for the sale of fixed assets and other. Net cash used in investing activities was $60.7 million for the three months ended March 31, 2014, which consisted primarily of $63.8 million of capital spending, offset by a $1.0 million return on equity investments and proceeds of $2.1 million from the sale of fixed assets and other. We anticipate that we will spend approximately $185.0 million to $200.0 million on capital expenditures in 2015.

Financing Activities. Net cash used in financing activities totaled $6.7 million for the three months ended March 31, 2015, which consisted primarily of an increase in short term debt of $2.4 million, payments on long-term debt of $1.9 million and taxes withheld and paid on employees' share based awards of $1.0 million, and the the purchase of noncontrolling interests $1.3 million. Net cash provided by financing activities totaled $9.6 million for the three months ended March 31, 2014, which consisted primarily of $4.6 million related to the exercise of stock warrants and increases in short and long-term debt of $2.3 million and $4.4 million, respectively, partially offset by taxes withheld and paid on employees' share based awards of $0.9 million and debt issuance costs of $0.7 million.

Non-GAAP Financial Measures

In evaluating our business, management considers EBITDA and Adjusted EBITDA as key indicators of our operating performance. Our management also uses EBITDA and Adjusted EBITDA:

• because similar measures are utilized in the calculation of the financial covenants and ratios contained in our financing arrangements;

• in developing our internal budgets and forecasts;

• as a significant factor in evaluating our management for compensation purposes;

• in evaluating potential acquisitions;

• in comparing our current operating results with corresponding historical periods and with the operational performance of other companies in our industry; and

• in presentations to the members of our board of directors to enable our board of directors to have the same measurement basis of operating performance as is used by management in their assessments of performance and in forecasting and budgeting for our company.

In addition, we believe EBITDA and Adjusted EBITDA and similar measures are widely used by investors, securities analysts and other interested parties in evaluating our performance. We define Adjusted EBITDA as net income (loss) plus 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, but are not limited to, 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

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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 Facility and Senior ABL Facility;

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

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

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

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

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

	Three Months Ended March 31,
	2014		2015
	(dollar amounts in millions)
Net income attributable to Cooper-Standard Holdings Inc.	$	19.7	$	21.0
Income tax expense	12.1		14.7
Interest expense, net of interest income	15.0		9.2
Depreciation and amortization	28.3		26.6
EBITDA	$	75.1	$	71.5
Gain on remeasurement of previously held equity interest (1)	—		(11.6		)
Restructuring (2)	3.0		18.8
Inventory write-up (3)	—		1.4
Stock-based compensation (4)	2.1		—
Acquisition costs	—		0.6
Other	0.4		0.1
Adjusted EBITDA	$	80.6	$	80.8

(1) Gain on remeasurement of previously held equity interest in Shenya.

(2) Includes non-cash restructuring and is net of noncontrolling interest.

(3) Write-up of inventory to fair value for the Shenya acquisition.

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

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

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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: prolonged or material contractions in automotive sales and production volumes, the Company's liquidity, the viability of the Company's supply base and the financial conditions of the Company's customers; loss of large customers or significant platforms; foreign currency exchange rate fluctuations; the Company’s substantial indebtedness; the Company's ability to obtain financing in the future; ability to generate sufficient cash to service all of the Company's indebtedness; operating and financial restrictions imposed on the Company by the credit agreements governing the Company’s term loan and ABL facilities; underfunding of pension plans; availability and increasing volatility in costs of manufactured components and raw materials; escalating pricing pressures; the Company's ability to meet significant increases in demand; the Company's ability to successfully compete in the automotive parts industry; risks associated with the Company's non-U.S. operations; ability to control the operations of the Company's joint ventures for the Company’s sole benefit; effectiveness of continuous improvement programs and other cost savings plans; product liability, warranty and recall claims that may be brought against the Company; work stoppages or other labor conditions; natural disasters; ability to meet the Company's customers' needs for new and improved products on a timely or cost-effective basis; the possibility that the Company's acquisition strategy may not be successful; the ability of the Company's intellectual property portfolio to withstand legal challenges; a disruption in, or the inability to successfully implement upgrades to, the Company's information technology systems; compliance with environmental, health and safety laws and other laws and regulations; the volatility of the Company's annual effective tax rate; significant changes in discount rates and the actual return on pension assets and other factors; the possibility of future impairment charges to the Company's goodwill and long-lived assets; the concentration of stock ownership which may allow a few owners to exert significant control over the Company; stock volatility; and dependence on the Company's subsidiaries for cash to satisfy the obligations of the holding Company. See Item 1A. Risk Factors, in our 2014 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 2014 Annual Report.

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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 March 31, 2015 that have materially affected, or are reasonably likely to affect, the Company’s internal control over financial reporting. During the quarter ended March 31, 2015, the Company completed the purchase of Shenya and is currently integrating Shenya into its operations, compliance programs and internal control processes. As permitted by SEC rules and regulations, the Company has excluded Shenya from management's evaluation of internal controls over financial reporting as of March 31, 2015.

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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 March 31, 2015, 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 2014 Annual Report which could materially impact our business, financial condition or future results. Risks disclosed in the 2014 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:

2015	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)
January 1 - January 31	100	$	54.74	—	$	40.2
February 1 - February 28	60	$	56.86	—	$	40.2
March 1 - March 31	18,493	$	53.64	—	$	40.2
Total	18,653	$	53.65	—	$	40.2

(1) 18,653 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*	Form of 2015 Cooper-Standard Holdings Inc. 2011 Omnibus Incentive Plan Restricted Stock Unit Award Agreement (Performance Units, settled 50% cash/50% stock).
10.2*	Form of 2015 Cooper-Standard Holdings Inc. 2011 Omnibus Incentive Plan Restricted Stock Unit Award Agreement (Performance Units, settled 100% cash).
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.
May 8, 2015	/S/ JEFFREY S. EDWARDS
Date	Jeffrey S. Edwards Chairman and Chief Executive Officer
May 8, 2015	/S/ MATTHEW W. HARDT
Date	Matthew W. Hardt Chief Financial Officer (Principal Financial Officer)
May 8, 2015	/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*	Form of 2015 Cooper-Standard Holdings Inc. 2011 Omnibus Incentive Plan Restricted Stock Unit Award Agreement (Performance Units, settled 50% cash/50% stock).
10.2*	Form of 2015 Cooper-Standard Holdings Inc. 2011 Omnibus Incentive Plan Restricted Stock Unit Award Agreement (Performance Units, settled 100% cash).
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

Performance Units, settled 50% cash / 50% stock

COOPER-STANDARD HOLDINGS INC. 2011 OMNIBUS INCENTIVE PLAN

RESTRICTED STOCK UNIT AWARD AGREEMENT

THIS AGREEMENT (this “Agreement”), which relates to a grant of Restricted Stock Units made on ____ (the “Date of Grant”), is between Cooper-Standard Holdings Inc., a Delaware corporation (the “Company”), and the individual whose name is set forth on the signature page hereof (the “Participant”):

RECITALS:

WHEREAS, the Company has adopted the Cooper-Standard Holdings Inc. 2011 Omnibus Incentive Plan (the “Plan”) and the Cooper-Standard Automotive Inc. Long-Term Incentive Plan (the “LTIP”) which are incorporated herein by reference and made a part of this Agreement. Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan or the LTIP, as applicable; and

WHEREAS, the Committee has determined that it would be in the best interests of the Company and its shareholders to grant the Restricted Stock Units provided for herein to the Participant pursuant to the Plan and the LTIP, and the terms set forth herein.

NOW THEREFORE, in consideration of the mutual covenants hereinafter set forth, the parties agree as follows:

1.    Grant. The Company hereby grants to the Participant ____ Restricted Stock Units on the terms and conditions set forth in this Agreement. One hundred percent (100%) of such Restricted Stock Units are referred to as the “Target RSUs.” The Participant’s rights with respect to the Restricted Stock Units will remain forfeitable at all times prior to the date such Restricted Stock Units vest as described in Section 4.

2.    Performance Period and Goals. The vesting of the Restricted Stock Units is subject to the achievement of one or more Performance Goals during the Performance Period.

(a)    Performance Period. The Performance Period for this Award is the three–year period commencing on January 1, 2015 and ending on December 31, 2017.

(b)     Performance Goals. The Performance Goal is the Company’s return on invested capital (ROIC) for the three-year Performance Period. The Performance Goal will be met at “target” if ______ is achieved. The Performance Goal will be met at “threshold” if 80% of target performance is met. The Performance Goal will be met at “maximum” if 120% of target performance is met. Performance between threshold and target, or between target and maximum, shall be interpolated.

3.    Restrictions on Transfer. The Participant will not be entitled to sell, transfer, or otherwise dispose of or pledge or otherwise hypothecate or assign the Restricted Stock Units. Prior to the date on which the Restricted Stock Units are settled as provided in Section 5 (the “Settlement Date”), the Participant will not be entitled to sell, transfer, or otherwise dispose of or

pledge or otherwise hypothecate or assign the Shares underlying the Restricted Stock Units; provided, however, that in no event will the Participant, after the Settlement Date, be entitled to transfer, sell, pledge, hypothecate or assign the Shares issued in respect of the Restricted Stock Units except as provided for in a stockholders agreement, if any.

4.    Vesting; Termination of Employment.

(a) Vesting. Except as set forth in subsection (b) or (c), the Restricted Stock Units will vest only if the Participant continues in Employment with the Company or its Affiliate until the end of the Performance Period. As soon as practical after the end of the Performance Period, the Committee will determine to what extent the Performance Goal has been achieved. Based on such determination, a potential number of Restricted Stock Units that will vest will be determined as follows:

If Performance Goal is Met at*:	Target RSUs Potential Vesting is:
Threshold	50%
Target	100%
Maximum	200%

*If the Performance Goal is achieved between threshold and target, or between target and maximum, the percent of Target RSUs that are considered potentially vested will be interpolated.

The Committee may then exercise its discretion, pursuant to Section 5.1 of the LTIP, to adjust the potential number of Restricted Stock Units that are vesting either upwards or downwards, provided that if the Participant is a Covered Employee, then the Committee may only approve a downward adjustment. The total number of Restricted Stock Units, after adjustment (if any), so determined by the Committee shall be considered vested as of the date of such Committee determination (the “Lapse Date”).

(b) Termination of Employment. If the Participant’s Employment with the Company and its Affiliates terminates for any reason prior to the end of the Performance Period, the Restricted Stock Units shall be canceled by the Company without consideration; provided that:

(i) upon termination of the Participant’s Employment due to the Participant’s death or Disability, the Target RSUs shall vest in full on the date of such Employment termination, and

(ii) upon the termination of the Participant’s Employment for Retirement, a number of Restricted Stock Units equal to (x) the total number of Restricted Stock Units determined pursuant to subsection (a) multiplied by (y) a fraction, the numerator of which is the number of the Participant’s days of employment during the Performance Period and the denominator of which is 1,095, shall vest and no longer be subject to forfeiture as of the Lapse Date, and, in either case, any remaining Restricted Stock Units shall be canceled by the Company without consideration.

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(c) Change of Control. Notwithstanding the foregoing, in the event of a Change of Control while the Participant remains in Employment with the Company or its Affiliate, the Performance Goal shall be deemed to have been satisfied at the target level, regardless of actual performance prior to or after such Change of Control, such that only the Target RSUs remain available for vesting under this Award, and the following will apply:

(i) If the purchaser, successor or surviving entity (or parent thereof) in the Change of Control (the “Survivor”) so agrees, then some or all of the Restricted Stock Units shall be assumed, or replaced with the same type of award with similar terms and conditions, by the Survivor in the Change of Control transaction. If applicable, each Restricted Stock Unit that is assumed by the Survivor shall be appropriately adjusted, immediately after such Change of Control, to apply to the number and class of securities which would have been issuable to the Participant upon the consummation of such Change of Control had the Restricted Stock Units been actual shares immediately prior to such Change of Control. Upon termination of the Participant’s Employment (A) by the Company and its Affiliates without Cause or (B) if the Participant is then or was at the time of a Change of Control a Section 16 Participant, by such Section 16 Participant for Good Reason, in each case within two years after a Change of Control, any unvested portion of this Award (or the replacement award) shall immediately become vested in full.

(ii) To the extent the Survivor does not assume the Restricted Stock Units or issue replacement awards as provided in clause (i), then, immediately prior to the date of the Change of Control, the Target RSUs shall become immediately and fully vested.

    5.    Settlement.

(a) General. Except as otherwise provided in Section 5(b), as soon as practicable after the Restricted Stock Units vest (but no later than two-and-one-half months from the date on which vesting occurs), the Company will settle such vested Restricted Stock Units by (i) delivering an amount of cash equal to the Fair Market Value, determined as of the vesting date, of a number of Shares equal to one-half (1/2) of the number of Restricted Stock Units that have vested and (ii) issue in the Participant’s name a stock certificate or certificates or make an appropriate book entry for a number of Shares equal to one-half (1/2) the number of Restricted Stock Units that have vested. For purposes hereof, the Restricted Stock Units that vest upon a Participant’s termination of Employment shall be settled only upon the Participant’s separation from service within the meaning of Code Section 409A.

(b) Six-Month Delay for Specified Employees. Notwithstanding any other provision in the Plan or this Agreement to the contrary, if (i) the Restricted Stock Units become vested as a result of a termination of the Participant’s Employment by the Company and its Affiliates for other than death, and (ii) the Participant is a “specified employee” within the meaning of Code Section 409A as of the date of such separation from service, then settlement of such vested Restricted Stock Units shall occur on the date that is six months after the date of the Participant’s separation from service.

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(c) Stock Certificate Restrictions. The Company shall not be liable to the Participant for damages relating to any delays in issuing any stock certificates hereunder to the Participant or in making an appropriate book entry, any loss of any such certificates, or any mistakes or errors in the issuance of such certificates, in such certificates themselves or in the making of the book entry; provided that the Company shall correct any such errors caused by it. Any such certificate or certificates or book entry shall be subject to such stop transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange upon which such Shares are listed, and any applicable Federal or state laws, and the Committee may cause a legend or legends to be put on any such certificates or an appropriate book entry notation to make appropriate reference to such restrictions.

6.    Dividends and Voting Rights. Subject to Section 12, the Participant shall not have voting rights with respect to the Shares underlying the Restricted Stock Units unless and until such Shares are reflected as issued and outstanding shares on the Company’s stock ledger. The Participant shall receive a cash payment equivalent to any dividends or other distributions paid with respect to the shares of Common Stock underlying the Restricted Stock Units, so long as the applicable record date occurs on or after the Date of Grant and before such Restricted Stock Units are forfeited; provided that such cash payments shall be subject to the same risk of forfeiture as the Restricted Stock Units to which such payments relate. If, however, any dividends or distributions with respect to the Shares underlying the Restricted Stock Units are paid in Shares rather than cash, then the Participant shall be credited with additional restricted stock units equal to the number of Shares that the Participant would have received had the Restricted Stock Units been actual Shares, and such restricted stock units shall be deemed Restricted Stock Units subject to the same risk of forfeiture and other terms of this Agreement and the Plan as apply to the other Restricted Stock Units granted under this Award. Any amounts due to the Participant under this provision shall be paid to the Participant or distributed, as applicable, at the same time as payment is made in respect of the Restricted Stock Units granted under this Agreement.

7.    No Right to Continued Employment. The granting of the Restricted Stock Units evidenced hereby and this Agreement shall impose no obligation on the Company or any of its Affiliates to continue the Employment of the Participant and shall not lessen or affect the Company’s or its Affiliate’s right to terminate the Employment of the Participant.

8.    Withholding. The Participant may be required to pay to the Company or any Affiliate, and the Company and its Affiliates shall have the right and are hereby authorized to withhold, any applicable withholding taxes in respect of the Restricted Stock Units or any transfer under or with respect to the Restricted Stock Units and to take such other action as may be necessary in the opinion of the Committee to satisfy all obligations for the payment of such withholding taxes.

9.    Securities Laws. Upon the acquisition of any Shares pursuant to the Restricted Stock Units, the Participant will make or enter into such written representations, warranties and agreements as the Committee may reasonably request in order to comply with applicable securities laws or with this Agreement.

4

10.    Notices. Any notice necessary under this Agreement shall be addressed to the Company in care of its Secretary at the principal executive office of the Company and to the Participant at the address appearing in the personnel records of the Company for the Participant or to either party at such other address as either party may hereafter designate in writing to the other. Any such notice shall be deemed effective upon receipt thereof by the addressee.

11.    Choice of Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE WITHOUT REGARD TO CONFLICTS OF LAWS.

12.    Restricted Stock Units Subject to Plan. By entering into this Agreement, the Participant agrees and acknowledges that the Participant has received and read a copy of the Plan and the LTIP. The Restricted Stock Units are subject to the Plan and the LTIP. The terms and provisions of the Plan and the LTIP as they may be amended from time to time are hereby incorporated herein by reference. In the event of a conflict between any term or provision contained herein and a term or provision of the Plan or LTIP, the applicable terms and provisions of the Plan or LTIP will govern and prevail.

13.    Recoupment. This Award, and any Shares issued or other compensation received by the Participant under this Award, shall be subject to any recoupment or clawback policy that may be adopted by the Company from time to time and to any requirement of applicable law, regulation or listing standard that requires the Company to recoup or clawback compensation paid under this Award.

14.    Signature in Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement.

5

COOPER-STANDARD HOLDINGS INC.
By:
		Larry E. Ott Senior Vice President and Chief Human Resources Officer
Agreed and acknowledged as of the date first above written:
Participant: Participant Name

6

EX-10.2

Exhibit 10.2

Performance Units, settled 100% cash

COOPER-STANDARD HOLDINGS INC. 2011 OMNIBUS INCENTIVE PLAN

RESTRICTED STOCK UNIT AWARD AGREEMENT

THIS AGREEMENT (this “Agreement”), which relates to a grant of Restricted Stock Units made on _______ (the “Date of Grant”), is between Cooper-Standard Holdings Inc., a Delaware corporation (the “Company”), and the individual whose name is set forth on the signature page hereof (the “Participant”):

RECITALS:

WHEREAS, the Company has adopted the Cooper-Standard Holdings Inc. 2011 Omnibus Incentive Plan (the “Plan”) and the Cooper-Standard Automotive Inc. Long-Term Incentive Plan (the “LTIP”) which are incorporated herein by reference and made a part of this Agreement. Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan or the LTIP, as applicable; and

WHEREAS, the Committee has determined that it would be in the best interests of the Company and its shareholders to grant the Restricted Stock Units provided for herein to the Participant pursuant to the Plan and the LTIP, and the terms set forth herein.

NOW THEREFORE, in consideration of the mutual covenants hereinafter set forth, the parties agree as follows:

1.    Grant. The Company hereby grants to the Participant _______Restricted Stock Units on the terms and conditions set forth in this Agreement. One hundred percent (100%) of such Restricted Stock Units are referred to as the “Target RSUs.” The Participant’s rights with respect to the Restricted Stock Units will remain forfeitable at all times prior to the date such Restricted Stock Units vest as described in Section 4.

2.    Performance Period and Goals. The vesting of the Restricted Stock Units is subject to the achievement of one or more Performance Goals during the Performance Period.

(a)    Performance Period. The Performance Period for this Award is the three–year period commencing on January 1, 2015 and ending on December 31, 2017.

(b)     Performance Goals. The Performance Goal is the Company’s return on invested capital (ROIC) for the three-year Performance Period. The Performance Goal will be met at “target” if _______ is achieved. The Performance Goal will be met at “threshold” if 80% of target performance is met. The Performance Goal will be met at “maximum” if 120% of target performance is met. Performance between threshold and target, or between target and maximum, shall be interpolated.

3.    Restrictions on Transfer. The Participant will not be entitled to sell, transfer, or otherwise dispose of or pledge or otherwise hypothecate or assign the Restricted Stock Units.

4.    Vesting; Termination of Employment.

(a) Vesting. Except as set forth in subsection (b) or (c), the Restricted Stock Units will vest only if the Participant continues in Employment with the Company or its Affiliate until the end of the Performance Period. As soon as practical after the end of the Performance Period, the Committee will determine to what extent the Performance Goal has been achieved. Based on such determination, a potential number of Restricted Stock Units that will vest will be determined as follows:

If Performance Goal is Met at*:	Target RSUs Potential Vesting is:
Threshold	50%
Target	100%
Maximum	200%

*If the Performance Goal is achieved between threshold and target, or between target and maximum, the percent of Target RSUs that are considered potentially vested will be interpolated.

The Committee may then exercise its discretion, pursuant to Section 5.1 of the LTIP, to adjust the potential number of Restricted Stock Units that are vesting either upwards or downwards, provided that if the Participant is a Covered Employee, then the Committee may only approve a downward adjustment. The total number of Restricted Stock Units, after adjustment (if any), so determined by the Committee shall be considered vested as of the date of such Committee determination (the “Lapse Date”).

(b) Termination of Employment. If the Participant’s Employment with the Company and its Affiliates terminates for any reason prior to the end of the Performance Period, the Restricted Stock Units shall be canceled by the Company without consideration; provided that:

(i) upon termination of the Participant’s Employment due to the Participant’s death or Disability, the Target RSUs shall vest in full on the date of such Employment termination, and

(ii) upon the termination of the Participant’s Employment for Retirement, a number of Restricted Stock Units equal to (x) the total number of Restricted Stock Units determined pursuant to subsection (a) multiplied by (y) a fraction, the numerator of which is the number of the Participant’s days of employment during the Performance Period and the denominator of which is 1,095, shall vest and no longer be subject to forfeiture as of the Lapse Date, and, in either case, any remaining Restricted Stock Units shall be canceled by the Company without consideration.

(c) Change of Control. Notwithstanding the foregoing, in the event of a Change of Control while the Participant remains in Employment with the Company or its Affiliate, the Performance Goal shall be deemed to have been satisfied at the target level, regardless of actual performance prior to or after such Change of Control, such that only the Target RSUs remain available for vesting under this Award, and the following will apply:

2

(i) If the purchaser, successor or surviving entity (or parent thereof) in the Change of Control (the “Survivor”) so agrees, then some or all of the Restricted Stock Units shall be assumed, or replaced with the same type of award with similar terms and conditions, by the Survivor in the Change of Control transaction. If applicable, each Restricted Stock Unit that is assumed by the Survivor shall be appropriately adjusted, immediately after such Change of Control, to apply to the number and class of securities which would have been issuable to the Participant upon the consummation of such Change of Control had the Restricted Stock Units been actual shares immediately prior to such Change of Control. Upon termination of the Participant’s Employment (A) by the Company and its Affiliates without Cause or (B) if the Participant is then or was at the time of a Change of Control a Section 16 Participant, by such Section 16 Participant for Good Reason, in each case within two years after a Change of Control, any unvested portion of this Award (or the replacement award) shall immediately become vested in full.

(ii) To the extent the Survivor does not assume the Restricted Stock Units or issue replacement awards as provided in clause (i), then, immediately prior to the date of the Change of Control, the Target RSUs shall become immediately and fully vested.

    5.    Settlement.

(a) General. Except as otherwise provided in Section 5(b), as soon as practicable after the Restricted Stock Units vest (but no later than two-and-one-half months from the date on which vesting occurs), the Company will settle such vested Restricted Stock Units by delivering an amount of cash equal to the Fair Market Value, determined as of the vesting date, of a number of Shares equal to the number of Restricted Stock Units that have vested. For purposes hereof, the Restricted Stock Units that vest upon a Participant’s termination of Employment shall be settled only upon the Participant’s separation from service within the meaning of Code Section 409A.

(b) Six-Month Delay for Specified Employees. Notwithstanding any other provision in the Plan or this Agreement to the contrary, if (i) the Restricted Stock Units become vested as a result of a termination of the Participant’s Employment by the Company and its Affiliates for other than death, and (ii) the Participant is a “specified employee” within the meaning of Code Section 409A as of the date of such separation from service, then settlement of such vested Restricted Stock Units shall occur on the date that is six months after the date of the Participant’s separation from service.

6.    Dividends and Voting Rights. The Participant shall not have voting rights with respect to the Shares underlying the Restricted Stock Units. The Participant shall receive a cash payment equivalent to any dividends or other distributions paid with respect to the shares of Common Stock underlying the Restricted Stock Units, so long as the applicable record date occurs on or after the Date of Grant and before such Restricted Stock Units are forfeited; provided that such cash payments shall be subject to the same risk of forfeiture as the Restricted Stock Units to which such payments relate. If, however, any dividends or distributions with respect to the Shares underlying the Restricted Stock Units are paid in Shares rather than cash, then the Participant shall be credited with additional restricted stock units equal to the number of

3

Shares that the Participant would have received had the Restricted Stock Units been actual Shares, and such restricted stock units shall be deemed Restricted Stock Units subject to the same risk of forfeiture and other terms of this Agreement and the Plan as apply to the other Restricted Stock Units granted under this Award. Any amounts due to the Participant under this provision shall be paid to the Participant at the same time as payment is made in respect of the Restricted Stock Units granted under this Agreement.

7.    No Right to Continued Employment. The granting of the Restricted Stock Units evidenced hereby and this Agreement shall impose no obligation on the Company or any of its Affiliates to continue the Employment of the Participant and shall not lessen or affect the Company’s or its Affiliate’s right to terminate the Employment of the Participant.

8.    Withholding. The Participant may be required to pay to the Company or any Affiliate, and the Company and its Affiliates shall have the right and are hereby authorized to withhold, any applicable withholding taxes in respect of the Restricted Stock Units and to take such other action as may be necessary in the opinion of the Committee to satisfy all obligations for the payment of such withholding taxes.

9.    Notices. Any notice necessary under this Agreement shall be addressed to the Company in care of its Secretary at the principal executive office of the Company and to the Participant at the address appearing in the personnel records of the Company for the Participant or to either party at such other address as either party may hereafter designate in writing to the other. Any such notice shall be deemed effective upon receipt thereof by the addressee.

10.    Choice of Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE WITHOUT REGARD TO CONFLICTS OF LAWS.

11.    Restricted Stock Units Subject to Plan. By entering into this Agreement, the Participant agrees and acknowledges that the Participant has received and read a copy of the Plan and the LTIP. The Restricted Stock Units are subject to the Plan and the LTIP. The terms and provisions of the Plan and the LTIP as they may be amended from time to time are hereby incorporated herein by reference. In the event of a conflict between any term or provision contained herein and a term or provision of the Plan or LTIP, the applicable terms and provisions of the Plan or LTIP will govern and prevail.

12.    Recoupment. This Award and the compensation received by the Participant under this Award, shall be subject to any recoupment or clawback policy that may be adopted by the Company from time to time and to any requirement of applicable law, regulation or listing standard that requires the Company to recoup or clawback compensation paid under this Award.

4

13.    Signature in Counterparts. This Agreement may be signed in counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement.

COOPER-STANDARD HOLDINGS INC.
By:
		Larry E. Ott Senior Vice President and Chief Human Resources Officer

Agreed and acknowledged as of the date first above written:

Participant: Participant Name

5

EX-31.1

Exhibit 31.1

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

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

I, Jeffrey S. Edwards, certify that:

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

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

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

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

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

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

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

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

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

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

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

Date: May 8, 2015	By:	/S/ JEFFREY S. EDWARDS
		Jeffrey S. Edwards
		Chairman and Chief Executive Officer
		(Principal 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, Matthew W. Hardt, certify that:

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

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

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

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

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

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

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

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

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

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

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

Date: May 8, 2015	By:	/S/ MATTHEW W. HARDT
		Matthew W. Hardt
		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 March 31, 2015 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Jeffrey S. Edwards, certify, pursuant to 18 U.S.C. section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

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

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

Date: May 8, 2015	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 March 31, 2015 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Matthew W. Hardt, certify, pursuant to 18 U.S.C. section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

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

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

Date: May 8, 2015	By:	/S/ MATTHEW W. HARDT
		Matthew W. Hardt
		Chief Financial Officer
		(Principal Financial Officer)

XML

Restructuring - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Restructuring Cost and Reserve [Line Items]
Restructuring	$ 18,840	$ 3,089
North America [Member]
Restructuring Cost and Reserve [Line Items]
Estimated restructuring cost for initiative	8,500
Europe Facilities [Member]
Restructuring Cost and Reserve [Line Items]
Aggregate expense incurred related to restructuring	18,374
Estimated restructuring cost for initiative	125,000
Restructuring	18,374	2,431
Liability related to restructuring activities	23,717		10,824
Other restructuring initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Liability related to restructuring activities	12
Employee Separation Costs [Member] | Europe Facilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	14,004	0
Liability related to restructuring activities	22,451		10,824
Employee Separation Costs [Member] | Other restructuring initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	49	242
Other Exit Costs [Member] | North America [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	417
Other Exit Costs [Member] | Europe Facilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	4,370	2,431
Liability related to restructuring activities	1,266		0
Other Exit Costs [Member] | Other restructuring initiatives [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring		$ 416

XML

Stock-Based Compensation - Additional Information (Detail) (Omnibus Incentive Plan [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Omnibus Incentive Plan [Member]
Stock Comp [Line Items]
Total compensation expense recognized	$ 2,629	$ 3,906

XML

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
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Accumulated Other Comprehensive Income Loss Net Of Tax [Line Items]
Beginning Balance			$ (139,243)
Ending Balance	(183,236)		(139,243)
Cumulative currency translation adjustment [Member]
Accumulated Other Comprehensive Income Loss Net Of Tax [Line Items]
Beginning Balance	(50,371)	5,712
Other comprehensive income (loss) before reclassifications	(47,261)	(2,020)
Amounts reclassified from accumulated other comprehensive income (loss)	(1,909)	0
Net current period other comprehensive income (loss)	(49,170)	(2,020)
Ending Balance	(99,541)	3,692
Benefit plan liability [Member]
Accumulated Other Comprehensive Income Loss Net Of Tax [Line Items]
Beginning Balance	(86,861)	(33,406)
Other comprehensive income (loss) before reclassifications	5,377	159
Amounts reclassified from accumulated other comprehensive income (loss)	384	(166)
Net current period other comprehensive income (loss)	5,761	(7)
Ending Balance	(81,100)	(33,413)
Unrealized gains on investment securities [Member]
Accumulated Other Comprehensive Income Loss Net Of Tax [Line Items]
Beginning Balance		0
Other comprehensive income (loss) before reclassifications		1,146
Amounts reclassified from accumulated other comprehensive income (loss)		0
Net current period other comprehensive income (loss)		1,146
Ending Balance		1,146
Fair value change of derivatives [Member]
Accumulated Other Comprehensive Income Loss Net Of Tax [Line Items]
Beginning Balance	(2,011)	0
Other comprehensive income (loss) before reclassifications	(683)	73
Amounts reclassified from accumulated other comprehensive income (loss)	99	5
Net current period other comprehensive income (loss)	(584)	78
Ending Balance	(2,595)	78
Accumulated other comprehensive loss [Member]
Accumulated Other Comprehensive Income Loss Net Of Tax [Line Items]
Beginning Balance	(139,243)	(27,694)
Other comprehensive income (loss) before reclassifications	(42,567)	(642)
Amounts reclassified from accumulated other comprehensive income (loss)	(1,426)	(161)
Net current period other comprehensive income (loss)	(43,993)	(803)
Ending Balance	$ (183,236)	$ (28,497)

XML

Other Income (Expense), Net - Details of Components of Other Income Expense, Net (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Other Income and Expenses [Abstract]
Gain on remeasurement of previously held equity interest	$ 11,622	$ 0
Foreign currency gains (losses)	(248)	532
Losses related to forward contracts	0	(38)
Loss on sale of receivables	(297)	(464)
Other income, net	$ 11,077	$ 30

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
	Mar. 31, 2015	Mar. 31, 2014
U.S. Pension Benefits [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Service cost	$ 232	$ 213
Interest cost	3,084	3,370
Expected return on plan assets	(4,421)	(4,764)
Amortization of prior service cost (credit) and recognized actuarial loss (gain)	276	16
Other	0	0
Net periodic benefit cost (income)	(829)	(1,165)
Non-U.S. Pension Benefits [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Service cost	889	861
Interest cost	1,295	1,802
Expected return on plan assets	(860)	(958)
Amortization of prior service cost (credit) and recognized actuarial loss (gain)	679	231
Other	120	0
Net periodic benefit cost (income)	2,123	1,936
U.S. Other Postretirement Benefits [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Service cost	109	106
Interest cost	353	397
Amortization of prior service cost (credit) and recognized actuarial loss (gain)	(396)	(481)
Other	6	6
Net periodic benefit cost (income)	72	28
Non-U.S. Other Postretirement Benefits [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Service cost	98	136
Interest cost	175	188
Amortization of prior service cost (credit) and recognized actuarial loss (gain)	(5)	(71)
Other	0	0
Net periodic benefit cost (income)	$ 268	$ 253

XML

Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The location and fair value of the Company's derivative instruments qualifying as cash flow hedges as of December 31, 2014 and March 31, 2015 are as follows:

	December 31, 2014			March 31, 2015
Other current assets:
Forward foreign exchange contracts	$	370		$	928
Interest rate swaps	—			26
Other assets:
Interest rate swaps	19			80
Total assets	$	389		$	1,034
Accrued liabilities:
Forward foreign exchange contracts	$	(1,999	)	$	(1,435	)
Interest rate swaps	(751		)	(1,545		)
Other liabilities:
Interest rate swaps	(903		)	(2,439		)
Total liabilities	$	(3,653	)	$	(5,419	)

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, 2014 and March 31, 2015, are shown below:

	December 31, 2014			March 31, 2015			Input
Forward foreign exchange contracts - other current assets	$	370		$	928		Level 2
Forward foreign exchange contracts - accrued liabilities	(1,999		)	(1,435		)	Level 2
Interest rate swaps - other current assets	—			26			Level 2
Interest rate swaps - other assets	19			80			Level 2
Interest rate swaps - other current liabilities	(751		)	(1,545		)	Level 2
Interest rate swaps - other liabilities	(903		)	(2,439		)	Level 2

XML

Business Segments - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2015 Segment
Segment Reporting [Abstract]
Number of reportable segments	4

XML

Restructuring (Tables)

3 Months Ended

Mar. 31, 2015

Summary of Activity of Restructuring

The following table summarizes the activity in the restructuring liability for this initiative for the three months ended March 31, 2015:

	Employee Separation Costs			Other Exit Costs			Asset Impairments		Total
Balance at January 1, 2015	$	10,824		$	—		$	—	$	10,824
Expense	14,004			4,370			—		18,374
Cash payments and foreign exchange translation	(2,377		)	(3,104		)	—		(5,481		)
Balance at March 31, 2015	$	22,451		$	1,266		$	—	$	23,717

Restructuring Charges [Member]

Summary of Activity of Restructuring

The following table summarizes the restructuring expense for the three months ended March 31, 2014 and 2015:

	Three Months Ended March 31,
	2014		2015
Employee separation costs	$	—	$	14,004
Other exit costs	2,431		4,370
	$	2,431	$	18,374

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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
	Mar. 31, 2015	Mar. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax	$ 1,609	$ 0
Fair value change of derivatives
Fair value change of derivatives, Income before income taxes	(168)	(7)
Fair value change of derivatives, Income tax expense	69	2
Fair value change of derivatives, Consolidated net income	(99)	(5)
Amortization of defined benefit and other postretirement benefit plans
Amortization of defined benefit and other postretirement benefit plans, Prior service credits	87	82
Amortization of defined benefit andother postretirement benefit plans, Actuarial gains (losses)	(612)	224
Amortization of defined benefit and other postretirement benefit plans, Income before income taxes	(525)	306
Amortization of defined benefit and other postretirement benefit plans, Income tax expense	141	(140)
Amortization of defined benefit and other postretirement benefit plans, Consolidated net income	(384)	166
Total reclassifications for the period	1,126	161
Cost of products sold [Member] | Foreign exchange contract [Member]
Fair value change of derivatives
Fair value change of derivatives, Income before income taxes	$ (168)	$ (7)

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Inventories Inventories - Additional Information (Details) (USD $)	Mar. 31, 2015
Inventory Disclosure [Abstract]
Inventory Adjustments	$ 1,414

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Goodwill and Intangibles - Carrying Amount of Goodwill by Reportable Operating Segment (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015
Goodwill [Line Items]
Goodwill, Acquired During Period	$ 16,628
Goodwill [Roll Forward]
Goodwill, Beginning Balance	135,169
Foreign exchange translation	(1,760)
Goodwill, Ending Balance	150,037
North America [Member]
Goodwill [Line Items]
Goodwill, Acquired During Period	0
Goodwill [Roll Forward]
Goodwill, Beginning Balance	117,609
Foreign exchange translation	(497)
Goodwill, Ending Balance	117,112
Europe [Member]
Goodwill [Line Items]
Goodwill, Acquired During Period	0
Goodwill [Roll Forward]
Goodwill, Beginning Balance	12,366
Foreign exchange translation	(1,422)
Goodwill, Ending Balance	10,944
South America [Member]
Goodwill [Line Items]
Goodwill, Acquired During Period	0
Goodwill [Roll Forward]
Goodwill, Beginning Balance	0
Foreign exchange translation	0
Goodwill, Ending Balance	0
Asia Pacific [Member]
Goodwill [Line Items]
Goodwill, Acquired During Period	16,628
Goodwill [Roll Forward]
Goodwill, Beginning Balance	5,194
Foreign exchange translation	159
Goodwill, Ending Balance	$ 21,981

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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
	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share [Abstract]
Net income attributable to Cooper-Standard Holdings Inc.	$ 20,987	$ 19,735
Increase (decrease) in fair value of share-based awards	5	0
Diluted net income available to Cooper-Standard Holdings Inc. common stockholders	$ 20,992	$ 19,735
Basic weighted average shares of common stock outstanding	17,037,283	16,656,600
Dilutive effect of:
Restricted common stock	195,035	151,772
Warrants	795,897	1,038,338
Options	209,237	73,561
Diluted weighted average shares of common stock outstanding	18,237,452	17,920,271
Basic net income per share attributable to Cooper-Standard Holdings Inc.	$ 1.23	$ 1.18
Diluted net income per share attributable to Cooper-Standard Holdings Inc.	$ 1.15	$ 1.10

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Financial Instruments - Location and fair value of derivative instruments qualifying as cash flow hedges (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Derivatives, Fair Value [Line Items]
Derivative Instruments in Hedges, Assets, at Fair Value	$ 1,034	$ 389
Derivative Instruments in Hedges, Liabilities, at Fair Value	(5,419)	(3,653)
Other Current Assets [Member] | Foreign exchange contract [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Current	928	370
Other Current Assets [Member] | Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Current	26	0
Other Assets [Member] | Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset	80	19
Accrued Liabilities [Member] | Foreign exchange contract [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Current	(1,435)	(1,999)
Accrued Liabilities [Member] | Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Current	(1,545)	(751)
Other Liabilities [Member] | Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability	$ (2,439)	$ (903)

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Income Taxes - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Tax Disclosure [Abstract]
Effective tax rate	41.00%	36.00%

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Restructuring

3 Months Ended

Mar. 31, 2015

Restructuring and Related Activities [Abstract]

Restructuring

Restructuring

European Initiative

The Company has implemented a restructuring initiative of certain facilities in Europe based on current and anticipated market demands. The estimated cost of this initiative is approximately $125,000 and is expected to be completed by 2017. The company has recognized $18,374 of costs related to this initiative. The restructuring effort aims to further improve the Company's European capability by removing excess capacity, improving cost structure and shifting some production to its Eastern European facilities. Actions include consolidation of operations to improve efficiencies and closure or downsizing of certain facilities with high costs and unutilized capacity in Western Europe, including Germany and France. A previous European restructuring initiative has been combined with this new initiative. The following table summarizes the restructuring expense for the three months ended March 31, 2014 and 2015:

	Three Months Ended March 31,
	2014		2015
Employee separation costs	$	—	$	14,004
Other exit costs	2,431		4,370
	$	2,431	$	18,374

The following table summarizes the activity in the restructuring liability for this initiative for the three months ended March 31, 2015:

	Employee Separation Costs			Other Exit Costs			Asset Impairments		Total
Balance at January 1, 2015	$	10,824		$	—		$	—	$	10,824
Expense	14,004			4,370			—		18,374
Cash payments and foreign exchange translation	(2,377		)	(3,104		)	—		(5,481		)
Balance at March 31, 2015	$	22,451		$	1,266		$	—	$	23,717

North America Initiative

In the first quarter of 2015, the Company initiated the restructure of a facility in North America. The estimated cost of this initiative is $8,500 and is expected to be completed in 2015. For the three months ended March 31, 2015, the Company has recorded $417 of other exit costs related to this initiative. As of March 31, 2015, there was no liability associated with this initiative.

Other Initiatives

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. These initiatives are substantially complete, however, the Company continues to incur costs on some of these initiatives related principally to the disposal of the respective facilities. For the three months ended March 31, 2014, the Company recorded $242 of employee separation costs and $416 of other exit costs related to these initiatives. For the three months ended March 31, 2015, the Company recorded $49 of employee separation costs related to these initiatives. As of March 31, 2015, there was a liability of $12 associated with these initiatives.

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Accounts Receivable Factoring - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Receivables [Abstract]
Amount outstanding under accounts receivable transfer agreements without recourse	$ 72,763		$ 95,951
Total amount of accounts receivable factored without recourse	79,799	139,130
Costs incurred on sale of receivables without recourse	631	798
Amount outstanding under accounts receivable transfer agreements with recourse	4,833		8,292
Secured debt maturity period	1 year
Total amount of accounts receivable factored with recourse	7,918	15,695
Costs incurred on sale of receivables with recourse	$ 48	$ 92

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Inventories - Summary of Inventories (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Inventory Disclosure [Abstract]
Finished goods	$ 47,217	$ 45,485
Work in process	40,342	36,498
Raw materials and supplies	91,387	84,548
Inventories	$ 178,946	$ 166,531

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

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Changes in Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component for the three months ended March 31, 2014 and 2015, net of related tax, are as follows:

	Three Months Ended March 31, 2014
	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, 2014	$	5,712		$	(33,406	)	$	—	$	—	$	(27,694	)
Other comprehensive income (loss) before reclassifications	(2,020		)	159			1,146		73		(642		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			(166		)	—		5		(161		)
Net current period other comprehensive income (loss)(1)	(2,020		)	(7		)	1,146		78		(803		)
Balance at March 31, 2014	$	3,692		$	(33,413	)	$	1,146	$	78	$	(28,497	)

(1) Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of $(74). Other comprehensive income (loss) related to the unrealized gain on investment securities is net of a tax effect of $(703). Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $(59).

	Three Months Ended March 31, 2015
	Cumulative currency translation adjustment(2)			Benefit plan liability			Fair value change of derivatives			Accumulated other comprehensive loss
Balance at January 1, 2015	$	(50,371	)	$	(86,861	)	$	(2,011	)	$	(139,243	)
Other comprehensive income (loss) before reclassifications	(47,261		)	5,377			(683		)	(42,567		)
Amounts reclassified from accumulated other comprehensive income (loss)	(1,909		)	384			99			(1,426		)
Net current period other comprehensive income (loss)(1)	(49,170		)	5,761			(584		)	(43,993		)
Balance at March 31, 2015	$	(99,541	)	$	(81,100	)	$	(2,595	)	$	(183,236	)

(1) Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of $(280). Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $536.

(2) Includes $300 reclassed to paid-in capital related to the purchase of noncontrolling interests.

Reclassifications out of accumulated other comprehensive income (loss)

The reclassifications out of accumulated other comprehensive income (loss) for the three months ended March 31, 2014 and 2015 are as follows:

	Gain (loss) reclassified
	Three Months Ended March 31,
Details about accumulated other comprehensive income (loss) components	2014			2015			Location of gain (loss) reclassified into income
Cumulative currency translation adjustment	—			1,609			Other income, net
Fair value change of derivatives
Foreign exchange contracts	$	(7	)	$	(168	)	Cost of products sold
	(7		)	(168		)	Income before income taxes
	2			69			Income tax expense
	$	(5	)	$	(99	)	Consolidated net income
Amortization of defined benefit and other postretirement benefit plans
Prior service credits	$	82		$	87		(1)
Actuarial gains (losses)	224			(612		)	(1)
	306			(525		)	Income before income taxes
	(140		)	141			Income tax expense
	$	166		$	(384	)	Consolidated net income
Total reclassifications for the period	$	161		$	1,126

(1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost. (See Note 7. “Pension and Postretirement Benefits other than Pensions” for additional details.)

Summary of equity and redeemable noncontrolling interest activity

The following table summarizes the Company’s equity and redeemable noncontrolling interest activity for the three months ended March 31, 2015:

	Cooper-Standard Holdings Inc.			Noncontrolling Interests			Total Equity			Redeemable Noncontrolling Interest
Equity at January 1, 2015	$	548,966		$	(252	)	$	548,714		$	3,981
Net income (loss)	20,987			186			21,173			(45		)
Warrant exercise	24			—			24			—
Other comprehensive income (loss)	(43,993		)	109			(43,884		)	—
Stock-based compensation, net	1,546			—			1,546			—
Acquisition of Shenya	—			11,368			11,368			—
Shares issued under stock option plans	(71		)	—			(71		)	—
Purchase of noncontrolling interest	2,862			192			3,054			(3,936		)
Equity at March 31, 2015	$	530,321		$	11,603		$	541,924		$	—

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Pension and Postretirement Benefits other than Pensions (Tables)

3 Months Ended

Mar. 31, 2015

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 (income) for the three months ended March 31, 2014 and 2015 for the Company’s defined benefit plans and other postretirement benefit plans:

	Pension Benefits
	Three Months Ended March 31,
	2014						2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	213		$	861		$	232		$	889
Interest cost	3,370			1,802			3,084			1,295
Expected return on plan assets	(4,764		)	(958		)	(4,421		)	(860		)
Amortization of prior service cost and recognized actuarial loss	16			231			276			679
Other	—			—			—			120
Net periodic benefit cost (income)	$	(1,165	)	$	1,936		$	(829	)	$	2,123

	Other Postretirement Benefits
	Three Months Ended March 31,
	2014						2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	106		$	136		$	109		$	98
Interest cost	397			188			353			175
Amortization of prior service credit and recognized actuarial gain	(481		)	(71		)	(396		)	(5		)
Other	6			—			6			—
Net periodic benefit cost	$	28		$	253		$	72		$	268

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Related Party Transactions - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	1 Months Ended		3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Related Party Transaction Due From To Related Party [Line Items]
Dividend related to return on Capital on investment made			$ 0	$ 951
Nisco [Member]
Related Party Transaction Due From To Related Party [Line Items]
Equity Method Investment, Ownership Percentage	40.00%		40.00%
Sales to related party			7,914	10,850
Dividend received	680	1,760
Dividend related to earnings		809
Dividend related to return on Capital on investment made		$ 951

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Debt - Outstanding Debt (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Term loan	$ 741,161	$ 742,902
Other borrowings	59,219	42,972
Total debt	800,380	785,874
Less current portion	(54,992)	(36,789)
Total long-term debt	$ 745,388	$ 749,085

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

3 Months Ended

Mar. 31, 2015

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 March 31,
	2014		2015
Net income attributable to Cooper-Standard Holdings Inc.	$	19,735	$	20,987
Increase in fair value of share-based awards	—		5
Diluted net income available to Cooper-Standard Holdings Inc. common stockholders	$	19,735	$	20,992
Basic weighted average shares of common stock outstanding	16,656,600		17,037,283
Dilutive effect of:
Restricted common stock	151,772		195,035
Warrants	1,038,338		795,897
Options	73,561		209,237
Diluted weighted average shares of common stock outstanding	17,920,271		18,237,452
Basic net income per share attributable to Cooper-Standard Holdings Inc.	$	1.18	$	1.23
Diluted net income per share attributable to Cooper-Standard Holdings Inc.	$	1.10	$	1.15

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 March 31,
	2014	2015
Number of options	479,211	303,300
Exercise price	$25.52-66.23	$56.27-70.20
Restricted common stock	70,420	—

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Other Income (Expense), Net (Tables)

3 Months Ended

Mar. 31, 2015

Other Income and Expenses [Abstract]

Details of Components of Other Income Expense, Net

12. Other Income, Net

The components of other income

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Goodwill and Intangibles

3 Months Ended

Mar. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangibles

Goodwill and Intangibles

The changes in the carrying amount of goodwill by reportable operating segment for the three months ended March 31, 2015 are summarized as follows:

	North America			Europe			South America		Asia Pacific		Total
Balance at January 1, 2015	$	117,609		$	12,366		$	—	$	5,194	$	135,169
Acquisition	—			—			—		16,628		16,628
Foreign exchange translation	(497		)	(1,422		)	—		159		(1,760		)
Balance at March 31, 2015	$	117,112		$	10,944		$	—	$	21,981	$	150,037

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 March 31, 2015.

The following table presents intangible assets and accumulated amortization balances of the Company as of December 31, 2014 and March 31, 2015, respectively:

	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	133,471	$	(59,773	)	$	73,698
Developed technology	9,252		(6,842		)	2,410
Other	6,701		(500		)	6,201
Balance at December 31, 2014	$	149,424	$	(67,115	)	$	82,309
Customer relationships	$	141,613	$	(61,327	)	$	80,286
Developed technology	8,820		(6,800		)	2,020
Other	10,893		(4,504		)	6,389
Balance at March 31, 2015	$	161,326	$	(72,631	)	$	88,695

Amortization expense totaled $4,436 and $3,548 for the three months ended March 31, 2014 and 2015, respectively. Amortization expense is estimated to be approximately $14,666 for the year ending December 31, 2015.

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Business Segments (Tables)

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Information on Company's Business Segments

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

	Three Months Ended March 31,
	2014			2015
Sales to external customers:
North America	$	432,605		$	417,362
Europe	308,161			266,829
South America	39,766			30,178
Asia Pacific	57,074			85,681
Consolidated	$	837,606		$	800,050
Intersegment sales:
North America	$	3,359		$	4,050
Europe	2,227			2,973
South America	—			—
Asia Pacific	1,847			1,178
Eliminations and other	(7,433		)	(8,201		)
Consolidated	$	—		$	—
Segment profit (loss):
North America	$	38,460		$	43,012
Europe	(3,182		)	(4,438		)
South America	(2,507		)	(5,131		)
Asia Pacific	650			2,426
Income before income taxes	$	33,421		$	35,869
Restructuring cost included in segment profit (loss):
North America	$	98		$	417
Europe	2,863			18,423
South America	—			—
Asia Pacific	128			—
Consolidated	$	3,089		$	18,840

	December 31, 2014		March 31, 2015
Segment assets:
North America	$	885,242	$	886,568
Europe	591,743		584,297
South America	105,547		90,372
Asia Pacific	300,302		471,842
Eliminations and other	249,933		180,281
Consolidated	$	2,132,767	$	2,213,360

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Restructuring - Summary of Restructuring Expense (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Restructuring Cost and Reserve [Line Items]
Restructuring	$ 18,840	$ 3,089
Europe Facilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	18,374	2,431
Europe Facilities [Member] | Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	14,004	0
Europe Facilities [Member] | Other Exit Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	4,370	2,431
Europe Facilities [Member] | Asset Impairments [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	$ 0

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Net Income Per Share Attributable to Cooper-Standard Holdings Inc -Common stock equivalents (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Stock Option [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	303,300	479,211
Stock Option [Member] | Minimum [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price	56.27	25.52
Stock Option [Member] | Maximum [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price	70.20	66.23
Restricted Stock [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	70,420

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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Statement [Abstract]
Sales	$ 800,050	$ 837,606
Cost of products sold	669,178	703,347
Gross profit	130,872	134,259
Selling, administration & engineering expenses	76,311	79,571
Amortization of intangibles	3,548	4,436
Restructuring	18,840	3,089
Operating profit	32,173	47,163
Interest expense, net of interest income	(9,157)	(15,008)
Equity earnings	1,776	1,236
Other income, net	11,077	30
Income before income taxes	35,869	33,421
Income tax expense	14,741	12,064
Net income	21,128	21,357
Net income attributable to noncontrolling interests	(141)	(1,622)
Net income attributable to Cooper-Standard Holdings Inc.	20,987	19,735
Earnings per share
Basic	$ 1.23	$ 1.18
Diluted	$ 1.15	$ 1.10
Comprehensive income attributable to Cooper-Standard Holdings Inc.
Comprehensive income (loss)	(22,756)	20,730
Comprehensive (income) loss attributable to noncontrolling interests	(250)	(1,798)
Comprehensive income (loss) attributable to Cooper-Standard Holdings Inc.	$ (23,006)	$ 18,932

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Debt - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	0 Months Ended	3 Months Ended
	Apr. 04, 2014	Mar. 31, 2015	Apr. 08, 2013	Jun. 11, 2014
Credit Facilities [Line Items]
Letters of credit outstanding		$ 35,576
Medium-term Notes [Member]
Credit Facilities [Line Items]
Debt Instrument, Maturity Date		Apr. 04, 2021
Aggregate principal amount	750,000
Consolidated first lien debt ratio	2.25 to 1.00
Term loan accordion feature	300,000
Principle amount outstanding		744,375
Debt issuance costs	7,900
Discount on Senior PIK Toggle Notes	3,750	3,214
Amended Senior ABL Facility [Member]
Credit Facilities [Line Items]
Aggregate revolving loan availability	150,000		150,000
Letter of credit sub-facility	60,000
Swing line sub-facility	25,000
Uncommitted incremental loan facility	105,000
Total Senior ABL Facility	255,000
Amendment No. 1 to Senior ABL Facility [Member]
Credit Facilities [Line Items]
Aggregate revolving loan availability		180,000		180,000
Uncommitted incremental loan facility				75,000
Total Senior ABL Facility				$ 255,000
LIBOR [Member]
Credit Facilities [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	1.00%
Base Rate [Member]
Credit Facilities [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.00%

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Overview

3 Months Ended

Mar. 31, 2015

Accounting Policies [Abstract]

Overview

Overview

Basis of presentation

Cooper-Standard Holdings Inc. (together with its consolidated subsidiaries, the “Company,” “Cooper-Standard,” “we,” “our,” or “us”), through its wholly-owned subsidiary Cooper-Standard Automotive Inc., is a leading manufacturer of sealing, fuel and brake delivery, fluid transfer and anti-vibration systems components, 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 (the “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, 2014 (the "2014 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 ("U.S. GAAP") 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. The operating results for the interim period ended March 31, 2015 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

In April 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-03, Interest: Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. This ASU changes the presentation of debt issuance costs in financial statements from an asset to a direct deduction from the related debt liability. This guidance is effective for the first interim period within annual reporting periods beginning after December 15, 2015. The adoption of this ASU is not expected to have a material impact on the Company's condensed consolidated financial statements.

In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis. This ASU amends the consolidation guidance under U.S. GAAP. This guidance is effective for the first interim period within annual reporting periods beginning after December 15, 2015. The adoption of this ASU is not expected to have a material impact on the Company's condensed consolidated financial statements.

In January 2015, the FASB issued ASU 2015-01, Income Statement: Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items. This ASU eliminates the concept of extraordinary items from U.S. GAAP. The guidance is effective for the first interim period within annual reporting periods beginning after December 15, 2015. Early adoption is permitted. The adoption of this ASU is not expected to have a material impact on the Company's condensed consolidated financial statements.

In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements: Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern. This ASU requires management to perform interim and annual assessments of an entity's ability to continue as a going concern. This guidance is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. The adoption of this ASU is not expected to have a material impact on the Company's condensed consolidated financial statements.

In May 2014, the FASB issued 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 currently effective for the first interim period within annual reporting periods beginning after December 15, 2016 (although in April 2015 the FASB proposed delaying the effective date of this ASU to fiscal years beginning after December 15, 2017). 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 Company adopted this guidance effective January 1, 2015. The adoption of this ASU did not have a material impact on the Company's condensed consolidated financial statements.

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Financial Instruments - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Term loan	$ 741,161	$ 742,902
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net	1,519
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	44,365
Amount reclassified from AOCI into cost of products sold	168
Forward Foreign Exchange Contracts Transaction Period	Dec. 31, 2015
Interest Rate Swap [Member] | Cash Flow Hedging [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notional amount of foreign currency cash flow	300,000
Derivative, Maturity Date	Sep. 30, 2018
Medium-term Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of the term loan	$ 737,455	$ 723,401

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Acquisitions Summary of Estimated Fair Value of Assets Acquired and Liabilities Assumed at Date of Acquisition (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Feb. 27, 2015
Business Acquisition [Line Items]
Goodwill	$ 150,037	$ 135,169
Huayu-Cooper Standard Sealing Systems Co., Ltd. [Member]
Business Acquisition [Line Items]
Cash and cash equivalents			7,079
Accounts receivable			24,197
Inventories			13,772
Prepaid expenses			13,045
Other current assets			21,189
Property, plant, and equipment			79,869
Goodwill			16,628
Intangibles			12,299
Other assets			14,200
Total assets acquired			202,278
Debt payable within one year			19,164
Accounts payable			41,059
Other current liabilities			16,950
Other liabilities			13,256
Total liabilities assumed			90,429
Noncontrolling interest			11,368
Net assets acquired including noncontrolling interest			$ 100,481

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Overview (Policies)

3 Months Ended

Mar. 31, 2015

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”), through its wholly-owned subsidiary Cooper-Standard Automotive Inc., is a leading manufacturer of sealing, fuel and brake delivery, fluid transfer and anti-vibration systems components, 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 (the “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, 2014 (the "2014 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 ("U.S. GAAP") 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. The operating results for the interim period ended March 31, 2015 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 April 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2015-03, Interest: Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. This ASU changes the presentation of debt issuance costs in financial statements from an asset to a direct deduction from the related debt liability. This guidance is effective for the first interim period within annual reporting periods beginning after December 15, 2015. The adoption of this ASU is not expected to have a material impact on the Company's condensed consolidated financial statements.

In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis. This ASU amends the consolidation guidance under U.S. GAAP. This guidance is effective for the first interim period within annual reporting periods beginning after December 15, 2015. The adoption of this ASU is not expected to have a material impact on the Company's condensed consolidated financial statements.

In January 2015, the FASB issued ASU 2015-01, Income Statement: Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items. This ASU eliminates the concept of extraordinary items from U.S. GAAP. The guidance is effective for the first interim period within annual reporting periods beginning after December 15, 2015. Early adoption is permitted. The adoption of this ASU is not expected to have a material impact on the Company's condensed consolidated financial statements.

In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements: Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern. This ASU requires management to perform interim and annual assessments of an entity's ability to continue as a going concern. This guidance is effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. The adoption of this ASU is not expected to have a material impact on the Company's condensed consolidated financial statements.

In May 2014, the FASB issued 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 currently effective for the first interim period within annual reporting periods beginning after December 15, 2016 (although in April 2015 the FASB proposed delaying the effective date of this ASU to fiscal years beginning after December 15, 2017). 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 Company adopted this guidance effective January 1, 2015. The adoption of this ASU did not have a material impact on the Company's condensed consolidated financial statements.

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Goodwill and Intangibles - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2015
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization expenses	$ 3,548	$ 4,436
Scenario, Forecast [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated Amortization Expenses			$ 14,666

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Goodwill and Intangibles (Tables)

3 Months Ended

Mar. 31, 2015

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 three months ended March 31, 2015 are summarized as follows:

	North America			Europe			South America		Asia Pacific		Total
Balance at January 1, 2015	$	117,609		$	12,366		$	—	$	5,194	$	135,169
Acquisition	—			—			—		16,628		16,628
Foreign exchange translation	(497		)	(1,422		)	—		159		(1,760		)
Balance at March 31, 2015	$	117,112		$	10,944		$	—	$	21,981	$	150,037

Intangible Assets and Accumulated Amortization Balances

The following table presents intangible assets and accumulated amortization balances of the Company as of December 31, 2014 and March 31, 2015, respectively:

	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	133,471	$	(59,773	)	$	73,698
Developed technology	9,252		(6,842		)	2,410
Other	6,701		(500		)	6,201
Balance at December 31, 2014	$	149,424	$	(67,115	)	$	82,309
Customer relationships	$	141,613	$	(61,327	)	$	80,286
Developed technology	8,820		(6,800		)	2,020
Other	10,893		(4,504		)	6,389
Balance at March 31, 2015	$	161,326	$	(72,631	)	$	88,695

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Acquisitions Acqusitions

3 Months Ended

Mar. 31, 2015

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

Acquisitions

In the first quarter of 2015, the Company acquired the remaining equity interests of Metzler Automotive Profiles India Private Limited (26%) and Cooper Standard Jingda Changchun Automotive Co., Ltd. (20%) for a combined cash consideration of $1,262. These acquisitions were accounted for as equity transactions in accordance with ASC Topic 810 "Consolidations."

In the first quarter of 2015, the Company completed the acquisition of an additional 47.5% of Huayu-Cooper Standard Sealing Systems Co. ("Shenya") for cash consideration of $59,320, with the final payment of $9,954 made in the second quarter of 2015. The Company now owns 95% of Shenya. The business acquired in the transaction is operated from Shenya’s manufacturing locations in China. Shenya primarily supplies sealing systems and components to the automotive industry. This acquisition is directly aligned with the Company’s growth strategy by strengthening important customer relationships in the automotive sealing systems market. This acquisition was accounted for under ASC 805, “Business Combinations,” and the results of operations of Shenya are included in the Company’s consolidated financial statements from the date of acquisition, February 27, 2015. This acquisition does not meet the thresholds for a significant acquisition and therefore no pro forma financial information is presented.

Prior to the acquisition, the Company held a 47.5% unconsolidated equity interest in Shenya. The fair value of the equity interest prior to the date of acquisition was $41,378, resulting in a gain of $11,622 recorded in other income, net for the three months ended March 31, 2015. The fair value of the Company's previous 47.5% equity interest, 47.5% purchased and 5% noncontrolling interest in Shenya were estimated using income and market approaches based on financial analysis methodologies (including the discounted cash flow analysis), projected financial information, management's estimates, available information, and reasonable and supportable assumptions. These fair value measurements are classified within level 3 of the fair value hierarchy.

The following table summarizes the estimated fair value of Shenya assets acquired and liabilities assumed at the date of acquisition:

Cash and cash equivalents	$	7,079
Accounts receivable	24,197
Inventories	13,772
Prepaid expenses	13,045
Other current assets	21,189
Property, plant, and equipment	79,869
Goodwill	16,628
Intangibles	12,299
Other assets	14,200
Total assets acquired	202,278
Debt payable within one year	19,164
Accounts payable	41,059
Other current liabilities	16,950
Other liabilities	13,256
Total liabilities assumed	90,429
Noncontrolling interest	11,368
Net assets acquired including noncontrolling interest	$	100,481

Cash and cash equivalents, accounts receivable, other current assets, accounts payable, and other current liabilities were stated at historical carrying values which management believes approximates fair value given the short-term nature of these assets and liabilities. Inventories were recorded at fair value which is estimated for finished goods and work-in-process based upon the expected selling price less costs to complete, selling, and disposal costs, and a normal profit to the buyer. Raw material inventory was recorded at carrying value as such value approximates the replacement cost. Deferred income taxes have been provided in the condensed consolidated balance sheet based on the Company's estimates of the tax versus book basis of the assets acquired and liabilities assumed, adjusted to estimated fair values. The Company has estimated the fair value of property, plant and equipment, intangibles, other long-lived assets and noncontrolling interest based upon financial estimates and projections prepared in conjunction with the transaction. These estimates are preliminary and may change in the future as information becomes available from third party valuations. The value assigned to all assets and liabilities did not exceed the acquisition price, therefore goodwill and intangibles were recorded related to this transaction as of March 31, 2015.

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 194,434	$ 267,270
Accounts receivable, net	468,647	377,032
Tooling receivable	125,840	124,015
Inventories	178,946	166,531
Prepaid expenses	39,684	25,626
Other	69,955	93,524
Total current assets	1,077,506	1,053,998
Property, plant and equipment, net	763,593	716,013
Goodwill	150,037	135,169
Intangibles, net	88,695	82,309
Deferred tax assets	49,886	41,059
Other assets	83,643	104,219
Total assets	2,213,360	2,132,767
Current liabilities:
Debt payable within one year	54,992	36,789
Accounts payable	364,183	322,422
Payroll liabilities	110,593	94,986
Accrued liabilities	92,271	75,005
Total current liabilities	622,039	529,202
Long-term debt	745,388	749,085
Pension benefits	175,256	191,805
Postretirement benefits other than pensions	57,985	60,287
Deferred tax liabilities	27,185	5,001
Other liabilities	43,583	44,692
Total liabilities	1,671,436	1,580,072
Redeemable noncontrolling interests	0	3,981
7% Cumulative participating convertible preferred stock, $0.001 par value, 10,000,000 shares authorized at December 31, 2014, and March 31, 2015; no shares issued and outstanding	0	0
Equity:
Common stock, $0.001 par value, 190,000,000 shares authorized at December 31, 2014 and March 31, 2015; 18,685,634 shares issued and 17,039,328 outstanding at December 31, 2014 and 18,727,915 shares issued and 17,081,609 outstanding at March 31, 2015	17	17
Additional paid-in capital	497,529	492,959
Retained earnings	216,011	195,233
Accumulated other comprehensive loss	(183,236)	(139,243)
Total Cooper-Standard Holdings Inc. equity	530,321	548,966
Noncontrolling interests	11,603	(252)
Total equity	541,924	548,714
Total liabilities and equity	$ 2,213,360	$ 2,132,767

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Other Income (Expense), Net

3 Months Ended

Mar. 31, 2015

Other Income and Expenses [Abstract]

Other Income (Expense), Net

Other Income, Net

The components of other income, net are as follows:

	Three Months Ended March 31,
	2014			2015
Gain on remeasurement of previously held equity interest	$	—		$	11,622
Foreign currency gains (losses)	532			(248		)
Losses related to forward contracts	(38		)	—
Loss on sale of receivables	(464		)	(297		)
Other income, net	$	30		$	11,077

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Document and Entity Information	3 Months Ended
	Mar. 31, 2015	Apr. 29, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
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		17,082,177

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Related Party Transactions

3 Months Ended

Mar. 31, 2015

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

Sales to Nishikawa Standard Company ("NISCO"), a 40% owned joint venture, totaled $10,850 and $7,914 for the three months ended March 31, 2014 and 2015, respectively. 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 March 2015, the Company received from NISCO a dividend of $680, all of which was related to earnings.

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CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
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	18,727,915	18,685,634
Common stock, shares outstanding	17,081,609	17,039,328

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Pension and Postretirement Benefits other than Pensions

3 Months Ended

Mar. 31, 2015

Compensation and Retirement Disclosure [Abstract]

Pension and Postretirement Benefits other than Pensions

Pension and Postretirement Benefits other than Pensions

The following tables disclose the amount of net periodic benefit cost (income) for the three months ended March 31, 2014 and 2015 for the Company’s defined benefit plans and other postretirement benefit plans:

	Pension Benefits
	Three Months Ended March 31,
	2014						2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	213		$	861		$	232		$	889
Interest cost	3,370			1,802			3,084			1,295
Expected return on plan assets	(4,764		)	(958		)	(4,421		)	(860		)
Amortization of prior service cost and recognized actuarial loss	16			231			276			679
Other	—			—			—			120
Net periodic benefit cost (income)	$	(1,165	)	$	1,936		$	(829	)	$	2,123

	Other Postretirement Benefits
	Three Months Ended March 31,
	2014						2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	106		$	136		$	109		$	98
Interest cost	397			188			353			175
Amortization of prior service credit and recognized actuarial gain	(481		)	(71		)	(396		)	(5		)
Other	6			—			6			—
Net periodic benefit cost	$	28		$	253		$	72		$	268

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Debt

3 Months Ended

Mar. 31, 2015

Debt Disclosure [Abstract]

Debt

Debt

Outstanding debt consisted of the following at December 31, 2014 and March 31, 2015:

	December 31, 2014			March 31, 2015
Term loan	$	742,902		$	741,161
Other borrowings	42,972			59,219
Total debt	$	785,874		$	800,380
Less current portion	(36,789		)	(54,992		)
Total long-term debt	$	749,085		$	745,388

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.

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 provided 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).

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 agreed to fund such increase). No consent of any lender (other than those participating in the increase) is required to effect any such increase. As of March 31, 2015, 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.

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 (the "Senior PIK Toggle Notes") 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. As of March 31, 2015, the principal amount of $744,375 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 March 31, 2015, the Company had $3,214 of unamortized original issue discount.

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Acquisitions (Tables)

3 Months Ended

Mar. 31, 2015

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table summarizes the estimated fair value of Shenya assets acquired and liabilities assumed at the date of acquisition:

Cash and cash equivalents	$	7,079
Accounts receivable	24,197
Inventories	13,772
Prepaid expenses	13,045
Other current assets	21,189
Property, plant, and equipment	79,869
Goodwill	16,628
Intangibles	12,299
Other assets	14,200
Total assets acquired	202,278
Debt payable within one year	19,164
Accounts payable	41,059
Other current liabilities	16,950
Other liabilities	13,256
Total liabilities assumed	90,429
Noncontrolling interest	11,368
Net assets acquired including noncontrolling interest	$	100,481

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Business Segments

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Business Segments

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 systems, fuel and brake delivery systems, fluid transfer 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 March 31,
	2014			2015
Sales to external customers:
North America	$	432,605		$	417,362
Europe	308,161			266,829
South America	39,766			30,178
Asia Pacific	57,074			85,681
Consolidated	$	837,606		$	800,050
Intersegment sales:
North America	$	3,359		$	4,050
Europe	2,227			2,973
South America	—			—
Asia Pacific	1,847			1,178
Eliminations and other	(7,433		)	(8,201		)
Consolidated	$	—		$	—
Segment profit (loss):
North America	$	38,460		$	43,012
Europe	(3,182		)	(4,438		)
South America	(2,507		)	(5,131		)
Asia Pacific	650			2,426
Income before income taxes	$	33,421		$	35,869
Restructuring cost included in segment profit (loss):
North America	$	98		$	417
Europe	2,863			18,423
South America	—			—
Asia Pacific	128			—
Consolidated	$	3,089		$	18,840

	December 31, 2014		March 31, 2015
Segment assets:
North America	$	885,242	$	886,568
Europe	591,743		584,297
South America	105,547		90,372
Asia Pacific	300,302		471,842
Eliminations and other	249,933		180,281
Consolidated	$	2,132,767	$	2,213,360

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

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

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

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 March 31,
	2014		2015
Net income attributable to Cooper-Standard Holdings Inc.	$	19,735	$	20,987
Increase in fair value of share-based awards	—		5
Diluted net income available to Cooper-Standard Holdings Inc. common stockholders	$	19,735	$	20,992
Basic weighted average shares of common stock outstanding	16,656,600		17,037,283
Dilutive effect of:
Restricted common stock	151,772		195,035
Warrants	1,038,338		795,897
Options	73,561		209,237
Diluted weighted average shares of common stock outstanding	17,920,271		18,237,452
Basic net income per share attributable to Cooper-Standard Holdings Inc.	$	1.18	$	1.23
Diluted net income per share attributable to Cooper-Standard Holdings Inc.	$	1.10	$	1.15

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 March 31,
	2014	2015
Number of options	479,211	303,300
Exercise price	$25.52-66.23	$56.27-70.20
Restricted common stock	70,420	—

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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	Mar. 31, 2015	Dec. 31, 2014
Other Current Assets [Member]
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items]
Forward foreign exchange contracts - other current assets	$ 928	$ 370
Interest rate swaps - other assets	26	0
Accrued Liabilities [Member]
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items]
Forward foreign exchange contracts - accrued liabilities	(1,435)	(1,999)
Other Assets [Member]
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items]
Interest rate swaps - other assets	80	19
Other Current Liabilities [Member]
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items]
Interest rate swaps - other liabilities	(1,545)	(751)
Other Liabilities [Member]
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items]
Interest rate swaps - other liabilities	$ (2,439)	$ (903)

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Income Taxes

3 Months Ended

Mar. 31, 2015

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

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

The effective tax rate for the three months ended March 31, 2015 was 41% as compared to 36% for the three months ended March 31, 2014. The effective tax rate for the three months ended March 31, 2015 as compared to the three months ended March 31, 2014 is higher as a result of losses due to restructuring in foreign jurisdictions where we did not record a tax benefit due to valuation allowances offset by a discrete benefit on the remeasurement of the Company's investment in Shenya. The income tax rate for the three months ended March 31, 2015 varies from statutory rates due to income taxes on foreign earnings taxed at rates lower than the U.S. statutory rate, the inability to record a tax benefit for pre-tax losses in certain foreign jurisdictions to the extent not offset by other categories of income, a discrete benefit on the remeasurement of the Company's investment in Shenya, tax credits, income tax incentives, withholding taxes, and other permanent items. Further, the Company’s current and future provision for income taxes is 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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Accumulated Other Comprehensive Income (Loss), Equity and Redeemable Noncontrolling Interests

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

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

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

The changes in accumulated other comprehensive income (loss) by component for the three months ended March 31, 2014 and 2015, net of related tax, are as follows:

	Three Months Ended March 31, 2014
	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, 2014	$	5,712		$	(33,406	)	$	—	$	—	$	(27,694	)
Other comprehensive income (loss) before reclassifications	(2,020		)	159			1,146		73		(642		)
Amounts reclassified from accumulated other comprehensive income (loss)	—			(166		)	—		5		(161		)
Net current period other comprehensive income (loss)(1)	(2,020		)	(7		)	1,146		78		(803		)
Balance at March 31, 2014	$	3,692		$	(33,413	)	$	1,146	$	78	$	(28,497	)

(1) Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of $(74). Other comprehensive income (loss) related to the unrealized gain on investment securities is net of a tax effect of $(703). Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $(59).

	Three Months Ended March 31, 2015
	Cumulative currency translation adjustment(2)			Benefit plan liability			Fair value change of derivatives			Accumulated other comprehensive loss
Balance at January 1, 2015	$	(50,371	)	$	(86,861	)	$	(2,011	)	$	(139,243	)
Other comprehensive income (loss) before reclassifications	(47,261		)	5,377			(683		)	(42,567		)
Amounts reclassified from accumulated other comprehensive income (loss)	(1,909		)	384			99			(1,426		)
Net current period other comprehensive income (loss)(1)	(49,170		)	5,761			(584		)	(43,993		)
Balance at March 31, 2015	$	(99,541	)	$	(81,100	)	$	(2,595	)	$	(183,236	)

(1) Other comprehensive income (loss) related to the benefit plan liability is net of a tax effect of $(280). Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $536.

(2) Includes $300 reclassed to paid-in capital related to the purchase of noncontrolling interests.

The reclassifications out of accumulated other comprehensive income (loss) for the three months ended March 31, 2014 and 2015 are as follows:

	Gain (loss) reclassified
	Three Months Ended March 31,
Details about accumulated other comprehensive income (loss) components	2014			2015			Location of gain (loss) reclassified into income
Cumulative currency translation adjustment	—			1,609			Other income, net
Fair value change of derivatives
Foreign exchange contracts	$	(7	)	$	(168	)	Cost of products sold
	(7		)	(168		)	Income before income taxes
	2			69			Income tax expense
	$	(5	)	$	(99	)	Consolidated net income
Amortization of defined benefit and other postretirement benefit plans
Prior service credits	$	82		$	87		(1)
Actuarial gains (losses)	224			(612		)	(1)
	306			(525		)	Income before income taxes
	(140		)	141			Income tax expense
	$	166		$	(384	)	Consolidated net income
Total reclassifications for the period	$	161		$	1,126

(1) These accumulated other comprehensive income components are included in the computation of net periodic pension cost. (See Note 7. “Pension and Postretirement Benefits other than Pensions” for additional details.)

The following table summarizes the Company’s equity and redeemable noncontrolling interest activity for the three months ended March 31, 2015:

	Cooper-Standard Holdings Inc.			Noncontrolling Interests			Total Equity			Redeemable Noncontrolling Interest
Equity at January 1, 2015	$	548,966		$	(252	)	$	548,714		$	3,981
Net income (loss)	20,987			186			21,173			(45		)
Warrant exercise	24			—			24			—
Other comprehensive income (loss)	(43,993		)	109			(43,884		)	—
Stock-based compensation, net	1,546			—			1,546			—
Acquisition of Shenya	—			11,368			11,368			—
Shares issued under stock option plans	(71		)	—			(71		)	—
Purchase of noncontrolling interest	2,862			192			3,054			(3,936		)
Equity at March 31, 2015	$	530,321		$	11,603		$	541,924		$	—

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Stock-Based Compensation

3 Months Ended

Mar. 31, 2015

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

Stock-Based Compensation

Stock-Based Compensation

Under the Company's incentive plans, stock options, restricted common stock, restricted preferred stock, unrestricted common stock, restricted stock units and performance units have been granted to key employees and directors. Total compensation expense recognized was $3,906 and $2,629 for the three months ended March 31, 2014 and 2015, respectively.

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Acquisitions Additional Information (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		0 Months Ended	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Feb. 27, 2015	Jun. 30, 2015
Business Acquisition [Line Items]
Purchase of noncontrolling interests	$ 1,262	$ 0
Gain on remeasurement of previously held equity interest	11,622	0
Metzler Automotive Profiles India [Member]
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired	26.00%
Cooper Standard Jingda Changchun Automotive Co., Ltd [Member]
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired	20.00%
Huayu-Cooper Standard Sealing Systems Co., Ltd. [Member]
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired			47.50%
Business Combination, Step Acquisition, Equity Interest in Acquiree, Including Subsequent Acquisition, Percentage			95.00%
Business Combination, Consideration Transferred	59,320
Business Combination, Step Acquisition, Equity Interest in Acquiree, Percentage			47.50%
Business Combination, Step Acquisition, Equity Interest in Acquiree, Fair Value			41,378
Gain on remeasurement of previously held equity interest	11,622
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			5.00%
Subsequent Event [Member] | Huayu-Cooper Standard Sealing Systems Co., Ltd. [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred				$ 9,954

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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
	Mar. 31, 2015	Mar. 31, 2014
Equity And Noncontrolling Interests [Line Items]
Equity at January 1, 2015	$ 548,714
Net Income (Loss) Attributable to Parent	20,987	19,735
Net income (loss)	21,128	21,357
Warrant exercise	0	4,571
Equity at March 31, 2015	541,924
Total [Member]
Equity And Noncontrolling Interests [Line Items]
Equity at January 1, 2015	548,714
Net income (loss)	21,173
Warrant exercise	24
Other comprehensive income (loss)	(43,884)
Stock-based compensation, net	1,546
Acquisition of Shenya	11,368
Shares issued under stock option plans	(71)
Purchase of noncontrolling interest	3,054
Equity at March 31, 2015	541,924
Parent [Member]
Equity And Noncontrolling Interests [Line Items]
Equity at January 1, 2015	548,966
Net income (loss)	20,987
Warrant exercise	24
Other comprehensive income (loss)	(43,993)
Stock-based compensation, net	1,546
Acquisition of Shenya	0
Shares issued under stock option plans	(71)
Purchase of noncontrolling interest	2,862
Equity at March 31, 2015	530,321
Noncontrolling Interest [Member]
Equity And Noncontrolling Interests [Line Items]
Equity at January 1, 2015	(252)
Net income (loss)	186
Warrant exercise	0
Other comprehensive income (loss)	109
Stock-based compensation, net	0
Acquisition of Shenya	11,368
Shares issued under stock option plans	0
Purchase of noncontrolling interest	192
Equity at March 31, 2015	11,603
Redeemable Noncontrolling Interests [Member]
Equity And Noncontrolling Interests [Line Items]
Equity at January 1, 2015	3,981
Net income (loss)	(45)
Warrant exercise	0
Other comprehensive income (loss)	0
Stock-based compensation, net	0
Acquisition of Shenya	0
Shares issued under stock option plans	0
Purchase of noncontrolling interest	(3,936)
Equity at March 31, 2015	$ 0

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Accounts Receivable Factoring

3 Months Ended

Mar. 31, 2015

Receivables [Abstract]

Accounts Receivable Factoring

Accounts Receivable Factoring

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

At December 31, 2014 and March 31, 2015, the Company had $95,951 and $72,763, respectively, outstanding under receivable transfer agreements without recourse entered into by various locations. The total amount of accounts receivable factored were $139,130 and $79,799 for the three months ended March 31, 2014 and 2015, respectively. Costs incurred on the sale of receivables were $798 and $631 for the three months ended March 31, 2014 and 2015, respectively. These amounts are recorded in other income, net and interest expense, net of interest income in the condensed consolidated statements of comprehensive income (loss).

At December 31, 2014 and March 31, 2015, the Company had $8,292 and $4,833, 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 $15,695 and $7,918 for the three months ended March 31, 2014 and 2015, respectively. Costs incurred on the sale of receivables were $92 and $48 for the three months ended March 31, 2014 and 2015, respectively. These amounts are recorded in other income, net and interest expense, net of interest income in the condensed consolidated statements of comprehensive income (loss).

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Inventories (Tables)

3 Months Ended

Mar. 31, 2015

Inventory Disclosure [Abstract]

Summary of Inventories

Inventories were comprised of the following at December 31, 2014 and March 31, 2015:

	December 31, 2014		March 31, 2015
Finished goods	$	45,485	$	47,217
Work in process	36,498		40,342
Raw materials and supplies	84,548		91,387
	$	166,531	$	178,946

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Accumulated Other Comprehensive Income , Equity and Redeemable Noncontrolling Interests - Changes in Accumulated Other Comprehensive Income (Loss) (Phantoms) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Equity [Abstract]
Other comprehensive income (loss) related to benefit plan liability, tax	$ (280)	$ (74)
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax		(703)
Other comprehensive income (loss) related to fair value change of derivatives, tax	536	(59)
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax, Portion Attributable to Noncontrolling Interest	$ 300

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Restructuring - Summary of Activity of Restructuring (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Restructuring Cost and Reserve [Line Items]
Restructuring	$ 18,840	$ 3,089
Europe Facilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	10,824
Restructuring	18,374	2,431
Cash payments and foreign exchange translation	(5,481)
Restructuring Reserve, Ending Balance	23,717
Employee Separation Costs [Member] | Europe Facilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	10,824
Restructuring	14,004	0
Cash payments and foreign exchange translation	(2,377)
Restructuring Reserve, Ending Balance	22,451
Other Exit Costs [Member] | Europe Facilities [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	0
Restructuring	4,370	2,431
Cash payments and foreign exchange translation	(3,104)
Restructuring Reserve, Ending Balance	1,266
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

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Operating Activities:
Net income	$ 21,128	$ 21,357
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	23,051	23,816
Amortization of intangibles	3,548	4,436
Stock-based compensation expense	2,629	3,906
Equity earnings, net of dividends related to earnings	141	1,033
Gain on remeasurement of previously held equity interest	11,622	0
Deferred income taxes	1,754	6,830
Other	(207)	(881)
Changes in operating assets and liabilities	(49,962)	(56,626)
Net cash provided by (used in) operating activities	(9,540)	3,871
Investing activities:
Capital expenditures	(51,315)	(63,817)
Acquisition of business, net of cash acquired	(24,442)	0
Return on equity investments	0	951
Proceeds from sale of fixed assets and other	2,237	2,125
Net cash used in investing activities	(73,520)	(60,741)
Financing activities:
Increase (decrease) in short-term debt, net	(2,416)	2,289
Borrowings on long-term debt	0	4,435
Principal payments on long-term debt	(1,891)	(121)
Payments of Debt Issuance Costs	0	(671)
Purchase of noncontrolling interests	1,262	0
Proceeds from exercise of warrants	0	4,571
Taxes withheld and paid on employees' share based payment awards	(992)	(866)
Other	(148)	(61)
Net cash provided by (used in) financing activities	(6,709)	9,576
Effects of exchange rate changes on cash and cash equivalents	16,933	969
Changes in cash and cash equivalents	(72,836)	(46,325)
Cash and cash equivalents at beginning of period	267,270	184,370
Cash and cash equivalents at end of period	$ 194,434	$ 138,045

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Inventories

3 Months Ended

Mar. 31, 2015

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories were comprised of the following at December 31, 2014 and March 31, 2015:

	December 31, 2014		March 31, 2015
Finished goods	$	45,485	$	47,217
Work in process	36,498		40,342
Raw materials and supplies	84,548		91,387
	$	166,531	$	178,946

In connection with the acquisition of Shenya, inventory was written up by $1,414 to fair value in the first quarter of 2015. Such inventory was sold as of March 31, 2015 and recorded as an increase to cost of products sold.

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Business Segments - Information on Company's Business Segments (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Sales to external customers	$ 800,050	$ 837,606
Intersegment sales	0	0
Segment profit (loss)	35,869	33,421
Restructuring	18,840	3,089
Segment assets	2,213,360		2,132,767
Reportable Geographical Components [Member] | North America [Member]
Segment Reporting Information [Line Items]
Sales to external customers	417,362	432,605
Intersegment sales	4,050	3,359
Segment profit (loss)	43,012	38,460
Restructuring	417	98
Segment assets	886,568		885,242
Reportable Geographical Components [Member] | Europe [Member]
Segment Reporting Information [Line Items]
Sales to external customers	266,829	308,161
Intersegment sales	2,973	2,227
Segment profit (loss)	(4,438)	(3,182)
Restructuring	18,423	2,863
Segment assets	584,297		591,743
Reportable Geographical Components [Member] | South America [Member]
Segment Reporting Information [Line Items]
Sales to external customers	30,178	39,766
Intersegment sales	0	0
Segment profit (loss)	(5,131)	(2,507)
Restructuring	0	0
Segment assets	90,372		105,547
Reportable Geographical Components [Member] | Asia Pacific [Member]
Segment Reporting Information [Line Items]
Sales to external customers	85,681	57,074
Intersegment sales	1,178	1,847
Segment profit (loss)	2,426	650
Restructuring	0	128
Segment assets	471,842		300,302
Eliminations and other [Member]
Segment Reporting Information [Line Items]
Intersegment sales	(8,201)	(7,433)
Segment assets	$ 180,281		$ 249,933

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Debt (Tables)

3 Months Ended

Mar. 31, 2015

Debt Disclosure [Abstract]

Outstanding Debt

Outstanding debt consisted of the following at December 31, 2014 and March 31, 2015:

	December 31, 2014			March 31, 2015
Term loan	$	742,902		$	741,161
Other borrowings	42,972			59,219
Total debt	$	785,874		$	800,380
Less current portion	(36,789		)	(54,992		)
Total long-term debt	$	749,085		$	745,388

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Goodwill and Intangibles - Intangible Assets and Accumulated Amortization Balances (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 161,326	$ 149,424
Accumulated Amortization	(72,631)	(67,115)
Net Carrying Amount	88,695	82,309
Customer relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	141,613	133,471
Accumulated Amortization	(61,327)	(59,773)
Net Carrying Amount	80,286	73,698
Developed technology [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	8,820	9,252
Accumulated Amortization	(6,800)	(6,842)
Net Carrying Amount	2,020	2,410
Other [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	10,893	6,701
Accumulated Amortization	(4,504)	(500)
Net Carrying Amount	$ 6,389	$ 6,201

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Financial Instruments

3 Months Ended

Mar. 31, 2015

Fair Value Disclosures [Abstract]

Financial Instruments

Financial Instruments

Fair values of the Term Loan Facility approximated $723,401 and $737,455 at December 31, 2014 and March 31, 2015, respectively, based on quoted market prices, compared to the recorded value of $742,902 and $741,161 at December 31, 2014 and March 31, 2015, respectively. This fair value measurement was classified within Level 1 of the fair value hierarchy.

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 statements of comprehensive income (loss). 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 statements of comprehensive income (loss) 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, other assets, accrued liabilities and other long-term liabilities. The Company is exposed to credit risk in the event of nonperformance by its counterparties on its derivative financial instruments. The Company mitigates this credit risk exposure by entering into agreements directly with major financial institutions with high credit standards that are expected to fully satisfy their obligations under the contracts.

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 and Canadian Dollar and the Euro against the Czech Koruna, the Polish Zloty, and the U.S. Dollar. The forward contracts are used to mitigate the potential volatility to earnings and cash flow arising from changes in currency exchange rates that impact the Company’s foreign currency transactions. As of March 31, 2015, the notional amount of these contracts was $44,365. The amount reclassified from accumulated other comprehensive loss into cost of products sold was $168 for the three months ended March 31, 2015. These foreign currency derivative contracts consist of hedges of transactions up to December 2015.

Interest Rate Swap - In August 2014, the Company entered into interest rate swap transactions to manage cash flow variability associated with its variable rate Term Loan Facility. The interest rate swap contracts, which fix the interest payments of variable rate debt instruments, are used to manage exposure to fluctuations in interest rates. As of March 31, 2015, the notional amount of these contracts was $300,000 with maturities through September 2018. The fair market value of all outstanding interest rate swap and other derivative contracts is subject to changes in value due to changes in interest rates. The amount to be reclassified in the next twelve months is expected to be approximately $1,519.

The location and fair value of the Company's derivative instruments qualifying as cash flow hedges as of December 31, 2014 and March 31, 2015 are as follows:

	December 31, 2014			March 31, 2015
Other current assets:
Forward foreign exchange contracts	$	370		$	928
Interest rate swaps	—			26
Other assets:
Interest rate swaps	19			80
Total assets	$	389		$	1,034
Accrued liabilities:
Forward foreign exchange contracts	$	(1,999	)	$	(1,435	)
Interest rate swaps	(751		)	(1,545		)
Other liabilities:
Interest rate swaps	(903		)	(2,439		)
Total liabilities	$	(3,653	)	$	(5,419	)

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, 2014 and March 31, 2015, are shown below:

	December 31, 2014			March 31, 2015			Input
Forward foreign exchange contracts - other current assets	$	370		$	928		Level 2
Forward foreign exchange contracts - accrued liabilities	(1,999		)	(1,435		)	Level 2
Interest rate swaps - other current assets	—			26			Level 2
Interest rate swaps - other assets	19			80			Level 2
Interest rate swaps - other current liabilities	(751		)	(1,545		)	Level 2
Interest rate swaps - other liabilities	(903		)	(2,439		)	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 2. "Acquisitions" and Note 4. “Restructuring.”