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 September 30, 2016

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: 001-36127

  ______________________________

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

As of October 26, 2016 there were 17,654,198 shares of the registrant’s common stock, $0.001 par value, outstanding.

COOPER-STANDARD HOLDINGS INC.

Form 10-Q

For the period ended September 30, 2016

		Page
	PART I. FINANCIAL INFORMATION
Item 1.	Financial Statements (unaudited)
	Condensed Consolidated Statements of Net Income	3
	Condensed Consolidated Statements of Comprehensive Income	4
	Condensed Consolidated Balance Sheets	5
	Condensed Consolidated Statement of Changes in Equity	6
	Condensed Consolidated Statements of Cash Flows	7
	Notes to Condensed Consolidated Financial Statements	8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	22
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	29
Item 4.	Controls and Procedures	29
	PART II. OTHER INFORMATION
Item 1.	Legal Proceedings	30
Item 1A.	Risk Factors	30
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	30
Item 6.	Exhibits	31
SIGNATURES		32
INDEX TO EXHIBITS AND EXHIBITS		33

2

PART I — FINANCIAL INFORMATION

Item 1.         Financial Statements

COOPER-STANDARD HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME

(Unaudited)

(Dollar amounts in thousands except per share amounts)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Sales	$	855,656		$	827,531		$	2,597,457		$	2,488,402
Cost of products sold	690,984			679,083			2,101,000			2,055,124
Gross profit	164,672			148,448			496,457			433,278
Selling, administration & engineering expenses	92,368			79,065			268,498			239,455
Amortization of intangibles	3,457			3,599			9,974			10,819
Restructuring charges	10,430			8,540			33,468			34,809
Other operating loss	—			—			155			—
Operating profit	58,417			57,244			184,362			148,195
Interest expense, net of interest income	(10,114		)	(9,487		)	(29,861		)	(27,912		)
Equity in earnings of affiliates	1,386			911			5,823			4,042
Other (expense) income, net	(518		)	(3,281		)	(8,589		)	9,907
Income before income taxes	49,171			45,387			151,735			134,232
Income tax expense	12,525			12,869			43,312			44,052
Net income	36,646			32,518			108,423			90,180
Net (income) loss attributable to noncontrolling interests	(284		)	214			(549		)	35
Net income attributable to Cooper-Standard Holdings Inc.	$	36,362		$	32,732		$	107,874		$	90,215
Earnings per share:
Basic	$	2.08		$	1.89		$	6.20		$	5.26
Diluted	$	1.94		$	1.78		$	5.77		$	4.92

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

3

COOPER-STANDARD HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

(Dollar amounts in thousands except per share amounts)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Net income	$	36,646		$	32,518		$	108,423		$	90,180
Other comprehensive income (loss):
Currency translation adjustment	2,663			(27,727		)	12,330			(69,600		)
Benefit plan liabilities adjustment, net of tax(1)	(149		)	871			(620		)	5,692
Fair value change of derivatives, net of tax(2)	1,881			(371		)	(605		)	(1,302		)
Other comprehensive income (loss), net of tax	4,395			(27,227		)	11,105			(65,210		)
Comprehensive income	41,041			5,291			119,528			24,970
Comprehensive (income) loss attributable to noncontrolling interests	(266		)	467			(317		)	168
Comprehensive income attributable to Cooper-Standard Holdings Inc.	$	40,775		$	5,758		$	119,211		$	25,138

⁽¹⁾  Other comprehensive income (loss) related to the benefit plan liabilities is net of a tax effect of $(174) and $(211) for the three months ended September 30, 2016 and 2015, respectively, and $(250) and $(755) for the nine months ended September 30, 2016 and 2015, respectively.

⁽²⁾  Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $(676) and $170 for the three months ended September 30, 2016 and 2015, respectively, and $129 and $830 for the nine months ended September 30, 2016 and 2015, respectively.

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

4

COOPER-STANDARD HOLDINGS INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Dollar amounts in thousands except share amounts)

	September 30, 2016			December 31, 2015
	(unaudited)
Assets
Current assets:
Cash and cash equivalents	$	360,429		$	378,243
Accounts receivable, net	505,966			448,119
Tooling receivable	107,068			102,877
Inventories	161,012			149,645
Prepaid expenses	37,998			30,016
Other current assets	82,924			80,581
Total current assets	1,255,397			1,189,481
Property, plant and equipment, net	831,987			765,369
Goodwill	170,794			149,219
Intangibles assets, net	85,948			70,702
Deferred tax assets	44,845			49,299
Other assets	74,333			80,222
Total assets	$	2,463,304		$	2,304,292
Liabilities and Equity
Current liabilities:
Debt payable within one year	$	53,139		$	45,494
Accounts payable	429,357			400,604
Payroll liabilities	129,712			127,609
Accrued liabilities	128,016			107,713
Total current liabilities	740,224			681,420
Long-term debt	726,688			732,418
Pension benefits	172,474			176,525
Postretirement benefits other than pensions	53,992			52,963
Deferred tax liabilities	1,645			4,914
Other liabilities	44,020			41,253
Total liabilities	1,739,043			1,689,493
7% Cumulative participating convertible preferred stock, $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding	—			—
Equity:
Common stock, $0.001 par value, 190,000,000 shares authorized; 19,650,584 shares issued and 17,654,278 shares outstanding as of September 30, 2016, and 19,105,251 shares issued and 17,458,945 outstanding as of December 31, 2015	17			17
Additional paid-in capital	510,387			513,764
Retained earnings	395,178			306,713
Accumulated other comprehensive loss	(205,728		)	(217,065		)
Total Cooper-Standard Holdings Inc. equity	699,854			603,429
Noncontrolling interests	24,407			11,370
Total equity	724,261			614,799
Total liabilities and equity	$	2,463,304		$	2,304,292

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

5

COOPER-STANDARD HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

(Unaudited)

(Dollar amounts in thousands except share amounts)

	Total Equity
	Common Shares		Common Stock		Additional Paid-In Capital			Retained Earnings			Accumulated Other Comprehensive Loss			Cooper-Standard Holdings Inc. Equity			Noncontrolling Interests			Total Equity
Balance as of December 31, 2015	17,458,945		$	17	$	513,764		$	306,713		$	(217,065	)	$	603,429		$	11,370		$	614,799
Cumulative effect of change in accounting principle	—		—		—			(473		)	—			(473		)	—			(473		)
Repurchase of common stock	(350,000	)	—		(8,470		)	(15,330		)	—			(23,800		)	—			(23,800		)
Warrant exercise	318,445		—		2,498			—			—			2,498			—			2,498
Share based compensation, net	226,888		—		2,595			(3,606		)	—			(1,011		)	—			(1,011		)
Consolidation of joint venture	—		—		—			—			—			—			13,300			13,300
Dividends declared to noncontrolling interests	—		—		—			—			—			—			(580		)	(580		)
Net income	—		—		—			107,874			—			107,874			549			108,423
Other comprehensive income (loss)	—		—		—			—			11,337			11,337			(232		)	11,105
Balance as of September 30, 2016	17,654,278		$	17	$	510,387		$	395,178		$	(205,728	)	$	699,854		$	24,407		$	724,261

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

6

COOPER-STANDARD HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(Dollar amounts in thousands)

	Nine Months Ended September 30,
	2016			2015
Operating Activities:
Net income	$	108,423		$	90,180
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	81,725			74,459
Amortization of intangibles	9,974			10,819
Share-based compensation expense	18,533			8,348
Equity in earnings, net of dividends related to earnings	(2,801		)	(2,125		)
Gain on remeasurement of previously held equity interest	—			(14,199		)
Deferred income taxes	295			5,765
Other	1,101			127
Changes in operating assets and liabilities	(35,205		)	(63,401		)
Net cash provided by operating activities	182,045			109,973
Investing activities:
Capital expenditures	(116,788		)	(129,661		)
Acquisition of businesses, net of cash acquired	(37,478		)	(34,396		)
Investment in joint ventures	—			(4,300		)
Cash from consolidation of joint venture	3,395			—
Proceeds from sale of fixed assets	156			4,846
Net cash used in investing activities	(150,715		)	(163,511		)
Financing activities:
Increase in short-term debt, net	1,703			973
Principal payments on long-term debt	(9,787		)	(6,239		)
Purchase of noncontrolling interests	—			(1,262		)
Repurchase of common stock	(23,800		)	—
Proceeds from exercise of warrants	2,498			8,540
Taxes withheld and paid on employees' share based payment awards	(11,979		)	(1,330		)
Other	101			(173		)
Net cash (used in) provided by financing activities	(41,264		)	509
Effects of exchange rate changes on cash and cash equivalents	(7,880		)	17,743
Changes in cash and cash equivalents	(17,814		)	(35,286		)
Cash and cash equivalents at beginning of period	378,243			267,270
Cash and cash equivalents at end of period	$	360,429		$	231,984

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

7

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” or “Cooper Standard”), through its wholly-owned subsidiary, Cooper-Standard Automotive Inc. (“CSA U.S.”), is a leading manufacturer of sealing, fuel and brake delivery, fluid transfer, and anti-vibration systems. 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 U.S. 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, 2015 (the “2015 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. Certain prior period amounts have been reclassified to conform to the current period financial statement presentation. The operating results for the interim period ended September 30, 2016 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.

Recently adopted accounting pronouncements

In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The guidance simplifies several aspects of the accounting for employee share-based payment transactions including the accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as classification of related amounts within the statement of cash flows. The guidance is effective for annual and interim reporting periods beginning after December 15, 2016. Early adoption is permitted, and the Company adopted this guidance during the second quarter of 2016. The provisions related to forfeitures were adopted on a modified retrospective basis to record actual forfeitures as they occur in the Company's condensed consolidated financial statements, and the impact from adoption resulted in a cumulative effect adjustment of $473 to retained earnings. Provisions related to income taxes were adopted prospectively from January 1, 2016, and resulted in a tax benefit of $3,212 for the three months ended June 30, 2016. Provisions related to the statement of cash flows have been adopted prospectively and result in the recognition of excess tax benefits in cash provided by operating activities.

In July 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement - Period Adjustments. This ASU requires an acquirer to recognize adjustments to estimated amounts identified during the measurement period in the reporting period in which the adjustment is determined and not restate prior amounts disclosed. This guidance was effective for annual and interim reporting periods beginning after December 15, 2015. The Company adopted this guidance effective January 1, 2016. The adoption of this ASU did not 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 was effective for annual and interim reporting periods beginning after December 15, 2015. The Company adopted this guidance effective January 1, 2016. The adoption of this ASU had no impact on the Company's condensed consolidated financial statements.

Recently issued accounting pronouncements

In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. The amendments provide guidance on eight specific cash flow issues, thereby reducing diversity in practice. The amendments are effective for annual and interim reporting periods beginning after December 15, 2017. Early adoption is permitted. An entity that elects early adoption must adopt all of the amendments in the same period. The guidance requires companies to use a retrospective transition method upon adoption. The Company is currently evaluating the impact of adopting this guidance on its condensed consolidated financial statements.

In March 2016, the FASB issued ASU 2016-07, Investments - Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting. This guidance eliminates the requirement that an investor retrospectively apply equity method accounting when an investment that it had accounted for by another method initially qualifies for the equity method. The guidance requires that an equity method investor add the cost of acquiring the additional interest to the

8

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

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

current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. This guidance is effective for annual and interim reporting 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 February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The guidance revises existing U.S. GAAP by requiring lessees to recognize assets and liabilities for all leases (with an exception of short-term leases). This guidance is effective for annual and interim reporting periods beginning after December 15, 2018. Early adoption is permitted. The guidance requires companies to use a modified retrospective approach upon adoption. The Company is currently evaluating the impact of adopting this guidance on its condensed consolidated financial statements.

In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory. This ASU requires entities to measure most inventory at the lower of cost and net realizable value rather than at the lower of cost or market. This guidance is effective for annual and interim reporting periods beginning after December 15, 2016. The Company is currently evaluating the impact of adopting this guidance on its 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 and interim reporting periods ending 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. In July 2015, the FASB issued ASU 2015-14, which delays the effective date of this guidance to annual and interim reporting periods beginning after December 15, 2017. Early adoption is permitted as of the original effective date of annual and interim reporting periods beginning after December 15, 2016. 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.

2. Acquisitions

AMI Acquisition

In the third quarter of 2016, the Company acquired the North American fuel and brake business of AMI Industries for cash consideration of $32,000 (the “AMI Acquisition”). This acquisition directly aligns with the Company's growth strategy by expanding the Company's fuel and brake business. The results of operations of the North American fuel and brake business of AMI Industries are included in the Company's condensed consolidated financial statements from the date of acquisition, August 15, 2016, and reported within the North American segment. This acquisition was accounted for as a business combination, with the total purchase price allocated on a preliminary basis using information available, resulting in the recognition of goodwill of $7,175 in the third quarter of 2016. Also in the third quarter of 2016, the Company agreed to purchase the China fuel and brake business of AMI Industries, which is subject to regulatory approval and is expected to close in the first quarter of 2017.

Shenya Acquisition

In the first quarter of 2015, the Company completed the acquisition of an additional 47.5% of Huayu-Cooper Standard Sealing Systems Co. (“Shenya”), increasing its ownership to 95%, for cash consideration of $59,320 of which $34,396 was paid in the nine months ended September 30, 2015. 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. The results of operations of Shenya are included in the Company’s condensed consolidated financial statements from the date of acquisition, February 27, 2015, and reported within the Asia Pacific segment. Prior to the acquisition, the Company held a 47.5% unconsolidated equity interest in Shenya. The estimated fair value of the equity interest at the date of acquisition was $41,378, resulting in a gain of $14,199 recorded in other (expense) income, net for the nine months ended September 30, 2015.

In the second quarter of 2016, the Company acquired a business in furtherance of the Company's Shenya operations. The total purchase price of the acquisition was $5,478, of which the Company made a deposit of $3,020 during the first quarter of 2016 and issued a note payable for $2,458 in the second quarter of 2016, which was subsequently paid during July 2016. The Company recognized $2,972 of goodwill as a result of this acquisition in the second quarter of 2016.

9

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

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

In the third quarter of 2016, the Company obtained control of its 51%-owned joint venture, Shenya Sealing (Guangzhou) Company Limited (“Guangzhou”) through an amendment of the joint venture governing document. This joint venture was previously accounted for as an investment under the equity method. The results of operations of Guangzhou are included in the Company's condensed consolidated financial statements from the date of consolidation, August 4, 2016, and reported within the Asia Pacific segment. Business combination accounting was completed on a preliminary basis using information available, resulting in the recognition of goodwill of $10,869 in the third quarter of 2016. There was no gain or loss recognized on the remeasurement of the Company's equity method investment in Guangzhou for the three months ended September 30, 2016.

3. Goodwill and Intangible Assets

Goodwill

The changes in the carrying amount of goodwill by reportable operating segment for the nine months ended September 30, 2016 are summarized as follows:

	North America		Europe		Asia Pacific			Total
Balance as of December 31, 2015	$	114,109	$	11,056	$	24,054		$	149,219
Acquisition	7,175		—		2,972			10,147
Consolidation of joint venture	—		—		10,869			10,869
Foreign exchange translation	790		384		(615		)	559
Balance as of September 30, 2016	$	122,074	$	11,440	$	37,280		$	170,794

Goodwill is tested for impairment by reporting unit either annually or when events or circumstances indicate that an impairment may exist. There were no indicators of potential impairment during the nine months ended September 30, 2016.

Intangible Assets

The following table presents intangible assets and accumulated amortization balances of the Company as of September 30, 2016 and December 31, 2015, respectively:

	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	135,482	$	(70,075	)	$	65,407
Developed technology	8,971		(8,449		)	522
Other	21,668		(1,649		)	20,019
Balance as of September 30, 2016	$	166,121	$	(80,173	)	$	85,948
Customer relationships	$	115,285	$	(61,375	)	$	53,910
Developed technology	8,854		(7,673		)	1,181
Other	16,290		(679		)	15,611
Balance as of December 31, 2015	$	140,429	$	(69,727	)	$	70,702

In the third quarter of 2016, the Company acquired intangible assets of $19,410 in conjunction with the AMI Acquisition. This consisted of $19,000 related to customer relationships and $410 related to patents with weighted average amortization periods of 11 and 15 years, respectively.

Also in the third quarter of 2016, the Company recorded intangible assets of $6,605 in conjunction with the consolidation of Guangzhou. This consisted of $1,313 related to customer relationships and $5,292 related to land-use right with weighted average amortization periods of approximately 7 and 45 years, respectively.

Amortization expense totaled $3,457 and $3,599 for the three months ended September 30, 2016 and 2015, respectively, and $9,974 and $10,819 for the nine months ended September 30, 2016 and 2015, respectively. Amortization expense is estimated to be approximately $13,600 for the year ending December 31, 2016.

10

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

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

4. Restructuring

On an ongoing basis, the Company evaluates its business and objectives to ensure that it is properly configured and sized based on changing market conditions. Accordingly, the Company has initiated certain restructuring initiatives, including plant rationalizations and targeted workforce reduction efforts, as deemed appropriate.

In addition to previously initiated actions, in January 2015, the Company announced its intention to further restructure its European manufacturing footprint based on the then current and anticipated market demands. The total estimated cost of this initiative, which is expected to be completed in 2017, is approximately $125,000, of which approximately $78,000 has been incurred to date.

The Company previously implemented several other restructuring initiatives, including the closure or consolidation of facilities throughout the world and the reorganization of the Company's operating structure. While substantially complete, the Company continues to incur costs with respect to some of these initiatives, primarily related to the disposal of the respective facilities.

The Company's restructuring charges consist of severance, retention and outplacement services, and severance-related postemployment benefits (collectively, “employee separation costs”), other related exit costs and asset impairments related to restructuring activities.

The following table summarizes the restructuring expense by segment for the three and nine months ended September 30, 2016 and 2015:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
North America	$	306	$	1,342	$	1,661	$	3,062
Europe	9,691		7,134		30,184		31,683
Asia Pacific	433		64		1,623		64
Total	$	10,430	$	8,540	$	33,468	$	34,809

The following table summarizes the activity for restructuring initiatives for the nine months ended September 30, 2016:

	Employee Separation Costs			Other Exit Costs			Total
Balance as of December 31, 2015	$	32,707		$	1,768		$	34,475
Expense	12,345			21,123			33,468
Cash payments	(24,363		)	(21,248		)	(45,611		)
Foreign exchange translation and other	1,251			181			1,432
Balance as of September 30, 2016	$	21,940		$	1,824		$	23,764

5. Inventories

Inventories were comprised of the following as of September 30, 2016 and December 31, 2015:

	September 30, 2016		December 31, 2015
Finished goods	$	41,245	$	43,031
Work in process	36,669		32,863
Raw materials and supplies	83,098		73,751
	$	161,012	$	149,645

11

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

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

6. Debt

Outstanding debt consisted of the following as of September 30, 2016 and December 31, 2015:

	September 30, 2016			December 31, 2015
Term loan	$	725,489		$	729,841
Other borrowings	54,338			48,071
Total debt	$	779,827		$	777,912
Less current portion	(53,139		)	(45,494		)
Total long-term debt	$	726,688		$	732,418

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 then-outstanding Senior Notes and Senior PIK Toggle 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 increased (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 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 (limited to 65% of the capital stock of any foreign subsidiaries), (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 plus an applicable margin of 3.00% or the base rate option (the highest of the Federal Funds rate, plus 0.50%, prime rate, or one-month Eurodollar rate plus 1.00%), plus an applicable margin of 2.00%. The Term Loan Facility matures on April 4, 2021. On April 4, 2014, the aggregate principal amount of $750,000 was fully drawn to extinguish the Senior Notes and the Senior PIK Toggle Notes and to pay related fees and expenses. 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 are amortized into interest expense over the term of the Term Loan Facility. As of September 30, 2016, the principal amount of $733,125 was outstanding. As of September 30, 2016, the Company had $2,411 of unamortized original issue discount and unamortized issuance costs of $5,225.

Senior ABL Facility

On April 4, 2014, CS Intermediate Holdco 1 LLC (“Parent”), CSA U.S. (the “U.S. Borrower”), Cooper-Standard Automotive Canada Limited (the “Canadian Borrower”), Cooper-Standard Automotive International Holdings BV (the “European Borrower” and, together with the U.S. Borrower and Canadian Borrower, the “Borrowers”), and certain subsidiaries of the U.S. Borrower entered into the Second Amended and Restated Loan Agreement (the “Senior ABL Facility”), which amended and restated the then existing senior secured asset based revolving agreement dated May 27, 2010, in order to permit the Term Loan Facility 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 a $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 borrowers and the lenders agree to fund such increase).

On June 11, 2014, the same parties 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 borrowers and the lenders agree to fund such increase). No consent of any lender (other than those participating in the increase) is required to effect any such increase.

As of September 30, 2016, there were no borrowings under the Senior ABL Facility, and subject to borrowing base availability, the Company had $180,000 in availability less outstanding letters of credit of $57,084.

12

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

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

Subsequent Event

On November 2, 2016, CSA U.S. issued $400,000 aggregate principal amount of 5.625% Senior Notes due 2026 (the “Senior Notes”) and amended its existing Senior ABL Facility and Term Loan Facility (the “Debt Refinancing”). The Company used the proceeds of the Senior Notes to repay the non-extended term loan outstanding under the Term Loan Facility and to pay fees and expenses related to the Debt Refinancing. The remaining term loan of $340,000 was extended to November 2023. The Senior ABL Facility was extended to November 2021 and its aggregate revolving loan availability increased to $210,000, subject to borrowing base availability.

7. Pension and Postretirement Benefits other than Pensions

The following tables disclose the components of net periodic benefit (income) cost for the three and nine months ended September 30, 2016 and 2015 for the Company’s defined benefit plans and other postretirement benefit plans:

	Pension Benefits
	Three Months Ended September 30,
	2016						2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	202		$	861		$	232		$	868
Interest cost	3,145			1,267			3,084			1,261
Expected return on plan assets	(3,959		)	(788		)	(4,421		)	(830		)
Amortization of prior service cost and actuarial loss	429			555			276			665
Other	—			—			—			114
Net periodic benefit (income) cost	$	(183	)	$	1,895		$	(829	)	$	2,078
	Pension Benefits
	Nine Months Ended September 30,
	2016						2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	606		$	2,575		$	696		$	2,633
Interest cost	9,435			3,805			9,252			3,845
Expected return on plan assets	(11,877		)	(2,367		)	(13,263		)	(2,559		)
Amortization of prior service cost and actuarial loss	1,287			1,664			828			2,012
Other	—			—			—			355
Net periodic benefit (income) cost	$	(549	)	$	5,677		$	(2,487	)	$	6,286

13

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

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

	Other Postretirement Benefits
	Three Months Ended September 30,
	2016						2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	90		$	94		$	109		$	93
Interest cost	346			172			353			165
Amortization of prior service credit and actuarial gain	(507		)	(16		)	(396		)	(5		)
Other	1			—			6			—
Net periodic benefit (income) cost	$	(70	)	$	250		$	72		$	253
	Other Postretirement Benefits
	Nine Months Ended September 30,
	2016						2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	270		$	280		$	327		$	290
Interest cost	1,038			510			1,059			516
Amortization of prior service credit and actuarial gain	(1,521		)	(47		)	(1,188		)	(15		)
Other	3			—			18			—
Net periodic benefit (income) cost	$	(210	)	$	743		$	216		$	791

The Company made a discretionary contribution of $6,378 to its U.S. pension plan in the three months ended September 30, 2016.

8. Income Taxes

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

The effective tax rate for the three and nine months ended September 30, 2016 was 25% and 29%, respectively. The effective tax rate for the three and nine months ended September 30, 2015 was 28% and 33%, respectively. The effective tax rate for the three and nine months ended September 30, 2016 compared to the three and nine months ended September 30, 2015 was lower primarily due to the tax benefits related to the U.S. research tax credit and the early adoption of ASU 2016-09 related to share-based compensation reflected in the 2016 effective tax rate which was not statutory in the three and nine months ended September 30, 2015. The income tax rate for the three and nine months ended September 30, 2016 varies from statutory rates primarily due to the impact of income taxes on foreign earnings taxed at rates lower than the U.S. statutory rate, the inability to record a tax benefit for pre-tax losses in certain foreign jurisdictions to the extent not offset by other categories of income, tax credits, income tax incentives, excess tax benefits related to share-based compensation, 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.

14

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

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

9. Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component for the three and nine months ended September 30, 2016 and 2015, net of related tax, are as follows:

	Three Months Ended September 30, 2016
	Cumulative currency translation adjustment				Benefit plan liabilities				Fair value change of derivatives				Total
Balance as of June 30, 2016	$	(120,780	)		$	(84,595	)		$	(4,766	)		$	(210,141	)
Other comprehensive income (loss) before reclassifications	2,681			(1)	(497		)		828				3,012
Amounts reclassified from accumulated other comprehensive income (loss)	—				348			(2)	1,053			(3)	1,401
Balance as of September 30, 2016	$	(118,099	)		$	(84,744	)		$	(2,885	)		$	(205,728	)

(1) Includes $511 of other comprehensive income related to intra-entity foreign currency balances that are of a long-term investment nature.

(2) Includes actuarial losses of $555, offset by prior service credits of $79, net of tax of $128. See Note 7.

(3) Includes losses related to the interest rate swap of $803 included in interest expense, net of interest income, and losses related to foreign exchange contracts of $769 included in cost of products sold, net of tax of $519.

	Three Months Ended September 30, 2015
	Cumulative currency translation adjustment				Benefit plan liabilities				Fair value change of derivatives				Total
Balance as of June 30, 2015	$	(92,364	)		$	(82,040	)		$	(2,942	)		$	(177,346	)
Other comprehensive income (loss) before reclassifications	(27,474		)	(1)	481				(784		)		(27,777		)
Amounts reclassified from accumulated other comprehensive income (loss)	—				390			(2)	413			(3)	803
Balance as of September 30, 2015	$	(119,838	)		$	(81,169	)		$	(3,313	)		$	(204,320	)

(1) Includes $4,332 of other comprehensive loss related to intra-entity foreign currency balances that are of a long-term investment nature.

(2) Includes actuarial losses of $606, offset by prior service credits of $72, net of tax of $144. See Note 7.

(3) Includes losses related to foreign exchange contracts of $635 included in cost of products sold, net of tax of $222.

	Nine Months Ended September 30, 2016
	Cumulative currency translation adjustment				Benefit plan liabilities				Fair value change of derivatives				Total
Balance as of December 31, 2015	$	(130,661	)		$	(84,124	)		$	(2,280	)		$	(217,065	)
Other comprehensive income (loss) before reclassifications	12,562			(1)	(1,638		)		(3,803		)		7,121
Amounts reclassified from accumulated other comprehensive income (loss)	—				1,018			(2)	3,198			(3)	4,216
Balance as of September 30, 2016	$	(118,099	)		$	(84,744	)		$	(2,885	)		$	(205,728	)

(1) Includes $9,699 of other comprehensive income related to intra-entity foreign currency balances that are of a long-term investment nature.

(2) Includes actuarial losses of $1,636, offset by prior service credits of $246, net of tax of $372. See Note 7.

(3) Includes losses related to the interest rate swap of $2,393 included in interest expense, net of interest income, and losses related to foreign exchange contracts of $2,380 included in cost of products sold, net of tax of $1,575.

15

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

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

	Nine Months Ended September 30, 2015
	Cumulative currency translation adjustment				Benefit plan liabilities				Fair value change of derivatives				Total
Balance as of December 31, 2014	$	(50,371	)		$	(86,861	)		$	(2,011	)		$	(139,243	)
Other comprehensive income (loss) before reclassifications	(67,858		)	(1)	4,502				(1,903		)		(65,259		)
Amounts reclassified from accumulated other comprehensive income (loss)	(1,609		)	(2)	1,190			(3)	601			(4)	182
Balance as of September 30, 2015	$	(119,838	)		$	(81,169	)		$	(3,313	)		$	(204,320	)

(1) Includes $18,265 of other comprehensive loss related to intra-entity foreign currency balances that are of a long-term investment nature.

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

(3) Includes actuarial losses of $1,871, offset by prior service credits of $244, net of tax of $437. See Note 7.

(4) Includes losses related to foreign exchange contracts of $925 included in cost of products sold, net of tax of $324.

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. 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 September 30,					Nine Months Ended September 30,
	2016		2015			2016		2015
Net income attributable to Cooper-Standard Holdings Inc.	$	36,362	$	32,732		$	107,874	$	90,215
Increase (decrease) in fair value of share-based awards	37		(17		)	49		—
Diluted net income available to Cooper-Standard Holdings Inc. common stockholders	$	36,399	$	32,715		$	107,923	$	90,215
Basic weighted average shares of common stock outstanding	17,469,156		17,294,155			17,388,541		17,137,331
Dilutive effect of common stock equivalents	1,291,507		1,135,858			1,315,037		1,190,579
Diluted weighted average shares of common stock outstanding	18,760,663		18,430,013			18,703,578		18,327,910
Basic net income per share attributable to Cooper-Standard Holdings Inc.	$	2.08	$	1.89		$	6.20	$	5.26
Diluted net income per share attributable to Cooper-Standard Holdings Inc.	$	1.94	$	1.78		$	5.77	$	4.92

16

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

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

The effect of certain common share 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 September 30,		Nine Months Ended September 30,
	2016	2015	2016	2015
Number of options	—	145,900	—	145,900
Exercise price	—	$64.74-70.20	—	$64.74-70.20

11. Share-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 $7,640 and $3,384 for the three months ended September 30, 2016 and 2015, respectively, and $18,533 and $8,348 for the nine months ended September 30, 2016 and 2015, respectively.

12. Common Stock

In March 2016, certain selling stockholders affiliated with Silver Point Capital, L.P., Oak Hill Advisors, L.P. and Capital World Investors (the “Selling Stockholders”) sold 2,278,031 shares, including overallotments, of the Company’s common stock at a public offering price of $68.00 per share, in a secondary public offering. Of the 2,278,031 shares sold in the offering, 350,000 shares were purchased by the Company for $23,800. The Company paid the underwriting discounts and commissions payable on the shares sold by the Selling Stockholders, excluding the shares the Company repurchased, resulting in $5,900 of fees incurred for the nine months ended September 30, 2016, which is included in other (expense) income, net in the condensed consolidated statement of net income. The Company also incurred approximately $600 of other expenses related to legal and audit services for the nine months ended September 30, 2016, which is included in selling, administration & engineering expenses in the condensed consolidated statement of net income. The Company did not sell or receive any proceeds from the sales of shares by the Selling Stockholders.

13. Other (Expense) Income, Net

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Gain on remeasurement of previously held equity interest	$	—		$	—		$	—		$	14,199
Foreign currency losses	(331		)	(3,049		)	(2,035		)	(3,482		)
Secondary offering underwriting fees	—			—			(5,900		)	—
Loss on sale of receivables	(207		)	(232		)	(674		)	(810		)
Miscellaneous income	20			—			20			—
Other (expense) income, net	$	(518	)	$	(3,281	)	$	(8,589	)	$	9,907

14. Related Party Transactions

Sales to Nishikawa Cooper, LLC (“NISCO”), a 40%-owned joint venture accounted for as an investment under the equity method, totaled $9,029 and $9,619 for the three months ended September 30, 2016 and 2015, respectively, and $26,027 and $27,756 for the nine months ended September 30, 2016 and 2015, respectively. During the nine months ended September 30, 2016 and 2015, the Company received from NISCO a dividend of $1,880 and $680, respectively, all of which was related to earnings.

In March 2016, as part of the secondary offering, the Company paid $5,900 of fees incurred on behalf of the Selling Stockholders (see Note 12. “Common Stock”).

17

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

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

15. Fair Value Measurements and Financial Instruments

Fair Value Measurements

Fair value is defined as 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, a three-tier fair value hierarchy is utilized, 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.

Items Measured at Fair Value on a Recurring Basis

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 September 30, 2016 and December 31, 2015, are shown below:

	September 30, 2016			December 31, 2015			Input
Forward foreign exchange contracts - other current assets	$	355		$	900		Level 2
Forward foreign exchange contracts - accrued liabilities	(507		)	(79		)	Level 2
Interest rate swaps - other current assets	35			32			Level 2
Interest rate swaps - other assets	46			38			Level 2
Interest rate swaps - accrued liabilities	(2,973		)	(2,991		)	Level 2
Interest rate swaps - other liabilities	(1,499		)	(1,739		)	Level 2

Items Measured at Fair Value on a Nonrecurring 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 nonrecurring basis, which are not included in the table above. As these nonrecurring 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 nonrecurring basis see Note 2. “Acquisitions” and Note 4. “Restructuring.”

Items Not Carried At Fair Value

Fair values of the Term Loan Facility approximated $728,209 and $714,332 as of September 30, 2016 and December 31, 2015, respectively, based on quoted market prices, compared to the recorded value of $725,489 and $729,841 as of September 30, 2016 and December 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 forwards and swap contracts, to manage its exposures to fluctuations in foreign exchange and interest rates. For a fair value hedge, both the effective and ineffective, if significant, portions are recorded in earnings and reflected in the condensed consolidated statements of net income. For a cash flow hedge, the effective portion of the change in the fair value of the derivative is recorded in accumulated other comprehensive loss in the 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 net income on the same line as the gain or loss on the hedged item attributable to the hedged risk.

The Company formally documents its hedge relationships, including the identification of the hedging instruments and the hedged items, as well as its risk management objectives and strategies for undertaking the cash flow hedges. The Company

18

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

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

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 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 uses forward contracts 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. The principal currencies hedged by the Company include various European currencies, the Canadian Dollar, the Mexican Peso, and the Brazilian Real. As of September 30, 2016, the notional amount of these contracts was $62,247. The amount reclassified from accumulated other comprehensive loss into cost of products sold was $769 and $2,380 for the three and nine months ended September 30, 2016, respectively. These foreign currency derivative contracts consist of hedges of transactions up to June 2017.

Interest rate swaps - 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 September 30, 2016, 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 reclassified from accumulated other comprehensive loss into interest expense, net of interest income was $803 and $2,393 for the three and nine months ended September 30, 2016, respectively. The amount to be reclassified in the next twelve months is expected to be approximately $2,937.

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.

As of September 30, 2016 and December 31, 2015, the Company had $66,901 and $63,473, respectively, outstanding under receivable transfer agreements without recourse entered into by various locations. The total amount of accounts receivable factored without recourse was $188,934 and $207,432 for the nine months ended September 30, 2016 and 2015, respectively. Costs incurred on the sale of receivables were $391 and $468 for the three months ended September 30, 2016 and 2015, respectively, and $1,286 and $1,658 for the nine months ended September 30, 2016 and 2015, respectively. These amounts are recorded in other (expense) income, net and interest expense, net of interest income in the condensed consolidated statements of net income.

As of September 30, 2016 and December 31, 2015, the Company had $6,297 and $3,433, 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 with recourse was $46,610 and $27,383 for the nine months ended September 30, 2016 and 2015, respectively. Costs incurred on the sale of receivables were $55 and $38 for the three months ended September 30, 2016 and 2015, respectively, and $185 and $115 for the nine months ended September 30, 2016 and 2015, respectively. These amounts are recorded in other (expense) income, net and interest expense, net of interest income in the condensed consolidated statements of net income.

17. Commitments and Contingencies

The Company is periodically involved in claims, litigation and various legal matters that arise in the ordinary course of business. In addition, the Company conducts and monitors environmental investigations and remedial actions at certain locations. The Company accrues 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 September 30, 2016, the Company does not believe that there is a reasonable possibility that any material loss exceeding the amounts already recognized for litigation claims and matters, if any, has been incurred. However, the ultimate resolutions of these proceedings and matters are inherently unpredictable. As such, the Company's 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.

19

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

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

On March 30, 2016, a putative class action complaint alleging conspiracy to fix the price of body sealing products used in automobiles and other light-duty vehicles was filed in Ontario against numerous automotive suppliers, including Cooper-Standard Holdings Inc., CSA U.S. and Cooper-Standard Automotive Canada Limited (“CS Defendants”) and Nishikawa Cooper LLC, a joint venture in which the Company holds a 40% interest. Plaintiffs purport to be indirect purchasers of body sealing products supplied by the CS Defendants and/or the other defendants during the relevant period. The plaintiffs seek recovery of damages against all defendants in an amount to be determined, punitive damages, as well as pre-judgment and post-judgment interest and related costs and expenses of the litigation. The Company believes the claims asserted against the CS Defendants are without merit and intends to vigorously defend against these claims. Further, the Company does not believe that there is a material loss that is probable and reasonably estimable related to these claims.

20

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)

(Unaudited)

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

18. Business Segments

The Company has determined that it operates in four reportable segments, North America, Europe, Asia Pacific and South America. The Company’s principal products within each of these segments are sealing, fuel and brake delivery, fluid transfer 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 September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Sales to external customers
North America	$	450,795		$	456,352		$	1,361,183		$	1,327,262
Europe	242,773			247,275			794,411			784,387
Asia Pacific	137,174			102,080			380,483			299,619
South America	24,914			21,824			61,380			77,134
Consolidated	$	855,656		$	827,531		$	2,597,457		$	2,488,402
Intersegment sales
North America	$	3,409		$	3,037		$	9,908		$	10,933
Europe	3,600			3,103			10,081			8,523
Asia Pacific	1,426			2,196			3,925			5,032
South America	1			28			5			45
Eliminations	(8,436		)	(8,364		)	(23,919		)	(24,533		)
Consolidated	$	—		$	—		$	—		$	—
Segment profit (loss)
North America	$	55,031		$	58,327		$	169,857		$	156,978
Europe	(5,632		)	(4,766		)	(7,510		)	(6,377		)
Asia Pacific	3,037			(690		)	6,073			3,745
South America	(3,265		)	(7,484		)	(16,685		)	(20,114		)
Consolidated	$	49,171		$	45,387		$	151,735		$	134,232

	September 30, 2016		December 31, 2015
Segment assets
North America	$	956,265	$	864,647
Europe	708,615		631,309
Asia Pacific	575,745		508,704
South America	47,708		39,117
Eliminations and other	174,971		260,515
Consolidated	$	2,463,304	$	2,304,292

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

This Management’s Discussion and Analysis of Financial Condition and Results of Operations presents information related to the condensed consolidated results of operations of the Company, including the impact of restructuring costs on the Company’s results, a discussion of the past results and future outlook of each of the Company’s segments, and information concerning both the liquidity and capital resources of the Company. The following discussion and analysis, which should be read in conjunction with our condensed consolidated financial statements and the notes included elsewhere in this report, contains certain forward-looking statements relating to anticipated future financial condition and operating results of the Company and its current business plans. In the future, the financial condition and operating results of the Company could differ materially from those discussed herein and its current business plans could be altered in response to market conditions and other factors beyond the Company’s control. Important factors that could cause or contribute to such differences or changes include those discussed elsewhere in this report (see “Forward-Looking Statements” below) and in our 2015 Annual Report (see Item 1A. Risk Factors).

Business Environment and Outlook

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

The global automotive industry remains susceptible to uncertain economic conditions that could adversely impact new vehicle demand. With relative stability in the U.S. economy and indications of improvement in the European economy, global economic sentiment nonetheless remains cautious given continued geopolitical uncertainty, oil supply and demand issues, and fluctuating foreign exchange rates. Ongoing volatility with economic conditions in Brazil and a recent slowing in the pace of economic growth in China, continue to impact light vehicle production volumes.

Details on light vehicle production in certain regions for the three and nine months ended September 30, 2016 and 2015 are provided in the following table:

	Three Months Ended September 30,			Nine Months Ended September 30,
(In millions of units)	2016(1)	2015(1)	% Change	2016(1)	2015(1)	% Change
North America	4.5	4.4	2.0%	13.5	13.2	2.7%
Europe	4.7	4.8	(1.8)%	16.1	15.7	2.6%
Asia Pacific(2)	11.2	10.1	11.0%	34.4	32.6	5.4%
South America	0.7	0.8	(10.5)%	2.0	2.4	(16.2)%

(1) Production data based on IHS Automotive, October 2016.

(2) Includes China units of 6.0 and 4.8 for the three months ended September 30, 2016 and 2015, respectively, and 18.4 and 16.5 for the nine months ended September 30, 2016 and 2015, respectively.

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.

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.

Consolidations and market share shifts among vehicle manufacturers continue to put additional pressures on the supply chain. Pricing and market pressures will continue to drive our focus on reducing our overall cost structure through continuous improvement initiatives, capital redeployment, restructuring and other cost management processes.

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Results of Operations

	Three Months Ended September 30,									Nine Months Ended September 30,
	2016			2015			Change			2016			2015			Change
	(dollar amounts in thousands)
Sales	$	855,656		$	827,531		$	28,125		$	2,597,457		$	2,488,402		$	109,055
Cost of products sold	690,984			679,083			11,901			2,101,000			2,055,124			45,876
Gross profit	164,672			148,448			16,224			496,457			433,278			63,179
Selling, administration & engineering expenses	92,368			79,065			13,303			268,498			239,455			29,043
Amortization of intangibles	3,457			3,599			(142		)	9,974			10,819			(845		)
Restructuring charges	10,430			8,540			1,890			33,468			34,809			(1,341		)
Other operating loss	—			—			—			155			—			155
Operating profit	58,417			57,244			1,173			184,362			148,195			36,167
Interest expense, net of interest income	(10,114		)	(9,487		)	(627		)	(29,861		)	(27,912		)	(1,949		)
Equity in earnings of affiliates	1,386			911			475			5,823			4,042			1,781
Other (expense) income, net	(518		)	(3,281		)	2,763			(8,589		)	9,907			(18,496		)
Income before income taxes	49,171			45,387			3,784			151,735			134,232			17,503
Income tax expense	12,525			12,869			(344		)	43,312			44,052			(740		)
Net income	36,646			32,518			4,128			108,423			90,180			18,243
Net (income) loss attributable to noncontrolling interests	(284		)	214			(498		)	(549		)	35			(584		)
Net income attributable to Cooper-Standard Holdings Inc.	$	36,362		$	32,732		$	3,630		$	107,874		$	90,215		$	17,659

Three Months Ended September 30, 2016 Compared with Three Months Ended September 30, 2015

Sales. Sales for the three months ended September 30, 2016increased$28.1 million, or 3.4%, compared to the three months ended September 30, 2015, primarily due to improved volume and product mix in both North America and Asia Pacific, the AMI Acquisition and consolidation of a previously unconsolidated joint venture, partially offset by unfavorable foreign exchange of $5.5 million, the divestiture of our hard coat plastic exterior trim business, decreased volumes in Europe and customer price reductions.

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 for the three months ended September 30, 2016increased$11.9 million, or 1.8%, compared to the three months ended September 30, 2015. Materials comprise the largest component of our cost of products sold and represented approximately 50% and 51% of the total cost of products sold for each of the three months ended September 30, 2016 and 2015, respectively. Cost of sales was impacted by higher production volumes in North America and Asia Pacific. These items were partially offset by decreased volumes in Europe and South America, the divestiture of our hard coat plastic exterior trim business and continuous improvement savings.

Gross Profit. Gross profit for the three months ended September 30, 2016increased$16.2 million, or 10.9%, compared to the three months ended September 30, 2015. As a percentage of sales, gross profit was 19.2% and 17.9% for the three months ended September 30, 2016 and 2015, respectively. The increase in gross profit was driven primarily by continuous improvement and material cost savings and improved volume and mix in North America and Asia Pacific. These items were partially offset by customer price reductions and decreased volumes in Europe.

Selling, Administration and Engineering. Selling, administration and engineering expense for the three months ended September 30, 2016 was $92.4 million, or 10.8% of sales, compared to $79.1 million, or 9.6% of sales, for the three months ended September 30, 2015. Selling, administration and engineering expense for the three months ended September 30, 2016 was impacted primarily by higher compensation-related costs, as well as investments to support growth.

Restructuring. Restructuring charges for the three months ended September 30, 2016increased$1.9 million compared to the three months ended September 30, 2015. Restructuring charges consisted primarily of expenses incurred related to our European restructuring initiative.

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Interest Expense, Net. Net interest expense for the three months ended September 30, 2016increased$0.6 million compared to the three months ended September 30, 2015, which resulted primarily from interest and debt issuance cost amortization recorded on the Term Loan Facility.

Other (Expense) Income, Net.Other expense for the three months ended September 30, 2016 was $0.5 million, consisting primarily of foreign currency losses of $0.3 million and losses on sales of receivables of $0.2 million. Other expense for the three months ended September 30, 2015 was $3.3 million, which consisted of $3.1 million of foreign currency losses and $0.2 millionlosses on sales of receivables.

Income Tax Expense. Income tax expense for the three months ended September 30, 2016 was $12.5 million on earnings before income taxes of $49.2 million. This compares to income tax expense of $12.9 million on earnings before income taxes of $45.4 million for the same period of 2015. The effective tax rate for the three months ended September 30, 2016 compared to the three months ended September 30, 2015 was lower primarily due to the tax benefits related to the US research tax credit and the early adoption of ASU 2016-09 related to share-based compensation reflected in the 2016 effective tax rate which was not statutory in the three months ended September 30, 2015. The income tax rate for the three months ended September 30, 2016 varied from statutory rates due primarily to the impact of income taxes on foreign earnings taxed at rates lower than the U.S. statutory rate, the inability to record a tax benefit for pre-tax losses in certain foreign jurisdictions to the extent not offset by other categories of income, tax credits, income tax incentives, excess tax benefits related to stock based compensation, 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.

Nine Months Ended September 30, 2016 Compared with Nine Months Ended September 30, 2015

Sales. Sales for the nine months ended September 30, 2016increased$109.1 million, or 4.4%, compared to the nine months ended September 30, 2015, primarily due to improved volume and product mix in North America, Europe and Asia Pacific, as well as our recent acquisitions and consolidation of a previously unconsolidated joint venture, partially offset by unfavorable foreign exchange of $44.8 million, the divestiture of our hard coat plastic exterior trim business, decreased volumes in South America, and customer price reductions.

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 for the nine months ended September 30, 2016 compared to the nine months ended September 30, 2015, increased$45.9 million, or 2.2%, compared to the nine months ended September 30, 2015. Materials comprise the largest component of our cost of products sold and represented approximately 50% of the total cost of products sold for each of the nine months ended September 30, 2016 and 2015. Cost of sales was impacted by higher production volumes in North America, Europe and Asia Pacific, as well as our recent acquisitions. These items were partially offset by decreased volumes in South America, the divestiture of our hard coat plastic exterior trim business and continuous improvement savings.

Gross Profit. Gross profit for the nine months ended September 30, 2016increased$63.2 million, or 14.6% compared to the nine months ended September 30, 2015. As a percentage of sales, gross profit was 19.1% and 17.4% for the nine months ended September 30, 2016 and 2015, respectively. The increase in gross profit was driven primarily by continuous improvement and material cost savings, improved volume and product mix in North America, Europe and Asia Pacific, and our recent acquisitions. These items were partially offset by unfavorable foreign exchange, customer price reductions and decreased volumes in South America.

Selling, Administration and Engineering. Selling, administration and engineering expense for the nine months ended September 30, 2016 was $268.5 million, or 10.3% of sales, compared to $239.5 million, or 9.6% of sales, for the nine months ended September 30, 2015. Selling, administration and engineering expense for the nine months ended September 30, 2016 was impacted primarily by higher compensation-related costs, as well as investments to support growth.

Restructuring. Restructuring charges for the nine months ended September 30, 2016decreased$1.3 million compared to the nine months ended September 30, 2015. Restructuring charges consisted primarily of expenses incurred related to our European restructuring initiative.

Interest Expense, Net. Net interest expense for the nine months ended September 30, 2016increased$1.9 million compared to the nine months ended September 30, 2015, which resulted primarily from interest and debt issuance cost amortization recorded on the Term Loan Facility.

Other (Expense) Income, Net.Other expense for the nine months ended September 30, 2016 was $8.6 million, consisting of secondary offering underwriting fees of $5.9 million, foreign currency losses of $2.0 million, and losses on sales of receivables of $0.7 million. Other income for the nine months ended September 30, 2015 was $9.9 million, which consisted of

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the gain from the remeasurement of our previously held equity interest in Shenya of $14.2 million, partially offset by $3.5 million of foreign currency losses and $0.8 millionlosses on sales of receivables.

Income Tax Expense. Income tax expense for the nine months ended September 30, 2016 was $43.3 million on earnings before income taxes of $151.7 million. This compares to income tax expense of $44.1 million on earnings before income taxes of $134.2 million for the same period of 2015. The effective tax rate for the nine months ended September 30, 2016 compared to the nine months ended September 30, 2015 was lower primarily due to the tax benefits related to the US research tax credit and the early adoption of an ASU related to share-based compensation reflected in the 2016 effective tax rate which was not statutory in the nine months ended September 30, 2016. The income tax rate for the nine months ended September 30, 2016 varied from statutory rates due primarily to the impact of income taxes on foreign earnings taxed at rates lower than the U.S. statutory rate, the inability to record a tax benefit for pre-tax losses in certain foreign jurisdictions to the extent not offset by other categories of income, tax credits, income tax incentives, excess tax benefits related to stock based compensation, 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.

Segment Results of Operations

The following table presents sales and segment profit (loss) for each of the reportable segments for the three and nine months ended September 30, 2016 and 2015:

	Three Months Ended September 30,									Nine Months Ended September 30,
	2016			2015			Change			2016			2015			Change
	(dollar amounts in thousands)
Sales to external customers
North America	$	450,795		$	456,352		$	(5,557	)	$	1,361,183		$	1,327,262		$	33,921
Europe	242,773			247,275			(4,502		)	794,411			784,387			10,024
Asia Pacific	137,174			102,080			35,094			380,483			299,619			80,864
South America	24,914			21,824			3,090			61,380			77,134			(15,754		)
Consolidated	$	855,656		$	827,531		$	28,125		$	2,597,457		$	2,488,402		$	109,055
Segment profit (loss)
North America	$	55,031		$	58,327		$	(3,296	)	$	169,857		$	156,978		$	12,879
Europe	(5,632		)	(4,766		)	(866		)	(7,510		)	(6,377		)	(1,133		)
Asia Pacific	3,037			(690		)	3,727			6,073			3,745			2,328
South America	(3,265		)	(7,484		)	4,219			(16,685		)	(20,114		)	3,429
Consolidated	$	49,171		$	45,387		$	3,784		$	151,735		$	134,232		$	17,503

Three Months Ended September 30, 2016 Compared with Three Months Ended September 30, 2015

North America. Sales for the three months ended September 30, 2016decreased$5.6 million, or 1.2%, compared to the three months ended September 30, 2015, primarily due to the divestiture of our hard coat plastic exterior trim business, customer price reductions and unfavorable foreign exchange of $1.9 million, partially offset by an improvement in volume and product mix and the acquisition of AMI Industries' fuel and brake business. Segment profit for the three months ended September 30, 2016decreased by $3.3 million, primarily due to customer price reductions and higher compensation-related costs, partially offset by the favorable impact of continuous improvement, material cost savings and an improvement in volume and product mix.

Europe. Sales for the three months ended September 30, 2016decreased$4.5 million, or 1.8%, compared to the three months ended September 30, 2015, primarily due to a decrease in volume and product mix and customer price reductions, partially offset by favorable foreign exchange of $0.6 million. Segment loss for the three months ended September 30, 2016 increased by $0.9 million, primarily due to planned restructuring, a decrease in volume and product mix and customer price reductions, partially offset by the favorable impact of continuous improvement and material cost savings.

Asia Pacific. Sales for the three months ended September 30, 2016increased$35.1 million, or 34.4%, compared to the three months ended September 30, 2015, primarily due to improved volume and product mix and consolidation of a previously unconsolidated joint venture, partially offset by unfavorable foreign exchange of $6.2 million. Segment profit for the three

25

months ended September 30, 2016increased by $3.7 million primarily driven by the favorable impact of continuous improvement, material cost savings and an improvement in volume and product mix.

South America. Sales for the three months ended September 30, 2016increased$3.1 million, or 14.2%, compared to the three months ended September 30, 2015, primarily due to favorable foreign exchange of $2.0 million. Segment loss for the three months ended September 30, 2016 improved by $4.2 million primarily due to price and material cost savings.

Nine Months Ended September 30, 2016 Compared with Nine Months Ended September 30, 2015

North America. Sales for the nine months ended September 30, 2016increased$33.9 million, or 2.6%, compared to the nine months ended September 30, 2015, primarily due to an improvement in volume and product mix and the acquisition of AMI Industries' fuel and brake business, partially offset by unfavorable foreign exchange of $21.1 million, the divestiture of our hard coat plastic exterior trim business and customer price reductions. Segment profit for the nine months ended September 30, 2016increased by $12.9 million, primarily due to the favorable impact of continuous improvement, material cost savings and an improvement in volume and product mix, partially offset by customer price reductions and higher compensation-related costs.

Europe. Sales for the nine months ended September 30, 2016increased$10.0 million, or 1.3%, compared to the nine months ended September 30, 2015, primarily due to an improvement in volume and product mix and favorable foreign exchange of $1.1 million, partially offset by customer price reductions. Segment loss for the nine months ended September 30, 2016 increased by $1.1 million, primarily due to customer price reductions and the non-recurrence of a $14.2 million gain on remeasurement of a previously held equity interest in Shenya recognized in the second quarter of 2015 as the legal ownership was held by one of our European entities, partially offset by the favorable impact of continuous improvement, material cost savings and an improvement in volume and product mix.

Asia Pacific. Sales for the nine months ended September 30, 2016increased$80.9 million, or 27.0%, compared to the nine months ended September 30, 2015, primarily due to improved volume and product mix, our recent acquisitions and consolidation of a previously unconsolidated joint venture, partially offset by unfavorable foreign exchange of $17.8 million. Segment profit for the nine months ended September 30, 2016increased by $2.3 million primarily due to our recent acquisitions, an improvement in volume and product mix, the impact of continuous improvement and material cost savings, partially offset by increased interest expense as a result of expansion in the region.

South America. Sales for the nine months ended September 30, 2016decreased$15.8 million, or 20.4%, compared to the nine months ended September 30, 2015, primarily due to a decrease in volumes and unfavorable foreign exchange of $7.0 million. Segment loss for the nine months ended September 30, 2016 improved by $3.4 million primarily due to price and material cost savings, partially offset by decreased volumes.

Liquidity and Capital Resources

Short and Long-Term Liquidity Considerations and Risks

We intend to fund our ongoing working capital, capital expenditures, debt service and other funding requirements through a combination of cash flows from operations, cash on hand, borrowings under our Senior ABL Facility and receivables factoring. We anticipate that these funding sources will be sufficient to meet our needs 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. 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.

On November 2, 2016, CSA U.S. issued $400,000 aggregate principal amount of 5.625% Senior Notes due 2026 (the “Senior Notes”) and amended its existing Senior ABL Facility and Term Loan Facility (the “Debt Refinancing”). We used the proceeds of the Senior Notes to repay the non-extended term loan outstanding under the Term Loan Facility and to pay fees and expenses related to the Debt Refinancing. The remaining term loan of $340,000 was extended to November 2023. The Senior ABL Facility was extended to November 2021 and its aggregate revolving loan availability increased to $210,000, subject to borrowing base availability.

Cash Flows

Operating Activities. Net cash provided by operations was $182.0 million for the nine months ended September 30, 2016, which consisted primarily of positive cash provided from increased cash earnings, partially offset by $35.2 million of net cash used that related to changes in operating assets and liabilities. The changes in operating assets and liabilities were primarily a

26

result of increased accounts receivables, partially offset by increased accounts payable. Net cash provided by operations was $110.0 million for the nine months ended September 30, 2015, which included $63.4 million of cash used that related to changes in operating assets and liabilities.

Investing Activities. Net cash used in investing activities was $150.7 million for the nine months ended September 30, 2016, which consisted primarily of $116.8 million of capital spending and $37.5 million for the acquisition of businesses, partially offset by the cash received from the consolidation of a joint venture. Net cash used in investing activities was $163.5 million for the nine months ended September 30, 2015, which consisted primarily of $129.7 million of capital spending and $34.4 million for the Shenya acquisition and $4.3 million for investment in joint ventures, offset by proceeds of $4.8 million for the sale of fixed assets and other. We anticipate that we will spend approximately $155 million to $165 million on capital expenditures in 2016.

Financing Activities. Net cash used in financing activities totaled $41.3 million for the nine months ended September 30, 2016, which consisted primarily of $23.8 million for the repurchase of common stock in conjunction with the secondary offering, payments on long-term debt of $9.8 million, and taxes withheld and paid on employees' share based awards of $12.0 million, partially offset by $2.5 million proceeds from the exercise of stock warrants and an increase in short term debt of $1.7 million. Net cash provided by financing activities totaled $0.5 million for the nine months ended September 30, 2015, which consisted primarily of $8.5 million related to the exercise of stock warrants and an increase in short term debt of $1.0 million, partially offset by payments on long-term debt of $6.2 million, taxes withheld and paid on employees' share based awards of $1.3 million, and the purchase of noncontrolling interests of $1.3 million.

Non-GAAP Financial Measures

In evaluating our business, management considers EBITDA and Adjusted EBITDA to be 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 plus income tax expense, 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, and non-cash stock based compensation.

We calculate EBITDA and Adjusted EBITDA by adjusting net income to eliminate the impact of items we do not consider indicative of our ongoing operating performance. 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 as a supplement to, and not as alternatives for, net income, operating income, or any other performance measure derived in accordance with U.S. GAAP, nor as an alternative to cash flow from operating activities as a measure of our liquidity. EBITDA and Adjusted EBITDA have limitations as analytical tools, and they should not be considered in isolation or as substitutes for analysis of our results of operations as reported under U.S. GAAP. These limitations include:

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

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

• they do not reflect interest expense or cash requirements necessary to service interest or principal payments under our Term Loan 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

27

• 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 items.

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
	(dollar amounts in thousands)
Net income attributable to Cooper-Standard Holdings Inc.	$	36,362	$	32,732	$	107,874	$	90,215
Income tax expense	12,525		12,869		43,312		44,052
Interest expense, net of interest income	10,114		9,487		29,861		27,912
Depreciation and amortization	31,325		29,303		91,699		85,277
EBITDA	$	90,326	$	84,391	$	272,746	$	247,456
Gain on remeasurement of previously held equity interest (1)	—		—		—		(14,199		)
Restructuring charges	10,430		8,540		33,468		34,809
Secondary offering underwriting fees and other expenses (2)	—		—		6,500		—
Amortization of inventory write-up (3)	—		—		—		1,419
Acquisition costs	—		353		—		1,352
Other	—		60		155		222
Adjusted EBITDA	$	100,756	$	93,344	$	312,869	$	271,059

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

(2) Fees and other expenses associated with the March 2016 secondary offering.

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

Recent Accounting Pronouncements

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

Forward-Looking Statements

This Quarterly Report on Form 10-Q includes “forward-looking statements” within the meaning of U.S. federal securities laws, and we intend that such forward-looking statements be subject to the safe harbor created thereby. We make forward-looking statements in this Quarterly Report on Form 10-Q and may make such statements in future filings with the SEC. We may also make forward-looking statements in our press releases or other public or stockholder communications. These forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, business trends, and other information that is not historical information and, in particular, appear under “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Risk Factors,” and “Business Environment and Outlook.” When used in this report, the words “estimate,” “expect,” “anticipate,” “project,” “plan,” “intend,” “believe,” “forecast,” or future or conditional verbs, such as “will,” “should,” “could,” “would,” 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, we cannot assure you 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.

There are a number of risks and uncertainties that could cause our actual results to differ materially from the forward-looking statements in this report. Such risks and uncertainties include, among others: prolonged or material contractions in automotive sales and production volumes; escalating pricing pressures; loss of large customers or significant platforms; our ability to successfully compete in the automotive parts industry; availability and increasing volatility in costs of manufactured

28

components and raw materials; disruption in our supply base; risks associated with our non-U.S. operations; foreign currency exchange rate fluctuations; our ability to control the operations of our joint ventures for our sole benefit; our substantial debt; our ability to obtain adequate financing sources in the future; operating and financial restrictions imposed on us under our term loan facility and the ABL facility; the underfunding of our pension plans; significant changes in discount rates and the actual return on pension assets; effectiveness of our continuous improvement programs and other cost savings plans; manufacturing facility closings or consolidation; our ability to execute new program launches; our ability to meet customers' needs for new and improved products; the possibility that our acquisition strategy may not be successful; product liability, warranty and recall claims brought against us; environmental, health and safety laws and other laws and regulations; work stoppages or other labor disruptions; the ability of our intellectual property to withstand legal challenges; cyber-attacks or other disruptions in our information technology systems; the possible volatility of our annual effective tax rate; the possibility of future impairment charges to our goodwill and long-lived assets; the concentrated ownership of our stock which may allow a few owners to exert significant control over us; and our dependence on our subsidiaries for cash to satisfy our obligations. See Item 1A. Risk Factors, in our 2015 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.

You should not place undue reliance on these forward-looking statements. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.

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 2015 Annual Report.

Item 4.        Controls and Procedures

Evaluation of Disclosure Controls and Procedures

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

Changes in Internal Control over Financial Reporting

There have been no changes in the Company’s internal control over financial reporting during the quarter ended September 30, 2016 that have materially affected, or are reasonably likely to affect, the Company’s internal control over financial reporting.

29

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 September 30, 2016, 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.

On March 30, 2016, a putative class action complaint alleging conspiracy to fix the price of body sealing products used in automobiles and other light-duty vehicles was filed in Ontario against numerous automotive suppliers, including the CS Defendants and Nishikawa Cooper LLC, a joint venture in which the Company holds a 40% interest. Plaintiffs purport to be indirect purchasers of body sealing products supplied by the CS Defendants and/or the other defendants during the relevant period. The plaintiffs seek recovery of damages against all defendants in an amount to be determined, punitive damages, as well as pre-judgment and post-judgment interest and related costs and expenses of the litigation. The Company believes the claims asserted against the CS Defendants are without merit and intends to vigorously defend against these claims. Further, the Company does not believe that there is a material loss that is probable and reasonably estimable related to these claims.

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 2015 Annual Report which could materially impact our business, financial condition or future results. Risks disclosed in the 2015 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 March 14, 2016, 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 $125 million of its outstanding common stock or warrants to purchase common stock. The authorization replaces the remaining balance of a previous $50 million repurchase program authorized in May 2013 pursuant to which the Company has repurchased approximately 198,990 shares at a total cost (including fees) of $9.8 million. 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. Of the $125 million authorization under the Program, the Company used $23.8 million of cash on hand to purchase 350,000 of the shares being offered by the Selling Stockholders in connection with the secondary offering of the Company’s common stock that was completed in March 2016. The Company expects to fund any future 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. No repurchases were made in the current reporting period. Approximately $101.2 million dollar value of shares may yet be purchased under the Program.

30

Item 6.        Exhibits

Exhibit No.	Description of Exhibit
10.1*	Form of Cooper-Standard Holdings Inc. 2011 Omnibus Incentive Plan Special Retention Award Agreement (stock-settled award).
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.

31

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.
November 2, 2016	/S/ MATTHEW W. HARDT
Date	Matthew W. Hardt Chief Financial Officer (Principal Financial Officer)

32

INDEX TO EXHIBITS

Exhibit No.	Description of Exhibit
10.1*	Form of Cooper-Standard Holdings Inc. 2011 Omnibus Incentive Plan Special Retention Award Agreement (stock-settled award).
31.1*	Certification of Principal Executive Officer Pursuant to Exchange Act Rule 13a-14(a)/15d-14(a) (Section 302 of the Sarbanes-Oxley Act of 2002).
31.2*	Certification of Principal Financial Officer Pursuant to Exchange Act Rule 13a-14(a)/15d-14(a) (Section 302 of the Sarbanes-Oxley Act of 2002).
32.1*	Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350 (Section 906 of the Sarbanes-Oxley Act of 2002).
32.2*	Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350 (Section 906 of the Sarbanes-Oxley Act of 2002).
101.INS**	XBRL Instance Document
101.SCH**	XBRL Taxonomy Extension Schema Document
101.CAL**	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF**	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB**	XBRL Taxonomy Label Linkbase Document
101.PRE**	XBRL Taxonomy Extension Presentation Linkbase Document

*	Filed herewith.
**	Submitted electronically with the Report.

33

EX-10.1

Exhibit 10.1

2016 Retention Award

[Name, Title]

The Compensation Committee of Cooper-Standard’s Board of Directors has approved a one-time retention award with performance conditions. Cooper-Standard has a strong desire to keep you with the Company, focused on fully executing the Company’s strategy. Your 2016 retention award includes:

Grant Date	Award Value	Vesting	Performance Metric	Payout Denomination
July 26, 2016	[XXXXXX] USD	100% on July 26, 2019 (subject to continued employment and performance achievement)	Above Median Relative Total Shareholder Return (TSR)	Cooper-Standard Common Stock (if performance is met))

Enclosed with this letter are terms of your retention award and a list of the beginning Comparator Group to be used for the relative total shareholder return comparison.

Congratulations, I am pleased to include you in this special award and look forward to your continued participation in our future success.

Jeffrey S. Edwards

Chairman and Chief Executive Officer

Enclosures

COOPER-STANDARD HOLDINGS

Special Relative TSR Award Term Sheet

• Type of Award:Cash-denominated and stock-settled

• Grant Frequency:One-time, special grant to selected executives

• Vesting:100% on the third anniversary of the grant date, subject to continued service

• Performance Period:Three years, beginning on the grant date

• Size of Individual Awards: Target dollar value as recommended by the CEO

• Performance Goal: Award is earned if Cooper-Standard’s relative total shareholder return (“TSR”) during the Performance Period is above the median of the Comparator Group as defined below

• TSR Calculation Methodology:As follows:

— TSR Beginning Stock Price Calculation – average closing stock price for the 20 trading days immediately prior to the beginning of the Performance Period (for Cooper-Standard and the Comparator Group)

— TSR Ending Stock Price Calculation – average closing stock price for the last 20 trading days of the Performance Period (for Cooper-Standard and the Comparator Group)

— Treatment of Dividends in TSR Calculation – TSR calculation will assume reinvestment of dividends on the ex-dividend date (for Cooper-Standard and the Comparator Group, where applicable)

• Comparator Group:The Comparator Group is the subset of companies in Cooper-Standard’s 6-digit Global Industry Classification Standard (GICS) code (251010 – Automobile Components) that have revenues and market capitalizations of at least $250M

— Refer to the Exhibit for the 26 companies in the Comparator Group along with corresponding size measure detail (size is not as relevant for relative TSR comparisons as it is for benchmarking compensation levels)

• Changes in the Comparator Group During Performance Period:The Comparator Group will be fixed based on index constituents at the beginning of the Performance Period; the following adjustments will apply to ensure a balanced assessment of relative performance:

— Comparator Group companies that are acquired/merged during the Performance Period will be removed when calculating Cooper-Standard’s relative TSR percentile rank

— Comparator Group companies that file for bankruptcy during the Performance Period would be treated as the worst performers for purposes of determining Cooper-Standard’s relative TSR percentile rank

• Payout/Settlement Details:If relative TSR is above the median of the Comparator Group, the recipient will receive a number of shares equal to the target dollar value divided by the closing stock price on the vesting date; payout to be made as soon as administratively feasible following the Performance Period

• Tax Deductibility:The awards would be considered performance-based compensation under IRC Section 162(m) and thus will be tax-deductible to the Company

• Clawback:Earned awards would be subject to the Company’s clawback policy, if applicable

• Termination Provisions:Forfeiture for termination of service for any reason (other than a change-in-control termination, as noted below)

• Change-in-Control (“CIC”): Awards convert to time-vested cash upon a CIC and vest on the original vesting date, without pro-ration

— Conversion to time-vested cash occurs assuming target performance if the CIC occurs in the first year of the performance period, otherwise based on relative TSR performance through the CIC date

— Time-vested cash accelerates in the event of an involuntary termination without Cause within 24 months of the CIC date

— If awards are not assumed/substituted by the acquiring, the award will vest immediately, using the same determination of performance indicated in this section above

Exhibit

COOPER-STANDARD
Comparator Group - Size Measures
($mil)
				Market
Company	Revenue (1)			Cap (2)
American Axle & Manufacturing Holdings Inc.	$	3,903		$	1,108
Autoliv, Inc.	9,713			9,479
BorgWarner Inc.	8,308			6,424
Cooper Tire & Rubber Co.	2,959			1,645
Dana Holding Corporation	5,838			1,562
Delphi Automotive PLC	15,419			17,088
Dorman Products, Inc.	823			1,980
Drew Industries Incorporated	1,464			2,079
Federal-Mogul Holdings Corporation	7,481			1,405
Fox Factory Holding Corp	379			635
Gentex Corp.	1,625			4,462
Gentherm Incorporated	865			1,248
Johnson Controls Inc.	36,225			28,697
Lear Corp.	18,353			7,507
Magna International Inc.	33,262			13,774
Metaldyne Performance Group Inc.	3,022			932
Modine Manufacturing Company	1,353			417
Motorcar Parts of America, Inc.	369			504
Spartan Motors Inc.	556			250
Standard Motor Products Inc.	983			903
Stoneridge Inc.	645			416
Superior Industries International, Inc.	740			680
Tenneco Inc.	8,322			2,670
The Goodyear Tire & Rubber Company	16,110			6,824
Tower International, Inc.	1,971			436
Visteon Corporation	3,231			2,238
26 Companies
75th Percentile	$	8,318		$	5,934
Median	2,991			1,603
25th Percentile	895			736
Cooper-Standard		$3,405			$1,359
-- Percent Rank	57		%	43		%
Notes:
Source: Standard & Poor's Capital IQ Database
(1)  Most recently reported four quarters
(2)  As of June 30, 2016

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: November 2, 2016	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: November 2, 2016	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 September 30, 2016 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: November 2, 2016	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 September 30, 2016 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: November 2, 2016	By:	/S/ MATTHEW W. HARDT
		Matthew W. Hardt
		Chief Financial Officer
		(Principal Financial Officer)

XML

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 26, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q3
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		17,654,198

XML

CONDENSED CONSOLIDATED STATEMENTS OF NET INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Statement [Abstract]
Sales	$ 855,656	$ 827,531	$ 2,597,457	$ 2,488,402
Cost of products sold	690,984	679,083	2,101,000	2,055,124
Gross profit	164,672	148,448	496,457	433,278
Selling, administration & engineering expenses	92,368	79,065	268,498	239,455
Amortization of intangibles	3,457	3,599	9,974	10,819
Restructuring	10,430	8,540	33,468	34,809
Other operating loss	0	0	155	0
Operating profit	58,417	57,244	184,362	148,195
Interest expense, net of interest income	(10,114)	(9,487)	(29,861)	(27,912)
Equity in earnings of affiliates	1,386	911	5,823	4,042
Other (expense) income, net	(518)	(3,281)	(8,589)	9,907
Income before income taxes	49,171	45,387	151,735	134,232
Income tax expense	12,525	12,869	43,312	44,052
Net income	36,646	32,518	108,423	90,180
Net (income) loss attributable to noncontrolling interests	(284)	214	(549)	35
Net income attributable to Cooper-Standard Holdings Inc.	$ 36,362	$ 32,732	$ 107,874	$ 90,215
Earnings per share
Basic (usd per share)	$ 2.08	$ 1.89	$ 6.20	$ 5.26
Diluted (usd per share)	$ 1.94	$ 1.78	$ 5.77	$ 4.92

XML

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Net income		$ 36,646	$ 32,518	$ 108,423	$ 90,180
Currency translation adjustment		2,663	(27,727)	12,330	(69,600)
Benefit plan liabilities, net of tax	[1]	(149)	871	(620)	5,692
Fair value change of derivatives, net of tax	[2]	1,881	(371)	(605)	(1,302)
Other comprehensive income (loss), net of tax		4,395	(27,227)	11,105	(65,210)
Comprehensive income		41,041	5,291	119,528	24,970
Comprehensive (Income) loss attributable to noncontrolling interests		(266)	467	(317)	168
Comprehensive income attributable to Cooper-Standard Holdings Inc.		$ 40,775	$ 5,758	$ 119,211	$ 25,138

[1] Other comprehensive income (loss) related to the benefit plan liabilities is net of a tax effect of $(174) and $(211) for the three months ended September 30, 2016 and 2015, respectively, and $(250) and $(755) for the nine months ended September 30, 2016 and 2015

[2] Other comprehensive income (loss) related to the fair value change of derivatives is net of a tax effect of $(676) and $170 for the three months ended September 30, 2016 and 2015, respectively, and $129 and $830 for the nine months ended September 30, 2016 and 2015

XML

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Benefit plan liabilities, tax	$ (174)	$ (211)	$ (250)	$ (755)
Fair value change of derivatives, tax	$ (676)	$ 170	$ 129	$ 830

XML

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 360,429	$ 378,243
Accounts receivable, net	505,966	448,119
Tooling receivable	107,068	102,877
Inventories	161,012	149,645
Prepaid expenses	37,998	30,016
Other	82,924	80,581
Total current assets	1,255,397	1,189,481
Property, plant and equipment, net	831,987	765,369
Goodwill	170,794	149,219
Intangible assets, net	85,948	70,702
Deferred tax assets	44,845	49,299
Other assets	74,333	80,222
Total assets	2,463,304	2,304,292
Current liabilities:
Debt payable within one year	53,139	45,494
Accounts payable	429,357	400,604
Payroll liabilities	129,712	127,609
Accrued liabilities	128,016	107,713
Total current liabilities	740,224	681,420
Long-term debt	726,688	732,418
Pension benefits	172,474	176,525
Postretirement benefits other than pensions	53,992	52,963
Deferred tax liabilities	1,645	4,914
Other liabilities	44,020	41,253
Total liabilities	1,739,043	1,689,493
7% Cumulative participating convertible preferred stock, $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding	0	0
Equity:
Common stock, $0.001 par value, 190,000,000 shares authorized; 19,650,584 shares issued and 17,654,278 shares outstanding as of September 30, 2016, and 19,105,251 shares issued and 17,458,945 outstanding as of December 31, 2015	17	17
Additional paid-in capital	510,387	513,764
Retained earnings	395,178	306,713
Accumulated other comprehensive loss	(205,728)	(217,065)
Total Cooper-Standard Holdings Inc. equity	699,854	603,429
Noncontrolling interests	24,407	11,370
Total equity	724,261	614,799
Total liabilities and equity	$ 2,463,304	$ 2,304,292

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CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2016	Dec. 31, 2015
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	19,650,584	19,105,251
Common stock, shares outstanding	17,654,278	17,458,945

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CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - 9 months ended Sep. 30, 2016 - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Cooper Standard Holdings Inc Equity [Member]	Noncontrolling Interest [Member]
Beginning balance (shares) at Dec. 31, 2015	17,458,945	17,458,945
Beginning balance at Dec. 31, 2015	$ 614,799	$ 17	$ 513,764	$ 306,713	$ (217,065)	$ 603,429	$ 11,370
Repurchase of common stock (shares)		(350,000)
Repurchase of common stock	(23,800)		(8,470)	(15,330)		(23,800)
Warrant exercise (shares)		318,445
Warrant exercise	2,498		2,498			2,498
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures		226,888
Share based compensation, net	(1,011)		2,595	(3,606)		(1,011)
Consolidation of joint venture	13,300						13,300
Dividends declared to noncontrolling interests	(580)						(580)
Net income	108,423			107,874		107,874	549
Other comprehensive income (loss)	$ 11,105				11,337	11,337	(232)
Ending balance (shares) at Sep. 30, 2016	17,654,278	17,654,278
Ending balance at Sep. 30, 2016	$ 724,261	$ 17	$ 510,387	395,178	$ (205,728)	699,854	$ 24,407
Cumulative effect of change in accounting principle	$ (473)			$ (473)		$ (473)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Operating Activities:
Net income	$ 108,423	$ 90,180
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	81,725	74,459
Amortization of intangibles	9,974	10,819
Share-based compensation expense	18,533	8,348
Equity in earnings, net of dividends related to earnings	(2,801)	(2,125)
Gain on remeasurement of previously held equity interest	0	(14,199)
Deferred income taxes	295	5,765
Other	1,101	127
Changes in operating assets and liabilities	(35,205)	(63,401)
Net cash provided by operating activities	182,045	109,973
Investing activities:
Capital expenditures	(116,788)	(129,661)
Acquisition of businesses, net of cash acquired	(37,478)	(34,396)
Investment in joint ventures	0	(4,300)
Cash from consolidation of joint venture	3,395	0
Proceeds from sale of fixed assets	156	4,846
Net cash used in investing activities	(150,715)	(163,511)
Financing activities:
Increase in short-term debt, net	1,703	973
Principal payments on long-term debt	(9,787)	(6,239)
Purchase of noncontrolling interests	0	(1,262)
Repurchase of common stock	(23,800)	0
Proceeds from exercise of warrants	2,498	8,540
Taxes withheld and paid on employees' share based payment awards	(11,979)	(1,330)
Other	101	(173)
Net Cash (used in) provided by financing activities	(41,264)	509
Effects of exchange rate changes on cash and cash equivalents	(7,880)	17,743
Changes in cash and cash equivalents	(17,814)	(35,286)
Cash and cash equivalents at beginning of period	378,243	267,270
Cash and cash equivalents at end of period	$ 360,429	$ 231,984

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Overview

9 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

Overview

Overview

Basis of presentation

Cooper-Standard Holdings Inc. (together with its consolidated subsidiaries, the “Company” or “Cooper Standard”), through its wholly-owned subsidiary, Cooper-Standard Automotive Inc. (“CSA U.S.”), is a leading manufacturer of sealing, fuel and brake delivery, fluid transfer, and anti-vibration systems. 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 U.S. 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, 2015 (the “2015 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. Certain prior period amounts have been reclassified to conform to the current period financial statement presentation. The operating results for the interim period ended September 30, 2016 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.

Recently adopted accounting pronouncements

In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The guidance simplifies several aspects of the accounting for employee share-based payment transactions including the accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as classification of related amounts within the statement of cash flows. The guidance is effective for annual and interim reporting periods beginning after December 15, 2016. Early adoption is permitted, and the Company adopted this guidance during the second quarter of 2016. The provisions related to forfeitures were adopted on a modified retrospective basis to record actual forfeitures as they occur in the Company's condensed consolidated financial statements, and the impact from adoption resulted in a cumulative effect adjustment of $473 to retained earnings. Provisions related to income taxes were adopted prospectively from January 1, 2016, and resulted in a tax benefit of $3,212 for the three months ended June 30, 2016. Provisions related to the statement of cash flows have been adopted prospectively and result in the recognition of excess tax benefits in cash provided by operating activities.

In July 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement - Period Adjustments. This ASU requires an acquirer to recognize adjustments to estimated amounts identified during the measurement period in the reporting period in which the adjustment is determined and not restate prior amounts disclosed. This guidance was effective for annual and interim reporting periods beginning after December 15, 2015. The Company adopted this guidance effective January 1, 2016. The adoption of this ASU did not 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 was effective for annual and interim reporting periods beginning after December 15, 2015. The Company adopted this guidance effective January 1, 2016. The adoption of this ASU had no impact on the Company's condensed consolidated financial statements.

Recently issued accounting pronouncements

In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. The amendments provide guidance on eight specific cash flow issues, thereby reducing diversity in practice. The amendments are effective for annual and interim reporting periods beginning after December 15, 2017. Early adoption is permitted. An entity that elects early adoption must adopt all of the amendments in the same period. The guidance requires companies to use a retrospective transition method upon adoption. The Company is currently evaluating the impact of adopting this guidance on its condensed consolidated financial statements.

In March 2016, the FASB issued ASU 2016-07, Investments - Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting. This guidance eliminates the requirement that an investor retrospectively apply equity method accounting when an investment that it had accounted for by another method initially qualifies for the equity method. The guidance requires that an equity method investor add the cost of acquiring the additional interest to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. This guidance is effective for annual and interim reporting 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 February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The guidance revises existing U.S. GAAP by requiring lessees to recognize assets and liabilities for all leases (with an exception of short-term leases). This guidance is effective for annual and interim reporting periods beginning after December 15, 2018. Early adoption is permitted. The guidance requires companies to use a modified retrospective approach upon adoption. The Company is currently evaluating the impact of adopting this guidance on its condensed consolidated financial statements.

In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory. This ASU requires entities to measure most inventory at the lower of cost and net realizable value rather than at the lower of cost or market. This guidance is effective for annual and interim reporting periods beginning after December 15, 2016. The Company is currently evaluating the impact of adopting this guidance on its 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 and interim reporting periods ending 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. In July 2015, the FASB issued ASU 2015-14, which delays the effective date of this guidance to annual and interim reporting periods beginning after December 15, 2017. Early adoption is permitted as of the original effective date of annual and interim reporting periods beginning after December 15, 2016. 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.

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Acquisitions Acqusitions

9 Months Ended

Sep. 30, 2016

Business Combinations [Abstract]

Acquisitions

Acquisitions

AMI Acquisition

In the third quarter of 2016, the Company acquired the North American fuel and brake business of AMI Industries for cash consideration of $32,000 (the “AMI Acquisition”). This acquisition directly aligns with the Company's growth strategy by expanding the Company's fuel and brake business. The results of operations of the North American fuel and brake business of AMI Industries are included in the Company's condensed consolidated financial statements from the date of acquisition, August 15, 2016, and reported within the North American segment. This acquisition was accounted for as a business combination, with the total purchase price allocated on a preliminary basis using information available, resulting in the recognition of goodwill of $7,175 in the third quarter of 2016. Also in the third quarter of 2016, the Company agreed to purchase the China fuel and brake business of AMI Industries, which is subject to regulatory approval and is expected to close in the first quarter of 2017.

Shenya Acquisition

In the first quarter of 2015, the Company completed the acquisition of an additional 47.5% of Huayu-Cooper Standard Sealing Systems Co. (“Shenya”), increasing its ownership to 95%, for cash consideration of $59,320 of which $34,396 was paid in the nine months ended September 30, 2015. 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. The results of operations of Shenya are included in the Company’s condensed consolidated financial statements from the date of acquisition, February 27, 2015, and reported within the Asia Pacific segment. Prior to the acquisition, the Company held a 47.5% unconsolidated equity interest in Shenya. The estimated fair value of the equity interest at the date of acquisition was $41,378, resulting in a gain of $14,199 recorded in other (expense) income, net for the nine months ended September 30, 2015.

In the second quarter of 2016, the Company acquired a business in furtherance of the Company's Shenya operations. The total purchase price of the acquisition was $5,478, of which the Company made a deposit of $3,020 during the first quarter of 2016 and issued a note payable for $2,458 in the second quarter of 2016, which was subsequently paid during July 2016. The Company recognized $2,972 of goodwill as a result of this acquisition in the second quarter of 2016.

In the third quarter of 2016, the Company obtained control of its 51%-owned joint venture, Shenya Sealing (Guangzhou) Company Limited (“Guangzhou”) through an amendment of the joint venture governing document. This joint venture was previously accounted for as an investment under the equity method. The results of operations of Guangzhou are included in the Company's condensed consolidated financial statements from the date of consolidation, August 4, 2016, and reported within the Asia Pacific segment. Business combination accounting was completed on a preliminary basis using information available, resulting in the recognition of goodwill of $10,869 in the third quarter of 2016. There was no gain or loss recognized on the remeasurement of the Company's equity method investment in Guangzhou for the three months ended September 30, 2016.

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Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill

The changes in the carrying amount of goodwill by reportable operating segment for the nine months ended September 30, 2016 are summarized as follows:

	North America		Europe		Asia Pacific			Total
Balance as of December 31, 2015	$	114,109	$	11,056	$	24,054		$	149,219
Acquisition	7,175		—		2,972			10,147
Consolidation of joint venture	—		—		10,869			10,869
Foreign exchange translation	790		384		(615		)	559
Balance as of September 30, 2016	$	122,074	$	11,440	$	37,280		$	170,794

Goodwill is tested for impairment by reporting unit either annually or when events or circumstances indicate that an impairment may exist. There were no indicators of potential impairment during the nine months ended September 30, 2016.

Intangible Assets

The following table presents intangible assets and accumulated amortization balances of the Company as of September 30, 2016 and December 31, 2015, respectively:

	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	135,482	$	(70,075	)	$	65,407
Developed technology	8,971		(8,449		)	522
Other	21,668		(1,649		)	20,019
Balance as of September 30, 2016	$	166,121	$	(80,173	)	$	85,948
Customer relationships	$	115,285	$	(61,375	)	$	53,910
Developed technology	8,854		(7,673		)	1,181
Other	16,290		(679		)	15,611
Balance as of December 31, 2015	$	140,429	$	(69,727	)	$	70,702

In the third quarter of 2016, the Company acquired intangible assets of $19,410 in conjunction with the AMI Acquisition. This consisted of $19,000 related to customer relationships and $410 related to patents with weighted average amortization periods of 11 and 15 years, respectively.

Also in the third quarter of 2016, the Company recorded intangible assets of $6,605 in conjunction with the consolidation of Guangzhou. This consisted of $1,313 related to customer relationships and $5,292 related to land-use right with weighted average amortization periods of approximately 7 and 45 years, respectively.

Amortization expense totaled $3,457 and $3,599 for the three months ended September 30, 2016 and 2015, respectively, and $9,974 and $10,819 for the nine months ended September 30, 2016 and 2015, respectively. Amortization expense is estimated to be approximately $13,600 for the year ending December 31, 2016.

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Restructuring

9 Months Ended

Sep. 30, 2016

Restructuring and Related Activities [Abstract]

Restructuring

Restructuring

On an ongoing basis, the Company evaluates its business and objectives to ensure that it is properly configured and sized based on changing market conditions. Accordingly, the Company has initiated certain restructuring initiatives, including plant rationalizations and targeted workforce reduction efforts, as deemed appropriate.

In addition to previously initiated actions, in January 2015, the Company announced its intention to further restructure its European manufacturing footprint based on the then current and anticipated market demands. The total estimated cost of this initiative, which is expected to be completed in 2017, is approximately $125,000, of which approximately $78,000 has been incurred to date.

The Company previously implemented several other restructuring initiatives, including the closure or consolidation of facilities throughout the world and the reorganization of the Company's operating structure. While substantially complete, the Company continues to incur costs with respect to some of these initiatives, primarily related to the disposal of the respective facilities.

The Company's restructuring charges consist of severance, retention and outplacement services, and severance-related postemployment benefits (collectively, “employee separation costs”), other related exit costs and asset impairments related to restructuring activities.

The following table summarizes the restructuring expense by segment for the three and nine months ended September 30, 2016 and 2015:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
North America	$	306	$	1,342	$	1,661	$	3,062
Europe	9,691		7,134		30,184		31,683
Asia Pacific	433		64		1,623		64
Total	$	10,430	$	8,540	$	33,468	$	34,809

The following table summarizes the activity for restructuring initiatives for the nine months ended September 30, 2016:

	Employee Separation Costs			Other Exit Costs			Total
Balance as of December 31, 2015	$	32,707		$	1,768		$	34,475
Expense	12,345			21,123			33,468
Cash payments	(24,363		)	(21,248		)	(45,611		)
Foreign exchange translation and other	1,251			181			1,432
Balance as of September 30, 2016	$	21,940		$	1,824		$	23,764

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Inventories

9 Months Ended

Sep. 30, 2016

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories were comprised of the following as of September 30, 2016 and December 31, 2015:

	September 30, 2016		December 31, 2015
Finished goods	$	41,245	$	43,031
Work in process	36,669		32,863
Raw materials and supplies	83,098		73,751
	$	161,012	$	149,645

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Debt

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Debt

Debt

Outstanding debt consisted of the following as of September 30, 2016 and December 31, 2015:

	September 30, 2016			December 31, 2015
Term loan	$	725,489		$	729,841
Other borrowings	54,338			48,071
Total debt	$	779,827		$	777,912
Less current portion	(53,139		)	(45,494		)
Total long-term debt	$	726,688		$	732,418

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 then-outstanding Senior Notes and Senior PIK Toggle 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 increased (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 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 (limited to 65% of the capital stock of any foreign subsidiaries), (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 plus an applicable margin of 3.00% or the base rate option (the highest of the Federal Funds rate, plus 0.50%, prime rate, or one-month Eurodollar rate plus 1.00%), plus an applicable margin of 2.00%. The Term Loan Facility matures on April 4, 2021. On April 4, 2014, the aggregate principal amount of $750,000 was fully drawn to extinguish the Senior Notes and the Senior PIK Toggle Notes and to pay related fees and expenses. 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 are amortized into interest expense over the term of the Term Loan Facility. As of September 30, 2016, the principal amount of $733,125 was outstanding. As of September 30, 2016, the Company had $2,411 of unamortized original issue discount and unamortized issuance costs of $5,225.

Senior ABL Facility

On April 4, 2014, CS Intermediate Holdco 1 LLC (“Parent”), CSA U.S. (the “U.S. Borrower”), Cooper-Standard Automotive Canada Limited (the “Canadian Borrower”), Cooper-Standard Automotive International Holdings BV (the “European Borrower” and, together with the U.S. Borrower and Canadian Borrower, the “Borrowers”), and certain subsidiaries of the U.S. Borrower entered into the Second Amended and Restated Loan Agreement (the “Senior ABL Facility”), which amended and restated the then existing senior secured asset based revolving agreement dated May 27, 2010, in order to permit the Term Loan Facility 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 a $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 borrowers and the lenders agree to fund such increase).

On June 11, 2014, the same parties 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 borrowers and the lenders agree to fund such increase). No consent of any lender (other than those participating in the increase) is required to effect any such increase.

As of September 30, 2016, there were no borrowings under the Senior ABL Facility, and subject to borrowing base availability, the Company had $180,000 in availability less outstanding letters of credit of $57,084.

Subsequent Event

On November 2, 2016, CSA U.S. issued $400,000 aggregate principal amount of 5.625% Senior Notes due 2026 (the “Senior Notes”) and amended its existing Senior ABL Facility and Term Loan Facility (the “Debt Refinancing”). The Company used the proceeds of the Senior Notes to repay the non-extended term loan outstanding under the Term Loan Facility and to pay fees and expenses related to the Debt Refinancing. The remaining term loan of $340,000 was extended to November 2023. The Senior ABL Facility was extended to November 2021 and its aggregate revolving loan availability increased to $210,000, subject to borrowing base availability.

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Pension and Postretirement Benefits other than Pensions

9 Months Ended

Sep. 30, 2016

Compensation and Retirement Disclosure [Abstract]

Pension and Postretirement Benefits other than Pensions

Pension and Postretirement Benefits other than Pensions

The following tables disclose the components of net periodic benefit (income) cost for the three and nine months ended September 30, 2016 and 2015 for the Company’s defined benefit plans and other postretirement benefit plans:

	Pension Benefits
	Three Months Ended September 30,
	2016						2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	202		$	861		$	232		$	868
Interest cost	3,145			1,267			3,084			1,261
Expected return on plan assets	(3,959		)	(788		)	(4,421		)	(830		)
Amortization of prior service cost and actuarial loss	429			555			276			665
Other	—			—			—			114
Net periodic benefit (income) cost	$	(183	)	$	1,895		$	(829	)	$	2,078
	Pension Benefits
	Nine Months Ended September 30,
	2016						2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	606		$	2,575		$	696		$	2,633
Interest cost	9,435			3,805			9,252			3,845
Expected return on plan assets	(11,877		)	(2,367		)	(13,263		)	(2,559		)
Amortization of prior service cost and actuarial loss	1,287			1,664			828			2,012
Other	—			—			—			355
Net periodic benefit (income) cost	$	(549	)	$	5,677		$	(2,487	)	$	6,286

	Other Postretirement Benefits
	Three Months Ended September 30,
	2016						2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	90		$	94		$	109		$	93
Interest cost	346			172			353			165
Amortization of prior service credit and actuarial gain	(507		)	(16		)	(396		)	(5		)
Other	1			—			6			—
Net periodic benefit (income) cost	$	(70	)	$	250		$	72		$	253
	Other Postretirement Benefits
	Nine Months Ended September 30,
	2016						2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	270		$	280		$	327		$	290
Interest cost	1,038			510			1,059			516
Amortization of prior service credit and actuarial gain	(1,521		)	(47		)	(1,188		)	(15		)
Other	3			—			18			—
Net periodic benefit (income) cost	$	(210	)	$	743		$	216		$	791

The Company made a discretionary contribution of $6,378 to its U.S. pension plan in the three months ended September 30, 2016.

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Income Taxes

9 Months Ended

Sep. 30, 2016

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

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

The effective tax rate for the three and nine months ended September 30, 2016 was 25% and 29%, respectively. The effective tax rate for the three and nine months ended September 30, 2015 was 28% and 33%, respectively. The effective tax rate for the three and nine months ended September 30, 2016 compared to the three and nine months ended September 30, 2015 was lower primarily due to the tax benefits related to the U.S. research tax credit and the early adoption of ASU 2016-09 related to share-based compensation reflected in the 2016 effective tax rate which was not statutory in the three and nine months ended September 30, 2015. The income tax rate for the three and nine months ended September 30, 2016 varies from statutory rates primarily due to the impact of income taxes on foreign earnings taxed at rates lower than the U.S. statutory rate, the inability to record a tax benefit for pre-tax losses in certain foreign jurisdictions to the extent not offset by other categories of income, tax credits, income tax incentives, excess tax benefits related to share-based compensation, withholding taxes and other permanent items. Further, the Company’s current and future provision for income taxes may be impacted by the recognition of valuation allowances in certain countries. The Company intends to maintain these allowances until it is more likely than not that the deferred tax assets will be realized.

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Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2016

Equity [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component for the three and nine months ended September 30, 2016 and 2015, net of related tax, are as follows:

	Three Months Ended September 30, 2016
	Cumulative currency translation adjustment				Benefit plan liabilities				Fair value change of derivatives				Total
Balance as of June 30, 2016	$	(120,780	)		$	(84,595	)		$	(4,766	)		$	(210,141	)
Other comprehensive income (loss) before reclassifications	2,681			(1)	(497		)		828				3,012
Amounts reclassified from accumulated other comprehensive income (loss)	—				348			(2)	1,053			(3)	1,401
Balance as of September 30, 2016	$	(118,099	)		$	(84,744	)		$	(2,885	)		$	(205,728	)

(1) Includes $511 of other comprehensive income related to intra-entity foreign currency balances that are of a long-term investment nature.

(2) Includes actuarial losses of $555, offset by prior service credits of $79, net of tax of $128. See Note 7.

(3) Includes losses related to the interest rate swap of $803 included in interest expense, net of interest income, and losses related to foreign exchange contracts of $769 included in cost of products sold, net of tax of $519.

	Three Months Ended September 30, 2015
	Cumulative currency translation adjustment				Benefit plan liabilities				Fair value change of derivatives				Total
Balance as of June 30, 2015	$	(92,364	)		$	(82,040	)		$	(2,942	)		$	(177,346	)
Other comprehensive income (loss) before reclassifications	(27,474		)	(1)	481				(784		)		(27,777		)
Amounts reclassified from accumulated other comprehensive income (loss)	—				390			(2)	413			(3)	803
Balance as of September 30, 2015	$	(119,838	)		$	(81,169	)		$	(3,313	)		$	(204,320	)

(1) Includes $4,332 of other comprehensive loss related to intra-entity foreign currency balances that are of a long-term investment nature.

(2) Includes actuarial losses of $606, offset by prior service credits of $72, net of tax of $144. See Note 7.

(3) Includes losses related to foreign exchange contracts of $635 included in cost of products sold, net of tax of $222.

	Nine Months Ended September 30, 2016
	Cumulative currency translation adjustment				Benefit plan liabilities				Fair value change of derivatives				Total
Balance as of December 31, 2015	$	(130,661	)		$	(84,124	)		$	(2,280	)		$	(217,065	)
Other comprehensive income (loss) before reclassifications	12,562			(1)	(1,638		)		(3,803		)		7,121
Amounts reclassified from accumulated other comprehensive income (loss)	—				1,018			(2)	3,198			(3)	4,216
Balance as of September 30, 2016	$	(118,099	)		$	(84,744	)		$	(2,885	)		$	(205,728	)

(1) Includes $9,699 of other comprehensive income related to intra-entity foreign currency balances that are of a long-term investment nature.

(2) Includes actuarial losses of $1,636, offset by prior service credits of $246, net of tax of $372. See Note 7.

(3) Includes losses related to the interest rate swap of $2,393 included in interest expense, net of interest income, and losses related to foreign exchange contracts of $2,380 included in cost of products sold, net of tax of $1,575.

	Nine Months Ended September 30, 2015
	Cumulative currency translation adjustment				Benefit plan liabilities				Fair value change of derivatives				Total
Balance as of December 31, 2014	$	(50,371	)		$	(86,861	)		$	(2,011	)		$	(139,243	)
Other comprehensive income (loss) before reclassifications	(67,858		)	(1)	4,502				(1,903		)		(65,259		)
Amounts reclassified from accumulated other comprehensive income (loss)	(1,609		)	(2)	1,190			(3)	601			(4)	182
Balance as of September 30, 2015	$	(119,838	)		$	(81,169	)		$	(3,313	)		$	(204,320	)

(1) Includes $18,265 of other comprehensive loss related to intra-entity foreign currency balances that are of a long-term investment nature.

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

(3) Includes actuarial losses of $1,871, offset by prior service credits of $244, net of tax of $437. See Note 7.

(4) Includes losses related to foreign exchange contracts of $925 included in cost of products sold, net of tax of $324.

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

9 Months Ended

Sep. 30, 2016

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. 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 September 30,					Nine Months Ended September 30,
	2016		2015			2016		2015
Net income attributable to Cooper-Standard Holdings Inc.	$	36,362	$	32,732		$	107,874	$	90,215
Increase (decrease) in fair value of share-based awards	37		(17		)	49		—
Diluted net income available to Cooper-Standard Holdings Inc. common stockholders	$	36,399	$	32,715		$	107,923	$	90,215
Basic weighted average shares of common stock outstanding	17,469,156		17,294,155			17,388,541		17,137,331
Dilutive effect of common stock equivalents	1,291,507		1,135,858			1,315,037		1,190,579
Diluted weighted average shares of common stock outstanding	18,760,663		18,430,013			18,703,578		18,327,910
Basic net income per share attributable to Cooper-Standard Holdings Inc.	$	2.08	$	1.89		$	6.20	$	5.26
Diluted net income per share attributable to Cooper-Standard Holdings Inc.	$	1.94	$	1.78		$	5.77	$	4.92

The effect of certain common share 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 September 30,		Nine Months Ended September 30,
	2016	2015	2016	2015
Number of options	—	145,900	—	145,900
Exercise price	—	$64.74-70.20	—	$64.74-70.20

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Share-Based Compensation

9 Months Ended

Sep. 30, 2016

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

Share-Based Compensation

Share-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 $7,640 and $3,384 for the three months ended September 30, 2016 and 2015, respectively, and $18,533 and $8,348 for the nine months ended September 30, 2016 and 2015, respectively.

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Common Stock

9 Months Ended

Sep. 30, 2016

Equity [Abstract]

Common Stock

Common Stock

In March 2016, certain selling stockholders affiliated with Silver Point Capital, L.P., Oak Hill Advisors, L.P. and Capital World Investors (the “Selling Stockholders”) sold 2,278,031 shares, including overallotments, of the Company’s common stock at a public offering price of $68.00 per share, in a secondary public offering. Of the 2,278,031 shares sold in the offering, 350,000 shares were purchased by the Company for $23,800. The Company paid the underwriting discounts and commissions payable on the shares sold by the Selling Stockholders, excluding the shares the Company repurchased, resulting in $5,900 of fees incurred for the nine months ended September 30, 2016, which is included in other (expense) income, net in the condensed consolidated statement of net income. The Company also incurred approximately $600 of other expenses related to legal and audit services for the nine months ended September 30, 2016, which is included in selling, administration & engineering expenses in the condensed consolidated statement of net income. The Company did not sell or receive any proceeds from the sales of shares by the Selling Stockholders.

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Other (Expense) Income, Net

9 Months Ended

Sep. 30, 2016

Other Income and Expenses [Abstract]

Other (Expense) Income, Net

Other (Expense) Income, Net

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Gain on remeasurement of previously held equity interest	$	—		$	—		$	—		$	14,199
Foreign currency losses	(331		)	(3,049		)	(2,035		)	(3,482		)
Secondary offering underwriting fees	—			—			(5,900		)	—
Loss on sale of receivables	(207		)	(232		)	(674		)	(810		)
Miscellaneous income	20			—			20			—
Other (expense) income, net	$	(518	)	$	(3,281	)	$	(8,589	)	$	9,907

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Related Party Transactions

9 Months Ended

Sep. 30, 2016

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

Sales to Nishikawa Cooper, LLC (“NISCO”), a 40%-owned joint venture accounted for as an investment under the equity method, totaled $9,029 and $9,619 for the three months ended September 30, 2016 and 2015, respectively, and $26,027 and $27,756 for the nine months ended September 30, 2016 and 2015, respectively. During the nine months ended September 30, 2016 and 2015, the Company received from NISCO a dividend of $1,880 and $680, respectively, all of which was related to earnings.

In March 2016, as part of the secondary offering, the Company paid $5,900 of fees incurred on behalf of the Selling Stockholders (see Note 12. “Common Stock”).

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Fair Value Measurements and Financial Instruments

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Fair Value Measurements and Financial Instruments

Fair Value Measurements and Financial Instruments

Fair Value Measurements

Fair value is defined as 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, a three-tier fair value hierarchy is utilized, 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.

Items Measured at Fair Value on a Recurring Basis

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 September 30, 2016 and December 31, 2015, are shown below:

	September 30, 2016			December 31, 2015			Input
Forward foreign exchange contracts - other current assets	$	355		$	900		Level 2
Forward foreign exchange contracts - accrued liabilities	(507		)	(79		)	Level 2
Interest rate swaps - other current assets	35			32			Level 2
Interest rate swaps - other assets	46			38			Level 2
Interest rate swaps - accrued liabilities	(2,973		)	(2,991		)	Level 2
Interest rate swaps - other liabilities	(1,499		)	(1,739		)	Level 2

Items Measured at Fair Value on a Nonrecurring 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 nonrecurring basis, which are not included in the table above. As these nonrecurring 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 nonrecurring basis see Note 2. “Acquisitions” and Note 4. “Restructuring.”

Items Not Carried At Fair Value

Fair values of the Term Loan Facility approximated $728,209 and $714,332 as of September 30, 2016 and December 31, 2015, respectively, based on quoted market prices, compared to the recorded value of $725,489 and $729,841 as of September 30, 2016 and December 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 forwards and swap contracts, to manage its exposures to fluctuations in foreign exchange and interest rates. For a fair value hedge, both the effective and ineffective, if significant, portions are recorded in earnings and reflected in the condensed consolidated statements of net income. For a cash flow hedge, the effective portion of the change in the fair value of the derivative is recorded in accumulated other comprehensive loss in the 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 net income on the same line as the gain or loss on the hedged item attributable to the hedged risk.

The Company formally documents its hedge relationships, including the identification of the hedging instruments and the hedged items, as well as its risk management objectives and strategies for undertaking the cash flow hedges. The Company also formally assesses whether a cash flow hedge is highly effective in offsetting changes in the cash flows of the hedged item. Derivatives are recorded at fair value in other current assets, other assets, accrued liabilities and other 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 uses forward contracts 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. The principal currencies hedged by the Company include various European currencies, the Canadian Dollar, the Mexican Peso, and the Brazilian Real. As of September 30, 2016, the notional amount of these contracts was $62,247. The amount reclassified from accumulated other comprehensive loss into cost of products sold was $769 and $2,380 for the three and nine months ended September 30, 2016, respectively. These foreign currency derivative contracts consist of hedges of transactions up to June 2017.

Interest rate swaps - 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 September 30, 2016, 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 reclassified from accumulated other comprehensive loss into interest expense, net of interest income was $803 and $2,393 for the three and nine months ended September 30, 2016, respectively. The amount to be reclassified in the next twelve months is expected to be approximately $2,937.

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Accounts Receivable Factoring

9 Months Ended

Sep. 30, 2016

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.

As of September 30, 2016 and December 31, 2015, the Company had $66,901 and $63,473, respectively, outstanding under receivable transfer agreements without recourse entered into by various locations. The total amount of accounts receivable factored without recourse was $188,934 and $207,432 for the nine months ended September 30, 2016 and 2015, respectively. Costs incurred on the sale of receivables were $391 and $468 for the three months ended September 30, 2016 and 2015, respectively, and $1,286 and $1,658 for the nine months ended September 30, 2016 and 2015, respectively. These amounts are recorded in other (expense) income, net and interest expense, net of interest income in the condensed consolidated statements of net income.

As of September 30, 2016 and December 31, 2015, the Company had $6,297 and $3,433, 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 with recourse was $46,610 and $27,383 for the nine months ended September 30, 2016 and 2015, respectively. Costs incurred on the sale of receivables were $55 and $38 for the three months ended September 30, 2016 and 2015, respectively, and $185 and $115 for the nine months ended September 30, 2016 and 2015, respectively. These amounts are recorded in other (expense) income, net and interest expense, net of interest income in the condensed consolidated statements of net income.

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Commitments and Contingencies

9 Months Ended

Sep. 30, 2016

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

The Company is periodically involved in claims, litigation and various legal matters that arise in the ordinary course of business. In addition, the Company conducts and monitors environmental investigations and remedial actions at certain locations. The Company accrues 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 September 30, 2016, the Company does not believe that there is a reasonable possibility that any material loss exceeding the amounts already recognized for litigation claims and matters, if any, has been incurred. However, the ultimate resolutions of these proceedings and matters are inherently unpredictable. As such, the Company's 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.

On March 30, 2016, a putative class action complaint alleging conspiracy to fix the price of body sealing products used in automobiles and other light-duty vehicles was filed in Ontario against numerous automotive suppliers, including Cooper-Standard Holdings Inc., CSA U.S. and Cooper-Standard Automotive Canada Limited (“CS Defendants”) and Nishikawa Cooper LLC, a joint venture in which the Company holds a 40% interest. Plaintiffs purport to be indirect purchasers of body sealing products supplied by the CS Defendants and/or the other defendants during the relevant period. The plaintiffs seek recovery of damages against all defendants in an amount to be determined, punitive damages, as well as pre-judgment and post-judgment interest and related costs and expenses of the litigation. The Company believes the claims asserted against the CS Defendants are without merit and intends to vigorously defend against these claims. Further, the Company does not believe that there is a material loss that is probable and reasonably estimable related to these claims.

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Business Segments

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Business Segments

Business Segments

The Company has determined that it operates in four reportable segments, North America, Europe, Asia Pacific and South America. The Company’s principal products within each of these segments are sealing, fuel and brake delivery, fluid transfer 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 September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Sales to external customers
North America	$	450,795		$	456,352		$	1,361,183		$	1,327,262
Europe	242,773			247,275			794,411			784,387
Asia Pacific	137,174			102,080			380,483			299,619
South America	24,914			21,824			61,380			77,134
Consolidated	$	855,656		$	827,531		$	2,597,457		$	2,488,402
Intersegment sales
North America	$	3,409		$	3,037		$	9,908		$	10,933
Europe	3,600			3,103			10,081			8,523
Asia Pacific	1,426			2,196			3,925			5,032
South America	1			28			5			45
Eliminations	(8,436		)	(8,364		)	(23,919		)	(24,533		)
Consolidated	$	—		$	—		$	—		$	—
Segment profit (loss)
North America	$	55,031		$	58,327		$	169,857		$	156,978
Europe	(5,632		)	(4,766		)	(7,510		)	(6,377		)
Asia Pacific	3,037			(690		)	6,073			3,745
South America	(3,265		)	(7,484		)	(16,685		)	(20,114		)
Consolidated	$	49,171		$	45,387		$	151,735		$	134,232

	September 30, 2016		December 31, 2015
Segment assets
North America	$	956,265	$	864,647
Europe	708,615		631,309
Asia Pacific	575,745		508,704
South America	47,708		39,117
Eliminations and other	174,971		260,515
Consolidated	$	2,463,304	$	2,304,292

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Overview (Policies)

9 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

Basis of presentation

Basis of presentation

Cooper-Standard Holdings Inc. (together with its consolidated subsidiaries, the “Company” or “Cooper Standard”), through its wholly-owned subsidiary, Cooper-Standard Automotive Inc. (“CSA U.S.”), is a leading manufacturer of sealing, fuel and brake delivery, fluid transfer, and anti-vibration systems. 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 U.S. 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, 2015 (the “2015 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. Certain prior period amounts have been reclassified to conform to the current period financial statement presentation. The operating results for the interim period ended September 30, 2016 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

Recently adopted accounting pronouncements

In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The guidance simplifies several aspects of the accounting for employee share-based payment transactions including the accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as classification of related amounts within the statement of cash flows. The guidance is effective for annual and interim reporting periods beginning after December 15, 2016. Early adoption is permitted, and the Company adopted this guidance during the second quarter of 2016. The provisions related to forfeitures were adopted on a modified retrospective basis to record actual forfeitures as they occur in the Company's condensed consolidated financial statements, and the impact from adoption resulted in a cumulative effect adjustment of $473 to retained earnings. Provisions related to income taxes were adopted prospectively from January 1, 2016, and resulted in a tax benefit of $3,212 for the three months ended June 30, 2016. Provisions related to the statement of cash flows have been adopted prospectively and result in the recognition of excess tax benefits in cash provided by operating activities.

In July 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement - Period Adjustments. This ASU requires an acquirer to recognize adjustments to estimated amounts identified during the measurement period in the reporting period in which the adjustment is determined and not restate prior amounts disclosed. This guidance was effective for annual and interim reporting periods beginning after December 15, 2015. The Company adopted this guidance effective January 1, 2016. The adoption of this ASU did not 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 was effective for annual and interim reporting periods beginning after December 15, 2015. The Company adopted this guidance effective January 1, 2016. The adoption of this ASU had no impact on the Company's condensed consolidated financial statements.

Recently issued accounting pronouncements

In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. The amendments provide guidance on eight specific cash flow issues, thereby reducing diversity in practice. The amendments are effective for annual and interim reporting periods beginning after December 15, 2017. Early adoption is permitted. An entity that elects early adoption must adopt all of the amendments in the same period. The guidance requires companies to use a retrospective transition method upon adoption. The Company is currently evaluating the impact of adopting this guidance on its condensed consolidated financial statements.

In March 2016, the FASB issued ASU 2016-07, Investments - Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting. This guidance eliminates the requirement that an investor retrospectively apply equity method accounting when an investment that it had accounted for by another method initially qualifies for the equity method. The guidance requires that an equity method investor add the cost of acquiring the additional interest to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. This guidance is effective for annual and interim reporting 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 February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The guidance revises existing U.S. GAAP by requiring lessees to recognize assets and liabilities for all leases (with an exception of short-term leases). This guidance is effective for annual and interim reporting periods beginning after December 15, 2018. Early adoption is permitted. The guidance requires companies to use a modified retrospective approach upon adoption. The Company is currently evaluating the impact of adopting this guidance on its condensed consolidated financial statements.

In July 2015, the FASB issued ASU 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory. This ASU requires entities to measure most inventory at the lower of cost and net realizable value rather than at the lower of cost or market. This guidance is effective for annual and interim reporting periods beginning after December 15, 2016. The Company is currently evaluating the impact of adopting this guidance on its 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 and interim reporting periods ending 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. In July 2015, the FASB issued ASU 2015-14, which delays the effective date of this guidance to annual and interim reporting periods beginning after December 15, 2017. Early adoption is permitted as of the original effective date of annual and interim reporting periods beginning after December 15, 2016. 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.

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Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2016

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 nine months ended September 30, 2016 are summarized as follows:

	North America		Europe		Asia Pacific			Total
Balance as of December 31, 2015	$	114,109	$	11,056	$	24,054		$	149,219
Acquisition	7,175		—		2,972			10,147
Consolidation of joint venture	—		—		10,869			10,869
Foreign exchange translation	790		384		(615		)	559
Balance as of September 30, 2016	$	122,074	$	11,440	$	37,280		$	170,794

Intangible Assets and Accumulated Amortization Balances

The following table presents intangible assets and accumulated amortization balances of the Company as of September 30, 2016 and December 31, 2015, respectively:

	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	135,482	$	(70,075	)	$	65,407
Developed technology	8,971		(8,449		)	522
Other	21,668		(1,649		)	20,019
Balance as of September 30, 2016	$	166,121	$	(80,173	)	$	85,948
Customer relationships	$	115,285	$	(61,375	)	$	53,910
Developed technology	8,854		(7,673		)	1,181
Other	16,290		(679		)	15,611
Balance as of December 31, 2015	$	140,429	$	(69,727	)	$	70,702

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Restructuring (Tables)

9 Months Ended

Sep. 30, 2016

Restructuring and Related Activities [Abstract]

Summary of Activity of Restructuring

The following table summarizes the restructuring expense by segment for the three and nine months ended September 30, 2016 and 2015:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
North America	$	306	$	1,342	$	1,661	$	3,062
Europe	9,691		7,134		30,184		31,683
Asia Pacific	433		64		1,623		64
Total	$	10,430	$	8,540	$	33,468	$	34,809

Schedule of Restructuring Reserve by Type of Cost

The following table summarizes the activity for restructuring initiatives for the nine months ended September 30, 2016:

	Employee Separation Costs			Other Exit Costs			Total
Balance as of December 31, 2015	$	32,707		$	1,768		$	34,475
Expense	12,345			21,123			33,468
Cash payments	(24,363		)	(21,248		)	(45,611		)
Foreign exchange translation and other	1,251			181			1,432
Balance as of September 30, 2016	$	21,940		$	1,824		$	23,764

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Inventories (Tables)

9 Months Ended

Sep. 30, 2016

Inventory Disclosure [Abstract]

Summary of Inventories

Inventories were comprised of the following as of September 30, 2016 and December 31, 2015:

	September 30, 2016		December 31, 2015
Finished goods	$	41,245	$	43,031
Work in process	36,669		32,863
Raw materials and supplies	83,098		73,751
	$	161,012	$	149,645

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Debt (Tables)

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Outstanding Debt

Outstanding debt consisted of the following as of September 30, 2016 and December 31, 2015:

	September 30, 2016			December 31, 2015
Term loan	$	725,489		$	729,841
Other borrowings	54,338			48,071
Total debt	$	779,827		$	777,912
Less current portion	(53,139		)	(45,494		)
Total long-term debt	$	726,688		$	732,418

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Pension and Postretirement Benefits other than Pensions (Tables)

9 Months Ended

Sep. 30, 2016

Compensation and Retirement Disclosure [Abstract]

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

The following tables disclose the components of net periodic benefit (income) cost for the three and nine months ended September 30, 2016 and 2015 for the Company’s defined benefit plans and other postretirement benefit plans:

	Pension Benefits
	Three Months Ended September 30,
	2016						2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	202		$	861		$	232		$	868
Interest cost	3,145			1,267			3,084			1,261
Expected return on plan assets	(3,959		)	(788		)	(4,421		)	(830		)
Amortization of prior service cost and actuarial loss	429			555			276			665
Other	—			—			—			114
Net periodic benefit (income) cost	$	(183	)	$	1,895		$	(829	)	$	2,078
	Pension Benefits
	Nine Months Ended September 30,
	2016						2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	606		$	2,575		$	696		$	2,633
Interest cost	9,435			3,805			9,252			3,845
Expected return on plan assets	(11,877		)	(2,367		)	(13,263		)	(2,559		)
Amortization of prior service cost and actuarial loss	1,287			1,664			828			2,012
Other	—			—			—			355
Net periodic benefit (income) cost	$	(549	)	$	5,677		$	(2,487	)	$	6,286

	Other Postretirement Benefits
	Three Months Ended September 30,
	2016						2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	90		$	94		$	109		$	93
Interest cost	346			172			353			165
Amortization of prior service credit and actuarial gain	(507		)	(16		)	(396		)	(5		)
Other	1			—			6			—
Net periodic benefit (income) cost	$	(70	)	$	250		$	72		$	253
	Other Postretirement Benefits
	Nine Months Ended September 30,
	2016						2015
	U.S.			Non-U.S.			U.S.			Non-U.S.
Service cost	$	270		$	280		$	327		$	290
Interest cost	1,038			510			1,059			516
Amortization of prior service credit and actuarial gain	(1,521		)	(47		)	(1,188		)	(15		)
Other	3			—			18			—
Net periodic benefit (income) cost	$	(210	)	$	743		$	216		$	791

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Accumulated Other Comprehensive Income (Loss) (Tables)

9 Months Ended

Sep. 30, 2016

Equity [Abstract]

Changes in Accumulated Other Comprehensive Income (Loss)

The changes in accumulated other comprehensive income (loss) by component for the three and nine months ended September 30, 2016 and 2015, net of related tax, are as follows:

	Three Months Ended September 30, 2016
	Cumulative currency translation adjustment				Benefit plan liabilities				Fair value change of derivatives				Total
Balance as of June 30, 2016	$	(120,780	)		$	(84,595	)		$	(4,766	)		$	(210,141	)
Other comprehensive income (loss) before reclassifications	2,681			(1)	(497		)		828				3,012
Amounts reclassified from accumulated other comprehensive income (loss)	—				348			(2)	1,053			(3)	1,401
Balance as of September 30, 2016	$	(118,099	)		$	(84,744	)		$	(2,885	)		$	(205,728	)

(1) Includes $511 of other comprehensive income related to intra-entity foreign currency balances that are of a long-term investment nature.

(2) Includes actuarial losses of $555, offset by prior service credits of $79, net of tax of $128. See Note 7.

(3) Includes losses related to the interest rate swap of $803 included in interest expense, net of interest income, and losses related to foreign exchange contracts of $769 included in cost of products sold, net of tax of $519.

	Three Months Ended September 30, 2015
	Cumulative currency translation adjustment				Benefit plan liabilities				Fair value change of derivatives				Total
Balance as of June 30, 2015	$	(92,364	)		$	(82,040	)		$	(2,942	)		$	(177,346	)
Other comprehensive income (loss) before reclassifications	(27,474		)	(1)	481				(784		)		(27,777		)
Amounts reclassified from accumulated other comprehensive income (loss)	—				390			(2)	413			(3)	803
Balance as of September 30, 2015	$	(119,838	)		$	(81,169	)		$	(3,313	)		$	(204,320	)

(1) Includes $4,332 of other comprehensive loss related to intra-entity foreign currency balances that are of a long-term investment nature.

(2) Includes actuarial losses of $606, offset by prior service credits of $72, net of tax of $144. See Note 7.

(3) Includes losses related to foreign exchange contracts of $635 included in cost of products sold, net of tax of $222.

	Nine Months Ended September 30, 2016
	Cumulative currency translation adjustment				Benefit plan liabilities				Fair value change of derivatives				Total
Balance as of December 31, 2015	$	(130,661	)		$	(84,124	)		$	(2,280	)		$	(217,065	)
Other comprehensive income (loss) before reclassifications	12,562			(1)	(1,638		)		(3,803		)		7,121
Amounts reclassified from accumulated other comprehensive income (loss)	—				1,018			(2)	3,198			(3)	4,216
Balance as of September 30, 2016	$	(118,099	)		$	(84,744	)		$	(2,885	)		$	(205,728	)

(1) Includes $9,699 of other comprehensive income related to intra-entity foreign currency balances that are of a long-term investment nature.

(2) Includes actuarial losses of $1,636, offset by prior service credits of $246, net of tax of $372. See Note 7.

(3) Includes losses related to the interest rate swap of $2,393 included in interest expense, net of interest income, and losses related to foreign exchange contracts of $2,380 included in cost of products sold, net of tax of $1,575.

	Nine Months Ended September 30, 2015
	Cumulative currency translation adjustment				Benefit plan liabilities				Fair value change of derivatives				Total
Balance as of December 31, 2014	$	(50,371	)		$	(86,861	)		$	(2,011	)		$	(139,243	)
Other comprehensive income (loss) before reclassifications	(67,858		)	(1)	4,502				(1,903		)		(65,259		)
Amounts reclassified from accumulated other comprehensive income (loss)	(1,609		)	(2)	1,190			(3)	601			(4)	182
Balance as of September 30, 2015	$	(119,838	)		$	(81,169	)		$	(3,313	)		$	(204,320	)

(1) Includes $18,265 of other comprehensive loss related to intra-entity foreign currency balances that are of a long-term investment nature.

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

(3) Includes actuarial losses of $1,871, offset by prior service credits of $244, net of tax of $437. See Note 7.

(4) Includes losses related to foreign exchange contracts of $925 included in cost of products sold, net of tax of $324.

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

9 Months Ended

Sep. 30, 2016

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 September 30,					Nine Months Ended September 30,
	2016		2015			2016		2015
Net income attributable to Cooper-Standard Holdings Inc.	$	36,362	$	32,732		$	107,874	$	90,215
Increase (decrease) in fair value of share-based awards	37		(17		)	49		—
Diluted net income available to Cooper-Standard Holdings Inc. common stockholders	$	36,399	$	32,715		$	107,923	$	90,215
Basic weighted average shares of common stock outstanding	17,469,156		17,294,155			17,388,541		17,137,331
Dilutive effect of common stock equivalents	1,291,507		1,135,858			1,315,037		1,190,579
Diluted weighted average shares of common stock outstanding	18,760,663		18,430,013			18,703,578		18,327,910
Basic net income per share attributable to Cooper-Standard Holdings Inc.	$	2.08	$	1.89		$	6.20	$	5.26
Diluted net income per share attributable to Cooper-Standard Holdings Inc.	$	1.94	$	1.78		$	5.77	$	4.92

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 September 30,		Nine Months Ended September 30,
	2016	2015	2016	2015
Number of options	—	145,900	—	145,900
Exercise price	—	$64.74-70.20	—	$64.74-70.20

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Other (Expense) Income, Net (Tables)

9 Months Ended

Sep. 30, 2016

Other Income and Expenses [Abstract]

Details of Components of Other Income Expense, Net

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Gain on remeasurement of previously held equity interest	$	—		$	—		$	—		$	14,199
Foreign currency losses	(331		)	(3,049		)	(2,035		)	(3,482		)
Secondary offering underwriting fees	—			—			(5,900		)	—
Loss on sale of receivables	(207		)	(232		)	(674		)	(810		)
Miscellaneous income	20			—			20			—
Other (expense) income, net	$	(518	)	$	(3,281	)	$	(8,589	)	$	9,907

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Fair Value Measurements and Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Fair Value Hierarchy Level for Company's Liabilities Measured

Fair value measurements and the fair value hierarchy level for the Company’s liabilities measured or disclosed at fair value on a recurring basis as of September 30, 2016 and December 31, 2015, are shown below:

	September 30, 2016			December 31, 2015			Input
Forward foreign exchange contracts - other current assets	$	355		$	900		Level 2
Forward foreign exchange contracts - accrued liabilities	(507		)	(79		)	Level 2
Interest rate swaps - other current assets	35			32			Level 2
Interest rate swaps - other assets	46			38			Level 2
Interest rate swaps - accrued liabilities	(2,973		)	(2,991		)	Level 2
Interest rate swaps - other liabilities	(1,499		)	(1,739		)	Level 2

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Business Segments (Tables)

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Information on Company's Business Segments

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Sales to external customers
North America	$	450,795		$	456,352		$	1,361,183		$	1,327,262
Europe	242,773			247,275			794,411			784,387
Asia Pacific	137,174			102,080			380,483			299,619
South America	24,914			21,824			61,380			77,134
Consolidated	$	855,656		$	827,531		$	2,597,457		$	2,488,402
Intersegment sales
North America	$	3,409		$	3,037		$	9,908		$	10,933
Europe	3,600			3,103			10,081			8,523
Asia Pacific	1,426			2,196			3,925			5,032
South America	1			28			5			45
Eliminations	(8,436		)	(8,364		)	(23,919		)	(24,533		)
Consolidated	$	—		$	—		$	—		$	—
Segment profit (loss)
North America	$	55,031		$	58,327		$	169,857		$	156,978
Europe	(5,632		)	(4,766		)	(7,510		)	(6,377		)
Asia Pacific	3,037			(690		)	6,073			3,745
South America	(3,265		)	(7,484		)	(16,685		)	(20,114		)
Consolidated	$	49,171		$	45,387		$	151,735		$	134,232

	September 30, 2016		December 31, 2015
Segment assets
North America	$	956,265	$	864,647
Europe	708,615		631,309
Asia Pacific	575,745		508,704
South America	47,708		39,117
Eliminations and other	174,971		260,515
Consolidated	$	2,463,304	$	2,304,292

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Overview Additional Information (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2016 USD ($)
Accounting Changes and Error Corrections [Abstract]
Cumulative effect of change in accounting principle	$ (473)
New Accounting Pronouncement or Change in Accounting Principle, Effect of Change on Net Income	$ 3,212

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Acquisitions - Additional Information (Details) - USD ($) $ in Thousands		3 Months Ended					9 Months Ended
	Feb. 27, 2015	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Sep. 30, 2015	Mar. 31, 2015	Sep. 30, 2016	Sep. 30, 2015
Business Acquisition [Line Items]
Goodwill, Other Increase (Decrease)							$ 10,869
Acquisition of businesses, net of cash acquired							37,478	$ 34,396
Payments to Acquire Additional Interest in Subsidiaries							0	1,262
Gain on remeasurement of previously held equity interest		$ 0			$ 0		0	$ 14,199
Goodwill, Acquired During Period							10,147
Series of Individually Immaterial Business Acquisitions [Member]
Business Acquisition [Line Items]
Acquisition of businesses, net of cash acquired			$ 2,458	$ 3,020
Total Payments to Acquire Businesses, Gross							5,478
Goodwill, Acquired During Period			$ 2,972
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
North America [Member]
Business Acquisition [Line Items]
Goodwill, Other Increase (Decrease)							0
Acquisition of businesses, net of cash acquired							32,000
Goodwill, Acquired During Period							$ 7,175
Guangzhou [Member]
Business Acquisition [Line Items]
Equity Method Investment, Ownership Percentage		51.00%					51.00%

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Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2016
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization expenses		$ 3,457	$ 3,599	$ 9,974	$ 10,819
Scenario, Forecast [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Estimated Amortization Expenses						$ 13,600
North America [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 19,410	19,410		19,410
North America [Member] | Customer relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	11 years
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 19,000	19,000		19,000
North America [Member] | Patents [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	15 years
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 410	410		410
Guangzhou [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 6,605	6,605		6,605
Guangzhou [Member] | Customer relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 1,313	1,313		1,313
Guangzhou [Member] | Use Rights [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	45 years
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 5,292	$ 5,292		$ 5,292

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Goodwill and Intangible Assets - Carrying Amount of Goodwill by Reportable Operating Segment (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2016 USD ($)
Goodwill [Line Items]
Goodwill, Acquired During Period	$ 10,147
Goodwill, Other Increase (Decrease)	10,869
Goodwill [Roll Forward]
Goodwill, Beginning Balance	149,219
Foreign exchange translation	559
Goodwill, Ending Balance	170,794
North America [Member]
Goodwill [Line Items]
Goodwill, Acquired During Period	7,175
Goodwill, Other Increase (Decrease)	0
Goodwill [Roll Forward]
Goodwill, Beginning Balance	114,109
Foreign exchange translation	790
Goodwill, Ending Balance	122,074
Europe [Member]
Goodwill [Line Items]
Goodwill, Acquired During Period	0
Goodwill, Other Increase (Decrease)	0
Goodwill [Roll Forward]
Goodwill, Beginning Balance	11,056
Foreign exchange translation	384
Goodwill, Ending Balance	11,440
Asia Pacific [Member]
Goodwill [Line Items]
Goodwill, Acquired During Period	2,972
Goodwill, Other Increase (Decrease)	10,869
Goodwill [Roll Forward]
Goodwill, Beginning Balance	24,054
Foreign exchange translation	(615)
Goodwill, Ending Balance	$ 37,280

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Goodwill and Intangible Assets - Intangible Assets and Accumulated Amortization Balances (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 166,121	$ 140,429
Accumulated Amortization	(80,173)	(69,727)
Net Carrying Amount	85,948	70,702
Customer relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	135,482	115,285
Accumulated Amortization	(70,075)	(61,375)
Net Carrying Amount	65,407	53,910
Developed technology [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	8,971	8,854
Accumulated Amortization	(8,449)	(7,673)
Net Carrying Amount	522	1,181
Other [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	21,668	16,290
Accumulated Amortization	(1,649)	(679)
Net Carrying Amount	$ 20,019	$ 15,611

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Restructuring - Additional Information (Detail) - Europe Facilities [Member] $ in Thousands	Sep. 30, 2016 USD ($)
Restructuring Cost and Reserve [Line Items]
Estimated restructuring cost for initiative	$ 125,000
Restructuring and Related Cost, Cost Incurred to Date	$ 78,000

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Restructuring - Summary of Restructuring Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring	$ 10,430	$ 8,540	$ 33,468	$ 34,809
North America [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	306	1,342	1,661	3,062
Europe [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	9,691	7,134	30,184	31,683
Asia Pacific [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring	$ 433	$ 64	$ 1,623	$ 64

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Restructuring - Summary of Activity of Restructuring (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance			$ 34,475
Restructuring	$ 10,430	$ 8,540	33,468	$ 34,809
Cash payments			(45,611)
Foreign exchange translation and other			1,432
Restructuring Reserve, Ending Balance	23,764		23,764
Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance			32,707
Restructuring			12,345
Cash payments			(24,363)
Foreign exchange translation and other			1,251
Restructuring Reserve, Ending Balance	21,940		21,940
Other Exit Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance			1,768
Restructuring			21,123
Cash payments			(21,248)
Foreign exchange translation and other			181
Restructuring Reserve, Ending Balance	$ 1,824		$ 1,824

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Inventories - Summary of Inventories (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
Finished goods	$ 41,245	$ 43,031
Work in process	36,669	32,863
Raw materials and supplies	83,098	73,751
Inventories	$ 161,012	$ 149,645

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Debt - Outstanding Debt (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Term loan	$ 725,489	$ 729,841
Other borrowings	54,338	48,071
Total debt	779,827	777,912
Less current portion	(53,139)	(45,494)
Total long-term debt	$ 726,688	$ 732,418

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Debt - Additional Information (Detail) - USD ($) $ in Thousands		9 Months Ended
	Apr. 04, 2014	Sep. 30, 2016	Nov. 02, 2016	Jun. 11, 2014
Credit Facilities [Line Items]
Letters of credit outstanding		$ 57,084
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		$ 733,125
Discount on Senior PIK Toggle Notes	3,750	2,411
Unamortized Debt Issuance Expense	7,900	5,225
Amended Senior ABL Facility [Member]
Credit Facilities [Line Items]
Aggregate revolving loan availability	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
London Interbank Offered Rate (LIBOR) [Member]
Credit Facilities [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	1.00%
Debt Instrument, Basis Spread on Variable Rate		3.00%
Federal Funds Effective Swap Rate [Member]
Credit Facilities [Line Items]
Debt Instrument, Basis Spread on Variable Rate		0.50%
Eurodollar [Member]
Credit Facilities [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.00%
Base Rate [Member]
Credit Facilities [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.00%
Subsequent Event [Member]
Credit Facilities [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			5.625%
Aggregate revolving loan availability			$ 210,000
Senior Notes			400,000
Subsequent Event [Member] | Medium-term Notes [Member]
Credit Facilities [Line Items]
Principle amount outstanding			$ 340,000

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Pension and Postretirement Benefits other than Pensions - Net Periodic Benefit Cost of Defined Benefit Plans and Other Postretirement Benefit Plans (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
U.S. Pension Benefits [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Service cost	$ 202	$ 232	$ 606	$ 696
Interest cost	3,145	3,084	9,435	9,252
Expected return on plan assets	(3,959)	(4,421)	(11,877)	(13,263)
Amortization of prior service cost and actuarial loss	429	276	1,287	828
Other	0	0	0	0
Net periodic benefit (income) cost	(183)	(829)	(549)	(2,487)
Non-U.S. Pension Benefits [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Service cost	861	868	2,575	2,633
Interest cost	1,267	1,261	3,805	3,845
Expected return on plan assets	(788)	(830)	(2,367)	(2,559)
Amortization of prior service cost and actuarial loss	555	665	1,664	2,012
Other	0	114	0	355
Net periodic benefit (income) cost	1,895	2,078	5,677	6,286
U.S. Other Postretirement Benefits [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Service cost	90	109	270	327
Interest cost	346	353	1,038	1,059
Amortization of prior service cost and actuarial loss	(507)	(396)	(1,521)	(1,188)
Other	1	6	3	18
Net periodic benefit (income) cost	(70)	72	(210)	216
Non-U.S. Other Postretirement Benefits [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Service cost	94	93	280	290
Interest cost	172	165	510	516
Amortization of prior service cost and actuarial loss	(16)	(5)	(47)	(15)
Other	0	0	0	0
Net periodic benefit (income) cost	$ 250	$ 253	$ 743	$ 791

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Pension and Postretirement Benefits other than Pensions Additional Information (Details)	3 Months Ended
	Sep. 30, 2016 USD ($)
Additional Information [Abstract]
Defined Benefit Plan, Contributions by Employer	$ 6,378

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Income Taxes - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Effective tax rate	25.00%	28.00%	29.00%	33.00%

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Accumulated Other Comprehensive Income (Loss) - Changes in Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Accumulated Other Comprehensive Income Loss Net Of Tax [Line Items]
Beginning Balance			$ (217,065)
Ending Balance	$ (205,728)		(205,728)
Cumulative currency translation adjustment [Member]
Accumulated Other Comprehensive Income Loss Net Of Tax [Line Items]
Beginning Balance	(120,780)	$ (92,364)	(130,661)	$ (50,371)
Other comprehensive income (loss) before reclassifications	2,681	(27,474)	12,562	(67,858)
Amounts reclassified from accumulated other comprehensive income (loss)	0	0	0	(1,609)
Ending Balance	(118,099)	(119,838)	(118,099)	(119,838)
Benefit plan liabilities [Member]
Accumulated Other Comprehensive Income Loss Net Of Tax [Line Items]
Beginning Balance	(84,595)	(82,040)	(84,124)	(86,861)
Other comprehensive income (loss) before reclassifications	(497)	481	(1,638)	4,502
Amounts reclassified from accumulated other comprehensive income (loss)	348	390	1,018	1,190
Ending Balance	(84,744)	(81,169)	(84,744)	(81,169)
Fair value change of derivatives [Member]
Accumulated Other Comprehensive Income Loss Net Of Tax [Line Items]
Beginning Balance	(4,766)	(2,942)	(2,280)	(2,011)
Other comprehensive income (loss) before reclassifications	828	(784)	(3,803)	(1,903)
Amounts reclassified from accumulated other comprehensive income (loss)	1,053	413	3,198	601
Ending Balance	(2,885)	(3,313)	(2,885)	(3,313)
Accumulated other comprehensive loss [Member]
Accumulated Other Comprehensive Income Loss Net Of Tax [Line Items]
Beginning Balance	(210,141)	(177,346)	(217,065)	(139,243)
Other comprehensive income (loss) before reclassifications	3,012	(27,777)	7,121	(65,259)
Amounts reclassified from accumulated other comprehensive income (loss)	1,401	803	4,216	182
Ending Balance	$ (205,728)	$ (204,320)	$ (205,728)	$ (204,320)

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Accumulated Other Comprehensive Income (Loss) - Changes in Accumulated Other Comprehensive Income (Loss) (Additional Information) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax	$ 519	$ 222	$ 1,575	$ 324
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax				300
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax	511	(4,332)	9,699	(18,265)
Actuarial losses	555	606	1,636	1,871
Prior service credits	79	72	246	244
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Tax	128	144	372	437
Interest Rate Swap [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	(803)		(2,393)
Foreign Exchange Contract [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	$ (769)	$ (635)	$ (2,380)	$ (925)

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Net Income Per Share Attributable to Cooper-Standard Holdings Inc. - Basic and Diluted Net Income Per Share Attributable (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Share [Abstract]
Net income attributable to Cooper-Standard Holdings Inc.	$ 36,362	$ 32,732	$ 107,874	$ 90,215
Increase (decrease) in fair value of share-based awards	37	(17)	49	0
Diluted net income available to Cooper-Standard Holdings Inc. common stockholders	$ 36,399	$ 32,715	$ 107,923	$ 90,215
Basic weighted average shares of common stock outstanding	17,469,156	17,294,155	17,388,541	17,137,331
Dilutive effect of common stock equivalents	1,291,507	1,135,858	1,315,037	1,190,579
Diluted weighted average shares of common stock outstanding	18,760,663	18,430,013	18,703,578	18,327,910
Basic net income per share attributable to Cooper-Standard Holdings Inc. (usd per share)	$ 2.08	$ 1.89	$ 6.20	$ 5.26
Diluted net income per share attributable to Cooper-Standard Holdings Inc. (usd per share)	$ 1.94	$ 1.78	$ 5.77	$ 4.92

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Net Income Per Share Attributable to Cooper-Standard Holdings Inc. - Common Stock Equivalents (Detail) - Stock Option [Member] - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
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	145,900	0	145,900
Minimum [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price	$ 0	$ 64.74	$ 0	$ 64.74
Maximum [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price	$ 0	$ 70.20	$ 0	$ 70.20

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Share-Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Allocated Share-based Compensation Expense	$ 7,640	$ 3,384	$ 18,533	$ 8,348

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Common Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Mar. 31, 2016	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Equity, Class of Treasury Stock [Line Items]
Secondary Offering Shares Sold By Selling Stockholders	2,278,031
Treasury Stock Acquired, Average Cost Per Share	$ 68.00
Repurchase of common stock				$ 23,800
Secondary offering underwriting fees		$ 0	$ 0	5,900	$ 0
Professional Fees				$ 600
Common Stock [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchase of common stock (shares)				350,000
Cooper Standard Holdings Inc Equity [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchase of common stock				$ 23,800

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Other (Expense) Income, Net - Details of Components of Other Income Expense, Net (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Other Income and Expenses [Abstract]
Gain on remeasurement of previously held equity interest	$ 0	$ 0	$ 0	$ 14,199
Foreign currency losses	(331)	(3,049)	(2,035)	(3,482)
Secondary offering underwriting fees	0	0	(5,900)	0
Loss on sale of receivables	(207)	(232)	(674)	(810)
Miscellaneous income	20	0	20	0
Other (expense) income, net	$ (518)	$ (3,281)	$ (8,589)	$ 9,907

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Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Related Party Transaction Due From To Related Party [Line Items]
Secondary offering underwriting fees	$ 0	$ 0	$ 5,900	$ 0
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	$ 9,029	$ 9,619	$ 26,027	27,756
Dividend received			$ 1,880	$ 680

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Fair Value Measurements and Financial Instruments - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Term loan	$ 725,489	$ 725,489	$ 729,841
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	62,247	62,247
Amount reclassified from AOCI into cost of products sold	(769)	$ (2,380)
Forward Foreign Exchange Contracts Transaction Period		Jun. 30, 2017
Interest Rate Swap [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest expense, net of interest income	(803)	$ (2,393)
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	$ 300,000
Derivative, Maturity Date		Sep. 30, 2018
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net	2,937	$ 2,937
Medium-term Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value of the term loan	$ 728,209	$ 728,209	$ 714,332

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Fair Value Measurements and Financial Instruments - Fair Value Hierarchy Level for Company's Liabilities Measured (Detail) - Level 2 [Member] - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Other Current Assets [Member]
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items]
Forward foreign exchange contract asset	$ 355	$ 900
Interest rate swap asset	35	32
Accrued Liabilities [Member]
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items]
Forward foreign exchange contract liability	(507)	(79)
Interest rate swap liability	(2,973)	(2,991)
Other Assets [Member]
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items]
Interest rate swap asset	46	38
Other Liabilities [Member]
Fair Value Of Assets And Liabilities Measured On Recurring Basis [Line Items]
Interest rate swap liability	$ (1,499)	$ (1,739)

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Accounts Receivable Factoring - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Receivables [Abstract]
Amount outstanding under accounts receivable transfer agreements without recourse	$ 66,901		$ 66,901		$ 63,473
Total amount of accounts receivable factored without recourse			188,934	$ 207,432
Costs incurred on sale of receivables without recourse	391	$ 468	1,286	1,658
Amount outstanding under accounts receivable transfer agreements with recourse	6,297		$ 6,297		$ 3,433
Secured debt maturity period			1 year
Total amount of accounts receivable factored with recourse			$ 46,610	27,383
Costs incurred on sale of receivables with recourse	$ 55	$ 38	$ 185	$ 115

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Commitments and Contingencies Additional Information (Details)	Sep. 30, 2016
Nisco [Member]
Loss Contingencies [Line Items]
Equity Method Investment, Ownership Percentage	40.00%

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Business Segments - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2016 Segment
Segment Reporting [Abstract]
Number of reportable segments	4

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Business Segments - Information on Company's Business Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Segment Reporting Information [Line Items]
Sales to external customers	$ 855,656	$ 827,531	$ 2,597,457	$ 2,488,402
Intersegment sales	0	0	0	0
Segment profit (loss)	49,171	45,387	151,735	134,232
Segment assets	2,463,304		2,463,304		$ 2,304,292
Reportable Geographical Components [Member] | North America [Member]
Segment Reporting Information [Line Items]
Sales to external customers	450,795	456,352	1,361,183	1,327,262
Intersegment sales	3,409	3,037	9,908	10,933
Segment profit (loss)	55,031	58,327	169,857	156,978
Segment assets	956,265		956,265		864,647
Reportable Geographical Components [Member] | Europe [Member]
Segment Reporting Information [Line Items]
Sales to external customers	242,773	247,275	794,411	784,387
Intersegment sales	3,600	3,103	10,081	8,523
Segment profit (loss)	(5,632)	(4,766)	(7,510)	(6,377)
Segment assets	708,615		708,615		631,309
Reportable Geographical Components [Member] | Asia Pacific [Member]
Segment Reporting Information [Line Items]
Sales to external customers	137,174	102,080	380,483	299,619
Intersegment sales	1,426	2,196	3,925	5,032
Segment profit (loss)	3,037	(690)	6,073	3,745
Segment assets	575,745		575,745		508,704
Reportable Geographical Components [Member] | South America [Member]
Segment Reporting Information [Line Items]
Sales to external customers	24,914	21,824	61,380	77,134
Intersegment sales	1	28	5	45
Segment profit (loss)	(3,265)	(7,484)	(16,685)	(20,114)
Segment assets	47,708		47,708		39,117
Eliminations and other [Member]
Segment Reporting Information [Line Items]
Intersegment sales	(8,436)	$ (8,364)	(23,919)	$ (24,533)
Segment assets	$ 174,971		$ 174,971		$ 260,515