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Selected Quarterly Information (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Information Selected Quarterly Information (Unaudited)
2019
First
Quarter
(1 
) 
Second
Quarter
(1 
) 
Third
Quarter
(1 
) 
Fourth
Quarter
 
Sales
$
877,995

 
$
764,698

 
$
739,518

 
$
726,189

 
Gross profit
115,505

 
97,870

 
80,205

 
65,542

 
Net income (loss)
(5,363
)
 
144,660

(3) 

(6,420
)
 
(70,664
)
(4) 
Net income (loss) attributable to Cooper-Standard Holdings Inc.
(5,415
)
 
145,205

(3) 

(4,877
)
 
(67,384
)
(4) 
Basic net income (loss) per share attributable to Cooper-Standard Holdings Inc. (2)
$
(0.31
)
 
$
8.39

 
$
(0.29
)
 
$
(4.00
)
 
Diluted net income (loss) per share attributable to Cooper-Standard Holdings Inc. (2)
$
(0.31
)
 
$
8.36

 
$
(0.29
)
 
$
(4.00
)
 
2018
First
Quarter
(1 
) 
Second
Quarter
(1 
) 
Third
Quarter
(1 
) 
Fourth
Quarter
(1 
) 
Sales
$
965,686

 
$
927,555

 
$
860,141

 
$
870,660

 
Gross profit
169,175

 
150,658

 
118,143

 
110,329

 
Net income (loss)
55,759

 
42,516

 
31,266

 
(30,486
)
(5) 

Net income (loss) attributable to Cooper-Standard Holdings Inc.
55,135

 
41,191

 
31,482

 
(24,207
)
(5) 

Basic net income (loss) per share attributable to Cooper-Standard Holdings Inc. (2)
$
3.06

 
$
2.29

 
$
1.77

 
$
(1.36
)
 
Diluted net income (loss) per share attributable to Cooper-Standard Holdings Inc. (2)
$
2.98

 
$
2.24

 
$
1.73

 
$
(1.36
)
 

(1) Refer to Note 2. “Basis of Presentation and Summary of Significant Accounting Policies” for further detail related to adjustments made in the previously issued financial statements as a result of errors related to the timing of recording pricing concessions with customers in the Asia Pacific region and other immaterial errors. The out-of-period adjustment in the third quarter 2019 resulted in an increase in sales of $10,497, increase in net income of $9,178, and increase in diluted EPS of $0.53 for the three months ended September 30, 2019.
(2) Full year basic and diluted EPS will not necessarily agree to the sum of the four quarters because each quarter is a separate calculation.
(3) The second quarter of 2019 net income amount includes gain on sale of the AVS business.
(4) The fourth quarter of 2019 net income amount includes impairment charges related to fixed assets and non-cash pension settlement charges.
(5) The fourth quarter of 2018 net income amount includes impairment charges related to goodwill, intangible assets and fixed assets and the release of a valuation allowance against net deferred tax assets recorded in France and capital loss carryforwards in the U.S.