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Segment Reporting
3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Segment Reporting Disclosure Segment Reporting
The Company’s organizational structure changed on January 1, 2020, creating a global automotive business (“Automotive”) and Advanced Technology Group (“ATG”). The Company’s business is now organized in the following reportable segments: North America, Europe, Asia Pacific and South America. ATG and all other business activities are reported in Corporate, eliminations and other. The Corporate, eliminations and other External Sales and Intersegment Sales amounts previously reported for the three months ended March 31, 2019 have been reclassified from North America and Europe from the table below. The adjusted EBITDA amounts previously reported for the three months ended March 31, 2019 and Segment Asset amounts previously reported as of December 31, 2019 have been reclassified from North America, Europe, Asia Pacific and South America from the tables below.
The Company’s principal products within each of these segments are sealing, fuel and brake delivery, and fluid transfer systems. During the first quarter of 2019 and in prior periods, the Company also operated an anti-vibration systems product line. On April 1, 2019, the Company completed the divestiture of the AVS product line.
The Company uses Segment adjusted EBITDA as the measure of earnings to assess the performance of each segment and determine the resources to be allocated to the segments. The results of each segment include certain allocations for general, administrative and other shared costs. Segment adjusted EBITDA may not be comparable to similarly titled measures reported by other companies.

Certain financial information on the Company’s reportable segments was as follows:
 
 
Three Months Ended March 31,
 
 
2020
 
2019
 
 
External Sales
 
Intersegment Sales
 
Adjusted EBITDA
 
External Sales
 
Intersegment Sales
 
Adjusted EBITDA
North America
 
$
334,801

 
$
4,468

 
$
37,019

 
$
447,718

 
$
4,707

 
$
59,151

Europe
 
185,242

 
3,091

 
(4,623
)
 
242,400

 
3,085

 
9,275

Asia Pacific
 
79,344

 
457

 
(17,057
)
 
125,452

 
741

 
(407
)
South America
 
20,471

 
68

 
(4,577
)
 
23,237

 
5

 
(1,033
)
Total Automotive
 
619,858

 
8,084

 
10,762

 
838,807

 
8,538

 
66,986

Corporate, eliminations and other
 
35,032

 
(8,084
)
 
(2,483
)
 
39,188

 
(8,538
)
 
(2,852
)
Consolidated
 
$
654,890

 
$

 
$
8,279

 
$
877,995

 
$

 
$
64,134


 
Three Months Ended March 31,
 
2020

2019
Adjusted EBITDA
$
8,279

 
$
64,134

Impairment of assets held for sale
(74,079
)
 

Restructuring charges
(7,276
)
 
(17,715
)
Project costs
(2,425
)
 
(1,263
)
Other impairment charges
(684
)
 

Lease termination costs
(520
)
 

EBITDA
$
(76,705
)
 
$
45,156

Income tax benefit (expense)
14,117

 
(2,034
)
Interest expense, net of interest income
(10,237
)
 
(11,932
)
Depreciation and amortization
(37,763
)
 
(36,605
)
Net loss attributable to Cooper-Standard Holdings Inc.
$
(110,588
)
 
$
(5,415
)

 
March 31, 2020
 
December 31, 2019
Segment assets:
 
 
 
North America
$
1,011,035

 
$
1,040,650

Europe
455,656

 
553,977

Asia Pacific
536,618

 
614,952

South America
58,923

 
65,438

Total Automotive
2,062,232

 
2,275,017

Corporate, eliminations and other
422,031

 
360,565

Consolidated
$
2,484,263

 
$
2,635,582