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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The provision for income taxes included in the accompanying consolidated financial statements represents federal, state and foreign income taxes. The components of income before income taxes and the provision for income taxes consist of the following:

Years ended December 31		2012				2011				2010
Income (loss) before income taxes:
Domestic		$	3,411			$	62,510			$	(4,405	)
Foreign			1,149				9,132				16,429
Total income before income taxes		$	4,560			$	71,642			$	12,024
Provision for income taxes:
Current:
Federal		$	-			$	-			$	-
State and foreign			3,545				2,167				1,147
Total current provision			3,545				2,167				1,147
Deferred:
Federal			98				23,443				1,188
State and foreign			(2,831	)			495				(1,657	)
Total deferred provision (benefit)			(2,733	)			23,938				(469	)
Total provision for income taxes		$	812			$	26,105			$	678

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation of the Company’s effective income tax rate to the statutory federal tax rate is as follows:

Years ended December 31		2012				2011				2010
Statutory U.S. deferal income tax rate			35.0	%			35.0	%			35.0	%
State income taxes, net of federal tax benefit			3.8				0.2				1.3
Tax credits			-				(1.4	)			(7.5	)
Foreign rate differential			(16.1	)			(1.4	)			(51.4	)
Reduction (increase) of income tax accruals			0.5				0.1				(0.1	)
Tax on foreign dividends, net of foreign tax credits			45.6				1.1				39.0
Reduction of deferred taxes			6.4				0.3				7.4
Valuation allowances			(78.3	)			(1.4	)			(9.7	)
Loss of domestic flow-through entity not attributable to Stoneridge, Inc.			6.8				1.9				0.5
Non-deductible compensation			12.8				0.3				4.9
Other comprehensive income			-				-				(9.6	)
Other			1.3				1.7				(4.2	)
Effective income tax rate			17.8	%			36.4	%			5.6	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Significant components of the Company’s deferred tax assets and liabilities were as follows:

As of December 31		2012				2011
Deferred tax assets:
Inventories		$	3,200			$	3,128
Employee salary and benefits			3,860				3,542
Insurance			562				759
Depreciation and amortization			10,029				14,448
Net operating loss carryforwards			44,057				44,094
General business credit carryforwards			11,897				10,987
Reserves not currently deductible			5,420				6,315
Gross deferred tax assets			79,025				83,273
Less: Valuation allowance			(71,790	)			(78,211	)
Deferred tax assets less valuation allowance			7,235				5,062
Deferred tax liabilities:
Depreciation and amortization			(29,615	)			(35,845	)
Basis difference - equity investee			(31,016	)			(31,016	)
Other			(4,315	)			(1,600	)
Gross deferred tax liabilities			(64,946	)			(68,461	)
Net deferred tax liability		$	(57,711	)		$	(63,399	)

Summary of Income Tax Contingencies [Table Text Block]

The following is a reconciliation of the Company’s total gross unrecognized tax benefits:

		2012				2011				2010
Balance as of January 1		$	3,452			$	3,101			$	2,838
Tax positions related to the current year:
Additions			93				381				387
Tax positions related to prior years:
Additions			-				28				-
Reductions			(58	)			-				(11	)
Expiration of statutes of limitation			(71	)			(58	)			(113	)
Balance as of December 31		$	3,416			$	3,452			$	3,101

Schedule Of Tax Years Open For Examination [Table Text Block]

The following table summarizes the open tax years for each important jurisdiction:

Jurisdiction		Open Tax Years
U.S. Federal			2009-2012
Brazil			2007-2012
China			2009-2012
France			2008-2012
Mexico			2008-2012
Spain			2008-2012
Sweden			2007-2012
United Kingdom			2008-2012

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The tabular disclosure of tax year that remains open to examination under enacted tax laws.

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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