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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2016
Income Taxes [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The components of income (loss) before income taxes and the provision for income taxes consist of the following: ﻿
﻿ |  |  |  |  |  |
Years ended December 31 |  | 2016 |  | 2015 |  | 2014
Income (loss) before income taxes: |  |  |  |  |  |
﻿Domestic | $ | 35,088 | $ | 22,959 | $ | 1,635
﻿Foreign |  | 4,097 |  | (2,729) |  | (54,695)
﻿Total income (loss) before income taxes | $ | 39,185 | $ | 20,230 | $ | (53,060)
Provision for income taxes: |  |  |  |  |  |
Current: |  |  |  |  |  |
﻿Federal | $ | 760 | $ | 386 | $ | -
﻿State and foreign |  | 2,575 |  | 1,232 |  | 1,382
﻿Total current expense |  | 3,335 |  | 1,618 |  | 1,382
Deferred: |  |  |  |  |  |
﻿Federal |  | (37,828) |  | - |  | -
﻿ State and foreign |  | (1,896) |  | (2,165) |  | (3,238)
﻿Total deferred benefit |  | (39,724) |  | (2,165) |  | (3,238)
﻿Total income tax benefit | $ | (36,389) | $ | (547) | $ | (1,856)
﻿
Schedule of Effective Income Tax Rate Reconciliation | ﻿ ﻿ A reconciliation of the Company’s effective income tax rate to the statutory federal tax rate is as follows: ﻿
﻿ |  |  |  |  |  |  |
﻿Years ended December 31 |  | 2016 |  | 2015 |  | 2014 |
﻿Statutory U.S. federal income tax rate |  | 35.0 | % | 35.0 | % | (35.0) | %
﻿State income taxes, net of federal tax benefit |  | 1.9 |  | 0.2 |  | - |
﻿Tax credits |  | (0.8) |  | (2.8) |  | (1.3) |
﻿Foreign tax rate differential |  | (4.7) |  | (3.3) |  | 0.2 |
﻿Reduction (increase) of income tax accruals |  | 0.1 |  | (0.5) |  | 0.2 |
﻿Tax on foreign dividends, net of foreign tax credits |  | - |  | - |  | (0.1) |
﻿Reduction (increase) of deferred taxes |  | (1.3) |  | 5.5 |  | - |
﻿Valuation allowances |  | (121.6) |  | (36.0) |  | (2.1) |
﻿Loss of domestic flow-through entity not attributable to Stoneridge, Inc. |  | - |  | - |  | 33.9 |
﻿Non-deductible compensation |  | - |  | (1.5) |  | 1.0 |
﻿Other |  | (1.4) |  | 0.7 |  | (0.3) |
﻿Effective income tax rate |  | (92.8) | % | (2.7) | % | (3.5) | %
﻿
Schedule of Deferred Tax Assets and Liabilities | ﻿ ﻿ Significant components of the Company’s deferred tax assets and liabilities were as follows: ﻿
﻿ |  |  |  |
As of December 31 |  | 2016 |  | 2015
Deferred tax assets: |  |  |  |
﻿Inventories | $ | 2,156 | $ | 2,108
﻿Employee compensation and benefits |  | 4,785 |  | 3,902
﻿Insurance |  | 245 |  | 281
﻿Depreciation and amortization |  | 1,310 |  | 1,297
﻿Net operating loss carryforwards |  | 28,952 |  | 39,846
﻿General business credit carryforwards |  | 14,135 |  | 12,990
﻿Other reserves |  | 7,609 |  | 5,643
﻿Gross deferred tax assets |  | 59,192 |  | 66,067
﻿Less: Valuation allowance |  | (11,125) |  | (59,391)
﻿Deferred tax assets less valuation allowance |  | 48,067 |  | 6,676
﻿ |  |  |  |
Deferred tax liabilities: |  |  |  |
﻿Depreciation and amortization |  | (14,911) |  | (13,282)
﻿Basis difference - equity investee |  | (31,016) |  | (31,016)
﻿Other |  | (1,358) |  | (1,074)
﻿Gross deferred tax liabilities |  | (47,285) |  | (45,372)
﻿ |  |  |  |
﻿Net deferred tax asset (liability) | $ | 782 | $ | (38,696)
﻿
Classification of Net Deferred Tax Assets and Liability | The balance sheet classification of our net deferred tax asset is shown below: ﻿ ﻿
﻿ |  |  |  |
﻿Years ended December 31 |  | 2016 |  | 2015
﻿ |  |  |  |
﻿Current deferred income tax assets |  | - |  | 1,239
﻿Current deferred income tax liabilities |  | - |  | (39)
﻿Long-term deferred income tax assets |  | 10,542 |  | 1,436
﻿Long-term deferred income tax liabilities |  | (9,760) |  | (41,332)
﻿Net deferred tax asset | $ | 782 | $ | (38,696)
﻿
Summary of Income Tax Contingencies | The following is a reconciliation of the Company’s total gross unrecognized tax benefits: ﻿ ﻿
﻿ |  |  |  |  |  |
﻿ |  | 2016 |  | 2015 |  | 2014
﻿Balance as of January 1 | $ | 4,304 | $ | 3,888 | $ | 3,624
﻿ |  |  |  |  |  |
﻿Tax positions related to the current year: |  |  |  |  |  |
﻿Additions |  | 208 |  | 201 |  | 217
﻿Tax positions related to the prior years: |  |  |  |  |  |
﻿Additions |  | - |  | 523 |  | 168
﻿Reductions |  | (61) |  | - |  | -
﻿Expirations of statutes of limitation |  | (612) |  | (308) |  | (121)
﻿ |  |  |  |  |  |
﻿Balance as of December 31 | $ | 3,839 | $ | 4,304 | $ | 3,888
﻿
Schedule of Tax Years Open for Examination | The following table summarizes the open tax years for each important jurisdiction: ﻿
﻿ |  |
﻿Jurisdiction | Open Tax Years
﻿U.S. Federal |  | 2013-2016
﻿Brazil |  | 2011-2016
﻿China |  | 2013-2016
﻿France |  | 2012-2016
﻿Mexico |  | 2012-2016
﻿Spain |  | 2012-2016
﻿Sweden |  | 2011-2016
﻿United Kingdom |  | 2012-2016
﻿

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- Definition 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 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition 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 -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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