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Investments | 9 Months Ended
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Sep. 30, 2018
Investments [Abstract] |
Investments | ﻿ ﻿ (15) Investments Minda Stoneridge Instruments Ltd. The Company has a 49% equity interest in Minda Stoneridge Instruments Ltd. (“Minda”), a company based in India that manufactures electronics, instrumentation equipment and sensors primarily for the motorcycle and commercial vehicle markets. The investment is accounted for under the equity method of accounting. The Company's investment in Minda, recorded as a component of investments and other long-term assets, net on the condensed consolidated balance sheets, was $10,218 and $10,131 at September 30, 2018 and December 31, 2017, respectively. Equity in earnings of Minda included in the condensed consolidated statements of operations was $249 and $465, for the three months ended September 30, 2018 and 2017, respectively. Equity in earnings of Minda included in the condensed consolidated statements of operations was $1,435 and $1,200, for the nine months ended September 30, 2018 and 2017, respectively. ﻿ PST Eletrônica Ltda. The Company had a 74% controlling interest in PST from December 31, 2011 through May 15, 2017. On May 16, 2017, the Company acquired the 26% noncontrolling interest in PST for $1,500 in cash along with earn-out consideration. The Company will be required to pay additional earn-out consideration, which is not capped, based on PST’s financial performance in either 2020 or 2021. The preliminary estimated fair value of the earn-out consideration as of the acquisition date was $10,180 and was based on discounted cash flows utilizing forecasted EBITDA in 2020 and 2021. The Company’s statement of operations for the three and nine months ended September 30, 2018 included $501 and $1,549, respectively, of expense for the fair value adjustment for earn-out consideration in SG&A expenses. The Company’s statement of operations for the three and nine months ended September 30, 2017 included $475 and $719, respectively, of expense for the fair value adjustment for earn-out consideration in SG&A expenses. See Note 6 for the fair value and foreign currency adjustments of the earn-out consideration. This fair value measurement is classified within Level 3 of the fair value hierarchy. The transaction was accounted for as an equity transaction, and therefore no gain or loss was recognized in the statement of operations or comprehensive income. The noncontrolling interest balance on the May 16, 2017 acquisition date was $14,458, of which $31,453 and ($16,995) was related to the carrying value of the investment and foreign currency translation, respectively, and accordingly these amounts were reclassified to additional paid-in capital and accumulated other comprehensive loss, respectively. ﻿ The following table sets forth a summary of the change in noncontrolling interest in 2017: ﻿ ﻿
﻿ |  |  |  |
﻿ |  | Three months ended |  | Nine months ended
﻿ |  | September 30, |  | September 30,
﻿ |  | 2017 |  | 2017
﻿Noncontrolling interest at beginning of period | $ | - | $ | 13,762
﻿Net loss |  | - |  | (130)
﻿Foreign currency translation |  | - |  | 826
﻿Comprehensive income |  | - |  | 696
﻿Acquisition of noncontrolling interest |  | - |  | (14,458)
﻿Noncontrolling interest at end of period | $ | - | $ | -
﻿ |  |  |  |
PST has dividends payable to former noncontrolling interest holders of R$23,096 Brazilian real ($5,706) and R$22,330 Brazilian real ($6,742) as of September 30, 2018 and December 31, 2017, respectively. The dividends payable balance at September 30, 2018 includes R$766 Brazilian real ($189) in monetary correction for the year to date September 30, 2018 period. The dividend is payable on or before January 1, 2020, and is subject to monetary correction based on the Brazilian consumer price inflation index. The dividend payable related to PST is recorded within other long-term liabilities on the condensed consolidated balance sheet.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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