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Business Realignment
 12 Months Ended
Dec. 31, 2024
Restructuring and Related Activities [Abstract]  
Business Realignment Business Realignment
The Company regularly evaluates the performance of its businesses and cost structures, including personnel, and makes necessary changes thereto in order to optimize its results. The Company also evaluates the required skill sets of its personnel and periodically makes strategic changes. As a consequence of these actions, the Company incurs severance related costs which are referred to as business realignment charges. The Company does not expect future charges related to the previously incurred termination actions noted below.
Business realignment charges by reportable segment were as follows:
Year ended December 31,202420232022
Control Devices (A)
$250 $511 $— 
Electronics (B)
2,333 2,862 — 
Stoneridge Brazil (C)
— — 98 
Unallocated Corporate (D)
59 1,137 190 
Total business realignment charges$2,642 $4,510 $288 
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(A)Severance costs for the year ended December 31, 2024 related to COGS were $250. Severance costs for the year ended December 31, 2023 related to COGS and SG&A were $369 and $142, respectively.
(B)Severance costs for the year ended December 31, 2024 related to COGS, SG&A and D&D were $327, $458 and $1,548, respectively. Severance costs for the year ended December 31, 2023 related to COGS, SG&A and D&D were $423, $2,057 and $382 respectively.
(C)Severance costs for the year ended December 31, 2022 related to SG&A were $98.
(D)Severance related costs for the year ended December 31, 2024 related to SG&A were $59. Severance related costs for the year ended December 31, 2023 related to SG&A and D&D were $1,122 and 15, respectively. Severance related costs for the year ended December 31, 2022 related to SG&A were $190.
Business realignment charges classified by statement of operations line item were as follows:
Year ended December 31,202420232022
Cost of goods sold$577 $792 $— 
Selling, general and administrative517 3,321 288 
Design and development1,548 397 — 
Total business realignment charges$2,642 $4,510 $288 
Reconciliations of the beginning and ending liability balances related to business realignment were as follows:
Utilization
Accrual as of January 1, 20242024 Charge
to Expense		CashNon-CashAccrual as of December 31, 2024
Employee termination benefits$1,230 $2,642 $(3,461)$— $411 
Total$1,230 $2,642 $(3,461)$— $411 
Utilization
Accrual as of January 1, 20232023 Charge
to Expense		CashNon-CashAccrual as of December 31, 2023
Employee termination benefits$101 $4,510 $(3,381)$— $1,230 
Total$101 $4,510 $(3,381)$— $1,230