XML 60 R37.htm IDEA: XBRL DOCUMENT v3.25.0.1

Business Realignment (Tables)

12 Months Ended

Dec. 31, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

Business realignment charges by reportable segment were as follows:

Year ended December 31,						2024						2023						2022
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

_____________________________

(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,			2024						2023						2022
Cost of goods sold			$	577					$	792					$	—
Selling, general and administrative			517						3,321						288
Design and development			1,548						397						—
Total business realignment charges			$	2,642					$	4,510					$	288

Schedule of Restructuring Reserve by Type of Cost

Reconciliations of the beginning and ending liability balances related to business realignment were as follows:

															Utilization
			Accrual as of January 1, 2024						2024 Charge to Expense						Cash						Non-Cash						Accrual 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, 2023						2023 Charge to Expense						Cash						Non-Cash						Accrual as of December 31, 2023
Employee termination benefits			$	101					$	4,510					$	(3,381)					$	—					$	1,230
Total			$	101					$	4,510					$	(3,381)					$	—					$	1,230

X

- References

No definition available.

+ Details

Name:	us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.P.3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

+ Details

Name:	us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4.b.2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

+ Details

Name:	us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration