Company: CPS
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001320461-25-000087
Chunk: 30

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 as follows:Off-Balance Sheet ArrangementsThree Months Ended March 31,20252024Accounts receivable factored$129,248 $121,115 Costs598 653 As of March 31, 2025 and December 31, 2024, cash collections on behalf of the Factor that have yet to be remitted were $3,249 and $838, respectively, and are reflected in other current assets as restricted cash in the condensed consolidated balance sheets.

8. Fair Value Measurements and Financial Instruments

Fair Value MeasurementsFair value is defined as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based upon assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, a three-tier fair value hierarchy is utilized, which prioritizes the inputs used in measuring fair value as follows:Level 1:Observable inputs such as quoted prices in active markets;Level 2:Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; andLevel 3:Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

14

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Continued)(Unaudited)(Dollar amounts in thousands except per share and share amounts)

Items Measured at Fair Value on a Recurring BasisEstimates of the fair value of foreign currency derivative instruments are determined using exchange traded prices and rates. The Company also considers the risk of non-performance in the estimation of fair value and includes an adjustment for non-performance risk in the measure of fair value of derivative instruments. In certain instances where market data is not available, the Company uses management judgment to develop assumptions that are used to determine fair value. Fair value measurements and the fair value hierarchy level for the Company’s assets and liabilities measured or disclosed at fair value on a recurring basis as of March 31, 2025 and December 31, 2024 were as follows:March 31, 2025December 31, 2024InputDerivatives designated as hedging instruments:Forward foreign exchange contracts - other current assets$1,283 $269 Level 2Forward foreign exchange contracts - accrued liabilities$(1,008)$(4,109)Level 2Derivatives not