Company: CPS
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001320461-25-000131
Chunk: 91

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 91
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 no market data, which require the reporting entity to develop its own assumptions.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 June 30, 2025 and December 31, 2024 were as follows:June 30, 2025December 31, 2024InputDerivatives designated as hedging instruments:Forward foreign exchange contracts - other current assets$4,823 $269 Level 2Forward foreign exchange contracts - accrued liabilities$(6)$(4,109)Level 2Derivatives not designated as hedging instruments:Forward foreign exchange contracts - other current assets$— $86 Level 2Forward foreign exchange contracts - accrued liabilities$(637)$— Level 2

16

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 Nonrecurring BasisIn addition to items that are measured at fair value on a recurring basis, the Company measures certain assets and liabilities at fair value on a nonrecurring basis, which are not included in the table above. As these nonrecurring fair value measurements are generally determined using unobservable inputs, these fair value measurements are classified within Level 3 of the fair value hierarchy.Items Not Carried at Fair ValueFair values of the Company’s First Lien Notes, Third Lien Notes, and 2026 Senior Notes were as follows:June 30, 2025December 31, 2024Aggregate fair value$1,021,604 $1,012,495 Aggregate carrying value (1)$1,051,175 $1,051,175 (1)    Excludes unamortized debt issuance costs and unamortized original issue discount.Fair values were based on quoted market prices and are classified within Level 1 of the fair value hierarchy. Derivative Instruments and Hedging ActivitiesThe Company