Company: CVGI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001628280-25-022764
Chunk: 17

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 17
---
ulative translation adjustment$2,595 $— $2,595 Net actuarial gain (loss) and prior service credit(153)— (153)Derivative instruments1,240 (804)436 Net unrealized gain (loss)3,682 (804)2,878 Amounts reclassified into  earnings:Actuarial gain and prior service cost103 — 103 Derivative instruments1,625 — 1,625 Net realized gain1,728 — 1,728 Total other comprehensive income (loss)$5,410 $(804)$4,606 Three Months Ended March 31, 2024Before TaxAmountTax ExpenseAfter Tax AmountNet current period changeCumulative translation adjustment$(2,559)$— $(2,559)Net actuarial gain (loss) and prior service credit(713)1 (712)Derivative instruments3,748 (1,022)2,726 Net unrealized gain (loss)476 (1,021)(545)Amounts reclassified into  earnings:Actuarial gain and prior service cost245 — 245 Derivative instruments(875)181 (694)Net realized gain (loss)(630)181 (449)Total other comprehensive income (loss)$(154)$(840)$(994)

As of March 31, 2025, the Company estimates that net pre-tax derivative loss of $0.4 million included in Accumulated other comprehensive income (loss) will be reclassified into earnings within the next 12 months. 

14.  Cost Reduction and Manufacturing Capacity Rationalization 

The Company's restructuring program seeks to align cost structure to support margin expansion. The program includes workforce reductions and footprint optimization across segments.The changes in accrued restructuring balances are as follows: Global SeatingGlobal Electrical SystemsTrim Systems and ComponentsCorporate/OtherTotalDecember 31, 2024$28 $— $— $360 $388 New charges— 530 45 127 702 Payments and other adjustments(28)(530)(45)(129)(732)March 31, 2025$— $— $— $358 $358 

15

Global SeatingGlobal Electrical SystemsTrim Systems and ComponentsCorporate/OtherTotalDecember 31, 2023$128 $— $— $983 $1,111 New