Company: CVGI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001628280-25-022764
Chunk: 55

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 55
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30,284)Net current period change(2,559)(712)2,726 (545)Amounts reclassified into earnings— 245 (694)(449)Balance - March 31, 2024$(25,786)$(12,363)$6,871 $(31,278)

14

The related tax effects allocated to each component of other comprehensive income (loss) are as follows: Three Months Ended March 31, 2025Before TaxAmountTax ExpenseAfter Tax AmountNet current period changeCumulative 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,