Company: CPS
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001320461-25-000156
Chunk: 47

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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4,644) and $7,455 for the three months ended September 30, 2025 and 2024, respectively, and $(16,545) and $(8,329) for the nine months ended September 30, 2025 and 2024, respectively.(2)Includes the effect of the amortization of actuarial gains of $610 and amortization of prior service cost of $4, net of tax of $(4).(3)Includes the effect of the amortization of actuarial gains of $637 and amortization of prior service cost of $4, net of no tax expense.(4)Includes the effect of the amortization of actuarial gains of $1,826 and amortization of prior service cost of 11, net of tax of $(12).(5)Includes the effect of the amortization of actuarial gains of $1,401 and amortization of prior service cost of $11, net of tax of $1,405 and the impact of a one-time, non-cash pension settlement charge of $46,342 reclassified to net earnings. See Note 9. “Pensions and Postretirement Benefits Other Than Pensions” for additional information.

22

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

14. Common Stock

Share Repurchase ProgramIn June 2018, the Company’s Board of Directors approved a common stock repurchase program (the “2018 Program”) authorizing the Company to repurchase, in the aggregate, up to $150,000 of its outstanding common stock. Under the 2018 Program, repurchases may be made on the open market, through private transactions, accelerated share repurchases, round lot or block transactions on the New York Stock Exchange or otherwise, as determined by management and in accordance with prevailing market conditions and federal securities laws and regulations. The Company expects to fund any future repurchases from cash on hand and future cash flows from operations. The Company is not obligated to acquire a particular amount of securities, and the 2018 Program may be discontinued at any time at the Company’s discretion. The 2018 Program became effective in November 2018. As of September 30, 2025, the Company had approximately $98,720 of repurchase authorization remaining under the 2018 Program. The Company did not make any repurchases under the 2018 Program