Company: CPS
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001320461-25-000033
Chunk: 104

Company: Cooper-Standard Holdings Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 104
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 as follows:Year Ended December 31,202420232022Operating lease expense$27,220 $28,128 $28,273 Short-term lease expense5,585 5,037 4,948 Variable lease expense2,817 2,310 1,136 Finance lease expense:Amortization of right-of-use assets2,291 2,216 2,017 Interest on lease liabilities1,152 1,292 1,316 Total lease expense$39,065 $38,983 $37,690 The Company recorded sublease income of $2,017, $1,213 and $669 for the years ended December 31, 2024, 2023 and 2022, respectively.Other information related to leases was as follows:Year Ended December 31,202420232022Supplemental Cash Flows InformationCash paid for amounts included in the measurement of lease liabilities:     Operating cash flows for operating leases$27,611$28,432$28,603     Operating cash flows for finance leases1,1561,2921,316     Financing cash flows for finance leases2,5272,2471,958Non-cash right-of-use assets obtained in exchange for lease obligations:     Operating leases10,2018,65314,326     Finance leases—540595Weighted Average Remaining Lease Term (in years)Operating leases6.77.37.1Finance leases7.27.98.7Weighted Average Discount RateOperating leases7.2 %6.7 %6.1 %Finance leases6.0 %6.0 %5.9 %Future lease payments under non-cancellable leases as of December 31, 2024 were as follows:YearOperating LeasesFinance Leases2025$24,467 $3,649 202618,630 3,204 202714,365 3,129 202813,130 2,719 20299,945 3,915 Thereafter32,335 6,961     Total future lease payments$112,872 $23,577 Less: imputed interest(22,106)(4,621)    Total$90,766 $18,956 

57

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

Amounts recognized on the consolidated