Company: CVGI
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001290900-25-000010
Chunk: 19

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
Chunk 19
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 on Derivatives Recognized in Income (Loss)Amount of Gain (Loss) on Derivatives Recognized in Income (Loss)Amount of Gain (Loss) on Derivatives Recognized in Income (Loss)Foreign exchange contracts designated as hedging instrumentsCost of revenues$(627)$513 $(2,609)$602 Interest rate swap agreement settled in 2025Interest expense$— $403 $127 $819 Interest rate swap agreement settled in 2022Interest expense$451 $188 $681 $377 Foreign exchange contracts not designated as hedging instrumentsOther (income) expense$96 $304 $139 $98 

13

We consider the impact of our credit risk on the fair value of the contracts, as well as our ability to honor obligations under the contract.Other Fair Value MeasurementsThe fair value of long-term debt obligations is based on a fair value model utilizing observable inputs. Based on these inputs, our long-term debt fair value as disclosed was classified as Level 2 as of December 31, 2024. As of June 30, 2025, the classification was changed to a Level 3 due to the lack of observable market inputs or comparable instruments. With the refinancing of our long-term debt on June 27, 2025, the carrying values of our long-term debt obligations approximate the fair values. The carrying amounts and fair values of our long-term debt obligations are as follows: June 30, 2025December 31, 2024 CarryingAmountFair ValueCarryingAmountFair ValueTerm Loan due 2030 1$87,850 $87,850 $— $— Prior Term Loan due 2027 1$— $— $85,000 $84,363 Revolving credit facility$30,300 $30,300 $50,500 $50,500 1.Presented in the Condensed Consolidated Balance Sheets as the current portion of long-term debt of $0.9 million and long-term debt of $86.9 million as of June 30, 2025 and current portion of long-term debt of $8.4 million and long-term debt of $76.6 million as of December 31, 2024.

7.   Leases 

The components of lease expense are as follows:Three Months Ended June