2023 Q1 Form 10-K Financial Statement

#000162828023006568 Filed on March 06, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $262.7M $234.9M $981.6M
YoY Change 7.5% 2.63% 1.03%
Cost Of Revenue $227.5M $221.5M $895.0M
YoY Change 3.89% 6.73% 4.98%
Gross Profit $35.21M $13.40M $86.51M
YoY Change 38.71% -37.24% -27.3%
Gross Profit Margin 13.4% 5.7% 8.81%
Selling, General & Admin $20.57M $15.41M $66.36M
YoY Change 20.98% -10.31% -4.39%
% of Gross Profit 58.41% 114.96% 76.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.262M $4.575M $18.18M
YoY Change -3.84% -0.89% -1.7%
% of Gross Profit 12.1% 34.14% 21.02%
Operating Expenses $20.57M $15.41M $66.36M
YoY Change 20.98% -10.31% -4.39%
Operating Profit $14.64M -$2.005M $20.14M
YoY Change 74.67% -148.0% -59.37%
Interest Expense $2.890M -$2.935M $9.827M
YoY Change 47.37% 73.67% -12.09%
% of Operating Profit 19.74% 48.78%
Other Income/Expense, Net $202.0K -$7.665M -$10.46M
YoY Change -119.4% 2978.31% -1291.69%
Pretax Income $11.96M -$14.61M -$1.067M
YoY Change 122.15% -421.84% -103.32%
Income Tax $3.300M $17.38M $20.90M
% Of Pretax Income 27.6%
Net Earnings $8.700M -$31.99M -$21.97M
YoY Change 118.48% -1313.54% -192.58%
Net Earnings / Revenue 3.31% -13.62% -2.24%
Basic Earnings Per Share $0.26 -$0.68
Diluted Earnings Per Share $0.26 -$1.05 -$0.68
COMMON SHARES
Basic Shares Outstanding 33.35M shares 33.37M shares 32.33M shares
Diluted Shares Outstanding 33.18M shares 32.33M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $41.48M $31.83M $31.83M
YoY Change 8.57% -8.96% -8.96%
Cash & Equivalents $41.48M $31.83M
Short-Term Investments
Other Short-Term Assets $20.11M $12.58M $12.58M
YoY Change -12.37% -37.72% -37.72%
Inventory $139.6M $142.5M $142.5M
Prepaid Expenses
Receivables $171.9M $152.6M $152.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $373.0M $339.6M $339.6M
YoY Change -13.23% -8.39% -8.39%
LONG-TERM ASSETS
Property, Plant & Equipment $68.94M $67.81M $94.45M
YoY Change 6.47% 7.41% 5.28%
Goodwill
YoY Change
Intangibles $14.62M
YoY Change -20.04%
Long-Term Investments
YoY Change
Other Assets $31.09M $9.621M $21.63M
YoY Change 2.94% -69.46% -25.49%
Total Long-Term Assets $124.8M $130.7M $130.7M
YoY Change -8.16% -4.62% -4.62%
TOTAL ASSETS
Total Short-Term Assets $373.0M $339.6M $339.6M
Total Long-Term Assets $124.8M $130.7M $130.7M
Total Assets $497.8M $470.3M $470.3M
YoY Change -12.01% -7.37% -7.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $119.1M $122.1M $122.1M
YoY Change -7.67% 19.8% 19.8%
Accrued Expenses $37.80M $37.59M $37.59M
YoY Change 5.76% -25.79% -5.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $16.40M $10.94M $11.07M
YoY Change 59.01% 16.67% 15.68%
Total Short-Term Liabilities $182.8M $175.8M $175.8M
YoY Change -1.55% 8.45% 8.45%
LONG-TERM LIABILITIES
Long-Term Debt $149.2M $141.5M $141.6M
YoY Change -30.14% -23.75% -23.79%
Other Long-Term Liabilities $23.56M $5.041M $32.75M
YoY Change 3.86% -78.48% -0.92%
Total Long-Term Liabilities $172.8M $146.5M $174.4M
YoY Change -26.88% -29.89% -20.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $182.8M $175.8M $175.8M
Total Long-Term Liabilities $172.8M $146.5M $174.4M
Total Liabilities $364.1M $350.2M $350.2M
YoY Change -15.61% -8.09% -8.09%
SHAREHOLDERS EQUITY
Retained Earnings -$86.90M -$95.60M
YoY Change 24.77% 29.84%
Common Stock $263.5M $261.7M
YoY Change 2.52% 2.27%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $133.8M $120.0M $120.0M
YoY Change
Total Liabilities & Shareholders Equity $497.8M $470.3M $470.3M
YoY Change -12.01% -7.37% -7.37%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $8.700M -$31.99M -$21.97M
YoY Change 118.48% -1313.54% -192.58%
Depreciation, Depletion And Amortization $4.262M $4.575M $18.18M
YoY Change -3.84% -0.89% -1.7%
Cash From Operating Activities $58.00K $35.15M $68.95M
YoY Change -100.27% -493.08% -331.12%
INVESTING ACTIVITIES
Capital Expenditures $3.321M $7.169M $19.71M
YoY Change -7.49% -215.41% 11.65%
Acquisitions
YoY Change
Other Investing Activities -$16.00K $0.00
YoY Change -135.56% -100.0%
Cash From Investing Activities -$3.321M -$7.185M -$19.71M
YoY Change -7.49% 16.51% 12.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $12.38M -37.06M -$50.09M
YoY Change -56.43% -348.09% -261.53%
NET CHANGE
Cash From Operating Activities $58.00K 35.15M $68.95M
Cash From Investing Activities -$3.321M -7.185M -$19.71M
Cash From Financing Activities $12.38M -37.06M -$50.09M
Net Change In Cash $9.659M -9.092M -$3.133M
YoY Change 197.2% 5186.05% -79.85%
FREE CASH FLOW
Cash From Operating Activities $58.00K $35.15M $68.95M
Capital Expenditures $3.321M $7.169M $19.71M
Free Cash Flow -$3.263M $27.98M $49.24M
YoY Change -86.94% -1124.68% -203.69%

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CommonStockSharesOutstanding
32826852 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2021Q4 us-gaap Common Stock Shares Issued
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CY2022Q4 us-gaap Common Stock Value
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CY2021Q4 us-gaap Common Stock Value
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CY2022Q4 us-gaap Treasury Stock Common Shares
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CY2021Q4 us-gaap Treasury Stock Common Shares
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CY2021Q4 us-gaap Treasury Stock Common Value
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CY2022Q4 us-gaap Additional Paid In Capital Common Stock
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CY2021Q4 us-gaap Additional Paid In Capital Common Stock
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CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2022Q4 us-gaap Stockholders Equity
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CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q4 us-gaap Liabilities And Stockholders Equity
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CY2021Q4 us-gaap Liabilities And Stockholders Equity
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CY2019Q4 us-gaap Stockholders Equity
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CY2020 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2020 us-gaap Treasury Stock Value Acquired Cost Method
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CY2020 us-gaap Stock Issued During Period Value Share Based Compensation
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3460000 usd
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CY2020Q4 us-gaap Stockholders Equity
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CY2021 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2021 us-gaap Treasury Stock Value Acquired Cost Method
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CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2021Q4 us-gaap Stockholders Equity
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CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2022 us-gaap Treasury Stock Value Acquired Cost Method
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CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2022Q4 us-gaap Stockholders Equity
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CY2021 us-gaap Net Income Loss
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CY2020 us-gaap Net Income Loss
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CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18181000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18495000 usd
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18493000 usd
CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
29017000 usd
CY2022 us-gaap Amortization Of Financing Costs
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350000 usd
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1008000 usd
CY2020 us-gaap Amortization Of Financing Costs
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1929000 usd
CY2022 us-gaap Pension Expense Reversal Of Expense Noncash
PensionExpenseReversalOfExpenseNoncash
9202000 usd
CY2021 us-gaap Pension Expense Reversal Of Expense Noncash
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0 usd
CY2020 us-gaap Pension Expense Reversal Of Expense Noncash
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CY2022 us-gaap Paid In Kind Interest
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CY2021 us-gaap Paid In Kind Interest
PaidInKindInterest
2254000 usd
CY2020 us-gaap Paid In Kind Interest
PaidInKindInterest
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CY2022 us-gaap Share Based Compensation
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CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2020 us-gaap Share Based Compensation
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
12480000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Gain Loss On Sale Of Derivatives
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43000 usd
CY2021 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
788000 usd
CY2020 us-gaap Gain Loss On Sale Of Derivatives
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CY2022 us-gaap Gains Losses On Extinguishment Of Debt
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CY2021 us-gaap Gains Losses On Extinguishment Of Debt
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CY2022 cvgi Proceeds From Settlement Of Derivative Contract
ProceedsFromSettlementOfDerivativeContract
3900000 usd
CY2021 cvgi Proceeds From Settlement Of Derivative Contract
ProceedsFromSettlementOfDerivativeContract
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CY2020 cvgi Proceeds From Settlement Of Derivative Contract
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Accounts Receivable
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CY2020 us-gaap Increase Decrease In Accounts Receivable
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34284000 usd
CY2022 us-gaap Increase Decrease In Inventories
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3675000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
50283000 usd
CY2020 us-gaap Increase Decrease In Inventories
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6828000 usd
CY2022 us-gaap Increase Decrease In Prepaid Expense
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CY2021 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1910000 usd
CY2020 us-gaap Increase Decrease In Prepaid Expense
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CY2022 us-gaap Increase Decrease In Accounts Payable
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21842000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2020 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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CY2022 us-gaap Increase Decrease In Accrued Liabilities
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CY2021 us-gaap Increase Decrease In Accrued Liabilities
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4438000 usd
CY2020 us-gaap Increase Decrease In Accrued Liabilities
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CY2021 us-gaap Increase Decrease In Other Operating Capital Net
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2020 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
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CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2020 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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CY2021 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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CY2020 us-gaap Proceeds From Issuance Of Senior Long Term Debt
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CY2022 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
65200000 usd
CY2021 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
86200000 usd
CY2020 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
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CY2022 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
114600000 usd
CY2021 us-gaap Repayments Of Long Term Lines Of Credit
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36800000 usd
CY2020 us-gaap Repayments Of Long Term Lines Of Credit
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CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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CY2020 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
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CY2021 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
11300000 usd
CY2020 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
15000000 usd
CY2022 cvgi Surrender Of Shares To Pay Withholding Taxes
SurrenderOfSharesToPayWithholdingTaxes
1342000 usd
CY2021 cvgi Surrender Of Shares To Pay Withholding Taxes
SurrenderOfSharesToPayWithholdingTaxes
1279000 usd
CY2020 cvgi Surrender Of Shares To Pay Withholding Taxes
SurrenderOfSharesToPayWithholdingTaxes
663000 usd
CY2022 us-gaap Payments Of Debt Extinguishment Costs
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CY2020 us-gaap Payments Of Debt Extinguishment Costs
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CY2022 us-gaap Payments Of Debt Issuance Costs
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CY2021 us-gaap Payments Of Debt Issuance Costs
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CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2779000 usd
CY2022 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
4750000 usd
CY2021 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
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CY2020 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
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CY2022 us-gaap Proceeds From Payments For Other Financing Activities
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CY2021 us-gaap Proceeds From Payments For Other Financing Activities
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CY2020 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
31011000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
842000 usd
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2302000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
10992000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34958000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50503000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
31825000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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34958000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022 us-gaap Interest Paid Net
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CY2021 us-gaap Interest Paid Net
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CY2020 us-gaap Interest Paid Net
InterestPaidNet
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CY2022 us-gaap Income Taxes Paid Net
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CY2021 us-gaap Income Taxes Paid Net
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CY2020 us-gaap Income Taxes Paid Net
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CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1701000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1063000 usd
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2022 us-gaap Number Of Reportable Segments
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4 segment
CY2022 us-gaap Use Of Estimates
UseOfEstimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ materially from those estimates. Certain prior period amounts have been reclassified to conform to footnote presentation for the current year.
CY2022 us-gaap Inventory Write Down
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CY2021 us-gaap Inventory Write Down
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CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
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CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
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CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
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CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
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CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
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CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
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CY2022Q4 us-gaap Inventory Net
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CY2021Q4 us-gaap Inventory Net
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CY2022Q4 us-gaap Property Plant And Equipment Gross
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251936000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
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CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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184131000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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172536000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
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67805000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
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63126000 usd
CY2022 us-gaap Depreciation
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14800000 usd
CY2021 us-gaap Depreciation
Depreciation
15100000 usd
CY2020 us-gaap Depreciation
Depreciation
15100000 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Financial instruments that potentially subject us to concentrations of credit risk consist primarily of accounts receivable. We sell products to various companies throughout the world in the ordinary course of business. We routinely assess the financial strength of our customers and maintain allowances for anticipated losses.
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
152600000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
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174500000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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971578000 usd
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
717699000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
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63000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
694000 usd
CY2022Q4 us-gaap Long Term Debt
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CY2021Q4 us-gaap Long Term Debt
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CY2022Q4 us-gaap Long Term Debt Current
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CY2021Q4 us-gaap Long Term Debt Current
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9375000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
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141499000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
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185581000 usd
CY2021Q2 cvgi Debt Instrument Covenant Terms Fixed Charge Coverage Ratio
DebtInstrumentCovenantTermsFixedChargeCoverageRatio
1.20
CY2021Q2 cvgi Debt Instrument Covenant Leverage Ratio Maximum
DebtInstrumentCovenantLeverageRatioMaximum
3.75
CY2021Q2 cvgi Debt Instrument Covenant Leverage Ratio Step Down Term One
DebtInstrumentCovenantLeverageRatioStepDownTermOne
3.50
CY2021Q2 cvgi Debt Instrument Covenant Leverage Ratio Step Down Term Two
DebtInstrumentCovenantLeverageRatioStepDownTermTwo
3.25
CY2021Q2 cvgi Debt Instrument Covenant Leverage Ratio Step Down Term Three
DebtInstrumentCovenantLeverageRatioStepDownTermThree
3.00
CY2021Q2 cvgi Line Of Credit Facility Amortization Payments Year One Percent
LineOfCreditFacilityAmortizationPaymentsYearOnePercent
0.050
CY2021Q2 cvgi Line Of Credit Facility Amortization Payments Year Two Percent
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0.075
CY2021Q2 cvgi Line Of Credit Facility Amortization Payments Year Three Percent
LineOfCreditFacilityAmortizationPaymentsYearThreePercent
0.100
CY2021Q2 cvgi Line Of Credit Facility Amortization Payments Year Four Percent
LineOfCreditFacilityAmortizationPaymentsYearFourPercent
0.125
CY2021Q2 cvgi Line Of Credit Facility Amortization Payments Year Five Percent
LineOfCreditFacilityAmortizationPaymentsYearFivePercent
0.150
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
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35768000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
21148000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
14620000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
36463000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
18180000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
18283000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3400000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3400000 usd
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3400000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3400000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
2900000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1400000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1400000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1400000 usd
CY2022Q4 us-gaap Percentage Of Debt Hedged By Interest Rate Derivatives
PercentageOfDebtHedgedByInterestRateDerivatives
0.50
CY2021Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
4409000 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Period Increase Decrease
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPeriodIncreaseDecrease
341000 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Settlements
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4750000 usd
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P1Y
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10283000 usd
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194000 usd
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326000 usd
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27000 usd
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FinanceLeaseCost
207000 usd
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FinanceLeaseCost
353000 usd
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5406000 usd
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6214000 usd
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205000 usd
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348000 usd
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26372000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
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7421000 usd
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19422000 usd
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18519000 usd
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26843000 usd
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27567000 usd
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270000 usd
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468000 usd
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131000 usd
CY2021Q4 us-gaap Finance Lease Liability Current
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194000 usd
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139000 usd
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272000 usd
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270000 usd
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466000 usd
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P6Y
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P4Y
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P2Y3M18D
CY2021Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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0.084
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.080
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0.039
CY2021Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
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0.047
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LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
9206000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
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153000 usd
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9359000 usd
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5423000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Two
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106000 usd
CY2022Q4 cvgi Lessee Liability Payment Due Year Two
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5529000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5413000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
65000 usd
CY2022Q4 cvgi Lessee Liability Payment Due Year Three
LesseeLiabilityPaymentDueYearThree
5478000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4556000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
2000 usd
CY2022Q4 cvgi Lessee Liability Payments Due Year Four
LesseeLiabilityPaymentsDueYearFour
4558000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1724000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Five
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0 usd
CY2022Q4 cvgi Lessee Liability Payments Due Year Five
LesseeLiabilityPaymentsDueYearFive
1724000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
9137000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2022Q4 cvgi Lessee Liability Payments Due After Year Five
LesseeLiabilityPaymentsDueAfterYearFive
9137000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
35459000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due
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326000 usd
CY2022Q4 cvgi Lessee Liability Payments Due
LesseeLiabilityPaymentsDue
35785000 usd
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8616000 usd
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
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56000 usd
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LesseeLiabilityUndiscountedExcessAmount
8672000 usd
CY2022Q4 us-gaap Operating Lease Liability
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26843000 usd
CY2022Q4 us-gaap Finance Lease Liability
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270000 usd
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32125000 usd
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CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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CY2020 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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CY2022 cvgi Income Tax Reconciliation Change In Reserves For Uncertain Tax Positions
IncomeTaxReconciliationChangeInReservesForUncertainTaxPositions
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CY2021 cvgi Income Tax Reconciliation Change In Reserves For Uncertain Tax Positions
IncomeTaxReconciliationChangeInReservesForUncertainTaxPositions
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CY2022 cvgi Effective Income Tax Rate Reconciliation Global Intangible Low Taxed Income Netof Related Foreign Tax Credit Amount
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CY2021 cvgi Effective Income Tax Rate Reconciliation Global Intangible Low Taxed Income Netof Related Foreign Tax Credit Amount
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CY2020 cvgi Income Tax Reconciliation Change In Reserves For Uncertain Tax Positions
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CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Income Tax Reconciliation Tax Credits
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CY2020 us-gaap Income Tax Reconciliation Tax Credits
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CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2021 cvgi Effective Income Tax Rate Reconciliation Executive Compensation Amount
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1128000 usd
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CY2022 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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CY2021 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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CY2020 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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CY2021 cvgi Effective Income Tax Rate Reconciliation Pension Settlement Amount
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CY2022 us-gaap Income Tax Reconciliation Other Adjustments
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CY2021 us-gaap Income Tax Reconciliation Other Adjustments
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197000 usd
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
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CY2022 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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CY2021Q4 us-gaap Deferred Tax Assets Inventory
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CY2022Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q4 cvgi Deferred Tax Liabilities Inventory
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CY2021Q4 cvgi Deferred Tax Liabilities Inventory
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CY2022Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
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CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
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CY2022Q4 us-gaap Deferred Tax Liabilities Other
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CY2021Q4 us-gaap Deferred Tax Liabilities Other
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CY2021Q4 us-gaap Deferred Income Tax Liabilities
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CY2022Q4 us-gaap Deferred Tax Liabilities
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CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
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CY2022Q4 us-gaap Operating Loss Carryforwards
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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