Segment Reporting and Geographic Locations

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Segment Reporting and Geographic Locations

Segment Reporting and Geographic Locations

Operating segments are defined as components of an enterprise that are evaluated regularly by the Company’s CODM, which is our President and Chief Executive Officer.

The Company has two reportable segments: the GTB Segment and the GCA Segment. Each of these segments consists of a number of manufacturing facilities. Generally, the facilities in the GTB Segment manufacture and sell Seats, Trim, wipers, mirrors, structures and other products into the MD/HD Truck and bus markets. Generally, the facilities in the GCA Segment manufacture and sell wire harnesses, Seats and other products into the construction and agriculture markets. Both segments participate in the aftermarket. Certain of our facilities manufacture and sell products through both of our segments. Each manufacturing facility that sells products through both segments is reflected in the financial results of the segment that has the greatest amount of sales from that manufacturing facility. Our segments are more specifically described below.

The GTB Segment manufactures and sells the following products:

• Seats, Trim, sleeper boxes, cab structures, structural components and body panels. These products are sold primarily to the MD/HD Truck markets in North America.

• Seats to the truck and bus markets in Asia-Pacific and Europe.

• Mirrors and wiper systems to the truck, bus, agriculture, construction, rail and military markets in North America.

• Trim to the recreational and specialty vehicle markets in North America.

• Aftermarket seats and components in North America.

The GCA Segment manufactures and sells the following products:

• Electronic wire harness assemblies and Seats for construction, agricultural, industrial, automotive, mining and military industries in North America, Europe and Asia Pacific.

• Seats to the truck and bus markets in Asia-Pacific and Europe.

• Wiper systems to the construction and agriculture markets in Europe.

• Office seating in Europe and Asia-Pacific.

• Aftermarket seats and components in Europe and Asia-Pacific.

Corporate expenses consist of certain overhead and shared costs that are not directly attributable to the operations of a segment. For purposes of business segment performance measurement, some of these costs that are for the benefit of the operations are allocated based on a combination of methodologies. The costs that are not allocated to a segment are considered stewardship costs and remain at corporate in our segment reporting.

The following table presents segment revenues, gross profit, depreciation and amortization expense, selling, general and administrative expenses, operating income and capital and other items as of and for the year ended December 31, 2016 (in thousands). The table does not include assets as the CODM does not review assets by segment.

	As of and for the year ended December 31, 2016
	Global Truck & Bus		Global Construction & Agriculture		Corporate/ Other			Total
Revenues
External Revenues	$	415,154	$	246,958	$	—		$	662,112
Intersegment Revenues	1,125		7,066		(8,191		)	$	—
Total Revenues	$	416,279	$	254,024	$	(8,191	)	$	662,112
Gross Profit	$	54,665	$	34,060	$	(1,495	)	$	87,230
Depreciation and Amortization Expense	$	8,545	$	5,581	$	2,325		$	16,451
Selling, General & Administrative Expenses	$	22,557	$	18,240	$	19,745		$	60,542
Operating Income	$	30,943	$	15,680	$	(21,240	)	$	25,383
Capital and Other Items:
Capital Expenditures	$	6,384	$	4,609	$	924		$	11,917
Other Items 1	$	2,712	$	723	$	688		$	4,123

¹ Other items impacting operating income in the GTB and GCA Segments include costs associated with restructuring activities, including employee severance or retention costs, lease cancellation costs, building repairs and costs to transfer equipment; and in corporate a write down of an asset held for sale and severance costs.

The following table presents segment revenues, gross profit, depreciation and amortization expense, selling, general and administrative expenses, operating income and capital and other items as of and for the year ended December 31, 2015 (in thousands). The table does not include assets as the CODM does not review assets by segment.

	As of and for the year ended December 31, 2015
	Global Truck & Bus		Global Construction & Agriculture		Corporate/ Other			Total
Revenues
External Revenues	$	564,651	$	260,690	$	—		$	825,341
Intersegment Revenues	618		10,937		(11,555		)	$	—
Total Revenues	$	565,269	$	271,627	$	(11,555	)	$	825,341
Gross Profit	$	85,702	$	28,627	$	(3,507	)	$	110,822
Depreciation and Amortization Expense	$	8,909	$	5,855	$	2,946		$	17,710
Selling, General & Administrative Expenses	$	25,263	$	20,442	$	25,764		$	71,469
Operating Income	$	59,252	$	8,044	$	(29,270	)	$	38,026
Capital and Other Items:
Capital Expenditures	$	7,579	$	4,688	$	3,323		$	15,590
Other Items 1	$	1,838	$	494	$	—		$	2,332

¹ Other items in the GTB and GCA Segments include costs associated with restructuring activities, including employee severance or retention costs, lease cancellation costs, building repairs and costs to transfer equipment.

The following table presents segment revenues, gross profit, depreciation and amortization expense, selling, general and administrative expenses, operating income, total assets and other items as of and for the year ended December 31, 2014 (in thousands). The table does not include assets as the CODM does not review assets by segment.

	As of and for the year ended December 31, 2014
	Global Truck & Bus		Global Construction & Agriculture		Corporate/ Other			Total
Revenues
External Revenues	$	533,752	$	305,991	$	—		$	839,743
Intersegment Revenues	366		11,210		(11,576		)	$	—
Total Revenues	$	534,118	$	317,201	$	(11,576	)	$	839,743
Gross Profit	$	81,430	$	29,583	$	(3,325	)	$	107,688
Depreciation and Amortization Expense	$	8,973	$	5,905	$	3,369		$	18,247
Selling, General & Administrative Expenses	$	28,890	$	21,903	$	21,687		$	72,480
Operating Income	$	51,171	$	7,533	$	(25,011	)	$	33,693
Capital and Other Items:
Capital Expenditures	$	8,055	$	5,140	$	1,374		$	14,569
Other Items 1	$	2,090	$	—	$	—		$	2,090

¹ Other items in the GTB and GCA Segments include costs associated with restructuring activities, including employee severance or retention costs, lease cancellation costs, building repairs and costs to transfer equipment.

The following table presents revenues and long-lived assets for each of the geographic areas in which we operate (in thousands):

	Years Ended December 31,
	2016				2015				2014
	Revenues		Long-lived Assets		Revenues		Long-lived Assets		Revenues		Long-lived Assets
United States	$	496,473	$	54,334	$	635,627	$	59,280	$	644,547	$	60,819
All other countries	165,639		11,707		189,714		11,681		195,196		12,643
	$	662,112	$	66,041	$	825,341	$	70,961	$	839,743	$	73,462

Revenues are attributed to geographic locations based on the geography from which the legal entity operates. Included in all other countries are intercompany sales eliminations.

The following is the composition by product category of our revenues (dollars in thousands):

	Years Ended December 31,
	2016			2015			2014
	Revenues		%	Revenues		%	Revenues		%
Seats and seating systems	$	280,575	42	$	339,724	41	$	351,621	42
Trim systems and components	132,623		20	179,713		22	163,399		19
Electronic wire harnesses and panel assemblies	149,417		23	154,417		19	180,237		21
Cab structures, sleeper boxes, body panels and structural components	57,605		9	96,046		12	89,168		11
Mirrors, wipers and controls	41,892		6	55,441		6	55,318		7
	$	662,112	100	$	825,341	100	$	839,743	100