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Segment Reporting
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
During the quarter ended March 31, 2025, the Company completed a strategic reorganization of its operations into three segments: Global Seating, Global Electrical Systems, and Trim Systems and Components. The reorganization was designed to enhance alignment with its customers and end markets which will allow the Company to better focus on growth opportunities, capital allocation and enhancing shareholder value. As a result of the strategic reorganization, the prior period amounts have been revised to conform to the Company’s current period presentation.
Our President and Chief Executive Officer is the Company’s chief operating decision maker (“CODM”). The CODM uses segment operating income compared to historical results, budgets, and forecasted financial information, in order to assess segment performance and allocate operating and capital resources. During the quarter ended March 31, 2025, the Company revised its method for allocating corporate expenses to segment operating income to better align with how the segments utilize corporate support activities. This change provides the CODM meaningful segment profitability information to support operating decisions and the allocation of resources. The prior period amounts have been revised to conform to the Company’s current period presentation.

Certain of our facilities manufacture and sell products through multiple product lines. The products produced by each of our segments are more specifically described below.
The Global Seating segment designs, manufactures and sells the following products:
•Commercial vehicle seats for the global commercial vehicle markets including heavy duty trucks, medium duty trucks, last mile delivery trucks and vans, construction and agriculture equipment in North America, Europe and Asia-Pacific. This segment includes a portion of the company’s activities in the electric vehicle market.
•Seats and components sold into the commercial vehicle channels that provide repair and refurbishing. These channels include Original Equipment Service ("OES") centers and retail distributors, and are spread across North America, Europe and Asia-Pacific.
•Office seats primarily sold into the commercial and home office furniture distribution channels in Europe and Asia-Pacific.

The Global Electrical Systems segment designs, manufactures and sells the following products:
•Cable and harness assemblies for both high and low voltage applications, control boxes, dashboard assemblies and design and engineering for these applications.
•The end markets for these products are construction, agricultural, industrial, automotive (both internal combustion and electric vehicles), truck, mining, rail, marine, power generation and the military/defense industries in North America, Europe and Asia-Pacific.

The Trim Systems and Components segment designs, manufactures and sells the following products:
•Plastic components ("Trim") primarily for the North America commercial vehicle market, MD/HD truck market and power sports markets.
•Commercial vehicle accessories including wipers, mirrors, and sensors. These products are sold both as Original Equipment and as repair products.
The following tables present financial information for the Company's reportable segments for the periods indicated:
Three Months Ended September 30, 2025
Global SeatingGlobal Electrical SystemsTrim Systems and ComponentsTotal
Revenues$68,707 $49,491 $34,291 $152,489 
Cost of revenues60,191 44,170 32,085 136,446 
Gross profit8,516 5,321 2,206 16,043 
Selling, general & administrative expenses 7,108 4,483 3,136 14,727 
Operating income (loss) 1
$1,408 $838 $(930)$1,316 
Corporate and other unallocated costs 2
2,377 
Other (income) expense1,004 
Interest expense4,068 
Loss before provision for income taxes$(6,133)
Three Months Ended September 30, 2024
Global SeatingGlobal Electrical SystemsTrim Systems and ComponentsTotal
Revenues$76,643 $46,714 $48,415 $171,772 
Cost of revenues68,924 43,721 42,706 155,351 
Gross profit7,719 2,993 5,709 16,421 
Selling, general & administrative expenses 3
9,259 4,468 262 13,989 
Operating income (loss) 1
$(1,540)$(1,475)$5,447 $2,432 
Corporate and other unallocated costs 2
3,492 
Other (income) expense(1,033)
Interest expense2,371 
Loss before provision for income taxes$(2,398)

Nine Months Ended September 30, 2025
Global SeatingGlobal Electrical SystemsTrim Systems and ComponentsTotal
Revenues$216,574 $153,527 $124,139 $494,240 
Cost of revenues189,037 138,305 113,533 440,875 
Gross profit27,537 15,222 10,606 53,365 
Selling, general & administrative expenses 21,092 14,260 10,083 45,435 
Operating income (loss) 1
$6,445 $962 $523 $7,930 
Corporate and other unallocated costs 2
6,787 
Other (income) expense1,358 
Interest expense8,862 
Loss on early extinguishment of debt460 
Loss before provision for income taxes
$(9,537)

Nine Months Ended September 30, 2024
Global SeatingGlobal Electrical SystemsTrim Systems and ComponentsTotal
Revenues$239,844 $159,079 $161,140 $560,063 
Cost of revenues210,861 147,277 141,881 500,019 
Gross profit28,983 11,802 19,259 60,044 
Selling, general & administrative expenses 3
25,628 13,373 7,285 46,286 
Operating income (loss) 1
$3,355 $(1,571)$11,974 $13,758 
Corporate and other unallocated costs 2
9,245 
Other (income) expense(615)
Interest expense6,974 
Loss before provision for income taxes
$(1,846)

1.Segment operating income includes allocated corporate operating expenses associated with central services such as procurement, quality, logistics, environmental health and safety, information technology, insurance, finance, credit and collections, treasury and human resources. Operating expenses related to corporate headquarter functions are primarily allocated to each segment based on revenue contribution.
2.Unallocated corporate costs include enterprise and governance stewardship which include listing fees, audit fees, compliance costs, insurance costs, Board of Directors fees, and corporate management stock-based compensation expenses. Finally, interest expense, income taxes, and certain other items included in Other (income) expense, which are managed on a consolidated basis, are not allocated to the operating segments.
3.For the three and nine months ended September 30, 2024, a $3.5 million gain on the sale of a building was previously reported on a full year basis in the Recast Segment Information in the selling, general and administrative expenses of the Global Seating segment and has been reclassified to the Trim Systems and Components segment herein. The reclassification is immaterial to the Company's consolidated financial statements and had no effect on the consolidated balance sheet, statement of operations or statement of cash flows as previously reported.