Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2025

Summary of Segment Reporting Information

The following tables present financial information for the Company's reportable segments for the periods indicated:


	Three Months Ended September 30, 2025
	Global Seating		Global Electrical Systems		Trim Systems and Components		Total


Revenues	$	68,707	$	49,491	$	34,291	$	152,489
Cost of revenues	60,191		44,170		32,085		136,446
Gross profit	8,516		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) expense							1,004
Interest expense							4,068

Loss before provision for income taxes							$	(6,133)


	Three Months Ended September 30, 2024
	Global Seating		Global Electrical Systems		Trim Systems and Components		Total


Revenues	$	76,643	$	46,714	$	48,415	$	171,772
Cost of revenues	68,924		43,721		42,706		155,351
Gross profit	7,719		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 expense							2,371

Loss before provision for income taxes							$	(2,398)


	Nine Months Ended September 30, 2025
	Global Seating		Global Electrical Systems		Trim Systems and Components		Total


Revenues	$	216,574	$	153,527	$	124,139	$	494,240
Cost of revenues	189,037		138,305		113,533		440,875
Gross profit	27,537		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) expense							1,358
Interest expense							8,862
Loss on early extinguishment of debt							460
Loss before provision for income taxes							$	(9,537)


	Nine Months Ended September 30, 2024
	Global Seating		Global Electrical Systems		Trim Systems and Components		Total


Revenues	$	239,844	$	159,079	$	161,140	$	560,063
Cost of revenues	210,861		147,277		141,881		500,019
Gross profit	28,983		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 expense							6,974

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.