Segment Reporting

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment Reporting

SEGMENT REPORTING

ASC 280, “Disclosures About Segments of an Enterprise and Related Information,” requires that a public enterprise report financial and descriptive information about its reportable operating segments subject to certain aggregation criteria and quantitative thresholds. Operating segments are defined by ASC 280 as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision-makers in deciding how to allocate resources and in assessing performance.

	2015		2014		2013
Revenue:
Automotive Products
United States	$	494,876,354	$	444,921,897	$	400,654,021
Germany	295,044,988		262,505,346		244,949,664
Japan	148,632,237		133,758,799		123,884,470
Other Countries	568,318,425		498,936,232		374,499,972
Other	36,745,702		35,378,885		27,876,044
Total	$	1,543,617,706	$	1,375,501,159	$	1,171,864,171
Income (Loss) from Operations:
Automotive Products	$	445,067,511	$	386,762,986	$	298,465,299
Other	13,698,928		12,071,188		6,276,514
Total	$	458,766,439	$	398,834,174	$	304,741,813
Assets:
Automotive Products	$	1,414,426,679	$	1,333,615,389	$	1,290,801,674
Other	9,429,994		8,841,958		9,001,278
Corporate	724,816,255		680,082,682		464,285,482
Total	$	2,148,672,928	$	2,022,540,029	$	1,764,088,434
Depreciation & Amortization:
Automotive Products	$	78,925,332	$	75,320,999	$	58,723,222
Other	306,908		321,426		316,836
Corporate	1,366,927		1,733,880		3,814,097
Total	$	80,599,167	$	77,376,305	$	62,854,155
Capital Expenditures:
Automotive Products	$	97,632,519	$	71,032,115	$	54,020,792
Other	161,247		145,704		301,697
Corporate	147,996		1,341,168		1,057,968
Total	$	97,941,762	$	72,518,987	$	55,380,457

Other includes Fire Protection Products and Dimmable Aircraft Windows. Dimmable Aircraft Window net sales continued to increase during 2013, 2014 and 2015, which resulted in income from operations for each of the three years presented in the “Other” category.

Major product line revenues included within these segments are as follows:

	2015		2014		2013
Automotive Products
Automotive Mirrors	$	1,332,791,398	$	1,169,436,521	$	1,108,123,983
HomeLink® Modules*	174,080,606		170,685,753		35,864,144
Total Automotive Products	$	1,506,872,004	$	1,340,122,274	$	1,143,988,127
Other Products Revenue	$	36,745,702	$	35,378,885	$	27,876,044
Total Revenue	$	1,543,617,706	$	1,375,501,159	$	1,171,864,171

*Excludes HomeLink^® revenue integrated into automotive mirrors. For 2013, includes revenue from September 27, 2013, the date of the acquisition of HomeLink^®, through December 31, 2013.

Corporate assets are principally cash and cash equivalents, investments, deferred income taxes and corporate fixed assets. Substantially all long-lived assets are located in the U.S.

Automotive Products revenues in the “Other” category are sales to customer automotive manufacturing plants in Korea, Mexico, Canada, Hungary, China, and the United Kingdom as well as other foreign automotive customers. Most of the Company’s non-U.S. sales are invoiced and paid in U.S. dollars. During the years ended December 31, 2015, 2014 and 2013, approximately 6%, 6% and 7% of the Company’s net sales were invoiced and paid in foreign currencies respectively.

In 2015, the Company had three automotive customers (including direct sales to OEM customers and sales through their Tier 1 suppliers), which individually accounted for 10% or more of net sales as follows:

	Toyota Motor Corporation		Volkswagen Group		Ford Motor Company		Daimler AG		FCA Group
2015	11	%	14	%	11	%	#		#
2014	12	%	14	%	#		10	%	11	%
2013	13	%	14	%	#		11	%	#

# - Less than 10 percent.