SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Automotive and Other Segment Reporting

The table below presents net sales and the significant expense categories that are included in reportable segment operating profit and regularly provided to our CODM:


	2024		2023		2022
Net Sales:
Automotive Products	$	2,264,724,564	$	2,254,660,291	$	1,874,742,458






Other	48,589,769		44,554,753		44,215,585
Total	$	2,313,314,333	$	2,299,215,044	$	1,918,958,043
Cost of Goods Sold:
Automotive Products	$	1,507,698,600	$	1,506,237,606	$	1,275,111,908
Other	34,525,543		30,347,430		34,031,950
Total	$	1,542,224,143	$	1,536,585,036	$	1,309,143,858
Operating Expenses:
Automotive Products	$	280,803,585	$	252,771,985	$	227,139,802
Other	30,560,032		14,126,970		12,668,257
Total	$	311,363,617	$	266,898,955	$	239,808,059
Income (Loss) from Operations:
Automotive Products	$	476,222,379	$	495,650,700	$	372,490,748
Other	(16,495,806)		80,353		(2,484,622)
Total	$	459,726,573	$	495,731,053	$	370,006,126
Assets:
Automotive Products	$	1,819,179,258	$	1,782,342,705	$	1,670,634,277
Other	90,067,303		85,610,250		43,025,905
Corporate	851,574,414		743,484,597		613,569,742
Total	$	2,760,820,975	$	2,611,437,552	$	2,327,229,924
Depreciation & Amortization:
Automotive Products	$	87,207,822	$	87,123,055	$	90,030,087
Other	2,724,978		1,231,061		1,056,510
Corporate	4,781,862		4,967,076		5,481,846
Total	$	94,714,662	$	93,321,192	$	96,568,443
Capital Expenditures:
Automotive Products	$	127,601,204	$	163,070,404	$	141,166,506
Other	2,691,303		3,827,880		2,356,910
Corporate	14,376,495		16,780,176		2,909,707
Total	$	144,669,002	$	183,678,460	$	146,433,123

Schedule of Major Product Line Revenues

Other includes Dimmable Aircraft Windows, Fire Protection Products, Nanofiber, Medical, and Biometrics. Major product line revenues included within the Automotive Products segment are as follows:


	2024		2023		2022
Automotive Products
Automotive Mirrors	$	2,145,847,699	$	2,128,473,563	$	1,742,196,401
HomeLink® Modules*	118,876,865		126,186,728		132,546,057
Total Automotive Products	$	2,264,724,564	$	2,254,660,291	$	1,874,742,458



Other Products Revenue	$	48,589,769	$	44,554,753	$	44,215,585

Total Revenue	$	2,313,314,333	$	2,299,215,044	$	1,918,958,043

*Excludes HomeLink® revenue integrated into automotive mirrors.

Schedule of Automotive Customers Individually Accounted for 10% or More of Net Sales

In 2024, the Company had three automotive customers (including direct sales to original equipment manufacturer ("OEM") customers and sales through their Tier 1 suppliers), which individually accounted for 10% or more of net sales as follows:


	Toyota Motor Company	Volkswagen Group	General Motors
2024	19%	13%	11%
2023	18%	14%	10%
2022	16%	13%	10%