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Segment Reporting
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
ASC 280, Segment Reporting, requires that a public business entity 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 a public business entity about which separate financial information is available that is evaluated regularly by the chief operating decision-maker ("CODM") in deciding how to allocate resources and in assessing performance. The Company's CODM is its Chief Executive Officer. The Company discloses segment information under two reportable segments, which are Automotive Products and Other. The Company's Automotive Products segment develops and manufactures digital vision and connected car products and electronics, including automatic-dimming rearview mirrors with and without electronic features; non-auto dimming rearview mirrors with and without electronic features; and other electronics. The Company's Other segment includes the operating segments of Fire Protection, Dimmable Aircraft Windows, Nanofiber, Medical, and Biometrics.
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:
Three Months Ended March 31,
20252024
Net Sales:
Automotive Products$563,864,259 $577,602,196 
Other12,908,831 12,623,015 
Total$576,773,090 $590,225,211 
Cost of Goods Sold:
Automotive Products$375,497,192 $379,926,869 
Other9,542,311 8,060,736 
Total$385,039,503 $387,987,605 
Operating Expenses:
Automotive Products$71,076,825 $68,129,187 
Other7,669,656 4,762,107 
Total$78,746,481 $72,891,294 
Depreciation and Amortization:
Automotive Products$23,466,283 $21,943,093 
Other813,403 798,749 
Corporate1,229,383 1,211,926 
Total$25,509,069 $23,953,768 
Income (Loss) from Operations:
Automotive Products$117,290,242 $129,546,140 
Other(4,303,136)(199,828)
Total$112,987,106 $129,346,312 
Assets:
Automotive Products$1,846,060,773 $1,841,283,617 
Other87,293,379 86,813,215 
Corporate849,195,076 785,117,738 
Total$2,782,549,228 $2,713,214,570 
Capital Expenditures:
Automotive Products$33,932,287 $28,037,141 
Other87,324 1,128,815 
Corporate2,702,790 2,705,414 
Total$36,722,401 $31,871,370