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Segment Reporting
 6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Segment Reporting SEGMENT REPORTING
The Company has two reportable segments, the OEM Segment and the Aftermarket Segment. Intersegment sales are insignificant.

The OEM Segment, which accounted for 76 percent and 89 percent of consolidated net sales for the six months ended June 30, 2020 and 2019, respectively, manufactures or distributes a broad array of engineered components for the leading OEMs in the recreation and transportation product markets, consisting primarily of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment and other cargo; trucks; boats; trains; manufactured homes; and modular housing. Approximately 58 percent of the Company’s OEM Segment net sales for the six months ended June 30, 2020 were of components for travel trailer and fifth-wheel RVs.

The Aftermarket Segment, which accounted for 24 percent and 11 percent of consolidated net sales for the six months ended June 30, 2020 and 2019, respectively, supplies engineered components to the related aftermarket channels of the recreation and transportation product markets, primarily to retail dealers, wholesale distributors, and service centers. The Aftermarket Segment also includes biminis, covers, buoys, fenders to the marine industry, towing products, truck accessories, and the sale of replacement glass and awnings to fulfill insurance claims.

Decisions concerning the allocation of the Company’s resources are made by the Company’s chief operating decision maker (“CODM”), with oversight by the Board of Directors. The CODM evaluates the performance of each segment based upon segment operating profit or loss, generally defined as income or loss before interest and income taxes. Decisions concerning the allocation of resources are also based on each segment’s utilization of assets. Management of debt is a corporate function. The accounting policies of the OEM and Aftermarket Segments are the same as those described in Note 2 of the Notes to Consolidated Financial Statements of the Company’s Annual Report on Form 10-K for the year ended December 31, 2019.
The following tables present the Company’s revenues disaggregated by segment and geography based on the billing address of the Company’s customers:
Three Months Ended June 30, 2020Three Months Ended June 30, 2019
(In thousands)
U.S. (a)
Int’l (b)
Total
U.S. (a)
Int’l (b)
Total
OEM Segment:
RV OEMs:
Travel trailers and fifth-wheels$204,977  $7,541  $212,518  $340,025  $3,026  $343,051  
Motorhomes13,505  11,208  24,713  28,943  12,414  41,357  
Adjacent Industries OEMs108,554  22,027  130,581  155,754  13,206  168,960  
Total OEM Segment net sales327,036  40,776  367,812  524,722  28,646  553,368  
Aftermarket Segment:
Total Aftermarket Segment net sales154,671  3,282  157,953  72,870  2,830  75,700  
Total net sales$481,707  $44,058  $525,765  $597,592  $31,476  $629,068  

Six Months Ended June 30, 2020Six Months Ended June 30, 2019
(In thousands)
U.S. (a)
Int’l (b)
Total
U.S. (a)
Int’l (b)
Total
OEM Segment:
RV OEMs:
Travel trailers and fifth-wheels$508,659  $10,967  $519,626  $653,392  $6,530  $659,922  
Motorhomes40,419  22,381  62,800  60,864  25,493  86,357  
Adjacent Industries OEMs255,155  62,588  317,743  312,490  26,379  338,869  
Total OEM Segment net sales804,233  95,936  900,169  1,026,746  58,402  1,085,148  
Aftermarket Segment:
Total Aftermarket Segment net sales276,289  8,977  285,266  129,402  6,690  136,092  
Total net sales$1,080,522  $104,913  $1,185,435  $1,156,148  $65,092  $1,221,240  

(a) Net sales to customers in the United States of America
(b) Net sales to customers in countries domiciled outside of the United States of America

The following table presents the Company’s operating profit by segment:
 Three Months Ended 
June 30,		Six Months Ended 
June 30,
(In thousands)2020201920202019
Operating profit:
OEM Segment$1,763  $52,679  $44,952  $93,087  
Aftermarket Segment19,019  12,978  20,096  20,325  
Total operating profit$20,782  $65,657  $65,048  $113,412  
The following table presents the Company’s revenue disaggregated by product:
Three Months Ended 
June 30,		Six Months Ended 
June 30,
(In thousands)2020201920202019
OEM Segment:
Chassis, chassis parts, and slide-out mechanisms$131,540  $213,209  $333,803  $417,592  
Windows and doors109,696  156,064  265,727  307,983  
Furniture and mattresses57,662  93,562  144,842  184,919  
Axles and suspension solutions25,606  33,957  60,742  66,192  
Other43,308  56,576  95,055  108,462  
Total OEM Segment net sales367,812  553,368  900,169  1,085,148  
Total Aftermarket Segment net sales157,953  75,700  285,266  136,092  
Total net sales$525,765  $629,068  $1,185,435  $1,221,240