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Segment Reporting
 3 Months Ended
Mar. 31, 2021
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 82 percent and 81 percent of consolidated net sales for the three months ended March 31, 2021 and 2020, 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 62 percent of the Company’s OEM Segment net sales for the three months ended March 31, 2021 were of components for travel trailer and fifth-wheel RVs.

The Aftermarket Segment, which accounted for 18 percent and 19 percent of consolidated net sales for the three months ended March 31, 2021 and 2020, 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 in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.
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 March 31, 2021Three Months Ended March 31, 2020
(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$486,542 $16,474 $503,016 $303,682 $3,426 $307,108 
Motorhomes39,417 23,176 62,593 26,914 11,173 38,087 
Adjacent Industries OEMs211,682 38,959 250,641 146,601 40,561 187,162 
Total OEM Segment net sales737,641 78,609 816,250 477,197 55,160 532,357 
Aftermarket Segment:
Total Aftermarket Segment net sales171,410 12,598 184,008 121,618 5,695 127,313 
Total net sales$909,051 $91,207 $1,000,258 $598,815 $60,855 $659,670 
(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 
March 31,
(In thousands)20212020
Operating profit:
OEM Segment$79,287 $43,189 
Aftermarket Segment22,144 1,077 
Total operating profit$101,431 $44,266 

The following table presents the Company’s revenue disaggregated by product:
Three Months Ended 
March 31,
(In thousands)20212020
OEM Segment:
Chassis, chassis parts, and slide-out mechanisms$287,061 $202,263 
Windows and doors249,920 156,031 
Furniture and mattresses155,244 87,180 
Axles and suspension solutions55,122 35,136 
Other68,903 51,747 
Total OEM Segment net sales816,250 532,357 
Total Aftermarket Segment net sales184,008 127,313 
Total net sales$1,000,258 $659,670