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Segment Reporting
9 Months Ended
Sep. 30, 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 81 percent and 77 percent of consolidated net sales for the nine months ended September 30, 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 nine months ended September 30, 2021 were of components for travel trailer and fifth-wheel RVs.

The Aftermarket Segment, which accounted for 19 percent and 23 percent of consolidated net sales for the nine months ended September 30, 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 September 30, 2021Three Months Ended September 30, 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$586,830 $15,599 $602,429 $407,485 $9,565 $417,050 
Motorhomes39,679 23,580 63,259 29,707 14,734 44,441 
Adjacent Industries OEMs246,582 34,011 280,593 151,572 28,991 180,563 
Total OEM Segment net sales873,091 73,190 946,281 588,764 53,290 642,054 
Aftermarket Segment:
Total Aftermarket Segment net sales204,566 14,462 219,028 179,510 6,165 185,675 
Total net sales$1,077,657 $87,652 $1,165,309 $768,274 $59,455 $827,729 
Nine Months Ended September 30, 2021Nine Months Ended September 30, 2020
(In thousands)U.S. (a)Int’l (b)TotalU.S. (a)Int’l (b)Total
OEM Segment:
RV OEMs:
Travel trailers and fifth-wheels$1,582,182 $50,877 $1,633,059 $916,144 $20,532 $936,676 
Motorhomes118,872 74,233 193,105 70,126 37,115 107,241 
Adjacent Industries OEMs690,759 110,262 801,021 406,727 91,579 498,306 
Total OEM Segment net sales2,391,813 235,372 2,627,185 1,392,997 149,226 1,542,223 
Aftermarket Segment:
Total Aftermarket Segment net sales585,973 46,129 632,102 455,799 15,142 470,941 
Total net sales$2,977,786 $281,501 $3,259,287 $1,848,796 $164,368 $2,013,164 
(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 
September 30,
Nine Months Ended 
September 30,
(In thousands)2021202020212020
Operating profit:
OEM Segment$64,136 $65,533 $206,757 $110,485 
Aftermarket Segment24,888 28,900 77,680 48,996 
Total operating profit$89,024 $94,433 $284,437 $159,481 

The following table presents the Company's revenue disaggregated by product:
Three Months Ended 
September 30,
Nine Months Ended 
September 30,
(In thousands)2021202020212020
OEM Segment:
Chassis, chassis parts, and slide-out mechanisms$351,837 $253,182 $948,135 $586,985 
Windows and doors254,526 173,102 761,168 438,829 
Furniture and mattresses184,741 105,226 508,789 250,068 
Axles and suspension solutions68,120 42,708 184,092 103,450 
Other87,057 67,836 225,001 162,891 
Total OEM Segment net sales946,281 642,054 2,627,185 1,542,223 
Total Aftermarket Segment net sales219,028 185,675 632,102 470,941 
Total net sales$1,165,309 $827,729 $3,259,287 $2,013,164