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Segment Reporting
 6 Months Ended
Jun. 30, 2023
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 84 percent of consolidated net sales for the six months ended June 30, 2023 and 2022, respectively, manufactures and distributes a broad array of engineered components for the leading OEMs in the recreation, transportation products, and housing markets, consisting primarily of RVs and adjacent industries, including boats; buses; trailers used to haul boats, livestock, equipment, and other cargo; trucks; trains; manufactured homes; and modular housing. Approximately 44 percent of the Company's OEM Segment net sales for the six months ended June 30, 2023 were of components for travel trailer and fifth-wheel RVs.

The Aftermarket Segment, which accounted for 24 percent and 16 percent of consolidated net sales for the six months ended June 30, 2023 and 2022, respectively, supplies engineered components to the related aftermarket channels of the recreation, transportation products, and housing markets, primarily to retail dealers, wholesale distributors, and service centers, as well as direct to retail customers via the Internet. The Aftermarket Segment also includes biminis, covers, buoys, fenders to the marine industry, towing products, truck accessories, appliances, air conditioners, televisions, sound systems, tankless water heaters, 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, 2022.
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, 2023Three Months Ended June 30, 2022
(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$326,824 $11,915 $338,739 $800,315 $14,194 $814,509 
Motorhomes40,689 30,496 71,185 64,008 27,472 91,480 
Adjacent Industries OEMs298,355 50,729 349,084 323,715 46,574 370,289 
Total OEM Segment net sales665,868 93,140 759,008 1,188,038 88,240 1,276,278 
Aftermarket Segment:
Total Aftermarket Segment net sales234,901 20,730 255,631 240,246 19,626 259,872 
Total net sales$900,769 $113,870 $1,014,639 $1,428,284 $107,866 $1,536,150 
Six Months Ended June 30, 2023Six Months Ended June 30, 2022
(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$641,806 $27,486 $669,292 $1,737,950 $29,785 $1,767,735 
Motorhomes84,693 56,043 140,736 124,154 54,580 178,734 
Adjacent Industries OEMs607,820 99,332 707,152 635,363 91,028 726,391 
Total OEM Segment net sales1,334,319 182,861 1,517,180 2,497,467 175,393 2,672,860 
Aftermarket Segment:
Total Aftermarket Segment net sales435,388 35,381 470,769 470,413 37,445 507,858 
Total net sales$1,769,707 $218,242 $1,987,949 $2,967,880 $212,838 $3,180,718 
(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)2023202220232022
Operating profit:
OEM Segment$18,642 $190,577 $17,921 $435,951 
Aftermarket Segment36,532 28,212 57,296 52,539 
Total operating profit$55,174 $218,789 $75,217 $488,490 
The following table presents the Company's revenue disaggregated by product:
Three Months Ended 
June 30,		Six Months Ended 
June 30,
(In thousands)2023202220232022
OEM Segment:
Chassis, chassis parts, and slide-out mechanisms$202,735 $486,591 $400,791 $1,046,311 
Windows and doors220,094 301,985 438,705 632,343 
Furniture and mattresses125,346 229,520 265,909 471,746 
Axles and suspension solutions88,635 93,378 164,384 190,423 
Other122,198 164,804 247,391 332,037 
Total OEM Segment net sales759,008 1,276,278 1,517,180 2,672,860 
Total Aftermarket Segment net sales255,631 259,872 470,769 507,858 
Total net sales$1,014,639 $1,536,150 $1,987,949 $3,180,718