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Segment Reporting
 9 Months Ended
Sep. 30, 2024
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 of consolidated net sales for each of the nine months ended September 30, 2024 and 2023, manufactures and distributes a broad array of highly engineered components for the leading OEMs in the recreation and transportation 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 53 percent of the Company's OEM Segment net sales for the nine months ended September 30, 2024 were of components for travel trailer and fifth-wheel RVs.

The Aftermarket Segment, which accounted for 24 percent of consolidated net sales for each of the nine months ended September 30, 2024 and 2023, supplies engineered components to the related aftermarket channels of the recreation and transportation products, 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, 2023.
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, 2024Three Months Ended September 30, 2023
(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$363,746 $5,466 $369,212 $352,774 $10,799 $363,573 
Motorhomes30,749 22,051 52,800 40,254 25,415 65,669 
Adjacent Industries OEMs219,200 43,249 262,449 254,355 44,870 299,225 
Total OEM Segment net sales613,695 70,766 684,461 647,383 81,084 728,467 
Aftermarket Segment:
Total Aftermarket Segment net sales211,490 19,546 231,036 212,647 18,201 230,848 
Total net sales$825,185 $90,312 $915,497 $860,030 $99,285 $959,315 
Nine Months Ended September 30, 2024Nine Months Ended September 30, 2023
(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$1,162,855 $23,469 $1,186,324 $994,581 $38,285 $1,032,866 
Motorhomes103,642 81,616 185,258 124,946 81,458 206,404 
Adjacent Industries OEMs722,491 144,824 867,315 862,176 144,202 1,006,378 
Total OEM Segment net sales1,988,988 249,909 2,238,897 1,981,703 263,945 2,245,648 
Aftermarket Segment:
Total Aftermarket Segment net sales636,410 62,763 699,173 648,034 53,582 701,616 
Total net sales$2,625,398 $312,672 $2,938,070 $2,629,737 $317,527 $2,947,264 
(a) Net sales to customers in the United States of America
(b) Net sales to customers domiciled in countries 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)2024202320242023
Operating profit:
OEM Segment$21,825 $11,165 $105,223 $29,086 
Aftermarket Segment32,063 34,425 96,880 91,721 
Total operating profit$53,888 $45,590 $202,103 $120,807 
The following table presents the Company's revenue disaggregated by product:
Three Months Ended 
September 30,		Nine Months Ended 
September 30,
(In thousands)2024202320242023
OEM Segment:
Chassis, chassis parts, and slide-out mechanisms$196,175 $202,429 $638,248 $603,221 
Windows and doors203,735 214,135 650,314 652,840 
Furniture and mattresses98,072 104,266 314,241 370,175 
Axles, ABS, and suspension solutions68,750 82,083 243,319 246,466 
Other117,729 125,554 392,775 372,946 
Total OEM Segment net sales684,461 728,467 2,238,897 2,245,648 
Total Aftermarket Segment net sales231,036 230,848 699,173 701,616 
Total net sales$915,497 $959,315 $2,938,070 $2,947,264