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Segment Reporting
 3 Months Ended
Mar. 31, 2025
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 79 percent and 78 percent of consolidated net sales for the three months ended March 31, 2025 and 2024, respectively, manufactures and distributes a broad array of highly engineered components for the leading OEMs in the recreation and transportation markets, consisting 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 57 percent of the Company's OEM Segment net sales for the three months ended March 31, 2025 were of components for travel trailer and fifth-wheel RVs.

The Aftermarket Segment, which accounted for 21 percent and 22 percent of consolidated net sales for the three months ended March 31, 2025 and 2024, respectively, supplies engineered components to the related aftermarket channels of the recreation and transportation markets, primarily to retail dealers, wholesale distributors, and service centers, as well as directly to retail customers via the Internet. The Aftermarket Segment also includes biminis, covers, buoys, and 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.
The Company's chief operating decision maker ("CODM") is its President and Chief Executive Officer. The decisions concerning the allocation of the Company's resources are made by the CODM with oversight by the Board of Directors. The CODM evaluates the performance of each segment and makes decisions concerning the allocation of resources based upon segment operating profit, generally defined as income before interest expense and income taxes. Segment assets are not reviewed by the CODM and therefore are not disclosed below. 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, 2024.

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, 2025Three Months Ended March 31, 2024
(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$466,353 $4,841 $471,194 $380,162 $10,601 $390,763 
Motorhomes36,189 23,419 59,608 40,004 28,834 68,838 
Adjacent Industries OEMs245,531 47,222 292,753 248,512 50,198 298,710 
Total OEM Segment net sales748,073 75,482 823,555 668,678 89,633 758,311 
Aftermarket Segment:
Total Aftermarket Segment net sales199,723 22,312 222,035 189,648 20,070 209,718 
Total net sales$947,796 $97,794 $1,045,590 $858,326 $109,703 $968,029 
(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

Corporate expenses are allocated between the segments based upon net sales. Accretion related to contingent consideration and other non-segment items are included in the segment to which they relate. Information relating to segments follows:

Three Months Ended March 31, 2025Three Months Ended March 31, 2024
(In thousands)
OEM
Aftermarket
Total
OEM
Aftermarket
Total
Net sales to external customers
$823,555 $222,035 $1,045,590 $758,311 $209,718 $968,029 
Cost of sales646,480 147,361 793,841 610,983 133,140 744,123 
Gross profit177,075 74,674 251,749 147,328 76,578 223,906 
Selling, general and administrative expenses115,102 55,330 170,432 114,492 51,803 166,295 
Operating profit$61,973 $19,344 $81,317 $32,836 $24,775 $57,611 
The following table presents the Company's revenue disaggregated by product:    
Three Months Ended 
March 31,
(In thousands)20252024
OEM Segment:
Chassis, chassis parts, and slide-out mechanisms$242,920 $212,139 
Windows and doors229,521 217,622 
Furniture and mattresses113,180 105,449 
Axles, ABS, and suspension solutions88,610 85,292 
Appliances77,650 69,657 
Other71,674 68,152 
Total OEM Segment net sales823,555 758,311 
Total Aftermarket Segment net sales222,035 209,718 
Total net sales$1,045,590 $968,029