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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]

PAY VERSUS PERFORMANCE

 

The following table sets forth information regarding compensation of our CEO (referred to as our “PEO” in this section) and our other NEOs (the “Non-PEO NEOs”) on an average basis, along with total shareholder return, net income, and Adjusted EBIT for our fiscal years 2022, 2021, and 2020, as required by the SEC’s pay versus performance rules. For information regarding the Compensation Committee’s pay-for-performance philosophy and how executive compensation is aligned with Company performance, refer to the CD&A.

 

Pay Versus Performance Tables (“PVP”)

 

Year

SCT Total for PEO(1)

CAP to PEO(4)

Average SCT Total for Non-PEO NEOs(1)

Average CAP to Non-PEO NEOs(4)

Value of Initial Fixed $100 Investment Based On: 

Net Income ($mm)

Adjusted EBIT ($mm)(3)

TSR

Peer Group TSR(2)

(a)

(b)

(c)

(d)

(e) 

(f) 

(g) 

(h) 

(i) 

2022 $10,533,675 $(2,915,608) $3,770,625 $1,515,940 $94 $102 $395 $553
2021 $10,993,750 $24,642,255 $3,792,843 $5,626,233 $153 $151 $288 $398
2020 $9,509,751 $13,440,874 $2,299,341 $2,809,689 $124 $123 $158 $247

 

Legend

 

SCT — “Summary Compensation Table”

 

CAP — “Compensation Actually Paid”

 

TSR — “Total Shareholder Return”

 

(1)  The following individuals are included as PEO and Non-PEO NEOs in the table above.

 

Years

PEO

Non-PEO NEOs

2022 - 2020 Jason D. Lippert
Brian M. Hall
    Ryan R. Smith
    Jamie M. Schnur
    Andrew J. Namenye

(2) Our peer group for the calculation of TSR is the S&P Composite 1500 Auto Parts & Equipment Index, which is the industry index used in our stock price performance graph in our 2022 Annual Report to Stockholders.

 


(3) Adjusted EBIT is identified as our company-selected measure. Adjusted EBIT is a non-GAAP financial measure. Refer to Appendix A to this Proxy Statement for a reconciliation of this non-GAAP financial measure to the corresponding GAAP measure.

 


(4) The following adjustments were made to adjust SCT total pay in determining CAP. No adjustments were required in respect of stock options as none were granted and included in the SCT during 2020 - 2022.

  

NEO 

Year 

SCT Total 

Deductions from SCT Total 

Additions or Deductions to SCT Total 

CAP 

Amounts Reported in the Summary Compensation Table Stock Awards Column 

Amounts Reported in the Summary Compensation Table for Pension Value ($) 

Value of Equity Award Adjustments Calculated in Accordance with CAP Requirements(a) 

Value of Service Cost and Prior Service Cost under the Pension Plans 

Jason D.
Lippert
2022 $10,533,675 $(6,522,567)
$(6,926,716)
$(2,915,608)
2021 $10,993,750 $(5,245,239)
$18,893,744
$24,642,255
2020 $9,509,751 $(5,316,527)
$9,247,650
$13,440,874
Average for 2022 $3,770,625 $(1,680,171)
$(574,514)
$1,515,940
Non-PEO 2021 $3,792,843 $(1,087,172)
$2,920,563
$5,626,233
NEOs 2020 $2,299,341 $(707,881)
$1,218,229
$2,809,689

(a) The following elements comprise the equity fair value adjustments included in CAP.

NEO 

Year 

Fair value at fiscal year (FY) end, of equity awards granted during the FY that remained outstanding 

Change in fair value at FY end versus prior FY end for awards granted in any prior FY that remained outstanding 

Change in fair value at vesting date versus prior FY end for awards granted in any prior FY that vested during the FY 

Total Equity Adjustments Reflected in CAP 

Jason D. Lippert 2022 $3,128,591 $(6,657,207) $(3,398,100) $(6,926,716)
2021 $9,113,251 $9,213,995 $566,498 $18,893,744
2020 $8,564,877 $1,017,350 $(334,577) $9,247,650
Average for 2022 $854,897 $(1,049,842) $(379,569) $(574,514)
Non-PEO 2021 $1,888,872 $940,829 $90,862 $2,920,563
NEOs 2020 $1,101,643 $153,430 $(36,843) $1,218,229
   
Company Selected Measure Name Adjusted EBIT    
Named Executive Officers, Footnote [Text Block]

(1)  The following individuals are included as PEO and Non-PEO NEOs in the table above.

 

Years

PEO

Non-PEO NEOs

2022 - 2020 Jason D. Lippert
Brian M. Hall
    Ryan R. Smith
    Jamie M. Schnur
    Andrew J. Namenye
   
Peer Group Issuers, Footnote [Text Block]

(2) Our peer group for the calculation of TSR is the S&P Composite 1500 Auto Parts & Equipment Index, which is the industry index used in our stock price performance graph in our 2022 Annual Report to Stockholders.
   
PEO Total Compensation Amount $ 10,533,675 $ 10,993,750 $ 9,509,751
PEO Actually Paid Compensation Amount $ (2,915,608) 24,642,255 13,440,874
Adjustment To PEO Compensation, Footnote [Text Block]

(4) The following adjustments were made to adjust SCT total pay in determining CAP. No adjustments were required in respect of stock options as none were granted and included in the SCT during 2020 - 2022.

  

NEO 

Year 

SCT Total 

Deductions from SCT Total 

Additions or Deductions to SCT Total 

CAP 

Amounts Reported in the Summary Compensation Table Stock Awards Column 

Amounts Reported in the Summary Compensation Table for Pension Value ($) 

Value of Equity Award Adjustments Calculated in Accordance with CAP Requirements(a) 

Value of Service Cost and Prior Service Cost under the Pension Plans 

Jason D.
Lippert
2022 $10,533,675 $(6,522,567)
$(6,926,716)
$(2,915,608)
2021 $10,993,750 $(5,245,239)
$18,893,744
$24,642,255
2020 $9,509,751 $(5,316,527)
$9,247,650
$13,440,874
Average for 2022 $3,770,625 $(1,680,171)
$(574,514)
$1,515,940
Non-PEO 2021 $3,792,843 $(1,087,172)
$2,920,563
$5,626,233
NEOs 2020 $2,299,341 $(707,881)
$1,218,229
$2,809,689

(a) The following elements comprise the equity fair value adjustments included in CAP.

NEO 

Year 

Fair value at fiscal year (FY) end, of equity awards granted during the FY that remained outstanding 

Change in fair value at FY end versus prior FY end for awards granted in any prior FY that remained outstanding 

Change in fair value at vesting date versus prior FY end for awards granted in any prior FY that vested during the FY 

Total Equity Adjustments Reflected in CAP 

Jason D. Lippert 2022 $3,128,591 $(6,657,207) $(3,398,100) $(6,926,716)
2021 $9,113,251 $9,213,995 $566,498 $18,893,744
2020 $8,564,877 $1,017,350 $(334,577) $9,247,650
Average for 2022 $854,897 $(1,049,842) $(379,569) $(574,514)
Non-PEO 2021 $1,888,872 $940,829 $90,862 $2,920,563
NEOs 2020 $1,101,643 $153,430 $(36,843) $1,218,229
   
Non-PEO NEO Average Total Compensation Amount $ 3,770,625 3,792,843 2,299,341
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,515,940 5,626,233 2,809,689
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

 


(4) The following adjustments were made to adjust SCT total pay in determining CAP. No adjustments were required in respect of stock options as none were granted and included in the SCT during 2020 - 2022.

  

NEO 

Year 

SCT Total 

Deductions from SCT Total 

Additions or Deductions to SCT Total 

CAP 

Amounts Reported in the Summary Compensation Table Stock Awards Column 

Amounts Reported in the Summary Compensation Table for Pension Value ($) 

Value of Equity Award Adjustments Calculated in Accordance with CAP Requirements(a) 

Value of Service Cost and Prior Service Cost under the Pension Plans 

Jason D.
Lippert
2022 $10,533,675 $(6,522,567)
$(6,926,716)
$(2,915,608)
2021 $10,993,750 $(5,245,239)
$18,893,744
$24,642,255
2020 $9,509,751 $(5,316,527)
$9,247,650
$13,440,874
Average for 2022 $3,770,625 $(1,680,171)
$(574,514)
$1,515,940
Non-PEO 2021 $3,792,843 $(1,087,172)
$2,920,563
$5,626,233
NEOs 2020 $2,299,341 $(707,881)
$1,218,229
$2,809,689

(a) The following elements comprise the equity fair value adjustments included in CAP.

NEO 

Year 

Fair value at fiscal year (FY) end, of equity awards granted during the FY that remained outstanding 

Change in fair value at FY end versus prior FY end for awards granted in any prior FY that remained outstanding 

Change in fair value at vesting date versus prior FY end for awards granted in any prior FY that vested during the FY 

Total Equity Adjustments Reflected in CAP 

Jason D. Lippert 2022 $3,128,591 $(6,657,207) $(3,398,100) $(6,926,716)
2021 $9,113,251 $9,213,995 $566,498 $18,893,744
2020 $8,564,877 $1,017,350 $(334,577) $9,247,650
Average for 2022 $854,897 $(1,049,842) $(379,569) $(574,514)
Non-PEO 2021 $1,888,872 $940,829 $90,862 $2,920,563
NEOs 2020 $1,101,643 $153,430 $(36,843) $1,218,229
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]

The following charts show, for each of 2020, 2021, and 2022, the relationship between CAP to our PEO and to the average of our Non-PEO NEOs, to our TSR, our peer group’s TSR, our net income, and our Adjusted EBIT.

 

 

 

   
Compensation Actually Paid vs. Net Income [Text Block]

The following charts show, for each of 2020, 2021, and 2022, the relationship between CAP to our PEO and to the average of our Non-PEO NEOs, to our TSR, our peer group’s TSR, our net income, and our Adjusted EBIT.

 

   
Compensation Actually Paid vs. Company Selected Measure [Text Block]

The following charts show, for each of 2020, 2021, and 2022, the relationship between CAP to our PEO and to the average of our Non-PEO NEOs, to our TSR, our peer group’s TSR, our net income, and our Adjusted EBIT.

 

 

 

   
Total Shareholder Return Vs Peer Group [Text Block]

The following charts show, for each of 2020, 2021, and 2022, the relationship between CAP to our PEO and to the average of our Non-PEO NEOs, to our TSR, our peer group’s TSR, our net income, and our Adjusted EBIT.

 

 

 

   
Tabular List [Table Text Block]

Tabular List of Company Performance Measures

 

For the fiscal year ended December 31, 2022, Adjusted EBIT is identified as the most important financial performance measure in linking “compensation actually paid” to our performance; Adjusted EBIT was the only performance measure used in our annual cash incentive program in 2022. The other most important financial performance measure used in 2022 in linking “compensation actually paid” to our performance is ROIC; ROIC was the only performance measure used in our PSU awards granted in 2022. We only used these two financial measures in our 2022 incentive plans, so only those two are being disclosed in the following table.

 

Tabular List of Most Important Measures
(1)   Adjusted EBIT
(2)   ROIC
   
Total Shareholder Return Amount $ 94 153 124
Peer Group Total Shareholder Return Amount 102 151 123
Net Income (Loss) $ 395,000,000 $ 288,000,000 $ 158,000,000
Company Selected Measure Amount 553,000,000 398,000,000 247,000,000
PEO Name Jason D. Lippert Jason D. Lippert Jason D. Lippert
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name Adjusted EBIT    
Non-GAAP Measure Description [Text Block]

(3) Adjusted EBIT is identified as our company-selected measure. Adjusted EBIT is a non-GAAP financial measure. Refer to Appendix A to this Proxy Statement for a reconciliation of this non-GAAP financial measure to the corresponding GAAP measure.
   
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name ROIC    
PEO [Member] | Amounts Reported in the Summary Compensation Table Stock Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (6,522,567) $ (5,245,239) $ (5,316,527)
PEO [Member] | Amounts Reported in the Summary Compensation Table for Pension Value [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
PEO [Member] | Value of Equity Award Adjustments Calculated in Accordance with CAP Requirements [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (6,926,716) 18,893,744 9,247,650
PEO [Member] | Fair Value at Fiscal Year (FY) End of Equity Awards Granted During the FY that Remained Outstanding [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 3,128,591 9,113,251 8,564,877
PEO [Member] | Change in Fair Value at FY End Versus Prior FY End for Awards Granted in any Prior FY that Remained Outstanding [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (6,657,207) 9,213,995 1,017,350
PEO [Member] | Change in Fair Value at Vesting Date Versus Prior FY End for Awards Granted in any Prior FY that Vested During The FY [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (3,398,100) 566,498 (334,577)
PEO [Member] | Value of Service Cost and Prior Service Cost under the Pension Plans [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
Non-PEO NEO [Member] | Amounts Reported in the Summary Compensation Table Stock Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,680,171) (1,087,172) (707,881)
Non-PEO NEO [Member] | Amounts Reported in the Summary Compensation Table for Pension Value [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 0 0 0
Non-PEO NEO [Member] | Value of Equity Award Adjustments Calculated in Accordance with CAP Requirements [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (574,514) 2,920,563 1,218,229
Non-PEO NEO [Member] | Fair Value at Fiscal Year (FY) End of Equity Awards Granted During the FY that Remained Outstanding [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 854,897 1,888,872 1,101,643
Non-PEO NEO [Member] | Change in Fair Value at FY End Versus Prior FY End for Awards Granted in any Prior FY that Remained Outstanding [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,049,842) 940,829 153,430
Non-PEO NEO [Member] | Change in Fair Value at Vesting Date Versus Prior FY End for Awards Granted in any Prior FY that Vested During The FY [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (379,569) 90,862 (36,843)
Non-PEO NEO [Member] | Value of Service Cost and Prior Service Cost under the Pension Plans [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 0 $ 0 $ 0