Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

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 2024, 2023, 2022, 2021, and 2020, as required by the SEC’s pay versus performance rules. For information regarding the Compensation and Human Capital 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”)

										Value of Initial Fixed $100 Investment Based On
Year	SCT Total for PEO(1)		CAP to PEO(4)			Average SCT Total for Non-PEO NEOs(1)		Average CAP to Non-PEO NEOs(4)		TSR		Peer Group TSR(2)		Net Income ($mm)		Adjusted EBIT ($mm)(3)
(a)	(b)		(c)			(d)		(e)		(f)		(g)		(h)		(i)
2024	$	10,159,098	$	8,929,824		$	3,809,192	$	3,400,159	$	113	$	86	$	143	$	218
2023	$	8,642,843	$	6,518,542		$	2,281,477	$	1,577,949	$	133	$	108	$	64	$	123
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.

Year	PEO	Non-PEO NEOs	Year	PEO	Non-PEO NEOs	Years	PEO	Non-PEO NEOs
2024	Jason D. Lippert	Lillian D. Etzkorn	2023	Jason D. Lippert	Lillian D. Etzkorn	2022 - 2020	Jason D. Lippert	Brian M. Hall
		Ryan R. Smith			Ryan R. Smith			Ryan R. Smith
		Jamie M. Schnur			Jamie M. Schnur			Jamie M. Schnur
		Andrew J. Namenye			Andrew J. Namenye			Andrew J. Namenye
					Brian M. Hall

(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 2024 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 – 2024.

				Deductions from SCT Total					Additions or Deductions to SCT Total
NEO	Year	SCT Total		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		CAP
	2024	$	10,159,098	$	(6,681,590	)		—	$	5,452,316			—	$	8,929,824
Jason D.	2023	$	8,642,843	$	(7,169,980	)		—	$	5,045,679			—	$	6,518,542
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
	2024	$	3,809,192	$	(1,956,314	)		—	$	1,547,281			—	$	3,400,159
Average for	2023	$	2,281,477	$	(1,585,792	)		—	$	882,263			—	$	1,577,949
Non-PEO	2022	$	3,770,625	$	(1,680,171	)		—	$	(574,514	)		—	$	1,515,940
NEOs	2021	$	3,792,843	$	(1,087,172	)		—	$	2,920,563			—	$	5,626,233
	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
		2024	$	5,456,200	$	(431,178	)	$	427,293		$	5,452,316
		2023	$	2,523,251	$	630,644		$	1,891,784		$	5,045,679
Jason D.		2022	$	3,128,591	$	(6,657,207	)	$	(3,398,100	)	$	(6,926,716	)
Lippert		2021	$	9,113,251	$	9,213,995		$	566,498		$	18,893,744
		2020	$	8,564,877	$	1,017,350		$	(334,577	)	$	9,247,650
		2024	$	1,597,531	$	(122,364	)	$	72,114		$	1,547,281
Average for		2023	$	596,067	$	22,340		$	263,856		$	882,263
Non-PEO		2022	$	854,897	$	(1,049,842	)	$	(379,569	)	$	(574,514	)
NEOs		2021	$	1,888,872	$	940,829		$	90,862		$	2,920,563
		2020	$	1,101,643	$	153,430		$	(36,843	)	$	1,218,229

Company Selected Measure Name

Adjusted EBIT

Named Executive Officers, Footnote

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

Year	PEO	Non-PEO NEOs	Year	PEO	Non-PEO NEOs	Years	PEO	Non-PEO NEOs
2024	Jason D. Lippert	Lillian D. Etzkorn	2023	Jason D. Lippert	Lillian D. Etzkorn	2022 - 2020	Jason D. Lippert	Brian M. Hall
		Ryan R. Smith			Ryan R. Smith			Ryan R. Smith
		Jamie M. Schnur			Jamie M. Schnur			Jamie M. Schnur
		Andrew J. Namenye			Andrew J. Namenye			Andrew J. Namenye
					Brian M. Hall

Peer Group Issuers, Footnote

(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 2024 Annual Report to Stockholders.

PEO Total Compensation Amount

$ 10,159,098

$ 8,642,843

$ 10,533,675

$ 10,993,750

$ 9,509,751

PEO Actually Paid Compensation Amount

$ 8,929,824

6,518,542

(2,915,608)

24,642,255

13,440,874

Adjustment To PEO Compensation, Footnote

(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 – 2024.

				Deductions from SCT Total					Additions or Deductions to SCT Total
NEO	Year	SCT Total		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		CAP
	2024	$	10,159,098	$	(6,681,590	)		—	$	5,452,316			—	$	8,929,824
Jason D.	2023	$	8,642,843	$	(7,169,980	)		—	$	5,045,679			—	$	6,518,542
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
	2024	$	3,809,192	$	(1,956,314	)		—	$	1,547,281			—	$	3,400,159
Average for	2023	$	2,281,477	$	(1,585,792	)		—	$	882,263			—	$	1,577,949
Non-PEO	2022	$	3,770,625	$	(1,680,171	)		—	$	(574,514	)		—	$	1,515,940
NEOs	2021	$	3,792,843	$	(1,087,172	)		—	$	2,920,563			—	$	5,626,233
	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
		2024	$	5,456,200	$	(431,178	)	$	427,293		$	5,452,316
		2023	$	2,523,251	$	630,644		$	1,891,784		$	5,045,679
Jason D.		2022	$	3,128,591	$	(6,657,207	)	$	(3,398,100	)	$	(6,926,716	)
Lippert		2021	$	9,113,251	$	9,213,995		$	566,498		$	18,893,744
		2020	$	8,564,877	$	1,017,350		$	(334,577	)	$	9,247,650
		2024	$	1,597,531	$	(122,364	)	$	72,114		$	1,547,281
Average for		2023	$	596,067	$	22,340		$	263,856		$	882,263
Non-PEO		2022	$	854,897	$	(1,049,842	)	$	(379,569	)	$	(574,514	)
NEOs		2021	$	1,888,872	$	940,829		$	90,862		$	2,920,563
		2020	$	1,101,643	$	153,430		$	(36,843	)	$	1,218,229

Non-PEO NEO Average Total Compensation Amount

$ 3,809,192

2,281,477

3,770,625

3,792,843

2,299,341

Non-PEO NEO Average Compensation Actually Paid Amount

$ 3,400,159

1,577,949

1,515,940

5,626,233

2,809,689

Adjustment to Non-PEO NEO Compensation Footnote

(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 – 2024.

				Deductions from SCT Total					Additions or Deductions to SCT Total
NEO	Year	SCT Total		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		CAP
	2024	$	10,159,098	$	(6,681,590	)		—	$	5,452,316			—	$	8,929,824
Jason D.	2023	$	8,642,843	$	(7,169,980	)		—	$	5,045,679			—	$	6,518,542
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
	2024	$	3,809,192	$	(1,956,314	)		—	$	1,547,281			—	$	3,400,159
Average for	2023	$	2,281,477	$	(1,585,792	)		—	$	882,263			—	$	1,577,949
Non-PEO	2022	$	3,770,625	$	(1,680,171	)		—	$	(574,514	)		—	$	1,515,940
NEOs	2021	$	3,792,843	$	(1,087,172	)		—	$	2,920,563			—	$	5,626,233
	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
		2024	$	5,456,200	$	(431,178	)	$	427,293		$	5,452,316
		2023	$	2,523,251	$	630,644		$	1,891,784		$	5,045,679
Jason D.		2022	$	3,128,591	$	(6,657,207	)	$	(3,398,100	)	$	(6,926,716	)
Lippert		2021	$	9,113,251	$	9,213,995		$	566,498		$	18,893,744
		2020	$	8,564,877	$	1,017,350		$	(334,577	)	$	9,247,650
		2024	$	1,597,531	$	(122,364	)	$	72,114		$	1,547,281
Average for		2023	$	596,067	$	22,340		$	263,856		$	882,263
Non-PEO		2022	$	854,897	$	(1,049,842	)	$	(379,569	)	$	(574,514	)
NEOs		2021	$	1,888,872	$	940,829		$	90,862		$	2,920,563
		2020	$	1,101,643	$	153,430		$	(36,843	)	$	1,218,229

Compensation Actually Paid vs. Total Shareholder Return

COMPENSATION ACTUALLY PAID VERSUS TOTAL SHAREHOLDER RETURN

 

Compensation Actually Paid vs. Net Income

COMPENSATION ACTUALLY PAID VERSUS NET INCOME

Compensation Actually Paid vs. Company Selected Measure

COMPENSATION ACTUALLY PAID VERSUS ADJUSTED EBIT

Total Shareholder Return Vs Peer Group

COMPENSATION ACTUALLY PAID VERSUS TOTAL SHAREHOLDER RETURN

 

Tabular List, Table

Tabular List of Company Performance Measures

For the fiscal year ended December 31, 2024, Adjusted EBIT is identified as the most important financial performance measure in linking “compensation actually paid” to our performance. Adjusted EBIT was one of the only two performance measures used in our annual cash incentive program in 2024 (in addition to Cash Flow from Operations). The other most important financial performance measure used in 2024 in linking “compensation actually paid” to our performance is ROIC; ROIC was one of two performance measures used in our PSU awards granted in 2024 (in addition to Free Cash Flow as a percent of Operating Profit). We used these four financial measures in our 2024 incentive plans, so they are being disclosed in the following table.

Tabular List of Most Important Measures

(1) Adjusted EBIT

(2) ROIC

(3) Cash Flow from Operations

(4) Free Cash Flow as a percent of Operating Profit

Total Shareholder Return Amount

$ 113

133

94

153

124

Peer Group Total Shareholder Return Amount

86

108

102

151

123

Net Income (Loss)

$ 143,000,000

$ 64,000,000

$ 395,000,000

$ 288,000,000

$ 158,000,000

Company Selected Measure Amount

218,000,000

123,000,000

553,000,000

398,000,000

247,000,000

PEO Name

Jason D. Lippert

Jason D. Lippert

Jason D. Lippert

Jason D. Lippert

Jason D. Lippert

Additional 402(v) Disclosure

TSR was not used as a performance measure in our 2024 annual cash incentive or equity programs. However, the fact that stock price impacts the value of outstanding and vested equity awards means that there is some relationship between CAP and our TSR performance.

Our company-selected measure is Adjusted EBIT, which was the only performance measure under our annual cash incentive program in 2024. Even with the weight of this measure in our incentive framework, there is a limited relationship with CAP. Similarly, we do not use GAAP net income in our incentive plans. Accordingly, there is a limited relationship with CAP.

Equity Awards Adjustments, Footnote

(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
		2024	$	5,456,200	$	(431,178	)	$	427,293		$	5,452,316
		2023	$	2,523,251	$	630,644		$	1,891,784		$	5,045,679
Jason D.		2022	$	3,128,591	$	(6,657,207	)	$	(3,398,100	)	$	(6,926,716	)
Lippert		2021	$	9,113,251	$	9,213,995		$	566,498		$	18,893,744
		2020	$	8,564,877	$	1,017,350		$	(334,577	)	$	9,247,650
		2024	$	1,597,531	$	(122,364	)	$	72,114		$	1,547,281
Average for		2023	$	596,067	$	22,340		$	263,856		$	882,263
Non-PEO		2022	$	854,897	$	(1,049,842	)	$	(379,569	)	$	(574,514	)
NEOs		2021	$	1,888,872	$	940,829		$	90,862		$	2,920,563
		2020	$	1,101,643	$	153,430		$	(36,843	)	$	1,218,229

Measure:: 1

Pay vs Performance Disclosure

Name

Adjusted EBIT

Non-GAAP Measure Description

(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:: 2

Pay vs Performance Disclosure

Name

ROIC

Measure:: 3

Pay vs Performance Disclosure

Name

Cash Flow from Operations

Measure:: 4

Pay vs Performance Disclosure

Name

Free Cash Flow as a percent of Operating Profit

PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 0

$ 0

$ 0

$ 0

$ 0

PEO | Aggregate Pension Adjustments Service Cost

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

0

0

PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(6,681,590)

(7,169,980)

(6,522,567)

(5,245,239)

(5,316,527)

PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

5,452,316

5,045,679

(6,926,716)

18,893,744

9,247,650

PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

5,456,200

2,523,251

3,128,591

9,113,251

8,564,877

PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(431,178)

630,644

(6,657,207)

9,213,995

1,017,350

PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

427,293

1,891,784

(3,398,100)

566,498

(334,577)

Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

0

0

Non-PEO NEO | Aggregate Pension Adjustments Service Cost

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

0

0

Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,956,314)

(1,585,792)

(1,680,171)

(1,087,172)

(707,881)

Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

1,547,281

882,263

(574,514)

2,920,563

1,218,229

Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

1,597,531

596,067

854,897

1,888,872

1,101,643

Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(122,364)

22,340

(1,049,842)

940,829

153,430

Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 72,114

$ 263,856

$ (379,569)

$ 90,862

$ (36,843)