Segment and Geographic Information

3 Months Ended

Mar. 29, 2025

Segment Reporting [Abstract]

Segment and Geographic Information

Segment and Geographic Information

Segment results are as follows:

	For the Three Months ended March 29, 2025
(in thousands)	Light Duty		Heavy Duty		Specialty Vehicle		Total
Net sales	$	408,856	$	51,680	$	47,156	$	507,692
Cost of goods sold	236,999		38,477		24,508		299,984
Factoring expense	14,588		—		—		14,588
Other segment expenses	75,776		13,366		17,827		106,969
Segment income (loss) from operations	$	81,493	$	(163)	$	4,821	$	86,151
	For the Three Months ended March 30, 2024
(in thousands)	Light Duty		Heavy Duty		Specialty Vehicle		Total
Net sales	$	359,293	$	57,809	$	51,599	$	468,701
Cost of goods sold	216,485		44,568		26,194		287,247
Factoring expense	13,610		—		—		13,610
Other segment expenses	71,403		13,232		18,236		102,871
Segment income from operations	$	57,795	$	9	$	7,169	$	64,973

A reconciliation of segment income from operations to consolidated income before income taxes is as follows:

	For the Three Months Ended
(in thousands)	March 29, 2025		March 30, 2024
Segment income from operations	$	86,151	$	64,973
Acquisition-related intangible assets amortization	(5,471)		(5,484)
Acquisition-related transaction and other costs	(492)		(483)
Pretax reduction in workforce costs	(114)		(4,568)
Interest expense, net	(7,358)		(10,605)
Other income (expense), net	1,361		(40)
Consolidated income before income taxes	$	74,077	$	43,793

The following table presents our net sales by geographic region:

	Three Months Ended
(in thousands)	March 29, 2025		March 30, 2024
Net sales to U.S. customers	$	464,453	$	428,855
Net sales to non-U.S. customers	43,239		39,846
Total	$	507,692	$	468,701