Segment and Geographic Information

6 Months Ended

Jun. 28, 2025

Segment Reporting [Abstract]

Segment and Geographic Information

Segment and Geographic Information

Segment results are as follows:

	For the Three Months ended June 28, 2025
(in thousands)	Light Duty		Heavy Duty		Specialty Vehicle		Total
Net sales	$	424,328	$	62,060	$	54,571	$	540,959
Cost of goods sold	248,139		46,705		26,602		321,446
Factoring expense	14,566		—		—		14,566
Other segment expenses	83,322		14,833		18,531		116,686
Segment income from operations	$	78,301	$	522	$	9,438	$	88,261
	For the Three Months ended June 29, 2024
(in thousands)	Light Duty		Heavy Duty		Specialty Vehicle		Total
Net sales	$	385,358	$	61,189	$	56,404	$	502,951
Cost of goods sold	230,628		45,185		27,735		303,548
Factoring expense	12,622		—		—		12,622
Other segment expenses	76,196		13,283		18,639		108,118
Segment income from operations	$	65,912	$	2,721	$	10,030	$	78,663
	For the Six Months ended June 28, 2025
(in thousands)	Light Duty		Heavy Duty		Specialty Vehicle		Total
Net sales	$	833,184	$	113,740	$	101,727	$	1,048,651
Cost of goods sold	485,138		85,182		51,110		621,430
Factoring expense	29,154		—		—		29,154
Other segment expenses	159,098		28,199		36,358		223,655
Segment income from operations	$	159,794	$	359	$	14,259	$	174,412
	For the Six Months ended June 29, 2024
(in thousands)	Light Duty		Heavy Duty		Specialty Vehicle		Total
Net sales	$	744,651	$	118,998	$	108,003	$	971,652
Cost of goods sold	447,113		89,753		53,929		590,795
Factoring expense	26,232		—		—		26,232
Other segment expenses	147,599		26,515		36,875		210,989
Segment income from operations	$	123,707	$	2,730	$	17,199	$	143,636

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

	For the Three Months Ended				For the Six Months Ended
(in thousands)	June 28, 2025		June 29, 2024		June 28, 2025		June 29, 2024
Segment income from operations	$	88,261	$	78,663	$	174,412	$	143,636
Acquisition-related intangible assets amortization	(5,406)		(5,481)		(10,877)		(10,965)
Acquisition-related transaction and other costs	(341)		(448)		(833)		(931)
Pretax reduction in workforce costs	(33)		(282)		(147)		(4,850)
Interest expense, net	(7,182)		(10,202)		(14,540)		(20,807)
Other income, net	1,544		136		2,905		96
Consolidated income before income taxes	$	76,843	$	62,386	$	150,920	$	106,179

The following table presents our net sales by geographic region:

	Three Months Ended				Six Months Ended
(in thousands)	June 28, 2025		June 29, 2024		June 28, 2025		June 29, 2024
Net sales to U.S. customers	$	502,159	$	462,514	$	966,613	$	891,369
Net sales to non-U.S. customers	38,800		40,437		82,038		80,283
Total	$	540,959	$	502,951	$	1,048,651	$	971,652