Segment Reporting

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

Operating segments are defined as components of an enterprise that are evaluated regularly by the Company’s chief operating decision maker (“CODM”), which is our President and Chief Executive Officer. Each of these segments consists of a number of manufacturing facilities. Certain of our facilities manufacture and sell products through both of our segments. Each manufacturing facility that sells products through both segments is reflected in the financial results of the segment that has the greatest amount of revenues from that manufacturing facility. Our segments are more specifically described below.

The Electrical Systems segment designs, manufactures and sells the following products:

•Electrical systems, electrical wire harnesses, electro-mechanical assemblies for warehouses, electro-mechanical cable assemblies for the construction, agricultural, industrial, automotive, truck, mining, rail and military industries in North America, Europe and Asia-Pacific. This segment includes a portion of the company’s activities in the emerging electric vehicle market;

•Plastic components ("Trim") primarily for the North America commercial vehicle market and recreational vehicle markets;

•Warehouse automation subsystems primarily for the North American e-commerce markets and include electro-mechanical assemblies and panels;

•Commercial vehicle accessories including wipers, mirrors, floormats and sensors; and

•Cab structures for the North American MD/HD truck market.

The Global Seating segment designs, manufactures and sells the following products:

•Commercial vehicle seats for the global commercial vehicle markets including heavy duty trucks, medium duty trucks, last mile trucks, construction equipment, material handling equipment and agriculture equipment in North America, Europe and Asia-Pacific. This segment includes a portion of the company’s activities in the emerging electric vehicle market;

•Office seats primarily in Europe and Asia-Pacific; and

•Aftermarket seats and components in North America, Europe and Asia-Pacific.

Corporate expenses consist of certain overhead and shared costs that are not directly attributable to the operations of a segment. For purposes of business segment performance measurement, some of these costs that are for the benefit of the operations are allocated based on a combination of methodologies. The costs that are not allocated to a segment are considered stewardship costs and remain at corporate in our segment reporting.

The following table presents segment revenues, gross profit, selling, general and administrative expenses, amortization expense, operating income, capital expenditures, depreciation expense and other items for the three months ended March 31, 2021 and 2020. The table does not include assets as the CODM does not review assets by segment.

	Three Months Ended March 31, 2021
	Electrical Systems		Global Seating		Corporate/ Other		Total
Revenues
External revenues	$	159,687	$	85,435	$	—	$	245,122
Intersegment revenues	2,553		5,659		(8,212)		—
Total revenues	$	162,240	$	91,094	$	(8,212)	$	245,122
Gross profit	$	20,270	$	10,888	$	(37)	$	31,121
Selling, general & administrative expenses	5,403		5,344		4,971		15,718
Operating income (loss)	$	14,867	$	5,544	$	(5,008)	$	15,403

	Three Months Ended March 31, 2020
	Electrical Systems		Global Seating		Corporate/ Other		Total
Revenues
External revenues	$	111,167	$	75,938	$	—	$	187,105
Intersegment revenues	931		43		(974)		—
Total revenues	$	112,098	$	75,981	$	(974)	$	187,105
Gross profit	$	10,946	$	9,371	$	(14)	$	20,303
Selling, general & administrative expenses	4,679		4,923		8,357		17,959
Goodwill and other impairment	23,415		4,809		643		28,867
Operating loss	$	(17,148)	$	(361)	$	(9,014)	$	(26,523)