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Segment Reporting
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment Reporting SEGMENT REPORTING
The Company has two reportable segments, the OEM Segment and the Aftermarket Segment. Intersegment sales are insignificant.

The OEM Segment, which accounted for 77 percent and 76 percent of consolidated net sales for the six months ended June 30, 2024 and 2023, respectively, manufactures and distributes a broad array of highly engineered components for the leading OEMs in the recreation and transportation markets, consisting primarily of RVs and adjacent industries, including boats; buses; trailers used to haul boats, livestock, equipment, and other cargo; trucks; trains; manufactured homes; and modular housing. Approximately 53 percent of the Company's OEM Segment net sales for the six months ended June 30, 2024 were of components for travel trailer and fifth-wheel RVs.

The Aftermarket Segment, which accounted for 23 percent and 24 percent of consolidated net sales for the six months ended June 30, 2024 and 2023, respectively, supplies engineered components to the related aftermarket channels of the recreation and transportation products, primarily to retail dealers, wholesale distributors, and service centers, as well as direct to retail customers via the Internet. The Aftermarket Segment also includes biminis, covers, buoys, fenders to the marine industry, towing products, truck accessories, appliances, air conditioners, televisions, sound systems, tankless water heaters, and the sale of replacement glass and awnings to fulfill insurance claims.

Decisions concerning the allocation of the Company's resources are made by the Company's chief operating decision maker ("CODM"), with oversight by the Board of Directors. The CODM evaluates the performance of each segment based upon segment operating profit or loss, generally defined as income or loss before interest and income taxes. Decisions concerning the allocation of resources are also based on each segment's utilization of assets. Management of debt is a corporate function. The accounting policies of the OEM and Aftermarket Segments are the same as those described in Note 2 of the Notes to Consolidated Financial Statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2023.
The following tables present the Company's revenues disaggregated by segment and geography based on the billing address of the Company's customers:
Three Months Ended June 30, 2024Three Months Ended June 30, 2023
(In thousands)
U.S. (a)
Int’l (b)
Total
U.S. (a)
Int’l (b)
Total
OEM Segment:
RV OEMs:
Travel trailers and fifth-wheels$418,947 $7,402 $426,349 $326,824 $11,915 $338,739 
Motorhomes32,889 30,731 63,620 40,689 30,496 71,185 
Adjacent Industries OEMs254,778 51,377 306,155 298,355 50,729 349,084 
Total OEM Segment net sales706,614 89,510 796,124 665,868 93,140 759,008 
Aftermarket Segment:
Total Aftermarket Segment net sales235,273 23,147 258,420 234,901 20,730 255,631 
Total net sales$941,887 $112,657 $1,054,544 $900,769 $113,870 $1,014,639 
Six Months Ended June 30, 2024Six Months Ended June 30, 2023
(In thousands)
U.S. (a)
Int’l (b)
Total
U.S. (a)
Int’l (b)
Total
OEM Segment:
RV OEMs:
Travel trailers and fifth-wheels$799,109 $18,003 $817,112 $641,806 $27,486 $669,292 
Motorhomes72,893 59,565 132,458 84,693 56,043 140,736 
Adjacent Industries OEMs503,291 101,575 604,866 607,820 99,332 707,152 
Total OEM Segment net sales1,375,293 179,143 1,554,436 1,334,319 182,861 1,517,180 
Aftermarket Segment:
Total Aftermarket Segment net sales424,921 43,216 468,137 435,388 35,381 470,769 
Total net sales$1,800,214 $222,359 $2,022,573 $1,769,707 $218,242 $1,987,949 
(a) Net sales to customers in the United States of America
(b) Net sales to customers domiciled in countries outside of the United States of America

The following table presents the Company's operating profit by segment:
 Three Months Ended 
June 30,		Six Months Ended 
June 30,
(In thousands)2024202320242023
Operating profit:
OEM Segment$50,562 $18,642 $83,398 $17,921 
Aftermarket Segment40,042 36,532 64,817 57,296 
Total operating profit$90,604 $55,174 $148,215 $75,217 
The following table presents the Company's revenue disaggregated by product:
Three Months Ended 
June 30,		Six Months Ended 
June 30,
(In thousands)2024202320242023
OEM Segment:
Chassis, chassis parts, and slide-out mechanisms$229,934 $202,735 $442,073 $400,791 
Windows and doors228,957 220,094 446,579 438,705 
Furniture and mattresses110,720 125,346 216,169 265,909 
Axles, ABS, and suspension solutions89,277 88,635 174,569 164,384 
Other137,236 122,198 275,046 247,391 
Total OEM Segment net sales796,124 759,008 1,554,436 1,517,180 
Total Aftermarket Segment net sales258,420 255,631 468,137 470,769 
Total net sales$1,054,544 $1,014,639 $2,022,573 $1,987,949