Revenue from Contracts with Customers

6 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Revenue from Contracts with Customers

Revenue from Contracts with Customers

We generate revenue from the production of parts sold to automotive and light-truck Original Equipment Manufacturers (“OEMs”), or Tier 1 suppliers at the direction of the OEM, under long-term supply agreements supporting new vehicle production. Such agreements also require related production of service parts subsequent to the initial vehicle production periods. Additionally, we generate revenue from the production of parts sold in aftermarket service channels and to non-automotive commercial customers.

Contract Balances:

We have no material contract assets or contract liabilities as of December 31, 2023 or July 2, 2023.

Revenue by Product Group and Customer:

Revenue by product group for the periods presented was as follows (thousands of dollars):

	Three Months Ended				Six Months Ended
	December 31, 2023		January 1, 2023		December 31, 2023		January 1, 2023
Door handles & exterior trim	$	30,155	$	28,425	$	62,923	$	58,550
Power access		26,084		26,445		58,735		51,286
Keys & locksets		24,617		24,716		54,912		53,381
Latches		14,713		13,658		30,273		28,420
Aftermarket & OE service		9,028		9,493		19,932		20,141
User interface controls		11,417		8,620		22,014		17,738
Other		2,518		1,827		5,149		4,028
	$	118,532	$	113,184	$	253,938	$	233,544

Revenue by customer or customer group for the periods presented was as follows (thousands of dollars):

	Three Months Ended				Six Months Ended
	December 31, 2023		January 1, 2023		December 31, 2023		January 1, 2023
General Motors Company	$	36,517	$	35,534	$	77,022	$	73,684
Ford Motor Company		24,634		22,149		51,543		46,765
Stellantis		13,200		16,995		40,497		34,150
Tier 1 Customers		18,055		16,083		36,178		33,392
Commercial and Other OEM     Customers		14,452		13,134		28,647		27,960
Hyundai / Kia		11,674		9,289		20,051		17,593
	$	118,532	$	113,184	$	253,938	$	233,544