Revenue from Contracts with Customers

9 Months Ended

Mar. 31, 2024

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 March 31, 2024 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				Nine Months Ended
	March 31, 2024		April 2, 2023		March 31, 2024		April 2, 2023
Door handles & exterior trim	$	35,909	$	30,834	$	98,831	$	89,384
Power access		35,116		31,046		93,851		82,332
Keys & locksets		25,973		27,625		80,885		81,006
Latches		18,976		14,150		49,249		42,570
User interface controls		12,462		9,989		34,476		27,727
Aftermarket & OE service		9,232		11,345		29,164		31,486
Other		3,105		2,194		8,255		6,222
	$	140,773	$	127,183	$	394,711	$	360,727

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

	Three Months Ended				Nine Months Ended
	March 31, 2024		April 2, 2023		March 31, 2024		April 2, 2023
General Motors Company	$	42,713	$	37,537	$	119,735	$	111,221
Ford Motor Company		30,794		23,293		82,337		70,058
Stellantis		18,461		21,610		58,958		55,760
Tier 1 Customers		20,916		19,742		57,093		53,134
Commercial and Other OEM     Customers		14,734		13,839		43,383		41,799
Hyundai / Kia		13,155		11,162		33,205		28,755
	$	140,773	$	127,183	$	394,711	$	360,727