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SEGMENT REPORTING | 9 Months Ended
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Sep. 30, 2025
Segment Reporting |
Segment reporting | NOTE 2 – SEGMENT REPORTING ​ The Company conducts its operations in the U.S., Canada, and Mexico, and collectively this represents its single operating segment, referred to as its automotive aftermarket parts segment, which is its only reportable segment. There have been no changes in the determination of segmentation or the measurements used to determine reported segment net income during the nine months ended September 30, 2025. Net income is utilized by the chief operating decision maker to evaluate budget to actual results, as well as trends over time, to allocate resources, and evaluate performance. The measure of segment assets is reported as “Total assets” on the accompanying Condensed Consolidated Balance Sheets as of September 30, 2025, and December 31, 2024. At September 30, 2025, and December 31, 2024, the Company’s consolidated long-lived assets were located primarily in the United States and consolidated revenue was primarily generated within the United States for the three and nine months ended September 30, 2025 and 2024, with immaterial assets and revenues associated with international operations. ​ The table below identifies the Company’s significant segment expenses regularly provided to the chief operating decision maker that are included in reported segment profit or loss, which is consolidated net income, for the three and nine months ended September 30, 2025 and 2024 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | For the Three Months Ended | ​ | For the Nine Months Ended
​ | ​ | ​ | September 30, | ​ | September 30,
​ | ​ | ​ | 2025 | ​ | 2024 | ​ | 2025 | ​ | 2024
Automotive aftermarket parts segment: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Sales | ​ | $ | 4,705,696 | ​ | $ | 4,364,437 | ​ | $ | 13,367,678 | ​ | $ | 12,612,878
Cost of goods sold, including warehouse and distribution expenses | ​ | ​ | 2,265,750 | ​ | ​ | 2,113,212 | ​ | ​ | 6,479,709 | ​ | ​ | 6,159,421
Gross profit | ​ | ​ | 2,439,946 | ​ | ​ | 2,251,225 | ​ | ​ | 6,887,969 | ​ | ​ | 6,453,457
Less: | Team Member compensation expense (1) | ​ | ​ | 918,655 | ​ | ​ | 855,170 | ​ | ​ | 2,677,887 | ​ | ​ | 2,495,947
​ | Rent expense (2) | ​ | ​ | 116,358 | ​ | ​ | 108,114 | ​ | ​ | 344,608 | ​ | ​ | 319,130
​ | Depreciation and amortization expense | ​ | ​ | 104,695 | ​ | ​ | 94,162 | ​ | ​ | 305,197 | ​ | ​ | 274,415
​ | Advertising expense | ​ | ​ | 25,359 | ​ | ​ | 25,652 | ​ | ​ | 70,187 | ​ | ​ | 71,500
​ | Other segment items (3) | ​ | ​ | 291,663 | ​ | ​ | 265,040 | ​ | ​ | 846,167 | ​ | ​ | 765,453
​ | Interest expense | ​ | ​ | 59,566 | ​ | ​ | 55,166 | ​ | ​ | 174,467 | ​ | ​ | 167,145
​ | Provision for income taxes | ​ | ​ | 197,754 | ​ | ​ | 182,457 | ​ | ​ | 536,480 | ​ | ​ | 524,317
Consolidated net income | ​ | $ | 725,896 | ​ | $ | 665,464 | ​ | $ | 1,932,976 | ​ | $ | 1,835,550
(1) | Team Member compensation expense derived from selling, general and administrative expenses included in Segment net income includes payroll expense, benefits and withholdings expense, share-based compensation expense, and nonqualified deferred compensation expense.
(2) | Rent expense derived from selling, general and administrative expenses included in Segment net income includes rent and common area maintenance expense.
(3) | Other segment items included in Segment net income includes vehicle expenses, utilities expense, real estate taxes and insurance expense, bad debt and banking fees expense, interest income, and other operating expenses.

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- Definition The entire disclosure for reporting segments including data and tables. 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