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Segment Reporting | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Segment Reporting | SEGMENT REPORTINGASC 280, Segment Reporting, requires that a public enterprise report financial and descriptive information about its reportable operating segments subject to certain aggregation criteria and quantitative thresholds. Operating segments are defined by ASC 280 as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision-makers in deciding how to allocate resources and in assessing performance.
| 2022 |  | 2021 |  | 2020
Revenue: |  |  |  |  |
Automotive Products |  |  |  |  |
United States | $ | 579,531,611 |  | $ | 542,690,346 |  | $ | 519,337,271
Germany | 266,498,398 |  | 234,994,551 |  | 228,652,827
Japan | 234,888,653 |  | 211,417,475 |  | 216,100,530
Mexico | 121,553,711 |  | 111,761,245 |  | 127,157,684
Other Countries | 672,270,085 |  | 596,324,417 |  | 556,949,831
Other | 44,215,585 |  | 33,981,895 |  | 39,991,262
Total | $ | 1,918,958,043 |  | $ | 1,731,169,929 |  | $ | 1,688,189,405
Income (Loss) from Operations: |  |  |  |  |
Automotive Products | $ | 372,490,748 |  | $ | 414,185,075 |  | $ | 393,979,860
Other | (2,484,622) |  | (4,403,097) |  | 5,576,232
Total | $ | 370,006,126 |  | $ | 409,781,978 |  | $ | 399,556,092
Assets: |  |  |  |  |
Automotive Products | $ | 1,670,634,277 |  | $ | 1,495,298,453 |  | $ | 1,436,374,596
Other | 43,025,905 |  | 34,760,744 |  | 33,317,668
Corporate | 613,569,742 |  | 601,331,969 |  | 728,248,906
Total | $ | 2,327,229,924 |  | $ | 2,131,391,166 |  | $ | 2,197,941,170
Depreciation & Amortization: |  |  |  |  |
Automotive Products | $ | 90,030,087 |  | $ | 92,516,347 |  | $ | 97,530,191
Other | 1,056,510 |  | 913,451 |  | 689,894
Corporate | 5,481,846 |  | 5,682,221 |  | 6,519,815
Total | $ | 96,568,443 |  | $ | 99,112,019 |  | $ | 104,739,900
Capital Expenditures: |  |  |  |  |
Automotive Products | $ | 141,166,506 |  | $ | 58,415,887 |  | $ | 34,926,686
Other | 2,356,910 |  | 1,467,962 |  | 1,470,705
Corporate | 2,909,707 |  | 8,951,198 |  | 15,309,150
Total | $ | 146,433,123 |  | $ | 68,835,047 |  | $ | 51,706,541
Other includes Dimmable Aircraft Windows, Fire Protection Products, and Nanofiber. Major product line revenues included within the Automotive Products segment are as follows:
| 2022 |  | 2021 |  | 2020
Automotive Products |  |  |  |  |
Automotive Mirrors | $ | 1,742,196,401 |  |  | $ | 1,563,424,443 |  |  | $ | 1,520,628,604 |
HomeLink® Modules* | 132,546,057 |  |  | 133,763,591 |  |  | 127,569,539 |
Total Automotive Products | $ | 1,874,742,458 |  |  | $ | 1,697,188,034 |  |  | $ | 1,648,198,143 |
Other Products Revenue | $ | 44,215,585 |  |  | $ | 33,981,895 |  |  | $ | 39,991,262 |
Total Revenue | $ | 1,918,958,043 |  |  | $ | 1,731,169,929 |  |  | $ | 1,688,189,405 |
*Excludes HomeLink® revenue integrated into automotive mirrors. Corporate assets are principally cash and cash equivalents, investments, deferred income taxes and corporate fixed assets. Depreciation & Amortization on corporate fixed assets are allocated as appropriate to the Automotive and Other segments when reviewing operating results. Substantially all long-lived assets are located in the U.S. Automotive Products revenues in the “Other countries” category are sales to customer automotive manufacturing plants in Korea, Canada, Hungary, China, and the United Kingdom, as well as other foreign automotive customers. Most of the Company’s non-U.S. sales are invoiced and paid in U.S. dollars. During the years ended December 31, 2022, 2021 and 2020, approximately 7%, 8% and 7% of the Company’s net sales were invoiced and paid in foreign currencies, respectively. In 2022, the Company had three automotive customers (including direct sales to original equipment manufacturer ("OEM") customers and sales through their Tier 1 suppliers), which individually accounted for 10% or more of net sales as follows:
| Toyota Motor Company |  | Volkswagen Group |  | General Motors
2022 | 16% |  | 13% |  | 10%
2021 | 15% |  | 13% |  | 11%
2020 | 14% |  | 14% |  | 12%
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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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