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SEGMENT REPORTING (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Automotive and Other Segment Reporting | The table below presents net sales and the significant expense categories that are included in reportable segment operating profit and regularly provided to our CODM:
| 2024 |  | 2023 |  | 2022
Net Sales: |  |  |  |  |
Automotive Products | $ | 2,264,724,564 |  | $ | 2,254,660,291 |  | $ | 1,874,742,458
Other | 48,589,769 |  | 44,554,753 |  | 44,215,585
Total | $ | 2,313,314,333 |  | $ | 2,299,215,044 |  | $ | 1,918,958,043
Cost of Goods Sold: |  |  |  |  |
Automotive Products | $ | 1,507,698,600 |  | $ | 1,506,237,606 |  | $ | 1,275,111,908
Other | 34,525,543 |  | 30,347,430 |  | 34,031,950
Total | $ | 1,542,224,143 |  | $ | 1,536,585,036 |  | $ | 1,309,143,858
Operating Expenses: |  |  |  |  |
Automotive Products | $ | 280,803,585 |  | $ | 252,771,985 |  | $ | 227,139,802
Other | 30,560,032 |  | 14,126,970 |  | 12,668,257
Total | $ | 311,363,617 |  | $ | 266,898,955 |  | $ | 239,808,059
Income (Loss) from Operations: |  |  |  |  |
Automotive Products | $ | 476,222,379 |  | $ | 495,650,700 |  | $ | 372,490,748
Other | (16,495,806) |  | 80,353 |  | (2,484,622)
Total | $ | 459,726,573 |  | $ | 495,731,053 |  | $ | 370,006,126
Assets: |  |  |  |  |
Automotive Products | $ | 1,819,179,258 |  | $ | 1,782,342,705 |  | $ | 1,670,634,277
Other | 90,067,303 |  | 85,610,250 |  | 43,025,905
Corporate | 851,574,414 |  | 743,484,597 |  | 613,569,742
Total | $ | 2,760,820,975 |  | $ | 2,611,437,552 |  | $ | 2,327,229,924
Depreciation & Amortization: |  |  |  |  |
Automotive Products | $ | 87,207,822 |  | $ | 87,123,055 |  | $ | 90,030,087
Other | 2,724,978 |  | 1,231,061 |  | 1,056,510
Corporate | 4,781,862 |  | 4,967,076 |  | 5,481,846
Total | $ | 94,714,662 |  | $ | 93,321,192 |  | $ | 96,568,443
Capital Expenditures: |  |  |  |  |
Automotive Products | $ | 127,601,204 |  | $ | 163,070,404 |  | $ | 141,166,506
Other | 2,691,303 |  | 3,827,880 |  | 2,356,910
Corporate | 14,376,495 |  | 16,780,176 |  | 2,909,707
Total | $ | 144,669,002 |  | $ | 183,678,460 |  | $ | 146,433,123
Schedule of Major Product Line Revenues | Other includes Dimmable Aircraft Windows, Fire Protection Products, Nanofiber, Medical, and Biometrics. Major product line revenues included within the Automotive Products segment are as follows:
| 2024 |  | 2023 |  | 2022
Automotive Products |  |  |  |  |
Automotive Mirrors | $ | 2,145,847,699 |  |  | $ | 2,128,473,563 |  |  | $ | 1,742,196,401 |
HomeLink® Modules* | 118,876,865 |  |  | 126,186,728 |  |  | 132,546,057 |
Total Automotive Products | $ | 2,264,724,564 |  |  | $ | 2,254,660,291 |  |  | $ | 1,874,742,458 |
Other Products Revenue | $ | 48,589,769 |  |  | $ | 44,554,753 |  |  | $ | 44,215,585 |
Total Revenue | $ | 2,313,314,333 |  |  | $ | 2,299,215,044 |  |  | $ | 1,918,958,043 |
*Excludes HomeLink® revenue integrated into automotive mirrors.
Schedule of Automotive Customers Individually Accounted for 10% or More of Net Sales | In 2024, 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
2024 | 19% |  | 13% |  | 11%
2023 | 18% |  | 14% |  | 10%
2022 | 16% |  | 13% |  | 10%

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- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 + Details
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- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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