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Segment Reporting | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting The Company’s reportable segments are based on the Company’s method of internal reporting and are comprised of various product offerings that serve multiple end markets. These results are not necessarily indicative of the results of operations that would have occurred had each segment been an independent, stand-alone entity during the periods presented. The internal reporting of these operating segments is based, in part, on the reporting and review process used by the Company’s chief operating decision maker (“CODM”), its Chief Executive Officer. The Company primarily uses gross profit, a measure that is determined in accordance with U.S. GAAP, to evaluate segment profitability and make decisions about resource allocation. The Company’s CODM does not utilize segment asset information to evaluate performance and make resource allocation decisions, and thus such disclosures are not provided. The Company has three operating segments: 1) Off Road, 2) On Road, and 3) Marine, which are all reportable segments. The Company’s consolidated sales are derived entirely from the operations of its three reportable segments. The Corporate amounts include costs that are not allocated to segments, including certain unallocated manufacturing costs, the impacts of certain foreign currency transactions, and certain unallocated incentive compensation costs and related adjustments. The Company has determined its significant segment expense categories based on amounts regularly provided to the Company’s CODM to evaluate segment profitability and drive strategic decision making. Reportable segment sales and significant reportable segment expense categories and amounts included in the Company’s measure of segment profit or loss, gross profit, were as follows (in millions):
| For the Three Months Ended March 31, 2025
| Off Road |  | On Road |  | Marine |  | Total
Sales | $ | 1,198.6 |  |  | $ | 221.8 |  |  | $ | 115.4 |  |  | $ | 1,535.8 |
Purchased materials, logistics and labor | 940.8 |  |  | 172.7 |  |  | 96.6 |  |  | 1,210.1 |
Depreciation and amortization | 44.2 |  |  | 8.4 |  |  | 2.2 |  |  | 54.8 |
Warranty | 22.2 |  |  | 5.0 |  |  | 2.3 |  |  | 29.5 |
Reportable segment gross profit | $ | 191.4 |  |  | $ | 35.7 |  |  | $ | 14.3 |  |  | $ | 241.4 |
Corporate costs and other |  |  |  |  |  |  | 3.6 |
Total gross profit |  |  |  |  |  |  | $ | 245.0 |
| For the Three Months Ended March 31, 2024
| Off Road |  | On Road |  | Marine |  | Total
Sales | $ | 1,335.7 |  |  | $ | 277.2 |  |  | $ | 123.5 |  |  | $ | 1,736.4 |
Purchased materials, logistics and labor | 1,034.0 |  |  | 203.7 |  |  | 100.3 |  |  | 1,338.0 |
Depreciation and amortization | 36.6 |  |  | 6.5 |  |  | 1.9 |  |  | 45.0 |
Warranty | 32.1 |  |  | 6.6 |  |  | 2.1 |  |  | 40.8 |
Reportable segment gross profit | $ | 233.0 |  |  | $ | 60.4 |  |  | $ | 19.2 |  |  | $ | 312.6 |
Corporate costs and other |  |  |  |  |  |  | 17.7 |
Total gross profit |  |  |  |  |  |  | $ | 330.3 |

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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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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