XML 45 R34.htm IDEA: XBRL DOCUMENT
v3.25.2

Segment Reporting (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following table presents information about our segment revenue, segment profit or loss, and significant segment expenses (in thousands):
|  | Three months ended June 30, |  | Six months ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
REVENUES |  | $ | 548,866 |  |  | $ | 596,455 |  |  | $ | 1,153,568 |  |  | $ | 1,163,110 |
Less: |  |  |  |  |  |  |  |
Standard COGS(1) |  | 249,816 |  |  | 298,429 |  |  | 543,224 |  |  | 581,430 |
Quality remediation/recall(2) |  | 5,706 |  |  | 3,924 |  |  | 15,686 |  |  | 11,422 |
Other COGS(3) |  | 85,280 |  |  | 86,674 |  |  | 176,485 |  |  | 177,586 |
Selling, general and administrative |  | 159,392 |  |  | 159,549 |  |  | 316,625 |  |  | 317,206 |
Research and development |  | 21,867 |  |  | 23,390 |  |  | 45,158 |  |  | 45,232 |
Restructuring and integration |  | 16,218 |  |  | 17,136 |  |  | 32,915 |  |  | 33,241 |
Other segment items(4) |  | (46,157) |  |  | 238 |  |  | (47,626) |  |  | 228 |
Interest expense |  | 23,065 |  |  | 26,648 |  |  | 48,328 |  |  | 53,066 |
Income tax provision |  | 1,178 |  |  | 1,873 |  |  | 5,748 |  |  | 4,576 |
Equity in earnings of unconsolidated affiliates |  | (2,837) |  |  | — |  |  | (2,837) |  |  | — |
Consolidated net income (loss) |  | $ | 35,338 |  |  | $ | (21,406) |  |  | $ | 19,862 |  |  | $ | (60,877) |
_______________ (1) Represents the average annual budgeted cost of producing each good sold in the period. (2) Represents significant labor and material costs to replace or repair a product outside the scope of standard warranty and compliance costs related to quality systems and manufacturing operations. (3) Includes costs related to capitalized manufacturing variances to standard COGS, supply chain and logistics costs including freight, inventory management and reserves, hardware service, quality and regulatory, and operations and supply chain management costs. (4) Includes changes in fair value of contingent earn-out, interest income, gain/loss on disposition of assets, gain/loss on foreign exchange, other miscellaneous income/expense, and gain on sale of business.
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country | The table below presents our gross long-lived assets, consisting of property, plant and equipment, by country or region (in thousands):
|  | As of
|  | June 30, 2025 |  | December 31, 2024
Costa Rica |  | 160,676 |  |  | 156,149 |
Mexico |  | 117,835 |  |  | 111,043 |
Other LATAM |  | 64,060 |  |  | 55,451 |
Canada |  | 1,918 |  |  | 5,284 |
Italy |  | 34,560 |  |  | 29,124 |
Spain |  | 19,914 |  |  | 17,141 |
Czech Republic |  | 13,804 |  |  | 11,909 |
Other Europe |  | 11,580 |  |  | 11,445 |
APAC |  | 29,754 |  |  | 27,550 |
Total Foreign |  | $ | 454,101 |  |  | $ | 425,096 |
United States* |  | 628,671 |  |  | 610,547 |
Worldwide Total |  | $ | 1,082,772 |  |  | $ | 1,035,643 |
________________________________ *As of December 31, 2024, we presented within the assets held for sale line item in our consolidated balance sheet, the gross long-lived assets that were part of a disposal group that met the criteria as held for sale during the fourth quarter of 2024 (See Note 4: Assets Held For Sale and Disposal of Business).

X
- Definition Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration