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v3.19.3.a.u2

Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Schedule of Net Sales by Product | The following tables presents the Company’s revenues disaggregated by segment and geography based on the billing address of the Company’s customers for the years ended December 31:
|  |  | 2019 |  |
(In thousands) | U.S. (a) |  | Int’l (b) |  | Total
OEM Segment: |  |  |  |  |
RV OEMs: |  |  |  |  |
Travel trailers and fifth-wheels | $ | 1,264,404 |  |  | $ | 12,314 |  |  | $ | 1,276,718 |
Motorhomes | 110,405 |  |  | 45,218 |  |  | 155,623 |
Adjacent Industries OEMs | 587,521 |  |  | 72,039 |  |  | 659,560 |
Total OEM Segment net sales | 1,962,330 |  |  | 129,571 |  |  | 2,091,901 |
Aftermarket Segment: |  |  |  |  |
Total Aftermarket Segment net sales | 263,382 |  |  | 16,199 |  |  | 279,581 |
Total net sales | $ | 2,225,712 |  |  | $ | 145,770 |  |  | $ | 2,371,482 |
|  |  | 2018 |  |
(In thousands) | U.S. (a) |  | Int’l (b) |  | Total
OEM Segment: |  |  |  |  |
RV OEMs: |  |  |  |  |
Travel trailers and fifth-wheels | $ | 1,431,574 |  |  | $ | 9,156 |  |  | $ | 1,440,730 |
Motorhomes | 143,488 |  |  | 43,809 |  |  | 187,297
Adjacent Industries OEMs | 574,100 |  |  | 40,489 |  |  | 614,589
Total OEM Segment net sales | 2,149,162 |  |  | 93,454 |  |  | 2,242,616 |
Aftermarket Segment: |  |  |  |  |
Total Aftermarket Segment net sales | 222,588 |  |  | 10,603 |  |  | 233,191 |
Total net sales | $ | 2,371,750 |  |  | $ | 104,057 |  |  | $ | 2,475,807 |
|  |  | 2017 |  |
(In thousands) | U.S. (a) |  | Int’l (b) |  | Total
OEM Segment: |  |  |  |  |
RV OEMs: |  |  |  |  |
Travel trailers and fifth-wheels | $ | 1,403,079 |  |  | $ | 2,904 |  |  | $ | 1,405,983 |
Motorhomes | 138,895 |  |  | 20,522 |  |  | 159,417
Adjacent Industries OEMs | 398,919 |  |  | 12,304 |  |  | 411,223
Total OEM Segment net sales | 1,940,893 |  |  | 35,730 |  |  | 1,976,623 |
Aftermarket Segment: |  |  |  |  |
Total Aftermarket Segment net sales | 160,637 |  |  | 10,510 |  |  | 171,147 |
Total net sales | $ | 2,101,530 |  |  | $ | 46,240 |  |  | $ | 2,147,770 |
(a) Net sales to customers in the United States of America (b) Net sales to customers domiciled in countries outside of the United States of America
Schedule of Net Sales by Geographic Areas | The following tables presents the Company’s revenues disaggregated by segment and geography based on the billing address of the Company’s customers for the years ended December 31:
|  |  | 2019 |  |
(In thousands) | U.S. (a) |  | Int’l (b) |  | Total
OEM Segment: |  |  |  |  |
RV OEMs: |  |  |  |  |
Travel trailers and fifth-wheels | $ | 1,264,404 |  |  | $ | 12,314 |  |  | $ | 1,276,718 |
Motorhomes | 110,405 |  |  | 45,218 |  |  | 155,623 |
Adjacent Industries OEMs | 587,521 |  |  | 72,039 |  |  | 659,560 |
Total OEM Segment net sales | 1,962,330 |  |  | 129,571 |  |  | 2,091,901 |
Aftermarket Segment: |  |  |  |  |
Total Aftermarket Segment net sales | 263,382 |  |  | 16,199 |  |  | 279,581 |
Total net sales | $ | 2,225,712 |  |  | $ | 145,770 |  |  | $ | 2,371,482 |
|  |  | 2018 |  |
(In thousands) | U.S. (a) |  | Int’l (b) |  | Total
OEM Segment: |  |  |  |  |
RV OEMs: |  |  |  |  |
Travel trailers and fifth-wheels | $ | 1,431,574 |  |  | $ | 9,156 |  |  | $ | 1,440,730 |
Motorhomes | 143,488 |  |  | 43,809 |  |  | 187,297
Adjacent Industries OEMs | 574,100 |  |  | 40,489 |  |  | 614,589
Total OEM Segment net sales | 2,149,162 |  |  | 93,454 |  |  | 2,242,616 |
Aftermarket Segment: |  |  |  |  |
Total Aftermarket Segment net sales | 222,588 |  |  | 10,603 |  |  | 233,191 |
Total net sales | $ | 2,371,750 |  |  | $ | 104,057 |  |  | $ | 2,475,807 |
|  |  | 2017 |  |
(In thousands) | U.S. (a) |  | Int’l (b) |  | Total
OEM Segment: |  |  |  |  |
RV OEMs: |  |  |  |  |
Travel trailers and fifth-wheels | $ | 1,403,079 |  |  | $ | 2,904 |  |  | $ | 1,405,983 |
Motorhomes | 138,895 |  |  | 20,522 |  |  | 159,417
Adjacent Industries OEMs | 398,919 |  |  | 12,304 |  |  | 411,223
Total OEM Segment net sales | 1,940,893 |  |  | 35,730 |  |  | 1,976,623 |
Aftermarket Segment: |  |  |  |  |
Total Aftermarket Segment net sales | 160,637 |  |  | 10,510 |  |  | 171,147 |
Total net sales | $ | 2,101,530 |  |  | $ | 46,240 |  |  | $ | 2,147,770 |
(a) Net sales to customers in the United States of America (b) Net sales to customers domiciled in countries outside of the United States of America
Schedule of Information Relating to Segments | Information relating to segments follows for the years ended December 31:
| Segments |  |  |  |  |  | Corporate |  |
(In thousands) | OEM |  | Aftermarket |  | Subtotal |  | and Other |  | Total
2019 |  |  |  |  |  |  |  |  |
Net sales to external customers (a) | $ | 2,091,901 |  |  | $ | 279,581 |  |  | $ | 2,371,482 |  |  | $ | — |  |  | $ | 2,371,482 |
Operating profit (b) | 165,290 |  |  | 34,920 |  |  | 200,210 |  |  | — |  |  | 200,210 |
Total assets (c) | 1,167,899 |  |  | 595,688 |  |  | 1,763,587 |  |  | 99,008 |  |  | 1,862,595 |
Expenditures for long-lived assets (d) | 166,331 |  |  | 302,857 |  |  | 469,188 |  |  | — |  |  | 469,188 |
Depreciation and amortization | 70,136 |  |  | 5,222 |  |  | 75,358 |  |  | — |  |  | 75,358 |
| Segments |  |  |  |  |  | Corporate |  |
(In thousands) | OEM |  | Aftermarket |  | Subtotal |  | and Other |  | Total
2018 |  |  |  |  |  |  |  |  |
Net sales to external customers (a) | $ | 2,242,616 |  |  | $ | 233,191 |  |  | $ | 2,475,807 |  |  | $ | — |  |  | $ | 2,475,807 |
Operating profit (b) | 167,459 |  |  | 31,329 |  |  | 198,788 |  |  | — |  |  | 198,788 |
Total assets (c) | 1,034,254 |  |  | 129,776 |  |  | 1,164,030 |  |  | 79,863 |  |  | 1,243,893 |
Expenditures for long-lived assets (d) | 247,895 |  |  | 20,544 |  |  | 268,439 |  |  | — |  |  | 268,439 |
Depreciation and amortization | 63,447 |  |  | 4,079 |  |  | 67,526 |  |  | — |  |  | 67,526 |
2017 |  |  |  |  |  |  |  |  |
Net sales to external customers (a) | $ | 1,976,623 |  |  | $ | 171,147 |  |  | $ | 2,147,770 |  |  | $ | — |  |  | $ | 2,147,770 |
Operating profit (b) | 190,276 |  |  | 24,005 |  |  | 214,281 |  |  | — |  |  | 214,281 |
Total assets (c) | 785,926 |  |  | 76,309 |  |  | 862,235 |  |  | 83,623 |  |  | 945,858 |
Expenditures for long-lived assets (d) | 148,570 |  |  | 4,875 |  |  | 153,445 |  |  | — |  |  | 153,445 |
Depreciation and amortization | 50,751 |  |  | 3,662 |  |  | 54,413 |  |  | 314 |  |  | 54,727 |
(a) Thor Industries, Inc. (“Thor”), a customer of both segments, accounted for 27 percent, 31 percent, and 38 percent of the Company’s consolidated net sales for the years ended December 31, 2019, 2018, and 2017, respectively. Berkshire Hathaway Inc. (through its subsidiaries Forest River, Inc. and Clayton Homes, Inc.), a customer of both segments, accounted for 21 percent, 23 percent, and 25 percent of the Company’s consolidated net sales for the years ended December 31, 2019, 2018, and 2017, respectively. No other customer accounted for more than 10 percent of consolidated net sales in the years ended December 31, 2019, 2018, and 2017. (b) Certain general and administrative expenses are allocated between the segments based upon net sales or operating profit, depending upon the nature of the expense. (c) Segment assets include accounts receivable, inventories, fixed assets, goodwill and other intangible assets. Corporate and other assets include cash and cash equivalents, prepaid expenses and other current assets, deferred taxes, and other assets. (d) Expenditures for long-lived assets include capital expenditures, as well as fixed assets, goodwill and other intangible assets purchased as part of the acquisition of businesses. The Company purchased $395.6 million, $150.9 million, and $65.0 million of long-lived assets, as part of the acquisitions of businesses in the years ended December 31, 2019, 2018, and 2017, respectively.
Schedule of Net Sales by Segment Product | Net sales by OEM Segment product were as follows for the years ended December 31:
(In thousands) | 2019 |  | 2018 |  | 2017
OEM Segment: |  |  |  |  |
Chassis, chassis parts, and slide-out mechanisms | $ | 796,434 |  |  | $ | 908,065 |  |  | $ | 914,397 |
Windows and doors | 585,464 |  |  | 615,644 |  |  | 424,625 |
Furniture and mattresses | 342,691 |  |  | 380,514 |  |  | 342,680 |
Axles and suspension solutions | 129,471 |  |  | 122,897 |  |  | 123,513 |
Other | 237,841 |  |  | 215,496 |  |  | 171,408 |
Total OEM Segment net sales | 2,091,901 |  |  | 2,242,616 |  |  | 1,976,623 |
Total Aftermarket Segment net sales | 279,581 |  |  | 233,191 |  |  | 171,147 |
Total net sales | $ | 2,371,482 |  |  | $ | 2,475,807 |  |  | $ | 2,147,770 |

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