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Segment Reporting
 9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Segment Reporting SEGMENT REPORTING
The Company has two reportable segments, the OEM Segment and the Aftermarket Segment. Intersegment sales are insignificant.

The OEM Segment, which accounted for 77 percent and 88 percent of consolidated net sales for the nine months ended September 30, 2020 and 2019, respectively, manufactures or distributes a broad array of engineered components for the leading OEMs in the recreation and transportation product markets, consisting primarily of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment and other cargo; trucks; boats; trains; manufactured homes; and modular housing. Approximately 61 percent of the Company’s OEM Segment net sales for the nine months ended September 30, 2020 were of components for travel trailer and fifth-wheel RVs.

The Aftermarket Segment, which accounted for 23 percent and 12 percent of consolidated net sales for the nine months ended September 30, 2020 and 2019, respectively, supplies engineered components to the related aftermarket channels of the recreation and transportation product markets, primarily to retail dealers, wholesale distributors, and service centers. The Aftermarket Segment also includes biminis, covers, buoys, fenders to the marine industry, towing products, truck accessories, and the sale of replacement glass and awnings to fulfill insurance claims.

Decisions concerning the allocation of the Company’s resources are made by the Company’s chief operating decision maker (“CODM”), with oversight by the Board of Directors. The CODM evaluates the performance of each segment based upon segment operating profit or loss, generally defined as income or loss before interest and income taxes. Decisions concerning the allocation of resources are also based on each segment’s utilization of assets. Management of debt is a corporate function. The accounting policies of the OEM and Aftermarket Segments are the same as those described in Note 2 of the Notes to Consolidated Financial Statements of the Company’s Annual Report on Form 10-K for the year ended December 31, 2019.
The following tables present the Company’s revenues disaggregated by segment and geography based on the billing address of the Company’s customers:
Three Months Ended September 30, 2020Three Months Ended September 30, 2019
(In thousands)
U.S. (a)
Int’l (b)
Total
U.S. (a)
Int’l (b)
Total
OEM Segment:
RV OEMs:
Travel trailers and fifth-wheels$407,485 $9,565 $417,050 $311,446 $2,610 $314,056 
Motorhomes29,707 14,734 44,441 25,944 8,866 34,810 
Adjacent Industries OEMs151,572 28,991 180,563 143,264 19,420 162,684 
Total OEM Segment net sales588,764 53,290 642,054 480,654 30,896 511,550 
Aftermarket Segment:
Total Aftermarket Segment net sales179,510 6,165 185,675 70,284 4,387 74,671 
Total net sales$768,274 $59,455 $827,729 $550,938 $35,283 $586,221 

Nine Months Ended September 30, 2020Nine Months Ended September 30, 2019
(In thousands)
U.S. (a)
Int’l (b)
Total
U.S. (a)
Int’l (b)
Total
OEM Segment:
RV OEMs:
Travel trailers and fifth-wheels$916,144 $20,532 $936,676 $964,838 $9,140 $973,978 
Motorhomes70,126 37,115 107,241 86,808 34,359 121,167 
Adjacent Industries OEMs406,727 91,579 498,306 455,754 45,799 501,553 
Total OEM Segment net sales1,392,997 149,226 1,542,223 1,507,400 89,298 1,596,698 
Aftermarket Segment:
Total Aftermarket Segment net sales455,799 15,142 470,941 199,686 11,077 210,763 
Total net sales$1,848,796 $164,368 $2,013,164 $1,707,086 $100,375 $1,807,461 

(a) Net sales to customers in the United States of America
(b) Net sales to customers in countries domiciled outside of the United States of America

The following table presents the Company’s operating profit by segment:
 Three Months Ended 
September 30,		Nine Months Ended 
September 30,
(In thousands)2020201920202019
Operating profit:
OEM Segment$65,533 $38,347 $110,485 $131,434 
Aftermarket Segment28,900 10,806 48,996 31,131 
Total operating profit$94,433 $49,153 $159,481 $162,565 
The following table presents the Company’s revenue disaggregated by product:
Three Months Ended 
September 30,		Nine Months Ended 
September 30,
(In thousands)2020201920202019
OEM Segment:
Chassis, chassis parts, and slide-out mechanisms$253,182 $193,354 $586,985 $610,946 
Windows and doors173,102 145,360 438,829 453,343 
Furniture and mattresses105,226 79,512 250,068 264,431 
Axles and suspension solutions42,708 31,405 103,450 97,597 
Other67,836 61,919 162,891 170,381 
Total OEM Segment net sales642,054 511,550 1,542,223 1,596,698 
Total Aftermarket Segment net sales185,675 74,671 470,941 210,763 
Total net sales$827,729 $586,221 $2,013,164 $1,807,461