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Segment Reporting
 12 Months Ended
Dec. 31, 2023
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, 83 percent, and 81 percent of consolidated net sales for the years ended December 31, 2023, 2022, and 2021, respectively, manufactures and distributes a broad array of highly engineered components for the leading OEMs in the recreation and transportation markets, consisting of RVs and adjacent industries, including boats; buses; trailers used to haul boats, livestock, equipment, and other cargo; trucks; trains; manufactured homes; and modular housing. Approximately 47 percent, 61 percent, and 63 percent of the Company's OEM Segment net sales in 2023, 2022, and 2021, respectively, were of components for travel trailer and fifth-wheel RVs.

The Aftermarket Segment, which accounted for 23 percent, 17 percent, and 19 percent of consolidated net sales for each of the years ended December 31, 2023, 2022, and 2021, respectively, supplies engineered components to the related aftermarket channels of the recreation and transportation markets, primarily to retail dealers, wholesale distributors, and service centers, as well as direct to retail customers via the Internet. The Aftermarket Segment also includes biminis, covers, buoys, fenders to the marine industry, towing products, truck accessories, appliances, air conditioners, televisions, sound systems, tankless water heaters, 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.

The following tables present 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:
2023
(In thousands)U.S. (a)Int'l (b)Total
OEM Segment:
RV OEMs:
Travel trailers and fifth-wheels$1,310,638 $48,215 $1,358,853 
Motorhomes160,857 108,499 269,356 
Adjacent Industries OEMs1,085,631 189,902 1,275,533 
Total OEM Segment net sales2,557,126 346,616 2,903,742 
Aftermarket Segment:
Total Aftermarket Segment net sales814,103 66,963 881,066 
Total net sales$3,371,229 $413,579 $3,784,808 
2022
(In thousands)U.S. (a)Int'l (b)Total
OEM Segment:
RV OEMs:
Travel trailers and fifth-wheels$2,561,683 $55,902 $2,617,585 
Motorhomes238,613 100,484 339,097
Adjacent Industries OEMs1,184,459 174,729 1,359,188
Total OEM Segment net sales3,984,755 331,115 4,315,870 
Aftermarket Segment:
Total Aftermarket Segment net sales824,895 66,378 891,273 
Total net sales$4,809,650 $397,493 $5,207,143 
2021
(In thousands)U.S. (a)Int'l (b)Total
OEM Segment:
RV OEMs:
Travel trailers and fifth-wheels$2,229,839 $65,773 $2,295,612 
Motorhomes160,615 98,380 258,995
Adjacent Industries OEMs939,067 149,938 1,089,005
Total OEM Segment net sales3,329,521 314,091 3,643,612 
Aftermarket Segment:
Total Aftermarket Segment net sales768,793 60,292 829,085 
Total net sales$4,098,314 $374,383 $4,472,697 
(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

Long-lived assets, including net fixed assets, operating lease right-of-use assets, goodwill, and other net intangible assets, domiciled in countries outside of the United States of America were $399.4 million and $408.8 million as of December 31, 2023 and 2022, respectively.

Corporate expenses are allocated between the segments based upon net sales. Accretion related to contingent consideration and other non-segment items are included in the segment to which they relate. Information relating to segments follows for the years ended December 31:
Segments
(In thousands)OEMAftermarketTotal
2023
Net sales to external customers (a)
$2,903,742 $881,066 $3,784,808 
Operating profit (b)
17,361 106,067 123,428 
Expenditures for long-lived assets (c)
68,750 20,230 88,980 
Depreciation and amortization99,976 31,792 131,768 
Segments
(In thousands)OEMAftermarketTotal
2022
Net sales to external customers (a)
$4,315,870 $891,273 $5,207,143 
Operating profit (b)
479,150 73,878 553,028 
Expenditures for long-lived assets (c)
173,732 33,245 206,977 
Depreciation and amortization99,419 29,793 129,212 
2021
Net sales to external customers (a)
$3,643,612 $829,085 $4,472,697 
Operating profit (b)
304,676 93,734 398,410 
Expenditures for long-lived assets (c)
208,297 166,824 375,121 
Depreciation and amortization83,723 28,597 112,320 
(a)     Thor Industries, Inc., a customer of both segments, accounted for 16 percent, 23 percent, and 24 percent of the Company's consolidated net sales for the years ended December 31, 2023, 2022, and 2021, respectively. Berkshire Hathaway Inc. (through its subsidiaries Forest River, Inc. and Clayton Homes, Inc.), a customer of both segments, accounted for 15 percent, 20 percent, and 20 percent of the Company's consolidated net sales for the years ended December 31, 2023, 2022, and 2021, respectively. No other customer accounted for more than 10 percent of consolidated net sales in the years ended December 31, 2023, 2022, and 2021. No customer accounted for more than 10 percent of consolidated accounts receivable, net at December 31, 2023 and 2022.
(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)     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 $28.3 million, $78.7 million, and $271.9 million of long-lived assets, as part of the acquisitions of businesses in the years ended December 31, 2023, 2022, and 2021, respectively.

Net sales by OEM Segment product were as follows for the years ended December 31:
(In thousands)202320222021
OEM Segment:
Chassis, chassis parts, and slide-out mechanisms$785,158 $1,563,168 $1,320,718 
Windows and doors851,761 1,085,302 1,014,332 
Furniture and mattresses464,113 790,664 701,876 
Axles, ABS, and suspension solutions313,224 306,843 248,144 
Other489,486 569,893 358,542 
Total OEM Segment net sales2,903,742 4,315,870 3,643,612 
Total Aftermarket Segment net sales881,066 891,273 829,085 
Total net sales$3,784,808 $5,207,143 $4,472,697