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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Segment Information about Reported Product Revenues, Depreciation and Amortization and Operating Income (Loss) | The tables below present segment information about the reported product revenues and operating income of the Company for years ended December 31, 2023, 2022 and 2021.
|  | Automotive |  |  | Medical |  |  | Corporate |  |  | Total |
2023: |  |  |  |  |  |  |  |  |  |  |  |
Product revenues |  | $ | 1,422,952 |  |  | $ | 46,124 |  |  | $ | — |  |  | $ | 1,469,076 |
Depreciation and amortization |  |  | 45,845 |  |  |  | 3,654 |  |  |  | 1,449 |  |  |  | 50,948 |
Operating income (loss) |  |  | 185,956 |  |  |  | (22,234 | ) |  |  | (86,283 | ) |  |  | 77,439 |
2022: |  |  |  |  |  |  |  |  |  |  |  |
Product revenues |  | $ | 1,161,616 |  |  | $ | 43,040 |  |  | $ | — |  |  | $ | 1,204,656 |
Depreciation and amortization |  |  | 39,815 |  |  |  | 3,344 |  |  |  | 1,235 |  |  |  | 44,394 |
Operating income (loss) |  |  | 118,433 |  |  |  | (4,029 | ) |  |  | (66,097 | ) |  |  | 48,307 |
2021: |  |  |  |  |  |  |  |  |  |  |  |
Product revenues |  | $ | 1,004,633 |  |  | $ | 41,517 |  |  | $ | — |  |  | $ | 1,046,150 |
Depreciation and amortization |  |  | 35,389 |  |  |  | 2,460 |  |  |  | 931 |  |  |  | 38,780 |
Operating income (loss) |  |  | 162,994 |  |  |  | (1,829 | ) |  |  | (46,159 | ) |  |  | 115,006 |
Segment Information About Reported Segment Product Revenues by Product Category | Automotive and Medical segment product revenues by product category for each of the years ended December 31, 2023, 2022 and 2021 are as follows:
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Climate Control Seat |  | $ | 482,665 |  |  | $ | 426,046 |  |  | $ | 393,816 |
Seat Heaters |  |  | 308,588 |  |  |  | 283,970 |  |  |  | 270,054 |
Steering Wheel Heaters |  |  | 153,943 |  |  |  | 120,949 |  |  |  | 102,496 |
Lumbar and Massage Comfort Solutions (a) |  |  | 144,923 |  |  |  | 56,980 |  |  |  | — |
Valve Systems (a) |  |  | 106,262 |  |  |  | 41,980 |  |  |  | — |
Automotive Cables |  |  | 79,993 |  |  |  | 76,962 |  |  |  | 84,114 |
Battery Performance Solutions |  |  | 75,484 |  |  |  | 71,907 |  |  |  | 69,594 |
Electronics |  |  | 40,387 |  |  |  | 44,106 |  |  |  | 51,648 |
Other Automotive |  |  | 30,707 |  |  |  | 38,716 |  |  |  | 32,911 |
Subtotal Automotive segment |  |  | 1,422,952 |  |  |  | 1,161,616 |  |  |  | 1,004,633 |
Medical segment (a) |  |  | 46,124 |  |  |  | 43,040 |  |  |  | 41,517 |
Total Company |  | $ | 1,469,076 |  |  | $ | 1,204,656 |  |  | $ | 1,046,150 |
(a) Includes product revenues from acquisitions since their respective acquisition dates (see Note 4).
Product Revenues Information by Geographic Area | Revenue (based on shipment destination) by geographic area for each of the years ended December 31, 2023, 2022 and 2021 is as follows:
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
United States |  | $ | 537,096 |  |  | $ | 472,468 |  |  | $ | 404,466 |
China |  |  | 221,512 |  |  |  | 183,419 |  |  |  | 142,816 |
South Korea |  |  | 115,854 |  |  |  | 94,937 |  |  |  | 93,516 |
Germany |  |  | 102,383 |  |  |  | 75,367 |  |  |  | 66,929 |
Czech Republic |  |  | 69,714 |  |  |  | 49,293 |  |  |  | 43,931 |
Japan |  |  | 60,879 |  |  |  | 57,718 |  |  |  | 63,527 |
Romania |  |  | 53,982 |  |  |  | 47,532 |  |  |  | 51,367 |
Mexico |  |  | 45,733 |  |  |  | 23,233 |  |  |  | 18,194 |
Slovakia |  |  | 44,946 |  |  |  | 34,686 |  |  |  | 30,004 |
Finland |  |  | 39,632 |  |  |  | 33,627 |  |  |  | 29,325 |
Other |  |  | 177,345 |  |  |  | 132,376 |  |  |  | 102,075 |
Total Non-U.S. |  |  | 931,980 |  |  |  | 732,188 |  |  |  | 641,684 |
Total Company |  | $ | 1,469,076 |  |  | $ | 1,204,656 |  |  | $ | 1,046,150 |
Percentage of Total Product Revenues Generated from Customers | The table below lists the percentage of total product revenues generated from sales to customers which contributed 10% or more to the Company’s total consolidated product revenue for the years ended December 31, 2023, 2022 and 2021:
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Lear |  |  | 15 | % |  |  | 16 | % |  |  | 15 | %
Adient |  |  | 13 | % |  |  | 15 | % |  |  | 15 | %
Schedule of Property and Equipment, Net by Geographic Area | Property and equipment, net, for each of the geographic areas in which the Company operates as of December 31, 2023 and 2022 is as follows:
|  | December 31, |
Property and equipment, net |  | 2023 |  |  | 2022 |
Germany |  | $ | 46,586 |  |  | $ | 47,342 |
China |  |  | 45,429 |  |  |  | 43,162 |
Mexico |  |  | 39,943 |  |  |  | 31,597 |
United States |  |  | 37,413 |  |  |  | 41,034 |
North Macedonia |  |  | 27,675 |  |  |  | 27,808 |
Vietnam |  |  | 21,664 |  |  |  | 19,808 |
Czech Republic |  |  | 11,126 |  |  |  | 11,381 |
Hungary |  |  | 9,097 |  |  |  | 11,736 |
Ukraine |  |  | 5,986 |  |  |  | 5,077 |
Other |  |  | 315 |  |  |  | 5,535 |
Total |  | $ | 245,234 |  |  | $ | 244,480 |

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