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Segment Reporting (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Segment Information about Reported Product Revenues,Depreciation and Amortization and Operating Income (Loss) | The table below presents segment information about the reported product revenues, significant segment expenses, operating income (loss) and depreciation and amortization of the Company for the three months ended March 31, 2025 and 2024.
|  | Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
Product Revenues |  |  |  |  |  |
Automotive |  | $ | 341,874 |  |  | $ | 344,638 |
Medical |  |  | 11,980 |  |  |  | 11,377 |
Total |  |  | 353,854 |  |  |  | 356,015 |
Significant Segment Expenses and Operating Performance |  |  |  |  |  |
Automotive |  |  |  |  |  |
Cost of sales |  |  | 260,227 |  |  |  | 260,289 |
Net research and development expenses |  |  | 19,384 |  |  |  | 17,424 |
Selling, general and administrative expenses |  |  | 15,719 |  |  |  | 16,601 |
Restructuring expenses, net |  |  | 4,514 |  |  |  | 7,114 |
Loss on sale of land and building, net |  |  | 2,196 |  |  |  | — |
Automotive operating income |  |  | 39,834 |  |  |  | 43,210 |
Medical |  |  |  |  |  |
Cost of sales |  |  | 6,276 |  |  |  | 5,913 |
Other operating expenses |  |  | 5,309 |  |  |  | 5,417 |
Impairment of intangible assets and property and equipment |  |  | — |  |  |  | 530 |
Medical operating income (loss) |  |  | 395 |  |  |  | (483 | )
Corporate and Other Unallocated Expenses |  |  |  |  |  |
Corporate and other unallocated expenses |  |  | 23,168 |  |  |  | 24,678 |
Total consolidated operating income |  | $ | 17,061 |  |  | $ | 18,049 |
Other Segment Disclosures |  |  |  |  |  |
Depreciation and Amortization |  |  |  |  |  |
Automotive |  | $ | 11,602 |  |  | $ | 12,408 |
Medical |  |  | 855 |  |  |  | 883 |
Corporate and other unallocated expenses |  |  | 474 |  |  |  | 527 |
Total |  | $ | 12,931 |  |  | $ | 13,818 |
Segment Information About Reported Segment Product Revenues by Product Category | Automotive and Medical segment product revenues by product category for the three months ended March 31, 2025 and 2024 were as follows:
|  | Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
Climate Control Seats (a) |  | $ | 191,153 |  |  | $ | 192,049 |
Climate Control Interiors (a) |  |  | 45,341 |  |  |  | 44,398 |
Lumbar and Massage Comfort Solutions |  |  | 45,313 |  |  |  | 38,251 |
Climate and Comfort Electronics (a) |  |  | 7,715 |  |  |  | 4,226 |
Automotive Climate and Comfort Solutions |  |  | 289,522 |  |  |  | 278,924 |
Valve Systems |  |  | 23,173 |  |  |  | 26,625 |
Other Automotive (a) |  |  | 29,179 |  |  |  | 39,089 |
Subtotal Automotive segment |  |  | 341,874 |  |  |  | 344,638 |
Medical segment |  |  | 11,980 |  |  |  | 11,377 |
Total Company |  | $ | 353,854 |  |  | $ | 356,015 |
(a) Product categories have been modified, and prior-period amounts have been recast to conform with the current period presentation. Climate Control Seats (CCS) includes CCS Heat (previously Seat Heaters), CCS Vent/CCS Active Cool (previously CCS) and CCS Neck Conditioners (previously included in Other Automotive). Climate Control Interiors (CCI) includes CCI Steering Wheel Heat and CCI Interior Heat (previously included in Other Automotive). Other Automotive includes Automotive Cables, Battery Performance Solutions, non-automotive electronics and contract manufacturing electronics (previously classified as Electronics).
Product Revenues Information by Geographic Area | Revenue (based on shipment destination) by geographic area for the three months ended March 31, 2025 and 2024 is as follows:
|  | Three Months Ended March 31, |
|  | 2025 |  |  | 2024 |
United States |  | $ | 124,926 |  |  | $ | 125,453 |
China |  |  | 48,935 |  |  |  | 54,476 |
Germany |  |  | 26,557 |  |  |  | 23,613 |
South Korea |  |  | 23,784 |  |  |  | 28,184 |
Czech Republic |  |  | 20,984 |  |  |  | 19,584 |
Mexico |  |  | 15,672 |  |  |  | 10,015 |
Slovakia |  |  | 13,722 |  |  |  | 13,178 |
Romania |  |  | 12,957 |  |  |  | 14,222 |
Japan |  |  | 12,099 |  |  |  | 12,455 |
United Kingdom |  |  | 9,376 |  |  |  | 11,324 |
Other |  |  | 44,842 |  |  |  | 43,511 |
Total Non-U.S. |  |  | 228,928 |  |  |  | 230,562 |
Total Company |  | $ | 353,854 |  |  | $ | 356,015 |
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 March 31, 2025 and December 31, 2024 is as follows:
|  | March 31, 2025 |  |  | December 31, 2024 |
Property and equipment, net |  |  |  |  |  |
Mexico |  | $ | 49,032 |  |  | $ | 47,814 |
Germany |  |  | 45,793 |  |  |  | 42,457 |
China |  |  | 43,566 |  |  |  | 44,767 |
United States |  |  | 38,907 |  |  |  | 42,928 |
North Macedonia |  |  | 25,589 |  |  |  | 25,374 |
Vietnam |  |  | 20,294 |  |  |  | 20,920 |
Czech Republic |  |  | 9,710 |  |  |  | 9,440 |
Hungary |  |  | 7,871 |  |  |  | 7,994 |
Ukraine |  |  | 5,062 |  |  |  | 5,174 |
Other |  |  | 7,345 |  |  |  | 6,102 |
Total |  | $ | 253,169 |  |  | $ | 252,970 |

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- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + 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
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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- 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
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