XML 34 R24.htm IDEA: XBRL DOCUMENT
v3.23.1

Net Sales | 3 Months Ended
--- | ---
Mar. 31, 2023
Net Sales [Abstract] |
Net Sales | Note 17. Net Sales Disaggregation of Net Sales We disaggregate our net sales from contracts with customers by major product group and geographic area within each of our segments, as we believe it best depicts how the nature, amount, timing and uncertainty of our net sales are affected by economic factors. Major Product Group The Vehicle Control operating segment generates its revenues from core aftermarket sales of ignition, emissions, and fuel delivery, electrical and safety, and wire sets and other product categories. The Temperature Control operating segment generates its revenue from aftermarket sales of air conditioning system components and other thermal products. The Engineered Solutions operating segment generates revenues from custom-engineered products to vehicle and equipment manufacturers in highly diversified global end-markets such as commercial and light vehicles, construction, agriculture, power sports and marine. The following table summarizes consolidated net sales by major product group within each operating segment for the three months ended March 31, 2023 and 2022 (in thousands):
| Three Months Ended March 31, |
|  | 2023 |  |  | 2022 |
Vehicle Control |  |  |  |  |  |
Engine Management (Ignition, Emissions and Fuel Delivery) |  | $ | 116,083 |  |  | $ | 109,149 |
Electrical and Safety |  |  | 51,804 |  |  |  | 52,257 |
Wire Sets and Other |  |  | 16,690 |  |  |  | 15,858 |
Total Vehicle Control |  |  | 184,577 |  |  |  | 177,264 |
Temperature Control |  |  |  |  |  |  |  |
AC System Components |  |  | 45,752 |  |  |  | 47,374 |
Other Thermal Components |  |  | 26,654 |  |  |  | 25,684 |
Total Temperature Control |  |  | 72,406 |  |  |  | 73,058 |
Engineered Solutions |  |  |  |  |  |  |  |
Commercial Vehicle |  |  | 19,857 |  |  |  | 21,451 |
Construction/Agriculture |  |  | 12,795 |  |  |  | 10,984 |
Light Vehicle |  |  | 22,966 |  |  |  | 26,075 |
All Other |  |  | 15,427 |  |  |  | 13,999 |
Total Engineered Solutions |  |  | 71,045 |  |  |  | 72,509 |
Other |  |  | — |  |  |  | — |
Total |  | $ | 328,028 |  |  | $ | 322,831 |
Geographic Area We sell our line of products primarily in the United States, with additional sales in Canada, Mexico, Europe, Asia and Latin America. Sales are attributed to countries based upon the location of the customer. Our sales are substantially denominated in U.S. dollars. The following tables provide disaggregation of net sales information by geographic area within each operating segment for the three months ended March 31, 2023 and 2022 (in thousands):
Three months ended March 31, 2023 |  | Vehicle Control |  |  | Temperature Control |  |  | Engineered Solutions |  |  | Other |  |  | Total |
Geographic Area: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 166,412 |  |  | $ | 69,571 |  |  | $ | 44,206 |  |  | $ | — |  |  | $ | 280,189 |
Canada |  |  | 8,330 |  |  |  | 2,755 |  |  |  | 5,238 |  |  |  | — |  |  |  | 16,323 |
Europe |  |  | 198 |  |  |  | — |  |  |  | 15,084 |  |  |  | — |  |  |  | 15,282 |
Mexico |  |  | 8,587 |  |  |  | — |  |  |  | 1,768 |  |  |  | — |  |  |  | 10,355 |
Asia |  |  | 62 |  |  |  | 20 |  |  |  | 4,054 |  |  |  | — |  |  |  | 4,136 |
Other foreign |  |  | 988 |  |  |  | 60 |  |  |  | 695 |  |  |  | — |  |  |  | 1,743 |
Total |  | $ | 184,577 |  |  | $ | 72,406 |  |  | $ | 71,045 |  |  | $ | — |  |  | $ | 328,028 |
Three months ended March 31, 2022 |  | Vehicle Control |  |  | Temperature Control |  |  | Engineered Solutions |  |  | Other |  |  | Total |
Geographic Area: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 161,071 |  |  | $ | 69,312 |  |  | $ | 46,889 |  |  | $ | — |  |  | $ | 277,272 |
Canada |  |  | 8,708 |  |  |  | 3,499 |  |  |  | 3,502 |  |  |  | — |  |  |  | 15,709 |
Europe |  |  | 192 |  |  |  | 15 |  |  |  | 11,330 |  |  |  | — |  |  |  | 11,537 |
Mexico |  |  | 6,083 |  |  |  | 84 |  |  |  | 1,624 |  |  |  | — |  |  |  | 7,791 |
Asia |  |  | 80 |  |  |  | 22 |  |  |  | 8,401 |  |  |  | — |  |  |  | 8,503 |
Other foreign |  |  | 1,130 |  |  |  | 126 |  |  |  | 763 |  |  |  | — |  |  |  | 2,019 |
Total |  | $ | 177,264 |  |  | $ | 73,058 |  |  | $ | 72,509 |  |  | $ | — |  |  | $ | 322,831 |

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI https://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration