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Net Sales | 9 Months Ended
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Sep. 30, 2024
Revenue from Contract with Customer [Abstract] |
Net Sales | 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 automotive 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 core automotive 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 and nine months ended September 30, 2024 and 2023 (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Vehicle Control |  |  |  |  |  |  |
Engine Management (Ignition, Emissions and Fuel Delivery) | $ | 121,432 |  |  | $ | 113,188 |  |  | $ | 353,046 |  |  | $ | 342,860 |
Electrical and Safety | 63,237 |  |  | 62,049 |  |  | 172,772 |  |  | 166,720 |
Wire Sets and Other | 16,208 |  |  | 15,700 |  |  | 49,324 |  |  | 49,723 |
Total Vehicle Control | 200,877 |  |  | 190,937 |  |  | 575,142 |  |  | 559,303 |
Temperature Control |  |  |  |  |  |  |
AC System Components | 95,698 |  |  | 94,385 |  |  | 245,628 |  |  | 217,913 |
Other Thermal Components | 30,287 |  |  | 29,258 |  |  | 76,446 |  |  | 75,210 |
Total Temperature Control | 125,985 |  |  | 123,643 |  |  | 322,074 |  |  | 293,123 |
Engineered Solutions |  |  |  |  |  |  |
Commercial Vehicle | 22,625 |  |  | 18,701 |  |  | 69,016 |  |  | 59,158 |
Construction/Agriculture | 8,082 |  |  | 9,974 |  |  | 27,631 |  |  | 32,804 |
Light Vehicle | 24,287 |  |  | 24,123 |  |  | 70,776 |  |  | 71,123 |
All Other | 17,409 |  |  | 19,035 |  |  | 55,858 |  |  | 52,005 |
Total Engineered Solutions | 72,403 |  |  | 71,833 |  |  | 223,281 |  |  | 215,090 |
Other | — |  |  | — |  |  | — |  |  | — |
Total | $ | 399,265 |  |  | $ | 386,413 |  |  | $ | 1,120,497 |  |  | $ | 1,067,516 |
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 and nine months ended September 30, 2024 and 2023 (in thousands):
Three months ended September 30, 2024 | Vehicle Control |  | Temperature Control |  | Engineered Solutions |  | Other |  | Total
United States | $ | 180,071 |  |  | $ | 118,469 |  |  | $ | 40,629 |  |  | $ | — |  |  | $ | 339,169 |
Canada | 9,413 |  |  | 6,998 |  |  | 8,218 |  |  | — |  |  | 24,629 |
Europe | 234 |  |  | 102 |  |  | 11,409 |  |  | — |  |  | 11,745 |
Mexico | 9,614 |  |  | 33 |  |  | 2,392 |  |  | — |  |  | 12,039 |
Asia | 117 |  |  | 350 |  |  | 9,010 |  |  | — |  |  | 9,477 |
Other foreign | 1,428 |  |  | 33 |  |  | 745 |  |  | — |  |  | 2,206 |
Total | $ | 200,877 |  |  | $ | 125,985 |  |  | $ | 72,403 |  |  | $ | — |  |  | $ | 399,265 |
Three months ended September 30, 2023 | Vehicle Control |  | Temperature Control |  | Engineered Solutions |  | Other |  | Total
United States | $ | 171,188 |  |  | $ | 116,684 |  |  | $ | 41,835 |  |  | $ | — |  |  | $ | 329,707 |
Canada | 9,440 |  |  | 6,501 |  |  | 8,586 |  |  | — |  |  | 24,527 |
Europe | 174 |  |  | — |  |  | 14,971 |  |  | — |  |  | 15,145 |
Mexico | 8,968 |  |  | 29 |  |  | 1,311 |  |  | — |  |  | 10,308 |
Asia | 132 |  |  | 367 |  |  | 4,416 |  |  | — |  |  | 4,915 |
Other foreign | 1,035 |  |  | 62 |  |  | 714 |  |  | — |  |  | 1,811 |
Total | $ | 190,937 |  |  | $ | 123,643 |  |  | $ | 71,833 |  |  | $ | — |  |  | $ | 386,413 |
Nine months ended September 30, 2024 | Vehicle Control |  | Temperature Control |  | Engineered Solutions |  | Other |  | Total
United States | $ | 512,791 |  |  | $ | 300,766 |  |  | $ | 122,032 |  |  | $ | — |  |  | $ | 935,589 |
Canada | 27,252 |  |  | 20,215 |  |  | 24,897 |  |  | — |  |  | 72,364 |
Europe | 778 |  |  | 153 |  |  | 39,493 |  |  | — |  |  | 40,424 |
Mexico | 30,429 |  |  | 42 |  |  | 7,322 |  |  | — |  |  | 37,793 |
Asia | 245 |  |  | 645 |  |  | 27,215 |  |  | — |  |  | 28,105 |
Other foreign | 3,647 |  |  | 253 |  |  | 2,322 |  |  | — |  |  | 6,222 |
Total | $ | 575,142 |  |  | $ | 322,074 |  |  | $ | 223,281 |  |  | $ | — |  |  | $ | 1,120,497 |
Nine months ended September 30, 2023 | Vehicle Control |  | Temperature Control |  | Engineered Solutions |  | Other |  | Total
United States | $ | 502,798 |  |  | $ | 278,354 |  |  | $ | 130,606 |  |  | $ | — |  |  | $ | 911,758 |
Canada | 26,604 |  |  | 14,182 |  |  | 19,950 |  |  | — |  |  | 60,736 |
Europe | 620 |  |  | — |  |  | 44,969 |  |  | — |  |  | 45,589 |
Mexico | 25,734 |  |  | 47 |  |  | 5,117 |  |  | — |  |  | 30,898 |
Asia | 282 |  |  | 387 |  |  | 12,743 |  |  | — |  |  | 13,412 |
Other foreign | 3,265 |  |  | 153 |  |  | 1,705 |  |  | — |  |  | 5,123 |
Total | $ | 559,303 |  |  | $ | 293,123 |  |  | $ | 215,090 |  |  | $ | — |  |  | $ | 1,067,516 |

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- 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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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