XML 35 R24.htm IDEA: XBRL DOCUMENT v3.24.3
Net Sales
 9 Months Ended
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,
2024202320242023
Vehicle Control
Engine Management (Ignition, Emissions and Fuel Delivery)$121,432 $113,188 $353,046 $342,860 
Electrical and Safety63,237 62,049 172,772 166,720 
Wire Sets and Other16,208 15,700 49,324 49,723 
Total Vehicle Control200,877 190,937 575,142 559,303 
Temperature Control
AC System Components95,698 94,385 245,628 217,913 
Other Thermal Components30,287 29,258 76,446 75,210 
Total Temperature Control125,985 123,643 322,074 293,123 
Engineered Solutions
Commercial Vehicle22,625 18,701 69,016 59,158 
Construction/Agriculture8,082 9,974 27,631 32,804 
Light Vehicle24,287 24,123 70,776 71,123 
All Other17,409 19,035 55,858 52,005 
Total Engineered Solutions72,403 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, 2024Vehicle
Control		Temperature
Control		Engineered
Solutions		OtherTotal
United States$180,071 $118,469 $40,629 $— $339,169 
Canada9,413 6,998 8,218 — 24,629 
Europe234 102 11,409 — 11,745 
Mexico9,614 33 2,392 — 12,039 
Asia117 350 9,010 — 9,477 
Other foreign1,428 33 745 — 2,206 
Total$200,877 $125,985 $72,403 $— $399,265 
Three months ended September 30, 2023Vehicle
Control		Temperature
Control		Engineered
Solutions		OtherTotal
United States$171,188 $116,684 $41,835 $— $329,707 
Canada9,440 6,501 8,586 — 24,527 
Europe174 — 14,971 — 15,145 
Mexico8,968 29 1,311 — 10,308 
Asia132 367 4,416 — 4,915 
Other foreign1,035 62 714 — 1,811 
Total$190,937 $123,643 $71,833 $— $386,413 
Nine months ended September 30, 2024Vehicle
Control		Temperature
Control		Engineered
Solutions		OtherTotal
United States$512,791 $300,766 $122,032 $— $935,589 
Canada27,252 20,215 24,897 — 72,364 
Europe778 153 39,493 — 40,424 
Mexico30,429 42 7,322 — 37,793 
Asia245 645 27,215 — 28,105 
Other foreign3,647 253 2,322 — 6,222 
Total$575,142 $322,074 $223,281 $— $1,120,497 
Nine months ended September 30, 2023Vehicle
Control		Temperature
Control		Engineered
Solutions		OtherTotal
United States$502,798 $278,354 $130,606 $— $911,758 
Canada26,604 14,182 19,950 — 60,736 
Europe620 — 44,969 — 45,589 
Mexico25,734 47 5,117 — 30,898 
Asia282 387 12,743 — 13,412 
Other foreign3,265 153 1,705 — 5,123 
Total$559,303 $293,123 $215,090 $— $1,067,516