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Industry Segments
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Industry Segments Industry Segments
Our business is organized into four operating segments, Vehicle Control, Temperature Control, Nissens Automotive and Engineered Solutions, each of which focuses on a specific line of business. Our automotive aftermarket business is comprised of three operating segments, Vehicle Control, Temperature Control and Nissens Automotive, while our Engineered Solutions operating segment offers a broad array of conventional and future-oriented technologies. Nissens Automotive is a new operating segment created in the fourth quarter of 2024 comprising of our acquisition in November 2024.
There are no intersegment sales among our operating segments. Other consists of financial information related to the activities of our corporate headquarters function. The accounting policies of each segment are the same as those described in Note 1, "Summary of Significant Accounting Policies" in our Form 10-K for the year-ended December 31, 2024.
The following tables contain financial information for each reportable operating segment (in thousands):
Three Months Ended June 30, 2025Vehicle ControlTemperature ControlNissens AutomotiveEngineered SolutionsOtherTotal
Net sales$201,699 $131,365 $90,537 $70,252 $— $493,853 
Cost of sales141,051 89,002 55,348 57,563 — 342,964 
Gross profit60,648 42,363 35,189 12,689 — 150,889 
Selling and marketing expenses9,940 3,466 6,356 2,266 — 22,028 
Distribution expenses15,998 9,497 8,419 1,290 582 35,786 
General and administration expenses10,456 4,760 9,184 5,140 6,557 36,097 
Supply chain financing expenses7,235 5,051 — — — 12,286 
Restructuring expenses479 53 — 39 11 582 
Other expenses— — 1,196 — 78 1,274 
Total operating expenses44,108 22,827 25,155 8,735 7,228 108,053 
Operating income (loss)$16,540 $19,536 $10,034 $3,954 $(7,228)42,836 
Other non-operating income, net1,875 
Interest expense8,295 
Earnings from continuing operations before income taxes$36,416 

Three Months Ended June 30, 2024Vehicle ControlTemperature ControlNissens AutomotiveEngineered SolutionsOtherTotal
Net sales$188,741 $124,481 $— $76,607 $— $389,829 
Cost of sales128,772 87,872 — 61,738 — 278,382 
Gross profit59,969 36,609 — 14,869 — 111,447 
Selling and marketing expenses10,988 3,826 — 2,157 — 16,971 
Distribution expenses14,857 9,843 — 1,151 1,260 27,111 
General and administration expenses9,652 4,438 — 5,384 4,529 24,003 
Supply chain financing expenses8,348 5,058 — — — 13,406 
Restructuring expenses1,008 247 — 365 939 2,559 
Other expenses— — — — 2,411 2,411 
Total operating expenses44,853 23,412 — 9,057 9,139 86,461 
Operating income (loss)$15,116 $13,197 $— $5,812 $(9,139)24,986 
Other non-operating income, net2,199 
Interest expense2,752 
Earnings from continuing operations before income taxes$24,433 
Six Months Ended June 30, 2025Vehicle ControlTemperature ControlNissens AutomotiveEngineered SolutionsOtherTotal
Net sales$394,041 $220,248 $156,719 $136,224 $— $907,232 
Cost of sales271,232 150,287 98,276 111,826 — 631,621 
Gross profit122,809 69,961 58,443 24,398 — 275,611 
Selling and marketing expenses22,275 7,663 9,119 4,196 — 43,253 
Distribution expenses31,445 17,610 17,766 2,786 1,069 70,676 
General and administration expenses20,123 9,085 17,314 10,227 12,926 69,675 
Supply chain financing expenses13,639 7,978 — — — 21,617 
Restructuring expenses1,005 189 — 59 2 1,255 
Other expenses— — 1,623 — 214 1,837 
Total operating expenses88,487 42,525 45,822 17,268 14,211 208,313 
Operating income (loss)$34,322 $27,436 $12,621 $7,130 $(14,211)67,298 
Other non-operating income, net4,123 
Interest expense16,056 
Earnings from continuing operations before income taxes$55,365 
Six Months Ended June 30, 2024Vehicle ControlTemperature ControlNissens AutomotiveEngineered SolutionsOtherTotal
Net sales$374,265 $196,089 $— $150,878 $— $721,232 
Cost of sales255,397 139,791 — 125,075 — 520,263 
Gross profit118,868 56,298 — 25,803 — 200,969 
Selling and marketing expenses23,124 7,807 — 4,013 — 34,944 
Distribution expenses29,030 17,356 — 2,698 2,333 51,417 
General and administration expenses18,857 8,258 — 10,650 8,640 46,405 
Supply chain financing expenses16,092 7,344 — — — 23,436 
Restructuring expenses1,109 305 — 398 939 2,751 
Other expenses— — — — 2,411 2,411 
Total operating expenses88,212 41,070 — 17,759 14,323 161,364 
Operating income (loss)$30,656 $15,228 $— $8,044 $(14,323)39,605 
Other non-operating income, net3,018 
Interest expense4,819 
Earnings from continuing operations before income taxes$37,804 
Three Months Ended June 30, 2025Six Months Ended
June 30, 2025
2025202420252024
Depreciation and amortization
Vehicle Control$4,070 $3,607 $7,740 $7,131 
Temperature Control784 780 1,562 1,678 
Nissens Automotive3,325 — 6,312 — 
Engineered Solutions2,427 2,463 4,927 4,932 
Other319 468 651 878 
Total depreciation and amortization$10,925 $7,318 $21,192 $14,619 
Capital expenditures
Vehicle Control$6,123 $9,765 $11,502 $15,150 
Temperature Control970 316 2,271 774 
Nissens Automotive549 — 685 — 
Engineered Solutions2,144 2,632 3,800 4,932 
Other377 142 1,037 2,085 
Total capital expenditures$10,163 $12,855 $19,295 $22,941 
June 30, 2025December 31, 2024
Investment in unconsolidated affiliates
Vehicle Control$2,802 $2,447 
Temperature Control18,787 20,396 
Nissens Automotive— — 
Engineered Solutions1,906 1,999 
Other— — 
Total investment in unconsolidated affiliates$23,495 $24,842 
Total assets
Vehicle Control$688,779 $659,607 
Temperature Control341,238 276,216 
Nissens Automotive552,907 482,773 
Engineered Solutions313,359 285,866 
Other111,065 109,664 
Total assets$2,007,348 $1,814,126