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Industry Segment and Geographic Data | 12 Months Ended
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Dec. 31, 2025
Segment Reporting [Abstract] |
Industry Segment and Geographic Data | Industry Segment and Geographic Data Our business is organized into four operating segments, Vehicle Control, Temperature Control, Engineered Solutions and Nissens Automotive, 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. The Vehicle Control operating segment includes sales from ignition emissions and fuel delivery, electrical and safety, and wire sets and other product categories to automotive aftermarket customers. The Temperature Control operating segment includes sales from air conditioning system components and other thermal product categories to automotive aftermarket customers primarily in the United States, and is poised to benefit from the broader adoption of more complex air conditioning systems that will provide passenger comfort regardless of the vehicle's powertrain. The Nissens Automotive operating segment includes sales of engine cooling, air conditioning system components and engine efficiency products to automotive aftermarket customers primarily in Europe. The Engineered Solutions operating segment includes sales of custom-engineered solutions to vehicle and equipment manufacturers in highly diversified global end-markets such as commercial and light vehicles, construction, agriculture, power sports and marine. We identify our operating segments based on how our chief operating decision maker ("CODM"), our President and Chief Executive Officer, allocates resources, assesses performance and makes decisions. The CODM uses operating income (loss) to allocate resources (including employees, property, and financial or capital resources) for each segment during the annual budget and forecasting process. The CODM considers budget-to-actual and year-over-year variances on a monthly basis for the significant measure when making decisions about allocating capital and personnel to the segments. The CODM also uses segment gross profit for evaluating product pricing and operating income (loss) to assess the performance for each segment by comparing the results with one another. In addition to these measures, the CODM tracks expenses at a disaggregated level to understand the drivers of total operating expenses. These include selling, general and administrative expenses, distribution expenses, supply chain financing expenses, restructuring and integration expenses, and any other special expense items. In tracking these expenses separately, the CODM is able to identify opportunities for adjusting how the business uses funds to achieve greater profitability. The accounting policies of each segment are the same as those described in Note 1, "Summary of Significant Accounting Policies". The following tables contain financial information for each reportable operating segment (in thousands):
Year Ended December 31, 2025 |  | Vehicle Control |  | Temperature Control |  | Nissens Automotive |  | Engineered Solutions |  | Intersegment sales |  | Total
Net sales |  | $ | 785,392 |  |  | $ | 426,367 |  |  | $ | 305,377 |  |  | $ | 274,484 |  |  | $ | (462) |  |  | $ | 1,791,158 |
Cost of sales |  | 538,287 |  |  | 281,546 |  |  | 184,947 |  |  | 227,432 |  |  | (462) |  |  | 1,231,750 |
Gross profit |  | 247,105 |  |  | 144,821 |  |  | 120,430 |  |  | 47,052 |  |  | — |  |  | 559,408 |
Selling and marketing expenses |  | 43,715 |  |  | 14,657 |  |  | 19,603 |  |  | 8,277 |  |  | — |  |  | 86,252 |
Distribution expenses |  | 66,661 |  |  | 33,843 |  |  | 35,751 |  |  | 5,217 |  |  | — |  |  | 141,472 |
General and administration expenses |  | 40,728 |  |  | 17,905 |  |  | 35,803 |  |  | 20,855 |  |  | — |  |  | 115,291 |
Supply chain financing expenses |  | 27,934 |  |  | 16,741 |  |  | 577 |  |  | — |  |  | — |  |  | 45,252 |
Restructuring expenses |  | 2,271 |  |  | 190 |  |  | — |  |  | 118 |  |  | — |  |  | 2,579 |
Other expenses |  | — |  |  | — |  |  | 1,796 |  |  | 1,987 |  |  | — |  |  | 3,783 |
Total segment operating expenses |  | 181,309 |  |  | 83,336 |  |  | 93,530 |  |  | 36,454 |  |  | — |  |  | 394,629 |
Segment operating income (loss) |  | $ | 65,796 |  |  | $ | 61,485 |  |  | $ | 26,900 |  |  | $ | 10,598 |  |  | $ | — |  |  | $ | 164,779 |
Unallocated corporate expenses and other |  |  |  |  |  |  |  |  |  |  |  | 28,272 |
Other non-operating income, net |  |  |  |  |  |  |  |  |  |  |  | 5,355 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  | 31,339 |
Earnings from continuing operations before income taxes |  |  |  |  |  |  |  |  |  |  |  | $ | 110,523 |
Year Ended December 31, 2024 |  | Vehicle Control |  | Temperature Control |  | Nissens Automotive |  | Engineered Solutions |  | Intersegment sales |  | Total
Net sales |  | $ | 762,560 |  |  | $ | 380,088 |  |  | $ | 35,745 |  |  | $ | 285,456 |  |  | $ | — |  |  | $ | 1,463,849 |
Cost of sales |  | 518,475 |  |  | 262,296 |  |  | 24,220 |  |  | 235,537 |  |  | — |  |  | 1,040,528 |
Gross profit |  | 244,085 |  |  | 117,792 |  |  | 11,525 |  |  | 49,919 |  |  | — |  |  | 423,321 |
Selling and marketing expenses |  | 45,878 |  |  | 15,938 |  |  | 1,536 |  |  | 8,060 |  |  | — |  |  | 71,412 |
Distribution expenses |  | 57,627 |  |  | 32,858 |  |  | 7,097 |  |  | 5,290 |  |  | — |  |  | 102,872 |
General and administration expenses |  | 36,935 |  |  | 16,763 |  |  | 5,560 |  |  | 20,906 |  |  | — |  |  | 80,164 |
Supply chain financing expenses |  | 32,090 |  |  | 16,449 |  |  | — |  |  | — |  |  | — |  |  | 48,539 |
Restructuring expenses |  | 4,249 |  |  | 847 |  |  | — |  |  | 843 |  |  | — |  |  | 5,939 |
Other expenses |  | — |  |  | — |  |  | 100 |  |  | — |  |  | — |  |  | 100 |
Total segment operating expenses |  | 176,779 |  |  | 82,855 |  |  | 14,293 |  |  | 35,099 |  |  | — |  |  | 309,026 |
Segment operating income (loss) |  | $ | 67,306 |  |  | $ | 34,937 |  |  | $ | (2,768) |  |  | $ | 14,820 |  |  | $ | — |  |  | $ | 114,295 |
Unallocated corporate expenses and other |  |  |  |  |  |  |  |  |  |  |  | 33,671 |
Other non-operating income, net |  |  |  |  |  |  |  |  |  |  |  | 6,877 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  | 13,512 |
Earnings from continuing operations before income taxes |  |  |  |  |  |  |  |  |  |  |  | $ | 73,989 |
Year Ended December 31, 2023 |  | Vehicle Control |  | Temperature Control |  | Nissens Automotive |  | Engineered Solutions |  | Intersegment sales |  | Total
Net sales |  | $ | 737,932 |  |  | $ | 337,754 |  |  | $ | — |  |  | $ | 282,586 |  |  | $ | — |  |  | $ | 1,358,272 |
Cost of sales |  | 499,717 |  |  | 241,927 |  |  | — |  |  | 227,802 |  |  | — |  |  | 969,446 |
Gross profit |  | 238,215 |  |  | 95,827 |  |  | — |  |  | 54,784 |  |  | — |  |  | 388,826 |
Selling and marketing expenses |  | 46,223 |  |  | 16,772 |  |  | — |  |  | 8,407 |  |  | — |  |  | 71,402 |
Distribution expenses |  | 54,401 |  |  | 30,467 |  |  | — |  |  | 4,989 |  |  | — |  |  | 89,857 |
General and administration expenses |  | 34,430 |  |  | 14,664 |  |  | — |  |  | 21,186 |  |  | — |  |  | 70,280 |
Supply chain financing expenses |  | 30,558 |  |  | 15,473 |  |  | — |  |  | — |  |  | — |  |  | 46,031 |
Restructuring expenses |  | 1,276 |  |  | 1,108 |  |  | — |  |  | 258 |  |  | — |  |  | 2,642 |
Total segment operating expenses |  | 166,888 |  |  | 78,484 |  |  | — |  |  | 34,840 |  |  | — |  |  | 280,212 |
Segment operating income (loss) |  | $ | 71,327 |  |  | $ | 17,343 |  |  | $ | — |  |  | $ | 19,944 |  |  | $ | — |  |  | $ | 108,614 |
Unallocated corporate expenses and other |  |  |  |  |  |  |  |  |  |  |  | 15,937 |
Other non-operating income, net |  |  |  |  |  |  |  |  |  |  |  | 2,326 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  | 13,287 |
Earnings from continuing operations before income taxes |  |  |  |  |  |  |  |  |  |  |  | $ | 81,716 |
|  | Year Ended December 31,
(in thousands) |  | 2025 |  | 2024 |  | 2023
Depreciation and amortization |  |  |  |  |  |
Vehicle Control |  | $ | 16,178 |  |  | $ | 14,841 |  |  | $ | 13,877 |
Temperature Control |  | 3,285 |  |  | 3,307 |  |  | 3,424 |
Nissens Automotive |  | 12,935 |  |  | 1,943 |  |  | — |
Engineered Solutions |  | 10,088 |  |  | 9,608 |  |  | 9,966 |
Total operating segment depreciation and amortization |  | 42,486 |  |  | 29,699 |  |  | 27,267 |
Corporate |  | 1,362 |  |  | 1,714 |  |  | 1,755 |
Total depreciation and amortization |  | $ | 43,848 |  |  | $ | 31,413 |  |  | $ | 29,022 |
Capital expenditures |  |  |  |  |  |
Vehicle Control |  | $ | 22,571 |  |  | $ | 29,603 |  |  | $ | 13,955 |
Temperature Control |  | 4,076 |  |  | 2,621 |  |  | 1,899 |
Nissens Automotive |  | 946 |  |  | 213 |  |  | — |
Engineered Solutions |  | 9,553 |  |  | 9,721 |  |  | 12,095 |
Total operating segment capital expenditures |  | 37,146 |  |  | 42,158 |  |  | 27,949 |
Corporate |  | 1,578 |  |  | 1,860 |  |  | 684 |
Total capital expenditures |  | $ | 38,724 |  |  | $ | 44,018 |  |  | $ | 28,633 |
|  | December 31,
(in thousands) |  | 2025 |  | 2024
Investment in unconsolidated affiliates |  |  |  |
Vehicle Control |  | $ | 2,883 |  |  | $ | 2,447 |
Temperature Control |  | 20,402 |  |  | 20,396 |
Nissens Automotive |  | — |  |  | — |
Engineered Solutions |  | 3,025 |  |  | 1,999 |
Total operating segment investment in unconsolidated affiliates |  | 26,310 |  |  | 24,842 |
Corporate |  | — |  |  | — |
Total investment in unconsolidated affiliates |  | $ | 26,310 |  |  | $ | 24,842 |
Total assets |  |  |  |
Vehicle Control |  | $ | 741,732 |  |  | $ | 659,607 |
Temperature Control |  | 312,884 |  |  | 276,216 |
Nissens Automotive |  | 531,606 |  |  | 482,773 |
Engineered Solutions |  | 289,776 |  |  | 285,866 |
Total operating segment assets |  | 1,875,998 |  |  | 1,704,462 |
Corporate |  | 119,243 |  |  | 109,664 |
Total assets |  | $ | 1,995,241 |  |  | $ | 1,814,126 |
|  | December 31,
(in thousands) |  | 2025 |  | 2024
Long-lived assets ⁽ᵃ⁾ |  |
Denmark |  | $ | 383,393 |  |  | $ | 347,629 |
United States |  | 372,187 |  |  | 378,557 |
Asia |  | 67,410 |  |  | 67,406 |
Europe, excluding Denmark |  | 65,239 |  |  | 59,909 |
Mexico |  | 27,098 |  |  | 21,173 |
Canada |  | 4,080 |  |  | 4,329 |
Total long-lived assets |  | $ | 919,407 |  |  | $ | 879,003 |
(a)Long-lived assets are attributed to countries based upon the location of the assets.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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