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Industry Segment and Geographic Data (Tables)
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Sales and Operating Income by Operating Segments
The following tables contain financial information for each reportable operating segment (in thousands):
Year Ended December 31, 2025Vehicle ControlTemperature ControlNissens AutomotiveEngineered SolutionsIntersegment salesTotal
Net sales$785,392 $426,367 $305,377 $274,484 $(462)$1,791,158 
Cost of sales538,287 281,546 184,947 227,432 (462)1,231,750 
Gross profit247,105 144,821 120,430 47,052 — 559,408 
Selling and marketing expenses43,715 14,657 19,603 8,277 — 86,252 
Distribution expenses66,661 33,843 35,751 5,217 — 141,472 
General and administration expenses40,728 17,905 35,803 20,855 — 115,291 
Supply chain financing expenses27,934 16,741 577 — — 45,252 
Restructuring expenses2,271 190 — 118 — 2,579 
Other expenses— — 1,796 1,987 — 3,783 
Total segment operating expenses181,309 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 other28,272 
Other non-operating income, net5,355 
Interest expense31,339 
Earnings from continuing operations before income taxes$110,523 
Year Ended December 31, 2024Vehicle ControlTemperature ControlNissens AutomotiveEngineered SolutionsIntersegment salesTotal
Net sales$762,560 $380,088 $35,745 $285,456 $— $1,463,849 
Cost of sales518,475 262,296 24,220 235,537 — 1,040,528 
Gross profit244,085 117,792 11,525 49,919 — 423,321 
Selling and marketing expenses45,878 15,938 1,536 8,060 — 71,412 
Distribution expenses57,627 32,858 7,097 5,290 — 102,872 
General and administration expenses36,935 16,763 5,560 20,906 — 80,164 
Supply chain financing expenses32,090 16,449 — — — 48,539 
Restructuring expenses4,249 847 — 843 — 5,939 
Other expenses— — 100 — — 100 
Total segment operating expenses176,779 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 other33,671 
Other non-operating income, net6,877 
Interest expense13,512 
Earnings from continuing operations before income taxes$73,989 
Year Ended December 31, 2023Vehicle ControlTemperature ControlNissens AutomotiveEngineered SolutionsIntersegment salesTotal
Net sales$737,932 $337,754 $— $282,586 $— $1,358,272 
Cost of sales499,717 241,927 — 227,802 — 969,446 
Gross profit238,215 95,827 — 54,784 — 388,826 
Selling and marketing expenses46,223 16,772 — 8,407 — 71,402 
Distribution expenses54,401 30,467 — 4,989 — 89,857 
General and administration expenses34,430 14,664 — 21,186 — 70,280 
Supply chain financing expenses30,558 15,473 — — — 46,031 
Restructuring expenses1,276 1,108 — 258 — 2,642 
Total segment operating expenses166,888 78,484 — 34,840 — 280,212 
Segment operating income (loss)$71,327 $17,343 $— $19,944 $— $108,614 
Unallocated corporate expenses and other15,937 
Other non-operating income, net2,326 
Interest expense13,287 
Earnings from continuing operations before income taxes$81,716 
Schedule of Reconciliation of Segment Operating Income to Net Earnings
Year Ended December 31,
(in thousands)202520242023
Depreciation and amortization
Vehicle Control$16,178 $14,841 $13,877 
Temperature Control3,285 3,307 3,424 
Nissens Automotive12,935 1,943 — 
Engineered Solutions10,088 9,608 9,966 
Total operating segment depreciation and amortization42,486 29,699 27,267 
Corporate1,362 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 Control4,076 2,621 1,899 
Nissens Automotive946 213 — 
Engineered Solutions9,553 9,721 12,095 
Total operating segment capital expenditures37,146 42,158 27,949 
Corporate1,578 1,860 684 
Total capital expenditures$38,724 $44,018 $28,633 
December 31,
(in thousands)20252024
Investment in unconsolidated affiliates
Vehicle Control$2,883 $2,447 
Temperature Control20,402 20,396 
Nissens Automotive— — 
Engineered Solutions3,025 1,999 
Total operating segment investment in unconsolidated affiliates26,310 24,842 
Corporate— — 
Total investment in unconsolidated affiliates$26,310 $24,842 
Total assets
Vehicle Control$741,732 $659,607 
Temperature Control312,884 276,216 
Nissens Automotive531,606 482,773 
Engineered Solutions289,776 285,866 
Total operating segment assets1,875,998 1,704,462 
Corporate119,243 109,664 
Total assets$1,995,241 $1,814,126 
Schedule of Long-lived Assets by Geographical Areas
December 31,
(in thousands)20252024
Long-lived assets ⁽ᵃ⁾
Denmark$383,393 $347,629 
United States372,187 378,557 
Asia67,410 67,406 
Europe, excluding Denmark65,239 59,909 
Mexico27,098 21,173 
Canada4,080 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.