XML 36 R30.htm IDEA: XBRL DOCUMENT v3.25.3

Segment Information (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

A summary of segment information and reconciliation to consolidated (loss) income before income taxes is as follows:

		Three Months Ended
		September 30, 2025
		Manufacturing				Aftermarket				Corporate				Total
Revenues		$	153,956			$	6,555			$	-			$	160,511
Cost of sales			131,789				4,517				-				136,306
Gross profit		$	22,167			$	2,038			$	-			$	24,205
Other segment items (1)			437				554				8,656				9,647
Operating income (loss)		$	21,730			$	1,484			$	(8,656	)		$	14,558
Reconciliation to consolidated loss before income taxes:
Consolidated interest expense															(4,638	)
Loss on change in fair market value of Warrant liability															(17,589	)
Consolidated other income															78
Consolidated loss before income taxes														$	(7,591	)

(1) Other segment items in Manufacturing, Aftermarket and Corporate segments include selling, general and administrative expenses.

		Three Months Ended
		September 30, 2024
		Manufacturing				Aftermarket				Corporate				Total
Revenues		$	109,080			$	4,175			$	-			$	113,255
Cost of sales			94,784				2,275				-				97,059
Gross profit		$	14,296			$	1,900			$	-			$	16,196
Other segment items (1)			473				323				6,742				7,538
Operating income (loss)		$	13,823			$	1,577			$	(6,742	)		$	8,658
Reconciliation to consolidated income before income taxes:
Consolidated interest expense															(1,577	)
Loss on change in fair market value of Warrant liability															(110,040	)
Consolidated other expense															(680	)
Consolidated loss before income taxes														$	(103,639	)

(1) Other segment items in Manufacturing, Aftermarket and Corporate segments include selling, general and administrative expenses.

		Nine Months Ended
		September 30, 2025
		Manufacturing				Aftermarket				Corporate				Total
Revenues		$	354,888			$	20,536			$	-			$	375,424
Cost of sales			305,685				13,319				-				319,004
Gross profit		$	49,203			$	7,217			$	-			$	56,420
Other segment items (1)			1,196				1,630				27,458				30,284
Operating income (loss)		$	48,007			$	5,587			$	(27,458	)		$	26,136
Reconciliation to consolidated income before income taxes:
Consolidated interest expense															(13,356	)
Loss on change in fair market value of Warrant liability															(12,331	)
Consolidated other income															3,235
Consolidated income before income taxes														$	3,684

(1) Other segment items in Manufacturing, Aftermarket and Corporate segments include selling, general and administrative expenses.

		Nine Months Ended
		September 30, 2024
		Manufacturing				Aftermarket				Corporate				Total
Revenues		$	407,336			$	14,393			$	-			$	421,729
Cost of sales			368,318				7,382				-				375,700
Gross profit		$	39,018			$	7,011			$	-			$	46,029
Other segment items (1)			(1,798	)			1,123				21,002				20,327
Operating income (loss)		$	40,816			$	5,888			$	(21,002	)		$	25,702
Reconciliation to consolidated loss before income taxes:
Consolidated interest expense															(5,815	)
Loss on change in fair market value of Warrant liability															(125,581	)
Consolidated other expense															(1,419	)
Consolidated loss before income taxes														$	(107,113	)

(1) Other segment items in Manufacturing include selling, general and administrative expenses and litigation settlement. Other segment items in Aftermarket and Corporate segments include selling, general and administrative expenses.

A summary of segment depreciation, amortization and capital expenditures is as follows:

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2025				2024				2025				2024
Depreciation and amortization:
Manufacturing		$	1,433			$	1,331			$	4,229			$	3,906
Aftermarket			35				36				106				121
Corporate			84				75				263				225
Consolidated depreciation and amortization		$	1,552			$	1,442			$	4,598			$	4,252
Capital expenditures:
Manufacturing		$	1,146			$	1,277			$	1,993			$	3,485
Aftermarket			18				15				18				15
Corporate			-				170				91				231
Consolidated capital expenditures		$	1,164			$	1,462			$	2,102			$	3,731

Reconciliation of Assets From Segment to Consolidated

A summary of segment assets is as follows:

		September 30,				December 31,
		2025				2024
Assets:
Manufacturing		$	213,769			$	165,702
Aftermarket			12,404				11,014
Corporate			65,063				46,361
Total operating assets			291,236				223,077
Consolidated income taxes receivable			49,520				1,139
Consolidated assets		$	340,756			$	224,216

Geographic Information

A summary of revenues and long-lived assets by geographic information is as follows:

	Geographic Information
		Revenues																Long Lived Assets (a)
		Three Months Ended								Nine Months Ended
		September 30,								September 30,								September 30,				December 31,
		2025				2024				2025				2024				2025				2024
United States		$	160,511			$	113,255			$	375,424			$	421,729			$	3,276			$	3,856
Mexico			-				-				-				-				65,607				73,755
Total		$	160,511			$	113,255			$	375,424			$	421,729			$	68,883			$	77,611

(a) Long lived assets include property, plant and equipment, net and right of use (ROU) assets.

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

+ Details

Name:	us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration