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Major Customers | 6 Months Ended
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Jun. 30, 2021
Concentration Risks, Types, No Concentration Percentage [Abstract] |
Major Customers | MAJOR CUSTOMERS The Company had five major customers during the six months ended June 30, 2021, Universal Forest Products, Inc. (“UFP”), Navistar, Inc. (“Navistar”), PACCAR, Inc. (“PACCAR”), BRP, Inc. (“BRP”), and Volvo Group North America, LLC (“Volvo”). Major customers are defined as customers whose sales individually consist of more than ten percent of total sales during any annual or interim reporting period in the current year. The loss of a significant portion of sales to these customers could have a material adverse effect on the business of the Company. The following table presents sales revenue for the above-mentioned customers for the three and six months ended June 30, 2021 and 2020 (in thousands):
| Three months ended June 30, |  | Six months ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
UFP product sales | $ | 15,115 |  |  | $ | 9,484 |  |  | $ | 25,772 |  |  | $ | 18,471 |
UFP tooling sales | — |  |  | — |  |  | — |  |  | — |
Total UFP sales | 15,115 |  |  | 9,484 |  |  | 25,772 |  |  | 18,471 |
Navistar product sales | 10,969 |  |  | 6,500 |  |  | 20,906 |  |  | 17,166 |
Navistar tooling sales | — |  |  | 1,088 |  |  | 306 |  |  | 1,186 |
Total Navistar sales | 10,969 |  |  | 7,588 |  |  | 21,212 |  |  | 18,352 |
PACCAR product sales | 10,830 |  |  | 3,167 |  |  | 20,184 |  |  | 11,116 |
PACCAR tooling sales | 503 |  |  | — |  |  | 832 |  |  | 207 |
Total PACCAR sales | 11,333 |  |  | 3,167 |  |  | 21,016 |  |  | 11,323 |
BRP product sales | 10,420 |  |  | 2,206 |  |  | 18,989 |  |  | 9,453 |
BRP tooling sales | 124 |  |  | 113 |  |  | 238 |  |  | 333 |
Total BRP sales | 10,544 |  |  | 2,319 |  |  | 19,227 |  |  | 9,786 |
Volvo product sales | 7,429 |  |  | 2,167 |  |  | 17,554 |  |  | 9,740 |
Volvo tooling sales | 27 |  |  | 622 |  |  | 47 |  |  | 2,147 |
Total Volvo sales | 7,456 |  |  | 2,789 |  |  | 17,601 |  |  | 11,887 |
Other product sales | 24,354 |  |  | 12,323 |  |  | 44,846 |  |  | 31,831 |
Other tooling sales | 690 |  |  | 136 |  |  | 3,616 |  |  | 180 |
Total other sales | 25,044 |  |  | 12,459 |  |  | 48,462 |  |  | 32,011 |
Total product sales | 79,117 |  |  | 35,847 |  |  | 148,251 |  |  | 97,777 |
Total tooling sales | 1,344 |  |  | 1,959 |  |  | 5,039 |  |  | 4,053 |
Total sales | $ | 80,461 |  |  | $ | 37,806 |  |  | $ | 153,290 |  |  | $ | 101,830 |

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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -URI http://asc.fasb.org/topic&trid=2134479 + Details
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- References No definition available. + Details
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