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Major Customers

12 Months Ended

Dec. 31, 2022

Concentration Risks, Types, No Concentration Percentage [Abstract]

Major Customers

Major Customers

The Company had five major customers during the year ended December 31, 2022, BRP, Navistar, PACCAR, UFP, and 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 years ended December 31 (in thousands):

			2022						2021						2020
BRP product sales			$	51,057					$	35,078					$	20,269
BRP tooling sales			1,613						2,735						1,662
Total BRP sales			52,670						37,813						21,931
Navistar product sales			60,778						39,546						33,656
Navistar tooling sales			3,126						6,962						6,569
Total Navistar sales			63,904						46,508						40,225
PACCAR product sales			36,652						33,545						27,997
PACCAR tooling sales			1,293						2,016						507
Total PACCAR sales			37,945						35,561						28,504
UFP product sales			33,638						38,292						38,530
UFP tooling sales			—						—						—
Total UFP sales			33,638						38,292						38,530
Volvo product sales			51,428						35,854						23,538
Volvo tooling sales			215						123						2,186
Total Volvo sales			51,643						35,977						25,724
Other product sales			125,148						101,710						66,590
Other tooling sales			12,428						11,622						852
Total other sales			137,576						113,332						67,442
Total product sales			358,701						284,025						210,580
Total tooling sales			18,675						23,458						11,776
Total sales			$	377,376					$	307,483					$	222,356

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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 https://asc.fasb.org/topic&trid=2134479

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- References

No definition available.

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