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Major Customers

3 Months Ended

Mar. 31, 2023

Concentration Risks, Types, No Concentration Percentage [Abstract]

Major Customers

MAJOR CUSTOMERS

The Company had five major customers during the three months ended March 31, 2023, BRP, Inc. ("BRP"), Navistar, Inc. ("Navistar"), PACCAR, Inc. ("PACCAR"), Universal Forest Products, Inc. ("UFP") and Volvo Group North America, LLC ("Volvo"). Major customers are defined as customers whose sales individually consist of more than ten percent of the Company's 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 Company.

The following table presents sales revenue for the above-mentioned customers for the three months ended March 31, 2023 and 2022 (in thousands):

			Three months ended March 31,
			2023						2022
BRP product sales			$	12,144					$	12,207
BRP tooling sales			581						150
Total BRP sales			12,725						12,357
Navistar product sales			19,262						14,022
Navistar tooling sales			185						11
Total Navistar sales			19,447						14,033
PACCAR product sales			10,200						8,747
PACCAR tooling sales			67						111
Total PACCAR sales			10,267						8,858
UFP product sales			10,774						12,687
UFP tooling sales			—						—
Total UFP sales			10,774						12,687
Volvo product sales			15,609						10,915
Volvo tooling sales			45						87
Total Volvo sales			15,654						11,002
Other product sales			30,348						31,323
Other tooling sales			292						332
Total other sales			30,640						31,655
Total product sales			98,337						89,901
Total tooling sales			1,170						691
Total sales			$	99,507					$	90,592

X

- 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
-Topic 275
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//275/tableOfContent

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- References

No definition available.

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