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Foreign Operations
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Foreign Operations Foreign Operations
The majority of the Company’s product is sold to U.S. based customers in U.S. dollars. The following table provides information related to sales by country, based on the ship to location of customers' production facilities, for the years ended December 31 (in thousands):
202420232022
United States$187,973 $234,504 $231,391 
Mexico97,896 105,818 113,245 
Canada11,145 11,980 26,829 
Other5,364 5,436 5,911 
Total$302,378 $357,738 $377,376 
The following table provides information related to the location of the Company's property, plant and equipment, net, as of December 31 (in thousands):
20242023
United States$37,802 $37,737 
Mexico35,363 34,802 
Canada7,642 8,646 
Total$80,807 $81,185 
Segment Reporting
Segment information is prepared on the same basis that our Chief Executive Officer ("CEO"), who serves as our Chief Operating Decision Maker ("CODM"), manages our business, evaluates financial results, and makes key operating decisions. We have one reportable operating segment: North America.
The North America reportable operating segment comprises all manufacturing operations located in the United States, Canada, and Mexico, which we have aggregated into a single operating segment in consideration of the aggregation criteria set forth in ASC 280. These operations share similar economic characteristics, production processes, and customer bases.

The North America reportable segment generates its revenue primarily from the manufacturing and sale of sheet molding compound and molded structural plastic products to customers in the heavy truck, automotive, power sports, and industrial markets. The accounting policies of the North America reportable segment are consistent with those described in Note 2, "Summary of Significant Accounting Policies."

Our CODM uses income from operations to evaluate performance and make key operating decisions, such as allocating resources and assessing growth opportunities within the North America segment. The CODM is not provided asset information by reportable segment, as asset information is reviewed on a consolidated basis.

The following tables present selected financial information with respect to our single reporting segment:

202420232022
North America Segment:
Product sales$291,092 $347,375 $358,701 
Tooling sales11,286 10,363 18,675 
North America Segment Total Revenue302,378 357,738 377,376 
Less:
Variable Cost of Goods Sold
219,221 263,526 297,783 
Fixed Cost of Goods Sold29,897 29,692 27,191 
Selling, Goods and Administration36,565 37,983 34,399 
North America Segment Operating Income16,695 26,537 18,003 
Less:
Loss due to extinguishment of debt— — 1,582 
Net periodic post retirement benefit(593)(220)(124)
Net interest (income) expense(193)1,011 1,960 
Income taxes4,182 5,422 2,382 
North America Net Income$13,299 $20,324 $12,203