Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Segment Reporting Information, by Segment

The following table presents information about our segment revenue, segment profit or loss, and significant segment expenses (in thousands):


	Three months ended March 31,
	2025		2024
REVENUES	$	604,702	$	566,655
Less:
Standard COGS(1)	$	293,408	$	283,001
Quality remediation/recall(2)	$	9,980	$	7,498
Other COGS(3)	$	91,205	$	90,912
Selling, general and administrative	$	157,233	$	157,657
Research and development	$	23,291	$	21,842
Restructuring and integration	$	16,697	$	16,105
Other segment items(4)	$	(1,469)	$	(9)
Interest expense	$	25,263	$	26,417
Income tax provision	$	4,570	$	2,703
Consolidated net loss	$	(15,476)	$	(39,471)

_______________

(1) Represents the average annual budgeted cost of producing each good sold in the period.

(2) Represents significant labor and material costs to replace or repair a product outside the scope of standard warranty and compliance costs related to quality systems and manufacturing operations.

(3) Includes costs related to capitalized manufacturing variances to standard COGS, supply chain and logistics costs including freight, inventory management and reserves, hardware service, quality and regulatory, and operations and supply chain management costs.

(4) Includes changes in fair value of contingent earn-out, interest income, gain/loss on disposition of assets, gain/loss on foreign exchange, other miscellaneous income/expense and equity in the income of equity method investees.

Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country

The table below presents our gross long-lived assets, consisting of property, plant and equipment, by country or region (in thousands):


	As of
	March 31, 2025		December 31, 2024
Costa Rica	157,576		156,149
Mexico	112,378		111,043
Other LATAM	59,660		55,451
Canada	1,493		5,284
Italy	31,093		29,124



Spain	18,119		17,141
Czech Republic	12,576		11,909
Other Europe	10,767		11,445
APAC	27,365		27,550
Total Foreign	$	431,027	$	425,096
United States*	618,863		610,547
Worldwide Total	$	1,049,890	$	1,035,643

________________________________

*As of March 31, 2025 and December 31, 2024, we presented within the assets held for sale line item in our consolidated balance sheet, the gross long-lived assets that were part of a disposal group that met the criteria as held for sale during the fourth quarter of 2024 (See Note 4: Assets Held For Sale).