v3.25.4
Segment Reporting (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Summary of Segment Reporting Information
The following tables present financial information for the Company's reportable segments for the periods indicated:
For the year ended December 31, 2025
Global SeatingGlobal Electrical SystemsTrim Systems and ComponentsTotal
Revenues$287,249 $203,186 $158,567 $649,002 
Cost of revenues251,968 181,694 146,955 580,617 
Gross profit35,281 21,492 11,612 68,385 
Selling, general & administrative expenses 27,435 19,443 12,402 59,280 
Operating income 1
$7,846 $2,049 $(790)$9,105 
Corporate and other unallocated costs 2
9,761 
Other (income) expense
1,593 
Interest expense
13,028 
Loss on early extinguishment of debt460 
Loss before provision for income taxes
$(15,737)
Capital expenditures, depreciation and restructuring:
Capital expenditures$4,036 $3,676 $2,784 
Depreciation expense$5,407 $4,847 $3,262 
Restructuring$2,585 $1,727 $1,037 

For the year ended December 31, 2024
Global SeatingGlobal Electrical SystemsTrim Systems and ComponentsTotal
Revenues$314,682 $203,128 $205,545 $723,355 
Cost of revenues277,131 189,946 183,001 650,078 
Gross profit37,551 13,182 22,544 73,277 
Selling, general & administrative expenses 3
33,521 17,742 10,698 61,961 
Operating income 1
$4,030 $(4,560)$11,846 $11,316 
Corporate and other unallocated costs 2
12,074 
Other (income) expense
(2,200)
Interest expense9,174 
Loss on early extinguishment of debt509 
Income before provision for income taxes
$(8,241)
Capital expenditures, depreciation and restructuring:
  Capital expenditures$5,082 $5,421 $3,446 
Depreciation expense$5,186 $4,927 $3,279 
Restructuring$1,546 $3,745 $5,329 
For the year ended December 31, 2023
Global SeatingGlobal Electrical SystemsTrim Systems and ComponentsTotal
Revenues$348,690 $242,390 $244,389 $835,469 
Cost of revenues305,539 202,745 205,911 714,195 
Gross profit43,151 39,645 38,478 121,274 
Selling, general & administrative expenses34,026 17,088 17,399 68,513 
Operating income 1
$9,125 $22,557 $21,079 $52,761 
Corporate and other unallocated costs 2
12,888 
Other (income) expense
1,195 
Interest expense
10,248 
Income before provision for income taxes
$28,430 
Capital expenditures, depreciation and restructuring:
  Capital expenditures$8,067 $8,669 $1,891 
Depreciation expense$5,039 $4,181 $3,396 
Restructuring$131 $8 $678 
1.Segment operating income includes allocated corporate operating expenses associated with central services such as procurement, quality, logistics, environmental health and safety, information technology, insurance, finance, credit and collections, treasury and human resources. Operating expenses related to corporate headquarter functions are primarily allocated to each segment based on revenue contribution.
2.Unallocated corporate costs include enterprise and governance stewardship which include listing fees, audit fees, compliance costs, insurance costs, Board of Directors fees, and corporate management stock-based compensation expenses. Finally, interest expense, income taxes, and certain other items included in Other (income) expense, which are managed on a consolidated basis, are not allocated to the operating segments.
3.For the twelve months ended December 31, 2024, a $3.5 million gain on the sale of a building was previously reported on a full year basis in the Recast Segment Information in the selling, general and administrative expenses of the Global Seating segment and has been reclassified to the Trim Systems and Components segment herein. The reclassification is immaterial to the Company's consolidated financial statements and had no effect on the consolidated balance sheet, statement of operations or statement of cash flows as previously reported.
Summary of Revenue and Long-Lived Assets for Each of Geographic Areas
The following table presents revenues and long-lived assets for the geographic areas in which we operate:
Years Ended December 31,
202520242023
Revenues
Long-lived
Assets
Revenues
Long-lived
Assets
RevenuesLong-lived
Assets
United States$404,502 $60,021 $504,455 $65,957 $596,620 $67,727 
Czech Republic106,557 6,284 93,106 6,679 102,786 8,583 
All other countries137,943 37,491 125,794 26,253 136,063 23,983 
$649,002 $103,796 $723,355 $98,889 $835,469 $100,293 
Summary of Revenue Concentration by Customer The following table presents revenue from the above mentioned customer as a percentage of total revenue:
Years Ended December 31,
CustomerPrimary Segment202520242023
Customer AGlobal Seats and Trim Systems & Components13 %13 %13 %
Customer BTrim Systems & Components11 %11 %10 %