v3.26.1
Segment Reporting (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Summary of Segment Reporting Information
The following tables present financial information for the Company's reportable segments for the periods indicated:
Three Months Ended March 31, 2026
Global SeatingGlobal Electrical SystemsTrim Systems and ComponentsTotal
Revenues$74,505 $57,446 $39,544 $171,495 
Cost of revenues64,073 51,677 35,930 151,680 
Gross profit10,432 5,769 3,614 19,815 
Selling, general & administrative expenses 7,366 5,784 3,714 16,864 
Gain on sale of assets(13,716)— — (13,716)
Operating income (loss) 1
$16,782 $(15)$(100)$16,667 
Corporate and other unallocated costs 2
1,954 
Other (income) expense886 
Warrant expense4,978 
Loss on early extinguishment of debt1,958 
Interest expense4,095 
Income before provision for income taxes$2,796 

Three Months Ended March 31, 2025
Global SeatingGlobal Electrical SystemsTrim Systems and ComponentsTotal
Revenues$73,408 $50,453 $45,934 $169,795 
Cost of revenues64,317 46,463 41,222 152,002 
Gross profit9,091 3,990 4,712 17,793 
Selling, general & administrative expenses6,378 4,306 3,177 13,861 
Operating income (loss) 1
$2,713 $(316)$1,535 $3,932 
Corporate and other unallocated costs 2
2,524 
Other (income) expense(72)
Interest expense2,503 
Loss before provision for income taxes$(1,023)


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.