v3.26.1
Segment and Geographic Information (Tables)
6 Months Ended
Jun. 27, 2026
Segment Reporting [Abstract]  
Summary of Segment Reporting Information, by Segment
Segment results are as follows:
For the Three Months ended June 27, 2026
(in thousands)Light DutyHeavy DutySpecialty VehicleTotal
Net sales$424,320 $66,266 $54,012 $544,598 
Cost of goods sold222,602 49,106 21,665 293,373 
Factoring expense12,467 — — 12,467 
Other segment expenses84,511 14,385 18,239 117,135 
Segment income from operations$104,740 $2,775 $14,108 $121,623 
For the Three Months ended June 28, 2025
(in thousands)Light DutyHeavy DutySpecialty VehicleTotal
Net sales$424,328 $62,060 $54,571 $540,959 
Cost of goods sold248,139 46,705 26,602 321,446 
Factoring expense14,566 — — 14,566 
Other segment expenses83,322 14,833 18,531 116,686 
Segment income from operations$78,301 $522 $9,438 $88,261 
For the Six Months ended June 27, 2026
(in thousands)Light DutyHeavy DutySpecialty VehicleTotal
Net sales$848,059 $124,079 $101,230 $1,073,368 
Cost of goods sold492,138 92,326 47,524 631,988 
Factoring expense25,175 — — 25,175 
Other segment expenses166,345 28,530 35,508 230,383 
Segment income from operations$164,401 $3,223 $18,198 $185,822 
For the Six Months ended June 28, 2025
(in thousands)Light DutyHeavy DutySpecialty VehicleTotal
Net sales$833,184 $113,740 $101,727 $1,048,651 
Cost of goods sold485,138 85,182 51,110 621,430 
Factoring expense29,154 — — 29,154 
Other segment expenses159,098 28,199 36,358 223,655 
Segment income from operations$159,794 $359 $14,259 $174,412 
Summary of Reconciliation of Operating Income from Segments to Consolidated
A reconciliation of segment income from operations to consolidated income before income taxes is as follows:
For the Three Months EndedFor the Six Months Ended
(in thousands)June 27, 2026June 28, 2025June 27, 2026June 28, 2025
Segment income from operations$121,623 $88,261 $185,822 $174,412 
Acquisition-related intangible assets amortization(5,173)(5,406)(10,347)(10,877)
Acquisition-related transaction and other costs(233)(341)(475)(833)
Pretax reduction in workforce costs— (33)— (147)
Interest expense, net(6,311)(7,182)(12,118)(14,540)
Other income, net5,577 1,544 8,823 2,905 
Consolidated income before income taxes$115,483 $76,843 $171,705 $150,920 
Summary of Disaggregated Revenue
The following table presents our net sales by geographic region:
Three Months EndedSix Months Ended
(in thousands)June 27, 2026June 28, 2025June 27, 2026June 28, 2025
Net sales to U.S. customers$499,240 $502,159 $988,300 $966,613 
Net sales to non-U.S. customers45,358 38,800 85,068 82,038 
Total$544,598 $540,959 $1,073,368 $1,048,651