v3.26.1
Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting 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. 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 reportable operating segment, North America, 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, power sports, building products and industrial markets. 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 for the three and six months ended June 30, 2026 and 2025 (in thousands):

Three months ended
June 30,		Six months ended
June 30,
2026202520262025
North America Segment:
Product revenue$60,890 $61,633 $118,350 $122,645 
Tooling project revenue1,839 17,606 2,962 18,041 
North America Segment Total Revenue62,729 79,239 121,312 140,686 
Less:
Variable Cost of Goods Sold
42,836 57,699 82,661 100,507 
Fixed Cost of Goods Sold7,165 7,226 13,945 14,082 
Selling, General and Administration10,433 9,100 21,647 18,044 
North America Segment Operating Income2,295 5,214 3,059 8,053 
Less:
Net interest expense60 (32)146 (16)
Net periodic post retirement benefit(117)(117)(234)(227)
Income taxes569 1,311 759 2,061 
North America Net Income$1,783 $4,052 $2,388 $6,235