v3.26.1
Revenue
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The following table shows the Company’s Automotive Products revenue, Premium Audio Products revenue and Other revenue disaggregated by geographical location for Automotive and Premium Audio Products for the three and six months ended June 30, 2026 and 2025, respectively:
Three Months Ended June 30,Six Months Ended June 30,
Revenue2026202520262025
Automotive Products
U.S.
$194,364,317 $172,204,462 $382,585,711 $335,585,400 
Japan87,681,935 96,094,581 186,103,285 194,459,984 
Germany41,366,733 67,662,895 91,272,170 132,680,756 
Korea29,567,436 56,610,947 67,490,526 94,806,280 
Mexico52,308,291 45,702,656 102,405,657 93,351,532 
China29,389,361 35,081,549 59,585,842 76,035,949 
Other125,523,342 104,771,936 251,564,136 215,073,384 
Total Automotive Products$560,201,415 $578,129,026 $1,141,007,327 $1,141,993,285 
Premium Audio Products
U.S.
$32,045,881 $29,933,112 $63,235,135 $29,933,112 
Other
19,641,526 14,557,485 40,323,233 14,557,485 
Total Premium Audio Products$51,687,407 44,490,597 $103,558,368 44,490,597 
Other39,410,883 35,238,587 82,177,136 48,147,418 
Total Revenue$651,299,705 $657,858,210 $1,326,742,831 $1,234,631,300 
Revenue by geographic area may fluctuate based on many factors, including: exposure to local economic, political, and labor conditions; global supply chain constraints; unexpected changes in laws and regulations; unexpected changes in trade, monetary, or fiscal policy, including interest rates, foreign currency exchange rates, and changes in the rate of inflation in the U.S. and other foreign countries; labor strikes; armed conflicts and acts of terrorism and war; tariffs, quotas, customs and other import or export restrictions; and other trade barriers.
The following table disaggregates the Company’s Automotive, Premium Audio, and Other revenue by major source for the three and six months ended June 30, 2026 and 2025, respectively:
Three Months Ended June 30,Six Months Ended June 30,
Revenue2026202520262025
Automotive Products
Automotive Mirrors & Electronics
$531,669,550 $548,897,948 $1,084,407,570 $1,079,029,377 
HomeLink Modules*
28,531,865 29,231,078 56,599,757 62,963,908 
Total Automotive Products$560,201,415 $578,129,026 $1,141,007,327 $1,141,993,285 
Premium Audio Products
Premium Speaker Products
$37,352,998 $32,430,491 $71,918,245 $32,430,491 
Premium Receiver Products
14,334,409 12,060,106 31,640,123 12,060,106 
Total Premium Audio Products$51,687,407 $44,490,597 $103,558,368 $44,490,597 
Other
Fire Protection Products$8,272,590 $8,082,207 $17,099,759 $14,799,977 
Windows Products6,520,379 3,996,515 14,854,779 8,887,501 
Medical Products361,016 245,421 714,631 632,256 
Aftermarket Products13,586,193 15,223,080 27,454,322 15,223,080 
Consumer Electronic Products7,903,080 7,477,039 16,264,843 7,477,039 
SAD39,973 — 39,973 — 
Biometric Products2,727,652 214,325 5,748,829 1,127,565 
Total Other$39,410,883 $35,238,587 $82,177,136 $48,147,418 
Total Revenue$651,299,705 $657,858,210 $1,326,742,831 $1,234,631,300 
*Excludes HomeLink revenue where HomeLink electronics are integrated into interior auto-dimming mirrors.
Sales Incentives
Sales incentives are offered to certain customers in the form of: (1) co-operative advertising allowances; (2) market development funds; (3) volume incentive rebates; and (4) other trade allowances. The Company accounts for sales incentives in accordance with ASC 606 "Revenue from Contracts with Customers" ("ASC 606"). These sales incentives represent variable consideration provided to customers. Depending on the specific facts and circumstances, either the most likely amount or expected value methods are utilized to estimate the effect of uncertainty on the amount of variable consideration to which the Company would be entitled. The most likely amount method considers the single most likely amount from a range of possible consideration amounts, while the expected value method is the sum of the probability-weighted amounts in a range of possible consideration amounts. Both methods are based upon the contractual terms of the incentives and historical experience with each customer. Except for other trade allowances, all sales incentives also require the customer to purchase the Company's products during a specified period of time. All sales incentives also require customers to claim the sales incentive within a certain time period (referred to as the "claim period") and claims are settled either by the customer claiming a deduction against an outstanding account receivable or by the customer requesting a cash payout. All costs associated with sales incentives are classified as a reduction of net sales. Although the Company makes its best estimate of such sales incentive liability, many factors, including significant unanticipated changes in the purchasing volume of its customers and the lack of claims made by customers, could have a significant impact on the sales incentives liability and reported operating results. The balance of accrued sales incentives at June 30, 2026 and December 31, 2025 was $13.8 million and $19.1 million, respectively, and is included within Accrued liabilities on the Unaudited Condensed Consolidated Balance Sheets.