Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2026

Schedule of Segment Reporting Information, by Segment

The following table presents information about our segment revenue, segment profit or loss, and significant segment expenses (in thousands):


	Three months ended June 30,				Six months ended June 30,
	2026		2025		2026		2025
REVENUES	$	551,683	$	548,866	$	1,081,908	$	1,153,568
Less:
Standard COGS(1)	223,689		249,451		438,488		541,629
Quality remediation/recall(2)	5,890		5,706		13,297		15,686
Other COGS(3)	95,059		81,965		183,710		169,028
Tariffs and duties (income) expense, net(4)	(8,008)		3,680		5,134		9,052
Selling, general and administrative	151,922		159,392		306,488		316,625
Research and development	22,702		21,867		43,982		45,158
Restructuring and integration	21,302		16,218		38,103		32,915
Other segment items(5)	(2,574)		(46,157)		(3,553)		(47,626)
Interest expense	18,557		23,065		37,090		48,328
Income (benefit) tax provision	7,070		1,178		(27,644)		5,748
Equity in earnings of unconsolidated affiliates	(3,013)		(2,837)		(2,406)		(2,837)
Net income	$	19,087	$	35,338	$	49,219	$	19,862

______________________________

(1)Represents the average annual budgeted cost of producing each good sold in the period.

(2) Represents significant labor and material costs to replace or repair a product outside the scope of standard warranty and compliance costs related to quality systems and manufacturing operations.

(3)Includes costs related to capitalized manufacturing variances to standard COGS, supply chain and logistics costs including freight, inventory management and reserves, hardware service, quality and regulatory, and operations and supply chain management costs.

(4)For the three and six months ended June 30, 2026, tariff and duties (income) expense, net of ($8.0) million and$5.1 million, respectively, included $0.8 million and $1.9 million, respectively, typically grouped within standard COGS, and $10.1 million and $22.1 million, respectively, typically grouped within other COGS. The amounts typically grouped within Other COGS were net of $18.9 million of tariff refunds recognized during the second quarter of 2026.

For the three and six months ended June 30, 2025, tariff and duties (income) expense, net included $0.4 million and $1.6 million, respectively, typically grouped within standard COGS, and $3.3 million and $7.5 million, respectively, typically grouped within other COGS.

(5)Includes interest income, gain/loss on disposition of assets, gain/loss on foreign exchange, and other miscellaneous income/expense.

Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country

The table below presents our gross long-lived assets, consisting of property, plant and equipment, by country or region (in thousands):


	As of
	June 30, 2026		December 31, 2025
Costa Rica	172,945		168,678
Mexico	133,424		127,389
Other LATAM	77,229		71,054
Canada	1,981		1,982
Italy	35,032		35,468



Spain	22,217		21,532
Czech Republic	2,123		14,111
Other Europe	11,420		11,485
APAC	27,781		28,239
Total Foreign	$	484,152	$	479,938
United States	638,254		617,792
Worldwide Total	$	1,122,406	$	1,097,730