Segment Reporting (Tables)
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9 Months Ended |
Sep. 30, 2026 |
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| Segment Reporting [Abstract] |
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| Segment Information about Reported Product Revenues,Depreciation and Amortization and Operating Income (loss) |
The table below presents segment information about the reported product revenues, significant segment expenses, operating income (loss) and depreciation and amortization of the Company for the three and nine months ended September 30, 2026 and 2025.
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Product Revenues |
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Automotive |
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$ |
390,597 |
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$ |
374,211 |
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$ |
1,177,578 |
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$ |
1,079,937 |
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Medical |
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14,505 |
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12,659 |
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37,396 |
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35,877 |
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Total |
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405,102 |
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386,870 |
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1,214,974 |
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1,115,814 |
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Significant Segment Expenses and Operating Performance |
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Automotive |
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Cost of sales |
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302,288 |
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283,663 |
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905,359 |
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822,314 |
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Net research and development expenses |
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17,776 |
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18,629 |
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58,495 |
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55,831 |
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Selling, general and administrative expenses |
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13,331 |
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17,013 |
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50,325 |
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49,546 |
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Restructuring expenses, net |
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4,782 |
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3,972 |
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16,481 |
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10,410 |
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Loss on sale of land and building, net |
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— |
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— |
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— |
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2,196 |
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Automotive operating income |
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52,420 |
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50,934 |
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146,918 |
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139,640 |
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Medical |
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Cost of sales |
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8,510 |
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6,691 |
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21,657 |
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18,696 |
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Other operating expenses |
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7,271 |
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5,982 |
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20,306 |
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17,137 |
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Medical operating (loss) income |
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(1,276 |
) |
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(14 |
) |
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(4,567 |
) |
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44 |
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Corporate and Other Unallocated Expenses |
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Corporate and other unallocated expenses |
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36,781 |
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27,062 |
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106,014 |
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74,756 |
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Total consolidated operating income |
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$ |
14,363 |
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$ |
23,858 |
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$ |
36,337 |
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$ |
64,928 |
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Other Segment Disclosures |
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Depreciation and Amortization |
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Automotive |
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$ |
12,952 |
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$ |
11,990 |
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$ |
37,483 |
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$ |
35,388 |
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Medical |
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1,153 |
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849 |
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2,877 |
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2,555 |
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Corporate |
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1,352 |
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550 |
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3,841 |
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1,535 |
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Total |
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$ |
15,457 |
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$ |
13,389 |
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$ |
44,201 |
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$ |
39,478 |
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| Segment Information About Reported Segment Product Revenues by Product Category |
Automotive and Medical segment product revenues by product category for the three and nine months ended September 30, 2026 and 2025 were as follows:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Climate Control Seats |
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$ |
215,603 |
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$ |
201,275 |
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$ |
639,656 |
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$ |
592,448 |
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Lumbar and Massage Comfort Solutions |
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70,923 |
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55,799 |
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205,772 |
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153,642 |
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Climate Control Interiors |
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51,939 |
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52,638 |
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155,241 |
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147,564 |
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Climate and Comfort Electronics |
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7,925 |
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8,599 |
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25,831 |
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22,220 |
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Automotive Climate and Comfort Solutions |
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346,390 |
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318,311 |
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1,026,500 |
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915,874 |
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Valve Systems |
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21,596 |
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24,487 |
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73,271 |
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72,803 |
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Other Automotive |
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22,611 |
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31,413 |
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77,807 |
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91,260 |
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Subtotal Automotive segment |
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390,597 |
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374,211 |
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1,177,578 |
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1,079,937 |
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Medical segment |
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14,505 |
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12,659 |
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37,396 |
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35,877 |
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Total Company |
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$ |
405,102 |
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$ |
386,870 |
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$ |
1,214,974 |
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$ |
1,115,814 |
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| Product Revenues Information by Geographic Area |
Revenue (based on shipment destination) by geographic area for the three and nine months ended September 30, 2026 and 2025 is as follows:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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United States |
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$ |
141,377 |
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$ |
139,991 |
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$ |
407,717 |
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$ |
391,662 |
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China |
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74,787 |
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63,679 |
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225,547 |
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167,214 |
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Germany |
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32,543 |
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30,300 |
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99,553 |
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86,038 |
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Czech Republic |
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20,706 |
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21,437 |
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66,106 |
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66,113 |
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South Korea |
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20,594 |
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20,422 |
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61,421 |
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68,288 |
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Mexico |
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21,672 |
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18,272 |
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59,020 |
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51,704 |
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Slovakia |
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13,939 |
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12,828 |
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45,493 |
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41,121 |
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Japan |
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14,135 |
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12,027 |
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38,580 |
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35,805 |
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United Kingdom |
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8,878 |
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6,387 |
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30,091 |
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25,538 |
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Netherlands |
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7,102 |
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6,724 |
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18,992 |
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21,937 |
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Other |
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49,369 |
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54,803 |
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162,454 |
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160,394 |
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Total Non-U.S. |
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263,725 |
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246,879 |
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807,257 |
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724,152 |
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Total Company |
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$ |
405,102 |
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$ |
386,870 |
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$ |
1,214,974 |
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$ |
1,115,814 |
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| Schedule of Property and Equipment, Net by Geographic Area |
Property and equipment, net, for each of the geographic areas in which the Company operates as of September 30, 2026 and December 31, 2025 is as follows:
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September 30, 2026 |
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December 31, 2025 |
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Property and equipment, net |
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Mexico |
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$ |
49,986 |
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$ |
50,506 |
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China |
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44,344 |
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47,414 |
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Germany |
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40,966 |
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50,761 |
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United States |
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38,099 |
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40,361 |
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Vietnam |
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30,732 |
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19,110 |
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North Macedonia |
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27,057 |
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29,375 |
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Hungary |
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8,831 |
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8,617 |
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Czech Republic |
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8,409 |
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10,513 |
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Morocco |
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5,228 |
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4,436 |
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Ukraine |
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5,207 |
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5,467 |
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Other |
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4,702 |
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4,054 |
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Total |
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$ |
263,561 |
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$ |
270,614 |
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