v3.26.3
Segment and Geographic Information
 9 Months Ended
Sep. 26, 2026
Segment Reporting [Abstract]  
Segment and Geographic Information Segment and Geographic Information
Segment results are as follows:
For the Three Months ended September 26, 2026
(in thousands)Light DutyHeavy DutySpecialty VehicleTotal
Net sales$443,738 $66,140 $51,844 $561,722 
Cost of goods sold261,118 52,486 26,928 340,532 
Factoring expense10,938 — — 10,938 
Other segment expenses89,677 13,687 18,110 121,474 
Segment income (loss) from operations$82,005 $(33)$6,806 $88,778 
Depreciation$6,791 $936 $994 $8,721 
Capital expenditures$6,891 $410 $382 $7,683 
For the Three Months ended September 27, 2025
(in thousands)Light DutyHeavy DutySpecialty VehicleTotal
Net sales$430,316 $63,025 $50,395 $543,736 
Cost of goods sold229,612 47,004 25,693 302,309 
Factoring expense14,590 — — 14,590 
Other segment expenses83,953 13,166 18,240 115,359 
Segment income from operations$102,161 $2,855 $6,462 $111,478 
Depreciation$6,626 $1,013 $962 $8,601 
Capital expenditures$8,945 $1,107 $331 $10,383 
For the Nine Months ended September 26, 2026
(in thousands)Light DutyHeavy DutySpecialty VehicleTotal
Net sales$1,291,797 $190,219 $153,074 $1,635,090 
Cost of goods sold753,256 144,812 74,452 972,520 
Factoring expense36,113 — — 36,113 
Other segment expenses256,022 42,217 53,618 351,857 
Segment income from operations$246,406 $3,190 $25,004 $274,600 
Depreciation$20,590 $2,719 $2,907 $26,216 
Capital expenditures$22,336 $1,578 $1,294 $25,208 
For the Nine Months ended September 27, 2025
(in thousands)Light DutyHeavy DutySpecialty VehicleTotal
Net sales$1,263,500 $176,765 $152,122 $1,592,387 
Cost of goods sold714,750 132,186 76,803 923,739 
Factoring expense43,744 — — 43,744 
Other segment expenses243,051 41,365 54,598 339,014 
Segment income from operations$261,955 $3,214 $20,721 $285,890 
Depreciation$19,686 $2,823 $2,893 $25,402 
Capital expenditures$26,853 $2,143 $822 $29,818 
In the preceding segment tables, Other segment expenses consist of selling, general, and administrative expenses, including salaries and benefits for product development, research, sales, marketing and administrative functions, facility costs, information technology costs, and other general expenses.
A reconciliation of segment income from operations to consolidated income before income taxes is as follows:
For the Three Months EndedFor the Nine Months Ended
(in thousands)September 26, 2026September 27, 2025September 26, 2026September 27, 2025
Segment income from operations$88,778 $111,478 $274,600 $285,890 
Acquisition-related intangible assets amortization(5,069)(5,442)(15,416)(16,319)
Acquisition-related transaction and other costs55 (286)(420)(1,119)
Facility consolidation costs(826)— (826)— 
Reduction in workforce costs— — — (147)
Interest expense(8,016)(7,235)(20,685)(21,862)
Interest income776 28 1,327 115 
Other income, net1,652 1,385 10,475 4,290 
Consolidated income before income taxes$77,350 $99,928 $249,055 $250,848 
Segment assets are as follows:
(in thousands)September 26, 2026December 31, 2025
Light Duty$1,307,825 $1,330,389 
Heavy Duty193,507 199,768 
Specialty Vehicle79,793 76,891 
Total$1,581,125 $1,607,048 
The following table presents our net sales by geographic region:
Three Months EndedNine Months Ended
(in thousands)September 26, 2026September 27, 2025September 26, 2026September 27, 2025
Net sales to U.S. customers$518,338 $502,525 $1,506,627 $1,469,138 
Net sales to non-U.S. customers43,384 41,211 128,463 123,249 
Total$561,722 $543,736 $1,635,090 $1,592,387