LCI Industries (LCII) 10-Q 4 Aug 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2020	Jul. 31, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	001-13646
Entity Registrant Name	LCI INDUSTRIES
Entity Central Index Key	0000763744
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-3250533
Entity Address, Address Line One	3501 County Road 6 East
Entity Address, City or Town	Elkhart,
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	46514
City Area Code	574
Local Phone Number	535-1125
Title of 12(b) Security	Common Stock, $.01 par value
Trading Symbol	LCII
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		25,153,541

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Net sales	$ 525,765	$ 629,068	$ 1,185,435	$ 1,221,240
Cost of sales	397,023	480,415	898,088	939,993
Gross profit	128,742	148,653	287,347	281,247
Selling, general and administrative expenses	107,960	82,996	222,299	167,835
Operating profit	20,782	65,657	65,048	113,412
Interest expense, net	3,698	2,099	8,895	4,606
Income before income taxes	17,084	63,558	56,153	108,806
Provision for income taxes	3,898	16,031	14,753	26,913
Net income	$ 13,186	$ 47,527	$ 41,400	$ 81,893
Net income per common share:
Basic (in usd per share)	$ 0.52	$ 1.90	$ 1.65	$ 3.28
Diluted (in usd per share)	$ 0.52	$ 1.89	$ 1.64	$ 3.28
Weighted average common shares outstanding:
Basic (in shares)	25,150	25,024	25,108	24,963
Diluted (in shares)	25,219	25,091	25,177	25,005

Condensed Consolidated Statem_2

Condensed Consolidated Statement Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 13,186	$ 47,527	$ 41,400	$ 81,893
Other comprehensive (loss) income:
Net foreign currency translation adjustment	1,239	(1,495)	(3,501)	(2,669)
Actuarial gain on Dutch pension plans	6,299	0	6,299	0
Unrealized gain (loss) on fair value of derivative instruments	442	(1,888)	1,642	(2,042)
Total comprehensive income	$ 21,166	$ 44,144	$ 45,840	$ 77,182

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 62,272	$ 35,359
Accounts receivable, net of allowances of $5,503 and $3,144 at June 30, 2020 and December 31, 2019, respectively	269,562	199,976
Inventories, net	328,986	393,607
Prepaid expenses and other current assets	36,471	41,849
Total current assets	697,291	670,791
Fixed assets, net	364,957	366,309
Goodwill	418,839	351,114
Other intangible assets, net	370,715	341,426
Operating lease right-of-use assets	98,947	98,774
Other assets	67,525	34,181
Total assets	2,018,274	1,862,595
Current liabilities
Current maturities of long-term indebtedness	20,882	17,883
Accounts payable, trade	124,399	99,262
Current portion of operating lease obligations	23,651	21,693
Accrued expenses and other current liabilities	140,939	132,420
Total current liabilities	309,871	271,258
Long-term indebtedness	681,242	612,906
Operating lease obligations	78,932	79,848
Deferred taxes	42,792	35,740
Other long-term liabilities	88,807	62,171
Total liabilities	1,201,644	1,061,923
Stockholders’ equity
Common stock, par value $.01 per share	282	281
Paid-in capital	215,864	212,485
Retained earnings	653,083	644,945
Accumulated other comprehensive income	5,563	1,123
Stockholders’ equity before treasury stock	874,792	858,834
Treasury stock, at cost	(58,162)	(58,162)
Total stockholders’ equity	816,630	800,672
Total liabilities and stockholders’ equity	$ 2,018,274	$ 1,862,595

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Accounts receivable, allowances	$ 5,503	$ 3,144
Common stock, par value (in usd per share)	$ 0.01

Condensed Consolidated Statem_3

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Cash flows from operating activities:
Net income	$ 13,186	$ 28,214	$ 47,527	$ 34,366	$ 41,400	$ 81,893
Adjustments to reconcile net income to cash flows provided by operating activities:
Depreciation and amortization					48,799	37,115
Stock-based compensation expense					7,404	7,848
Other non-cash items					546	705
Changes in assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net					(62,611)	(22,345)
Inventories, net					63,404	39,944
Prepaid expenses and other assets					(27,679)	11,444
Accounts payable, trade					20,917	11,567
Accrued expenses and other liabilities					9,921	11,944
Net cash flows provided by operating activities					102,101	180,115
Cash flows from investing activities:
Capital expenditures					(14,549)	(35,786)
Acquisitions of businesses, net of cash acquired					(94,713)	(8,530)
Other investing activities					4,096	251
Net cash flows used in investing activities					(105,166)	(44,065)
Cash flows from financing activities:
Exercise of stock-based awards, net of shares tendered for payment of taxes					(4,616)	(7,144)
Proceeds from line of credit borrowings					276,542	305,288
Repayments under line of credit borrowings					(197,330)	(354,981)
Repayments under term loan and other borrowings					(9,554)	0
Payment of dividends					(32,670)	(31,266)
Other financing activities					(279)	(397)
Net cash flows provided by (used in) financing activities					32,093	(88,500)
Effect of exchange rate changes on cash and cash equivalents					(2,115)	(1,818)
Net decrease in cash and cash equivalents					26,913	45,732
Cash, cash equivalents, and restricted cash at beginning of period		$ 35,359		$ 14,928	35,359	14,928	$ 14,928
Cash, cash equivalents, and restricted cash at end of period	$ 62,272		$ 60,660		62,272	60,660	$ 35,359
Supplemental disclosure of cash flow information:
Cash paid during the period for interest					9,593	3,948
Cash paid during the period for income taxes, net of refunds					(611)	13,890
Purchase of property and equipment in accrued expenses					$ 2,624	$ 298

Condensed Consolidated Statem_4

Condensed Consolidated Statement Of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Beginning balance at Dec. 31, 2018	$ 706,255	$ 280	$ 203,246	$ 563,496	$ (2,605)	$ (58,162)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	34,366			34,366
Issuance of shares of common stock pursuant to stock-based awards, net of shares tendered for payment of taxes	(6,348)	1	(6,349)
Stock-based compensation expense	3,733		3,733
Other comprehensive income (loss)					(1,328)
Cash dividends	(14,999)			(14,999)
Dividend equivalents on stock-based awards	0		304	(304)
Ending balance at Mar. 31, 2019	721,679	281	200,934	582,559	(3,933)	(58,162)
Beginning balance at Dec. 31, 2018	706,255	280	203,246	563,496	(2,605)	(58,162)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	81,893
Ending balance at Jun. 30, 2019	752,876	281	204,572	613,501	(7,316)	(58,162)
Beginning balance at Mar. 31, 2019	721,679	281	200,934	582,559	(3,933)	(58,162)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	47,527			47,527
Issuance of shares of common stock pursuant to stock-based awards, net of shares tendered for payment of taxes	(795)		(795)
Stock-based compensation expense	4,115		4,115
Other comprehensive income (loss)	(3,383)				(3,383)
Cash dividends	(16,267)			(16,267)
Dividend equivalents on stock-based awards	0		318	(318)
Ending balance at Jun. 30, 2019	752,876	281	204,572	613,501	(7,316)	(58,162)
Beginning balance at Dec. 31, 2019	800,672	281	212,485	644,945	1,123	(58,162)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	28,214			28,214
Issuance of shares of common stock pursuant to stock-based awards, net of shares tendered for payment of taxes	(4,517)	1	(4,518)
Stock-based compensation expense	3,295		3,295
Other comprehensive income (loss)	(3,540)				(3,540)
Cash dividends	(16,321)			(16,321)
Dividend equivalents on stock-based awards	0		297	(297)
Ending balance at Mar. 31, 2020	807,803	282	211,559	656,541	(2,417)	(58,162)
Beginning balance at Dec. 31, 2019	800,672	281	212,485	644,945	1,123	(58,162)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	41,400
Ending balance at Jun. 30, 2020	816,630	282	215,864	653,083	5,563	(58,162)
Beginning balance at Mar. 31, 2020	807,803	282	211,559	656,541	(2,417)	(58,162)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	13,186			13,186
Issuance of shares of common stock pursuant to stock-based awards, net of shares tendered for payment of taxes	(99)		(99)
Stock-based compensation expense	4,109		4,109
Other comprehensive income (loss)	7,980				7,980
Cash dividends	(16,349)			(16,349)
Dividend equivalents on stock-based awards	0		295	(295)
Ending balance at Jun. 30, 2020	$ 816,630	$ 282	$ 215,864	$ 653,083	$ 5,563	$ (58,162)

Condensed Consolidated Statem_5

Condensed Consolidated Statement Of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Issuance of common stock (in shares)	16,251	87,833	27,965	137,040
Cash dividend (in usd per share)	$ 0.65	$ 0.65	$ 0.65	$ 0.60

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis Of Presentation	BASIS OF PRESENTATION The Condensed Consolidated Financial Statements include the accounts of LCI Industries and its wholly-owned subsidiaries (“LCII” and collectively with its subsidiaries, the “Company,” "we," "us," or "our"). LCII has no unconsolidated subsidiaries. LCII, through its wholly-owned subsidiary, Lippert Components, Inc. and its subsidiaries (collectively, “Lippert Components” or “LCI”), supplies, domestically and internationally, a broad array of engineered components for the leading original equipment manufacturers (“OEMs”) in the recreation and transportation product markets, consisting primarily of recreational vehicles (“RVs”) and adjacent industries including buses; trailers used to haul boats, livestock, equipment, and other cargo; trucks; boats; trains; manufactured homes; and modular housing. The Company also supplies engineered components to the related aftermarkets of these industries, primarily by selling to retail dealers, wholesale distributors, and service centers. At June 30, 2020, the Company operated over 90 manufacturing and distribution facilities located throughout North America and Europe. Most industries where the Company sells products or where its products are used historically have been seasonal and are generally at the highest levels when the weather is moderate. Accordingly, the Company’s sales and profits have generally been the highest in the second quarter and lowest in the fourth quarter. However, because of fluctuations in dealer inventories, the impact of international, national, and regional economic conditions, consumer confidence on retail sales of RVs, and other products for which the Company sells its components, the timing of dealer orders, and the impact of severe weather conditions on the timing of industry-wide shipments from time to time, current and future seasonal industry trends may be different than in prior years, particularly as a result of the COVID-19 pandemic and related impacts. Additionally, sales of certain engineered components to the aftermarket channels of these industries tend to be counter-seasonal, but may be different in 2020 and future years as a result of the COVID-19 pandemic and related impacts. The Company is not aware of any significant events, except as disclosed in the Notes to Condensed Consolidated Financial Statements, which occurred subsequent to the balance sheet date but prior to the filing of this report that would have a material impact on the Condensed Consolidated Financial Statements. In the opinion of management, the information furnished in this Form 10-Q reflects all adjustments necessary for a fair statement of the financial position and results of operations for the interim periods presented. The Condensed Consolidated Financial Statements have been prepared in accordance with the instructions to Form 10-Q, and therefore do not include some information necessary to conform to annual reporting requirements. Results for interim periods should not be considered indicative of results for the full year. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company to make estimates and judgments that affect the reported amounts of assets, liabilities, net sales and expenses, and related disclosure of contingent assets and liabilities. On an ongoing basis, the Company evaluates its estimates, including, but not limited to, those related to product returns, sales and purchase rebates, accounts receivable, inventories, goodwill and other intangible assets, net assets of acquired businesses, income taxes, warranty and product recall obligations, self-insurance obligations, operating lease right-of-use assets and obligations, asset retirement obligations, long-lived assets, pension and post-retirement benefits, stock-based compensation, segment allocations, contingent consideration, environmental liabilities, contingencies, and litigation. The Company bases its estimates on historical experience, other available information, and various other assumptions believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities not readily apparent from other resources. Actual results and events could differ significantly from management estimates. Impact of COVID-19 On March 11, 2020, the World Health Organization declared the outbreak of coronavirus ("COVID-19") a pandemic, and on March 13, 2020, the United States declared a national emergency related to COVID-19. The pandemic has caused significant uncertainty and disruption in the global economy and financial markets. On March 25, 2020, the Company issued a press release providing a business update regarding COVID-19, including that it was temporarily suspending production at select manufacturing facilities across North America and Europe. The temporary suspension of production was made on a plant-by-plant basis, consistent with government mandates or due to customer closures. Production at facilities considered essential continued, utilizing reduced staff in conjunction with heightened cleaning and sanitation processes. On April 8, 2020, the Company issued a press release with additional business updates related to COVID-19, including cost savings and cash preservation measures that it had taken, including temporary executive salary and director retainer reductions, rightsizing its workforce to match demand levels, delaying certain capital expenses and reducing or eliminating non-critical business expenses, initiating temporary hiring freezes in all locations and furloughs for non-critical team members, lease payment deferrals, postponing merit increases for salaried employees until the end of the fiscal year, and engaging with banking partners regarding options relative to future financial liquidity. Additionally, the April 8 press release announced community support initiatives including donations of personal protective equipment and other supplies throughout local communities, manufacturing medical face shields used by doctors and nurses in Italy, and the establishment of a temporary emergency fund to aid team members who have faced personal and financial difficulties due to the COVID-19 pandemic. The Company resumed operations to varying degrees for the majority of its facilities on May 4, 2020 to meet the demand requirements of its customers, and by later in the second quarter, the Company's facilities were fully operational. As the Company returned to fully operational status, several of the cost savings and cash preservation measures previously announced on April 8, 2020 were reversed, including executive salary and director retainer reductions, furloughs, and hiring freezes, and discussions with banking partners about financing options were halted. Due to the uncertainty surrounding the COVID-19 pandemic, the Company remains disciplined with other cost savings and cash preservation measures, such as delaying capital expenditures and reducing or eliminating non-critical business expenses including travel. The extent to which COVID-19 may impact the Company's liquidity, financial condition, and results of operations remains uncertain.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The Condensed Consolidated Financial Statements presented herein have been prepared by the Company in accordance with the accounting policies described in its December 31, 2019 Annual Report on Form 10-K and should be read in conjunction with the Notes to Consolidated Financial Statements which appear in that report. All significant intercompany balances and transactions have been eliminated. Recent Accounting Pronouncements Recently issued accounting pronouncements not yet adopted In December 2019, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, which simplifies the accounting for income taxes, eliminates certain exceptions within Accounting Standards Codification ("ASC") 740, Income Taxes, and clarifies certain aspects of the current guidance to promote consistency among reporting entities. The new standard is effective for fiscal years beginning after December 15, 2021. Most amendments within the standard are required to be applied on a prospective basis, while certain amendments must be applied on a retrospective or modified retrospective basis. The Company is evaluating the effect of adopting this new accounting guidance. Recently adopted accounting pronouncements In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, which amends ASC 350, Intangibles - Goodwill and Other. This ASU simplifies how an entity is required to test goodwill for impairment by eliminating step 2 from the goodwill impairment test. Step 2 measures goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. The Company adopted this ASU effective January 1, 2020. The adoption did not have a material impact on its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which requires the Company to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions, and reasonable forecasts. This ASU replaced the previous incurred loss model and is applicable to the measurement of credit losses on financial assets, including trade receivables. The Company adopted this ASU effective January 1, 2020 using the modified retrospective transition method. The adoption did not have a material impact on the Company's consolidated financial statements.

Acquisitions, Goodwill And Othe

Acquisitions, Goodwill And Other Intangible Assets	6 Months Ended
	Jun. 30, 2020
Acquisitions, Goodwill And Other Intangible Assets [Abstract]
Acquisitions, Goodwill And Other Intangible Assets	ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS Acquisitions Completed During the Six Months Ended June 30, 2020 Polyplastic In January 2020, the Company acquired 100 percent of the equity interests of Polyplastic Group B.V. (with its subsidiaries “Polyplastic”), a premier window supplier to the caravanning industry, headquartered in Rotterdam, Netherlands. The purchase price was $95.8 million, net of cash acquired, plus contingent consideration up to $7.7 million, based on future sales by this operation. The results of the acquired business have been included in the Condensed Consolidated Statements of Income since the acquisition date, primarily in the Company’s OEM Segment. As the acquisition of Polyplastic is not considered to have a material impact on the Company's financial statements, pro forma results of operations and other disclosures are not presented. The Company is validating account balances and finalizing the valuation for customer relationships and other identifiable intangible assets, net tangible assets, and the unfunded pension benefit obligation. The acquisition of this business was preliminarily recorded as of the acquisition date as follows (in thousands) : Cash consideration, net of cash acquired $ 95,766 Contingent consideration 2,796 Total fair value of consideration given $ 98,562 Customer relationship and other identifiable intangible assets $ 53,674 Net tangible assets, excluding pension obligation 15,867 Unfunded pension benefit obligation (28,665) Total fair value of net assets acquired $ 40,876 Goodwill (not tax deductible) $ 57,686 The acquisition of Polyplastic included the assumption of two partially-funded defined benefit pension plans (the "Dutch pension plans") based in the Netherlands. The Dutch pension plans, which are qualified defined benefit pension plans, provide benefits based on years of service and average pay. The benefits earned by the employees are immediately vested. The Company funds the future obligations of the Dutch pension plans by purchasing an insurance contract from a large multi-national insurance company. Each year the Company will make premium payments to the insurance company (1) to provide for the benefit obligation of the current year of service based on each employee's age, gender, and current salary, and (2) for indexations for both active and post-active participants. The Company determines the fair value of the plan asset with the assistance of an actuary using observable inputs (Level 2), which is determined as the present value of the accrued benefits guaranteed by the insurer. The Company recorded the estimated unfunded pension benefit obligation of the Dutch pension plans during the quarter ended June 30, 2020 in other long-term liabilities on the Condensed Consolidated Balance Sheet, as information related to the plans and preliminary assumptions and actuarial reports became available. The key assumptions used to measure the benefit obligation at acquisition date were a discount rate of 1.2 percent, expected rate of return on plan assets of 1.2 percent, wage inflation of 2.0 percent, and expected indexation that conforms to the growth path established by Dutch pension law, which ranged from 0.0 percent at acquisition to 2.0 percent in 2033. The Company also recorded a deferred tax asset related to the Dutch pension plans during the quarter ended June 30, 2020. Contributions and net periodic pension costs for the Dutch pension plans were not material for the period from the acquisition date through June 30, 2020. The customer relationship intangible asset is being amortized over its estimated useful life of 15 years. The fair value of this asset was determined using a discounted cash flow model, which is a level 3 input in the fair value hierarchy. The consideration given was greater than the fair value of the net assets acquired, resulting in goodwill, because the Company anticipates the attainment of synergies and an increase in the markets for the acquired products. Acquisitions with Measurement Period Adjustments During the Six Months Ended June 30, 2020 CURT In December 2019, the Company acquired 100 percent of the equity interests of CURT Acquisition Holdings, Inc. (with its subsidiaries “CURT”), a leading manufacturer and distributor of branded towing products and truck accessories for the aftermarket, headquartered in Eau Claire, Wisconsin. The purchase price was $336.6 million, net of cash acquired. The results of the acquired business have been included in the Condensed Consolidated Statements of Income since the acquisition date, primarily in the Company’s Aftermarket Segment. During the six months ended June 30, 2020, the Company adjusted the preliminary purchase price allocation reported at December 31, 2019 to account for updates to assumptions and estimates related to the fair value of intangible assets and inventories, and to adjust the purchase price for final net working capital balances. These measurement period adjustments would not have resulted in a material impact on the prior period results if the adjustments had been recognized as of the acquisition date. The purchase price allocation is subject to adjustment as additional information is obtained within the measurement period (not to exceed 12 months from the acquisition date). The acquisition of this business was recorded, as updated, on the acquisition date as follows (in thousands) : Preliminary at December 31, 2019 Measurement Period Adjustments As Adjusted at June 30, 2020 Cash consideration, net of cash acquired $ 337,640 $ (1,053) $ 336,587 Assets Acquired Accounts receivable $ 28,611 $ — $ 28,611 Inventories 88,765 (6,648) 82,117 Fixed assets 24,036 — 24,036 Customer relationship 112,000 (7,800) 104,200 Tradename and other identifiable intangible assets 37,705 (300) 37,405 Operating lease right-of-use assets 27,925 — 27,925 Other tangible assets 4,060 (1,550) 2,510 Liabilities Assumed Accounts payable (18,577) — (18,577) Current portion of operating lease obligations (5,360) — (5,360) Accrued expenses and other current liabilities (10,002) — (10,002) Operating lease obligations (22,565) — (22,565) Deferred taxes (31,877) 1,752 (30,125) Total fair value of net assets acquired $ 234,721 $ (14,546) $ 220,175 Goodwill (not tax deductible) $ 102,919 $ 13,493 $ 116,412 The fair values of the customer relationship and tradename intangible assets are being amortized over their estimated useful lives of 16 years and 20 years, respectively. The fair values of these assets were determined using a discounted cash flow model, which is a level 3 input in the fair value hierarchy. The consideration given was greater than the fair value of the net assets acquired, resulting in goodwill, because the Company anticipates the attainment of synergies and an increase in the markets for the acquired products. Lewmar Marine Ltd. In August 2019, the Company acquired 100 percent of the equity interests of Lewmar Marine Ltd. and related entities (collectively, “Lewmar”), a supplier of leisure marine equipment, headquartered in Havant, United Kingdom. The purchase price was $43.2 million, net of cash acquired. The results of the acquired business have been included in the Condensed Consolidated Statements of Income since the acquisition date in the Company’s OEM Segment and Aftermarket Segment. As the acquisition of Lewmar is not considered to have a material impact on the Company’s financial statements, pro forma results of operations and other disclosures are not presented. During the six months ended June 30, 2020, the Company adjusted the preliminary purchase price allocation reported at December 31, 2019 to account for updates to assumptions and estimates related to the fair value of intangible assets and inventories. These measurement period adjustments would not have resulted in a material impact on the prior period results if the adjustments had been recognized as of the acquisition date. The acquisition of this business was recorded, as updated, on the acquisition date as follows (in thousands) : Preliminary at December 31, 2019 Measurement Period Adjustments As Adjusted at June 30, 2020 Cash consideration, net of cash acquired $ 43,224 $ — $ 43,224 Customer relationship and other identifiable intangible assets $ 19,580 $ 2,170 $ 21,750 Net tangible assets 3,286 (705) 2,581 Total fair value of net assets acquired $ 22,866 $ 1,465 $ 24,331 Goodwill (not tax deductible) $ 20,358 $ (1,465) $ 18,893 The customer relationship intangible asset is being amortized over its estimated useful life of 15 years. The consideration given was greater than the fair value of the net assets acquired, resulting in goodwill, because the Company anticipates the attainment of synergies and an increase in the markets for the acquired products. Goodwill Goodwill by reportable segment was as follows: (In thousands) OEM Segment Aftermarket Segment Total Net balance – December 31, 2019 $ 215,620 $ 135,494 $ 351,114 Acquisitions – 2020 57,686 — 57,686 Measurement period adjustments (2,346) 12,613 10,267 Foreign currency translations 70 (298) (228) Net balance – June 30, 2020 $ 271,030 $ 147,809 $ 418,839 Goodwill represents the excess of the total consideration given in an acquisition of a business over the fair value of the net tangible and identifiable intangible assets acquired. Goodwill is not amortized, but instead is tested at the reporting unit level for impairment annually in November, or more frequently if certain circumstances indicate a possible impairment may exist. Other Intangible Assets Other intangible assets consisted of the following at June 30, 2020: (In thousands) Gross Accumulated Net Estimated Useful Customer relationships $ 345,491 $ 81,947 $ 263,544 6 to 16 Patents 87,622 46,707 40,915 3 to 19 Trade names (finite life) 61,092 9,369 51,723 3 to 20 Trade names (indefinite life) 7,600 — 7,600 Indefinite Non-compete agreements 6,379 4,256 2,123 3 to 6 Other 309 186 123 2 to 12 Purchased research and development 4,687 — 4,687 Indefinite Other intangible assets $ 513,180 $ 142,465 $ 370,715 Other intangible assets consisted of the following at December 31, 2019: (In thousands) Gross Accumulated Net Estimated Useful Customer relationships $ 319,934 $ 69,008 $ 250,926 6 to 16 Patents 76,206 44,611 31,595 3 to 19 Trade names (finite life) 50,917 7,086 43,831 3 to 20 Trade names (indefinite life) 7,600 — 7,600 Indefinite Non-compete agreements 7,598 4,947 2,651 3 to 6 Other 309 173 136 2 to 12 Purchased research and development 4,687 — 4,687 Indefinite Other intangible assets $ 467,251 $ 125,825 $ 341,426
Acquisitions, Goodwill And Other Intangible Assets	ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS Acquisitions Completed During the Six Months Ended June 30, 2020 Polyplastic In January 2020, the Company acquired 100 percent of the equity interests of Polyplastic Group B.V. (with its subsidiaries “Polyplastic”), a premier window supplier to the caravanning industry, headquartered in Rotterdam, Netherlands. The purchase price was $95.8 million, net of cash acquired, plus contingent consideration up to $7.7 million, based on future sales by this operation. The results of the acquired business have been included in the Condensed Consolidated Statements of Income since the acquisition date, primarily in the Company’s OEM Segment. As the acquisition of Polyplastic is not considered to have a material impact on the Company's financial statements, pro forma results of operations and other disclosures are not presented. The Company is validating account balances and finalizing the valuation for customer relationships and other identifiable intangible assets, net tangible assets, and the unfunded pension benefit obligation. The acquisition of this business was preliminarily recorded as of the acquisition date as follows (in thousands) : Cash consideration, net of cash acquired $ 95,766 Contingent consideration 2,796 Total fair value of consideration given $ 98,562 Customer relationship and other identifiable intangible assets $ 53,674 Net tangible assets, excluding pension obligation 15,867 Unfunded pension benefit obligation (28,665) Total fair value of net assets acquired $ 40,876 Goodwill (not tax deductible) $ 57,686 The acquisition of Polyplastic included the assumption of two partially-funded defined benefit pension plans (the "Dutch pension plans") based in the Netherlands. The Dutch pension plans, which are qualified defined benefit pension plans, provide benefits based on years of service and average pay. The benefits earned by the employees are immediately vested. The Company funds the future obligations of the Dutch pension plans by purchasing an insurance contract from a large multi-national insurance company. Each year the Company will make premium payments to the insurance company (1) to provide for the benefit obligation of the current year of service based on each employee's age, gender, and current salary, and (2) for indexations for both active and post-active participants. The Company determines the fair value of the plan asset with the assistance of an actuary using observable inputs (Level 2), which is determined as the present value of the accrued benefits guaranteed by the insurer. The Company recorded the estimated unfunded pension benefit obligation of the Dutch pension plans during the quarter ended June 30, 2020 in other long-term liabilities on the Condensed Consolidated Balance Sheet, as information related to the plans and preliminary assumptions and actuarial reports became available. The key assumptions used to measure the benefit obligation at acquisition date were a discount rate of 1.2 percent, expected rate of return on plan assets of 1.2 percent, wage inflation of 2.0 percent, and expected indexation that conforms to the growth path established by Dutch pension law, which ranged from 0.0 percent at acquisition to 2.0 percent in 2033. The Company also recorded a deferred tax asset related to the Dutch pension plans during the quarter ended June 30, 2020. Contributions and net periodic pension costs for the Dutch pension plans were not material for the period from the acquisition date through June 30, 2020. The customer relationship intangible asset is being amortized over its estimated useful life of 15 years. The fair value of this asset was determined using a discounted cash flow model, which is a level 3 input in the fair value hierarchy. The consideration given was greater than the fair value of the net assets acquired, resulting in goodwill, because the Company anticipates the attainment of synergies and an increase in the markets for the acquired products. Acquisitions with Measurement Period Adjustments During the Six Months Ended June 30, 2020 CURT In December 2019, the Company acquired 100 percent of the equity interests of CURT Acquisition Holdings, Inc. (with its subsidiaries “CURT”), a leading manufacturer and distributor of branded towing products and truck accessories for the aftermarket, headquartered in Eau Claire, Wisconsin. The purchase price was $336.6 million, net of cash acquired. The results of the acquired business have been included in the Condensed Consolidated Statements of Income since the acquisition date, primarily in the Company’s Aftermarket Segment. During the six months ended June 30, 2020, the Company adjusted the preliminary purchase price allocation reported at December 31, 2019 to account for updates to assumptions and estimates related to the fair value of intangible assets and inventories, and to adjust the purchase price for final net working capital balances. These measurement period adjustments would not have resulted in a material impact on the prior period results if the adjustments had been recognized as of the acquisition date. The purchase price allocation is subject to adjustment as additional information is obtained within the measurement period (not to exceed 12 months from the acquisition date). The acquisition of this business was recorded, as updated, on the acquisition date as follows (in thousands) : Preliminary at December 31, 2019 Measurement Period Adjustments As Adjusted at June 30, 2020 Cash consideration, net of cash acquired $ 337,640 $ (1,053) $ 336,587 Assets Acquired Accounts receivable $ 28,611 $ — $ 28,611 Inventories 88,765 (6,648) 82,117 Fixed assets 24,036 — 24,036 Customer relationship 112,000 (7,800) 104,200 Tradename and other identifiable intangible assets 37,705 (300) 37,405 Operating lease right-of-use assets 27,925 — 27,925 Other tangible assets 4,060 (1,550) 2,510 Liabilities Assumed Accounts payable (18,577) — (18,577) Current portion of operating lease obligations (5,360) — (5,360) Accrued expenses and other current liabilities (10,002) — (10,002) Operating lease obligations (22,565) — (22,565) Deferred taxes (31,877) 1,752 (30,125) Total fair value of net assets acquired $ 234,721 $ (14,546) $ 220,175 Goodwill (not tax deductible) $ 102,919 $ 13,493 $ 116,412 The fair values of the customer relationship and tradename intangible assets are being amortized over their estimated useful lives of 16 years and 20 years, respectively. The fair values of these assets were determined using a discounted cash flow model, which is a level 3 input in the fair value hierarchy. The consideration given was greater than the fair value of the net assets acquired, resulting in goodwill, because the Company anticipates the attainment of synergies and an increase in the markets for the acquired products. Lewmar Marine Ltd. In August 2019, the Company acquired 100 percent of the equity interests of Lewmar Marine Ltd. and related entities (collectively, “Lewmar”), a supplier of leisure marine equipment, headquartered in Havant, United Kingdom. The purchase price was $43.2 million, net of cash acquired. The results of the acquired business have been included in the Condensed Consolidated Statements of Income since the acquisition date in the Company’s OEM Segment and Aftermarket Segment. As the acquisition of Lewmar is not considered to have a material impact on the Company’s financial statements, pro forma results of operations and other disclosures are not presented. During the six months ended June 30, 2020, the Company adjusted the preliminary purchase price allocation reported at December 31, 2019 to account for updates to assumptions and estimates related to the fair value of intangible assets and inventories. These measurement period adjustments would not have resulted in a material impact on the prior period results if the adjustments had been recognized as of the acquisition date. The acquisition of this business was recorded, as updated, on the acquisition date as follows (in thousands) : Preliminary at December 31, 2019 Measurement Period Adjustments As Adjusted at June 30, 2020 Cash consideration, net of cash acquired $ 43,224 $ — $ 43,224 Customer relationship and other identifiable intangible assets $ 19,580 $ 2,170 $ 21,750 Net tangible assets 3,286 (705) 2,581 Total fair value of net assets acquired $ 22,866 $ 1,465 $ 24,331 Goodwill (not tax deductible) $ 20,358 $ (1,465) $ 18,893 The customer relationship intangible asset is being amortized over its estimated useful life of 15 years. The consideration given was greater than the fair value of the net assets acquired, resulting in goodwill, because the Company anticipates the attainment of synergies and an increase in the markets for the acquired products. Goodwill Goodwill by reportable segment was as follows: (In thousands) OEM Segment Aftermarket Segment Total Net balance – December 31, 2019 $ 215,620 $ 135,494 $ 351,114 Acquisitions – 2020 57,686 — 57,686 Measurement period adjustments (2,346) 12,613 10,267 Foreign currency translations 70 (298) (228) Net balance – June 30, 2020 $ 271,030 $ 147,809 $ 418,839 Goodwill represents the excess of the total consideration given in an acquisition of a business over the fair value of the net tangible and identifiable intangible assets acquired. Goodwill is not amortized, but instead is tested at the reporting unit level for impairment annually in November, or more frequently if certain circumstances indicate a possible impairment may exist. Other Intangible Assets Other intangible assets consisted of the following at June 30, 2020: (In thousands) Gross Accumulated Net Estimated Useful Customer relationships $ 345,491 $ 81,947 $ 263,544 6 to 16 Patents 87,622 46,707 40,915 3 to 19 Trade names (finite life) 61,092 9,369 51,723 3 to 20 Trade names (indefinite life) 7,600 — 7,600 Indefinite Non-compete agreements 6,379 4,256 2,123 3 to 6 Other 309 186 123 2 to 12 Purchased research and development 4,687 — 4,687 Indefinite Other intangible assets $ 513,180 $ 142,465 $ 370,715 Other intangible assets consisted of the following at December 31, 2019: (In thousands) Gross Accumulated Net Estimated Useful Customer relationships $ 319,934 $ 69,008 $ 250,926 6 to 16 Patents 76,206 44,611 31,595 3 to 19 Trade names (finite life) 50,917 7,086 43,831 3 to 20 Trade names (indefinite life) 7,600 — 7,600 Indefinite Non-compete agreements 7,598 4,947 2,651 3 to 6 Other 309 173 136 2 to 12 Purchased research and development 4,687 — 4,687 Indefinite Other intangible assets $ 467,251 $ 125,825 $ 341,426

Inventories

Inventories	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Inventories	INVENTORIES Inventories are stated at the lower of cost (first-in, first-out (FIFO) method) or net realizable value. Cost includes material, labor, and overhead. Inventories consisted of the following at: June 30, December 31, (In thousands) 2020 2019 Raw materials $ 213,558 $ 256,850 Work in process 18,150 23,653 Finished goods 97,278 113,104 Inventories, net $ 328,986 $ 393,607

Fixed Assets

Fixed Assets	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Fixed Assets	FIXED ASSETS Fixed assets consisted of the following at: June 30, December 31, (In thousands) 2020 2019 Fixed assets, at cost $ 702,032 $ 678,367 Less accumulated depreciation and amortization 337,075 312,058 Fixed assets, net $ 364,957 $ 366,309

Accrued Expenses And Other Curr

Accrued Expenses And Other Current Liabilities	6 Months Ended
	Jun. 30, 2020
Payables and Accruals [Abstract]
Accrued Expenses And Other Current Liabilities	ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses and other current liabilities consisted of the following at: June 30, December 31, (In thousands) 2020 2019 Employee compensation and benefits $ 50,222 $ 45,612 Current portion of accrued warranty 28,328 29,898 Customer rebates 14,604 14,129 Other 47,785 42,781 Accrued expenses and other current liabilities $ 140,939 $ 132,420 Estimated costs related to product warranties are accrued at the time products are sold. In estimating its future warranty obligations, the Company considers various factors, including the Company’s (i) historical warranty costs, (ii) current trends, (iii) product mix, and (iv) sales. The following table provides a reconciliation of the activity related to the Company’s accrued warranty, including both the current and long-term portions, for the six months ended June 30: (In thousands) 2020 2019 Balance at beginning of period $ 47,167 $ 46,530 Provision for warranty expense 8,358 19,958 Warranty costs paid (10,916) (14,588) Balance at end of period 44,609 51,900 Less long-term portion 16,281 15,140 Current portion of accrued warranty at end of period $ 28,328 $ 36,760

Long-Term Indebtedness

Long-Term Indebtedness	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Long-Term Indebtedness	LONG-TERM INDEBTEDNESS Long-term indebtedness consisted of the following at: June 30, December 31, (In thousands) 2020 2019 Revolving Credit Loan $ 346,084 $ 266,214 Term Loan 292,500 300,000 Shelf-Loan Facility 50,000 50,000 Other 15,052 16,349 Unamortized deferred financing fees (1,512) (1,774) 702,124 630,789 Less current portion (20,882) (17,883) Long-term indebtedness $ 681,242 $ 612,906 Amended Credit Agreement On December 14, 2018, the Company refinanced its credit agreement with JPMorgan Chase, N.A., Wells Fargo Bank, N.A., Bank of America, N.A., and other bank lenders (as amended, the “Amended Credit Agreement”). The Amended Credit Agreement amended and restated an existing credit agreement dated April 27, 2016 and now expires on December 14, 2023. The Amended Credit Agreement increased the revolving credit facility from $325.0 million to $600.0 million, and permits the Company to borrow up to $250.0 million in approved foreign currencies, including Australian dollars, Canadian dollars, pounds sterling, and euros ($146.1 million, or €130.0 million drawn at June 30, 2020). On December 19, 2019, the Company entered into an Incremental Joinder and Amendment No. 1 (“Amendment No. 1”) of the Amended Credit Agreement with several banks, which provided an incremental term loan in the amount of $300.0 million, which the Company borrowed to fund a portion of the purchase price for the acquisition of CURT. The term loan is required to be repaid in an amount equal to 1.25% of original principal amount of the term loan for the first eight quarterly periods commencing March 31, 2020, and then 1.875% of the original principal amount of the term loan for each quarter thereafter, until the maturity date of December 14, 2023. In addition, Amendment No. 1 modified the credit agreement to allow the Company to request an increase to the facility of up to an additional $300.0 million as an increase to the revolving credit facility or one, or more, incremental term loan facilities upon approval of the lenders and the Company receiving certain other consents. As a result of the new incremental term loan, the total borrowing capacity under the Amended Credit Agreement was increased from $600.0 million to $900.0 million. Interest on borrowings under the revolving credit facility and incremental term loan are designated from time to time by the Company as either (i) the Alternate Base Rate (defined in the Amended Credit Agreement as the greatest of (a) the Prime Rate of JPMorgan Chase Bank, N.A., (b) the federal funds effective rate plus 0.5 percent, and (c) the Adjusted LIBO Rate (as defined in the Amended Credit Agreement) for a one month interest period plus 1.0 percent), plus additional interest ranging from 0.0 percent to 0.625 percent (0.4 percent at June 30, 2020) depending on the Company’s total net leverage ratio, or (ii) the Adjusted LIBO Rate for a period equal to one, two, three, six, or twelve months (with the consent of each lender) as selected by the Company, plus additional interest ranging from 1.000 percent to 1.625 percent (1.000 percent at June 30, 2020) depending on the Company’s total net leverage ratio. At June 30, 2020, the Company had $2.7 million in issued, but undrawn, standby letters of credit under the revolving credit facility. Availability under the Company’s revolving credit facility was $251.2 million at June 30, 2020. Shelf-Loan Facility On February 24, 2014, the Company entered into a $150.0 million shelf-loan facility (as amended and restated, the “Shelf-Loan Facility”) with PGIM, Inc. (formerly Prudential Investment Management, Inc.) and its affiliates (“Prudential”). On March 20, 2015, the Company issued $50.0 million of Senior Promissory Notes (“Series A Notes”) to Prudential for a term of five years, at a fixed interest rate of 3.35 percent per annum, payable quarterly in arrears. On March 29, 2019, the Company issued $50.0 million of Series B Senior Notes (the “Series B Notes”) to certain affiliates of Prudential for a term of three years, at a fixed interest rate of 3.80 percent per annum, payable quarterly in arrears, of which the entire amount was outstanding at June 30, 2020. The net proceeds of the Series B Notes were used to repay the Series A Notes. On November 11, 2019, the Company amended and restated the Shelf-Loan Facility to provide for a new $200.0 million shelf facility pursuant to which the Series B Notes are currently outstanding and to conform certain covenants to the Amended Credit Agreement. On March 31, 2020, the Company entered into a Consent and Amendment to the Shelf-Loan Facility to join certain Company subsidiaries that were acquired in the CURT acquisition as guarantors and permit other internal restructuring matters related to certain of the Company's subsidiaries. The Shelf-Loan Facility expires on November 11, 2022. The Shelf-Loan Facility provides for Prudential to consider purchasing, at the Company’s request, in one or a series of transactions, additional Senior Promissory Notes of the Company in the aggregate principal amount of up to $150.0 million (excluding the Company’s Series B Notes already outstanding). Prudential has no obligation to purchase the Senior Promissory Notes. Interest payable on the Senior Promissory Notes will be at rates determined by Prudential within five business days after the Company issues a request to Prudential. General At June 30, 2020, the fair value of the Company’s long-term debt under the Amended Credit Agreement and the Shelf-Loan Facility approximates the carrying value, as estimated using quoted market prices and discounted future cash flows based on similar borrowing arrangements. Borrowings under both the Amended Credit Agreement and the Shelf-Loan Facility are secured on a pari-passu basis by first priority liens on the capital stock or other equity interests of the Company’s direct and indirect subsidiaries. Pursuant to the Amended Credit Agreement and Shelf-Loan Facility, the Company shall not permit its net leverage ratio to exceed certain limits, shall maintain a minimum debt service coverage ratio, and must meet certain other financial requirements. At June 30, 2020, the Company was in compliance with all such requirements. The Amended Credit Agreement and the Shelf-Loan Facility include a maximum net leverage ratio covenant which limits the amount of consolidated outstanding indebtedness that the Company may incur on a trailing twelve-month EBITDA, as defined in the Amended Credit Agreement and the Shelf-Loan Facility. This limitation did not impact the Company’s ability to incur additional indebtedness under its revolving credit facility at June 30, 2020. The aggregate remaining availability under

Leases

Leases	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Leases	LEASES The Company leases certain manufacturing and warehouse facilities, administrative office space, semi-tractors, trailers, forklifts, and other equipment through operating leases with unrelated third parties. The operating leases have remaining terms of up to 66 years and some leases include options to purchase, terminate, or extend for one or more years. The options are included in the lease term when it is reasonably certain the option will be exercised. Leases with an initial term of 12 months or less are recognized in lease expense on a straight-line basis over the lease term and not recorded on the Condensed Consolidated Balance Sheet. Certain of the Company’s lease arrangements contain lease components (such as minimum rent payments) and non-lease components (such as common-area or other maintenance costs and taxes). The Company generally accounts for each component separately based on the estimated standalone price of each component. Some of the Company’s lease arrangements include rental payments that are adjusted periodically for an index rate. These leases are initially measured using the projected payments in effect at the inception of the lease. Certain of the Company’s leased semi-tractors, trailers, and forklifts include variable costs for usage or mileage. Such variable costs are expensed as incurred and included in the variable lease cost item noted in the table below. The Company’s lease agreements do not contain any significant residual value guarantees or restrictive covenants. The components of lease cost were as follows: Three Months Ended Six Months Ended (in thousands) 2020 2019 2020 2019 Operating lease cost $ 8,154 $ 5,873 $ 15,976 $ 10,782 Short-term lease cost 391 676 1,269 1,474 Variable lease cost 526 424 1,147 830 Total lease cost $ 9,071 $ 6,973 $ 18,392 $ 13,086

Commitments And Contingencies

Commitments And Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments And Contingencies	COMMITMENTS AND CONTINGENCIES Contingent Consideration In connection with several business acquisitions, if certain performance targets for the acquired products are achieved, the Company would pay additional cash consideration. The Company has recorded a liability for the fair value of this contingent consideration at June 30, 2020, based on the present value of the expected future cash flows using a market participant’s weighted average cost of capital of 11.5 percent. As required, the liability for this contingent consideration is measured at fair value quarterly, considering actual sales of the acquired products, updated sales projections, and the updated market participant weighted average cost of capital. Depending upon the weighted average costs of capital and future sales of the products which are subject to contingent consideration, the Company could record adjustments in future periods. The following table provides a reconciliation of the Company’s contingent consideration liability for the six months ended June 30, 2020: (In thousands) Balance at beginning of period $ 4,396 Acquisitions 2,796 Payments (7) Accretion (a) 416 Fair value adjustments (a) (b) (1,769) Net foreign currency translation adjustment 11 Balance at end of the period (c) 5,843 Less current portion in accrued expenses and other current liabilities (3,898) Total long-term portion in other long-term liabilities $ 1,945 (a) Recorded in selling, general and administrative expenses in the Condensed Consolidated Statements of Income. (b) Includes adjustments to assumptions on weighted average cost of capital and relevant sales projections. (c) Amount represents the fair value of estimated remaining payments. The total estimated remaining undiscounted payments as of June 30, 2020 were $7.3 million. The liability for contingent consideration expires at various dates through September 2029. Certain of the contingent consideration arrangements are subject to a maximum payment amount, while the remaining arrangements have no maximum contingent consideration. Furrion Distribution and Supply Agreement In July 2015, the Company entered into a six In August 2019, the Company and Furrion agreed to terminate the agreement effective December 31, 2019, and transition all sale and distribution of Furrion products then handled by the Company to Furrion. Effective January 1, 2020, Furrion is responsible for distributing its products directly to the customer and assumed all responsibilities previously carried out by the Company relating to Furrion products. Upon termination of the agreement, Furrion purchased from the Company all non-obsolete stock and certain obsolete and slow-moving stock of Furrion products at the cost paid by the Company. At June 30, 2020 and December 31, 2019, the Company had a receivable of $52.0 million and $40.0 million, respectively, recorded for purchases of inventory stock by Furrion. The agreement requires Furrion to make periodic payments throughout 2020 and the first six months of 2021. Due to the impacts of the COVID-19 pandemic, the Company is currently in negotiations that would impact the timing of the repayment of this receivable. Accordingly, the Company has classified $34.7 million of the receivable as long-term, and discounted the receivable to present value in June 2020 based on the currently proposed payment plan. Product Recalls From time to time, the Company cooperates with and assists its customers on their product recalls and inquiries, and occasionally receives inquiries directly from the National Highway Traffic Safety Administration regarding reported incidents involving the Company’s products. As a result, the Company has incurred expenses associated with product recalls from time to time, and may incur expenditures for future investigations or product recalls. Environmental The Company’s operations are subject to certain Federal, state, and local regulatory requirements relating to the use, storage, discharge, and disposal of hazardous materials used during the manufacturing processes. Although the Company believes its operations have been consistent with prevailing industry standards, and are in substantial compliance with applicable environmental laws and regulations, one or more of the Company’s current or former operating sites, or adjacent sites owned by third-parties, have been affected, and may in the future be affected, by releases of hazardous materials. As a result, the Company may incur expenditures for future investigation and remediation of these sites, including in conjunction with voluntary remediation programs or third-party claims. Litigation In the normal course of business, the Company is subject to proceedings, lawsuits, regulatory agency inquiries, and other claims. All such matters are subject to uncertainties and outcomes that are not predictable with assurance. While these matters could materially affect operating results when resolved in future periods, management believes that, after final disposition, including anticipated insurance recoveries in certain cases, any monetary liability or financial impact to the Company beyond that provided in the Condensed Consolidated Balance Sheet as of June 30, 2020, would not be material to the Company’s financial position or results of operations.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2020
Stockholders' Equity Note [Abstract]
Stockholders' Equity	STOCKHOLDERS’ EQUITY The following table summarizes information about shares of the Company’s common stock at: June 30, December 31, (In thousands) 2020 2019 Common stock authorized 75,000 75,000 Common stock issued 28,237 28,133 Treasury stock 3,087 3,087 The following reconciliation details the denominator used in the computation of basic and diluted earnings per share for the periods indicated: Three Months Ended Six Months Ended (In thousands) 2020 2019 2020 2019 Weighted average shares outstanding for basic earnings per share 25,150 25,024 25,108 24,963 Common stock equivalents pertaining to stock-based awards 69 67 69 42 Weighted average shares outstanding for diluted earnings per share 25,219 25,091 25,177 25,005 Equity instruments excluded from diluted net earnings per share calculation as the effect would have been anti-dilutive 110 122 109 122 The table below summarizes the regular quarterly dividends declared and paid during the periods ended June 30, 2020 and December 31, 2019: (In thousands, except per share data) Per Share Record Date Payment Date Total Paid First Quarter 2019 $ 0.60 03/08/19 03/22/19 $ 14,999 Second Quarter 2019 0.65 06/07/19 06/21/19 16,267 Third Quarter 2019 0.65 09/06/19 09/20/19 16,267 Fourth Quarter 2019 0.65 12/06/19 12/20/19 16,280 Total 2019 $ 2.55 $ 63,813 First Quarter 2020 $ 0.65 03/06/20 03/20/20 $ 16,321 Second Quarter 2020 0.65 06/05/20 06/19/20 16,349 Total 2020 $ 1.30 $ 32,670 Deferred and Restricted Stock Units The LCI Industries 2018 Omnibus Incentive Plan (“the 2018 Plan”) provides for the grant or issuance of stock units, including those that have deferral periods, such as deferred stock units (“DSUs”), and those with time-based vesting provisions, such as restricted stock units (“RSUs”), to directors, employees, and other eligible persons. Recipients of DSUs and RSUs are entitled to receive shares at the end of a specified vesting or deferral period. Holders of DSUs and RSUs receive dividend equivalents based on dividends granted to holders of the common stock, which dividend equivalents are payable in additional DSUs and RSUs, and are subject to the same vesting criteria as the original grant. DSUs vest (i) ratably over the service period, (ii) at a specified future date, or (iii) for certain officers, based on achievement of specified performance conditions. RSUs vest (i) ratably over the service period or (ii) at a specified future date. In addition, DSUs are issued in lieu of certain cash compensation. Transactions in DSUs and RSUs under the LCI Industries Equity Award and Incentive Plan, as Amended and Restated (“the 2011 Plan”) or the 2018 Plan, as applicable, are summarized as follows: Number of Shares Weighted Average Price Outstanding at December 31, 2019 346,148 $ 87.54 Issued 3,214 82.40 Granted 150,104 97.68 Dividend equivalents 5,829 77.72 Forfeited (5,158) 92.33 Vested (147,727) 87.07 Outstanding at June 30, 2020 352,410 $ 90.17 Stock Awards and Performance Stock Units The 2011 Plan provides for stock awards and the 2018 Plan provides for performance stock units (“PSUs”) that vest at a specific future date based on achievement of specified performance conditions. Transactions in performance-based stock awards and PSUs under the 2011 Plan or the 2018 Plan, as applicable, are summarized as follows: Number of Shares Weighted Average Price Outstanding at December 31, 2019 129,128 $ 96.21 Granted 57,333 96.55 Dividend equivalents 1,809 77.76 Forfeited (73,581) 107.91 Vested (5,152) 100.46 Outstanding at June 30, 2020 109,537 $ 87.92

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS Recurring The following table presents the Company’s liabilities measured at fair value on a recurring basis at: June 30, 2020 December 31, 2019 (In thousands) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Liabilities Contingent consideration $ 5,843 $ — $ — 5,843 $ 4,396 $ — $ — $ 4,396 Contingent Consideration Related to Acquisitions Liabilities for contingent consideration related to acquisitions were estimated at fair value using management’s projections for long-term sales forecasts, including assumptions regarding market share gains and future industry-specific economic and market conditions, and a market participant’s weighted average cost of capital. Over the next six years, the Company’s long-term sales growth forecasts for products subject to contingent consideration arrangements average approximately 14 percent per year. For further information on the inputs used in determining the fair value, and a roll forward of the contingent consideration liability, see Note 9 of the Notes to Condensed Consolidated Financial Statements. Changes in either of the inputs in isolation would result in a change in the fair value measurement. A change in the assumptions used for sales forecasts would result in a directionally similar change in the fair value liability, while a change in the weighted average cost of capital would result in a directionally opposite change in the fair value liability. If there is an increase in the fair value liability, the Company would record a charge to selling, general and administrative expenses, and if there is a decrease in the fair value liability, the Company would record a benefit in selling, general and administrative expenses.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Reporting	SEGMENT REPORTING The Company has two reportable segments, the OEM Segment and the Aftermarket Segment. Intersegment sales are insignificant. The OEM Segment, which accounted for 76 percent and 89 percent of consolidated net sales for the six months ended June 30, 2020 and 2019, respectively, manufactures or distributes a broad array of engineered components for the leading OEMs in the recreation and transportation product markets, consisting primarily of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment and other cargo; trucks; boats; trains; manufactured homes; and modular housing. Approximately 58 percent of the Company’s OEM Segment net sales for the six months ended June 30, 2020 were of components for travel trailer and fifth-wheel RVs. The Aftermarket Segment, which accounted for 24 percent and 11 percent of consolidated net sales for the six months ended June 30, 2020 and 2019, respectively, supplies engineered components to the related aftermarket channels of the recreation and transportation product markets, primarily to retail dealers, wholesale distributors, and service centers. The Aftermarket Segment also includes biminis, covers, buoys, fenders to the marine industry, towing products, truck accessories, and the sale of replacement glass and awnings to fulfill insurance claims. Decisions concerning the allocation of the Company’s resources are made by the Company’s chief operating decision maker (“CODM”), with oversight by the Board of Directors. The CODM evaluates the performance of each segment based upon segment operating profit or loss, generally defined as income or loss before interest and income taxes. Decisions concerning the allocation of resources are also based on each segment’s utilization of assets. Management of debt is a corporate function. The accounting policies of the OEM and Aftermarket Segments are the same as those described in Note 2 of the Notes to Consolidated Financial Statements of the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. The following tables present the Company’s revenues disaggregated by segment and geography based on the billing address of the Company’s customers: Three Months Ended June 30, 2020 Three Months Ended June 30, 2019 (In thousands) U.S. (a) Int’l (b) Total U.S. (a) Int’l (b) Total OEM Segment: RV OEMs: Travel trailers and fifth-wheels $ 204,977 $ 7,541 $ 212,518 $ 340,025 $ 3,026 $ 343,051 Motorhomes 13,505 11,208 24,713 28,943 12,414 41,357 Adjacent Industries OEMs 108,554 22,027 130,581 155,754 13,206 168,960 Total OEM Segment net sales 327,036 40,776 367,812 524,722 28,646 553,368 Aftermarket Segment: Total Aftermarket Segment net sales 154,671 3,282 157,953 72,870 2,830 75,700 Total net sales $ 481,707 $ 44,058 $ 525,765 $ 597,592 $ 31,476 $ 629,068 Six Months Ended June 30, 2020 Six Months Ended June 30, 2019 (In thousands) U.S. (a) Int’l (b) Total U.S. (a) Int’l (b) Total OEM Segment: RV OEMs: Travel trailers and fifth-wheels $ 508,659 $ 10,967 $ 519,626 $ 653,392 $ 6,530 $ 659,922 Motorhomes 40,419 22,381 62,800 60,864 25,493 86,357 Adjacent Industries OEMs 255,155 62,588 317,743 312,490 26,379 338,869 Total OEM Segment net sales 804,233 95,936 900,169 1,026,746 58,402 1,085,148 Aftermarket Segment: Total Aftermarket Segment net sales 276,289 8,977 285,266 129,402 6,690 136,092 Total net sales $ 1,080,522 $ 104,913 $ 1,185,435 $ 1,156,148 $ 65,092 $ 1,221,240 (a) Net sales to customers in the United States of America (b) Net sales to customers in countries domiciled outside of the United States of America The following table presents the Company’s operating profit by segment: Three Months Ended Six Months Ended (In thousands) 2020 2019 2020 2019 Operating profit: OEM Segment $ 1,763 $ 52,679 $ 44,952 $ 93,087 Aftermarket Segment 19,019 12,978 20,096 20,325 Total operating profit $ 20,782 $ 65,657 $ 65,048 $ 113,412 The following table presents the Company’s revenue disaggregated by product: Three Months Ended Six Months Ended (In thousands) 2020 2019 2020 2019 OEM Segment: Chassis, chassis parts, and slide-out mechanisms $ 131,540 $ 213,209 $ 333,803 $ 417,592 Windows and doors 109,696 156,064 265,727 307,983 Furniture and mattresses 57,662 93,562 144,842 184,919 Axles and suspension solutions 25,606 33,957 60,742 66,192 Other 43,308 56,576 95,055 108,462 Total OEM Segment net sales 367,812 553,368 900,169 1,085,148 Total Aftermarket Segment net sales 157,953 75,700 285,266 136,092 Total net sales $ 525,765 $ 629,068 $ 1,185,435 $ 1,221,240

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Company to make estimates and judgments that affect the reported amounts of assets, liabilities, net sales and expenses, and related disclosure of contingent assets and liabilities. On an ongoing basis, the Company evaluates its estimates, including, but not limited to, those related to product returns, sales and purchase rebates, accounts receivable, inventories, goodwill and other intangible assets, net assets of acquired businesses, income taxes, warranty and product recall obligations, self-insurance obligations, operating lease right-of-use assets and obligations, asset retirement obligations, long-lived assets, pension and post-retirement benefits, stock-based compensation, segment allocations, contingent consideration, environmental liabilities, contingencies, and litigation. The Company bases its estimates on historical experience, other available information, and various other assumptions believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities not readily apparent from other resources. Actual results and events could differ significantly from management estimates.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recently issued accounting pronouncements not yet adopted In December 2019, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, which simplifies the accounting for income taxes, eliminates certain exceptions within Accounting Standards Codification ("ASC") 740, Income Taxes, and clarifies certain aspects of the current guidance to promote consistency among reporting entities. The new standard is effective for fiscal years beginning after December 15, 2021. Most amendments within the standard are required to be applied on a prospective basis, while certain amendments must be applied on a retrospective or modified retrospective basis. The Company is evaluating the effect of adopting this new accounting guidance. Recently adopted accounting pronouncements In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment, which amends ASC 350, Intangibles - Goodwill and Other. This ASU simplifies how an entity is required to test goodwill for impairment by eliminating step 2 from the goodwill impairment test. Step 2 measures goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. The Company adopted this ASU effective January 1, 2020. The adoption did not have a material impact on its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which requires the Company to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions, and reasonable forecasts. This ASU replaced the previous incurred loss model and is applicable to the measurement of credit losses on financial assets, including trade receivables. The Company adopted this ASU effective January 1, 2020 using the modified retrospective transition method. The adoption did not have a material impact on the Company's consolidated financial statements.

Acquisitions, Goodwill And Ot_2

Acquisitions, Goodwill And Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2020
Acquisitions, Goodwill And Other Intangible Assets [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The acquisition of this business was preliminarily recorded as of the acquisition date as follows (in thousands) : Cash consideration, net of cash acquired $ 95,766 Contingent consideration 2,796 Total fair value of consideration given $ 98,562 Customer relationship and other identifiable intangible assets $ 53,674 Net tangible assets, excluding pension obligation 15,867 Unfunded pension benefit obligation (28,665) Total fair value of net assets acquired $ 40,876 Goodwill (not tax deductible) $ 57,686 (in thousands) : Preliminary at December 31, 2019 Measurement Period Adjustments As Adjusted at June 30, 2020 Cash consideration, net of cash acquired $ 337,640 $ (1,053) $ 336,587 Assets Acquired Accounts receivable $ 28,611 $ — $ 28,611 Inventories 88,765 (6,648) 82,117 Fixed assets 24,036 — 24,036 Customer relationship 112,000 (7,800) 104,200 Tradename and other identifiable intangible assets 37,705 (300) 37,405 Operating lease right-of-use assets 27,925 — 27,925 Other tangible assets 4,060 (1,550) 2,510 Liabilities Assumed Accounts payable (18,577) — (18,577) Current portion of operating lease obligations (5,360) — (5,360) Accrued expenses and other current liabilities (10,002) — (10,002) Operating lease obligations (22,565) — (22,565) Deferred taxes (31,877) 1,752 (30,125) Total fair value of net assets acquired $ 234,721 $ (14,546) $ 220,175 Goodwill (not tax deductible) $ 102,919 $ 13,493 $ 116,412 The acquisition of this business was recorded, as updated, on the acquisition date as follows (in thousands) : Preliminary at December 31, 2019 Measurement Period Adjustments As Adjusted at June 30, 2020 Cash consideration, net of cash acquired $ 43,224 $ — $ 43,224 Customer relationship and other identifiable intangible assets $ 19,580 $ 2,170 $ 21,750 Net tangible assets 3,286 (705) 2,581 Total fair value of net assets acquired $ 22,866 $ 1,465 $ 24,331 Goodwill (not tax deductible) $ 20,358 $ (1,465) $ 18,893
Schedule of Goodwill	Goodwill by reportable segment was as follows: (In thousands) OEM Segment Aftermarket Segment Total Net balance – December 31, 2019 $ 215,620 $ 135,494 $ 351,114 Acquisitions – 2020 57,686 — 57,686 Measurement period adjustments (2,346) 12,613 10,267 Foreign currency translations 70 (298) (228) Net balance – June 30, 2020 $ 271,030 $ 147,809 $ 418,839
Schedule of Other Intangible Assets	Other intangible assets consisted of the following at June 30, 2020: (In thousands) Gross Accumulated Net Estimated Useful Customer relationships $ 345,491 $ 81,947 $ 263,544 6 to 16 Patents 87,622 46,707 40,915 3 to 19 Trade names (finite life) 61,092 9,369 51,723 3 to 20 Trade names (indefinite life) 7,600 — 7,600 Indefinite Non-compete agreements 6,379 4,256 2,123 3 to 6 Other 309 186 123 2 to 12 Purchased research and development 4,687 — 4,687 Indefinite Other intangible assets $ 513,180 $ 142,465 $ 370,715 Other intangible assets consisted of the following at December 31, 2019: (In thousands) Gross Accumulated Net Estimated Useful Customer relationships $ 319,934 $ 69,008 $ 250,926 6 to 16 Patents 76,206 44,611 31,595 3 to 19 Trade names (finite life) 50,917 7,086 43,831 3 to 20 Trade names (indefinite life) 7,600 — 7,600 Indefinite Non-compete agreements 7,598 4,947 2,651 3 to 6 Other 309 173 136 2 to 12 Purchased research and development 4,687 — 4,687 Indefinite Other intangible assets $ 467,251 $ 125,825 $ 341,426

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Schedule Of Inventories	Inventories are stated at the lower of cost (first-in, first-out (FIFO) method) or net realizable value. Cost includes material, labor, and overhead. Inventories consisted of the following at: June 30, December 31, (In thousands) 2020 2019 Raw materials $ 213,558 $ 256,850 Work in process 18,150 23,653 Finished goods 97,278 113,104 Inventories, net $ 328,986 $ 393,607

Fixed Assets (Tables)

Fixed Assets (Tables)	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Schedule Of Fixed Assets	Fixed assets consisted of the following at: June 30, December 31, (In thousands) 2020 2019 Fixed assets, at cost $ 702,032 $ 678,367 Less accumulated depreciation and amortization 337,075 312,058 Fixed assets, net $ 364,957 $ 366,309

Accrued Expenses And Other Cu_2

Accrued Expenses And Other Current Liabilities (Tables)	6 Months Ended
	Jun. 30, 2020
Payables and Accruals [Abstract]
Schedule Of Accrued Expenses And Other Current Liabilities	Accrued expenses and other current liabilities consisted of the following at: June 30, December 31, (In thousands) 2020 2019 Employee compensation and benefits $ 50,222 $ 45,612 Current portion of accrued warranty 28,328 29,898 Customer rebates 14,604 14,129 Other 47,785 42,781 Accrued expenses and other current liabilities $ 140,939 $ 132,420
Schedule Of Reconciliation Of The Activity Related To Accrued Warranty	The following table provides a reconciliation of the activity related to the Company’s accrued warranty, including both the current and long-term portions, for the six months ended June 30: (In thousands) 2020 2019 Balance at beginning of period $ 47,167 $ 46,530 Provision for warranty expense 8,358 19,958 Warranty costs paid (10,916) (14,588) Balance at end of period 44,609 51,900 Less long-term portion 16,281 15,140 Current portion of accrued warranty at end of period $ 28,328 $ 36,760

Long-Term Indebtedness (Tables)

Long-Term Indebtedness (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term indebtedness consisted of the following at: June 30, December 31, (In thousands) 2020 2019 Revolving Credit Loan $ 346,084 $ 266,214 Term Loan 292,500 300,000 Shelf-Loan Facility 50,000 50,000 Other 15,052 16,349 Unamortized deferred financing fees (1,512) (1,774) 702,124 630,789 Less current portion (20,882) (17,883) Long-term indebtedness $ 681,242 $ 612,906

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Components of Lease Cost	The components of lease cost were as follows: Three Months Ended Six Months Ended (in thousands) 2020 2019 2020 2019 Operating lease cost $ 8,154 $ 5,873 $ 15,976 $ 10,782 Short-term lease cost 391 676 1,269 1,474 Variable lease cost 526 424 1,147 830 Total lease cost $ 9,071 $ 6,973 $ 18,392 $ 13,086

Commitments And Contingencies (

Commitments And Contingencies (Tables)	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Reconciliation Of Contingent Consideration Liability	The following table provides a reconciliation of the Company’s contingent consideration liability for the six months ended June 30, 2020: (In thousands) Balance at beginning of period $ 4,396 Acquisitions 2,796 Payments (7) Accretion (a) 416 Fair value adjustments (a) (b) (1,769) Net foreign currency translation adjustment 11 Balance at end of the period (c) 5,843 Less current portion in accrued expenses and other current liabilities (3,898) Total long-term portion in other long-term liabilities $ 1,945 (a) Recorded in selling, general and administrative expenses in the Condensed Consolidated Statements of Income. (b) Includes adjustments to assumptions on weighted average cost of capital and relevant sales projections. (c) Amount represents the fair value of estimated remaining payments. The total estimated remaining undiscounted payments as of June 30, 2020 were $7.3 million. The liability for contingent consideration expires at various dates through September 2029. Certain of the contingent consideration arrangements are subject to a maximum payment amount, while the remaining arrangements have no maximum contingent consideration.

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2020
Stockholders' Equity Note [Abstract]
Summary Of Common Stock Information	The following table summarizes information about shares of the Company’s common stock at: June 30, December 31, (In thousands) 2020 2019 Common stock authorized 75,000 75,000 Common stock issued 28,237 28,133 Treasury stock 3,087 3,087
Schedule Of Computation Of Basic And Diluted Earnings Per Share	The following reconciliation details the denominator used in the computation of basic and diluted earnings per share for the periods indicated: Three Months Ended Six Months Ended (In thousands) 2020 2019 2020 2019 Weighted average shares outstanding for basic earnings per share 25,150 25,024 25,108 24,963 Common stock equivalents pertaining to stock-based awards 69 67 69 42 Weighted average shares outstanding for diluted earnings per share 25,219 25,091 25,177 25,005 Equity instruments excluded from diluted net earnings per share calculation as the effect would have been anti-dilutive 110 122 109 122
Schedule of Dividends Declared	The table below summarizes the regular quarterly dividends declared and paid during the periods ended June 30, 2020 and December 31, 2019: (In thousands, except per share data) Per Share Record Date Payment Date Total Paid First Quarter 2019 $ 0.60 03/08/19 03/22/19 $ 14,999 Second Quarter 2019 0.65 06/07/19 06/21/19 16,267 Third Quarter 2019 0.65 09/06/19 09/20/19 16,267 Fourth Quarter 2019 0.65 12/06/19 12/20/19 16,280 Total 2019 $ 2.55 $ 63,813 First Quarter 2020 $ 0.65 03/06/20 03/20/20 $ 16,321 Second Quarter 2020 0.65 06/05/20 06/19/20 16,349 Total 2020 $ 1.30 $ 32,670
Deferred And Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Awards and Units Activity	Transactions in DSUs and RSUs under the LCI Industries Equity Award and Incentive Plan, as Amended and Restated (“the 2011 Plan”) or the 2018 Plan, as applicable, are summarized as follows: Number of Shares Weighted Average Price Outstanding at December 31, 2019 346,148 $ 87.54 Issued 3,214 82.40 Granted 150,104 97.68 Dividend equivalents 5,829 77.72 Forfeited (5,158) 92.33 Vested (147,727) 87.07 Outstanding at June 30, 2020 352,410 $ 90.17
Stock Awards and Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Awards and Units Activity	Transactions in performance-based stock awards and PSUs under the 2011 Plan or the 2018 Plan, as applicable, are summarized as follows: Number of Shares Weighted Average Price Outstanding at December 31, 2019 129,128 $ 96.21 Granted 57,333 96.55 Dividend equivalents 1,809 77.76 Forfeited (73,581) 107.91 Vested (5,152) 100.46 Outstanding at June 30, 2020 109,537 $ 87.92

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Assets And Liabilities Measured At Fair Value On A Recurring Basis	The following table presents the Company’s liabilities measured at fair value on a recurring basis at: June 30, 2020 December 31, 2019 (In thousands) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Liabilities Contingent consideration $ 5,843 $ — $ — 5,843 $ 4,396 $ — $ — $ 4,396

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Disaggregation of Revenue	The following tables present the Company’s revenues disaggregated by segment and geography based on the billing address of the Company’s customers: Three Months Ended June 30, 2020 Three Months Ended June 30, 2019 (In thousands) U.S. (a) Int’l (b) Total U.S. (a) Int’l (b) Total OEM Segment: RV OEMs: Travel trailers and fifth-wheels $ 204,977 $ 7,541 $ 212,518 $ 340,025 $ 3,026 $ 343,051 Motorhomes 13,505 11,208 24,713 28,943 12,414 41,357 Adjacent Industries OEMs 108,554 22,027 130,581 155,754 13,206 168,960 Total OEM Segment net sales 327,036 40,776 367,812 524,722 28,646 553,368 Aftermarket Segment: Total Aftermarket Segment net sales 154,671 3,282 157,953 72,870 2,830 75,700 Total net sales $ 481,707 $ 44,058 $ 525,765 $ 597,592 $ 31,476 $ 629,068 Six Months Ended June 30, 2020 Six Months Ended June 30, 2019 (In thousands) U.S. (a) Int’l (b) Total U.S. (a) Int’l (b) Total OEM Segment: RV OEMs: Travel trailers and fifth-wheels $ 508,659 $ 10,967 $ 519,626 $ 653,392 $ 6,530 $ 659,922 Motorhomes 40,419 22,381 62,800 60,864 25,493 86,357 Adjacent Industries OEMs 255,155 62,588 317,743 312,490 26,379 338,869 Total OEM Segment net sales 804,233 95,936 900,169 1,026,746 58,402 1,085,148 Aftermarket Segment: Total Aftermarket Segment net sales 276,289 8,977 285,266 129,402 6,690 136,092 Total net sales $ 1,080,522 $ 104,913 $ 1,185,435 $ 1,156,148 $ 65,092 $ 1,221,240
Schedule Of Information Relating To Segments	The following table presents the Company’s operating profit by segment: Three Months Ended Six Months Ended (In thousands) 2020 2019 2020 2019 Operating profit: OEM Segment $ 1,763 $ 52,679 $ 44,952 $ 93,087 Aftermarket Segment 19,019 12,978 20,096 20,325 Total operating profit $ 20,782 $ 65,657 $ 65,048 $ 113,412
Revenue Disaggregated by Product	The following table presents the Company’s revenue disaggregated by product: Three Months Ended Six Months Ended (In thousands) 2020 2019 2020 2019 OEM Segment: Chassis, chassis parts, and slide-out mechanisms $ 131,540 $ 213,209 $ 333,803 $ 417,592 Windows and doors 109,696 156,064 265,727 307,983 Furniture and mattresses 57,662 93,562 144,842 184,919 Axles and suspension solutions 25,606 33,957 60,742 66,192 Other 43,308 56,576 95,055 108,462 Total OEM Segment net sales 367,812 553,368 900,169 1,085,148 Total Aftermarket Segment net sales 157,953 75,700 285,266 136,092 Total net sales $ 525,765 $ 629,068 $ 1,185,435 $ 1,221,240

Basis of Presentation (Details)

Basis of Presentation (Details)	Jun. 30, 2020
Manufacturing Facility
Property, Plant and Equipment
Manufacturing Facilities	90

Acquisitions, Goodwill And Ot_3

Acquisitions, Goodwill And Other Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended			3 Months Ended	6 Months Ended
	Jan. 31, 2020	Dec. 31, 2019	Aug. 31, 2019	Mar. 31, 2020	Jun. 30, 2020	Jun. 30, 2019
Business Acquisition [Line Items]
Cash consideration, net of cash acquired					$ 94,713	$ 8,530
Benefit obligation measurement, discount rate					1.20%
Benefit obligation measurement, expected rate of return on plan assets					1.20%
Benefit obligation measurement, wage inflation					2.00%
Minimum
Business Acquisition [Line Items]
Benefit obligation measurement, expected indexation					0.00%
Maximum
Business Acquisition [Line Items]
Benefit obligation measurement, expected indexation					2.00%
Polyplastic
Business Acquisition [Line Items]
Percentage of interests acquired	100.00%
Cash consideration, net of cash acquired	$ 95,766
Contingent consideration maximum	$ 7,700
Acquired intangible assets useful life	15 years
Total fair value of consideration given	$ 98,562
CURT
Business Acquisition [Line Items]
Percentage of interests acquired		100.00%
Cash consideration, net of cash acquired		$ 337,640			$ 336,587
CURT | Minimum
Business Acquisition [Line Items]
Acquired intangible assets useful life		16 years
CURT | Maximum
Business Acquisition [Line Items]
Acquired intangible assets useful life		20 years
Lewmar Marine Limited
Business Acquisition [Line Items]
Percentage of interests acquired			100.00%
Cash consideration, net of cash acquired				$ 43,224	$ 43,224
Total fair value of consideration given			$ 43,200
Lewmar Marine Limited | Customer Relationships
Business Acquisition [Line Items]
Acquired intangible assets useful life			15 years

Acquisitions, Goodwill And Ot_4

Acquisitions, Goodwill And Other Intangible Assets (Schedule Of Business Acquisitions) (Details) - USD ($) $ in Thousands	1 Months Ended			3 Months Ended	6 Months Ended
	Jan. 31, 2020	Dec. 31, 2019	Aug. 31, 2019	Mar. 31, 2020	Jun. 30, 2020	Jun. 30, 2019
Business Acquisition [Line Items]
Cash consideration, net of cash acquired					$ 94,713	$ 8,530
Goodwill		$ 351,114			418,839
Measurement Period Adjustments
Goodwill (not tax deductible)					10,267
Polyplastic
Business Acquisition [Line Items]
Cash consideration, net of cash acquired	$ 95,766
Contingent consideration	2,796
Total fair value of consideration given	98,562
Identifiable intangible assets	53,674
Net tangible assets	15,867
Accrued expenses and other current liabilities	(28,665)
Total fair value of net assets acquired	40,876
Goodwill	$ 57,686
CURT
Business Acquisition [Line Items]
Cash consideration, net of cash acquired		337,640			336,587
Accounts receivable		28,611			28,611
Inventories		88,765			82,117
Fixed assets		24,036			24,036
Operating lease right-of-use assets		27,925			27,925
Other tangible assets		4,060			2,510
Accounts payable		(18,577)			(18,577)
Current portion of operating lease obligations		(5,360)			(5,360)
Accrued expenses and other current liabilities		(10,002)			(10,002)
Operating lease obligations		(22,565)			(22,565)
Deferred taxes		(31,877)			(30,125)
Total fair value of net assets acquired		234,721			220,175
Goodwill		102,919			116,412
Measurement Period Adjustments
Cash consideration, net of cash acquired					(1,053)
Inventories					(6,648)
Other tangible assets					(1,550)
Deferred taxes					1,752
Total fair value of net assets acquired					(14,546)
Goodwill (not tax deductible)					13,493
CURT | Customer Relationships
Business Acquisition [Line Items]
Identifiable intangible assets		112,000			104,200
Measurement Period Adjustments
Intangible assets					(7,800)
CURT | Tradenames
Business Acquisition [Line Items]
Identifiable intangible assets		37,705			37,405
Measurement Period Adjustments
Intangible assets					(300)
Lewmar Marine Limited
Business Acquisition [Line Items]
Cash consideration, net of cash acquired				$ 43,224	43,224
Total fair value of consideration given			$ 43,200
Identifiable intangible assets		19,580			21,750
Net tangible assets		3,286			2,581
Total fair value of net assets acquired		22,866			24,331
Goodwill		$ 20,358			18,893
Measurement Period Adjustments
Intangible assets					2,170
Other tangible assets					(705)
Total fair value of net assets acquired					1,465
Goodwill (not tax deductible)					$ (1,465)

Acquisitions, Goodwill And Ot_5

Acquisitions, Goodwill And Other Intangible Assets (Schedule Of Goodwill By Reportable Segment) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Segment Reporting Information
Net balance – beginning of period	$ 351,114
Acquisitions	57,686
Measurement period adjustments	10,267
Foreign currency translations	(228)
Net balance – end of period	418,839
OEM Segment
Segment Reporting Information
Net balance – beginning of period	215,620
Acquisitions	57,686
Measurement period adjustments	(2,346)
Foreign currency translations	70
Net balance – end of period	271,030
Aftermarket Segment
Segment Reporting Information
Net balance – beginning of period	135,494
Acquisitions	0
Measurement period adjustments	12,613
Foreign currency translations	(298)
Net balance – end of period	$ 147,809

Acquisitions, Goodwill And Ot_6

Acquisitions, Goodwill And Other Intangible Assets (Schedule Of Other Intangible Assets) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Acquired Intangible Assets
Accumulated Amortization		$ 142,465	$ 125,825
Intangible Assets, Gross (Excluding Goodwill)		513,180	467,251
Intangible Assets, Net (Excluding Goodwill)		370,715	341,426
Tradenames
Acquired Intangible Assets
Indefinite-Lived Intangible Assets		7,600	7,600
Purchased research and development
Acquired Intangible Assets
Indefinite-Lived Intangible Assets		4,687	4,687
Customer Relationships
Acquired Intangible Assets
Finite-Lived Intangible Assets, Gross		345,491	319,934
Accumulated Amortization		81,947	69,008
Net Balance		$ 263,544	250,926
Customer Relationships | Minimum
Acquired Intangible Assets
Estimated Useful Life in Years	6 years	6 years
Customer Relationships | Maximum
Acquired Intangible Assets
Estimated Useful Life in Years	16 years	16 years
Patents
Acquired Intangible Assets
Finite-Lived Intangible Assets, Gross		$ 87,622	76,206
Accumulated Amortization		46,707	44,611
Net Balance		$ 40,915	31,595
Patents | Minimum
Acquired Intangible Assets
Estimated Useful Life in Years	3 years	3 years
Patents | Maximum
Acquired Intangible Assets
Estimated Useful Life in Years	19 years	19 years
Tradenames
Acquired Intangible Assets
Finite-Lived Intangible Assets, Gross		$ 61,092	50,917
Accumulated Amortization		9,369	7,086
Net Balance		$ 51,723	43,831
Tradenames | Minimum
Acquired Intangible Assets
Estimated Useful Life in Years	3 years	3 years
Tradenames | Maximum
Acquired Intangible Assets
Estimated Useful Life in Years	20 years	20 years
Non-compete Agreements
Acquired Intangible Assets
Finite-Lived Intangible Assets, Gross		$ 6,379	7,598
Accumulated Amortization		4,256	4,947
Net Balance		$ 2,123	2,651
Non-compete Agreements | Minimum
Acquired Intangible Assets
Estimated Useful Life in Years	3 years	3 years
Non-compete Agreements | Maximum
Acquired Intangible Assets
Estimated Useful Life in Years	6 years	6 years
Other
Acquired Intangible Assets
Finite-Lived Intangible Assets, Gross		$ 309	309
Accumulated Amortization		186	173
Net Balance		$ 123	$ 136
Other | Minimum
Acquired Intangible Assets
Estimated Useful Life in Years	2 years	2 years
Other | Maximum
Acquired Intangible Assets
Estimated Useful Life in Years	12 years	12 years

Inventories (Schedule Of Invent

Inventories (Schedule Of Inventories) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Raw materials	$ 213,558	$ 256,850
Work in process	18,150	23,653
Finished goods	97,278	113,104
Inventories, net	$ 328,986	$ 393,607

Fixed Assets (Schedule Of Fixed

Fixed Assets (Schedule Of Fixed Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Fixed assets, at cost	$ 702,032	$ 678,367
Less accumulated depreciation and amortization	337,075	312,058
Fixed assets, net	$ 364,957	$ 366,309

Accrued Expenses And Other Cu_3

Accrued Expenses And Other Current Liabilities (Schedule Of Accrued Expenses And Other Current Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Payables and Accruals [Abstract]
Employee compensation and benefits	$ 50,222	$ 45,612
Current portion of accrued warranty	28,328	29,898	$ 36,760
Customer rebates	14,604	14,129
Other	47,785	42,781
Accrued expenses and other current liabilities	$ 140,939	$ 132,420

Accrued Expenses And Other Cu_4

Accrued Expenses And Other Current Liabilities (Schedule Of Reconciliation Of The Activity Related To Accrued Warranty) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Balance at beginning of period	$ 47,167	$ 46,530
Provision for warranty expense	8,358	19,958
Warranty costs paid	(10,916)	(14,588)
Balance at end of period	44,609	51,900
Less long-term portion	16,281	15,140
Current portion of accrued warranty	$ 28,328	$ 36,760	$ 29,898

Long-Term Indebtedness (Schedul

Long-Term Indebtedness (Schedule of Long-term Debt) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Unamortized deferred financing fees	$ (1,512)	$ (1,774)
Long-term debt	702,124	630,789
Less current portion	(20,882)	(17,883)
Long-term debt, excluding current maturities	681,242	612,906
Line of Credit
Debt Instrument [Line Items]
Long-term debt, gross	346,084	266,214
Shelf Loan
Debt Instrument [Line Items]
Long-term debt, gross	50,000	50,000
Other
Debt Instrument [Line Items]
Long-term debt, gross	15,052	16,349
Medium-term Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 292,500	$ 300,000

Long-Term Indebtedness (Narrati

Long-Term Indebtedness (Narrative) (Details) € in Millions	Dec. 19, 2019USD ($)	Mar. 29, 2019USD ($)	Dec. 14, 2018USD ($)	Apr. 27, 2016USD ($)	Mar. 20, 2015USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2020EUR (€)	Dec. 31, 2019USD ($)	Nov. 11, 2019USD ($)	Feb. 24, 2014USD ($)
Line of Credit Facility
Long-term indebtedness						$ 681,242,000		$ 612,906,000
Borrowings						702,124,000		$ 630,789,000
Remaining availability under the facilities						401,200,000
Medium-term Notes
Line of Credit Facility
Debt Instrument, Face Amount	$ 300,000,000
Medium-term Notes | Period one
Line of Credit Facility
Debt term	2 years
Debt Instrument, Interest Rate, Stated Percentage	1.25%
Medium-term Notes | Period two
Line of Credit Facility
Debt Instrument, Interest Rate, Stated Percentage	1.875%
JPMorgan Chase Bank And Wells Fargo Bank | Line of Credit
Line of Credit Facility
Maximum borrowings under line of credit				$ 325,000,000
Long-term indebtedness			$ 250,000,000
Borrowings						146,100,000	€ 130
Letter of credit						2,700,000
Remaining availability under the facilities						$ 251,200,000
JPMorgan Chase Bank And Wells Fargo Bank | Line of Credit | Prime Rate
Line of Credit Facility
Basis spread on variable rate						1.00%
JPMorgan Chase Bank And Wells Fargo Bank | Line of Credit | Prime Rate | Minimum
Line of Credit Facility
Basis spread on variable rate						1.00%
Prudential Investment Management Inc | Line of Credit
Line of Credit Facility
Long-term indebtedness		$ 50,000,000			$ 50,000,000				$ 200,000,000
Remaining availability under the facilities										$ 150,000,000
Debt term		3 years			5 years
Interest rate during period		3.80%			3.35%
JPMorgan Chase Bank, N.A., Wells Fargo Bank, N.A., Bank of America, N.A., and 1st Source Bank | Line of Credit
Line of Credit Facility
Maximum borrowings under line of credit	$ 900,000,000		$ 600,000,000
Line of Credit Facility, Additional Maximum Borrowing Capacity Upon Approval	$ 300,000,000
Option One | JPMorgan Chase Bank, N.A., Wells Fargo Bank, N.A., Bank of America, N.A., and 1st Source Bank | Line of Credit | LIBOR | Minimum
Line of Credit Facility
Debt instrument, additional margin interest rate				0.00%		0.40%
Option One | JPMorgan Chase Bank, N.A., Wells Fargo Bank, N.A., Bank of America, N.A., and 1st Source Bank | Line of Credit | LIBOR | Maximum
Line of Credit Facility
Debt instrument, additional margin interest rate			0.625%
Option One | JPMorgan Chase Bank, N.A., Wells Fargo Bank, N.A., Bank of America, N.A., and 1st Source Bank | Line of Credit | Federal Funds Effective Rate
Line of Credit Facility
Basis spread on variable rate			0.50%
Option Two | JPMorgan Chase Bank, N.A., Wells Fargo Bank, N.A., Bank of America, N.A., and 1st Source Bank | Line of Credit | LIBOR | Maximum
Line of Credit Facility
Basis spread on variable rate			1.625%

Leases (Narrative) (Details)

Leases (Narrative) (Details)	Jun. 30, 2020
Leases [Abstract]
Term of contract	66 years

Leases (Components of Lease Cos

Leases (Components of Lease Cost) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Operating lease cost	$ 8,154	$ 5,873	$ 15,976	$ 10,782
Short-term lease cost	391	676	1,269	1,474
Variable lease cost	526	424	1,147	830
Total lease cost	$ 9,071	$ 6,973	$ 18,392	$ 13,086

Commitments And Contingencies_2

Commitments And Contingencies (Narrative) (Details) $ in Millions	1 Months Ended
	Jul. 31, 2015	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Contract Termination
Loss Contingencies
Receivables		$ 52	$ 40
Receivables, long-term		$ 34.7
Furrion Limited
Loss Contingencies
Long-term purchase commitment, time period	6 years
Weighted Average Cost of Capital
Loss Contingencies
Weighted average cost of capital		0.115

Commitments And Contingencies_3

Commitments And Contingencies (Reconciliation Of Contingent Consideration Liability) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Business Combination, Contingent Consideration, Reconciliation of Change in Liability [Roll Forward]
Balance at beginning of period	$ 4,396
Acquisitions	2,796
Payments	(7)
Accretion	416
Fair value adjustments	(1,769)
Net foreign currency translation adjustment	11
Balance at end of the period	5,843
Less current portion in accrued expenses and other current liabilities	(3,898)
Total long-term portion in other long-term liabilities	1,945
Contingent consideration, total remaining estimated payments	$ 7,300

Stockholders' Equity (Summary O

Stockholders' Equity (Summary Of Common Stock Information) (Details) - shares shares in Thousands	Jun. 30, 2020	Dec. 31, 2019
Stockholders' Equity Note [Abstract]
Common stock authorized (in shares)	75,000	75,000
Common stock issued (in shares)	28,237	28,133
Treasury stock (in shares)	3,087	3,087

Stockholders' Equity (Schedule

Stockholders' Equity (Schedule Of Computation Of Basic And Diluted Earnings Per Share) (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Stockholders' Equity Note [Abstract]
Weighted average shares outstanding for basic earnings per share (in shares)	25,150	25,024	25,108	24,963
Common stock equivalents pertaining to stock options and deferred stock units (in shares)	69	67	69	42
Weighted average shares outstanding for diluted earnings per share (in shares)	25,219	25,091	25,177	25,005
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	110	122	109	122

Stockholders' Equity (Summary_2

Stockholders' Equity (Summary of Regular Quarterly Dividend) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						6 Months Ended		12 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash dividend (in usd per share)	$ 0.65	$ 0.65	$ 0.65	$ 0.65	$ 0.65	$ 0.60	$ 1.30		$ 2.55
Payment of dividends							$ 32,670	$ 31,266
Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payment of dividends	$ 16,349	$ 16,321	$ 16,280	$ 16,267	$ 16,267	$ 14,999	$ 32,670		$ 63,813

Stockholders' Equity (Stock Awa

Stockholders' Equity (Stock Awards and Units Activity) (Details)	6 Months Ended
	Jun. 30, 2020$ / sharesshares
Deferred And Restricted Stock Units
Number of Shares
Outstanding at beginning of period (in shares) | shares	346,148
Issued (in shares) | shares	3,214
Granted (in shares) | shares	150,104
Dividend equivalents (in shares) | shares	5,829
Forfeited (in shares) | shares	(5,158)
Vested (in shares) | shares	(147,727)
Outstanding at end of period (in shares) | shares	352,410
Weighted Average Price
Outstanding at beginning of period (in usd per share) | $ / shares	$ 87.54
Issued (in usd per share) | $ / shares	82.40
Granted (in usd per share) | $ / shares	97.68
Dividend equivalents (in usd per share) | $ / shares	77.72
Forfeited (in usd per share) | $ / shares	92.33
Vested (in usd per share) | $ / shares	87.07
Outstanding at end of period (in usd per share) | $ / shares	$ 90.17
Stock Awards and Performance Stock Units
Number of Shares
Outstanding at beginning of period (in shares) | shares	129,128
Granted (in shares) | shares	57,333
Dividend equivalents (in shares) | shares	1,809
Forfeited (in shares) | shares	(73,581)
Vested (in shares) | shares	(5,152)
Outstanding at end of period (in shares) | shares	109,537
Weighted Average Price
Outstanding at beginning of period (in usd per share) | $ / shares	$ 96.21
Granted (in usd per share) | $ / shares	96.55
Dividend equivalents (in usd per share) | $ / shares	77.76
Forfeited (in usd per share) | $ / shares	107.91
Vested (in usd per share) | $ / shares	100.46
Outstanding at end of period (in usd per share) | $ / shares	$ 87.92

Fair Value Measurements (Assets

Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Liabilities
Contingent consideration	$ 5,843	$ 4,396
Level 1
Liabilities
Contingent consideration	0	0
Level 2
Liabilities
Contingent consideration	0	0
Level 3
Liabilities
Contingent consideration	$ 5,843	$ 4,396

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Number of years long-term sales growth forecasted over	6 years
Average long-term sales growth forecast, over next 4 years, percent per year	14.00%

Segment Reporting (Narrative) (

Segment Reporting (Narrative) (Details) - segment	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information
Number of reportable segments	2
Net sales | OEM Segment
Segment Reporting Information
Concentration risk, percentage	76.00%	89.00%
Net sales | Aftermarket Segment
Segment Reporting Information
Concentration risk, percentage	24.00%	11.00%
Product Concentration Risk | Net sales | Travel trailers and fifth-wheels
Segment Reporting Information
Concentration risk, percentage	58.00%

Segment Reporting (Disaggregati

Segment Reporting (Disaggregation of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Net sales	$ 525,765	$ 629,068	$ 1,185,435	$ 1,221,240
OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	367,812	553,368	900,169	1,085,148
Travel trailers and fifth-wheels
Disaggregation of Revenue [Line Items]
Net sales	212,518	343,051	519,626	659,922
Motorhomes
Disaggregation of Revenue [Line Items]
Net sales	24,713	41,357	62,800	86,357
Adjacent industries OEMs
Disaggregation of Revenue [Line Items]
Net sales	130,581	168,960	317,743	338,869
Aftermarket Segment
Disaggregation of Revenue [Line Items]
Net sales	157,953	75,700	285,266	136,092
Chassis, chassis parts and slide-out mechanisms | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	131,540	213,209	333,803	417,592
Windows and doors | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	109,696	156,064	265,727	307,983
Furniture and mattresses | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	57,662	93,562	144,842	184,919
Axles and suspension solutions | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	25,606	33,957	60,742	66,192
Other | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	43,308	56,576	95,055	108,462
U.S.
Disaggregation of Revenue [Line Items]
Net sales	481,707	597,592	1,080,522	1,156,148
U.S. | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	327,036	524,722	804,233	1,026,746
U.S. | Travel trailers and fifth-wheels
Disaggregation of Revenue [Line Items]
Net sales	204,977	340,025	508,659	653,392
U.S. | Motorhomes
Disaggregation of Revenue [Line Items]
Net sales	13,505	28,943	40,419	60,864
U.S. | Adjacent industries OEMs
Disaggregation of Revenue [Line Items]
Net sales	108,554	155,754	255,155	312,490
U.S. | Aftermarket Segment
Disaggregation of Revenue [Line Items]
Net sales	154,671	72,870	276,289	129,402
International
Disaggregation of Revenue [Line Items]
Net sales	44,058	31,476	104,913	65,092
International | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	40,776	28,646	95,936	58,402
International | Travel trailers and fifth-wheels
Disaggregation of Revenue [Line Items]
Net sales	7,541	3,026	10,967	6,530
International | Motorhomes
Disaggregation of Revenue [Line Items]
Net sales	11,208	12,414	22,381	25,493
International | Adjacent industries OEMs
Disaggregation of Revenue [Line Items]
Net sales	22,027	13,206	62,588	26,379
International | Aftermarket Segment
Disaggregation of Revenue [Line Items]
Net sales	$ 3,282	$ 2,830	$ 8,977	$ 6,690

Segment Reporting (Schedule of

Segment Reporting (Schedule of Operating Profit by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information
Operating profit	$ 20,782	$ 65,657	$ 65,048	$ 113,412
Operating Segments | OEM Segment
Segment Reporting Information
Operating profit	1,763	52,679	44,952	93,087
Operating Segments | Aftermarket Segment
Segment Reporting Information
Operating profit	$ 19,019	$ 12,978	$ 20,096	$ 20,325