LCI Industries (LCII) 10-Q 2 Aug 22 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2022	Jul. 29, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
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	2022
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		25,429,715

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Net sales	$ 1,536,150	$ 1,093,720	$ 3,180,718	$ 2,093,978
Cost of sales	1,127,065	836,109	2,307,390	1,594,590
Gross profit	409,085	257,611	873,328	499,388
Selling, general and administrative expenses	190,296	163,629	384,838	303,975
Operating profit	218,789	93,982	488,490	195,413
Interest expense, net	6,191	3,472	12,443	6,177
Income before income taxes	212,598	90,510	476,047	189,236
Provision for income taxes	58,068	22,621	125,336	47,227
Net income	$ 154,530	$ 67,889	$ 350,711	$ 142,009
Net income per common share:
Basic (in usd per share)	$ 6.07	$ 2.69	$ 13.82	$ 5.63
Diluted (in usd per share)	$ 6.06	$ 2.67	$ 13.76	$ 5.60
Weighted average common shares outstanding:
Basic (in shares)	25,438	25,275	25,377	25,230
Diluted (in shares)	25,518	25,385	25,483	25,351

Condensed Consolidated Statem_2

Condensed Consolidated Statement Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 154,530	$ 67,889	$ 350,711	$ 142,009
Other comprehensive (loss) income:
Net foreign currency translation adjustment	(13,688)	1,507	(16,570)	(2,082)
Actuarial gain on pension plans	13,985	933	13,985	933
Total comprehensive income	$ 154,827	$ 70,329	$ 348,126	$ 140,860

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 54,988	$ 62,896
Accounts receivable, net of allowances of $7,669 and $6,446 at June 30, 2022 and December 31, 2021, respectively	417,033	319,782
Inventories, net	1,155,171	1,095,907
Prepaid expenses and other current assets	70,510	88,300
Total current assets	1,697,702	1,566,885
Fixed assets, net	456,517	426,455
Goodwill	554,828	543,180
Other intangible assets, net	512,752	519,957
Operating lease right-of-use assets	203,221	164,618
Other long-term assets	57,676	66,999
Total assets	3,482,696	3,288,094
Current liabilities
Current maturities of long-term indebtedness	20,979	71,003
Accounts payable, trade	287,659	282,183
Current portion of operating lease obligations	34,167	30,592
Accrued expenses and other current liabilities	295,438	243,438
Total current liabilities	638,243	627,216
Long-term indebtedness	1,101,787	1,231,959
Operating lease obligations	179,854	143,436
Deferred taxes	28,376	43,184
Other long-term liabilities	140,079	149,424
Total liabilities	2,088,339	2,195,219
Stockholders’ equity
Common stock, par value $.01 per share	285	284
Paid-in capital	224,231	220,459
Retained earnings	1,231,089	930,795
Accumulated other comprehensive loss	(3,086)	(501)
Stockholders' equity before treasury stock	1,452,519	1,151,037
Treasury stock, at cost	(58,162)	(58,162)
Total stockholders' equity	1,394,357	1,092,875
Total liabilities and stockholders' equity	$ 3,482,696	$ 3,288,094

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Accounts receivable, allowances	$ 7,669	$ 6,446
Common stock, par value (in usd per share)	$ 0.01	$ 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, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Cash flows from operating activities:
Net income	$ 154,530	$ 196,181	$ 67,889	$ 74,120	$ 350,711	$ 142,009
Adjustments to reconcile net income to cash flows provided by operating activities:
Depreciation and amortization					63,719	51,270
Stock-based compensation expense					13,701	13,859
Deferred taxes					(2,401)	0
Other non-cash items					2,025	4,305
Changes in assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net					(95,479)	(142,489)
Inventories, net					(51,811)	(115,314)
Prepaid expenses and other assets					25,746	(16,401)
Accounts payable, trade					5,312	71,144
Accrued expenses and other liabilities					36,448	15,476
Net cash flows provided by operating activities					347,971	23,859
Cash flows from investing activities:
Capital expenditures					(70,837)	(42,005)
Acquisitions of businesses					(51,789)	(103,858)
Other investing activities					2,204	(566)
Net cash flows used in investing activities					(120,422)	(146,429)
Cash flows from financing activities:
Vesting of stock-based awards, net of shares tendered for payment of taxes					(10,773)	(7,925)
Proceeds from revolving credit facility					729,400	554,693
Repayments under revolving credit facility					(836,500)	(719,747)
Repayments under shelf loan, term loan, and other borrowings					(60,902)	(8,652)
Proceeds from issuance of convertible notes					0	460,000
Purchases of convertible note hedge contracts					0	(100,142)
Proceeds from issuance of warrants concurrent with note hedge contracts					0	48,484
Payment of debt issuance costs					(4)	(11,844)
Payment of dividends					(49,572)	(41,678)
Payment of contingent consideration and holdbacks related to acquisitions					(6,039)	(4,387)
Net cash flows (used in) provided by financing activities					(234,390)	168,802
Effect of exchange rate changes on cash and cash equivalents					(1,067)	(92)
Net (decrease) increase in cash and cash equivalents					(7,908)	46,140
Cash and cash equivalents at beginning of period		$ 62,896		$ 51,821	62,896	51,821	$ 51,821
Cash and cash equivalents cash at end of period	$ 54,988		$ 97,961		54,988	97,961	$ 62,896
Supplemental disclosure of cash flow information:
Cash paid during the period for interest					10,558	6,496
Cash paid during the period for income taxes, net of refunds					110,871	55,449
Purchase of property and equipment in accrued expenses					$ 3,157	$ 3,952

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, 2020	$ 908,326	$ 282	$ 227,407	$ 731,710	$ 7,089	$ (58,162)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	74,120			74,120
Issuance of shares of common stock pursuant to stock-based awards, net of shares tendered for payment of taxes	(7,767)	1	(7,768)
Stock-based compensation expense	7,436		7,436
Other comprehensive income (loss)	(3,589)				(3,589)
Cash dividends	(18,939)			(18,939)
Dividend equivalents on stock-based awards	0		325	(325)
Ending balance at Mar. 31, 2021	959,587	283	227,400	786,566	3,500	(58,162)
Beginning balance at Dec. 31, 2020	908,326	282	227,407	731,710	7,089	(58,162)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	142,009
Ending balance at Jun. 30, 2021	986,176	284	206,786	831,328	5,940	(58,162)
Beginning balance at Mar. 31, 2021	959,587	283	227,400	786,566	3,500	(58,162)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	67,889			67,889
Issuance of shares of common stock pursuant to stock-based awards, net of shares tendered for payment of taxes	(158)	1	(159)
Stock-based compensation expense	6,423		6,423
Other comprehensive income (loss)	2,440				2,440
Cash dividends	(22,739)			(22,739)
Dividend equivalents on stock-based awards	0		388	(388)
Ending balance at Jun. 30, 2021	986,176	284	206,786	831,328	5,940	(58,162)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adjustments to Additional Paid in Capital, Convertible Debt with Conversion Feature	(75,750)		(75,750)
Issuance of warrants	48,484		48,484
Beginning balance at Dec. 31, 2021	1,092,875	284	220,459	930,795	(501)	(58,162)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	196,181			196,181
Issuance of shares of common stock pursuant to stock-based awards, net of shares tendered for payment of taxes	(10,569)	1	(10,570)
Stock-based compensation expense	6,517		6,517
Other comprehensive income (loss)	(2,882)				(2,882)
Cash dividends	(22,870)			(22,870)
Dividend equivalents on stock-based awards	0		392	(392)
Ending balance at Mar. 31, 2022	1,259,252	285	216,798	1,103,714	(3,383)	(58,162)
Beginning balance at Dec. 31, 2021	1,092,875	284	220,459	930,795	(501)	(58,162)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	350,711
Ending balance at Jun. 30, 2022	1,394,357	285	224,231	1,231,089	(3,086)	(58,162)
Beginning balance at Mar. 31, 2022	1,259,252	285	216,798	1,103,714	(3,383)	(58,162)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	154,530			154,530
Issuance of shares of common stock pursuant to stock-based awards, net of shares tendered for payment of taxes	(204)	0	(204)
Stock-based compensation expense	7,184		7,184
Other comprehensive income (loss)	297				297
Cash dividends	(26,702)			(26,702)
Dividend equivalents on stock-based awards	0		453	(453)
Ending balance at Jun. 30, 2022	$ 1,394,357	$ 285	$ 224,231	$ 1,231,089	$ (3,086)	$ (58,162)

Condensed Consolidated Statem_5

Condensed Consolidated Statement Of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Issuance of common stock (in shares)	18,245	138,208	16,324	97,086
Cash dividend (in usd per share)	$ 1.05	$ 0.9	$ 0.9	$ 0.75

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2022
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," "LCI," or "Lippert"), 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, as well as direct to retail customers via the Internet. At June 30, 2022, the Company operated over 130 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, current and future seasonal industry trends have been, and may in the future be, different than in prior years due to various factors, including fluctuations in dealer inventories and the timing of dealer orders, the impact of international, national, and regional economic conditions and consumer confidence on retail sales of RVs and other products for which the Company sells its components, the impact of severe weather conditions on the timing of industry-wide shipments from time to time, as well as the coronavirus ("COVID-19") pandemic and related impacts. Additionally, many of the optional upgrades and non-critical replacement parts for RVs are purchased outside the normal product selling season, thereby causing Aftermarket Segment sales to be counter-seasonal, but this has been, and may in the future be, different as a result of the COVID-19 pandemic and related impacts. The Company is not aware of any significant events 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. All significant intercompany balances and transactions have been eliminated. 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. COVID-19 and Russia-Ukraine War Update The ongoing COVID-19 pandemic and the conflict between Russia and Ukraine (the "Russia-Ukraine War") have caused significant uncertainty and disruption in the global economy and financial markets. Management continues to closely monitor the impact of COVID-19 and the Russia-Ukraine War on all aspects of the business. The extent to which COVID-19 and/or the Russia-Ukraine War may impact the Company's liquidity, financial condition, and results of operations in the future remains uncertain.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
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, 2021 Annual Report on Form 10-K and should be read in conjunction with the Notes to Consolidated Financial Statements which appear in that report. There are no recent accounting pronouncements that have been issued and not yet adopted that are expected to have a material impact on our Condensed Consolidated Financial Statements.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	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) 2022 2021 2022 2021 Weighted average shares outstanding for basic earnings per share 25,438 25,275 25,377 25,230 Common stock equivalents pertaining to stock-based awards 80 110 106 121 Weighted average shares outstanding for diluted earnings per share 25,518 25,385 25,483 25,351 Equity instruments excluded from diluted net earnings per share calculation as the effect would have been antidilutive 112 139 111 143 For the Company's 1.125 percent convertible senior notes due 2026 (the "Convertible Notes") issued in May 2021, the dilutive effect is calculated using the if-converted method. The Company is required, pursuant to the indenture governing the Convertible Notes, dated May 13, 2021, by and between the Company and U.S. Bank National Association, as trustee (the "Indenture"), to settle the principal amount of the Convertible Notes in cash and may elect to settle the remaining conversion obligation (i.e., the stock price in excess of the conversion price) in cash, shares of the Company's common stock, or a combination thereof. Under the if-converted method, the Company includes the number of shares required to satisfy the conversion obligation, assuming all the Convertible Notes are converted. Because the average closing price of the Company's common stock for the six months ended June 30, 2022, which is used as the basis for determining the dilutive effect on earnings per share, was less than the conversion price of $165.65, all associated shares were antidilutive. In conjunction with the issuance of the Convertible Notes, the Company, in privately negotiated transactions with certain commercial banks (the "Counterparties") sold warrants to purchase 2.8 million shares of the Company's common stock (the "Warrants"). The Warrants have a strike price of $259.84 per share, subject to customary anti-dilution adjustments. For calculating the dilutive effect of the Warrants, the Company uses the treasury stock method. With this method, the Company assumes exercise of the Warrants at the beginning of the period, or at time of issuance if later, and issuance of common shares upon exercise. Proceeds from the exercise of the Warrants are assumed to be used to repurchase shares of the Company's common stock at the average market price during the period. The incremental shares, representing the number of shares assumed to be received upon the exercise of the Warrants less the number of shares repurchased, are included in diluted shares. For the six months ended June 30, 2022, the average share price was below the Warrant strike price of $259.84 per share, and therefore 2.8 million shares were considered antidilutive.

Acquisitions, Goodwill And Othe

Acquisitions, Goodwill And Other Intangible Assets	6 Months Ended
	Jun. 30, 2022
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, 2022 Girard In March 2022, the Company acquired substantially all of the business assets of Girard Systems and Girard Products LLC (collectively "Girard"), a manufacturer and distributor of proprietary awnings and tankless water heaters for OEMs and aftermarket customers in the RV, specialty vehicle, and related industries. The total fair value of consideration was approximately $70.0 million. The Company paid $50.0 million in cash consideration at closing, with $20.0 million paid on July 1, 2022. The deferred acquisition fixed payment was recorded on the Condensed Consolidated Balance Sheet in accrued expenses and other current liabilities at June 30, 2022. The purchase price is subject to customary adjustments for working capital. The results of the acquired business have been included in the Condensed Consolidated Statements of Income since the acquisition date, in both the Company's OEM and Aftermarket Segments. As the operations of this acquisition are 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 in the process of determining the fair value of the assets acquired and liabilities assumed for the opening balance sheet, including net working capital, deferred taxes, and the fair value of intangible assets. The current estimates for intangible assets are based on a preliminary valuation and these estimates are subject to change when the valuation is finalized within the measurement period (not to exceed 12 months from the acquisition date). The acquisition of this business was preliminarily recorded, as updated, as of the acquisition date as follows (in thousands) : Cash consideration $ 50,000 Fixed deferred consideration 20,000 Total fair value of consideration given $ 70,000 Identifiable intangible assets $ 45,020 Other assets acquired and liabilities assumed, net 13,673 Total fair value of net assets acquired $ 58,693 Goodwill (tax deductible) $ 11,307 The consideration given was greater than the fair value of the net assets acquired, resulting in goodwill. Other Acquisitions in 2022 During the six months ended June 30, 2022, the Company completed one other acquisition for $1.7 million of cash purchase consideration. The preliminary purchase price allocation resulted in $0.8 million of goodwill (tax deductible). As this acquisition 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. Acquisitions with Measurement Period Adjustments During the Six Months Ended June 30, 2022 Exertis In October 2021, the Company acquired certain business assets of Stampede Presentation Products, Inc. d/b/a Exertis ("Exertis"), a global distribution company, in exchange for $39.7 million. The acquisition qualifies as a business combination for accounting purposes and supports the acquisition of Furrion Holdings Limited ("Furrion") by allowing the Company to provide logistics and warehousing to serve Furrion's North American customer base. 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 operations of this acquisition are 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 had a pre-existing relationship with Exertis where Exertis had a prepaid asset and the Company had an equal and offsetting deferred revenue liability of $24.8 million, which was effectively settled immediately prior to the business combination. No gain or loss was recognized in the effective settlement of the deferred revenue liability. During the six months ended June 30, 2022, the Company adjusted the preliminary purchase price allocation reported at December 31, 2021 to account for updates to 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 for net working capital and the fair value of intangible assets as additional information is obtained within the measurement period (not to exceed 12 months from the acquisition date). Furrion In September 2021, the Company acquired 100 percent of the share capital of Furrion, a leading distributor of a large range of appliances and other products to OEMs and aftermarket customers in the RV, specialty vehicle, utility trailer, horse trailer, marine, transit bus, and school bus industries. The total fair value of consideration, net of cash acquired, was approximately $146.7 million. The Company paid $50.5 million in cash consideration at closing, net of cash acquired, with fixed payments of $31.3 million due on each of the first and second anniversaries of the acquisition in September 2022 and September 2023. The deferred acquisition fixed payments are recorded at their respective discounted present values in the Condensed Consolidated Balance Sheet in accrued expenses and other current liabilities and other long-term liabilities at June 30, 2022. In 2019, the Company and Furrion agreed to terminate an exclusive distribution and supply agreement and transition all sale and distribution of Furrion products then handled by the Company to Furrion. Effective January 1, 2020, Furrion took responsibility 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 the date of the Furrion acquisition in September 2021, the Company had a receivable balance of $35.0 million (the "Receivable from Furrion") and Furrion had a corresponding payable balance. In direct connection with the acquisition negotiations, the receivable and payable were effectively settled in the acquisition and the receivable balance is included within the approximate $146.7 million of consideration transferred. No gain or loss was recognized in the effective settlement of the Receivable from Furrion. The results of the acquired business have been included in the Condensed Consolidated Statements of Income since the acquisition date, in both the Company's OEM and Aftermarket Segments. As this acquisition 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, 2022, the Company adjusted the preliminary purchase price allocation reported at December 31, 2021 to account for updates to net working capital, intangible assets, and fixed asset 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 Company is in the process of determining the fair value of the assets acquired and liabilities assumed for the opening balance sheet, including the evaluation of technical tax matters regarding the transaction, and evaluating the various assumptions and forecasts which drove the purchase price allocation which could impact the fair value of intangible assets. The current estimates for intangible assets are based on a preliminary valuation and these estimates are subject to change when the valuation is finalized within the measurement period (not to exceed 12 months from the acquisition date). The acquisition of this business was preliminarily recorded, as updated, as of the acquisition date as follows (in thousands) : Preliminary at December 31, 2021 Measurement Period Adjustments As Adjusted at June 30, 2022 Cash consideration, net of cash acquired $ 50,534 $ — $ 50,534 Effective settlement of Receivable from Furrion 34,956 — 34,956 Discounted value of fixed deferred consideration 61,191 — 61,191 Total fair value of consideration given $ 146,681 $ — $ 146,681 Customer relationships $ 66,300 $ (10,600) $ 55,700 Other identifiable intangible assets 43,900 (1,200) 42,700 Other assets acquired and liabilities assumed, net (9,518) 1,841 (7,677) Total fair value of net assets acquired $ 100,682 $ (9,959) $ 90,723 Goodwill (tax deductible) $ 45,999 $ 9,959 $ 55,958 Schaudt In April 2021, the Company acquired 100 percent of the equity interests of Schaudt GmbH Elektrotechnik & Apparatebau ("Schaudt"), a leading supplier of electronic controls and energy management systems for the European caravan industry located in Markdorf, Germany. The purchase price was approximately $29.4 million. 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 operations of this acquisition are 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, 2022, the Company adjusted and finalized the preliminary purchase price allocation reported at December 31, 2021 to account for updates to net working capital and fixed asset 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. Goodwill Changes in the carrying amount of goodwill by reportable segment were as follows: (In thousands) OEM Segment Aftermarket Segment Total Net balance – December 31, 2021 $ 379,463 $ 163,717 $ 543,180 Acquisitions – 2022 10,284 1,809 12,093 Measurement period adjustments 8,871 1,092 9,963 Foreign currency translation (9,503) (905) (10,408) Net balance – June 30, 2022 $ 389,115 $ 165,713 $ 554,828 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, 2022: (In thousands) Gross Accumulated Net Estimated Useful Customer relationships $ 506,528 $ 144,573 $ 361,955 6 to 17 Patents 120,262 57,894 62,368 3 to 20 Trade names (finite life) 93,703 17,979 75,724 3 to 20 Trade names (indefinite life) 7,600 — 7,600 Indefinite Non-compete agreements 11,582 6,566 5,016 3 to 6 Other 309 220 89 2 to 12 Other intangible assets $ 739,984 $ 227,232 $ 512,752 Other intangible assets consisted of the following at December 31, 2021: (In thousands) Gross Accumulated Net Estimated Useful Customer relationships $ 487,853 $ 127,048 $ 360,805 6 to 17 Patents 116,725 53,479 63,246 3 to 20 Trade names (finite life) 93,994 16,497 77,497 3 to 20 Trade names (indefinite life) 7,600 — 7,600 Indefinite Non-compete agreements 11,464 5,439 6,025 3 to 6 Other 309 212 97 2 to 12 Purchased research and development 4,687 — 4,687 Indefinite Other intangible assets $ 722,632 $ 202,675 $ 519,957
Acquisitions, Goodwill And Other Intangible Assets	ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS Acquisitions Completed During the Six Months Ended June 30, 2022 Girard In March 2022, the Company acquired substantially all of the business assets of Girard Systems and Girard Products LLC (collectively "Girard"), a manufacturer and distributor of proprietary awnings and tankless water heaters for OEMs and aftermarket customers in the RV, specialty vehicle, and related industries. The total fair value of consideration was approximately $70.0 million. The Company paid $50.0 million in cash consideration at closing, with $20.0 million paid on July 1, 2022. The deferred acquisition fixed payment was recorded on the Condensed Consolidated Balance Sheet in accrued expenses and other current liabilities at June 30, 2022. The purchase price is subject to customary adjustments for working capital. The results of the acquired business have been included in the Condensed Consolidated Statements of Income since the acquisition date, in both the Company's OEM and Aftermarket Segments. As the operations of this acquisition are 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 in the process of determining the fair value of the assets acquired and liabilities assumed for the opening balance sheet, including net working capital, deferred taxes, and the fair value of intangible assets. The current estimates for intangible assets are based on a preliminary valuation and these estimates are subject to change when the valuation is finalized within the measurement period (not to exceed 12 months from the acquisition date). The acquisition of this business was preliminarily recorded, as updated, as of the acquisition date as follows (in thousands) : Cash consideration $ 50,000 Fixed deferred consideration 20,000 Total fair value of consideration given $ 70,000 Identifiable intangible assets $ 45,020 Other assets acquired and liabilities assumed, net 13,673 Total fair value of net assets acquired $ 58,693 Goodwill (tax deductible) $ 11,307 The consideration given was greater than the fair value of the net assets acquired, resulting in goodwill. Other Acquisitions in 2022 During the six months ended June 30, 2022, the Company completed one other acquisition for $1.7 million of cash purchase consideration. The preliminary purchase price allocation resulted in $0.8 million of goodwill (tax deductible). As this acquisition 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. Acquisitions with Measurement Period Adjustments During the Six Months Ended June 30, 2022 Exertis In October 2021, the Company acquired certain business assets of Stampede Presentation Products, Inc. d/b/a Exertis ("Exertis"), a global distribution company, in exchange for $39.7 million. The acquisition qualifies as a business combination for accounting purposes and supports the acquisition of Furrion Holdings Limited ("Furrion") by allowing the Company to provide logistics and warehousing to serve Furrion's North American customer base. 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 operations of this acquisition are 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 had a pre-existing relationship with Exertis where Exertis had a prepaid asset and the Company had an equal and offsetting deferred revenue liability of $24.8 million, which was effectively settled immediately prior to the business combination. No gain or loss was recognized in the effective settlement of the deferred revenue liability. During the six months ended June 30, 2022, the Company adjusted the preliminary purchase price allocation reported at December 31, 2021 to account for updates to 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 for net working capital and the fair value of intangible assets as additional information is obtained within the measurement period (not to exceed 12 months from the acquisition date). Furrion In September 2021, the Company acquired 100 percent of the share capital of Furrion, a leading distributor of a large range of appliances and other products to OEMs and aftermarket customers in the RV, specialty vehicle, utility trailer, horse trailer, marine, transit bus, and school bus industries. The total fair value of consideration, net of cash acquired, was approximately $146.7 million. The Company paid $50.5 million in cash consideration at closing, net of cash acquired, with fixed payments of $31.3 million due on each of the first and second anniversaries of the acquisition in September 2022 and September 2023. The deferred acquisition fixed payments are recorded at their respective discounted present values in the Condensed Consolidated Balance Sheet in accrued expenses and other current liabilities and other long-term liabilities at June 30, 2022. In 2019, the Company and Furrion agreed to terminate an exclusive distribution and supply agreement and transition all sale and distribution of Furrion products then handled by the Company to Furrion. Effective January 1, 2020, Furrion took responsibility 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 the date of the Furrion acquisition in September 2021, the Company had a receivable balance of $35.0 million (the "Receivable from Furrion") and Furrion had a corresponding payable balance. In direct connection with the acquisition negotiations, the receivable and payable were effectively settled in the acquisition and the receivable balance is included within the approximate $146.7 million of consideration transferred. No gain or loss was recognized in the effective settlement of the Receivable from Furrion. The results of the acquired business have been included in the Condensed Consolidated Statements of Income since the acquisition date, in both the Company's OEM and Aftermarket Segments. As this acquisition 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, 2022, the Company adjusted the preliminary purchase price allocation reported at December 31, 2021 to account for updates to net working capital, intangible assets, and fixed asset 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 Company is in the process of determining the fair value of the assets acquired and liabilities assumed for the opening balance sheet, including the evaluation of technical tax matters regarding the transaction, and evaluating the various assumptions and forecasts which drove the purchase price allocation which could impact the fair value of intangible assets. The current estimates for intangible assets are based on a preliminary valuation and these estimates are subject to change when the valuation is finalized within the measurement period (not to exceed 12 months from the acquisition date). The acquisition of this business was preliminarily recorded, as updated, as of the acquisition date as follows (in thousands) : Preliminary at December 31, 2021 Measurement Period Adjustments As Adjusted at June 30, 2022 Cash consideration, net of cash acquired $ 50,534 $ — $ 50,534 Effective settlement of Receivable from Furrion 34,956 — 34,956 Discounted value of fixed deferred consideration 61,191 — 61,191 Total fair value of consideration given $ 146,681 $ — $ 146,681 Customer relationships $ 66,300 $ (10,600) $ 55,700 Other identifiable intangible assets 43,900 (1,200) 42,700 Other assets acquired and liabilities assumed, net (9,518) 1,841 (7,677) Total fair value of net assets acquired $ 100,682 $ (9,959) $ 90,723 Goodwill (tax deductible) $ 45,999 $ 9,959 $ 55,958 Schaudt In April 2021, the Company acquired 100 percent of the equity interests of Schaudt GmbH Elektrotechnik & Apparatebau ("Schaudt"), a leading supplier of electronic controls and energy management systems for the European caravan industry located in Markdorf, Germany. The purchase price was approximately $29.4 million. 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 operations of this acquisition are 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, 2022, the Company adjusted and finalized the preliminary purchase price allocation reported at December 31, 2021 to account for updates to net working capital and fixed asset 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. Goodwill Changes in the carrying amount of goodwill by reportable segment were as follows: (In thousands) OEM Segment Aftermarket Segment Total Net balance – December 31, 2021 $ 379,463 $ 163,717 $ 543,180 Acquisitions – 2022 10,284 1,809 12,093 Measurement period adjustments 8,871 1,092 9,963 Foreign currency translation (9,503) (905) (10,408) Net balance – June 30, 2022 $ 389,115 $ 165,713 $ 554,828 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, 2022: (In thousands) Gross Accumulated Net Estimated Useful Customer relationships $ 506,528 $ 144,573 $ 361,955 6 to 17 Patents 120,262 57,894 62,368 3 to 20 Trade names (finite life) 93,703 17,979 75,724 3 to 20 Trade names (indefinite life) 7,600 — 7,600 Indefinite Non-compete agreements 11,582 6,566 5,016 3 to 6 Other 309 220 89 2 to 12 Other intangible assets $ 739,984 $ 227,232 $ 512,752 Other intangible assets consisted of the following at December 31, 2021: (In thousands) Gross Accumulated Net Estimated Useful Customer relationships $ 487,853 $ 127,048 $ 360,805 6 to 17 Patents 116,725 53,479 63,246 3 to 20 Trade names (finite life) 93,994 16,497 77,497 3 to 20 Trade names (indefinite life) 7,600 — 7,600 Indefinite Non-compete agreements 11,464 5,439 6,025 3 to 6 Other 309 212 97 2 to 12 Purchased research and development 4,687 — 4,687 Indefinite Other intangible assets $ 722,632 $ 202,675 $ 519,957

Inventories

Inventories	6 Months Ended
	Jun. 30, 2022
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) 2022 2021 Raw materials $ 829,437 $ 833,992 Work in process 57,704 48,250 Finished goods 268,030 213,665 Inventories, net $ 1,155,171 $ 1,095,907

Fixed Assets

Fixed Assets	6 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Fixed Assets	FIXED ASSETS Fixed assets consisted of the following at: June 30, December 31, (In thousands) 2022 2021 Fixed assets, at cost $ 907,345 $ 842,462 Less accumulated depreciation and amortization 450,828 416,007 Fixed assets, net $ 456,517 $ 426,455

Accrued Expenses And Other Curr

Accrued Expenses And Other Current Liabilities	6 Months Ended
	Jun. 30, 2022
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) 2022 2021 Employee compensation and benefits $ 94,585 $ 85,760 Deferred acquisition payments and contingent consideration* 54,523 39,307 Current portion of accrued warranty 40,172 33,874 Other 106,158 84,497 Accrued expenses and other current liabilities $ 295,438 $ 243,438 * Includes current portion of contingent consideration (Note 11) and deferred acquisition payments (Note 4). 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 historical warranty costs, warranty claim lag, and 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) 2022 2021 Balance at beginning of period $ 52,114 $ 47,091 Provision for warranty expense 28,164 12,304 Warranty liability from acquired businesses — 125 Warranty costs paid (18,646) (15,360) Balance at end of period 61,632 44,160 Less long-term portion (21,460) (18,790) Current portion of accrued warranty at end of period $ 40,172 $ 25,370

Pension Plans

Pension Plans	6 Months Ended
	Jun. 30, 2022
Retirement Benefits [Abstract]
Pension Plans	PENSION PLANSThe Company maintains 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 non-participating annuities from a large multi-national insurance company that cover the vested pension benefit obligation of the participants, but do not cover future indexations or cost of living adjustments that are provided in plan benefits. Each year, the Company makes 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 assets with the assistance of an actuary using unobservable inputs (Level 3), which is determined as the present value of the accrued benefits guaranteed by the insurer. The components of net periodic pension cost for the Dutch pension plans were as follows: Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2022 2021 2022 2021 Net service cost $ (1,020) $ (1,107) $ (2,090) $ (2,216) Interest cost (263) (166) (539) (332) Expected return on plan assets 164 109 336 217 Administrative charges (67) (72) (140) (143) Net periodic pension cost $ (1,186) $ (1,236) $ (2,433) $ (2,474)

Long-Term Indebtedness

Long-Term Indebtedness	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Long-Term Indebtedness	LONG-TERM INDEBTEDNESS Long-term debt consisted of the following: June 30, December 31, (In thousands) 2022 2021 Convertible Notes $ 460,000 $ 460,000 Revolving Credit Loan 283,900 403,953 Term Loan 385,000 395,000 Shelf-Loan Facility — 50,000 Other 4,359 5,997 Unamortized deferred financing fees (10,493) (11,988) 1,122,766 1,302,962 Less current portion (20,979) (71,003) Long-term indebtedness $ 1,101,787 $ 1,231,959 Credit Agreement The Company and certain of its subsidiaries are party to a credit agreement dated December 14, 2018 with JPMorgan Chase, N.A., as a lender and administrative agent, and other bank lenders (as amended, the "Credit Agreement"). The Credit Agreement provides for a $600.0 million revolving credit facility (of which $50.0 million is available for the issuance of letters of credit (the "LC Facility") and up to $400.0 million is available in approved foreign currencies (the "Foreign Sublimit")). The Credit Agreement also provides for term loans (the "Term Loan") to the Company in an aggregate principal amount of $400.0 million. The maturity date of the Credit Agreement is December 7, 2026. The Term Loan is required to be repaid in an amount equal to 1.25 percent of the original principal amount of the Term Loan for the first eight quarterly periods commencing with the quarter ended December 31, 2021, 1.875 percent of the original principal amount of the Term Loan for the next eight quarterly periods, and then 2.50 percent of the original principal amount of the Term Loan of each additional payment until the maturity date. The Credit Agreement also permits the Company to request an increase to the revolving and/or term loan facility by up to an additional $400.0 million in the aggregate upon the approval of the lenders providing any such increase. Borrowings under the Credit Agreement in U.S. dollars are designated from time to time by the Company as (i) base rate loans which bear interest at a base rate plus additional interest ranging from 0.0 percent to 0.625 percent (0.125 percent was applicable at June 30, 2022) depending on the Company’s total net leverage ratio or (ii) term benchmark loans which bear interest at LIBOR (or a relevant benchmark replacement rate) for an interest period selected by the Company plus additional interest ranging from 0.875 percent to 1.625 percent (1.125 percent was applicable at June 30, 2022) depending on the Company’s total net leverage ratio. Foreign currency borrowings, other than Pounds Sterling, have the same additional interest margins applicable to term benchmark loans based on the Company's total net leverage ratio. At June 30, 2022, the Company had $29.4 million in issued, but undrawn, standby letters of credit under the LC Facility. Availability under the Company’s revolving credit facility was $286.7 million at June 30, 2022. A commitment fee ranging from 0.150 percent to 0.225 percent (0.175 percent was applicable at June 30, 2022) depending on the Company's total net leverage ratio accrues on the actual daily amount that the revolving commitment exceeds the revolving credit exposure. Shelf-Loan Facility The Company and certain of its subsidiaries have a shelf-loan facility (the "Shelf-Loan Facility") with PGIM, Inc. (formerly Prudential Investment Management, Inc.) and its affiliates ("Prudential"). 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. The Series B Notes were paid in full in March 2022, and 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 $200.0 million. 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. Convertible Notes On May 13, 2021, the Company issued $460.0 million in aggregate principal amount of 1.125 percent convertible senior notes due 2026 in a private placement to certain qualified institutional buyers, resulting in net proceeds to the Company of approximately $447.8 million after deducting the initial purchasers' discounts and offering expenses payable by the Company. The Convertible Notes bear interest at a coupon rate of 1.125 percent per annum, payable semiannually in arrears on May 15 and November 15 of each year, beginning on November 15, 2021. The Convertible Notes will mature on May 15, 2026, unless earlier converted, redeemed, or repurchased, in accordance with their terms. As of June 30, 2022, the conversion rate was 6.0787 shares of the Company's common stock per $1,000 principal amount of the Convertible Notes. The conversion rate of the Convertible Notes is subject to further adjustment upon the occurrence of certain specified events. In addition, upon the occurrence of a make-whole fundamental change (as defined in the Indenture) or upon a notice of redemption, the Company will, in certain circumstances, increase the conversion rate for a holder that elects to convert its Convertible Notes in connection with such make-whole fundamental change or notice of redemption, as the case may be. Prior to the close of business on the business day immediately preceding January 15, 2026, the Convertible Notes are convertible at the option of the holders only under the following circumstances: (1) during any calendar quarter commencing after the calendar quarter ending on June 30, 2021 (and only during such calendar quarter), if the last reported sale price (as defined in the Indenture) per share of the Company's common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to 130 percent of the conversion price for the Convertible Notes on each applicable trading day; (2) during the five business day period after any ten consecutive trading day period (the "measurement period") in which the trading price (as defined in the Indenture) per $1,000 principal amount of the Convertible Notes for each trading day of the measurement period was less than 98 percent of the product of the last reported sale price of the Company's common stock and the conversion rate on each such trading day; (3) if the Company calls such Convertible Notes for redemption, at any time prior to the close of business on the scheduled trading day immediately preceding the redemption date, but only with respect to the Convertible Notes called (or deemed called) for redemption; or (4) upon the occurrence of certain specified corporate events described in the Indenture. On or after January 15, 2026, until the close of business on the second scheduled trading day immediately preceding the maturity date, holders may convert all or any portion of their Convertible Notes at any time, regardless of the foregoing circumstances. Upon conversion, the Company will pay cash up to the aggregate principal amount of the Convertible Notes to be converted and pay or deliver, as the case may be, cash, shares of the Company's common stock, or a combination of cash and shares of the Company's common stock, at the Company's election, in respect of the remainder, if any, of the Company's conversion obligation in excess of the aggregate principal amount of the Convertible Notes being converted. The Company may not redeem the Convertible Notes prior to May 20, 2024. On or after May 20, 2024, the Company may redeem for cash all or any portion of the Convertible Notes, at the Company's option, if the last reported sale price of the Company's common stock has been at least 130 percent of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption at a redemption price equal to 100 percent of the principal amount of the Convertible Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. Upon the occurrence of a fundamental change (as defined in the Indenture), subject to certain conditions, holders of the Convertible Notes may require the Company to repurchase for cash all or any portion of their Convertible Notes in principal amounts of $1,000 or an integral multiple thereof at a repurchase price equal to 100 percent of the principal amount of the Convertible Notes to be repurchased, plus accrued and unpaid interest on such Convertible Notes to, but not including, the fundamental change repurchase date (as defined in the Indenture). The Convertible Notes are senior unsecured obligations and rank senior in right of payment to all of the Company's indebtedness that is expressly subordinated in right of payment to the Convertible Notes, equal in right of payment with all the Company's liabilities that are not so subordinated, effectively junior to any of the Company's secured indebtedness to the extent of the value of the assets securing such indebtedness, and structurally junior to all indebtedness and other liabilities (including trade payables) of our subsidiaries. The Indenture contains customary terms and covenants, including that upon certain events of default occurring and continuing, either the named trustee or the holders of at least 25 percent of the aggregate principal amount of the outstanding Convertible Notes may declare 100 percent of the principal of, and accrued and unpaid interest, if any, on all the outstanding Convertible Notes to be due and payable. The Convertible Notes are not registered securities nor listed on any securities exchange but may be actively traded by qualified institutional buyers. The fair value of the Convertible Notes of $415.2 million at June 30, 2022 was estimated using Level 1 inputs, as it is based on quoted prices for these instruments in active markets. General At June 30, 2022, the fair value of the Company's long-term debt under the Credit Agreement approximates the carrying value, as estimated using quoted market prices and discounted future cash flows based on similar borrowing arrangements. Borrowings under both the 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 certain of the Company's direct and indirect subsidiaries (including up to 65 percent of the equity interests of certain "controlled foreign corporations"). Pursuant to the 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, 2022, the Company was in compliance with all such requirements and expects to remain in such compliance for the next twelve months. The 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. This limitation did not impact the Company's ability to incur additional indebtedness under its revolving credit facility at June 30, 2022. The Company believes the availability of $286.7 million under the revolving credit facility under the Credit Agreement, along with its cash flows from operations, are adequate to finance the Company's anticipated cash requirements for the next twelve months.

Leases

Leases	6 Months Ended
	Jun. 30, 2022
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 increase in lease costs for the three and six months ended June 30, 2022 compared to the three and six months ended June 30, 2021 was primarily driven by capacity expansions and leases assumed in acquisitions. The components of lease cost were as follows: Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2022 2021 2022 2021 Operating lease cost $ 13,236 $ 11,317 $ 26,148 $ 20,415 Short-term lease cost 1,934 986 3,774 1,875 Variable lease cost 936 742 1,649 1,431 Total lease cost $ 16,106 $ 13,045 $ 31,571 $ 23,721

Commitments And Contingencies

Commitments And Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments And Contingencies	COMMITMENTS AND CONTINGENCIES Contingent Consideration In connection with several business acquisitions, if certain sales targets for the acquired products are achieved, the Company would pay additional cash consideration. 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, 2022: (In thousands) Balance at beginning of period $ 6,911 Payments (5,008) Accretion (a) 93 Fair value adjustments (a) (b) (1,886) Balance at end of the period 110 Less current portion in accrued expenses and other current liabilities (7) Total long-term portion in other long-term liabilities $ 103 (a) Recorded in selling, general and administrative expenses in the Condensed Consolidated Statements of Income. (b) During the period ended June 30, 2022, the Company updated its sales projections for a product subject to contingent consideration and determined the probability of payment under the contingent arrangement to be remote. Consequently, the fair value of the contingent consideration liability related to this product was reduced by $1.9 million. 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, 2022, would not be material to the Company's financial position or results of operations.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2022
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) 2022 2021 Common stock authorized 75,000 75,000 Common stock issued 28,517 28,360 Treasury stock 3,087 3,087 Common stock outstanding 25,430 25,273 The table below summarizes the regular quarterly dividends declared and paid during the periods ended June 30, 2022 and December 31, 2021: (In thousands, except per share data) Per Share Record Date Payment Date Total Paid First Quarter 2021 $ 0.75 03/12/21 03/26/21 $ 18,939 Second Quarter 2021 0.90 06/04/21 06/18/21 22,739 Third Quarter 2021 0.90 09/03/21 09/17/21 22,747 Fourth Quarter 2021 0.90 12/03/21 12/17/21 22,746 Total 2021 $ 3.45 $ 87,171 First Quarter 2022 $ 0.90 03/11/22 03/25/22 $ 22,870 Second Quarter 2022 1.05 06/03/22 06/17/22 26,702 Total 2022 $ 1.95 $ 49,572 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. Transactions in DSUs and RSUs under the 2018 Plan are summarized as follows: Number of Shares Weighted Average Price Outstanding at December 31, 2021 285,711 $ 110.41 Issued 2,602 107.52 Granted 156,701 120.61 Dividend equivalents 5,150 104.86 Forfeited (4,054) 118.69 Vested (167,343) 95.95 Outstanding at June 30, 2022 278,767 $ 121.58 Performance Stock Units 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 PSUs under the 2018 Plan are summarized as follows: Number of Shares Weighted Average Price Outstanding at December 31, 2021 149,961 $ 104.01 Granted 91,988 110.83 Dividend equivalents 2,918 104.85 Forfeited (4,840) 78.11 Vested (80,938) 82.40 Outstanding at June 30, 2022 159,089 $ 120.12 Convertible Note Hedge Transactions The Company paid an aggregate amount of $100.1 million in May 2021 to the Counterparties pursuant to the Convertible Note Hedge Transactions. The Convertible Note Hedge Transactions cover, subject to anti-dilution adjustments substantially similar to those in the Convertible Notes, approximately 2.8 million shares of the Company's common stock, the same number of shares initially underlying the Convertible Notes, at a strike price of approximately $165.65, subject to customary anti-dilution adjustments. The Convertible Note Hedge Transactions will expire upon the maturity of the Convertible Notes, subject to earlier exercise or termination. The Convertible Note Hedge Transactions are expected generally to reduce the potential dilutive effect to the Company's common stock of the conversion of the Convertible Notes and/or offset any cash payments the Company is required to make in excess of the principal amount of the Convertible Notes which are converted, as the case may be, in the event the price per share of the Company's common stock, as measured under the terms of the Convertible Note Hedge Transactions, is greater than the strike price of the Convertible Note Hedge Transactions. The Convertible Note Hedge Transactions meet the criteria in Accounting Standards Codification ("ASC") 815-40 to be classified within stockholders' equity, and therefore the Convertible Note Hedge Transactions are not revalued after their issuance. The Convertible Notes and the Convertible Note Hedge Transactions will be integrated for tax purposes. The accounting impact of this tax treatment makes the Convertible Note Hedge Transactions deductible as original issue discount for tax purposes over the term of the Convertible Notes and resulted in a $24.4 million deferred tax asset recognized through equity. Warrant Transactions In addition, concurrently with entering into the Convertible Note Hedge Transactions, the Company entered into separate, privately-negotiated Warrant transactions with the Counterparties, whereby the Company sold Warrants to purchase 2.8 million shares of the Company's common stock at an initial strike price of $259.84 per share, subject to customary anti-dilution adjustments, which is approximately 100 percent above the last reported sale price of the Company's common stock on May 10, 2021 (the "Warrant Transactions"). The Company received aggregate proceeds of $48.5 million from the Warrant Transactions with the Counterparties, with such proceeds partially offsetting the costs of entering into the Convertible Note Hedge Transactions. The Warrants expire in August 2026. If the market value per share of the Company's common stock, as measured under the Warrant Transactions, exceeds the strike price of the Warrants, the Warrants will have a dilutive effect on the Company's earnings per share, unless the Company elects, subject to certain conditions, to settle the Warrants in cash. The Warrants meet the criteria in ASC 815-40 to be classified within stockholders' equity, and therefore the Warrants are not revalued after issuance.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS Recurring The following table presents the Company's assets and liabilities measured at fair value on a recurring basis at: June 30, 2022 December 31, 2021 (In thousands) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets Pension plan assets (Note 8) $ 33,095 $ — $ — $ 33,095 $ 52,296 $ — $ — $ 52,296 Liabilities Contingent consideration $ 110 $ — $ — $ 110 $ 6,911 $ — $ — $ 6,911 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. For further information on the inputs used in determining the fair value, and a roll forward of the contingent consideration liability, see Note 11 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 were 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, 2022
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 84 percent and 80 percent of consolidated net sales for the six months ended June 30, 2022 and 2021, respectively, manufactures and 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 66 percent of the Company's OEM Segment net sales for the six months ended June 30, 2022 were of components for travel trailer and fifth-wheel RVs. The Aftermarket Segment, which accounted for 16 percent and 20 percent of consolidated net sales for the six months ended June 30, 2022 and 2021, 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, as well as direct to retail customers via the Internet. The Aftermarket Segment also includes biminis, covers, buoys, fenders to the marine industry, towing products, truck accessories, appliances, air conditioners, televisions, sound systems, 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 in the Company's Annual Report on Form 10-K for the year ended December 31, 2021. 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, 2022 Three Months Ended June 30, 2021 (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 $ 800,315 $ 14,194 $ 814,509 $ 508,810 $ 18,804 $ 527,614 Motorhomes 64,008 27,472 91,480 39,776 27,477 67,253 Adjacent Industries OEMs 323,715 46,574 370,289 232,495 37,292 269,787 Total OEM Segment net sales 1,188,038 88,240 1,276,278 781,081 83,573 864,654 Aftermarket Segment: Total Aftermarket Segment net sales 240,246 19,626 259,872 209,997 19,069 229,066 Total net sales $ 1,428,284 $ 107,866 $ 1,536,150 $ 991,078 $ 102,642 $ 1,093,720 Six Months Ended June 30, 2022 Six Months Ended June 30, 2021 (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 $ 1,737,950 $ 29,785 $ 1,767,735 $ 995,352 $ 35,278 $ 1,030,630 Motorhomes 124,154 54,580 178,734 79,193 50,653 129,846 Adjacent Industries OEMs 635,363 91,028 726,391 444,177 76,251 520,428 Total OEM Segment net sales 2,497,467 175,393 2,672,860 1,518,722 162,182 1,680,904 Aftermarket Segment: Total Aftermarket Segment net sales 470,413 37,445 507,858 381,407 31,667 413,074 Total net sales $ 2,967,880 $ 212,838 $ 3,180,718 $ 1,900,129 $ 193,849 $ 2,093,978 (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) 2022 2021 2022 2021 Operating profit: OEM Segment $ 190,577 $ 63,334 $ 435,951 $ 142,621 Aftermarket Segment 28,212 30,648 52,539 52,792 Total operating profit $ 218,789 $ 93,982 $ 488,490 $ 195,413 The following table presents the Company's revenue disaggregated by product: Three Months Ended Six Months Ended (In thousands) 2022 2021 2022 2021 OEM Segment: Chassis, chassis parts, and slide-out mechanisms $ 486,591 $ 309,237 $ 1,046,311 $ 596,298 Windows and doors 301,985 256,722 632,343 506,642 Furniture and mattresses 229,520 168,804 471,746 324,048 Axles and suspension solutions 93,378 60,850 190,423 115,972 Other 164,804 69,041 332,037 137,944 Total OEM Segment net sales 1,276,278 864,654 2,672,860 1,680,904 Total Aftermarket Segment net sales 259,872 229,066 507,858 413,074 Total net sales $ 1,536,150 $ 1,093,720 $ 3,180,718 $ 2,093,978

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
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.
Recently adopted accounting pronouncement	There are no recent accounting pronouncements that have been issued and not yet adopted that are expected to have a material impact on our Condensed Consolidated Financial Statements.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of Computation of 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) 2022 2021 2022 2021 Weighted average shares outstanding for basic earnings per share 25,438 25,275 25,377 25,230 Common stock equivalents pertaining to stock-based awards 80 110 106 121 Weighted average shares outstanding for diluted earnings per share 25,518 25,385 25,483 25,351 Equity instruments excluded from diluted net earnings per share calculation as the effect would have been antidilutive 112 139 111 143

Acquisitions, Goodwill And Ot_2

Acquisitions, Goodwill And Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2022
Acquisitions, Goodwill And Other Intangible Assets [Abstract]
Schedule of Business Acquisitions, by Acquisition	The acquisition of this business was preliminarily recorded, as updated, as of the acquisition date as follows (in thousands) : Cash consideration $ 50,000 Fixed deferred consideration 20,000 Total fair value of consideration given $ 70,000 Identifiable intangible assets $ 45,020 Other assets acquired and liabilities assumed, net 13,673 Total fair value of net assets acquired $ 58,693 Goodwill (tax deductible) $ 11,307
Schedule of Goodwill	Changes in the carrying amount of goodwill by reportable segment were as follows: (In thousands) OEM Segment Aftermarket Segment Total Net balance – December 31, 2021 $ 379,463 $ 163,717 $ 543,180 Acquisitions – 2022 10,284 1,809 12,093 Measurement period adjustments 8,871 1,092 9,963 Foreign currency translation (9,503) (905) (10,408) Net balance – June 30, 2022 $ 389,115 $ 165,713 $ 554,828
Schedule of Other Intangible Assets	Other intangible assets consisted of the following at June 30, 2022: (In thousands) Gross Accumulated Net Estimated Useful Customer relationships $ 506,528 $ 144,573 $ 361,955 6 to 17 Patents 120,262 57,894 62,368 3 to 20 Trade names (finite life) 93,703 17,979 75,724 3 to 20 Trade names (indefinite life) 7,600 — 7,600 Indefinite Non-compete agreements 11,582 6,566 5,016 3 to 6 Other 309 220 89 2 to 12 Other intangible assets $ 739,984 $ 227,232 $ 512,752 Other intangible assets consisted of the following at December 31, 2021: (In thousands) Gross Accumulated Net Estimated Useful Customer relationships $ 487,853 $ 127,048 $ 360,805 6 to 17 Patents 116,725 53,479 63,246 3 to 20 Trade names (finite life) 93,994 16,497 77,497 3 to 20 Trade names (indefinite life) 7,600 — 7,600 Indefinite Non-compete agreements 11,464 5,439 6,025 3 to 6 Other 309 212 97 2 to 12 Purchased research and development 4,687 — 4,687 Indefinite Other intangible assets $ 722,632 $ 202,675 $ 519,957

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2022
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) 2022 2021 Raw materials $ 829,437 $ 833,992 Work in process 57,704 48,250 Finished goods 268,030 213,665 Inventories, net $ 1,155,171 $ 1,095,907

Fixed Assets (Tables)

Fixed Assets (Tables)	6 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Schedule Of Fixed Assets	Fixed assets consisted of the following at: June 30, December 31, (In thousands) 2022 2021 Fixed assets, at cost $ 907,345 $ 842,462 Less accumulated depreciation and amortization 450,828 416,007 Fixed assets, net $ 456,517 $ 426,455

Accrued Expenses And Other Cu_2

Accrued Expenses And Other Current Liabilities (Tables)	6 Months Ended
	Jun. 30, 2022
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) 2022 2021 Employee compensation and benefits $ 94,585 $ 85,760 Deferred acquisition payments and contingent consideration* 54,523 39,307 Current portion of accrued warranty 40,172 33,874 Other 106,158 84,497 Accrued expenses and other current liabilities $ 295,438 $ 243,438 * Includes current portion of contingent consideration (Note 11) and deferred acquisition payments (Note 4).
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) 2022 2021 Balance at beginning of period $ 52,114 $ 47,091 Provision for warranty expense 28,164 12,304 Warranty liability from acquired businesses — 125 Warranty costs paid (18,646) (15,360) Balance at end of period 61,632 44,160 Less long-term portion (21,460) (18,790) Current portion of accrued warranty at end of period $ 40,172 $ 25,370

Pension Plans (Tables)

Pension Plans (Tables)	6 Months Ended
	Jun. 30, 2022
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs	The components of net periodic pension cost for the Dutch pension plans were as follows: Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2022 2021 2022 2021 Net service cost $ (1,020) $ (1,107) $ (2,090) $ (2,216) Interest cost (263) (166) (539) (332) Expected return on plan assets 164 109 336 217 Administrative charges (67) (72) (140) (143) Net periodic pension cost $ (1,186) $ (1,236) $ (2,433) $ (2,474)

Long-Term Indebtedness (Tables)

Long-Term Indebtedness (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term debt consisted of the following: June 30, December 31, (In thousands) 2022 2021 Convertible Notes $ 460,000 $ 460,000 Revolving Credit Loan 283,900 403,953 Term Loan 385,000 395,000 Shelf-Loan Facility — 50,000 Other 4,359 5,997 Unamortized deferred financing fees (10,493) (11,988) 1,122,766 1,302,962 Less current portion (20,979) (71,003) Long-term indebtedness $ 1,101,787 $ 1,231,959

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Components of Lease Cost	The components of lease cost were as follows: Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2022 2021 2022 2021 Operating lease cost $ 13,236 $ 11,317 $ 26,148 $ 20,415 Short-term lease cost 1,934 986 3,774 1,875 Variable lease cost 936 742 1,649 1,431 Total lease cost $ 16,106 $ 13,045 $ 31,571 $ 23,721

Commitments And Contingencies (

Commitments And Contingencies (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2022: (In thousands) Balance at beginning of period $ 6,911 Payments (5,008) Accretion (a) 93 Fair value adjustments (a) (b) (1,886) Balance at end of the period 110 Less current portion in accrued expenses and other current liabilities (7) Total long-term portion in other long-term liabilities $ 103 (a) Recorded in selling, general and administrative expenses in the Condensed Consolidated Statements of Income. (b) During the period ended June 30, 2022, the Company updated its sales projections for a product subject to contingent consideration and determined the probability of payment under the contingent arrangement to be remote. Consequently, the fair value of the contingent consideration liability related to this product was reduced by $1.9 million.

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
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) 2022 2021 Common stock authorized 75,000 75,000 Common stock issued 28,517 28,360 Treasury stock 3,087 3,087 Common stock outstanding 25,430 25,273
Schedule of Dividends Declared	The table below summarizes the regular quarterly dividends declared and paid during the periods ended June 30, 2022 and December 31, 2021: (In thousands, except per share data) Per Share Record Date Payment Date Total Paid First Quarter 2021 $ 0.75 03/12/21 03/26/21 $ 18,939 Second Quarter 2021 0.90 06/04/21 06/18/21 22,739 Third Quarter 2021 0.90 09/03/21 09/17/21 22,747 Fourth Quarter 2021 0.90 12/03/21 12/17/21 22,746 Total 2021 $ 3.45 $ 87,171 First Quarter 2022 $ 0.90 03/11/22 03/25/22 $ 22,870 Second Quarter 2022 1.05 06/03/22 06/17/22 26,702 Total 2022 $ 1.95 $ 49,572
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 2018 Plan are summarized as follows: Number of Shares Weighted Average Price Outstanding at December 31, 2021 285,711 $ 110.41 Issued 2,602 107.52 Granted 156,701 120.61 Dividend equivalents 5,150 104.86 Forfeited (4,054) 118.69 Vested (167,343) 95.95 Outstanding at June 30, 2022 278,767 $ 121.58
Stock Awards and Performance Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Awards and Units Activity	Transactions in PSUs under the 2018 Plan are summarized as follows: Number of Shares Weighted Average Price Outstanding at December 31, 2021 149,961 $ 104.01 Granted 91,988 110.83 Dividend equivalents 2,918 104.85 Forfeited (4,840) 78.11 Vested (80,938) 82.40 Outstanding at June 30, 2022 159,089 $ 120.12

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Assets And Liabilities Measured At Fair Value On A Recurring Basis	The following table presents the Company's assets and liabilities measured at fair value on a recurring basis at: June 30, 2022 December 31, 2021 (In thousands) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets Pension plan assets (Note 8) $ 33,095 $ — $ — $ 33,095 $ 52,296 $ — $ — $ 52,296 Liabilities Contingent consideration $ 110 $ — $ — $ 110 $ 6,911 $ — $ — $ 6,911

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2022
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, 2022 Three Months Ended June 30, 2021 (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 $ 800,315 $ 14,194 $ 814,509 $ 508,810 $ 18,804 $ 527,614 Motorhomes 64,008 27,472 91,480 39,776 27,477 67,253 Adjacent Industries OEMs 323,715 46,574 370,289 232,495 37,292 269,787 Total OEM Segment net sales 1,188,038 88,240 1,276,278 781,081 83,573 864,654 Aftermarket Segment: Total Aftermarket Segment net sales 240,246 19,626 259,872 209,997 19,069 229,066 Total net sales $ 1,428,284 $ 107,866 $ 1,536,150 $ 991,078 $ 102,642 $ 1,093,720 Six Months Ended June 30, 2022 Six Months Ended June 30, 2021 (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 $ 1,737,950 $ 29,785 $ 1,767,735 $ 995,352 $ 35,278 $ 1,030,630 Motorhomes 124,154 54,580 178,734 79,193 50,653 129,846 Adjacent Industries OEMs 635,363 91,028 726,391 444,177 76,251 520,428 Total OEM Segment net sales 2,497,467 175,393 2,672,860 1,518,722 162,182 1,680,904 Aftermarket Segment: Total Aftermarket Segment net sales 470,413 37,445 507,858 381,407 31,667 413,074 Total net sales $ 2,967,880 $ 212,838 $ 3,180,718 $ 1,900,129 $ 193,849 $ 2,093,978 (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
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) 2022 2021 2022 2021 Operating profit: OEM Segment $ 190,577 $ 63,334 $ 435,951 $ 142,621 Aftermarket Segment 28,212 30,648 52,539 52,792 Total operating profit $ 218,789 $ 93,982 $ 488,490 $ 195,413
Revenue Disaggregated by Product	The following table presents the Company's revenue disaggregated by product: Three Months Ended Six Months Ended (In thousands) 2022 2021 2022 2021 OEM Segment: Chassis, chassis parts, and slide-out mechanisms $ 486,591 $ 309,237 $ 1,046,311 $ 596,298 Windows and doors 301,985 256,722 632,343 506,642 Furniture and mattresses 229,520 168,804 471,746 324,048 Axles and suspension solutions 93,378 60,850 190,423 115,972 Other 164,804 69,041 332,037 137,944 Total OEM Segment net sales 1,276,278 864,654 2,672,860 1,680,904 Total Aftermarket Segment net sales 259,872 229,066 507,858 413,074 Total net sales $ 1,536,150 $ 1,093,720 $ 3,180,718 $ 2,093,978

Basis of Presentation (Details)

Basis of Presentation (Details)	Jun. 30, 2022
Manufacturing Facility
Property, Plant and Equipment
Manufacturing Facilities	130

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Computation of Earnings per Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Weighted average shares outstanding for basic earnings per share	25,438	25,275	25,377	25,230
Common stock equivalents pertaining to stock options and deferred stock units (in shares)	80	110	106	121
Weighted average shares outstanding for diluted earnings per share	25,518	25,385	25,483	25,351
Equity instruments excluded from diluted net earnings per share calculation as the effect would have been antidilutive (in shares)	112	139	111	143

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	May 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	May 13, 2021
Debt Instrument [Line Items]
Number of shares called by warrant						2,800
Warrant, strike price (in dollars per share)						$ 259.84
Equity instruments excluded from diluted net earnings per share calculation as the effect would have been antidilutive (in shares)		112	139	111	143
Purchases of convertible note hedge contracts	$ 100,100			$ 0	$ 100,142
Warrants
Debt Instrument [Line Items]
Equity instruments excluded from diluted net earnings per share calculation as the effect would have been antidilutive (in shares)		2,800		2,800
Convertible Debt Securities
Debt Instrument [Line Items]
Equity instruments excluded from diluted net earnings per share calculation as the effect would have been antidilutive (in shares)				2,800
Convertible Notes
Debt Instrument [Line Items]
Stated interest rate						1.125%
Conversion price		$ 165.65		$ 165.65

Acquisitions, Goodwill And Ot_3

Acquisitions, Goodwill And Other Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands			1 Months Ended				6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021	Mar. 31, 2022	Oct. 31, 2021	Sep. 30, 2021	Apr. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Business Acquisition [Line Items]
Cash consideration, net of cash acquired							$ 51,789	$ 103,858
Goodwill	$ 554,828	$ 543,180					554,828
Exertis
Business Acquisition [Line Items]
Deferred revenue liability				$ 24,800
Girard
Business Acquisition [Line Items]
Purchase price			$ 70,000
Cash consideration, net of cash acquired			50,000
Consideration, holdback payment liability			20,000
Goodwill			$ 11,307
Exertis
Business Acquisition [Line Items]
Purchase price				$ 39,700
Furrion
Business Acquisition [Line Items]
Purchase price	146,681	146,681			$ 146,700
Percentage of interests acquired					100%
Cash consideration, net of cash acquired	50,534	50,534			$ 50,500
Consideration, holdback payment liability					31,300
Goodwill	55,958	45,999					55,958
Consideration transferred, settlement of receivable	34,956	$ 34,956			$ 35,000
Schaudt
Business Acquisition [Line Items]
Purchase price						$ 29,400
Percentage of interests acquired						100%
Other Acquisitions in 2021
Business Acquisition [Line Items]
Cash consideration, net of cash acquired							1,700
Goodwill	$ 800						$ 800

Acquisitions, Goodwill And Ot_4

Acquisitions, Goodwill And Other Intangible Assets (Schedule of Business Acquisitions) (Details) - USD ($) $ in Thousands			1 Months Ended		6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Business Acquisition [Line Items]
Cash consideration, net of cash acquired					$ 51,789	$ 103,858
Goodwill	$ 554,828	$ 543,180			554,828
Measurement period adjustments					9,963
Girard
Business Acquisition [Line Items]
Cash consideration, net of cash acquired			$ 50,000
Fixed deferred consideration			20,000
Total fair value of consideration given			70,000
Identifiable intangible assets			45,020
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Other			13,673
Total fair value of net assets acquired			58,693
Goodwill			$ 11,307
Furrion
Business Acquisition [Line Items]
Cash consideration, net of cash acquired	50,534	50,534		$ 50,500
Fixed deferred consideration	61,191	61,191
Total fair value of consideration given	146,681	146,681		146,700
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Other	(7,677)	(9,518)			(7,677)
Total fair value of net assets acquired	90,723	100,682			90,723
Goodwill	55,958	45,999			55,958
Consideration transferred, settlement of receivable	34,956	34,956		$ 35,000
Other tangible assets					1,841
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Total					(9,959)
Measurement period adjustments					9,959
Furrion | Customer Relationships
Business Acquisition [Line Items]
Identifiable intangible assets	55,700	66,300			55,700
Intangible assets					(10,600)
Furrion | Other intangible assets
Business Acquisition [Line Items]
Identifiable intangible assets	$ 42,700	$ 43,900			42,700
Intangible assets					$ (1,200)

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, 2022 USD ($)
Segment Reporting Information
Net balance – beginning of period	$ 543,180
Acquisitions	12,093
Measurement period adjustments	9,963
Foreign currency translation	(10,408)
Net balance – end of period	554,828
OEM Segment
Segment Reporting Information
Net balance – beginning of period	379,463
Acquisitions	10,284
Measurement period adjustments	8,871
Foreign currency translation	(9,503)
Net balance – end of period	389,115
Aftermarket Segment
Segment Reporting Information
Net balance – beginning of period	163,717
Acquisitions	1,809
Measurement period adjustments	1,092
Foreign currency translation	(905)
Net balance – end of period	$ 165,713

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, 2022	Jun. 30, 2022	Dec. 31, 2021
Acquired Intangible Assets
Accumulated Amortization		$ 227,232	$ 202,675
Intangible Assets, Gross (Excluding Goodwill)		739,984	722,632
Intangible Assets, Net (Excluding Goodwill)		512,752	519,957
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
Customer Relationships
Acquired Intangible Assets
Finite-Lived Intangible Assets, Gross		506,528	487,853
Accumulated Amortization		144,573	127,048
Net Balance		$ 361,955	360,805
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	17 years	17 years
Patents
Acquired Intangible Assets
Finite-Lived Intangible Assets, Gross		$ 120,262	116,725
Accumulated Amortization		57,894	53,479
Net Balance		$ 62,368	63,246
Patents | Minimum
Acquired Intangible Assets
Estimated Useful Life in Years	3 years	3 years
Patents | Maximum
Acquired Intangible Assets
Estimated Useful Life in Years	20 years	20 years
Tradenames
Acquired Intangible Assets
Finite-Lived Intangible Assets, Gross		$ 93,703	93,994
Accumulated Amortization		17,979	16,497
Net Balance		$ 75,724	77,497
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		$ 11,582	11,464
Accumulated Amortization		6,566	5,439
Net Balance		$ 5,016	6,025
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		220	212
Net Balance		$ 89	$ 97
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, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 829,437	$ 833,992
Work in process	57,704	48,250
Finished goods	268,030	213,665
Inventories, net	$ 1,155,171	$ 1,095,907

Fixed Assets (Schedule Of Fixed

Fixed Assets (Schedule Of Fixed Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Fixed assets, at cost	$ 907,345	$ 842,462
Less accumulated depreciation and amortization	450,828	416,007
Fixed assets, net	$ 456,517	$ 426,455

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, 2022	Dec. 31, 2021	Jun. 30, 2021
Payables and Accruals [Abstract]
Employee compensation and benefits	$ 94,585	$ 85,760
Deferred acquisition payments and contingent consideration	54,523	39,307
Current portion of accrued warranty	40,172	33,874	$ 25,370
Other	106,158	84,497
Accrued expenses and other current liabilities	$ 295,438	$ 243,438

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, 2022	Jun. 30, 2021	Dec. 31, 2021
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Balance at beginning of period	$ 52,114	$ 47,091
Provision for warranty expense	28,164	12,304
Warranty liability from acquired businesses	0	125
Warranty costs paid	18,646	15,360
Balance at end of period	61,632	44,160
Less long-term portion	(21,460)	(18,790)
Current portion of accrued warranty	$ 40,172	$ 25,370	$ 33,874

Pension Plans (Details)

Pension Plans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Retirement Benefits [Abstract]
Net service cost	$ (1,020)	$ (1,107)	$ (2,090)	$ (2,216)
Interest cost	(263)	(166)	(539)	(332)
Expected return on plan assets	164	109	336	217
Administrative charges	(67)	(72)	(140)	(143)
Net periodic pension cost	$ (1,186)	$ (1,236)	$ (2,433)	$ (2,474)

Long-Term Indebtedness (Schedul

Long-Term Indebtedness (Schedule of Long-term Debt) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Unamortized deferred financing fees	$ (10,493)	$ (11,988)
Long-term debt	1,122,766	1,302,962
Less current portion	(20,979)	(71,003)
Long-term debt, excluding current maturities	1,101,787	1,231,959
Convertible Notes
Debt Instrument [Line Items]
Long-term debt, gross	460,000	460,000
Line of Credit
Debt Instrument [Line Items]
Long-term debt, gross	283,900	403,953
Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	385,000	395,000
Shelf Loan
Debt Instrument [Line Items]
Long-term debt, gross	0	50,000
Other
Debt Instrument [Line Items]
Long-term debt, gross	$ 4,359	$ 5,997

Long-Term Indebtedness (Narrati

Long-Term Indebtedness (Narrative) (Details)							6 Months Ended
	Dec. 07, 2021 USD ($)	May 13, 2021 USD ($) tradingDay	Dec. 19, 2019	Mar. 29, 2019 USD ($)	Dec. 14, 2018 USD ($)	Apr. 27, 2016 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)	Feb. 24, 2014 USD ($)
Line of Credit Facility
Long-term indebtedness							$ 1,101,787,000		$ 1,231,959,000
Proceeds from issuance of convertible notes							$ 0	$ 460,000,000
Percentage of equity interests of controlled foreign corporations (up to)							65%
Level 1
Line of Credit Facility
Convertible debt, fair value							$ 415,200,000
Term Loan
Line of Credit Facility
Debt, face amount	$ 400,000,000
Term Loan | Period one
Line of Credit Facility
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	1.25%
Debt term			2 years
Term Loan | Period two
Line of Credit Facility
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	1.875%
Term Loan | Period three
Line of Credit Facility
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	2.50%
Convertible Notes
Line of Credit Facility
Debt, face amount		$ 460,000,000
Stated interest rate		1.125%
Proceeds from issuance of convertible notes		$ 447,800,000
Debt, conversion ratio		0.0060369
Redemption price, percentage		100%
Amount of principal held		25%
Convertible Notes | Period one
Line of Credit Facility
Threshold trading days | tradingDay		20
Threshold consecutive trading days | tradingDay		30
Threshold percentage of stock price trigger		130%
Convertible Notes | Period two
Line of Credit Facility
Threshold percentage of stock price trigger		98%
JPMorgan Chase Bank And Wells Fargo Bank | Line of Credit
Line of Credit Facility
Letter of credit							29,400,000
Remaining availability under the facilities							$ 286,700,000
Commitment fee percentage							0.175%
JPMorgan Chase Bank And Wells Fargo Bank | Line of Credit | Minimum
Line of Credit Facility
Commitment fee percentage							0.15%
JPMorgan Chase Bank And Wells Fargo Bank | Line of Credit | Maximum
Line of Credit Facility
Commitment fee percentage							0.225%
JPMorgan Chase Bank And Wells Fargo Bank | Letter of Credit
Line of Credit Facility
Maximum borrowings under line of credit						$ 50,000,000
Prudential Investment Management Inc | Line of Credit
Line of Credit Facility
Long-term indebtedness				$ 50,000,000	$ 400,000,000
Remaining availability under the facilities										$ 200,000,000
Debt term				3 years
Interest rate during period				3.80%
Prudential Investment Management Inc | Line of Credit | New Term Loan, Amendment No. 4
Line of Credit Facility
Long-term indebtedness	$ 400,000,000
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					$ 600,000,000
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
Line of Credit Facility
Debt instrument, additional margin interest rate							0.125%
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%
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 Two | JPMorgan Chase Bank, N.A., Wells Fargo Bank, N.A., Bank of America, N.A., and 1st Source Bank | Line of Credit | LIBOR
Line of Credit Facility
Basis spread on variable rate							1.125%
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 | Minimum
Line of Credit Facility
Basis spread on variable rate							0.875%
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
Debt instrument, additional margin interest rate					1.625%

Leases (Components of Lease Cos

Leases (Components of Lease Cost) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Operating lease cost	$ 13,236	$ 11,317	$ 26,148	$ 20,415
Short-term lease cost	1,934	986	3,774	1,875
Variable lease cost	936	742	1,649	1,431
Total lease cost	$ 16,106	$ 13,045	$ 31,571	$ 23,721

Commitments And Contingencies_2

Commitments And Contingencies (Reconciliation Of Contingent Consideration Liability) (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)
Business Combination, Contingent Consideration, Reconciliation of Change in Liability [Roll Forward]
Balance at beginning of period		$ 6,911
Payments		(5,008)
Accretion		93
Fair value adjustments		(1,886)
Balance at end of the period	$ 110	110
Less current portion in accrued expenses and other current liabilities	(7)	(7)
Total long-term portion in other long-term liabilities	103	$ 103
Reduction to fair value	$ (1,900)

Stockholders' Equity (Summary O

Stockholders' Equity (Summary Of Common Stock Information) (Details) - shares shares in Thousands	Jun. 30, 2022	Dec. 31, 2021
Stockholders' Equity Note [Abstract]
Common stock authorized (in shares)	75,000	75,000
Common stock issued (in shares)	28,517	28,360
Treasury stock (in shares)	3,087	3,087
Common stock outstanding (in shares)	25,430	25,273

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, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash dividend (in usd per share)	$ 1.05	$ 0.9	$ 0.90	$ 0.90	$ 0.9	$ 0.75	$ 1.95		$ 3.45
Payment of dividends							$ 49,572	$ 41,678
Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payment of dividends	$ 26,702	$ 22,870	$ 22,746	$ 22,747	$ 22,739	$ 18,939	$ 49,572		$ 87,171

Stockholders' Equity (Stock Awa

Stockholders' Equity (Stock Awards and Units Activity) (Details)	6 Months Ended
	Jun. 30, 2022 $ / shares shares
Deferred And Restricted Stock Units
Number of Shares
Outstanding at beginning of period (in shares) | shares	285,711
Issued (in shares) | shares	2,602
Granted (in shares) | shares	156,701
Dividend equivalents (in shares) | shares	5,150
Forfeited (in shares) | shares	(4,054)
Vested (in shares) | shares	(167,343)
Outstanding at end of period (in shares) | shares	278,767
Weighted Average Price
Outstanding at beginning of period (in usd per share) | $ / shares	$ 110.41
Issued (in usd per share) | $ / shares	107.52
Granted (in usd per share) | $ / shares	120.61
Dividend equivalents (in usd per share) | $ / shares	104.86
Forfeited (in usd per share) | $ / shares	118.69
Vested (in usd per share) | $ / shares	95.95
Outstanding at end of period (in usd per share) | $ / shares	$ 121.58
Stock Awards and Performance Stock Units
Number of Shares
Outstanding at beginning of period (in shares) | shares	149,961
Granted (in shares) | shares	91,988
Dividend equivalents (in shares) | shares	2,918
Forfeited (in shares) | shares	(4,840)
Vested (in shares) | shares	(80,938)
Outstanding at end of period (in shares) | shares	159,089
Weighted Average Price
Outstanding at beginning of period (in usd per share) | $ / shares	$ 104.01
Granted (in usd per share) | $ / shares	110.83
Dividend equivalents (in usd per share) | $ / shares	104.85
Forfeited (in usd per share) | $ / shares	78.11
Vested (in usd per share) | $ / shares	82.40
Outstanding at end of period (in usd per share) | $ / shares	$ 120.12

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		1 Months Ended	3 Months Ended		6 Months Ended
	May 13, 2021	May 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Debt Instrument [Line Items]
Purchases of convertible note hedge contracts		$ 100,100			$ 0	$ 100,142
Equity instruments excluded from diluted net earnings per share calculation as the effect would have been antidilutive (in shares)			112	139	111	143
Deferred tax asset recognized through equity					$ 24,400
Number of shares called by warrant	2,800
Warrant, strike price (in dollars per share)	$ 259.84
Warrant premium	100%
Proceeds from issuance of warrants concurrent with note hedge contracts	$ 48,500				$ 0	$ 48,484
Convertible Notes
Debt Instrument [Line Items]
Conversion price			$ 165.65		$ 165.65
Convertible Debt Securities
Debt Instrument [Line Items]
Equity instruments excluded from diluted net earnings per share calculation as the effect would have been antidilutive (in shares)					2,800

Fair Value Measurements (Assets

Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Pension plan assets	$ 33,095	$ 52,296
Contingent consideration	110	6,911
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Pension plan assets	0	0
Contingent consideration	0	0
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Pension plan assets		0
Contingent consideration	0	0
Level 2 | Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Pension plan assets	0
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Pension plan assets		52,296
Contingent consideration	110	$ 6,911
Level 3 | Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Pension plan assets	$ 33,095

Segment Reporting (Narrative) (

Segment Reporting (Narrative) (Details) - segment	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information
Number of reportable segments	2
Product Concentration Risk | Net sales | OEM Segment
Segment Reporting Information
Concentration risk, percentage	84%	80%
Product Concentration Risk | Net sales | Travel trailers and fifth-wheels
Segment Reporting Information
Concentration risk, percentage	66%
Product Concentration Risk | Net sales | Aftermarket Segment
Segment Reporting Information
Concentration risk, percentage	16%	20%

Segment Reporting (Disaggregati

Segment Reporting (Disaggregation of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Net sales	$ 1,536,150	$ 1,093,720	$ 3,180,718	$ 2,093,978
OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	1,276,278	864,654	2,672,860	1,680,904
Travel trailers and fifth-wheels
Disaggregation of Revenue [Line Items]
Net sales	814,509	527,614	1,767,735	1,030,630
Motorhomes
Disaggregation of Revenue [Line Items]
Net sales	91,480	67,253	178,734	129,846
Adjacent industries OEMs
Disaggregation of Revenue [Line Items]
Net sales	370,289	269,787	726,391	520,428
Aftermarket Segment
Disaggregation of Revenue [Line Items]
Net sales	259,872	229,066	507,858	413,074
Chassis, chassis parts and slide-out mechanisms | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	486,591	309,237	1,046,311	596,298
Windows and doors | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	301,985	256,722	632,343	506,642
Furniture and mattresses | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	229,520	168,804	471,746	324,048
Axles and suspension solutions | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	93,378	60,850	190,423	115,972
Other | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	164,804	69,041	332,037	137,944
U.S.
Disaggregation of Revenue [Line Items]
Net sales	1,428,284	991,078	2,967,880	1,900,129
U.S. | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	1,188,038	781,081	2,497,467	1,518,722
U.S. | Travel trailers and fifth-wheels
Disaggregation of Revenue [Line Items]
Net sales	800,315	508,810	1,737,950	995,352
U.S. | Motorhomes
Disaggregation of Revenue [Line Items]
Net sales	64,008	39,776	124,154	79,193
U.S. | Adjacent industries OEMs
Disaggregation of Revenue [Line Items]
Net sales	323,715	232,495	635,363	444,177
U.S. | Aftermarket Segment
Disaggregation of Revenue [Line Items]
Net sales	240,246	209,997	470,413	381,407
International
Disaggregation of Revenue [Line Items]
Net sales	107,866	102,642	212,838	193,849
International | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	88,240	83,573	175,393	162,182
International | Travel trailers and fifth-wheels
Disaggregation of Revenue [Line Items]
Net sales	14,194	18,804	29,785	35,278
International | Motorhomes
Disaggregation of Revenue [Line Items]
Net sales	27,472	27,477	54,580	50,653
International | Adjacent industries OEMs
Disaggregation of Revenue [Line Items]
Net sales	46,574	37,292	91,028	76,251
International | Aftermarket Segment
Disaggregation of Revenue [Line Items]
Net sales	$ 19,626	$ 19,069	$ 37,445	$ 31,667

Segment Reporting (Schedule of

Segment Reporting (Schedule of Operating Profit by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information
Operating profit	$ 218,789	$ 93,982	$ 488,490	$ 195,413
Operating Segments | OEM Segment
Segment Reporting Information
Operating profit	190,577	63,334	435,951	142,621
Operating Segments | Aftermarket Segment
Segment Reporting Information
Operating profit	$ 28,212	$ 30,648	$ 52,539	$ 52,792