LCI Industries (LCII) 10-Q 7 Nov 23 2023 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2023	Oct. 31, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
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	2023
Document Fiscal Period Focus	Q3
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		25,324,579

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Net sales	$ 959,315	$ 1,132,079	$ 2,947,264	$ 4,312,797
Cost of sales	748,367	879,025	2,332,125	3,186,415
Gross profit	210,948	253,054	615,139	1,126,382
Selling, general and administrative expenses	165,358	165,479	494,332	550,317
Operating profit	45,590	87,575	120,807	576,065
Interest expense, net	10,325	6,910	30,968	19,353
Income before income taxes	35,265	80,665	89,839	556,712
Provision for income taxes	9,378	19,273	23,267	144,609
Net income	$ 25,887	$ 61,392	$ 66,572	$ 412,103
Net income per common share:
Basic (in usd per share)	$ 1.02	$ 2.41	$ 2.63	$ 16.23
Diluted (in usd per share)	$ 1.02	$ 2.40	$ 2.62	$ 16.15
Weighted average common shares outstanding:
Basic (in shares)	25,340	25,447	25,293	25,398
Diluted (in shares)	25,504	25,600	25,405	25,520

Condensed Consolidated Statem_2

Condensed Consolidated Statement Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 25,887	$ 61,392	$ 66,572	$ 412,103
Other comprehensive (loss) income:
Net foreign currency translation adjustment	(2,995)	(12,197)	(232)	(28,767)
Actuarial gain (loss) on pension plans	0	(125)	100	13,860
Total comprehensive income	$ 22,892	$ 49,070	$ 66,440	$ 397,196

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 31,242	$ 47,499
Accounts receivable, net of allowances of $7,491 and $5,904 at September 30, 2023 and December 31, 2022, respectively	338,847	214,262
Inventories, net	791,884	1,029,705
Prepaid expenses and other current assets	68,666	99,310
Total current assets	1,230,639	1,390,776
Fixed assets, net	472,518	482,185
Goodwill	579,912	567,063
Other intangible assets, net	462,412	503,320
Operating lease right-of-use assets	233,740	247,007
Other long-term assets	54,586	56,561
Total assets	3,033,807	3,246,912
Current liabilities
Current maturities of long-term indebtedness	566	23,086
Accounts payable, trade	198,914	143,529
Current portion of operating lease obligations	34,642	35,447
Accrued expenses and other current liabilities	179,894	219,238
Total current liabilities	414,016	421,300
Long-term indebtedness	908,245	1,095,888
Operating lease obligations	211,289	222,478
Deferred taxes	25,281	30,580
Other long-term liabilities	102,836	95,658
Total liabilities	1,661,667	1,865,904
Stockholders’ equity
Common stock, par value $.01 per share	287	285
Paid-in capital	240,972	234,956
Retained earnings	1,206,525	1,221,279
Accumulated other comprehensive income	6,572	6,704
Stockholders' equity before treasury stock	1,454,356	1,463,224
Treasury stock, at cost	(82,216)	(82,216)
Total stockholders' equity	1,372,140	1,381,008
Total liabilities and stockholders' equity	$ 3,033,807	$ 3,246,912

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Accounts receivable, allowances	$ 7,491	$ 5,904
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					9 Months Ended		12 Months Ended
	Sep. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Cash flows from operating activities:
Net income	$ 25,887	$ 7,259		$ 61,392	$ 196,181	$ 66,572	$ 412,103
Adjustments to reconcile net income to cash flows provided by operating activities:
Depreciation and amortization						98,818	95,966
Stock-based compensation expense						14,027	20,564
Deferred taxes						0	(2,401)
Other non-cash items						4,611	1,174
Changes in assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net						(121,914)	(18,128)
Inventories, net						246,155	26,508
Prepaid expenses and other assets						31,237	31,304
Accounts payable, trade						54,817	(82,054)
Accrued expenses and other liabilities						(5,060)	471
Net cash flows provided by operating activities						389,263	485,507
Cash flows from investing activities:
Capital expenditures						(50,060)	(103,748)
Acquisitions of businesses						(25,851)	(55,709)
Other investing activities						4,284	2,137
Net cash flows used in investing activities						(71,627)	(157,320)
Cash flows from financing activities:
Vesting of stock-based awards, net of shares tendered for payment of taxes						(9,591)	(10,805)
Proceeds from revolving credit facility						248,900	844,900
Repayments under revolving credit facility						(414,554)	(1,001,040)
Repayments under shelf loan, term loan, and other borrowings						(45,767)	(65,852)
Payment of dividends						(79,744)	(76,273)
Payment of contingent consideration and holdbacks related to acquisitions						(31,857)	(57,328)
Other financing activities						(834)	1,468
Net cash flows used in financing activities						(333,447)	(364,930)
Effect of exchange rate changes on cash and cash equivalents						(446)	(2,750)
Net decrease in cash and cash equivalents						(16,257)	(39,493)
Cash and cash equivalents at beginning of period		$ 47,499	$ 23,403		$ 62,896	47,499	62,896	$ 62,896
Cash and cash equivalents at end of period	$ 31,242		$ 47,499	$ 23,403		31,242	23,403	$ 47,499
Supplemental disclosure of cash flow information:
Cash paid during the period for interest						29,459	16,326
Cash paid during the period for income taxes, net of refunds						7,531	144,121
Purchase of property and equipment in accrued expenses						$ 451	$ 2,019

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, 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	412,103
Ending balance at Sep. 30, 2022	1,423,557	285	231,518	1,265,324	(15,408)	(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)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	61,392			61,392
Issuance of shares of common stock pursuant to stock-based awards, net of shares tendered for payment of taxes	(32)		(32)
Stock-based compensation expense	6,863		6,863
Other comprehensive income (loss)	(12,322)				(12,322)
Cash dividends	(26,701)			(26,701)
Dividend equivalents on stock-based awards	0		456	(456)
Ending balance at Sep. 30, 2022	1,423,557	285	231,518	1,265,324	(15,408)	(58,162)
Beginning balance at Dec. 31, 2022	1,381,008	285	234,956	1,221,279	6,704	(82,216)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	7,259			7,259
Issuance of shares of common stock pursuant to stock-based awards, net of shares tendered for payment of taxes	(8,888)	1	(8,889)
Stock-based compensation expense	4,695		4,695
Other comprehensive income (loss)	2,000				2,000
Cash dividends	(26,563)			(26,563)
Dividend equivalents on stock-based awards	0		532	(532)
Ending balance at Mar. 31, 2023	1,359,511	286	231,294	1,201,443	8,704	(82,216)
Beginning balance at Dec. 31, 2022	1,381,008	285	234,956	1,221,279	6,704	(82,216)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	66,572
Ending balance at Sep. 30, 2023	1,372,140	287	240,972	1,206,525	6,572	(82,216)
Beginning balance at Mar. 31, 2023	1,359,511	286	231,294	1,201,443	8,704	(82,216)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	33,426			33,426
Issuance of shares of common stock pursuant to stock-based awards, net of shares tendered for payment of taxes	(697)	0	(697)
Stock-based compensation expense	4,385		4,385
Other comprehensive income (loss)	863				863
Cash dividends	(26,591)			(26,591)
Dividend equivalents on stock-based awards	0		525	(525)
Ending balance at Jun. 30, 2023	1,370,897	286	235,507	1,207,753	9,567	(82,216)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	25,887
Issuance of shares of common stock pursuant to stock-based awards, net of shares tendered for payment of taxes	(6)	1	(7)
Stock-based compensation expense	4,947		4,947
Other comprehensive income (loss)	(2,995)				(2,995)
Cash dividends	(26,590)			(26,590)
Dividend equivalents on stock-based awards	0		525	(525)
Ending balance at Sep. 30, 2023	$ 1,372,140	$ 287	$ 240,972	$ 1,206,525	$ 6,572	$ (82,216)

Condensed Consolidated Statem_5

Condensed Consolidated Statement Of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022
Statement of Stockholders' Equity [Abstract]
Issuance of common stock (in shares)	146	26,445	119,091	578	18,245	138,208
Cash dividend (in usd per share)	$ 1.05	$ 1.05	$ 1.05	$ 1.05	$ 1.05	$ 0.90

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2023
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, transportation products, and housing markets, consisting primarily of recreational vehicles ("RVs") and adjacent industries including boats; buses; trailers used to haul boats, livestock, equipment, and other cargo; trucks; 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 September 30, 2023, the Company operated 120 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 other factors such as a global health crisis or natural disaster. Additionally, many of the optional upgrades and non-critical replacement parts for RVs are purchased outside the normal product selling season, thereby causing certain Aftermarket Segment sales to be counter-seasonal. 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. Certain prior year balances have been reclassified to conform to the current year presentation. 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. Risks and Uncertainties Negative conditions in the general economy in the United States or abroad, including conditions resulting from financial and credit market fluctuations, increased inflation and interest rates, changes in economic policy, trade uncertainty, including changes in tariffs, sanctions, international treaties, and other trade restrictions, including geopolitical tensions, armed conflicts, natural disasters or global public health crises, have negatively impacted, and could continue to negatively impact, the Company’s business, liquidity, financial condition and results of operations.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2023
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, 2022 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	9 Months Ended
	Sep. 30, 2023
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 Nine Months Ended (In thousands) 2023 2022 2023 2022 Weighted average shares outstanding for basic earnings per share 25,340 25,447 25,293 25,398 Common stock equivalents pertaining to stock-based awards 164 153 112 122 Weighted average shares outstanding for diluted earnings per share 25,504 25,600 25,405 25,520 Equity instruments excluded from diluted net earnings per share calculation as the effect would have been antidilutive 167 113 164 112 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 each of the three and nine months ended September 30, 2023, 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 shares of common stock 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 each of the three and nine months ended September 30, 2023, 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	9 Months Ended
	Sep. 30, 2023
Acquisitions, Goodwill And Other Intangible Assets [Abstract]
Acquisitions, Goodwill And Other Intangible Assets	ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS Acquisitions Completed During the Nine Months Ended September 30, 2023 During the nine months ended September 30, 2023, the Company completed two acquisitions for an aggregate $25.8 million of cash purchase consideration, plus holdback payments of $0.5 million to be paid over two years. The preliminary purchase price allocations resulted in $16.7 million of goodwill (tax deductible). As these acquisitions 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. Acquisitions with Measurement Period Adjustments During the Nine Months Ended September 30, 2023 Way In November 2022, the Company acquired substantially all of the business assets of Way Interglobal Network LLC ("Way"), a distributor of innovative appliances and electronics to OEMs in the RV industry. The purchase price was $54.8 million, which includes a holdback payment of $2.0 million due on the first anniversary of the acquisition in November 2023, and remains subject to adjustment as a result of net working capital true-up procedures. 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. During the nine months ended September 30, 2023, the Company adjusted the preliminary purchase price allocation reported in the Company's December 31, 2022 Annual Report on Form 10-K 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 further 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). 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, 2022 $ 399,736 $ 167,327 $ 567,063 Acquisitions – 2023 16,748 — 16,748 Measurement period adjustments (2,905) (143) (3,048) Foreign currency translation (625) (226) (851) Net balance – September 30, 2023 $ 412,954 $ 166,958 $ 579,912 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 September 30, 2023: (In thousands) Gross Accumulated Net Estimated Useful Customer relationships $ 508,625 $ 180,810 $ 327,815 6 to 20 Patents 118,914 67,164 51,750 3 to 20 Trade names (finite life) 98,169 25,503 72,666 3 to 20 Trade names (indefinite life) 7,600 — 7,600 Indefinite Non-compete agreements 10,334 8,085 2,249 3 to 6 Other 609 277 332 2 to 12 Other intangible assets $ 744,251 $ 281,839 $ 462,412 Other intangible assets consisted of the following at December 31, 2022: (In thousands) Gross Accumulated Net Estimated Useful Customer relationships $ 520,273 $ 163,562 $ 356,711 6 to 20 Patents 121,167 62,841 58,326 3 to 20 Trade names (finite life) 97,810 21,380 76,430 3 to 20 Trade names (indefinite life) 7,600 — 7,600 Indefinite Non-compete agreements 11,584 7,698 3,886 3 to 6 Other 609 242 367 2 to 12 Other intangible assets $ 759,043 $ 255,723 $ 503,320
Acquisitions, Goodwill And Other Intangible Assets	ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS Acquisitions Completed During the Nine Months Ended September 30, 2023 During the nine months ended September 30, 2023, the Company completed two acquisitions for an aggregate $25.8 million of cash purchase consideration, plus holdback payments of $0.5 million to be paid over two years. The preliminary purchase price allocations resulted in $16.7 million of goodwill (tax deductible). As these acquisitions 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. Acquisitions with Measurement Period Adjustments During the Nine Months Ended September 30, 2023 Way In November 2022, the Company acquired substantially all of the business assets of Way Interglobal Network LLC ("Way"), a distributor of innovative appliances and electronics to OEMs in the RV industry. The purchase price was $54.8 million, which includes a holdback payment of $2.0 million due on the first anniversary of the acquisition in November 2023, and remains subject to adjustment as a result of net working capital true-up procedures. 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. During the nine months ended September 30, 2023, the Company adjusted the preliminary purchase price allocation reported in the Company's December 31, 2022 Annual Report on Form 10-K 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 further 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). 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, 2022 $ 399,736 $ 167,327 $ 567,063 Acquisitions – 2023 16,748 — 16,748 Measurement period adjustments (2,905) (143) (3,048) Foreign currency translation (625) (226) (851) Net balance – September 30, 2023 $ 412,954 $ 166,958 $ 579,912 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 September 30, 2023: (In thousands) Gross Accumulated Net Estimated Useful Customer relationships $ 508,625 $ 180,810 $ 327,815 6 to 20 Patents 118,914 67,164 51,750 3 to 20 Trade names (finite life) 98,169 25,503 72,666 3 to 20 Trade names (indefinite life) 7,600 — 7,600 Indefinite Non-compete agreements 10,334 8,085 2,249 3 to 6 Other 609 277 332 2 to 12 Other intangible assets $ 744,251 $ 281,839 $ 462,412 Other intangible assets consisted of the following at December 31, 2022: (In thousands) Gross Accumulated Net Estimated Useful Customer relationships $ 520,273 $ 163,562 $ 356,711 6 to 20 Patents 121,167 62,841 58,326 3 to 20 Trade names (finite life) 97,810 21,380 76,430 3 to 20 Trade names (indefinite life) 7,600 — 7,600 Indefinite Non-compete agreements 11,584 7,698 3,886 3 to 6 Other 609 242 367 2 to 12 Other intangible assets $ 759,043 $ 255,723 $ 503,320

Inventories

Inventories	9 Months Ended
	Sep. 30, 2023
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: September 30, December 31, (In thousands) 2023 2022 Raw materials $ 484,290 $ 600,601 Work in process 48,657 44,850 Finished goods 258,937 384,254 Inventories, net $ 791,884 $ 1,029,705 At September 30, 2023 and December 31, 2022, the Company had recorded inventory obsolescence reserves of $63.0 million and $55.9 million, respectively.

Fixed Assets

Fixed Assets	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Fixed Assets	FIXED ASSETS Fixed assets consisted of the following at: September 30, December 31, (In thousands) 2023 2022 Fixed assets, at cost $ 986,179 $ 945,255 Less accumulated depreciation and amortization 513,661 463,070 Fixed assets, net $ 472,518 $ 482,185

Accrued Expenses And Other Curr

Accrued Expenses And Other Current Liabilities	9 Months Ended
	Sep. 30, 2023
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: September 30, December 31, (In thousands) 2023 2022 Employee compensation and benefits $ 58,810 $ 77,804 Current portion of accrued warranty 44,209 35,148 Customer rebates 20,893 12,138 Deferred acquisition payments and contingent consideration* 2,581 34,013 Other 53,401 60,135 Accrued expenses and other current liabilities $ 179,894 $ 219,238 * Includes current portion of contingent consideration (Note 10) 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 nine months ended September 30: (In thousands) 2023 2022 Balance at beginning of period $ 54,528 $ 52,114 Provision for warranty expense 60,691 36,362 Warranty costs paid (49,110) (29,373) Balance at end of period 66,109 59,103 Less long-term portion (21,900) (19,520) Current portion of accrued warranty at end of period $ 44,209 $ 39,583

Long-Term Indebtedness

Long-Term Indebtedness	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Long-Term Indebtedness	LONG-TERM INDEBTEDNESS Long-term debt consisted of the following: September 30, December 31, (In thousands) 2023 2022 Convertible Notes $ 460,000 $ 460,000 Term Loan 330,000 375,000 Revolving Credit Loan 122,742 289,067 Other 3,258 3,959 Unamortized deferred financing fees (7,189) (9,052) 908,811 1,118,974 Less current portion (566) (23,086) Long-term indebtedness $ 908,245 $ 1,095,888 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 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 Company prepaid $30.0 million of principal on the Term Loan during the three months ended September 30, 2023. This prepayment was applied to pay in full the scheduled principal amortization payments due through September 30, 2024. 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 and the satisfaction of certain other conditions. 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 0.875 percent (0.750 percent was applicable at September 30, 2023) depending on the Company’s total net leverage ratio or (ii) term benchmark loans which bear interest at term Secured Overnight Financing Rate ("SOFR") plus a credit spread adjustment of 0.1 percent for an interest period selected by the Company plus additional interest ranging from 0.875 percent to 1.875 percent (1.750 percent was applicable at September 30, 2023) depending on the Company’s total net leverage ratio. Foreign currency borrowings have the same additional interest margins applicable to term benchmark loans based on the Company's total net leverage ratio. At September 30, 2023, the Company had $4.6 million in issued, but undrawn, standby letters of credit under the LC Facility. Availability under the Company’s revolving credit facility, giving effect to certain limitations related to compliance with the maximum net leverage ratio covenant, was $178.5 million at September 30, 2023. A commitment fee ranging from 0.150 percent to 0.275 percent (0.250 percent was applicable at September 30, 2023) 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 had a $150.0 million 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 expired on November 11, 2022. Convertible Notes On May 13, 2021, the Company issued $460.0 million in aggregate principal amount of 1.125 percent Convertible 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 September 30, 2023, the conversion rate of the Convertible Notes was 6.1615 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 certain circumstances as set forth 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. 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 $425.5 million at September 30, 2023 was estimated using Level 1 inputs, as it is based on quoted prices for these instruments in active markets. General At September 30, 2023, 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. Pursuant to the Credit Agreement, 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. On May 23, 2023, the Company entered into an amendment to the Credit Agreement that, among other things, provided for adjustments to certain of the financial covenants by increasing the maximum total net leverage ratio and decreasing the minimum debt service coverage ratio, in each case for the two fiscal quarters ending June 30, 2023 and September 30, 2023. At September 30, 2023, the Company was in compliance with all financial covenants. The Credit Agreement includes 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 reduced the Company's remaining availability under its revolving credit facility at September 30, 2023. The Company believes the availability of $178.5 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	9 Months Ended
	Sep. 30, 2023
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 components of lease expense were as follows: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2023 2022 2023 2022 Operating lease expense $ 14,796 $ 14,081 $ 45,710 $ 40,229 Short-term lease expense 1,140 2,019 3,927 5,793 Variable lease expense 1,154 1,175 3,354 2,824 Total lease expense $ 17,090 $ 17,275 $ 52,991 $ 48,846

Commitments And Contingencies

Commitments And Contingencies	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments And Contingencies	COMMITMENTS AND CONTINGENCIES Holdback Payments and Contingent Consideration From time to time, the Company finances a portion of its business combinations with deferred acquisition payments ("holdback payments") and/or contingent earnout provisions. Holdback payments are accrued at their discounted present value. As required, the liability for 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. See Note 4 - Acquisitions, Goodwill and Other Intangible Assets for information on certain holdback payments. Contingent consideration balances were not material at September 30, 2023. 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 September 30, 2023, would not be material to the Company's financial position or results of operations.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2023
Stockholders' Equity Note [Abstract]
Stockholders' Equity	STOCKHOLDERS' EQUITY The following table summarizes information about shares of the Company's common stock at: September 30, December 31, (In thousands) 2023 2022 Common stock authorized 75,000 75,000 Common stock issued 28,665 28,519 Treasury stock 3,341 3,341 Common stock outstanding 25,324 25,178 The table below summarizes the regular quarterly dividends declared and paid during the periods ended September 30, 2023 and December 31, 2022: (In thousands, except per share data) Per Share Record Date Payment Date Total Paid 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 Third Quarter 2022 1.05 09/02/22 09/16/22 26,701 Fourth Quarter 2022 1.05 12/02/22 12/16/22 26,453 Total 2022 $ 4.05 $ 102,726 First Quarter 2023 $ 1.05 03/10/23 03/24/23 $ 26,563 Second Quarter 2023 1.05 06/02/23 06/16/23 26,591 Third Quarter 2023 1.05 09/01/23 09/15/23 26,590 Total 2023 $ 3.15 $ 79,744 Deferred and Restricted Stock Units The LCI Industries 2018 Omnibus Incentive Plan (the "2018 Plan") provides for the grant or issuance of stock units, including those that have deferral periods, such as deferred stock units ("DSUs"), and those with time-based vesting provisions, such as restricted stock units ("RSUs"), to directors, employees, and other eligible persons. Recipients of DSUs and RSUs are entitled to receive shares at the end of a specified vesting or deferral period. Holders of DSUs and RSUs receive dividend equivalents based on dividends granted to holders of the common stock, which dividend equivalents are payable in additional DSUs and RSUs, and are subject to the same vesting criteria as the original grant. DSUs vest (i) ratably over the service period, (ii) at a specified future date, or (iii) for certain officers, based on achievement of specified performance conditions. RSUs vest (i) ratably over the service period or (ii) at a specified future date. In addition, DSUs are issued in lieu of certain cash compensation. Transactions in DSUs and RSUs under the 2018 Plan are summarized as follows: Number of Shares Weighted Average Price Outstanding at December 31, 2022 277,774 $ 120.92 Issued 2,464 117.44 Granted 159,640 114.22 Dividend equivalents 8,275 114.46 Forfeited (20,853) 121.11 Vested (129,786) 112.28 Outstanding at September 30, 2023 297,514 $ 118.49 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, 2022 162,381 $ 120.12 Granted 140,953 108.42 Dividend equivalents 5,517 114.61 Forfeited (3,245) 96.55 Vested (100,046) 101.11 Outstanding at September 30, 2023 205,560 $ 122.57 Stock Repurchase Program On May 19, 2022, the Company's Board of Directors authorized a stock repurchase program granting the Company authority to repurchase up to $200.0 million of the Company's common stock over a three-year period, ending on May 19, 2025. The timing of stock repurchases and the number of shares will depend upon the market conditions and other factors. Share repurchases, if any, will be made in the open market and in privately negotiated transactions in accordance with applicable securities laws. The stock repurchase program may be modified, suspended, or terminated at any time by the Board of Directors. In 2022, the Company purchased 253,490 shares at a weighted average price of $94.89 per share, totaling $24.1 million. No purchases were made during the nine months ended September 30, 2023.

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Segment Reporting	SEGMENT REPORTING The Company has two reportable segments, the OEM Segment and the Aftermarket Segment. Intersegment sales are insignificant. The OEM Segment, which accounted for 76 percent and 83 percent of consolidated net sales for the nine months ended September 30, 2023 and 2022, respectively, manufactures and distributes a broad array of engineered components for the leading OEMs in the recreation, transportation products, and housing markets, consisting primarily of RVs and adjacent industries, including boats; buses; trailers used to haul boats, livestock, equipment, and other cargo; trucks; trains; manufactured homes; and modular housing. Approximately 46 percent of the Company's OEM Segment net sales for the nine months ended September 30, 2023 were of components for travel trailer and fifth-wheel RVs. The Aftermarket Segment, which accounted for 24 percent and 17 percent of consolidated net sales for the nine months ended September 30, 2023 and 2022, respectively, supplies engineered components to the related aftermarket channels of the recreation, transportation products, and housing 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, tankless water heaters, 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, 2022. 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 September 30, 2023 Three Months Ended September 30, 2022 (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 $ 352,774 $ 10,799 $ 363,573 $ 480,207 $ 13,308 $ 493,515 Motorhomes 40,254 25,415 65,669 60,964 21,958 82,922 Adjacent Industries OEMs 254,355 44,870 299,225 295,173 40,810 335,983 Total OEM Segment net sales 647,383 81,084 728,467 836,344 76,076 912,420 Aftermarket Segment: Total Aftermarket Segment net sales 212,647 18,201 230,848 203,106 16,553 219,659 Total net sales $ 860,030 $ 99,285 $ 959,315 $ 1,039,450 $ 92,629 $ 1,132,079 Nine Months Ended September 30, 2023 Nine Months Ended September 30, 2022 (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 $ 994,581 $ 38,285 $ 1,032,866 $ 2,218,157 $ 43,093 $ 2,261,250 Motorhomes 124,946 81,458 206,404 185,118 76,538 261,656 Adjacent Industries OEMs 862,176 144,202 1,006,378 930,536 131,838 1,062,374 Total OEM Segment net sales 1,981,703 263,945 2,245,648 3,333,811 251,469 3,585,280 Aftermarket Segment: Total Aftermarket Segment net sales 648,034 53,582 701,616 673,519 53,998 727,517 Total net sales $ 2,629,737 $ 317,527 $ 2,947,264 $ 4,007,330 $ 305,467 $ 4,312,797 (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 Nine Months Ended (In thousands) 2023 2022 2023 2022 Operating profit: OEM Segment $ 11,165 $ 65,186 $ 29,086 $ 501,137 Aftermarket Segment 34,425 22,389 91,721 74,928 Total operating profit $ 45,590 $ 87,575 $ 120,807 $ 576,065 The following table presents the Company's revenue disaggregated by product: Three Months Ended Nine Months Ended (In thousands) 2023 2022 2023 2022 OEM Segment: Chassis, chassis parts, and slide-out mechanisms $ 202,429 $ 295,256 $ 603,221 $ 1,341,567 Windows and doors 214,135 244,011 652,840 876,354 Furniture and mattresses 104,266 179,710 370,175 651,456 Axles and suspension solutions 82,083 67,343 246,466 257,766 Other 125,554 126,100 372,946 458,137 Total OEM Segment net sales 728,467 912,420 2,245,648 3,585,280 Total Aftermarket Segment net sales 230,848 219,659 701,616 727,517 Total net sales $ 959,315 $ 1,132,079 $ 2,947,264 $ 4,312,797

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 25,887	$ 33,426	$ 7,259	$ 61,392	$ 154,530	$ 196,181	$ 66,572	$ 412,103

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2023
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)	9 Months Ended
	Sep. 30, 2023
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 Nine Months Ended (In thousands) 2023 2022 2023 2022 Weighted average shares outstanding for basic earnings per share 25,340 25,447 25,293 25,398 Common stock equivalents pertaining to stock-based awards 164 153 112 122 Weighted average shares outstanding for diluted earnings per share 25,504 25,600 25,405 25,520 Equity instruments excluded from diluted net earnings per share calculation as the effect would have been antidilutive 167 113 164 112

Acquisitions, Goodwill And Ot_2

Acquisitions, Goodwill And Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2023
Acquisitions, Goodwill And Other Intangible Assets [Abstract]
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, 2022 $ 399,736 $ 167,327 $ 567,063 Acquisitions – 2023 16,748 — 16,748 Measurement period adjustments (2,905) (143) (3,048) Foreign currency translation (625) (226) (851) Net balance – September 30, 2023 $ 412,954 $ 166,958 $ 579,912
Schedule of Other Intangible Assets	Other intangible assets consisted of the following at September 30, 2023: (In thousands) Gross Accumulated Net Estimated Useful Customer relationships $ 508,625 $ 180,810 $ 327,815 6 to 20 Patents 118,914 67,164 51,750 3 to 20 Trade names (finite life) 98,169 25,503 72,666 3 to 20 Trade names (indefinite life) 7,600 — 7,600 Indefinite Non-compete agreements 10,334 8,085 2,249 3 to 6 Other 609 277 332 2 to 12 Other intangible assets $ 744,251 $ 281,839 $ 462,412 Other intangible assets consisted of the following at December 31, 2022: (In thousands) Gross Accumulated Net Estimated Useful Customer relationships $ 520,273 $ 163,562 $ 356,711 6 to 20 Patents 121,167 62,841 58,326 3 to 20 Trade names (finite life) 97,810 21,380 76,430 3 to 20 Trade names (indefinite life) 7,600 — 7,600 Indefinite Non-compete agreements 11,584 7,698 3,886 3 to 6 Other 609 242 367 2 to 12 Other intangible assets $ 759,043 $ 255,723 $ 503,320

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2023
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: September 30, December 31, (In thousands) 2023 2022 Raw materials $ 484,290 $ 600,601 Work in process 48,657 44,850 Finished goods 258,937 384,254 Inventories, net $ 791,884 $ 1,029,705

Fixed Assets (Tables)

Fixed Assets (Tables)	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule Of Fixed Assets	Fixed assets consisted of the following at: September 30, December 31, (In thousands) 2023 2022 Fixed assets, at cost $ 986,179 $ 945,255 Less accumulated depreciation and amortization 513,661 463,070 Fixed assets, net $ 472,518 $ 482,185

Accrued Expenses And Other Cu_2

Accrued Expenses And Other Current Liabilities (Tables)	9 Months Ended
	Sep. 30, 2023
Payables and Accruals [Abstract]
Schedule Of Accrued Expenses And Other Current Liabilities	Accrued expenses and other current liabilities consisted of the following at: September 30, December 31, (In thousands) 2023 2022 Employee compensation and benefits $ 58,810 $ 77,804 Current portion of accrued warranty 44,209 35,148 Customer rebates 20,893 12,138 Deferred acquisition payments and contingent consideration* 2,581 34,013 Other 53,401 60,135 Accrued expenses and other current liabilities $ 179,894 $ 219,238 * Includes current portion of contingent consideration (Note 10) 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 nine months ended September 30: (In thousands) 2023 2022 Balance at beginning of period $ 54,528 $ 52,114 Provision for warranty expense 60,691 36,362 Warranty costs paid (49,110) (29,373) Balance at end of period 66,109 59,103 Less long-term portion (21,900) (19,520) Current portion of accrued warranty at end of period $ 44,209 $ 39,583

Long-Term Indebtedness (Tables)

Long-Term Indebtedness (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term debt consisted of the following: September 30, December 31, (In thousands) 2023 2022 Convertible Notes $ 460,000 $ 460,000 Term Loan 330,000 375,000 Revolving Credit Loan 122,742 289,067 Other 3,258 3,959 Unamortized deferred financing fees (7,189) (9,052) 908,811 1,118,974 Less current portion (566) (23,086) Long-term indebtedness $ 908,245 $ 1,095,888

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2023
Leases [Abstract]
Components of Lease Cost	The components of lease expense were as follows: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2023 2022 2023 2022 Operating lease expense $ 14,796 $ 14,081 $ 45,710 $ 40,229 Short-term lease expense 1,140 2,019 3,927 5,793 Variable lease expense 1,154 1,175 3,354 2,824 Total lease expense $ 17,090 $ 17,275 $ 52,991 $ 48,846

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2023
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: September 30, December 31, (In thousands) 2023 2022 Common stock authorized 75,000 75,000 Common stock issued 28,665 28,519 Treasury stock 3,341 3,341 Common stock outstanding 25,324 25,178
Schedule of Dividends Declared	The table below summarizes the regular quarterly dividends declared and paid during the periods ended September 30, 2023 and December 31, 2022: (In thousands, except per share data) Per Share Record Date Payment Date Total Paid 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 Third Quarter 2022 1.05 09/02/22 09/16/22 26,701 Fourth Quarter 2022 1.05 12/02/22 12/16/22 26,453 Total 2022 $ 4.05 $ 102,726 First Quarter 2023 $ 1.05 03/10/23 03/24/23 $ 26,563 Second Quarter 2023 1.05 06/02/23 06/16/23 26,591 Third Quarter 2023 1.05 09/01/23 09/15/23 26,590 Total 2023 $ 3.15 $ 79,744
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, 2022 277,774 $ 120.92 Issued 2,464 117.44 Granted 159,640 114.22 Dividend equivalents 8,275 114.46 Forfeited (20,853) 121.11 Vested (129,786) 112.28 Outstanding at September 30, 2023 297,514 $ 118.49
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, 2022 162,381 $ 120.12 Granted 140,953 108.42 Dividend equivalents 5,517 114.61 Forfeited (3,245) 96.55 Vested (100,046) 101.11 Outstanding at September 30, 2023 205,560 $ 122.57

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2023
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 September 30, 2023 Three Months Ended September 30, 2022 (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 $ 352,774 $ 10,799 $ 363,573 $ 480,207 $ 13,308 $ 493,515 Motorhomes 40,254 25,415 65,669 60,964 21,958 82,922 Adjacent Industries OEMs 254,355 44,870 299,225 295,173 40,810 335,983 Total OEM Segment net sales 647,383 81,084 728,467 836,344 76,076 912,420 Aftermarket Segment: Total Aftermarket Segment net sales 212,647 18,201 230,848 203,106 16,553 219,659 Total net sales $ 860,030 $ 99,285 $ 959,315 $ 1,039,450 $ 92,629 $ 1,132,079 Nine Months Ended September 30, 2023 Nine Months Ended September 30, 2022 (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 $ 994,581 $ 38,285 $ 1,032,866 $ 2,218,157 $ 43,093 $ 2,261,250 Motorhomes 124,946 81,458 206,404 185,118 76,538 261,656 Adjacent Industries OEMs 862,176 144,202 1,006,378 930,536 131,838 1,062,374 Total OEM Segment net sales 1,981,703 263,945 2,245,648 3,333,811 251,469 3,585,280 Aftermarket Segment: Total Aftermarket Segment net sales 648,034 53,582 701,616 673,519 53,998 727,517 Total net sales $ 2,629,737 $ 317,527 $ 2,947,264 $ 4,007,330 $ 305,467 $ 4,312,797 (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 Nine Months Ended (In thousands) 2023 2022 2023 2022 Operating profit: OEM Segment $ 11,165 $ 65,186 $ 29,086 $ 501,137 Aftermarket Segment 34,425 22,389 91,721 74,928 Total operating profit $ 45,590 $ 87,575 $ 120,807 $ 576,065
Revenue Disaggregated by Product	The following table presents the Company's revenue disaggregated by product: Three Months Ended Nine Months Ended (In thousands) 2023 2022 2023 2022 OEM Segment: Chassis, chassis parts, and slide-out mechanisms $ 202,429 $ 295,256 $ 603,221 $ 1,341,567 Windows and doors 214,135 244,011 652,840 876,354 Furniture and mattresses 104,266 179,710 370,175 651,456 Axles and suspension solutions 82,083 67,343 246,466 257,766 Other 125,554 126,100 372,946 458,137 Total OEM Segment net sales 728,467 912,420 2,245,648 3,585,280 Total Aftermarket Segment net sales 230,848 219,659 701,616 727,517 Total net sales $ 959,315 $ 1,132,079 $ 2,947,264 $ 4,312,797

Basis of Presentation (Details)

Basis of Presentation (Details)	Sep. 30, 2023
Manufacturing Facility
Property, Plant and Equipment
Manufacturing Facilities	120

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Computation of Earnings per Share (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Earnings Per Share [Abstract]
Weighted average shares outstanding for basic earnings per share	25,340	25,447	25,293	25,398
Common stock equivalents pertaining to stock options and deferred stock units (in shares)	164	153	112	122
Weighted average shares outstanding for diluted earnings per share	25,504	25,600	25,405	25,520
Equity instruments excluded from diluted net earnings per share calculation as the effect would have been antidilutive (in shares)	167	113	164	112

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	May 31, 2021	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	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)		167	113	164	112
Purchases of convertible note hedge contracts	$ 100.1
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	9 Months Ended
	Nov. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Business Acquisition [Line Items]
Cash consideration, net of cash acquired		$ 25,851	$ 55,709
Goodwill		579,912		$ 567,063
Acquisitions Completed During The Three Months Ended March 31, 2023
Business Acquisition [Line Items]
Cash consideration, net of cash acquired		25,800
Consideration, holdback payment liability		500
Goodwill		$ 16,700
Way Interglobal Network LLC
Business Acquisition [Line Items]
Cash consideration, net of cash acquired	$ 54,800
Consideration, holdback payment liability	$ 2,000

Acquisitions, Goodwill And Ot_4

Acquisitions, Goodwill And Other Intangible Assets (Schedule Of Goodwill By Reportable Segment) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Segment Reporting Information
Net balance – beginning of period	$ 567,063
Acquisitions	16,748
Measurement period adjustments	(3,048)
Foreign currency translation	(851)
Net balance – end of period	579,912
OEM Segment
Segment Reporting Information
Net balance – beginning of period	399,736
Acquisitions	16,748
Measurement period adjustments	(2,905)
Foreign currency translation	(625)
Net balance – end of period	412,954
Aftermarket Segment
Segment Reporting Information
Net balance – beginning of period	167,327
Acquisitions	0
Measurement period adjustments	(143)
Foreign currency translation	(226)
Net balance – end of period	$ 166,958

Acquisitions, Goodwill And Ot_5

Acquisitions, Goodwill And Other Intangible Assets (Schedule Of Other Intangible Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Acquired Intangible Assets
Accumulated Amortization	$ 281,839		$ 255,723
Intangible Assets, Gross (Excluding Goodwill)	744,251		759,043
Intangible Assets, Net (Excluding Goodwill)	462,412		503,320
Tradenames
Acquired Intangible Assets
Indefinite-Lived Intangible Assets	7,600		7,600
Customer Relationships
Acquired Intangible Assets
Finite-Lived Intangible Assets, Gross	508,625		520,273
Accumulated Amortization	180,810		163,562
Net Balance	$ 327,815		356,711
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	20 years	20 years
Patents
Acquired Intangible Assets
Finite-Lived Intangible Assets, Gross	$ 118,914		121,167
Accumulated Amortization	67,164		62,841
Net Balance	$ 51,750		58,326
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	$ 98,169		97,810
Accumulated Amortization	25,503		21,380
Net Balance	$ 72,666		76,430
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	$ 10,334		11,584
Accumulated Amortization	8,085		7,698
Net Balance	$ 2,249		3,886
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	$ 609		609
Accumulated Amortization	277		242
Net Balance	$ 332		$ 367
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 (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Raw materials	$ 484,290	$ 600,601
Work in process	48,657	44,850
Finished goods	258,937	384,254
Inventories, net	791,884	1,029,705
Inventory obsolescence reserves	$ 63,000	$ 55,900

Fixed Assets (Schedule Of Fixed

Fixed Assets (Schedule Of Fixed Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Fixed assets, at cost	$ 986,179	$ 945,255
Less accumulated depreciation and amortization	513,661	463,070
Fixed assets, net	$ 472,518	$ 482,185

Accrued Expenses And Other Cu_3

Accrued Expenses And Other Current Liabilities (Schedule Of Accrued Expenses And Other Current Liabilities) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022
Payables and Accruals [Abstract]
Employee compensation and benefits	$ 58,810	$ 77,804
Current portion of accrued warranty	44,209	35,148	$ 39,583
Customer rebates	20,893	12,138
Deferred acquisition payments and contingent consideration	2,581	34,013
Other	53,401	60,135
Accrued expenses and other current liabilities	$ 179,894	$ 219,238

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	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Balance at beginning of period	$ 54,528	$ 52,114
Provision for warranty expense	60,691	36,362
Warranty costs paid	49,110	29,373
Balance at end of period	66,109	59,103
Less long-term portion	(21,900)	(19,520)
Current portion of accrued warranty	$ 44,209	$ 39,583	$ 35,148

Long-Term Indebtedness (Schedul

Long-Term Indebtedness (Schedule of Long-term Debt) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Unamortized deferred financing fees	$ (7,189)	$ (9,052)
Long-term debt	908,811	1,118,974
Less current portion	(566)	(23,086)
Long-term debt, excluding current maturities	908,245	1,095,888
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	122,742	289,067
Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	330,000	375,000
Other
Debt Instrument [Line Items]
Long-term debt, gross	$ 3,258	$ 3,959

Long-Term Indebtedness (Narrati

Long-Term Indebtedness (Narrative) (Details)								3 Months Ended	9 Months Ended
	Sep. 30, 2023 USD ($)	Dec. 07, 2021 USD ($)	May 13, 2021 USD ($) tradingDay	Dec. 19, 2019	Mar. 29, 2019 USD ($)	Dec. 14, 2018 USD ($)	Apr. 27, 2016 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Feb. 24, 2014 USD ($)
Line of Credit Facility
Long-term indebtedness	$ 908,245,000							$ 908,245,000	$ 908,245,000	$ 1,095,888,000
Level 1
Line of Credit Facility
Convertible debt, fair value	$ 425,500,000							425,500,000	425,500,000
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%
Debt Instrument, Prepaid, Principal								30,000,000
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	0.0061615
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%
JPMorgan Chase Bank And Wells Fargo Bank | Line of Credit
Line of Credit Facility
Letter of credit	$ 4,600,000							4,600,000	$ 4,600,000
Commitment fee percentage									0.25%
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									0.275%
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											$ 150,000,000
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
Remaining availability under the facilities	$ 178,500,000							$ 178,500,000	$ 178,500,000
Option One | JPMorgan Chase Bank, N.A., Wells Fargo Bank, N.A., Bank of America, N.A., and 1st Source Bank | Line of Credit | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Line of Credit Facility
Debt instrument, additional margin interest rate									0.75%
Option One | JPMorgan Chase Bank, N.A., Wells Fargo Bank, N.A., Bank of America, N.A., and 1st Source Bank | Line of Credit | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | 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 | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Maximum
Line of Credit Facility
Debt instrument, additional margin interest 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 | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Line of Credit Facility
Basis spread on variable rate									1.75%
Option Two | JPMorgan Chase Bank, N.A., Wells Fargo Bank, N.A., Bank of America, N.A., and 1st Source Bank | Line of Credit | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | 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 | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Maximum
Line of Credit Facility
Debt instrument, additional margin interest rate						1.875%

Leases (Components of Lease Cos

Leases (Components of Lease Cost) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Leases [Abstract]
Operating lease expense	$ 14,796	$ 14,081	$ 45,710	$ 40,229
Short-term lease expense	1,140	2,019	3,927	5,793
Variable lease expense	1,154	1,175	3,354	2,824
Total lease expense	$ 17,090	$ 17,275	$ 52,991	$ 48,846

Stockholders' Equity (Summary O

Stockholders' Equity (Summary Of Common Stock Information) (Details) - shares shares in Thousands	Sep. 30, 2023	Dec. 31, 2022
Stockholders' Equity Note [Abstract]
Common stock authorized (in shares)	75,000	75,000
Common stock issued (in shares)	28,665	28,519
Treasury stock, common, shares (in shares)	3,341	3,341
Common stock outstanding (in shares)	25,324	25,178

Stockholders' Equity (Summary_2

Stockholders' Equity (Summary of Regular Quarterly Dividend) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended							9 Months Ended		12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash dividend (in usd per share)	$ 1.05	$ 1.05	$ 1.05	$ 1.05	$ 1.05	$ 1.05	$ 0.90	$ 3.15		$ 4.05
Payment of dividends								$ 79,744	$ 76,273
Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payment of dividends	$ 26,590	$ 26,591	$ 26,563	$ 26,453	$ 26,701	$ 26,702	$ 22,870	$ 79,744		$ 102,726

Stockholders' Equity (Stock Awa

Stockholders' Equity (Stock Awards and Units Activity) (Details)	9 Months Ended
	Sep. 30, 2023 $ / shares shares
Deferred And Restricted Stock Units
Number of Shares
Outstanding at beginning of period (in shares) | shares	277,774
Issued (in shares) | shares	2,464
Granted (in shares) | shares	159,640
Dividend equivalents (in shares) | shares	8,275
Forfeited (in shares) | shares	(20,853)
Vested (in shares) | shares	(129,786)
Outstanding at end of period (in shares) | shares	297,514
Weighted Average Price
Outstanding at beginning of period (in usd per share) | $ / shares	$ 120.92
Issued (in usd per share) | $ / shares	117.44
Granted (in usd per share) | $ / shares	114.22
Dividend equivalents (in usd per share) | $ / shares	114.46
Forfeited (in usd per share) | $ / shares	121.11
Vested (in usd per share) | $ / shares	112.28
Outstanding at end of period (in usd per share) | $ / shares	$ 118.49
Stock Awards and Performance Stock Units
Number of Shares
Outstanding at beginning of period (in shares) | shares	162,381
Granted (in shares) | shares	140,953
Dividend equivalents (in shares) | shares	5,517
Forfeited (in shares) | shares	(3,245)
Vested (in shares) | shares	(100,046)
Outstanding at end of period (in shares) | shares	205,560
Weighted Average Price
Outstanding at beginning of period (in usd per share) | $ / shares	$ 120.12
Granted (in usd per share) | $ / shares	108.42
Dividend equivalents (in usd per share) | $ / shares	114.61
Forfeited (in usd per share) | $ / shares	96.55
Vested (in usd per share) | $ / shares	101.11
Outstanding at end of period (in usd per share) | $ / shares	$ 122.57

Stockholders' Equity (Stock Rep

Stockholders' Equity (Stock Repurchase Program) (Details) - USD ($) $ / shares in Units, $ in Millions		9 Months Ended	12 Months Ended
	May 19, 2022	Sep. 30, 2023	Dec. 31, 2022
Equity [Abstract]
Number of shares authorized to be repurchased	200,000,000
Stock repurchase program, period in force	3 years
Stock repurchased during period (in shares)		0	253,490
Stock repurchased (in usd per share)			$ 94.89
Stock repurchase price			$ 24.1

Segment Reporting (Narrative) (

Segment Reporting (Narrative) (Details) - segment	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information
Number of reportable segments	2
Product Concentration Risk | Net sales | OEM Segment
Segment Reporting Information
Concentration risk, percentage	76%	83%
Product Concentration Risk | Net sales | Travel trailers and fifth-wheels
Segment Reporting Information
Concentration risk, percentage	46%
Product Concentration Risk | Net sales | Aftermarket Segment
Segment Reporting Information
Concentration risk, percentage	24%	17%

Segment Reporting (Disaggregati

Segment Reporting (Disaggregation of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Net sales	$ 959,315	$ 1,132,079	$ 2,947,264	$ 4,312,797
OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	728,467	912,420	2,245,648	3,585,280
Travel trailers and fifth-wheels
Disaggregation of Revenue [Line Items]
Net sales	363,573	493,515	1,032,866	2,261,250
Motorhomes
Disaggregation of Revenue [Line Items]
Net sales	65,669	82,922	206,404	261,656
Adjacent industries OEMs
Disaggregation of Revenue [Line Items]
Net sales	299,225	335,983	1,006,378	1,062,374
Aftermarket Segment
Disaggregation of Revenue [Line Items]
Net sales	230,848	219,659	701,616	727,517
Chassis, chassis parts and slide-out mechanisms | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	202,429	295,256	603,221	1,341,567
Windows and doors | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	214,135	244,011	652,840	876,354
Furniture and mattresses | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	104,266	179,710	370,175	651,456
Axles and suspension solutions | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	82,083	67,343	246,466	257,766
Other | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	125,554	126,100	372,946	458,137
U.S.
Disaggregation of Revenue [Line Items]
Net sales	860,030	1,039,450	2,629,737	4,007,330
U.S. | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	647,383	836,344	1,981,703	3,333,811
U.S. | Travel trailers and fifth-wheels
Disaggregation of Revenue [Line Items]
Net sales	352,774	480,207	994,581	2,218,157
U.S. | Motorhomes
Disaggregation of Revenue [Line Items]
Net sales	40,254	60,964	124,946	185,118
U.S. | Adjacent industries OEMs
Disaggregation of Revenue [Line Items]
Net sales	254,355	295,173	862,176	930,536
U.S. | Aftermarket Segment
Disaggregation of Revenue [Line Items]
Net sales	212,647	203,106	648,034	673,519
International
Disaggregation of Revenue [Line Items]
Net sales	99,285	92,629	317,527	305,467
International | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	81,084	76,076	263,945	251,469
International | Travel trailers and fifth-wheels
Disaggregation of Revenue [Line Items]
Net sales	10,799	13,308	38,285	43,093
International | Motorhomes
Disaggregation of Revenue [Line Items]
Net sales	25,415	21,958	81,458	76,538
International | Adjacent industries OEMs
Disaggregation of Revenue [Line Items]
Net sales	44,870	40,810	144,202	131,838
International | Aftermarket Segment
Disaggregation of Revenue [Line Items]
Net sales	$ 18,201	$ 16,553	$ 53,582	$ 53,998

Segment Reporting (Schedule of

Segment Reporting (Schedule of Operating Profit by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information
Operating profit	$ 45,590	$ 87,575	$ 120,807	$ 576,065
Operating Segments | OEM Segment
Segment Reporting Information
Operating profit	11,165	65,186	29,086	501,137
Operating Segments | Aftermarket Segment
Segment Reporting Information
Operating profit	$ 34,425	$ 22,389	$ 91,721	$ 74,928