LCI Industries (LCII) 10-Q 7 Nov 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2024	Oct. 31, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
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	2024
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		25,462,361

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Net sales	$ 915,497	$ 959,315	$ 2,938,070	$ 2,947,264
Cost of sales	695,539	748,367	2,227,761	2,332,125
Gross profit	219,958	210,948	710,309	615,139
Selling, general and administrative expenses	166,070	165,358	508,206	494,332
Operating profit	53,888	45,590	202,103	120,807
Interest expense, net	6,516	10,325	23,799	30,968
Income before income taxes	47,372	35,265	178,304	89,839
Provision for income taxes	11,760	9,378	44,984	23,267
Net income	$ 35,612	$ 25,887	$ 133,320	$ 66,572
Net income per common share:
Basic (in usd per share)	$ 1.40	$ 1.02	$ 5.24	$ 2.63
Diluted (in usd per share)	$ 1.39	$ 1.02	$ 5.23	$ 2.62
Weighted average common shares outstanding:
Basic (in shares)	25,480	25,340	25,436	25,293
Diluted (in shares)	25,558	25,504	25,477	25,405

Condensed Consolidated Statem_2

Condensed Consolidated Statement Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 35,612	$ 25,887	$ 133,320	$ 66,572
Other comprehensive (loss) income:
Net foreign currency translation adjustment	10,382	(2,995)	5,661	(232)
Actuarial (loss) gain on pension plans	0	0	(345)	100
Total comprehensive income	$ 45,994	$ 22,892	$ 138,636	$ 66,440

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 161,184	$ 66,157
Accounts receivable, net of allowances of $6,262 and $5,701 at September 30, 2024 and December 31, 2023, respectively	319,166	214,707
Inventories, net	705,439	768,407
Prepaid expenses and other current assets	59,084	67,599
Total current assets	1,244,873	1,116,870
Fixed assets, net	443,349	465,781
Goodwill	593,882	589,550
Other intangible assets, net	412,818	448,759
Operating lease right-of-use assets	233,225	245,388
Other long-term assets	96,817	92,971
Total assets	3,024,964	2,959,319
Current liabilities
Current maturities of long-term indebtedness	222	589
Accounts payable, trade	193,636	183,697
Current portion of operating lease obligations	39,035	36,269
Accrued expenses and other current liabilities	199,081	174,437
Total current liabilities	431,974	394,992
Long-term indebtedness	822,322	846,834
Operating lease obligations	207,937	222,680
Deferred taxes	28,631	32,345
Other long-term liabilities	115,778	107,432
Total liabilities	1,606,642	1,604,283
Stockholders’ equity
Common stock, par value $.01 per share	288	287
Paid-in capital	252,208	245,659
Retained earnings	1,228,454	1,177,034
Accumulated other comprehensive income	19,588	14,272
Stockholders' equity before treasury stock	1,500,538	1,437,252
Treasury stock, at cost	(82,216)	(82,216)
Total stockholders' equity	1,418,322	1,355,036
Total liabilities and stockholders' equity	$ 3,024,964	$ 2,959,319

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Accounts receivable, allowances	$ 6,262	$ 5,701
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, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Cash flows from operating activities:
Net income	$ 35,612	$ 36,545		$ 25,887	$ 7,259	$ 133,320	$ 66,572
Adjustments to reconcile net income to cash flows provided by operating activities:
Depreciation and amortization						96,000	98,818
Stock-based compensation expense						13,961	14,027
Other non-cash items						4,927	4,611
Changes in assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net						(102,127)	(121,914)
Inventories, net						81,166	246,155
Prepaid expenses and other assets						(1,491)	31,237
Accounts payable, trade						8,333	54,817
Accrued expenses and other liabilities						29,599	(5,060)
Net cash flows provided by operating activities						263,688	389,263
Cash flows from investing activities:
Capital expenditures						(31,390)	(50,060)
Acquisitions of businesses						(19,957)	(25,851)
Other investing activities						781	4,284
Net cash flows used in investing activities						(50,566)	(71,627)
Cash flows from financing activities:
Vesting of stock-based awards, net of shares tendered for payment of taxes						(9,120)	(9,591)
Proceeds from revolving credit facility						86,248	248,900
Repayments under revolving credit facility						(87,766)	(414,554)
Repayments under term loan and other borrowings						(26,357)	(45,767)
Payment of dividends						(80,191)	(79,744)
Payment of contingent consideration and holdbacks related to acquisitions						(2)	(31,857)
Other financing activities						0	(834)
Net cash flows used in financing activities						(117,188)	(333,447)
Effect of exchange rate changes on cash and cash equivalents						(907)	(446)
Net increase (decrease) in cash and cash equivalents						95,027	(16,257)
Cash and cash equivalents at beginning of period		$ 66,157	$ 31,242		$ 47,499	66,157	47,499	$ 47,499
Cash and cash equivalents at end of period	$ 161,184		$ 66,157	$ 31,242		161,184	31,242	$ 66,157
Supplemental disclosure of cash flow information:
Interest						24,535	29,459
Income taxes, net of refunds						38,685	7,531
Purchase of property and equipment in accrued expenses						$ 106	$ 451

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, 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)		(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			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)
Beginning balance at Dec. 31, 2023	1,355,036	287	245,659	1,177,034	14,272	(82,216)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	36,545			36,545
Issuance of shares of common stock pursuant to stock-based awards, net of shares tendered for payment of taxes	(9,040)	1	(9,041)
Stock-based compensation expense	4,327		4,327
Other comprehensive income (loss)	(3,263)				(3,263)
Cash dividends	(26,721)			(26,721)
Dividend equivalents on stock-based awards	0		569	(569)
Ending balance at Mar. 31, 2024	1,356,884	288	241,514	1,186,289	11,009	(82,216)
Beginning balance at Dec. 31, 2023	1,355,036	287	245,659	1,177,034	14,272	(82,216)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	133,320
Ending balance at Sep. 30, 2024	1,418,322	288	252,208	1,228,454	19,588	(82,216)
Beginning balance at Mar. 31, 2024	1,356,884	288	241,514	1,186,289	11,009	(82,216)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	61,163			61,163
Issuance of shares of common stock pursuant to stock-based awards, net of shares tendered for payment of taxes	(71)		(71)
Stock-based compensation expense	4,974		4,974
Other comprehensive income (loss)	(1,803)				(1,803)
Cash dividends	(26,734)			(26,734)
Dividend equivalents on stock-based awards	0		567	(567)
Ending balance at Jun. 30, 2024	1,394,413	288	246,984	1,220,151	9,206	(82,216)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	35,612
Issuance of shares of common stock pursuant to stock-based awards, net of shares tendered for payment of taxes	(8)		(8)
Stock-based compensation expense	4,659		4,659
Other comprehensive income (loss)	10,382				10,382
Cash dividends	(26,736)			(26,736)
Dividend equivalents on stock-based awards	0		573	(573)
Ending balance at Sep. 30, 2024	$ 1,418,322	$ 288	$ 252,208	$ 1,228,454	$ 19,588	$ (82,216)

Condensed Consolidated Statem_5

Condensed Consolidated Statement Of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Issuance of common stock (in shares)	166	14,059	122,023	146	26,445	119,091
Cash dividend (in usd per share)	$ 1.05	$ 1.05	$ 1.05	$ 1.05	$ 1.05	$ 1.05

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2024
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 highly engineered components for the leading original equipment manufacturers ("OEMs") in the recreation and transportation 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, 2024, the Company operated over 110 manufacturing and distribution facilities located throughout North America and Europe. Most industries where the Company sells products or where its products are used historically have been seasonal and are generally at the highest levels when the weather is moderate. Accordingly, the Company's sales and profits have generally been the highest in the second quarter and lowest in the fourth quarter. However, because of fluctuations in dealer inventories, the impact of international, national, and regional economic conditions, consumer confidence on retail sales of RVs and other products for which we sell our components, the timing of dealer orders, and the impact of severe weather conditions on the timing of industry-wide shipments from time to time, current and future seasonal industry trends have been, and may in the future be, different than in prior years. 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. 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, 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, 2024
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, 2023 Annual Report on Form 10-K and should be read in conjunction with the Notes to Consolidated Financial Statements which appear in that report. Recent Accounting Pronouncements Recently issued accounting pronouncements not yet adopted In November 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023-07, Segment Reporting (Topic 820): Improvements to Reportable Segment Disclosures, which requires entities to report incremental information about significant segment expenses included in a segment's profit or loss measure as well as the name and title of the chief operating decision maker. The new standard also requires interim disclosures related to reportable segment profit or loss and assets that had previously only been disclosed annually. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company is evaluating the effect of adopting this new accounting guidance. In December 2023, the FASB issued ASU 2023-09, Income Taxes - Improvements to Income Tax Disclosures, requiring enhancements and further transparency to certain income tax disclosures, most notably the tax rate reconciliation and income taxes paid. The new standard also eliminates certain existing disclosure requirements related to uncertain tax positions and unrecognized deferred tax liabilities. This ASU is effective for fiscal years beginning after December 15, 2024 on a prospective basis and retrospective application is permitted. The Company is evaluating the effect of adopting this new accounting guidance.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2024
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) 2024 2023 2024 2023 Weighted average shares outstanding for basic earnings per share 25,480 25,340 25,436 25,293 Common stock equivalents pertaining to stock-based awards 78 164 41 112 Weighted average shares outstanding for diluted earnings per share 25,558 25,504 25,477 25,405 Equity instruments excluded from diluted net earnings per share calculation as the effect would have been antidilutive 287 167 289 164 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, 2024, 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, 2024, the average share price was below the Warrant strike price of $259.84 per share, and therefore 2.8 million shares were considered antidilutive. In connection with the issuance of the Convertible Notes, the Company entered into privately negotiated call option contracts on the Company's common stock (the "Convertible Note Hedge Transactions") with the Counterparties. The Company paid an aggregate amount of $100.1 million 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. Exercise of the Convertible Note Hedge Transactions would reduce the number of shares of the Company's common stock outstanding, and therefore would be antidilutive.

Acquisitions, Goodwill And Othe

Acquisitions, Goodwill And Other Intangible Assets	9 Months Ended
	Sep. 30, 2024
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, 2024 Camping World Furniture In May 2024, the Company acquired the business and certain assets of the furniture operations of CWDS, LLC, a subsidiary of Camping World Holdings, Inc., in exchange for cash consideration of $20.0 million, plus a holdback payment of $1.0 million due on the first anniversary of the acquisition. The acquisition, which qualifies as a business combination for accounting purposes, expands the Company's furniture portfolio. The results of the acquired business have been included in the Condensed Consolidated Statements of Income since the acquisition date, primarily in the OEM segment. The preliminary purchase price allocation resulted in $1.7 million of goodwill (tax deductible) and $4.3 million of acquired intangible assets. 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. 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, 2023 $ 421,701 $ 167,849 $ 589,550 Acquisitions 1,709 — 1,709 Foreign currency translation 1,823 800 2,623 Net balance – September 30, 2024 $ 425,233 $ 168,649 $ 593,882 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, 2024: (In thousands) Gross Accumulated Net Estimated Useful Customer relationships $ 513,628 $ 218,930 $ 294,698 6 to 20 Patents 114,248 72,384 41,864 3 to 20 Trade names (finite life) 99,849 31,796 68,053 3 to 20 Trade names (indefinite life) 7,432 — 7,432 Indefinite Non-compete agreements 5,904 5,417 487 3 to 6 Other 609 325 284 2 to 12 Other intangible assets $ 741,670 $ 328,852 $ 412,818 Other intangible assets consisted of the following at December 31, 2023: (In thousands) Gross Accumulated Net Estimated Useful Customer relationships $ 509,505 $ 189,967 $ 319,538 6 to 20 Patents 114,864 67,602 47,262 3 to 20 Trade names (finite life) 99,366 26,978 72,388 3 to 20 Trade names (indefinite life) 7,600 — 7,600 Indefinite Non-compete agreements 10,104 8,453 1,651 3 to 6 Other 609 289 320 2 to 12 Other intangible assets $ 742,048 $ 293,289 $ 448,759
Acquisitions, Goodwill And Other Intangible Assets	ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS Acquisitions Completed During the Nine Months Ended September 30, 2024 Camping World Furniture In May 2024, the Company acquired the business and certain assets of the furniture operations of CWDS, LLC, a subsidiary of Camping World Holdings, Inc., in exchange for cash consideration of $20.0 million, plus a holdback payment of $1.0 million due on the first anniversary of the acquisition. The acquisition, which qualifies as a business combination for accounting purposes, expands the Company's furniture portfolio. The results of the acquired business have been included in the Condensed Consolidated Statements of Income since the acquisition date, primarily in the OEM segment. The preliminary purchase price allocation resulted in $1.7 million of goodwill (tax deductible) and $4.3 million of acquired intangible assets. 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. 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, 2023 $ 421,701 $ 167,849 $ 589,550 Acquisitions 1,709 — 1,709 Foreign currency translation 1,823 800 2,623 Net balance – September 30, 2024 $ 425,233 $ 168,649 $ 593,882 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, 2024: (In thousands) Gross Accumulated Net Estimated Useful Customer relationships $ 513,628 $ 218,930 $ 294,698 6 to 20 Patents 114,248 72,384 41,864 3 to 20 Trade names (finite life) 99,849 31,796 68,053 3 to 20 Trade names (indefinite life) 7,432 — 7,432 Indefinite Non-compete agreements 5,904 5,417 487 3 to 6 Other 609 325 284 2 to 12 Other intangible assets $ 741,670 $ 328,852 $ 412,818 Other intangible assets consisted of the following at December 31, 2023: (In thousands) Gross Accumulated Net Estimated Useful Customer relationships $ 509,505 $ 189,967 $ 319,538 6 to 20 Patents 114,864 67,602 47,262 3 to 20 Trade names (finite life) 99,366 26,978 72,388 3 to 20 Trade names (indefinite life) 7,600 — 7,600 Indefinite Non-compete agreements 10,104 8,453 1,651 3 to 6 Other 609 289 320 2 to 12 Other intangible assets $ 742,048 $ 293,289 $ 448,759

Inventories

Inventories	9 Months Ended
	Sep. 30, 2024
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) 2024 2023 Raw materials $ 420,089 $ 457,877 Work in process 41,112 45,112 Finished goods 244,238 265,418 Inventories, net $ 705,439 $ 768,407 At September 30, 2024 and December 31, 2023, the Company had recorded inventory obsolescence reserves of $77.4 million and $71.3 million, respectively.

Fixed Assets

Fixed Assets	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Fixed Assets	FIXED ASSETS Fixed assets consisted of the following at: September 30, December 31, (In thousands) 2024 2023 Fixed assets, at cost $ 989,131 $ 983,548 Less accumulated depreciation and amortization 545,782 517,767 Fixed assets, net $ 443,349 $ 465,781

Accrued Expenses And Other Curr

Accrued Expenses And Other Current Liabilities	9 Months Ended
	Sep. 30, 2024
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) 2024 2023 Employee compensation and benefits $ 76,851 $ 58,999 Current portion of accrued warranty 42,573 48,468 Customer rebates 24,249 19,403 Other 55,408 47,567 Accrued expenses and other current liabilities $ 199,081 $ 174,437 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) 2024 2023 Balance at beginning of period $ 71,578 $ 54,528 Provision for warranty expense 39,892 60,691 Warranty costs paid (44,817) (49,110) Balance at end of period 66,653 66,109 Less long-term portion (24,080) (21,900) Current portion of accrued warranty at end of period $ 42,573 $ 44,209

Long-Term Indebtedness

Long-Term Indebtedness	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Long-Term Indebtedness	LONG-TERM INDEBTEDNESS Long-term debt consisted of the following at: September 30, December 31, (In thousands) 2024 2023 Convertible Notes $ 460,000 $ 460,000 Term Loan 290,000 315,000 Revolving Credit Loan 74,969 75,909 Other 1,929 3,138 Unamortized deferred financing fees (4,354) (6,624) 822,544 847,423 Less current portion (222) (589) Long-term indebtedness $ 822,322 $ 846,834 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 $37.5 million of principal on the Term Loan during 2023 and an additional $25.0 million of principal on the Term Loan during 2024 through September 30, 2024, all of which was applied to pay in full the scheduled principal amortization payments due through December 31, 2025. 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 (0.375 percent was applicable at September 30, 2024) 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 (1.375 percent was applicable at September 30, 2024) 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, 2024, the Company had $4.8 million in issued, but undrawn, standby letters of credit under the LC Facility. A commitment fee ranging from 0.150 percent to 0.275 percent (0.200 percent was applicable at September 30, 2024) depending on the Company's total net leverage ratio accrues on the actual daily amount that the revolving commitment exceeds the revolving credit exposure. 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. At September 30, 2024, the Company was in compliance with all financial covenants. The maximum net leverage ratio covenant limits the amount of consolidated outstanding indebtedness that the Company may incur on a trailing twelve-month EBITDA. Availability under the Company’s revolving credit facility, giving effect to this limitation, was $383.1 million at September 30, 2024. The Company believes the availability 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. At September 30, 2024, the fair value of the Company's floating rate 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. 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, 2024, the conversion rate of the Convertible Notes was 6.2277 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. Beginning on 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 $468.1 million at September 30, 2024 was estimated using Level 1 inputs, as it is based on quoted prices for these instruments in active markets.

Leases

Leases	9 Months Ended
	Sep. 30, 2024
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) 2024 2023 2024 2023 Operating lease expense $ 16,267 $ 14,796 $ 48,117 $ 45,710 Short-term lease expense 845 1,140 2,796 3,927 Variable lease expense 976 1,154 3,139 3,354 Total lease expense $ 18,088 $ 17,090 $ 54,052 $ 52,991

Commitments And Contingencies

Commitments And Contingencies	9 Months Ended
	Sep. 30, 2024
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 fixed payments and 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. Holdback payment and contingent consideration balances were not material at September 30, 2024. 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. Product recall reserves were not material at September 30, 2024. 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. Environmental reserves were not material at September 30, 2024. 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, 2024, would not be material to the Company's financial position or results of operations.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2024
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) 2024 2023 Common stock authorized 75,000 75,000 Common stock issued 28,803 28,667 Treasury stock 3,341 3,341 Common stock outstanding 25,462 25,326 The table below summarizes the regular quarterly dividends declared and paid during the periods ended September 30, 2024 and December 31, 2023: (In thousands, except per share data) Per Share Record Date Payment Date Total Paid 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 Fourth Quarter 2023 1.05 12/01/23 12/15/23 26,592 Total 2023 $ 4.20 $ 106,336 First Quarter 2024 $ 1.05 03/08/24 03/22/24 $ 26,721 Second Quarter 2024 1.05 05/31/24 06/14/24 26,734 Third Quarter 2024 1.05 08/30/24 09/13/24 26,736 Total 2024 $ 3.15 $ 80,191 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, 2023 296,305 $ 118.60 Issued 1,693 114.96 Granted 143,407 125.20 Dividend equivalents 8,625 111.04 Forfeited (15,084) 122.69 Vested (129,780) 115.07 Outstanding at September 30, 2024 305,166 $ 119.82 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, 2023 207,279 $ 122.57 Granted 108,096 132.77 Dividend equivalents 6,778 111.02 Vested (78,695) 143.54 Outstanding at September 30, 2024 243,458 $ 120.26 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 in 2023 or during the nine months ended September 30, 2024.

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2024
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 of consolidated net sales for each of the nine months ended September 30, 2024 and 2023, manufactures and distributes a broad array of highly engineered components for the leading OEMs in the recreation and transportation 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 53 percent of the Company's OEM Segment net sales for the nine months ended September 30, 2024 were of components for travel trailer and fifth-wheel RVs. The Aftermarket Segment, which accounted for 24 percent of consolidated net sales for each of the nine months ended September 30, 2024 and 2023, supplies engineered components to the related aftermarket channels of the recreation and transportation products, 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, 2023. 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, 2024 Three Months Ended September 30, 2023 (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 $ 363,746 $ 5,466 $ 369,212 $ 352,774 $ 10,799 $ 363,573 Motorhomes 30,749 22,051 52,800 40,254 25,415 65,669 Adjacent Industries OEMs 219,200 43,249 262,449 254,355 44,870 299,225 Total OEM Segment net sales 613,695 70,766 684,461 647,383 81,084 728,467 Aftermarket Segment: Total Aftermarket Segment net sales 211,490 19,546 231,036 212,647 18,201 230,848 Total net sales $ 825,185 $ 90,312 $ 915,497 $ 860,030 $ 99,285 $ 959,315 Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 (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 $ 1,162,855 $ 23,469 $ 1,186,324 $ 994,581 $ 38,285 $ 1,032,866 Motorhomes 103,642 81,616 185,258 124,946 81,458 206,404 Adjacent Industries OEMs 722,491 144,824 867,315 862,176 144,202 1,006,378 Total OEM Segment net sales 1,988,988 249,909 2,238,897 1,981,703 263,945 2,245,648 Aftermarket Segment: Total Aftermarket Segment net sales 636,410 62,763 699,173 648,034 53,582 701,616 Total net sales $ 2,625,398 $ 312,672 $ 2,938,070 $ 2,629,737 $ 317,527 $ 2,947,264 (a) Net sales to customers in the United States of America (b) Net sales to customers domiciled in countries 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) 2024 2023 2024 2023 Operating profit: OEM Segment $ 21,825 $ 11,165 $ 105,223 $ 29,086 Aftermarket Segment 32,063 34,425 96,880 91,721 Total operating profit $ 53,888 $ 45,590 $ 202,103 $ 120,807 The following table presents the Company's revenue disaggregated by product: Three Months Ended Nine Months Ended (In thousands) 2024 2023 2024 2023 OEM Segment: Chassis, chassis parts, and slide-out mechanisms $ 196,175 $ 202,429 $ 638,248 $ 603,221 Windows and doors 203,735 214,135 650,314 652,840 Furniture and mattresses 98,072 104,266 314,241 370,175 Axles, ABS, and suspension solutions 68,750 82,083 243,319 246,466 Other 117,729 125,554 392,775 372,946 Total OEM Segment net sales 684,461 728,467 2,238,897 2,245,648 Total Aftermarket Segment net sales 231,036 230,848 699,173 701,616 Total net sales $ 915,497 $ 959,315 $ 2,938,070 $ 2,947,264

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss) Attributable to Parent	$ 35,612	$ 61,163	$ 36,545	$ 25,887	$ 33,426	$ 7,259	$ 133,320	$ 66,572

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
	Sep. 30, 2024 shares	Sep. 30, 2024 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
James F. Gero [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On August 9, 2024, James F. Gero, a member of our board of directors, entered into a 10b5-1 trading arrangement intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) promulgated under the Exchange Act. The trading arrangement will terminate on the earlier of August 9, 2025 or the date all shares are sold thereunder, and may be terminated earlier in the limited circumstances defined in the trading arrangement. An aggregate of up to 100,000 shares may be sold pursuant to the trading arrangement.
Name	James F. Gero
Title	member of our board of directors
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	August 9, 2024
Arrangement Duration	365 days
Aggregate Available	100,000	100,000

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
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

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
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) 2024 2023 2024 2023 Weighted average shares outstanding for basic earnings per share 25,480 25,340 25,436 25,293 Common stock equivalents pertaining to stock-based awards 78 164 41 112 Weighted average shares outstanding for diluted earnings per share 25,558 25,504 25,477 25,405 Equity instruments excluded from diluted net earnings per share calculation as the effect would have been antidilutive 287 167 289 164

Acquisitions, Goodwill And Ot_2

Acquisitions, Goodwill And Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2024
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, 2023 $ 421,701 $ 167,849 $ 589,550 Acquisitions 1,709 — 1,709 Foreign currency translation 1,823 800 2,623 Net balance – September 30, 2024 $ 425,233 $ 168,649 $ 593,882
Schedule of Other Intangible Assets	Other intangible assets consisted of the following at September 30, 2024: (In thousands) Gross Accumulated Net Estimated Useful Customer relationships $ 513,628 $ 218,930 $ 294,698 6 to 20 Patents 114,248 72,384 41,864 3 to 20 Trade names (finite life) 99,849 31,796 68,053 3 to 20 Trade names (indefinite life) 7,432 — 7,432 Indefinite Non-compete agreements 5,904 5,417 487 3 to 6 Other 609 325 284 2 to 12 Other intangible assets $ 741,670 $ 328,852 $ 412,818 Other intangible assets consisted of the following at December 31, 2023: (In thousands) Gross Accumulated Net Estimated Useful Customer relationships $ 509,505 $ 189,967 $ 319,538 6 to 20 Patents 114,864 67,602 47,262 3 to 20 Trade names (finite life) 99,366 26,978 72,388 3 to 20 Trade names (indefinite life) 7,600 — 7,600 Indefinite Non-compete agreements 10,104 8,453 1,651 3 to 6 Other 609 289 320 2 to 12 Other intangible assets $ 742,048 $ 293,289 $ 448,759

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2024
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) 2024 2023 Raw materials $ 420,089 $ 457,877 Work in process 41,112 45,112 Finished goods 244,238 265,418 Inventories, net $ 705,439 $ 768,407

Fixed Assets (Tables)

Fixed Assets (Tables)	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule Of Fixed Assets	Fixed assets consisted of the following at: September 30, December 31, (In thousands) 2024 2023 Fixed assets, at cost $ 989,131 $ 983,548 Less accumulated depreciation and amortization 545,782 517,767 Fixed assets, net $ 443,349 $ 465,781

Accrued Expenses And Other Cu_2

Accrued Expenses And Other Current Liabilities (Tables)	9 Months Ended
	Sep. 30, 2024
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) 2024 2023 Employee compensation and benefits $ 76,851 $ 58,999 Current portion of accrued warranty 42,573 48,468 Customer rebates 24,249 19,403 Other 55,408 47,567 Accrued expenses and other current liabilities $ 199,081 $ 174,437
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) 2024 2023 Balance at beginning of period $ 71,578 $ 54,528 Provision for warranty expense 39,892 60,691 Warranty costs paid (44,817) (49,110) Balance at end of period 66,653 66,109 Less long-term portion (24,080) (21,900) Current portion of accrued warranty at end of period $ 42,573 $ 44,209

Long-Term Indebtedness (Tables)

Long-Term Indebtedness (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Long-term Debt	Long-term debt consisted of the following at: September 30, December 31, (In thousands) 2024 2023 Convertible Notes $ 460,000 $ 460,000 Term Loan 290,000 315,000 Revolving Credit Loan 74,969 75,909 Other 1,929 3,138 Unamortized deferred financing fees (4,354) (6,624) 822,544 847,423 Less current portion (222) (589) Long-term indebtedness $ 822,322 $ 846,834

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2024
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) 2024 2023 2024 2023 Operating lease expense $ 16,267 $ 14,796 $ 48,117 $ 45,710 Short-term lease expense 845 1,140 2,796 3,927 Variable lease expense 976 1,154 3,139 3,354 Total lease expense $ 18,088 $ 17,090 $ 54,052 $ 52,991

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2024
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) 2024 2023 Common stock authorized 75,000 75,000 Common stock issued 28,803 28,667 Treasury stock 3,341 3,341 Common stock outstanding 25,462 25,326
Schedule of Dividends Declared	The table below summarizes the regular quarterly dividends declared and paid during the periods ended September 30, 2024 and December 31, 2023: (In thousands, except per share data) Per Share Record Date Payment Date Total Paid 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 Fourth Quarter 2023 1.05 12/01/23 12/15/23 26,592 Total 2023 $ 4.20 $ 106,336 First Quarter 2024 $ 1.05 03/08/24 03/22/24 $ 26,721 Second Quarter 2024 1.05 05/31/24 06/14/24 26,734 Third Quarter 2024 1.05 08/30/24 09/13/24 26,736 Total 2024 $ 3.15 $ 80,191
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, 2023 296,305 $ 118.60 Issued 1,693 114.96 Granted 143,407 125.20 Dividend equivalents 8,625 111.04 Forfeited (15,084) 122.69 Vested (129,780) 115.07 Outstanding at September 30, 2024 305,166 $ 119.82
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, 2023 207,279 $ 122.57 Granted 108,096 132.77 Dividend equivalents 6,778 111.02 Vested (78,695) 143.54 Outstanding at September 30, 2024 243,458 $ 120.26

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2024
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, 2024 Three Months Ended September 30, 2023 (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 $ 363,746 $ 5,466 $ 369,212 $ 352,774 $ 10,799 $ 363,573 Motorhomes 30,749 22,051 52,800 40,254 25,415 65,669 Adjacent Industries OEMs 219,200 43,249 262,449 254,355 44,870 299,225 Total OEM Segment net sales 613,695 70,766 684,461 647,383 81,084 728,467 Aftermarket Segment: Total Aftermarket Segment net sales 211,490 19,546 231,036 212,647 18,201 230,848 Total net sales $ 825,185 $ 90,312 $ 915,497 $ 860,030 $ 99,285 $ 959,315 Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 (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 $ 1,162,855 $ 23,469 $ 1,186,324 $ 994,581 $ 38,285 $ 1,032,866 Motorhomes 103,642 81,616 185,258 124,946 81,458 206,404 Adjacent Industries OEMs 722,491 144,824 867,315 862,176 144,202 1,006,378 Total OEM Segment net sales 1,988,988 249,909 2,238,897 1,981,703 263,945 2,245,648 Aftermarket Segment: Total Aftermarket Segment net sales 636,410 62,763 699,173 648,034 53,582 701,616 Total net sales $ 2,625,398 $ 312,672 $ 2,938,070 $ 2,629,737 $ 317,527 $ 2,947,264 (a) Net sales to customers in the United States of America (b) Net sales to customers domiciled in countries 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) 2024 2023 2024 2023 Operating profit: OEM Segment $ 21,825 $ 11,165 $ 105,223 $ 29,086 Aftermarket Segment 32,063 34,425 96,880 91,721 Total operating profit $ 53,888 $ 45,590 $ 202,103 $ 120,807
Revenue Disaggregated by Product	The following table presents the Company's revenue disaggregated by product: Three Months Ended Nine Months Ended (In thousands) 2024 2023 2024 2023 OEM Segment: Chassis, chassis parts, and slide-out mechanisms $ 196,175 $ 202,429 $ 638,248 $ 603,221 Windows and doors 203,735 214,135 650,314 652,840 Furniture and mattresses 98,072 104,266 314,241 370,175 Axles, ABS, and suspension solutions 68,750 82,083 243,319 246,466 Other 117,729 125,554 392,775 372,946 Total OEM Segment net sales 684,461 728,467 2,238,897 2,245,648 Total Aftermarket Segment net sales 231,036 230,848 699,173 701,616 Total net sales $ 915,497 $ 959,315 $ 2,938,070 $ 2,947,264

Basis of Presentation (Details)

Basis of Presentation (Details)	Sep. 30, 2024
Manufacturing Facility
Property, Plant and Equipment
Manufacturing Facilities	110

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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Weighted average shares outstanding for basic earnings per share	25,480	25,340	25,436	25,293
Common stock equivalents pertaining to stock options and deferred stock units (in shares)	78	164	41	112
Weighted average shares outstanding for diluted earnings per share	25,558	25,504	25,477	25,405
Equity instruments excluded from diluted net earnings per share calculation as the effect would have been antidilutive (in shares)	287	167	289	164

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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	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)		287	167	289	164
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) - CWDS, LLC - USD ($) $ in Millions	1 Months Ended
	May 31, 2024	May 03, 2024
Acquired Intangible Assets
Purchase price	$ 20
Holdback payment	$ 1
Goodwill		$ 1.7
Identifiable intangible assets		$ 4.3

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, 2024 USD ($)
Segment Reporting Information
Net balance – beginning of period	$ 589,550
Acquisitions	1,709
Foreign currency translation	2,623
Net balance – end of period	593,882
OEM Segment
Segment Reporting Information
Net balance – beginning of period	421,701
Acquisitions	1,709
Foreign currency translation	1,823
Net balance – end of period	425,233
Aftermarket Segment
Segment Reporting Information
Net balance – beginning of period	167,849
Acquisitions	0
Foreign currency translation	800
Net balance – end of period	$ 168,649

Acquisitions, Goodwill And Ot_5

Acquisitions, Goodwill And Other Intangible Assets (Schedule Of Other Intangible Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023
Acquired Intangible Assets
Accumulated Amortization	$ 328,852		$ 293,289
Intangible Assets, Gross (Excluding Goodwill)	741,670		742,048
Intangible Assets, Net (Excluding Goodwill)	412,818		448,759
Tradenames
Acquired Intangible Assets
Indefinite-Lived Intangible Assets	7,432		7,600
Customer Relationships
Acquired Intangible Assets
Finite-Lived Intangible Assets, Gross	513,628		509,505
Accumulated Amortization	218,930		189,967
Net Balance	$ 294,698		319,538
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	$ 114,248		114,864
Accumulated Amortization	72,384		67,602
Net Balance	$ 41,864		47,262
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	$ 99,849		99,366
Accumulated Amortization	31,796		26,978
Net Balance	$ 68,053		72,388
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	$ 5,904		10,104
Accumulated Amortization	5,417		8,453
Net Balance	$ 487		1,651
Non-compete Agreements | Minimum
Acquired Intangible Assets
Estimated Useful Life in Years	3 years	3 years
Non-compete Agreements | Maximum
Acquired Intangible Assets
Estimated Useful Life in Years	6 years	6 years
Other
Acquired Intangible Assets
Finite-Lived Intangible Assets, Gross	$ 609		609
Accumulated Amortization	325		289
Net Balance	$ 284		$ 320
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, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 420,089	$ 457,877
Work in process	41,112	45,112
Finished goods	244,238	265,418
Inventories, net	705,439	768,407
Inventory obsolescence reserves	$ 77,400	$ 71,300

Fixed Assets (Schedule Of Fixed

Fixed Assets (Schedule Of Fixed Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Fixed assets, at cost	$ 989,131	$ 983,548
Less accumulated depreciation and amortization	545,782	517,767
Fixed assets, net	$ 443,349	$ 465,781

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, 2024	Dec. 31, 2023	Sep. 30, 2023
Payables and Accruals [Abstract]
Employee compensation and benefits	$ 76,851	$ 58,999
Current portion of accrued warranty	42,573	48,468	$ 44,209
Customer rebates	24,249	19,403
Other	55,408	47,567
Accrued expenses and other current liabilities	$ 199,081	$ 174,437

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, 2024	Sep. 30, 2023	Dec. 31, 2023
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Balance at beginning of period	$ 71,578	$ 54,528
Provision for warranty expense	39,892	60,691
Warranty costs paid	44,817	49,110
Balance at end of period	66,653	66,109
Less long-term portion	(24,080)	(21,900)
Current portion of accrued warranty	$ 42,573	$ 44,209	$ 48,468

Long-Term Indebtedness (Schedul

Long-Term Indebtedness (Schedule of Long-term Debt) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Unamortized deferred financing fees	$ (4,354)	$ (6,624)
Long-term debt	822,544	847,423
Less current portion	(222)	(589)
Long-term debt, excluding current maturities	822,322	846,834
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	74,969	75,909
Term Loan
Debt Instrument [Line Items]
Long-term debt, gross	290,000	315,000
Other
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,929	$ 3,138

Long-Term Indebtedness (Narrati

Long-Term Indebtedness (Narrative) (Details)							9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 07, 2021 USD ($)	May 13, 2021 USD ($) tradingDay	Dec. 19, 2019	Dec. 14, 2018 USD ($)	Apr. 27, 2016 USD ($)	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Line of Credit Facility
Long-term indebtedness							$ 822,322,000	$ 846,834,000
Level 1
Line of Credit Facility
Convertible debt, fair value							468,100,000
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								$ 37,500,000
Term Loan | Period two
Line of Credit Facility
Debt Instrument, Prepaid, Principal							25,000,000
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	0.0062277
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							$ 4,800,000
Commitment fee percentage							0.20%
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					$ 400,000,000
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							$ 383,100,000
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							0.375%
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							1.375%
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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Operating lease expense	$ 16,267	$ 14,796	$ 48,117	$ 45,710
Short-term lease expense	845	1,140	2,796	3,927
Variable lease expense	976	1,154	3,139	3,354
Total lease expense	$ 18,088	$ 17,090	$ 54,052	$ 52,991

Stockholders' Equity (Summary O

Stockholders' Equity (Summary Of Common Stock Information) (Details) - shares shares in Thousands	Sep. 30, 2024	Dec. 31, 2023
Stockholders' Equity Note [Abstract]
Common stock authorized (in shares)	75,000	75,000
Common stock issued (in shares)	28,803	28,667
Treasury stock, common, shares (in shares)	3,341	3,341
Common stock outstanding (in shares)	25,462	25,326

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, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
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	$ 1.05	$ 3.15		$ 4.20
Payment of dividends								$ 80,191	$ 79,744
Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payment of dividends	$ 26,736	$ 26,734	$ 26,721	$ 26,592	$ 26,590	$ 26,591	$ 26,563	$ 80,191		$ 106,336

Stockholders' Equity (Stock Awa

Stockholders' Equity (Stock Awards and Units Activity) (Details)	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Deferred And Restricted Stock Units
Number of Shares
Outstanding at beginning of period (in shares) | shares	296,305
Issued (in shares) | shares	1,693
Granted (in shares) | shares	143,407
Dividend equivalents (in shares) | shares	8,625
Forfeited (in shares) | shares	(15,084)
Vested (in shares) | shares	(129,780)
Outstanding at end of period (in shares) | shares	305,166
Weighted Average Price
Outstanding at beginning of period (in usd per share) | $ / shares	$ 118.60
Issued (in usd per share) | $ / shares	114.96
Granted (in usd per share) | $ / shares	125.20
Dividend equivalents (in usd per share) | $ / shares	111.04
Forfeited (in usd per share) | $ / shares	122.69
Vested (in usd per share) | $ / shares	115.07
Outstanding at end of period (in usd per share) | $ / shares	$ 119.82
Stock Awards and Performance Stock Units
Number of Shares
Outstanding at beginning of period (in shares) | shares	207,279
Granted (in shares) | shares	108,096
Dividend equivalents (in shares) | shares	6,778
Vested (in shares) | shares	(78,695)
Outstanding at end of period (in shares) | shares	243,458
Weighted Average Price
Outstanding at beginning of period (in usd per share) | $ / shares	$ 122.57
Granted (in usd per share) | $ / shares	132.77
Dividend equivalents (in usd per share) | $ / shares	111.02
Vested (in usd per share) | $ / shares	143.54
Outstanding at end of period (in usd per share) | $ / shares	$ 120.26

Stockholders' Equity (Stock Rep

Stockholders' Equity (Stock Repurchase Program) (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended	6 Months Ended	9 Months Ended
	May 19, 2022	Mar. 31, 2024	Jun. 30, 2023	Sep. 30, 2024
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	0
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, 2024	Sep. 30, 2023
Segment Reporting Information
Number of reportable segments	2
Product Concentration Risk | Net sales | OEM Segment
Segment Reporting Information
Concentration risk, percentage	76%	76%
Product Concentration Risk | Net sales | Travel trailers and fifth-wheels
Segment Reporting Information
Concentration risk, percentage	53%
Product Concentration Risk | Net sales | Aftermarket Segment
Segment Reporting Information
Concentration risk, percentage	24%	24%

Segment Reporting (Disaggregati

Segment Reporting (Disaggregation of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Net sales	$ 915,497	$ 959,315	$ 2,938,070	$ 2,947,264
OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	684,461	728,467	2,238,897	2,245,648
Travel trailers and fifth-wheels
Disaggregation of Revenue [Line Items]
Net sales	369,212	363,573	1,186,324	1,032,866
Motorhomes
Disaggregation of Revenue [Line Items]
Net sales	52,800	65,669	185,258	206,404
Adjacent industries OEMs
Disaggregation of Revenue [Line Items]
Net sales	262,449	299,225	867,315	1,006,378
Aftermarket Segment
Disaggregation of Revenue [Line Items]
Net sales	231,036	230,848	699,173	701,616
Chassis, chassis parts and slide-out mechanisms | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	196,175	202,429	638,248	603,221
Windows and doors | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	203,735	214,135	650,314	652,840
Furniture and mattresses | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	98,072	104,266	314,241	370,175
Axles and suspension solutions | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	68,750	82,083	243,319	246,466
Other | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	117,729	125,554	392,775	372,946
U.S.
Disaggregation of Revenue [Line Items]
Net sales	825,185	860,030	2,625,398	2,629,737
U.S. | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	613,695	647,383	1,988,988	1,981,703
U.S. | Travel trailers and fifth-wheels
Disaggregation of Revenue [Line Items]
Net sales	363,746	352,774	1,162,855	994,581
U.S. | Motorhomes
Disaggregation of Revenue [Line Items]
Net sales	30,749	40,254	103,642	124,946
U.S. | Adjacent industries OEMs
Disaggregation of Revenue [Line Items]
Net sales	219,200	254,355	722,491	862,176
U.S. | Aftermarket Segment
Disaggregation of Revenue [Line Items]
Net sales	211,490	212,647	636,410	648,034
International
Disaggregation of Revenue [Line Items]
Net sales	90,312	99,285	312,672	317,527
International | OEM Segment
Disaggregation of Revenue [Line Items]
Net sales	70,766	81,084	249,909	263,945
International | Travel trailers and fifth-wheels
Disaggregation of Revenue [Line Items]
Net sales	5,466	10,799	23,469	38,285
International | Motorhomes
Disaggregation of Revenue [Line Items]
Net sales	22,051	25,415	81,616	81,458
International | Adjacent industries OEMs
Disaggregation of Revenue [Line Items]
Net sales	43,249	44,870	144,824	144,202
International | Aftermarket Segment
Disaggregation of Revenue [Line Items]
Net sales	$ 19,546	$ 18,201	$ 62,763	$ 53,582

Segment Reporting (Schedule of

Segment Reporting (Schedule of Operating Profit by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information
Operating profit	$ 53,888	$ 45,590	$ 202,103	$ 120,807
Operating Segments | OEM Segment
Segment Reporting Information
Operating profit	21,825	11,165	105,223	29,086
Operating Segments | Aftermarket Segment
Segment Reporting Information
Operating profit	$ 32,063	$ 34,425	$ 96,880	$ 91,721