2023 Q1 Form 10-K Financial Statement

#000076374423000016 Filed on February 24, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $973.3M $894.3M $5.207B
YoY Change -40.82% -26.29% 16.42%
Cost Of Revenue $787.2M $747.4M $3.934B
YoY Change -33.3% -18.88% 14.7%
Gross Profit $186.1M $146.9M $1.273B
YoY Change -59.92% -49.7% 22.08%
Gross Profit Margin 19.12% 16.43% 24.45%
Selling, General & Admin $166.0M $169.9M $720.3M
YoY Change -14.66% -4.58% 11.73%
% of Gross Profit 89.23% 115.68% 56.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $32.50M $33.25M $129.2M
YoY Change 2.16% 3.54% 15.04%
% of Gross Profit 17.47% 22.63% 10.15%
Operating Expenses $166.0M $169.9M $720.3M
YoY Change -14.66% -4.58% 11.73%
Operating Profit $20.04M -$23.04M $553.0M
YoY Change -92.57% -120.21% 38.81%
Interest Expense -$10.39M -$8.220M -$27.57M
YoY Change 66.25% 48.86% 68.48%
% of Operating Profit -51.86% -4.99%
Other Income/Expense, Net
YoY Change
Pretax Income $9.649M -$31.26M $525.5M
YoY Change -96.34% -128.82% 37.54%
Income Tax $2.390M -$14.13M $130.5M
% Of Pretax Income 24.77% 24.83%
Net Earnings $7.259M -$17.13M $395.0M
YoY Change -96.3% -120.81% 37.27%
Net Earnings / Revenue 0.75% -1.92% 7.59%
Basic Earnings Per Share $0.29 $15.57
Diluted Earnings Per Share $0.29 -$0.68 $15.48
COMMON SHARES
Basic Shares Outstanding 25.18M shares 25.43M shares 25.37M shares
Diluted Shares Outstanding 25.29M shares 25.51M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $23.47M $47.50M $47.50M
YoY Change -57.68% -24.48% -24.48%
Cash & Equivalents $23.47M $47.50M $47.50M
Short-Term Investments
Other Short-Term Assets $91.62M $99.31M $99.31M
YoY Change 29.47% 12.47% 12.47%
Inventory $909.4M $1.030B $1.030B
Prepaid Expenses
Receivables $340.3M $214.3M $214.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.365B $1.391B $1.391B
YoY Change -25.3% -11.24% -11.24%
LONG-TERM ASSETS
Property, Plant & Equipment $480.9M $482.2M $729.2M
YoY Change 6.84% 13.07% 23.37%
Goodwill $566.2M $567.1M
YoY Change 0.74% 4.4%
Intangibles $491.4M $503.3M
YoY Change -8.83% -3.2%
Long-Term Investments
YoY Change
Other Assets $57.52M $56.56M $56.56M
YoY Change -8.29% -15.58% -15.58%
Total Long-Term Assets $1.845B $1.856B $1.856B
YoY Change 1.71% 7.84% 7.84%
TOTAL ASSETS
Total Short-Term Assets $1.365B $1.391B $1.391B
Total Long-Term Assets $1.845B $1.856B $1.856B
Total Assets $3.209B $3.247B $3.247B
YoY Change -11.85% -1.25% -1.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $169.9M $143.5M $143.5M
YoY Change -50.17% -49.14% -49.14%
Accrued Expenses $205.2M $219.2M $254.7M
YoY Change -40.61% -9.94% 26.66%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $25.45M $23.09M $23.09M
YoY Change 20.57% -67.49% -67.49%
Total Short-Term Liabilities $436.0M $421.3M $421.3M
YoY Change -41.16% -32.83% -32.83%
LONG-TERM LIABILITIES
Long-Term Debt $1.056B $1.096B $1.096B
YoY Change -16.58% -11.05% -11.05%
Other Long-Term Liabilities $102.3M $95.66M $318.1M
YoY Change -35.05% -35.98% 8.63%
Total Long-Term Liabilities $1.158B $1.192B $1.414B
YoY Change -18.62% -13.74% -7.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $436.0M $421.3M $421.3M
Total Long-Term Liabilities $1.158B $1.192B $1.414B
Total Liabilities $1.850B $1.866B $1.866B
YoY Change -22.32% -15.0% -15.0%
SHAREHOLDERS EQUITY
Retained Earnings $1.201B $1.221B
YoY Change 8.85% 31.21%
Common Stock $231.6M $235.2M
YoY Change 6.68% 6.57%
Preferred Stock
YoY Change
Treasury Stock (at cost) $82.22M $82.22M
YoY Change 41.36% 41.36%
Treasury Stock Shares 3.341M shares 3.341M shares
Shareholders Equity $1.360B $1.381B $1.381B
YoY Change
Total Liabilities & Shareholders Equity $3.209B $3.247B $3.247B
YoY Change -11.85% -1.25% -1.25%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $7.259M -$17.13M $395.0M
YoY Change -96.3% -120.81% 37.27%
Depreciation, Depletion And Amortization $32.50M $33.25M $129.2M
YoY Change 2.16% 3.54% 15.04%
Cash From Operating Activities $74.68M $117.0M $602.5M
YoY Change -44.65% -194.46% -640.02%
INVESTING ACTIVITIES
Capital Expenditures $17.16M $26.89M $130.6M
YoY Change -59.18% -209.05% 32.58%
Acquisitions $6.250M $108.5M
YoY Change -87.52% -44.12%
Other Investing Activities -$1.960M -$57.58M $2.679M
YoY Change -994.98% 45.09% -123.45%
Cash From Investing Activities -$21.45M -$84.47M -$241.8M
YoY Change -76.77% 31.27% -14.02%
FINANCING ACTIVITIES
Cash Dividend Paid $26.56M $102.7M
YoY Change 16.15% 17.84%
Common Stock Issuance & Retirement, Net $24.05M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$76.82M -9.941M -$374.9M
YoY Change 55.78% -105.51% -192.66%
NET CHANGE
Cash From Operating Activities $74.68M 117.0M $602.5M
Cash From Investing Activities -$21.45M -84.47M -$241.8M
Cash From Financing Activities -$76.82M -9.941M -$374.9M
Net Change In Cash -$24.03M 22.60M -$15.40M
YoY Change 222.73% -388.4% -239.02%
FREE CASH FLOW
Cash From Operating Activities $74.68M $117.0M $602.5M
Capital Expenditures $17.16M $26.89M $130.6M
Free Cash Flow $57.52M $90.11M $471.9M
YoY Change -38.08% -190.84% -324.59%

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BASIS OF PRESENTATION<div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Consolidated Financial Statements include the accounts of LCI Industries and its wholly-owned subsidiaries ("LCII" and collectively with its subsidiaries, the "Company," "we," "us," or "our"). LCII has no unconsolidated subsidiaries. LCII, through its wholly-owned subsidiary, Lippert Components, Inc. and its subsidiaries (collectively, "Lippert Components," "LCI," or "Lippert"), supplies, domestically and internationally, a broad array of engineered components for the leading original equipment manufacturers ("OEMs") in the recreation and transportation product markets, consisting primarily of recreational vehicles ("RVs") and adjacent industries including 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 December 31, 2022, the Company operated over 130 manufacturing and distribution facilities located throughout North America and Europe.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Most industries where the Company sells products or where its products are used historically have been seasonal and are generally at the highest levels when the weather is moderate. Accordingly, the Company's sales and profits have generally been the highest in the second quarter and lowest in the fourth quarter. However, current and future seasonal industry trends have been, and may in the future be, different than in prior years due to various factors, including fluctuations in dealer inventories and the timing of dealer orders, the impact of international, national, and regional economic conditions and consumer confidence on retail sales of RVs and other products for which the Company sells its components, the impact of severe weather conditions on the timing of industry-wide shipments from time to time, as well as the coronavirus ("COVID-19") pandemic and related impacts. Additionally, many of the optional upgrades and non-critical replacements for RVs are purchased outside the normal product selling season, thereby causing certain Aftermarket Segment sales to be counter-seasonal, but this has been, and may in the future be, different as a result of the COVID-19 pandemic and the continuing impact of market and supply chain disruptions.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 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.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Risks and Uncertainties</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The COVID-19 pandemic and the conflict between Russia and Ukraine (the "Russia-Ukraine War") have caused significant uncertainty and disruption in the global economy and financial markets. Management continues to closely monitor the impact of COVID-19 and the Russia-Ukraine War, as well as heightened tensions between China and Taiwan, on all aspects of the business. The extent to which COVID-19, the Russia-Ukraine War, and/or relations between China and Taiwan may impact the Company's liquidity, financial condition, and results of operations in the future remains uncertain.</span></div>
CY2022 lcii Number Of Unconsolidated Subsidiaries
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0 subsidiary
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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Risks and Uncertainties</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The COVID-19 pandemic and the conflict between Russia and Ukraine (the "Russia-Ukraine War") have caused significant uncertainty and disruption in the global economy and financial markets. Management continues to closely monitor the impact of COVID-19 and the Russia-Ukraine War, as well as heightened tensions between China and Taiwan, on all aspects of the business. The extent to which COVID-19, the Russia-Ukraine War, and/or relations between China and Taiwan may impact the Company's liquidity, financial condition, and results of operations in the future remains uncertain.</span></div>
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FiniteLivedIntangibleAssetsAccumulatedAmortization
202675000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
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519957000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
56373000 usd
CY2021 us-gaap Amortization Of Intangible Assets
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47565000 usd
CY2020 us-gaap Amortization Of Intangible Assets
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37873000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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56217000 usd
CY2022Q4 us-gaap Inventory Net
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CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
54353000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
50043000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
46962000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
44863000 usd
CY2022Q4 us-gaap Inventory Raw Materials
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600601000 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
833992000 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
44850000 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
48250000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
384254000 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
213665000 usd
CY2021Q4 us-gaap Inventory Net
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1095907000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
55900000 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
35700000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
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945255000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
463070000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
416007000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
482185000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
426455000 usd
CY2022 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
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56039000 usd
CY2021 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
48962000 usd
CY2020 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
45388000 usd
CY2022 lcii Selling General And Administrative Expenses Depreciation And Amortization
SellingGeneralAndAdministrativeExpensesDepreciationAndAmortization
16800000 usd
CY2021 lcii Selling General And Administrative Expenses Depreciation And Amortization
SellingGeneralAndAdministrativeExpensesDepreciationAndAmortization
15793000 usd
CY2020 lcii Selling General And Administrative Expenses Depreciation And Amortization
SellingGeneralAndAdministrativeExpensesDepreciationAndAmortization
14719000 usd
CY2022 lcii Property Plan And Equipment Depreciation And Amortization
PropertyPlanAndEquipmentDepreciationAndAmortization
72839000 usd
CY2021 lcii Property Plan And Equipment Depreciation And Amortization
PropertyPlanAndEquipmentDepreciationAndAmortization
64755000 usd
CY2020 lcii Property Plan And Equipment Depreciation And Amortization
PropertyPlanAndEquipmentDepreciationAndAmortization
60107000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
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77804000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
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85760000 usd
CY2022Q4 lcii Business Combination Deferred Acquisition Payments And Contingent Consideration Liability Current
BusinessCombinationDeferredAcquisitionPaymentsAndContingentConsiderationLiabilityCurrent
34013000 usd
CY2021Q4 lcii Business Combination Deferred Acquisition Payments And Contingent Consideration Liability Current
BusinessCombinationDeferredAcquisitionPaymentsAndContingentConsiderationLiabilityCurrent
39307000 usd
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
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35148000 usd
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
33874000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
72273000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
84497000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
219238000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
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243438000 usd
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
52114000 usd
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
47091000 usd
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
47167000 usd
CY2022 us-gaap Product Warranty Expense
ProductWarrantyExpense
46363000 usd
CY2021 us-gaap Product Warranty Expense
ProductWarrantyExpense
28223000 usd
CY2020 us-gaap Product Warranty Expense
ProductWarrantyExpense
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CY2022 us-gaap Product Warranty Accrual Additions From Business Acquisition
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0 usd
CY2021 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
7890000 usd
CY2020 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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CY2020 us-gaap Product Warranty Accrual Additions From Business Acquisition
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2915000 usd
CY2022 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
43949000 usd
CY2021 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
31090000 usd
CY2020 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
22028000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
54528000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
52114000 usd
CY2020Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
47091000 usd
CY2022Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
19380000 usd
CY2021Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
18240000 usd
CY2020Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
14640000 usd
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
35148000 usd
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
33874000 usd
CY2020Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
32451000 usd
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CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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11600000 usd
CY2022 lcii Deferred Compensation Percentage Of Funds Invested
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1
CY2022 us-gaap Defined Benefit Plan Curtailments
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CY2021Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
85593000 usd
CY2020Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
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CY2022 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1403000 usd
CY2021 us-gaap Defined Benefit Plan Interest Cost
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652000 usd
CY2022 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
2836000 usd
CY2021 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
4352000 usd
CY2022 us-gaap Defined Benefit Plan Curtailments
DefinedBenefitPlanCurtailments
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CY2021 us-gaap Defined Benefit Plan Curtailments
DefinedBenefitPlanCurtailments
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CY2022 us-gaap Defined Benefit Plan Benefit Obligation Contributions By Plan Participant
DefinedBenefitPlanBenefitObligationContributionsByPlanParticipant
666000 usd
CY2021 us-gaap Defined Benefit Plan Benefit Obligation Contributions By Plan Participant
DefinedBenefitPlanBenefitObligationContributionsByPlanParticipant
626000 usd
CY2022 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
975000 usd
CY2021 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
1097000 usd
CY2022 us-gaap Defined Benefit Plan Actuarial Gain Loss Immediate Recognition As Component In Net Periodic Benefit Cost Credit
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69445000 usd
CY2021 us-gaap Defined Benefit Plan Actuarial Gain Loss Immediate Recognition As Component In Net Periodic Benefit Cost Credit
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8390000 usd
CY2022 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
5862000 usd
CY2021 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
7262000 usd
CY2022Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
12186000 usd
CY2021Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
85593000 usd
CY2021Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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52296000 usd
CY2020Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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61936000 usd
CY2022 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
910000 usd
CY2021 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
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CY2022 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
1626000 usd
CY2021 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
1419000 usd
CY2022 us-gaap Defined Benefit Plan Plan Assets Contributions By Plan Participant
DefinedBenefitPlanPlanAssetsContributionsByPlanParticipant
666000 usd
CY2021 us-gaap Defined Benefit Plan Plan Assets Contributions By Plan Participant
DefinedBenefitPlanPlanAssetsContributionsByPlanParticipant
626000 usd
CY2022 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
1349000 usd
CY2021 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
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1377000 usd
CY2022 lcii Defined Benefit Plan Plan Assets Actuarial Gain Loss
DefinedBenefitPlanPlanAssetsActuarialGainLoss
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CY2021 lcii Defined Benefit Plan Plan Assets Actuarial Gain Loss
DefinedBenefitPlanPlanAssetsActuarialGainLoss
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CY2022 us-gaap Defined Benefit Plan Plan Assets Foreign Currency Translation Gain Loss
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CY2021 us-gaap Defined Benefit Plan Plan Assets Foreign Currency Translation Gain Loss
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CY2022Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2021Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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52296000 usd
CY2022Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
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CY2021Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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CY2022Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
12186000 usd
CY2021Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
85593000 usd
CY2022 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
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0.0375
CY2021 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
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CY2022 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
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0.0375
CY2021 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
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CY2022 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
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CY2021 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase
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0.0200
CY2021 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
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0.013
CY2022 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0375
CY2021 lcii Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase Current Fiscal Year
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CY2021 lcii Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase After Year One And Two
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncreaseAfterYearOneAndTwo
0.02
CY2022 lcii Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase Year One
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncreaseYearOne
0.07
CY2022 lcii Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase Year Two
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncreaseYearTwo
0.0045
CY2022 lcii Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Rate Of Compensation Increase After Year One And Two
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncreaseAfterYearOneAndTwo
0.02
CY2022Q4 lcii Liability Defined Benefit Plan Deferred Taxes
LiabilityDefinedBenefitPlanDeferredTaxes
1200000 usd
CY2021Q4 lcii Liability Defined Benefit Plan Deferred Taxes
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CY2022Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
4800000 usd
CY2021Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
33297000 usd
CY2022Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
28125000 usd
CY2022 us-gaap Defined Benefit Plan Service Cost
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2836000 usd
CY2021Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
2107000 usd
CY2021 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
4352000 usd
CY2020 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
3357000 usd
CY2022 us-gaap Defined Benefit Plan Interest Cost
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1403000 usd
CY2021 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
652000 usd
CY2020 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
1007000 usd
CY2022 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
910000 usd
CY2021 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
424000 usd
CY2020 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
626000 usd
CY2022 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
262000 usd
CY2021 us-gaap Defined Benefit Plan Amortization Of Gains Losses
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0 usd
CY2020 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
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CY2022 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
2030000 usd
CY2021 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
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0 usd
CY2020 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
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CY2022 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
374000 usd
CY2021 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
280000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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216234000 usd
CY2020 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
276000 usd
CY2022 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1411000 usd
CY2021 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
4860000 usd
CY2020 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
4014000 usd
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Employer Contributions Next Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear
700000 usd
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
63000 usd
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
76000 usd
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
93000 usd
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
116000 usd
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
153000 usd
CY2022Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
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1148000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
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9052000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
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11988000 usd
CY2022Q4 us-gaap Long Term Debt
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CY2021Q4 us-gaap Long Term Debt
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1302962000 usd
CY2022Q4 us-gaap Long Term Debt Current
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23086000 usd
CY2021Q4 us-gaap Long Term Debt Current
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71003000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
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1095888000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
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1231959000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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550030000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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378460000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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3584000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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525455000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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382044000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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209481000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
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CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
2192000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
2192000 usd
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
2342000 usd
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
2342000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-285000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-285000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-517000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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