2024 Q1 Form 10-K Financial Statement

#000076374424000023 Filed on February 23, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $968.0M $837.5M $3.785B
YoY Change -0.54% -6.35% -27.32%
Cost Of Revenue $744.1M $676.5M $3.009B
YoY Change -5.48% -9.49% -23.52%
Gross Profit $223.9M $161.1M $776.2M
YoY Change 20.33% 9.63% -39.04%
Gross Profit Margin 23.13% 19.23% 20.51%
Selling, General & Admin $166.3M $158.4M $652.8M
YoY Change 0.16% -6.78% -9.37%
% of Gross Profit 74.27% 98.37% 84.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $32.69M $32.95M $131.8M
YoY Change 0.58% -0.89% 1.98%
% of Gross Profit 14.6% 20.46% 16.98%
Operating Expenses $166.3M $158.4M $652.8M
YoY Change 0.16% -6.78% -9.37%
Operating Profit $57.61M $2.621M $123.4M
YoY Change 187.44% -111.38% -77.68%
Interest Expense -$9.321M -$9.456M $40.42M
YoY Change -10.32% 15.04% -246.61%
% of Operating Profit -16.18% -360.78% 32.75%
Other Income/Expense, Net
YoY Change
Pretax Income $48.29M -$6.835M $83.00M
YoY Change 400.47% -78.13% -84.2%
Income Tax $11.75M -$4.458M $18.81M
% Of Pretax Income 24.32% 22.66%
Net Earnings $36.55M -$2.377M $64.20M
YoY Change 403.44% -86.12% -83.75%
Net Earnings / Revenue 3.78% -0.28% 1.7%
Basic Earnings Per Share $1.44 $2.54
Diluted Earnings Per Share $1.44 -$0.09 $2.52
COMMON SHARES
Basic Shares Outstanding 25.33M shares 25.32M shares 25.31M shares
Diluted Shares Outstanding 25.39M shares 25.44M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.63M $66.16M $66.16M
YoY Change -3.58% 39.28% 39.28%
Cash & Equivalents $22.63M $66.20M $66.16M
Short-Term Investments
Other Short-Term Assets $68.07M $67.60M $67.60M
YoY Change -25.71% -31.93% -31.93%
Inventory $734.4M $768.4M $768.4M
Prepaid Expenses
Receivables $344.4M $214.7M $214.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.169B $1.117B $1.117B
YoY Change -14.31% -19.69% -19.69%
LONG-TERM ASSETS
Property, Plant & Equipment $454.1M $465.8M $711.2M
YoY Change -5.58% -3.4% -2.47%
Goodwill $587.8M $589.6M
YoY Change 3.82% 3.97%
Intangibles $432.7M $448.8M
YoY Change -11.94% -10.84%
Long-Term Investments
YoY Change
Other Assets $94.85M $92.97M $92.97M
YoY Change 64.9% 64.37% 64.37%
Total Long-Term Assets $1.812B $1.842B $1.842B
YoY Change -1.77% -0.74% -0.74%
TOTAL ASSETS
Total Short-Term Assets $1.169B $1.117B $1.117B
Total Long-Term Assets $1.812B $1.842B $1.842B
Total Assets $2.981B $2.959B $2.959B
YoY Change -7.11% -8.86% -8.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $193.9M $183.7M $183.7M
YoY Change 14.16% 27.99% 27.99%
Accrued Expenses $177.2M $174.4M $210.7M
YoY Change -13.63% -20.43% -17.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $568.0K $589.0K $589.0K
YoY Change -97.77% -97.45% -97.45%
Total Short-Term Liabilities $409.0M $395.0M $395.0M
YoY Change -6.19% -6.24% -6.24%
LONG-TERM LIABILITIES
Long-Term Debt $854.8M $846.8M $846.8M
YoY Change -19.03% -22.73% -22.73%
Other Long-Term Liabilities $111.2M $107.4M $330.1M
YoY Change 8.64% 12.31% 3.76%
Total Long-Term Liabilities $966.0M $954.3M $1.177B
YoY Change -16.58% -19.91% -16.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $409.0M $395.0M $395.0M
Total Long-Term Liabilities $966.0M $954.3M $1.177B
Total Liabilities $1.624B $1.604B $1.604B
YoY Change -12.18% -14.02% -14.02%
SHAREHOLDERS EQUITY
Retained Earnings $1.186B $1.177B
YoY Change -1.26% -3.62%
Common Stock $241.8M $245.9M
YoY Change 4.41% 4.55%
Preferred Stock
YoY Change
Treasury Stock (at cost) $82.22M $82.22M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $1.357B $1.355B $1.355B
YoY Change
Total Liabilities & Shareholders Equity $2.981B $2.959B $2.959B
YoY Change -7.11% -8.86% -8.86%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $36.55M -$2.377M $64.20M
YoY Change 403.44% -86.12% -83.75%
Depreciation, Depletion And Amortization $32.69M $32.95M $131.8M
YoY Change 0.58% -0.89% 1.98%
Cash From Operating Activities -$7.654M $138.0M $527.2M
YoY Change -110.25% 17.91% -12.5%
INVESTING ACTIVITIES
Capital Expenditures $8.608M $12.15M $62.21M
YoY Change -49.83% -54.82% -52.38%
Acquisitions $0.00 $25.85M
YoY Change -100.0% -76.17%
Other Investing Activities -$173.0K $28.00K -$4.312M
YoY Change -91.17% -100.05% -260.96%
Cash From Investing Activities -$8.435M -$12.12M -$83.75M
YoY Change -60.67% -85.65% -65.36%
FINANCING ACTIVITIES
Cash Dividend Paid $26.72M $106.3M
YoY Change 0.59% 3.51%
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$26.45M -92.74M -$426.2M
YoY Change -65.57% 832.87% 13.69%
NET CHANGE
Cash From Operating Activities -$7.654M 138.0M $527.2M
Cash From Investing Activities -$8.435M -12.12M -$83.75M
Cash From Financing Activities -$26.45M -92.74M -$426.2M
Net Change In Cash -$43.53M 33.11M $18.66M
YoY Change 81.13% 46.52% -221.18%
FREE CASH FLOW
Cash From Operating Activities -$7.654M $138.0M $527.2M
Capital Expenditures $8.608M $12.15M $62.21M
Free Cash Flow -$16.26M $125.8M $465.0M
YoY Change -128.27% 39.62% -1.45%

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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 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 December 31, 2023, the Company operated over 110 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, 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.</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.</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="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Negative conditions in the general economy in the United States or abroad, including conditions resulting from financial and credit market fluctuations, increased inflation and interest rates, changes in economic policy, trade uncertainty, including changes in tariffs, sanctions, international treaties, and other trade restrictions, including geopolitical tensions, armed conflicts, natural disasters or global public health crises, have negatively impacted, and could continue to negatively impact, the Company’s business, liquidity, financial condition and results of operations.</span></div>
CY2023 lcii Number Of Unconsolidated Subsidiaries
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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="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Negative conditions in the general economy in the United States or abroad, including conditions resulting from financial and credit market fluctuations, increased inflation and interest rates, changes in economic policy, trade uncertainty, including changes in tariffs, sanctions, international treaties, and other trade restrictions, including geopolitical tensions, armed conflicts, natural disasters or global public health crises, have negatively impacted, and could continue to negatively impact, the Company’s business, liquidity, financial condition and results of operations.</span></div>
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CY2022Q4 us-gaap Product Warranty Accrual Classified Current
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CY2022Q4 us-gaap Other Accrued Liabilities Current
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CY2023Q4 us-gaap Accrued Liabilities Current
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174437000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
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CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
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CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
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CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
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ProductWarrantyExpense
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CY2022 us-gaap Product Warranty Expense
ProductWarrantyExpense
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CY2021 us-gaap Product Warranty Expense
ProductWarrantyExpense
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789000 usd
CY2022 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
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CY2021 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
7890000 usd
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ProductWarrantyAccrualPayments
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ProductWarrantyAccrualPayments
43949000 usd
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ProductWarrantyAccrualPayments
31090000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
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CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
54528000 usd
CY2021Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
52114000 usd
CY2023Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
23110000 usd
CY2022Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
19380000 usd
CY2021Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
18240000 usd
CY2023Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
48468000 usd
CY2022Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
35148000 usd
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
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CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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DefinedBenefitPlanBenefitObligation
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1403000 usd
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CY2022 us-gaap Defined Benefit Plan Service Cost
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CY2023 us-gaap Defined Benefit Plan Curtailments
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CY2022 us-gaap Defined Benefit Plan Curtailments
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CY2022 us-gaap Defined Benefit Plan Benefit Obligation Contributions By Plan Participant
DefinedBenefitPlanBenefitObligationContributionsByPlanParticipant
666000 usd
CY2023 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
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CY2022 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
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CY2023 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
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CY2022 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
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5862000 usd
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CY2022Q4 us-gaap Defined Benefit Plan Benefit Obligation
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CY2021Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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292000 usd
CY2022 us-gaap Defined Benefit Plan Actual Return On Plan Assets
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910000 usd
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CY2022 us-gaap Defined Benefit Plan Contributions By Employer
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CY2023 us-gaap Defined Benefit Plan Plan Assets Foreign Currency Translation Gain Loss
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CY2022 us-gaap Defined Benefit Plan Plan Assets Foreign Currency Translation Gain Loss
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CY2023Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2022Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2022Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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DefinedBenefitPlanAccumulatedBenefitObligation
13052000 usd
CY2022Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
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CY2022Q4 lcii Liability Defined Benefit Plan Deferred Taxes
LiabilityDefinedBenefitPlanDeferredTaxes
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CY2022Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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CY2022Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
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CY2022 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
2836000 usd
CY2021 us-gaap Defined Benefit Plan Service Cost
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CY2023 us-gaap Defined Benefit Plan Interest Cost
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455000 usd
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1403000 usd
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DefinedBenefitPlanExpectedReturnOnPlanAssets
292000 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
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696000 usd
CY2022 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
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CY2021 us-gaap Defined Benefit Plan Amortization Of Gains Losses
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CY2022 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
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CY2021 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
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CY2023 us-gaap Defined Benefit Plan Other Costs
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CY2022 us-gaap Defined Benefit Plan Other Costs
DefinedBenefitPlanOtherCosts
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CY2021 us-gaap Defined Benefit Plan Other Costs
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4860000 usd
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
74000 usd
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
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CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
113000 usd
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
147000 usd
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
155000 usd
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
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1297000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
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6624000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
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CY2023Q4 us-gaap Long Term Debt
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CY2023Q4 us-gaap Long Term Debt Current
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CY2023Q4 us-gaap Long Term Debt Noncurrent
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CY2022Q4 us-gaap Long Term Debt Noncurrent
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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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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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2023 us-gaap Current State And Local Tax Expense Benefit
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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
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CY2023 us-gaap Current Foreign Tax Expense Benefit
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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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CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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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
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CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
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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
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2023 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2023 lcii Effective Income Tax Rate Reconciliation Permanent Section162m
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1896000 usd
CY2022 lcii Effective Income Tax Rate Reconciliation Permanent Section162m
EffectiveIncomeTaxRateReconciliationPermanentSection162m
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CY2021 lcii Effective Income Tax Rate Reconciliation Permanent Section162m
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CY2023 us-gaap Income Tax Reconciliation Tax Credits
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CY2022 us-gaap Income Tax Reconciliation Tax Credits
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CY2021 us-gaap Income Tax Reconciliation Tax Credits
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CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2022 us-gaap Income Tax Reconciliation Other Adjustments
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CY2021 us-gaap Income Tax Reconciliation Other Adjustments
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CY2023 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023Q4 lcii Deferred Tax Assets Share Based Compensation
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CY2022Q4 lcii Deferred Tax Assets Share Based Compensation
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CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
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CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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15091000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
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13936000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Warranty Reserves
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