Company: CVGI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001628280-25-022764
Chunk: 22

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 22
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 based on revenue contribution.2.Unallocated corporate costs include enterprise and governance stewardship which include listing fees, audit fees, compliance costs, insurance costs, Board of Directors fees, and corporate management stock-based compensation expenses. Finally, interest expense, income taxes, and certain other items included in Other (income) expense, which are managed on a consolidated basis, are not allocated to the operating segments.

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17. Other Financial Information

Items reported in inventories consisted of the following: March 31, 2025December 31, 2024Raw materials$95,635 $98,677 Work in process11,222 10,960 Finished goods16,229 18,587 Inventories$123,086 $128,224 Items reported in property, plant, and equipment, net consisted of the following:March 31, 2025December 31, 2024Land and buildings$27,215 $26,613 Machinery and equipment216,695 211,984 Construction in progress7,348 8,075 Property, plant, and equipment, gross251,258 246,672 Less accumulated depreciation(182,574)(177,811)Property, plant and equipment, net$68,684 $68,861 Items reported in accrued expenses and other liabilities consisted of the following:March 31, 2025December 31, 2024Compensation and benefits$14,726 $12,542 Operating lease liabilities8,160 8,033 Taxes payable3,385 2,122 Accrued legal and professional fees2,209 1,694 Derivative liabilities2,195 5,701 Accrued freight2,159 3,243 Warranty costs1,352 1,207 Customer tooling projects1,083 1,259 Other3,867 4,557 Accrued liabilities and other$39,136 $40,358 

18. Discontinued Operations

On July 31, 2024, the Company entered into a purchase agreement to sell its cab structures business with operations in Kings Mountain, North Carolina for approximately $40 million. On September 6, 2024, the Company entered into an Amendment to the Purchase Agreement whereby the transaction closed on September 6, 2024 with the Company receiving $20 million of the purchase price on September 6, 202