Company: CVGI
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001290900-25-000010
Chunk: 63

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 63
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 (Subtopic 220-40): Disaggregation of Income Statement Expenses. Additionally, in January 2025, the FASB issued ASU No. 2025-01 to clarify the effective date of ASU No. 2024-03. This ASU updates financial reporting to require public business entities to disclose additional information about specific expense categories in the notes to financial statements at interim and annual reporting periods. This information is generally not presented in the financial statements today. The ASU also requires disclosure of the total amount of selling expenses and our definition of selling expenses. The standard is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. We are currently evaluating the impact of adopting this ASU on our consolidated financial statements and related disclosures.

3. Revenue Recognition 

We had outstanding customer accounts receivable, net of allowances, of $107.4 million as of June 30, 2025 and $118.7 million as of December 31, 2024. We generally do not have material other assets or liabilities associated with customer arrangements.Revenue Disaggregation - The following is the composition, by product category, of our revenues: Three Months Ended June 30, 2025Global SeatingGlobal Electrical SystemsTrim Systems and ComponentsTotalSeats$73,463 $— $— $73,463 Electrical wire harnesses, panels and assemblies994 53,585 — 54,579 Plastic & Trim components— — 34,670 34,670 Mirrors, wipers and controls— — 9,244 9,244 Total$74,457 $53,585 $43,914 $171,956 Three Months Ended June 30, 2024Global SeatingGlobal Electrical SystemsTrim Systems and ComponentsTotalSeats$81,705 $— $— $81,705 Electrical wire harnesses, panels and assemblies699 53,639 — 54,338 Plastic & Trim components— — 44,329 44,329 Mirrors, wipers and controls— — 13,293 13,293 Total$82,404 $53,639 $57,622 $193,665 Six Months Ended June 30, 2025Global SeatingGlobal Electrical SystemsTrim Systems and ComponentsTotalSeats