Company: CVGI
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001628280-25-051174
Chunk: 33

Company: Commercial Vehicle Group, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 33
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) 1$3,355 $(1,571)$11,974 $13,758 Corporate and other unallocated costs 29,245 Other (income) expense(615)Interest expense6,974 Loss before provision for income taxes$(1,846)1.Segment operating income includes allocated corporate operating expenses associated with central services such as procurement, quality, logistics, environmental health and safety, information technology, insurance, finance, credit and collections, treasury and human resources. Operating expenses related to corporate headquarter functions are primarily allocated to each segment 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.

23

3.For the three and nine months ended September 30, 2024, a $3.5 million gain on the sale of a building was previously reported on a full year basis in the Recast Segment Information in the selling, general and administrative expenses of the Global Seating segment and has been reclassified to the Trim Systems and Components segment herein. The reclassification is immaterial to the Company's consolidated financial statements and had no effect on the consolidated balance sheet, statement of operations or statement of cash flows as previously reported.

17. Other Financial Information

Items reported in inventories consisted of the following: September 30, 2025December 31, 2024Raw materials$90,929 $98,677 Work in process11,034 10,960 Finished goods21,091 18,587 Inventories$123,054 $128,224 Items reported in property, plant, and equipment, net consisted of the following:September 30, 2025December 31, 2024Land and buildings$30,275 $26,613 Machinery and equipment223,133 211,984 Construction in progress3,888 8,075 Property, plant, and equipment, gross257,296 246,672 Less accumulated depreciation(191,169)(177,811)Property, plant and equipment, net$66,127 $68,861 Items reported in accrued expenses and other liabilities consisted of the following:September 30, 2025December