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Segment Reporting | 9 Months Ended
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Sep. 30, 2013
Segment Reporting | Note 4 – Segment Reporting Segment information is used by management for making operating decisions and assessing the performance of the Company. Management evaluates the performance of its segments based primarily on operating income. The Company’s reportable segments are as follows:  Climate Control Seats (CCS) – variable temperature seat climate control system designed to improve the temperature comfort of automobile passengers. This segment also includes the heated and cooled cup holder and heated and cooled mattress divisions. This segment represents historical Gentherm business only. It does not include seat climate control products of historical W.E.T.  Advanced Technology – a division engaged in research and development efforts to improve the efficiency of thermoelectric devices and to develop, market and distribute products based on this new technology. It includes U.S. Department of Energy sponsored research projects, such as the development of a commercially viable thermoelectric generator.  W.E.T. Automotive AG (W.E.T.) – W.E.T. is being evaluated currently as an individual segment until such time as Gentherm is able to fully evaluate and implement its future integration plans and strategy. The tables below present segment information about the reported product revenues and operating income of the Company for the three month period ended September 30, 2013 and 2012. With the exception of goodwill, asset information by segment is not reported since the Company does not manage assets at a segment level at this time. Goodwill as of September 30, 2013 and 2012 pertained entirely to our W.E.T. segment.
Three Months Ended September 30, |  | CCS |  |  | Advanced Technology |  |  | W.E.T. |  |  | Reconciling Items |  |  | Consolidated Total |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product revenues |  | $ |  | 37,697 |  |  | $ |  |  | — |  |  | $ |  |  | 1 33,485 |  |  | $ |  |  | — |  |  | $ |  |  | 171,182 |
Depreciation and amortization |  |  | 437 |  |  |  | 117 |  |  |  | 6,870 |  |  |  | 313 |  |  |  | 7,737 |
Operating income (loss) |  |  | 11,152 |  |  |  | (1,544 | ) |  |  | 11,297 |  |  |  | (6,351 | ) |  |  | 14,554 |
2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product revenues |  | $ |  | 33,966 |  |  | $ |  |  | — |  |  | $ |  |  | 107,092 |  |  | $ |  |  | — |  |  | $ |  |  | 141,058 |
Depreciation and amortization |  |  | 329 |  |  |  | 82 |  |  |  | 6,692 |  |  |  | 342 |  |  |  | 7,445 |
Operating income (loss) |  |  | 9,328 |  |  |  | (1,631 | ) |  |  | 8,249 |  |  |  | (5,908 | ) |  |  | 10,038 |
The Advanced Technology operating loss for the three months ended September 30, 2013 and 2012 is net of $375 and $656, respectively, of reimbursed research and development costs. Reconciling items include historical Gentherm’s corporate selling, general and administrative costs and acquisition transaction costs.
Nine Months Ended September 30, |  | CCS |  |  | Advanced Technology |  |  | W.E.T. |  |  | Reconciling Items |  |  | Consolidated Total |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product revenues |  | $ |  | 103,460 |  |  | $ |  |  | — |  |  | $ |  |  | 376,332 |  |  | $ |  |  | — |  |  | $ |  |  | 479,792 |
Depreciation and amortization |  |  | 1,115 |  |  |  | 344 |  |  |  | 21,143 |  |  |  | 865 |  |  |  | 23,467 |
Operating income (loss) |  |  | 28,953 |  |  |  | (5,174 | ) |  |  | 28,407 |  |  |  | (1 9,422 | ) |  |  | 32,764 |
2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product revenues |  | $ |  | 96,117 |  |  | $ |  |  | — |  |  | $ |  |  | 310,620 |  |  | $ |  |  | — |  |  | $ |  |  | 406,737 |
Depreciation and amortization |  |  | 787 |  |  |  | 388 |  |  |  | 20,697 |  |  |  | 865 |  |  |  | 22,737 |
Operating income (loss) |  |  | 25,037 |  |  |  | (5,260 | ) |  |  | 22,274 |  |  |  | (14,962 | ) |  |  | 27,089 |
The Advanced Technology operating loss for the nine months ended September 30, 2013 and 2012 is net of $1,597 and $1,763, respectively, of reimbursed research and development costs. Reconciling items include historical Gentherm’s corporate selling, general and administrative costs and acquisition transaction costs. Note 4 – Segment Reporting – Continued Total product revenues information by geographic area:
| Three Months Ended September 30, |
--- | --- | ---
| 2013 |  |  | 2012 |
United States | $ |  | 76,543 |  |  |  | 45 |  | % |  | $ |  |  | 60,012 |  |  |  | 42 |  | %
Germany |  | 20,847 |  |  |  | 12 |  | % |  |  | 17,773 |  |  |  | 13 |  | %
China |  | 18,285 |  |  |  | 11 |  | % |  |  | 15,694 |  |  |  | 11 |  | %
South Korea |  | 13,546 |  |  |  | 8 |  | % |  |  | 10,716 |  |  |  | 8 |  | %
Japan |  | 10,281 |  |  |  | 6 |  | % |  |  | 10,294 |  |  |  | 7 |  | %
United Kingdom |  | 5,180 |  |  |  | 3 |  | % |  |  | 3,407 |  |  |  | 2 |  | %
Mexico |  | 4,230 |  |  |  | 2 |  | % |  |  | 3,581 |  |  |  | 3 |  | %
Czech Republic |  | 4,114 |  |  |  | 2 |  | % |  |  | 4,375 |  |  |  | 3 |  | %
Canada |  | 3,432 |  |  |  | 2 |  | % |  |  | 2,782 |  |  |  | 2 |  | %
Other |  | 14,724 |  |  |  | 9 |  | % |  |  | 12,424 |  |  |  | 9 |  | %
Total product revenues | $ |  | 171,182 |  |  |  | 100 |  | % |  | $ |  |  | 141,058 |  |  |  | 100 |  | %
| Nine Months Ended September 30, |
--- | --- | ---
| 2013 |  |  | 2012 |
United States | $ |  | 211,462 |  |  |  | 44 |  | % |  | $ |  |  | 173,233 |  |  |  | 43 |  | %
Germany |  | 61,332 |  |  |  | 13 |  | % |  |  | 49,405 |  |  |  | 12 |  | %
China |  | 47,972 |  |  |  | 10 |  | % |  |  | 43,510 |  |  |  | 11 |  | %
South Korea |  | 39,069 |  |  |  | 8 |  | % |  |  | 31,213 |  |  |  | 8 |  | %
Japan |  | 28,591 |  |  |  | 6 |  | % |  |  | 24,014 |  |  |  | 6 |  | %
United Kingdom |  | 13,319 |  |  |  | 3 |  | % |  |  | 12,959 |  |  |  | 3 |  | %
Czech Republic |  | 11,893 |  |  |  | 3 |  | % |  |  | 12,102 |  |  |  | 3 |  | %
Mexico |  | 11,696 |  |  |  | 2 |  | % |  |  | 11,467 |  |  |  | 3 |  | %
Canada |  | 1 0,533 |  |  |  | 2 |  | % |  |  | 9,527 |  |  |  | 2 |  | %
Other |  | 43,925 |  |  |  | 9 |  | % |  |  | 39,307 |  |  |  | 10 |  | %
Total product revenues | $ |  | 479,792 |  |  |  | 10 0 |  | % |  | $ |  |  | 406,737 |  |  |  | 100 |  | %

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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