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Consolidated Condensed Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Product revenues $ 193,938 $ 148,090
Cost of sales 136,913 109,039
Gross margin 57,025 39,051
Operating expenses:    
Net research and development expenses 13,045 11,841
Acquisition transaction expenses 1,075 1,163
Selling, general and administrative 18,089 16,256
Total operating expenses 32,209 29,260
Operating income 24,816 9,791
Interest expense (931) (981)
Revaluation of derivatives (247) 346
Foreign currency (loss) gain (1,523) 987
Gain realized from step acquisition of subsidiary 785  
Income from equity investment   225
Other income (expense) (19) 336
Earnings before income tax 22,881 10,704
Income tax expense 6,302 795
Net income 16,579 9,909
Income attributable to non-controlling interest   (1,258)
Net income attributable to Gentherm Incorporated 16,579 8,651
Convertible preferred stock dividends   (923)
Net income attributable to common shareholders $ 16,579 $ 7,728
Basic earnings per share $ 0.47 $ 0.24
Diluted earnings per share $ 0.47 $ 0.24
Weighted average number of shares – basic 35,063,671 31,606,986
Weighted average number of shares – diluted 35,592,026 32,083,549