XML 33 R25.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Summary of Significant Accounting Policies and Basis of Presentation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Reconciliation of Changes in Accrued Warranty Costs | The Company recognizes an estimated cost associated with warranty claims on its products at the time of sale. The amount recognized is based on estimates of future failure rates and current claim cost experience. The following is a reconciliation of the changes in accrued warranty costs for the reporting period:
|  | December 31, |
|  | 2014 |  |  | 2013 |
Balance at beginning of year |  | $ | 10,308 |  |  | $ | 8,588 |
Warranty claims paid or retired |  |  | (1,102 | ) |  |  | (676 | )
Reversal of previously recorded liability |  |  | (3,744 | )(1) |  |  | — |
Expense |  |  | 555 |  |  |  | 2,118 |
Adjustment due to currency translation |  |  | (796 | ) |  |  | 278 |
Balance at end of year |  | $ | 5,221 |  |  | $ | 10,308 |
(1) | During 2014, we reversed accruals for warranty liabilities. The reversal was due to management’s review of the facts and circumstances of the liability and the conclusion that the likelihood of settlement would be remote. The reversal is included as a reduction to the reported cost of sales during the year ended December 31, 2014.
Reconciliation of Changes in Inventory Reserve | The Company’s inventory is valued at the lower of cost (the first-in, first-out basis) or market. Raw materials, consumables and commodities are measured at cost of purchase and unfinished and finished goods are measured at cost of production, using the weighted average method. If the net realizable value expected on the reporting date is below cost, a write-down is recorded to adjust inventory to its net realizable value. The Company provides a reserve for obsolete and slow moving inventories based upon estimates of future sales and product redesign. The following is a reconciliation of the changes in the inventory reserve:
|  | December 31, |
|  | 2014 |  |  | 2013 |
Balance at beginning of year |  | $ | 2,933 |  |  | $ | 2,185 |
Expense |  |  | 2,204 |  |  |  | 779 |
Inventory write off |  |  | (154 | ) |  |  | (6 | )
Adjustment due to currency translation |  |  | (181 | ) |  |  | (25 | )
Balance at end of year |  | $ | 4,802 |  |  | $ | 2,933 |
Estimated Useful Lives of Property and Equipment | Depreciation and amortization are computed using the straight-line method. The estimated useful lives of the Company’s property and equipment are as follows:
Asset Category |  | Useful Life
Buildings |  | 5 to 50 years
Plant and Equipment |  | 1 to 20 years
Production tooling |  | Estimated life of tool (2 to 5 years)
Leasehold improvements |  | Shorter of estimated life or term of lease
Computer equipment and software |  | 1 to 10 years
Capital Leases |  | Shorter of useful life or term of lease
Roll Forward of Goodwill from Acquisition | Intangible assets, net of accumulated amortization, consisted of the following (balances are lower as of December 31, 2014 than as of April 1, 2014, the acquisition date, due to fluctuations in foreign currency exchange rates totaling $465):
|  | December 31, 2014
|  | Gross Value |  |  | Accumulated Amortization |  |  | Net Value |  |  | Useful Life
Customer relationships |  | $ | 5,264 |  |  | $ | (334 | ) |  | $ | 4,930 |  |  | 12 yrs
Order backlog |  |  | 777 |  |  |  | (777 | ) |  |  | — |  |  | 0.5 yrs
Technology |  |  | 2,675 |  |  |  | (204 | ) |  |  | 2,471 |  |  | 10 yrs
Trade name |  |  | 690 |  |  |  | (150 | ) |  |  | 540 |  |  | 3.5 yrs
Total |  | $ | 9,406 |  |  | $ | (1,465 | ) |  | $ | 7,941 |  |  |
Fair Value and Corresponding Useful Lives for Acquired Intangibles Assets | The fair value and corresponding useful lives for acquired intangible assets are listed below as follows:
Asset Category |  | Useful Life
Customer relationships |  | 10-15 years
Order Backlog |  | 0.5 years
Technology |  | 8-10 years
Production Development Costs |  | 4 years
Estimate of Total Intangible Asset Amortization | Amortization expense for the prospective five years is estimated to be as follows:
2015 |  | $ | 903 |
2016 |  |  | 903 |
2017 |  |  | 854 |
2018 |  |  | 706 |
2019 |  |  | 706 |
W.E.T |
Roll Forward of Goodwill from Acquisition | Goodwill and other intangible assets recorded in conjunction with business combinations are based on the Company’s estimate of fair value, as of the date of acquisition. A roll forward of goodwill from December 31, 2012 to December 31, 2014 is as follows:
December 31, 2012 |  | $ | 24,729 |
Exchange rate impact |  |  | 1,080 |
December 31, 2013 |  | $ | 25,809 |
Goodwill arising from the acquisition of GPT |  |  | 6,258 |
Exchange rate impact |  |  | (1,669 | )
December 31, 2014 |  | $ | 30,398 |
Estimate of Total Intangible Asset Amortization | An estimate of intangible asset amortization by year, is as follows:
2015 |  | $ | 15,848 |
2016 |  |  | 14,471 |
2017 |  |  | 14,471 |
2018 |  |  | 11,527 |
2019 |  |  | 10,121 |
Thereafter |  |  | 1,525 |

X
- Definition Schedule of accrued warranty costs. + References No definition available. + Details
Name: | thrm_ScheduleOfAccruedWarrantyCostsTableTextBlock
Namespace Prefix: | thrm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of inventory reserves table. + References No definition available. + Details
Name: | thrm_ScheduleOfInventoryReservesTableTextBlock
Namespace Prefix: | thrm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of useful life of property and equipment table. + References No definition available. + Details
Name: | thrm_ScheduleOfUsefulLifeOfPropertyAndEquipmentTableTextBlock
Namespace Prefix: | thrm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 + Details
Name: | us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | dei_LegalEntityAxis=thrm_WetAutomotiveAgMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |