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Segment Reporting | 12 Months Ended
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Dec. 31, 2014
Segment Reporting [Abstract] |
Segment Reporting | Note 11 — Segment Reporting Segment information is used by management for making operating decisions for the Company. Management evaluates the performance of the Company’s segments based primarily on operating income or loss (see Note 2). As part of the initiative to integrate the operations of historical Gentherm and W.E.T. Automotive Systems AG (now known as Gentherm GmbH), changes were made to Gentherm’s structure of internal organization. The financial information used by our chief operating decision maker to assess performance and allocation resources reflects changes brought about through this initiative. Gentherm’s organization structure no longer treats the operations of historical Gentherm and Gentherm GmbH separately. The integration expanded the research and development activities analyzed within the advanced technology segment and moved certain selling, general and administrative costs previously reported within the Gentherm GmbH segment to corporate reconciling items. As discussed in Note 3, Gentherm acquired GPT on April 1, 2014. The acquisition enhanced key elements of the Company’s business strategy to expand the breadth of products derived from core thermal technologies, as well as the markets in which they are applied. The chief operation decision maker evaluates GPT’s performance separate from the automotive segment. The operating results of GPT and the advanced research and development division are presented together as one reporting segment due to their complementary focus on thermoelectric technologies and related products. The Company’s reportable segments are as follows:
1. | Automotive — this segment represents the design, development, manufacturing and sales of automotive seat comfort systems, specialized automotive cable systems and certain automotive and non-automotive thermal convenience products.
2. | Industrial — the combined operating results of GPT and Gentherm’s advanced research and development division. Advanced research and development includes efforts focused on improving the efficiency of thermoelectric technologies and advanced heating wire technology as well as other applications. The segment includes government sponsored research projects, including those sponsored by the U.S. Department of Energy, the Germany Ministry of Economics and Technology and the European Union.
3. | Reconciling Items — include corporate selling, general and administrative costs and acquisition transaction costs.
Note 11 — Segment Reporting (Continued) The tables below present segment information about the reported product revenues and operating income of the Company for years ended December 31, 2014, 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. As of December 31, 2014, goodwill assigned to our Automotive and Industrial segments were $24,140 and $6,258, respectively. Goodwill as of December 31, 2013 and 2012 pertained entirely to our Automotive segment.
|  | Automotive |  |  | Industrial |  |  | Reconciling Items |  |  | Consolidated Total |
2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product revenues |  | $ | 787,065 |  |  | $ | 24,235 |  |  | $ | — |  |  | $ | 811,300 |
Depreciation and amortization |  |  | 30,016 |  |  |  | 2,114 |  |  |  | 2,899 |  |  |  | 35,029 |
Operating income (loss) |  |  | 144,645 |  |  |  | (8,922 | ) |  |  | (37,289 | ) |  |  | 98,434 |
2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product revenues |  | $ | 662,082 |  |  | $ | — |  |  | $ | — |  |  | $ | 662,082 |
Depreciation and amortization |  |  | 28,439 |  |  |  | 323 |  |  |  | 2,487 |  |  |  | 31,249 |
Operating income (loss) |  |  | 91,255 |  |  |  | (5,860 | ) |  |  | (35,011 | ) |  |  | 50,384 |
2012: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product revenues |  | $ | 554,979 |  |  | $ | — |  |  | $ | — |  |  | $ | 554,979 |
Depreciation and amortization |  |  | 29,188 |  |  |  | 247 |  |  |  | 1,192 |  |  |  | 30,627 |
Operating income (loss) |  |  | 71,995 |  |  |  | (5,252 | ) |  |  | (30,087 | ) |  |  | 36,656 |
The Industrial operating loss is net of reimbursement for developmental expense of $8,885, $2,324 and $2,239 for the years ended 2014, 2013 and 2012, respectively. Reconciling items include selling, general and administrative costs of $36,214, $32,597 and $30,087, respectively, for the years ended December 31, 2014, 2013 and 2012 and acquisition costs $1,075 and $2,414 for the years ended December 31, 2014 and 2013, respectively. Revenue (based on shipment destination) by geographic area is as follows:
|  | 2014 |  |  | % |  |  | 2013 |  |  | % |  |  | 2012 |  |  | % |
United States |  | $ | 361,706 |  |  |  | 45 | % |  | $ | 292,079 |  |  |  | 44 | % |  | $ | 233,737 |  |  |  | 42 | %
Germany |  |  | 90,243 |  |  |  | 11 | % |  |  | 84,035 |  |  |  | 13 | % |  |  | 67,132 |  |  |  | 12 | %
Korea |  |  | 89,515 |  |  |  | 11 | % |  |  | 58,329 |  |  |  | 9 | % |  |  | 42,878 |  |  |  | 8 | %
China |  |  | 69,910 |  |  |  | 9 | % |  |  | 70,671 |  |  |  | 11 | % |  |  | 55,674 |  |  |  | 10 | %
Japan |  |  | 47,528 |  |  |  | 6 | % |  |  | 39,844 |  |  |  | 6 | % |  |  | 35,279 |  |  |  | 6 | %
Czech Republic |  |  | 25,738 |  |  |  | 3 | % |  |  | 17,247 |  |  |  | 3 | % |  |  | 15,361 |  |  |  | 3 | %
United Kingdom |  |  | 24,712 |  |  |  | 3 | % |  |  | 18,864 |  |  |  | 3 | % |  |  | 13,194 |  |  |  | 2 | %
Canada |  |  | 20,293 |  |  |  | 2 | % |  |  | 14,254 |  |  |  | 2 | % |  |  | 17,582 |  |  |  | 3 | %
Mexico |  |  | 19,590 |  |  |  | 2 | % |  |  | 15,670 |  |  |  | 2 | % |  |  | 14,988 |  |  |  | 3 | %
Other |  |  | 62,065 |  |  |  | 8 | % |  |  | 51,089 |  |  |  | 7 | % |  |  | 59,154 |  |  |  | 11 | %
Total Non U.S. |  |  | 449,594 |  |  |  | 56 | % |  |  | 370,003 |  |  |  | 56 | % |  |  | 321,242 |  |  |  | 58 | %
|  | $ | 811,300 |  |  |  | 100 | % |  | $ | 662,082 |  |  |  | 100 | % |  | $ | 554,979 |  |  |  | 100 | %
We rely on three customers, two domestic and one foreign, to derive a significant portion of our product revenues. The table below lists the percentage of total product revenues generated from sales to these customers:
|  | 2014 |  |  | 2013 |  |  | 2012 |
Johnson Controls (domestic) |  |  | 24 | % |  |  | 27 | % |  |  | 22 | %
Lear (domestic) |  |  | 21 | % |  |  | 18 | % |  |  | 18 | %
Bosch (foreign) |  |  | 9 | % |  |  | 10 | % |  |  | 10 | %

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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 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 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 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: 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 5: 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 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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