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Segment Reporting | 6 Months Ended
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Jun. 30, 2016
Segment Reporting [Abstract] |
Segment Reporting | Note 5 – Segment Reporting Segment information is used by management for making strategic operating decisions for the Company. As discussed in Note 3, Gentherm acquired CSZ on April 1, 2016. The acquisition enhances key elements of our business strategy by expanding the breadth of products derived from core thermal technologies and the markets in which they are applied, such as medical equipment and environmental chamber testing. Management evaluates the performance of the Company’s segments based primarily on operating income or loss. The Company’s reportable segments are as follows:
| ● | 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.
| · | Industrial – the combined operating results of Gentherm Global Power Technologies (“GPT”), CSZ 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.
| ● | Reconciling Items – include corporate selling, general and administrative costs and acquisition transaction costs.
The tables below present segment information about the reported product revenues, depreciation and amortization and operating income (loss) of the Company for three and six month periods ended June 30, 2016 and 2015. 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 June 30, 2016, goodwill assigned to our Automotive and Industrial segments were $22,119 and $28,890, respectively. As of June 30, 2015, goodwill assigned to our Automotive and Industrial segments were $22,167 and $6,305, respectively.
Three Months Ended June 30, |  | Automotive |  |  | Industrial |  |  | Reconciling Items |  |  | Consolidated Total |
2016: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product revenues |  | $ | 211,640 |  |  | $ | 21,080 |  |  | $ | — |  |  | $ | 232,720 |
Depreciation and amortization |  |  | 7,652 |  |  |  | 1,199 |  |  |  | 532 |  |  |  | 9,383 |
Operating income (loss) |  |  | 36,162 |  |  |  | (7,113 | ) |  |  | (6,696 | ) |  |  | 22,353 |
2015: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product revenues |  | $ | 200,954 |  |  | $ | 12,487 |  |  | $ | — |  |  | $ | 213,441 |
Depreciation and amortization |  |  | 6,885 |  |  |  | 404 |  |  |  | 575 |  |  |  | 7,864 |
Operating income (loss) |  |  | 42,070 |  |  |  | (1,987 | ) |  |  | (13,413 | ) |  |  | 26,670 |
Six Months Ended June 30, |  | Automotive |  |  | Industrial |  |  | Reconciling Items |  |  | Consolidated Total |
2016: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product revenues |  |  | 422,076 |  |  |  | 26,358 |  |  |  | — |  |  |  | 448,434 |
Depreciation and amortization |  |  | 14,935 |  |  |  | 1,589 |  |  |  | 1,023 |  |  |  | 17,547 |
Operating income (loss) |  |  | 78,863 |  |  |  | (9,729 | ) |  |  | (16,896 | ) |  |  | 52,238 |
2015: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product revenues |  | $ | 400,397 |  |  | $ | 19,953 |  |  | $ | — |  |  | $ | 420,350 |
Depreciation and amortization |  |  | 13,201 |  |  |  | 893 |  |  |  | 1,229 |  |  |  | 15,323 |
Operating income (loss) |  |  | 82,752 |  |  |  | (3,274 | ) |  |  | (25,731 | ) |  |  | 53,747 |
Note 5 – Segment Reporting – Continued Total product revenues information by geographic area is as follows:
| Three Months Ended June 30, |
| 2016 |  |  | 2015 |
United States | $ | 113,138 |  |  |  | 49 | % |  | $ | 98,767 |  |  |  | 46 | %
South Korea |  | 21,053 |  |  |  | 9 | % |  |  | 21,213 |  |  |  | 10 | %
China |  | 18,988 |  |  |  | 8 | % |  |  | 16,390 |  |  |  | 8 | %
Germany |  | 18,424 |  |  |  | 8 | % |  |  | 18,799 |  |  |  | 9 | %
Czech Republic |  | 10,290 |  |  |  | 4 | % |  |  | 7,076 |  |  |  | 3 | %
Canada |  | 10,091 |  |  |  | 4 | % |  |  | 6,090 |  |  |  | 3 | %
Japan |  | 9,779 |  |  |  | 4 | % |  |  | 11,332 |  |  |  | 5 | %
United Kingdom |  | 7,071 |  |  |  | 3 | % |  |  | 6,638 |  |  |  | 3 | %
Mexico |  | 5,980 |  |  |  | 3 | % |  |  | 5,326 |  |  |  | 3 | %
Other |  | 17,906 |  |  |  | 8 | % |  |  | 21,810 |  |  |  | 10 | %
Total Non U.S. |  | 119,582 |  |  |  | 51 | % |  |  | 114,674 |  |  |  | 54 | %
| $ | 232,720 |  |  |  | 100 | % |  | $ | 213,441 |  |  |  | 100 | %
| Six Months Ended June 30, |
| 2016 |  |  | 2015 |
United States | $ | 214,878 |  |  |  | 48 | % |  | $ | 194,071 |  |  |  | 46 | %
South Korea |  | 40,149 |  |  |  | 9 | % |  |  | 44,076 |  |  |  | 10 | %
Germany |  | 36,591 |  |  |  | 8 | % |  |  | 37,639 |  |  |  | 9 | %
China |  | 36,410 |  |  |  | 8 | % |  |  | 34,360 |  |  |  | 8 | %
Japan |  | 22,013 |  |  |  | 5 | % |  |  | 22,517 |  |  |  | 5 | %
Czech Republic |  | 19,961 |  |  |  | 4 | % |  |  | 13,235 |  |  |  | 3 | %
Canada |  | 19,073 |  |  |  | 4 | % |  |  | 11,575 |  |  |  | 3 | %
United Kingdom |  | 13,738 |  |  |  | 3 | % |  |  | 13,626 |  |  |  | 3 | %
Mexico |  | 11,561 |  |  |  | 3 | % |  |  | 10,759 |  |  |  | 3 | %
Other |  | 34,060 |  |  |  | 8 | % |  |  | 38,492 |  |  |  | 10 | %
Total Non U.S. |  | 233,556 |  |  |  | 52 | % |  |  | 226,279 |  |  |  | 54 | %
| $ | 448,434 |  |  |  | 100 | % |  | $ | 420,350 |  |  |  | 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 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: 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=68060357&loc=d3e9038-108599 Reference 3: 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=68060357&loc=d3e8971-108599 Reference 4: 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=68060357&loc=d3e8595-108599 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=68060357&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 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: 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=68060357&loc=d3e8844-108599 Reference 8: 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=68060357&loc=d3e8984-108599 Reference 9: 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=68060357&loc=d3e9031-108599 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=68060357&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 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: 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=68060357&loc=d3e8864-108599 Reference 13: 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=68060357&loc=d3e8924-108599 Reference 14: 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=68060357&loc=d3e8906-108599 + Details
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