XML 32 R20.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Etratech Acquisition (Tables) - Etratech Inc. | 6 Months Ended
--- | ---
Jun. 30, 2018
Summary of Preliminary Allocation | The purchase price allocation as of November 1, 2017 was as follows:
Accounts receivable |  | $ | 12,654 |
Inventory |  |  | 7,014 |
Prepaid expenses and other assets |  |  | 535 |
Property and equipment |  |  | 6,205 |
Customer relationships |  |  | 24,774 |
Technology |  |  | 8,588 |
Goodwill |  |  | 14,881 |
Assumed liabilities |  |  | (9,642 | )
Net assets acquired |  |  | 65,009 |
Cash acquired |  |  | 670 |
Purchase price |  | $ | 65,679 |
Supplemental Pro Forma Information | The unaudited pro forma combined historical results including the amounts of Etratech revenue and earnings that would have been included in the Company’s consolidated statements of income had the acquisition date been January 1, 2017 is as follows:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2017 |  |  | 2017 |
Product revenues |  | $ | 257,526 |  |  | $ | 519,476 |
Net income |  | $ | 9,072 |  |  | $ | 34,846 |
Basic earnings per share |  | $ | 0.25 |  |  | $ | 0.95 |
Diluted earnings per share |  | $ | 0.25 |  |  | $ | 0.95 |
Schedule of Intangible Assets, Net | Note 3 – Etratech Acquisition – Continued Intangible assets, net consisted of the following (balances are lower as of June 30, 2018 than as of November 1, 2017, the acquisition date, due to fluctuations in foreign currency exchange rates totaling $1,027):
|  | June 30, 2018
|  | Gross Value |  |  | Accumulated Amortization |  |  | Net Value |  |  | Useful Life
Customer relationships |  | $ | 24,006 |  |  | $ | 1,378 |  |  | $ | 22,628 |  |  | 8 -12 yrs
Technology |  |  | 8,329 |  |  |  | 1,084 |  |  |  | 7,245 |  |  | 5 -6 yrs
Total |  | $ | 32,335 |  |  | $ | 2,462 |  |  | $ | 29,873 |  |  |
Summary of Amortization Expense | Amortization expenses of $889 and $1,847 during the three and six months ended June 30, 2018, respectively, were recognized in our consolidated condensed statement of income as follows:
|  | Three Months Ended June 30, 2018 |  |  | Six Months Ended June 30, 2018 |
Product revenues |  | $ | 498 |  |  | $ | 1,034 |
Cost of sales |  |  | 391 |  |  |  | 813 |
Estimate of Total Intangible Asset Amortization | Amortization expense for the prospective five years is expected to be as follows:
July 1, 2018 through December 31, 2018 |  | $ | 1,844 |
2019 |  | $ | 3,688 |
2020 |  | $ | 3,688 |
2021 |  | $ | 3,627 |
2022 |  | $ | 3,208 |
2023 |  | $ | 2,546 |
Summary of Property and Equipment | Property and equipment consist of the following:
Asset category |  | Useful life |  | Amount |
Leasehold improvements |  | 10 yrs |  | $ | 342 |
Machinery and equipment |  | 4-11 yrs |  |  | 5,248 |
Furniture and fittings |  | 4 yrs |  |  | 230 |
Motor vehicles |  | 3 yrs |  |  | 25 |
Computer hardware and software |  | 1 yrs |  |  | 360 |
|  |  |  | $ | 6,205 |

X
- Definition Schedule of adjustment for amortization. + References No definition available. + Details
Name: | thrm_ScheduleOfAdjustmentForAmortizationTableTextBlock
Namespace Prefix: | thrm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of intangible assets acquired as part of business combination. + References No definition available. + Details
Name: | thrm_ScheduleOfIntangibleAssetsAcquiredAsPartOfBusinessCombinationTableTextBlock
Namespace Prefix: | thrm_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
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=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=thrm_EtratechIncMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |