XML 41 R14.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Segment Reporting | 12 Months Ended
--- | ---
Dec. 31, 2019
Segment Reporting [Abstract] |
Segment Reporting | Note 7 — 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. The Company’s reportable segments are as follows:
| • | Automotive — this segment represents the design, development, manufacturing and sales of automotive climate comfort systems, specialized automotive cable systems, battery thermal management, and automotive electronic systems.
| • | Industrial — this segment represents the combined results from our Medical business, GPT (through October 1, 2019), CSZ-IC (through February 1, 2019) and Gentherm’s advanced research and development division. The operating results from these businesses and division are presented together as one reporting segment because of their historical joint concentration on identifying new markets and product applications based on thermal management technologies.
| • | Reconciling Items — include corporate selling, general and administrative costs and acquisition transaction costs.
The tables below present segment information about the reported product revenues and operating income of the Company for years ended December 31, 2019, 2018 and 2017. With the exception of goodwill, asset information by segment is not reported since the Company does not manage assets at a segment level.
|  | Automotive |  |  | Industrial |  |  | Reconciling Items |  |  | Consolidated Total |
2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product revenues |  | $ | 920,225 |  |  | $ | 51,459 |  |  | $ | — |  |  | $ | 971,684 |
Depreciation and amortization |  |  | 40,765 |  |  |  | 1,779 |  |  |  | 1,702 |  |  |  | 44,246 |
Operating income (loss) |  |  | 149,514 |  |  |  | (14,043 | ) |  |  | (51,211 | ) |  |  | 84,260 |
2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product revenues |  | $ | 957,824 |  |  | $ | 90,681 |  |  | $ | — |  |  | $ | 1,048,505 |
Depreciation and amortization |  |  | 43,621 |  |  |  | 4,384 |  |  |  | 2,633 |  |  |  | 50,638 |
Operating income (loss) |  |  | 152,051 |  |  |  | (22,530 | ) |  |  | (56,733 | ) |  |  | 72,788 |
2017: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product revenues |  | $ | 886,600 |  |  | $ | 107,391 |  |  | $ | — |  |  | $ | 993,991 |
Depreciation and amortization |  |  | 36,801 |  |  |  | 5,399 |  |  |  | 2,772 |  |  |  | 44,972 |
Operating income (loss) |  |  | 166,378 |  |  |  | (14,751 | ) |  |  | (54,529 | ) |  |  | 97,098 |
Automotive and Industrial segment product revenues by product category for each of the years ended December 31, 2019, 2018 and 2017 are as follows:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Climate Control Seat (CCS) |  | $ | 359,355 |  |  | $ | 373,945 |  |  | $ | 387,961 |
Seat Heaters |  |  | 284,174 |  |  |  | 305,337 |  |  |  | 307,308 |
Automotive Cables |  |  | 88,031 |  |  |  | 98,931 |  |  |  | 92,092 |
Steering Wheel Heaters |  |  | 65,426 |  |  |  | 69,845 |  |  |  | 62,125 |
Electronics |  |  | 47,542 |  |  |  | 56,783 |  |  |  | 8,816 |
Battery Thermal Management (BTM) |  |  | 41,498 |  |  |  | 28,472 |  |  |  | 10,046 |
Other Automotive |  |  | 34,199 |  |  |  | 24,511 |  |  |  | 18,252 |
Subtotal Automotive |  |  | 920,225 |  |  |  | 957,824 |  |  |  | 886,600 |
Medical |  |  | 36,860 |  |  |  | 30,108 |  |  |  | 30,375 |
GPT |  |  | 11,181 |  |  |  | 19,520 |  |  |  | 32,282 |
CSZ-IC |  |  | 3,418 |  |  |  | 41,053 |  |  |  | 44,734 |
Subtotal Industrial |  |  | 51,459 |  |  |  | 90,681 |  |  |  | 107,391 |
Total Company |  | $ | 971,684 |  |  | $ | 1,048,505 |  |  | $ | 993,991 |
Revenue (based on shipment destination) by geographic area for each of the years ended December 31, 2019, 2018 and 2017 is as follows:
|  | 2019 |  |  | 2018 |  |  | 2017 |
United States |  | $ | 440,316 |  |  | $ | 488,926 |  |  | $ | 454,669 |
Germany |  |  | 81,315 |  |  |  | 88,366 |  |  |  | 71,768 |
Japan |  |  | 76,197 |  |  |  | 62,633 |  |  |  | 57,467 |
China |  |  | 71,461 |  |  |  | 93,628 |  |  |  | 93,645 |
South Korea |  |  | 63,339 |  |  |  | 58,717 |  |  |  | 64,715 |
Czech Republic |  |  | 38,888 |  |  |  | 42,665 |  |  |  | 38,828 |
Canada |  |  | 37,804 |  |  |  | 44,500 |  |  |  | 46,368 |
United Kingdom |  |  | 31,357 |  |  |  | 37,533 |  |  |  | 36,033 |
Romania |  |  | 26,213 |  |  |  | 22,435 |  |  |  | 18,050 |
Other |  |  | 104,794 |  |  |  | 109,102 |  |  |  | 112,448 |
Total Non-U.S. |  |  | 531,368 |  |  |  | 559,579 |  |  |  | 539,322 |
Total Company |  | $ | 971,684 |  |  | $ | 1,048,505 |  |  | $ | 993,991 |
The table below lists the percentage of total product revenues generated from sales to customers which contributed 10% or more to the Company’s total consolidated product revenue:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Lear |  |  | 16 | % |  |  | 17 | % |  |  | 20 | %
Adient |  |  | 15 | % |  |  | 16 | % |  |  | 18 | %
Property and equipment, net, for each of the geographic areas in which the Company operates is as follows:
|  | December 31, |
|  | 2019 |  |  | 2018 |
Property and equipment, net |  |  |  |  |  |  |  |
Macedonia |  | $ | 38,989 |  |  | $ | 39,664 |
China |  |  | 23,721 |  |  |  | 26,108 |
Vietnam |  |  | 21,452 |  |  |  | 20,768 |
United States |  |  | 21,280 |  |  |  | 24,122 |
Mexico |  |  | 19,982 |  |  |  | 26,119 |
Ukraine |  |  | 11,727 |  |  |  | 10,670 |
Germany |  |  | 10,515 |  |  |  | 9,874 |
Hungary |  |  | 6,803 |  |  |  | 7,546 |
Other |  |  | 6,136 |  |  |  | 6,509 |
Total |  | $ | 160,605 |  |  | $ | 171,380 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration