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Segment Reporting | 9 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Segment Reporting | Note 6 – Segment Reporting Segment information is used by management for making strategic 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 patient temperature management systems business (“Medical”), 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 – includes 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 nine months ended September 30, 2020 and 2019.
Three Months Ended September 30, |  | Automotive |  |  | Industrial |  |  | Reconciling Items |  |  | Consolidated Total |
2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product revenues |  | $ | 249,764 |  |  | $ | 9,776 |  |  | $ | — |  |  | $ | 259,540 |
Depreciation and amortization |  |  | 9,412 |  |  |  | 484 |  |  |  | 393 |  |  |  | 10,289 |
Operating income (loss) |  |  | 50,011 |  |  |  | (1,262 | ) |  |  | (10,243 | ) |  |  | 38,506 |
2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product revenues |  | $ | 228,243 |  |  | $ | 11,813 |  |  | $ | — |  |  | $ | 240,056 |
Depreciation and amortization |  |  | 10,170 |  |  |  | 480 |  |  |  | 414 |  |  |  | 11,064 |
Operating income (loss) |  |  | 36,629 |  |  |  | (3,496 | ) |  |  | (12,804 | ) |  |  | 20,329 |
Nine Months Ended September 30, |  | Automotive |  |  | Industrial |  |  | Reconciling Items |  |  | Consolidated Total |
2020: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product revenues |  | $ | 590,622 |  |  | $ | 33,592 |  |  | $ | — |  |  | $ | 624,214 |
Depreciation and amortization |  |  | 28,233 |  |  |  | 1,465 |  |  |  | 1,079 |  |  |  | 30,777 |
Operating income (loss) |  |  | 82,623 |  |  |  | (1,680 | ) |  |  | (33,633 | ) |  |  | 47,310 |
2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product revenues |  | $ | 700,300 |  |  | $ | 41,003 |  |  | $ | — |  |  | $ | 741,303 |
Depreciation and amortization |  |  | 30,660 |  |  |  | 1,319 |  |  |  | 1,302 |  |  |  | 33,281 |
Operating income (loss) |  |  | 114,456 |  |  |  | (12,131 | ) |  |  | (40,094 | ) |  |  | 62,231 |
Automotive and Industrial segment product revenues by product category for the three and nine months ended September 30, 2020 and 2019 were as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Climate Control Seats (CCS) |  | $ | 97,058 |  |  | $ | 88,133 |  |  | $ | 229,465 |  |  | $ | 270,924 |
Seat Heaters |  |  | 73,471 |  |  |  | 71,030 |  |  |  | 171,345 |  |  |  | 218,578 |
Steering Wheel Heaters |  |  | 22,506 |  |  |  | 16,621 |  |  |  | 49,721 |  |  |  | 49,620 |
Automotive Cables |  |  | 18,917 |  |  |  | 20,361 |  |  |  | 50,890 |  |  |  | 66,316 |
Battery Thermal Management (BTM) |  |  | 15,956 |  |  |  | 11,890 |  |  |  | 33,818 |  |  |  | 31,531 |
Electronics |  |  | 14,463 |  |  |  | 11,729 |  |  |  | 38,327 |  |  |  | 36,035 |
Other Automotive |  |  | 7,393 |  |  |  | 8,479 |  |  |  | 17,056 |  |  |  | 27,296 |
Subtotal Automotive |  |  | 249,764 |  |  |  | 228,243 |  |  |  | 590,622 |  |  |  | 700,300 |
Medical |  |  | 9,776 |  |  |  | 8,336 |  |  |  | 33,592 |  |  |  | 26,404 |
GPT |  |  | — |  |  |  | 3,477 |  |  |  | — |  |  |  | 11,181 |
CSZ-IC |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,418 |
Subtotal Industrial |  |  | 9,776 |  |  |  | 11,813 |  |  |  | 33,592 |  |  |  | 41,003 |
Total Company |  | $ | 259,540 |  |  | $ | 240,056 |  |  | $ | 624,214 |  |  | $ | 741,303 |
Total product revenues information by geographic area is as follows (based on shipment destination):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
United States |  | $ | 111,189 |  |  | $ | 111,570 |  |  | $ | 264,204 |  |  | $ | 340,656 |
China |  |  | 27,363 |  |  |  | 17,591 |  |  |  | 63,883 |  |  |  | 49,598 |
South Korea |  |  | 23,260 |  |  |  | 14,543 |  |  |  | 60,062 |  |  |  | 45,098 |
Japan |  |  | 15,280 |  |  |  | 20,508 |  |  |  | 40,766 |  |  |  | 59,102 |
Germany |  |  | 14,553 |  |  |  | 20,379 |  |  |  | 41,144 |  |  |  | 63,889 |
Romania |  |  | 9,957 |  |  |  | 6,556 |  |  |  | 20,576 |  |  |  | 19,487 |
Czech Republic |  |  | 9,414 |  |  |  | 8,805 |  |  |  | 25,007 |  |  |  | 30,956 |
Canada |  |  | 8,079 |  |  |  | 8,833 |  |  |  | 19,430 |  |  |  | 29,226 |
United Kingdom |  |  | 5,737 |  |  |  | 8,315 |  |  |  | 14,106 |  |  |  | 23,980 |
Other |  |  | 34,708 |  |  |  | 22,956 |  |  |  | 75,036 |  |  |  | 79,311 |
Total Non-U.S. |  | $ | 148,351 |  |  | $ | 128,486 |  |  | $ | 360,010 |  |  | $ | 400,647 |
Total Company |  | $ | 259,540 |  |  | $ | 240,056 |  |  | $ | 624,214 |  |  | $ | 741,303 |

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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