XML 26 R12.htm IDEA: XBRL DOCUMENT
v3.21.2

Goodwill and Other Intangibles | 6 Months Ended
--- | ---
Jun. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangibles | Note 5 – Goodwill and Other Intangibles Goodwill Changes in the carrying amount of goodwill, by reportable segment, for the six months ended June 30, 2021 was as follows:
|  | Automotive |  |  | Medical |  |  | Total |
'Balance as of December 31, 2020 |  | $ | 39,495 |  |  | $ | 28,529 |  |  | $ | 68,024 |
Exchange rate impact |  |  | (973 | ) |  |  | (341 | ) |  |  | (1,314 | )
Balance as of June 30, 2021 |  | $ | 38,522 |  |  | $ | 28,188 |  |  | $ | 66,710 |
Other Intangible Assets Other intangible assets and accumulated amortization balances as of June 30, 2021 and December 31, 2020 were as follows:
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |
Definite-lived: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 94,501 |  |  | $ | (64,151 | ) |  | $ | 30,350 |
Technology |  |  | 29,677 |  |  |  | (24,400 | ) |  |  | 5,277 |
Product development costs |  |  | 21,359 |  |  |  | (20,647 | ) |  |  | 712 |
Indefinite-lived: |  |  |  |  |  |  |  |  |  |  |  |
Tradenames |  |  | 4,670 |  |  |  | — |  |  |  | 4,670 |
Balance as of June 30, 2021 |  | $ | 150,207 |  |  | $ | (109,198 | ) |  | $ | 41,009 |
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Value |
Definite-lived: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 97,815 |  |  | $ | (63,432 | ) |  | $ | 34,383 |
Technology |  |  | 30,615 |  |  |  | (24,075 | ) |  |  | 6,540 |
Product development costs |  |  | 22,164 |  |  |  | (21,336 | ) |  |  | 828 |
Indefinite-lived: |  |  |  |  |  |  |  |  |  |  |  |
Tradenames |  |  | 4,670 |  |  |  | — |  |  |  | 4,670 |
Balance as of December 31, 2020 |  | $ | 155,264 |  |  | $ | (108,843 | ) |  | $ | 46,421 |
On February 28, 2020, Gentherm acquired the automotive patents and technology of a development-stage technology company for $3,141. The investment was accounted for as an asset acquisition of defensive intangible assets and will be amortized over six years. In addition to annual impairment testing, which is performed in the fourth quarter of each fiscal year, the Company continuously monitors for events and circumstances that could negatively impact the key assumptions used in determining fair value and therefore require interim impairment testing, including long-term revenue growth projections, profitability, discount rates, recent market valuations from transactions by comparable companies, volatility in the Company's market capitalization, and general industry, market and macroeconomic conditions. We are not presently aware of any events or circumstances that would require us to revise the carrying value of our assets or liabilities as of June 30, 2021.

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

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration