XML 52 R40.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Financial Instruments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Information Related to Recurring Fair Value Measurement of Derivative Financial Instruments in the Consolidated Balance Sheet | Information related to the recurring fair value measurement of derivative financial instruments in the consolidated balance sheet as of December 31, 2023 is as follows:
|  |  |  |  |  |  | Asset Derivatives |  |  | Liability Derivatives |  |  |  |
|  | Fair Value Hierarchy |  | Notional Amount |  |  | Balance Sheet Location |  | Fair Value |  |  | Balance Sheet Location |  | Fair Value |  |  | Net Asset/ (Liabilities) |
Derivatives Designated as Cash Flow Hedges |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency derivatives |  | Level 2 |  | $ | 101,109 |  |  | Other current assets |  | $ | 8,655 |  |  | Other current liabilities |  | $ | — |  |  | $ | 8,655 |
Derivatives Not Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | Level 2 |  | $ | 100,000 |  |  | Other current assets |  | $ | 2,062 |  |  | Other current liabilities |  | $ | — |  |  | $ | 2,062 |
Information related to the recurring fair value measurement of derivative financial instruments in the consolidated balance sheet as of December 31, 2022 is as follows:
|  |  |  |  |  |  | Asset Derivatives |  |  | Liability Derivatives |  |  |  |
|  | Fair Value Hierarchy |  | Notional Amount |  |  | Balance Sheet Location |  | Fair Value |  |  | Balance Sheet Location |  | Fair Value |  |  | Net Asset/ (Liabilities) |
Derivatives Designated as Cash Flow Hedges |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency derivatives |  | Level 2 |  | $ | 40,063 |  |  | Other current assets |  | $ | 3,791 |  |  | Other current liabilities |  | $ | — |  |  | $ | 3,791 |
Derivatives Not Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  | Level 2 |  | $ | 100,000 |  |  | Other current assets |  | $ | 2,772 |  |  | Other current liabilities |  | $ | — |  |  | $ | 2,772 |
Information Related to Effect of Derivative Instruments in the Consolidated Statements of Income | Information related to the effect of derivative instruments in the consolidated statements of income is as follows:
|  |  |  | Year Ended December 31, |
|  | Location |  | 2023 |  |  | 2022 |  |  | 2021 |
Derivatives Designated as Cash Flow Hedges |  |  |  |  |  |  |  |  |  |  |
Foreign currency derivatives |  | Cost of sales – income |  | $ | 8,630 |  |  | $ | 1,458 |  |  | $ | 1,609 |
|  | Other comprehensive (loss) income |  |  | 3,483 |  |  |  | 3,496 |  |  |  | (1,217 | )
Total foreign currency derivatives |  |  |  | $ | 12,113 |  |  | $ | 4,954 |  |  | $ | 392 |
Commodity derivatives |  | Cost of sales – income |  | $ | — |  |  | $ | 19 |  |  | $ | 14 |
|  | Other comprehensive (loss) income |  |  | — |  |  |  | (6 | ) |  |  | 6 |
Total commodity derivatives |  |  |  | $ | — |  |  | $ | 13 |  |  | $ | 20 |
Derivatives Not Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |  |
Foreign currency derivatives |  | Foreign currency (loss) gain |  | $ | — |  |  | $ | (3,806 | ) |  | $ | — |
Total foreign currency derivatives |  |  |  | $ | — |  |  | $ | (3,806 | ) |  | $ | — |
Interest rate contracts |  | Interest income (expense), net |  | $ | (710 | ) |  | $ | 2,772 |  |  | $ | — |
Total interest rate derivatives |  |  |  | $ | (710 | ) |  | $ | 2,772 |  |  | $ | — |
Summary of Receivables Factored and Availability Under Receivables Factoring Agreements | Receivables factored and availability under receivables factoring agreements balances as of December 31, 2023 and 2022 were as follows:
|  | December 31, |
|  | 2023 |  |  | 2022 |
Receivables factored and outstanding |  | $ | 18,532 |  |  | $ | 19,108 |
Amount available under the credit limit |  |  | 5,891 |  |  |  | 5,034 |
Collective factoring limit |  | $ | 24,423 |  |  | $ | 24,142 |
Summary of Trade Receivables Sold and Factoring Fees Incurred | Trade receivables sold and factoring fees incurred during the years ended December 31, 2023 and 2022 were as follows:
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022(a) |
Trade receivables sold |  | $ | 135,116 |  |  | $ | 61,482 |
Factoring fees incurred |  |  | 800 |  |  |  | 180 |
(a) Represents trade receivables sold and factoring fees incurred since the acquisition of Alfmeier (acquired on August 1, 2022).

X
- Definition Summary of receivables factored and availability under receivables factoring agreements. + References No definition available. + Details
Name: | thrm_SummaryOfReceivablesFactoredAndAvailabilityUnderReceivablesFactoringAgreementsTableTextBlock
Namespace Prefix: | thrm_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary of trade receivables sold and factoring fees incurred. + References No definition available. + Details
Name: | thrm_SummaryOfTradeReceivablesSoldAndFactoringFeesIncurredTableTextBlock
Namespace Prefix: | thrm_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A + Details
Name: | us-gaap_ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration