XML 63 R47.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Segment Reporting (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Segment Reporting [Abstract] |
Segment Information about Reported Product Revenues,Depreciation and Amortization and Operating Income (Loss) | The table below presents segment information about the reported product revenues, operating income (loss), and significant segment expenses of the Company for the years ended December 31, 2024, 2023 and 2022:
|  | Year Ended December 31, |
Product Revenues |  | 2024 |  |  | 2023 |  |  | 2022 |
Automotive |  | $ | 1,406,278 |  |  | $ | 1,422,952 |  |  | $ | 1,161,616 |
Medical |  |  | 49,846 |  |  |  | 46,124 |  |  |  | 43,040 |
Total |  |  | 1,456,124 |  |  |  | 1,469,076 |  |  |  | 1,204,656 |
Significant Segment Expenses and Operating Performance |  |  |  |  |  |  |  |  |
Automotive |  |  |  |  |  |  |  |  |
Cost of sales |  |  | 1,058,989 |  |  |  | 1,090,941 |  |  |  | 898,260 |
Net research and development expenses |  |  | 68,787 |  |  |  | 70,778 |  |  |  | 75,137 |
Selling, general and administrative expenses |  |  | 65,924 |  |  |  | 72,090 |  |  |  | 62,858 |
Restructuring expenses, net |  |  | 12,238 |  |  |  | 3,187 |  |  |  | 637 |
Impairment of intangible assets and property and equipment |  |  | — |  |  |  | — |  |  |  | 6,291 |
Automotive operating income |  |  | 200,340 |  |  |  | 185,956 |  |  |  | 118,433 |
Medical |  |  |  |  |  |  |  |  |
Cost of sales |  |  | 25,868 |  |  |  | 24,619 |  |  |  | 24,938 |
Other operating expenses |  |  | 21,836 |  |  |  | 24,230 |  |  |  | 22,131 |
Impairment of intangible assets and property and equipment |  |  | 2,501 |  |  |  | 19,509 |  |  |  | — |
Medical operating loss |  |  | (359 | ) |  |  | (22,234 | ) |  |  | (4,029 | )
Corporate and Other Unallocated Expenses |  |  |  |  |  |  |  |  |
Corporate and other unallocated expenses |  |  | (92,966 | ) |  |  | (86,283 | ) |  |  | (66,097 | )
Total consolidated operating income |  | $ | 107,015 |  |  | $ | 77,439 |  |  | $ | 48,307 |
Other Segment Disclosures |  |  |  |  |  |  |  |  |
Depreciation and Amortization |  |  |  |  |  |  |  |  |
Automotive |  | $ | 47,752 |  |  | $ | 45,845 |  |  | $ | 39,815 |
Medical |  |  | 3,542 |  |  |  | 3,654 |  |  |  | 3,344 |
Corporate and other unallocated expenses |  |  | 1,681 |  |  |  | 1,449 |  |  |  | 1,235 |
Total |  | $ | 52,975 |  |  | $ | 50,948 |  |  | $ | 44,394 |
Segment Information About Reported Segment Product Revenues by Product Category | Automotive and Medical segment product revenues by product category for each of the years ended December 31, 2024, 2023 and 2022 are as follows:
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Climate Control Seat |  | $ | 468,820 |  |  | $ | 482,665 |  |  | $ | 426,046 |
Seat Heaters |  |  | 297,866 |  |  |  | 308,588 |  |  |  | 283,970 |
Lumbar and Massage Comfort Solutions (a) |  |  | 178,584 |  |  |  | 144,923 |  |  |  | 56,980 |
Steering Wheel Heaters |  |  | 169,763 |  |  |  | 153,943 |  |  |  | 120,949 |
Valve Systems (a) |  |  | 105,056 |  |  |  | 106,262 |  |  |  | 41,980 |
Automotive Cables |  |  | 73,091 |  |  |  | 79,993 |  |  |  | 76,962 |
Battery Performance Solutions |  |  | 58,183 |  |  |  | 75,484 |  |  |  | 71,907 |
Electronics |  |  | 33,065 |  |  |  | 40,387 |  |  |  | 44,106 |
Other Automotive |  |  | 21,850 |  |  |  | 30,707 |  |  |  | 38,716 |
Subtotal Automotive segment |  |  | 1,406,278 |  |  |  | 1,422,952 |  |  |  | 1,161,616 |
Medical segment (a) |  |  | 49,846 |  |  |  | 46,124 |  |  |  | 43,040 |
Total Company |  | $ | 1,456,124 |  |  | $ | 1,469,076 |  |  | $ | 1,204,656 |
(a) Includes product revenues from acquisitions since their respective acquisition dates (see Note 4).
Product Revenues Information by Geographic Area | Revenue (based on shipment destination) by geographic area for each of the years ended December 31, 2024, 2023 and 2022 is as follows:
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
United States |  | $ | 504,444 |  |  | $ | 537,096 |  |  | $ | 472,468 |
China |  |  | 224,221 |  |  |  | 221,512 |  |  |  | 183,419 |
Germany |  |  | 105,927 |  |  |  | 102,383 |  |  |  | 75,367 |
South Korea |  |  | 104,120 |  |  |  | 115,854 |  |  |  | 94,937 |
Czech Republic |  |  | 78,785 |  |  |  | 69,714 |  |  |  | 49,293 |
Slovakia |  |  | 55,085 |  |  |  | 44,946 |  |  |  | 34,686 |
Japan |  |  | 53,730 |  |  |  | 60,879 |  |  |  | 57,718 |
Romania |  |  | 52,616 |  |  |  | 53,982 |  |  |  | 47,532 |
Mexico |  |  | 43,327 |  |  |  | 45,733 |  |  |  | 23,233 |
United Kingdom |  |  | 41,098 |  |  |  | 34,765 |  |  |  | 22,380 |
Other |  |  | 192,771 |  |  |  | 182,212 |  |  |  | 143,623 |
Total Non-U.S. |  |  | 951,680 |  |  |  | 931,980 |  |  |  | 732,188 |
Total Company |  | $ | 1,456,124 |  |  | $ | 1,469,076 |  |  | $ | 1,204,656 |
Schedule of Property and Equipment, Net by Geographic Area | Property and equipment, net, for each of the geographic areas in which the Company operates as of December 31, 2024 and 2023 is as follows:
|  | December 31, |
Property and equipment, net |  | 2024 |  |  | 2023 |
Mexico |  | $ | 47,814 |  |  | $ | 39,943 |
China |  |  | 44,767 |  |  |  | 45,429 |
United States |  |  | 42,928 |  |  |  | 37,413 |
Germany |  |  | 42,457 |  |  |  | 46,586 |
North Macedonia |  |  | 25,374 |  |  |  | 27,675 |
Vietnam |  |  | 20,920 |  |  |  | 21,664 |
Czech Republic |  |  | 9,440 |  |  |  | 11,126 |
Hungary |  |  | 7,994 |  |  |  | 9,097 |
Ukraine |  |  | 5,174 |  |  |  | 5,986 |
Other |  |  | 6,102 |  |  |  | 315 |
Total |  | $ | 252,970 |  |  | $ | 245,234 |

X
- Definition Schedule of segment reporting information, segment product revenues by product category. + References No definition available. + Details
Name: | thrm_ScheduleOfSegmentReportingInformationSegmentProductRevenuesByProductCategoryTableTextBlock
Namespace Prefix: | thrm_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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