Segment Reporting

6 Months Ended

Jun. 30, 2012

Segment Reporting [Abstract]

Segment Reporting

Note 4 – Segment Reporting

Segment information is used by management for making operating decisions and assessing the performance of the Company. Management evaluates the performance of its segments based primarily on operating income.

The Company’s reportable segments are as follows:

• Climate Control Seats (CCS) – variable temperature seat climate control system designed to improve the temperature comfort of automobile passengers. This segment also includes the heated and cooled cup holder and heated and cooled mattress divisions.

• Advanced Technology – a division engaged in a research and development effort to improve the efficiency of thermoelectric devices and to develop, market and distribute products based on this new technology.

• W.E.T. Automotive AG (W.E.T.) –W.E.T. is being evaluated currently as an individual segment until such time as Gentherm is able to fully evaluate and implement its future integration plans and strategy.

The tables below present segment information about the reported product revenues and operating income of the Company for the three months and six month periods ended June 30, 2012 and 2011. With the exception of goodwill, asset information by segment is not reported since the Company does not manage assets at a segment level at this time. Goodwill as of June 30, 2012 and 2011 pertained entirely to our W.E.T. segment.

Three Months Ended June 30,	CCS		Advanced Technology			W.E.T.		Reconciling Items			Consolidated Total
2012:
Product revenues	$	33,153	$	—		$	103,000	$	—		$	136,153
Depreciation and amortization		317		133			7,115		261			7,826
Operating income (loss)		8,756		(1,572	)		6,703		(5,025	)		8,862
2011:
Product revenues	$	31,696	$	264		$	45,177	$	—		$	77,137
Depreciation and amortization		233		142			5,060		269			5,704
Operating income (loss)		7,851		(1,453	)		2,160		(4,534	)		4,024

The Advanced Technology operating loss for the three months ended June 30, 2012 and 2011 is net of $665 and $154, respectively, of reimbursed research and development costs. Reconciling items include historical Gentherm’s corporate selling, general and administrative costs and, for June 30, 2011 only, acquisition transaction costs.

Six Months Ended June 30,	CCS		Advanced Technology			W.E.T.		Reconciling Items			Consolidated Total
2012:
Product revenues	$	62,151	$	—		$	203,528	$	—		$	265,679
Depreciation and amortization		608		266			14,005		523			15,402
Operating income (loss)		15,738		(3,130	)		14,025		(9,054	)		17,579
2011:
Product revenues	$	67,247	$	509		$	45,177	$	—		$	112,933
Depreciation and amortization		469		285			5,060		280			6,094
Operating income (loss)		17,410		(3,025	)		2,160		(11,652	)		4,893

The Advanced Technology operating loss for the six months ended June 30, 2012 and 2011 is net of $1,107 and $346, respectively, of reimbursed research and development costs. Reconciling items include historical Gentherm’s corporate selling, general and administrative costs and, for June 30, 2011 only, acquisition transaction costs.

Total revenues information by geographic area:

	Three Months Ended June 30,
	2012				2011
United States	$	57,510	42	%	$	23,899	31	%
Germany		15,770	12	%		8,372	11	%
China		14,561	11	%		6,010	8	%
South Korea		12,975	10	%		10,268	13	%
Japan		7,259	5	%		3,325	4	%
Canada		4,428	3	%		2,896	4	%
Mexico		4,249	3	%		7,024	9	%
Czech Republic		4,103	3	%		2,739	3	%
United Kingdom		2,865	2	%		2,418	3	%
Other		12,433	9	%		10,186	14	%
Total product revenues	$	136,153	100	%	$	77,137	100	%

	Six Months Ended June 30,
	2012				2011
United States	$	113,221	43	%	$	35,567	31	%
Germany		33,711	13	%		8,603	8	%
China		25,737	10	%		6,126	5	%
South Korea		20,919	8	%		19,322	17	%
Japan		13,298	5	%		9,077	8	%
Czech Republic		8,695	3	%		2,739	2	%
Mexico		8,685	3	%		12,998	12	%
Canada		8,584	3	%		4,195	4	%
United Kingdom		6,548	2	%		4,120	4	%
Other		26,281	10	%		10,186	9	%
Total product revenues	$	265,679	100	%	$	112,933	100	%