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Consolidated Condensed Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Product revenues $ 160,520 $ 136,153 $ 308,610 $ 265,679
Cost of sales 120,368 101,885 229,407 198,907
Gross margin 40,152 34,268 79,203 66,772
Operating expenses:        
Net research and development expenses 12,403 10,228 24,244 20,309
Acquisition transaction expenses 422   1,585  
Selling, general and administrative 18,908 15,439 35,164 29,412
Total operating expenses 31,733 25,667 60,993 49,721
Operating income 8,419 8,601 18,210 17,051
Interest expense (873) (1,048) (1,854) (2,184)
Revaluation of derivatives 638 (1,423) 984 (63)
Foreign currency gain (loss) (889) 3,289 98 2,778
Income (loss) from equity investment 17 (33) 242 (231)
Other income 164 272 500 549
Earnings before income tax 7,476 9,658 18,180 17,900
Income tax expense 1,948 2,813 2,743 4,958
Net income 5,528 6,845 15,437 12,942
Gain attributable to non-controlling interest (19) (1,432) (1,277) (2,819)
Net income attributable to Gentherm Incorporated 5,509 5,413 14,160 10,123
Convertible preferred stock dividends (540) (1,840) (1,463) (4,005)
Net income attributable to common shareholders $ 4,969 $ 3,573 $ 12,697 $ 6,118
Basic earnings per share $ 0.15 $ 0.12 $ 0.38 $ 0.23
Diluted earnings per share $ 0.15 $ 0.12 $ 0.37 $ 0.22
Weighted average number of shares – basic 32,658,000 29,568,000 33,698,000 27,023,000
Weighted average number of shares – diluted 33,167,000 30,103,000 34,143,000 27,641,000