XML 81 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Commitments and Contingencies
12 Months Ended
Dec. 31, 2013
Commitments and contingencies

Note 9 Commitments and contingencies

The Company’s operating leases cover primarily buildings, office equipment and automobiles. A summary of lease commitments as of December 31, 2013, under all non-cancelable operating leases with terms exceeding one year is as follows:

 

 

  

 

 

2014

  

$

5,081

  

2015

  

 

3,296

  

2016

  

 

2,315

  

2017

  

 

1,705

  

2018

  

 

1,239

  

2019 or later

  

 

1,278

  

Total

  

$

14,914

  

Rent expense under all of the Company’s operating leases was $5,992, $5,996 and $3,243 for 2013, 2012 and 2011, respectively.

As discussed in Note 2, Gentherm purchased the rights and ownership of certain intellectual property from Johnson Controls for $7,000. We are required to make nine quarterly installment payments to Johnson Controls beginning September 30, 2012.  Total installment payments made to Johnson Controls during the period ended December 31, 2013 was $1,688. We expect to make all the final payment totaling $1,312 to Johnson Controls during 2014. Expected installment payments are included in accrued liabilities.

We are subject to litigation from time to time in the ordinary course of our business; however there is no current material pending litigation to which we are a party and no material legal proceeding was terminated, settled or otherwise resolved during the fiscal year ended December 31, 2013.