XML 55 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current Assets:    
Cash & cash equivalents $ 54,885 $ 58,152
Accounts receivable, less allowance of $1,807 and $2,474, respectively 118,283 102,261
Inventory 64,217 53,756
Derivative financial instruments 67 160
Deferred income tax assets 10,616 15,006
Prepaid expenses and other assets 21,864 12,809
Total current assets 269,932 242,144
Property and equipment, net 79,234 55,010
Goodwill 25,809 24,729
Other intangible assets, net of accumulated amortization of $44,474 and $28,575, respectively 83,431 95,870
Deferred financing costs 1,072 1,880
Deferred income tax assets 7,103 5,361
Derivative financial instruments 1,969 4,141
Other non-current assets 13,373 10,062
Total assets 481,923 439,197
Current Liabilities:    
Accounts payable 61,662 42,508
Accrued liabilities 66,783 54,157
Current maturities of long-term debt 21,439 17,218
Derivative financial instruments 2,552 3,326
Deferred income tax liabilities 710  
Total current liabilities 153,146 117,209
Pension benefit obligation 6,868 5,009
Other Liabilities 1,601 4,540
Long-term debt, less current maturities 60,881 39,734
Derivative financial instruments 9,358 13,245
Deferred tax liabilities 17,975 21,828
Total liabilities 249,829 201,565
Commitments and contingencies      
Series C Convertible Preferred Stock   22,469
Common Stock:    
No par value; 55,000,000 shares authorized, 34,929,334 and 29,818,225 issued and outstanding at December 31, 2013 and 2012, respectively 232,067 166,309
Paid-in capital (9,582) 24,120
Accumulated other comprehensive income (5,203) (11,231)
Accumulated earnings 14,812 (17,383)
Total Gentherm Incorporated shareholders’ equity 232,094 161,815
Non-controlling interest   53,348
Total shareholders’ equity 232,094 215,163
Total liabilities and shareholders’ equity $ 481,923 $ 439,197