Executive Nonqualified Defined Benefit Plan (Tables)

12 Months Ended

Dec. 31, 2014

Defined Benefit Plan Disclosure [Line Items]

Benefit Obligation, Amounts Recognized Company's Financial Statements and Principal Assumptions

The Company records a projected benefit obligation representing the present value of future plan benefits when earned by the participant. The following table sets forth the benefit obligation, amounts recognized in the Company’s financial statements and the principal assumptions used:

	2014		2013
Change in projected benefit obligation:
Benefit obligation at beginning of year	$	1,848	$	1,633
Service cost		335		355
Interest cost		78		53
Actuarial loss(gain)		213		(193	)
Net periodic benefit cost		626		215
Benefit obligation at end of year	$	2,474	$	1,848

Fair Value of Plan Assets

The following table sets forth the fair value of the plan assets for the periods ending December 31, 2014 and 2013:

	2014			2013
Change in plan assets:
Plan assets at beginning of year	$	2,340		$	1,548
Actual return on plan assets		89			59
Net contributions		958			664
Actuarial gains/(losses)		531			(24	)
Exchange rate impact		(303	)		93
Plan assets at end of year	$	3,615		$	2,340

Actuarial Assumptions Used to Determine Benefit Obligation and Net Periodic Service Cost

The Gentherm GmbH defined benefit plan is underfunded by $4,505 and $3,679 as of December 31, 2014 and 2013, respectively. The portion of the net benefit obligation payable within the next 12 months is included in the Company’s consolidated balance sheet within accrued liabilities. The long-term portion of the net benefit obligation is included in pension benefit obligation. The net periodic benefit cost is included in selling, general and administrative expenses in the Company’s consolidated statements of income. The following table describes the actuarial assumptions used to determine the benefit obligation and the net periodic service cost:

	2014
Discount rate		1.95	%
Expected long term rate of return on plan assets		3.80	%

Schedule of Expected Pension Payments

The schedule of expected pension payments made to Gentherm GmbH defined benefit plan participants over the next 10 years is as follows:

Year
2015	$	276
2016		277
2017		276
2018		275
2019		274
2020 - 2024		1,360
Total	$	2,738

Gentherm GmbH

Defined Benefit Plan Disclosure [Line Items]

Benefit Obligation, Amounts Recognized Company's Financial Statements and Principal Assumptions

Gentherm GmbH records a projected benefit obligation representing the present value of future plan benefits when earned by the participant. The following table sets forth the benefit obligation and amounts recognized in the Company’s financial statements:

	2014			2013
Change in projected benefit obligation:
Benefit obligation at beginning of year	$	6,019		$	5,392
Service cost		304			—
Interest cost		181			180
Paid pension distributions		(278	)		(291	)
Actuarial (gains)/losses		1,385			43
Past service cost		1,271			445
Exchange rate impact		(762	)		250
Benefit obligation at end of year	$	8,120		$	6,019