Segment Reporting

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Segment Reporting

Note 4 – Segment Reporting

Segment information is used by management for making operating decisions for the Company. Management evaluates the performance of the Company’s segments based primarily on operating income or loss.

The Company’s reportable segments are as follows:

● Automotive  – this segment represents the design, development, manufacturing and sales of automotive seat comfort systems, specialized automotive cable systems and certain automotive and non-automotive thermal convenience products.

● Industrial – the combined operating results of Gentherm Global Power Technologies and Gentherm’s advanced research and development division.  Advanced research and development includes efforts focused on improving the efficiency of thermoelectric technologies and advanced heating wire technology as well as other applications.  The segment includes government sponsored research projects, including those sponsored by the U.S. Department of Energy, the Germany Ministry of Economics and Technology and the European Union.

● Reconciling Items – include corporate selling, general and administrative costs and acquisition transaction costs.  

The table below presents segment information about the reported product revenues, depreciation and amortization and operating income (loss) of the Company for three months ended March 31, 2015 and 2014. Certain amounts for 2014 have been reclassified to  conform with the current year presentation. With the exception of goodwill, asset information by segment is not reported since the Company does not manage assets at a segment level. As of March 31, 2015, goodwill assigned to our Automotive and Industrial segments were $21,368  and $6,305, respectively.  Goodwill as of March 31, 2014 pertained entirely to our Automotive segment.

Note 4 – Segment Reporting – Continued

Three Months Ended March 31,	Automotive		Industrial			Reconciling Items			Consolidated Total
2015:
Product revenues	$	199,443	$	7,466		$	—		$	206,909
Depreciation and amortization		6,316		489			654			7,459
Operating income (loss)		40,682		(1,106	)		(12,499	)		27,077
2014:
Product revenues	$	193,938	$	—		$	—		$	193,938
Depreciation and amortization		6,482		107			884			7,473
Operating income (loss)		35,174		(1,550	)		(8,586	)		25,038

Total product revenues information by geographic area is as follows:

	Three Months Ended March 31,
	2015				2014
United States	$	95,304	46	%	$	85,067	44	%
South Korea		22,863	11	%		21,915	11	%
Germany		18,840	9	%		22,476	12	%
China		17,970	9	%		15,944	8	%
Japan		11,185	5	%		10,465	6	%
United Kingdom		6,988	3	%		6,600	3	%
Czech Republic		6,159	3	%		6,086	3	%
Canada		5,485	3	%		3,162	2	%
Mexico		5,433	3	%		4,703	2	%
Other		16,682	8	%		17,520	9	%
Total Non U.S.		111,605	54	%		108,871	56	%
	$	206,909	100	%	$	193,938	100	%