Segment Reporting

6 Months Ended

Jun. 30, 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.  

Note 4 – Segment Reporting – Continued

The tables below present segment information about the reported product revenues, depreciation and amortization and operating income (loss) of the Company for three and six month periods ended June 30, 2015 and 2014. 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 June 30, 2015, goodwill assigned to our Automotive and Industrial segments were $22,167  and $6,305, respectively.  As of June 30, 2014, goodwill assigned to our Automotive and Industrial segments were $25,646 and $6,601, respectively.  

Three Months Ended June 30,	Automotive		Industrial			Reconciling Items			Consolidated Total
2015:
Product revenues	$	200,954	$	12,487		$	—		$	213,441
Depreciation and amortization		6,885		404			575			7,864
Operating income (loss)		42,070		(1,806	)		(13,594	)		26,670
2014:
Product revenues	$	198,008	$	8,174		$	—		$	206,182
Depreciation and amortization		6,918		664			876			8,458
Operating income (loss)		38,525		(3,051	)		(10,960	)		24,514

Six Months Ended June 30,	Automotive		Industrial			Reconciling Items			Consolidated Total
2015:
Product revenues	$	400,397	$	19,953		$	—		$	420,350
Depreciation and amortization		13,201		893			1,229			15,323
Operating income (loss)		82,752		(2,912	)		(26,093	)		53,747
2014:
Product revenues	$	391,946	$	8,174		$	—		$	400,120
Depreciation and amortization		13,400		771			1,760			15,931
Operating income (loss)		73,699		(4,601	)		(19,546	)		49,552

Total product revenues information by geographic area is as follows:

	Three Months Ended June 30,
	2015				2014
United States	$	98,767	46	%	$	88,850	43	%
South Korea		21,213	10	%		24,039	12	%
Germany		18,799	9	%		25,486	12	%
China		16,390	8	%		17,349	8	%
Japan		11,332	5	%		11,856	7	%
Czech Republic		7,076	3	%		6,855	3	%
United Kingdom		6,638	3	%		6,199	3	%
Malaysia		6,108	3	%		—	0	%
Canada		6,090	3	%		4,569	2	%
Other		21,028	10	%		20,979	10	%
Total Non U.S.		114,674	54	%		117,332	57	%
	$	213,441	100	%	$	206,182	100	%

Note 4 – Segment Reporting – Continued

	Six Months Ended June 30,
	2015				2014
United States	$	194,071	46	%	$	173,917	43	%
South Korea		44,076	10	%		45,954	11	%
Germany		37,639	9	%		47,962	12	%
China		34,360	8	%		33,293	8	%
Japan		22,517	5	%		22,321	6	%
United Kingdom		13,626	3	%		12,799	3	%
Czech Republic		13,235	3	%		12,941	3	%
Canada		11,575	3	%		7,731	2	%
Mexico		10,759	3	%		9,761	2	%
Other		38,492	10	%		33,441	10	%
Total Non U.S.		226,279	54	%		226,203	57	%
	$	420,350	100	%	$	400,120	100	%