Pension and Other Post Retirement Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2015

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:

	2015			2014
Change in projected benefit obligation:
Benefit obligation at beginning of year	$	2,474		$	1,848
Service cost		379			335
Interest cost		80			78
Actuarial (gain) loss		(35	)		213
Benefit obligation at end of year	$	2,898		$	2,474

Components of Net Periodic Pension Benefit Cost

Components of the Plan’s net periodic pension benefit cost for the years ended December 31, 2015, 2014 and 2013 are as follows:

	2015		2014		2013
Service cost	$	379	$	335	$	355
Interest cost		80		78		53
Amortization of actuarial losses		27		—		37
Net periodic benefit cost	$	486	$	413	$	445

Pretax Amounts Recognized in Other Comprehensive Income

Pretax amounts recognized in other comprehensive income for the years ended December 31, 2015, 2014 and 2013 are as follows

	2015			2014		2013
Actuarial (Gains)/losses	$	(35	)	$	213	$	(193	)
Amortization of actuarial losses		(27	)		—		(37	)
	$	(62	)	$	213	$	(230	)

Fair Value of Plan Assets

The following table sets forth the fair value of the plan assets for the periods ending December 31, 2015 and 2014:

	2015			2014
Change in plan assets:
Plan assets at beginning of year	$	3,615		$	2,340
Actual return on plan assets		126			89
Contributions		257			1,236
Paid pension distributions		(257	)		(278	)
Actuarial gains/(losses)		(28	)		531
Exchange rate impact		(380	)		(303	)
Plan assets at end of year	$	3,333		$	3,615

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

The Gentherm GmbH defined benefit plan is underfunded by $3,647 and $4,505 as of December 31, 2015 and 2014, respectively. The portion of the net benefit obligation payable within the next 12 months and included in the Company’s consolidated balance sheet within accrued liabilities was $0 and $274 for December 31, 2015 and 2014, respectively . 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:

	2015			2014
Discount rate		2.21	%		1.95	%
Expected long term rate of return on plan assets		3.70	%		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
2016	$	254
2017		253
2018		253
2019		251
2020		249
2021 - 2025		1,237
Total	$	2,497

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:

	2015			2014
Change in projected benefit obligation:
Benefit obligation at beginning of year	$	8,120		$	6,019
Service cost		—			304
Interest cost		142			181
Paid pension distributions		(257	)		(278	)
Actuarial (gains)/losses		(182	)		1,385
Past service cost		—			1,271
Exchange rate impact		(843	)		(762	)
Benefit obligation at end of year	$	6,980		$	8,120

Components of Net Periodic Pension Benefit Cost

Components of the Plan’s net periodic pension benefit cost for the years ended December 31, 2015, 2014 and 2013 are as follows:

	2015			2014			2013
Service cost	$	—			304			—
Interest cost		142			181			180
Return on plan assets		(126	)		(89	)		(59	)
Amortization of prior service cost		572			—			—
Amortization of actuarial loss (gains)		59			(166	)		(37	)
Net periodic benefit cost	$	647			230			84

Pretax Amounts Recognized in Other Comprehensive Income

Pretax amounts recognized in other comprehensive income for the years ended December 31, 2015, 2014 and 2013 are as follows:

	2015			2014		2013
Actuarial (gains)/losses	$	(154	)	$	1,916	$	67
Amortization of actuarial losses		(59	)		166		37
Amortization of prior service cost		(572	)		—		—
	$	(785	)	$	2,082	$	104