thrm-10q_20160331.htm

0001564590-16-017155.txt : 20160429 0001564590-16-017155.hdr.sgml : 20160429 20160429160126 ACCESSION NUMBER: 0001564590-16-017155 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 50 CONFORMED PERIOD OF REPORT: 20160331 FILED AS OF DATE: 20160429 DATE AS OF CHANGE: 20160429 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENTHERM Inc CENTRAL INDEX KEY: 0000903129 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 954318554 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-21810 FILM NUMBER: 161606405 BUSINESS ADDRESS: STREET 1: 21680 HAGGERTY ROAD CITY: NORTHVILLE STATE: MI ZIP: 48167-8994 BUSINESS PHONE: 248-504-0500 MAIL ADDRESS: STREET 1: 21680 HAGGERTY ROAD CITY: NORTHVILLE STATE: MI ZIP: 48167-8994 FORMER COMPANY: FORMER CONFORMED NAME: AMERIGON INC DATE OF NAME CHANGE: 19930503 10-Q 1 thrm-10q_20160331.htm 10-Q thrm-10q_20160331.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

x	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2016

¨	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to .

Commission File Number: 0-21810

GENTHERM INCORPORATED

(Exact name of registrant as specified in its charter)


Michigan		95-4318554
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
21680 Haggerty Road, Northville, MI		48167
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (248) 504-0500

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	x		Accelerated filer	¨
Non-accelerated filer	¨		Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No x

At April 28, 2016, there were 36,429,697 issued and outstanding shares of Common Stock of the registrant.

GENTHERM INCORPORATED

TABLE OF CONTENTS

Cover
Table of Contents
Part I. Financial Information			3
	Item 1.	Financial Statements (Unaudited)	3
		Consolidated Condensed Balance Sheets	3
		Consolidated Condensed Statements of Income	4
		Consolidated Condensed Statements of Comprehensive Income	5
		Consolidated Condensed Statements of Cash Flows	6
		Consolidated Condensed Statement of Changes in Shareholders’ Equity	7
		Notes to Unaudited Consolidated Condensed Financial Statements	8
	Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	18
	Item 3.	Quantitative and Qualitative Disclosures About Market Risk	22
	Item 4.	Controls and Procedures	24
Part II. Other Information			25
	Item 1.	Legal Proceedings	25
	Item 1A.	Risk Factors	25
	Item 6.	Exhibits	25
Signatures			26

PART I. FINANCIAL INFORMATION

ITEM 1.

FINANCIAL STATEMENTS

GENTHERM INCORPORATED

CONSOLIDATED CONDENSED BALANCE SHEETS

(In thousands, except share data)

(Unaudited)

	March 31, 2016			December 31, 2015

ASSETS
Current Assets:
Cash and cash equivalents	$	210,556		$	144,479
Accounts receivable, less allowance of $1,129 and $955, respectively		161,690			142,610
Inventory:
Raw materials		53,394			50,371
Work in process		4,870			4,150
Finished goods		28,686			29,662
Inventory, net		86,950			84,183
Derivative financial instruments		1,324			—
Deferred income tax assets		7,449			6,716
Prepaid expenses and other assets		45,851			42,620
Total current assets		513,820			420,608
Property and equipment, net		131,332			119,157
Goodwill		28,826			27,765
Other intangible assets		47,972			48,461
Deferred financing costs		931			310
Deferred income tax assets		25,357			22,094
Other non-current assets		38,297			8,403
Total assets	$	786,535		$	646,798
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Accounts payable	$	84,880		$	77,115
Accrued liabilities		96,078			60,823
Current maturities of long-term debt		912			4,909
Deferred tax liabilities		238			211
Derivative financial instruments		429			725
Total current liabilities		182,537			143,783
Pension benefit obligation		6,811			6,545
Other liabilities		4,485			5,026
Long-term debt, less current maturities		172,524			92,832
Deferred income tax liabilities		12,865			14,321
Total liabilities		379,222			262,507
Shareholders’ equity:
Common Stock:
No par value; 55,000,000 shares authorized, 36,407,397 and 36,321,775 issued and outstanding at March 31, 2016 and December 31, 2015, respectively		257,401			256,919
Paid-in capital		(920	)		(1,282	)
Accumulated other comprehensive loss		(41,385	)		(51,670	)
Accumulated earnings		192,217			180,324
Total shareholders’ equity		407,313			384,291
Total liabilities and shareholders’ equity	$	786,535		$	646,798

See accompanying notes to the consolidated condensed financial statements.

GENTHERM INCORPORATED

CONSOLIDATED CONDENSED STATEMENTS OF INCOME

(In thousands, except per share data)

(Unaudited)

	Three Months Ended March 31,
	2016			2015
Product revenues	$	215,714		$	206,909
Cost of sales		147,472			140,339
Gross margin		68,242			66,570
Operating expenses:
Net research and development expenses		15,696			14,548
Acquisition transaction expenses		37			—
Selling, general and administrative		22,624			24,945
Total operating expenses		38,357			39,493
Operating income		29,885			27,077
Interest expense		(677	)		(564	)
Revaluation of derivatives loss		—			(964	)
Foreign currency gain (loss)		(1,835	)		435
Other income		365			195
Earnings before income tax		27,738			26,179
Income tax expense		15,845			6,359
Net income	$	11,893		$	19,820
Basic earnings per share	$	0.33		$	0.55
Diluted earnings per share	$	0.33		$	0.55
Weighted average number of shares – basic		36,357			35,769
Weighted average number of shares – diluted		36,550			36,245

See accompanying notes to the consolidated condensed financial statements.

GENTHERM INCORPORATED

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

(In thousands)

(Unaudited)

	Three Months Ended March 31,
	2016			2015
Net income	$	11,893		$	19,820
Other comprehensive loss, gross of tax:
Foreign currency translation adjustments gain (loss)		7,910			(19,605	)
Unrealized gain (loss) on foreign currency derivative securities		1,293			(347	)
Unrealized gain on commodity derivative securities		296			76
Other comprehensive income (loss), gross of tax	$	9,499		$	(19,876	)
Other comprehensive income (loss), related tax effect:
Foreign currency translation adjustments gain (loss)		1,242			467
Unrealized gain (loss) on foreign currency derivative securities		(347	)		—
Unrealized gain on commodity derivative securities		(109	)		89
Other comprehensive income (loss), related tax effect	$	786		$	556
Other comprehensive income (loss), net of tax	$	10,285		$	(19,320	)
Comprehensive income	$	22,178		$	500

See accompanying notes to the consolidated condensed financial statements.

GENTHERM INCORPORATED

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

	Three Months Ended March 31,
	2016			2015
Operating Activities:
Net income	$	11,893		$	19,820
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization		8,164			7,459
Deferred income tax benefit		(5,173	)		(2,483	)
Stock compensation		1,818			1,358
Defined benefit plan expense (income)		45			(9	)
Provision of doubtful accounts		574			125
Gain on revaluation of financial derivatives		(456	)		(324	)
(Gain) loss on sale of property and equipment		29			(8	)
Changes in operating assets and liabilities:
Accounts receivable		(21,906	)		(15,994	)
Inventory		(1,223	)		(5,762	)
Prepaid expenses and other assets		(1,628	)		(3,905	)
Accounts payable		6,392			15,522
Accrued liabilities		7,819			(6,970	)
Net cash provided by operating activities		6,348			8,829
Investing Activities:
Investment in subsidiary, net of cash acquired		—			(47	)
Proceeds from the sale of property and equipment		18			181
Purchases of property and equipment		(17,010	)		(10,403	)
Net cash used in investing activities		(16,992	)		(10,269	)
Financing Activities:
Borrowing of debt		75,000			—
Repayments of debt		(446	)		(1,669	)
Excess tax benefit from equity awards		(385	)		—
Cash paid for financing costs		(650	)		—
Cash paid for the cancellation of restricted stock		(793	)		(467	)
Proceeds from the exercise of Common Stock options		204			2,026
Net cash provided by (used in) financing activities		72,930			(110	)
Foreign currency effect		3,791			(4,569	)
Net increase (decrease) in cash and cash equivalents		66,077			(6,119	)
Cash and cash equivalents at beginning of period		144,479			85,700
Cash and cash equivalents at end of period	$	210,556		$	79,581
Supplemental disclosure of cash flow information:
Cash paid for taxes	$	9,342		$	14,768
Cash paid for interest	$	458		$	515
Supplemental disclosure of non-cash transactions:
Common Stock issued to Board of Directors and employees	$	984		$	673

See accompanying notes to the consolidated condensed financial statements.

GENTHERM INCORPORATED

CONSOLIDATED CONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY

(In thousands)

(Unaudited)

												Accumulated
												Other
	Common Stock						Paid-in			Accumulated		Comprehensive
	Shares			Amount			Capital			Earnings		Loss			Total
Balance at December 31, 2015		36,322		$	256,919		$	(1,282	)	$	180,324	$	(51,670	)	$	384,291
Exercise of Common Stock options for cash		14			291			(87	)		—		—			204
Tax benefit from exercises of Common Stock options		—			—			(385	)		—		—			(385	)
Cancellation of restricted stock		(17	)		(793	)		—			—		—			(793	)
Stock option compensation		—			—			834			—		—			834
Common Stock issued to Board of Directors and employees		88			984			—			—		—			984
Currency translation, net		—			—			—			—		9,152			9,152
Foreign currency hedge, net		—			—			—			—		946			946
Commodity hedge, net		—			—			—			—		187			187
Net income		—			—			—			11,893		—			11,893
Balance at March 31, 2016		36,407		$	257,401		$	(920	)	$	192,217	$	(41,385	)	$	407,313

See accompanying notes to the consolidated condensed financial statements.

GENTHERM INCORPORATED

NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

(In thousands, except share and per share data)

(Unaudited)

Note 1 – The Company and Subsequent Events

Gentherm Incorporated is a global technology and industry leader in the design, development, and manufacturing of innovative thermal management technologies and automotive cable systems. Unless the context otherwise requires, the terms “Company”, “we”, “us” and “our” used herein refer to Gentherm Incorporated and its consolidated subsidiaries. Our products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation and other consumer and industrial temperature control needs. Our products can be found on the vehicles of nearly all major automotive manufacturers operating in North America, Europe and Asia. We operate in locations aligned with our major customers’ product strategies in order to provide locally enhanced design, integration and production capabilities and to identify future thermal technology product opportunities in both automotive and other markets. We concentrate our research on the development of new technologies that will enable new products, improve overall effectiveness of existing products and maximize customer satisfaction. We also focus on developing new design applications from our existing technologies to create new products and market opportunities for thermal comfort solutions.

On January 4, 2016 and January 5, 2016, the Company completed reorganization transactions (the “Reorganization”) related to our North American business (the “Windsor Operations”). As part of our original integration plan to eliminate redundancies associated with the 2011 acquisition of Gentherm GmbH (formally named W.E.T. Automotive Systems AG), the Windsor Operations will be consolidated into our existing European and North American facilities. As a result of the Reorganization, some of the business activities previously performed by the Windsor Operations will now be performed by other subsidiaries.

Related to the Reorganization, the Company declared an intercompany dividend, incurred and paid a related withholding tax to the Canadian Revenue Agency and recorded a tax expense of approximately $6,300, during the first quarter of 2016. Later during the quarter, a further intercompany dividend was declared and paid resulting in an additional $1,300 withholding tax being paid and expensed and the Company changed its assessment of the potential for further dividends and accrued and expensed, but did not pay, an estimated final withholding tax amount totaling $2,000. This estimate is expected to cover the amount of all future intercompany dividends needed to distribute the remaining earnings of the subsidiary to its parent in conjunction with the final liquidation of the subsidiary.

In addition to the $9,600 in combined withholding taxes, the Reorganization will require the Company to make a one-time income tax payment of approximately $32,000. The one-time income tax payment was accrued during the first quarter of 2016; however, the Company also recorded an offsetting deferred charge for approximately the same amount because the one-time income tax payment will result in tax deductions against income taxes in future periods. Therefore, the income tax payment did not have a material impact on the Company’s earnings during the first quarter of 2016 and is not expected to have a material impact in any future fiscal quarter. The income tax payment will be paid during 2017 and is included in accrued liabilities as of March 31, 2016. The deferred charge is included in other non-current assets as of March 31, 2016.

Subsequent Events

We have evaluated subsequent events through the date that our consolidated condensed financial statements are issued. On April 1, 2016, we acquired all of the equity of privately-held Cincinnati Sub-Zero Products, LLC (“CSZ”) and related assets in an all-cash transaction for approximately $73,000, net of cash acquired. Based in Cincinnati, Ohio, CSZ manufactures both high quality patient temperature systems for the health care industry and custom environmental text chambers used by a wide range of industrial manufacturing companies for product testing. CSZ’s 2015 revenues were approximately $63,000. For the three months ended March 31, 2016, CSZ’s revenues were approximately $16,000.

GENTHERM INCORPORATED

NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

(In thousands, except share and per share data)

(Unaudited)

Note 2 – Basis of Presentation and New Accounting Pronouncements

The accompanying unaudited consolidated condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and note disclosures normally included in the audited annual consolidated financial statements prepared in accordance with generally accepted accounting principles in the United States of America have been condensed or omitted pursuant to those rules and regulations. In the opinion of management, all adjustments, consisting of normal recurring items, considered necessary for a fair presentation of our results of operations, financial position and cash flows have been included. The balance sheet as of December 31, 2015 was derived from audited annual consolidated financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America. Certain reclassifications of prior year’s amounts have been made to conform with the current year’s presentation. Operating results for the three months ended March 31, 2016 is not necessarily indicative of the results that may be expected for the year ending December 31, 2016. These consolidated condensed financial statements should be read in conjunction with the financial statements and the notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2015.

Financial Instruments

In January, 2016, the FASB issued ASU 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” ASU 2016-01 requires equity investments not accounted for under the equity method of accounting or result in consolidation of an investee, that have readily determinable fair values to be measured at fair value with changes in the fair value recognized in net income. The update simplifies the impairment assessment for equity investments without readily determinable fair values by requiring assessment for impairment qualitatively, similar to the impairment assessment currently used for long-lived assets, goodwill and indefinite-lived intangible assets. The amendments in this update also change the disclosure requirements for financial instruments, including eliminating the requirement to disclose the method and significant assumptions used to estimate the fair value for financial instruments measured at amortized costs on the balance sheet.

ASU 2016-01 is effective for fiscal years and interim periods beginning after December 15, 2017 and early adoption of the amendments in this update, in general, is not permitted. ASU 2016-01 is not expected to significantly impact the Company.

Leases

In February, 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” ASU 2016-02 requires lessees to recognize on their balance sheet a liability to make lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term. Payments to be made in optional periods should be included in the measurement of lease assets and liabilities if the lessee is reasonably certain it will exercise an option to extend the lease or not exercise an option to terminate the lease. While ASU 2016-02 continues to differentiate between finance or capital leases and operating leases, the principal change from current lease accounting guidance is that lease assets and liabilities arising from operating leases should be recognized on the balance sheet.

ASU 2016-02 is effective for fiscal years and interim periods beginning after December 15, 2018. Early adoption of the amendments in this update is permitted. Lessees are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach which includes a number of practical expedients, including the ability to use hindsight in evaluating lessee options to extend or terminate a lease. An entity that elects to apply the practical expedients will be required to recognize a right-of-use asset and lease liability for all operating leases at each reporting date based on the present value of the remaining minimum rental payment that were tracked and disclosed under previous GAAP. We are currently in the process of determining the impact the implementation of ASU 2016-02 will have on the Company’s financial statements.

GENTHERM INCORPORATED

NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

(In thousands, except share and per share data)

(Unaudited)

Note 2 – Basis of Presentation and New Accounting Pronouncements – Continued

Stock Compensation

In March, 2016, the FASB issued ASU 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” ASU 2016-09 involves several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. Under the new standard, income tax benefits and deficiencies are to be recognized as income tax expense or benefit in the income statement and the tax effects of exercised or vested awards should be treated as discrete items in the reporting period in which they occur. An entity should also recognize excess tax benefits regardless of whether the benefit reduces taxes payable in the current period. Excess tax benefits should be classified along with other income tax cash flows as an operating activity. In regards to forfeitures, the entity may make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest or account for forfeitures when they occur.

ASU 2016-09 is effective for fiscal years and interim periods beginning after December 15, 2016. Early adoption of the amendments in this update is permitted. The Company is currently evaluating the guidance to determine the Company's adoption method and the effect it will have on the Company's Consolidated Financial Statements.

Revenue from Contracts with Customers

In May, 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” ASU 2014-09 was developed to enable financial statement users to better understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The update’s core principal is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Companies are to use a five-step contract review model to ensure revenue gets recognized, measured and disclosed in accordance with this principle.

ASU 2014-09 was to be effective for fiscal years and interim periods beginning after December 15, 2016. On July 9, 2015, the FASB decided to defer by one year the effective date for both public and nonpublic entities. As a result, ASU 2014-09 is now effective for fiscal years and interim periods beginning after December 15, 2017. The amendments in this update will be applied retrospectively either to each prior reporting period presented or to disclose the cumulative effect recognized at the date of initial application. Gentherm has developed a plan to complete the five-step contract review process for all existing contracts with customers. We are currently in the process of determining the impact the implementation of ASU 2014-09 will have on the Company’s financial statements.

Inventory – Simplifying the Measurement of Inventory

In July, 2015, the FASB issued ASU 2015-11, “ Inventory (Topic 330) Simplifying the Measurement of Inventory.” The update requires that inventory measured using any method other than last-in, first-out (LIFO) or the retail inventory method shall be measured at the lower of cost and net realizable value.

ASU 2015-11 is effective for fiscal years and interim periods beginning after December 15, 2016 and is not expected to significantly impact the Company.

Balance Sheet Classification of Deferred Taxes

In November, 2015, the FASB issued ASU 2015-17, “ Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes.” ASU 2015-17 no longer requires an entity to separate deferred income tax liabilities and assets into current and noncurrent amounts on the balance sheet. Instead, for each tax paying component and within each tax jurisdiction all deferred tax liabilities and assets, as well as related valuation allowance, shall be offset and presented as a single noncurrent amount. Entities will continue to not offset deferred tax liabilities and assets attributable to different tax-paying components of the entity or to different tax jurisdictions.

ASU 2015-17 is effective for fiscal years and interim periods beginning after December 15, 2016, though earlier application is permitted. The update can be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. We anticipate adoption of ASU 2015-17 will impact our presentation of deferred tax liabilities and assets on the consolidated condensed balance sheets.

GENTHERM INCORPORATED

NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

(In thousands, except share and per share data)

(Unaudited)

Note 3 – Earnings per Share

Basic earnings per share are computed by dividing net income by the weighted average number of shares of stock outstanding during the period. The Company’s diluted earnings per share give effect to all potential Common Stock outstanding during a period that do not have an anti-dilutive impact to the calculation. In computing the diluted earnings per share, the treasury stock method is used in determining the number of shares assumed to be issued from the exercise of Common Stock equivalents.

The following summarizes the Common Stock included in the basic and diluted shares, as disclosed on the face of the consolidated condensed statements of income:

	Three Months Ended March 31,
	2016		2015
Weighted average number of shares for calculation of basic EPS		36,356,973		35,769,190
Stock options under equity incentive plans		193,890		475,505
Weighted average number of shares for calculation of diluted EPS		36,550,863		36,244,695

The accompanying table represents Common Stock issuable upon the exercise of certain stock options that have been excluded from the diluted earnings calculation because the effect of their inclusion would be anti-dilutive.

	Three Months Ended March 31,
	2016		2015
Stock options outstanding for equity incentive plans		1,062,534		—

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 (“GPT”) 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.

●

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

The tables below present segment information about the reported product revenues, depreciation and amortization and operating income (loss) of the Company for three month periods ended March 31, 2016 and 2015. 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, 2016, goodwill assigned to our Automotive and Industrial segments were $22,675 and $6,151, respectively. As of March 31, 2015, goodwill assigned to our Automotive and Industrial segments were $21,368 and $6,305, respectively.

GENTHERM INCORPORATED

NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

(In thousands, except share and per share data)

(Unaudited)

Note 4 – Segment Reporting – Continued

Three Months Ended March 31,	Automotive		Industrial			Reconciling Items			Consolidated Total

2016:
Product revenues	$	210,435	$	5,279		$	—		$	215,714
Depreciation and amortization		7,283		390			491			8,164
Operating income (loss)		42,701		(2,616	)		(10,200	)		29,885
2015:
Product revenues	$	199,443	$	7,466		$	—		$	206,909
Depreciation and amortization		6,316		489			654			7,459
Operating income (loss)		40,682		(1,287	)		(12,318	)		27,077

Total product revenues information by geographic area is as follows:

	Three Months Ended March 31,
	2016				2015
United States	$	101,740	47	%	$	95,304	46	%
South Korea		19,096	9	%		22,863	11	%
Germany		18,167	8	%		18,840	9	%
China		17,422	8	%		17,970	9	%
Japan		12,234	6	%		11,185	5	%
Czech Republic		9,671	5	%		6,159	3	%
Canada		8,982	4	%		5,485	3	%
United Kingdom		6,667	3	%		6,988	3	%
Mexico		5,581	3	%		5,433	3	%
Other		16,154	7	%		16,682	8	%
Total Non U.S.		113,974	53	%		111,605	54	%
	$	215,714	100	%	$	206,909	100	%

Note 5 – Debt

Credit Agreement

On March 17, 2016, the Company, together with certain direct and indirect subsidiaries, executed the Second Amendment to the Credit Agreement (the “Amended Credit Agreement”) with a consortium of lenders and Bank of America, N.A., as administrative agent.

The Amended Credit Agreement eliminated without penalty the U.S. Term and Europe Term Loans and increased the aggregate principal amount available for borrowing under the U.S. Revolving Note from $100,000 to $250,000. New subsidiary borrowers and guarantors were added under the Amended Credit Agreement and related pledge and security agreement. The security agreement grants a security interest in substantially all of the personal property of subsidiaries designated as borrowers to secure their respective obligations under the Amended Credit Agreement, including the stock and membership interests of specified subsidiaries (limited to 66% of the stock in the case of certain non-US subsidiaries). The Amended Credit Agreement restricts the amount of dividend payments the Company can make to shareholders.

The Amended Credit Agreement replaced the Company’s requirement to maintain a minimum Consolidated Fixed Charge Coverage Ratio with a minimum Consolidated Interest Coverage Ratio. The Company must also maintain a maximum Consolidated Leverage Ratio. Definitions for these financial ratios, and a description of modifications made to other covenants to which the Company and its subsidiaries are subject, are included in the Amended Credit Agreement.

GENTHERM INCORPORATED

NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

(In thousands, except share and per share data)

(Unaudited)

Note 5 – Debt – Continued

Under the Amended Credit Agreement, U.S. Dollar denominated loans bear interest at either a base rate (“Base Rate”) or Eurocurrency rate (“Eurocurrency Rate”), plus a margin (“Applicable Rate”). The Base Rate is equal to the highest of the Federal Fund Rate (0.25% at March 31, 2016) plus 0.50%, Bank of America’s prime rate (3.50% at March 31, 2016), or a one month Eurocurrency rate (0.00% at March 31, 2016) plus 1.00%. The Eurocurrency Rate for loans denominated in U.S. Dollars or European Euros is equal to the London Interbank Offered Rate (0.38% at March 31, 2016). All loans denominated in a currency other than the U.S. Dollar must be Eurocurrency Rate Loans. Interest is payable at least quarterly.

The Applicable Rate from the initial period of March 17, 2016 through the fiscal quarter ending September 30, 2016 is 1.50% per annum for Eurocurrency Rate Loans and 0.50% per annum for Base Rate Loans. After the initial period, the Applicable Rate will vary based on the Consolidate Leverage Ratio reported by the Company. As long as the Company is not in default of the terms and conditions of the Credit Agreement, the lowest and highest possible Applicable Rate is 1.25% and 2.00%, respectively, for Eurocurrency Rate Loans and 0.25% and 1.00%, respectively, for Base Rate Loans.

The Company also has two fixed interest rate loans with the German Investment Corporation (“DEG”), a subsidiary of KfW Banking Group, a Germany government-owned development bank:

DEG China Loan

The first DEG loan, a loan we used to fund capital investments in China (the “DEG China Loan”), is subject to semi-annual principal payments beginning March, 2015 and ending September, 2019. Under the terms of the DEG China Loan, the Company must maintain a minimum Debt-to-Equity Ratio, Current Ratio and Debt Service Coverage Ratio, as defined by the DEG China Loan agreement, based on the financial statements of Gentherm’s wholly owned subsidiary, Gentherm Automotive Systems (China) Limited.

DEG Vietnam Loan

The Company’s second fixed interest rate loan agreement with DEG was used to finance the construction and set up of the Vietnam production facility (“DEG Vietnam Loan”). The DEG Vietnam Loan is subject to semi-annual principal payments beginning November, 2017 and ending May, 2023. Under the terms of the DEG Vietnam Loan, the Company must maintain a minimum Current Ratio, Equity Ratio and Enhanced Equity Ratio, as defined by the DEG Vietnam Loan agreement, based on the financial statements of Gentherm’s wholly owned subsidiary, Gentherm Vietnam Co. Ltd.

The following table summarizes the Company’s debt at March 31, 2016 and at December 31, 2015.

	March 31, 2016						December 31, 2015
	Interest Rate			Principal Balance			Principal Balance
Credit Agreement:
U.S. Term Loan				$	—		$	46,875
Europe Term Loan					—			20,369
Revolving Note (U.S. Dollar Denominations)		1.97	%		133,875			12,000
Revolving Note (Euro Denominations)		1.50	%		21,370			—
DEG China Loan		4.25	%		3,191			3,497
DEG Vietnam Loan		5.21	%		15,000			15,000
Total debt					173,436			97,741
Current portion					(912	)		(4,909	)
Long-term debt, less current maturities				$	172,524		$	92,832

GENTHERM INCORPORATED

NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

(In thousands, except share and per share data)

(Unaudited)

Note 5 – Debt – Continued

The scheduled principal maturities of our debt as of March 31, 2016 is as follows:

Year	Revolving Note (U.S. Dollar)		Revolving Note (Euro)		DEG China Note		DEG Vietnam Note		Total
2016	$	—	$	—	$	456	$	—	$	456
2017		—		—		911		1,250		2,161
2018		—		—		912		2,500		3,412
2019		—		—		912		2,500		3,412
2020		—		—		—		2,500		2,500
2021		133,875		21,370		—		2,500		157,745
Thereafter		—		—		—		3,750		3,750
Total	$	133,875	$	21,370	$	3,191	$	15,000	$	173,436

Principal outstanding under the Revolving Note will be due and payable in full on March 17, 2021. As of March 31, 2016, we were in compliance with all terms as outlined in the Amended Credit Agreement, DEG China Loan and DEG Vietnam Loan.

Note 6 – Derivative Financial Instruments

We are exposed to market risk from changes in foreign currency exchange rates, short-term interest rates and price fluctuations of certain material commodities such as copper. Market risks for changes in interest rates relate primarily to our debt obligations under our Credit Agreement. Foreign currency exchange risks are attributable to sales to foreign customers and purchases from foreign suppliers not denominated in the location’s functional currency, foreign plant operations, intercompany indebtedness, intercompany investments and include exposures to the European Euro, Mexican Peso, Canadian Dollar, Hungarian Forint, Macedonian Denar, Ukrainian Hryvnia, Japanese Yen, Chinese Renminbi, Korean Won and Vietnamese Dong.

The Company regularly enters into derivative contracts with the objective of managing its financial and operational exposure arising from these risks by offsetting gains and losses on the underlying exposures with gains and losses on the financial instruments used to hedge them. The maximum length of time over which we hedge our exposure to foreign currency exchange risks is one year. We had foreign currency derivative contracts with a notional value of $24,944 and $0 outstanding as of March 31, 2016 and December 31, 2015, respectively.

The maximum length of time over which we hedge our exposure to price fluctuations in material commodities is two years. We had copper commodity swap contracts with a notional value of $4,071 and $4,885 outstanding at March 31, 2016 and December 31, 2015, respectively.

We do not enter into derivative financial instruments for speculative or trading purposes. Our hedging relationships are formally documented at the inception of the hedge, and hedges must be highly effective in offsetting changes to future cash flows on hedged transactions both at the inception of a hedge and on an ongoing basis to be designated for hedge accounting treatment. For derivative contracts which can be classified as a cash flow hedge, the effective portion of the change in the fair value of the derivative is recorded to accumulated other comprehensive loss in the consolidated balance sheet. When the underlying hedge transaction is realized, the gain or loss included in accumulated other comprehensive loss is recorded in earnings in the consolidated statement of income on the same line as the gain or loss on the hedged item attributable to the hedged risk. We record the ineffective portion of foreign currency hedging instruments, if any, to foreign currency gain (loss) in the consolidated statements of income. Though we continuously monitor the hedging program, derivative positions and hedging strategies, foreign currency forward exchange agreements have not always been designated as hedging instruments for accounting purposes.

GENTHERM INCORPORATED

NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

(In thousands, except share and per share data)

(Unaudited)

Note 6 – Derivative Financial Instruments – Continued

Information related to the recurring fair value measurement of derivative instruments in our consolidated condensed balance sheet as of March 31, 2016 is as follows:

Asset Derivatives

Liability Derivatives

Net Asset/
(Liabilities)

Hedge
Designation

Fair Value
Hierarchy

Balance Sheet
Location

Fair
Value

Balance Sheet
Location

Fair
Value

Foreign currency derivatives

Cash flow hedge

Level 2

Current assets

1,324

Commodity derivatives

Cash flow hedge

Level 2

Current liabilities

(429

)

(429

)

Information relating to the effect of derivative instruments on our consolidated condensed statements of income is as follows:

	Location	Three Months Ended March 31, 2016			Three Months Ended March 31, 2015
Foreign currency derivatives	Revaluation of derivatives	$	—		$	6,197
	Cost of sales		35			(128	)
	Selling, general and administrative		139			21
	Other comprehensive income		1,293			(347	)
	Foreign currency (loss) gain		78			207
Total foreign currency derivatives		$	1,545		$	5,950
Commodity derivatives	Cost of sales	$	(211	)	$	(7,161	)
	Other comprehensive income	$	296		$	—
Total commodity derivatives		$	85		$	(7,161	)

We did not incur any hedge ineffectiveness during the three months ended March 31, 2016 and 2015.

Note 7 – Fair Value Measurement

The Company bases fair value on a price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. We have adopted a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three broad levels, which are described below:

Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities. The fair value hierarchy gives the highest priority to Level 1 inputs.

Level 2: Inputs, other than quoted market prices included in Level 1, that are observable either directly or indirectly for the asset or liability.

Level 3: Unobservable inputs that are used when little or no market data is available. The fair value hierarchy gives the lowest priority to Level 3 inputs.

In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible and also considers counterparty credit risk in its assessment of fair value.

GENTHERM INCORPORATED

NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

(In thousands, except share and per share data)

(Unaudited)

Note 7 – Fair Value Measurement – Continued

Except for derivative instruments (see Note 6), pension liabilities, pension plan assets and a corporate owned life insurance policy, the Company has no financial assets and liabilities that are carried at fair value at March 31, 2016 and December 31, 2015. The carrying amounts of financial instruments comprising cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximate their fair values due to the relatively short maturity of such instruments. The Company uses an income valuation technique to measure the fair values of its debt instruments by converting amounts of future cash flows to a single present value amount using rates based on current market expectations (Level 2 inputs). As of March 31, 2016 and December 31, 2015, the carrying values of the Company’s Amended Credit Agreement indebtedness and Credit Agreement indebtedness for the periods ending March 31, 2016 and December 31, 2015, respectively, were not materially different than their estimated fair values because the interest rates on variable rate debt approximated rates currently available to the Company (see Note 5). Discount rates used to measure the fair value of Gentherm’s DEG Vietnam Loan and DEG China Loan are based on quoted swap rates. As of March 31, 2016, the carrying values of the DEG Vietnam Loan and DEG China Loan were $15,000 and $3,191, respectively, as compared to an estimated fair value of $15,543 and $3,782, respectively. As of December 31, 2015, the carrying value of the DEG Vietnam Loan and DEG China Loan were $15,000 and $3,497, respectively, as compared to an estimated fair value of $15,056 and $3,588, respectively.

Certain Company assets are required to be recorded at fair value on a non-recurring basis when events and circumstances indicate that the carrying value may not be recoverable. As of March 31, 2016 and December 31, 2015, the Company did not realize any changes to the fair value of these assets due to the non-occurrence of events or circumstances that could negatively impact their recoverability.

Note 8 – Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

Reclassification adjustments and other activities impacting accumulated other comprehensive income (loss) during the three months ended March 31, 2016 and March 31, 2015 are as follows:

	Defined Benefit Pension Plans			Foreign Currency Translation Adjustments			Commodity Hedge Derivatives			Foreign Currency Hedge Derivatives			Total
Balance at December 31, 2015	$	(2,060	)	$	(49,381	)	$	(229	)	$	—		$	(51,670	)
Other comprehensive income (loss) before reclassifications		—			7,910			114			1,293			9,317
Income tax effect of other comprehensive income (loss) before reclassifications		—			1,242			(42	)		(347	)		853
Amounts reclassified from accumulated other comprehensive income (loss) into net income		—			—			182	^a		—			182
Income taxes reclassified into net income		—			—			(67	)		—			(67	)
Net current period other comprehensive income (loss)		—			9,152			187			946			10,285
Balance at March 31, 2016	$	(2,060	)	$	(40,229	)	$	(42	)	$	946		$	(41,385	)

(a)	The amounts reclassified from accumulated other comprehensive income are included in cost of sales.

GENTHERM INCORPORATED

NOTES TO UNAUDITED CONSOLIDATED CONDENSED FINANCIAL STATEMENTS

(In thousands, except share and per share data)

(Unaudited)

Note 8 – Reclassifications Out of Accumulated Other Comprehensive Income (Loss) – Continued

	Defined Benefit Pension Plans			Foreign Currency Translation Adjustments			Commodity Hedge Derivatives		Foreign Currency Hedge Derivatives			Total
Balance at December 31, 2014	$	(2,673	)	$	(23,060	)	$	—	$	(10	)	$	(25,743	)
Other comprehensive income (loss) before reclassifications		—			(19,605	)		76		(357	)		(19,886	)
Income tax effect of other comprehensive income (loss) before reclassifications		—			467			—		89			556
Amounts reclassified from accumulated other comprehensive income (loss) into net income		—			—			—		10	^a		10
Income taxes reclassified into net income		—			—			—		—			—
Net current period other comprehensive income (loss)		—			(19,138	)		76		(258	)		(19,320	)
Balance at March 31, 2015	$	(2,673	)	$	(42,198	)	$	76	$	(268	)	$	(45,063	)

(a)	The amounts reclassified from accumulated other comprehensive income are included in cost of sales.

We expect all of the existing gains and losses related to foreign currency and commodity derivatives reported in accumulated other comprehensive income as of March 31, 2016 to be reclassified into earning during the twelve month period ending December 31, 2016.

ITEM 2.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward-Looking Statements

This Report contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent our goals, beliefs, plans and expectations about our prospects for the future and other future events, such as our ability to finance sufficient working capital, the amount of availability under our credit facility, our ability to continue to maintain or increase sales and profits of our operations, and the sufficiency of our cash balances and cash generated from operating, investing and financing activities for our future liquidity and capital resource needs. Reference is made in particular to forward-looking statements included in this “Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Such statements may be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “believe”, “estimate”, “anticipate”, “intend”, “continue”, or similar terms, variations of such terms or the negative of such terms. The forward-looking statements included in this Report are made as of the date hereof or as of the date specified and are based on management’s current expectations and beliefs. Such statements are subject to a number of assumptions, risks, uncertainties and other factors, which are set forth in this Report, under “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2015 and subsequent reports filed with or furnished to the Securities and Exchange Commission, and which could cause actual results to differ materially from that described in the forward looking statements. Except as required by law, we expressly disclaim any obligation or undertaking to update any forward-looking statements to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

The following discussion and analysis should be read in conjunction with, and is qualified in its entirety by, our financial statements and related notes thereto included elsewhere in this Report and in our Annual Report on Form 10-K for the year ended December 31, 2015.

Overview

Gentherm is a global technology and industry leader in the design, development, and manufacturing of innovative thermal management technologies and automotive cable systems. Our products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation and other consumer and industrial temperature control needs. Our automotive products can be found on the vehicles of nearly all major automotive manufacturers in North America, Europe and Asia. We operate in locations aligned with our major customers’ product strategies in order to provide locally enhanced design, integration and production capabilities and to identify future thermal technology product opportunities in both automotive and other markets. We concentrate our research on the development of new technologies that will enable new products, improve overall effectiveness of existing products and maximize customer satisfaction. We also focus on developing new design applications from our existing technologies to create new products and market opportunities for thermal comfort solutions.

Our products are primarily sold to automobile and light truck OEMs or their tier one suppliers. Inherent in this market are costs and commitments that are incurred well in advance of the receipt of orders (and resulting revenues) from customers. This is due in part to automotive manufacturers requiring the design, coordination and testing of proposed new components and sub-systems. Revenues from these expenditures are typically not realized for two to three years due to this development cycle. These customers in turn sell our product, as a component of an entire seat or seating system, to automotive OEMs

The Company has two reportable segments for financial reporting purposes: Automotive and Industrial. See Note 4 to our consolidated condensed financial statements for a description of our reportable segments as well as their proportional contribution to the Company’s reported product revenues and operating income. The financial information used by our chief operating decision maker to assess operating performance and allocate resources is based on these reportable segments.

Related to the Reorganization, the Company declared an intercompany dividend, incurred and paid a related withholding tax to Revenue Canada and recorded a tax expense of approximately $6,300,000, during the first quarter of 2016. Later during the quarter, a further intercompany dividend was declared and paid resulting in an additional $1,300,000 withholding tax being paid and expensed and the Company changed its assessment of the potential for further dividends and accrued and expensed, but did not pay, an estimated final withholding tax amount totaling $2,000,000. This estimate is expected to cover the amount of all future intercompany dividends needed to distribute the remaining earnings of the subsidiary to its parent in conjunction with the final liquidation of the subsidiary.

In addition to the $9,600,000 in combined withholding taxes, the Reorganization will require the Company to make a one-time income tax payment of approximately $32,000,000. The one-time income tax payment was accrued during the first quarter of 2016; however, the Company also recorded an offsetting deferred charge for approximately the same amount because the one-time income tax payment will result in tax deductions against income taxes in future periods. Therefore, the income tax payment did not have a material impact on the Company’s earnings during the first quarter of 2016 and is not expected to in any future fiscal quarter. The income tax payment will be paid during 2017.

First Quarter 2016 Compared with First Quarter 2015

Product Revenues. Our product revenues for the three months ended March 31, 2016 (“First Quarter 2016”) were $215,714,000 compared with product revenues of $206,909,000 for the three months ended March 31, 2015 (“First Quarter 2015”), an increase of $8,805,000, or 4%. A portion of our product revenues come from sales to customers in Europe, much of which are denominated in European Euros (“EUR”). Since the end of First Quarter 2015, the relative market value of the Euro declined against the U.S. Dollar, our reporting currency. During First Quarter 2016, the average exchange rate between these currencies was 1.10 U.S. Dollars to the Euro whereas during First Quarter 2015 the average exchange rate was 1.13. Consequently, our Euro denominated revenues, which have increased by 11% in Euros, have resulted in lower U.S. Dollar reported product revenues. The strong U.S. Dollar against other currencies including the Chinese Yuan and South Korean won, had similar impacts to our reporting product revenues. Had the First Quarter 2016 average exchange rates for these currencies been the same as First Quarter 2015 average exchange rates, our product revenues would have been $3,706,000 higher than that reported for First Quarter 2015. Adjusting for this unfavorable currency translation impact, our First Quarter 2016 product revenues would have been $219,420,000 or 6% higher than First Quarter 2015, reflecting higher unit volumes in substantially all of our markets and products except for Gentherm Global Power Technologies (“GPT”).

CCS revenue increased by $3,997,000, or 4%, to $103,884,000, during First Quarter 2016. This increase resulted from new program launches since First Quarter 2015, and strong vehicle production volumes and related sales of vehicles equipped with CCS systems, particularly vehicles in the luxury segment of the automotive market. Sales of seat heaters increase by $4,031,000, or 6%, to $72,298,000. Our steering wheel heater product continues to be strong and increased by $1,786,000, or 18%, to $11,559,000. GPT revenue totaling $5,279,000, during First Quarter 2016, was $2,187,000 lower than First Quarter 2015. This decrease partly reflects continued softness in the demand for GPT’s products in North America, which continues to be unfavorably impacted by the market weakness in the oil industry that has carried over to and reduced capital investments being made by GPT’s principal customers that build and operate natural gas pipelines and related natural gas exploration and production companies. During prior quarters, this weakness had been offset by higher sales of products that are sold into geographical markets outside of GPT’s home market of North America. However, these are typically larger custom products which are more impacted by the timing of shipments which favor some quarterly periods over others. Fewer of these custom systems were shipped during First Quarter 2016.

Cost of Sales. Cost of sales increased to $147,472,000 during First Quarter 2016 from $140,339,000 during First Quarter 2015. This increase of $7,133,000, or 5%, was due to increased sales volume and by a slightly lower gross margin percentage. The gross margin percentage was 31.6% during First Quarter 2016 compared with 32.2% during First Quarter 2015. This decrease is due to an unfavorable change in product mix resulting from the lower GPT revenues and due to higher overhead costs associated with the new production facility in Vietnam. These decreases were partially offset by greater coverage of fixed costs at the higher volume levels, and foreign currency impact on production expenses in Mexican Peso (“MXN”) and Ukraine Hryvania (“UAH”). Our manufacturing plants are located in the Ukraine, Macedonia, Mexico, Canada, China and Vietnam. As a result, our production labor costs are incurred in the local currency of each of those countries. During First Quarter 2016, MXN and UAH decreased in value as compared to the U.S. Dollar resulting in lower production costs.

Net Research and Development Expenses. Net research and development expenses were $15,696,000 during First Quarter 2016 compared to $14,548,000 in First Quarter 2015, an increase of $1,148,000, or 8%. This increase was primarily driven by higher costs for additional resources, including personnel, focused on application engineering for new production programs of existing products, development of new products and a program to develop the next generation of seat comfort products. New product development includes automotive heated and cooled storage devices, automotive interior thermal management devices, medical thermal management devices, battery thermal management devices and other potential products. These increases were partially offset by research and development reimbursement totaling $1,593,000 during First Quarter 2016 and $1,843,000 during First Quarter 2015. We expect that our research and development reimbursements as well as some related expenses will decrease during the year due to the expiration of our research program with the U.S. Department of Energy.

We classify development and prototype costs and related reimbursements as net research and development expenses. This is consistent with accounting standards applied in the automotive industry. Depreciation costs for tooling are included in cost of sales.

Selling, General and Administrative Expenses. Selling, general and administrative expenses decreased to $22,624,000 during First Quarter 2016 from $24,945,000 during First Quarter 2015, a decrease of $2,321,000, or 9%. The decrease in selling, general and administrative expenses was due to decreased management incentive compensation costs, partially by other cost increases including higher wages and benefits costs resulting from new employee hiring and merit increases including administrative costs associated with the new facility in Vietnam. Our management incentive program includes various forms of equity compensation including stock options, restricted stock and SARs. Stock options and restricted stock are accounted for using the equity method and are valued at the grant date fair value and amortized over the respective service period of the employee beneficiary. SARs are accounted for using the liability method since they are settled in cash which requires mark-to-market adjustments based on the current trading price of our Common Stock. Since the trading price of our Common Stock decreased during First Quarter 2016, we recorded SAR-related compensation benefit totaling $519,000 for the period as compared with an expense of $3,705,000 during First Quarter 2015, change that reduced our total selling, general and administrative expense by $4,224,000.

Income Tax Expense. We recorded an income tax expense of $15,845,000 during First Quarter 2016 which included the one-time withholding tax payment totaling $6,300,000 and other adjustments totaling $3,300,000 related to the Reorganization. Excluding this one-time expense and other adjustments, our income tax expense would have been $6,245,000 representing an effective tax rate of 23% on earnings before income tax of $27,738,000. During First Quarter 2015, we recorded an income tax expense of $6,359,000 representing an effective tax rate of 24% on earnings before income tax of $26,179,000. The effective tax rates for First Quarter 2016, excluding the one-time expense and other adjustments related to the Reorganization, and First Quarter 2015 were lower than the U.S. Federal rate of 34% primarily due to the impact of lower statutory rates for our subsidiaries operating in foreign jurisdictions.

Liquidity and Capital Resources

The Company has funded its financial needs primarily through cash flows from operating activities and equity and debt financings. Based on its current operating plan, management believes cash and cash equivalents at March 31, 2016, together with cash flows from operating activities, are sufficient to meet operating and capital expenditure needs, and to service debt, for the foreseeable future. However, if cash flows from operations decline, we may need to obtain alternative sources of capital and reduce or delay capital expenditures, acquisitions and investments, all of which could impede the implementation of our business strategy and adversely affect our results of operations and financial condition. In addition, it is likely that we will need to complete one or more equity or debt financings if we consummate any significant acquisitions. There can be no assurance that such capital will be available at all or on reasonable terms, which could adversely affect our future operations and business strategy.

On March 17, 2016 we completed a refinancing of our existing credit agreement. See Note 5 to the consolidated condensed financial statements for additional information about the amendments made to the credit agreement. Given our current cash reserves levels and strategic business plans, a portion of the outstanding revolving loan balances could be repaid prior to the due date of March 17, 2021.

The following table represents our cash and cash equivalents and short-term investments which are available for our business operations:

	March 31, 2016			December 31, 2015
	(in Thousands)
Cash and cash equivalents at beginning of period	$	144,479		$	85,700
Cash from operating activities		6,348			104,712
Cash used in investing activities		(16,992	)		(62,728	)
Cash from financing activities		72,930			24,426
Foreign currency effect on cash and cash equivalents		3,791			(7,631	)
Cash and cash equivalents at end of period	$	210,556		$	144,479

We manage our cash, cash equivalents and short-term investments in order to fund operating requirements and preserve liquidity to take advantage of future business opportunities. Cash and cash equivalents increased by $66,077,000 in First Quarter 2016. Cash provided by operating activities during First Quarter 2016 was $6,348,000 and was attributable to net income of $11,893,000, plus non-cash adjustments. Non-cash adjustments included depreciation and amortization of $8,164,000, stock compensation of $1,818,000, provision for doubtful accounts of $574,000 and other items. Partially offsetting these positive cash flows from operating activities was a loss on the revaluations of derivatives of $456,000, a net increase in net operating assets and liabilities of $10,546,000, including working capital items, and a deferred income tax benefit of $5,173,000.

As of March 31, 2016, working capital was $331,283,000 as compared to $276,825,000 at December 31, 2015, an increase of $54,458,000, or 19.7%. Aside from the impact of cash and cash equivalents, this increase was primarily related to increases in accounts receivable, inventory, prepaid expenses and other assets and net current derivative financial instrument assets totaling $21,906,000, $1,223,000, $1,628,000, $1,620,000, respectively. These increases in working capital were partially offset by an increase in accounts payable and accrued liabilities of $6,392,000 and $7,819,000, respectively. Working capital was also negatively impacted by an accrued income tax liability of approximately $32,000,000 described in the overview above. Accounts receivable primarily increased as a result of increases in product revenues, timing differences between when sales during First Quarter 2016 were realized compared with sales realized during the fourth quarter of 2015, as well as one-time delays associated with the billing entities involved in the North American reorganization. See Note 1 to the consolidated condensed financial statement for more information about the reorganization of our North America business. Working capital was also affected by changes in currency exchange rates, which generally resulted in decreased working capital.

Cash used in investing activities was $16,992,000 during First Quarter 2016, reflecting purchases of property and equipment and related to expansion of production capacity, including construction of new production facilities in Vietnam and Macedonia, and replacement of existing equipment.

Cash provided by financing activities was $72,930,000 during First Quarter 2016, reflecting proceeds borrowed against our credit agreement totaling $75,000,000. These proceeds were offset by payment of principal on the DEG China Loan totaling $446,000 in aggregate. Cash also was paid for cancellations of restricted stock awards and the payment of financing costs associated with the the amendment made to our credit agreement totaling $793,000 and $650,000, respectively. See Note 5 to the consolidated condensed financial statements included herein for information the amended credit agreement, DEG China Loan and DEG Vietnam Loan.

ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Our exposure to market risk for changes in interest rates relates primarily to our debt obligations and foreign currency contracts. We have in the past, and may in the future, place our investments in bank certificates of deposits, debt instruments of the U. S. government, and in high-quality corporate issuers.

The Company regularly enter into derivative contracts with the objective of managing our financial and operational exposure arising from these risks by offsetting gains and losses on the underlying exposures with gains and losses on the financial instruments used to hedge them. The maximum length of time over which we hedge our exposure to foreign currency exchange risks is one year. We had foreign currency derivative contracts with a notional value of $24,944,000 and $0 outstanding as of March 31, 2016 and December 31, 2015, respectively.

The maximum length of time over which we hedge our exposure to price fluctuations in material commodities is two years. We had copper commodity swap contracts with a notional value of $4,071,000 and $4,885,000 outstanding at March 31, 2016 and December 31, 2015, respectively.

The Company uses an income approach to value derivative instruments, analyzing quoted market prices to calculate the forward values and then discounts such forward values to the present value using benchmark rates at commonly quoted intervals for the instrument’s full term. Information related to the fair values of all derivative instruments in our consolidated condensed balance sheet as of March 31, 2016 is set forth in Note 6 to the consolidated condensed financial statements included herein.

Interest Rate Sensitivity

The table presents principal cash flows and related weighted average interest rates by expected maturity dates for each of the Company’s debt obligations. The information is presented in U.S. dollar equivalents, which is the Company’s reporting currency. The instruments actual cash flows are denominated in US dollars ($USD) or European Euros (€EUR), as indicated in parentheses.

March 31, 2016

	Expected Maturity Date
	2016			2017			2018			2019			2020			Thereafter			Total			Fair Value
	(In thousands except rate information)
Liabilities
Long Term Debt:
Fixed Rate (€EUR)	$	456		$	911		$	912		$	912		$	—			—		$	3,191		$	3,782
Fixed Interest Rate		4.25	%		4.25	%		4.25	%		4.25	%		4.25	%					4.25	%
Variable Rate (€EUR)	$	—			—			—			—			—			21,370		$	21,370		$	21,370
Average Interest Rate																	1.50	%		1.50	%
Variable Rate ($USD)	$	—			—			—			—			—			133,875		$	133,875		$	133,875
Average Interest Rate																	1.97	%		1.97	%
Fixed Rate ($USD)	$	—		$	1,250		$	2,500		$	2,500		$	2,500		$	6,250		$	15,000		$	15,543
Fixed Interest Rate					5.21	%		5.21	%		5.21	%		5.21	%		5.21	%		5.21	%

Exchange Rate Sensitivity

The table below provides information about the Company’s foreign currency forward exchange rate agreements that are sensitive to changes in foreign currency exchange rates. The table presents the notional amounts and weighted average exchange rates by expected (contractual) maturity dates for each type of foreign currency forward exchange agreement. These notional amounts generally are used to calculate the contractual payments to be exchanged under the contract.

March 31, 2016

	Expected Maturity or Transaction Date
Anticipated Transactions And Related Derivatives	2016		2017		2018		2019		2020		Thereafter		Total		Fair Value
	(In thousands except rate information)
$US functional currency
Forward Exchange Agreements:
(Receive MXN/Pay USD$)
Total Contract Amount ($)	$	24,944		—		—		—		—		—	$	24,944	$	1,293
Average Contract Rate		18.40												18.40

Commodity Price Sensitivity

The table below provides information about the Company’s futures contracts that are sensitive to changes in commodity prices, specifically copper prices. For the futures contracts the table presents the notional amounts in metric tons (MT), the weighted average contract prices, and the total dollar contract amount by expected maturity dates. Contract amounts are used to calculate the contractual payments and quantity of copper to be exchanged under the futures contracts.

March 31, 2016

	Carrying Amount			Fair Value
On Balance Sheet Commodity Position and Related Derivatives (in thousands)	$	(429	)	$	(429	)

	Expected Maturity
	2016			Fair Value
Related Derivatives
Futures Contracts (Long):
Contract Volumes (metric tons)		750
Weighted Average Price (per metric ton)	$	5,428
Contract Amount (in thousands) ($)	$	4,071		$	(429	)

ITEM 4.

CONTROLS AND PROCEDURES

(a) Evaluation of Disclosure Controls and Procedures

As of the end of the period covered by this quarterly report, we carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of March 31, 2016, our disclosure controls and procedures were effective to ensure the information required to be disclosed by us in reports that we file or submit under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized, and reported within the time periods prescribed by the Securities and Exchange Commission, and that such information is accumulated and communicated to management, including the Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

(b) Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting that occurred during the quarter ended March 31, 2016 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II OTHER INFORMATION

ITEM 1.

LEGAL PROCEEDINGS

We are subject to litigation from time to time in the ordinary course of business, however there is no current material pending litigation to which we are a party and no material legal proceeding was terminated, settled or otherwise resolved during the three months ended March 31, 2016.

ITEM 1A.

RISK FACTORS

There were no material changes in our risk factors previously disclosed in Part I, Item 1A “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2015. You should carefully consider the risks and uncertainties described therein.

ITEM 6.

EXHIBITS

Exhibits to this Report are as follows:

Incorporated by Reference

Exhibit
Number

Exhibit Description

Filed Herewith

Form

Period Ending

Exhibit /
Appendix Number

Filing Date

31.1

Section 302 Certification – CEO

31.2

Section 302 Certification – CFO

32.1

Section 906 Certification – CEO

32.2

Section 906 Certification – CFO

101.INS

XBRL Instance Document.

101.SCH

XBRL Taxonomy Extension Schema Document.

101.CAL

XBRL Taxonomy Extension Calculation Linkbase Document.

101.DEF

XBRL Taxonomy Extension Definition Linkbase Document.

101.LAB

XBRL Taxonomy Extension Label Linkbase Document.

101.PRE

XBRL Taxonomy Extension Presentation Linkbase Document.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Gentherm Incorporated

/s/ DANIEL R. COKER

Daniel R. Coker

Chief Executive Officer

(Duly Authorized Officer)

Date: April 29, 2016

/s/ BARRY G. STEELE

Barry G. Steele

Chief Financial Officer

(Principal Financial Officer and Principal Accounting Officer)

Date: April 29, 2016

EX-31.1 2 thrm-ex311_7.htm EX-31.1 thrm-ex311_7.htm

Exhibit 31.1

CHIEF EXECUTIVE OFFICER’S CERTIFICATION

I, Daniel R. Coker, certify that:

I have reviewed this quarterly report on Form 10-Q of Gentherm Incorporated;

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the issuer’s auditors and the audit committee of the issuer’s board of directors (or persons performing the equivalent functions):

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: April 29, 2016		/s/ Daniel R. Coker
		Daniel R. Coker
		President & Chief Executive Officer

EX-31.2 3 thrm-ex312_9.htm EX-31.2 thrm-ex312_9.htm

Exhibit 31.2

CHIEF FINANCIAL OFFICER’S CERTIFICATION

I, Barry G. Steele, certify that:

I have reviewed this quarterly report on Form 10-Q of Gentherm Incorporated;

(a)

(b)

(c)

(d)

(a)

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: April 29, 2016		/s/ Barry G. Steele
		Barry G. Steele
		Chief Financial Officer

EX-32.1 4 thrm-ex321_8.htm EX-32.1 thrm-ex321_8.htm

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Gentherm Incorporated (the “Company”) on Form 10-Q for the period ended March 31, 2016, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Daniel R. Coker, President and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

/s/ Daniel R. Coker

Daniel R. Coker

President and Chief Executive Officer

April 29, 2016

EX-32.2 5 thrm-ex322_6.htm EX-32.2 thrm-ex322_6.htm

Exhibit 32.2

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Gentherm Incorporated (the “Company”) on Form 10-Q for the period ended March 31, 2016, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Barry G. Steele, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

/s/ Barry G. Steele

Barry G. Steele

Chief Financial Officer

April 29, 2016

EX-101.INS 6 thrm-20160331.xml XBRL INSTANCE DOCUMENT shares iso4217:USD iso4217:USD shares pure 0000903129 2016-01-01 2016-03-31 0000903129 2016-04-28 0000903129 2016-03-31 0000903129 2015-12-31 0000903129 2015-01-01 2015-03-31 0000903129 2014-12-31 0000903129 2015-03-31 0000903129 us-gaap:CommonStockMember 2015-12-31 0000903129 us-gaap:AdditionalPaidInCapitalMember 2015-12-31 0000903129 us-gaap:RetainedEarningsMember 2015-12-31 0000903129 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2015-12-31 0000903129 us-gaap:CommonStockMember 2016-01-01 2016-03-31 0000903129 us-gaap:AdditionalPaidInCapitalMember 2016-01-01 2016-03-31 0000903129 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-01-01 2016-03-31 0000903129 us-gaap:RetainedEarningsMember 2016-01-01 2016-03-31 0000903129 us-gaap:CommonStockMember 2016-03-31 0000903129 us-gaap:AdditionalPaidInCapitalMember 2016-03-31 0000903129 us-gaap:RetainedEarningsMember 2016-03-31 0000903129 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-03-31 0000903129 us-gaap:SubsequentEventMember 2016-03-30 2016-04-01 0000903129 us-gaap:SubsequentEventMember thrm:CincinnatiSubZeroProductsLLCMember 2016-03-30 2016-04-01 0000903129 thrm:CincinnatiSubZeroProductsLLCMember 2015-01-01 2015-12-31 0000903129 thrm:CincinnatiSubZeroProductsLLCMember 2016-01-01 2016-03-31 0000903129 us-gaap:EmployeeStockOptionMember 2016-01-01 2016-03-31 0000903129 thrm:AutomotiveSegmentsMember 2016-03-31 0000903129 thrm:IndustrialSegmentsMember 2016-03-31 0000903129 thrm:AutomotiveSegmentsMember 2015-03-31 0000903129 thrm:IndustrialSegmentsMember 2015-03-31 0000903129 thrm:AutomotiveSegmentsMember us-gaap:OperatingSegmentsMember 2016-01-01 2016-03-31 0000903129 thrm:IndustrialSegmentsMember us-gaap:OperatingSegmentsMember 2016-01-01 2016-03-31 0000903129 us-gaap:MaterialReconcilingItemsMember 2016-01-01 2016-03-31 0000903129 thrm:AutomotiveSegmentsMember us-gaap:OperatingSegmentsMember 2015-01-01 2015-03-31 0000903129 thrm:IndustrialSegmentsMember us-gaap:OperatingSegmentsMember 2015-01-01 2015-03-31 0000903129 us-gaap:MaterialReconcilingItemsMember 2015-01-01 2015-03-31 0000903129 country:US 2016-01-01 2016-03-31 0000903129 country:KR 2016-01-01 2016-03-31 0000903129 country:DE 2016-01-01 2016-03-31 0000903129 country:CN 2016-01-01 2016-03-31 0000903129 country:JP 2016-01-01 2016-03-31 0000903129 country:CZ 2016-01-01 2016-03-31 0000903129 country:CA 2016-01-01 2016-03-31 0000903129 country:GB 2016-01-01 2016-03-31 0000903129 country:MX 2016-01-01 2016-03-31 0000903129 thrm:OtherCountriesMember 2016-01-01 2016-03-31 0000903129 us-gaap:NonUsMember 2016-01-01 2016-03-31 0000903129 country:US us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2016-01-01 2016-03-31 0000903129 country:KR us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2016-01-01 2016-03-31 0000903129 country:DE us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2016-01-01 2016-03-31 0000903129 country:CN us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2016-01-01 2016-03-31 0000903129 country:JP us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2016-01-01 2016-03-31 0000903129 country:CZ us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2016-01-01 2016-03-31 0000903129 country:CA us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2016-01-01 2016-03-31 0000903129 country:GB us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2016-01-01 2016-03-31 0000903129 country:MX us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2016-01-01 2016-03-31 0000903129 thrm:OtherCountriesMember us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2016-01-01 2016-03-31 0000903129 us-gaap:NonUsMember us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2016-01-01 2016-03-31 0000903129 us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2016-01-01 2016-03-31 0000903129 country:US 2015-01-01 2015-03-31 0000903129 country:KR 2015-01-01 2015-03-31 0000903129 country:DE 2015-01-01 2015-03-31 0000903129 country:CN 2015-01-01 2015-03-31 0000903129 country:JP 2015-01-01 2015-03-31 0000903129 country:CZ 2015-01-01 2015-03-31 0000903129 country:CA 2015-01-01 2015-03-31 0000903129 country:GB 2015-01-01 2015-03-31 0000903129 country:MX 2015-01-01 2015-03-31 0000903129 thrm:OtherCountriesMember 2015-01-01 2015-03-31 0000903129 us-gaap:NonUsMember 2015-01-01 2015-03-31 0000903129 country:US us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2015-01-01 2015-03-31 0000903129 country:KR us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2015-01-01 2015-03-31 0000903129 country:DE us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2015-01-01 2015-03-31 0000903129 country:CN us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2015-01-01 2015-03-31 0000903129 country:JP us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2015-01-01 2015-03-31 0000903129 country:CZ us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2015-01-01 2015-03-31 0000903129 country:CA us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2015-01-01 2015-03-31 0000903129 country:GB us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2015-01-01 2015-03-31 0000903129 country:MX us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2015-01-01 2015-03-31 0000903129 thrm:OtherCountriesMember us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2015-01-01 2015-03-31 0000903129 us-gaap:NonUsMember us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2015-01-01 2015-03-31 0000903129 us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2015-01-01 2015-03-31 0000903129 thrm:UnitedStateRevolvingNoteMember 2016-03-16 0000903129 thrm:UnitedStateRevolvingNoteMember 2016-03-17 0000903129 2016-03-17 0000903129 us-gaap:FederalFundsEffectiveSwapRateMember us-gaap:MinimumMember 2016-01-01 2016-03-31 0000903129 us-gaap:FederalFundsEffectiveSwapRateMember us-gaap:MaximumMember 2016-01-01 2016-03-31 0000903129 thrm:UnitedStateBankOfAmericaCreditFacilityMember 2016-01-01 2016-03-31 0000903129 us-gaap:MinimumMember thrm:EuroCurrencyRateLoansMember 2016-01-01 2016-03-31 0000903129 us-gaap:MaximumMember thrm:EuroCurrencyRateLoansMember 2016-01-01 2016-03-31 0000903129 us-gaap:LondonInterbankOfferedRateLIBORMember 2016-01-01 2016-03-31 0000903129 thrm:EuroCurrencyRateLoansMember us-gaap:ScenarioForecastMember 2016-03-18 2016-09-30 0000903129 thrm:BaseRateLoansMember us-gaap:ScenarioForecastMember 2016-03-18 2016-09-30 0000903129 thrm:EuroCurrencyRateLoansMember us-gaap:MinimumMember 2016-03-16 2016-03-17 0000903129 thrm:EuroCurrencyRateLoansMember us-gaap:MaximumMember 2016-03-16 2016-03-17 0000903129 thrm:BaseRateLoansMember us-gaap:MinimumMember 2016-03-16 2016-03-17 0000903129 thrm:BaseRateLoansMember us-gaap:MaximumMember 2016-03-16 2016-03-17 0000903129 thrm:DEGLoanMember 2016-01-01 2016-03-31 0000903129 thrm:DEGVietnamLoanMember 2016-01-01 2016-03-31 0000903129 thrm:UnitedStateRevolvingNoteMember 2016-03-31 0000903129 thrm:EuropeRevolvingNoteMember 2016-03-31 0000903129 thrm:DEGChinaLoanMember 2016-03-31 0000903129 thrm:DEGVietnamLoanMember 2016-03-31 0000903129 thrm:UnitedStateTermLoanMember 2015-12-31 0000903129 thrm:EuropeTermLoanMember 2015-12-31 0000903129 thrm:UnitedStateRevolvingNoteMember 2015-12-31 0000903129 thrm:DEGChinaLoanMember 2015-12-31 0000903129 thrm:DEGVietnamLoanMember 2015-12-31 0000903129 us-gaap:RevolvingCreditFacilityMember 2016-01-01 2016-03-31 0000903129 thrm:ForeignCurrencyDerivativesMember 2016-03-31 0000903129 thrm:ForeignCurrencyDerivativesMember 2015-12-31 0000903129 us-gaap:CommodityContractMember 2016-03-31 0000903129 us-gaap:CommodityContractMember 2015-12-31 0000903129 thrm:CurrentAssetsMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member 2016-03-31 0000903129 thrm:CurrentLiabilitiesMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CommodityContractMember us-gaap:FairValueInputsLevel2Member 2016-03-31 0000903129 us-gaap:CostOfSalesMember us-gaap:ForeignExchangeContractMember 2016-01-01 2016-03-31 0000903129 us-gaap:SellingGeneralAndAdministrativeExpensesMember us-gaap:ForeignExchangeContractMember 2016-01-01 2016-03-31 0000903129 us-gaap:OtherComprehensiveIncomeMember us-gaap:ForeignExchangeContractMember 2016-01-01 2016-03-31 0000903129 us-gaap:ForeignCurrencyGainLossMember us-gaap:ForeignExchangeContractMember 2016-01-01 2016-03-31 0000903129 us-gaap:CostOfSalesMember us-gaap:CommodityContractMember 2016-01-01 2016-03-31 0000903129 us-gaap:OtherComprehensiveIncomeMember us-gaap:CommodityContractMember 2016-01-01 2016-03-31 0000903129 us-gaap:CommodityContractMember 2016-01-01 2016-03-31 0000903129 thrm:RevaluationOfDerivativesMember us-gaap:ForeignExchangeContractMember 2015-01-01 2015-03-31 0000903129 us-gaap:CostOfSalesMember us-gaap:ForeignExchangeContractMember 2015-01-01 2015-03-31 0000903129 us-gaap:SellingGeneralAndAdministrativeExpensesMember us-gaap:ForeignExchangeContractMember 2015-01-01 2015-03-31 0000903129 us-gaap:OtherComprehensiveIncomeMember us-gaap:ForeignExchangeContractMember 2015-01-01 2015-03-31 0000903129 us-gaap:ForeignCurrencyGainLossMember us-gaap:ForeignExchangeContractMember 2015-01-01 2015-03-31 0000903129 us-gaap:CostOfSalesMember us-gaap:CommodityContractMember 2015-01-01 2015-03-31 0000903129 us-gaap:CommodityContractMember 2015-01-01 2015-03-31 0000903129 us-gaap:InterestRateSwapMember 2016-01-01 2016-03-31 0000903129 us-gaap:InterestRateSwapMember 2015-01-01 2015-03-31 0000903129 2015-01-01 2015-12-31 0000903129 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2015-12-31 0000903129 us-gaap:AccumulatedTranslationAdjustmentMember 2015-12-31 0000903129 thrm:AccumulatedCommodityHedgeDerivativesAdjustmentMember 2015-12-31 0000903129 us-gaap:AccumulatedTranslationAdjustmentMember 2016-01-01 2016-03-31 0000903129 thrm:AccumulatedCommodityHedgeDerivativesAdjustmentMember 2016-01-01 2016-03-31 0000903129 thrm:AccumulatedForeignCurrencyHedgeDerivativesMember 2016-01-01 2016-03-31 0000903129 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2016-03-31 0000903129 us-gaap:AccumulatedTranslationAdjustmentMember 2016-03-31 0000903129 thrm:AccumulatedCommodityHedgeDerivativesAdjustmentMember 2016-03-31 0000903129 thrm:AccumulatedForeignCurrencyHedgeDerivativesMember 2016-03-31 0000903129 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2014-12-31 0000903129 us-gaap:AccumulatedTranslationAdjustmentMember 2014-12-31 0000903129 thrm:AccumulatedForeignCurrencyHedgeDerivativesMember 2014-12-31 0000903129 us-gaap:AccumulatedTranslationAdjustmentMember 2015-01-01 2015-03-31 0000903129 thrm:AccumulatedCommodityHedgeDerivativesAdjustmentMember 2015-01-01 2015-03-31 0000903129 thrm:AccumulatedForeignCurrencyHedgeDerivativesMember 2015-01-01 2015-03-31 0000903129 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2015-03-31 0000903129 us-gaap:AccumulatedTranslationAdjustmentMember 2015-03-31 0000903129 thrm:AccumulatedCommodityHedgeDerivativesAdjustmentMember 2015-03-31 0000903129 thrm:AccumulatedForeignCurrencyHedgeDerivativesMember 2015-03-31 10-Q false 2016-03-31 2016 Q1 THRM GENTHERM INC 0000903129 --12-31 Large Accelerated Filer 36429697

210556000

144479000

161690000

142610000

53394000

50371000

4870000

4150000

28686000

29662000

86950000

84183000

1324000

7449000

6716000

45851000

42620000

513820000

420608000

131332000

119157000

28826000

27765000

47972000

48461000

931000

310000

25357000

22094000

38297000

8403000

786535000

646798000

84880000

77115000

96078000

60823000

912000

4909000

238000

211000

429000

725000

182537000

143783000

6811000

6545000

4485000

5026000

172524000

92832000

12865000

14321000

379222000

262507000

257401000

256919000

-920000 -1282000

-41385000

-51670000

192217000

180324000

407313000

384291000

786535000

646798000

1129000

955000

55000000

36407397

36321775

36407397

36321775

215714000

206909000

147472000

140339000

68242000

66570000

15696000

14548000

37000

22624000

24945000

38357000

39493000

29885000

27077000

-677000

-564000

-964000

-1835000

435000

365000

195000

27738000

26179000

15845000

6359000

11893000

19820000

0.33

0.55

0.33

0.55

36356973

35769190

36550863

36244695

7910000

-19605000

1293000

-347000

296000

76000

9499000

-19876000

-1242000

-467000

347000

109000

-89000

-786000

-556000

10285000

-19320000

22178000

500000

8164000

7459000

-5173000

-2483000

1818000

1358000

45000

-9000

574000

125000

456000

324000

-29000

8000

21906000

15994000

1223000

5762000

1628000

3905000

6392000

15522000

7819000

-6970000

6348000

8829000

47000

18000

181000

17010000

10403000

-16992000

-10269000

75000000

446000

1669000

-385000

650000

793000 467000

204000

2026000

72930000

-110000

3791000

-4569000

66077000

-6119000

85700000

79581000

9342000

14768000

458000

515000

984000

673000

256919000

-1282000

180324000

-51670000

36322000

291000

-87000

204000

14000

385000 385000 793000 793000 17000

834000

984000

88000

9152000

946000 946000 187000 187000

11893000

257401000

-920000

192217000

-41385000

36407000

<div> Note 1 – The Company and Subsequent Events Gentherm Incorporated is a global technology and industry leader in the design, development, and manufacturing of innovative thermal management technologies and automotive cable systems.  Unless the context otherwise requires, the terms “Company”, “we”, “us” and “our” used herein refer to Gentherm Incorporated and its consolidated subsidiaries. Our products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation and other consumer and industrial temperature control needs. Our products can be found on the vehicles of nearly all major automotive manufacturers operating in North America, Europe and Asia.  We operate in locations aligned with our major customers’ product strategies in order to provide locally enhanced design, integration and production capabilities and to identify future thermal technology product opportunities in both automotive and other markets.   We concentrate our research on the development of new technologies that will enable new products, improve overall effectiveness of existing products and maximize customer satisfaction.  We also focus on developing new design applications from our existing technologies to create new products and market opportunities for thermal comfort solutions.   On January 4, 2016 and January 5, 2016, the Company completed reorganization transactions (the “Reorganization”) related to our North American business (the “Windsor Operations”).  As part of our original integration plan to eliminate redundancies associated with the 2011 acquisition of Gentherm GmbH (formally named W.E.T. Automotive Systems AG), the Windsor Operations will be consolidated into our existing European and North American facilities.  As a result of the Reorganization, some of the business activities previously performed by the Windsor Operations will now be performed by other subsidiaries. Related to the Reorganization, the Company declared an intercompany dividend, incurred and paid a related withholding tax to the Canadian Revenue Agency and recorded a tax expense of approximately $6,300, during the first quarter of 2016.  Later during the quarter, a further intercompany dividend was declared and paid resulting in an additional $1,300 withholding tax being paid and expensed and the Company changed its assessment of the potential for further dividends and accrued and expensed, but did not pay, an estimated final withholding tax amount totaling $2,000.  This estimate is expected to cover the amount of all future intercompany dividends needed to distribute the remaining earnings of the subsidiary to its parent in conjunction with the final liquidation of the subsidiary.   In addition to the $9,600 in combined withholding taxes, the Reorganization will require the Company to make a one-time income tax payment of approximately $32,000.  The one-time income tax payment was accrued during the first quarter of 2016; however, the Company also recorded an offsetting deferred charge for approximately the same amount because the one-time income tax payment will result in tax deductions against income taxes in future periods. Therefore, the income tax payment did not have a material impact on the Company’s earnings during the first quarter of 2016 and is not expected to have a material impact in any future fiscal quarter.  The income tax payment will be paid during 2017 and is included in accrued liabilities as of March 31, 2016.  The deferred charge is included in other non-current assets as of March 31, 2016. Subsequent Events We have evaluated subsequent events through the date that our consolidated condensed financial statements are issued.  On April 1, 2016, we acquired all of the equity of privately-held Cincinnati Sub-Zero Products, LLC (“CSZ”) and related assets in an all-cash transaction for approximately $73,000, net of cash acquired.  Based in Cincinnati, Ohio, CSZ manufactures both high quality patient temperature systems for the health care industry and custom environmental text chambers used by a wide range of industrial manufacturing companies for product testing.  CSZ’s 2015 revenues were approximately $63,000.  For the three months ended March 31, 2016, CSZ’s revenues were approximately $16,000.</div>

<div>   Note 2 – Basis of Presentation and New Accounting Pronouncements The accompanying unaudited consolidated condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission.  Certain information and note disclosures normally included in the audited annual consolidated financial statements prepared in accordance with generally accepted accounting principles in the United States of America have been condensed or omitted pursuant to those rules and regulations.  In the opinion of management, all adjustments, consisting of normal recurring items, considered necessary for a fair presentation of our results of operations, financial position and cash flows have been included. The balance sheet as of December 31, 2015 was derived from audited annual consolidated financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America.  Certain reclassifications of prior year’s amounts have been made to conform with the current year’s presentation.  Operating results for the three months ended March 31, 2016 is not necessarily indicative of the results that may be expected for the year ending December 31, 2016. These consolidated condensed financial statements should be read in conjunction with the financial statements and the notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2015. Financial Instruments In January, 2016, the FASB issued ASU 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities”  ASU 2016-01 requires equity investments not accounted for under the equity method of accounting or result in consolidation of an investee, that have readily determinable fair values to be measured at fair value with changes in the fair value recognized in net income.  The update simplifies the impairment assessment for equity investments without readily determinable fair values by requiring assessment for impairment qualitatively, similar to the impairment assessment currently used for long-lived assets, goodwill and indefinite-lived intangible assets.  The amendments in this update also change the disclosure requirements for financial instruments, including eliminating the requirement to disclose the method and significant assumptions used to estimate the fair value for financial instruments measured at amortized costs on the balance sheet.   ASU 2016-01 is effective for fiscal years and interim periods beginning after December 15, 2017 and early adoption of the amendments in this update, in general, is not permitted.  ASU 2016-01 is not expected to significantly impact the Company.   Leases In February, 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).”  ASU 2016-02 requires lessees to recognize on their balance sheet a liability to make lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term. Payments to be made in optional periods should be included in the measurement of lease assets and liabilities if the lessee is reasonably certain it will exercise an option to extend the lease or not exercise an option to terminate the lease.  While ASU 2016-02 continues to differentiate between finance or capital leases and operating leases, the principal change from current lease accounting guidance is that lease assets and liabilities arising from operating leases should be recognized on the balance sheet.     ASU 2016-02 is effective for fiscal years and interim periods beginning after December 15, 2018. Early adoption of the amendments in this update is permitted.  Lessees are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach which includes a number of practical expedients, including the ability to use hindsight in evaluating lessee options to extend or terminate a lease.  An entity that elects to apply the practical expedients will be required to recognize a right-of-use asset and lease liability for all operating leases at each reporting date based on the present value of the remaining minimum rental payment that were tracked and disclosed under previous GAAP.  We are currently in the process of determining the impact the implementation of ASU 2016-02 will have on the Company’s financial statements.   Note 2 – Basis of Presentation and New Accounting Pronouncements – Continued Stock Compensation In March, 2016, the FASB issued ASU 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.”  ASU 2016-09 involves several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows.  Under the new standard, income tax benefits and deficiencies are to be recognized as income tax expense or benefit in the income statement and the tax effects of exercised or vested awards should be treated as discrete items in the reporting period in which they occur.  An entity should also recognize excess tax benefits regardless of whether the benefit reduces taxes payable in the current period.  Excess tax benefits should be classified along with other income tax cash flows as an operating activity.  In regards to forfeitures, the entity may make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest or account for forfeitures when they occur. ASU 2016-09 is effective for fiscal years and interim periods beginning after December 15, 2016. Early adoption of the amendments in this update is permitted. The Company is currently evaluating the guidance to determine the Company's adoption method and the effect it will have on the Company's Consolidated Financial Statements.  Revenue from Contracts with Customers In May, 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers.”  ASU 2014-09 was developed to enable financial statement users to better understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers.  The update’s core principal is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.  Companies are to use a five-step contract review model to ensure revenue gets recognized, measured and disclosed in accordance with this principle.   ASU 2014-09 was to be effective for fiscal years and interim periods beginning after December 15, 2016.  On July 9, 2015, the FASB decided to defer by one year the effective date for both public and nonpublic entities.  As a result, ASU 2014-09 is now effective for fiscal years and interim periods beginning after December 15, 2017.   The amendments in this update will be applied retrospectively either to each prior reporting period presented or to disclose the cumulative effect recognized at the date of initial application. Gentherm has developed a plan to complete the five-step contract review process for all existing contracts with customers.  We are currently in the process of determining the impact the implementation of ASU 2014-09 will have on the Company’s financial statements. Inventory – Simplifying the Measurement of Inventory In July, 2015, the FASB issued ASU 2015-11, “ Inventory (Topic 330) Simplifying the Measurement of Inventory.”  The update requires that inventory measured using any method other than last-in, first-out (LIFO) or the retail inventory method shall be measured at the lower of cost and net realizable value.   ASU 2015-11 is effective for fiscal years and interim periods beginning after December 15, 2016 and is not expected to significantly impact the Company. Balance Sheet Classification of Deferred Taxes In November, 2015, the FASB issued ASU 2015-17, “ Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes.”  ASU 2015-17 no longer requires an entity to separate deferred income tax liabilities and assets into current and noncurrent amounts on the balance sheet.  Instead, for each tax paying component and within each tax jurisdiction all deferred tax liabilities and assets, as well as related valuation allowance, shall be offset and presented as a single noncurrent amount.  Entities will continue to not offset deferred tax liabilities and assets attributable to different tax-paying components of the entity or to different tax jurisdictions.   ASU 2015-17 is effective for fiscal years and interim periods beginning after December 15, 2016, though earlier application is permitted.  The update can be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented.  We anticipate adoption of ASU 2015-17 will impact our presentation of deferred tax liabilities and assets on the consolidated condensed balance sheets.</div>

<div> Note 3 – Earnings per Share Basic earnings per share are computed by dividing net income by the weighted average number of shares of stock outstanding during the period. The Company’s diluted earnings per share give effect to all potential Common Stock outstanding during a period that do not have an anti-dilutive impact to the calculation. In computing the diluted earnings per share, the treasury stock method is used in determining the number of shares assumed to be issued from the exercise of Common Stock equivalents. The following summarizes the Common Stock included in the basic and diluted shares, as disclosed on the face of the consolidated condensed statements of income:   <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:92%;"> <tr> <td valign="bottom" style="width:66.24%;">  </td> <td colspan="6" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:32.42%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Three Months Ended March 31,</td> <td valign="bottom" style="width:1.34%;">  </td> </tr> <tr> <td valign="bottom" style="width:66.24%;">  </td> <td colspan="2" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:14.88%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2016</td> <td valign="bottom" style="width:1.34%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" style="width:1.34%; border-top:solid 0.75pt #000000;">  </td> <td colspan="2" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:14.88%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2015</td> <td valign="bottom" style="width:1.34%;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:66.24%;"> Weighted average number of shares for calculation of basic EPS</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.36%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:13.52%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">36,356,973</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.34%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.34%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.34%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:13.54%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">35,769,190 </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.34%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" style="width:66.24%; border-bottom:solid 0.75pt transparent;"> Stock options under equity incentive plans</td> <td valign="bottom" style="width:1.36%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" style="width:13.52%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">193,890</td> <td valign="bottom" style="width:1.34%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.34%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" style="width:1.34%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" style="width:13.54%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">475,505 </td> <td valign="bottom" style="width:1.34%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:66.24%; border-bottom:double 2.5pt transparent;"> Weighted average number of shares for calculation of diluted EPS</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.36%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:13.52%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">36,550,863</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.34%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.34%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.34%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:13.54%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">36,244,695 </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.34%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> </tr> </table></div> The accompanying table represents Common Stock issuable upon the exercise of certain stock options that have been excluded from the diluted earnings calculation because the effect of their inclusion would be anti-dilutive.   <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:92%;"> <tr> <td valign="bottom" style="width:66.2%;">  </td> <td colspan="6" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:32.4%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Three Months Ended March 31,</td> <td valign="bottom" style="width:1.48%;">  </td> </tr> <tr> <td valign="bottom" style="width:62.04%;">  </td> <td colspan="2" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:13.5%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2016</td> <td valign="bottom" style="width:1.52%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" style="width:1.5%; border-top:solid 0.75pt #000000;">  </td> <td colspan="2" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:13.5%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2015</td> <td valign="bottom" style="width:1.48%;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:62.04%; border-bottom:double 2.5pt transparent;"> Stock options outstanding for equity incentive plans</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.52%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:13.5%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,062,534</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.52%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.5%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.5%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:13.5%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.48%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> </tr> </table></div>  </div>

<div> 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: <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap">  </td> <td valign="top" style="width:3.33%;white-space:nowrap"> ●</td> <td valign="top"> 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.</td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap">  </td> <td valign="top" style="width:3.33%;white-space:nowrap"> ·</td> <td valign="top"> Industrial – the combined operating results of Gentherm Global Power Technologies (“GPT”) 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.</td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap">  </td> <td valign="top" style="width:3.33%;white-space:nowrap"> ●</td> <td valign="top"> Reconciling Items – include corporate selling, general and administrative costs and acquisition transaction costs. </td></tr></table></div> The tables below present segment information about the reported product revenues, depreciation and amortization and operating income (loss) of the Company for three month periods ended March 31, 2016 and 2015. 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, 2016, goodwill assigned to our Automotive and Industrial segments were $22,675 and $6,151, respectively. As of March 31, 2015, goodwill assigned to our Automotive and Industrial segments were $21,368 and $6,305, respectively.   Note 4 – Segment Reporting – Continued   <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:92%;"> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="width:43.5%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> Three Months Ended March 31,</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.1%;">   </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:11.96%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Automotive</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">   </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:11.96%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Industrial</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">   </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:11.96%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Reconciling Items</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:11.96%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Consolidated Total</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> </tr> <tr style="height:2.8pt;"> <td valign="bottom" bgcolor="#FFFFFF" style="width:43.5%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> </tr> <tr style="height:2.8pt;"> <td valign="bottom" bgcolor="#CFF0FC" style="width:43.5%;"> 2016:</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="width:43.5%;"> Product revenues</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;"> $</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">210,435</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;"> $</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5,279</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;"> $</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;"> $</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">215,714</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:43.5%;"> Depreciation and amortization</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7,283</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">390</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">491</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8,164</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="width:43.5%;"> Operating income (loss)</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">42,701</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(2,616</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(10,200</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">29,885</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:43.5%;"> 2015:</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="width:43.5%;"> Product revenues</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;"> $</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">199,443</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;"> $</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7,466</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;"> $</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;"> $</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">206,909</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;">  </td> </tr> <tr style="height:7.4pt;"> <td valign="bottom" bgcolor="#CFF0FC" style="width:43.5%;"> Depreciation and amortization</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6,316</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">489</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">654</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7,459</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="width:43.5%;"> Operating income (loss)</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">40,682</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(1,287</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(12,318</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">27,077</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;">  </td> </tr> </table></div> Total product revenues information by geographic area is as follows:   <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:92%;"> <tr> <td valign="bottom" style="width:44.76%;">  </td> <td colspan="14" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:53.22%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Three Months Ended March 31,</td> <td valign="bottom" style="width:2.02%;">  </td> </tr> <tr> <td valign="bottom" style="width:44.76%;">  </td> <td colspan="6" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:25.72%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2016</td> <td valign="bottom" style="width:1.84%;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td colspan="6" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:24.68%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2015</td> <td valign="bottom" style="width:2.02%;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:44.76%;"> United States</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.14%; border-top:solid 0.75pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.84%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">101,740</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%; border-top:solid 0.75pt #000000;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">47</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.84%;white-space:nowrap;"> %</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.16%; border-top:solid 0.75pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.84%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">95,304</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%; border-top:solid 0.75pt #000000;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:9.8%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">46</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:2.02%;white-space:nowrap;"> %</td> </tr> <tr> <td valign="bottom" style="width:44.76%;"> South Korea</td> <td valign="bottom" style="width:1.14%;">  </td> <td valign="bottom" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">19,096</td> <td valign="bottom" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">9</td> <td valign="bottom" style="width:1.84%;white-space:nowrap;"> %</td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:1.16%;">  </td> <td valign="bottom" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">22,863</td> <td valign="bottom" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:9.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">11</td> <td valign="bottom" style="width:2.02%;white-space:nowrap;"> %</td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:44.76%;"> Germany</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.14%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">18,167</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.84%;white-space:nowrap;"> %</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.16%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">18,840</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:9.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">9</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:2.02%;white-space:nowrap;"> %</td> </tr> <tr> <td valign="bottom" style="width:44.76%;"> China</td> <td valign="bottom" style="width:1.14%;">  </td> <td valign="bottom" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">17,422</td> <td valign="bottom" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8</td> <td valign="bottom" style="width:1.84%;white-space:nowrap;"> %</td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:1.16%;">  </td> <td valign="bottom" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">17,970</td> <td valign="bottom" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:9.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">9</td> <td valign="bottom" style="width:2.02%;white-space:nowrap;"> %</td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:44.76%;"> Japan</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.14%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12,234</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.84%;white-space:nowrap;"> %</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.16%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">11,185</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:9.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:2.02%;white-space:nowrap;"> %</td> </tr> <tr> <td valign="bottom" style="width:44.76%;"> Czech Republic</td> <td valign="bottom" style="width:1.14%;">  </td> <td valign="bottom" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">9,671</td> <td valign="bottom" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5</td> <td valign="bottom" style="width:1.84%;white-space:nowrap;"> %</td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:1.16%;">  </td> <td valign="bottom" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6,159</td> <td valign="bottom" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:9.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3</td> <td valign="bottom" style="width:2.02%;white-space:nowrap;"> %</td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:44.76%;"> Canada</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.14%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8,982</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.84%;white-space:nowrap;"> %</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.16%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5,485</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:9.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:2.02%;white-space:nowrap;"> %</td> </tr> <tr> <td valign="bottom" style="width:44.76%;"> United Kingdom</td> <td valign="bottom" style="width:1.14%;">  </td> <td valign="bottom" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6,667</td> <td valign="bottom" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3</td> <td valign="bottom" style="width:1.84%;white-space:nowrap;"> %</td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:1.16%;">  </td> <td valign="bottom" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6,988</td> <td valign="bottom" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:9.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3</td> <td valign="bottom" style="width:2.02%;white-space:nowrap;"> %</td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:44.76%;"> Mexico</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.14%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5,581</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.84%;white-space:nowrap;"> %</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.16%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5,433</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:9.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:2.02%;white-space:nowrap;"> %</td> </tr> <tr> <td valign="bottom" style="width:44.76%; border-bottom:solid 0.75pt transparent;"> Other</td> <td valign="bottom" style="width:1.14%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" style="width:10.84%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">16,154</td> <td valign="bottom" style="width:0.96%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="bottom" style="width:0.96%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" style="width:0.96%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" style="width:10.86%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7</td> <td valign="bottom" style="width:1.84%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> %</td> <td valign="bottom" style="width:0.96%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" style="width:1.16%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" style="width:10.84%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">16,682</td> <td valign="bottom" style="width:0.96%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="bottom" style="width:0.96%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" style="width:0.96%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" style="width:9.8%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8</td> <td valign="bottom" style="width:2.02%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> %</td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:44.76%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:36pt;;text-indent:-12.25pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Total Non U.S.</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.14%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.84%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">113,974</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">53</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.84%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> %</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.16%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.84%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">111,605</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:9.8%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">54</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:2.02%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> %</td> </tr> <tr style="height:3.3pt;"> <td valign="bottom" style="width:44.76%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:1.14%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" style="width:10.84%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">215,714</td> <td valign="bottom" style="width:0.96%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> <td valign="bottom" style="width:0.96%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:0.96%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;">  </td> <td valign="bottom" style="width:10.86%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">100</td> <td valign="bottom" style="width:1.84%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> %</td> <td valign="bottom" style="width:0.96%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:1.16%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" style="width:10.84%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">206,909</td> <td valign="bottom" style="width:0.96%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> <td valign="bottom" style="width:0.96%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:0.96%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;">  </td> <td valign="bottom" style="width:9.8%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">100</td> <td valign="bottom" style="width:2.02%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> %</td> </tr> </table></div>  </div>

<div> Note 5 – Debt Credit Agreement On March 17, 2016, the Company, together with certain direct and indirect subsidiaries, executed the Second Amendment to the Credit Agreement (the “Amended Credit Agreement”) with a consortium of lenders and Bank of America, N.A., as administrative agent.   The Amended Credit Agreement eliminated without penalty the U.S. Term and Europe Term Loans and increased the aggregate principal amount available for borrowing under the U.S. Revolving Note from $100,000 to $250,000.  New subsidiary borrowers and guarantors were added under the Amended Credit Agreement and related pledge and security agreement.  The security agreement grants a security interest in substantially all of the personal property of subsidiaries designated as borrowers to secure their respective obligations under the Amended Credit Agreement, including the stock and membership interests of specified subsidiaries (limited to 66% of the stock in the case of certain non-US subsidiaries).  The Amended Credit Agreement restricts the amount of dividend payments the Company can make to shareholders.   The Amended Credit Agreement replaced the Company’s requirement to maintain a minimum Consolidated Fixed Charge Coverage Ratio with a minimum Consolidated Interest Coverage Ratio. The Company must also maintain a maximum Consolidated Leverage Ratio.  Definitions for these financial ratios, and a description of modifications made to other covenants to which the Company and its subsidiaries are subject, are included in the Amended Credit Agreement.     Note 5 – Debt – Continued   Under the Amended Credit Agreement, U.S. Dollar denominated loans bear interest at either a base rate (“Base Rate”) or Eurocurrency rate (“Eurocurrency Rate”), plus a margin (“Applicable Rate”).   The Base Rate is equal to the highest of the Federal Fund Rate (0.25% at March 31, 2016) plus 0.50%, Bank of America’s prime rate (3.50% at March 31, 2016), or a one month Eurocurrency rate (0.00% at March 31, 2016) plus 1.00%. The Eurocurrency Rate for loans denominated in U.S. Dollars or European Euros is equal to the London Interbank Offered Rate (0.38% at March 31, 2016).   All loans denominated in a currency other than the U.S. Dollar must be Eurocurrency Rate Loans.  Interest is payable at least quarterly.   The Applicable Rate from the initial period of March 17, 2016 through the fiscal quarter ending September 30, 2016 is 1.50% per annum for Eurocurrency Rate Loans and 0.50% per annum for Base Rate Loans.  After the initial period, the Applicable Rate will vary based on the Consolidate Leverage Ratio reported by the Company.  As long as the Company is not in default of the terms and conditions of the Credit Agreement, the lowest and highest possible Applicable Rate is 1.25% and 2.00%, respectively, for Eurocurrency Rate Loans and 0.25% and 1.00%, respectively, for Base Rate Loans. The Company also has two fixed interest rate loans with the German Investment Corporation (“DEG”), a subsidiary of KfW Banking Group, a Germany government-owned development bank: DEG China Loan The first DEG loan, a loan we used to fund capital investments in China (the “DEG China Loan”), is subject to semi-annual principal payments beginning March, 2015 and ending September, 2019. Under the terms of the DEG China Loan, the Company must maintain a minimum Debt-to-Equity Ratio, Current Ratio and Debt Service Coverage Ratio, as defined by the DEG China Loan agreement, based on the financial statements of Gentherm’s wholly owned subsidiary, Gentherm Automotive Systems (China) Limited. DEG Vietnam Loan The Company’s second fixed interest rate loan agreement with DEG was used to finance the construction and set up of the Vietnam production facility (“DEG Vietnam Loan”). The DEG Vietnam Loan is subject to semi-annual principal payments beginning November, 2017 and ending May, 2023. Under the terms of the DEG Vietnam Loan, the Company must maintain a minimum Current Ratio, Equity Ratio and Enhanced Equity Ratio, as defined by the DEG Vietnam Loan agreement, based on the financial statements of Gentherm’s wholly owned subsidiary, Gentherm Vietnam Co. Ltd. The following table summarizes the Company’s debt at March 31, 2016 and at December 31, 2015.   <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:84%;"> <tr> <td valign="bottom" style="width:54.64%; border-bottom:solid 0.75pt transparent;">  </td> <td colspan="6" valign="bottom" style="width:29.02%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:8pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">March 31, 2016</td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:1.08%; border-bottom:solid 0.75pt transparent;">   </td> <td colspan="2" valign="bottom" style="width:13.06%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:8pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">December 31, 2015</td> <td valign="bottom" style="width:1.1%; border-bottom:solid 0.75pt transparent;">  </td> </tr> <tr> <td valign="bottom" style="width:54.64%; border-bottom:solid 0.75pt transparent;">  </td> <td colspan="2" valign="bottom" style="width:12.88%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Interest Rate</td> <td valign="bottom" style="width:2%;">  </td> <td valign="bottom" style="width:1.08%; border-bottom:solid 0.75pt transparent;">  </td> <td colspan="2" valign="bottom" style="width:13.06%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Principal Balance</td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:1.08%;">   </td> <td colspan="2" valign="bottom" style="width:13.06%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Principal Balance</td> <td valign="bottom" style="width:1.1%; border-bottom:solid 0.75pt transparent;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:54.64%;"> Credit Agreement:</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:2%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.26%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.26%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.1%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" style="width:54.64%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:36pt;;text-indent:-12.25pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">U.S. Term Loan</td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:11.8%;">  </td> <td valign="bottom" style="width:2%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:1.26%;"> $</td> <td valign="bottom" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:1.26%;"> $</td> <td valign="bottom" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">46,875</td> <td valign="bottom" style="width:1.1%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:54.64%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:36pt;;text-indent:-12.25pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Europe Term Loan</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:2%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.26%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.26%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">20,369</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.1%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" style="width:54.64%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:36pt;;text-indent:-12.25pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Revolving Note (U.S. Dollar Denominations)</td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.97</td> <td valign="bottom" style="width:2%;white-space:nowrap;"> %</td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:1.26%;">  </td> <td valign="bottom" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">133,875</td> <td valign="bottom" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:1.26%;">  </td> <td valign="bottom" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12,000</td> <td valign="bottom" style="width:1.1%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:54.64%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:36pt;;text-indent:-12.25pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Revolving Note (Euro Denominations)</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.50</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:2%;white-space:nowrap;"> %</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.26%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">21,370</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.26%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.1%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" style="width:54.64%;"> DEG China Loan</td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.25</td> <td valign="bottom" style="width:2%;white-space:nowrap;"> %</td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:1.26%;">  </td> <td valign="bottom" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3,191</td> <td valign="bottom" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:1.26%;">  </td> <td valign="bottom" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3,497 </td> <td valign="bottom" style="width:1.1%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:54.64%;"> DEG Vietnam Loan</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5.21</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:2%;white-space:nowrap;"> %</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.26%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">15,000</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.26%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">15,000</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.1%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" style="width:54.64%;"> Total debt</td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:11.8%;">  </td> <td valign="bottom" style="width:2%;">  </td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:1.26%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" style="width:11.8%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">173,436</td> <td valign="bottom" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:1.26%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" style="width:11.8%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">97,741 </td> <td valign="bottom" style="width:1.1%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:54.64%; border-bottom:solid 0.75pt transparent;"> Current portion</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:2%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.26%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(912</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.26%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(4,909 </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> )</td> </tr> <tr> <td valign="bottom" style="width:54.64%; border-bottom:double 2.5pt transparent;"> Long-term debt, less current maturities</td> <td valign="bottom" style="width:1.08%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:11.8%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:2%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:1.08%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:1.26%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" style="width:11.8%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">172,524</td> <td valign="bottom" style="width:1.08%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.08%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:1.26%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" style="width:11.8%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">92,832 </td> <td valign="bottom" style="width:1.1%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> </tr> </table></div>   Note 5 – Debt – Continued   The scheduled principal maturities of our debt as of March 31, 2016 is as follows:   <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:93%;"> <tr> <td valign="bottom" style="width:auto; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Year</td> <td valign="bottom" style="width:1.06%; border-bottom:solid 0.75pt transparent;">  </td> <td colspan="2" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:9.1%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Revolving Note       (U.S. Dollar)</td> <td valign="bottom" style="width:1.06%;">  </td> <td valign="bottom" style="width:1.04%; border-bottom:solid 0.75pt transparent;">  </td> <td colspan="2" valign="bottom" style="width:9.1%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Revolving Note       (Euro)</td> <td valign="top" style="width:1.06%;">  </td> <td valign="bottom" style="width:1.06%;">  </td> <td colspan="2" valign="top" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:9.1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">DEG China Note</td> <td valign="bottom" style="width:1.06%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" style="width:1.06%;">  </td> <td colspan="2" valign="top" style="width:9.02%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">DEG Vietnam Note</td> <td valign="bottom" style="width:1.06%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" style="width:1.06%; border-bottom:solid 0.75pt transparent;">  </td> <td colspan="2" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:9%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Total</td> <td valign="bottom" style="width:1.2%;">   </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:auto; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:12pt;;text-indent:-12.25pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2016</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.1%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.04%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.1%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="top" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.1%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">456</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.02%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">456</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.2%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" style="width:auto;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:12pt;;text-indent:-12.25pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2017</td> <td valign="bottom" style="width:1.06%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.04%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="top" style="width:1.06%;">  </td> <td valign="bottom" style="width:1.06%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">911</td> <td valign="bottom" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.06%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8.02%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,250</td> <td valign="bottom" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.06%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2,161</td> <td valign="bottom" style="width:1.2%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:auto;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:12pt;;text-indent:-12.25pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2018</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.04%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="top" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">912</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.02%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2,500</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3,412</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.2%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" style="width:auto;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:12pt;;text-indent:-12.25pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2019</td> <td valign="bottom" style="width:1.06%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.04%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="top" style="width:1.06%;">  </td> <td valign="bottom" style="width:1.06%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">912</td> <td valign="bottom" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.06%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8.02%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2,500</td> <td valign="bottom" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.06%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3,412</td> <td valign="bottom" style="width:1.2%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:auto;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:12pt;;text-indent:-12.25pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2020</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.04%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="top" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.02%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2,500</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2,500</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.2%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" style="width:auto;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:12pt;;text-indent:-12.25pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2021</td> <td valign="bottom" style="width:1.06%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">133,875</td> <td valign="bottom" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.04%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">21,370</td> <td valign="top" style="width:1.06%;">  </td> <td valign="bottom" style="width:1.06%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.06%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8.02%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2,500</td> <td valign="bottom" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.06%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">157,745</td> <td valign="bottom" style="width:1.2%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:auto; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:12pt;;text-indent:-12.25pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Thereafter</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.1%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.04%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.1%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="top" bgcolor="#CFF0FC" style="width:1.06%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.1%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.02%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3,750</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3,750</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.2%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" style="width:auto; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:36pt;;text-indent:-12.25pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Total</td> <td valign="bottom" style="width:1.06%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" style="width:8.1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">133,875</td> <td valign="bottom" style="width:1.06%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.04%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" style="width:8.1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">21,370</td> <td valign="top" style="width:1.06%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:1.06%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" style="width:8.1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3,191</td> <td valign="bottom" style="width:1.06%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.06%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" style="width:8.02%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">15,000</td> <td valign="bottom" style="width:1.06%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.06%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" style="width:8%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">173,436</td> <td valign="bottom" style="width:1.2%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> </tr> </table></div> Principal outstanding under the Revolving Note will be due and payable in full on March 17, 2021. As of March 31, 2016, we were in compliance with all terms as outlined in the Amended Credit Agreement, DEG China Loan and DEG Vietnam Loan.</div>

<div> Note 8 – Reclassifications Out of Accumulated Other Comprehensive Income (Loss) Reclassification adjustments and other activities impacting accumulated other comprehensive income (loss) during the three months ended March 31, 2016 and March 31, 2015 are as follows:   <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;"> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="width:35.02%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">   </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:11.08%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Defined Benefit Pension Plans</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">   </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:11%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Foreign Currency Translation Adjustments</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">   </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:11%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Commodity Hedge Derivatives</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:11%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Foreign Currency Hedge Derivatives</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:1%;">  </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="width:11%; border-bottom:solid 0.75pt #000000;">     <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Total</td> <td valign="top" bgcolor="#FFFFFF" style="width:0.92%;">  </td> </tr> <tr style="height:2.8pt;"> <td valign="bottom" bgcolor="#CFF0FC" style="width:35.02%;"> Balance at December 31, 2015</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.08%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(2,060</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(49,381</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(229</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:1%;"> $</td> <td valign="top" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(51,670</td> <td valign="top" bgcolor="#CFF0FC" style="width:0.92%;"> )</td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="width:35.02%;"> Other comprehensive income (loss) before reclassifications</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.08%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7,910</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">114</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,293</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:10%;">   <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">9,317</td> <td valign="top" bgcolor="#FFFFFF" style="width:0.92%;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:35.02%;"> Income tax effect of other comprehensive income (loss) before reclassifications</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.08%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,242</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(42</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(347</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;white-space:nowrap;"> )</td> <td valign="top" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:10%;">   <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">853</td> <td valign="top" bgcolor="#CFF0FC" style="width:0.92%;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="width:35.02%;"> Amounts reclassified from accumulated other comprehensive income (loss) into net income</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.08%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">182</td> <td valign="middle" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">   a</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:10%;">     <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">182</td> <td valign="top" bgcolor="#FFFFFF" style="width:0.92%;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:35.02%; border-bottom:solid 0.75pt transparent;"> Income taxes reclassified into net income</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.08%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(67</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:10%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(67</td> <td valign="top" bgcolor="#CFF0FC" style="width:0.92%; border-bottom:solid 0.75pt transparent;"> )</td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="width:35.02%; border-bottom:solid 0.75pt transparent;"> Net current period other comprehensive income (loss)</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.08%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">9,152</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">187</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">946</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">   <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10,285</td> <td valign="top" bgcolor="#FFFFFF" style="width:0.92%; border-bottom:solid 0.75pt transparent;">  </td> </tr> <tr style="height:7.4pt;"> <td valign="bottom" bgcolor="#CFF0FC" style="width:35.02%; border-bottom:double 2.5pt transparent;"> Balance at March 31, 2016</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.08%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(2,060</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(40,229</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(42</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">946</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="top" bgcolor="#CFF0FC" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(41,385</td> <td valign="top" bgcolor="#CFF0FC" style="width:0.92%; border-bottom:double 2.5pt transparent;"> )</td> </tr> </table></div>   <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> (a)</td> <td valign="top"> The amounts reclassified from  accumulated other comprehensive income are included in cost of sales.</td></tr></table></div>   Note 8 – Reclassifications Out of Accumulated Other Comprehensive Income (Loss) – Continued   <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;"> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="width:35.02%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">   </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:11.18%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Defined Benefit Pension Plans</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">   </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:11%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Foreign Currency Translation Adjustments</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">   </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:11%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Commodity Hedge Derivatives</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:11%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Foreign Currency Hedge Derivatives</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="top" bgcolor="#FFFFFF" style="width:1%;">  </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="width:11%; border-bottom:solid 0.75pt #000000;">     <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Total</td> <td valign="top" bgcolor="#FFFFFF" style="width:0.8%;">  </td> </tr> <tr style="height:2.8pt;"> <td valign="bottom" bgcolor="#CFF0FC" style="width:35.02%;"> Balance at December 31, 2014</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.18%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(2,673</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(23,060</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(10</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(25,743</td> <td valign="top" bgcolor="#CFF0FC" style="width:0.8%;"> )</td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="width:35.02%;"> Other comprehensive income (loss) before reclassifications</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.18%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(19,605</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">76</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(357</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;"> )</td> <td valign="top" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:10%;">   <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(19,886</td> <td valign="top" bgcolor="#FFFFFF" style="width:0.8%;">   <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:35.02%;"> Income tax effect of other comprehensive income (loss) before reclassifications</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.18%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">467</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">89</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;white-space:nowrap;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:10%;">   <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">556</td> <td valign="top" bgcolor="#CFF0FC" style="width:0.8%;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="width:35.02%;"> Amounts reclassified from accumulated other comprehensive income (loss) into net income</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.18%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10</td> <td valign="middle" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">   a</td> <td valign="top" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:10%;">     <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10</td> <td valign="top" bgcolor="#FFFFFF" style="width:0.8%;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:35.02%; border-bottom:solid 0.75pt transparent;"> Income taxes reclassified into net income</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.18%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:10%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="top" bgcolor="#CFF0FC" style="width:0.8%; border-bottom:solid 0.75pt transparent;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="width:35.02%; border-bottom:solid 0.75pt transparent;"> Net current period other comprehensive income (loss)</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.18%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(19,138</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">76</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(258</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> )</td> <td valign="top" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(19,320</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:0.8%; border-bottom:solid 0.75pt transparent;"> )</td> </tr> <tr style="height:7.4pt;"> <td valign="bottom" bgcolor="#CFF0FC" style="width:35.02%; border-bottom:double 2.5pt transparent;"> Balance at March 31, 2015</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.18%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(2,673</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(42,198</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">76</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(268</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> )</td> <td valign="top" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="top" bgcolor="#CFF0FC" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(45,063</td> <td valign="top" bgcolor="#CFF0FC" style="width:0.8%; border-bottom:double 2.5pt transparent;"> )</td> </tr> </table></div>   <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> (a)</td> <td valign="top"> The amounts reclassified from  accumulated other comprehensive income are included in cost of sales.</td></tr></table></div> We expect all of the existing gains and losses related to foreign currency and commodity derivatives reported in accumulated other comprehensive income as of March 31, 2016 to be reclassified into earning during the twelve month period ending December 31, 2016.</div>

<div> Leases In February, 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).”  ASU 2016-02 requires lessees to recognize on their balance sheet a liability to make lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term. Payments to be made in optional periods should be included in the measurement of lease assets and liabilities if the lessee is reasonably certain it will exercise an option to extend the lease or not exercise an option to terminate the lease.  While ASU 2016-02 continues to differentiate between finance or capital leases and operating leases, the principal change from current lease accounting guidance is that lease assets and liabilities arising from operating leases should be recognized on the balance sheet.     ASU 2016-02 is effective for fiscal years and interim periods beginning after December 15, 2018. Early adoption of the amendments in this update is permitted.  Lessees are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach which includes a number of practical expedients, including the ability to use hindsight in evaluating lessee options to extend or terminate a lease.  An entity that elects to apply the practical expedients will be required to recognize a right-of-use asset and lease liability for all operating leases at each reporting date based on the present value of the remaining minimum rental payment that were tracked and disclosed under previous GAAP.  We are currently in the process of determining the impact the implementation of ASU 2016-02 will have on the Company’s financial statements. </div>

<div> Stock Compensation In March, 2016, the FASB issued ASU 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.”  ASU 2016-09 involves several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows.  Under the new standard, income tax benefits and deficiencies are to be recognized as income tax expense or benefit in the income statement and the tax effects of exercised or vested awards should be treated as discrete items in the reporting period in which they occur.  An entity should also recognize excess tax benefits regardless of whether the benefit reduces taxes payable in the current period.  Excess tax benefits should be classified along with other income tax cash flows as an operating activity.  In regards to forfeitures, the entity may make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest or account for forfeitures when they occur. ASU 2016-09 is effective for fiscal years and interim periods beginning after December 15, 2016. Early adoption of the amendments in this update is permitted. The Company is currently evaluating the guidance to determine the Company's adoption method and the effect it will have on the Company's Consolidated Financial Statements. </div>

<div> Revenue from Contracts with Customers In May, 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers.”  ASU 2014-09 was developed to enable financial statement users to better understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers.  The update’s core principal is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.  Companies are to use a five-step contract review model to ensure revenue gets recognized, measured and disclosed in accordance with this principle.   ASU 2014-09 was to be effective for fiscal years and interim periods beginning after December 15, 2016.  On July 9, 2015, the FASB decided to defer by one year the effective date for both public and nonpublic entities.  As a result, ASU 2014-09 is now effective for fiscal years and interim periods beginning after December 15, 2017.   The amendments in this update will be applied retrospectively either to each prior reporting period presented or to disclose the cumulative effect recognized at the date of initial application. Gentherm has developed a plan to complete the five-step contract review process for all existing contracts with customers.  We are currently in the process of determining the impact the implementation of ASU 2014-09 will have on the Company’s financial statements.</div>

<div> Inventory – Simplifying the Measurement of Inventory In July, 2015, the FASB issued ASU 2015-11, “ Inventory (Topic 330) Simplifying the Measurement of Inventory.”  The update requires that inventory measured using any method other than last-in, first-out (LIFO) or the retail inventory method shall be measured at the lower of cost and net realizable value.   ASU 2015-11 is effective for fiscal years and interim periods beginning after December 15, 2016 and is not expected to significantly impact the Company.</div> <div> Balance Sheet Classification of Deferred Taxes In November, 2015, the FASB issued ASU 2015-17, “ Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes.”  ASU 2015-17 no longer requires an entity to separate deferred income tax liabilities and assets into current and noncurrent amounts on the balance sheet.  Instead, for each tax paying component and within each tax jurisdiction all deferred tax liabilities and assets, as well as related valuation allowance, shall be offset and presented as a single noncurrent amount.  Entities will continue to not offset deferred tax liabilities and assets attributable to different tax-paying components of the entity or to different tax jurisdictions.   ASU 2015-17 is effective for fiscal years and interim periods beginning after December 15, 2016, though earlier application is permitted.  The update can be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented.  We anticipate adoption of ASU 2015-17 will impact our presentation of deferred tax liabilities and assets on the consolidated condensed balance sheets.</div>

<div> The following summarizes the Common Stock included in the basic and diluted shares, as disclosed on the face of the consolidated condensed statements of income:   <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:92%;"> <tr> <td valign="bottom" style="width:66.24%;">  </td> <td colspan="6" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:32.42%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Three Months Ended March 31,</td> <td valign="bottom" style="width:1.34%;">  </td> </tr> <tr> <td valign="bottom" style="width:66.24%;">  </td> <td colspan="2" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:14.88%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2016</td> <td valign="bottom" style="width:1.34%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" style="width:1.34%; border-top:solid 0.75pt #000000;">  </td> <td colspan="2" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:14.88%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2015</td> <td valign="bottom" style="width:1.34%;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:66.24%;"> Weighted average number of shares for calculation of basic EPS</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.36%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:13.52%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">36,356,973</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.34%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.34%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.34%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:13.54%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">35,769,190 </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.34%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" style="width:66.24%; border-bottom:solid 0.75pt transparent;"> Stock options under equity incentive plans</td> <td valign="bottom" style="width:1.36%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" style="width:13.52%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">193,890</td> <td valign="bottom" style="width:1.34%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.34%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" style="width:1.34%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" style="width:13.54%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">475,505 </td> <td valign="bottom" style="width:1.34%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:66.24%; border-bottom:double 2.5pt transparent;"> Weighted average number of shares for calculation of diluted EPS</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.36%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:13.52%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">36,550,863</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.34%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.34%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.34%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:13.54%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">36,244,695 </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.34%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> </tr> </table></div>  </div>

<div> The accompanying table represents Common Stock issuable upon the exercise of certain stock options that have been excluded from the diluted earnings calculation because the effect of their inclusion would be anti-dilutive.   <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:92%;"> <tr> <td valign="bottom" style="width:66.2%;">  </td> <td colspan="6" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:32.4%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Three Months Ended March 31,</td> <td valign="bottom" style="width:1.48%;">  </td> </tr> <tr> <td valign="bottom" style="width:62.04%;">  </td> <td colspan="2" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:13.5%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2016</td> <td valign="bottom" style="width:1.52%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" style="width:1.5%; border-top:solid 0.75pt #000000;">  </td> <td colspan="2" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:13.5%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2015</td> <td valign="bottom" style="width:1.48%;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:62.04%; border-bottom:double 2.5pt transparent;"> Stock options outstanding for equity incentive plans</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.52%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:13.5%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,062,534</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.52%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.5%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.5%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:13.5%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.48%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> </tr> </table></div>  </div>

<div> The tables below present segment information about the reported product revenues, depreciation and amortization and operating income (loss) of the Company for three month periods ended March 31, 2016 and 2015. 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, 2016, goodwill assigned to our Automotive and Industrial segments were $22,675 and $6,151, respectively. As of March 31, 2015, goodwill assigned to our Automotive and Industrial segments were $21,368 and $6,305, respectively. Note 4 – Segment Reporting – Continued   <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:92%;"> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="width:43.5%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> Three Months Ended March 31,</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.1%;">   </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:11.96%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Automotive</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">   </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:11.96%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Industrial</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">   </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:11.96%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Reconciling Items</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:11.96%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Consolidated Total</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> </tr> <tr style="height:2.8pt;"> <td valign="bottom" bgcolor="#FFFFFF" style="width:43.5%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> </tr> <tr style="height:2.8pt;"> <td valign="bottom" bgcolor="#CFF0FC" style="width:43.5%;"> 2016:</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="width:43.5%;"> Product revenues</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;"> $</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">210,435</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;"> $</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5,279</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;"> $</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;"> $</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">215,714</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:43.5%;"> Depreciation and amortization</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7,283</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">390</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">491</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8,164</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="width:43.5%;"> Operating income (loss)</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">42,701</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(2,616</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(10,200</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">29,885</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:43.5%;"> 2015:</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="width:43.5%;"> Product revenues</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;"> $</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">199,443</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;"> $</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7,466</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;"> $</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;"> $</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">206,909</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;">  </td> </tr> <tr style="height:7.4pt;"> <td valign="bottom" bgcolor="#CFF0FC" style="width:43.5%;"> Depreciation and amortization</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6,316</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">489</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">654</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7,459</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="width:43.5%;"> Operating income (loss)</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">40,682</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(1,287</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(12,318</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">27,077</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1.08%;white-space:nowrap;">  </td> </tr> </table></div>  </div>

<div> Total product revenues information by geographic area is as follows:   <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:92%;"> <tr> <td valign="bottom" style="width:44.76%;">  </td> <td colspan="14" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:53.22%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Three Months Ended March 31,</td> <td valign="bottom" style="width:2.02%;">  </td> </tr> <tr> <td valign="bottom" style="width:44.76%;">  </td> <td colspan="6" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:25.72%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2016</td> <td valign="bottom" style="width:1.84%;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td colspan="6" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:24.68%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">2015</td> <td valign="bottom" style="width:2.02%;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:44.76%;"> United States</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.14%; border-top:solid 0.75pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.84%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">101,740</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%; border-top:solid 0.75pt #000000;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">47</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.84%;white-space:nowrap;"> %</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.16%; border-top:solid 0.75pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.84%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">95,304</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%; border-top:solid 0.75pt #000000;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:9.8%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">46</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:2.02%;white-space:nowrap;"> %</td> </tr> <tr> <td valign="bottom" style="width:44.76%;"> South Korea</td> <td valign="bottom" style="width:1.14%;">  </td> <td valign="bottom" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">19,096</td> <td valign="bottom" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">9</td> <td valign="bottom" style="width:1.84%;white-space:nowrap;"> %</td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:1.16%;">  </td> <td valign="bottom" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">22,863</td> <td valign="bottom" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:9.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">11</td> <td valign="bottom" style="width:2.02%;white-space:nowrap;"> %</td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:44.76%;"> Germany</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.14%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">18,167</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.84%;white-space:nowrap;"> %</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.16%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">18,840</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:9.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">9</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:2.02%;white-space:nowrap;"> %</td> </tr> <tr> <td valign="bottom" style="width:44.76%;"> China</td> <td valign="bottom" style="width:1.14%;">  </td> <td valign="bottom" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">17,422</td> <td valign="bottom" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8</td> <td valign="bottom" style="width:1.84%;white-space:nowrap;"> %</td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:1.16%;">  </td> <td valign="bottom" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">17,970</td> <td valign="bottom" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:9.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">9</td> <td valign="bottom" style="width:2.02%;white-space:nowrap;"> %</td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:44.76%;"> Japan</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.14%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12,234</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.84%;white-space:nowrap;"> %</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.16%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">11,185</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:9.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:2.02%;white-space:nowrap;"> %</td> </tr> <tr> <td valign="bottom" style="width:44.76%;"> Czech Republic</td> <td valign="bottom" style="width:1.14%;">  </td> <td valign="bottom" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">9,671</td> <td valign="bottom" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5</td> <td valign="bottom" style="width:1.84%;white-space:nowrap;"> %</td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:1.16%;">  </td> <td valign="bottom" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6,159</td> <td valign="bottom" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:9.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3</td> <td valign="bottom" style="width:2.02%;white-space:nowrap;"> %</td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:44.76%;"> Canada</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.14%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8,982</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.84%;white-space:nowrap;"> %</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.16%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5,485</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:9.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:2.02%;white-space:nowrap;"> %</td> </tr> <tr> <td valign="bottom" style="width:44.76%;"> United Kingdom</td> <td valign="bottom" style="width:1.14%;">  </td> <td valign="bottom" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6,667</td> <td valign="bottom" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3</td> <td valign="bottom" style="width:1.84%;white-space:nowrap;"> %</td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:1.16%;">  </td> <td valign="bottom" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6,988</td> <td valign="bottom" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:0.96%;">  </td> <td valign="bottom" style="width:9.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3</td> <td valign="bottom" style="width:2.02%;white-space:nowrap;"> %</td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:44.76%;"> Mexico</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.14%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5,581</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.84%;white-space:nowrap;"> %</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.16%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.84%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5,433</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:9.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:2.02%;white-space:nowrap;"> %</td> </tr> <tr> <td valign="bottom" style="width:44.76%; border-bottom:solid 0.75pt transparent;"> Other</td> <td valign="bottom" style="width:1.14%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" style="width:10.84%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">16,154</td> <td valign="bottom" style="width:0.96%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="bottom" style="width:0.96%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" style="width:0.96%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" style="width:10.86%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7</td> <td valign="bottom" style="width:1.84%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> %</td> <td valign="bottom" style="width:0.96%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" style="width:1.16%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" style="width:10.84%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">16,682</td> <td valign="bottom" style="width:0.96%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="bottom" style="width:0.96%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" style="width:0.96%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" style="width:9.8%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">8</td> <td valign="bottom" style="width:2.02%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> %</td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:44.76%; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:36pt;;text-indent:-12.25pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Total Non U.S.</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.14%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.84%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">113,974</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.86%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">53</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.84%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> %</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.16%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.84%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">111,605</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:0.96%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:9.8%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">54</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:2.02%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> %</td> </tr> <tr style="height:3.3pt;"> <td valign="bottom" style="width:44.76%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:1.14%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" style="width:10.84%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">215,714</td> <td valign="bottom" style="width:0.96%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> <td valign="bottom" style="width:0.96%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:0.96%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;">  </td> <td valign="bottom" style="width:10.86%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">100</td> <td valign="bottom" style="width:1.84%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> %</td> <td valign="bottom" style="width:0.96%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:1.16%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" style="width:10.84%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">206,909</td> <td valign="bottom" style="width:0.96%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> <td valign="bottom" style="width:0.96%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:0.96%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;">  </td> <td valign="bottom" style="width:9.8%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">100</td> <td valign="bottom" style="width:2.02%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> %</td> </tr> </table></div>  </div>

<div> The following table summarizes the Company’s debt at March 31, 2016 and at December 31, 2015.   <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:84%;"> <tr> <td valign="bottom" style="width:54.64%; border-bottom:solid 0.75pt transparent;">  </td> <td colspan="6" valign="bottom" style="width:29.02%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:8pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">March 31, 2016</td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:1.08%; border-bottom:solid 0.75pt transparent;">   </td> <td colspan="2" valign="bottom" style="width:13.06%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:8pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">December 31, 2015</td> <td valign="bottom" style="width:1.1%; border-bottom:solid 0.75pt transparent;">  </td> </tr> <tr> <td valign="bottom" style="width:54.64%; border-bottom:solid 0.75pt transparent;">  </td> <td colspan="2" valign="bottom" style="width:12.88%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Interest Rate</td> <td valign="bottom" style="width:2%;">  </td> <td valign="bottom" style="width:1.08%; border-bottom:solid 0.75pt transparent;">  </td> <td colspan="2" valign="bottom" style="width:13.06%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Principal Balance</td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:1.08%;">   </td> <td colspan="2" valign="bottom" style="width:13.06%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Principal Balance</td> <td valign="bottom" style="width:1.1%; border-bottom:solid 0.75pt transparent;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:54.64%;"> Credit Agreement:</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:2%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.26%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.26%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.1%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" style="width:54.64%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:36pt;;text-indent:-12.25pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">U.S. Term Loan</td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:11.8%;">  </td> <td valign="bottom" style="width:2%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:1.26%;"> $</td> <td valign="bottom" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:1.26%;"> $</td> <td valign="bottom" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">46,875</td> <td valign="bottom" style="width:1.1%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:54.64%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:36pt;;text-indent:-12.25pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Europe Term Loan</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:2%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.26%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.26%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">20,369</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.1%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" style="width:54.64%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:36pt;;text-indent:-12.25pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Revolving Note (U.S. Dollar Denominations)</td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.97</td> <td valign="bottom" style="width:2%;white-space:nowrap;"> %</td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:1.26%;">  </td> <td valign="bottom" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">133,875</td> <td valign="bottom" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:1.26%;">  </td> <td valign="bottom" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">12,000</td> <td valign="bottom" style="width:1.1%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:54.64%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:36pt;;text-indent:-12.25pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Revolving Note (Euro Denominations)</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1.50</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:2%;white-space:nowrap;"> %</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.26%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">21,370</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.26%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.1%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" style="width:54.64%;"> DEG China Loan</td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4.25</td> <td valign="bottom" style="width:2%;white-space:nowrap;"> %</td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:1.26%;">  </td> <td valign="bottom" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3,191</td> <td valign="bottom" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:1.26%;">  </td> <td valign="bottom" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3,497 </td> <td valign="bottom" style="width:1.1%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:54.64%;"> DEG Vietnam Loan</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5.21</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:2%;white-space:nowrap;"> %</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.26%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">15,000</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.26%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">15,000</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.1%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" style="width:54.64%;"> Total debt</td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:11.8%;">  </td> <td valign="bottom" style="width:2%;">  </td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:1.26%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" style="width:11.8%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">173,436</td> <td valign="bottom" style="width:1.08%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:1.26%; border-top:solid 0.75pt #000000;">  </td> <td valign="bottom" style="width:11.8%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">97,741 </td> <td valign="bottom" style="width:1.1%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:54.64%; border-bottom:solid 0.75pt transparent;"> Current portion</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:2%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.26%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(912</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.26%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:11.8%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(4,909 </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> )</td> </tr> <tr> <td valign="bottom" style="width:54.64%; border-bottom:double 2.5pt transparent;"> Long-term debt, less current maturities</td> <td valign="bottom" style="width:1.08%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:11.8%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:2%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:1.08%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:1.26%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" style="width:11.8%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">172,524</td> <td valign="bottom" style="width:1.08%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.08%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:1.26%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" style="width:11.8%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">92,832 </td> <td valign="bottom" style="width:1.1%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> </tr> </table></div>  </div>

<div> The scheduled principal maturities of our debt as of March 31, 2016 is as follows:   <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:93%;"> <tr> <td valign="bottom" style="width:auto; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Year</td> <td valign="bottom" style="width:1.06%; border-bottom:solid 0.75pt transparent;">  </td> <td colspan="2" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:9.1%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Revolving Note       (U.S. Dollar)</td> <td valign="bottom" style="width:1.06%;">  </td> <td valign="bottom" style="width:1.04%; border-bottom:solid 0.75pt transparent;">  </td> <td colspan="2" valign="bottom" style="width:9.1%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Revolving Note       (Euro)</td> <td valign="top" style="width:1.06%;">  </td> <td valign="bottom" style="width:1.06%;">  </td> <td colspan="2" valign="top" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:9.1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">DEG China Note</td> <td valign="bottom" style="width:1.06%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" style="width:1.06%;">  </td> <td colspan="2" valign="top" style="width:9.02%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">DEG Vietnam Note</td> <td valign="bottom" style="width:1.06%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" style="width:1.06%; border-bottom:solid 0.75pt transparent;">  </td> <td colspan="2" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:9%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Total</td> <td valign="bottom" style="width:1.2%;">   </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:auto; border-top:solid 0.75pt #000000;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:12pt;;text-indent:-12.25pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2016</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.1%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.04%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.1%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="top" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.1%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">456</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.02%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8%; border-top:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">456</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.2%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" style="width:auto;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:12pt;;text-indent:-12.25pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2017</td> <td valign="bottom" style="width:1.06%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.04%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="top" style="width:1.06%;">  </td> <td valign="bottom" style="width:1.06%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">911</td> <td valign="bottom" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.06%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8.02%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,250</td> <td valign="bottom" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.06%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2,161</td> <td valign="bottom" style="width:1.2%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:auto;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:12pt;;text-indent:-12.25pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2018</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.04%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="top" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">912</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.02%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2,500</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3,412</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.2%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" style="width:auto;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:12pt;;text-indent:-12.25pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2019</td> <td valign="bottom" style="width:1.06%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.04%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="top" style="width:1.06%;">  </td> <td valign="bottom" style="width:1.06%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">912</td> <td valign="bottom" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.06%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8.02%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2,500</td> <td valign="bottom" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.06%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3,412</td> <td valign="bottom" style="width:1.2%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:auto;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:12pt;;text-indent:-12.25pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2020</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.04%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="top" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.02%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2,500</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2,500</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.2%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" style="width:auto;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:12pt;;text-indent:-12.25pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2021</td> <td valign="bottom" style="width:1.06%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">133,875</td> <td valign="bottom" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.04%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">21,370</td> <td valign="top" style="width:1.06%;">  </td> <td valign="bottom" style="width:1.06%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8.1%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.06%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8.02%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">2,500</td> <td valign="bottom" style="width:1.06%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.06%;">  </td> <td valign="bottom" style="width:1%;">  </td> <td valign="bottom" style="width:8%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">157,745</td> <td valign="bottom" style="width:1.2%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:auto; border-bottom:solid 0.75pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:12pt;;text-indent:-12.25pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Thereafter</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.1%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.04%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.1%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="top" bgcolor="#CFF0FC" style="width:1.06%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.1%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8.02%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3,750</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.06%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:8%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3,750</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.2%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" style="width:auto; border-bottom:double 2.5pt transparent;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:36pt;;text-indent:-12.25pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Total</td> <td valign="bottom" style="width:1.06%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" style="width:8.1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">133,875</td> <td valign="bottom" style="width:1.06%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.04%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" style="width:8.1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">21,370</td> <td valign="top" style="width:1.06%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:1.06%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" style="width:8.1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">3,191</td> <td valign="bottom" style="width:1.06%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.06%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" style="width:8.02%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">15,000</td> <td valign="bottom" style="width:1.06%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.06%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" style="width:8%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">173,436</td> <td valign="bottom" style="width:1.2%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> </tr> </table></div>  </div>

<div> Information related to the recurring fair value measurement of derivative instruments in our consolidated condensed balance sheet as of March 31, 2016 is as follows:     <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;"> <tr> <td valign="bottom" style="padding-left:0.7pt;width:23.92%;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;width:0.44%;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;width:13.32%;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;width:0.44%;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;width:7.88%;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;width:0.46%;white-space:nowrap;">  </td> <td colspan="6" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:19.62%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Asset Derivatives</td> <td valign="bottom" style="padding-left:0.7pt;width:0.46%;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;width:0.68%;white-space:nowrap;">  </td> <td colspan="4" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:22.28%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Liability Derivatives</td> <td valign="bottom" style="padding-left:0.7pt;width:0.84%;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;width:0.44%;white-space:nowrap;">  </td> <td colspan="2" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:8.08%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Net Asset/ (Liabilities)</td> <td valign="bottom" style="padding-left:0.7pt;width:1.12%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" style="padding-left:0.7pt;width:23.92%;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;width:0.44%;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:13.32%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Hedge  Designation</td> <td valign="bottom" style="padding-left:0.7pt;width:0.44%;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:7.88%; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Fair Value Hierarchy</td> <td valign="bottom" style="padding-left:0.7pt;width:0.46%;white-space:nowrap;">  </td> <td colspan="2" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:12.32%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Balance Sheet Location</td> <td valign="bottom" style="padding-left:0.7pt;width:0.72%; border-top:solid 0.75pt #000000;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;width:0.46%; border-top:solid 0.75pt #000000;white-space:nowrap;">  </td> <td colspan="2" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:6.12%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Fair Value</td> <td valign="bottom" style="padding-left:0.7pt;width:0.46%;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;width:0.68%;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:13.64%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Balance Sheet Location</td> <td valign="bottom" style="padding-left:0.7pt;width:0.44%; border-top:solid 0.75pt #000000;white-space:nowrap;">  </td> <td colspan="2" valign="bottom" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:8.2%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Fair Value</td> <td valign="bottom" style="padding-left:0.7pt;width:0.84%;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;width:0.44%;white-space:nowrap;">  </td> <td colspan="2" valign="bottom" style="padding-left:0.7pt;width:8.08%; border-top:solid 0.75pt #000000;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;width:1.12%;white-space:nowrap;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0.7pt;width:23.92%;white-space:nowrap;"> Foreign currency derivatives</td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0.7pt;width:0.44%; border-top:solid 0.75pt #000000;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0.7pt;width:13.32%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Cash flow hedge</td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0.7pt;width:0.44%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0.7pt;width:7.88%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Level 2</td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0.7pt;width:0.46%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0.7pt;width:0.46%; border-top:solid 0.75pt #000000;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0.7pt;width:11.86%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Current assets</td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0.7pt;width:0.72%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0.7pt;width:0.46%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0.7pt;width:1.34%; border-top:solid 0.75pt #000000;white-space:nowrap;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0.7pt;width:4.78%; border-top:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,324</td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0.7pt;width:0.46%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0.7pt;width:0.68%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0.7pt;width:13.64%; border-top:solid 0.75pt #000000;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0.7pt;width:0.44%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0.7pt;width:1.36%; border-top:solid 0.75pt #000000;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0.7pt;width:6.84%; border-top:solid 0.75pt #000000;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0.7pt;width:0.84%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0.7pt;width:0.44%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0.7pt;width:1.12%;white-space:nowrap;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0.7pt;width:6.96%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,324</td> <td valign="bottom" bgcolor="#CFF0FC" style="padding-left:0.7pt;width:1.12%;white-space:nowrap;">  </td> </tr> <tr style="height:9.65pt;"> <td valign="bottom" style="padding-left:0.7pt;width:23.92%;white-space:nowrap;"> Commodity derivatives</td> <td valign="bottom" style="padding-left:0.7pt;width:0.44%;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;width:13.32%;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Cash flow hedge</td> <td valign="bottom" style="padding-left:0.7pt;width:0.44%;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;width:7.88%;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Level 2</td> <td valign="bottom" style="padding-left:0.7pt;width:0.46%;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;width:0.46%;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;width:11.86%;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;width:0.72%;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;width:0.46%;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;width:1.34%;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;width:4.78%;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;width:0.46%;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;width:0.68%;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;width:13.64%;white-space:nowrap;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Current liabilities</td> <td valign="bottom" style="padding-left:0.7pt;width:0.44%;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;width:1.36%;white-space:nowrap;"> $</td> <td valign="bottom" style="padding-left:0.7pt;width:6.84%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(429</td> <td valign="bottom" style="padding-left:0.7pt;width:0.84%;white-space:nowrap;"> )</td> <td valign="bottom" style="padding-left:0.7pt;width:0.44%;white-space:nowrap;">  </td> <td valign="bottom" style="padding-left:0.7pt;width:1.12%;white-space:nowrap;"> $</td> <td valign="bottom" style="padding-left:0.7pt;width:6.96%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:9pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(429</td> <td valign="bottom" style="padding-left:0.7pt;width:1.12%;white-space:nowrap;"> )</td> </tr> </table></div>  </div>

<div> Information relating to the effect of derivative instruments on our consolidated condensed statements of income is as follows:   <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;"> <tr> <td valign="bottom" style="width:36.88%;">  </td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:33.7%;"> <p style="text-align:center;margin-bottom:1pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Location</td> <td valign="bottom" style="width:1.28%;">  </td> <td colspan="2" valign="bottom" style="width:11.7%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Three Months Ended March 31, 2016</td> <td valign="bottom" style="width:1.2%;">  </td> <td valign="bottom" style="width:1.2%;">  </td> <td colspan="2" valign="bottom" style="width:11.8%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Three Months Ended March 31, 2015</td> <td valign="bottom" style="width:1.16%;">  </td> </tr> <tr style="height:1pt;"> <td valign="bottom" bgcolor="#CFF0FC" style="width:36.88%;"> Foreign currency derivatives                 </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:33.7%;"> Revaluation of derivatives</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.28%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.22%;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.48%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.2%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.2%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.22%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.58%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">6,197</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.16%;">  </td> </tr> <tr style="height:1pt;"> <td valign="bottom" style="width:36.88%;">  </td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:33.7%;"> Cost of sales</td> <td valign="bottom" style="width:1.28%;">  </td> <td valign="bottom" style="width:1.22%;">  </td> <td valign="bottom" style="width:10.48%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">35</td> <td valign="bottom" style="width:1.2%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.2%;">  </td> <td valign="bottom" style="width:1.22%;">  </td> <td valign="bottom" style="width:10.58%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(128</td> <td valign="bottom" style="width:1.16%;"> )</td> </tr> <tr style="height:1pt;"> <td valign="bottom" bgcolor="#CFF0FC" style="width:36.88%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:33.7%;"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:10.1pt;;text-indent:-10.1pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Selling, general and administrative</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.28%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.22%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.48%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">139</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.2%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.2%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.22%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.58%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">21</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.16%;">  </td> </tr> <tr style="height:1pt;"> <td valign="bottom" style="width:36.88%;">  </td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:33.7%;"> Other comprehensive income</td> <td valign="bottom" style="width:1.28%;">  </td> <td valign="bottom" style="width:1.22%;">  </td> <td valign="bottom" style="width:10.48%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,293</td> <td valign="bottom" style="width:1.2%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.2%;">  </td> <td valign="bottom" style="width:1.22%;">  </td> <td valign="bottom" style="width:10.58%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(347</td> <td valign="bottom" style="width:1.16%;"> )</td> </tr> <tr style="height:1pt;"> <td valign="bottom" bgcolor="#CFF0FC" style="width:36.88%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:33.7%;"> Foreign currency (loss) gain</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.28%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.22%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.48%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">78</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.2%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.2%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.22%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.58%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">207</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.16%;">  </td> </tr> <tr style="height:1pt;"> <td valign="bottom" style="width:36.88%;"> Total foreign currency derivatives</td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:33.7%;">  </td> <td valign="bottom" style="width:1.28%;">  </td> <td valign="bottom" style="width:1.22%;"> $</td> <td valign="bottom" style="width:10.48%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,545</td> <td valign="bottom" style="width:1.2%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.2%;">  </td> <td valign="bottom" style="width:1.22%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" style="width:10.58%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">5,950</td> <td valign="bottom" style="width:1.16%;">  </td> </tr> <tr style="height:1pt;"> <td valign="bottom" bgcolor="#CFF0FC" style="width:36.88%;"> Commodity derivatives</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:33.7%;"> Cost of sales</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.28%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.22%;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.48%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(211</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.2%;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.2%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.22%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.58%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(7,161</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.16%;"> )</td> </tr> <tr style="height:1pt;"> <td valign="bottom" style="width:36.88%;">  </td> <td valign="bottom" style="width:1.08%;">  </td> <td valign="bottom" style="width:33.7%;"> Other comprehensive income</td> <td valign="bottom" style="width:1.28%;">  </td> <td valign="bottom" style="width:1.22%;"> $</td> <td valign="bottom" style="width:10.48%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">296</td> <td valign="bottom" style="width:1.2%;white-space:nowrap;">  </td> <td valign="bottom" style="width:1.2%;">  </td> <td valign="bottom" style="width:1.22%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" style="width:10.58%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" style="width:1.16%;">  </td> </tr> <tr style="height:1pt;"> <td valign="bottom" bgcolor="#CFF0FC" style="width:36.88%;"> Total commodity derivatives</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.08%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:33.7%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.28%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.22%;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.48%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">85</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.2%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.2%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.22%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.58%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(7,161</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1.16%;"> )</td> </tr> </table></div>  </div>

<div> Reclassification adjustments and other activities impacting accumulated other comprehensive income (loss) during the three months ended March 31, 2016 and March 31, 2015 are as follows:   <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;"> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="width:35.02%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">   </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:11.08%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Defined Benefit Pension Plans</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">   </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:11%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Foreign Currency Translation Adjustments</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">   </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:11%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Commodity Hedge Derivatives</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:11%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Foreign Currency Hedge Derivatives</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:1%;">  </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="width:11%; border-bottom:solid 0.75pt #000000;">     <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Total</td> <td valign="top" bgcolor="#FFFFFF" style="width:0.92%;">  </td> </tr> <tr style="height:2.8pt;"> <td valign="bottom" bgcolor="#CFF0FC" style="width:35.02%;"> Balance at December 31, 2015</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.08%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(2,060</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(49,381</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(229</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:1%;"> $</td> <td valign="top" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(51,670</td> <td valign="top" bgcolor="#CFF0FC" style="width:0.92%;"> )</td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="width:35.02%;"> Other comprehensive income (loss) before reclassifications</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.08%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">7,910</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">114</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,293</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:10%;">   <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">9,317</td> <td valign="top" bgcolor="#FFFFFF" style="width:0.92%;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:35.02%;"> Income tax effect of other comprehensive income (loss) before reclassifications</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.08%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">1,242</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(42</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(347</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;white-space:nowrap;"> )</td> <td valign="top" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:10%;">   <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">853</td> <td valign="top" bgcolor="#CFF0FC" style="width:0.92%;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="width:35.02%;"> Amounts reclassified from accumulated other comprehensive income (loss) into net income</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.08%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">182</td> <td valign="middle" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">   a</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:10%;">     <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">182</td> <td valign="top" bgcolor="#FFFFFF" style="width:0.92%;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:35.02%; border-bottom:solid 0.75pt transparent;"> Income taxes reclassified into net income</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.08%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(67</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:10%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(67</td> <td valign="top" bgcolor="#CFF0FC" style="width:0.92%; border-bottom:solid 0.75pt transparent;"> )</td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="width:35.02%; border-bottom:solid 0.75pt transparent;"> Net current period other comprehensive income (loss)</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.08%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">9,152</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">187</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">946</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">   <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10,285</td> <td valign="top" bgcolor="#FFFFFF" style="width:0.92%; border-bottom:solid 0.75pt transparent;">  </td> </tr> <tr style="height:7.4pt;"> <td valign="bottom" bgcolor="#CFF0FC" style="width:35.02%; border-bottom:double 2.5pt transparent;"> Balance at March 31, 2016</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.08%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(2,060</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(40,229</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(42</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">946</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="top" bgcolor="#CFF0FC" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(41,385</td> <td valign="top" bgcolor="#CFF0FC" style="width:0.92%; border-bottom:double 2.5pt transparent;"> )</td> </tr> </table></div>   <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> (a)</td> <td valign="top"> The amounts reclassified from  accumulated other comprehensive income are included in cost of sales.</td></tr></table></div>   Note 8 – Reclassifications Out of Accumulated Other Comprehensive Income (Loss) – Continued   <div> <table border="0" cellspacing="0" cellpadding="0" align="center" style="border-collapse:collapse; width:100%;"> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="width:35.02%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">   </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:11.18%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Defined Benefit Pension Plans</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">   </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:11%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Foreign Currency Translation Adjustments</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">   </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:11%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Commodity Hedge Derivatives</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="padding-left:0.7pt;padding-Right:0.7pt;padding-Top:0pt;padding-Bottom:0pt;width:11%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Foreign Currency Hedge Derivatives</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </td> <td valign="top" bgcolor="#FFFFFF" style="width:1%;">  </td> <td colspan="2" valign="bottom" bgcolor="#FFFFFF" style="width:11%; border-bottom:solid 0.75pt #000000;">     <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;font-size:8pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Total</td> <td valign="top" bgcolor="#FFFFFF" style="width:0.8%;">  </td> </tr> <tr style="height:2.8pt;"> <td valign="bottom" bgcolor="#CFF0FC" style="width:35.02%;"> Balance at December 31, 2014</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.18%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(2,673</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(23,060</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(10</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(25,743</td> <td valign="top" bgcolor="#CFF0FC" style="width:0.8%;"> )</td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="width:35.02%;"> Other comprehensive income (loss) before reclassifications</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.18%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(19,605</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">76</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(357</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;"> )</td> <td valign="top" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:10%;">   <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(19,886</td> <td valign="top" bgcolor="#FFFFFF" style="width:0.8%;">   <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:35.02%;"> Income tax effect of other comprehensive income (loss) before reclassifications</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.18%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">467</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">89</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%;white-space:nowrap;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:1%;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:10%;">   <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">556</td> <td valign="top" bgcolor="#CFF0FC" style="width:0.8%;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="width:35.02%;"> Amounts reclassified from accumulated other comprehensive income (loss) into net income</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.18%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10</td> <td valign="middle" bgcolor="#FFFFFF" style="width:1%;white-space:nowrap;">   a</td> <td valign="top" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:1%;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:10%;">     <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">10</td> <td valign="top" bgcolor="#FFFFFF" style="width:0.8%;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#CFF0FC" style="width:35.02%; border-bottom:solid 0.75pt transparent;"> Income taxes reclassified into net income</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.18%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:1%; border-bottom:solid 0.75pt #000000;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:10%; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="top" bgcolor="#CFF0FC" style="width:0.8%; border-bottom:solid 0.75pt transparent;">  </td> </tr> <tr> <td valign="bottom" bgcolor="#FFFFFF" style="width:35.02%; border-bottom:solid 0.75pt transparent;"> Net current period other comprehensive income (loss)</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10.18%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">—</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(19,138</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;white-space:nowrap;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">76</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(258</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;white-space:nowrap;"> )</td> <td valign="top" bgcolor="#FFFFFF" style="width:1%; border-bottom:solid 0.75pt transparent;">  </td> <td valign="top" bgcolor="#FFFFFF" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;">  </td> <td valign="bottom" bgcolor="#FFFFFF" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:solid 0.75pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(19,320</td> <td valign="bottom" bgcolor="#FFFFFF" style="width:0.8%; border-bottom:solid 0.75pt transparent;"> )</td> </tr> <tr style="height:7.4pt;"> <td valign="bottom" bgcolor="#CFF0FC" style="width:35.02%; border-bottom:double 2.5pt transparent;"> Balance at March 31, 2015</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10.18%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(2,673</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(42,198</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> )</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">76</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;">  </td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(268</td> <td valign="bottom" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;white-space:nowrap;"> )</td> <td valign="top" bgcolor="#CFF0FC" style="width:1%; border-bottom:double 2.5pt transparent;">  </td> <td valign="top" bgcolor="#CFF0FC" style="width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> $</td> <td valign="top" bgcolor="#CFF0FC" style="width:10%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(45,063</td> <td valign="top" bgcolor="#CFF0FC" style="width:0.8%; border-bottom:double 2.5pt transparent;"> )</td> </tr> </table></div>   <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> (a)</td> <td valign="top"> The amounts reclassified from  accumulated other comprehensive income are included in cost of sales.</td></tr></table></div></div>

6300000 1300000 2000000 9600000

32000000

73000000

63000000

16000000

193890

475505

1062534

22675000

6151000

21368000

6305000

210435000

5279000

7283000

390000

491000

42701000

-2616000

-10200000

199443000

7466000

6316000

489000

654000

40682000

-1287000

-12318000

101740000

19096000

18167000

17422000

12234000

9671000

8982000

6667000

5581000

16154000

113974000

0.47

0.09

0.08

0.06

0.05

0.04

0.03

0.07

0.53

1.00

95304000

22863000

18840000

17970000

11185000

6159000

5485000

6988000

5433000

16682000

111605000

0.46

0.11

0.09

0.05

0.03

0.08

0.54

1.00

100000000

250000000

0.66

0.0025

0.0050

0.0350

0.0000

0.0100

0.0038

0.0150

0.0050

0.0125

0.0200

0.0025

0.0100

2015-03 2019-09 2017-11 2023-05

0.0197

0.0150

0.0425

0.0521

46875000

20369000

133875000

12000000

21370000

3191000

3497000

15000000

173436000

97741000

912000

4909000

172524000

92832000

456000

911000

1250000

2161000

912000

2500000

3412000

912000

2500000

3412000

2500000

133875000 21370000 2500000 157745000 3750000 3750000

2021-03-17

P1Y

24944000 0

P2Y

4071000 4885000

1324000

429000

1324000

-429000

35000

139000

1293000

78000

1545000

-211000

296000

85000

6197000

-128000

21000

-347000

207000

5950000

-7161000

0 0

15543000

15056000

3782000

3588000

-2060000

-49381000

-229000

7910000

114000

1293000

9317000

-1242000

42000

347000

-853000

-182000

-67000

9152000

187000

946000

-2060000

-40229000

-42000

946000

-2673000

-23060000

-10000

-25743000

-19605000

76000

-357000

-19886000

-467000

-89000

-556000

-10000

-19138000

76000

-258000

-2673000

-42198000

76000

-268000

-45063000

The amounts reclassified from accumulated other comprehensive income are included in cost of sales.

EX-101.SCH 7 thrm-20160331.xsd XBRL TAXONOMY EXTENSION SCHEMA 00000 - Document - Template Link link:presentationLink link:calculationLink link:definitionLink 100000 - Document - Document and Entity Information link:calculationLink link:presentationLink link:definitionLink 100010 - Statement - Consolidated Condensed Balance Sheets link:calculationLink link:presentationLink link:definitionLink 100020 - Statement - Consolidated Condensed Balance Sheets (Parenthetical) link:calculationLink link:presentationLink link:definitionLink 100030 - Statement - Consolidated Condensed Statements of Income link:calculationLink link:presentationLink link:definitionLink 100040 - Statement - Consolidated Condensed Statements of Comprehensive Income link:calculationLink link:presentationLink link:definitionLink 100050 - Statement - Consolidated Condensed Statements of Cash Flows link:calculationLink link:presentationLink link:definitionLink 100060 - Statement - Consolidated Condensed Statement of Changes In Shareholders' Equity link:calculationLink link:presentationLink link:definitionLink 100070 - Disclosure - The Company and Subsequent Events link:calculationLink link:presentationLink link:definitionLink 100080 - Disclosure - Basis of Presentation and New Accounting Pronouncements link:calculationLink link:presentationLink link:definitionLink 100090 - Disclosure - Earnings per Share link:calculationLink link:presentationLink link:definitionLink 100100 - Disclosure - Segment Reporting link:calculationLink link:presentationLink link:definitionLink 100110 - Disclosure - Debt link:calculationLink link:presentationLink link:definitionLink 100120 - Disclosure - Derivative Financial Instruments link:calculationLink link:presentationLink link:definitionLink 100130 - Disclosure - Fair Value Measurement link:calculationLink link:presentationLink link:definitionLink 100140 - Disclosure - Reclassifications Out of Accumulated Other Comprehensive Income (Loss) link:calculationLink link:presentationLink link:definitionLink 100150 - Disclosure - Basis of Presentation and New Accounting Pronouncements (Policies) link:calculationLink link:presentationLink link:definitionLink 100160 - Disclosure - Earnings per Share (Tables) link:calculationLink link:presentationLink link:definitionLink 100170 - Disclosure - Segment Reporting (Tables) link:calculationLink link:presentationLink link:definitionLink 100180 - Disclosure - Debt (Tables) link:calculationLink link:presentationLink link:definitionLink 100190 - Disclosure - Derivative Financial Instruments (Tables) link:calculationLink link:presentationLink link:definitionLink 100200 - Disclosure - Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Tables) link:calculationLink link:presentationLink link:definitionLink 100210 - Disclosure - The Company and Subsequent Events - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 100220 - Disclosure - Earnings per Share (Detail) link:calculationLink link:presentationLink link:definitionLink 100230 - Disclosure - Segment Reporting - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 100240 - Disclosure - Segment Information about Reported Product Revenues, Depreciation and Amortization and Operating Income (Loss) (Detail) link:calculationLink link:presentationLink link:definitionLink 100250 - Disclosure - Segment Reporting (Detail) link:calculationLink link:presentationLink link:definitionLink 100260 - Disclosure - Debt - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 100270 - Disclosure - Summary of Company's Debt (Detail) link:calculationLink link:presentationLink link:definitionLink 100280 - Disclosure - Principal Maturities of Debt (Detail) link:calculationLink link:presentationLink link:definitionLink 100290 - Disclosure - Derivative Financial Instruments - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 100300 - Disclosure - Information Related to Recurring Fair Value Measurement of Derivative Instruments in Our Consolidated Condensed Balance Sheet (Detail) link:calculationLink link:presentationLink link:definitionLink 100310 - Disclosure - Information Related to Effect of Derivative Instruments on Our Consolidated Condensed Statements of Income (Detail) link:calculationLink link:presentationLink link:definitionLink 100320 - Disclosure - Fair Value Measurement - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 100330 - Disclosure - Schedule of Reclassification Adjustments and Other Activities Impacting Accumulated Other Comprehensive Income (Loss) (Detail) link:calculationLink link:presentationLink link:definitionLink EX-101.CAL 8 thrm-20160331_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 9 thrm-20160331_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 10 thrm-20160331_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Entity Central Index Key Long-term debt, maturities, repayments of principal in year six. Long-term debt, maturities, repayments of principal after year six. Document and entity information. Document And Entity Information [Abstract] Document Type Document Type Amendment Flag Amendment Flag Document Period End Date Document Period End Date Document Fiscal Year Focus Document Fiscal Year Focus Document Fiscal Period Focus Document Fiscal Period Focus Trading Symbol Trading Symbol Entity Registrant Name Entity Registrant Name Entity Central Index Key Current Fiscal Year End Date Current Fiscal Year End Date Entity Filer Category Entity Filer Category Entity Common Stock, Shares Outstanding Entity Common Stock Shares Outstanding Additional paid in capital common stock net of adjustments. Statement Of Financial Position [Abstract] ASSETS Assets [Abstract] Current Assets: Assets Current [Abstract] Cash and cash equivalents Cash And Cash Equivalents At Carrying Value Accounts receivable, less allowance of $1,129 and $955, respectively Accounts Receivable Net Current Inventory: Inventory Net [Abstract] Raw materials Inventory Raw Materials Net Of Reserves Work in process Inventory Work In Process Net Of Reserves Finished goods Inventory Finished Goods Net Of Reserves Inventory, net Inventory Net Derivative financial instruments Derivative Assets Current Deferred income tax assets Deferred Tax Assets Net Current Prepaid expenses and other assets Prepaid Expense And Other Assets Current Total current assets Assets Current Property and equipment, net Property Plant And Equipment Net Goodwill Goodwill Other intangible assets Finite Lived Intangible Assets Net Deferred financing costs Deferred Finance Costs Noncurrent Net Deferred income tax assets Deferred Tax Assets Net Noncurrent Other non-current assets Other Assets Noncurrent Total assets Assets LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities And Stockholders Equity [Abstract] Current Liabilities: Liabilities Current [Abstract] Accounts payable Accounts Payable Current Accrued liabilities Accrued Liabilities Current Current maturities of long-term debt Long Term Debt And Capital Lease Obligations Current Deferred tax liabilities Deferred Tax Liabilities Gross Current Derivative financial instruments Derivative Liabilities Current Total current liabilities Liabilities Current Pension benefit obligation Defined Benefit Pension Plan Liabilities Noncurrent Other liabilities Other Liabilities Long-term debt, less current maturities Long Term Debt And Capital Lease Obligations Deferred income tax liabilities Deferred Tax Liabilities Noncurrent Total liabilities Liabilities Shareholders’ equity: Stockholders Equity Including Portion Attributable To Noncontrolling Interest [Abstract] Common Stock: Common Stock Number Of Shares Par Value And Other Disclosures [Abstract] No par value; 55,000,000 shares authorized, 36,407,397 and 36,321,775 issued and outstanding at March 31, 2016 and December 31, 2015, respectively Common Stock Value Paid-in capital Additional Paid In Capital Common Stock Net Of Adjustments Accumulated other comprehensive loss Accumulated Other Comprehensive Income Loss Net Of Tax Accumulated earnings Retained Earnings Accumulated Deficit Total shareholders’ equity Stockholders Equity Total liabilities and shareholders’ equity Liabilities And Stockholders Equity Accounts receivable, allowance Allowance For Doubtful Accounts Receivable Current Common Stock, par value Common Stock No Par Value Common Stock, shares authorized Common Stock Shares Authorized Common Stock, shares issued Common Stock Shares Issued Common Stock, shares outstanding Common Stock Shares Outstanding Income Statement [Abstract] Product revenues Sales Revenue Goods Net Cost of sales Cost Of Goods Sold Gross margin Gross Profit Operating expenses: Operating Expenses [Abstract] Net research and development expenses Research And Development Expense Acquisition transaction expenses Business Combination Acquisition Related Costs Selling, general and administrative Selling General And Administrative Expense Total operating expenses Operating Expenses Operating income Operating Income Loss Interest expense Interest Income Expense Net Revaluation of derivatives loss Unrealized Gain Loss On Derivatives Foreign currency gain (loss) Foreign Currency Transaction Gain Loss Before Tax Other income Other Nonoperating Income Expense Earnings before income tax Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest Income tax expense Income Tax Expense Benefit Net income Profit Loss Basic earnings per share Earnings Per Share Basic Diluted earnings per share Earnings Per Share Diluted Weighted average number of shares – basic Weighted Average Number Of Shares Outstanding Basic Weighted average number of shares – diluted Weighted Average Number Of Diluted Shares Outstanding Statement Of Income And Comprehensive Income [Abstract] Net income Other comprehensive loss, gross of tax: Other Comprehensive Income Loss Before Tax Portion Attributable To Parent [Abstract] Foreign currency translation adjustments gain (loss) Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax Unrealized gain (loss) on foreign currency derivative securities Other Comprehensive Income Loss Derivatives Qualifying As Hedges Before Tax Unrealized gain on commodity derivative securities Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax Other comprehensive income (loss), gross of tax Other Comprehensive Income Loss Before Tax Portion Attributable To Parent Other comprehensive income (loss), related tax effect: Other Comprehensive Income Loss Tax [Abstract] Foreign currency translation adjustments gain (loss) Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax Unrealized gain (loss) on foreign currency derivative securities Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax Unrealized gain on commodity derivative securities Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax Other comprehensive income (loss), related tax effect Other Comprehensive Income Loss Tax Other comprehensive income (loss), net of tax Other Comprehensive Income Loss Net Of Tax Comprehensive income Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest Excess tax benefit expense from share based compensation financing activities. Payments for cancellation of restricted stock. Statement Of Cash Flows [Abstract] Operating Activities: Net Cash Provided By Used In Operating Activities Continuing Operations [Abstract] Adjustments to reconcile net income to cash provided by operating activities: Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities [Abstract] Depreciation and amortization Depreciation And Amortization Deferred income tax benefit Deferred Income Tax Expense Benefit Stock compensation Share Based Compensation Defined benefit plan expense (income) Pension And Other Postretirement Benefit Expense Provision of doubtful accounts Provision For Doubtful Accounts Gain on revaluation of financial derivatives Unrealized Gain Loss On Derivatives And Commodity Contracts (Gain) loss on sale of property and equipment Gain Loss On Sale Of Property Plant Equipment Changes in operating assets and liabilities: Increase Decrease In Operating Capital [Abstract] Accounts receivable Increase Decrease In Accounts Receivable Inventory Increase Decrease In Inventories Prepaid expenses and other assets Increase Decrease In Prepaid Deferred Expense And Other Assets Accounts payable Increase Decrease In Accounts Payable Accrued liabilities Increase Decrease In Accrued Liabilities Net cash provided by operating activities Net Cash Provided By Used In Operating Activities Continuing Operations Investing Activities: Net Cash Provided By Used In Investing Activities Continuing Operations [Abstract] Investment in subsidiary, net of cash acquired Payments To Acquire Businesses Net Of Cash Acquired Proceeds from the sale of property and equipment Proceeds From Sale Of Property Plant And Equipment Purchases of property and equipment Payments To Acquire Property Plant And Equipment Net cash used in investing activities Net Cash Provided By Used In Investing Activities Continuing Operations Financing Activities: Net Cash Provided By Used In Financing Activities Continuing Operations [Abstract] Borrowing of debt Proceeds From Issuance Of Long Term Debt Repayments of debt Repayments Of Long Term Debt Excess tax benefit from equity awards Excess Tax Benefit Expense From Share Based Compensation Financing Activities Cash paid for financing costs Payments Of Financing Costs Cash paid for the cancellation of restricted stock Payments For Cancellation Of Restricted Stock Proceeds from the exercise of Common Stock options Proceeds From Stock Options Exercised Net cash provided by (used in) financing activities Net Cash Provided By Used In Financing Activities Continuing Operations Foreign currency effect Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations Net increase (decrease) in cash and cash equivalents Cash And Cash Equivalents Period Increase Decrease Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Supplemental disclosure of cash flow information: Supplemental Cash Flow Information [Abstract] Cash paid for taxes Income Taxes Paid Net Cash paid for interest Interest Paid Net Supplemental disclosure of non-cash transactions: Cash Flow Noncash Investing And Financing Activities Disclosure [Abstract] Common Stock issued to Board of Directors and employees Stock Issued1 Decrease to additional paid in capital tax effect from share based compensation. Restricted stock cancelled during period value. Restricted stock cancelled during period shares. Other comprehensive income loss foreign currency transaction and translation adjustment from deferred tax. Other comprehensive income unrealized gain loss on commodity hedge derivatives arising during period net of tax Statement Of Stockholders Equity [Abstract] Statement [Table] Statement [Table] Equity Components Statement Equity Components [Axis] Equity Component Equity Component [Domain] Common Stock Common Stock [Member] Paid-in Capital Additional Paid In Capital [Member] Accumulated Earnings Retained Earnings [Member] Accumulated Other Comprehensive Loss Accumulated Other Comprehensive Income [Member] Statement [Line Items] Statement [Line Items] Beginning Balance Beginning Balance (in shares) Exercise of Common Stock options for cash Stock Issued During Period Value Stock Options Exercised Exercise of Common Stock options for cash (in shares) Stock Issued During Period Shares Stock Options Exercised Tax benefit from exercises of Common Stock options Decrease To Additional Paid In Capital Tax Effect From Share Based Compensation Cancellation of restricted stock Restricted Stock Cancelled During Period Value Cancellation of restricted stock (in shares) Restricted Stock Cancelled During Period Shares Stock option compensation Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition Common Stock issued to Board of Directors and employees Stock Granted During Period Value Sharebased Compensation Common Stock issued to Board of Directors and employees (in shares) Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Currency translation, net Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax Foreign currency hedge, net Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment From Deferred Tax Commodity hedge, net Other Comprehensive Income Unrealized Gain Loss On Commodity Hedge Derivatives Arising During Period Net Of Tax Ending Balance Ending Balance (in shares) Company and subsequent events. Company And Subsequent Events [Abstract] The Company and Subsequent Events Nature Of Operations Basis of presentation and new accounting pronouncements. Basis Of Presentation And New Accounting Pronouncements [Abstract] Basis of Presentation and New Accounting Pronouncements Basis Of Presentation And Significant Accounting Policies [Text Block] Earnings Per Share [Abstract] Earnings per Share Earnings Per Share [Text Block] Segment Reporting [Abstract] Segment Reporting Segment Reporting Disclosure [Text Block] Debt Disclosure [Abstract] Debt Debt Disclosure [Text Block] Derivative Instruments And Hedging Activities Disclosure [Abstract] Derivative Financial Instruments Schedule Of Derivative Instruments [Text Block] Fair Value Disclosures [Abstract] Fair Value Measurement Fair Value Measurement Inputs Disclosure [Text Block] Equity [Abstract] Reclassifications Out of Accumulated Other Comprehensive Income (Loss) Comprehensive Income Note [Text Block] Financial Instruments Fair Value Of Financial Instruments Policy Leases Lease Policy [Text Block] Stock Compensation Share Based Compensation Option And Incentive Plans Policy Revenue from Contracts with Customers Revenue Recognition Customer Acquisitions Inventory simplifying measurement of inventory. Inventory – Simplifying the Measurement of Inventory Inventory Simplifying Measurement Of Inventory Policy [Text Block] Balance sheet classification of deferred taxes. Balance Sheet Classification of Deferred Taxes Balance Sheet Classification Of Deferred Taxes Policy [Text Block] Basic and Diluted Shares of Consolidated Condensed Statements of Income Schedule Of Weighted Average Number Of Shares Table [Text Block] Common Stock Issuable upon Exercise of Certain Stock Options Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share [Text Block] Segment Information about Reported Product Revenues, Depreciation and Amortization and Operating Income (Loss) Schedule Of Segment Reporting Information By Segment [Text Block] Product Revenues Information by Geographic Area Schedule Of Revenues From External Customers And Long Lived Assets By Geographical Areas Table [Text Block] Summary of Company's Debt Schedule Of Debt Instruments [Text Block] Principal Maturities of Debt Schedule Of Maturities Of Long Term Debt Table [Text Block] Information Related to Recurring Fair Value Measurement of Derivative Instruments in Our Consolidated Condensed Balance Sheet Schedule Of Derivatives Instruments Statements Of Financial Performance And Financial Position Location Table [Text Block] Information Related to Effect of Derivative Instruments on Our Consolidated Condensed Statements of Income Schedule Of Derivative Instruments Gain Loss In Statement Of Financial Performance [Text Block] Schedule of Reclassification Adjustments and Other Activities Impacting Accumulated Other Comprehensive Income (Loss) Schedule Of Accumulated Other Comprehensive Income Loss Table [Text Block] Income tax expense payment related to foreign tax withholding. Expected income tax expense payment related to foreign tax withholding. Nature of company. Nature of company. Nature Of Company [Table] Nature Of Company [Table] Subsequent Event Type Subsequent Event Type [Axis] Subsequent Event Type Subsequent Event Type [Domain] Subsequent Event Subsequent Event [Member] Business Acquisition Business Acquisition [Axis] EX-101.PRE 11 thrm-20160331_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 12 R1.htm IDEA: XBRL DOCUMENT

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2016	Apr. 28, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q1
Trading Symbol	THRM
Entity Registrant Name	GENTHERM INC
Entity Central Index Key	0000903129
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		36,429,697

XML 13 R2.htm IDEA: XBRL DOCUMENT

Consolidated Condensed Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Current Assets:
Cash and cash equivalents	$ 210,556	$ 144,479
Accounts receivable, less allowance of $1,129 and $955, respectively	161,690	142,610
Inventory:
Raw materials	53,394	50,371
Work in process	4,870	4,150
Finished goods	28,686	29,662
Inventory, net	86,950	84,183
Derivative financial instruments	1,324
Deferred income tax assets	7,449	6,716
Prepaid expenses and other assets	45,851	42,620
Total current assets	513,820	420,608
Property and equipment, net	131,332	119,157
Goodwill	28,826	27,765
Other intangible assets	47,972	48,461
Deferred financing costs	931	310
Deferred income tax assets	25,357	22,094
Other non-current assets	38,297	8,403
Total assets	786,535	646,798
Current Liabilities:
Accounts payable	84,880	77,115
Accrued liabilities	96,078	60,823
Current maturities of long-term debt	912	4,909
Deferred tax liabilities	238	211
Derivative financial instruments	429	725
Total current liabilities	182,537	143,783
Pension benefit obligation	6,811	6,545
Other liabilities	4,485	5,026
Long-term debt, less current maturities	172,524	92,832
Deferred income tax liabilities	12,865	14,321
Total liabilities	379,222	262,507
Common Stock:
No par value; 55,000,000 shares authorized, 36,407,397 and 36,321,775 issued and outstanding at March 31, 2016 and December 31, 2015, respectively	257,401	256,919
Paid-in capital	(920)	(1,282)
Accumulated other comprehensive loss	(41,385)	(51,670)
Accumulated earnings	192,217	180,324
Total shareholders’ equity	407,313	384,291
Total liabilities and shareholders’ equity	$ 786,535	$ 646,798

XML 14 R3.htm IDEA: XBRL DOCUMENT

Consolidated Condensed Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Statement Of Financial Position [Abstract]
Accounts receivable, allowance	$ 1,129	$ 955
Common Stock, par value
Common Stock, shares authorized	55,000,000	55,000,000
Common Stock, shares issued	36,407,397	36,321,775
Common Stock, shares outstanding	36,407,397	36,321,775

XML 15 R4.htm IDEA: XBRL DOCUMENT

Consolidated Condensed Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Product revenues	$ 215,714	$ 206,909
Cost of sales	147,472	140,339
Gross margin	68,242	66,570
Operating expenses:
Net research and development expenses	15,696	14,548
Acquisition transaction expenses	37
Selling, general and administrative	22,624	24,945
Total operating expenses	38,357	39,493
Operating income	29,885	27,077
Interest expense	(677)	(564)
Revaluation of derivatives loss		(964)
Foreign currency gain (loss)	(1,835)	435
Other income	365	195
Earnings before income tax	27,738	26,179
Income tax expense	15,845	6,359
Net income	$ 11,893	$ 19,820
Basic earnings per share	$ 0.33	$ 0.55
Diluted earnings per share	$ 0.33	$ 0.55
Weighted average number of shares – basic	36,356,973	35,769,190
Weighted average number of shares – diluted	36,550,863	36,244,695

XML 16 R5.htm IDEA: XBRL DOCUMENT

Consolidated Condensed Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 11,893	$ 19,820
Other comprehensive loss, gross of tax:
Foreign currency translation adjustments gain (loss)	7,910	(19,605)
Unrealized gain (loss) on foreign currency derivative securities	1,293	(347)
Unrealized gain on commodity derivative securities	296	76
Other comprehensive income (loss), gross of tax	9,499	(19,876)
Other comprehensive income (loss), related tax effect:
Foreign currency translation adjustments gain (loss)	1,242	467
Unrealized gain (loss) on foreign currency derivative securities	(347)
Unrealized gain on commodity derivative securities	(109)	89
Other comprehensive income (loss), related tax effect	786	556
Other comprehensive income (loss), net of tax	10,285	(19,320)
Comprehensive income	$ 22,178	$ 500

XML 17 R6.htm IDEA: XBRL DOCUMENT

Consolidated Condensed Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Operating Activities:
Net income	$ 11,893	$ 19,820
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	8,164	7,459
Deferred income tax benefit	(5,173)	(2,483)
Stock compensation	1,818	1,358
Defined benefit plan expense (income)	45	(9)
Provision of doubtful accounts	574	125
Gain on revaluation of financial derivatives	(456)	(324)
(Gain) loss on sale of property and equipment	29	(8)
Changes in operating assets and liabilities:
Accounts receivable	(21,906)	(15,994)
Inventory	(1,223)	(5,762)
Prepaid expenses and other assets	(1,628)	(3,905)
Accounts payable	6,392	15,522
Accrued liabilities	7,819	(6,970)
Net cash provided by operating activities	6,348	8,829
Investing Activities:
Investment in subsidiary, net of cash acquired		(47)
Proceeds from the sale of property and equipment	18	181
Purchases of property and equipment	(17,010)	(10,403)
Net cash used in investing activities	(16,992)	(10,269)
Financing Activities:
Borrowing of debt	75,000
Repayments of debt	(446)	(1,669)
Excess tax benefit from equity awards	(385)
Cash paid for financing costs	(650)
Cash paid for the cancellation of restricted stock	(793)	(467)
Proceeds from the exercise of Common Stock options	204	2,026
Net cash provided by (used in) financing activities	72,930	(110)
Foreign currency effect	3,791	(4,569)
Net increase (decrease) in cash and cash equivalents	66,077	(6,119)
Cash and cash equivalents at beginning of period	144,479	85,700
Cash and cash equivalents at end of period	210,556	79,581
Supplemental disclosure of cash flow information:
Cash paid for taxes	9,342	14,768
Cash paid for interest	458	515
Supplemental disclosure of non-cash transactions:
Common Stock issued to Board of Directors and employees	$ 984	$ 673

XML 18 R7.htm IDEA: XBRL DOCUMENT

Consolidated Condensed Statement of Changes In Shareholders' Equity - 3 months ended Mar. 31, 2016 - USD ($) $ in Thousands	Total	Common Stock	Paid-in Capital	Accumulated Earnings	Accumulated Other Comprehensive Loss
Beginning Balance at Dec. 31, 2015	$ 384,291	$ 256,919	$ (1,282)	$ 180,324	$ (51,670)
Beginning Balance (in shares) at Dec. 31, 2015	36,321,775	36,322,000
Exercise of Common Stock options for cash	$ 204	$ 291	(87)
Exercise of Common Stock options for cash (in shares)		14,000
Tax benefit from exercises of Common Stock options	(385)		(385)
Cancellation of restricted stock	(793)	$ (793)
Cancellation of restricted stock (in shares)		(17,000)
Stock option compensation	834		834
Common Stock issued to Board of Directors and employees	984	$ 984
Common Stock issued to Board of Directors and employees (in shares)		88,000
Currency translation, net	9,152				9,152
Foreign currency hedge, net	946				946
Commodity hedge, net	187				187
Net income	11,893			11,893
Ending Balance at Mar. 31, 2016	$ 407,313	$ 257,401	$ (920)	$ 192,217	$ (41,385)
Ending Balance (in shares) at Mar. 31, 2016	36,407,397	36,407,000

XML 19 R8.htm IDEA: XBRL DOCUMENT

The Company and Subsequent Events	3 Months Ended
The Company and Subsequent Events	Mar. 31, 2016
Company And Subsequent Events [Abstract]
The Company and Subsequent Events	Note 1 – The Company and Subsequent Events Gentherm Incorporated is a global technology and industry leader in the design, development, and manufacturing of innovative thermal management technologies and automotive cable systems. Unless the context otherwise requires, the terms “Company”, “we”, “us” and “our” used herein refer to Gentherm Incorporated and its consolidated subsidiaries. Our products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation and other consumer and industrial temperature control needs. Our products can be found on the vehicles of nearly all major automotive manufacturers operating in North America, Europe and Asia. We operate in locations aligned with our major customers’ product strategies in order to provide locally enhanced design, integration and production capabilities and to identify future thermal technology product opportunities in both automotive and other markets. We concentrate our research on the development of new technologies that will enable new products, improve overall effectiveness of existing products and maximize customer satisfaction. We also focus on developing new design applications from our existing technologies to create new products and market opportunities for thermal comfort solutions. On January 4, 2016 and January 5, 2016, the Company completed reorganization transactions (the “Reorganization”) related to our North American business (the “Windsor Operations”). As part of our original integration plan to eliminate redundancies associated with the 2011 acquisition of Gentherm GmbH (formally named W.E.T. Automotive Systems AG), the Windsor Operations will be consolidated into our existing European and North American facilities. As a result of the Reorganization, some of the business activities previously performed by the Windsor Operations will now be performed by other subsidiaries. Related to the Reorganization, the Company declared an intercompany dividend, incurred and paid a related withholding tax to the Canadian Revenue Agency and recorded a tax expense of approximately $6,300, during the first quarter of 2016. Later during the quarter, a further intercompany dividend was declared and paid resulting in an additional $1,300 withholding tax being paid and expensed and the Company changed its assessment of the potential for further dividends and accrued and expensed, but did not pay, an estimated final withholding tax amount totaling $2,000. This estimate is expected to cover the amount of all future intercompany dividends needed to distribute the remaining earnings of the subsidiary to its parent in conjunction with the final liquidation of the subsidiary. In addition to the $9,600 in combined withholding taxes, the Reorganization will require the Company to make a one-time income tax payment of approximately $32,000. The one-time income tax payment was accrued during the first quarter of 2016; however, the Company also recorded an offsetting deferred charge for approximately the same amount because the one-time income tax payment will result in tax deductions against income taxes in future periods. Therefore, the income tax payment did not have a material impact on the Company’s earnings during the first quarter of 2016 and is not expected to have a material impact in any future fiscal quarter. The income tax payment will be paid during 2017 and is included in accrued liabilities as of March 31, 2016. The deferred charge is included in other non-current assets as of March 31, 2016. Subsequent Events We have evaluated subsequent events through the date that our consolidated condensed financial statements are issued. On April 1, 2016, we acquired all of the equity of privately-held Cincinnati Sub-Zero Products, LLC (“CSZ”) and related assets in an all-cash transaction for approximately $73,000, net of cash acquired. Based in Cincinnati, Ohio, CSZ manufactures both high quality patient temperature systems for the health care industry and custom environmental text chambers used by a wide range of industrial manufacturing companies for product testing. CSZ’s 2015 revenues were approximately $63,000. For the three months ended March 31, 2016, CSZ’s revenues were approximately $16,000.

XML 20 R9.htm IDEA: XBRL DOCUMENT

Basis of Presentation and New Accounting Pronouncements	3 Months Ended
Basis of Presentation and New Accounting Pronouncements	Mar. 31, 2016
Basis Of Presentation And New Accounting Pronouncements [Abstract]
Basis of Presentation and New Accounting Pronouncements	Note 2 – Basis of Presentation and New Accounting Pronouncements The accompanying unaudited consolidated condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and note disclosures normally included in the audited annual consolidated financial statements prepared in accordance with generally accepted accounting principles in the United States of America have been condensed or omitted pursuant to those rules and regulations. In the opinion of management, all adjustments, consisting of normal recurring items, considered necessary for a fair presentation of our results of operations, financial position and cash flows have been included. The balance sheet as of December 31, 2015 was derived from audited annual consolidated financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America. Certain reclassifications of prior year’s amounts have been made to conform with the current year’s presentation. Operating results for the three months ended March 31, 2016 is not necessarily indicative of the results that may be expected for the year ending December 31, 2016. These consolidated condensed financial statements should be read in conjunction with the financial statements and the notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2015. Financial Instruments In January, 2016, the FASB issued ASU 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” ASU 2016-01 requires equity investments not accounted for under the equity method of accounting or result in consolidation of an investee, that have readily determinable fair values to be measured at fair value with changes in the fair value recognized in net income. The update simplifies the impairment assessment for equity investments without readily determinable fair values by requiring assessment for impairment qualitatively, similar to the impairment assessment currently used for long-lived assets, goodwill and indefinite-lived intangible assets. The amendments in this update also change the disclosure requirements for financial instruments, including eliminating the requirement to disclose the method and significant assumptions used to estimate the fair value for financial instruments measured at amortized costs on the balance sheet. ASU 2016-01 is effective for fiscal years and interim periods beginning after December 15, 2017 and early adoption of the amendments in this update, in general, is not permitted. ASU 2016-01 is not expected to significantly impact the Company. Leases In February, 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” ASU 2016-02 requires lessees to recognize on their balance sheet a liability to make lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term. Payments to be made in optional periods should be included in the measurement of lease assets and liabilities if the lessee is reasonably certain it will exercise an option to extend the lease or not exercise an option to terminate the lease. While ASU 2016-02 continues to differentiate between finance or capital leases and operating leases, the principal change from current lease accounting guidance is that lease assets and liabilities arising from operating leases should be recognized on the balance sheet. ASU 2016-02 is effective for fiscal years and interim periods beginning after December 15, 2018. Early adoption of the amendments in this update is permitted. Lessees are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach which includes a number of practical expedients, including the ability to use hindsight in evaluating lessee options to extend or terminate a lease. An entity that elects to apply the practical expedients will be required to recognize a right-of-use asset and lease liability for all operating leases at each reporting date based on the present value of the remaining minimum rental payment that were tracked and disclosed under previous GAAP. We are currently in the process of determining the impact the implementation of ASU 2016-02 will have on the Company’s financial statements. Note 2 – Basis of Presentation and New Accounting Pronouncements – Continued Stock Compensation In March, 2016, the FASB issued ASU 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” ASU 2016-09 involves several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. Under the new standard, income tax benefits and deficiencies are to be recognized as income tax expense or benefit in the income statement and the tax effects of exercised or vested awards should be treated as discrete items in the reporting period in which they occur. An entity should also recognize excess tax benefits regardless of whether the benefit reduces taxes payable in the current period. Excess tax benefits should be classified along with other income tax cash flows as an operating activity. In regards to forfeitures, the entity may make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest or account for forfeitures when they occur. ASU 2016-09 is effective for fiscal years and interim periods beginning after December 15, 2016. Early adoption of the amendments in this update is permitted. The Company is currently evaluating the guidance to determine the Company's adoption method and the effect it will have on the Company's Consolidated Financial Statements. Revenue from Contracts with Customers In May, 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” ASU 2014-09 was developed to enable financial statement users to better understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The update’s core principal is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Companies are to use a five-step contract review model to ensure revenue gets recognized, measured and disclosed in accordance with this principle. ASU 2014-09 was to be effective for fiscal years and interim periods beginning after December 15, 2016. On July 9, 2015, the FASB decided to defer by one year the effective date for both public and nonpublic entities. As a result, ASU 2014-09 is now effective for fiscal years and interim periods beginning after December 15, 2017. The amendments in this update will be applied retrospectively either to each prior reporting period presented or to disclose the cumulative effect recognized at the date of initial application. Gentherm has developed a plan to complete the five-step contract review process for all existing contracts with customers. We are currently in the process of determining the impact the implementation of ASU 2014-09 will have on the Company’s financial statements. Inventory – Simplifying the Measurement of Inventory In July, 2015, the FASB issued ASU 2015-11, “ Inventory (Topic 330) Simplifying the Measurement of Inventory.” The update requires that inventory measured using any method other than last-in, first-out (LIFO) or the retail inventory method shall be measured at the lower of cost and net realizable value. ASU 2015-11 is effective for fiscal years and interim periods beginning after December 15, 2016 and is not expected to significantly impact the Company. Balance Sheet Classification of Deferred Taxes In November, 2015, the FASB issued ASU 2015-17, “ Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes.” ASU 2015-17 no longer requires an entity to separate deferred income tax liabilities and assets into current and noncurrent amounts on the balance sheet. Instead, for each tax paying component and within each tax jurisdiction all deferred tax liabilities and assets, as well as related valuation allowance, shall be offset and presented as a single noncurrent amount. Entities will continue to not offset deferred tax liabilities and assets attributable to different tax-paying components of the entity or to different tax jurisdictions. ASU 2015-17 is effective for fiscal years and interim periods beginning after December 15, 2016, though earlier application is permitted. The update can be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. We anticipate adoption of ASU 2015-17 will impact our presentation of deferred tax liabilities and assets on the consolidated condensed balance sheets.

XML 21 R10.htm IDEA: XBRL DOCUMENT

Earnings per Share

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Earnings per Share

Note 3 – Earnings per Share

The following summarizes the Common Stock included in the basic and diluted shares, as disclosed on the face of the consolidated condensed statements of income:

	Three Months Ended March 31,
	2016		2015
Weighted average number of shares for calculation of basic EPS		36,356,973		35,769,190
Stock options under equity incentive plans		193,890		475,505
Weighted average number of shares for calculation of diluted EPS		36,550,863		36,244,695

	Three Months Ended March 31,
	2016		2015
Stock options outstanding for equity incentive plans		1,062,534		—

XML 22 R11.htm IDEA: XBRL DOCUMENT

Segment Reporting

3 Months Ended

Mar. 31, 2016

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:

●

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

Note 4 – Segment Reporting – Continued

Three Months Ended March 31,	Automotive		Industrial			Reconciling Items			Consolidated Total

2016:
Product revenues	$	210,435	$	5,279		$	—		$	215,714
Depreciation and amortization		7,283		390			491			8,164
Operating income (loss)		42,701		(2,616	)		(10,200	)		29,885
2015:
Product revenues	$	199,443	$	7,466		$	—		$	206,909
Depreciation and amortization		6,316		489			654			7,459
Operating income (loss)		40,682		(1,287	)		(12,318	)		27,077

Total product revenues information by geographic area is as follows:

	Three Months Ended March 31,
	2016				2015
United States	$	101,740	47	%	$	95,304	46	%
South Korea		19,096	9	%		22,863	11	%
Germany		18,167	8	%		18,840	9	%
China		17,422	8	%		17,970	9	%
Japan		12,234	6	%		11,185	5	%
Czech Republic		9,671	5	%		6,159	3	%
Canada		8,982	4	%		5,485	3	%
United Kingdom		6,667	3	%		6,988	3	%
Mexico		5,581	3	%		5,433	3	%
Other		16,154	7	%		16,682	8	%
Total Non U.S.		113,974	53	%		111,605	54	%
	$	215,714	100	%	$	206,909	100	%

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599

+ Details

XML 23 R12.htm IDEA: XBRL DOCUMENT

Debt

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Debt

Note 5 – Debt

Credit Agreement

Note 5 – Debt – Continued

The Company also has two fixed interest rate loans with the German Investment Corporation (“DEG”), a subsidiary of KfW Banking Group, a Germany government-owned development bank:

DEG China Loan

DEG Vietnam Loan

The following table summarizes the Company’s debt at March 31, 2016 and at December 31, 2015.

	March 31, 2016						December 31, 2015
	Interest Rate			Principal Balance			Principal Balance
Credit Agreement:
U.S. Term Loan				$	—		$	46,875
Europe Term Loan					—			20,369
Revolving Note (U.S. Dollar Denominations)		1.97	%		133,875			12,000
Revolving Note (Euro Denominations)		1.50	%		21,370			—
DEG China Loan		4.25	%		3,191			3,497
DEG Vietnam Loan		5.21	%		15,000			15,000
Total debt					173,436			97,741
Current portion					(912	)		(4,909	)
Long-term debt, less current maturities				$	172,524		$	92,832

Note 5 – Debt – Continued

The scheduled principal maturities of our debt as of March 31, 2016 is as follows:

Year	Revolving Note (U.S. Dollar)		Revolving Note (Euro)		DEG China Note		DEG Vietnam Note		Total
2016	$	—	$	—	$	456	$	—	$	456
2017		—		—		911		1,250		2,161
2018		—		—		912		2,500		3,412
2019		—		—		912		2,500		3,412
2020		—		—		—		2,500		2,500
2021		133,875		21,370		—		2,500		157,745
Thereafter		—		—		—		3,750		3,750
Total	$	133,875	$	21,370	$	3,191	$	15,000	$	173,436

XML 24 R13.htm IDEA: XBRL DOCUMENT

Derivative Financial Instruments

3 Months Ended

Mar. 31, 2016

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

Note 6 – Derivative Financial Instruments

Note 6 – Derivative Financial Instruments – Continued

Information related to the recurring fair value measurement of derivative instruments in our consolidated condensed balance sheet as of March 31, 2016 is as follows:

Asset Derivatives

Liability Derivatives

Net Asset/
(Liabilities)

Hedge
Designation

Fair Value
Hierarchy

Balance Sheet
Location

Fair
Value

Balance Sheet
Location

Fair
Value

Foreign currency derivatives

Cash flow hedge

Level 2

Current assets

1,324

Commodity derivatives

Cash flow hedge

Level 2

Current liabilities

(429

)

(429

)

Information relating to the effect of derivative instruments on our consolidated condensed statements of income is as follows:

	Location	Three Months Ended March 31, 2016			Three Months Ended March 31, 2015
Foreign currency derivatives	Revaluation of derivatives	$	—		$	6,197
	Cost of sales		35			(128	)
	Selling, general and administrative		139			21
	Other comprehensive income		1,293			(347	)
	Foreign currency (loss) gain		78			207
Total foreign currency derivatives		$	1,545		$	5,950
Commodity derivatives	Cost of sales	$	(211	)	$	(7,161	)
	Other comprehensive income	$	296		$	—
Total commodity derivatives		$	85		$	(7,161	)

We did not incur any hedge ineffectiveness during the three months ended March 31, 2016 and 2015.

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=56946850&loc=d3e41641-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624163-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=56946850&loc=d3e41678-113959

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=56946850&loc=d3e41638-113959

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5580258-113959

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5579245-113959

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 25
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5579240-113959

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=56946850&loc=d3e41620-113959

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n)(2))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

XML 25 R14.htm IDEA: XBRL DOCUMENT

Fair Value Measurement	3 Months Ended
Fair Value Measurement	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurement	Note 7 – Fair Value Measurement The Company bases fair value on a price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. We have adopted a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three broad levels, which are described below: Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities. The fair value hierarchy gives the highest priority to Level 1 inputs. Level 2: Inputs, other than quoted market prices included in Level 1, that are observable either directly or indirectly for the asset or liability. Level 3: Unobservable inputs that are used when little or no market data is available. The fair value hierarchy gives the lowest priority to Level 3 inputs. In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible and also considers counterparty credit risk in its assessment of fair value. Note 7 – Fair Value Measurement – Continued Except for derivative instruments (see Note 6), pension liabilities, pension plan assets and a corporate owned life insurance policy, the Company has no financial assets and liabilities that are carried at fair value at March 31, 2016 and December 31, 2015. The carrying amounts of financial instruments comprising cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximate their fair values due to the relatively short maturity of such instruments. The Company uses an income valuation technique to measure the fair values of its debt instruments by converting amounts of future cash flows to a single present value amount using rates based on current market expectations (Level 2 inputs). As of March 31, 2016 and December 31, 2015, the carrying values of the Company’s Amended Credit Agreement indebtedness and Credit Agreement indebtedness for the periods ending March 31, 2016 and December 31, 2015, respectively, were not materially different than their estimated fair values because the interest rates on variable rate debt approximated rates currently available to the Company (see Note 5). Discount rates used to measure the fair value of Gentherm’s DEG Vietnam Loan and DEG China Loan are based on quoted swap rates. As of March 31, 2016, the carrying values of the DEG Vietnam Loan and DEG China Loan were $15,000 and $3,191, respectively, as compared to an estimated fair value of $15,543 and $3,782, respectively. As of December 31, 2015, the carrying value of the DEG Vietnam Loan and DEG China Loan were $15,000 and $3,497, respectively, as compared to an estimated fair value of $15,056 and $3,588, respectively. Certain Company assets are required to be recorded at fair value on a non-recurring basis when events and circumstances indicate that the carrying value may not be recoverable. As of March 31, 2016 and December 31, 2015, the Company did not realize any changes to the fair value of these assets due to the non-occurrence of events or circumstances that could negatively impact their recoverability.

XML 26 R15.htm IDEA: XBRL DOCUMENT

Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

Note 8 – Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

Reclassification adjustments and other activities impacting accumulated other comprehensive income (loss) during the three months ended March 31, 2016 and March 31, 2015 are as follows:

	Defined Benefit Pension Plans			Foreign Currency Translation Adjustments			Commodity Hedge Derivatives			Foreign Currency Hedge Derivatives			Total
Balance at December 31, 2015	$	(2,060	)	$	(49,381	)	$	(229	)	$	—		$	(51,670	)
Other comprehensive income (loss) before reclassifications		—			7,910			114			1,293			9,317
Income tax effect of other comprehensive income (loss) before reclassifications		—			1,242			(42	)		(347	)		853
Amounts reclassified from accumulated other comprehensive income (loss) into net income		—			—			182	^a		—			182
Income taxes reclassified into net income		—			—			(67	)		—			(67	)
Net current period other comprehensive income (loss)		—			9,152			187			946			10,285
Balance at March 31, 2016	$	(2,060	)	$	(40,229	)	$	(42	)	$	946		$	(41,385	)

(a)	The amounts reclassified from accumulated other comprehensive income are included in cost of sales.

Note 8 – Reclassifications Out of Accumulated Other Comprehensive Income (Loss) – Continued

	Defined Benefit Pension Plans			Foreign Currency Translation Adjustments			Commodity Hedge Derivatives		Foreign Currency Hedge Derivatives			Total
Balance at December 31, 2014	$	(2,673	)	$	(23,060	)	$	—	$	(10	)	$	(25,743	)
Other comprehensive income (loss) before reclassifications		—			(19,605	)		76		(357	)		(19,886	)
Income tax effect of other comprehensive income (loss) before reclassifications		—			467			—		89			556
Amounts reclassified from accumulated other comprehensive income (loss) into net income		—			—			—		10	^a		10
Income taxes reclassified into net income		—			—			—		—			—
Net current period other comprehensive income (loss)		—			(19,138	)		76		(258	)		(19,320	)
Balance at March 31, 2015	$	(2,673	)	$	(42,198	)	$	76	$	(268	)	$	(45,063	)

(a)	The amounts reclassified from accumulated other comprehensive income are included in cost of sales.

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e689-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669619-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e640-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e716-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e709-108580

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e637-108580

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e681-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Reclassification Adjustments
-URI http://asc.fasb.org/extlink&oid=6522872

+ Details

XML 27 R16.htm IDEA: XBRL DOCUMENT

Basis of Presentation and New Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2016
Basis Of Presentation And New Accounting Pronouncements [Abstract]
Financial Instruments	Financial Instruments In January, 2016, the FASB issued ASU 2016-01, “Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities” ASU 2016-01 requires equity investments not accounted for under the equity method of accounting or result in consolidation of an investee, that have readily determinable fair values to be measured at fair value with changes in the fair value recognized in net income. The update simplifies the impairment assessment for equity investments without readily determinable fair values by requiring assessment for impairment qualitatively, similar to the impairment assessment currently used for long-lived assets, goodwill and indefinite-lived intangible assets. The amendments in this update also change the disclosure requirements for financial instruments, including eliminating the requirement to disclose the method and significant assumptions used to estimate the fair value for financial instruments measured at amortized costs on the balance sheet. ASU 2016-01 is effective for fiscal years and interim periods beginning after December 15, 2017 and early adoption of the amendments in this update, in general, is not permitted. ASU 2016-01 is not expected to significantly impact the Company.
Leases	Leases In February, 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” ASU 2016-02 requires lessees to recognize on their balance sheet a liability to make lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term. Payments to be made in optional periods should be included in the measurement of lease assets and liabilities if the lessee is reasonably certain it will exercise an option to extend the lease or not exercise an option to terminate the lease. While ASU 2016-02 continues to differentiate between finance or capital leases and operating leases, the principal change from current lease accounting guidance is that lease assets and liabilities arising from operating leases should be recognized on the balance sheet. ASU 2016-02 is effective for fiscal years and interim periods beginning after December 15, 2018. Early adoption of the amendments in this update is permitted. Lessees are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach which includes a number of practical expedients, including the ability to use hindsight in evaluating lessee options to extend or terminate a lease. An entity that elects to apply the practical expedients will be required to recognize a right-of-use asset and lease liability for all operating leases at each reporting date based on the present value of the remaining minimum rental payment that were tracked and disclosed under previous GAAP. We are currently in the process of determining the impact the implementation of ASU 2016-02 will have on the Company’s financial statements.
Stock Compensation	Stock Compensation In March, 2016, the FASB issued ASU 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” ASU 2016-09 involves several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. Under the new standard, income tax benefits and deficiencies are to be recognized as income tax expense or benefit in the income statement and the tax effects of exercised or vested awards should be treated as discrete items in the reporting period in which they occur. An entity should also recognize excess tax benefits regardless of whether the benefit reduces taxes payable in the current period. Excess tax benefits should be classified along with other income tax cash flows as an operating activity. In regards to forfeitures, the entity may make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest or account for forfeitures when they occur. ASU 2016-09 is effective for fiscal years and interim periods beginning after December 15, 2016. Early adoption of the amendments in this update is permitted. The Company is currently evaluating the guidance to determine the Company's adoption method and the effect it will have on the Company's Consolidated Financial Statements.
Revenue from Contracts with Customers	Revenue from Contracts with Customers In May, 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” ASU 2014-09 was developed to enable financial statement users to better understand the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The update’s core principal is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Companies are to use a five-step contract review model to ensure revenue gets recognized, measured and disclosed in accordance with this principle. ASU 2014-09 was to be effective for fiscal years and interim periods beginning after December 15, 2016. On July 9, 2015, the FASB decided to defer by one year the effective date for both public and nonpublic entities. As a result, ASU 2014-09 is now effective for fiscal years and interim periods beginning after December 15, 2017. The amendments in this update will be applied retrospectively either to each prior reporting period presented or to disclose the cumulative effect recognized at the date of initial application. Gentherm has developed a plan to complete the five-step contract review process for all existing contracts with customers. We are currently in the process of determining the impact the implementation of ASU 2014-09 will have on the Company’s financial statements.
Inventory – Simplifying the Measurement of Inventory	Inventory – Simplifying the Measurement of Inventory In July, 2015, the FASB issued ASU 2015-11, “ Inventory (Topic 330) Simplifying the Measurement of Inventory.” The update requires that inventory measured using any method other than last-in, first-out (LIFO) or the retail inventory method shall be measured at the lower of cost and net realizable value. ASU 2015-11 is effective for fiscal years and interim periods beginning after December 15, 2016 and is not expected to significantly impact the Company.
Balance Sheet Classification of Deferred Taxes	Balance Sheet Classification of Deferred Taxes In November, 2015, the FASB issued ASU 2015-17, “ Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes.” ASU 2015-17 no longer requires an entity to separate deferred income tax liabilities and assets into current and noncurrent amounts on the balance sheet. Instead, for each tax paying component and within each tax jurisdiction all deferred tax liabilities and assets, as well as related valuation allowance, shall be offset and presented as a single noncurrent amount. Entities will continue to not offset deferred tax liabilities and assets attributable to different tax-paying components of the entity or to different tax jurisdictions. ASU 2015-17 is effective for fiscal years and interim periods beginning after December 15, 2016, though earlier application is permitted. The update can be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. We anticipate adoption of ASU 2015-17 will impact our presentation of deferred tax liabilities and assets on the consolidated condensed balance sheets.

- Definition

Disclosure of accounting policy for leasing arrangements (both lessor and lessee). This disclosure may address (1) lease classification (that is, operating versus capital), (2) how the term of a lease is determined (for example, the circumstances in which a renewal option is considered part of the lease term), (3) how rental revenue or expense is recognized for a lease that contains rent escalations, (4) an entity's accounting treatment for deferred rent, including that which arises from lease incentives, rent abatements, rent holidays, or tenant allowances (5) an entity's accounting treatment for contingent rental payments and (6) an entity's policy for reviewing, at least annually, the residual values of sales-type and direct-finance leases. The disclosure also may indicate how the entity accounts for its capital leases, leveraged leases or sale-leaseback transactions.

+ References + Details

XML 28 R17.htm IDEA: XBRL DOCUMENT

Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Basic and Diluted Shares of Consolidated Condensed Statements of Income

The following summarizes the Common Stock included in the basic and diluted shares, as disclosed on the face of the consolidated condensed statements of income:

	Three Months Ended March 31,
	2016		2015
Weighted average number of shares for calculation of basic EPS		36,356,973		35,769,190
Stock options under equity incentive plans		193,890		475,505
Weighted average number of shares for calculation of diluted EPS		36,550,863		36,244,695

Common Stock Issuable upon Exercise of Certain Stock Options

	Three Months Ended March 31,
	2016		2015
Stock options outstanding for equity incentive plans		1,062,534		—

XML 29 R18.htm IDEA: XBRL DOCUMENT

Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2016

Segment Reporting [Abstract]

Segment Information about Reported Product Revenues, Depreciation and Amortization and Operating Income (Loss)

Note 4 – Segment Reporting – Continued

Three Months Ended March 31,	Automotive		Industrial			Reconciling Items			Consolidated Total

2016:
Product revenues	$	210,435	$	5,279		$	—		$	215,714
Depreciation and amortization		7,283		390			491			8,164
Operating income (loss)		42,701		(2,616	)		(10,200	)		29,885
2015:
Product revenues	$	199,443	$	7,466		$	—		$	206,909
Depreciation and amortization		6,316		489			654			7,459
Operating income (loss)		40,682		(1,287	)		(12,318	)		27,077

Product Revenues Information by Geographic Area

Total product revenues information by geographic area is as follows:

	Three Months Ended March 31,
	2016				2015
United States	$	101,740	47	%	$	95,304	46	%
South Korea		19,096	9	%		22,863	11	%
Germany		18,167	8	%		18,840	9	%
China		17,422	8	%		17,970	9	%
Japan		12,234	6	%		11,185	5	%
Czech Republic		9,671	5	%		6,159	3	%
Canada		8,982	4	%		5,485	3	%
United Kingdom		6,667	3	%		6,988	3	%
Mexico		5,581	3	%		5,433	3	%
Other		16,154	7	%		16,682	8	%
Total Non U.S.		113,974	53	%		111,605	54	%
	$	215,714	100	%	$	206,909	100	%

XML 30 R19.htm IDEA: XBRL DOCUMENT

Debt (Tables)

3 Months Ended

Mar. 31, 2016

Debt Disclosure [Abstract]

Summary of Company's Debt

The following table summarizes the Company’s debt at March 31, 2016 and at December 31, 2015.

	March 31, 2016						December 31, 2015
	Interest Rate			Principal Balance			Principal Balance
Credit Agreement:
U.S. Term Loan				$	—		$	46,875
Europe Term Loan					—			20,369
Revolving Note (U.S. Dollar Denominations)		1.97	%		133,875			12,000
Revolving Note (Euro Denominations)		1.50	%		21,370			—
DEG China Loan		4.25	%		3,191			3,497
DEG Vietnam Loan		5.21	%		15,000			15,000
Total debt					173,436			97,741
Current portion					(912	)		(4,909	)
Long-term debt, less current maturities				$	172,524		$	92,832

Principal Maturities of Debt

The scheduled principal maturities of our debt as of March 31, 2016 is as follows:

Year	Revolving Note (U.S. Dollar)		Revolving Note (Euro)		DEG China Note		DEG Vietnam Note		Total
2016	$	—	$	—	$	456	$	—	$	456
2017		—		—		911		1,250		2,161
2018		—		—		912		2,500		3,412
2019		—		—		912		2,500		3,412
2020		—		—		—		2,500		2,500
2021		133,875		21,370		—		2,500		157,745
Thereafter		—		—		—		3,750		3,750
Total	$	133,875	$	21,370	$	3,191	$	15,000	$	173,436

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

+ Details

XML 31 R20.htm IDEA: XBRL DOCUMENT

Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2016

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Information related to the recurring fair value measurement of derivative instruments in our consolidated condensed balance sheet as of March 31, 2016 is as follows:

Asset Derivatives

Liability Derivatives

Net Asset/
(Liabilities)

Hedge
Designation

Fair Value
Hierarchy

Balance Sheet
Location

Fair
Value

Balance Sheet
Location

Fair
Value

Foreign currency derivatives

Cash flow hedge

Level 2

Current assets

1,324

Commodity derivatives

Cash flow hedge

Level 2

Current liabilities

(429

)

(429

)

Information relating to the effect of derivative instruments on our consolidated condensed statements of income is as follows:

	Location	Three Months Ended March 31, 2016			Three Months Ended March 31, 2015
Foreign currency derivatives	Revaluation of derivatives	$	—		$	6,197
	Cost of sales		35			(128	)
	Selling, general and administrative		139			21
	Other comprehensive income		1,293			(347	)
	Foreign currency (loss) gain		78			207
Total foreign currency derivatives		$	1,545		$	5,950
Commodity derivatives	Cost of sales	$	(211	)	$	(7,161	)
	Other comprehensive income	$	296		$	—
Total commodity derivatives		$	85		$	(7,161	)

XML 32 R21.htm IDEA: XBRL DOCUMENT

Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Schedule of Reclassification Adjustments and Other Activities Impacting Accumulated Other Comprehensive Income (Loss)

Reclassification adjustments and other activities impacting accumulated other comprehensive income (loss) during the three months ended March 31, 2016 and March 31, 2015 are as follows:

	Defined Benefit Pension Plans			Foreign Currency Translation Adjustments			Commodity Hedge Derivatives			Foreign Currency Hedge Derivatives			Total
Balance at December 31, 2015	$	(2,060	)	$	(49,381	)	$	(229	)	$	—		$	(51,670	)
Other comprehensive income (loss) before reclassifications		—			7,910			114			1,293			9,317
Income tax effect of other comprehensive income (loss) before reclassifications		—			1,242			(42	)		(347	)		853
Amounts reclassified from accumulated other comprehensive income (loss) into net income		—			—			182	^a		—			182
Income taxes reclassified into net income		—			—			(67	)		—			(67	)
Net current period other comprehensive income (loss)		—			9,152			187			946			10,285
Balance at March 31, 2016	$	(2,060	)	$	(40,229	)	$	(42	)	$	946		$	(41,385	)

(a)	The amounts reclassified from accumulated other comprehensive income are included in cost of sales.

Note 8 – Reclassifications Out of Accumulated Other Comprehensive Income (Loss) – Continued

	Defined Benefit Pension Plans			Foreign Currency Translation Adjustments			Commodity Hedge Derivatives		Foreign Currency Hedge Derivatives			Total
Balance at December 31, 2014	$	(2,673	)	$	(23,060	)	$	—	$	(10	)	$	(25,743	)
Other comprehensive income (loss) before reclassifications		—			(19,605	)		76		(357	)		(19,886	)
Income tax effect of other comprehensive income (loss) before reclassifications		—			467			—		89			556
Amounts reclassified from accumulated other comprehensive income (loss) into net income		—			—			—		10	^a		10
Income taxes reclassified into net income		—			—			—		—			—
Net current period other comprehensive income (loss)		—			(19,138	)		76		(258	)		(19,320	)
Balance at March 31, 2015	$	(2,673	)	$	(42,198	)	$	76	$	(268	)	$	(45,063	)

(a)	The amounts reclassified from accumulated other comprehensive income are included in cost of sales.

XML 33 R22.htm IDEA: XBRL DOCUMENT

The Company and Subsequent Events - Additional Information (Detail) - USD ($) $ in Thousands		3 Months Ended		12 Months Ended
	Apr. 01, 2016	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Nature Of Company [Line Items]
Amount paid withholding tax in Canadian Revenue Agency		$ 6,300
Combined withholding taxes relates to reorganization		9,600
Accrued one-time income tax payment		32,000
Businesses acquisition, net of cash consideration			$ 47
Cincinnati Sub-Zero Products, LLC
Nature Of Company [Line Items]
Revenues		$ 16,000		$ 63,000
Subsequent Event
Nature Of Company [Line Items]
Amount paid withholding tax in Canadian Revenue Agency	$ 1,300
Expects to pay withholding tax amount in Canadian Revenue Agency	2,000
Subsequent Event \| Cincinnati Sub-Zero Products, LLC
Nature Of Company [Line Items]
Businesses acquisition, net of cash consideration	$ 73,000

XML 34 R23.htm IDEA: XBRL DOCUMENT

Earnings per Share (Detail) - shares	3 Months Ended
Earnings per Share (Detail) - shares	Mar. 31, 2016	Mar. 31, 2015
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Weighted average number of shares for calculation of basic EPS	36,356,973	35,769,190
Stock options under equity incentive plans	193,890	475,505
Weighted average number of shares for calculation of diluted EPS	36,550,863	36,244,695
Stock options outstanding for equity incentive plans
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Common stock that have been excluded from the diluted shares calculation	1,062,534

XML 35 R24.htm IDEA: XBRL DOCUMENT

Segment Reporting - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Segment Reporting Information [Line Items]
Goodwill	$ 28,826	$ 27,765
Automotive Segments
Segment Reporting Information [Line Items]
Goodwill	22,675		$ 21,368
Industrial Segments
Segment Reporting Information [Line Items]
Goodwill	$ 6,151		$ 6,305

XML 36 R25.htm IDEA: XBRL DOCUMENT

Segment Information about Reported Product Revenues, Depreciation and Amortization and Operating Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Product revenues	$ 215,714	$ 206,909
Depreciation and amortization	8,164	7,459
Operating income (loss)	29,885	27,077
Operating Segments \| Automotive Segments
Segment Reporting Information [Line Items]
Product revenues	210,435	199,443
Depreciation and amortization	7,283	6,316
Operating income (loss)	42,701	40,682
Operating Segments \| Industrial Segments
Segment Reporting Information [Line Items]
Product revenues	5,279	7,466
Depreciation and amortization	390	489
Operating income (loss)	(2,616)	(1,287)
Reconciling Items
Segment Reporting Information [Line Items]
Depreciation and amortization	491	654
Operating income (loss)	$ (10,200)	$ (12,318)

XML 37 R26.htm IDEA: XBRL DOCUMENT

Segment Reporting (Detail) - USD ($) $ in Thousands	3 Months Ended
Segment Reporting (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Product revenues	$ 215,714	$ 206,909
Sales Revenue, Net \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Total product revenues in percentage	100.00%	100.00%
United States
Segment Reporting Information [Line Items]
Product revenues	$ 101,740	$ 95,304
United States \| Sales Revenue, Net \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Total product revenues in percentage	47.00%	46.00%
South Korea
Segment Reporting Information [Line Items]
Product revenues	$ 19,096	$ 22,863
South Korea \| Sales Revenue, Net \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Total product revenues in percentage	9.00%	11.00%
Germany
Segment Reporting Information [Line Items]
Product revenues	$ 18,167	$ 18,840
Germany \| Sales Revenue, Net \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Total product revenues in percentage	8.00%	9.00%
China
Segment Reporting Information [Line Items]
Product revenues	$ 17,422	$ 17,970
China \| Sales Revenue, Net \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Total product revenues in percentage	8.00%	9.00%
Japan
Segment Reporting Information [Line Items]
Product revenues	$ 12,234	$ 11,185
Japan \| Sales Revenue, Net \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Total product revenues in percentage	6.00%	5.00%
Czech Republic
Segment Reporting Information [Line Items]
Product revenues	$ 9,671	$ 6,159
Czech Republic \| Sales Revenue, Net \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Total product revenues in percentage	5.00%	3.00%
Canada
Segment Reporting Information [Line Items]
Product revenues	$ 8,982	$ 5,485
Canada \| Sales Revenue, Net \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Total product revenues in percentage	4.00%	3.00%
United Kingdom
Segment Reporting Information [Line Items]
Product revenues	$ 6,667	$ 6,988
United Kingdom \| Sales Revenue, Net \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Total product revenues in percentage	3.00%	3.00%
Mexico
Segment Reporting Information [Line Items]
Product revenues	$ 5,581	$ 5,433
Mexico \| Sales Revenue, Net \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Total product revenues in percentage	3.00%	3.00%
Other
Segment Reporting Information [Line Items]
Product revenues	$ 16,154	$ 16,682
Other \| Sales Revenue, Net \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Total product revenues in percentage	7.00%	8.00%
Non U.S.
Segment Reporting Information [Line Items]
Product revenues	$ 113,974	$ 111,605
Non U.S. \| Sales Revenue, Net \| Geographic Concentration Risk
Segment Reporting Information [Line Items]
Total product revenues in percentage	53.00%	54.00%

XML 38 R27.htm IDEA: XBRL DOCUMENT

Debt - Additional Information (Detail) - USD ($)		3 Months Ended	6 Months Ended
Debt - Additional Information (Detail) - USD ($)	Mar. 17, 2016	Mar. 31, 2016	Sep. 30, 2016	Mar. 16, 2016
Debt Instrument [Line Items]
Maximum percentage of stock of non US subsidiaries pledge to secure obligation	66.00%
Revolving Note
Debt Instrument [Line Items]
Line of credit facility, due date		Mar. 17, 2021
Federal Funds Rate \| Minimum
Debt Instrument [Line Items]
Interest rate		0.25%
Federal Funds Rate \| Maximum
Debt Instrument [Line Items]
Interest rate		0.50%
London Interbank Offered Rate
Debt Instrument [Line Items]
Interest rate		0.38%
Revolving Note (U.S. Dollar)
Debt Instrument [Line Items]
Aggregate principal amount available for borrowing	$ 250,000,000			$ 100,000,000
United State Bank Of America Credit Facility
Debt Instrument [Line Items]
Interest rate		3.50%
Euro Currency Rate Loans \| Scenario, Forecast
Debt Instrument [Line Items]
Interest rate			1.50%
Euro Currency Rate Loans \| Minimum
Debt Instrument [Line Items]
Interest rate	1.25%	0.00%
Euro Currency Rate Loans \| Maximum
Debt Instrument [Line Items]
Interest rate	2.00%	1.00%
Base Rate Loans \| Scenario, Forecast
Debt Instrument [Line Items]
Interest rate			0.50%
Base Rate Loans \| Minimum
Debt Instrument [Line Items]
Interest rate	0.25%
Base Rate Loans \| Maximum
Debt Instrument [Line Items]
Interest rate	1.00%
DEG Loan
Debt Instrument [Line Items]
Semi-annual principal payments earliest date		2015-03
Semi-annual principal payments latest date		2019-09
DEG Vietnam Loan
Debt Instrument [Line Items]
Semi-annual principal payments earliest date		2017-11
Semi-annual principal payments latest date		2023-05

XML 39 R28.htm IDEA: XBRL DOCUMENT

Summary of Company's Debt (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total debt	$ 173,436	$ 97,741
Current portion	(912)	(4,909)
Long-term debt, less current maturities	$ 172,524	92,832
Revolving Note (U.S. Dollar Denominations)
Debt Instrument [Line Items]
Interest Rate	1.97%
Total debt	$ 133,875	12,000
Revolving Note (Euro Denominations)
Debt Instrument [Line Items]
Interest Rate	1.50%
Total debt	$ 21,370
DEG China Loan
Debt Instrument [Line Items]
Interest Rate	4.25%
Total debt	$ 3,191	3,497
DEG Vietnam Loan
Debt Instrument [Line Items]
Interest Rate	5.21%
Total debt	$ 15,000	15,000
U.S. Term Loan
Debt Instrument [Line Items]
Total debt		46,875
Europe Term Loan
Debt Instrument [Line Items]
Total debt		$ 20,369

XML 40 R29.htm IDEA: XBRL DOCUMENT

Principal Maturities of Debt (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Debt maturing in 2016	$ 456
Debt maturing in 2017	2,161
Debt maturing in 2018	3,412
Debt maturing in 2019	3,412
Debt maturing in 2020	2,500
Debt maturing in 2021	157,745
Thereafter	3,750
Total debt	173,436	$ 97,741
Revolving Note (U.S. Dollar)
Debt Instrument [Line Items]
Debt maturing in 2021	133,875
Total debt	133,875	12,000
Revolving Note (Euro)
Debt Instrument [Line Items]
Debt maturing in 2021	21,370
Total debt	21,370
DEG China Loan
Debt Instrument [Line Items]
Debt maturing in 2016	456
Debt maturing in 2017	911
Debt maturing in 2018	912
Debt maturing in 2019	912
Total debt	3,191	3,497
DEG Vietnam Loan
Debt Instrument [Line Items]
Debt maturing in 2017	1,250
Debt maturing in 2018	2,500
Debt maturing in 2019	2,500
Debt maturing in 2020	2,500
Debt maturing in 2021	2,500
Thereafter	3,750
Total debt	$ 15,000	$ 15,000

XML 41 R30.htm IDEA: XBRL DOCUMENT

Derivative Financial Instruments - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Derivative [Line Items]
Maximum length of time to hedge exposure to foreign currency exchange risk	1 year
Maximum length of time to hedge exposure to price fluctuations in material commodities	2 years
Foreign Currency Derivatives
Derivative [Line Items]
Notional Value	$ 24,944,000		$ 0
Commodity Derivatives
Derivative [Line Items]
Notional Value	4,071,000		$ 4,885,000
Interest Rate Swap
Derivative [Line Items]
Hedge Ineffectiveness Incurred	$ 0	$ 0

XML 42 R31.htm IDEA: XBRL DOCUMENT

Information Related to Recurring Fair Value Measurement of Derivative Instruments in Our Consolidated Condensed Balance Sheet (Detail) - Fair Value, Inputs, Level 2 - Designated as Hedging Instrument $ in Thousands	Mar. 31, 2016 USD ($)
Foreign Currency Derivatives \| Current Assets
Derivatives Fair Value [Line Items]
Asset Derivatives, Fair Value	$ 1,324
Net Asset/ (Liabilities)	1,324
Commodity Derivatives \| Current Liabilities
Derivatives Fair Value [Line Items]
Liability Derivatives, Fair value	(429)
Net Asset/ (Liabilities)	$ (429)

XML 43 R32.htm IDEA: XBRL DOCUMENT

Information Related to Effect of Derivative Instruments on Our Consolidated Condensed Statements of Income (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Derivative Instruments Gain Loss [Line Items]
Gain (loss) on derivatives	$ 1,545	$ 5,950
Commodity Derivatives
Derivative Instruments Gain Loss [Line Items]
Gain (loss) on derivatives	85	(7,161)
Other Comprehensive Income (Loss) \| Foreign Currency Derivatives
Derivative Instruments Gain Loss [Line Items]
Gain (loss) on derivatives	1,293	(347)
Other Comprehensive Income (Loss) \| Commodity Derivatives
Derivative Instruments Gain Loss [Line Items]
Gain (loss) on derivatives	296
Revaluation of Derivatives \| Foreign Currency Derivatives
Derivative Instruments Gain Loss [Line Items]
Gain (loss) on derivatives		6,197
Cost of Sales \| Foreign Currency Derivatives
Derivative Instruments Gain Loss [Line Items]
Gain (loss) on derivatives	35	(128)
Cost of Sales \| Commodity Derivatives
Derivative Instruments Gain Loss [Line Items]
Gain (loss) on derivatives	(211)	(7,161)
Selling, General and Administrative Expense \| Foreign Currency Derivatives
Derivative Instruments Gain Loss [Line Items]
Gain (loss) on derivatives	139	21
Foreign Currency (Loss) Gain \| Foreign Currency Derivatives
Derivative Instruments Gain Loss [Line Items]
Gain (loss) on derivatives	$ 78	$ 207

XML 44 R33.htm IDEA: XBRL DOCUMENT

Fair Value Measurement - Additional Information (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Financial assets, fair value	$ 0	$ 0
Financial liabilities, fair value	0	0
Carrying value	173,436,000	97,741,000
Changes to fair value of assets, realized	0	0
DEG Vietnam Loan
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying value	15,000,000	15,000,000
Fair value	15,543,000	15,056,000
DEG China Loan
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying value	3,191,000	3,497,000
Fair value	$ 3,782,000	$ 3,588,000

XML 45 R34.htm IDEA: XBRL DOCUMENT

Schedule of Reclassification Adjustments and Other Activities Impacting Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2016

Mar. 31, 2015

Accumulated Other Comprehensive Income Loss [Line Items]

Balance at December 31, 2015

$ (51,670)

$ (25,743)

Other comprehensive income (loss) before reclassifications

9,317

(19,886)

Income tax effect of other comprehensive income (loss) before reclassifications

853