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:

● 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.  

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	%