Pension and Other Post Retirement Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2016

Defined Benefit Plan Disclosure [Line Items]

Benefit Obligation, Amounts Recognized Company's Financial Statements and Principal Assumptions

The Company records a projected benefit obligation representing the present value of future plan benefits when earned by the participant. The following table sets forth the benefit obligation, amounts recognized in the Company’s financial statements and the principal assumptions used:

	2016		2015
Change in projected benefit obligation:
Benefit obligation at beginning of year	$	2,898	$	2,474
Service cost		387		379
Interest cost		98		80
Actuarial (gain) loss		36		(35	)
Benefit obligation at end of year	$	3,419	$	2,898

Components of Net Periodic Pension Benefit Cost

Components of the Plan’s net periodic pension benefit cost for the years ended December 31, 2016, 2015 and 2014 are as follows:

	2016		2015		2014
Service cost	$	387	$	379	$	335
Interest cost		98		80		78
Amortization of actuarial losses		—		27		—
Net periodic benefit cost	$	485	$	486	$	413

Pretax Amounts Recognized in Other Comprehensive Income

Pretax amounts recognized in other comprehensive income for the years ended December 31, 2016, 2015 and 2014 are as follows

	2016		2015		2014
Actuarial Losses/(gains)	$	36	$	(35)	$	213
Amortization of actuarial losses		—		(27)		—
	$	36	$	(62)	$	213

Fair Value of Plan Assets

The following table sets forth the fair value of the plan assets for the periods ending December 31, 2016 and 2015:

	2016			2015
Change in plan assets:
Plan assets at beginning of year	$	3,333		$	3,615
Actual return on plan assets		125			126
Contributions		261			257
Paid pension distributions		(261	)		(257	)
Actuarial gains/(losses)		(27	)		(28	)
Exchange rate impact		(105	)		(380	)
Plan assets at end of year	$	3,326		$	3,333

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

The Gentherm GmbH defined benefit plan is underfunded by $4,000 and $3,647 as of December 31, 2016 and 2015, respectively. The net periodic benefit cost is included in selling, general and administrative expenses in the Company’s consolidated statements of income and actuarial gains and losses are included the Company’s consolidated balance sheet as part of accumulated other comprehensive income within shareholders’ equity. Actuarial gains or losses are amortized to selling, general and administrative expense in the Company’s consolidated statements of income using the corridor method. The following table describes the actuarial assumptions used to determine the benefit obligation and the net periodic service cost:

	2016			2015
Discount rate		1.69	%		2.21	%
Expected long term rate of return on plan assets		3.40	%		3.70	%

Schedule of Expected Pension Payments

The schedule of expected pension payments made to Gentherm GmbH defined benefit plan participants over the next 10 years is as follows:

Year
2017	$	258
2018		257
2019		255
2020		253
2021		251
2022 - 2026		1,238
Total	$	2,512

Gentherm GmbH

Defined Benefit Plan Disclosure [Line Items]

Benefit Obligation, Amounts Recognized Company's Financial Statements and Principal Assumptions

Gentherm GmbH records a projected benefit obligation representing the present value of future plan benefits when earned by the participant. The following table sets forth the benefit obligation and amounts recognized in the Company’s financial statements:

	2016			2015
Change in projected benefit obligation:
Benefit obligation at beginning of year	$	6,980		$	8,120
Service cost		—			—
Interest cost		154			142
Paid pension distributions		(261	)		(257	)
Actuarial (gains)/losses		691			(182	)
Past service cost		—			—
Exchange rate impact		(238	)		(843	)
Benefit obligation at end of year	$	7,326		$	6,980

Components of Net Periodic Pension Benefit Cost

Components of the Plan’s net periodic pension benefit cost for the years ended December 31, 2016, 2015 and 2014 are as follows:

	2016			2015			2014
Service cost	$	—			—			304
Interest cost		154			142			181
Return on plan assets		(125	)		(126	)		(89	)
Amortization of prior service cost		—			572			—
Amortization of actuarial loss (gains)		48			59			(166	)
Net periodic benefit cost	$	77			647			230

Pretax Amounts Recognized in Other Comprehensive Income

Pretax amounts recognized in other comprehensive income for the years ended December 31, 2016, 2015 and 2014 are as follows:

	2016			2015		2014
Actuarial (gains)/losses	$	718		$	(154)	$	1,916
Amortization of actuarial (losses)/gains		(48	)		(59)		166
Amortization of prior service cost		—			(572)		—
	$	(670	)	$	(785)	$	2,082