During 2018, the Company determined that its Gentherm Global Power Technologies (“GPT”) business met the held for sale criteria and recognized $2,190 in impairment loss.

During 2019, the Company continued to assess the fair value of the GPT disposal group, less costs to sell, at each reporting period. As a result of these fair value measurements, the Company recorded additional impairment losses of $837 and $16,720 for the three and nine months ended September 30, 2019, respectively. Additionally, during the first quarter of 2019, the Company determined that an equity investment met the held for sale criteria and recognized impairment losses of $0 and $4,486 for the three and nine months ended September 30, 2019, respectively.

Subsequent to the end of the Company's third quarter, effective October 1, 2019, the Company completed the divesture of GPT. The Company expects to record approximately $6,000 pre-tax loss on sale, in the fourth quarter of 2019, which includes approximately $4,000 related to the release of previously deferred foreign currency translation losses recorded in accumulated other comprehensive loss.

The assets and liabilities of the GPT disposal group classified as held for sale as of September 30, 2019 are as follows:

Cash	$	1,422
Accounts receivable, net		2,238
Inventory, net		4,936
Prepaid expenses and other assets		215
Operating lease right-of-use assets		3,926
Investment		—
Property and equipment, net		7,356
Other intangible assets, net		1,033
Deferred income tax assets		4,371
Impairment loss		(18,910	)
Total assets held for sale	$	6,587
Accounts payable		420
Accrued liabilities		2,238
Operating lease liabilities		3,929
Total liabilities held for sale	$	6,587

The equity investment described above, does not have a readily determinable fair value and is measured at cost, less impairments, adjusted for observable price changes in orderly transactions for identical or similar investments of the same issuer.