Segment Reporting

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Segment Reporting

Note 6 – Segment Reporting

Segment information is used by management for making strategic 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 climate comfort systems, specialized automotive cable systems, battery thermal management, and automotive electronic systems.

• Industrial – this segment represents the combined results from our patient temperature management systems business (“Medical”), GPT (through October 1, 2019), CSZ-IC (through February 1, 2019) and Gentherm’s advanced research and development division. The operating results from these businesses and division are presented together as one reporting segment because of their historical joint concentration on identifying new markets and product applications based on thermal management technologies.

• Reconciling Items – includes 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 and six months ended June 30, 2020 and 2019.  

Three Months Ended June 30,	Automotive		Industrial			Reconciling Items			Consolidated Total
2020:
Product revenues	$	124,386	$	11,675		$	—		$	136,061
Depreciation and amortization		9,297		474			311			10,082
Operating income (loss)		1,251		(158	)		(10,990	)		(9,897	)
2019:
Product revenues	$	229,700	$	13,626		$	—		$	243,326
Depreciation and amortization		10,327		416			422			11,165
Operating income (loss)		37,931		(4,121	)		(13,753	)		20,057

Six Months Ended June 30,	Automotive		Industrial			Reconciling Items			Consolidated Total
2020:
Product revenues	$	340,858	$	23,816		$	—		$	364,674
Depreciation and amortization		18,821		981			686			20,488
Operating income (loss)		32,612		(418	)		(23,390	)		8,804
2019:
Product revenues	$	472,057	$	29,190		$	—		$	501,247
Depreciation and amortization		20,490		839			888			22,217
Operating income (loss)		77,827		(8,635	)		(27,290	)		41,902

Automotive and Industrial segment product revenues by product category for the three and six months ended June 30, 2020 and 2019 were as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Climate Control Seats (CCS)	$	49,879	$	88,437	$	132,407	$	182,791
Seat Heaters		33,342		73,628		97,874		147,548
Electronics		13,488		11,454		23,864		24,306
Automotive Cables		9,833		22,206		31,973		45,955
Steering Wheel Heaters		7,980		16,029		27,215		32,999
Battery Thermal Management (BTM)		6,653		8,896		17,862		19,641
Other Automotive		3,211		9,050		9,663		18,817
Subtotal Automotive		124,386		229,700		340,858		472,057
Medical		11,675		9,881		23,816		18,068
GPT		—		3,745		—		7,704
CSZ-IC		—		—		—		3,418
Subtotal Industrial		11,675		13,626		23,816		29,190
Total Company	$	136,061	$	243,326	$	364,674	$	501,247

Total product revenues information by geographic area is as follows (based on shipment destination):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
United States	$	47,097	$	110,632	$	153,015	$	229,086
China		23,517		16,410		36,520		32,007
South Korea		20,385		15,577		36,802		30,555
Germany		9,761		20,300		26,591		43,510
Japan		9,349		20,003		25,486		38,594
Czech Republic		5,520		10,009		15,593		22,151
Canada		3,089		10,102		11,351		20,393
Romania		2,960		6,009		10,619		12,931
United Kingdom		1,405		6,833		8,369		15,665
Other		12,978		27,451		40,328		56,355
Total Non-U.S.	$	88,964	$	132,694	$	211,659	$	272,161
Total Company	$	136,061	$	243,326	$	364,674	$	501,247