Company: THRM
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000950170-25-023344
Chunk: 50

Company: Gentherm Inc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 16
Chunk 50
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 value of our goodwill or other intangible assets as of December 31, 2024.A total of $7,019, $8,290, and $9,018 in other intangible assets were amortized in 2024, 2023 and 2022, respectively.An estimate of future amortization of other intangible assets, is as follows:

        2025
         
        $
        6,860

        2026

        6,424

        2027

        6,337

        2028

        6,276

        2029

        5,598

Note 8 — LeasesThe Company has operating and finance leases for real estate, office equipment, automobiles, forklifts and certain other equipment. Certain real estate leases are for land which have a remaining lease term of one to 38 years, and some of these arrangements have an end date that is at the discretion of the lessee. Excluding land leases, our leases have remaining lease terms ranging from less than one year to nine years and may include options to extend the lease. We do not have lease arrangements with related parties.Components of lease expense for the years ended December 31, 2024, 2023 and 2022 were as follows:

        Year Ended December 31,

        2024

        2023

        2022

        Lease cost:

        Operating lease cost
         
        $
        10,747

        $
        9,606

        $
        8,040

        Amortization of ROU assets - finance leases

        370

        390

        168

        Interest on lease liabilities - finance leases

        14

        28

        16

        Short-term lease cost

        3,684

        2,651

        1,773

        Sublease income

        —

        —

        (101
        )

        Total lease cost
         
        $
        14,815

        $
        12,675

        $
        9,896

 F-23

GENTHERM INCORPORATED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)(In thousands, except share and per share data)  

Other information related to leases is as follows:

        Year Ended December 31,

        2024

        2023

        Cash paid for amounts included