Company: THRM
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000950170-25-023344
Chunk: 185

Company: Gentherm Inc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1B
Chunk 185
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 of other comprehensive income (loss) before reclassifications

        (621
        )

        (295
        )

        (3
        )

        (1,092
        )

        (2,011
        )

        Amounts reclassified from accumulated other comprehensive loss into net income

        137

        —

        (19
        )
        a
         
        (1,458
        )
        a
         
        (1,340
        )

        Income taxes reclassified into net income

        (31
        )

        —

        4

        289

        262

        Net current period other comprehensive income (loss)

        1,826

        (14,081
        )

        (5
        )

        2,693

        (9,567
        )

        Balance at December 31, 2022
         
        $
        (1,067
        )
         
        $
        (48,269
        )
         
        $
        —

        $
        2,847

        $
        (46,489
        )
       
       (a)The amounts reclassified from accumulated other comprehensive loss are included in cost of sales. See Note 14 for information related to the effect of commodity and foreign currency derivative instruments on our consolidated statements of income.The Company expects all of the existing gains and losses related to foreign currency derivatives reported in accumulated other comprehensive loss as of December 31, 2024 to be reclassified into earnings during the next twelve months. See Note 14, "Financial Instruments," for additional information about derivative financial instruments and the effects from reclassification to net income.

Note 18 — Accounting for Stock Based Compensation On May 18, 2023 the Company’s shareholders approved the Gentherm Incorporated 2023 Equity Incentive Plan (the “2023 Equity Plan”), covering 3,730,000 shares of the Common Stock, plus the number of shares of Common Stock that, as of the effective date of the 2023 Equity Plan, that were subject to awards granted under the Gentherm Incorporated 2013 Equity Incentive Plan (the “2013 Equity Plan”) and that, on or after the effective date of the 2023 Equity Plan, were forfeited, surrendered, terminated (other than by exercise), cancelled, lapsed or reacquired by the Company prior to vesting, without the delivery of any shares of Common Stock, and otherwise comply with the recycling provisions