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OTHER ASSETS
 12 Months Ended
Dec. 31, 2011
Other Assets [Abstract]  
OTHER ASSETS
OTHER ASSETS

Other assets at December 31, 2011 and 2010, consisted of the following (amounts in thousands):
 
2011
 
2010
Investment in Titan Europe Plc
$
28,998

 
$
22,693

Prepaid royalty
33,800

 
—

Goodwill
19,841

 
—

Investments for contractual obligations
12,395

 
11,168

Deferred financing costs
7,074

 
10,410

Other
8,843

 
7,205

 
$
110,951

 
$
51,476



The higher balance in other assets primarily related to the acquisition of Goodyear's Latin American farm tire business, which included goodwill and prepaid royalty. As part of this acquisition, the North American and Latin American royalties were prepaid for seven years.