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GOODWILL
 6 Months Ended
Jun. 30, 2012
GOODWILL [Abstract]  
Goodwill Disclosure [Text Block]
GOODWILL

Changes in goodwill consisted of the following (amounts in thousands):
 
 
2012
 
2011
Agricultural segment
 
 
 
 
           Goodwill balance, January 1
 
$
19,841

 
$
—

              Acquisitions
 
—

 
21,388

              Acquisition adjustment
 
(7,289
)
 
—

              Foreign currency translation
 
(904
)
 
884

           Goodwill balance, June 30
 
$
11,648

 
$
22,272


 
The Company's goodwill balance is related to the acquisition of Goodyear's Latin American farm tire business which included the Sao Paulo, Brazil manufacturing facility. Goodwill is included as a component of other assets in the Consolidated Condensed Balance Sheets. The Company reviews goodwill for impairment during the fourth quarter of each annual reporting period, and whenever events and circumstances indicate that the carrying values may not be recoverable. See Note 2 for additional information.