XML 39 R71.htm IDEA: XBRL DOCUMENT
v2.4.0.6

SEGMENT INFORMATION (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2012
Segment Reporting Information [Line Items] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | The table below presents information about certain revenues and expenses, income (loss) from operations and segment assets used by the chief operating decision maker of the Company as of and for the years ended December 31, 2012, 2011 and 2010 (amounts in thousands):
| 2012 |  | 2011 |  | 2010
Revenues from external customers |  |  |  |  |
Agricultural | $ | 1,080,412 |  |  | $ | 960,693 |  |  | $ | 675,178 |
Earthmoving/construction | 501,617 |  |  | 306,821 |  |  | 191,042 |
Consumer | 238,649 |  |  | 219,484 |  |  | 15,371 |
| $ | 1,820,678 |  |  | $ | 1,486,998 |  |  | $ | 881,591 |
Gross profit |  |  |  |  |  |  |  |
Agricultural | $ | 206,376 |  |  | $ | 177,055 |  |  | $ | 108,102 |
Earthmoving/construction | 74,348 |  |  | 39,328 |  |  | (3,400 | )
Consumer | 16,366 |  |  | 18,900 |  |  | 2,867 |
Unallocated corporate | (2,951 | ) |  | (3,175 | ) |  | (3,479 | )
| $ | 294,139 |  |  | $ | 232,108 |  |  | $ | 104,090 |
Income from operations |  |  |  |  |  |  |  |
Agricultural | $ | 178,587 |  |  | $ | 158,295 |  |  | $ | 91,953 |
Earthmoving/construction | 47,310 |  |  | 32,781 |  |  | (11,296 | )
Consumer | 32,243 |  |  | 11,104 |  |  | 2,542 |
Unallocated corporate | (83,432 | ) |  | (70,007 | ) |  | (52,254 | )
Consolidated income from operations | 174,708 |  |  | 132,173 |  |  | 30,945 |
Interest expense | (27,658 | ) |  | (25,259 | ) |  | (26,667 | )
Noncash convertible debt conversion charge | — |  |  | (16,135 | ) |  | — |
Loss on senior note repurchase | — |  |  | — |  |  | (14,573 | )
Gain on Titan Europe prior ownership | 26,700 |  |  | — |  |  | — |
Other income, net | 6,823 |  |  | 5,116 |  |  | 1,105 |
Income (loss) before income taxes | $ | 180,573 |  |  | $ | 95,895 |  |  | $ | (9,190 | )
Capital expenditures |  |  |  |  |  |  |  |
Agricultural | $ | 26,886 |  |  | $ | 12,789 |  |  | $ | 16,017 |
Earthmoving/construction | 26,508 |  |  | 7,169 |  |  | 5,628 |
Consumer | 4,100 |  |  | 1,465 |  |  | 478 |
Unallocated corporate | 8,246 |  |  | 15,683 |  |  | 6,731 |
| $ | 65,740 |  |  | $ | 37,106 |  |  | $ | 28,854 |
Depreciation & amortization |  |  |  |  |  |  |  |
Agricultural | $ | 20,435 |  |  | $ | 18,296 |  |  | $ | 18,899 |
Earthmoving/construction | 24,192 |  |  | 17,366 |  |  | 14,375 |
Consumer | 5,855 |  |  | 5,450 |  |  | 458 |
Unallocated corporate | 3,613 |  |  | 3,796 |  |  | 3,835 |
| $ | 54,095 |  |  | $ | 44,908 |  |  | $ | 37,567 |
Total assets |  |  |  |  |  |  |  |
Agricultural | $ | 626,454 |  |  | $ | 444,611 |  |  | $ | 304,048 |
Earthmoving/construction | 838,806 |  |  | 193,566 |  |  | 171,410 |
Consumer | 142,170 |  |  | 139,161 |  |  | 5,863 |
Unallocated corporate (a) | 85,677 |  |  | 232,948 |  |  | 299,559 |
| $ | 1,693,107 |  |  | $ | 1,010,286 |  |  | $ | 780,880 |
(a) Unallocated assets include cash of approximately $103 million, $129 million, and $240 million at year-end 2012, 2011 and 2010, respectively.
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block] | The table below presents information by geographic area. Revenues from external customers were determined based on the location of the selling subsidiary. Geographic information as of and for the years ended December 31, 2012, 2011 and 2010 was as follows (amounts in thousands):
2012 | United States |  | Other Countries |  | Consolidated Totals
Revenues from external customers | $ | 1,356,264 |  |  | $ | 464,414 |  |  | $ | 1,820,678 |
Long-lived assets | 262,064 |  |  | 331,221 |  |  | 593,285 |
2011 |  |  |  |  |  |  |  |
Revenues from external customers | $ | 1,210,531 |  |  | $ | 276,467 |  |  | $ | 1,486,998 |
Long-lived assets | 248,835 |  |  | 105,748 |  |  | 354,583 |
2010 |  |  |  |  |  |  |  |
Revenues from external customers | $ | 881,591 |  |  | $ | — |  |  | $ | 881,591 |
Long-lived assets | 248,054 |  |  | — |  |  | 248,054 |

X
- Definition Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 38 -Subparagraph a -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 + Details
Name: | us-gaap_ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 27, 28 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_SegmentReportingInformationLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration