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GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2012
GOODWILL [Abstract] |
Goodwill Disclosure [Text Block] | GOODWILL AND INTANGIBLE ASSETS The changes in the carrying amount of goodwill by reporting units for the two years ended December 31, 2012, were as follows (amounts in thousands):
| Agricultural Segment |  | Earthmoving/ Construction Segment |  | Consumer Segment |  | Total
Balance at January 1, 2011 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Acquisitions | 22,896 |  |  | — |  |  | — |  |  | 22,896 |
Foreign currency translation | (3,055 | ) |  | — |  |  | — |  |  | (3,055 | )
Balance at December 31, 2011 | 19,841 |  |  | — |  |  | — |  |  | 19,841 |
Acquisitions | — |  |  | 13,653 |  |  | — |  |  | 13,653 |
Acquisition adjustment | (7,289 | ) |  | — |  |  | — |  |  | (7,289 | )
Foreign currency translation | (1,030 | ) |  | (234 | ) |  | — |  |  | (1,264 | )
Balance at December 31, 2012 | $ | 11,522 |  |  | $ | 13,419 |  |  | $ | — |  |  | $ | 24,941 |
The Company's agricultural segment goodwill balance is related to the acquisition of Goodyear's Latin American farm tire business which included the Sao Paulo, Brazil manufacturing facility. The Company's earthmoving/construction goodwill balance is related to the acquisition of Planet Group in August 2012. 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. At the time of the review, the Company determines if it will f irst assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test described in Topic 350. For December 31, 2012, the Company used a qualitative assessment for the earthmoving/construction goodwill related to the Company's acquisition of Planet Group in August 2012. The Company assessed various qualitative factors including the Australian economy, the earthmoving/construction equipment market and the 2012 performance of the Brazilian manufacturing facility. Based on the review, the Company determined the two-step goodwill impairment test was not required. When the two-step goodwill impairment test is performed, the Company evaluates the recoverability of goodwill by estimating the future discounted cash flows of the reporting unit to which the goodwill relates and using an earnings before interest, taxes, depreciation, and amortization (EBITDA) multiple approach. In determining the estimated future cash flows, the Company considers current and projected future levels of income as well as business trends and economic conditions. When the Company’s estimated fair value of the reporting unit is less than the carrying value, a second step of the impairment analysis is performed. In this second step, the implied fair value of goodwill is calculated as the excess of the fair value of a reporting unit over the fair values assigned to its assets and liabilities. If the implied fair value of goodwill is less than the carrying value of the reporting unit’s goodwill, the difference is recognized as an impairment loss. For December 31, 2012, the Company used the two-step goodwill impairment test for the agricultural segment goodwill related to the acquisition of the Latin American farm tire business. No impairment was identified. The components of intangible assets for the two years ended December 31, 2012, were as follows (amounts in thousands):
| Weighted- Average Useful Lives (in Years) |  | 2012 |  | 2011
Amortizable intangible assets: |  |  |  |  |
Customer relationships | 14.5 |  | 19,357 |  |  | 686 |
Patents, trademarks and other | 2.7 |  | 3,658 |  |  | 639 |
Total at cost |  |  | 23,015 |  |  | 1,325 |
Less accumulated amortization |  |  | (1,807 | ) |  | (688 | )
|  |  | 21,208 |  |  | 637 |
Amortization related to intangible assets for the years 2012, 2011, and 2010 totaled $1.1 million, $0.1 million, and $0.1 million, respectively.

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