XML 41 R46.htm IDEA: XBRL DOCUMENT v2.4.0.8
SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2013
Segment Reporting Information [Line Items]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
The table below presents information about certain revenues and income from operations used by the chief executive officer of the Company for the three and six months ended June 30, 2013 and 2012 (amounts in thousands):

Three months ended
 
Six months ended

June 30,
 
June 30,
 
2013
 
2012
 
2013
 
2012
Revenues from external customers
 
 
 
 

 

Agricultural
$
323,943

 
$
288,993

 
$
634,496

 
$
584,798

Earthmoving/construction
208,226

 
110,541

 
417,842

 
215,109

Consumer
61,122

 
59,699

 
119,340

 
122,414

 
$
593,291

 
$
459,233

 
$
1,171,678

 
$
922,321

Gross profit
 

 
 

 
 
 
 
Agricultural
$
56,150

 
$
59,501

 
$
110,220

 
$
125,593

Earthmoving/construction
26,820

 
19,562

 
64,315

 
41,909

Consumer
4,331

 
3,773

 
10,478

 
9,472

Unallocated corporate
(646
)
 
(750
)
 
(1,607
)
 
(1,525
)
 
$
86,655

 
$
82,086

 
$
183,406

 
$
175,449

Income from operations
 

 
 

 
 
 
 
Agricultural
$
45,686

 
$
54,562

 
$
87,301

 
$
115,225

Earthmoving/construction
8,519

 
17,516

 
29,198

 
37,917

Consumer
1,027

 
27,416

 
4,169

 
30,518

Unallocated corporate
(18,326
)
 
(18,525
)
 
(35,879
)
 
(44,020
)
      Income from operations
36,906

 
80,969

 
84,789

 
139,640

 
 
 
 
 
 
 
 
Interest expense
(13,069
)
 
(6,217
)
 
(23,510
)
 
(12,512
)
Convertible debt conversion charge
—

 
—

 
(7,273
)
 
—

Gain on earthquake insurance recovery
22,451

 
—

 
22,451

 
—

Other income (expense), net
(2,429
)
 
613

 
(1,010
)
 
3,724

      Income before income taxes
$
43,859

 
$
75,365

 
$
75,447

 
$
130,852

Assets by segment were as follows (amounts in thousands):
 
June 30,
2013
 
December 31,
2012
Total assets
 

 
 

Agricultural
$
716,139

 
$
630,222

Earthmoving/construction
798,040

 
851,995

Consumer
144,476

 
142,341

Unallocated corporate
285,892

 
85,677

 
$
1,944,547

 
$
1,710,235