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SEGMENT INFORMATION
12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Segment Information
SEGMENT AND GEOGRAPHICAL INFORMATION

The Company has aggregated its operating units into reportable segments based on its three customer markets: agricultural, earthmoving/construction and consumer.  These segments are based on the information used by the chief executive officer to make certain operating decisions, allocate portions of capital expenditures and assess segment performance.  The accounting policies of the segments are the same as those described in Note 1, “Description of Business and Significant Accounting Policies.”  Segment external revenues, expenses and income from operations are determined on the basis of the results of operations of operating units of manufacturing facilities.  Segment assets are generally determined on the basis of the tangible assets located at such operating units’ manufacturing facilities and the intangible assets associated with the acquisitions of such operating units.  However, certain operating units’ goodwill and property, plant and equipment balances are carried at the corporate level.

Titan is organized primarily on the basis of products being included in three marketing segments, with each reportable segment including wheels, tires, wheel/tire assemblies and undercarriage systems and components.

The table below presents information about certain revenues and expenses, income from operations and segment assets used by the chief operating decision maker of the Company as of and for the years ended December 31, 2013, 2012 and 2011. (amounts in thousands):
 
2013
 
2012
 
2011
Revenues from external customers
 
 
 
 
 
Agricultural
$
1,182,187

 
$
1,080,412

 
$
960,693

Earthmoving/construction
749,115

 
501,617

 
306,821

Consumer
232,293

 
238,649

 
219,484

 
$
2,163,595

 
$
1,820,678

 
$
1,486,998

Gross profit
 

 
 

 
 

Agricultural
$
198,910

 
$
206,376

 
$
177,055

Earthmoving/construction
83,358

 
74,348

 
39,328

Consumer
15,542

 
16,366

 
18,900

Unallocated corporate
(2,620
)
 
(2,951
)
 
(3,175
)
 
$
295,190

 
$
294,139

 
$
232,108

Income from operations
 

 
 

 
 

Agricultural
$
151,841

 
$
178,587

 
$
158,295

Earthmoving/construction
22,008

 
47,310

 
32,781

Consumer
1,630

 
32,243

 
11,104

Unallocated corporate
(73,084
)
 
(83,432
)
 
(70,007
)
Consolidated income from operations
102,395

 
174,708

 
132,173

 
 
 
 
 
 
Interest expense
(47,120
)
 
(27,658
)
 
(25,259
)
Convertible debt conversion charge
(7,273
)
 

 
(16,135
)
Loss on senior note repurchase
(22,734
)
 

 

Noncash Titan Europe Plc gain

 
26,700

 

Gain on earthquake insurance recovery
22,451

 

 

Gain on acquisition

 
11,678

 
285

Other income, net
7,015

 
6,823

 
4,831

Income before income taxes
$
54,734

 
$
192,251

 
$
95,895

 
 
 
 
 
 
Capital expenditures
 

 
 

 
 

Agricultural
$
28,763

 
$
26,886

 
$
12,789

Earthmoving/construction
35,702

 
26,508

 
7,169

Consumer
7,393

 
4,100

 
1,465

Unallocated corporate
8,273

 
8,246

 
15,683

 
$
80,131

 
$
65,740

 
$
37,106

 
 
 
 
 
 
Depreciation & amortization
 

 
 

 
 

Agricultural
$
29,781

 
$
20,435

 
$
18,296

Earthmoving/construction
40,272

 
24,192

 
17,366

Consumer
6,246

 
5,855

 
5,450

Unallocated corporate
4,323

 
3,613

 
3,796

 
$
80,622

 
$
54,095

 
$
44,908

 
 
 
 
 
 
Total assets
 

 
 

 
 

Agricultural
$
725,032

 
$
555,020

 
$
444,611

Earthmoving/construction
749,564

 
841,502

 
193,566

Consumer
172,320

 
140,592

 
139,161

Unallocated corporate (a)
174,315

 
173,121

 
232,948

 
$
1,821,231

 
$
1,710,235

 
$
1,010,286

(a)  Unallocated assets include cash of approximately $82 million, $103 million, and $129 million at year-end 2013, 2012 and 2011, respectively.

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, 2013, 2012 and 2011 was as follows (amounts in thousands):
2013
United States
 
Brazil
 
Other Countries
 
Consolidated
Totals
Revenues from external customers
$
1,159,061

 
$
397,426

 
$
607,108

 
$
2,163,595

Long-lived assets
266,413

 
101,282

 
313,187

 
680,882

2012
 

 
 
 
 

 
 

Revenues from external customers
$
1,356,264

 
$
328,005

 
$
136,409

 
$
1,820,678

Long-lived assets
262,064

 
112,480

 
218,741

 
593,285

2011
 

 
 
 
 

 
 

Revenues from external customers
$
1,210,531

 
$
262,203

 
$
14,264

 
$
1,486,998

Long-lived assets
248,835

 
105,489

 
259

 
354,583