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SEGMENT INFORMATION | 6 Months Ended
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Jun. 30, 2014
Segment Reporting [Abstract] |
Segment information | SEGMENT INFORMATION The table below presents information about certain operating results of segments as reviewed by the chief executive officer of the Company for the three and six months ended June 30, 2014 and 2013 (amounts in thousands):
| Three months ended |  | Six months ended
| June 30, |  | June 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
Revenues from external customers |  |  |  |  |  |  |
Agricultural | $ | 285,274 |  |  | $ | 323,943 |  |  | $ | 602,440 |  |  | $ | 634,496 |
Earthmoving/construction | 163,961 |  |  | 208,226 |  |  | 316,901 |  |  | 417,842 |
Consumer | 74,496 |  |  | 61,122 |  |  | 143,330 |  |  | 119,340 |
| $ | 523,731 |  |  | $ | 593,291 |  |  | $ | 1,062,671 |  |  | $ | 1,171,678 |
Gross profit |  |  |  |  |  |  |  |  |
Agricultural | $ | 42,517 |  |  | $ | 56,150 |  |  | $ | 89,782 |  |  | $ | 110,220 |
Earthmoving/construction | (23,255 | ) |  | 26,820 |  |  | (19,457 | ) |  | 64,315 |
Consumer | 4,114 |  |  | 4,331 |  |  | 8,196 |  |  | 10,478 |
Unallocated corporate | (816 | ) |  | (646 | ) |  | (1,411 | ) |  | (1,607 | )
| $ | 22,560 |  |  | $ | 86,655 |  |  | $ | 77,110 |  |  | $ | 183,406 |
Income (loss) from operations |  |  |  |  |  |  |  |  |
Agricultural | $ | 28,078 |  |  | $ | 45,686 |  |  | $ | 58,619 |  |  | $ | 87,301 |
Earthmoving/construction | (38,235 | ) |  | 8,519 |  |  | (49,329 | ) |  | 29,198 |
Consumer | (1,814 | ) |  | 1,027 |  |  | (3,374 | ) |  | 4,169 |
Unallocated corporate | (17,496 | ) |  | (18,326 | ) |  | (35,119 | ) |  | (35,879 | )
Income (loss) from operations | (29,467 | ) |  | 36,906 |  |  | (29,203 | ) |  | 84,789 |
Interest expense | (8,926 | ) |  | (13,069 | ) |  | (18,185 | ) |  | (23,510 | )
Convertible debt conversion charge | — |  |  | — |  |  | — |  |  | (7,273 | )
Gain on earthquake insurance recovery | — |  |  | 22,451 |  |  | — |  |  | 22,451 |
Other income (expense), net | 6,335 |  |  | (2,429 | ) |  | 6,851 |  |  | (1,010 | )
Income (loss) before income taxes | $ | (32,058 | ) |  | $ | 43,859 |  |  | $ | (40,537 | ) |  | $ | 75,447 |
Assets by segment were as follows (amounts in thousands):
| June 30, 2014 |  | December 31, 2013
Total assets |  |  |  |  |
Agricultural | $ | 698,041 |  |  | $ | 725,032 |
Earthmoving/construction | 676,543 |  |  | 749,564 |
Consumer | 225,227 |  |  | 172,320 |
Unallocated corporate | 162,699 |  |  | 174,315 |
| $ | 1,762,510 |  |  | $ | 1,821,231 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: 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 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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