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ROYALTY EXPENSE
12 Months Ended
Dec. 31, 2014
Royalty Expense [Abstract]  
ROYALTY EXPENSE
ROYALTY EXPENSE

The Company has a trademark license agreement with Goodyear to manufacture and sell certain tires in North America and Latin America under the Goodyear name.  The North American and Latin American farm tire royalties were prepaid for seven years as a part of the 2011 Goodyear Latin American farm tire acquisition. In May 2012, the Company and Goodyear entered into an agreement under which Titan will sell certain non-farm tire products directly to third party customers and pay a royalty to Goodyear. Royalty expenses recorded for the years ended December 31, 2014, 2013 and 2012, were $14.1 million, $14.3 million and $12.3 million, respectively.