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ROYALTY EXPENSE | 6 Months Ended
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Jun. 30, 2015
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 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 were $2.9 million and $3.8 million for the quarters ended June 30, 2015 and 2014, respectively. Royalty expenses were $6.1 million and $7.6 million for the six months ended June 30, 2015 and 2014, respectively.

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- Definition The entire disclosure of the nature of royalty expense due to a trademark license agreement to manufacture and sell products under another brand name. + References No definition available. + Details
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