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ROYALTY EXPENSE
9 Months Ended
Sep. 30, 2016
Other Income and Expenses [Abstract]  
ROYALTY EXPENSE
ROYALTY EXPENSE

The Company has trademark license agreements with Goodyear to manufacture and sell certain farm tires under the Goodyear name. These agreements cover sales in North America, Latin America, Europe, the Middle East, Africa, Russia and other Commonwealth of Independent States countries. The North American and Latin American farm tire royalties were prepaid through March 2018 as a part of the 2011 Goodyear Latin American farm tire acquisition. The Company also has a trademark license agreement with Goodyear to manufacture and sell certain non-farm tire products in Latin America. Royalty expenses recorded were $2.3 million and $2.1 million for the quarters ended September 30, 2016 and 2015, respectively. Royalty expenses were $6.7 million and $8.2 million for the nine months ended September 30, 2016 and 2015, respectively.