XML 40 R27.htm IDEA: XBRL DOCUMENT v3.6.0.2
ROYALTY EXPENSE
12 Months Ended
Dec. 31, 2016
Royalty Expense [Abstract]  
ROYALTY EXPENSE
ROYALTY EXPENSE

The Company has trademark license agreements with The Goodyear Tire & Rubber Company 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 for the years ended December 31, 2016, 2015, and 2014, were $8.9 million, $10.5 million, and $14.1 million, respectively.