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SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Segment information SEGMENT INFORMATION
 
The Company has aggregated its operating units into reportable segments based on its three customer markets: agricultural, earthmoving/construction, and consumer. These segments are based on the information used by the chief executive officer to make certain operating decisions, allocate portions of capital expenditures, and assess segment performance. Segment external sales, expenses, and income from operations are determined based on the results of operations for the operating units of the Company's manufacturing facilities. Expenses and income from operations are allocated to appropriate segments based on the sales of operating units of manufacturing facilities. Segment assets are generally determined on the basis of the tangible assets located at such operating units’ manufacturing facilities and the intangible assets associated with the acquisitions of such operating units. However, certain operating units’ property, plant and equipment balances are carried at the corporate level. Titan is organized primarily on the basis of products being included in three market segments, with each reportable segment including wheels, tires, wheel/tire assemblies, and undercarriage systems and components.
 
The table below presents information about certain operating results, separated by market segments, for the three and six months ended June 30, 2017 and 2016 (amounts in thousands):

Three months ended
 
Six months ended

June 30,
 
June 30,
 
2017
 
2016
 
2017
 
2016
Net sales
 
 
 
 

 

Agricultural
$
172,923

 
$
146,715

 
$
353,439

 
$
299,540

Earthmoving/construction
150,970

 
141,028

 
286,589

 
272,733

Consumer
40,506

 
42,471

 
81,872

 
79,735

 
$
364,399

 
$
330,214

 
$
721,900

 
$
652,008

Gross profit
 

 
 

 
 
 
 
Agricultural
$
22,894

 
$
22,952

 
$
44,611

 
$
39,092

Earthmoving/construction
13,988

 
15,371

 
26,637

 
24,800

Consumer
6,680

 
5,395

 
12,043

 
8,123

 
$
43,562

 
$
43,718

 
$
83,291

 
$
72,015

Income (loss) from operations
 

 
 

 
 
 
 
Agricultural
$
14,081

 
$
14,607

 
$
26,664

 
$
22,827

Earthmoving/construction
2,056

 
4,268

 
2,868

 
3,253

Consumer
3,487

 
1,591

 
4,941

 
741

Corporate & Unallocated
(15,666
)
 
(17,873
)
 
(37,576
)
 
(35,766
)
      Income (loss) from operations
3,958

 
2,593

 
(3,103
)
 
(8,945
)
 
 
 
 
 
 
 
 
Interest expense
(7,320
)
 
(7,982
)
 
(15,041
)
 
(16,494
)
Foreign exchange gain (loss)
(5,257
)
 
2,182

 
(767
)
 
7,005

Other income, net
2,208

 
3,049

 
5,357

 
6,954

      Loss before income taxes
$
(6,411
)
 
$
(158
)
 
$
(13,554
)
 
$
(11,480
)


Assets by segment were as follows as of the dates set forth below (amounts in thousands):
 
June 30,
2017
 
December 31,
2016
Total assets
 

 
 

Agricultural
$
465,061

 
$
439,371

Earthmoving/construction
528,829

 
443,879

Consumer
131,855

 
140,293

Corporate & Unallocated
186,206

 
242,353

 
$
1,311,951

 
$
1,265,896