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ROYALTY EXPENSE | 9 Months Ended
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Sep. 30, 2017
Other Income and Expenses [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 were $2.6 million and $2.3 million for the three months ended September 30, 2017 and 2016, respectively. Royalty expenses recorded were $7.7 million and $6.7 million for the nine months ended September 30, 2017 and 2016, respectively.

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- Definition The entire disclosure for other operating income and other operating expense items. + References No definition available. + Details
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