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SEGMENT INFORMATION
12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Segment Information SEGMENT AND GEOGRAPHICAL 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.  The accounting policies of the segments are the same as those described in Note 1, “Description of Business and Significant Accounting Policies.”  Segment external revenues, expenses, and income from operations are determined on the basis of the results of operations 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’ goodwill and property, plant, and equipment balances are carried at the corporate level.

Titan is organized primarily on the basis of products being included in three marketing 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 of segments as reviewed by the chief operating decision maker of the Company as of and for the years ended December 31, 2017, 2016, and 2015 (amounts in thousands):
 
2017
 
2016
 
2015
Revenues from external customers
 
 
 
 
 
Agricultural
$
690,238

 
$
583,324

 
$
651,804

Earthmoving/construction
608,894

 
524,289

 
566,988

Consumer
169,790

 
157,884

 
175,979

 
$
1,468,922

 
$
1,265,497

 
$
1,394,771

Gross profit
 

 
 

 
 

Agricultural
$
84,907

 
$
75,485

 
$
73,198

Earthmoving/construction
48,331

 
45,885

 
42,300

Consumer
25,040

 
17,494

 
19,245

 
$
158,278

 
$
138,864

 
$
134,743

Income (loss) from operations
 

 
 

 
 

Agricultural
$
49,612

 
$
41,153

 
$
37,643

Earthmoving/construction
803

 
3,232

 
(2,572
)
Consumer
11,231

 
2,762

 
4,639

Corporate & Unallocated
(74,830
)
 
(72,098
)
 
(67,055
)
Loss from operations
(13,184
)
 
(24,951
)
 
(27,345
)
 
 
 
 
 
 
Interest expense
(30,229
)
 
(32,539
)
 
(34,032
)
Loss on senior note repurchase
(18,646
)
 

 

Foreign exchange gain (loss)
(1,958
)
 
8,550

 
(4,758
)
Other income, net
11,141

 
12,466

 
11,063

Loss before income taxes
$
(52,876
)
 
$
(36,474
)
 
$
(55,072
)
 
 
 
 
 
 
Capital expenditures
 

 
 

 
 

Agricultural
$
15,392

 
$
16,260

 
$
14,819

Earthmoving/construction
15,282

 
22,028

 
18,116

Consumer
2,453

 
2,483

 
3,061

Corporate & Unallocated
(501
)
 
1,177

 
12,433

 
$
32,626

 
$
41,948

 
$
48,429

 
 
 
 
 
 
Depreciation & amortization
 

 
 

 
 

Agricultural
$
27,623

 
$
27,888

 
$
32,274

Earthmoving/construction
20,307

 
20,566

 
24,124

Consumer
5,559

 
6,145

 
7,469

Corporate & Unallocated
4,955

 
5,169

 
5,751

 
$
58,444

 
$
59,768

 
$
69,618

 
 
 
 
 
 
Total assets
 

 
 

 
 

Agricultural
$
444,783

 
$
439,371

 
$
432,150

Earthmoving/construction
537,855

 
443,879

 
433,394

Consumer
157,133

 
140,293

 
137,359

Corporate & Unallocated (a)
150,341

 
242,353

 
278,851

 
$
1,290,112

 
$
1,265,896

 
$
1,281,754


(a)  Unallocated assets included cash of approximately $72 million, $96 million, and $143 million at year-end 2017, 2016, and 2015, respectively. Unallocated assets included certificates of deposit of $50 million in 2016.

The table below presents information by geographic area.  Revenues from external customers were determined based on the location of the selling subsidiary.  Geographic information as of and for the years ended December 31, 2017, 2016, and 2015 was as follows (amounts in thousands):
 
2017
 
2016
 
2015
Net Sales
 
 
 
 
 
United States
$
642,743

 
$
558,278

 
$
702,855

Europe
411,570

 
354,117

 
369,280

Latin America
282,692

 
248,019

 
236,281

Other international
131,917

 
105,083

 
86,355

 
$
1,468,922

 
$
1,265,497

 
$
1,394,771

Long-Lived Assets
 

 
 
 
 

United States
$
151,841

 
$
171,587

 
$
189,993

Europe
176,923

 
156,505

 
167,829

Latin America
62,543

 
68,187

 
59,671

Other international
29,941

 
40,922

 
32,527

 
$
421,248

 
$
437,201

 
$
450,020