XML 32 R21.htm IDEA: XBRL DOCUMENT v3.19.1
ROYALTY EXPENSE
3 Months Ended
Mar. 31, 2019
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. Each of these agreements expires in 2025. The Company also has a trademark license agreement with Goodyear to manufacture and sell certain non-farm tire products in Latin America which expires in June 2019. Royalty expenses recorded were $2.6 million and $2.7 million for the three months ended March 31, 2019 and 2018, respectively.