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SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2019
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. 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 each of the three and six months ended June 30, 2019 and 2018 (amounts in thousands):

Three months ended
 
Six months ended

June 30,
 
June 30,
 
2019
 
2018
 
2019
 
2018
Net sales
 
 
 
 

 

Agricultural
$
164,284

 
$
186,870

 
$
356,014

 
$
381,037

Earthmoving/construction
184,782

 
198,963

 
361,527

 
387,696

Consumer
41,531

 
43,071

 
83,430

 
85,553

 
$
390,597

 
$
428,904

 
$
800,971

 
$
854,286

Gross profit
 

 
 

 
 
 
 
Agricultural
$
14,247

 
$
27,270

 
$
36,372

 
$
57,231

Earthmoving/construction
19,701

 
24,260

 
37,871

 
46,722

Consumer
4,360

 
6,782

 
9,329

 
13,920

 
$
38,308

 
$
58,312

 
$
83,572

 
$
117,873

(Loss) income from operations
 

 
 

 
 
 
 
Agricultural
$
4,365

 
$
19,002

 
$
18,293

 
$
40,323

Earthmoving/construction
5,697

 
11,575

 
11,225

 
21,528

Consumer
1,228

 
3,651

 
3,349

 
7,598

Corporate & Unallocated
(13,720
)
 
(15,264
)
 
(31,161
)
 
(31,103
)
      (Loss) income from operations
(2,430
)
 
18,964

 
1,706

 
38,346

 
 
 
 
 
 
 
 
Interest expense
(8,295
)
 
(7,672
)
 
(16,228
)
 
(15,190
)
Foreign exchange (loss) gain
(1,239
)
 
(3,610
)
 
4,484

 
(8,042
)
Other income, net
2,069

 
2,477

 
3,065

 
10,227

      (Loss) income before income taxes
$
(9,895
)
 
$
10,159

 
$
(6,973
)
 
$
25,341


Assets by segment were as follows as of the dates set forth below (amounts in thousands):
 
June 30,
2019
 
December 31,
2018
Total assets
 

 
 

Agricultural
$
443,628

 
$
464,828

Earthmoving/construction
605,586

 
543,927

Consumer
119,600

 
129,994

Corporate & Unallocated
100,714

 
112,507

 
$
1,269,528

 
$
1,251,256