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SEGMENT INFORMATION
 9 Months Ended
Sep. 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 nine months ended September 30, 2019 and 2018 (amounts in thousands):

Three months ended
 
Nine months ended

September 30,
 
September 30,
 
2019
 
2018
 
2019
 
2018
Net sales
 
 
 
 

 

Agricultural
$
156,625

 
$
163,367

 
$
512,639

 
$
544,404

Earthmoving/construction
155,659

 
180,362

 
517,186

 
568,057

Consumer
33,621

 
40,990

 
117,051

 
126,544

 
$
345,905

 
$
384,719

 
$
1,146,876

 
$
1,239,005

Gross profit
 

 
 

 
 
 
 
Agricultural
$
10,426

 
$
19,921

 
$
46,798

 
$
77,153

Earthmoving/construction
12,935

 
17,819

 
50,806

 
64,541

Consumer
3,739

 
5,964

 
13,068

 
19,883

 
$
27,100

 
$
43,704

 
$
110,672

 
$
161,577

(Loss) income from operations
 

 
 

 
 
 
 
Agricultural
$
(1,230
)
 
$
11,539

 
$
17,062

 
$
51,862

Earthmoving/construction
(2,938
)
 
6,056

 
8,293

 
27,584

Consumer
(229
)
 
3,225

 
3,120

 
10,822

Corporate & Unallocated
(8,219
)
 
(15,997
)
 
(39,385
)
 
(47,099
)
      (Loss) income from operations
(12,616
)
 
4,823

 
(10,910
)
 
43,169

 
 
 
 
 
 
 
 
Interest expense
(8,357
)
 
(7,596
)
 
(24,585
)
 
(22,786
)
Foreign exchange (loss) gain
(2,266
)
 
855

 
2,218

 
(7,187
)
Other income, net
5,259

 
7,437

 
8,324

 
17,664

      (Loss) income before income taxes
$
(17,980
)
 
$
5,519

 
$
(24,953
)
 
$
30,860


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

 
 

Agricultural
$
471,906

 
$
464,828

Earthmoving/construction
502,030

 
543,927

Consumer
116,246

 
129,994

Corporate & Unallocated
99,420

 
112,507

 
$
1,189,602

 
$
1,251,256