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SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2020
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, 2020 and 2019 (amounts in thousands):

Three months ended
 
Six months ended

June 30,
 
June 30,
 
2020
 
2019
 
2020
 
2019
Net sales
 
 
 
 

 

Agricultural
$
147,267

 
$
164,284

 
$
320,206

 
$
356,014

Earthmoving/construction
112,457

 
184,782

 
249,379

 
361,527

Consumer
26,409

 
41,531

 
58,048

 
83,430

 
$
286,133

 
$
390,597

 
$
627,633

 
$
800,971

Gross profit
 

 
 

 
 
 
 
Agricultural
$
15,613

 
$
14,247

 
$
29,640

 
$
36,372

Earthmoving/construction
11,614

 
19,701

 
22,368

 
37,871

Consumer
2,640

 
4,360

 
5,103

 
9,329

 
$
29,867

 
$
38,308

 
$
57,111

 
$
83,572

(Loss) income from operations
 

 
 

 
 
 
 
Agricultural
$
6,992

 
$
4,365

 
$
2,298

 
$
18,293

Earthmoving/construction
(1,902
)
 
5,697

 
(8,897
)
 
11,225

Consumer
1,425

 
1,228

 
1,131

 
3,349

Corporate & Unallocated
(9,616
)
 
(13,720
)
 
(7,236
)
 
(31,161
)
      (Loss) income from operations
(3,101
)
 
(2,430
)
 
(12,704
)
 
1,706

 
 
 
 
 
 
 
 
Interest expense
(8,008
)
 
(8,295
)
 
(16,043
)
 
(16,228
)
Foreign exchange (loss) gain
8,836

 
(1,239
)
 
(8,406
)
 
4,484

Other income, net
(390
)
 
2,069

 
7,046

 
3,065

      (Loss) income before income taxes
$
(2,663
)
 
$
(9,895
)
 
$
(30,107
)
 
$
(6,973
)

Assets by segment were as follows as of the dates set forth below (amounts in thousands):
 
June 30,
2020
 
December 31,
2019
Total assets
 

 
 

Agricultural
$
430,894

 
$
423,955

Earthmoving/construction
447,867

 
496,988

Consumer
107,028

 
123,320

Corporate & Unallocated
45,505

 
70,044

 
$
1,031,294

 
$
1,114,307