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SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2020
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, 2020, 2019, and 2018 (amounts in thousands):
 202020192018
Revenues from external customers   
Agricultural$634,652 $652,558 $694,268 
Earthmoving/construction510,150 648,753 741,733 
Consumer114,511 147,355 166,407 
 $1,259,313 $1,448,666 $1,602,408 
Gross profit   
Agricultural$65,408 $55,971 $94,217 
Earthmoving/construction37,885 57,678 80,056 
Consumer11,026 15,355 23,993 
 $114,319 $129,004 $198,266 
Income (loss) from operations   
Agricultural$9,838 $10,991 $62,065 
Earthmoving/construction(21,620)(1,892)31,141 
Consumer1,085 1,849 11,994 
Corporate & Unallocated(24,654)(39,380)(62,956)
Income (loss) from operations(35,351)(28,432)42,244 
Interest expense(30,554)(33,137)(30,456)
Foreign exchange gain (loss)(11,025)3,999 (11,179)
   Other income, net18,799 9,526 19,198 
Income (loss) before income taxes$(58,131)$(48,044)$19,807 
Capital expenditures   
   Agricultural$10,869 $16,500 $15,770 
Earthmoving/construction8,859 16,229 19,889 
   Consumer1,952 3,685 3,334 
Corporate & Unallocated— — 7 
 $21,680 $36,414 $39,000 
Depreciation & amortization   
Agricultural$26,534 $23,478 $26,299 
   Earthmoving/construction21,328 23,235 23,823 
Consumer4,785 5,277 5,129 
   Corporate & Unallocated2,008 2,386 2,367 
 $54,655 $54,376 $57,618 
Total assets   
   Agricultural$444,843 $423,955 $464,828 
Earthmoving/construction478,264 496,988 543,927 
   Consumer86,752 123,320 129,994 
Corporate & Unallocated (a)22,025 70,044 112,507 
 $1,031,884 $1,114,307 $1,251,256 
(a)  Unallocated assets included cash of approximately $13 million, $9 million, and $32 million at year-end 2020, 2019, and 2018, respectively.
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, 2020, 2019, and 2018 was as follows (amounts in thousands):
202020192018
Net Sales
United States$583,400 $672,556 $711,887 
Europe / CIS343,452 400,059 469,322 
Latin America218,258 254,375 271,374 
Other international114,203 121,676 149,825 
$1,259,313 $1,448,666 $1,602,408 
Long-Lived Assets  
United States$103,748 $121,022 $137,410 
Europe / CIS163,265 162,817 165,827 
Latin America38,531 50,358 52,393 
Other international14,310 33,398 29,242 
$319,854 $367,595 $384,872