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SEGMENT INFORMATION
9 Months Ended
Sep. 30, 2021
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. Each reportable segment includes wheels, tires, wheel/tire assemblies, and undercarriage systems and components. 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.

The table below presents information about certain operating results, separated by market segments, for each of the three and nine months ended September 30, 2021 and 2020 (amounts in thousands):
Three months endedNine months ended
September 30,September 30,
 2021202020212020
Net sales  
Agricultural$244,373 $153,067 $684,636 $473,272 
Earthmoving/construction168,408 123,227 509,930 372,606 
Consumer37,601 28,478 97,973 86,527 
 $450,382 $304,772 $1,292,539 $932,405 
Gross profit  
Agricultural$33,214 $16,191 $98,294 $45,830 
Earthmoving/construction21,263 12,409 63,333 34,777 
Consumer5,815 2,717 13,400 7,821 
$60,292 $31,317 $175,027 $88,428 
Income (loss) from operations  
Agricultural$18,156 $3,091 $54,228 $11,958 
Earthmoving/construction7,913 656 20,950 (5,161)
Consumer3,519 (88)7,067 912 
Corporate & Unallocated(6,688)(10,467)(21,395)(27,221)
      Income (loss) from operations22,900 (6,808)60,850 (19,512)
Interest expense(7,818)(7,251)(23,939)(23,076)
Loss on senior note repurchase— — (16,020)— 
Foreign exchange gain (loss)416 (1,336)9,125 (9,742)
Other income648 2,283 1,512 9,111 
      Income (loss) before income taxes$16,146 $(13,112)$31,528 $(43,219)
Assets by segment were as follows as of the dates set forth below (amounts in thousands):
September 30,
2021
December 31,
2020
Total assets  
Agricultural$494,117 $420,993 
Earthmoving/construction489,076 473,873 
Consumer142,093 114,993 
Corporate & Unallocated18,973 22,025 
 $1,144,259 $1,031,884