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SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2022
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 the three months ended March 31, 2022 and 2021 (amounts in thousands):
Three months ended
March 31,
 20222021
Net sales  
Agricultural$309,600 $208,759 
Earthmoving/construction201,259 164,807 
Consumer45,138 29,952 
 $555,997 $403,518 
Gross profit  
Agricultural$47,924 $29,789 
Earthmoving/construction31,375 19,742 
Consumer7,430 3,734 
$86,729 $53,265 
Income from operations  
Agricultural$30,117 $15,283 
Earthmoving/construction15,840 5,575 
Consumer4,882 1,667 
Corporate & Unallocated(6,131)(8,294)
      Income from operations44,708 14,231 
Interest expense(7,907)(7,523)
Foreign exchange gain 5,317 9,477 
Other expense(8,859)(368)
      Income before income taxes$33,259 $15,817 
Assets by segment were as follows as of the dates set forth below (amounts in thousands):
March 31,
2022		December 31,
2021
Total assets  
Agricultural$555,528 $517,528 
Earthmoving/construction523,335 502,373 
Consumer142,407 133,906 
Corporate & Unallocated48,031 28,878 
 $1,269,301 $1,182,685