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v3.23.1

SEGMENT INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2023
Segment Reporting Information [Line Items] |
Reconciliation of Revenue from Segments to Consolidated [Table Text Block] | The table below presents information about certain operating results, separated by market segments, for the three months ended March 31, 2023 and 2022 (amounts in thousands):
| Three months ended |  |
| March 31, |  |
| 2023 |  | 2022 |  |  |  |
Net sales |  |  |  |  |  |  |
Agricultural | $ | 305,858 |  |  | $ | 309,600 |  |  |  |  |
Earthmoving/construction | 198,924 |  |  | 201,259 |  |  |  |  |
Consumer | 43,862 |  |  | 45,138 |  |  |  |  |
| $ | 548,644 |  |  | $ | 555,997 |  |  |  |  |
Gross profit |  |  |  |  |  |  |
Agricultural | $ | 49,250 |  |  | $ | 47,924 |  |  |  |  |
Earthmoving/construction | 37,224 |  |  | 31,375 |  |  |  |  |
Consumer | 9,083 |  |  | 7,430 |  |  |  |  |
| $ | 95,557 |  |  | $ | 86,729 |  |  |  |  |
Income from operations |  |  |  |  |  |  |
Agricultural | $ | 32,569 |  |  | $ | 30,117 |  |  |  |  |
Earthmoving/construction | 23,538 |  |  | 15,840 |  |  |  |  |
Consumer | 6,792 |  |  | 4,882 |  |  |  |  |
Corporate & Unallocated | (7,763) |  |  | (6,131) |  |  |  |  |
Income from operations | $ | 55,136 |  |  | $ | 44,708 |  |  |  |  |
Interest expense | $ | (6,492) |  |  | $ | (7,907) |  |  |  |  |
Foreign exchange (loss) gain | (1,760) |  |  | 5,317 |  |  |  |  |
Other income | 762 |  |  | (8,859) |  |  |  |  |
Income before income taxes | $ | 47,646 |  |  | $ | 33,259 |  |  |  |  |
Reconciliation of Assets from Segment to Consolidated [Table Text Block] | Assets by segment were as follows as of the dates set forth below (amounts in thousands):
| March 31, 2023 |  | December 31, 2022
Total assets |  |  |
Agricultural | $ | 585,942 |  |  | $ | 548,523 |
Earthmoving/construction | 533,136 |  |  | 538,064 |
Consumer | 150,073 |  |  | 133,213 |
Corporate & Unallocated | 75,656 |  |  | 64,830 |
| $ | 1,344,807 |  |  | $ | 1,284,630 |

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