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SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2023
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, 2023 and 2022 (amounts in thousands):
Three months ended
March 31,
 20232022
Net sales  
Agricultural$305,858 $309,600 
Earthmoving/construction198,924 201,259 
Consumer43,862 45,138 
 $548,644 $555,997 
Gross profit  
Agricultural$49,250 $47,924 
Earthmoving/construction37,224 31,375 
Consumer9,083 7,430 
$95,557 $86,729 
Income from operations  
Agricultural$32,569 $30,117 
Earthmoving/construction23,538 15,840 
Consumer6,792 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 income762 (8,859)
      Income before income taxes$47,646 $33,259 
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/construction533,136 538,064 
Consumer150,073 133,213 
Corporate & Unallocated75,656 64,830 
 $1,344,807 $1,284,630