XML 50 R40.htm IDEA: XBRL DOCUMENT v3.23.2
SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2023 and 2022 (amounts in thousands):
Three months endedSix months ended
June 30,June 30,
 2023202220232022
Net sales  
Agricultural$269,148 $318,585 $575,006 $628,184 
Earthmoving/construction174,683 210,370 373,607 411,629 
Consumer37,345 43,940 81,207 89,079 
 $481,176 $572,895 $1,029,820 $1,128,892 
Gross profit  
Agricultural$48,736 $61,921 $97,986 $109,845 
Earthmoving/construction29,102 36,317 66,326 67,692 
Consumer8,057 11,415 17,140 18,845 
$85,895 $109,653 $181,452 $196,382 
Income from operations  
Agricultural$32,119 $44,884 $64,688 $75,001 
Earthmoving/construction14,522 22,276 38,060 38,116 
Consumer5,865 9,238 12,657 14,120 
Corporate & Unallocated(6,608)(6,697)(14,371)(12,828)
      Income from operations$45,898 $69,701 $101,034 $114,409 
Interest expense(5,762)(7,707)(12,254)(15,614)
Foreign exchange gain (loss)2,234 (1,758)7,551 
Other income1,186 23,694 1,948 14,835 
      Income before income taxes$41,324 $87,922 $88,970 $121,181 
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):
June 30,
2023
December 31,
2022
Total assets  
Agricultural$576,182 $548,523 
Earthmoving/construction524,640 538,064 
Consumer136,811 133,213 
Corporate & Unallocated67,518 64,830 
 $1,305,151 $1,284,630