XML 51 R41.htm IDEA: XBRL DOCUMENT v3.23.3
SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2023 and 2022 (amounts in thousands):
Three months endedNine months ended
September 30,September 30,
 2023202220232022
Net sales  
Agricultural$212,967 $289,259 $787,973 $917,443 
Earthmoving/construction155,045 199,921 528,652 611,550 
Consumer33,769 41,542 114,976 130,621 
 $401,781 $530,722 $1,431,601 $1,659,614 
Gross profit  
Agricultural$37,026 $45,949 $135,012 $155,794 
Earthmoving/construction22,257 34,959 88,583 102,651 
Consumer6,790 6,725 23,930 25,570 
$66,073 $87,633 $247,525 $284,015 
Income from operations  
Agricultural$21,383 $31,125 $86,071 $106,126 
Earthmoving/construction8,501 21,836 46,561 59,952 
Consumer4,526 4,856 17,183 18,976 
Corporate & Unallocated(7,435)(7,326)(21,806)(20,154)
      Income from operations$26,975 $50,491 $128,009 $164,900 
Interest expense(3,931)(7,221)(16,185)(22,835)
Foreign exchange gain (loss)876 1,198 (882)8,749 
Other income461 9,691 2,409 24,526 
      Income before income taxes$24,381 $54,159 $113,351 $175,340 
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):
September 30,
2023
December 31,
2022
Total assets  
Agricultural$553,408 $548,523 
Earthmoving/construction495,605 538,064 
Consumer129,422 133,213 
Corporate & Unallocated79,300 64,830 
 $1,257,735 $1,284,630