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SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Segment Information SEGMENT AND GEOGRAPHICAL INFORMATION
The Company has aggregated its operating units into reportable segments based on its three customer markets: agricultural, earthmoving/construction, and consumer.  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.  The accounting policies of the segments are the same as those described in Note 1, “Description of Business and Significant Accounting Policies.”  Segment external revenues, expenses, and income from operations are determined on the basis of the results of operations of operating units of manufacturing facilities.  Segment assets are generally determined on the basis of an allocation 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.

Titan is organized primarily on the basis of products being included in three marketing segments, with each reportable segment including wheels, tires, wheel/tire assemblies, and undercarriage systems and components. Given the integrated manufacturing operations and common administrative and marketing support, a substantial number of allocations primarily based on segment sales data must be made to determine operating segment data.
The table below presents information about certain operating results of segments as reviewed by the chief operating decision maker of the Company as of and for the years ended December 31, 2023, 2022, and 2021 (amounts in thousands):
 202320222021
Revenues from external customers   
Agricultural$980,537 $1,192,239 $949,400 
Earthmoving/construction687,758 807,356 693,350 
Consumer153,505 169,785 137,465 
 $1,821,800 $2,169,380 $1,780,215 
Gross profit   
Agricultural$163,026 $193,585 $135,807 
Earthmoving/construction110,690 135,788 83,705 
Consumer32,133 31,337 18,030 
 $305,849 $360,710 $237,542 
Income from operations   
Agricultural$100,642 $130,474 $77,666 
Earthmoving/construction55,122 79,810 27,809 
Consumer22,380 22,843 9,553 
Corporate & Unallocated(29,417)(27,325)(29,853)
Income from operations148,727 205,802 85,175 
Interest expense(18,785)(29,796)(32,221)
Loss on senior note repurchase— — (16,020)
Foreign exchange (loss) gain(22,822)927 12,020 
   Other income, net2,628 25,420 2,086 
Income before income taxes$109,748 $202,353 $51,040 
Capital expenditures   
   Agricultural$32,306 $25,738 $20,749 
Earthmoving/construction23,249 17,576 15,014 
   Consumer5,244 3,660 3,039 
 $60,799 $46,974 $38,802 
Depreciation & amortization   
Agricultural$21,405 $22,645 $25,082 
   Earthmoving/construction15,185 15,337 18,428 
Consumer3,404 3,226 3,621 
   Corporate & Unallocated2,440 1,539 860 
 $42,434 $42,747 $47,991 
Total assets   
   Agricultural$559,607 $548,523 $517,528 
Earthmoving/construction497,508 538,064 502,373 
   Consumer155,602 133,213 133,906 
Corporate & Unallocated (a)
76,528 64,830 28,878 
 $1,289,245 $1,284,630 $1,182,685 

(a) Unallocated assets included cash of approximately $32 million, $20 million, and $7 million as of December 31, 2023, 2022, and 2021, respectively.
The table below presents information by geographic area.  Revenues from external customers were determined based on the location of the selling subsidiary.  Geographic information as of and for the years ended December 31, 2023, 2022, and 2021 was as follows (amounts in thousands):
202320222021
Net Sales
United States$814,676 $1,074,715 $835,985 
Europe / CIS558,677 577,877 479,724 
Latin America354,979 422,439 318,879 
Other international93,468 94,349 145,627 
$1,821,800 $2,169,380 $1,780,215 
Long-Lived Assets  
United States$107,639 $97,112 $98,307 
Europe / CIS142,749 138,617 146,547 
Latin America61,169 49,714 42,599 
Other international10,137 11,162 13,656 
$321,694 $296,605 $301,109 

The table below presents information by products and reportable segments as of and for the years ended December 31, 2023, 2022 and 2021 (amounts in thousands):

2023Agricultural SegmentEarthmoving/Construction SegmentConsumer SegmentTotal
Revenues from external customers   
Wheels and Tires [including assemblies]$935,274 $258,709 $130,297 $1,324,280 
Undercarriage systems and components45,263 429,049 23,208 497,520 
 Total$980,537 $687,758 $153,505 $1,821,800 

2022Agricultural SegmentEarthmoving/Construction SegmentConsumer SegmentTotal
Revenues from external customers   
Wheels and Tires [including assemblies]$1,152,933 $329,403 $147,307 $1,629,643 
Undercarriage systems and components39,306 477,953 22,478 539,737 
 Total$1,192,239 $807,356 $169,785 $2,169,380 


2021Agricultural SegmentEarthmoving/Construction SegmentConsumer SegmentTotal
Revenues from external customers   
Wheels and Tires [including assemblies]$913,065 $292,553 $116,405 $1,322,023 
Undercarriage systems and components36,335 400,797 21,060 458,192 
 Total$949,400 $693,350 $137,465 $1,780,215