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SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting Information [Line Items]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

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):

			2023						2022						2021
Revenues from external customers
Agricultural			$	980,537					$	1,192,239					$	949,400
Earthmoving/construction			687,758						807,356						693,350
Consumer			153,505						169,785						137,465
			$	1,821,800					$	2,169,380					$	1,780,215
Gross profit
Agricultural			$	163,026					$	193,585					$	135,807
Earthmoving/construction			110,690						135,788						83,705
Consumer			32,133						31,337						18,030
			$	305,849					$	360,710					$	237,542
Income from operations
Agricultural			$	100,642					$	130,474					$	77,666
Earthmoving/construction			55,122						79,810						27,809
Consumer			22,380						22,843						9,553
Corporate & Unallocated			(29,417)						(27,325)						(29,853)
Income from operations			148,727						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, net			2,628						25,420						2,086
Income before income taxes			$	109,748					$	202,353					$	51,040
Capital expenditures
Agricultural			$	32,306					$	25,738					$	20,749
Earthmoving/construction			23,249						17,576						15,014
Consumer			5,244						3,660						3,039
			$	60,799					$	46,974					$	38,802
Depreciation & amortization
Agricultural			$	21,405					$	22,645					$	25,082
Earthmoving/construction			15,185						15,337						18,428
Consumer			3,404						3,226						3,621
Corporate & Unallocated			2,440						1,539						860
			$	42,434					$	42,747					$	47,991
Total assets
Agricultural			$	559,607					$	548,523					$	517,528
Earthmoving/construction			497,508						538,064						502,373
Consumer			155,602						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.

Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block]

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):

			2023						2022						2021
Net Sales
United States			$	814,676					$	1,074,715					$	835,985
Europe / CIS			558,677						577,877						479,724
Latin America			354,979						422,439						318,879
Other international			93,468						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 / CIS			142,749						138,617						146,547
Latin America			61,169						49,714						42,599
Other international			10,137						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):

2023			Agricultural Segment						Earthmoving/Construction Segment						Consumer Segment						Total
Revenues from external customers
Wheels and Tires [including assemblies]			$	935,274					$	258,709					$	130,297					$	1,324,280
Undercarriage systems and components			45,263						429,049						23,208						497,520
Total			$	980,537					$	687,758					$	153,505					$	1,821,800

2022			Agricultural Segment						Earthmoving/Construction Segment						Consumer Segment						Total
Revenues from external customers
Wheels and Tires [including assemblies]			$	1,152,933					$	329,403					$	147,307					$	1,629,643
Undercarriage systems and components			39,306						477,953						22,478						539,737
Total			$	1,192,239					$	807,356					$	169,785					$	2,169,380

2021			Agricultural Segment						Earthmoving/Construction Segment						Consumer Segment						Total
Revenues from external customers
Wheels and Tires [including assemblies]			$	913,065					$	292,553					$	116,405					$	1,322,023
Undercarriage systems and components			36,335						400,797						21,060						458,192
Total			$	949,400					$	693,350					$	137,465					$	1,780,215

X

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