XML 95 R79.htm IDEA: XBRL DOCUMENT v3.24.0.1
SEGMENT INFORMATION (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Segment Reporting Information [Line Items]      
Net sales $ 1,821,800 $ 2,169,380 $ 1,780,215
Gross profit 305,849 360,710 237,542
Income (loss) from operations 148,727 205,802 85,175
Interest expense (18,785) (29,796) (32,221)
Loss on senior note repurchase 0 0 (16,020)
Foreign exchange (loss) gain (22,822) 927 12,020
Other income 2,628 25,420 2,086
Loss before income taxes 109,748 202,353 51,040
Segment, Expenditure, Addition to Long-Lived Assets 60,799 46,974 38,802
Payments to Acquire Property, Plant, and Equipment 60,799 46,974 38,802
Depreciation & amortization 42,434 42,747 47,991
Total assets 1,289,245 1,284,630 1,182,685
Long-lived Assets 321,694 296,605 301,109
Operating Segments [Member]      
Segment Reporting Information [Line Items]      
Net sales 1,821,800 2,169,380 1,780,215
Gross profit 305,849 360,710 237,542
Interest expense (18,785) (29,796) (32,221)
Foreign exchange (loss) gain (22,822) 927 12,020
Other income 2,628 25,420 2,086
Loss before income taxes 109,748 202,353 51,040
Operating Segments [Member] | Wheels and Tires (including assemblies)      
Segment Reporting Information [Line Items]      
Net sales 1,324,280 1,629,643 1,322,023
Operating Segments [Member] | Undercarriage systems and components      
Segment Reporting Information [Line Items]      
Net sales 497,520 539,737 458,192
Operating Segments [Member] | Agricultural [Member]      
Segment Reporting Information [Line Items]      
Net sales 980,537 1,192,239 949,400
Gross profit 163,026 193,585 135,807
Income (loss) from operations 100,642 130,474 77,666
Segment, Expenditure, Addition to Long-Lived Assets 32,306 25,738 20,749
Depreciation & amortization 21,405 22,645 25,082
Total assets 559,607 548,523 517,528
Operating Segments [Member] | Agricultural [Member] | Wheels and Tires (including assemblies)      
Segment Reporting Information [Line Items]      
Net sales 935,274 1,152,933 913,065
Operating Segments [Member] | Agricultural [Member] | Undercarriage systems and components      
Segment Reporting Information [Line Items]      
Net sales 45,263 39,306 36,335
Operating Segments [Member] | Earthmoving/construction [Member]      
Segment Reporting Information [Line Items]      
Net sales 687,758 807,356 693,350
Gross profit 110,690 135,788 83,705
Income (loss) from operations 55,122 79,810 27,809
Segment, Expenditure, Addition to Long-Lived Assets 23,249 17,576 15,014
Depreciation & amortization 15,185 15,337 18,428
Total assets 497,508 538,064 502,373
Operating Segments [Member] | Earthmoving/construction [Member] | Wheels and Tires (including assemblies)      
Segment Reporting Information [Line Items]      
Net sales 258,709 329,403 292,553
Operating Segments [Member] | Earthmoving/construction [Member] | Undercarriage systems and components      
Segment Reporting Information [Line Items]      
Net sales 429,049 477,953 400,797
Operating Segments [Member] | Consumer [Member]      
Segment Reporting Information [Line Items]      
Net sales 153,505 169,785 137,465
Gross profit 32,133 31,337 18,030
Income (loss) from operations 22,380 22,843 9,553
Segment, Expenditure, Addition to Long-Lived Assets 5,244 3,660 3,039
Depreciation & amortization 3,404 3,226 3,621
Total assets 155,602 133,213 133,906
Operating Segments [Member] | Consumer [Member] | Wheels and Tires (including assemblies)      
Segment Reporting Information [Line Items]      
Net sales 130,297 147,307 116,405
Operating Segments [Member] | Consumer [Member] | Undercarriage systems and components      
Segment Reporting Information [Line Items]      
Net sales 23,208 22,478 21,060
Operating Segments [Member] | Corporate & Unallocated      
Segment Reporting Information [Line Items]      
Income (loss) from operations (29,417) (27,325) (29,853)
Depreciation & amortization 2,440 1,539 860
Total assets [1] 76,528 64,830 28,878
Cash and cash equivalents $ 32,000 $ 20,000 $ 7,000
[1] Unallocated assets included cash of approximately $32 million, $20 million, and $7 million as of December 31, 2023, 2022, and 2021, respectively