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SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Segment information SEGMENT 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, separated by market segments, for the three months ended March 31, 2024 and 2023 (amounts in thousands):
Three months ended
March 31,
 20242023
Net sales
Agricultural$239,673 $305,858 
Earthmoving/construction165,208 198,924 
Consumer77,328 43,862 
 $482,209 $548,644 
Gross profit
Agricultural$40,619 $49,250 
Earthmoving/construction22,977 37,224 
Consumer13,774 9,083 
$77,370 $95,557 
Income from operations
Agricultural$24,010 $32,569 
Earthmoving/construction8,834 23,538 
Consumer5,113 6,792 
Corporate & Unallocated(12,885)(7,763)
      Income from operations$25,072 $55,136 
Interest expense, net(5,492)(6,492)
Foreign exchange loss(275)(1,760)
Other income, net405 762 
      Income before income taxes$19,710 $47,646 
Assets by segment were as follows as of the dates set forth below (amounts in thousands):
March 31,
2024		December 31,
2023
Total assets  
Agricultural$665,237 $559,607 
Earthmoving/construction515,017 497,508 
Consumer555,340 155,602 
Corporate & Unallocated78,001 76,528 
 $1,813,595 $1,289,245 
The table below presents net sales by products and reportable segments for the three months ended March 31, 2024 and 2023 (amounts in thousands):
Agricultural SegmentEarthmoving/Construction SegmentConsumer SegmentTotal
Three months ended March 31, 2024
Wheels and Tires [including assemblies]$229,034 $66,245 $71,354 $366,633 
Undercarriage systems and components10,639 98,963 5,974 115,576 
Total$239,673 $165,208 $77,328 $482,209 

Agricultural SegmentEarthmoving/Construction SegmentConsumer SegmentTotal
Three months ended March 31, 2023
Wheels and Tires [including assemblies]$293,704 $81,379 $37,230 $412,313 
Undercarriage systems and components12,154 117,545 6,632 136,331 
Total$305,858 $198,924 $43,862 $548,644