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SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
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 
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):
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 
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]
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