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SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2024 and 2023 (amounts in thousands):
Three months endedSix months ended
June 30,June 30,
 2024202320242023
Net sales  
Agricultural$216,330 $269,148 $456,003 $575,006 
Earthmoving/construction165,564 174,683 330,772 373,607 
Consumer150,276 37,345 227,604 81,207 
 $532,170 $481,176 $1,014,379 $1,029,820 
Gross profit  
Agricultural$32,303 $48,736 $72,922 $97,986 
Earthmoving/construction21,299 29,102 44,276 66,326 
Consumer26,840 8,057 40,614 17,140 
$80,442 $85,895 $157,812 $181,452 
Income from operations  
Agricultural$15,772 $32,119 $39,782 $64,688 
Earthmoving/construction7,047 14,522 15,881 38,060 
Consumer6,449 5,865 11,562 12,657 
Corporate & Unallocated(6,946)(6,608)(19,831)(14,371)
      Income from operations$22,322 $45,898 $47,394 $101,034 
Interest expense, net(7,187)(5,762)(12,679)(12,254)
Foreign exchange gain (loss)462 2 187 (1,758)
Other income, net3,277 1,186 3,682 1,948 
      Income before income taxes$18,874 $41,324 $38,584 $88,970 
Assets by segment were as follows as of the dates set forth below (amounts in thousands):
June 30,
2024		December 31,
2023
Total assets  
Agricultural$615,247 $559,607 
Earthmoving/construction496,539 497,508 
Consumer559,184 155,602 
Corporate & Unallocated63,097 76,528 
 $1,734,067 $1,289,245 

The table below presents net sales by products and reportable segments for the three and six months ended June 30, 2024 and 2023 (amounts in thousands):
Agricultural SegmentEarthmoving/Construction SegmentConsumer SegmentTotal
Three months ended June 30, 2024
Wheels and Tires [including assemblies]$205,709 $59,352 $142,230 $407,291 
Undercarriage systems and components10,621 106,212 8,046 124,879 
 Total$216,330 $165,564 $150,276 $532,170 
Six months ended June 30, 2024
Wheels and Tires [including assemblies]$434,743 $125,597 $213,584 $773,924 
Undercarriage systems and components21,260 205,175 14,020 240,455 
Total$456,003 $330,772 $227,604 $1,014,379 

Agricultural SegmentEarthmoving/Construction SegmentConsumer SegmentTotal
Three months ended June 30, 2023
Wheels and Tires [including assemblies]$259,193 $63,838 $31,191 $354,222 
Undercarriage systems and components9,955 110,845 6,154 126,954 
 Total$269,148 $174,683 $37,345 $481,176 
Six months ended June 30, 2023
Wheels and Tires [including assemblies]$552,897 $145,217 $68,421 $766,535 
Undercarriage systems and components22,109 228,390 12,786 263,285 
Total$575,006 $373,607 $81,207 $1,029,820