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SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 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 and six months ended June 30, 2024 and 2023 (amounts in thousands):

			Three months ended												Six months ended
			June 30,												June 30,
			2024						2023						2024						2023
Net sales
Agricultural			$	216,330					$	269,148					$	456,003					$	575,006
Earthmoving/construction			165,564						174,683						330,772						373,607
Consumer			150,276						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/construction			21,299						29,102						44,276						66,326
Consumer			26,840						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/construction			7,047						14,522						15,881						38,060
Consumer			6,449						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, net			3,277						1,186						3,682						1,948
Income before income taxes			$	18,874					$	41,324					$	38,584					$	88,970

Schedule of Reconciliation of Assets from Segment to Consolidated

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/construction			496,539						497,508
Consumer			559,184						155,602
Corporate & Unallocated			63,097						76,528
			$	1,734,067					$	1,289,245

Schedule of Reconciliation of Revenue from Segments to Consolidated

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 Segment						Earthmoving/Construction Segment						Consumer Segment						Total
Three months ended June 30, 2024
Wheels and Tires [including assemblies]			$	205,709					$	59,352					$	142,230					$	407,291
Undercarriage systems and components			10,621						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 components			21,260						205,175						14,020						240,455
Total			$	456,003					$	330,772					$	227,604					$	1,014,379

			Agricultural Segment						Earthmoving/Construction Segment						Consumer Segment						Total
Three months ended June 30, 2023
Wheels and Tires [including assemblies]			$	259,193					$	63,838					$	31,191					$	354,222
Undercarriage systems and components			9,955						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 components			22,109						228,390						12,786						263,285
Total			$	575,006					$	373,607					$	81,207					$	1,029,820

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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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