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SEGMENT INFORMATION
 9 Months Ended
Sep. 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, “Basis of Presentation and Significant Accounting Policies” to these Notes to the Condensed Consolidated Financial Statements. 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 nine months ended September 30, 2024 and 2023 (amounts in thousands):
Three months endedNine months ended
September 30,September 30,
 2024202320242023
Net sales  
Agricultural$175,439 $212,967 $631,442 $787,973 
Earthmoving/construction136,313 155,045 467,085 528,652 
Consumer136,233 33,769 363,837 114,976 
 $447,985 $401,781 $1,462,364 $1,431,601 
Gross profit  
Agricultural$16,720 $37,026 $89,642 $135,012 
Earthmoving/construction11,653 22,257 55,929 88,583 
Consumer30,432 6,790 71,046 23,930 
$58,805 $66,073 $216,617 $247,525 
Income from operations  
Agricultural$1,910 $21,383 $41,692 $86,071 
Earthmoving/construction(1,911)8,501 13,970 46,561 
Consumer11,282 4,526 22,844 17,183 
Corporate & Unallocated(8,474)(7,435)(28,305)(21,806)
      Income from operations$2,807 $26,975 $50,201 $128,009 
Interest expense(9,005)(7,229)(27,103)(22,446)
Interest income3,064 3,298 8,483 6,261 
Foreign exchange (loss) gain(2,525)876 (2,338)(882)
Other income, net375 461 4,057 2,409 
      (Loss) income before income taxes$(5,284)$24,381 $33,300 $113,351 

Assets by segment were as follows as of the dates set forth below (amounts in thousands):
September 30,
2024		December 31,
2023
Total assets  
Agricultural$612,320 $559,607 
Earthmoving/construction493,508 497,508 
Consumer541,764 155,602 
Corporate & Unallocated39,132 76,528 
 $1,686,724 $1,289,245 
The table below presents net sales by products and reportable segments for the three and nine months ended September 30, 2024 and 2023 (amounts in thousands):
Agricultural SegmentEarthmoving/Construction SegmentConsumer SegmentTotal
Three months ended September 30, 2024
Wheels and Tires [including assemblies]$165,017 $45,424 $130,691 $341,132 
Undercarriage systems and components10,422 90,889 5,542 106,853 
 Total$175,439 $136,313 $136,233 $447,985 
Nine months ended September 30, 2024
Wheels and Tires [including assemblies]$599,760 $171,021 $344,275 $1,115,056 
Undercarriage systems and components31,682 296,064 19,562 347,308 
Total$631,442 $467,085 $363,837 $1,462,364 

Agricultural SegmentEarthmoving/Construction SegmentConsumer SegmentTotal
Three months ended September 30, 2023
Wheels and Tires [including assemblies]$200,860 $58,846 $29,286 $288,992 
Undercarriage systems and components12,107 96,199 4,483 112,789 
 Total$212,967 $155,045 $33,769 $401,781 
Nine months ended September 30, 2023
Wheels and Tires [including assemblies]$753,757 $204,063 $97,707 $1,055,527 
Undercarriage systems and components34,216 324,589 17,269 376,074 
Total$787,973 $528,652 $114,976 $1,431,601