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SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2024 and 2023 (amounts in thousands):

			Three months ended												Nine months ended
			September 30,												September 30,
			2024						2023						2024						2023
Net sales
Agricultural			$	175,439					$	212,967					$	631,442					$	787,973
Earthmoving/construction			136,313						155,045						467,085						528,652
Consumer			136,233						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/construction			11,653						22,257						55,929						88,583
Consumer			30,432						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
Consumer			11,282						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 income			3,064						3,298						8,483						6,261
Foreign exchange (loss) gain			(2,525)						876						(2,338)						(882)
Other income, net			375						461						4,057						2,409
(Loss) income before income taxes			$	(5,284)					$	24,381					$	33,300					$	113,351

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):

			September 30, 2024						December 31, 2023
Total assets
Agricultural			$	612,320					$	559,607
Earthmoving/construction			493,508						497,508
Consumer			541,764						155,602
Corporate & Unallocated			39,132						76,528
			$	1,686,724					$	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 nine months ended September 30, 2024 and 2023 (amounts in thousands):

			Agricultural Segment						Earthmoving/Construction Segment						Consumer Segment						Total
Three months ended September 30, 2024
Wheels and Tires [including assemblies]			$	165,017					$	45,424					$	130,691					$	341,132
Undercarriage systems and components			10,422						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 components			31,682						296,064						19,562						347,308
Total			$	631,442					$	467,085					$	363,837					$	1,462,364

			Agricultural Segment						Earthmoving/Construction Segment						Consumer Segment						Total
Three months ended September 30, 2023
Wheels and Tires [including assemblies]			$	200,860					$	58,846					$	29,286					$	288,992
Undercarriage systems and components			12,107						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 components			34,216						324,589						17,269						376,074
Total			$	787,973					$	528,652					$	114,976					$	1,431,601

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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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