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SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The tables below present information about certain operating results, separated by market segments, for the three and nine months ended September 30, 2025 and 2024 (amounts in thousands):

			Three months ended September 30, 2025
			Agriculture						Earthmoving/Construction						Consumer						Corporate & Unallocated						Total
Net sales			$	188,737					$	145,368					$	132,361					$	—					$	466,466
Cost of sales			163,505						130,205						101,885						—						395,595
Gross profit			$	25,232					$	15,163					$	30,476					$	—					$	70,871
Selling, general and administrative expenses			14,268						12,583						19,593						6,688						53,132
Research and development expenses			1,412						1,566						1,102						470						4,550
Royalty expense			2,043						657						745						—						3,445
Segment profit (loss)			$	7,509					$	357					$	9,036					$	(7,158)					$	9,744
Interest expense																					(9,727)						(9,727)
Interest income																					3,032						3,032
Foreign exchange loss																					(2,009)						(2,009)
Other loss																					(2,433)						(2,433)
Loss before income taxes																					$	(18,295)					$	(1,393)

			Nine months ended September 30, 2025
			Agriculture						Earthmoving/Construction						Consumer						Corporate & Unallocated						Total
Net sales			$	579,706					$	441,005					$	397,293					$	—					$	1,418,004
Cost of sales			501,707						393,475						314,034						—						1,209,216
Gross profit			$	77,999					$	47,530					$	83,259					$	—					$	208,788
Selling, general and administrative expenses			40,213						36,098						57,596						21,433						155,340
Research and development expenses			4,095						5,067						2,905						1,368						13,435
Royalty expense			5,287						1,338						1,685						—						8,310
Segment profit (loss)			$	28,404					$	5,027					$	21,073					$	(22,801)					$	31,703
Interest expense																					(28,935)						(28,935)
Interest income																					7,726						7,726
Foreign exchange loss																					(6,389)						(6,389)
Other loss																					(159)						(159)
(Loss) income before income taxes																					$	(50,558)					$	3,946

			Three months ended September 30, 2024
			Agriculture						Earthmoving/Construction						Consumer						Corporate & Unallocated						Total
Net sales			$	175,439					$	136,313					$	136,233					$	—					$	447,985
Cost of sales			158,719						124,660						105,801						—						389,180
Gross profit			$	16,720					$	11,653					$	30,432					$	—					$	58,805
Selling, general and administrative expenses			12,201						11,577						17,679						8,076						49,533
Research and development expenses			1,248						1,645						908						398						4,199
Royalty expense			1,361						342						563						—						2,266
Segment profit (loss)			$	1,910					$	(1,911)					$	11,282					$	(8,474)					$	2,807
Interest expense																					(9,005)						(9,005)
Interest income																					3,064						3,064
Foreign exchange loss																					(2,525)						(2,525)
Other income																					375						375
Loss before income taxes																					$	(16,565)					$	(5,284)

			Nine months ended September 30, 2024
			Agriculture						Earthmoving/Construction						Consumer						Corporate & Unallocated						Total
Net sales			$	631,442					$	467,085					$	363,837					$	—					$	1,462,364
Cost of sales			541,800						411,156						292,791						—						1,245,747
Gross profit			$	89,642					$	55,929					$	71,046					$	—					$	216,617
Selling, general and administrative expenses			39,522						35,654						44,479						20,881						140,536
Acquisition related expenses			—						—						—						6,196						6,196
Research and development expenses			3,640						5,125						2,078						1,228						12,071
Royalty expense			4,788						1,180						1,645						—						7,613
Segment profit (loss)			$	41,692					$	13,970					$	22,844					$	(28,305)					$	50,201
Interest expense																					(27,103)						(27,103)
Interest income																					8,483						8,483
Foreign exchange loss																					(2,338)						(2,338)
Other income																					4,057						4,057
(Loss) income before income taxes																					$	(45,206)					$	33,300

Schedule of Reconciliation of Revenue from Segments to Consolidated

The tables below present net sales by products and reportable segments for the three and nine months ended September 30, 2025 and 2024 (amounts in thousands):

			Agricultural						Earthmoving/Construction						Consumer						Total
Three months ended September 30, 2025
Wheels and Tires [including assemblies]			$	177,578					$	54,672					$	125,008					$	357,258
Undercarriage systems and components			11,159						90,696						7,353						109,208
Total			$	188,737					$	145,368					$	132,361					$	466,466
Nine months ended September 30, 2025
Wheels and Tires [including assemblies]			$	548,803					$	163,223					$	374,744					$	1,086,770
Undercarriage systems and components			30,903						277,782						22,549						331,234
Total			$	579,706					$	441,005					$	397,293					$	1,418,004

			Agricultural						Earthmoving/Construction						Consumer						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

Segment, Reconciliation of Other Items from Segments to Consolidated

Depreciation and amortization expense by segment were as follows as of the periods set forth below (amounts in thousands):

			Agricultural						Earthmoving/Construction						Consumer						Corporate & Unallocated						Total
Three months ended September 30, 2025			$	6,555					$	5,048					$	4,596					$	595					$	16,794
Nine months ended September 30, 2025			19,453						14,825						13,278						1,732						49,288
Three months ended September 30, 2024			4,833						3,756						3,754						293						12,636
Nine months ended September 30, 2024			16,583						12,314						9,792						1,370						40,059

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Tabular disclosure of reconciliation of other items from reportable segments to their consolidated amount. Excludes reconciliation of revenue, profit (loss), and assets.

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