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Business Segments (Tables)
12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Net Sales and Percentage of Consolidated Net Sales

Net sales and percentage of consolidated Company sales for this customer in 2015, 2014 and 2013 were as follows:

 

     2015     2014     2013  

Customer

   Net Sales      Consolidated
Net Sales
    Net Sales      Consolidated
Net Sales
    Net Sales      Consolidated
Net Sales
 

TBC/Treadways

   $ 485,257         16   $ 440,820         13   $ 432,011         13
Segment Financial Information

The following table details segment financial information:

 


     2015     2014     2013  

Net sales:

      

Americas Tire

      

External customers

   $ 2,627,619      $ 2,524,554      $ 2,429,808   

Intercompany

     57,135        60,930        56,778   
  

 

 

   

 

 

   

 

 

 
     2,684,754        2,585,484        2,486,586   

International Tire

      

External customers

     345,282        900,255        1,009,425   

Intercompany

     106,597        240,571        232,104   
  

 

 

   

 

 

   

 

 

 
     451,879        1,140,826        1,241,529   

Eliminations

     (163,732     (301,501     (288,882
  

 

 

   

 

 

   

 

 

 

Consolidated net sales

     2,972,901        3,424,809        3,439,233   

Operating profit (loss):

      

Americas Tire

     422,929        274,837        204,239   

International Tire

     (19,133     74,566        83,990   

Unallocated corporate charges

     (52,342     (48,930     (52,578

Eliminations

     3,026        (15     5,063   
  

 

 

   

 

 

   

 

 

 

Consolidated operating profit

     354,480        300,458        240,714   

Interest expense

     (23,820     (28,138     (27,906

Interest income

     2,211        1,500        810   

Gain on sale of interest in subsidiary

     —          77,471        —     

Other non-operating income (expense)

     1,157        (2,772     (647
  

 

 

   

 

 

   

 

 

 

Income before income taxes

     334,028        348,519        212,971   

Depreciation and amortization expense

      

Americas Tire

     92,377        82,457        75,132   

International Tire

     28,577        54,400        54,825   

Corporate

     454        2,309        4,794   
  

 

 

   

 

 

   

 

 

 

Consolidated depreciation and amortization expense

     121,408        139,166        134,751   

Segment assets

      

Americas Tire

     1,386,361        1,284,302        1,171,478   

International Tire

     414,051        423,059        958,914   

Corporate and other

     635,764        781,576        606,678   
  

 

 

   

 

 

   

 

 

 

Consolidated assets

     2,436,176        2,488,937        2,737,070   

Expenditures for long-lived assets

      

Americas Tire

     145,813        95,539        87,655   

International Tire

     33,839        44,741        61,973   

Corporate

     2,892        4,761        30,820   
  

 

 

   

 

 

   

 

 

 

Consolidated expenditures for long-lived assets

     182,544        145,041        180,448
Geographic Information for Revenues, Based on Country of Origin, and Long-Lived Assets

Geographic information for revenues, based on country of origin, and long-lived assets follows:

 

     2015      2014      2013  

Net sales

        

United States

   $ 2,518,089       $ 2,423,471       $ 2,332,526   

PRC

     126,674         635,632         745,444   

Rest of world

     328,138         365,706         361,263   
  

 

 

    

 

 

    

 

 

 

Consolidated net sales

     2,972,901         3,424,809         3,439,233   

Long-lived assets

        

United States

     537,173         474,357         453,693   

PRC

     105,237         113,335         353,551   

Rest of world

     152,788         152,511         167,025   
  

 

 

    

 

 

    

 

 

 

Consolidated long-lived assets

     795,198         740,203         974,269