SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment Information

SEGMENT AND GEOGRAPHICAL 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, “Description of Business and Significant Accounting Policies.”  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 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’ goodwill and 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.

The table below presents information about certain operating results of segments as reviewed by the chief operating decision maker of the Company as of and for the years ended December 31, 2015, 2014 and 2013 (amounts in thousands):

	2015			2014			2013
Revenues from external customers
Agricultural	$	723,715		$	1,016,882		$	1,182,187
Earthmoving/construction	505,927			610,596			749,115
Consumer	165,129			268,049			232,293
	$	1,394,771		$	1,895,527		$	2,163,595
Gross profit
Agricultural	$	97,341		$	134,688		$	198,910
Earthmoving/construction	33,526			(7,609		)	83,358
Consumer	11,084			16,250			15,542
Unallocated corporate	(4,142		)	(2,686		)	(2,620		)
	$	137,809		$	140,643		$	295,190
Income (loss) from operations
Agricultural	$	61,786		$	63,838		$	151,841
Earthmoving/construction	(13,707		)	(80,600		)	22,008
Consumer	(5,458		)	(8,766		)	1,630
Unallocated corporate	(66,900		)	(72,097		)	(73,084		)
Consolidated income (loss) from operations	(24,279		)	(97,625		)	102,395
Interest expense	(34,032		)	(36,564		)	(47,120		)
Convertible debt conversion charge	—			—			(7,273		)
Loss on senior note repurchase	—			—			(22,734		)
Gain on earthquake insurance recovery	—			—			22,451
Foreign Exchange Loss	(4,758		)	(31,713		)	(4,920		)
Other income (expense), net	11,063			13,658			11,935
Income (loss) before income taxes	$	(52,006	)	$	(152,244	)	$	54,734
Capital expenditures
Agricultural	$	12,733		$	17,448		$	28,763
Earthmoving/construction	19,468			29,190			35,702
Consumer	3,442			7,608			7,393
Unallocated corporate	12,786			4,193			8,273
	$	48,429		$	58,439		$	80,131
Depreciation & amortization
Agricultural	$	28,489		$	37,996		$	29,781
Earthmoving/construction	29,069			36,608			40,272
Consumer	7,037			9,743			6,246
Unallocated corporate	5,023			4,357			4,323
	$	69,618		$	88,704		$	80,622
Total assets
Agricultural	$	432,983		$	508,741		$	725,032
Earthmoving/construction	540,434			591,553			749,564
Consumer	122,123			175,475			172,320
Unallocated corporate (a)	179,651			219,955			174,315
	$	1,275,191		$	1,495,724		$	1,821,231

(a)  Unallocated assets include cash of approximately $143 million, $133 million, and $82 million at year-end 2015, 2014 and 2013, respectively.

The table below presents information by geographic area.  Revenues from external customers were determined based on the location of the selling subsidiary.  Geographic information as of and for the years ended December 31, 2015, 2014 and 2013 was as follows (amounts in thousands):

2015	United States		Brazil		Other Countries		Consolidated Totals
Revenues from external customers	$	702,856	$	205,070	$	486,845	$	1,394,771
Long-lived assets	190,171		58,820		201,029		450,020
2014
Revenues from external customers	$	904,097	$	352,342	$	639,088	$	1,895,527
Long-lived assets	223,797		80,414		223,203		527,414
2013
Revenues from external customers	$	1,159,061	$	397,426	$	607,108	$	2,163,595
Long-lived assets	266,413		101,282		313,187		680,882