SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2026

Segment Reporting [Abstract]

Segment Reporting

The tables below present information about certain operating results, separated by market segments, for the three and six months ended June 30, 2026 and 2025 (amounts in thousands):

	Three months ended June 30, 2026
	Agriculture		Earthmoving/Construction		Consumer		Total
Net sales	$	183,637	$	154,527	$	146,602	$	484,766
Cost of sales	162,742		135,216		111,884		409,842
Gross profit	$	20,895	$	19,311	$	34,718	$	74,924
Selling, general and administrative expenses	14,370		12,711		19,175		46,256
Research and development expenses	1,664		1,797		1,180		4,641
Royalty expense	1,673		450		530		2,653
Restructuring and impairment expenses	—		—		834		834
Segment profit	$	3,188	$	4,353	$	12,999	$	20,540
Corporate & unallocated expenses							(7,226)
Interest expense							(10,047)
Interest income							2,463
Foreign exchange gain							58
Other income							548
Income before income taxes							$	6,336

	Six months ended June 30, 2026
	Agriculture		Earthmoving/Construction		Consumer		Total
Net sales	$	381,982	$	314,041	$	293,816	$	989,839
Cost of sales	337,072		276,641		229,753		843,466
Gross profit	$	44,910	$	37,400	$	64,063	$	146,373
Selling, general and administrative expenses	27,856		25,767		37,848		91,471
Research and development expenses	3,150		4,056		2,186		9,392
Royalty expense	3,223		834		1,006		5,063
Restructuring and impairment expenses	—		—		25,976		25,976
Segment profit (loss)	$	10,681	$	6,743	$	(2,953)	$	14,471
Corporate & unallocated expenses							(14,942)
Interest expense							(19,934)
Interest income							4,662
Foreign exchange gain							968
Other income							1,494
Loss before income taxes							$	(13,281)

	Three months ended June 30, 2025
	Agriculture		Earthmoving/Construction		Consumer		Total
Net sales	$	193,223	$	152,347	$	115,260	$	460,830
Cost of sales	164,943		134,873		91,741		391,557
Gross profit	$	28,280	$	17,474	$	23,519	$	69,273
Selling, general and administrative expenses	13,871		12,494		18,916		45,281
Research and development expenses	1,329		1,652		915		3,896
Royalty expense	1,627		334		458		2,419
Segment profit	$	11,453	$	2,994	$	3,230	$	17,677
Corporate & unallocated expenses							(7,517)
Interest expense							(9,673)
Interest income							2,455
Foreign exchange loss							(2,995)
Other income							1,140
Income before income taxes							$	1,087

	Six months ended June 30, 2025
	Agriculture		Earthmoving/Construction		Consumer		Total
Net sales	$	390,969	$	295,637	$	264,932	$	951,538
Cost of sales	338,202		263,270		212,149		813,621
Gross profit	$	52,767	$	32,367	$	52,783	$	137,917
Selling, general and administrative expenses	25,945		23,515		38,003		87,463
Research and development expenses	2,683		3,501		1,803		7,987
Royalty expense	3,244		681		940		4,865
Segment profit	$	20,895	$	4,670	$	12,037	$	37,602
Corporate & unallocated expenses							(15,643)
Interest expense							(19,208)
Interest income							4,694
Foreign exchange loss							(4,380)
Other income							2,274
Income before income taxes							$	5,339

Schedule of Reconciliation of Revenue from Segments to Consolidated

The tables below present net sales by products and reportable segments for the three and six months ended June 30, 2026 and 2025 (amounts in thousands):

	Agricultural		Earthmoving/Construction		Consumer		Total
Three months ended June 30, 2026
Wheels and Tires [including assemblies]	$	174,504	$	53,779	$	138,008	$	366,291
Undercarriage systems and components	9,133		100,748		8,594		118,475
Total	$	183,637	$	154,527	$	146,602	$	484,766
Six months ended June 30, 2026
Wheels and Tires [including assemblies]	$	361,743	$	123,454	$	276,247	$	761,444
Undercarriage systems and components	20,239		190,587		17,569		228,395
Total	$	381,982	$	314,041	$	293,816	$	989,839

	Agricultural		Earthmoving/Construction		Consumer		Total
Three months ended June 30, 2025
Wheels and Tires [including assemblies]	$	182,858	$	54,138	$	107,561	$	344,557
Undercarriage systems and components	10,365		98,209		7,699		116,273
Total	$	193,223	$	152,347	$	115,260	$	460,830
Six months ended June 30, 2025
Wheels and Tires [including assemblies]	$	371,225	$	108,551	$	249,736	$	729,512
Undercarriage systems and components	19,744		187,086		15,196		222,026
Total	$	390,969	$	295,637	$	264,932	$	951,538

Segment Reporting, Reconciliation of Other Item by Segment 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 June 30, 2026	$	6,408	$	5,393	$	5,116	$	303	$	17,220
Six months ended June 30, 2026	12,921		10,632		9,951		789		34,293
Three months ended June 30, 2025	$	6,740	$	5,314	$	4,021	$	548	$	16,623
Six months ended June 30, 2025	12,898		9,777		8,682		1,137		32,494