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Business Segments (Tables)
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Segment Financial Information
The following table details segment financial information:
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2020
 
2019
 
2020
 
2019
Net sales:
 
 
 
 
 
 
 
 
Americas Tire
 
 
 
 
 
 
 
 
External customers
 
$
422,653

 
$
570,537

 
$
872,139

 
$
1,075,295

Intercompany
 
2,870

 
11,770

 
10,439

 
21,948

 
 
425,523

 
582,307

 
882,578

 
1,097,243

International Tire
 
 
 
 
 
 
 
 
External customers
 
73,606

 
108,593

 
155,814

 
222,999

Intercompany
 
27,318

 
29,921

 
47,498

 
59,300

 
 
100,924

 
138,514

 
203,312

 
282,299

Eliminations
 
(30,188
)
 
(41,691
)
 
(57,937
)
 
(81,249
)
Consolidated net sales
 
$
496,259

 
$
679,130

 
$
1,027,953

 
$
1,298,293

 
 
 
 
 
 
 
 
 
Operating profit (loss):
 
 
 
 
 
 
 
 
Americas Tire
 
$
21,808

 
$
46,814

 
$
32,224

 
$
85,603

International Tire
 
1,447

 
(1,296
)
 
(8,832
)
 
(2,635
)
Unallocated corporate charges
 
(18,455
)
 
(13,278
)
 
(25,406
)
 
(23,730
)
Eliminations
 
511

 
(569
)
 
1,097

 
(1,136
)
Consolidated operating (loss) profit
 
$
5,311

 
$
31,671

 
$
(917
)
 
$
58,102

 
 
 
 
 
 
 
 
 
Interest expense
 
$
(6,507
)
 
$
(7,810
)
 
$
(11,514
)
 
$
(16,123
)
Interest income
 
650

 
1,999

 
2,346

 
5,379

Other pension and postretirement benefit expense
 
(5,582
)
 
(9,288
)
 
(9,792
)
 
(18,650
)
Other non-operating (expense) income
 
(397
)
 
(1,463
)
 
1,375

 
(84
)
(Loss) Income before income taxes
 
$
(6,525
)
 
$
15,109

 
$
(18,502
)
 
$
28,624