Business Segments (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Schedule of Segment Financial Information

The following table details segment financial information:

	Twelve Months Ended December 31,
	2020		2019		2018
Net sales:
Americas Tire
External customers	$	2,148,828	$	2,315,497	$	2,330,457
Intercompany	22,061		38,229		32,189
	2,170,889		2,353,726		2,362,646
International Tire
External customers	372,246		437,143		477,621
Intercompany	109,409		96,860		163,355
	481,655		534,003		640,976
Eliminations	(131,470)		(135,090)		(195,560)
Consolidated net sales	$	2,521,074	$	2,752,639	$	2,808,062
Operating profit (loss):
Americas Tire	$	280,349	$	237,753	$	229,500
International Tire	3,167		(13,390)		(14,044)
Unallocated corporate charges	(54,690)		(49,968)		(51,564)
Eliminations	2,055		60		1,353
Consolidated operating profit	$	230,881	$	174,455	$	165,245
Interest expense	$	(22,707)	$	(31,189)	$	(32,181)
Interest income	3,569		9,458		10,216
Other pension and postretirement benefit expense	(25,419)		(41,567)		(27,806)
Other non-operating income (expense)	4,579		(1,485)		(1,416)
Income before income taxes	$	190,903	$	109,672	$	114,058
Depreciation and amortization expense:
Americas Tire (a)	$	93,469	$	95,761	$	93,978
International Tire	41,654		31,654		34,564
Corporate (a)	23,724		20,639		18,619
Consolidated depreciation and amortization expense	$	158,847	$	148,054	$	147,161
Segment assets:
Americas Tire	$	1,478,125	$	1,543,779	$	1,513,534
International Tire	736,877		739,076		662,226
Corporate and other	756,571		519,483		458,445
Consolidated assets	$	2,971,573	$	2,802,338	$	2,634,205
Expenditures for long-lived assets:
Americas Tire	$	114,565	$	111,819	$	112,444
International Tire	31,383		62,334		71,667
Corporate	5,250		28,569		9,188
Consolidated expenditures for long-lived assets	$	151,198	$	202,722	$	193,299

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

Geographic information for long-lived assets follows:

	As of December 31,
	2020		2019		2018
Net sales
United States	$	2,071,981	$	2,175,599	$	2,196,424
Rest of world	449,093		577,040		611,638
Consolidated net sales	$	2,521,074	$	2,752,639	$	2,808,062
Long-lived assets (b)
United States	$	714,139	$	683,769	$	595,768
PRC	232,553		239,889		232,339
Rest of world	222,816		204,336		173,814
Consolidated long-lived assets	$	1,169,508	$	1,127,994	$	1,001,921

(a) - Depreciation and amortization of $51,210 and $36,713 has been reclassified in 2019 and 2018, respectively, from Corporate to Americas Tire to properly present such expense as reflected in the segment results for the corresponding periods. .

(b) - Beginning in 2019, the company includes Right of Use Assets in the Long-lived assets for each segment.

Schedule of Revenue by Major Customers by Reporting Segments

Net sales and percentage of consolidated Company net sales for these customers in 2020, 2019 and 2018 were as follows:

	2020				2019				2018
Customer	Net Sales		Consolidated Net Sales		Net Sales		Consolidated Net Sales		Net Sales		Consolidated Net Sales
American Tire Distributors, Inc.	$	329,631	13	%	$	311,559	11	%	$	310,070	11	%