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GOODWILL
 9 Months Ended
Sep. 30, 2012
GOODWILL [Abstract]  
Goodwill Disclosure [Text Block]
GOODWILL

Changes in goodwill consisted of the following (amounts in thousands):

 
2012
 
2011
 
 
 
Earthmoving/
 
 
 
 
 
Earthmoving/
 
 
 
Agricultural
 
Construction
 
 
 
Agricultural
 
Construction
 
 
 
Segment
 
Segment
 
Total
 
Segment
 
Segment
 
Total
Goodwill balance, January 1
$
19,841

 
$
—

 
$
19,841

 
$
—

 
$
—

 
$
—

   Acquisitions
—

 
13,982

 
13,982

 
21,388

 
—

 
21,388

   Acquisition adjustment
(7,289
)
 
—

 
(7,289
)
 
—

 
—

 
—

   Foreign currency translation
(957
)
 
(193
)
 
(1,150
)
 
(2,640
)
 
—

 
(2,640
)
Goodwill balance, September 30
$
11,595

 
$
13,789

 
$
25,384

 
$
18,748

 
$
—

 
$
18,748


 
The Company's agricultural segment goodwill balance is related to the acquisition of Goodyear's Latin American farm tire business which included the Sao Paulo, Brazil manufacturing facility. The Company's earthmoving/construction goodwill balance is related to the acquisition of Planet Group in August 2012. Goodwill is included as a component of other assets in the Consolidated Condensed Balance Sheets. The Company reviews goodwill for impairment during the fourth quarter of each annual reporting period, and whenever events and circumstances indicate that the carrying values may not be recoverable. The Company's consumer segment does not have any recorded goodwill.