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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)
In Thousands, except Share data
 3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Consolidated Condensed Statements of Operations (Unaudited)        
Net sales $ 404,447 $ 229,656 $ 685,276 $ 426,104
Cost of sales 340,556 195,753 565,113 366,114
Gross profit 63,891 33,903 120,163 59,990
Selling, general & administrative expenses 16,573 12,162 41,866 23,971
Research and development expenses 1,014 1,900 2,197 3,927
Royalty expense 2,350 2,413 5,267 4,534
Income from operations 43,954 17,428 70,833 27,558
Interest expense (6,149) (6,790) (12,429) (13,846)
Noncash convertible debt conversion charge 0 0 16,135 0
Loss on senior note repurchase 0 (2,722) 0 (2,722)
Other income (expense) 2,270 (427) 2,463 (94)
Income before income taxes 40,075 7,489 44,732 10,896
Provision for income taxes 14,798 2,920 22,491 4,249
Net Income 25,277 4,569 22,241 6,647
Net (loss) attributable to noncontrolling interests (8) 0 (8) 0
Net income attributable to Titan $ 25,285 $ 4,569 $ 22,249 $ 6,647
Earnings per common share:        
Basic (in dollars per share) $ 0.60 $ 0.13 $ 0.54 $ 0.19
Diluted (in dollars per share) $ 0.49 $ 0.12 $ 0.46 $ 0.19
Average common shares outstanding:        
Basic (in shares) 41,981,000.000 34,815,000.000 41,250,000.000 34,794,000.000
Diluted (in shares) 53,394,000.000 51,407,000.000 53,229,000.000 35,347,000.000
Dividends declared per common share: $ 0.005 $ 0.005 $ 0.010 $ 0.010