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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)
In Thousands, except Per Share data
3 Months Ended6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Consolidated Condensed Statements of Operations (Unaudited)    
Net sales$ 404,447$ 229,656$ 685,276$ 426,104
Cost of sales340,113195,753564,670366,114
Gross profit64,33433,903120,60659,990
Selling, general & administrative expenses16,57312,16241,86623,971
Research and development expenses1,0141,9002,1973,927
Royalty expense2,3502,4135,2674,534
Income from operations44,39717,42871,27627,558
Interest expense(6,149)(6,790)(12,429)(13,846)
Noncash convertible debt conversion charge00(16,135)0
Loss on senior note repurchase0(2,722)0(2,722)
Other income (expense)2,270(427)2,463(94)
Income before income taxes40,5187,48945,17510,896
Provision for income taxes14,9622,92022,6554,249
Net Income25,5564,56922,5206,647
Net (loss) attributable to noncontrolling interests(8)0(8)0
Net income attributable to Titan$ 25,564$ 4,569$ 22,528$ 6,647
Earnings per common share:    
Basic (in dollars per share)$ 0.61$ 0.13$ 0.55$ 0.19
Diluted (in dollars per share)$ 0.50$ 0.12$ 0.47$ 0.19
Average common shares outstanding:    
Basic (in shares)41,98134,81541,25034,794
Diluted (in shares)53,39451,40753,22935,347
Dividends declared per common share:$ 0.005$ 0.005$ 0.010$ 0.010