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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Consolidated Condensed Statements of Operations (Unaudited)    
Net sales$ 398,805$ 222,818$ 1,084,081$ 648,922
Cost of sales345,811194,872910,481560,986
Gross profit52,99427,946173,60087,936
Selling, general & administrative expenses8,54812,03750,41436,008
Research and development expenses7961,1122,9935,039
Royalty expense2,2632,2757,5306,809
Income from operations41,38712,522112,66340,080
Interest expense(6,616)(5,867)(19,045)(19,713)
Noncash convertible debt conversion charge00(16,135)0
Loss on senior note repurchase0(473)0(3,195)
Other income (expense)(556)4011,907307
Income before income taxes34,2156,58379,39017,479
Provision for income taxes12,6902,56835,3456,817
Net income21,5254,01544,04510,662
Net income attributable to noncontrolling interests36203540
Net income attributable to Titan$ 21,163$ 4,015$ 43,691$ 10,662
Earnings per common share:    
Basic (in dollars per share)$ 0.50$ 0.12$ 1.05$ 0.31
Diluted (in dollars per share)$ 0.42$ 0.11$ 0.89$ 0.30
Average common shares outstanding:    
Basic (in shares)42,02834,86841,51234,819
Diluted (in shares)53,06151,77352,97051,740
Dividends declared per common share:$ 0.005$ 0.005$ 0.015$ 0.015