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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Net sales $ 1,486,998 $ 881,591 $ 727,599
Cost of sales 1,254,890 777,501 671,634
Gross profit 232,108 104,090 55,965
Selling, general & administrative expenses 85,917 57,565 46,734
Research and development expenses 4,228 6,317 8,850
Royalty expense 9,790 9,263 7,573
Noncash goodwill impairment charge 0 0 11,702
Income (loss) from operations 132,173 30,945 (18,894)
Interest expense (25,259) (26,667) (16,246)
Noncash convertible debt conversion charge (16,135) 0 0
Gain (loss) on senior note repurchase 0 (14,573) 1,398
Other income (expense) 5,116 1,105 1,740
Income (loss) before income taxes 95,895 (9,190) (32,002)
Provision (benefit) for income taxes 37,759 (3,264) (7,357)
Net income (loss) 58,136 (5,926) (24,645)
Net loss attributable to noncontrolling interests (16) 0 0
Net income attributable to Titan $ 58,152 $ (5,926) [1] $ (24,645) [2]
Earnings per common share:      
Basic (in dollars per share) $ 1.40 [3] $ (0.17) [3] $ (0.71)
Diluted (in dollars per share) $ 1.18 [3] $ (0.17) [3] $ (0.71)
Average common shares outstanding:      
Basic (in shares) 41,657 34,896 [1] 34,708 [2]
Diluted (in shares) 53,144 34,896 34,708
Dividends declared per common share: $ 0.02 $ 0.02 $ 0.02
[1] The effect of stock options/trusts has been excluded as they were anti-dilutive. The weighted-average share amount excluded for stock options/trusts totaled 495,789 shares. The effect of convertible notes has not been included as they were anti-dilutive. The weighted-average share amount excluded for convertible notes totaled 16,764,701 shares.
[2] The effect of stock options/trusts has been excluded as they were anti-dilutive. The weighted-average share amount excluded for stock options/trusts totaled 559,110 shares. The effect of convertible notes has not been included as they were anti-dilutive. The weighted-average share amount excluded for convertible notes totaled 483,481 shares.
[3] As a result of changes in outstanding share balances and dilution factors, year-end per share amounts do not agree to the sum of the quarters.