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SUPPLEMENTARY DATA - QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
 12 Months Ended
Dec. 31, 2011
SUPPLEMENTARY DATA – QUARTERLY FINANCIAL INFORMATION (UNAUDITED) [Abstract]  
SUPPLEMENTARY DATA – QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
SUPPLEMENTARY DATA – QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

(All amounts in thousands, except per share data)

 
Quarter ended
 
March 31
 
June 30
 
September 30
 
December 31
 
 
Year ended
December 31
 
2011
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
280,829

 
$
404,447

 
$
398,805

 
$
402,917

 
 
$
1,486,998

 
Gross profit
 
56,272

 
64,334

 
52,994

 
58,508

 
 
232,108

 
Titan net income (loss)
 
(3,036
)
(a)
25,564

 
21,163

 
14,461

 
 
58,152

 
Per share amounts:
 
 

 
 

 
 

 
 

 
 
 

 
Basic
 
(.07
)
(a)
.61

 
.50

 
.34

 
 
1.40

(b)
Diluted
 
(.07
)
(a)
.50

 
.42

 
.29

 
 
1.18

(b)
2010
 
 

 
 

 
 

 
 

 
 
 

 
Net sales
 
$
196,448

 
$
229,656

 
$
222,818

 
$
232,669

 
 
$
881,591

 
Gross profit
 
26,087

 
33,903

 
27,946

 
16,154

(c)
 
104,090

 
Titan net income (loss)
 
2,078

 
4,569

 
4,015

 
(16,588
)
(d)
 
(5,926
)
 
Per share amounts:
 
 

 
 

 
 

 
 

 
 
 

 
Basic
 
.06

 
.13

 
.12

 
(.47
)
(d)
 
(.17
)
(b)
Diluted
 
.06

 
.12

 
.11

 
(.47
)
(d)
 
(.17
)
(b)


(a)
Noncash convertible debt charge of $16.1 million was included in the quarter ended March 31, 2011.
(b)
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.
(c)
Inventory write-downs of $15.0 million for certain large earthmoving/construction tires were included in the quarter ended December 31, 2010.
(d)
Loss on note repurchase of $11.4 million was included in the quarter ended December 31, 2010.