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SUBSIDIARY GUARANTOR FINANCIAL INFORMATION-5.625% CONVERTIBLE NOTES (Tables) (Convertible Senior Subordinated Notes 5.625 Percent [Member])
12 Months Ended
Dec. 31, 2011
Convertible Senior Subordinated Notes 5.625 Percent [Member]
 
Condensed Financial Statements, Captions [Line Items]  
Condensed Financial Information, Condensed Statement of Operations [Table Text Block]
(Amounts in thousands)
Consolidating Condensed Statements of Operations
Year Ended December 31, 2011
 
Titan
 Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net sales
$

 
$
1,195,707

 
$
291,291

 
$

 
$
1,486,998

Cost of sales
1,276

 
984,289

 
269,325

 

 
1,254,890

Gross profit (loss)
(1,276
)
 
211,418

 
21,966

 

 
232,108

Selling, general and administrative expenses
30,936

 
10,648

 
44,333

 

 
85,917

Research and development expenses
87

 
4,141

 

 

 
4,228

Royalty expense

 
7,997

 
1,793

 

 
9,790

Income (loss) from operations
(32,299
)
 
188,632

 
(24,160
)
 

 
132,173

Interest expense
(24,489
)
 

 
(770
)
 

 
(25,259
)
Noncash convertible debt conversion charge
(16,135
)
 

 

 

 
(16,135
)
Other income (expense)
5,456

 
(127
)
 
(213
)
 

 
5,116

Income (loss) before income taxes
(67,467
)
 
188,505

 
(25,143
)
 

 
95,895

Provision (benefit) for income taxes
(17,294
)
 
63,527

 
(8,474
)
 

 
37,759

Equity in earnings of subsidiaries
108,309

 

 

 
(108,309
)
 

Net income (loss)
58,136

 
124,978

 
(16,669
)
 
(108,309
)
 
58,136

Net loss noncontrolling interests

 

 

 
(16
)
 
(16
)
Net income (loss) attributable to Titan
$
58,136

 
$
124,978

 
$
(16,669
)
 
$
(108,293
)
 
$
58,152



(Amounts in thousands)
Consolidating Condensed Statements of Operations
Year Ended December 31, 2010
 
Titan
 Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net sales
$

 
$
881,591

 
$

 
$

 
$
881,591

Cost of sales
2,340

 
773,396

 
1,765

 

 
777,501

Gross profit (loss)
(2,340
)
 
108,195

 
(1,765
)
 

 
104,090

Selling, general and administrative expenses
27,400

 
8,790

 
21,375

 

 
57,565

Research and development expenses

 
6,317

 

 

 
6,317

Royalty expense

 
9,263

 

 

 
9,263

Income (loss) from operations
(29,740
)
 
83,825

 
(23,140
)
 

 
30,945

Interest expense
(26,667
)
 

 

 

 
(26,667
)
Loss on note repurchase
(14,573
)
 

 

 

 
(14,573
)
Other income
921

 
49

 
135

 

 
1,105

Income (loss) before income taxes
(70,059
)
 
83,874

 
(23,005
)
 

 
(9,190
)
Provision (benefit) for income taxes
(31,409
)
 
38,463

 
(10,318
)
 

 
(3,264
)
Equity in earnings of subsidiaries
32,724

 

 

 
(32,724
)
 

Net income (loss)
$
(5,926
)
 
$
45,411

 
$
(12,687
)
 
$
(32,724
)
 
$
(5,926
)

(Amounts in thousands)
Consolidating Condensed Statements of Operations
Year Ended December 31, 2009
 
Titan
 Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net sales
$

 
$
727,599

 
$

 
$

 
$
727,599

Cost of sales
(6
)
 
669,561

 
2,079

 

 
671,634

Gross profit (loss)
6

 
58,038

 
(2,079
)
 

 
55,965

Selling, general and administrative expenses
16,549

 
10,321

 
19,864

 

 
46,734

Research and development expenses
67

 
8,783

 

 

 
8,850

Royalty expense

 
7,573

 

 

 
7,573

Noncash goodwill impairment charge

 

 
11,702

 

 
11,702

Income (loss) from operations
(16,610
)
 
31,361

 
(33,645
)
 

 
(18,894
)
Interest expense
(16,246
)
 

 

 

 
(16,246
)
Gain on note repurchase
1,398

 

 

 

 
1,398

Other income
1,452

 
125

 
163

 

 
1,740

Income (loss) before income taxes
(30,006
)
 
31,486

 
(33,482
)
 

 
(32,002
)
Provision (benefit) for income taxes
(6,897
)
 
7,238

 
(7,698
)
 

 
(7,357
)
Equity in earnings of subsidiaries
(1,536
)
 

 

 
1,536

 

Net income (loss)
$
(24,645
)
 
$
24,248

 
$
(25,784
)
 
$
1,536

 
$
(24,645
)
Condensed Financial Information, Condensed Balance Sheet [Table Text Block]
(Amounts in thousands)
Consolidating Condensed Balance Sheets
December 31, 2011
 
Titan
 Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
125,266

 
$
6

 
$
3,898

 
$

 
$
129,170

Accounts receivable

 
137,226

 
52,301

 

 
189,527

Inventories

 
162,134

 
28,738

 

 
190,872

Prepaid and other current assets
27,251

 
15,490

 
12,283

 

 
55,024

Total current assets
152,517

 
314,856

 
97,220

 

 
564,593

Property, plant and equipment, net
9,562

 
219,734

 
105,446

 

 
334,742

Investment in subsidiaries
184,317

 

 

 
(184,317
)
 

Other assets
44,918

 
1,454

 
64,579

 

 
110,951

Total assets
$
391,314

 
$
536,044

 
$
267,245

 
$
(184,317
)
 
$
1,010,286

Liabilities and Stockholders’ Equity
 

 
 

 
 

 
 

 
 

Short-term debt
$

 
$

 
$
11,723

 
$

 
$
11,723

Accounts payable
930

 
33,563

 
42,081

 

 
76,574

Other current liabilities
22,687

 
39,457

 
25,325

 

 
87,469

Total current liabilities
23,617

 
73,020

 
79,129

 

 
175,766

Long-term debt
312,881

 

 
5,000

 

 
317,881

Other long-term liabilities
29,267

 
38,187

 
52,306

 

 
119,760

Intercompany accounts
(369,690
)
 
157,264

 
212,426

 

 

Titan stockholders' equity
395,239

 
267,573

 
(81,616
)
 
(185,957
)
 
395,239

Noncontrolling interests

 

 

 
1,640

 
1,640

Total liabilities and stockholders’ equity
$
391,314

 
$
536,044

 
$
267,245

 
$
(184,317
)
 
$
1,010,286

(Amounts in thousands)
Consolidating Condensed Balance Sheets
December 31, 2010
 
Titan
Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
239,362

 
$
6

 
$
132

 
$

 
$
239,500

Accounts receivable

 
89,004

 

 

 
89,004

Inventories

 
118,143

 

 

 
118,143

Prepaid and other current assets
17,981

 
16,240

 
482

 

 
34,703

Total current assets
257,343

 
223,393

 
614

 

 
481,350

Property, plant and equipment, net
7,678

 
235,143

 
5,233

 

 
248,054

Investment in subsidiaries
42,541

 

 

 
(42,541
)
 

Other assets
22,183

 
869

 
28,424

 

 
51,476

Total assets
$
329,745

 
$
459,405

 
$
34,271

 
$
(42,541
)
 
$
780,880

Liabilities and Stockholders’ Equity
 

 
 

 
 

 
 

 
 

Accounts payable
$
1,406

 
$
33,473

 
$
402

 
$

 
$
35,281

Other current liabilities
16,066

 
39,186

 
1,820

 

 
57,072

Total current liabilities
17,472

 
72,659

 
2,222

 

 
92,353

Long-term debt
373,564

 

 

 

 
373,564

Other long-term liabilities
8,855

 
28,083

 
5,994

 

 
42,932

Intercompany accounts
(342,177
)
 
165,269

 
176,908

 

 

Stockholders’ equity
272,031

 
193,394

 
(150,853
)
 
(42,541
)
 
272,031

Total liabilities and stockholders’ equity
$
329,745

 
$
459,405

 
$
34,271

 
$
(42,541
)
 
$
780,880

Condensed Financial Information, Condensed Statement of Cash Flows [Table Text Block]
(Amounts in thousands)
Consolidating Condensed Statements of Cash Flows
Year Ended December 31, 2011
 
Titan
 Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Consolidated
Net cash provided by (used for) operating activities
$
(12,391
)
 
$
17,958

 
$
(1,141
)
 
$
4,426

Cash flows from investing activities:
 

 
 

 
 

 
 

Capital expenditures
(3,530
)
 
(19,721
)
 
(12,493
)
 
(35,744
)
Acquisitions, net of cash acquired
(99,118
)
 

 

 
(99,118
)
Purchases of marketable securities
(30,000
)
 

 

 
(30,000
)
Sales of marketable securities
31,586

 

 

 
31,586

Other, net

 
1,763

 
710

 
2,473

Net cash used for investing activities
(101,062
)
 
(17,958
)
 
(11,783
)
 
(130,803
)
Cash flows from financing activities:
 

 
 

 
 

 
 

Repurchase of senior unsecured notes
(1,064
)
 

 

 
(1,064
)
Payment on debt

 

 
(8,856
)
 
(8,856
)
Term loan borrowing

 

 
25,879

 
25,879

Proceeds from exercise of stock options
524

 

 

 
524

Excess tax benefit from stock options exercised
706

 

 

 
706

Dividends paid
(809
)
 

 

 
(809
)
Net cash provided by (used for) financing activities
(643
)
 

 
17,023

 
16,380

Effect of exchange rate change on cash

 

 
(333
)
 
(333
)
Net increase (decrease) in cash and cash equivalents
(114,096
)
 

 
3,766

 
(110,330
)
Cash and cash equivalents, beginning of period
239,362

 
6

 
132

 
239,500

Cash and cash equivalents, end of period
$
125,266

 
$
6

 
$
3,898

 
$
129,170



(Amounts in thousands)
Consolidating Condensed Statements of Cash Flows
Year Ended December 31, 2010
 
Titan
 Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Consolidated
Net cash provided by (used for) operating activities
$
28,158

 
$
22,036

 
$
517

 
$
50,711

Cash flows from investing activities:
 

 
 

 
 

 
 

Capital expenditures
(6,155
)
 
(22,123
)
 
(576
)
 
(28,854
)
Other, net

 
82

 
24

 
106

Net cash used for investing activities
(6,155
)
 
(22,041
)
 
(552
)
 
(28,748
)
Cash flows from financing activities:
 

 
 

 
 

 
 

Proceeds from borrowings
200,000

 

 

 
200,000

Repurchase of senior notes
(206,166
)
 

 

 
(206,166
)
Proceeds from exercise of stock options
285

 

 

 
285

Payment of financing fees
(5,057
)
 

 

 
(5,057
)
Dividends paid
(707
)
 

 

 
(707
)
Net cash used for financing activities
(11,645
)
 

 

 
(11,645
)
Net increase (decrease) in cash and cash equivalents
10,358

 
(5
)
 
(35
)
 
10,318

Cash and cash equivalents, beginning of period
229,004

 
11

 
167

 
229,182

Cash and cash equivalents, end of period
$
239,362

 
$
6

 
$
132

 
$
239,500

 

(Amounts in thousands)
Consolidating Condensed Statements of Cash Flows
Year Ended December 31, 2009
 
Titan
 Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Consolidated
Net cash provided by (used for) operating activities
$
36,592

 
$
36,248

 
$
(527
)
 
$
72,313

Cash flows from investing activities:
 

 
 

 
 

 
 

Capital expenditures
(2,704
)
 
(36,322
)
 
(511
)
 
(39,537
)
Acquisition of shares of Titan Europe Plc

 

 
(2,399
)
 
(2,399
)
Other, net

 
25

 
1,017

 
1,042

Net cash used for investing activities
(2,704
)
 
(36,297
)
 
(1,893
)
 
(40,894
)
Cash flows from financing activities:
 

 
 

 
 

 
 

Proceeds from borrowings
172,500

 

 

 
172,500

Repurchase of senior notes
(4,726
)
 

 

 
(4,726
)
Payment on revolving credit facility, net
(25,000
)
 

 

 
(25,000
)
Proceeds from exercise of stock options
1,142

 

 

 
1,142

Payment of financing fees
(7,107
)
 

 

 
(7,107
)
Dividends paid
(704
)
 

 

 
(704
)
Net cash provided by financing activities
136,105

 

 

 
136,105

Net increase (decrease) in cash and cash equivalents
169,993

 
(49
)
 
(2,420
)
 
167,524

Cash and cash equivalents, beginning of period
59,011

 
60

 
2,587

 
61,658

Cash and cash equivalents, end of period
$
229,004

 
$
11

 
$
167

 
$
229,182