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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Net sales $ 463,088 $ 280,829
Cost of sales 369,725 224,557
Gross profit 93,363 56,272
Selling, general & administrative expenses 30,835 25,293
Research and development expenses 1,508 1,183
Royalty expense 2,349 2,917
Income from operations 58,671 26,879
Interest expense (6,295) (6,280)
Noncash convertible debt conversion charge 0 (16,135)
Other income 3,111 193
Income before income taxes 55,487 4,657
Provision for income taxes 20,093 7,693
Net income (loss) 35,394 (3,036)
Net loss attributable to noncontrolling interests (25) 0
Net income (loss) attributable to Titan $ 35,419 $ (3,036)
Earnings (loss) per common share:    
Basic (in dollars per share) $ 0.84 $ (0.07)
Diluted (in dollars per share) $ 0.68 $ (0.07)
Average common shares outstanding:    
Basic (in shares) 42,105 40,511
Diluted (in shares) 53,450 40,511
Dividends declared per common share: $ 0.005 $ 0.005