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ACQUISITIONS (Tables) (Goodyear's Latin American Farm Tire Business [Member]) | 6 Months Ended
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Jun. 30, 2012
Goodyear's Latin American Farm Tire Business [Member] |
Business Acquisition [Line Items] |
Schedule of Purchase Price Allocation [Table Text Block] | The purchase price allocation of the Latin American farm tire business consisted of the following (in thousands):
Cash | $ | 1,018 |
Inventories | 14,562 |
Deferred income taxes - current asset | 2,948 |
Prepaid & other current assets | 4,929 |
Property, plant & equipment | 108,905 |
Goodwill | 14,484 |
Other assets | 39,263 |
Other current liabilities | (21,127 | )
Deferred income taxes - noncurrent liability | (25,521 | )
Other noncurrent liabilities | (40,823 | )
Net assets acquired | $ | 98,638 |
Business Acquisition, Pro Forma Information [Table Text Block] | Pro forma financial information is as follows (in thousands, except per share data):
| Six months ended June 30,
| 2012 (Actual) | 2011 (Pro forma)
Net sales | $ | 922,321 |  | $ | 713,676 |
Net income | 79,719 |  | 26,650 |
Net income attributable to Titan | 79,475 |  | 26,658 |
Basic earnings per share | $ | 1.89 |  | $ | .65 |
Diluted earnings per share | 1.53 |  | .54 |

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