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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets    
Cash and cash equivalents $ 149,450 $ 129,170
Accounts receivable, net 237,418 189,527
Inventories 214,858 190,872
Deferred income taxes 29,773 26,775
Prepaid and other current assets 38,637 28,249
Total current assets 670,136 564,593
Property, plant and equipment, net 324,676 334,742
Other assets 99,187 110,951
Total assets 1,093,999 1,010,286
Current liabilities    
Short-term debt 7,596 11,723
Accounts payable 109,555 76,574
Other current liabilities 70,464 87,469
Total current liabilities 187,615 175,766
Long-term debt 312,881 317,881
Deferred income taxes 43,243 38,691
Other long-term liabilities 73,184 81,069
Total liabilities 616,923 613,407
Titan stockholder's equity    
Common stock (no par, 120,000,000 shares authorized, 44,092,997 issued) 37 37
Additional paid-in capital 383,102 380,295
Retained earnings 146,105 67,053
Treasury stock (at cost, 1,805,065 and 1,887,316 shares, respectively) (16,600) (17,338)
Treasury stock reserved for deferred compensation (1,233) (1,233)
Accumulated other comprehensive loss (36,135) (33,575)
Total Titan stockholders' equity 475,276 395,239
Noncontrolling interests 1,800 1,640
Total equity 477,076 396,879
Total liabilities and equity $ 1,093,999 $ 1,010,286