SUBSIDIARY GUARANTOR FINANCIAL INFORMATION-7.875% SENIOR NOTES (Tables) (7.875% senior secured notes [Member])

3 Months Ended

9 Months Ended

Sep. 30, 2012

7.875% senior secured notes [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 For the Three Months Ended September 30, 2012
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	305,711	$	99,008		$	—		$	404,719
Cost of sales	253			240,966		96,339			—			337,558
Gross profit (loss)	(253		)	64,745		2,669			—			67,161
Selling, general and administrative expenses	(9,013		)	40,113		(5,603		)	—			25,497
Research and development expenses	155			1,598		6			—			1,759
Royalty expense	—			1,778		1,961			—			3,739
Income from operations	8,605			21,256		6,305			—			36,166
Interest expense	(6,012		)	—		(175		)	—			(6,187		)
Other income	1,163			156		1,120			—			2,439
Income before income taxes	3,756			21,412		7,250			—			32,418
Provision (benefit) for income taxes	6,329			7,281		(21		)	—			13,589
Equity in earnings of subsidiaries	21,402			—		5,684			(27,086		)	—
Net income (loss)	18,829			14,131		12,955			(27,086		)	18,829
Net loss noncontrolling interests	—			—		—			(750		)	(750		)
Net income (loss) attributable to Titan	$	18,829		$	14,131	$	12,955		$	(26,336	)	$	19,579



(Amounts in thousands)	Consolidating Condensed Statements of Operations For the Three Months Ended September 30, 2011
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	293,991		$	104,814		$	—		$	398,805
Cost of sales	380			250,021			95,410			—			345,811
Gross profit (loss)	(380		)	43,970			9,404			—			52,994
Selling, general and administrative expenses	(4,443		)	2,366			10,625			—			8,548
Research and development expenses	—			796			—			—			796
Royalty expense	—			1,620			643			—			2,263
Income (loss) from operations	4,063			39,188			(1,864		)	—			41,387
Interest expense	(6,114		)	—			(502		)	—			(6,616		)
Other income (expense)	(552		)	(212		)	208			—			(556		)
Income (loss) before income taxes	(2,603		)	38,976			(2,158		)	—			34,215
Provision (benefit) for income taxes	(988		)	14,482			(804		)	—			12,690
Equity in earnings of subsidiaries	23,140			—			—			(23,140		)	—
Net income (loss)	21,525			24,494			(1,354		)	(23,140		)	21,525
Net income noncontrolling interests	—			—			—			362			362
Net income (loss) attributable to Titan	$	21,525		$	24,494		$	(1,354	)	$	(23,502	)	$	21,163



(Amounts in thousands)	Consolidating Condensed Statements of Operations For the Nine Months Ended September 30, 2012
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	1,039,192	$	287,848		$	—		$	1,327,040
Cost of sales	812			813,354		270,264			—			1,084,430
Gross profit (loss)	(812		)	225,838		17,584			—			242,610
Selling, general and administrative expenses	4,970			69,791		4,981			—			79,742
Research and development expenses	327			3,904		225			—			4,456
Royalty expense	—			5,250		3,490			—			8,740
Supply agreement termination income	—			—		(26,134		)	—			(26,134		)
Income (loss) from operations	(6,109		)	146,893		35,022			—			175,806
Interest expense	(18,119		)	—		(580		)	—			(18,699		)
Other income	3,620			604		1,939			—			6,163
Income (loss) before income taxes	(20,608		)	147,497		36,381			—			163,270
Provision for income taxes	1,261			51,135		12,326			—			64,722
Equity in earnings of subsidiaries	120,417			—		65,310			(185,727		)	—
Net income (loss)	98,548			96,362		89,365			(185,727		)	98,548
Net loss noncontrolling interests	—			—		—			(506		)	(506		)
Net income (loss) attributable to Titan	$	98,548		$	96,362	$	89,365		$	(185,221	)	$	99,054



(Amounts in thousands)	Consolidating Condensed Statements of Operations For the Nine Months Ended September 30, 2011
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	873,352		$	210,729		$	—		$	1,084,081
Cost of sales	1,282			716,572			192,627			—			910,481
Gross profit (loss)	(1,282		)	156,780			18,102			—			173,600
Selling, general and administrative expenses	15,513			7,372			27,529			—			50,414
Research and development expenses	4			2,982			7			—			2,993
Royalty expense	—			6,304			1,226			—			7,530
Income (loss) from operations	(16,799		)	140,122			(10,660		)	—			112,663
Interest expense	(18,426		)	—			(619		)	—			(19,045		)
Noncash convertible debt conversion charge	(16,135		)	—			—			—			(16,135		)
Other income (expense)	1,644			(493		)	756			—			1,907
Income (loss) before income taxes	(49,716		)	139,629			(10,523		)	—			79,390
Provision (benefit) for income taxes	(12,424		)	51,663			(3,894		)	—			35,345
Equity in earnings of subsidiaries	81,337			—			—			(81,337		)	—
Net income (loss)	44,045			87,966			(6,629		)	(81,337		)	44,045
Net income noncontrolling interests	—			—			—			354			354
Net income (loss) attributable to Titan	$	44,045		$	87,966		$	(6,629	)	$	(81,691	)	$	43,691

Condensed Financial Information, Condensed Statement of Comprehensive Income [Table Text Block]



(Amounts in thousands)	Consolidating Condensed Statements of Comprehensive Income For the Three Months Ended September 30, 2012
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	18,829		$	14,131	$	12,955		$	(27,086	)	$	18,829
Unrealized gain (loss) on investments, net of tax	(353		)	—		(353		)	353			(353		)
Currency translation adjustment, net	(1,247		)	—		(1,247		)	1,247			(1,247		)
Pension liability adjustments, net of tax	836			790		46			(836		)	836
Comprehensive income (loss)	18,065			14,921		11,401			(26,322		)	18,065
Net comprehensive loss attributable to noncontrolling interests	—			—		—			(750		)	(750		)
Comprehensive income (loss) attributable to Titan	$	18,065		$	14,921	$	11,401		$	(25,572	)	$	18,815



(Amounts in thousands)	Consolidating Condensed Statements of Comprehensive Income For the Three Months Ended September 30, 2011
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	21,525		$	24,494	$	(1,354	)	$	(23,140	)	$	21,525
Unrealized gain (loss) on investments, net of tax	(11,433		)	—		(11,433		)	11,433			(11,433		)
Currency translation adjustment, net	(12,861		)	—		(12,861		)	12,861			(12,861		)
Pension liability adjustments, net of tax	594			554		40			(594		)	594
Comprehensive income (loss)	(2,175		)	25,048		(25,608		)	560			(2,175		)
Net comprehensive income attributable to noncontrolling interests	—			—		—			362			362
Comprehensive income (loss) attributable to Titan	$	(2,175	)	$	25,048	$	(25,608	)	$	198		$	(2,537	)



(Amounts in thousands)	Consolidating Condensed Statements of Comprehensive Income For the Nine Months Ended September 30, 2012
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	98,548		$	96,362	$	89,365		$	(185,727	)	$	98,548
Unrealized gain (loss) on investments, net of tax	(16		)	—		(16		)	16			(16		)
Currency translation adjustment, net	(5,816		)	—		(5,816		)	5,816			(5,816		)
Pension liability adjustments, net of tax	2,508			2,370		138			(2,508		)	2,508
Comprehensive income (loss)	95,224			98,732		83,671			(182,403		)	95,224
Net comprehensive loss attributable to noncontrolling interests	—			—		—			(506		)	(506		)
Comprehensive income (loss) attributable to Titan	$	95,224		$	98,732	$	83,671		$	(181,897	)	$	95,730



(Amounts in thousands)	Consolidating Condensed Statements of Comprehensive Income For the Nine Months Ended September 30, 2011
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	44,045		$	87,966	$	(6,629	)	$	(81,337	)	$	44,045
Unrealized gain (loss) on investments, net of tax	2,219			—		(2,219		)	2,219			2,219
Currency translation adjustment, net	(9,929		)	—		(9,929		)	9,929			(9,929		)
Pension liability adjustments, net of tax	1,779			1,659		120			(1,779		)	1,779
Comprehensive income (loss)	38,114			89,625		(18,657		)	(70,968		)	38,114
Net comprehensive income attributable to noncontrolling interests	—			—		—			354			354
Comprehensive income (loss) attributable to Titan	$	38,114		$	89,625	$	(18,657	)	$	(71,322	)	$	37,760

Condensed Financial Information, Condensed Balance Sheet [Table Text Block]



(Amounts in thousands)	Consolidating Condensed Balance Sheets September 30, 2012
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Cash and cash equivalents	$	109,913		$	19	$	24,958		$	—		$	134,890
Accounts receivable	—			164,455		63,920			—			228,375
Inventories	—			161,933		85,845			—			247,778
Prepaid and other current assets	43,318			20,833		13,811			—			77,962
Total current assets	153,231			347,240		188,534			—			689,005
Property, plant and equipment, net	10,119			201,907		124,743			—			336,769
Investment in subsidiaries	294,154			—		75,621			(369,775		)	—
Other assets	42,008			550		89,798			—			132,356
Total assets	$	499,512		$	549,697	$	478,696		$	(369,775	)	$	1,158,130
Liabilities and Stockholders’ Equity
Short-term debt	$	—		$	—	$	7,517		$	—		$	7,517
Accounts payable	2,360			37,531		66,779			—			106,670
Other current liabilities	4,746			52,101		24,451			—			81,298
Total current liabilities	7,106			89,632		98,747			—			195,485
Long-term debt	312,881			—		1,016			—			313,897
Other long-term liabilities	49,500			32,613		44,387			—			126,500
Intercompany accounts	(364,832		)	24,881		339,951			—			—
Titan stockholders' equity	494,857			402,571		(5,405		)	(397,166		)	494,857
Noncontrolling interests	—			—		—			27,391			27,391
Total liabilities and stockholders’ equity	$	499,512		$	549,697	$	478,696		$	(369,775	)	$	1,158,130



(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		$	4	$	3,900		$	—		$	129,170
Accounts receivable	—			133,320		56,207			—			189,527
Inventories	—			144,511		46,361			—			190,872
Prepaid and other current assets	27,251			15,385		12,388			—			55,024
Total current assets	152,517			293,220		118,856			—			564,593
Property, plant and equipment, net	9,562			205,027		120,153			—			334,742
Investment in subsidiaries	184,307			—		—			(184,307		)	—
Other assets	44,918			1,454		64,579			—			110,951
Total assets	$	391,304		$	499,701	$	303,588		$	(184,307	)	$	1,010,286
Liabilities and Stockholders’ Equity
Short-term debt	$	—		$	—	$	11,723		$	—		$	11,723
Accounts payable	930			33,070		42,574			—			76,574
Other current liabilities	22,687			39,104		25,678			—			87,469
Total current liabilities	23,617			72,174		79,975			—			175,766
Long-term debt	312,881			—		5,000			—			317,881
Other long-term liabilities	29,267			38,125		52,368			—			119,760
Intercompany accounts	(369,700		)	85,560		284,140			—			—
Titan stockholders' equity	395,239			303,842		(117,895		)	(185,947		)	395,239
Noncontrolling interests	—			—		—			1,640			1,640
Total liabilities and stockholders’ equity	$	391,304		$	499,701	$	303,588		$	(184,307	)	$	1,010,286

Condensed Financial Information, Condensed Statement of Cash Flows [Table Text Block]



(Amounts in thousands)	Consolidating Condensed Statements of Cash Flows For the Nine Months Ended September 30, 2012
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by operating activities	$	20,502		$	21,251		$	43,335		$	85,088
Cash flows from investing activities:
Capital expenditures	(3,571		)	(21,592		)	(11,156		)	(36,319		)
Acquisitions, net of cash acquired	(32,760		)	—			—			(32,760		)
Other, net	—			356			280			636
Net cash used for investing activities	(36,331		)	(21,236		)	(10,876		)	(68,443		)
Cash flows from financing activities:
Payment on debt	—			—			(14,434		)	(14,434		)
Term loan borrowing	—			—			4,378			4,378
Proceeds from exercise of stock options	925			—			—			925
Excess tax benefit from stock options exercised	185			—			—			185
Dividends paid	(634		)	—			—			(634		)
Net cash provided by (used for) financing activities	476			—			(10,056		)	(9,580		)
Effect of exchange rate change on cash	—			—			(1,345		)	(1,345		)
Net increase (decrease) in cash and cash equivalents	(15,353		)	15			21,058			5,720
Cash and cash equivalents, beginning of period	125,266			4			3,900			129,170
Cash and cash equivalents, end of period	$	109,913		$	19		$	24,958		$	134,890



(Amounts in thousands)	Consolidating Condensed Statements of Cash Flows For the Nine Months Ended September 30, 2011
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by (used for) operating activities	$	(18,544	)	$	11,757		$	(4,896	)	$	(11,683	)
Cash flows from investing activities:
Capital expenditures	(2,583		)	(13,186		)	(2,132		)	(17,901		)
Acquisitions, net of cash acquired	(99,118		)	—			—			(99,118		)
Purchases of marketable securities	(30,000		)	—			—			(30,000		)
Other, net	—			1,431			510			1,941
Net cash used for investing activities	(131,701		)	(11,755		)	(1,622		)	(145,078		)
Cash flows from financing activities:
Repurchase of senior unsecured notes	(1,064		)	—			—			(1,064		)
Payment on debt	—			—			(629		)	(629		)
Term loan borrowing	—			—			14,148			14,148
Proceeds from exercise of stock options	477			—			—			477
Dividends paid	(598		)	—			—			(598		)
Net cash provided by (used for) financing activities	(1,185		)	—			13,519			12,334
Effect of exchange rate change on cash	—			—			(799		)	(799		)
Net increase (decrease) in cash and cash equivalents	(151,430		)	2			6,202			(145,226		)
Cash and cash equivalents, beginning of period	239,362			3			135			239,500
Cash and cash equivalents, end of period	$	87,932		$	5		$	6,337		$	94,274