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NONCASH TITAN EUROPE PLC GAIN | 12 Months Ended
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Dec. 31, 2012
NONCASH TITAN EUROPE PLC GAIN [Abstract] |
Other Income and Other Expense Disclosure [Text Block] | 22. NONCASH TITAN EUROPE PLC GAIN Noncash Titan Europe Plc gain consisted of the following (amounts in thousands):
| 2012 |  | 2011 |  | 2010
Noncash Titan Europe Plc gain | $ | 26,700 |  |  | $ | — |  |  | $ | — |
In the fourth quarter of 2012, the Company acquired Titan Europe Plc. Prior to the acquisition, Titan held a 21.8% ownership percentage in Titan Europe, which had a fair value on the acquisition date of $31.7 million. As a result of recording the fair value of the investment on the acquisition date, a gain of $26.7 million was recorded on Titan's previously held interest in Titan Europe. This gain was previously recorded in other comprehensive income. OTHER INCOME, NET Other income consisted of the following (amounts in thousands):
| 2012 |  | 2011 |  | 2010
Discount amortization on prepaid royalty | $ | 3,736 |  |  | $ | 3,149 |  |  | $ | — |
Investment gain (loss) related to contractual obligations | 1,022 |  |  | (302 | ) |  | 824 |
Interest income | 859 |  |  | 556 |  |  | 394 |
Building rental income | 710 |  |  | — |  |  | — |
Wheels India Limited equity income | 401 |  |  | — |  |  | — |
Investment gain on marketable securities | — |  |  | 1,588 |  |  | — |
Gain on purchase transaction | — |  |  | 285 |  |  | — |
Other income (expense) | 95 |  |  | (160 | ) |  | (113 | )
| $ | 6,823 |  |  | $ | 5,116 |  |  | $ | 1,105 |

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.3,6,7,9) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 3, 6, 7, 9 -Article 5 + Details
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