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INVESTMENT IN TITAN EUROPE | 12 Months Ended
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Dec. 31, 2012
INVESTMENT IN TITAN EUROPE [Abstract] |
INVESTMENT IN TITAN EUROPE | INVESTMENT IN TITAN EUROPE Investment in Titan Europe Plc at December 31, 2012 and 2011, consisted of the following (amounts in thousands):
| 2012 |  | 2011
Investment in Titan Europe Plc | $ | — |  |  | $ | 28,998 |
At December 31, 2011, the Company held a 21.8% ownership interest in Titan Europe Plc, which was previously traded on the AIM market in London, England. The investment was accounted for as an available-for-sale security and included as a component of other assets on the Consolidated Balance Sheet. During 2012, Titan acquired 100% of the outstanding stock of Titan Europe Plc (Titan Europe). Titan Europe is now consolidated into the Company's results. See Note 2 for additional information.

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