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OTHER INCOME
 12 Months Ended
Dec. 31, 2012
Other Income and Expenses [Abstract]  
OTHER INCOME, NET
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