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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current assets    
Cash and cash equivalents $ 189,114 $ 129,170
Accounts receivable (net of allowance of $5,130 and $4,204, respectively) 297,798 189,527
Inventories 366,385 190,872
Deferred income taxes 50,558 26,775
Prepaid and other current assets 75,140 28,249
Total current assets 978,995 564,593
Property, plant and equipment, net 568,344 334,742
Goodwill 24,941 19,841
Deferred Tax Assets, Gross, Noncurrent 8,383 0
Other assets 112,444 91,110
Total assets 1,693,107 1,010,286
Current liabilities    
Short-term Debt 145,801 11,723
Accounts payable 180,065 76,574
Other current liabilities 135,835 87,469
Total current liabilities 461,701 175,766
Long-term debt 441,438 317,881
Deferred income taxes 62,259 38,691
Other long-term liabilities 107,096 81,069
Total liabilities 1,072,494 613,407
Titan stockholders' equity    
Common stock (no par, 120,000,000 shares authorized, 50,350,048 and 44,092,997 issued, respectively) 0 0
Additional paid-in capital 507,199 380,332
Retained earnings 161,729 67,053
Treasury stock (at cost, 1,787,844 and 1,887,316 shares, respectively) (16,445) (17,338)
Treasury stock reserved for deferred compensation (1,075) (1,233)
Accumulated other comprehensive loss (56,954) (33,575)
Total Titan stockholders' equity 594,454 395,239
Noncontrolling interests 26,159 1,640
Total equity 620,613 396,879
Total liabilities and equity $ 1,693,107 $ 1,010,286