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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2012

INCOME TAXES [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

Income (loss) before income taxes, consisted of the following (amounts in thousands):

	2012				2011				2010
Domestic	$	167,008			$	82,282			$	(9,148	)
Foreign	13,565				13,613				(42		)
	$	180,573			$	95,895			$	(9,190	)

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The income tax provision (benefit) was as follows (amounts in thousands):

	2012				2011				2010
Current
Federal	$	47,616			$	32,140			$	(853	)
State	13,537				3,271				(331		)
Foreign	8,290				2,797				—
	69,443				38,208				(1,184		)
Deferred
Federal	14,179				(1,904		)		(2,531		)
State	1,235				(357		)		451
Foreign	1,756				1,812				—
	17,170				(449		)		(2,080		)
Income tax provision (benefit)	$	86,613			$	37,759			$	(3,264	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The income tax provision differs from the amount of income tax determined by applying the statutory U.S. federal income tax rate to pre-tax income (loss) as a result of the following:

	2012			2011			2010
Statutory U.S. federal tax rate	35.0	%		35.0	%		35.0	%
Unrecognized tax positions	3.7			—			—
Tax impact of foreign income	6.4			(0.2	)		(0.2	)
State taxes, net	2.7			1.9			(0.7	)
Domestic production exemption	(3.3	)		(3.9	)		—
Debt conversion expense	—			6.9			—
Section 162m limitation	2.6			—			—
Write off of Titan Europe deferred tax asset	2.1			—			—
Other, net	(1.2	)		(0.3	)		1.4
Effective tax rate	48.0	%		39.4	%		35.5	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.  Significant components of the Company’s deferred tax assets and liabilities at December 31, 2012 and 2011, are as follows (amounts in thousands):

	2012				2011
Deferred tax assets:
Net operating loss carryforwards	$	37,519			$	815
Pension	14,684				15,412
Unrealized loss on investments	—				5,118
Inventory	3,412				6,621
Warranty	9,723				6,707
Employee benefits and related costs	11,319				4,259
Allowance for bad debts	3,335				3,147
Prepaid royalties	7,053				1,642
Reserves, other	3,988				—
Fixed assets	8,418				—
Other	14,370				6,425
Deferred tax assets	113,821				50,146
Deferred tax liabilities:
Fixed assets	(82,400		)		(62,062		)
Intangible Assets	(6,225		)		—
Other	(8,006		)		—
Deferred tax liabilities	(96,631		)		(62,062		)
Subtotal	17,190				(11,916		)
Valuation allowance	(23,691		)		—
Net deferred tax asset	$	(6,501	)		$	(11,916	)

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of the total amounts of unrecognized tax benefits at December 31 were as follows (amounts in thousands):

	2012			2011			2010
Balance at January 1	—			—			—
Increases to tax positions taken during the current year	6,050			—			—
Increases to tax positions taken during the prior years	5,822			—			—
Balance at December 31	11,872			—			—

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the change in unrecognized tax benefits.

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