XML 46 R65.htm IDEA: XBRL DOCUMENT v2.4.0.6
SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Details) (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Dec. 31, 2012
Dec. 31, 2011
Mar. 31, 2011
Dec. 31, 2010
Income Statement [Abstract]            
Net sales $ 578,387 $ 463,088        
Cost of Goods Sold 481,636 369,725        
Gross Profit 96,751 93,363        
Selling, General and Administrative Expense 42,443 30,835        
Research and Development Expense 2,702 1,508        
Royalty Expense 3,723 2,349        
Operating Income (Loss) 47,883 58,671        
Interest expense (10,441) (6,295)        
Induced Conversion of Convertible Debt Expense (7,273) 0        
Interest Expense, Related Party 0          
Other income 1,419 3,111        
Income (loss) before income taxes 31,588 55,487        
Income Tax Expense (Benefit) 12,199 20,093        
Income (Loss) from Equity Method Investments 0 0        
Net income (loss) 19,389 35,394        
Net loss attributable to noncontrolling interests (86) (25)        
Net income attributable to Titan 19,475 35,419        
Comprehensive Income Statement [Abstract]            
Net income (loss) 19,389 35,394        
Unrealized gain (loss) on investments, net of tax (3) 5,917        
Currency translation adjustment, net 504 3,567        
Pension liability adjustments, net of tax 951 836        
Comprehensive Income (Loss) 20,841 45,714        
Net loss attributable to noncontrolling interests (86) (25)        
Comprehensive income (loss) attributable to Titan 20,927 45,739        
Statement of Financial Position [Abstract]            
Cash and Cash Equivalents, at Carrying Value 508,447 129,308 189,114 129,170 129,308 129,170
Accounts Receivable, Net, Current 329,368   297,798      
Inventory, Net 378,367   366,385      
Prepaid Expense, Deffered Income Taxes and Other Assets, Current 107,075   125,698      
Assets, Current 1,323,257   978,995      
Property, Plant and Equipment, Net 566,549   568,344      
Equity Method Investments 0   0      
Other Assets, Goodwill, Deferred Income Tax Asset, Noncurrent 164,543   145,768      
Assets 2,054,349   1,693,107      
Short-term debt 230,658   145,801      
Accounts Payable, Current 210,585   180,065      
Other current liabilities 128,904   135,835      
Liabilities, Current 570,147   461,701      
Long-term debt 634,171   441,438      
Liabilities, Other than Long-term Debt, Noncurrent 161,115   169,355      
Due to Related Parties 0   0      
Stockholders' Equity Attributable to Parent 662,843   594,454      
Stockholders' Equity Attributable to Noncontrolling Interest 26,073   26,159      
Liabilities and Equity 2,054,349   1,693,107      
Statement of Cash Flows [Abstract]            
Net Cash Provided by (Used in) Operating Activities 21,280 20,648        
Capital expenditures (21,174) (8,155)        
Payments for (Proceeds from) Other Investing Activities (219) 108        
Net Cash Provided by (Used in) Investing Activities (21,393) (8,047)        
Proceeds from borrowings 345,313 0        
Repayments of Other Debt (18,059) (12,444)        
Term loan borrowing 10,818 0        
Debt Conversion, Converted Instrument, Amount (14,090) 0        
Proceeds from Stock Options Exercised 739 370        
Excess Tax Benefit from Share-based Compensation, Financing Activities (29) 6        
Payments of Financing Costs (5,064) 0        
Payments of Dividends, Common Stock (243) (211)        
Net Cash Provided by (Used in) Financing Activities 319,385 (12,279)        
Effect of Exchange Rate on Cash and Cash Equivalents 61 (184)        
Cash and Cash Equivalents, Period Increase (Decrease) 319,333 138        
Cash and Cash Equivalents, at Carrying Value 508,447 129,308 189,114 129,170 129,308 129,170
Parent [Member]
            
Income Statement [Abstract]            
Net sales 0 0        
Cost of Goods Sold 390 302        
Gross Profit (390) (302)        
Selling, General and Administrative Expense 2,317 10,587        
Research and Development Expense 10 124        
Royalty Expense 0 0        
Operating Income (Loss) (2,717) (11,013)        
Interest expense (7,731) (6,062)        
Induced Conversion of Convertible Debt Expense (7,273)          
Interest Expense, Related Party 497          
Other income 644 2,174        
Income (loss) before income taxes (16,580) (14,901)        
Income Tax Expense (Benefit) (8,335) (6,952)        
Income (Loss) from Equity Method Investments 27,634 43,343        
Net income (loss) 19,389 35,394        
Net loss attributable to noncontrolling interests 0 0        
Net income attributable to Titan 19,389 35,394        
Comprehensive Income Statement [Abstract]            
Net income (loss) 19,389 35,394        
Unrealized gain (loss) on investments, net of tax (3) 5,917        
Currency translation adjustment, net 504 3,567        
Pension liability adjustments, net of tax 951 836        
Comprehensive Income (Loss) 20,841 45,714        
Net loss attributable to noncontrolling interests 0 0        
Comprehensive income (loss) attributable to Titan 20,841 45,714        
Statement of Financial Position [Abstract]            
Cash and Cash Equivalents, at Carrying Value 423,372   103,154   116,518 125,266
Accounts Receivable, Net, Current 0   (72)      
Inventory, Net 0   0      
Prepaid Expense, Deffered Income Taxes and Other Assets, Current 60,721   49,438      
Assets, Current 484,093   152,520      
Property, Plant and Equipment, Net 13,170   11,497      
Equity Method Investments 556,750   527,489      
Other Assets, Goodwill, Deferred Income Tax Asset, Noncurrent 38,540   35,564      
Assets 1,092,553   727,070      
Short-term debt 3,995   0      
Accounts Payable, Current 647   1,000      
Other current liabilities 9,065   13,911      
Liabilities, Current 13,707   14,911      
Long-term debt 601,261   312,881      
Liabilities, Other than Long-term Debt, Noncurrent 44,817   44,512      
Due to Related Parties (230,075)   (239,688)      
Stockholders' Equity Attributable to Parent 662,843   594,454      
Stockholders' Equity Attributable to Noncontrolling Interest 0   0      
Liabilities and Equity 1,092,553   727,070      
Statement of Cash Flows [Abstract]            
Net Cash Provided by (Used in) Operating Activities (4,453) (7,535)        
Capital expenditures (1,955) (1,378)        
Payments for (Proceeds from) Other Investing Activities 0 0        
Net Cash Provided by (Used in) Investing Activities (1,955) (1,378)        
Proceeds from borrowings (345,313)          
Repayments of Other Debt 0 0        
Term loan borrowing 0          
Debt Conversion, Converted Instrument, Amount 14,090          
Proceeds from Stock Options Exercised 739 370        
Excess Tax Benefit from Share-based Compensation, Financing Activities (29) 6        
Payments of Financing Costs 5,064          
Payments of Dividends, Common Stock (243) (211)        
Net Cash Provided by (Used in) Financing Activities 326,626 165        
Effect of Exchange Rate on Cash and Cash Equivalents 0 0        
Cash and Cash Equivalents, Period Increase (Decrease) 320,218 (8,748)        
Cash and Cash Equivalents, at Carrying Value 423,372   103,154   116,518 125,266
Guarantor Subsidiaries [Member]
            
Income Statement [Abstract]            
Net sales 323,894 366,181        
Cost of Goods Sold 256,226 280,031        
Gross Profit 67,668 86,150        
Selling, General and Administrative Expense 17,824 15,157        
Research and Development Expense 1,313 1,232        
Royalty Expense 1,778 1,693        
Operating Income (Loss) 46,753 68,068        
Interest expense 0 0        
Induced Conversion of Convertible Debt Expense 0          
Interest Expense, Related Party 0          
Other income 24 314        
Income (loss) before income taxes 46,777 68,382        
Income Tax Expense (Benefit) 16,953 25,114        
Income (Loss) from Equity Method Investments 0 0        
Net income (loss) 29,824 43,268        
Net loss attributable to noncontrolling interests 0 0        
Net income attributable to Titan 29,824 43,268        
Comprehensive Income Statement [Abstract]            
Net income (loss) 29,824 43,268        
Unrealized gain (loss) on investments, net of tax 0 0        
Currency translation adjustment, net 0 0        
Pension liability adjustments, net of tax 781 790        
Comprehensive Income (Loss) 30,605 44,058        
Net loss attributable to noncontrolling interests 0 0        
Comprehensive income (loss) attributable to Titan 30,605 44,058        
Statement of Financial Position [Abstract]            
Cash and Cash Equivalents, at Carrying Value 4   4   4 4
Accounts Receivable, Net, Current 160,779   128,917      
Inventory, Net 148,590   142,070      
Prepaid Expense, Deffered Income Taxes and Other Assets, Current 2,762   17,021      
Assets, Current 312,135   288,012      
Property, Plant and Equipment, Net 209,264   208,734      
Equity Method Investments 0   0      
Other Assets, Goodwill, Deferred Income Tax Asset, Noncurrent 1,834   499      
Assets 523,233   497,245      
Short-term debt 0   0      
Accounts Payable, Current 25,672   21,222      
Other current liabilities 53,279   55,290      
Liabilities, Current 78,951   76,512      
Long-term debt 0   0      
Liabilities, Other than Long-term Debt, Noncurrent 34,512   35,482      
Due to Related Parties (40,526)   (34,272)      
Stockholders' Equity Attributable to Parent 450,296   419,523      
Stockholders' Equity Attributable to Noncontrolling Interest 0   0      
Liabilities and Equity 523,233   497,245      
Statement of Cash Flows [Abstract]            
Net Cash Provided by (Used in) Operating Activities 9,099 6,025        
Capital expenditures (9,099) (6,046)        
Payments for (Proceeds from) Other Investing Activities 0 21        
Net Cash Provided by (Used in) Investing Activities (9,099) (6,025)        
Proceeds from borrowings 0          
Repayments of Other Debt 0 0        
Term loan borrowing 0          
Debt Conversion, Converted Instrument, Amount 0          
Proceeds from Stock Options Exercised 0 0        
Excess Tax Benefit from Share-based Compensation, Financing Activities 0 0        
Payments of Financing Costs 0          
Payments of Dividends, Common Stock 0 0        
Net Cash Provided by (Used in) Financing Activities 0 0        
Effect of Exchange Rate on Cash and Cash Equivalents 0 0        
Cash and Cash Equivalents, Period Increase (Decrease) 0 0        
Cash and Cash Equivalents, at Carrying Value 4   4   4 4
Non-Guarantor Subsidiaries [Member]
            
Income Statement [Abstract]            
Net sales 254,493 96,907        
Cost of Goods Sold 225,020 89,392        
Gross Profit 29,473 7,515        
Selling, General and Administrative Expense 22,302 5,091        
Research and Development Expense 1,379 152        
Royalty Expense 1,945 656        
Operating Income (Loss) 3,847 1,616        
Interest expense (2,710) (233)        
Induced Conversion of Convertible Debt Expense 0          
Interest Expense, Related Party (497)          
Other income 751 623        
Income (loss) before income taxes 1,391 2,006        
Income Tax Expense (Benefit) 3,581 1,931        
Income (Loss) from Equity Method Investments 18,632 32,552        
Net income (loss) 16,442 32,627        
Net loss attributable to noncontrolling interests 0 0        
Net income attributable to Titan 16,442 32,627        
Comprehensive Income Statement [Abstract]            
Net income (loss) 16,442 32,627        
Unrealized gain (loss) on investments, net of tax (3) 5,917        
Currency translation adjustment, net (504) 3,567        
Pension liability adjustments, net of tax 170 46        
Comprehensive Income (Loss) 16,105 42,157        
Net loss attributable to noncontrolling interests 0 0        
Comprehensive income (loss) attributable to Titan 16,105 42,157        
Statement of Financial Position [Abstract]            
Cash and Cash Equivalents, at Carrying Value 85,071   85,956   12,786 3,900
Accounts Receivable, Net, Current 168,589   168,953      
Inventory, Net 229,777   224,315      
Prepaid Expense, Deffered Income Taxes and Other Assets, Current 43,592   59,239      
Assets, Current 527,029   538,463      
Property, Plant and Equipment, Net 344,115   348,113      
Equity Method Investments 105,859   86,189      
Other Assets, Goodwill, Deferred Income Tax Asset, Noncurrent 124,169   109,705      
Assets 1,101,172   1,082,470      
Short-term debt 226,663   145,801      
Accounts Payable, Current 184,266   157,843      
Other current liabilities 66,560   66,634      
Liabilities, Current 477,489   370,278      
Long-term debt 32,910   128,557      
Liabilities, Other than Long-term Debt, Noncurrent 81,786   89,361      
Due to Related Parties 270,601   273,960      
Stockholders' Equity Attributable to Parent 238,386   220,314      
Stockholders' Equity Attributable to Noncontrolling Interest 0   0      
Liabilities and Equity 1,101,172   1,082,470      
Statement of Cash Flows [Abstract]            
Net Cash Provided by (Used in) Operating Activities 16,634 22,158        
Capital expenditures (10,120) (731)        
Payments for (Proceeds from) Other Investing Activities (219) 87        
Net Cash Provided by (Used in) Investing Activities (10,339) (644)        
Proceeds from borrowings 0          
Repayments of Other Debt (18,059) (12,444)        
Term loan borrowing 10,818          
Debt Conversion, Converted Instrument, Amount 0          
Proceeds from Stock Options Exercised 0 0        
Excess Tax Benefit from Share-based Compensation, Financing Activities 0 0        
Payments of Financing Costs 0          
Payments of Dividends, Common Stock 0 0        
Net Cash Provided by (Used in) Financing Activities (7,241) (12,444)        
Effect of Exchange Rate on Cash and Cash Equivalents 61 (184)        
Cash and Cash Equivalents, Period Increase (Decrease) (885) 8,886        
Cash and Cash Equivalents, at Carrying Value 85,071   85,956   12,786 3,900
Consolidation, Eliminations [Member]
            
Income Statement [Abstract]            
Net sales 0 0        
Cost of Goods Sold 0 0        
Gross Profit 0 0        
Selling, General and Administrative Expense 0 0        
Research and Development Expense 0 0        
Royalty Expense 0 0        
Operating Income (Loss) 0 0        
Interest expense 0 0        
Induced Conversion of Convertible Debt Expense 0          
Interest Expense, Related Party 0          
Other income 0 0        
Income (loss) before income taxes 0 0        
Income Tax Expense (Benefit) 0 0        
Income (Loss) from Equity Method Investments (46,266) (75,895)        
Net income (loss) (46,266) (75,895)        
Net loss attributable to noncontrolling interests (86) (25)        
Net income attributable to Titan (46,180) (75,870)        
Comprehensive Income Statement [Abstract]            
Net income (loss) (46,266) (75,895)        
Unrealized gain (loss) on investments, net of tax 3 (5,917)        
Currency translation adjustment, net 504 (3,567)        
Pension liability adjustments, net of tax (951) (836)        
Comprehensive Income (Loss) (46,710) (86,215)        
Net loss attributable to noncontrolling interests (86) (25)        
Comprehensive income (loss) attributable to Titan (46,624) (86,190)        
Statement of Financial Position [Abstract]            
Cash and Cash Equivalents, at Carrying Value 0   0      
Accounts Receivable, Net, Current 0   0      
Inventory, Net 0   0      
Prepaid Expense, Deffered Income Taxes and Other Assets, Current 0   0      
Assets, Current 0   0      
Property, Plant and Equipment, Net 0   0      
Equity Method Investments (662,609)   (613,678)      
Other Assets, Goodwill, Deferred Income Tax Asset, Noncurrent 0   0      
Assets (662,609)   (613,678)      
Short-term debt 0   0      
Accounts Payable, Current 0   0      
Other current liabilities 0   0      
Liabilities, Current 0   0      
Long-term debt 0   0      
Liabilities, Other than Long-term Debt, Noncurrent 0   0      
Due to Related Parties 0   0      
Stockholders' Equity Attributable to Parent (688,682)   (639,837)      
Stockholders' Equity Attributable to Noncontrolling Interest 26,073   26,159      
Liabilities and Equity (662,609)   (613,678)      
Statement of Cash Flows [Abstract]            
Cash and Cash Equivalents, at Carrying Value $ 0   $ 0