XML 46 R49.htm IDEA: XBRL DOCUMENT
v2.4.0.8

SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Tables) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2013 | Jun. 30, 2013
Condensed Financial Statements, Captions [Line Items] |  |
Condensed Financial Information, Condensed Statement of Operations [Table Text Block] |
(Amounts in thousands) | Consolidating Condensed Statements of Operations For the Three Months Ended June 30, 2013
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 323,482 |  |  | $ | 269,809 |  |  | $ | — |  |  | $ | 593,291 |
Cost of sales | 277 |  |  | 261,789 |  |  | 244,570 |  |  | — |  |  | 506,636 |
Gross profit (loss) | (277 | ) |  | 61,693 |  |  | 25,239 |  |  | — |  |  | 86,655 |
Selling, general and administrative expenses | 2,130 |  |  | 20,300 |  |  | 21,223 |  |  | — |  |  | 43,653 |
Research and development expenses | (28 | ) |  | 1,400 |  |  | 1,429 |  |  | — |  |  | 2,801 |
Royalty expense | — |  |  | 1,850 |  |  | 1,445 |  |  | — |  |  | 3,295 |
Income (loss) from operations | (2,379 | ) |  | 38,143 |  |  | 1,142 |  |  | — |  |  | 36,906 |
Interest expense | (10,833 | ) |  | — |  |  | (2,236 | ) |  | — |  |  | (13,069 | )
Gain on earthquake insurance recovery | — |  |  | — |  |  | 22,451 |  |  | — |  |  | 22,451 |
Intercompany interest income (expense) | 2,192 |  |  | — |  |  | (2,192 | ) |  | — |  |  | — |
Other income (expense) | 904 |  |  | 2 |  |  | (3,335 | ) |  | — |  |  | (2,429 | )
Income (loss) before income taxes | (10,116 | ) |  | 38,145 |  |  | 15,830 |  |  | — |  |  | 43,859 |
Provision for income taxes | 6,491 |  |  | 13,637 |  |  | 875 |  |  | — |  |  | 21,003 |
Equity in earnings of subsidiaries | 39,463 |  |  | — |  |  | 14,892 |  |  | (54,355 | ) |  | — |
Net income (loss) | 22,856 |  |  | 24,508 |  |  | 29,847 |  |  | (54,355 | ) |  | 22,856 |
Net loss noncontrolling interests | — |  |  | — |  |  | (361 | ) |  | — |  |  | (361 | )
Net income (loss) attributable to Titan | $ | 22,856 |  |  | $ | 24,508 |  |  | $ | 30,208 |  |  | $ | (54,355 | ) |  | $ | 23,217 |
(Amounts in thousands) | Consolidating Condensed Statements of Operations For the Three Months Ended June 30, 2012
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 373,035 |  |  | $ | 86,198 |  |  | $ | — |  |  | $ | 459,233 |
Cost of sales | 257 |  |  | 297,636 |  |  | 79,254 |  |  | — |  |  | 377,147 |
Gross profit (loss) | (257 | ) |  | 75,399 |  |  | 6,944 |  |  | — |  |  | 82,086 |
Selling, general and administrative expenses | 3,396 |  |  | 15,062 |  |  | 4,952 |  |  | — |  |  | 23,410 |
Research and development expenses | 48 |  |  | 1,081 |  |  | 60 |  |  | — |  |  | 1,189 |
Royalty expense | — |  |  | 1,779 |  |  | 873 |  |  | — |  |  | 2,652 |
Supply agreement termination income | — |  |  | — |  |  | (26,134 | ) |  | — |  |  | (26,134 | )
Income (loss) from operations | (3,701 | ) |  | 57,477 |  |  | 27,193 |  |  | — |  |  | 80,969 |
Interest expense | (6,045 | ) |  | — |  |  | (172 | ) |  | — |  |  | (6,217 | )
Other income | 283 |  |  | 313 |  |  | 17 |  |  | — |  |  | 613 |
Income (loss) before income taxes | (9,463 | ) |  | 57,790 |  |  | 27,038 |  |  | — |  |  | 75,365 |
Provision for income taxes | 1,884 |  |  | 18,872 |  |  | 10,284 |  |  | — |  |  | 31,040 |
Equity in earnings of subsidiaries | 55,672 |  |  | — |  |  | 18,822 |  |  | (74,494 | ) |  | — |
Net income (loss) | 44,325 |  |  | 38,918 |  |  | 35,576 |  |  | (74,494 | ) |  | 44,325 |
Net income noncontrolling interests | — |  |  | — |  |  | 269 |  |  | — |  |  | 269 |
Net income (loss) attributable to Titan | $ | 44,325 |  |  | $ | 38,918 |  |  | $ | 35,307 |  |  | $ | (74,494 | ) |  | $ | 44,056 |
(Amounts in thousands) | Consolidating Condensed Statements of Operations For the Six Months Ended June 30, 2013
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 647,376 |  |  | $ | 524,302 |  |  | $ | — |  |  | $ | 1,171,678 |
Cost of sales | 667 |  |  | 518,015 |  |  | 469,590 |  |  | — |  |  | 988,272 |
Gross profit (loss) | (667 | ) |  | 129,361 |  |  | 54,712 |  |  | — |  |  | 183,406 |
Selling, general and administrative expenses | 4,447 |  |  | 38,124 |  |  | 43,525 |  |  | — |  |  | 86,096 |
Research and development expenses | (18 | ) |  | 2,713 |  |  | 2,808 |  |  | — |  |  | 5,503 |
Royalty expense | — |  |  | 3,628 |  |  | 3,390 |  |  | — |  |  | 7,018 |
Income (loss) from operations | (5,096 | ) |  | 84,896 |  |  | 4,989 |  |  | — |  |  | 84,789 |
Interest expense | (18,564 | ) |  | — |  |  | (4,946 | ) |  | — |  |  | (23,510 | )
Convertible debt conversion charge | (7,273 | ) |  | — |  |  | — |  |  | — |  |  | (7,273 | )
Gain on earthquake insurance recovery | — |  |  | — |  |  | 22,451 |  |  | — |  |  | 22,451 |
Intercompany interest income (expense) | 2,689 |  |  | — |  |  | (2,689 | ) |  | — |  |  | — |
Other income (expense) | 1,548 |  |  | 26 |  |  | (2,584 | ) |  | — |  |  | (1,010 | )
Income (loss) before income taxes | (26,696 | ) |  | 84,922 |  |  | 17,221 |  |  | — |  |  | 75,447 |
Provision (benefit) for income taxes | (1,844 | ) |  | 30,590 |  |  | 4,456 |  |  | — |  |  | 33,202 |
Equity in earnings of subsidiaries | 67,097 |  |  | — |  |  | 33,524 |  |  | (100,621 | ) |  | — |
Net income (loss) | 42,245 |  |  | 54,332 |  |  | 46,289 |  |  | (100,621 | ) |  | 42,245 |
Net loss noncontrolling interests | — |  |  | — |  |  | (447 | ) |  | — |  |  | (447 | )
Net income (loss) attributable to Titan | $ | 42,245 |  |  | $ | 54,332 |  |  | $ | 46,736 |  |  | $ | (100,621 | ) |  | $ | 42,692 |
(Amounts in thousands) | Consolidating Condensed Statements of Operations For the Six Months Ended June 30, 2012
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 744,164 |  |  | $ | 178,157 |  |  | $ | — |  |  | $ | 922,321 |
Cost of sales | 559 |  |  | 582,660 |  |  | 163,653 |  |  | — |  |  | 746,872 |
Gross profit (loss) | (559 | ) |  | 161,504 |  |  | 14,504 |  |  | — |  |  | 175,449 |
Selling, general and administrative expenses | 13,983 |  |  | 30,737 |  |  | 9,525 |  |  | — |  |  | 54,245 |
Research and development expenses | 172 |  |  | 2,379 |  |  | 146 |  |  | — |  |  | 2,697 |
Royalty expense | — |  |  | 3,472 |  |  | 1,529 |  |  | — |  |  | 5,001 |
Supply agreement termination income | — |  |  | — |  |  | (26,134 | ) |  | — |  |  | (26,134 | )
Income (loss) from operations | (14,714 | ) |  | 124,916 |  |  | 29,438 |  |  | — |  |  | 139,640 |
Interest expense | (12,107 | ) |  | — |  |  | (405 | ) |  | — |  |  | (12,512 | )
Other income | 2,457 |  |  | 810 |  |  | 457 |  |  | — |  |  | 3,724 |
Income (loss) before income taxes | (24,364 | ) |  | 125,726 |  |  | 29,490 |  |  | — |  |  | 130,852 |
Provision (benefit) for income taxes | (5,068 | ) |  | 43,913 |  |  | 12,288 |  |  | — |  |  | 51,133 |
Equity in earnings of subsidiaries | 99,015 |  |  | — |  |  | 18,822 |  |  | (117,837 | ) |  | — |
Net income (loss) | 79,719 |  |  | 81,813 |  |  | 36,024 |  |  | (117,837 | ) |  | 79,719 |
Net income noncontrolling interests | — |  |  | — |  |  | 244 |  |  | — |  |  | 244 |
Net income (loss) attributable to Titan | $ | 79,719 |  |  | $ | 81,813 |  |  | $ | 35,780 |  |  | $ | (117,837 | ) |  | $ | 79,475 |
Condensed Financial Information, Condensed Statement of Comprehensive Income [Table Text Block] |  |
(Amounts in thousands) | Consolidating Condensed Statements of Comprehensive Income For the Three Months Ended June 30, 2013
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | 22,856 |  |  | $ | 24,508 |  |  | $ | 29,847 |  |  | $ | (54,355 | ) |  | $ | 22,856 |
Currency translation adjustment, net | (25,171 | ) |  | — |  |  | (25,171 | ) |  | 25,171 |  |  | (25,171 | )
Pension liability adjustments, net of tax | 1,070 |  |  | 781 |  |  | 289 |  |  | (1,070 | ) |  | 1,070 |
Comprehensive income (loss) | (1,245 | ) |  | 25,289 |  |  | 4,965 |  |  | (30,254 | ) |  | (1,245 | )
Net comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | (3,167 | ) |  | — |  |  | (3,167 | )
Comprehensive income (loss) attributable to Titan | $ | (1,245 | ) |  | $ | 25,289 |  |  | $ | 8,132 |  |  | $ | (30,254 | ) |  | $ | 1,922 |
(Amounts in thousands) | Consolidating Condensed Statements of Comprehensive Income For the Three Months Ended June 30, 2012
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | 44,325 |  |  | $ | 38,918 |  |  | $ | 35,576 |  |  | $ | (74,494 | ) |  | $ | 44,325 |
Unrealized gain (loss) on investments, net of tax | (5,580 | ) |  | — |  |  | (5,580 | ) |  | 5,580 |  |  | (5,580 | )
Currency translation adjustment, net | (8,136 | ) |  | — |  |  | (8,136 | ) |  | 8,136 |  |  | (8,136 | )
Pension liability adjustments, net of tax | 836 |  |  | 790 |  |  | 46 |  |  | (836 | ) |  | 836 |
Comprehensive income (loss) | 31,445 |  |  | 39,708 |  |  | 21,906 |  |  | (61,614 | ) |  | 31,445 |
Net comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | 269 |  |  | — |  |  | 269 |
Comprehensive income (loss) attributable to Titan | $ | 31,445 |  |  | $ | 39,708 |  |  | $ | 21,637 |  |  | $ | (61,614 | ) |  | $ | 31,176 |
(Amounts in thousands) | Consolidating Condensed Statements of Comprehensive Income For the Six Months Ended June 30, 2013
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | 42,245 |  |  | $ | 54,332 |  |  | $ | 46,289 |  |  | $ | (100,621 | ) |  | $ | 42,245 |
Unrealized gain (loss) on investments, net of tax | (3 | ) |  | — |  |  | (3 | ) |  | 3 |  |  | (3 | )
Currency translation adjustment, net | (25,367 | ) |  | — |  |  | (25,367 | ) |  | 25,367 |  |  | (25,367 | )
Pension liability adjustments, net of tax | 2,021 |  |  | 1,562 |  |  | 459 |  |  | (2,021 | ) |  | 2,021 |
Comprehensive income (loss) | 18,896 |  |  | 55,894 |  |  | 21,378 |  |  | (77,272 | ) |  | 18,896 |
Net comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | (3,158 | ) |  | — |  |  | (3,158 | )
Comprehensive income (loss) attributable to Titan | $ | 18,896 |  |  | $ | 55,894 |  |  | $ | 24,536 |  |  | $ | (77,272 | ) |  | $ | 22,054 |
(Amounts in thousands) | Consolidating Condensed Statements of Comprehensive Income For the Six Months Ended June 30, 2012
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | 79,719 |  |  | $ | 81,813 |  |  | $ | 36,024 |  |  | $ | (117,837 | ) |  | $ | 79,719 |
Unrealized gain (loss) on investments, net of tax | 337 |  |  | — |  |  | 337 |  |  | (337 | ) |  | 337 |
Currency translation adjustment, net | (4,569 | ) |  | — |  |  | (4,569 | ) |  | 4,569 |  |  | (4,569 | )
Pension liability adjustments, net of tax | 1,672 |  |  | 1,580 |  |  | 92 |  |  | (1,672 | ) |  | 1,672 |
Comprehensive income (loss) | 77,159 |  |  | 83,393 |  |  | 31,884 |  |  | (115,277 | ) |  | 77,159 |
Net comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | 244 |  |  | — |  |  | 244 |
Comprehensive income (loss) attributable to Titan | $ | 77,159 |  |  | $ | 83,393 |  |  | $ | 31,640 |  |  | $ | (115,277 | ) |  | $ | 76,915 |
Condensed Financial Information, Condensed Balance Sheet [Table Text Block] |
(Amounts in thousands) | Consolidating Condensed Balance Sheets June 30, 2013
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 326,016 |  |  | $ | 4 |  |  | $ | 98,367 |  |  | $ | — |  |  | $ | 424,387 |
Accounts receivable | — |  |  | 156,728 |  |  | 179,126 |  |  | — |  |  | 335,854 |
Inventories | — |  |  | 137,006 |  |  | 231,957 |  |  | — |  |  | 368,963 |
Prepaid and other current assets | 59,138 |  |  | 6,643 |  |  | 51,984 |  |  | — |  |  | 117,765 |
Total current assets | 385,154 |  |  | 300,381 |  |  | 561,434 |  |  | — |  |  | 1,246,969 |
Property, plant and equipment, net | 14,119 |  |  | 207,152 |  |  | 332,883 |  |  | — |  |  | 554,154 |
Investment in subsidiaries | 607,585 |  |  | — |  |  | 128,373 |  |  | (735,958 | ) |  | — |
Other assets | 36,962 |  |  | 422 |  |  | 106,040 |  |  | — |  |  | 143,424 |
Total assets | $ | 1,043,820 |  |  | $ | 507,955 |  |  | $ | 1,128,730 |  |  | $ | (735,958 | ) |  | $ | 1,944,547 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term debt | $ | 4,058 |  |  | $ | — |  |  | $ | 101,052 |  |  | $ | — |  |  | $ | 105,110 |
Accounts payable | 843 |  |  | 22,859 |  |  | 188,176 |  |  | — |  |  | 211,878 |
Other current liabilities | 19,376 |  |  | 57,481 |  |  | 57,315 |  |  | — |  |  | 134,172 |
Total current liabilities | 24,277 |  |  | 80,340 |  |  | 346,543 |  |  | — |  |  | 451,160 |
Long-term debt | 600,214 |  |  | — |  |  | 38,632 |  |  | — |  |  | 638,846 |
Other long-term liabilities | 42,526 |  |  | 32,813 |  |  | 78,484 |  |  | — |  |  | 153,823 |
Intercompany accounts | (301,161 | ) |  | (80,728 | ) |  | 381,889 |  |  | — |  |  | — |
Titan stockholders' equity | 677,964 |  |  | 475,530 |  |  | 260,428 |  |  | (735,958 | ) |  | 677,964 |
Noncontrolling interests | — |  |  | — |  |  | 22,754 |  |  | — |  |  | 22,754 |
Total liabilities and stockholders’ equity | $ | 1,043,820 |  |  | $ | 507,955 |  |  | $ | 1,128,730 |  |  | $ | (735,958 | ) |  | $ | 1,944,547 |
(Amounts in thousands) | Consolidating Condensed Balance Sheets December 31, 2012
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 103,154 |  |  | $ | 4 |  |  | $ | 85,956 |  |  | $ | — |  |  | $ | 189,114 |
Accounts receivable | (72 | ) |  | 128,917 |  |  | 168,953 |  |  | — |  |  | 297,798 |
Inventories | — |  |  | 142,070 |  |  | 224,315 |  |  | — |  |  | 366,385 |
Prepaid and other current assets | 49,438 |  |  | 17,021 |  |  | 76,367 |  |  | — |  |  | 142,826 |
Total current assets | 152,520 |  |  | 288,012 |  |  | 555,591 |  |  | — |  |  | 996,123 |
Property, plant and equipment, net | 11,497 |  |  | 208,734 |  |  | 348,113 |  |  | — |  |  | 568,344 |
Investment in subsidiaries | 565,811 |  |  | — |  |  | 86,189 |  |  | (652,000 | ) |  | — |
Other assets | 35,564 |  |  | 499 |  |  | 109,705 |  |  | — |  |  | 145,768 |
Total assets | $ | 765,392 |  |  | $ | 497,245 |  |  | $ | 1,099,598 |  |  | $ | (652,000 | ) |  | $ | 1,710,235 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term debt | $ | — |  |  | $ | — |  |  | $ | 145,801 |  |  | $ | — |  |  | $ | 145,801 |
Accounts payable | 1,000 |  |  | 21,222 |  |  | 157,843 |  |  | — |  |  | 180,065 |
Other current liabilities | 13,911 |  |  | 55,290 |  |  | 72,013 |  |  | — |  |  | 141,214 |
Total current liabilities | 14,911 |  |  | 76,512 |  |  | 375,657 |  |  | — |  |  | 467,080 |
Long-term debt | 312,881 |  |  | — |  |  | 128,557 |  |  | — |  |  | 441,438 |
Other long-term liabilities | 44,512 |  |  | 35,482 |  |  | 89,361 |  |  | — |  |  | 169,355 |
Intercompany accounts | (213,529 | ) |  | (34,272 | ) |  | 247,801 |  |  | — |  |  | — |
Titan stockholders' equity | 606,617 |  |  | 419,523 |  |  | 232,477 |  |  | (652,000 | ) |  | 606,617 |
Noncontrolling interests | — |  |  | — |  |  | 25,745 |  |  | — |  |  | 25,745 |
Total liabilities and stockholders’ equity | $ | 765,392 |  |  | $ | 497,245 |  |  | $ | 1,099,598 |  |  | $ | (652,000 | ) |  | $ | 1,710,235 |
Condensed Financial Information, Condensed Statement of Cash Flows [Table Text Block] |
(Amounts in thousands) | Consolidating Condensed Statements of Cash Flows For the Six Months Ended June 30, 2013
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated
Net cash provided by (used for) operating activities | $ | (100,008 | ) |  | $ | 15,562 |  |  | $ | 171,056 |  |  | $ | 86,610 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | (3,189 | ) |  | (15,564 | ) |  | (17,315 | ) |  | (36,068 | )
Acquisitions, net of cash acquired | — |  |  | — |  |  | (1,671 | ) |  | (1,671 | )
Additional equity investment in Wheels India | — |  |  | — |  |  | (8,017 | ) |  | (8,017 | )
Insurance proceeds | — |  |  | — |  |  | 2,879 |  |  | 2,879 |
Other, net | — |  |  | 2 |  |  | 177 |  |  | 179 |
Net cash used for investing activities | (3,189 | ) |  | (15,562 | ) |  | (23,947 | ) |  | (42,698 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings | 345,313 |  |  | — |  |  | — |  |  | 345,313 |
Payment on debt | — |  |  | — |  |  | (155,082 | ) |  | (155,082 | )
Term loan borrowing | — |  |  | — |  |  | 25,157 |  |  | 25,157 |
Convertible note conversion | (14,090 | ) |  | — |  |  | — |  |  | (14,090 | )
Proceeds from exercise of stock options | 841 |  |  | — |  |  | — |  |  | 841 |
Excess tax benefit from stock options exercised | (42 | ) |  | — |  |  | — |  |  | (42 | )
Payment of financing fees | (5,452 | ) |  | — |  |  | — |  |  | (5,452 | )
Dividends paid | (511 | ) |  | — |  |  | — |  |  | (511 | )
Net cash provided by (used for) financing activities | 326,059 |  |  | — |  |  | (129,925 | ) |  | 196,134 |
Effect of exchange rate change on cash | — |  |  | — |  |  | (4,773 | ) |  | (4,773 | )
Net increase in cash and cash equivalents | 222,862 |  |  | — |  |  | 12,411 |  |  | 235,273 |
Cash and cash equivalents, beginning of period | 103,154 |  |  | 4 |  |  | 85,956 |  |  | 189,114 |
Cash and cash equivalents, end of period | $ | 326,016 |  |  | $ | 4 |  |  | $ | 98,367 |  |  | $ | 424,387 |
(Amounts in thousands) | Consolidating Condensed Statements of Cash Flows For the Six Months Ended June 30, 2012
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated
Net cash provided by operating activities | $ | 15,859 |  |  | $ | 12,406 |  |  | $ | 20,418 |  |  | $ | 48,683 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | (1,338 | ) |  | (12,595 | ) |  | (5,073 | ) |  | (19,006 | )
Other, net | — |  |  | 189 |  |  | 264 |  |  | 453 |
Net cash used for investing activities | (1,338 | ) |  | (12,406 | ) |  | (4,809 | ) |  | (18,553 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Payment on debt | — |  |  | — |  |  | (14,226 | ) |  | (14,226 | )
Term loan borrowing | — |  |  | — |  |  | 4,378 |  |  | 4,378 |
Proceeds from exercise of stock options | 887 |  |  | — |  |  | — |  |  | 887 |
Excess tax benefit from stock options exercised | 190 |  |  | — |  |  | — |  |  | 190 |
Dividends paid | (423 | ) |  | — |  |  | — |  |  | (423 | )
Net cash provided by (used for) financing activities | 654 |  |  | — |  |  | (9,848 | ) |  | (9,194 | )
Effect of exchange rate change on cash | — |  |  | — |  |  | (656 | ) |  | (656 | )
Net increase in cash and cash equivalents | 15,175 |  |  | — |  |  | 5,105 |  |  | 20,280 |
Cash and cash equivalents, beginning of period | 125,266 |  |  | 4 |  |  | 3,900 |  |  | 129,170 |
Cash and cash equivalents, end of period | $ | 140,441 |  |  | $ | 4 |  |  | $ | 9,005 |  |  | $ | 149,450 |

X
- Definition Condensed Financial Information, Condensed Balance Sheet [Table Text Block] + References No definition available. + Details
Name: | twi_CondensedFinancialInformationCondensedBalanceSheetTableTextBlock
Namespace Prefix: | twi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Condensed Financial Information, Condensed Statement of Cash Flows [Table Text Block] + References No definition available. + Details
Name: | twi_CondensedFinancialInformationCondensedStatementOfCashFlowsTableTextBlock
Namespace Prefix: | twi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Condensed Financial Information, Condensed Statement of Comprehensive Income [Table Text Block] + References No definition available. + Details
Name: | twi_CondensedFinancialInformationCondensedStatementOfComprehensiveIncomeTableTextBlock
Namespace Prefix: | twi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Condensed Financial Information, Condensed Statement of Operations [Table Text Block] + References No definition available. + Details
Name: | twi_CondensedFinancialInformationCondensedStatementOfOperationsTableTextBlock
Namespace Prefix: | twi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_CondensedFinancialStatementsCaptionsLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration