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ACQUISITIONS (Tables) (Titan Europe [Member]) | 9 Months Ended
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Sep. 30, 2013
Titan Europe [Member] |
Business Acquisition [Line Items] |
Schedule of Business Acquisitions, by Acquisitions [Table Text Block] | The purchase price allocation of the Titan Europe acquisition consisted of the following (amounts in thousands):
Cash | $ | 39,122 |
Accounts receivable | 128,585 |
Inventories | 178,407 |
Deferred income taxes - current asset | 22,068 |
Prepaid & other current assets | 21,745 |
Earthquake insurance receivable | 17,024 |
Property, plant & equipment | 217,309 |
Investment in Wheels India Limited | 36,804 |
Other assets | 8,414 |
Short term debt | (96,822 | )
Accounts payable | (142,752 | )
Other current liabilities | (56,391 | )
Long term debt | (158,183 | )
Deferred income taxes - noncurrent liability | (12,636 | )
Other noncurrent liabilities | (31,874 | )
Net assets acquired | $ | 170,820 |
Business Acquisition, Pro Forma Information [Table Text Block] | Pro forma financial information is as follows (in thousands, except per share data):
|  | Nine Months ended September 30, 2012
Net sales |  | $ | 1,876,691 |
Net income |  | 101,801 |
Net income attributable to Titan |  | 102,307 |
Basic earnings per share |  | $ | 2.11 |
Diluted earnings per share |  | 1.77 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
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