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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Net sales $ 497,510 $ 404,719 $ 1,669,188 $ 1,327,040
Cost of sales 435,004 337,558 1,423,276 1,084,430
Gross profit 62,506 67,161 245,912 242,610
Selling, general & administrative expenses 38,731 25,497 124,827 79,742
Research and development expenses 2,778 1,759 8,281 4,456
Royalty expense 3,942 3,739 10,960 8,740
Supply agreement termination income 0 0 0 (26,134)
Income from operations 17,055 36,166 101,844 175,806
Interest expense (12,414) (6,187) (35,924) (18,699)
Convertible debt conversion charge 0 0 (7,273) 0
Gain on earthquake insurance recovery 0 0 22,451 0
Other income 8,722 2,439 7,712 6,163
Income before income taxes 13,363 32,418 88,810 163,270
Provision for income taxes 5,711 13,589 38,913 64,722
Net income 7,652 18,829 49,897 98,548
Net loss attributable to noncontrolling interests (441) (750) (888) (506)
Net income attributable to Titan $ 8,093 $ 19,579 $ 50,785 $ 99,054
Earnings per common share:        
Basic (in dollars per share) $ 0.15 $ 0.46 $ 0.96 $ 2.35
Diluted (in dollars per share) $ 0.15 $ 0.39 $ 0.89 $ 1.92
Average common shares outstanding:        
Basic (in shares) 53,440 42,180 52,900 42,148
Diluted (in shares) 59,391 53,326 59,444 53,315
Dividends declared per common share: $ 0.005 $ 0.005 $ 0.015 $ 0.015