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ACQUISITIONS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013 | Dec. 31, 2011
Voltyre-Prom [Member] |  |
Business Acquisition [Line Items] |  |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | The purchase price allocation of the Voltyre-Prom acquisition consisted of the following (in thousands):
Cash | $ | 80 |
Accounts receivable | 5,596 |
Inventories | 3,807 |
Deferred income taxes - current asset | 253 |
Prepaid & other current assets | 1,881 |
Goodwill | 21,002 |
Property, plant & equipment | 79,255 |
Other assets | 17,615 |
Accounts payable | (715 | )
Other current liabilities | (4,152 | )
Deferred income taxes - noncurrent liability | (15,989 | )
Noncontrolling interests | (14,542 | )
Net assets acquired | $ | 94,091 |
Titan Europe [Member] |  |
Business Acquisition [Line Items] |  |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | The purchase price allocation of the Titan Europe acquisition consisted of the following (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 |
Goodyear's Latin American Farm Tire Business [Member] |  |
Business Acquisition [Line Items] |  |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] |  | The purchase price allocation of the Latin American farm tire business consisted of the following (in thousands):
Cash | $ | 1,018 |
Inventories | 14,562 |
Deferred income taxes - current asset | 2,948 |
Prepaid & other current assets | 4,929 |
Property, plant & equipment | 108,905 |
Goodwill | 14,484 |
Other assets | 39,263 |
Other current liabilities | (21,127 | )
Deferred income taxes - noncurrent liability | (25,521 | )
Other noncurrent liabilities | (40,823 | )
Net assets acquired | $ | 98,638 |
Business Acquisition, Pro Forma Information [Table Text Block] | Pro forma financial information is as follows (in thousands, except per share data):
| 2012 | 2011
Net sales | $ | 2,423,724 |  | $ | 2,295,791 |
Net income | 86,906 |  | 92,278 |
Net income attributable to Titan | 88,499 |  | 92,294 |
Basic earnings per share | $ | 1.78 |  | $ | 1.93 |
Diluted earnings per share | 1.53 |  | 1.63 |

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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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