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SUPPLEMENTARY DATA - QUARTERLY FINANCIAL INFORMATION (UNAUDITED) | 12 Months Ended
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Dec. 31, 2013
SUPPLEMENTARY DATA – QUARTERLY FINANCIAL INFORMATION (UNAUDITED) [Abstract] |
SUPPLEMENTARY DATA – QUARTERLY FINANCIAL INFORMATION (UNAUDITED) | SUPPLEMENTARY DATA – QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (All amounts in thousands, except per share data)
Quarter ended |  | March 31 |  | June 30 |  | September 30 |  | December 31 |  |  | Year ended December 31 |
2013 |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 578,387 |  |  | $ | 593,291 |  |  | $ | 497,510 |  |  | $ | 494,407 |  |  |  | $ | 2,163,595 |  |
Gross profit |  | 96,751 |  |  | 86,655 |  |  | 62,506 |  |  | 49,278 |  |  |  | 295,190 |  |
Titan net income (loss) |  | 19,475 |  | (a) | 23,217 |  | (b) | 8,093 |  |  | (15,580 | ) | (c) |  | 35,205 |  |
Per share amounts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | .38 |  | (a) | .43 |  | (b) | .15 |  |  | (.29 | ) | (c) |  | .66 |  | (d)
Diluted |  | .34 |  | (a) | .40 |  | (b) | .15 |  |  | (.29 | ) | (c) |  | .64 |  | (d)
2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 463,088 |  |  | $ | 459,233 |  |  | $ | 404,719 |  |  | $ | 493,638 |  |  |  | $ | 1,820,678 |  |
Gross profit |  | 93,363 |  |  | 82,086 |  |  | 67,161 |  |  | 51,529 |  |  |  | 294,139 |  |
Titan net income (loss) |  | 35,419 |  |  | 44,056 |  | (e) | 19,579 |  |  | 8,177 |  | (f) |  | 107,231 |  |
Per share amounts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | .84 |  |  | 1.05 |  | (e) | .46 |  |  | .17 |  | (f) |  | 2.47 |  | (d)
Diluted |  | .68 |  |  | .84 |  | (e) | .39 |  |  | .16 |  | (f) |  | 2.05 |  | (d)
(a) | Convertible debt conversion charge of $7.3 million was included in the quarter ended March 31, 2013.
(b) | Gain on earthquake insurance recovery of $22.5 million was included in the quarter ended June 30, 2013.
(c) | Loss on senior note repurchase of $22.7 million was included in the quarter ended December 31, 2013.
(d) | As a result of changes in outstanding share balances and dilution factors, year-end per share amounts do not agree to the sum of the quarters.
(e) | Supply agreement termination income of $26.1 million was included in the quarter ended June 30, 2012.
(f) | Noncash Titan Europe gain of $26.7 million and gain on acquisition of $11.7 million were included in the quarter ended December 31, 2012.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=25249566&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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