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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Net sales $ 2,163,595 $ 1,820,678 $ 1,486,998
Cost of sales 1,868,405 1,526,539 1,254,890
Gross profit 295,190 294,139 232,108
Selling, general & administrative expenses 167,371 126,157 85,917
Research and development expenses 11,165 7,148 4,228
Royalty expense 14,259 12,260 9,790
Supply agreement termination income 0 (26,134) 0
Income from operations 102,395 174,708 132,173
Interest expense (47,120) (27,658) (25,259)
Convertible debt conversion charge (7,273) 0 (16,135)
Loss on senior note repurchase (22,734) 0 0
Noncash Titan Europe gain 0 26,700 0
Gain on earthquake insurance recovery 22,451 0 0
Gain on acquisition 0 11,678 285
Other income 7,015 6,823 4,831
Income before income taxes 54,734 192,251 95,895
Provision for income taxes 25,047 86,613 37,759
Net income 29,687 105,638 58,136
Net loss attributable to noncontrolling interests (5,518) (1,593) (16)
Net income attributable to Titan $ 35,205 $ 107,231 $ 58,152
Earnings per common share:      
Basic (in dollars per share) $ 0.66 [1] $ 2.47 [1] $ 1.40
Diluted (in dollars per share) $ 0.64 [1] $ 2.05 [1] $ 1.18
Average common shares outstanding:      
Basic (in shares) 53,039 43,380 41,657
Diluted (in shares) 59,522 54,662 53,144
Dividends declared per common share: $ 0.02 $ 0.02 $ 0.02
[1] (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.