XML 62 R32.htm IDEA: XBRL DOCUMENT v2.4.0.8

GAIN ON ACQUISITION (Notes)

12 Months Ended

Dec. 31, 2013

GAIN ON ACQUISITION [Abstract]

Other Nonoperating Income and Expense [Text Block]

GAIN ON ACQUISITION

Gain on acquisition consisted of the following (amounts in thousands):

	2013				2012				2011
Gain on acquisition	$	—			$	11,678			$	285

In the second quarter of 2013, Titan received a final insurance settlement payment regarding an earthquake Titan Europe's wheel manufacturing facility in Finale Emilia, Italy experienced in May 2012, prior to Titan's acquisition of Titan Europe. As a result of this information, the purchase price allocation of the Titan Europe acquisition has changed from that reported in the Form 10-K for the year ended December 31, 2012, and the 10-Q for the quarter ended March 31, 2013, and Titan has recorded a bargain purchase gain of $11.7 million for the year ended December 31, 2012.

In 2011, Titan purchased a 70% controlling interest in AII Holding, Inc. (AII). The fair value of the identified assets acquired less liabilities assumed exceeded the fair value of the consideration transferred and noncontrolling interest. Therefore, a bargain purchase gain of $0.3 million was recorded on the transaction.

X

- Details

Name:	twi_GAINONACQUISITIONAbstract
Namespace Prefix:	twi_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for the components of non-operating income or non-operating expense, including, but not limited to, amounts earned from dividends, interest on securities, gain (loss) on securities sold, equity earnings of unconsolidated affiliates, gain (loss) on sales of business, interest expense and other miscellaneous income or expense items.

+ References

No definition available.

+ Details

Name:	us-gaap_OtherNonoperatingIncomeAndExpenseTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration