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INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2013

INCOME TAXES [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

Income before income taxes, consisted of the following (amounts in thousands):

	2013				2012				2011
Domestic	$	27,023			$	178,686			$	82,282
Foreign	27,711				13,565				13,613
	$	54,734			$	192,251			$	95,895

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The income tax provision was as follows (amounts in thousands):

	2013				2012				2011
Current
Federal	$	11,853			$	47,616			$	32,140
State	5,398				13,537				3,271
Foreign	11,800				8,290				2,797
	29,051				69,443				38,208
Deferred
Federal	(8,473		)		14,179				(1,904		)
State	(316		)		1,235				(357		)
Foreign	4,785				1,756				1,812
	(4,004		)		17,170				(449		)
Income tax provision	$	25,047			$	86,613			$	37,759

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The income tax provision differs from the amount of income tax determined by applying the statutory U.S. federal income tax rate to pre-tax income as a result of the following:

	2013			2012			2011
Statutory U.S. federal tax rate	35.0	%		35.0	%		35.0	%
Unrecognized tax positions	6.2			3.5			—
Impact of foreign income	4.5			6.1			(0.2	)
Italian law change	(14.2	)		—			—
Valuation allowance	19.0			—			—
State taxes, net	1.9			2.5			1.9
Domestic production exemption	(3.2	)		(3.1	)		(3.9	)
Debt conversion (benefit) expense	(1.0	)		—			6.9
Section 162m limitation	—			2.5			—
Write off of Titan Europe deferred tax asset	—			2.0			—
Bargain purchase gain	—			(2.0	)		—
Other, net	(2.4	)		(1.4	)		(0.3	)
Effective tax rate	45.8	%		45.1	%		39.4	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.  Significant components of the Company’s deferred tax assets and liabilities at December 31, 2013 and 2012, are as follows (amounts in thousands):

	2013				2012
Deferred tax assets:
Net operating loss carryforwards	$	41,933			$	37,519
Pension	6,269				14,684
Inventory	3,564				3,412
Warranty	11,460				9,723
Employee benefits and related costs	13,146				11,319
Allowance for bad debts	3,773				3,335
Prepaid royalties	8,464				7,053
Reserves, other	1,920				3,988
Fixed assets	7,070				8,418
Other	13,009				14,370
Deferred tax assets	110,608				113,821
Deferred tax liabilities:
Fixed assets	(78,819		)		(82,400		)
Intangible Assets	(8,454		)		(6,225		)
Other	(5,957		)		(13,385		)
Deferred tax liabilities	(93,230		)		(102,010		)
Subtotal	17,378				11,811
Valuation allowance	(37,185		)		(23,691		)
Net deferred tax liability	$	(19,807	)		$	(11,880	)

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of the total amounts of unrecognized tax benefits at December 31 were as follows (amounts in thousands):

	2013			2012			2011
Balance at January 1	11,872			—			—
Increases to tax positions taken during the current year	4,256			6,050			—
Increases to tax positions taken during the prior years	433			5,822			—
Decreases to tax positions taken during prior years	(250	)		—			—
Decreases due to lapse of statutes of limitations	(272	)		—			—
Settlements	(721	)		—			—
Foreign exchange	45			—			—
Balance at December 31	15,363			11,872			—

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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