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SUPPLEMENTARY DATA - QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2013

SUPPLEMENTARY DATA – QUARTERLY FINANCIAL INFORMATION (UNAUDITED) [Abstract]

Schedule of Quarterly Financial Information [Table Text Block]

(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.