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SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2014
SUBSIDIARY GUARANTOR FINANCIAL INFORMATION [Abstract] |
Condensed Financial Information, Condensed Statement of Operations [Table Text Block] |
(Amounts in thousands) | Consolidating Condensed Statements of Operations For the Three Months Ended March 31, 2014
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 263,958 |  |  | $ | 274,982 |  |  | $ | — |  |  | $ | 538,940 |
Cost of sales | 210 |  |  | 228,239 |  |  | 255,941 |  |  | — |  |  | 484,390 |
Gross profit (loss) | (210 | ) |  | 35,719 |  |  | 19,041 |  |  | — |  |  | 54,550 |
Selling, general and administrative expenses | 1,644 |  |  | 18,990 |  |  | 26,201 |  |  | — |  |  | 46,835 |
Research and development expenses | — |  |  | 2,153 |  |  | 1,557 |  |  | — |  |  | 3,710 |
Royalty expense | — |  |  | 1,848 |  |  | 1,893 |  |  | — |  |  | 3,741 |
Income (loss) from operations | (1,854 | ) |  | 12,728 |  |  | (10,610 | ) |  | — |  |  | 264 |
Interest expense | (8,262 | ) |  | — |  |  | (997 | ) |  | — |  |  | (9,259 | )
Intercompany interest income (expense) | 1,684 |  |  | — |  |  | (1,684 | ) |  | — |  |  | — |
Other income (loss) | 342 |  |  | (55 | ) |  | 229 |  |  | — |  |  | 516 |
Income (loss) before income taxes | (8,090 | ) |  | 12,673 |  |  | (13,062 | ) |  | — |  |  | (8,479 | )
Provision (benefit) for income taxes | (6,040 | ) |  | 4,810 |  |  | (2,121 | ) |  | — |  |  | (3,351 | )
Equity in earnings of subsidiaries | (3,078 | ) |  | — |  |  | (877 | ) |  | 3,955 |  |  | — |
Net income (loss) | (5,128 | ) |  | 7,863 |  |  | (11,818 | ) |  | 3,955 |  |  | (5,128 | )
Net loss noncontrolling interests | — |  |  | — |  |  | (7,291 | ) |  | — |  |  | (7,291 | )
Net income (loss) attributable to Titan | $ | (5,128 | ) |  | $ | 7,863 |  |  | $ | (4,527 | ) |  | $ | 3,955 |  |  | $ | 2,163 |
(Amounts in thousands) | Consolidating Condensed Statements of Operations For the Three Months Ended March 31, 2013
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 323,894 |  |  | $ | 254,493 |  |  | $ | — |  |  | $ | 578,387 |
Cost of sales | 390 |  |  | 256,226 |  |  | 225,020 |  |  | — |  |  | 481,636 |
Gross profit (loss) | (390 | ) |  | 67,668 |  |  | 29,473 |  |  | — |  |  | 96,751 |
Selling, general and administrative expenses | 2,317 |  |  | 17,824 |  |  | 22,302 |  |  | — |  |  | 42,443 |
Research and development expenses | 10 |  |  | 1,313 |  |  | 1,379 |  |  | — |  |  | 2,702 |
Royalty expense | — |  |  | 1,778 |  |  | 1,945 |  |  | — |  |  | 3,723 |
Income (loss) from operations | (2,717 | ) |  | 46,753 |  |  | 3,847 |  |  | — |  |  | 47,883 |
Interest expense | (7,731 | ) |  | — |  |  | (2,710 | ) |  | — |  |  | (10,441 | )
Convertible debt conversion charge | (7,273 | ) |  | — |  |  | — |  |  | — |  |  | (7,273 | )
Intercompany interest income (expense) | 497 |  |  | — |  |  | (497 | ) |  | — |  |  | — |
Other income | 644 |  |  | 24 |  |  | 751 |  |  | — |  |  | 1,419 |
Income (loss) before income taxes | (16,580 | ) |  | 46,777 |  |  | 1,391 |  |  | — |  |  | 31,588 |
Provision (benefit) for income taxes | (8,335 | ) |  | 16,953 |  |  | 3,581 |  |  | — |  |  | 12,199 |
Equity in earnings of subsidiaries | 27,634 |  |  | — |  |  | 18,632 |  |  | (46,266 | ) |  | — |
Net income (loss) | 19,389 |  |  | 29,824 |  |  | 16,442 |  |  | (46,266 | ) |  | 19,389 |
Net loss noncontrolling interests | — |  |  | — |  |  | (86 | ) |  | — |  |  | (86 | )
Net income (loss) attributable to Titan | $ | 19,389 |  |  | $ | 29,824 |  |  | $ | 16,528 |  |  | $ | (46,266 | ) |  | $ | 19,475 |
Condensed Financial Information, Condensed Statement of Comprehensive Income [Table Text Block] |
(Amounts in thousands) | Consolidating Condensed Statements of Comprehensive Income For the Three Months Ended March 31, 2014
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | (5,128 | ) |  | $ | 7,863 |  |  | $ | (11,818 | ) |  | $ | 3,955 |  |  | $ | (5,128 | )
Currency translation adjustment, net | 388 |  |  | — |  |  | 388 |  |  | (388 | ) |  | 388 |
Pension liability adjustments, net of tax | 717 |  |  | 450 |  |  | 267 |  |  | (717 | ) |  | 717 |
Comprehensive income (loss) | (4,023 | ) |  | 8,313 |  |  | (11,163 | ) |  | 2,850 |  |  | (4,023 | )
Net comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | (12,183 | ) |  | — |  |  | (12,183 | )
Comprehensive income (loss) attributable to Titan | $ | (4,023 | ) |  | $ | 8,313 |  |  | $ | 1,020 |  |  | $ | 2,850 |  |  | $ | 8,160 |
(Amounts in thousands) | Consolidating Condensed Statements of Comprehensive Income For the Three Months Ended March 31, 2013
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | 19,389 |  |  | $ | 29,824 |  |  | $ | 16,442 |  |  | $ | (46,266 | ) |  | $ | 19,389 |
Unrealized gain (loss) on investments, net of tax | (3 | ) |  | — |  |  | (3 | ) |  | 3 |  |  | (3 | )
Currency translation adjustment, net | (196 | ) |  | — |  |  | (196 | ) |  | 196 |  |  | (196 | )
Pension liability adjustments, net of tax | 951 |  |  | 781 |  |  | 170 |  |  | (951 | ) |  | 951 |
Comprehensive income (loss) | 20,141 |  |  | 30,605 |  |  | 16,413 |  |  | (47,018 | ) |  | 20,141 |
Net comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | 9 |  |  | — |  |  | 9 |
Comprehensive income (loss) attributable to Titan | $ | 20,141 |  |  | $ | 30,605 |  |  | $ | 16,404 |  |  | $ | (47,018 | ) |  | $ | 20,132 |
Condensed Financial Information, Condensed Balance Sheet [Table Text Block] |
(Amounts in thousands) | Consolidating Condensed Balance Sheets March 31, 2014
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 90,826 |  |  | $ | 9 |  |  | $ | 109,259 |  |  | $ | — |  |  | $ | 200,094 |
Accounts receivable, net | — |  |  | 126,645 |  |  | 201,382 |  |  | — |  |  | 328,027 |
Inventories | — |  |  | 135,189 |  |  | 259,361 |  |  | — |  |  | 394,550 |
Prepaid and other current assets | 49,175 |  |  | 15,830 |  |  | 65,190 |  |  | — |  |  | 130,195 |
Total current assets | 140,001 |  |  | 277,673 |  |  | 635,192 |  |  | — |  |  | 1,052,866 |
Property, plant and equipment, net | 9,968 |  |  | 201,228 |  |  | 417,611 |  |  | — |  |  | 628,807 |
Investment in subsidiaries | 893,313 |  |  | — |  |  | 140,695 |  |  | (1,034,008 | ) |  | — |
Other assets | 37,695 |  |  | 372 |  |  | 138,758 |  |  | — |  |  | 176,825 |
Total assets | $ | 1,080,977 |  |  | $ | 479,273 |  |  | $ | 1,332,256 |  |  | $ | (1,034,008 | ) |  | $ | 1,858,498 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term debt | $ | — |  |  | $ | — |  |  | $ | 78,022 |  |  | $ | — |  |  | $ | 78,022 |
Accounts payable | 820 |  |  | 19,182 |  |  | 193,462 |  |  | — |  |  | 213,464 |
Other current liabilities | 28,117 |  |  | 56,925 |  |  | 66,808 |  |  | — |  |  | 151,850 |
Total current liabilities | 28,937 |  |  | 76,107 |  |  | 338,292 |  |  | — |  |  | 443,336 |
Long-term debt | 460,161 |  |  | — |  |  | 38,613 |  |  | — |  |  | 498,774 |
Other long-term liabilities | 40,330 |  |  | 14,787 |  |  | 79,147 |  |  | — |  |  | 134,264 |
Intercompany accounts | (144,002 | ) |  | (126,832 | ) |  | 270,834 |  |  | — |  |  | — |
Titan stockholders' equity | 695,551 |  |  | 515,211 |  |  | 518,797 |  |  | (1,034,008 | ) |  | 695,551 |
Noncontrolling interests | — |  |  | — |  |  | 86,573 |  |  | — |  |  | 86,573 |
Total liabilities and stockholders’ equity | $ | 1,080,977 |  |  | $ | 479,273 |  |  | $ | 1,332,256 |  |  | $ | (1,034,008 | ) |  | $ | 1,858,498 |
(Amounts in thousands) | Consolidating Condensed Balance Sheets December 31, 2013
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 81,472 |  |  | $ | 4 |  |  | $ | 107,884 |  |  | $ | — |  |  | $ | 189,360 |
Restricted cash | — |  |  | — |  |  | 14,268 |  |  | — |  |  | 14,268 |
Accounts receivable, net | — |  |  | 89,259 |  |  | 173,794 |  |  | — |  |  | 263,053 |
Inventories | — |  |  | 129,113 |  |  | 255,807 |  |  | — |  |  | 384,920 |
Prepaid and other current assets | 80,876 |  |  | 20,416 |  |  | 54,985 |  |  | — |  |  | 156,277 |
Total current assets | 162,348 |  |  | 238,792 |  |  | 606,738 |  |  | — |  |  | 1,007,878 |
Property, plant and equipment, net | 9,885 |  |  | 206,928 |  |  | 421,994 |  |  | — |  |  | 638,807 |
Investment in subsidiaries | 884,222 |  |  | — |  |  | 141,752 |  |  | (1,025,974 | ) |  | — |
Other assets | 34,259 |  |  | 387 |  |  | 139,900 |  |  | — |  |  | 174,546 |
Total assets | $ | 1,090,714 |  |  | $ | 446,107 |  |  | $ | 1,310,384 |  |  | $ | (1,025,974 | ) |  | $ | 1,821,231 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term debt | $ | — |  |  | $ | — |  |  | $ | 75,061 |  |  | $ | — |  |  | $ | 75,061 |
Accounts payable | 368 |  |  | 12,525 |  |  | 163,826 |  |  | — |  |  | 176,719 |
Other current liabilities | 15,278 |  |  | 58,001 |  |  | 61,512 |  |  | — |  |  | 134,791 |
Total current liabilities | 15,646 |  |  | 70,526 |  |  | 300,399 |  |  | — |  |  | 386,571 |
Long-term debt | 460,161 |  |  | — |  |  | 37,533 |  |  | — |  |  | 497,694 |
Other long-term liabilities | 40,658 |  |  | 15,571 |  |  | 82,701 |  |  | — |  |  | 138,930 |
Intercompany accounts | (113,474 | ) |  | (147,529 | ) |  | 261,003 |  |  | — |  |  | — |
Titan stockholders' equity | 687,723 |  |  | 507,539 |  |  | 518,435 |  |  | (1,025,974 | ) |  | 687,723 |
Noncontrolling interests | — |  |  | — |  |  | 110,313 |  |  | — |  |  | 110,313 |
Total liabilities and stockholders’ equity | $ | 1,090,714 |  |  | $ | 446,107 |  |  | $ | 1,310,384 |  |  | $ | (1,025,974 | ) |  | $ | 1,821,231 |
Condensed Financial Information, Condensed Statement of Cash Flows [Table Text Block] |
(Amounts in thousands) | Consolidating Condensed Statements of Cash Flows For the Three Months Ended March 31, 2014
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated
Net cash provided by operating activities | $ | 9,782 |  |  | $ | 737 |  |  | $ | 7,472 |  |  | $ | 17,991 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | (120 | ) |  | (3,486 | ) |  | (13,148 | ) |  | (16,754 | )
Acquisition of additional interest | (25 | ) |  | — |  |  | (12,651 | ) |  | (12,676 | )
Decrease in restricted cash deposits | — |  |  | — |  |  | 14,188 |  |  | 14,188 |
Other, net | — |  |  | 2,754 |  |  | 524 |  |  | 3,278 |
Net cash used for investing activities | (145 | ) |  | (732 | ) |  | (11,087 | ) |  | (11,964 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Payment on debt | — |  |  | — |  |  | (4,248 | ) |  | (4,248 | )
Term loan borrowing | — |  |  | — |  |  | 6,945 |  |  | 6,945 |
Proceeds from exercise of stock options | 20 |  |  | — |  |  | — |  |  | 20 |
Excess tax benefit from stock options exercised | (2 | ) |  | — |  |  | — |  |  | (2 | )
Payment of financing fees | (33 | ) |  | — |  |  | — |  |  | (33 | )
Dividends paid | (268 | ) |  | — |  |  | — |  |  | (268 | )
Net cash provided by (used for) financing activities | (283 | ) |  | — |  |  | 2,697 |  |  | 2,414 |
Effect of exchange rate change on cash | — |  |  | — |  |  | 2,293 |  |  | 2,293 |
Net increase in cash and cash equivalents | 9,354 |  |  | 5 |  |  | 1,375 |  |  | 10,734 |
Cash and cash equivalents, beginning of period | 81,472 |  |  | 4 |  |  | 107,884 |  |  | 189,360 |
Cash and cash equivalents, end of period | $ | 90,826 |  |  | $ | 9 |  |  | $ | 109,259 |  |  | $ | 200,094 |
(Amounts in thousands) | Consolidating Condensed Statements of Cash Flows For the Three Months Ended March 31, 2013
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated
Net cash provided by (used for) operating activities | $ | (4,453 | ) |  | $ | 9,099 |  |  | $ | 16,634 |  |  | $ | 21,280 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | (1,955 | ) |  | (9,099 | ) |  | (10,120 | ) |  | (21,174 | )
Other, net | — |  |  | — |  |  | (219 | ) |  | (219 | )
Net cash used for investing activities | (1,955 | ) |  | (9,099 | ) |  | (10,339 | ) |  | (21,393 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings | 345,313 |  |  | — |  |  | — |  |  | 345,313 |
Payment on debt | — |  |  | — |  |  | (18,059 | ) |  | (18,059 | )
Term loan borrowing | — |  |  | — |  |  | 10,818 |  |  | 10,818 |
Convertible note conversion | (14,090 | ) |  | — |  |  | — |  |  | (14,090 | )
Proceeds from exercise of stock options | 739 |  |  | — |  |  | — |  |  | 739 |
Excess tax benefit from stock options exercised | (29 | ) |  | — |  |  | — |  |  | (29 | )
Payment of financing fees | (5,064 | ) |  | — |  |  | — |  |  | (5,064 | )
Dividends paid | (243 | ) |  | — |  |  | — |  |  | (243 | )
Net cash provided by (used for) financing activities | 326,626 |  |  | — |  |  | (7,241 | ) |  | 319,385 |
Effect of exchange rate change on cash | — |  |  | — |  |  | 61 |  |  | 61 |
Net increase (decrease) in cash and cash equivalents | 320,218 |  |  | — |  |  | (885 | ) |  | 319,333 |
Cash and cash equivalents, beginning of period | 103,154 |  |  | 4 |  |  | 85,956 |  |  | 189,114 |
Cash and cash equivalents, end of period | $ | 423,372 |  |  | $ | 4 |  |  | $ | 85,071 |  |  | $ | 508,447 |

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