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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Net sales $ 538,940 $ 578,387
Cost of sales 484,390 481,636
Gross profit 54,550 96,751
Selling, general & administrative expenses 46,835 42,443
Research and development expenses 3,710 2,702
Royalty expense 3,741 3,723
Income from operations 264 47,883
Interest expense (9,259) (10,441)
Convertible debt conversion charge 0 (7,273)
Other income 516 1,419
Income (loss) before income taxes (8,479) 31,588
Provision (benefit) for income taxes (3,351) 12,199
Net income (loss) (5,128) 19,389
Net loss attributable to noncontrolling interests (7,291) (86)
Net income attributable to Titan $ 2,163 $ 19,475
Earnings per common share:    
Basic (in dollars per share) $ 0.04 $ 0.38
Diluted (in dollars per share) $ 0.04 $ 0.34
Average common shares outstanding:    
Basic (in shares) 53,470 51,816
Diluted (in shares) 53,774 59,642
Dividends declared per common share: $ 0.005 $ 0.005