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SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, 2014
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 244,664 |  |  | $ | 279,067 |  |  | $ | — |  |  | $ | 523,731 |
Cost of sales | 303 |  |  | 241,915 |  |  | 258,953 |  |  | — |  |  | 501,171 |
Gross profit (loss) | (303 | ) |  | 2,749 |  |  | 20,114 |  |  | — |  |  | 22,560 |
Selling, general and administrative expenses | 2,388 |  |  | 17,611 |  |  | 25,009 |  |  | — |  |  | 45,008 |
Research and development expenses | 72 |  |  | 1,214 |  |  | 1,903 |  |  | — |  |  | 3,189 |
Royalty expense | — |  |  | 1,926 |  |  | 1,904 |  |  | — |  |  | 3,830 |
Loss from operations | (2,763 | ) |  | (18,002 | ) |  | (8,702 | ) |  | — |  |  | (29,467 | )
Interest expense | (8,255 | ) |  | — |  |  | (671 | ) |  | — |  |  | (8,926 | )
Intercompany interest income (expense) | 1,618 |  |  | — |  |  | (1,618 | ) |  | — |  |  | — |
Other income | 1,192 |  |  | 103 |  |  | 5,040 |  |  | — |  |  | 6,335 |
Loss before income taxes | (8,208 | ) |  | (17,899 | ) |  | (5,951 | ) |  | — |  |  | (32,058 | )
Benefit for income taxes | 69 |  |  | (6,437 | ) |  | (799 | ) |  | — |  |  | (7,167 | )
Equity in earnings of subsidiaries | (16,614 | ) |  | — |  |  | (18,004 | ) |  | 34,618 |  |  | — |
Net income (loss) | (24,891 | ) |  | (11,462 | ) |  | (23,156 | ) |  | 34,618 |  |  | (24,891 | )
Net loss noncontrolling interests | — |  |  | — |  |  | (4,380 | ) |  | — |  |  | (4,380 | )
Net income (loss) attributable to Titan | $ | (24,891 | ) |  | $ | (11,462 | ) |  | $ | (18,776 | ) |  | $ | 34,618 |  |  | $ | (20,511 | )
(Amounts in thousands) | Consolidating Condensed Statements of Operations For the Three Months Ended June 30, 2013
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 323,482 |  |  | $ | 269,809 |  |  | $ | — |  |  | $ | 593,291 |
Cost of sales | 277 |  |  | 261,789 |  |  | 244,570 |  |  | — |  |  | 506,636 |
Gross profit (loss) | (277 | ) |  | 61,693 |  |  | 25,239 |  |  | — |  |  | 86,655 |
Selling, general and administrative expenses | 2,130 |  |  | 20,300 |  |  | 21,223 |  |  | — |  |  | 43,653 |
Research and development expenses | (28 | ) |  | 1,400 |  |  | 1,429 |  |  | — |  |  | 2,801 |
Royalty expense | — |  |  | 1,850 |  |  | 1,445 |  |  | — |  |  | 3,295 |
Income (loss) from operations | (2,379 | ) |  | 38,143 |  |  | 1,142 |  |  | — |  |  | 36,906 |
Interest expense | (10,833 | ) |  | — |  |  | (2,236 | ) |  | — |  |  | (13,069 | )
Gain on earthquake insurance recovery | — |  |  | — |  |  | 22,451 |  |  | — |  |  | 22,451 |
Intercompany interest income (expense) | 2,192 |  |  | — |  |  | (2,192 | ) |  | — |  |  | — |
Other income (expense) | 904 |  |  | 2 |  |  | (3,335 | ) |  | — |  |  | (2,429 | )
Income (loss) before income taxes | (10,116 | ) |  | 38,145 |  |  | 15,830 |  |  | — |  |  | 43,859 |
Provision for income taxes | 6,491 |  |  | 13,637 |  |  | 875 |  |  | — |  |  | 21,003 |
Equity in earnings of subsidiaries | 39,463 |  |  | — |  |  | 14,892 |  |  | (54,355 | ) |  | — |
Net income (loss) | 22,856 |  |  | 24,508 |  |  | 29,847 |  |  | (54,355 | ) |  | 22,856 |
Net loss noncontrolling interests | — |  |  | — |  |  | (361 | ) |  | — |  |  | (361 | )
Net income (loss) attributable to Titan | $ | 22,856 |  |  | $ | 24,508 |  |  | $ | 30,208 |  |  | $ | (54,355 | ) |  | $ | 23,217 |
(Amounts in thousands) | Consolidating Condensed Statements of Operations For the Six Months Ended June 30, 2014
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 508,622 |  |  | $ | 554,049 |  |  | $ | — |  |  | $ | 1,062,671 |
Cost of sales | 513 |  |  | 470,154 |  |  | 514,894 |  |  | — |  |  | 985,561 |
Gross profit (loss) | (513 | ) |  | 38,468 |  |  | 39,155 |  |  | — |  |  | 77,110 |
Selling, general and administrative expenses | 4,032 |  |  | 36,601 |  |  | 51,210 |  |  | — |  |  | 91,843 |
Research and development expenses | 72 |  |  | 3,367 |  |  | 3,460 |  |  | — |  |  | 6,899 |
Royalty expense | — |  |  | 3,774 |  |  | 3,797 |  |  | — |  |  | 7,571 |
Loss from operations | (4,617 | ) |  | (5,274 | ) |  | (19,312 | ) |  | — |  |  | (29,203 | )
Interest expense | (16,517 | ) |  | — |  |  | (1,668 | ) |  | — |  |  | (18,185 | )
Intercompany interest income (expense) | 3,302 |  |  | — |  |  | (3,302 | ) |  | — |  |  | — |
Other income | 1,534 |  |  | 48 |  |  | 5,269 |  |  | — |  |  | 6,851 |
Loss before income taxes | (16,298 | ) |  | (5,226 | ) |  | (19,013 | ) |  | — |  |  | (40,537 | )
Benefit for income taxes | (5,971 | ) |  | (1,627 | ) |  | (2,920 | ) |  | — |  |  | (10,518 | )
Equity in earnings of subsidiaries | (19,692 | ) |  | — |  |  | (18,881 | ) |  | 38,573 |  |  | — |
Net income (loss) | (30,019 | ) |  | (3,599 | ) |  | (34,974 | ) |  | 38,573 |  |  | (30,019 | )
Net loss noncontrolling interests | — |  |  | — |  |  | (11,671 | ) |  | — |  |  | (11,671 | )
Net income (loss) attributable to Titan | $ | (30,019 | ) |  | $ | (3,599 | ) |  | $ | (23,303 | ) |  | $ | 38,573 |  |  | $ | (18,348 | )
(Amounts in thousands) | Consolidating Condensed Statements of Operations For the Six Months Ended June 30, 2013
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 647,376 |  |  | $ | 524,302 |  |  | $ | — |  |  | $ | 1,171,678 |
Cost of sales | 667 |  |  | 518,015 |  |  | 469,590 |  |  | — |  |  | 988,272 |
Gross profit (loss) | (667 | ) |  | 129,361 |  |  | 54,712 |  |  | — |  |  | 183,406 |
Selling, general and administrative expenses | 4,447 |  |  | 38,124 |  |  | 43,525 |  |  | — |  |  | 86,096 |
Research and development expenses | (18 | ) |  | 2,713 |  |  | 2,808 |  |  | — |  |  | 5,503 |
Royalty expense | — |  |  | 3,628 |  |  | 3,390 |  |  | — |  |  | 7,018 |
Income (loss) from operations | (5,096 | ) |  | 84,896 |  |  | 4,989 |  |  | — |  |  | 84,789 |
Interest expense | (18,564 | ) |  | — |  |  | (4,946 | ) |  | — |  |  | (23,510 | )
Convertible debt conversion charge | (7,273 | ) |  | — |  |  | — |  |  | — |  |  | (7,273 | )
Gain on earthquake insurance recovery | — |  |  | — |  |  | 22,451 |  |  | — |  |  | 22,451 |
Intercompany interest income (expense) | 2,689 |  |  | — |  |  | (2,689 | ) |  | — |  |  | — |
Other income (expense) | 1,548 |  |  | 26 |  |  | (2,584 | ) |  | — |  |  | (1,010 | )
Income (loss) before income taxes | (26,696 | ) |  | 84,922 |  |  | 17,221 |  |  | — |  |  | 75,447 |
Provision (benefit) for income taxes | (1,844 | ) |  | 30,590 |  |  | 4,456 |  |  | — |  |  | 33,202 |
Equity in earnings of subsidiaries | 67,097 |  |  | — |  |  | 33,524 |  |  | (100,621 | ) |  | — |
Net income (loss) | 42,245 |  |  | 54,332 |  |  | 46,289 |  |  | (100,621 | ) |  | 42,245 |
Net loss noncontrolling interests | — |  |  | — |  |  | (447 | ) |  | — |  |  | (447 | )
Net income (loss) attributable to Titan | $ | 42,245 |  |  | $ | 54,332 |  |  | $ | 46,736 |  |  | $ | (100,621 | ) |  | $ | 42,692 |
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 June 30, 2014
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | (24,891 | ) |  | $ | (11,462 | ) |  | $ | (23,156 | ) |  | $ | 34,618 |  |  | $ | (24,891 | )
Currency translation adjustment, net | 7,826 |  |  | — |  |  | 7,826 |  |  | (7,826 | ) |  | 7,826 |
Pension liability adjustments, net of tax | 28 |  |  | 450 |  |  | (422 | ) |  | (28 | ) |  | 28 |
Comprehensive income (loss) | (17,037 | ) |  | (11,012 | ) |  | (15,752 | ) |  | 26,764 |  |  | (17,037 | )
Net comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | (1,062 | ) |  | — |  |  | (1,062 | )
Comprehensive income (loss) attributable to Titan | $ | (17,037 | ) |  | $ | (11,012 | ) |  | $ | (14,690 | ) |  | $ | 26,764 |  |  | $ | (15,975 | )
(Amounts in thousands) | Consolidating Condensed Statements of Comprehensive Income For the Three Months Ended June 30, 2013
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | 22,856 |  |  | $ | 24,508 |  |  | $ | 29,847 |  |  | $ | (54,355 | ) |  | $ | 22,856 |
Currency translation adjustment, net | (25,171 | ) |  | — |  |  | (25,171 | ) |  | 25,171 |  |  | (25,171 | )
Pension liability adjustments, net of tax | 1,070 |  |  | 781 |  |  | 289 |  |  | (1,070 | ) |  | 1,070 |
Comprehensive income (loss) | (1,245 | ) |  | 25,289 |  |  | 4,965 |  |  | (30,254 | ) |  | (1,245 | )
Net comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | (3,167 | ) |  | — |  |  | (3,167 | )
Comprehensive income (loss) attributable to Titan | $ | (1,245 | ) |  | $ | 25,289 |  |  | $ | 8,132 |  |  | $ | (30,254 | ) |  | $ | 1,922 |
(Amounts in thousands) | Consolidating Condensed Statements of Comprehensive Income For the Six Months Ended June 30, 2014
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | (30,019 | ) |  | $ | (3,599 | ) |  | $ | (34,974 | ) |  | $ | 38,573 |  |  | $ | (30,019 | )
Currency translation adjustment, net | 8,214 |  |  | — |  |  | 8,214 |  |  | (8,214 | ) |  | 8,214 |
Pension liability adjustments, net of tax | 745 |  |  | 900 |  |  | (155 | ) |  | (745 | ) |  | 745 |
Comprehensive income (loss) | (21,060 | ) |  | (2,699 | ) |  | (26,915 | ) |  | 29,614 |  |  | (21,060 | )
Net comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | (13,245 | ) |  | — |  |  | (13,245 | )
Comprehensive income (loss) attributable to Titan | $ | (21,060 | ) |  | $ | (2,699 | ) |  | $ | (13,670 | ) |  | $ | 29,614 |  |  | $ | (7,815 | )
(Amounts in thousands) | Consolidating Condensed Statements of Comprehensive Income For the Six Months Ended June 30, 2013
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | 42,245 |  |  | $ | 54,332 |  |  | $ | 46,289 |  |  | $ | (100,621 | ) |  | $ | 42,245 |
Unrealized gain (loss) on investments, net of tax | (3 | ) |  | — |  |  | (3 | ) |  | 3 |  |  | (3 | )
Currency translation adjustment, net | (25,367 | ) |  | — |  |  | (25,367 | ) |  | 25,367 |  |  | (25,367 | )
Pension liability adjustments, net of tax | 2,021 |  |  | 1,562 |  |  | 459 |  |  | (2,021 | ) |  | 2,021 |
Comprehensive income (loss) | 18,896 |  |  | 55,894 |  |  | 21,378 |  |  | (77,272 | ) |  | 18,896 |
Net comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | (3,158 | ) |  | — |  |  | (3,158 | )
Comprehensive income (loss) attributable to Titan | $ | 18,896 |  |  | $ | 55,894 |  |  | $ | 24,536 |  |  | $ | (77,272 | ) |  | $ | 22,054 |
Condensed Financial Information, Condensed Balance Sheet [Table Text Block] |
(Amounts in thousands) | Consolidating Condensed Balance Sheets June 30, 2014
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 91,778 |  |  | $ | 5 |  |  | $ | 71,171 |  |  | $ | — |  |  | $ | 162,954 |
Accounts receivable, net | — |  |  | 112,903 |  |  | 189,601 |  |  | — |  |  | 302,504 |
Inventories | — |  |  | 114,696 |  |  | 272,004 |  |  | — |  |  | 386,700 |
Prepaid and other current assets | 35,499 |  |  | 28,138 |  |  | 58,622 |  |  | — |  |  | 122,259 |
Total current assets | 127,277 |  |  | 255,742 |  |  | 591,398 |  |  | — |  |  | 974,417 |
Property, plant and equipment, net | 8,085 |  |  | 172,248 |  |  | 423,684 |  |  | — |  |  | 604,017 |
Investment in subsidiaries | 887,704 |  |  | — |  |  | 122,182 |  |  | (1,009,886 | ) |  | — |
Other assets | 36,778 |  |  | 357 |  |  | 146,941 |  |  | — |  |  | 184,076 |
Total assets | $ | 1,059,844 |  |  | $ | 428,347 |  |  | $ | 1,284,205 |  |  | $ | (1,009,886 | ) |  | $ | 1,762,510 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term debt | $ | — |  |  | $ | — |  |  | $ | 26,498 |  |  | $ | — |  |  | $ | 26,498 |
Accounts payable | 320 |  |  | 15,694 |  |  | 184,534 |  |  | — |  |  | 200,548 |
Other current liabilities | 22,860 |  |  | 50,198 |  |  | 70,489 |  |  | — |  |  | 143,547 |
Total current liabilities | 23,180 |  |  | 65,892 |  |  | 281,521 |  |  | — |  |  | 370,593 |
Long-term debt | 460,161 |  |  | — |  |  | 41,307 |  |  | — |  |  | 501,468 |
Other long-term liabilities | 31,401 |  |  | 13,841 |  |  | 79,591 |  |  | — |  |  | 124,833 |
Intercompany accounts | (135,639 | ) |  | (155,584 | ) |  | 291,223 |  |  | — |  |  | — |
Titan stockholders' equity | 680,741 |  |  | 504,198 |  |  | 505,688 |  |  | (1,009,886 | ) |  | 680,741 |
Noncontrolling interests | — |  |  | — |  |  | 84,875 |  |  | — |  |  | 84,875 |
Total liabilities and stockholders’ equity | $ | 1,059,844 |  |  | $ | 428,347 |  |  | $ | 1,284,205 |  |  | $ | (1,009,886 | ) |  | $ | 1,762,510 |
(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 Six Months Ended June 30, 2014
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated
Net cash provided by operating activities | $ | 11,495 |  |  | $ | 4,430 |  |  | $ | 27,130 |  |  | $ | 43,055 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | (667 | ) |  | (4,770 | ) |  | (25,446 | ) |  | (30,883 | )
Acquisition of additional interest | (49 | ) |  | — |  |  | (13,346 | ) |  | (13,395 | )
Decrease in restricted cash deposits | — |  |  | — |  |  | 14,268 |  |  | 14,268 |
Other, net | — |  |  | 341 |  |  | 2,900 |  |  | 3,241 |
Net cash used for investing activities | (716 | ) |  | (4,429 | ) |  | (21,624 | ) |  | (26,769 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Payment on debt | — |  |  | — |  |  | (53,393 | ) |  | (53,393 | )
Term loan borrowing | — |  |  | — |  |  | 6,217 |  |  | 6,217 |
Proceeds from exercise of stock options | 141 |  |  | — |  |  | — |  |  | 141 |
Excess tax benefit from stock options exercised | (45 | ) |  | — |  |  | — |  |  | (45 | )
Payment of financing fees | (33 | ) |  | — |  |  | — |  |  | (33 | )
Dividends paid | (536 | ) |  | — |  |  | — |  |  | (536 | )
Net cash used for financing activities | (473 | ) |  | — |  |  | (47,176 | ) |  | (47,649 | )
Effect of exchange rate change on cash | — |  |  | — |  |  | 4,957 |  |  | 4,957 |
Net increase (decrease) in cash and cash equivalents | 10,306 |  |  | 1 |  |  | (36,713 | ) |  | (26,406 | )
Cash and cash equivalents, beginning of period | 81,472 |  |  | 4 |  |  | 107,884 |  |  | 189,360 |
Cash and cash equivalents, end of period | $ | 91,778 |  |  | $ | 5 |  |  | $ | 71,171 |  |  | $ | 162,954 |
(Amounts in thousands) | Consolidating Condensed Statements of Cash Flows For the Six Months Ended June 30, 2013
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated
Net cash provided by (used for) operating activities | $ | (100,008 | ) |  | $ | 15,562 |  |  | $ | 171,056 |  |  | $ | 86,610 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | (3,189 | ) |  | (15,564 | ) |  | (17,315 | ) |  | (36,068 | )
Acquisitions, net of cash acquired | — |  |  | — |  |  | (1,671 | ) |  | (1,671 | )
Additional equity investment in Wheels India | — |  |  | — |  |  | (8,017 | ) |  | (8,017 | )
Insurance Proceeds | — |  |  | — |  |  | 2,879 |  |  | 2,879 |
Other, net | — |  |  | 2 |  |  | 177 |  |  | 179 |
Net cash used for investing activities | (3,189 | ) |  | (15,562 | ) |  | (23,947 | ) |  | (42,698 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings | 345,313 |  |  | — |  |  | — |  |  | 345,313 |
Payment on debt | — |  |  | — |  |  | (155,082 | ) |  | (155,082 | )
Term loan borrowing | — |  |  | — |  |  | 25,157 |  |  | 25,157 |
Convertible note conversion | (14,090 | ) |  | — |  |  | — |  |  | (14,090 | )
Proceeds from exercise of stock options | 841 |  |  | — |  |  | — |  |  | 841 |
Excess tax benefit from stock options exercised | (42 | ) |  | — |  |  | — |  |  | (42 | )
Payment of financing fees | (5,452 | ) |  | — |  |  | — |  |  | (5,452 | )
Dividends paid | (511 | ) |  | — |  |  | — |  |  | (511 | )
Net cash provided by (used for) financing activities | 326,059 |  |  | — |  |  | (129,925 | ) |  | 196,134 |
Effect of exchange rate change on cash | — |  |  | — |  |  | (4,773 | ) |  | (4,773 | )
Net increase in cash and cash equivalents | 222,862 |  |  | — |  |  | 12,411 |  |  | 235,273 |
Cash and cash equivalents, beginning of period | 103,154 |  |  | 4 |  |  | 85,956 |  |  | 189,114 |
Cash and cash equivalents, end of period | $ | 326,016 |  |  | $ | 4 |  |  | $ | 98,367 |  |  | $ | 424,387 |

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