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SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Tables) | 9 Months Ended
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Sep. 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 September 30, 2014
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 204,222 |  |  | $ | 245,357 |  |  | $ | — |  |  | $ | 449,579 |
Cost of sales | 206 |  |  | 180,643 |  |  | 223,431 |  |  | — |  |  | 404,280 |
Gross profit (loss) | (206 | ) |  | 23,579 |  |  | 21,926 |  |  | — |  |  | 45,299 |
Selling, general and administrative expenses | 2,032 |  |  | 15,364 |  |  | 23,880 |  |  | — |  |  | 41,276 |
Research and development expenses | — |  |  | 1,024 |  |  | 1,838 |  |  | — |  |  | 2,862 |
Royalty expense | — |  |  | 1,924 |  |  | 1,751 |  |  | — |  |  | 3,675 |
Income (loss) from operations | (2,238 | ) |  | 5,267 |  |  | (5,543 | ) |  | — |  |  | (2,514 | )
Interest expense | (8,128 | ) |  | — |  |  | (823 | ) |  | — |  |  | (8,951 | )
Intercompany interest income (expense) | 1,661 |  |  | — |  |  | (1,661 | ) |  | — |  |  | — |
Other income (expense) | 810 |  |  | 1 |  |  | (11,490 | ) |  | — |  |  | (10,679 | )
Income (loss) before income taxes | (7,895 | ) |  | 5,268 |  |  | (19,517 | ) |  | — |  |  | (22,144 | )
Provision (benefit) for income taxes | (5,050 | ) |  | 2,115 |  |  | (2,192 | ) |  | — |  |  | (5,127 | )
Equity in earnings of subsidiaries | (14,172 | ) |  | — |  |  | (1,659 | ) |  | 15,831 |  |  | — |
Net income (loss) | (17,017 | ) |  | 3,153 |  |  | (18,984 | ) |  | 15,831 |  |  | (17,017 | )
Net loss noncontrolling interests | — |  |  | — |  |  | (7,950 | ) |  | — |  |  | (7,950 | )
Net income (loss) attributable to Titan | $ | (17,017 | ) |  | $ | 3,153 |  |  | $ | (11,034 | ) |  | $ | 15,831 |  |  | $ | (9,067 | )
(Amounts in thousands) | Consolidating Condensed Statements of Operations For the Three Months Ended September 30, 2013
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 256,252 |  |  | $ | 241,258 |  |  | $ | — |  |  | $ | 497,510 |
Cost of sales | 241 |  |  | 216,445 |  |  | 218,318 |  |  | — |  |  | 435,004 |
Gross profit (loss) | (241 | ) |  | 39,807 |  |  | 22,940 |  |  | — |  |  | 62,506 |
Selling, general and administrative expenses | 3,561 |  |  | 16,513 |  |  | 18,657 |  |  | — |  |  | 38,731 |
Research and development expenses | (17 | ) |  | 1,423 |  |  | 1,372 |  |  | — |  |  | 2,778 |
Royalty expense | — |  |  | 1,850 |  |  | 2,092 |  |  | — |  |  | 3,942 |
Income (loss) from operations | (3,785 | ) |  | 20,021 |  |  | 819 |  |  | — |  |  | 17,055 |
Interest expense | (10,945 | ) |  | — |  |  | (1,469 | ) |  | — |  |  | (12,414 | )
Intercompany interest income (expense) | 2,469 |  |  | — |  |  | (2,469 | ) |  | — |  |  | — |
Other income (expense) | 1,182 |  |  | (117 | ) |  | 7,657 |  |  | — |  |  | 8,722 |
Income (loss) before income taxes | (11,079 | ) |  | 19,904 |  |  | 4,538 |  |  | — |  |  | 13,363 |
Provision (benefit) for income taxes | (4,717 | ) |  | 7,435 |  |  | 2,993 |  |  | — |  |  | 5,711 |
Equity in earnings of subsidiaries | 14,014 |  |  | — |  |  | 4,827 |  |  | (18,841 | ) |  | — |
Net income (loss) | 7,652 |  |  | 12,469 |  |  | 6,372 |  |  | (18,841 | ) |  | 7,652 |
Net loss noncontrolling interests | — |  |  | — |  |  | (441 | ) |  | — |  |  | (441 | )
Net income (loss) attributable to Titan | $ | 7,652 |  |  | $ | 12,469 |  |  | $ | 6,813 |  |  | $ | (18,841 | ) |  | $ | 8,093 |
(Amounts in thousands) | Consolidating Condensed Statements of Operations For the Nine Months Ended September 30, 2014
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 712,844 |  |  | $ | 799,406 |  |  | $ | — |  |  | $ | 1,512,250 |
Cost of sales | 719 |  |  | 650,797 |  |  | 738,325 |  |  | — |  |  | 1,389,841 |
Gross profit (loss) | (719 | ) |  | 62,047 |  |  | 61,081 |  |  | — |  |  | 122,409 |
Selling, general and administrative expenses | 6,064 |  |  | 51,965 |  |  | 75,090 |  |  | — |  |  | 133,119 |
Research and development expenses | 72 |  |  | 4,391 |  |  | 5,298 |  |  | — |  |  | 9,761 |
Royalty expense | — |  |  | 5,698 |  |  | 5,548 |  |  | — |  |  | 11,246 |
Loss from operations | (6,855 | ) |  | (7 | ) |  | (24,855 | ) |  | — |  |  | (31,717 | )
Interest expense | (24,645 | ) |  | — |  |  | (2,491 | ) |  | — |  |  | (27,136 | )
Intercompany interest income (expense) | 4,963 |  |  | — |  |  | (4,963 | ) |  | — |  |  | — |
Other income (expense) | 2,344 |  |  | 49 |  |  | (6,221 | ) |  | — |  |  | (3,828 | )
Income (loss) before income taxes | (24,193 | ) |  | 42 |  |  | (38,530 | ) |  | — |  |  | (62,681 | )
Provision (benefit) for income taxes | (11,021 | ) |  | 488 |  |  | (5,112 | ) |  | — |  |  | (15,645 | )
Equity in earnings of subsidiaries | (33,864 | ) |  | — |  |  | (20,540 | ) |  | 54,404 |  |  | — |
Net income (loss) | (47,036 | ) |  | (446 | ) |  | (53,958 | ) |  | 54,404 |  |  | (47,036 | )
Net loss noncontrolling interests | — |  |  | — |  |  | (19,621 | ) |  | — |  |  | (19,621 | )
Net income (loss) attributable to Titan | $ | (47,036 | ) |  | $ | (446 | ) |  | $ | (34,337 | ) |  | $ | 54,404 |  |  | $ | (27,415 | )
(Amounts in thousands) | Consolidating Condensed Statements of Operations For the Nine Months Ended September 30, 2013
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 903,628 |  |  | $ | 765,560 |  |  | $ | — |  |  | $ | 1,669,188 |
Cost of sales | 908 |  |  | 734,460 |  |  | 687,908 |  |  | — |  |  | 1,423,276 |
Gross profit (loss) | (908 | ) |  | 169,168 |  |  | 77,652 |  |  | — |  |  | 245,912 |
Selling, general and administrative expenses | 8,008 |  |  | 54,637 |  |  | 62,182 |  |  | — |  |  | 124,827 |
Research and development expenses | (35 | ) |  | 4,136 |  |  | 4,180 |  |  | — |  |  | 8,281 |
Royalty expense | — |  |  | 5,478 |  |  | 5,482 |  |  | — |  |  | 10,960 |
Income (loss) from operations | (8,881 | ) |  | 104,917 |  |  | 5,808 |  |  | — |  |  | 101,844 |
Interest expense | (29,509 | ) |  | — |  |  | (6,415 | ) |  | — |  |  | (35,924 | )
Convertible debt conversion charge | (7,273 | ) |  | — |  |  | — |  |  | — |  |  | (7,273 | )
Gain on earthquake insurance recovery | — |  |  | — |  |  | 22,451 |  |  | — |  |  | 22,451 |
Intercompany interest income (expense) | 5,158 |  |  | — |  |  | (5,158 | ) |  | — |  |  | — |
Other income (expense) | 2,741 |  |  | (91 | ) |  | 5,062 |  |  | — |  |  | 7,712 |
Income (loss) before income taxes | (37,764 | ) |  | 104,826 |  |  | 21,748 |  |  | — |  |  | 88,810 |
Provision (benefit) for income taxes | (6,561 | ) |  | 38,025 |  |  | 7,449 |  |  | — |  |  | 38,913 |
Equity in earnings of subsidiaries | 81,100 |  |  | — |  |  | 38,351 |  |  | (119,451 | ) |  | — |
Net income (loss) | 49,897 |  |  | 66,801 |  |  | 52,650 |  |  | (119,451 | ) |  | 49,897 |
Net loss noncontrolling interests | — |  |  | — |  |  | (888 | ) |  | — |  |  | (888 | )
Net income (loss) attributable to Titan | $ | 49,897 |  |  | $ | 66,801 |  |  | $ | 53,538 |  |  | $ | (119,451 | ) |  | $ | 50,785 |
Condensed Financial Information, Condensed Statement of Comprehensive Income [Table Text Block] |
(Amounts in thousands) | Consolidating Condensed Statements of Comprehensive Income (Loss) For the Three Months Ended September 30, 2014
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | (17,017 | ) |  | $ | 3,153 |  |  | $ | (18,984 | ) |  | $ | 15,831 |  |  | $ | (17,017 | )
Currency translation adjustment, net | (40,174 | ) |  | — |  |  | (40,174 | ) |  | 40,174 |  |  | (40,174 | )
Pension liability adjustments, net of tax | 42 |  |  | 450 |  |  | (408 | ) |  | (42 | ) |  | 42 |
Comprehensive income (loss) | (57,149 | ) |  | 3,603 |  |  | (59,566 | ) |  | 55,963 |  |  | (57,149 | )
Net comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | (17,002 | ) |  | — |  |  | (17,002 | )
Comprehensive income (loss) attributable to Titan | $ | (57,149 | ) |  | $ | 3,603 |  |  | $ | (42,564 | ) |  | $ | 55,963 |  |  | $ | (40,147 | )
(Amounts in thousands) | Consolidating Condensed Statements of Comprehensive Income (Loss) For the Three Months Ended September 30, 2013
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | 7,652 |  |  | $ | 12,469 |  |  | $ | 6,372 |  |  | $ | (18,841 | ) |  | $ | 7,652 |
Currency translation adjustment, net | 854 |  |  | — |  |  | 854 |  |  | (854 | ) |  | 854 |
Pension liability adjustments, net of tax | 969 |  |  | 781 |  |  | 188 |  |  | (969 | ) |  | 969 |
Comprehensive income (loss) | 9,475 |  |  | 13,250 |  |  | 7,414 |  |  | (20,664 | ) |  | 9,475 |
Net comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | (85 | ) |  | — |  |  | (85 | )
Comprehensive income (loss) attributable to Titan | $ | 9,475 |  |  | $ | 13,250 |  |  | $ | 7,499 |  |  | $ | (20,664 | ) |  | $ | 9,560 |
(Amounts in thousands) | Consolidating Condensed Statements of Comprehensive Income (Loss) For the Nine Months Ended September 30, 2014
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | (47,036 | ) |  | $ | (446 | ) |  | $ | (53,958 | ) |  | $ | 54,404 |  |  | $ | (47,036 | )
Currency translation adjustment, net | (31,960 | ) |  | — |  |  | (31,960 | ) |  | 31,960 |  |  | (31,960 | )
Pension liability adjustments, net of tax | 787 |  |  | 1,350 |  |  | (563 | ) |  | (787 | ) |  | 787 |
Comprehensive income (loss) | (78,209 | ) |  | 904 |  |  | (86,481 | ) |  | 85,577 |  |  | (78,209 | )
Net comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | (30,247 | ) |  | — |  |  | (30,247 | )
Comprehensive income (loss) attributable to Titan | $ | (78,209 | ) |  | $ | 904 |  |  | $ | (56,234 | ) |  | $ | 85,577 |  |  | $ | (47,962 | )
(Amounts in thousands) | Consolidating Condensed Statements of Comprehensive Income (Loss) For the Nine Months Ended September 30, 2013
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | 49,897 |  |  | $ | 66,801 |  |  | $ | 52,650 |  |  | $ | (119,451 | ) |  | $ | 49,897 |
Unrealized gain (loss) on investments, net of tax | (3 | ) |  | — |  |  | (3 | ) |  | 3 |  |  | (3 | )
Currency translation adjustment, net | (24,513 | ) |  | — |  |  | (24,513 | ) |  | 24,513 |  |  | (24,513 | )
Pension liability adjustments, net of tax | 2,990 |  |  | 2,343 |  |  | 647 |  |  | (2,990 | ) |  | 2,990 |
Comprehensive income (loss) | 28,371 |  |  | 69,144 |  |  | 28,781 |  |  | (97,925 | ) |  | 28,371 |
Net comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | (3,243 | ) |  | — |  |  | (3,243 | )
Comprehensive income (loss) attributable to Titan | $ | 28,371 |  |  | $ | 69,144 |  |  | $ | 32,024 |  |  | $ | (97,925 | ) |  | $ | 31,614 |
Condensed Financial Information, Condensed Balance Sheet [Table Text Block] |
(Amounts in thousands) | Consolidating Condensed Balance Sheets September 30, 2014
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 107,923 |  |  | $ | 4 |  |  | $ | 72,344 |  |  | $ | — |  |  | $ | 180,271 |
Accounts receivable, net | — |  |  | 98,003 |  |  | 150,328 |  |  | — |  |  | 248,331 |
Inventories | — |  |  | 118,924 |  |  | 256,343 |  |  | — |  |  | 375,267 |
Prepaid and other current assets | 54,608 |  |  | 19,248 |  |  | 59,404 |  |  | — |  |  | 133,260 |
Total current assets | 162,531 |  |  | 236,179 |  |  | 538,419 |  |  | — |  |  | 937,129 |
Property, plant and equipment, net | 7,834 |  |  | 166,403 |  |  | 392,406 |  |  | — |  |  | 566,643 |
Investment in subsidiaries | 881,479 |  |  | — |  |  | 120,676 |  |  | (1,002,155 | ) |  | — |
Other assets | 35,352 |  |  | 344 |  |  | 133,484 |  |  | — |  |  | 169,180 |
Total assets | $ | 1,087,196 |  |  | $ | 402,926 |  |  | $ | 1,184,985 |  |  | $ | (1,002,155 | ) |  | $ | 1,672,952 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term debt | $ | — |  |  | $ | — |  |  | $ | 24,768 |  |  | $ | — |  |  | $ | 24,768 |
Accounts payable | 724 |  |  | 15,889 |  |  | 152,826 |  |  | — |  |  | 169,439 |
Other current liabilities | 30,306 |  |  | 47,837 |  |  | 63,464 |  |  | — |  |  | 141,607 |
Total current liabilities | 31,030 |  |  | 63,726 |  |  | 241,058 |  |  | — |  |  | 335,814 |
Long-term debt | 460,161 |  |  | — |  |  | 41,115 |  |  | — |  |  | 501,276 |
Other long-term liabilities | 33,221 |  |  | 12,895 |  |  | 80,359 |  |  | — |  |  | 126,475 |
Intercompany accounts | (78,730 | ) |  | (181,496 | ) |  | 260,226 |  |  | — |  |  | — |
Titan stockholders' equity | 641,514 |  |  | 507,801 |  |  | 494,354 |  |  | (1,002,155 | ) |  | 641,514 |
Noncontrolling interests | — |  |  | — |  |  | 67,873 |  |  | — |  |  | 67,873 |
Total liabilities and stockholders’ equity | $ | 1,087,196 |  |  | $ | 402,926 |  |  | $ | 1,184,985 |  |  | $ | (1,002,155 | ) |  | $ | 1,672,952 |
(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 Nine Months Ended September 30, 2014
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated
Net cash provided by operating activities | $ | 28,013 |  |  | $ | 6,481 |  |  | $ | 42,853 |  |  | $ | 77,347 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | (766 | ) |  | (6,841 | ) |  | (38,722 | ) |  | (46,329 | )
Acquisition of additional interest | (49 | ) |  | — |  |  | (13,346 | ) |  | (13,395 | )
Decrease in restricted cash deposits | — |  |  | — |  |  | 14,268 |  |  | 14,268 |
Other, net | — |  |  | 360 |  |  | 4,250 |  |  | 4,610 |
Net cash used for investing activities | (815 | ) |  | (6,481 | ) |  | (33,550 | ) |  | (40,846 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Payment on debt | — |  |  | — |  |  | (60,359 | ) |  | (60,359 | )
Term loan borrowing | — |  |  | — |  |  | 14,914 |  |  | 14,914 |
Proceeds from exercise of stock options | 141 |  |  | — |  |  | — |  |  | 141 |
Excess tax benefit from stock options exercised | (51 | ) |  | — |  |  | — |  |  | (51 | )
Payment of financing fees | (33 | ) |  | — |  |  | — |  |  | (33 | )
Dividends paid | (804 | ) |  | — |  |  | — |  |  | (804 | )
Net cash used for financing activities | (747 | ) |  | — |  |  | (45,445 | ) |  | (46,192 | )
Effect of exchange rate change on cash | — |  |  | — |  |  | 602 |  |  | 602 |
Net increase (decrease) in cash and cash equivalents | 26,451 |  |  | — |  |  | (35,540 | ) |  | (9,089 | )
Cash and cash equivalents, beginning of period | 81,472 |  |  | 4 |  |  | 107,884 |  |  | 189,360 |
Cash and cash equivalents, end of period | $ | 107,923 |  |  | $ | 4 |  |  | $ | 72,344 |  |  | $ | 180,271 |
(Amounts in thousands) | Consolidating Condensed Statements of Cash Flows For the Nine Months Ended September 30, 2013
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated
Net cash provided by (used for) operating activities | $ | (72,306 | ) |  | $ | 21,528 |  |  | $ | 182,967 |  |  | $ | 132,189 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | (5,979 | ) |  | (21,763 | ) |  | (27,214 | ) |  | (54,956 | )
Acquisitions, net of cash acquired | — |  |  | — |  |  | (1,670 | ) |  | (1,670 | )
Additional equity investment in Wheels India | — |  |  | — |  |  | (8,017 | ) |  | (8,017 | )
Insurance Proceeds | — |  |  | — |  |  | 2,879 |  |  | 2,879 |
Other, net | — |  |  | 235 |  |  | 1,107 |  |  | 1,342 |
Net cash used for investing activities | (5,979 | ) |  | (21,528 | ) |  | (32,915 | ) |  | (60,422 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings | 345,313 |  |  | — |  |  | — |  |  | 345,313 |
Payment on debt | — |  |  | — |  |  | (162,040 | ) |  | (162,040 | )
Term loan borrowing | — |  |  | — |  |  | 25,880 |  |  | 25,880 |
Convertible note conversion | (14,090 | ) |  | — |  |  | — |  |  | (14,090 | )
Proceeds from exercise of stock options | 863 |  |  | — |  |  | — |  |  | 863 |
Excess tax benefit from stock options exercised | (46 | ) |  | — |  |  | — |  |  | (46 | )
Payment of financing fees | (5,520 | ) |  | — |  |  | — |  |  | (5,520 | )
Dividends paid | (778 | ) |  | — |  |  | — |  |  | (778 | )
Net cash provided by (used for) financing activities | 325,742 |  |  | — |  |  | (136,160 | ) |  | 189,582 |
Effect of exchange rate change on cash | — |  |  | — |  |  | (3,007 | ) |  | (3,007 | )
Net increase in cash and cash equivalents | 247,457 |  |  | — |  |  | 10,885 |  |  | 258,342 |
Cash and cash equivalents, beginning of period | 103,154 |  |  | 4 |  |  | 85,956 |  |  | 189,114 |
Cash and cash equivalents, end of period | $ | 350,611 |  |  | $ | 4 |  |  | $ | 96,841 |  |  | $ | 447,456 |

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