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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Net sales $ 449,579 $ 497,510 $ 1,512,250 $ 1,669,188
Cost of sales 404,280 435,004 1,355,044 1,423,276
Mining asset impairment and inventory writedown 0 0 34,797 0
Gross profit 45,299 62,506 122,409 245,912
Selling, general & administrative expenses 41,276 38,731 133,119 124,827
Research and development expenses 2,862 2,778 9,761 8,281
Royalty expense 3,675 3,942 11,246 10,960
Income (loss) from operations (2,514) 17,055 (31,717) 101,844
Interest expense (8,951) (12,414) (27,136) (35,924)
Convertible debt conversion charge 0 0 0 (7,273)
Gain on earthquake insurance recovery 0 0 0 22,451
Other income (expense) (10,679) 8,722 (3,828) 7,712
Income (loss) before income taxes (22,144) 13,363 (62,681) 88,810
Provision (benefit) for income taxes (5,127) 5,711 (15,645) 38,913
Net income (loss) (17,017) 7,652 (47,036) 49,897
Net loss attributable to noncontrolling interests (7,950) (441) (19,621) (888)
Net income (loss) attributable to Titan $ (9,067) $ 8,093 $ (27,415) $ 50,785
Earnings (loss) per common share:        
Basic (in dollars per share) $ (0.17) $ 0.15 $ (0.51) $ 0.96
Diluted (in dollars per share) $ (0.17) $ 0.15 $ (0.51) $ 0.89
Average common shares outstanding:        
Basic (in shares) 53,497 53,440 53,484 52,900
Diluted (in shares) 53,497 59,391 53,484 59,444
Dividends declared per common share: $ 0.005 $ 0.005 $ 0.015 $ 0.015