FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2014

Fair Value, Measurement Inputs, Disclosure [Table Text Block]

Assets and liabilities measured at fair value on a recurring basis consisted of the following (amounts in thousands):



	September 30, 2014										December 31, 2013
	Total			Level 1		Level 2			Level 3		Total			Level 1		Level 2			Level 3
Contractual obligation investments	$	9,567		$	9,567	$	—		$	—	$	8,723		$	8,723	$	—		$	—
Preferred stock	250			—		—			250		250			—		—			250
Derivative financial instruments liability	(60		)	—		(60		)	—		(126		)	—		(126		)	—
Total	$	9,757		$	9,567	$	(60	)	$	250	$	8,847		$	8,723	$	(126	)	$	250

Fair Value, Assets and Liabilities Measured on Recurring Basis, Gain (Loss) Included in Earnings [Table Text Block]

The following table presents the changes during the periods presented in Titan's Level 3 investments that are measured at fair value on a recurring basis (amounts in thousands):



	Preferred stock
Balance at December 31, 2013	$	250
Total realized and unrealized gains and losses	—
Balance as of September 30, 2014	$	250

Fair Value Measurements, Nonrecurring [Table Text Block]

Fair value, nonrecurring, Level 2 measurements from impairments consisted of the following (amounts in thousands):



	Fair Value				Impairment Charges
	September 30,		December 31,		Nine months ended
	2014		2013		2014		2013
Property, plant and equipment	$	—	$	—	$	23,242	$	—

The fair value measurements and impairment charges shown above pertain to assets used to produce giant mining tires for the mining industry. See note 2 for additional information.