XML 42 R75.htm IDEA: XBRL DOCUMENT
v3.3.0.814

EMPLOYEE BENEFIT PLANS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014 | Dec. 31, 2010
EMPLOYEE BENEFIT PLANS [Abstract] |  |
Schedule of Changes in Accumulated Postemployment Benefit Obligations [Table Text Block] | The following table provides the change in benefit obligation, change in plan assets, funded status and amounts recognized in the consolidated balance sheet of the defined benefit pension plans as of December 31, 2014 and 2013 (amounts in thousands):
Change in benefit obligation: | 2014 |  | 2013
Benefit obligation at beginning of year | $ | 123,182 |  |  | $ | 139,104 |
Service cost | 618 |  |  | 850 |
Interest cost | 5,653 |  |  | 5,408 |
Actuarial (gain) loss | 9,382 |  |  | (12,848 | )
Benefits paid | (9,187 | ) |  | (9,258 | )
Foreign currency translation | (2,882 | ) |  | (74 | )
Benefit obligation at end of year | $ | 126,766 |  |  | $ | 123,182 |
Change in plan assets: |  |  |  |  |
Fair value of plan assets at beginning of year | $ | 83,952 |  |  | $ | 78,168 |
Actual return on plan assets | 3,912 |  |  | 10,255 |
Employer contributions | 5,685 |  |  | 4,674 |
Benefits paid | (9,032 | ) |  | (9,223 | )
Foreign currency translation | (236 | ) |  | 78 |
Fair value of plan assets at end of year | $ | 84,281 |  |  | $ | 83,952 |
Unfunded status at end of year | $ | (42,485 | ) |  | $ | (39,230 | )
Amounts recognized in consolidated balance sheet: |  |  |  |  |
Noncurrent assets | $ | 537 |  |  | $ | 539 |
Current liabilities | (3,569 | ) |  | — |
Noncurrent liabilities | (39,453 | ) |  | (39,769 | )
Net amount recognized in the consolidated balance sheet | $ | (42,485 | ) |  | $ | (39,230 | )
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block] |
Amounts recognized in accumulated other comprehensive loss: |  |  |
| 2014 |  | 2013
Unrecognized prior service cost | $ | (618 | ) |  | $ | (754 | )
Unrecognized net loss | (41,370 | ) |  | (33,070 | )
Deferred tax effect of unrecognized items | 15,929 |  |  | 12,894 |
Net amount recognized in accumulated other comprehensive loss | $ | (26,059 | ) |  | $ | (20,930 | )
Schedule of Assumptions Used [Table Text Block] |
The weighted-average assumptions used in the actuarial computation that derived the benefit obligations at December 31 were as follows: | 2014 |  | 2013
Discount rate | 4.1 | % |  | 4.8 | %
Expected long-term return on plan assets | 7.4 | % |  | 7.4 | %
The weighted-average assumptions used in the actuarial computation that derived net periodic pension cost for the years ended December 31, 2014, 2013 and 2012 were as follows:
| 2014 |  | 2013 |  | 2012
Discount rate | 5.9 | % |  | 4.7 | % |  | 4.3 | %
Expected long-term return on plan assets | 7.4 | % |  | 7.4 | % |  | 7.5 | %
Schedule of Net Benefit Costs [Table Text Block] | The following table provides the components of net periodic pension cost for the plans, settlement cost and the assumptions used in the measurement of the Company’s benefit obligation for the years ended December 31, 2014, 2013 and 2012 (amounts in thousands):
Components of net periodic benefit cost and other amounts recognized in other comprehensive income (loss) |  |  |  |  |
Net periodic benefit cost: | 2014 |  | 2013 |  | 2012
Service cost | $ | 618 |  |  | $ | 850 |  |  | $ | 380 |
Interest cost | 5,653 |  |  | 5,408 |  |  | 5,082 |
Assumed return on assets | (6,068 | ) |  | (5,585 | ) |  | (5,022 | )
Amortization of unrecognized prior service cost | 137 |  |  | 137 |  |  | 137 |
Amortization of net unrecognized loss | 3,033 |  |  | 5,264 |  |  | 5,195 |
Net periodic pension cost | $ | 3,373 |  |  | $ | 6,074 |  |  | $ | 5,772 |
Schedule of Allocation of Plan Assets [Table Text Block] | The allocation of the fair value of plan assets was as follows:
| Percentage of Plan Assets at December 31, |  | Target Allocation
Asset Category | 2014 |  | 2013 |  | 2015
U.S. equities (a) | 61 | % |  | 58 | % |  | 40% - 80%
Fixed income | 25 | % |  | 23 | % |  | 20% - 50%
Cash and cash equivalents | 5 | % |  | 7 | % |  | 0% - 20%
International equities (a) | 9 | % |  | 12 | % |  | 0% - 16%
| 100 | % |  | 100 | % |  |
(a) | Total equities may not exceed 80% of total plan assets.
The fair value of the plan assets by asset categories at December 31, 2014 was as follows (amounts in thousands):
| Fair Value Measurements as of December 31, 2014
| Total |  | Level 1 |  | Level 2 |  | Level 3
Money market funds | $ | 3,325 |  |  | $ | 3,325 |  |  | $ | — |  |  | $ | — |
Domestic common stock | 32,472 |  |  | 32,472 |  |  | — |  |  | — |
Foreign common stock | 3,986 |  |  | 3,986 |  |  | — |  |  | — |
Corporate bonds | 5,875 |  |  | 5,875 |  |  | — |  |  | — |
Foreign bonds | 1,611 |  |  | — |  |  | 1,611 |  |  | — |
U.S. government securities | 14 |  |  | 14 |  |  | — |  |  | — |
Insurance fund | 1,799 |  |  | — |  |  | 1,799 |  |  | — |
Common / collective trusts | 35,199 |  |  | 912 |  |  | 34,287 |  |  | — |
Totals | $ | 84,281 |  |  | $ | 46,584 |  |  | $ | 37,697 |  |  | $ | — |
| The fair value of the plan assets by asset categories at December 31, 2013 was as follows (amounts in thousands):
| Fair Value Measurements as of December 31, 2013
| Total |  | Level 1 |  | Level 2 |  | Level 3
Money market funds | $ | 6,051 |  |  | $ | 6,051 |  |  | $ | — |  |  | $ | — |
Domestic common stock | 32,757 |  |  | 32,757 |  |  | — |  |  | — |
Foreign common stock | 4,921 |  |  | 4,921 |  |  | — |  |  | — |
Corporate bonds | 4,012 |  |  | 4,012 |  |  | — |  |  | — |
Foreign bonds | 519 |  |  | — |  |  | 519 |  |  | — |
U.S. government securities | 18 |  |  | 18 |  |  | — |  |  | — |
Mutual funds | — |  |  | — |  |  | — |  |  | — |
Insurance funds | 1,974 |  |  | — |  |  | 1,974 |  |  | — |
Common / collective trusts | 33,700 |  |  | — |  |  | 33,700 |  |  | — |
Totals | $ | 83,952 |  |  | $ | 47,759 |  |  | $ | 36,193 |  |  | $ | — |
Schedule of Expected Benefit Payments [Table Text Block] | Projected benefit payments from the plans as of December 31, 2014, are estimated as follows (amounts in thousands):
2015 | $ | 8,924 |
2016 | 8,942 |
2017 | 8,883 |
2018 | 8,864 |
2019 | 8,547 |
2020-2024 | 43,137 |

X
- Definition EMPLOYEE BENEFIT PLANS [Abstract] + References No definition available. + Details
Name: | twi_EmployeeBenefitPlansAbstract
Namespace Prefix: | twi_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income (loss) expected to be recognized as components of net periodic benefit cost over the next fiscal year, including the net gain (loss), net prior service cost or credit, and net transition asset or obligation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (s) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAmountsInAccumulatedOtherComprehensiveIncomeLossToBeRecognizedOverNextFiscalYearTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in the accumulated postemployment benefit obligation from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfChangesInAccumulatedPostemploymentBenefitObligationsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration