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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Net sales $ 1,895,527 $ 2,163,595 $ 1,820,678
Cost of sales 1,714,952 1,868,405 1,526,539
Mining asset impairment and inventory writedown 39,932 0 0
Gross profit 140,643 295,190 294,139
Selling, general & administrative expenses 173,614 167,371 126,157
Research and development expenses 14,005 11,165 7,148
Royalty expense 14,078 14,259 12,260
Noncash goodwill impairment charge 36,571 0 0
Supply agreement termination income 0 0 (26,134)
Income (loss) from operations (97,625) 102,395 174,708
Interest expense (36,564) (47,120) (27,658)
Convertible debt conversion charge 0 (7,273) 0
Loss on senior note repurchase 0 (22,734) 0
Noncash Titan Europe gain 0 0 26,700
Gain on earthquake insurance recovery 0 22,451 0
Gain on acquisition 0 0 11,678
Other income (expense) (18,055) 7,015 6,823
Income (loss) before income taxes (152,244) 54,734 192,251
Provision (benefit) for income taxes (21,819) 25,047 86,613
Net income (loss) (130,425) 29,687 105,638
Net loss attributable to noncontrolling interests (49,964) (5,518) (1,593)
Net income (loss) attributable to Titan $ (80,461) $ 35,205 $ 107,231
Earnings (loss) per common share:      
Basic (in dollars per share) $ (2.43) $ 0.66 $ 2.47
Diluted (in dollars per share) $ (2.43) $ 0.64 $ 2.05
Average common shares outstanding:      
Basic (in shares) 53,497 53,039 43,380
Diluted (in shares) 53,497 59,522 54,662
Dividends declared per common share: $ 0.02 $ 0.02 $ 0.02