XML 112 R85.htm IDEA: XBRL DOCUMENT v3.3.0.814
ACQUISITIONS (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2012
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Jan. 31, 2014
Oct. 04, 2013
Dec. 15, 2012
Oct. 31, 2012
Oct. 19, 2012
Business Acquisition [Line Items]                  
Payments to Acquire Businesses, Net of Cash Acquired   $ 94,100              
Goodwill, Acquired During Period   21,002 $ 21,002            
Noncash goodwill impairment charge   36,571 0 $ 0          
Business Acquisition, Cost of Acquired Entity, Cash Paid   13,395 95,681 (780)          
Noncontrolling Interest, Increase from Business Combination   $ 13,395 14,500            
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners           15.00%      
Business Acquisition Exchanged Shares of Acquiree's Ordinary Stock   11              
Issuance of common stock for Titan Europe acquisition   $ (1,202) 168 148,154          
Noncash Titan Europe gain   0 0 26,700          
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]                  
Goodwill, Translation Adjustments   (5,504) (3,868)            
Business Acquisition, Pro Forma Information [Abstract]                  
Net sales     2,423,724            
Net income     86,906            
Net income attributable to Titan     $ 88,499            
Basic earnings per share     $ 1.78            
Diluted earnings per share     $ 1.53            
Gain on acquisition   0 $ 0 $ (11,678)          
Voltyre-Prom [Member]                  
Business Acquisition [Line Items]                  
Noncontrolling Interest, Ownership Percentage by Parent         100.00% 85.00%      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]                  
Cash   80 80            
Accounts receivable   5,596 5,596            
Inventories   3,807 3,807            
Business Acquisition, Purchase Price Allocation, Deferred Income Taxes, Assets   253 253            
Prepaid & other current assets   1,881 1,881            
Business Acquisition, Purchase Price Allocation, Other Assets   21,002 21,002            
Property, plant & equipment   79,255 79,255            
Other assets   17,615 17,615            
Accounts Payable   (715) (715)            
Other current liabilities   (4,152) (4,152)            
Deferred income taxes   (15,989) (15,989)            
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value   (1,147) (14,542)            
Net assets acquired   $ 107,486 94,091            
Titan Europe [Member]                  
Business Acquisition [Line Items]                  
Business Acquisition, Cost of Acquired Entity, Cash Paid $ 5,600                
Business Acquisition, Percentage of Voting Interests Acquired             3.00% 97.00%  
Acquisitions (in shares)   6,257,051              
Issuance of common stock for Titan Europe acquisition   $ 121,800              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net [Abstract]                  
Cash                 $ 39,122
Accounts receivable                 128,585
Inventories                 178,407
Business Acquisition, Purchase Price Allocation, Deferred Income Taxes, Assets                 22,068
Prepaid & other current assets                 21,745
Business Acquisition, Preacquisition Contingency, Amount of Settlement     $ 17,024            
Business Acquisition, Purchase Price Allocation, Other Assets                 36,804
Property, plant & equipment                 217,309
Other assets                 8,414
Short term debt                 (96,822)
Accounts Payable                 (142,752)
Other current liabilities                 (56,391)
Long term debt                 (158,183)
Deferred income taxes                 (12,636)
Other noncurrent liabilities                 (31,874)
Net assets acquired                 170,820
Business Acquisition, Pro Forma Information [Abstract]                  
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other                 $ 5,300
Titan Tire Russia B.V. [Member]                  
Business Acquisition [Line Items]                  
Noncontrolling Interest, Ownership Percentage by Parent           30.00%      
Titan Europe [Member]                  
Business Acquisition [Line Items]                  
Available for Sale Security, Ownership Percentage               21.80%  
Investment in Titan Europe Plc               $ 31,700  
Business Acquisition, Transaction Costs               $ 159,100  
Voltyre-Prom [Member]                  
Business Acquisition [Line Items]                  
Noncash goodwill impairment charge   $ 15,631