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v2.4.1.9

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified | 3 Months Ended
--- | ---
Mar. 31, 2015 | Mar. 31, 2014
Net sales | $ 402,059 us-gaap_SalesRevenueGoodsNet | $ 538,940 us-gaap_SalesRevenueGoodsNet
Cost of sales | 359,265 us-gaap_CostOfGoodsSold | 484,390 us-gaap_CostOfGoodsSold
Gross profit | 42,794 us-gaap_GrossProfit | 54,550 us-gaap_GrossProfit
Selling, general & administrative expenses | 35,674 us-gaap_SellingGeneralAndAdministrativeExpense | 46,835 us-gaap_SellingGeneralAndAdministrativeExpense
Research and development expenses | 3,086 us-gaap_ResearchAndDevelopmentExpense | 3,710 us-gaap_ResearchAndDevelopmentExpense
Royalty expense | 3,225 us-gaap_RoyaltyExpense | 3,741 us-gaap_RoyaltyExpense
Income from operations | 809 us-gaap_OperatingIncomeLoss | 264 us-gaap_OperatingIncomeLoss
Interest expense | (8,756)us-gaap_InterestExpense | (9,259)us-gaap_InterestExpense
Other income | 8,283 us-gaap_NonoperatingIncomeExpense | 516 us-gaap_NonoperatingIncomeExpense
Income (loss) before income taxes | 336 us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | (8,479)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Provision (benefit) for income taxes | 1,396 us-gaap_IncomeTaxExpenseBenefit | (3,351)us-gaap_IncomeTaxExpenseBenefit
Net loss | (1,060)us-gaap_ProfitLoss | (5,128)us-gaap_ProfitLoss
Net loss attributable to noncontrolling interests | (1,292)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | (7,291)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to Titan | $ 232 us-gaap_NetIncomeLoss | $ 2,163 us-gaap_NetIncomeLoss
Earnings (loss) per common share: |  |
Basic (in dollars per share) | $ 0.00 us-gaap_EarningsPerShareBasic | $ 0.04 us-gaap_EarningsPerShareBasic
Diluted (in dollars per share) | $ 0.00 us-gaap_EarningsPerShareDiluted | $ 0.04 us-gaap_EarningsPerShareDiluted
Average common shares outstanding: |  |
Basic (in shares) | 53,663 us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 53,470 us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) | 53,817 us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 53,774 us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Dividends declared per common share: | $ 0.005 us-gaap_CommonStockDividendsPerShareDeclared | $ 0.005 us-gaap_CommonStockDividendsPerShareDeclared

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