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CONSOLIDATED STATEMENTS OF OPERATIONS - Entity [Domain] - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net sales $ 376,067 $ 523,731 $ 778,126 $ 1,062,671
Cost of sales 325,014 468,161 684,279 955,124
Mining asset impairment and inventory writedown 0 34,797 0 34,797
Gross profit 51,053 20,773 93,847 72,750
Selling, general & administrative expenses 37,848 42,835 73,522 86,711
Research and development expenses 2,779 3,575 5,865 7,671
Royalty expense 2,895 3,830 6,120 7,571
Income from operations 7,531 (29,467) 8,340 (29,203)
Interest expense (8,642) (8,926) (17,398) (18,185)
Other income 6,906 6,335 15,189 6,851
Income (loss) before income taxes 5,795 (32,058) 6,131 (40,537)
Provision (benefit) for income taxes 1,515 (7,167) 2,911 (10,518)
Net income (loss) 4,280 (24,891) 3,220 (30,019)
Net loss attributable to noncontrolling interests (2,491) (4,380) (3,783) (11,671)
Net income attributable to Titan $ 6,771 $ (20,511) $ 7,003 $ (18,348)
Earnings (loss) per common share:        
Basic (in dollars per share) $ 0.13 $ (0.38) $ 0.13 $ (0.34)
Diluted (in dollars per share) $ 0.12 $ (0.38) $ 0.13 $ (0.34)
Average common shares outstanding:        
Basic (in shares) 53,686 53,486 53,674 53,478
Diluted (in shares) 59,489 53,486 53,858 53,478
Dividends declared per common share: $ 0.005 $ 0.005 $ 0.010 $ 0.010