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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net sales $ 308,836 $ 449,579 $ 1,086,962 $ 1,512,250
Cost of sales 282,683 405,940 966,962 1,361,064
Mining asset impairment and inventory writedown 0 0 0 34,797
Gross profit 26,153 43,639 120,000 116,389
Selling, general & administrative expenses 35,512 39,231 109,034 125,942
Research and development expenses 2,982 3,247 8,847 10,918
Royalty expense 2,121 3,675 8,241 11,246
Loss from operations (14,462) (2,514) (6,122) (31,717)
Interest expense (8,289) (8,951) (25,687) (27,136)
Foreign exchange loss (15,333) (13,266) (5,720) (11,299)
Other income 755 2,587 6,331 7,471
Loss before income taxes (37,329) (22,144) (31,198) (62,681)
Provision (benefit) for income taxes 283 (5,127) 3,194 (15,645)
Net loss (37,612) (17,017) (34,392) (47,036)
Net loss attributable to noncontrolling interests (6,136) (7,950) (9,919) (19,621)
Net loss attributable to Titan $ (31,476) $ (9,067) $ (24,473) $ (27,415)
Earnings (loss) per common share:        
Basic (in dollars per share) $ (0.79) $ (0.47) $ (0.67) $ (0.85)
Diluted (in dollars per share) $ (0.79) $ (0.47) $ (0.67) $ (0.85)
Average common shares outstanding:        
Basic (in shares) 53,707 53,497 53,685 53,484
Diluted (in shares) 53,707 53,497 53,685 53,484
Dividends declared per common share: $ 0.005 $ 0.005 $ 0.015 $ 0.015