SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Tables)

9 Months Ended

Sep. 30, 2015

SUBSIDIARY GUARANTOR FINANCIAL INFORMATION [Abstract]

Condensed Financial Information, Condensed Statement of Operations [Table Text Block]



(Amounts in thousands)	Consolidating Condensed Statements of Operations For the Three Months Ended September 30, 2015
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net sales	$	—		$	138,638		$	170,198		$	—	$	308,836
Cost of sales	196			123,052			159,435			—		282,683
Gross profit (loss)	(196		)	15,586			10,763			—		26,153
Selling, general and administrative expenses	2,118			17,490			15,904			—		35,512
Research and development expenses	—			854			2,128			—		2,982
Royalty expense	—			1,354			767			—		2,121
Loss from operations	(2,314		)	(4,112		)	(8,036		)	—		(14,462		)
Interest expense	(8,041		)	—			(248		)	—		(8,289		)
Intercompany interest income (expense)	214			—			(214		)	—		—
Foreign exchange gain (loss)	182			(1		)	(15,514		)	—		(15,333		)
Other income (expense)	(410		)	42			1,123			—		755
Loss before income taxes	(10,369		)	(4,071		)	(22,889		)	—		(37,329		)
Provision (benefit) for income taxes	3,429			(1,571		)	(1,575		)	—		283
Equity in earnings of subsidiaries	(23,814		)	—			(4,353		)	28,167		—
Net income (loss)	(37,612		)	(2,500		)	(25,667		)	28,167		(37,612		)
Net loss noncontrolling interests	—			—			(6,136		)	—		(6,136		)
Net income (loss) attributable to Titan	$	(37,612	)	$	(2,500	)	$	(19,531	)	$	28,167	$	(31,476	)



(Amounts in thousands)	Consolidating Condensed Statements of Operations For the Three Months Ended September 30, 2014
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net sales	$	—		$	204,222	$	245,357		$	—	$	449,579
Cost of sales	206			180,643		225,091			—		405,940
Gross profit (loss)	(206		)	23,579		20,266			—		43,639
Selling, general and administrative expenses	2,032			15,364		21,835			—		39,231
Research and development expenses	—			1,024		2,223			—		3,247
Royalty expense	—			1,924		1,751			—		3,675
Income (loss) from operations	(2,238		)	5,267		(5,543		)	—		(2,514		)
Interest expense	(8,128		)	—		(823		)	—		(8,951		)
Intercompany interest income (expense)	1,661			—		(1,661		)	—		—
Foreign exchange loss	(22		)			(13,244		)			(13,266		)
Other income	832			1		1,754			—		2,587
Income (loss) before income taxes	(7,895		)	5,268		(19,517		)	—		(22,144		)
Provision (benefit) for income taxes	(5,050		)	2,115		(2,192		)	—		(5,127		)
Equity in earnings of subsidiaries	(14,172		)	—		(1,659		)	15,831		—
Net income (loss)	(17,017		)	3,153		(18,984		)	15,831		(17,017		)
Net loss noncontrolling interests	—			—		(7,950		)	—		(7,950		)
Net income (loss) attributable to Titan	$	(17,017	)	$	3,153	$	(11,034	)	$	15,831	$	(9,067	)



(Amounts in thousands)	Consolidating Condensed Statements of Operations For the Nine Months Ended September 30, 2015
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net sales	$	—		$	505,945		$	581,017		$	—	$	1,086,962
Cost of sales	634			432,331			533,997			—		966,962
Gross profit (loss)	(634		)	73,614			47,020			—		120,000
Selling, general and administrative expenses	7,369			49,626			52,039			—		109,034
Research and development expenses	—			2,659			6,188			—		8,847
Royalty expense	—			5,110			3,131			—		8,241
Income (loss) from operations	(8,003		)	16,219			(14,338		)	—		(6,122		)
Interest expense	(24,250		)	(1		)	(1,436		)	—		(25,687		)
Intercompany interest income (expense)	604			—			(604		)	—		—
Foreign exchange gain (loss)	3,272			(422		)	(8,570		)			(5,720		)
Other income	1,504			87			4,740			—		6,331
Income (loss) before income taxes	(26,873		)	15,883			(20,208		)	—		(31,198		)
Provision (benefit) for income taxes	31			5,918			(2,755		)	—		3,194
Equity in earnings of subsidiaries	(7,488		)	—			(981		)	8,469		—
Net income (loss)	(34,392		)	9,965			(18,434		)	8,469		(34,392		)
Net loss noncontrolling interests	—			—			(9,919		)	—		(9,919		)
Net income (loss) attributable to Titan	$	(34,392	)	$	9,965		$	(8,515	)	$	8,469	$	(24,473	)



(Amounts in thousands)	Consolidating Condensed Statements of Operations For the Nine Months Ended September 30, 2014
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net sales	$	—		$	712,844		$	799,406		$	—	$	1,512,250
Cost of sales	719			650,797			744,345			—		1,395,861
Gross profit (loss)	(719		)	62,047			55,061			—		116,389
Selling, general and administrative expenses	6,064			51,965			67,913			—		125,942
Research and development expenses	72			4,391			6,455			—		10,918
Royalty expense	—			5,698			5,548			—		11,246
Loss from operations	(6,855		)	(7		)	(24,855		)	—		(31,717		)
Interest expense	(24,645		)	—			(2,491		)	—		(27,136		)
Intercompany interest income (expense)	4,963			—			(4,963		)	—		—
Foreign exchange loss	(8		)	—			(11,291		)			(11,299		)
Other income	2,352			49			5,070			—		7,471
Income (loss) before income taxes	(24,193		)	42			(38,530		)	—		(62,681		)
Provision (benefit) for income taxes	(11,021		)	488			(5,112		)	—		(15,645		)
Equity in earnings of subsidiaries	(33,864		)	—			(20,540		)	54,404		—
Net income (loss)	(47,036		)	(446		)	(53,958		)	54,404		(47,036		)
Net loss noncontrolling interests	—			—			(19,621		)	—		(19,621		)
Net income (loss) attributable to Titan	$	(47,036	)	$	(446	)	$	(34,337	)	$	54,404	$	(27,415	)

Condensed Financial Information, Condensed Statement of Comprehensive Income [Table Text Block]



(Amounts in thousands)	Consolidating Condensed Statements of Comprehensive Income (Loss) For the Three Months Ended September 30, 2015
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(37,612	)	$	(2,500	)	$	(25,667	)	$	28,167		$	(37,612	)
Currency translation adjustment, net	(28,444		)	—			(28,444		)	28,444			(28,444		)
Pension liability adjustments, net of tax	472			427			45			(472		)	472
Comprehensive income (loss)	(65,584		)	(2,073		)	(54,066		)	56,139			(65,584		)
Net comprehensive loss attributable to redeemable and noncontrolling interests	—			—			(8,233		)	—			(8,233		)
Comprehensive income (loss) attributable to Titan	$	(65,584	)	$	(2,073	)	$	(45,833	)	$	56,139		$	(57,351	)



(Amounts in thousands)	Consolidating Condensed Statements of Comprehensive Income (Loss) For the Three Months Ended September 30, 2014
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(17,017	)	$	3,153	$	(18,984	)	$	15,831		$	(17,017	)
Currency translation adjustment, net	(40,174		)	—		(40,174		)	40,174			(40,174		)
Pension liability adjustments, net of tax	42			450		(408		)	(42		)	42
Comprehensive income (loss)	(57,149		)	3,603		(59,566		)	55,963			(57,149		)
Net comprehensive loss attributable to redeemable and noncontrolling interests	—			—		(17,002		)	—			(17,002		)
Comprehensive income (loss) attributable to Titan	$	(57,149	)	$	3,603	$	(42,564	)	$	55,963		$	(40,147	)



(Amounts in thousands)	Consolidating Condensed Statements of Comprehensive Income (Loss) For the Nine Months Ended September 30, 2015
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(34,392	)	$	9,965	$	(18,434	)	$	8,469		$	(34,392	)
Currency translation adjustment, net	(69,394		)	—		(69,394		)	69,394			(69,394		)
Pension liability adjustments, net of tax	1,969			1,281		688			(1,969		)	1,969
Comprehensive income (loss)	(101,817		)	11,246		(87,140		)	75,894			(101,817		)
Net comprehensive loss attributable to redeemable and noncontrolling interests	—			—		(13,150		)	—			(13,150		)
Comprehensive income (loss) attributable to Titan	$	(101,817	)	$	11,246	$	(73,990	)	$	75,894		$	(88,667	)



(Amounts in thousands)	Consolidating Condensed Statements of Comprehensive Income (Loss) For the Nine Months Ended September 30, 2014
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(47,036	)	$	(446	)	$	(53,958	)	$	54,404		$	(47,036	)
Currency translation adjustment, net	(31,960		)	—			(31,960		)	31,960			(31,960		)
Pension liability adjustments, net of tax	787			1,350			(563		)	(787		)	787
Comprehensive income (loss)	(78,209		)	904			(86,481		)	85,577			(78,209		)
Net comprehensive loss attributable to redeemable and noncontrolling interests	—			—			(30,247		)	—			(30,247		)
Comprehensive income (loss) attributable to Titan	$	(78,209	)	$	904		$	(56,234	)	$	85,577		$	(47,962	)

Condensed Financial Information, Condensed Balance Sheet [Table Text Block]



(Amounts in thousands)	Consolidating Condensed Balance Sheets September 30, 2015
	Titan Intl., Inc. (Parent)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	137,024	$	4		$	56,784	$	—		$	193,812
Accounts receivable, net	—		64,700			119,055		—			183,755
Inventories	—		94,431			192,704		—			287,135
Prepaid and other current assets	13,437		22,857			49,708		—			86,002
Total current assets	150,461		181,992			418,251		—			750,704
Property, plant and equipment, net	7,755		143,468			308,127		—			459,350
Investment in subsidiaries	745,714		—			110,309		(856,023		)	—
Other assets	52,766		1,197			72,735		—			126,698
Total assets	$	956,696	$	326,657		$	909,422	$	(856,023	)	$	1,336,752
Liabilities and Stockholders’ Equity
Short-term debt	$	—	$	—		$	21,038	$	—		$	21,038
Accounts payable	1,634		10,859			115,505		—			127,998
Other current liabilities	37,698		39,214			46,054		—			122,966
Total current liabilities	39,332		50,073			182,597		—			272,002
Long-term debt	460,161		—			32,281		—			492,442
Other long-term liabilities	9,569		18,166			55,586		—			83,321
Intercompany accounts	35,393		(253,160		)	217,767		—			—
Redeemable noncontrolling interest	—		—			75,615		—			75,615
Titan stockholders' equity	412,241		511,578			344,445		(856,023		)	412,241
Noncontrolling interests	—		—			1,131		—			1,131
Total liabilities and stockholders’ equity	$	956,696	$	326,657		$	909,422	$	(856,023	)	$	1,336,752



(Amounts in thousands)	Consolidating Condensed Balance Sheets December 31, 2014
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(As restated)						(As restated)					(As restated)
Assets
Cash and cash equivalents	$	129,985		$	4		$	71,462	$	—		$	201,451
Accounts receivable, net	(55		)	63,645			135,788		—			199,378
Inventories	—			103,230			228,202		—			331,432
Prepaid and other current assets	26,803			21,105			55,761		—			103,669
Total current assets	156,733			187,984			491,213		—			835,930
Property, plant and equipment, net	7,590			160,318			359,506		—			527,414
Investment in subsidiaries	745,084			—			109,768		(854,852		)	—
Other assets	51,381			827			80,172		—			132,380
Total assets	$	960,788		$	349,129		$	1,040,659	$	(854,852	)	$	1,495,724
Liabilities and Stockholders’ Equity
Short-term debt	$	—		$	—		$	26,233	$	—		$	26,233
Accounts payable	1,795			10,876			133,634		—			146,305
Other current liabilities	28,519			45,291			55,208		—			129,018
Total current liabilities	30,314			56,167			215,075		—			301,556
Long-term debt	460,161			—			36,342		—			496,503
Other long-term liabilities	15,244			20,867			71,496		—			107,607
Intercompany accounts	(56,426		)	(228,307		)	284,733		—			—
Redeemable noncontrolling interest	—			—			71,192		—			71,192
Titan stockholders' equity	511,495			500,402			354,450		(854,852		)	511,495
Noncontrolling interests	—			—			7,371		—			7,371
Total liabilities and stockholders’ equity	$	960,788		$	349,129		$	1,040,659	$	(854,852	)	$	1,495,724

Condensed Financial Information, Condensed Statement of Cash Flows [Table Text Block]



(Amounts in thousands)	Consolidating Condensed Statements of Cash Flows For the Nine Months Ended September 30, 2015
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by operating activities	$	9,581		$	4,532		$	16,423		$	30,536
Cash flows from investing activities:
Capital expenditures	(1,121		)	(4,562		)	(29,530		)	(35,213		)
Other, net	—			30			4,287			4,317
Net cash used for investing activities	(1,121		)	(4,532		)	(25,243		)	(30,896		)
Cash flows from financing activities:
Proceeds from borrowings	—			—			14,566			14,566
Payment on debt	—			—			(11,382		)	(11,382		)
Proceeds from exercise of stock options	144			—			—			144
Excess tax benefit from stock-based compensation	(758		)	—			—			(758		)
Dividends paid	(807		)	—			—			(807		)
Net cash provided by (used for) financing activities	(1,421		)	—			3,184			1,763
Effect of exchange rate change on cash	—			—			(9,042		)	(9,042		)
Net decrease in cash and cash equivalents	7,039			—			(14,678		)	(7,639		)
Cash and cash equivalents, beginning of period	129,985			4			71,462			201,451
Cash and cash equivalents, end of period	$	137,024		$	4		$	56,784		$	193,812



(Amounts in thousands)	Consolidating Condensed Statements of Cash Flows For the Nine Months Ended September 30, 2014
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by operating activities	$	28,013		$	6,481		$	42,853		$	77,347
Cash flows from investing activities:
Capital expenditures	(766		)	(6,841		)	(38,722		)	(46,329		)
Acquisition of additional interest	(49		)	—			(13,346		)	(13,395		)
Decrease in restricted cash deposits	—			—			14,268			14,268
Other, net	—			360			4,250			4,610
Net cash used for investing activities	(815		)	(6,481		)	(33,550		)	(40,846		)
Cash flows from financing activities:
Proceeds from borrowings	—			—			14,914			14,914
Payment on debt	—			—			(60,359		)	(60,359		)
Proceeds from exercise of stock options	141			—			—			141
Excess tax benefit from stock-based compensation	(51		)	—			—			(51		)
Payment of financing fees	(33		)	—			—			(33		)
Dividends paid	(804		)	—			—			(804		)
Net cash provided by (used for) financing activities	(747		)	—			(45,445		)	(46,192		)
Effect of exchange rate change on cash	—			—			602			602
Net increase (decrease) in cash and cash equivalents	26,451			—			(35,540		)	(9,089		)
Cash and cash equivalents, beginning of period	81,472			4			107,884			189,360
Cash and cash equivalents, end of period	$	107,923		$	4		$	72,344		$	180,271