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OTHER INCOME | 6 Months Ended
--- | ---
Jun. 30, 2015
Other Income and Expenses [Abstract] |
OTHER INCOME, NET | OTHER INCOME Other income consisted of the following (amounts in thousands):
| Three months ended |  | Six months ended
| June 30, |  | June 30,
| 2015 |  | 2014 |  | 2015 |  | 2014
Currency exchange gain | $ | 3,647 |  |  | $ | 3,747 |  |  | $ | 9,613 |  |  | $ | 2,050 |
Interest income | 956 |  |  | 288 |  |  | 1,564 |  |  | 640 |
Wheels India Limited equity income | 867 |  |  | 532 |  |  | 860 |  |  | 950 |
Other income | 706 |  |  | 787 |  |  | 1,571 |  |  | 1,250 |
Discount amortization on prepaid royalty | 472 |  |  | 756 |  |  | 1,083 |  |  | 1,530 |
Building rental income | 258 |  |  | 225 |  |  | 498 |  |  | 431 |
| $ | 6,906 |  |  | $ | 6,335 |  |  | $ | 15,189 |  |  | $ | 6,851 |
During the second quarter of 2015, the Company identified a subsidiary investment which was improperly classified as an intercompany liability. As a result of the correction of this item, the Company reclassified currency translation in other comprehensive income to currency exchange gain in other income. The three and six months ended June 30, 2015, included $5.7 million and $3.1 million, respectively, in currency exchange gain related to this correction. Titan concluded that these amounts are immaterial to the consolidated financial statements for the three and six months ended June 30, 2015.

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.3,6,7,9) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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