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RESTATEMENT (Notes) | 6 Months Ended
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Jun. 30, 2015
Error Corrections and Prior Period Adjustments Restatement [Line Items] |
Accounting Changes and Error Corrections [Text Block] | RESTATEMENT In November 2015, the Company identified errors in the accounting for the shareholders' and related redeemable noncontrolling interest in the Company’s investment in Voltyre-Prom. The Company did not correctly classify redeemable noncontrolling interest on the balance sheet as mezzanine equity, which is presented below liabilities and above equity. As the redeemable noncontrolling interest balance exceeds the carrying value of the investment, there is a reclassification of additional paid-in capital to mezzanine equity and a correction in the earnings per share calculation. Accordingly, the Company is restating its earnings per share for the three and six months ended June 30, 2015 and 2014, and its consolidated balance sheet as of June 30, 2015, and December 31, 2014. The corrections had no other effect on the Consolidated Statement of Operations. The following table (unaudited) summarizes the restatement adjustments of the Company’s earnings per share for the three months and six months ended June 30, 2015 and 2014:
| Three months ended |  | Six months ended
| June 30, |  | June 30, |  | June 30, |  | June 30,
| 2015 |  | 2014 |  | 2015 |  | 2014
Basic income (loss) per common share - as reported | $ | 0.13 |  |  | $ | (0.38 | ) |  | $ | 0.13 |  |  | (0.34 | )
Basic income (loss) per common share - as restated | $ | 0.17 |  |  | $ | (0.40 | ) |  | $ | 0.12 |  |  | $ | (0.37 | )
Adjustment | $ | 0.04 |  |  | $ | (0.02 | ) |  | $ | (0.01 | ) |  | $ | (0.03 | )
Diluted income (loss) per common share - as reported | $ | 0.12 |  |  | $ | (0.38 | ) |  | $ | 0.13 |  |  | (0.34 | )
Diluted income (loss) per common share - as restated | $ | 0.17 |  |  | $ | (0.40 | ) |  | $ | 0.12 |  |  | $ | (0.37 | )
Adjustment | $ | 0.05 |  |  | $ | (0.02 | ) |  | $ | (0.01 | ) |  | $ | (0.03 | )
The following table summarizes the restatement adjustments on the Company’s Consolidated Condensed Balance Sheet (unaudited) as of June 30, 2015 (amounts in thousands):
| Consolidated Balance Sheet
| June 30, 2015
| As reported |  | Adjustment |  | As restated
Assets |  |  |  |  |
Current Assets |  |  |  |  |
Cash and cash equivalents | 187,484 |  |  | — |  |  | 187,484 |
Accounts receivable | 224,689 |  |  | — |  |  | 224,689 |
Inventories | 306,087 |  |  | — |  |  | 306,087 |
Deferred income taxes | 13,972 |  |  | — |  |  | 13,972 |
Prepaid and other current assets | 74,786 |  |  | — |  |  | 74,786 |
Total current assets | 807,018 |  |  | — |  |  | 807,018 |
Property, plant and equipment, net | 483,407 |  |  | — |  |  | 483,407 |
Deferred income taxes | 18,303 |  |  | — |  |  | 18,303 |
Other assets | 111,686 |  |  | — |  |  | 111,686 |
Total assets | $ | 1,420,414 |  |  | $ | — |  |  | $ | 1,420,414 |
Liabilities |  |  |  |  |
Current Liabilities |  |  |  |  |
Short-term debt | $ | 25,068 |  |  | $ | — |  |  | $ | 25,068 |
Accounts payable | 135,758 |  |  | — |  |  | 135,758 |
Other current liabilities | 121,967 |  |  | — |  |  | 121,967 |
Total current liabilities | 282,793 |  |  | — |  |  | 282,793 |
Long-term debt | 495,273 |  |  | — |  |  | 495,273 |
Deferred income taxes | 3,524 |  |  | — |  |  | 3,524 |
Other long-term liabilities | 84,330 |  |  | — |  |  | 84,330 |
Total liabilities | 865,920 |  |  | — |  |  | 865,920 |
Redeemable noncontrolling interest | — |  |  | 70,511 |  |  | 70,511 |
Equity |  |  |  |  |
Titan stockholders' equity |  |  |  |  |
Common stock | — |  |  | — |  |  | — |
Additional paid-in capital | 563,227 |  |  | (49,627 | ) |  | 513,600 |
Retained earnings | 132,472 |  |  | — |  |  | 132,472 |
Treasury stock | (13,508 | ) |  | — |  |  | (13,508 | )
Treasury stock reserved for deferred comp | (1,075 | ) |  | — |  |  | (1,075 | )
Accumulated other comprehensive loss | (150,923 | ) |  | — |  |  | (150,923 | )
Total Titan stockholders' equity | 530,193 |  |  | (49,627 | ) |  | 480,566 |
Noncontrolling interests | 24,301 |  |  | (20,884 | ) |  | 3,417 |
Total equity | 554,494 |  |  | (70,511 | ) |  | 483,983 |
Total liabilities and equity | $ | 1,420,414 |  |  | $ | — |  |  | $ | 1,420,414 |
The following table summarizes the restatement adjustments on the Company’s Consolidated Balance Sheet as of December 31, 2014 (amounts in thousands):
| Consolidated Balance Sheet
| December 31, 2014
| As reported |  | Adjustment |  | As restated
Assets |  |  |  |  |
Current Assets |  |  |  |  |
Cash and cash equivalents | $ | 201,451 |  |  | $ | — |  |  | $ | 201,451 |
Accounts receivable | 199,378 |  |  | — |  |  | 199,378 |
Inventories | 331,432 |  |  | — |  |  | 331,432 |
Deferred income taxes | 23,435 |  |  | — |  |  | 23,435 |
Prepaid and other current assets | 80,234 |  |  | — |  |  | 80,234 |
Total current assets | 835,930 |  |  | — |  |  | 835,930 |
Property, plant and equipment, net | 527,414 |  |  | — |  |  | 527,414 |
Deferred income taxes | 15,623 |  |  | — |  |  | 15,623 |
Other assets | 116,757 |  |  | — |  |  | 116,757 |
Total assets | $ | 1,495,724 |  |  | $ | — |  |  | $ | 1,495,724 |
Liabilities |  |  |  |  |
Current Liabilities |  |  |  |  |
Short-term debt | $ | 26,233 |  |  | $ | — |  |  | $ | 26,233 |
Accounts payable | 146,305 |  |  | — |  |  | 146,305 |
Other current liabilities | 129,018 |  |  | — |  |  | 129,018 |
Total current liabilities | 301,556 |  |  | — |  |  | 301,556 |
Long-term debt | 496,503 |  |  | — |  |  | 496,503 |
Deferred income taxes | 18,582 |  |  | — |  |  | 18,582 |
Other long-term liabilities | 89,025 |  |  | — |  |  | 89,025 |
Total liabilities | 905,666 |  |  | — |  |  | 905,666 |
Redeemable noncontrolling interest | — |  |  | 71,192 |  |  | 71,192 |
Equity |  |  |  |  |
Titan stockholders' equity |  |  |  |  |
Common stock | — |  |  | — |  |  | — |
Additional paid-in capital | 562,367 |  |  | (49,277 | ) |  | 513,090 |
Retained earnings | 126,007 |  |  | — |  |  | 126,007 |
Treasury stock | (13,897 | ) |  | — |  |  | (13,897 | )
Treasury stock reserved for deferred comp | (1,075 | ) |  | — |  |  | (1,075 | )
Accumulated other comprehensive loss | (112,630 | ) |  | — |  |  | (112,630 | )
Total Titan stockholders' equity | 560,772 |  |  | (49,277 | ) |  | 511,495 |
Noncontrolling interests | 29,286 |  |  | (21,915 | ) |  | 7,371 |
Total equity | 590,058 |  |  | (71,192 | ) |  | 518,866 |
Total liabilities and equity | $ | 1,495,724 |  |  | $ | — |  |  | $ | 1,495,724 |

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- Definition The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22644-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 45 -Paragraph 23 -URI http://asc.fasb.org/extlink&oid=6368906&loc=d3e21914-107793 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22595-107794 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22499-107794 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 1.N.Q3) -URI http://asc.fasb.org/extlink&oid=26874127&loc=d3e30840-122693 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 1 -Section N + Details
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