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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Net sales $ 402,059 $ 538,940
Cost of sales 359,265 484,390
Gross profit 42,794 54,550
Selling, general & administrative expenses 35,674 46,835
Research and development expenses 3,086 3,710
Royalty expense 3,225 3,741
Income from operations 809 264
Interest expense (8,756) (9,259)
Other income 8,283 516
Income (loss) before income taxes 336 (8,479)
Provision (benefit) for income taxes 1,396 (3,351)
Net loss (1,060) (5,128)
Net loss attributable to noncontrolling interests (1,292) (7,291)
Net income attributable to Titan $ 232 $ 2,163
Earnings (loss) per common share:    
Basic (in dollars per share) $ (0.05) $ 0.02
Diluted (in dollars per share) $ (0.05) $ 0.02
Average common shares outstanding:    
Basic (in shares) 53,663 53,470
Diluted (in shares) 53,663 53,774
Dividends declared per common share: $ 0.005 $ 0.005