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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Net sales $ 321,794 $ 402,059
Cost of sales 289,906 359,265
Gross profit 31,888 42,794
Selling, general & administrative expenses 35,062 35,674
Research and development expenses 2,479 3,086
Royalty expense 2,294 3,225
Loss from operations (7,947) 809
Interest expense (8,512) (8,756)
Foreign exchange loss 4,823 5,966
Other income 3,905 2,317
Loss before income taxes (7,731) 336
Provision (benefit) for income taxes 1,004 1,396
Net loss (8,735) (1,060)
Net loss attributable to noncontrolling interests 417 (1,292)
Net loss attributable to Titan (9,152) 232
Noncontrolling Interest, Change in Redemption Value 5,208 2,930
Net Income (Loss) Available to Common Stockholders, Basic $ (14,360) $ (2,698)
Earnings (loss) per common share:    
Earnings Per Share, Basic and Diluted $ (0.27) $ (0.05)
Diluted (in dollars per share) $ (0.27) $ (0.05)
Average common shares outstanding:    
Basic (in shares) 53,854 53,663
Diluted (in shares) 53,854 53,663
Dividends declared per common share: $ 0.005 $ 0.005