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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net sales $ 330,214 $ 376,067 $ 652,008 $ 778,126
Cost of sales 285,139 325,014 575,045 684,279
Gross profit 45,075 51,053 76,963 93,847
Selling, general & administrative expenses 36,302 37,848 71,364 73,522
Research and development expenses 2,714 2,779 5,193 5,865
Royalty expense 2,109 2,895 4,403 6,120
Loss from operations 3,950 7,531 (3,997) 8,340
Interest expense (7,982) (8,642) (16,494) (17,398)
Foreign exchange loss 2,182 3,647 7,005 9,613
Other income 3,049 3,259 6,954 5,576
Loss before income taxes 1,199 5,795 (6,532) 6,131
Provision (benefit) for income taxes 3,648 1,515 4,652 2,911
Net loss (2,449) 4,280 (11,184) 3,220
Net loss attributable to noncontrolling interests (550) (2,491) (133) (3,783)
Net loss attributable to Titan (1,899) 6,771 (11,051) 7,003
Noncontrolling Interest, Change in Redemption Value 1,900 (2,580) 7,108 350
Net Income (Loss) Available to Common Stockholders, Basic $ (3,799) $ 9,351 $ (18,159) $ 6,653
Earnings (loss) per common share:        
Basic (in dollars per share) $ (0.07) $ 0.17 $ (0.34) $ 0.12
Diluted (in dollars per share) $ (0.07) $ 0.17 $ (0.34) $ 0.12
Average common shares outstanding:        
Basic (in shares) 53,884 53,686 53,869 53,674
Diluted (in shares) 53,884 59,489 53,869 53,858
Dividends declared per common share: $ 0.005 $ 0.005 $ 0.010 $ 0.010