SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Tables)

6 Months Ended

Jun. 30, 2016

SUBSIDIARY GUARANTOR FINANCIAL INFORMATION [Abstract]

Condensed Financial Information, Condensed Statement of Operations [Table Text Block]



(Amounts in thousands)	Consolidating Condensed Statements of Operations For the Three Months Ended June 30, 2016
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	126,140	$	204,074		$	—		$	330,214
Cost of sales	77			104,378		180,684			—			285,139
Gross profit (loss)	(77		)	21,762		23,390			—			45,075
Selling, general and administrative expenses	2,969			15,787		17,546			—			36,302
Research and development expenses	—			677		2,037			—			2,714
Royalty expense	125			1,080		904			—			2,109
Income (loss) from operations	(3,171		)	4,218		2,903			—			3,950
Interest expense	(7,811		)	—		(171		)	—			(7,982		)
Intercompany interest income (expense)	363			—		(363		)	—			—
Foreign exchange gain	—			204		1,978			—			2,182
Other income	245			74		2,730			—			3,049
Income (loss) before income taxes	(10,374		)	4,496		7,077			—			1,199
Provision (benefit) for income taxes	(648		)	1,674		2,622			—			3,648
Equity in earnings of subsidiaries	7,277			—		(200		)	(7,077		)	—
Net income (loss)	(2,449		)	2,822		4,255			(7,077		)	(2,449		)
Net loss noncontrolling interests	—			—		(550		)	—			(550		)
Net income (loss) attributable to Titan	$	(2,449	)	$	2,822	$	4,805		$	(7,077	)	$	(1,899	)



(Amounts in thousands)	Consolidating Condensed Statements of Operations For the Three Months Ended June 30, 2015
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	173,334		$	202,733		$	—		$	376,067
Cost of sales	207			141,328			183,479			—			325,014
Gross profit (loss)	(207		)	32,006			19,254			—			51,053
Selling, general and administrative expenses	2,617			16,757			18,474			—			37,848
Research and development expenses	—			805			1,974			—			2,779
Royalty expense	—			1,832			1,063			—			2,895
Income (loss) from operations	(2,824		)	12,612			(2,257		)	—			7,531
Interest expense	(8,094		)	(1		)	(547		)	—			(8,642		)
Intercompany interest income (expense)	248			—			(248		)	—			—
Foreign exchange gain (loss)	(1,425		)	(80		)	5,152						3,647
Other income	1,032			83			2,144			—			3,259
Income (loss) before income taxes	(11,063		)	12,614			4,244			—			5,795
Provision (benefit) for income taxes	(5,787		)	4,796			2,506			—			1,515
Equity in earnings of subsidiaries	9,556			—			3,535			(13,091		)	—
Net income (loss)	4,280			7,818			5,273			(13,091		)	4,280
Net loss noncontrolling interests	—			—			(2,491		)	—			(2,491		)
Net income (loss) attributable to Titan	$	4,280		$	7,818		$	7,764		$	(13,091	)	$	6,771



(Amounts in thousands)	Consolidating Condensed Statements of Operations For the Six Months Ended June 30, 2016
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	270,174	$	381,834		$	—		$	652,008
Cost of sales	572			229,524		344,949			—			575,045
Gross profit (loss)	(572		)	40,650		36,885			—			76,963
Selling, general and administrative expenses	5,351			32,473		33,540			—			71,364
Research and development expenses	—			1,445		3,748			—			5,193
Royalty expense	417			2,276		1,710			—			4,403
Income (loss) from operations	(6,340		)	4,456		(2,113		)	—			(3,997		)
Interest expense	(16,094		)	—		(400		)	—			(16,494		)
Intercompany interest income (expense)	652			—		(652		)	—			—
Foreign exchange gain	—			203		6,802			—			7,005
Other income	608			158		6,188			—			6,954
Income (loss) before income taxes	(21,174		)	4,817		9,825			—			(6,532		)
Provision (benefit) for income taxes	(270		)	1,865		3,057			—			4,652
Equity in earnings of subsidiaries	9,720			—		(2,206		)	(7,514		)	—
Net income (loss)	(11,184		)	2,952		4,562			(7,514		)	(11,184		)
Net loss noncontrolling interests	—			—		(133		)	—			(133		)
Net income (loss) attributable to Titan	$	(11,184	)	$	2,952	$	4,695		$	(7,514	)	$	(11,051	)



(Amounts in thousands)	Consolidating Condensed Statements of Operations For the Six Months Ended June 30, 2015
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	367,307		$	410,819		$	—		$	778,126
Cost of sales	438			309,279			374,562			—			684,279
Gross profit (loss)	(438		)	58,028			36,257			—			93,847
Selling, general and administrative expenses	5,251			32,136			36,135			—			73,522
Research and development expenses	—			1,805			4,060			—			5,865
Royalty expense	—			3,756			2,364			—			6,120
Income (loss) from operations	(5,689		)	20,331			(6,302		)	—			8,340
Interest expense	(16,209		)	(1		)	(1,188		)	—			(17,398		)
Intercompany interest income (expense)	390			—			(390		)	—			—
Foreign exchange gain (loss)	3,090			(421		)	6,944						9,613
Other income	1,914			45			3,617			—			5,576
Income (loss) before income taxes	(16,504		)	19,954			2,681			—			6,131
Provision (benefit) for income taxes	(3,398		)	7,489			(1,180		)	—			2,911
Equity in earnings of subsidiaries	16,326			—			3,372			(19,698		)	—
Net income (loss)	3,220			12,465			7,233			(19,698		)	3,220
Net loss noncontrolling interests	—			—			(3,783		)	—			(3,783		)
Net income (loss) attributable to Titan	$	3,220		$	12,465		$	11,016		$	(19,698	)	$	7,003

Condensed Financial Information, Condensed Statement of Comprehensive Income [Table Text Block]



(Amounts in thousands)	Consolidating Condensed Statements of Comprehensive Income (Loss) For the Three Months Ended June 30, 2016
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(2,449	)	$	2,822	$	4,255		$	(7,077	)	$	(2,449	)
Currency translation adjustment, net	4,346			—		4,346			(4,346		)	4,346
Pension liability adjustments, net of tax	448			734		(447		)	(287		)	448
Comprehensive income (loss)	2,345			3,556		8,154			(11,710		)	2,345
Net comprehensive income attributable to redeemable and noncontrolling interests	—			—		706			—			706
Comprehensive income (loss) attributable to Titan	$	2,345		$	3,556	$	7,448		$	(11,710	)	$	1,639



(Amounts in thousands)	Consolidating Condensed Statements of Comprehensive Income (Loss) For the Three Months Ended June 30, 2015
	Titan Intl., Inc. (Parent)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	4,280	$	7,818	$	5,273		$	(13,091	)	$	4,280
Currency translation adjustment, net	4,436		—		4,436			(4,436		)	4,436
Pension liability adjustments, net of tax	1,488		427		1,061			(1,488		)	1,488
Comprehensive income (loss)	10,204		8,245		10,770			(19,015		)	10,204
Net comprehensive loss attributable to redeemable and noncontrolling interests	—		—		(1,904		)	—			(1,904		)
Comprehensive income (loss) attributable to Titan	$	10,204	$	8,245	$	12,674		$	(19,015	)	$	12,108



(Amounts in thousands)	Consolidating Condensed Statements of Comprehensive Income (Loss) For the Six Months Ended June 30, 2016
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(11,184	)	$	2,952	$	4,562		$	(7,514	)	$	(11,184	)
Currency translation adjustment, net	21,931			—		(21,931		)	21,931			21,931
Pension liability adjustments, net of tax	735			1,469		(734		)	(735		)	735
Comprehensive income (loss)	11,482			4,421		(18,103		)	13,682			11,482
Net comprehensive income attributable to redeemable and noncontrolling interests	—			—		6,106			—			6,106
Comprehensive income (loss) attributable to Titan	$	11,482		$	4,421	$	(24,209	)	$	13,682		$	5,376



(Amounts in thousands)	Consolidating Condensed Statements of Comprehensive Income (Loss) For the Six Months Ended June 30, 2015
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	3,220		$	12,465	$	7,233		$	(19,698	)	$	3,220
Currency translation adjustment, net	(40,950		)	—		(40,950		)	40,950			(40,950		)
Pension liability adjustments, net of tax	1,497			854		643			(1,497		)	1,497
Comprehensive income (loss)	(36,233		)	13,319		(33,074		)	19,755			(36,233		)
Net comprehensive loss attributable to redeemable and noncontrolling interests	—			—		(4,917		)	—			(4,917		)
Comprehensive income (loss) attributable to Titan	$	(36,233	)	$	13,319	$	(28,157	)	$	19,755		$	(31,316	)

Condensed Financial Information, Condensed Balance Sheet [Table Text Block]



(Amounts in thousands)	Consolidating Condensed Balance Sheets June 30, 2016
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Cash and cash equivalents	$	135,227		$	4		$	72,007		$	—		$	207,238
Accounts receivable, net	(6		)	54,413			142,311			—			196,718
Inventories	—			69,592			204,152			—			273,744
Prepaid and other current assets	8,879			22,197			41,276			—			72,352
Total current assets	144,100			146,206			459,746			—			750,052
Property, plant and equipment, net	6,198			130,394			312,880			—			449,472
Investment in subsidiaries	750,948			—			95,657			(846,605		)	—
Other assets	24,825			1,118			83,005			—			108,948
Total assets	$	926,071		$	277,718		$	951,288		$	(846,605	)	$	1,308,472
Liabilities and Stockholders’ Equity
Short-term debt	$	59,994		$	—		$	29,044		$	—		$	89,038
Accounts payable	1,549			14,075			129,944			—			145,568
Other current liabilities	28,377			36,855			57,020			—			122,252
Total current liabilities	89,920			50,930			216,008			—			356,858
Long-term debt	395,377			—			19,193			—			414,570
Other long-term liabilities	28,977			18,711			55,344			—			103,032
Intercompany accounts	67,758			(293,862		)	226,104			—			—
Redeemable noncontrolling interest	—			—			100,777			—			100,777
Titan stockholders' equity	344,039			501,939			336,120			(846,605		)	335,493
Noncontrolling interests	—			—			(2,258		)	—			(2,258		)
Total liabilities and stockholders’ equity	$	926,071		$	277,718		$	951,288		$	(846,605	)	$	1,308,472



(Amounts in thousands)	Consolidating Condensed Balance Sheets December 31, 2015
	Titan Intl., Inc. (Parent)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Cash and cash equivalents	$	142,401	$	4		$	57,783		$	—		$	200,188
Accounts receivable, net	—		59,933			117,456			—			177,389
Inventories	—		81,993			187,798			—			269,791
Prepaid and other current assets	11,101		21,133			30,399			—			62,633
Total current assets	153,502		163,063			393,436			—			710,001
Property, plant and equipment, net	8,015		138,351			303,654			—			450,020
Investment in subsidiaries	724,676		—			98,660			(823,336		)	—
Other assets	29,180		1,181			79,848			—			110,209
Total assets	$	915,373	$	302,595		$	875,598		$	(823,336	)	$	1,270,230
Liabilities and Stockholders’ Equity
Short-term debt	$	—	$	—		$	31,222		$	—		$	31,222
Accounts payable	2,215		12,386			108,553			—			123,154
Other current liabilities	30,466		41,818			43,437			—			115,721
Total current liabilities	32,681		54,204			183,212			—			270,097
Long-term debt	455,200		—			20,243			—			475,443
Other long-term liabilities	29,881		20,628			52,324			—			102,833
Intercompany accounts	52,552		(271,930		)	219,378			—			—
Redeemable noncontrolling interest	—		—			77,174			—			77,174
Titan stockholders' equity	345,059		499,693			323,643			(823,336		)	345,059
Noncontrolling interests	—		—			(376		)	—			(376		)
Total liabilities and stockholders’ equity	$	915,373	$	302,595		$	875,598		$	(823,336	)	$	1,270,230

Condensed Financial Information, Condensed Statement of Cash Flows [Table Text Block]



(Amounts in thousands)	Consolidating Condensed Statements of Cash Flows For the Six Months Ended June 30, 2016
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by (used for) operating activities	$	(7,085	)	$	4,255		$	32,502		$	29,672
Cash flows from investing activities:
Capital expenditures	451			(4,304		)	(14,197		)	(18,050		)
Other, net	—			49			1,245			1,294
Net cash provided by (used for) investing activities	451			(4,255		)	(12,952		)	(16,756		)
Cash flows from financing activities:
Proceeds from borrowings	—			—			1,559			1,559
Payment on debt	—			—			(10,248		)	(10,248		)
Dividends paid	(540		)	—			—			(540		)
Net cash used for financing activities	(540		)	—			(8,689		)	(9,229		)
Effect of exchange rate change on cash	—			—			3,363			3,363
Net increase (decrease) in cash and cash equivalents	(7,174		)	—			14,224			7,050
Cash and cash equivalents, beginning of period	142,401			4			57,783			200,188
Cash and cash equivalents, end of period	$	135,227		$	4		$	72,007		$	207,238



(Amounts in thousands)	Consolidating Condensed Statements of Cash Flows For the Six Months Ended June 30, 2015
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by (used for) operating activities	$	(478	)	$	2,769		$	5,551		$	7,842
Cash flows from investing activities:
Capital expenditures	(412		)	(2,799		)	(19,294		)	(22,505		)
Other, net	—			30			2,678			2,708
Net cash used for investing activities	(412		)	(2,769		)	(16,616		)	(19,797		)
Cash flows from financing activities:
Proceeds from borrowings	—			—			13,239			13,239
Payment on debt	—			—			(8,517		)	(8,517		)
Proceeds from exercise of stock options	144			—			—			144
Excess tax benefit from stock-based compensation	(538		)	—			—			(538		)
Dividends paid	(538		)	—			—			(538		)
Net cash provided by (used for) financing activities	(932		)	—			4,722			3,790
Effect of exchange rate change on cash	—			—			(5,802		)	(5,802		)
Net decrease in cash and cash equivalents	(1,822		)	—			(12,145		)	(13,967		)
Cash and cash equivalents, beginning of period	129,985			4			71,462			201,451
Cash and cash equivalents, end of period	$	128,163		$	4		$	59,317		$	187,484