XML 79 R68.htm IDEA: XBRL DOCUMENT v3.5.0.2
SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]            
Net sales $ 330,214 $ 376,067 $ 652,008 $ 778,126    
Cost of Goods Sold 285,139 325,014 575,045 684,279    
Gross profit (loss) 45,075 51,053 76,963 93,847    
Selling, General and Administrative Expense 36,302 37,848 71,364 73,522    
Research and Development Expense 2,714 2,779 5,193 5,865    
Royalty Expense 2,109 2,895 4,403 6,120    
Operating Income (Loss) 3,950 7,531 (3,997) 8,340    
Interest expense (7,982) (8,642) (16,494) (17,398)    
Foreign Currency Transaction Gain (Loss), before Tax 2,182 3,647 7,005 9,613    
Other income (expense) (3,049) (3,259) (6,954) (5,576)    
Income (loss) before income taxes 1,199 5,795 (6,532) 6,131    
Income Tax Expense (Benefit) 3,648 1,515 4,652 2,911    
Net income (loss) (2,449) 4,280 (11,184) 3,220    
Net loss attributable to noncontrolling interests (550) (2,491) (133) (3,783)    
Net income (loss) attributable to Titan (1,899) 6,771 (11,051) 7,003    
Comprehensive Income Statement [Abstract]            
Net income (loss) (2,449) 4,280 (11,184) 3,220    
Currency translation adjustment, net 4,346 4,436 21,931 (40,950)    
Pension liability adjustments, net of tax 448 1,488 735 1,497    
Comprehensive Income (Loss) 2,345 10,204 11,482 (36,233)    
Net comprehensive (loss), attributable to noncontrolling interests 706 (1,904) 6,106 (4,917)    
Comprehensive income (loss) attributable to Titan 1,639 12,108 5,376 (31,316)    
Statement of Financial Position [Abstract]            
Cash and Cash Equivalents, at Carrying Value 207,238 187,484 207,238 187,484 $ 200,188 $ 201,451
Accounts Receivable, Net, Current (196,718)   (196,718)   (177,389)  
Inventory, Net 273,744   273,744   269,791  
Prepaid Expense and Other Assets, Current 72,352   72,352   62,633  
Assets, Current 750,052   750,052   710,001  
Property, Plant and Equipment, Net 449,472   449,472   450,020  
Assets 1,308,472   1,308,472   1,270,230  
Accounts Payable, Current 145,568   145,568   123,154  
Other Liabilities 122,252   122,252   115,721  
Liabilities, Current 356,858   356,858   270,097  
Long-term debt 414,570   414,570   475,443  
Redeemable Noncontrolling Interest, Equity, Carrying Amount 100,777 70,511 100,777 70,511 77,174 71,192
Stockholders' Equity Attributable to Parent 335,493   335,493   345,059  
Stockholders' Equity Attributable to Noncontrolling Interest (2,258)   (2,258)   (376)  
Liabilities and Equity 1,308,472   1,308,472   1,270,230  
Statement of Cash Flows [Abstract]            
Net cash provided by operating activities     29,672 7,842    
Capital expenditures     18,050 22,505    
Payments for (Proceeds from) Other Investing Activities     1,294 2,708    
Net cash used for investing activities     16,756 19,797    
Proceeds from borrowings     1,559 13,239    
Repayments of Other Debt     (10,248) (8,517)    
Proceeds from Stock Options Exercised     0 144    
Excess Tax Benefit from Share-based Compensation, Financing Activities     0 (538)    
Payments of Dividends, Common Stock     (540) (538)    
Net cash provided by (used for) financing activities     (9,229) 3,790    
Effect of Exchange Rate on Cash and Cash Equivalents     3,363 (5,802)    
Cash and Cash Equivalents, Period Increase (Decrease)     7,050 (13,967)    
Cash and Cash Equivalents, at Carrying Value 207,238 187,484 207,238 187,484 200,188 201,451
Parent [Member]            
Income Statement [Abstract]            
Net sales 0 0 0 0    
Cost of Goods Sold 77 207 572 438    
Gross profit (loss) (77) (207) (572) (438)    
Selling, General and Administrative Expense 2,969 2,617 5,351 5,251    
Research and Development Expense 0 0 0 0    
Royalty Expense 125 0 417 0    
Operating Income (Loss) (3,171) (2,824) (6,340) (5,689)    
Interest expense (7,811) (8,094) (16,094) (16,209)    
Interest Expense, Related Party (363) (248) (652) (390)    
Foreign Currency Transaction Gain (Loss), before Tax 0 (1,425) 0 3,090    
Other income (expense) (245) (1,032) (608) (1,914)    
Income (loss) before income taxes (10,374) (11,063) (21,174) (16,504)    
Income Tax Expense (Benefit) (648) (5,787) (270) (3,398)    
Income (Loss) from Subsidiaries, Net of Tax 7,277 9,556 9,720 16,326    
Net income (loss) (2,449) 4,280 (11,184) 3,220    
Net loss attributable to noncontrolling interests 0 0 0 0    
Net income (loss) attributable to Titan (2,449) 4,280 (11,184) 3,220    
Comprehensive Income Statement [Abstract]            
Net income (loss) (2,449) 4,280 (11,184) 3,220    
Currency translation adjustment, net 4,346 4,436 21,931 (40,950)    
Pension liability adjustments, net of tax 448 1,488 735 1,497    
Comprehensive Income (Loss) 2,345 10,204 11,482 (36,233)    
Net comprehensive (loss), attributable to noncontrolling interests 0 0 0 0    
Comprehensive income (loss) attributable to Titan 2,345 10,204 11,482 (36,233)    
Statement of Financial Position [Abstract]            
Cash and Cash Equivalents, at Carrying Value 135,227 128,163 135,227 128,163 142,401 129,985
Accounts Receivable, Net, Current (6)   (6)   0  
Inventory, Net 0   0   0  
Prepaid Expense, Deffered Income Taxes and Other Assets, Current         11,101  
Prepaid Expense and Other Assets, Current 8,879   8,879      
Assets, Current 144,100   144,100   153,502  
Property, Plant and Equipment, Net 6,198   6,198   8,015  
Equity Method Investments 750,948   750,948   724,676  
Other Assets, Goodwill, Deferred Income Tax Asset, Noncurrent 24,825   24,825   29,180  
Assets 926,071   926,071   915,373  
Short-term debt 59,994   59,994   0  
Accounts Payable, Current 1,549   1,549   2,215  
Other Liabilities 28,377   28,377   30,466  
Liabilities, Current 89,920   89,920   32,681  
Long-term debt 395,377   395,377   455,200  
Liabilities, Other than Long-term Debt, Noncurrent 28,977   28,977   29,881  
Due to Related Parties (67,758)   (67,758)   (52,552)  
Redeemable Noncontrolling Interest, Equity, Carrying Amount 0   0   0  
Stockholders' Equity Attributable to Parent 344,039   344,039   345,059  
Stockholders' Equity Attributable to Noncontrolling Interest 0   0   0  
Liabilities and Equity 926,071   926,071   915,373  
Statement of Cash Flows [Abstract]            
Net cash provided by operating activities     (7,085) (478)    
Capital expenditures     451 412    
Payments for (Proceeds from) Other Investing Activities     0 0    
Net cash used for investing activities     451 412    
Proceeds from borrowings     0 0    
Repayments of Other Debt     0 0    
Proceeds from Stock Options Exercised       144    
Excess Tax Benefit from Share-based Compensation, Financing Activities       (538)    
Payments of Dividends, Common Stock     (540) (538)    
Net cash provided by (used for) financing activities     (540) (932)    
Effect of Exchange Rate on Cash and Cash Equivalents     0 0    
Cash and Cash Equivalents, Period Increase (Decrease)     (7,174) (1,822)    
Cash and Cash Equivalents, at Carrying Value 135,227 128,163 135,227 128,163 142,401 129,985
Guarantor Subsidiaries [Member]            
Income Statement [Abstract]            
Net sales 126,140 173,334 270,174 367,307    
Cost of Goods Sold 104,378 141,328 229,524 309,279    
Gross profit (loss) 21,762 32,006 40,650 58,028    
Selling, General and Administrative Expense 15,787 16,757 32,473 32,136    
Research and Development Expense 677 805 1,445 1,805    
Royalty Expense 1,080 1,832 2,276 3,756    
Operating Income (Loss) 4,218 12,612 4,456 20,331    
Interest expense 0 (1) 0 (1)    
Interest Expense, Related Party 0 0 0 0    
Foreign Currency Transaction Gain (Loss), before Tax 204 (80) 203 (421)    
Other income (expense) (74) (83) (158) (45)    
Income (loss) before income taxes 4,496 12,614 4,817 19,954    
Income Tax Expense (Benefit) 1,674 4,796 1,865 7,489    
Income (Loss) from Subsidiaries, Net of Tax 0 0 0 0    
Net income (loss) 2,822 7,818 2,952 12,465    
Net loss attributable to noncontrolling interests 0 0 0 0    
Net income (loss) attributable to Titan 2,822 7,818 2,952 12,465    
Comprehensive Income Statement [Abstract]            
Net income (loss) 2,822 7,818 2,952 12,465    
Currency translation adjustment, net 0 0 0 0    
Pension liability adjustments, net of tax 734 427 1,469 854    
Comprehensive Income (Loss) 3,556 8,245 4,421 13,319    
Net comprehensive (loss), attributable to noncontrolling interests 0 0 0 0    
Comprehensive income (loss) attributable to Titan 3,556 8,245 4,421 13,319    
Statement of Financial Position [Abstract]            
Cash and Cash Equivalents, at Carrying Value 4 4 4 4 4 4
Accounts Receivable, Net, Current (54,413)   (54,413)   (59,933)  
Inventory, Net 69,592   69,592   81,993  
Prepaid Expense, Deffered Income Taxes and Other Assets, Current         21,133  
Prepaid Expense and Other Assets, Current 22,197   22,197      
Assets, Current 146,206   146,206   163,063  
Property, Plant and Equipment, Net 130,394   130,394   138,351  
Equity Method Investments 0   0   0  
Other Assets, Goodwill, Deferred Income Tax Asset, Noncurrent 1,118   1,118   1,181  
Assets 277,718   277,718   302,595  
Short-term debt 0   0   0  
Accounts Payable, Current 14,075   14,075   12,386  
Other Liabilities 36,855   36,855   41,818  
Liabilities, Current 50,930   50,930   54,204  
Long-term debt 0   0   0  
Liabilities, Other than Long-term Debt, Noncurrent 18,711   18,711   20,628  
Due to Related Parties (293,862)   (293,862)   (271,930)  
Redeemable Noncontrolling Interest, Equity, Carrying Amount 0   0   0  
Stockholders' Equity Attributable to Parent 501,939   501,939   499,693  
Stockholders' Equity Attributable to Noncontrolling Interest 0   0   0  
Liabilities and Equity 277,718   277,718   302,595  
Statement of Cash Flows [Abstract]            
Net cash provided by operating activities     4,255 2,769    
Capital expenditures     4,304 2,799    
Payments for (Proceeds from) Other Investing Activities     49 30    
Net cash used for investing activities     4,255 2,769    
Proceeds from borrowings     0 0    
Repayments of Other Debt     0 0    
Proceeds from Stock Options Exercised       0    
Excess Tax Benefit from Share-based Compensation, Financing Activities       0    
Payments of Dividends, Common Stock     0 0    
Net cash provided by (used for) financing activities     0 0    
Effect of Exchange Rate on Cash and Cash Equivalents     0 0    
Cash and Cash Equivalents, Period Increase (Decrease)     0 0    
Cash and Cash Equivalents, at Carrying Value 4 4 4 4 4 4
Non-Guarantor Subsidiaries [Member]            
Income Statement [Abstract]            
Net sales 204,074 202,733 381,834 410,819    
Cost of Goods Sold 180,684 183,479 344,949 374,562    
Gross profit (loss) 23,390 19,254 36,885 36,257    
Selling, General and Administrative Expense 17,546 18,474 33,540 36,135    
Research and Development Expense 2,037 1,974 3,748 4,060    
Royalty Expense 904 1,063 1,710 2,364    
Operating Income (Loss) 2,903 (2,257) (2,113) (6,302)    
Interest expense (171) (547) (400) (1,188)    
Interest Expense, Related Party (363) (248) (652) (390)    
Foreign Currency Transaction Gain (Loss), before Tax 1,978 5,152 6,802 6,944    
Other income (expense) (2,730) (2,144) (6,188) (3,617)    
Income (loss) before income taxes 7,077 4,244 9,825 2,681    
Income Tax Expense (Benefit) 2,622 2,506 3,057 (1,180)    
Income (Loss) from Subsidiaries, Net of Tax (200) 3,535 (2,206) 3,372    
Net income (loss) 4,255 5,273 4,562 7,233    
Net loss attributable to noncontrolling interests (550) (2,491) (133) (3,783)    
Net income (loss) attributable to Titan 4,805 7,764 4,695 11,016    
Comprehensive Income Statement [Abstract]            
Net income (loss) 4,255 5,273 4,562 7,233    
Currency translation adjustment, net 4,346 4,436 (21,931) (40,950)    
Pension liability adjustments, net of tax (447) 1,061 (734) 643    
Comprehensive Income (Loss) 8,154 10,770 (18,103) (33,074)    
Net comprehensive (loss), attributable to noncontrolling interests 706 (1,904) 6,106 (4,917)    
Comprehensive income (loss) attributable to Titan 7,448 12,674 (24,209) (28,157)    
Statement of Financial Position [Abstract]            
Cash and Cash Equivalents, at Carrying Value 72,007 59,317 72,007 59,317 57,783 71,462
Accounts Receivable, Net, Current (142,311)   (142,311)   (117,456)  
Inventory, Net 204,152   204,152   187,798  
Prepaid Expense, Deffered Income Taxes and Other Assets, Current         30,399  
Prepaid Expense and Other Assets, Current 41,276   41,276      
Assets, Current 459,746   459,746   393,436  
Property, Plant and Equipment, Net 312,880   312,880   303,654  
Equity Method Investments 95,657   95,657   98,660  
Other Assets, Goodwill, Deferred Income Tax Asset, Noncurrent 83,005   83,005   79,848  
Assets 951,288   951,288   875,598  
Short-term debt 29,044   29,044   31,222  
Accounts Payable, Current 129,944   129,944   108,553  
Other Liabilities 57,020   57,020   43,437  
Liabilities, Current 216,008   216,008   183,212  
Long-term debt 19,193   19,193   20,243  
Liabilities, Other than Long-term Debt, Noncurrent 55,344   55,344   52,324  
Due to Related Parties (226,104)   (226,104)   (219,378)  
Redeemable Noncontrolling Interest, Equity, Carrying Amount 100,777   100,777   77,174  
Stockholders' Equity Attributable to Parent 336,120   336,120   323,643  
Stockholders' Equity Attributable to Noncontrolling Interest (2,258)   (2,258)   (376)  
Liabilities and Equity 951,288   951,288   875,598  
Statement of Cash Flows [Abstract]            
Net cash provided by operating activities     32,502 5,551    
Capital expenditures     14,197 19,294    
Payments for (Proceeds from) Other Investing Activities     1,245 2,678    
Net cash used for investing activities     12,952 16,616    
Proceeds from borrowings     1,559 13,239    
Repayments of Other Debt     (10,248) (8,517)    
Proceeds from Stock Options Exercised       0    
Excess Tax Benefit from Share-based Compensation, Financing Activities       0    
Payments of Dividends, Common Stock     0 0    
Net cash provided by (used for) financing activities     (8,689) 4,722    
Effect of Exchange Rate on Cash and Cash Equivalents     3,363 (5,802)    
Cash and Cash Equivalents, Period Increase (Decrease)     14,224 (12,145)    
Cash and Cash Equivalents, at Carrying Value 72,007 59,317 72,007 59,317 57,783 71,462
Consolidation, Eliminations [Member]            
Income Statement [Abstract]            
Net sales 0 0 0 0    
Cost of Goods Sold 0 0 0 0    
Gross profit (loss) 0 0 0 0    
Selling, General and Administrative Expense 0 0 0 0    
Research and Development Expense 0 0 0 0    
Royalty Expense 0 0 0 0    
Operating Income (Loss) 0 0 0 0    
Interest expense 0 0 0 0    
Interest Expense, Related Party 0 0 0 0    
Foreign Currency Transaction Gain (Loss), before Tax 0 0    
Other income (expense) 0 0 0 0    
Income (loss) before income taxes 0 0 0 0    
Income Tax Expense (Benefit) 0 0 0 0    
Income (Loss) from Subsidiaries, Net of Tax (7,077) (13,091) (7,514) (19,698)    
Net income (loss) (7,077) (13,091) (7,514) (19,698)    
Net loss attributable to noncontrolling interests 0 0 0 0    
Net income (loss) attributable to Titan (7,077) (13,091) (7,514) (19,698)    
Comprehensive Income Statement [Abstract]            
Net income (loss) (7,077) (13,091) (7,514) (19,698)    
Currency translation adjustment, net (4,346) (4,436) 21,931 40,950    
Pension liability adjustments, net of tax (287) (1,488) (735) (1,497)    
Comprehensive Income (Loss) (11,710) (19,015) 13,682 19,755    
Net comprehensive (loss), attributable to noncontrolling interests 0 0 0 0    
Comprehensive income (loss) attributable to Titan (11,710) (19,015) 13,682 19,755    
Statement of Financial Position [Abstract]            
Cash and Cash Equivalents, at Carrying Value 0   0   0  
Accounts Receivable, Net, Current 0   0   0  
Inventory, Net 0   0   0  
Prepaid Expense, Deffered Income Taxes and Other Assets, Current         0  
Prepaid Expense and Other Assets, Current 0   0      
Assets, Current 0   0   0  
Property, Plant and Equipment, Net 0   0   0  
Equity Method Investments (846,605)   (846,605)   (823,336)  
Other Assets, Goodwill, Deferred Income Tax Asset, Noncurrent 0   0   0  
Assets (846,605)   (846,605)   (823,336)  
Short-term debt 0   0   0  
Accounts Payable, Current 0   0   0  
Other Liabilities 0   0   0  
Liabilities, Current 0   0   0  
Long-term debt 0   0   0  
Liabilities, Other than Long-term Debt, Noncurrent 0   0   0  
Due to Related Parties 0   0   0  
Redeemable Noncontrolling Interest, Equity, Carrying Amount 0   0   0  
Stockholders' Equity Attributable to Parent (846,605)   (846,605)   (823,336)  
Stockholders' Equity Attributable to Noncontrolling Interest 0   0   0  
Liabilities and Equity (846,605)   (846,605)   (823,336)  
Statement of Cash Flows [Abstract]            
Cash and Cash Equivalents, at Carrying Value 0   0   0  
Consolidated Entities [Member]            
Income Statement [Abstract]            
Net sales 330,214 376,067 652,008 778,126    
Cost of Goods Sold 285,139 325,014 575,045 684,279    
Gross profit (loss) 45,075 51,053 76,963 93,847    
Selling, General and Administrative Expense 36,302 37,848 71,364 73,522    
Research and Development Expense 2,714 2,779 5,193 5,865    
Royalty Expense 2,109 2,895 4,403 6,120    
Operating Income (Loss) 3,950 7,531 (3,997) 8,340    
Interest expense (7,982) (8,642) (16,494) (17,398)    
Interest Expense, Related Party 0 0 0 0    
Foreign Currency Transaction Gain (Loss), before Tax 2,182 3,647 7,005 9,613    
Other income (expense) (3,049) (3,259) (6,954) (5,576)    
Income (loss) before income taxes 1,199 5,795 (6,532) 6,131    
Income Tax Expense (Benefit) 3,648 1,515 4,652 2,911    
Income (Loss) from Subsidiaries, Net of Tax 0 0 0 0    
Net income (loss) (2,449) 4,280 (11,184) 3,220    
Net loss attributable to noncontrolling interests (550) (2,491) (133) (3,783)    
Net income (loss) attributable to Titan (1,899) 6,771 (11,051) 7,003    
Comprehensive Income Statement [Abstract]            
Net income (loss) (2,449) 4,280 (11,184) 3,220    
Currency translation adjustment, net 4,346 4,436 21,931 (40,950)    
Pension liability adjustments, net of tax 448 1,488 735 1,497    
Comprehensive Income (Loss) 2,345 10,204 11,482 (36,233)    
Net comprehensive (loss), attributable to noncontrolling interests 706 (1,904) 6,106 (4,917)    
Comprehensive income (loss) attributable to Titan 1,639 12,108 5,376 (31,316)    
Statement of Financial Position [Abstract]            
Cash and Cash Equivalents, at Carrying Value 207,238 187,484 207,238 187,484 200,188 201,451
Accounts Receivable, Net, Current (196,718)   (196,718)   (177,389)  
Inventory, Net 273,744   273,744   269,791  
Prepaid Expense, Deffered Income Taxes and Other Assets, Current         62,633  
Prepaid Expense and Other Assets, Current 72,352   72,352      
Assets, Current 750,052   750,052   710,001  
Property, Plant and Equipment, Net 449,472   449,472   450,020  
Equity Method Investments 0   0   0  
Other Assets, Goodwill, Deferred Income Tax Asset, Noncurrent 108,948   108,948   110,209  
Assets 1,308,472   1,308,472   1,270,230  
Short-term debt 89,038   89,038   31,222  
Accounts Payable, Current 145,568   145,568   123,154  
Other Liabilities 122,252   122,252   115,721  
Liabilities, Current 356,858   356,858   270,097  
Long-term debt 414,570   414,570   475,443  
Liabilities, Other than Long-term Debt, Noncurrent 103,032   103,032   102,833  
Due to Related Parties 0   0   0  
Redeemable Noncontrolling Interest, Equity, Carrying Amount 100,777   100,777   77,174  
Stockholders' Equity Attributable to Parent 335,493   335,493   345,059  
Stockholders' Equity Attributable to Noncontrolling Interest (2,258)   (2,258)   (376)  
Liabilities and Equity 1,308,472   1,308,472   1,270,230  
Statement of Cash Flows [Abstract]            
Net cash provided by operating activities     29,672 7,842    
Capital expenditures     18,050 22,505    
Payments for (Proceeds from) Other Investing Activities     1,294 2,708    
Net cash used for investing activities     16,756 19,797    
Proceeds from borrowings     1,559 13,239    
Repayments of Other Debt     (10,248) (8,517)    
Proceeds from Stock Options Exercised       144    
Excess Tax Benefit from Share-based Compensation, Financing Activities       (538)    
Payments of Dividends, Common Stock     (540) (538)    
Net cash provided by (used for) financing activities     (9,229) 3,790    
Effect of Exchange Rate on Cash and Cash Equivalents     3,363 (5,802)    
Cash and Cash Equivalents, Period Increase (Decrease)     7,050 (13,967)    
Cash and Cash Equivalents, at Carrying Value $ 207,238 $ 187,484 $ 207,238 $ 187,484 $ 200,188 $ 201,451