XML 113 R100.htm IDEA: XBRL DOCUMENT v3.8.0.1
SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Details) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]                        
Net sales $ 376,034,000 $ 370,988,000 $ 364,399,000 $ 357,501,000 $ 307,294,000 $ 306,195,000 $ 330,214,000 $ 321,794,000 $ 1,468,922,000 $ 1,265,497,000 $ 1,394,771,000  
Cost of sales                 1,300,727,000 1,126,633,000 1,260,028,000  
Asset impairment                 9,917,000 0 0  
Gross profit (loss) 35,322,000 39,665,000 43,562,000 39,729,000 31,929,000 34,920,000 43,718,000 28,297,000 158,278,000 138,864,000 134,743,000  
Selling, general, and administrative expenses                 150,676,000 144,988,000 140,393,000  
Research and development expenses                 10,302,000 9,971,000 11,162,000  
Royalty Expense                 10,484,000 8,856,000 10,533,000  
Income (loss) from operations                 (13,184,000) (24,951,000) (27,345,000)  
Interest expense                 (30,229,000) (32,539,000) (34,032,000)  
Loss on senior note repurchase                 (18,646,000) 0 0  
Intercompany interest income (expense)                 0 0 0  
Foreign exchange gain (loss)                 (1,958,000) 8,550,000 (4,758,000)  
Other income (expense)                 11,141,000 12,466,000 11,063,000  
Loss before income taxes                 (52,876,000) (36,474,000) (55,072,000)  
Provision (benefit) for income tax                 11,203,000 3,281,000 34,756,000  
Equity in earnings of subsidiaries                 0 0 0  
Net income (loss) (35,739,000) (11,218,000) (6,537,000) (10,585,000) (14,649,000) (8,974,000) (3,806,000) (12,326,000) (64,079,000) (39,755,000) (89,828,000)  
Net loss noncontrolling interests                 (4,037,000) (2,150,000) (14,654,000)  
Net income (loss) attributable to Titan (30,278,000) (12,018,000) (6,293,000) [1] (11,453,000) [2] (13,598,000) (8,008,000) (3,256,000) (12,743,000) (60,042,000) (37,605,000) (75,174,000)  
Comprehensive Income Statement [Abstract]                        
Net income (loss) (35,739,000) $ (11,218,000) $ (6,537,000) $ (10,585,000) (14,649,000) $ (8,974,000) $ (3,806,000) $ (12,326,000) (64,079,000) (39,755,000) (89,828,000)  
Currency translation adjustment                 30,818,000 5,857,000 (79,196,000)  
Pension liability adjustments, net of tax                 1,523,000 1,071,000 (662,000)  
Comprehensive income (loss)                 (31,738,000) (32,827,000) (169,686,000)  
Net comprehensive income (loss) attributable to noncontrolling interests                 (2,898,000) 5,305,000 (19,391,000)  
Comprehensive income (loss) attributable to Titan                 (28,840,000) (38,132,000) (150,295,000)  
Statement of Financial Position [Abstract]                        
Cash and cash equivalents 143,570,000       147,827,000       143,570,000 147,827,000 200,188,000 $ 201,451,000
Certificates of deposit 0       50,000,000       0 50,000,000    
Accounts Receivable 226,703,000       179,384,000       226,703,000 179,384,000    
Inventory 339,836,000       272,236,000       339,836,000 272,236,000    
Prepaid and other current assets 73,084,000       79,734,000       73,084,000 79,734,000    
Total current assets 783,193,000       729,181,000       783,193,000 729,181,000    
Property, plant, and equipment, net 421,248,000       437,201,000       421,248,000 437,201,000    
Investment in subsidiaries 0       0       0 0    
Other long-term assets 81,892,000       94,851,000       81,892,000 94,851,000    
Assets, Noncurrent 85,671,000       99,514,000       85,671,000 99,514,000    
Assets 1,290,112,000       1,265,896,000       1,290,112,000 1,265,896,000 1,281,754,000  
Short-term debt 43,651,000       97,412,000       43,651,000 97,412,000    
Accounts payable 195,497,000       148,255,000       195,497,000 148,255,000    
Other current liabilities 133,774,000       120,437,000       133,774,000 120,437,000    
Current liabilities 372,922,000       366,104,000       372,922,000 366,104,000    
Long-term debt 407,171,000       408,760,000       407,171,000 408,760,000    
Other long-term liabilities 86,742,000       93,344,000       86,742,000 93,344,000    
Intercompany accounts 0       0       0 0    
Redeemable noncontrolling interest 113,193,000       104,809,000       113,193,000 104,809,000 77,174,000  
Titan stockholders' equity 320,929,000       296,817,000       320,929,000 296,817,000    
Noncontrolling interests (10,845,000)       (3,938,000)       (10,845,000) (3,938,000)    
Liabilities and Equity 1,290,112,000       1,265,896,000       1,290,112,000 1,265,896,000    
Statement of Cash Flows [Abstract]                        
Net Cash provided by (used for) operating Activities                 (1,289,000) 43,500,000 63,930,000  
Capital expenditures                 (32,626,000) (41,948,000) (48,429,000)  
Proceeds from Sale and Maturity of Marketable Securities                 50,000,000      
Payments to Acquire Restricted Certificates of Deposit                   50,000,000 0  
Other, net                 (993,000) (2,222,000) 1,508,000  
Net Cash provided by (used for) investing Activities                 18,367,000 (89,726,000) (49,937,000)  
Proceeds from borrowings                 447,639,000 17,285,000 5,727,000  
Repurchase of senior secured notes                 415,395,000 0 0  
Payment on debt                 (55,160,000) (22,634,000) (5,521,000)  
Proceeds from Stock Options Exercised                 0 0 145,000  
Dividends paid                 (1,167,000) (1,081,000) (1,077,000)  
Net Cash provided by (used for) financing Activities                 (24,083,000) (6,430,000) (726,000)  
Effect of Exchange Rate on Cash and Cash Equivalents                 2,748,000 295,000 (14,530,000)  
Net increase (decrease) in cash and cash equivalents                 (4,257,000) (52,361,000) (1,263,000)  
Parent Company [Member]                        
Income Statement [Abstract]                        
Net sales                 0 0 0  
Cost of sales                 362,000 759,000 2,826,000  
Asset impairment                 0      
Gross profit (loss)                 (362,000) (759,000) (2,826,000)  
Selling, general, and administrative expenses                 14,218,000 11,394,000 7,513,000  
Research and development expenses                 0 0 0  
Royalty Expense                 1,178,000 667,000 0  
Income (loss) from operations                 (15,758,000) (12,820,000) (10,339,000)  
Interest expense                 (29,182,000) (32,208,000) (32,291,000)  
Loss on senior note repurchase                 (18,646,000)      
Intercompany interest income (expense)                 2,412,000 1,781,000 825,000  
Foreign exchange gain (loss)                 (2,000) 0 4,296,000  
Other income (expense)                 4,623,000 2,503,000 2,327,000  
Loss before income taxes                 (56,553,000) (40,744,000) (35,182,000)  
Provision (benefit) for income tax                 (1,446,000) (64,000) 34,341,000  
Equity in earnings of subsidiaries                 (8,972,000) 924,000 (23,830,000)  
Net income (loss)                 (64,079,000) (39,756,000) (93,353,000)  
Net loss noncontrolling interests                 0 0 0  
Net income (loss) attributable to Titan                 (64,079,000) (39,756,000) (93,353,000)  
Comprehensive Income Statement [Abstract]                        
Net income (loss)                 (64,079,000) (39,756,000) (93,353,000)  
Currency translation adjustment                 30,818,000 5,857,000 (79,196,000)  
Pension liability adjustments, net of tax                 1,523,000 1,071,000 (662,000)  
Comprehensive income (loss)                 (31,738,000) (32,828,000) (173,211,000)  
Net comprehensive income (loss) attributable to noncontrolling interests                 0 0 0  
Comprehensive income (loss) attributable to Titan                 (31,738,000) (32,828,000) (173,211,000)  
Statement of Financial Position [Abstract]                        
Cash and cash equivalents 59,740,000       86,190,000       59,740,000 86,190,000 142,401,000 129,985,000
Certificates of deposit         50,000,000         50,000,000    
Accounts Receivable 0       0       0 0    
Inventory 0       0       0 0    
Prepaid and other current assets 17,789,000       11,965,000       17,789,000 11,965,000    
Total current assets 77,529,000       148,155,000       77,529,000 148,155,000    
Property, plant, and equipment, net 2,466,000       4,898,000       2,466,000 4,898,000    
Investment in subsidiaries 766,777,000       742,679,000       766,777,000 742,679,000    
Other long-term assets 6,389,000       23,627,000       6,389,000 23,627,000    
Assets 853,161,000       919,359,000       853,161,000 919,359,000    
Short-term debt 0       60,148,000       0 60,148,000    
Accounts payable 4,258,000       4,187,000       4,258,000 4,187,000    
Other current liabilities 38,495,000       34,140,000       38,495,000 34,140,000    
Current liabilities 42,753,000       98,475,000       42,753,000 98,475,000    
Long-term debt 394,284,000       395,852,000       394,284,000 395,852,000    
Other long-term liabilities 11,544,000       27,636,000       11,544,000 27,636,000    
Intercompany accounts 75,103,000       94,977,000       75,103,000 94,977,000    
Redeemable noncontrolling interest 0       0       0 0    
Titan stockholders' equity 329,477,000       302,419,000       329,477,000 302,419,000    
Noncontrolling interests 0       0       0 0    
Liabilities and Equity 853,161,000       919,359,000       853,161,000 919,359,000    
Statement of Cash Flows [Abstract]                        
Net Cash provided by (used for) operating Activities                 (49,856,000) (3,193,000) 15,933,000  
Capital expenditures                 (830,000) (1,937,000) (2,585,000)  
Proceeds from Sale and Maturity of Marketable Securities                 50,000,000      
Payments to Acquire Restricted Certificates of Deposit                   50,000,000    
Other, net                 0 0 0  
Net Cash provided by (used for) investing Activities                 49,170,000 (51,937,000) (2,585,000)  
Proceeds from borrowings                 (394,191,000) 0 0  
Repurchase of senior secured notes                 415,395,000      
Payment on debt                 (3,393,000) 0 0  
Proceeds from Stock Options Exercised                   0 145,000  
Dividends paid                 (1,167,000) (1,081,000) (1,077,000)  
Net Cash provided by (used for) financing Activities                 (25,764,000) (1,081,000) (932,000)  
Effect of Exchange Rate on Cash and Cash Equivalents                 0 0 0  
Net increase (decrease) in cash and cash equivalents                 (26,450,000) (56,211,000) 12,416,000  
Guarantor Subsidiaries [Member]                        
Income Statement [Abstract]                        
Net sales                 567,830,000 498,390,000 640,785,000  
Cost of sales                 495,939,000 432,705,000 561,429,000  
Asset impairment                 0      
Gross profit (loss)                 71,891,000 65,685,000 79,356,000  
Selling, general, and administrative expenses                 59,769,000 66,815,000 69,686,000  
Research and development expenses                 3,685,000 2,876,000 3,505,000  
Royalty Expense                 5,703,000 4,866,000 6,711,000  
Income (loss) from operations                 2,734,000 (8,872,000) (546,000)  
Interest expense                 0 0 0  
Loss on senior note repurchase                 0      
Intercompany interest income (expense)                 3,937,000 3,525,000 2,361,000  
Foreign exchange gain (loss)                 (100,000) 298,000 (462,000)  
Other income (expense)                 (178,000) 180,000 2,572,000  
Loss before income taxes                 6,393,000 (4,869,000) 3,925,000  
Provision (benefit) for income tax                 4,173,000 30,000 (1,518,000)  
Equity in earnings of subsidiaries                 0 0 0  
Net income (loss)                 2,220,000 (4,899,000) 5,443,000  
Net loss noncontrolling interests                 0 0 0  
Net income (loss) attributable to Titan                 2,220,000 (4,899,000) 5,443,000  
Comprehensive Income Statement [Abstract]                        
Net income (loss)                 2,220,000 (4,899,000) 5,443,000  
Currency translation adjustment                 0 0 0  
Pension liability adjustments, net of tax                 1,807,000 1,680,000 (1,557,000)  
Comprehensive income (loss)                 4,027,000 (3,219,000) 3,886,000  
Net comprehensive income (loss) attributable to noncontrolling interests                 0 0 0  
Comprehensive income (loss) attributable to Titan                 4,027,000 (3,219,000) 3,886,000  
Statement of Financial Position [Abstract]                        
Cash and cash equivalents 13,000       9,000       13,000 9,000 4,000 4,000
Certificates of deposit         0         0    
Accounts Receivable 54,009,000       43,485,000       54,009,000 43,485,000    
Inventory 96,036,000       76,823,000       96,036,000 76,823,000    
Prepaid and other current assets 20,917,000       21,901,000       20,917,000 21,901,000    
Total current assets 170,975,000       142,218,000       170,975,000 142,218,000    
Property, plant, and equipment, net 110,470,000       124,049,000       110,470,000 124,049,000    
Investment in subsidiaries 0       0       0 0    
Other long-term assets 967,000       1,118,000       967,000 1,118,000    
Assets 282,412,000       267,385,000       282,412,000 267,385,000    
Short-term debt 0       0       0 0    
Accounts payable 20,787,000       14,398,000       20,787,000 14,398,000    
Other current liabilities 30,170,000       34,475,000       30,170,000 34,475,000    
Current liabilities 50,957,000       48,873,000       50,957,000 48,873,000    
Long-term debt 0       0       0 0    
Other long-term liabilities 16,458,000       18,473,000       16,458,000 18,473,000    
Intercompany accounts (286,525,000)       (300,823,000)       (286,525,000) (300,823,000)    
Redeemable noncontrolling interest 0       0       0 0    
Titan stockholders' equity 501,522,000       500,862,000       501,522,000 500,862,000    
Noncontrolling interests 0       0       0 0    
Liabilities and Equity 282,412,000       267,385,000       282,412,000 267,385,000    
Statement of Cash Flows [Abstract]                        
Net Cash provided by (used for) operating Activities                 7,235,000 8,035,000 6,441,000  
Capital expenditures                 (7,620,000) (8,444,000) (6,254,000)  
Proceeds from Sale and Maturity of Marketable Securities                 0      
Payments to Acquire Restricted Certificates of Deposit                   0    
Other, net                 (389,000) (414,000) 187,000  
Net Cash provided by (used for) investing Activities                 (7,231,000) (8,030,000) (6,441,000)  
Proceeds from borrowings                 0 0 0  
Repurchase of senior secured notes                 0      
Payment on debt                 0 0 0  
Proceeds from Stock Options Exercised                   0 0  
Dividends paid                 0 0 0  
Net Cash provided by (used for) financing Activities                 0 0 0  
Effect of Exchange Rate on Cash and Cash Equivalents                 0 0 0  
Net increase (decrease) in cash and cash equivalents                 4,000 5,000 0  
Non-Guarantor Subsidiaries [Member]                        
Income Statement [Abstract]                        
Net sales                 901,092,000 767,107,000 753,986,000  
Cost of sales                 804,426,000 693,169,000 695,773,000  
Asset impairment                 9,917,000      
Gross profit (loss)                 86,749,000 73,938,000 58,213,000  
Selling, general, and administrative expenses                 76,689,000 66,779,000 63,194,000  
Research and development expenses                 6,617,000 7,095,000 7,657,000  
Royalty Expense                 3,603,000 3,323,000 3,822,000  
Income (loss) from operations                 (160,000) (3,259,000) (16,460,000)  
Interest expense                 (1,047,000) (331,000) (1,741,000)  
Loss on senior note repurchase                 0      
Intercompany interest income (expense)                 (6,349,000) (5,306,000) (3,186,000)  
Foreign exchange gain (loss)                 (1,856,000) 8,252,000 (8,592,000)  
Other income (expense)                 6,696,000 9,783,000 6,164,000  
Loss before income taxes                 (2,716,000) 9,139,000 (23,815,000)  
Provision (benefit) for income tax                 8,476,000 3,315,000 1,933,000  
Equity in earnings of subsidiaries                 (8,400,000) (6,689,000) (2,689,000)  
Net income (loss)                 (19,592,000) (865,000) (28,437,000)  
Net loss noncontrolling interests                 (4,037,000) (2,150,000) (14,654,000)  
Net income (loss) attributable to Titan                 (15,555,000) 1,285,000 (13,783,000)  
Comprehensive Income Statement [Abstract]                        
Net income (loss)                 (19,592,000) (865,000) (28,437,000)  
Currency translation adjustment                 30,818,000 5,857,000 (79,196,000)  
Pension liability adjustments, net of tax                 (284,000) (609,000) 895,000  
Comprehensive income (loss)                 10,942,000 4,383,000 (106,738,000)  
Net comprehensive income (loss) attributable to noncontrolling interests                 (2,898,000) 5,305,000 (19,391,000)  
Comprehensive income (loss) attributable to Titan                 13,840,000 (922,000) (87,347,000)  
Statement of Financial Position [Abstract]                        
Cash and cash equivalents 83,817,000       61,628,000       83,817,000 61,628,000 57,783,000 $ 71,462,000
Certificates of deposit         0         0    
Accounts Receivable 172,694,000       135,899,000       172,694,000 135,899,000    
Inventory 243,800,000       195,413,000       243,800,000 195,413,000    
Prepaid and other current assets 34,378,000       45,868,000       34,378,000 45,868,000    
Total current assets 534,689,000       438,808,000       534,689,000 438,808,000    
Property, plant, and equipment, net 308,312,000       308,254,000       308,312,000 308,254,000    
Investment in subsidiaries 74,003,000       87,385,000       74,003,000 87,385,000    
Other long-term assets 78,315,000       74,769,000       78,315,000 74,769,000    
Assets 995,319,000       909,216,000       995,319,000 909,216,000    
Short-term debt 43,651,000       37,264,000       43,651,000 37,264,000    
Accounts payable 170,452,000       129,670,000       170,452,000 129,670,000    
Other current liabilities 65,109,000       51,822,000       65,109,000 51,822,000    
Current liabilities 279,212,000       218,756,000       279,212,000 218,756,000    
Long-term debt 12,887,000       12,908,000       12,887,000 12,908,000    
Other long-term liabilities 58,740,000       47,235,000       58,740,000 47,235,000    
Intercompany accounts 211,422,000       205,846,000       211,422,000 205,846,000    
Redeemable noncontrolling interest 113,193,000       104,809,000       113,193,000 104,809,000    
Titan stockholders' equity 330,710,000       323,600,000       330,710,000 323,600,000    
Noncontrolling interests (10,845,000)       (3,938,000)       (10,845,000) (3,938,000)    
Liabilities and Equity 995,319,000       909,216,000       995,319,000 909,216,000    
Statement of Cash Flows [Abstract]                        
Net Cash provided by (used for) operating Activities                 41,332,000 38,658,000 41,556,000  
Capital expenditures                 (24,176,000) (31,567,000) (39,590,000)  
Proceeds from Sale and Maturity of Marketable Securities                 0      
Payments to Acquire Restricted Certificates of Deposit                   0    
Other, net                 (604,000) (1,808,000) 1,321,000  
Net Cash provided by (used for) investing Activities                 (23,572,000) (29,759,000) (40,911,000)  
Proceeds from borrowings                 53,448,000 17,285,000 5,727,000  
Repurchase of senior secured notes                 0      
Payment on debt                 (51,767,000) (22,634,000) (5,521,000)  
Proceeds from Stock Options Exercised                   0 0  
Dividends paid                 0 0 0  
Net Cash provided by (used for) financing Activities                 1,681,000 (5,349,000) 206,000  
Effect of Exchange Rate on Cash and Cash Equivalents                 2,748,000 295,000 (14,530,000)  
Net increase (decrease) in cash and cash equivalents                 22,189,000 3,845,000 (13,679,000)  
Consolidation, Eliminations [Member]                        
Income Statement [Abstract]                        
Net sales                 0 0 0  
Cost of sales                 0 0 0  
Asset impairment                 0      
Gross profit (loss)                 0 0 0  
Selling, general, and administrative expenses                 0 0 0  
Research and development expenses                 0 0 0  
Royalty Expense                 0 0 0  
Income (loss) from operations                 0 0 0  
Interest expense                 0 0 0  
Loss on senior note repurchase                 0      
Intercompany interest income (expense)                 0 0 0  
Foreign exchange gain (loss)                 0 0 0  
Other income (expense)                 0 0 0  
Loss before income taxes                 0 0 0  
Provision (benefit) for income tax                 0 0 0  
Equity in earnings of subsidiaries                 17,372,000 5,765,000 26,519,000  
Net income (loss)                 17,372,000 5,765,000 26,519,000  
Net loss noncontrolling interests                 0 0 0  
Net income (loss) attributable to Titan                 17,372,000 5,765,000 26,519,000  
Comprehensive Income Statement [Abstract]                        
Net income (loss)                 17,372,000 5,765,000 26,519,000  
Currency translation adjustment                 (30,818,000) (5,857,000) 79,196,000  
Pension liability adjustments, net of tax                 (1,523,000) (1,071,000) 662,000  
Comprehensive income (loss)                 (14,969,000) (1,163,000) 106,377,000  
Net comprehensive income (loss) attributable to noncontrolling interests                 0 0 0  
Comprehensive income (loss) attributable to Titan                 (14,969,000) (1,163,000) $ 106,377,000  
Statement of Financial Position [Abstract]                        
Cash and cash equivalents 0       0       0 0    
Certificates of deposit         0         0    
Accounts Receivable 0       0       0 0    
Inventory 0       0       0 0    
Prepaid and other current assets 0       0       0 0    
Total current assets 0       0       0 0    
Property, plant, and equipment, net 0       0       0 0    
Investment in subsidiaries (840,780,000)       (830,064,000)       (840,780,000) (830,064,000)    
Other long-term assets 0       0       0 0    
Assets (840,780,000)       (830,064,000)       (840,780,000) (830,064,000)    
Short-term debt 0       0       0 0    
Accounts payable 0       0       0 0    
Other current liabilities 0       0       0 0    
Current liabilities 0       0       0 0    
Long-term debt 0       0       0 0    
Other long-term liabilities 0       0       0 0    
Intercompany accounts 0       0       0 0    
Redeemable noncontrolling interest 0       0       0 0    
Titan stockholders' equity (840,780,000)       (830,064,000)       (840,780,000) (830,064,000)    
Noncontrolling interests 0       0       0 0    
Liabilities and Equity $ (840,780,000)       $ (830,064,000)       $ (840,780,000) $ (830,064,000)    
[1]

[2]