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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 143,570 $ 147,827
Certificates of deposit 0 50,000
Accounts receivable (net of allowance of $2,974 and $3,344, respectively) 226,703 179,384
Inventories 339,836 272,236
Prepaid and other current assets 73,084 79,734
Total current assets 783,193 729,181
Property, plant and equipment, net 421,248 437,201
Deferred income taxes 3,779 4,663
Other long-term assets 81,892 94,851
Total assets 1,290,112 1,265,896
Current liabilities    
Short-term debt 43,651 97,412
Accounts payable 195,497 148,255
Other current liabilities 133,774 120,437
Total current liabilities 372,922 366,104
Long-term debt 407,171 408,760
Deferred income taxes 13,545 13,183
Other long-term liabilities 73,197 80,161
Total liabilities 866,835 868,208
Redeemable noncontrolling interest 113,193 104,809
Titan stockholders' equity    
Common stock ($0.0001 par, 120,000,000 shares authorized, 60,715,356 issued at December 2017 and 55,253,092 shares issued at December 2016) 0 0
Additional paid-in capital 531,708 479,075
Retained earnings (deficit) (44,022) 17,214
Treasury stock (at cost, 914,797 shares at December 2017 and 1,083,212 shares at December 2016) (8,606) (10,119)
Stock reserved for deferred compensation (1,075) (1,075)
Accumulated other comprehensive loss (157,076) (188,278)
Total Titan stockholders’ equity 320,929 296,817
Noncontrolling interests (10,845) (3,938)
Total equity 310,084 292,879
Total liabilities and equity $ 1,290,112 $ 1,265,896