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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Net sales $ 425,382 $ 357,501
Cost of sales 365,821 317,300
Gross profit 59,561 40,201
Selling, general and administrative expenses 35,921 41,338
Research and development expenses 2,877 2,843
Royalty expense 2,663 2,609
Income (loss) from operations 18,100 (6,589)
Interest expense (7,518) (7,721)
Foreign exchange (loss) gain (4,432) 4,490
Other income 7,750 2,677
Income (loss) before income taxes 13,900 (7,143)
(Benefit) provision for income taxes (786) 3,442
Net income (loss) 14,686 (10,585)
Net (loss) income attributable to noncontrolling interests (1,679) 868
Net income (loss) attributable to Titan 16,365 (11,453)
Redemption value adjustment 2,343 (941)
Net income (loss) applicable to common shareholders $ 14,022 $ (10,512)
Earnings per common share:    
Basic $ 0.23 $ (0.18)
Diluted $ 0.23 $ (0.18)
Average common shares and equivalents outstanding:    
Basic 59,711 58,572
Diluted 59,876 58,572
Dividends declared per common share: $ 0.005 $ 0.005