XML 16 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 112,429 $ 143,570
Accounts receivable, net 294,505 226,703
Inventories 368,435 339,836
Prepaid and other current assets 75,561 73,084
Total current assets 850,930 783,193
Property, plant and equipment, net 417,426 421,248
Deferred income taxes 1,907 3,779
Other assets 82,792 81,892
Total assets 1,353,055 1,290,112
Current liabilities    
Short-term debt 55,171 43,651
Accounts payable 227,954 195,497
Other current liabilities 130,284 133,774
Total current liabilities 413,409 372,922
Long-term debt 407,608 407,171
Deferred income taxes 14,376 13,545
Other long-term liabilities 70,248 73,197
Total liabilities 905,641 866,835
Redeemable noncontrolling interest 115,369 113,193
Titan stockholders' equity    
Common stock ($0.0001 par value, 120,000,000 shares authorized, 60,715,356 issued, 59,810,770 outstanding at March 2018 and 59,800,559 outstanding at December 2017) 0 0
Additional paid-in capital 529,480 531,708
Retained deficit (27,868) (44,022)
Treasury stock (at cost, 904,586 and 914,797 shares, respectively) (8,515) (8,606)
Stock reserved for deferred compensation (1,075) (1,075)
Accumulated other comprehensive loss (148,770) (157,076)
Total Titan shareholders’ equity 343,252 320,929
Noncontrolling interests (11,207) (10,845)
Total equity 332,045 310,084
Total liabilities and equity $ 1,353,055 $ 1,290,112