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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Net sales $ 428,904 $ 364,399 $ 854,286 $ 721,900
Cost of sales 370,592 320,379 736,413 637,679
Gross profit 58,312 44,020 117,873 84,221
Selling, general and administrative expenses 36,699 34,463 72,620 75,801
Research and development expenses 2,754 2,608 5,631 5,451
Royalty expense 2,634 2,533 5,297 5,142
Income (loss) from operations 16,225 4,416 34,325 (2,173)
Interest expense (7,672) (7,320) (15,190) (15,041)
Foreign exchange loss (3,610) (5,257) (8,042) (767)
Other income 2,477 1,750 10,227 4,427
Income (loss) before income taxes 7,420 (6,411) 21,320 (13,554)
Provision for income taxes 1,683 126 897 3,568
Net income (loss) 5,737 (6,537) 20,423 (17,122)
Net income (loss) attributable to noncontrolling interests 40 (244) (1,639) 624
Net income (loss) attributable to Titan 5,697 (6,293) 22,062 (17,746)
Redemption value adjustment 4,678 4,040 7,021 3,099
Net income (loss) applicable to common shareholders $ 1,019 $ (10,333) $ 15,041 $ (20,845)
Earnings per common share:        
Basic $ 0.02 $ (0.17) $ 0.25 $ (0.35)
Diluted $ 0.02 $ (0.17) $ 0.25 $ (0.35)
Average common shares and equivalents outstanding:        
Basic 59,750 59,577 59,731 59,067
Diluted 59,878 59,577 59,877 59,067
Dividends declared per common share: $ 0.005 $ 0.005 $ 0.010 $ 0.010