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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue from Contract with Customer, Excluding Assessed Tax $ 384,719 $ 370,988 $ 1,239,005 $ 1,092,888
Cost of sales 341,015 330,851 1,077,428 968,530
Gross profit 43,704 40,137 161,577 124,358
Selling, general and administrative expenses 33,709 39,753 102,308 115,553
Research and development expenses 2,591 2,457 8,222 7,908
Royalty expense 2,581 2,596 7,878 7,739
Income (loss) from operations 4,823 (4,669) 43,169 (6,842)
Interest expense (7,596) (7,537) (22,786) (22,578)
Foreign exchange gain (loss) 855 815 (7,187) 48
Other income 7,437 2,569 17,664 6,996
Income (loss) before income taxes 5,519 (8,822) 30,860 (22,376)
Provision for income taxes 2,841 2,396 3,738 5,964
Net income (loss) 2,678 (11,218) 27,122 (28,340)
Net income (loss) attributable to noncontrolling interests 383 800 (1,256) 1,424
Net income (loss) attributable to Titan 2,295 (12,018) 28,378 (29,764)
Redemption value adjustment 4,045 882 11,066 3,981
Net (loss) income applicable to common shareholders $ (1,750) $ (12,900) $ 17,312 $ (33,745)
Earnings per common share:        
Basic $ (0.03) $ (0.22) $ 0.29 $ (0.57)
Diluted $ (0.03) $ (0.22) $ 0.29 $ (0.57)
Average common shares and equivalents outstanding:        
Basic 59,897 59,600 59,787 59,247
Diluted 59,897 59,600 59,893 59,247
Dividends declared per common share: $ 0.005 $ 0.005 $ 0.015 $ 0.015