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SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Tables)

9 Months Ended

Sep. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Income Statement [Table Text Block]



(Amounts in thousands)	Condensed Consolidating Statements of Operations For the Three Months Ended September 30, 2018
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	142,040		$	384,510		$	(141,831	)	$	384,719
Cost of sales	150			128,270			354,426			(141,831		)	341,015
Gross (loss) profit	(150		)	13,770			30,084			—			43,704
Selling, general and administrative expenses	317			14,017			19,375			—			33,709
Research and development expenses	332			936			1,323			—			2,591
Royalty expense	594			943			1,044			—			2,581
(Loss) income from operations	(1,393		)	(2,126		)	8,342			—			4,823
Interest expense	(6,817		)	—			(779		)	—			(7,596		)
Intercompany interest income (expense)	634			839			(1,473		)	—			—
Foreign exchange (loss) gain	—			(57		)	912			—			855
Other income (expense)	5,421			(116		)	2,132			—			7,437
(Loss) income before income taxes	(2,155		)	(1,460		)	9,134			—			5,519
Provision for income taxes	423			614			1,804			—			2,841
Equity in earnings of subsidiaries	9,277			—			(6,005		)	(3,272		)	—
Net income (loss)	6,699			(2,074		)	1,325			(3,272		)	2,678
Net income attributable to noncontrolling interests	—			—			383			—			383
Net income (loss) attributable to Titan	$	6,699		$	(2,074	)	$	942		$	(3,272	)	$	2,295



(Amounts in thousands)	Condensed Consolidating Statements of Operations For the Three Months September 30, 2017
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net sales	$	—		$	138,557		$	232,431		$	—	$	370,988
Cost of sales	99			121,838			208,914			—		330,851
Gross (loss) profit	(99		)	16,719			23,517			—		40,137
Selling, general and administrative expenses	2,100			12,594			25,059			—		39,753
Research and development expenses	—			972			1,485			—		2,457
Royalty expense	217			1,435			944			—		2,596
(Loss) income from operations	(2,416		)	1,718			(3,971		)	—		(4,669		)
Interest expense	(7,231		)	—			(306		)	—		(7,537		)
Intercompany interest income (expense)	606			983			(1,589		)	—		—
Foreign exchange (loss) gain	(2		)	71			746			—		815
Other income (loss)	968			(358		)	1,959			—		2,569
(Loss) income before income taxes	(8,075		)	2,414			(3,161		)	—		(8,822		)
Provision for income taxes	889			994			513			—		2,396
Equity in earnings of subsidiaries	(2,252		)	—			(2,306		)	4,558		—
Net (loss) income	(11,216		)	1,420			(5,980		)	4,558		(11,218		)
Net income attributable to noncontrolling interests	—			—			800			—		800
Net (loss) income attributable to Titan	$	(11,216	)	$	1,420		$	(6,780	)	$	4,558	$	(12,018	)



(Amounts in thousands)	Condensed Consolidating Statements of Operations For the Nine Months Ended September 30, 2018
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	479,557		$	901,279		$	(141,831	)	$	1,239,005
Cost of sales	396			410,008			808,855			(141,831		)	1,077,428
Gross (loss) profit	(396		)	69,549			92,424			—			161,577
Selling, general and administrative expenses	3,191			46,276			52,841			—			102,308
Research and development expenses	825			2,905			4,492			—			8,222
Royalty expense	1,475			3,396			3,007			—			7,878
(Loss) income from operations	(5,887		)	16,972			32,084			—			43,169
Interest expense	(20,456		)	—			(2,330		)	—			(22,786		)
Intercompany interest income (expense)	1,886			2,761			(4,647		)	—			—
Foreign exchange loss	—			(727		)	(6,460		)	—			(7,187		)
Other income (expense)	12,051			(428		)	6,041			—			17,664
(Loss) income before income taxes	(12,406		)	18,578			24,688			—			30,860
(Benefit) provision for income taxes	(12,033		)	7,918			7,853			—			3,738
Equity in earnings of subsidiaries	27,498			—			(1,459		)	(26,039		)	—
Net income (loss)	27,125			10,660			15,376			(26,039		)	27,122
Net loss attributable to noncontrolling interests	—			—			(1,256		)	—			(1,256		)
Net income (loss) attributable to Titan	$	27,125		$	10,660		$	16,632		$	(26,039	)	$	28,378



(Amounts in thousands)	Condensed Consolidating Statements of Operations For the Nine Months Ended September 30, 2017
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net sales	$	—		$	429,636		$	663,252		$	—	$	1,092,888
Cost of sales	256			378,002			590,272			—		968,530
Gross (loss) profit	(256		)	51,634			72,980			—		124,358
Selling, general and administrative expenses	10,038			43,906			61,609			—		115,553
Research and development expenses	—			2,825			5,083			—		7,908
Royalty expense	883			4,140			2,716			—		7,739
(Loss) income from operations	(11,177		)	763			3,572			—		(6,842		)
Interest expense	(21,909		)	—			(669		)	—		(22,578		)
Intercompany interest income (expense)	1,775			2,930			(4,705		)	—		—
Foreign exchange (loss) gain	(2		)	30			20			—		48
Other income (expense)	3,179			(1,076		)	4,893			—		6,996
(Loss) income before income taxes	(28,134		)	2,647			3,111			—		(22,376		)
(Benefit) provision for income taxes	(620		)	2,489			4,095			—		5,964
Equity in earnings of subsidiaries	2,120			—			(10,715		)	8,595		—
Net (loss) income	(25,394		)	158			(11,699		)	8,595		(28,340		)
Net income attributable to noncontrolling interests	—			—			1,424			—		1,424
Net (loss) income attributable to Titan	$	(25,394	)	$	158		$	(13,123	)	$	8,595	$	(29,764	)

Condensed Statement of Comprehensive Income [Table Text Block]



(Amounts in thousands)	Condensed Consolidating Statements of Comprehensive Income (Loss) For the Three Months Ended September 30, 2018
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	6,699		$	(2,074	)	$	1,325		$	(3,272	)	$	2,678
Currency translation adjustment	(13,577		)	—			(13,577		)	13,577			(13,577		)
Pension liability adjustments, net of tax	733			646			87			(733		)	733
Comprehensive (loss) income	(6,145		)	(1,428		)	(12,165		)	9,572			(10,166		)
Net comprehensive loss attributable to redeemable and noncontrolling interests	—			—			(811		)	—			(811		)
Comprehensive (loss) income attributable to Titan	$	(6,145	)	$	(1,428	)	$	(11,354	)	$	9,572		$	(9,355	)



(Amounts in thousands)	Condensed Consolidating Statements of Comprehensive Income (Loss) For the Three Months Ended September 30, 2017
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net (loss) income	$	(11,216	)	$	1,420	$	(5,980	)	$	4,558		$	(11,218	)
Currency translation adjustment	14,015			—		14,015			(14,015		)	14,015
Pension liability adjustments, net of tax	180			625		(445		)	(180		)	180
Comprehensive income (loss)	2,979			2,045		7,590			(9,637		)	2,977
Net comprehensive income attributable to redeemable and noncontrolling interests	—			—		1,436			—			1,436
Comprehensive income (loss) attributable to Titan	$	2,979		$	2,045	$	6,154		$	(9,637	)	$	1,541



(Amounts in thousands)	Condensed Consolidating Statements of Comprehensive Income (Loss) For the Nine Months Ended September 30, 2018
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	27,125		$	10,660	$	15,376		$	(26,039	)	$	27,122
Currency translation adjustment	(43,853		)	—		(43,853		)	43,853			(43,853		)
Pension liability adjustments, net of tax	2,306			1,938		368			(2,306		)	2,306
Comprehensive (loss) income	(14,422		)	12,598		(28,109		)	15,508			(14,425		)
Net comprehensive loss attributable to redeemable and noncontrolling interests	—			—		(4,036		)	—			(4,036		)
Comprehensive (loss) income attributable to Titan	$	(14,422	)	$	12,598	$	(24,073	)	$	15,508		$	(10,389	)



(Amounts in thousands)	Condensed Consolidating Statements of Comprehensive Income (Loss) For the Nine Months Ended September 30, 2017
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net (loss) income	$	(25,394	)	$	158	$	(11,699	)	$	8,595		$	(28,340	)
Currency translation adjustment	33,040			—		33,040			(33,040		)	33,040
Pension liability adjustments, net of tax	1,902			1,875		27			(1,902		)	1,902
Comprehensive income (loss)	9,548			2,033		21,368			(26,347		)	6,602
Net comprehensive income attributable to redeemable and noncontrolling interests	—			—		2,657			—			2,657
Comprehensive income (loss) attributable to Titan	$	9,548		$	2,033	$	18,711		$	(26,347	)	$	3,945

Condensed Balance Sheet [Table Text Block]



(Amounts in thousands)	Condensed Consolidating Balance Sheets September 30, 2018
	Titan Intl., Inc. (Parent)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Cash and cash equivalents	$	36,416	$	5		$	60,378		$	—		$	96,799
Accounts receivable, net	—		2			259,352			—			259,354
Inventories	—		64,829			317,140			—			381,969
Prepaid and other current assets	4,061		19,535			42,957			—			66,553
Total current assets	40,477		84,371			679,827			—			804,675
Property, plant and equipment, net	10,637		99,590			274,758			—			384,985
Investment in subsidiaries	757,418		—			73,601			(831,019		)	—
Other assets	6,288		958			77,174			—			84,420
Total assets	$	814,820	$	184,919		$	1,105,360		$	(831,019	)	$	1,274,080
Liabilities and Equity
Short-term debt	$	329	$	—		$	49,928		$	—		$	50,257
Accounts payable	1,763		28,496			177,978			—			208,237
Other current liabilities	26,541		23,722			72,981			—			123,244
Total current liabilities	28,633		52,218			300,887			—			381,738
Long-term debt	396,405		—			14,614			—			411,019
Other long-term liabilities	9,181		12,307			51,295			—			72,783
Intercompany accounts	75,261		(393,726		)	318,465			—			—
Redeemable noncontrolling interest	—		—			119,897			—			119,897
Titan shareholders' equity	305,340		514,120			307,320			(831,019		)	295,761
Noncontrolling interests	—		—			(7,118		)	—			(7,118		)
Total liabilities and equity	$	814,820	$	184,919		$	1,105,360		$	(831,019	)	$	1,274,080



(Amounts in thousands)	Condensed Consolidating Balance Sheets December 31, 2017
	Titan Intl., Inc. (Parent)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Cash and cash equivalents	$	59,740	$	13		$	83,817		$	—		$	143,570
Accounts receivable, net	—		54,009			172,694			—			226,703
Inventories	—		96,036			243,800			—			339,836
Prepaid and other current assets	17,789		20,917			34,378			—			73,084
Total current assets	77,529		170,975			534,689			—			783,193
Property, plant and equipment, net	2,466		110,470			308,312			—			421,248
Investment in subsidiaries	766,777		—			74,003			(840,780		)	—
Other assets	6,389		967			78,315			—			85,671
Total assets	$	853,161	$	282,412		$	995,319		$	(840,780	)	$	1,290,112
Liabilities and Equity
Short-term debt	$	—	$	—		$	43,651		$	—		$	43,651
Accounts payable	4,258		20,787			170,452			—			195,497
Other current liabilities	38,495		30,170			65,109			—			133,774
Total current liabilities	42,753		50,957			279,212			—			372,922
Long-term debt	394,284		—			12,887			—			407,171
Other long-term liabilities	11,544		16,458			58,740			—			86,742
Intercompany accounts	75,103		(286,525		)	211,422			—			—
Redeemable noncontrolling interest	—		—			113,193			—			113,193
Titan shareholders' equity	329,477		501,522			330,710			(840,780		)	320,929
Noncontrolling interests	—		—			(10,845		)	—			(10,845		)
Total liabilities and equity	$	853,161	$	282,412		$	995,319		$	(840,780	)	$	1,290,112

Condensed Cash Flow Statement [Table Text Block]



(Amounts in thousands)	Condensed Consolidating Statements of Cash Flows For the Nine Months Ended September 30, 2018
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash (used for) provided by operating activities	$	(22,905	)	$	3,827		$	(13,628	)	$	(32,706	)
Cash flows from investing activities:
Capital expenditures	(259		)	(3,836		)	(22,403		)	(26,498		)
Other, net	740			1			743			1,484
Net cash provided by (used for) investing activities	481			(3,835		)	(21,660		)	(25,014		)
Cash flows from financing activities:
Proceeds from borrowings	—			—			48,108			48,108
Payment on debt	—			—			(30,139		)	(30,139		)
Dividends paid	(900		)	—			—			(900		)
Net cash (used for) provided by financing activities	(900		)	—			17,969			17,069
Effect of exchange rate change on cash	—			—			(6,120		)	(6,120		)
Net decrease in cash and cash equivalents	(23,324		)	(8		)	(23,439		)	(46,771		)
Cash and cash equivalents, beginning of period	59,740			13			83,817			143,570
Cash and cash equivalents, end of period	$	36,416		$	5		$	60,378		$	96,799



(Amounts in thousands)	Condensed Consolidating Statements of Cash Flows For the Nine Months Ended September 30, 2017
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash (used for) provided by operating activities	$	(53,211	)	$	4,107		$	33,892		$	(15,212	)
Cash flows from investing activities:
Capital expenditures	(815		)	(4,472		)	(18,293		)	(23,580		)
Certificates of deposit	50,000			—			—			50,000
Other, net	—			366			927			1,293
Net cash provided by (used for) investing activities	49,185			(4,106		)	(17,366		)	27,713
Cash flows from financing activities:
Proceeds from borrowings	—			—			33,540			33,540
Payment on debt	(3,393		)	—			(37,610		)	(41,003		)
Dividends paid	(868		)	—			—			(868		)
Net cash used for financing activities	(4,261		)	—			(4,070		)	(8,331		)
Effect of exchange rate change on cash	—			—			3,678			3,678
Net (decrease) increase in cash and cash equivalents	(8,287		)	1			16,134			7,848
Cash and cash equivalents, beginning of period	86,190			9			61,628			147,827
Cash and cash equivalents, end of period	$	77,903		$	10		$	77,762		$	155,675