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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 96,799 $ 143,570
Accounts receivable, net 259,354 226,703
Inventories 381,969 339,836
Prepaid and other current assets 66,553 73,084
Total current assets 804,675 783,193
Property, plant and equipment, net 384,985 421,248
Deferred income taxes 2,320 3,779
Other assets 82,100 81,892
Total assets 1,274,080 1,290,112
Current liabilities    
Short-term debt 50,257 43,651
Accounts payable 208,237 195,497
Other current liabilities 123,244 133,774
Total current liabilities 381,738 372,922
Long-term debt 411,019 407,171
Deferred income taxes 10,359 13,545
Other long-term liabilities 62,424 73,197
Total liabilities 865,540 866,835
Redeemable noncontrolling interest 119,897 113,193
Titan stockholders' equity    
Common stock ($0.0001 par value, 120,000,000 shares authorized, 60,715,356 issued, 59,897,619 outstanding at September 30, 2018 and 59,800,559 outstanding at December 31, 2017) 0 0
Additional paid-in capital 520,389 531,708
Retained deficit (16,456) (44,022)
Treasury stock (at cost, 817,737 and 914,797 shares, respectively) (8,004) (8,606)
Stock reserved for deferred compensation 0 (1,075)
Accumulated other comprehensive loss (200,168) (157,076)
Total Titan shareholders’ equity 295,761 320,929
Noncontrolling interests (7,118) (10,845)
Total equity 288,643 310,084
Total liabilities and equity $ 1,274,080 $ 1,290,112