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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,602,408 $ 1,468,922 $ 1,265,497
Cost of Goods and Services Sold 1,404,142 1,298,694 1,124,082
Asset impairment 0 9,917 0
Gross profit 198,266 160,311 141,415
Selling, general and administrative expenses 134,789 150,676 144,988
Research and development expenses 11,146 10,302 9,971
Royalty expense 10,087 10,484 8,856
Loss from operations 42,244 (11,151) (22,400)
Interest expense (30,456) (30,229) (32,539)
Loss on senior note repurchase 0 (18,646) 0
Foreign exchange (loss) gain (11,179) (1,958) 8,550
Other income 19,198 9,108 9,915
Income (loss) before income taxes 19,807 (52,876) (36,474)
Provision for income taxes 6,762 11,203 3,281
Net loss 13,045 (64,079) (39,755)
Net loss attributable to noncontrolling interests 3,042 4,037 2,150
Net income (loss) attributable to Titan 16,087 (60,042) (37,605)
Redemption value adjustment (12,207) (6,393) (9,556)
Net income (loss) applicable to common shareholders $ 3,880 $ (66,435) $ (47,161)
Earnings (loss) per common share:      
Earnings Per Share, Basic $ 0.06 $ (1.12) $ (0.87)
Earnings Per Share, Diluted $ 0.06 $ (1.12) $ (0.87)
Average common shares outstanding:      
Basic 59,820 59,340 53,916
Diluted 59,909 59,340 53,916
Dividends declared per common share: $ 0.02 $ 0.02 $ 0.02