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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 81,685 $ 143,570
Certificates of deposit   0
Accounts receivable (net of allowance of $3,404 and $2,974, respectively) 241,832 226,703
Inventories 395,735 339,836
Prepaid and other current assets 60,229 73,084
Total current assets 779,481 783,193
Property, plant and equipment, net 384,872 421,248
Deferred income taxes 2,874 3,779
Other long-term assets 84,029 81,892
Total assets 1,251,256 1,290,112
Current liabilities    
Short-term debt 51,885 43,651
Accounts payable 212,129 195,497
Other current liabilities 111,054 133,774
Total current liabilities 375,068 372,922
Long-term debt 409,572 407,171
Deferred income taxes 9,416 13,545
Other long-term liabilities 67,290 73,197
Total liabilities 861,346 866,835
Redeemable noncontrolling interest 119,813 113,193
Titan stockholders' equity    
Common stock ($0.0001 par, 120,000,000 shares authorized, 60,715,356 issued at December 2018 and December 2017) 0 0
Additional paid-in capital 519,498 531,708
Retained earnings (deficit) (29,048) (44,022)
Treasury stock (at cost, 798,383 shares at December 2018 and 914,797 shares at December 2017) (7,831) (8,606)
Stock reserved for deferred compensation 0 (1,075)
Accumulated other comprehensive loss (203,571) (157,076)
Total Titan stockholders’ equity 279,048 320,929
Noncontrolling interests (8,951) (10,845)
Total equity 270,097 310,084
Total liabilities and equity $ 1,251,256 $ 1,290,112