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SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2019
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 March 31, 2019
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 124,781 |  |  | $ | 410,275 |  |  | $ | (124,682 | ) |  | $ | 410,374 |
Cost of sales | 152 |  |  | 106,516 |  |  | 383,124 |  |  | (124,682 | ) |  | 365,110 |
Gross (loss) profit | (152 | ) |  | 18,265 |  |  | 27,151 |  |  | — |  |  | 45,264 |
Selling, general and administrative expenses | 1,151 |  |  | 11,608 |  |  | 23,146 |  |  | — |  |  | 35,905 |
Research and development expenses | 265 |  |  | 829 |  |  | 1,523 |  |  | — |  |  | 2,617 |
Royalty expense | 663 |  |  | 1,072 |  |  | 871 |  |  | — |  |  | 2,606 |
(Loss) income from operations | (2,231 | ) |  | 4,756 |  |  | 1,611 |  |  | — |  |  | 4,136 |
Interest expense | (6,927 | ) |  | — |  |  | (1,006 | ) |  | — |  |  | (7,933 | )
Intercompany interest income (expense) | 630 |  |  | 1,009 |  |  | (1,639 | ) |  | — |  |  | — |
Foreign exchange (loss) gain | (38 | ) |  | (60 | ) |  | 5,821 |  |  | — |  |  | 5,723 |
Other income (expense) | 330 |  |  | (279 | ) |  | 945 |  |  | — |  |  | 996 |
(Loss) income before income taxes | (8,236 | ) |  | 5,426 |  |  | 5,732 |  |  | — |  |  | 2,922 |
Provision for income taxes | 649 |  |  | 151 |  |  | 1,115 |  |  | — |  |  | 1,915 |
Equity in earnings of subsidiaries | 9,891 |  |  | — |  |  | 736 |  |  | (10,627 | ) |  | — |
Net income (loss) | 1,006 |  |  | 5,275 |  |  | 5,353 |  |  | (10,627 | ) |  | 1,007 |
Net loss attributable to noncontrolling interests | — |  |  | — |  |  | (970 | ) |  | — |  |  | (970 | )
Net income (loss) attributable to Titan | $ | 1,006 |  |  | $ | 5,275 |  |  | $ | 6,323 |  |  | $ | (10,627 | ) |  | $ | 1,977 |
(Amounts in thousands) | Condensed Consolidating Statements of Operations For the Three Months March 31, 2018
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 170,759 |  |  | $ | 254,623 |  |  | $ | — |  |  | $ | 425,382 |
Cost of sales | 108 |  |  | 141,530 |  |  | 224,183 |  |  | — |  |  | 365,821 |
Gross (loss) profit | (108 | ) |  | 29,229 |  |  | 30,440 |  |  | — |  |  | 59,561 |
Selling, general and administrative expenses | 1,196 |  |  | 15,275 |  |  | 18,168 |  |  | — |  |  | 34,639 |
Research and development expenses | 240 |  |  | 986 |  |  | 1,651 |  |  | — |  |  | 2,877 |
Royalty expense | 253 |  |  | 1,513 |  |  | 897 |  |  | — |  |  | 2,663 |
(Loss) income from operations | (1,797 | ) |  | 11,455 |  |  | 9,724 |  |  | — |  |  | 19,382 |
Interest expense | (6,813 | ) |  | — |  |  | (705 | ) |  | — |  |  | (7,518 | )
Intercompany interest income (expense) | 624 |  |  | 1,013 |  |  | (1,637 | ) |  | — |  |  | — |
Foreign exchange (loss) gain | — |  |  | (8 | ) |  | (4,424 | ) |  | — |  |  | (4,432 | )
Other income (loss) | 5,669 |  |  | (165 | ) |  | 2,246 |  |  | — |  |  | 7,750 |
(Loss) income before income taxes | (2,317 | ) |  | 12,295 |  |  | 5,204 |  |  | — |  |  | 15,182 |
Provision for income taxes | (10,066 | ) |  | 4,260 |  |  | 5,020 |  |  | — |  |  | (786 | )
Equity in earnings of subsidiaries | 6,938 |  |  | — |  |  | 4,337 |  |  | (11,275 | ) |  | — |
Net income (loss) | 14,687 |  |  | 8,035 |  |  | 4,521 |  |  | (11,275 | ) |  | 15,968 |
Net loss attributable to noncontrolling interests | — |  |  | — |  |  | (1,679 | ) |  | — |  |  | (1,679 | )
Net income (loss) attributable to Titan | $ | 14,687 |  |  | $ | 8,035 |  |  | $ | 6,200 |  |  | $ | (11,275 | ) |  | $ | 17,647 |
Condensed Statement of Comprehensive Income [Table Text Block] |
(Amounts in thousands) | Condensed Consolidating Statements of Comprehensive Income (Loss) For the Three Months Ended March 31, 2019
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | 1,006 |  |  | $ | 5,275 |  |  | $ | 5,353 |  |  | $ | (10,627 | ) |  | $ | 1,007 |
Currency translation adjustment | (4,379 | ) |  | — |  |  | (4,379 | ) |  | 4,379 |  |  | (4,379 | )
Pension liability adjustments, net of tax | 466 |  |  | 753 |  |  | (287 | ) |  | (466 | ) |  | 466 |
Comprehensive (loss) income | (2,907 | ) |  | 6,028 |  |  | 687 |  |  | (6,714 | ) |  | (2,906 | )
Net comprehensive loss attributable to redeemable and noncontrolling interests | — |  |  | — |  |  | (68 | ) |  | — |  |  | (68 | )
Comprehensive (loss) income attributable to Titan | $ | (2,907 | ) |  | $ | 6,028 |  |  | $ | 755 |  |  | $ | (6,714 | ) |  | $ | (2,838 | )
(Amounts in thousands) | Condensed Consolidating Statements of Comprehensive Income (Loss) For the Three Months Ended March 31, 2018
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net (loss) income | $ | 14,687 |  |  | $ | 8,035 |  |  | $ | 4,521 |  |  | $ | (11,275 | ) |  | $ | 15,968 |
Currency translation adjustment | 8,062 |  |  | — |  |  | 8,062 |  |  | (8,062 | ) |  | 8,062 |
Pension liability adjustments, net of tax | 883 |  |  | 646 |  |  | 237 |  |  | (883 | ) |  | 883 |
Comprehensive income (loss) | 23,632 |  |  | 8,681 |  |  | 12,820 |  |  | (20,220 | ) |  | 24,913 |
Net comprehensive income attributable to redeemable and noncontrolling interests | — |  |  | — |  |  | (1,040 | ) |  | — |  |  | (1,040 | )
Comprehensive income (loss) attributable to Titan | $ | 23,632 |  |  | $ | 8,681 |  |  | $ | 13,860 |  |  | $ | (20,220 | ) |  | $ | 25,953 |
Condensed Balance Sheet [Table Text Block] |
(Amounts in thousands) | Condensed Consolidating Balance Sheets March 31, 2019
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 12,307 |  |  | $ | 3 |  |  | $ | 56,005 |  |  | $ | — |  |  | $ | 68,315 |
Accounts receivable, net | — |  |  | 41 |  |  | 295,292 |  |  | — |  |  | 295,333 |
Inventories | — |  |  | 74,909 |  |  | 337,329 |  |  | — |  |  | 412,238 |
Prepaid and other current assets | 3,012 |  |  | 18,892 |  |  | 39,683 |  |  | — |  |  | 61,587 |
Total current assets | 15,319 |  |  | 93,845 |  |  | 728,309 |  |  | — |  |  | 837,473 |
Property, plant and equipment, net | 12,299 |  |  | 95,989 |  |  | 270,396 |  |  | — |  |  | 378,684 |
Investment in subsidiaries | 749,791 |  |  | — |  |  | 64,121 |  |  | (813,912 | ) |  | — |
Other assets | 2,658 |  |  | 5,592 |  |  | 100,849 |  |  | — |  |  | 109,099 |
Total assets | $ | 780,067 |  |  | $ | 195,426 |  |  | $ | 1,163,675 |  |  | $ | (813,912 | ) |  | $ | 1,325,256 |
Liabilities and Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term debt | $ | 425 |  |  | $ | — |  |  | $ | 65,922 |  |  | $ | — |  |  | $ | 66,347 |
Accounts payable | 3,750 |  |  | 47,826 |  |  | 199,342 |  |  | — |  |  | 250,918 |
Other current liabilities | 29,456 |  |  | 23,235 |  |  | 69,288 |  |  | — |  |  | 121,979 |
Total current liabilities | 33,631 |  |  | 71,061 |  |  | 334,552 |  |  | — |  |  | 439,244 |
Long-term debt | 421,831 |  |  | — |  |  | 10,931 |  |  | — |  |  | 432,762 |
Other long-term liabilities | 8,644 |  |  | 20,333 |  |  | 63,802 |  |  | — |  |  | 92,779 |
Intercompany accounts | 21,988 |  |  | (408,857 | ) |  | 386,869 |  |  | — |  |  | — |
Redeemable noncontrolling interest | — |  |  | — |  |  | 70,800 |  |  | — |  |  | 70,800 |
Titan shareholders' equity | 293,973 |  |  | 512,889 |  |  | 291,443 |  |  | (813,912 | ) |  | 284,393 |
Noncontrolling interests | — |  |  | — |  |  | 5,278 |  |  | — |  |  | 5,278 |
Total liabilities and equity | $ | 780,067 |  |  | $ | 195,426 |  |  | $ | 1,163,675 |  |  | $ | (813,912 | ) |  | $ | 1,325,256 |
(Amounts in thousands) | Condensed Consolidating Balance Sheets December 31, 2018
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 23,630 |  |  | $ | 4 |  |  | $ | 58,051 |  |  | $ | — |  |  | $ | 81,685 |
Accounts receivable, net | — |  |  | — |  |  | 241,832 |  |  | — |  |  | 241,832 |
Inventories | — |  |  | 68,858 |  |  | 326,877 |  |  | — |  |  | 395,735 |
Prepaid and other current assets | 3,853 |  |  | 18,845 |  |  | 37,531 |  |  | — |  |  | 60,229 |
Total current assets | 27,483 |  |  | 87,707 |  |  | 664,291 |  |  | — |  |  | 779,481 |
Property, plant and equipment, net | 12,493 |  |  | 98,856 |  |  | 273,523 |  |  | — |  |  | 384,872 |
Investment in subsidiaries | 749,645 |  |  | — |  |  | 66,308 |  |  | (815,953 | ) |  | — |
Other assets | 6,268 |  |  | 944 |  |  | 79,691 |  |  | — |  |  | 86,903 |
Total assets | $ | 795,889 |  |  | $ | 187,507 |  |  | $ | 1,083,813 |  |  | $ | (815,953 | ) |  | $ | 1,251,256 |
Liabilities and Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term debt | $ | 419 |  |  | $ | — |  |  | $ | 51,466 |  |  | $ | — |  |  | $ | 51,885 |
Accounts payable | 1,447 |  |  | 29,922 |  |  | 180,760 |  |  | — |  |  | 212,129 |
Other current liabilities | 22,065 |  |  | 20,051 |  |  | 68,938 |  |  | — |  |  | 111,054 |
Total current liabilities | 23,931 |  |  | 49,973 |  |  | 301,164 |  |  | — |  |  | 375,068 |
Long-term debt | 396,700 |  |  | — |  |  | 12,872 |  |  | — |  |  | 409,572 |
Other long-term liabilities | 9,268 |  |  | 17,521 |  |  | 49,917 |  |  | — |  |  | 76,706 |
Intercompany accounts | 77,363 |  |  | (390,382 | ) |  | 313,019 |  |  | — |  |  | — |
Redeemable noncontrolling interest | — |  |  | — |  |  | 119,813 |  |  | — |  |  | 119,813 |
Titan shareholders' equity | 288,627 |  |  | 510,395 |  |  | 295,979 |  |  | (815,953 | ) |  | 279,048 |
Noncontrolling interests | — |  |  | — |  |  | (8,951 | ) |  | — |  |  | (8,951 | )
Total liabilities and equity | $ | 795,889 |  |  | $ | 187,507 |  |  | $ | 1,083,813 |  |  | $ | (815,953 | ) |  | $ | 1,251,256 |
Condensed Cash Flow Statement [Table Text Block] |
(Amounts in thousands) | Condensed Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2019
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated
Net cash (used for) provided by operating activities | $ | (11,022 | ) |  | $ | 1,545 |  |  | $ | (6,142 | ) |  | $ | (15,619 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (1,700 | ) |  | (7,753 | ) |  | (9,453 | )
Payment related to redeemable noncontrolling interest agreement | (25,000 | ) |  | — |  |  | — |  |  | (25,000 | )
Other, net | — |  |  | 154 |  |  | 40 |  |  | 194 |
Net cash used for investing activities | (25,000 | ) |  | (1,546 | ) |  | (7,713 | ) |  | (34,259 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings | 25,000 |  |  | — |  |  | 27,398 |  |  | 52,398 |
Payment on debt | — |  |  | — |  |  | (15,357 | ) |  | (15,357 | )
Dividends paid | (301 | ) |  | — |  |  | — |  |  | (301 | )
Net cash provided by financing activities | 24,699 |  |  | — |  |  | 12,041 |  |  | 36,740 |
Effect of exchange rate change on cash | — |  |  | — |  |  | (232 | ) |  | (232 | )
Net decrease in cash and cash equivalents | (11,323 | ) |  | (1 | ) |  | (2,046 | ) |  | (13,370 | )
Cash and cash equivalents, beginning of period | 23,630 |  |  | 4 |  |  | 58,051 |  |  | 81,685 |
Cash and cash equivalents, end of period | $ | 12,307 |  |  | $ | 3 |  |  | $ | 56,005 |  |  | $ | 68,315 |
(Amounts in thousands) | Condensed Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2018
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated
Net cash (used for) provided by operating activities | $ | (13,778 | ) |  | $ | 1,375 |  |  | $ | (23,280 | ) |  | $ | (35,683 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (1,380 | ) |  | (6,427 | ) |  | (7,807 | )
Other, net | 220 |  |  | 1 |  |  | 573 |  |  | 794 |
Net cash provided by (used for) investing activities | 220 |  |  | (1,379 | ) |  | (5,854 | ) |  | (7,013 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings | — |  |  | — |  |  | 16,480 |  |  | 16,480 |
Payment on debt | — |  |  | — |  |  | (5,720 | ) |  | (5,720 | )
Dividends paid | (299 | ) |  | — |  |  | — |  |  | (299 | )
Net cash (used for) provided by financing activities | (299 | ) |  | — |  |  | 10,760 |  |  | 10,461 |
Effect of exchange rate change on cash | — |  |  | — |  |  | 1,094 |  |  | 1,094 |
Net (decrease) in cash and cash equivalents | (13,857 | ) |  | (4 | ) |  | (17,280 | ) |  | (31,141 | )
Cash and cash equivalents, beginning of period | 59,740 |  |  | 13 |  |  | 83,817 |  |  | 143,570 |
Cash and cash equivalents, end of period | $ | 45,883 |  |  | $ | 9 |  |  | $ | 66,537 |  |  | $ | 112,429 |

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