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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenue from Contract with Customer, Excluding Assessed Tax $ 410,374 $ 425,382
Cost of sales 365,110 365,821
Gross profit 45,264 59,561
Selling, general and administrative expenses 35,905 34,639
Research and development expenses 2,617 2,877
Royalty expense 2,606 2,663
Income (loss) from operations 4,136 19,382
Interest expense (7,933) (7,518)
Foreign exchange gain (loss) 5,723 (4,432)
Other income 996 7,750
Income before income taxes 2,922 15,182
Provision (benefit) for income taxes 1,915 (786)
Net income 1,007 15,968
Net loss attributable to noncontrolling interests (970) (1,679)
Net income attributable to Titan 1,977 17,647
Redemption value adjustment 776 2,343
Net income applicable to common shareholders $ 1,201 $ 15,304
Earnings per common share:    
Basic $ 0.02 $ 0.26
Diluted $ 0.02 $ 0.26
Average common shares and equivalents outstanding:    
Basic 59,946 59,711
Diluted 59,946 59,876
Dividends declared per common share: $ 0.005 $ 0.005