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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,448,666 $ 1,602,408 $ 1,468,922
Cost of Goods and Services Sold 1,319,662 1,404,142 1,298,694
Asset impairment 0 0 9,917
Gross profit 129,004 198,266 160,311
Selling, general and administrative expenses 137,697 134,789 150,676
Research and development expenses 9,859 11,146 10,302
Royalty expense 9,880 10,087 10,484
Loss from operations (28,432) 42,244 (11,151)
Interest expense (33,137) (30,456) (30,229)
Loss on senior note repurchase 0 0 (18,646)
Foreign exchange gain (loss) 3,999 (11,179) (1,958)
Other income 9,526 19,198 9,108
(Loss) income before income taxes (48,044) 19,807 (52,876)
Provision for income taxes 3,475 6,762 11,203
Net loss (51,519) 13,045 (64,079)
Net loss attributable to noncontrolling interests 3,094 3,042 4,037
Net (loss) income attributable to Titan (48,425) 16,087 (60,042)
Redemption value adjustment (1,928) (12,207) (6,393)
Net (loss) income applicable to common shareholders $ (50,353) $ 3,880 $ (66,435)
Earnings (loss) per common share:      
Earnings Per Share, Basic $ (0.84) $ 0.06 $ (1.12)
Earnings Per Share, Diluted $ (0.84) $ 0.06 $ (1.12)
Average common shares outstanding:      
Basic 60,100 59,820 59,340
Diluted 60,100 59,909 59,340
Dividends declared per common share: $ 0.02 $ 0.02 $ 0.02