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SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Income Statement [Table Text Block]



(Amounts in thousands)	Consolidating Condensed Statements of Operations Year Ended December 31, 2019
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	590,201		$	1,449,876		$	(591,411	)	$	1,448,666
Cost of sales	260			550,438			1,360,375			(591,411		)	1,319,662
Gross (loss) profit	(260		)	39,763			89,501			—			129,004
Selling, general, and administrative expenses	6,332			46,780			84,585			—			137,697
Research and development expenses	1,045			2,920			5,894			—			9,859
Royalty expense	2,766			3,575			3,539			—			9,880
(Loss) income from operations	(10,403		)	(13,512		)	(4,517		)	—			(28,432		)
Interest expense	(28,741		)	(10		)	(4,386		)	—			(33,137		)
Intercompany interest income (expense)	2,697			3,501			(6,198		)	—			—
Foreign exchange loss	(61		)	(67		)	4,127			—			3,999
Other income (expense)	1,922			(2,163		)	9,767			—			9,526
Loss before income taxes	(34,586		)	(12,251		)	(1,207		)	—			(48,044		)
(Benefit) provision for income taxes	(3,665		)	525			6,615			—			3,475
Equity in (loss) earnings of subsidiaries	(20,598		)	—			(8,767		)	29,365			—
Net (loss) income	(51,519		)	(12,776		)	(16,589		)	29,365			(51,519		)
Net loss noncontrolling interests	—			—			(3,094		)	—			(3,094		)
Net (loss) income attributable to Titan	$	(51,519	)	$	(12,776	)	$	(13,495	)	$	29,365		$	(48,425	)



(Amounts in thousands)	Consolidating Condensed Statements of Operations Year Ended December 31, 2018
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	588,080		$	1,263,589		$	(249,261	)	$	1,602,408
Cost of sales	(512		)	505,883			1,148,032			(249,261		)	1,404,142
Gross profit (loss)	512			82,197			115,557			—			198,266
Selling, general, and administrative expenses	4,957			54,612			75,220			—			134,789
Research and development expenses	1,113			3,733			6,300			—			11,146
Royalty expense	2,128			4,026			3,933			—			10,087
(Loss) income from operations	(7,686		)	19,826			30,104			—			42,244
Interest expense	(27,299		)	—			(3,157		)	—			(30,456		)
Intercompany interest income (expense)	2,517			3,695			(6,212		)	—			—
Foreign exchange loss	—			(653		)	(10,526		)	—			(11,179		)
Other income (loss)	12,720			(476		)	6,954			—			19,198
(Loss) income before income taxes	(19,748		)	22,392			17,163			—			19,807
(Benefit) provision for income taxes	(10,802		)	9,754			7,810			—			6,762
Equity in earnings (loss) of subsidiaries	21,991			—			(2,008		)	(19,983		)	—
Net income (loss)	13,045			12,638			7,345			(19,983		)	13,045
Net loss noncontrolling interests	—			—			(3,042		)	—			(3,042		)
Net income (loss) attributable to Titan	$	13,045		$	12,638		$	10,387		$	(19,983	)	$	16,087



(Amounts in thousands)	Consolidating Condensed Statements of Operations Year Ended December 31, 2017
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net sales	$	—		$	567,830		$	901,092		$	—	$	1,468,922
Cost of sales	362			494,775			803,557			—		1,298,694
Asset impairment	—			—			9,917			—		9,917
Gross (loss) profit	(362		)	73,055			87,618			—		160,311
Selling, general, and administrative expenses	14,218			59,769			76,689			—		150,676
Research and development expenses	—			3,685			6,617			—		10,302
Royalty expense	1,178			5,703			3,603			—		10,484
(Loss) income from operations	(15,758		)	3,898			709			—		(11,151		)
Interest expense	(29,182		)	—			(1,047		)	—		(30,229		)
Loss on senior note repurchase	(18,646		)	—			—			—		(18,646		)
Intercompany interest income (expense)	2,412			3,937			(6,349		)	—		—
Foreign exchange gain	(2		)	(100		)	(1,856		)	—		(1,958		)
Other income (loss)	4,623			(1,342		)	5,827			—		9,108
(Loss) income before income taxes	(56,553		)	6,393			(2,716		)	—		(52,876		)
(Benefit) provision for income taxes	(1,446		)	4,173			8,476			—		11,203
Equity in (loss) earnings of subsidiaries	(8,972		)	—			(8,400		)	17,372		—
Net (loss) income	(64,079		)	2,220			(19,592		)	17,372		(64,079		)
Net loss noncontrolling interests	—			—			(4,037		)	—		(4,037		)
Net (loss) income attributable to Titan	$	(64,079	)	$	2,220		$	(15,555	)	$	17,372	$	(60,042	)

Condensed Statement of Comprehensive Income [Table Text Block]



(Amounts in thousands)	Consolidating Condensed Statements of Comprehensive Income (Loss) For the Year Ended December 31, 2019
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net (loss) income	$	(51,519	)	$	(12,776	)	$	(16,589	)	$	29,365		$	(51,519	)
Currency translation adjustment, net	(8,949		)	—			(8,949		)	8,949			(8,949		)
Pension liability adjustments, net of tax	6,566			6,189			377			(6,566		)	6,566
Comprehensive (loss) income	(53,902		)	(6,587		)	(25,161		)	31,748			(53,902		)
Net comprehensive loss attributable to noncontrolling interests	—			—			(1,533		)	—			(1,533		)
Comprehensive (loss) income attributable to Titan	$	(53,902	)	$	(6,587	)	$	(23,628	)	$	31,748		$	(52,369	)



(Amounts in thousands)	Consolidating Condensed Statements of Comprehensive Income (Loss) For the Year Ended December 31, 2018
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	13,045		$	12,638		$	7,345		$	(19,983	)	$	13,045
Currency translation adjustment, net	(41,966		)	—			(41,966		)	41,966			(41,966		)
Pension liability adjustments, net of tax	(3,650		)	(3,765		)	115			3,650			(3,650		)
Comprehensive (loss) income	(32,571		)	8,873			(34,506		)	25,633			(32,571		)
Net comprehensive loss attributable to noncontrolling interests	—			—			(6,488		)	—			(6,488		)
Comprehensive (loss) income attributable to Titan	$	(32,571	)	$	8,873		$	(28,018	)	$	25,633		$	(26,083	)



(Amounts in thousands)	Consolidating Condensed Statements of Comprehensive Income (Loss) For the Year Ended December 31, 2017
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net (loss) income	$	(64,079	)	$	2,220	$	(19,592	)	$	17,372		$	(64,079	)
Currency translation adjustment, net	30,818			—		30,818			(30,818		)	30,818
Pension liability adjustments, net of tax	1,523			1,807		(284		)	(1,523		)	1,523
Comprehensive (loss) income	(31,738		)	4,027		10,942			(14,969		)	(31,738		)
Net comprehensive income attributable to noncontrolling interests	—			—		(2,898		)	—			(2,898		)
Comprehensive (loss) income attributable to Titan	$	(31,738	)	$	4,027	$	13,840		$	(14,969	)	$	(28,840	)

Condensed Balance Sheet [Table Text Block]



(Amounts in thousands)	Consolidating Condensed Balance Sheets December 31, 2019
	Titan Intl., Inc. (Parent)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	2,843	$	4		$	63,952	$	—		$	66,799
Accounts receivable	—		2			185,236		—			185,238
Inventories	—		41,088			292,268		—			333,356
Prepaid and other current assets	3,217		17,352			38,300		—			58,869
Total current assets	6,060		58,446			579,756		—			644,262
Property, plant, and equipment, net	10,646		91,734			272,418		—			374,798
Investment in subsidiaries	763,336		—			61,019		(824,355		)	—
Other long-term assets	3,405		4,211			87,631		—			95,247
Total assets	$	783,447	$	154,391		$	1,000,824	$	(824,355	)	$	1,114,307
Liabilities and Stockholders’ Equity
Short-term debt	$	514	$	69		$	60,670	$	—		$	61,253
Accounts payable	4,951		18,455			135,241		—			158,647
Other current liabilities	20,912		17,941			68,400		—			107,253
Total current liabilities	26,377		36,465			264,311		—			327,153
Long-term debt	433,242		201			9,906		—			443,349
Other long-term liabilities	5,211		15,242			59,364		—			79,817
Intercompany accounts	42,798		(397,847		)	355,049		—			—
Redeemable noncontrolling interest	—		—			25,000		—			25,000
Titan stockholders' equity	275,819		500,330			283,057		(824,355		)	234,851
Noncontrolling interests	—		—			4,137		—			4,137
Total liabilities and stockholders’ equity	$	783,447	$	154,391		$	1,000,824	$	(824,355	)	$	1,114,307



(Amounts in thousands)	Consolidating Condensed 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	—		—			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 long-term assets	6,268		944			79,691			—			86,903
Total assets	$	795,889	$	187,507		$	1,083,813		$	(815,953	)	$	1,251,256
Liabilities and Stockholders’ 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 stockholders’ equity	288,627		510,395			295,979			(815,953		)	279,048
Noncontrolling interests	—		—			(8,951		)	—			(8,951		)
Total liabilities and stockholders’ equity	$	795,889	$	187,507		$	1,083,813		$	(815,953	)	$	1,251,256

Condensed Cash Flow Statement [Table Text Block]



(Amounts in thousands)	Consolidating Condensed Statements of Cash Flows Year Ended December 31, 2019
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by operating activities	$	16,282		$	8,621		$	20,539		$	45,442
Cash flows from investing activities:
Capital expenditures	(21		)	(9,079		)	(27,314		)	(36,414		)
Sale of Wheels India shares	—			—			19,021			19,021
Payments related to redeemable noncontrolling interest	(71,722		)	—			—			(71,722		)
Other, net	—			188			(3,664		)	(3,476		)
Net cash used for investing activities	(71,743		)	(8,891		)	(11,957		)	(92,591		)
Cash flows from financing activities:
Proceeds from borrowings	73,000			287			60,940			134,227
Payment on debt	(37,122		)	(17		)	(63,762		)	(100,901		)
Dividends paid	(1,204		)	—			—			(1,204		)
Net cash provided by (used for) financing activities	34,674			270			(2,822		)	32,122
Effect of exchange rate change on cash	—			—			141			141
Net (decrease) increase in cash and cash equivalents	(20,787		)	—			5,901			(14,886		)
Cash and cash equivalents, beginning of period	23,630			4			58,051			81,685
Cash and cash equivalents, end of period	$	2,843		$	4		$	63,952		$	66,799



(Amounts in thousands)	Consolidating Condensed Statements of Cash Flows Year Ended December 31, 2018
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash (used for) provided by operating activities	$	(34,764	)	$	6,143		$	(7,555	)	$	(36,176	)
Cash flows from investing activities:
Capital expenditures	(939		)	(6,174		)	(31,887		)	(39,000		)
Other, net	794			22			1,253			2,069
Net cash used for investing activities	(145		)	(6,152		)	(30,634		)	(36,931		)
Cash flows from financing activities:
Proceeds from borrowings	—			—			57,294			57,294
Payment on debt	—			—			(38,557		)	(38,557		)
Dividends paid	(1,201		)	—			—			(1,201		)
Net cash (used for) provided by financing activities	(1,201		)	—			18,737			17,536
Effect of exchange rate change on cash	—			—			(6,314		)	(6,314		)
Net decrease in cash and cash equivalents	(36,110		)	(9		)	(25,766		)	(61,885		)
Cash and cash equivalents, beginning of period	59,740			13			83,817			143,570
Cash and cash equivalents, end of period	$	23,630		$	4		$	58,051		$	81,685



(Amounts in thousands)	Consolidating Condensed Statements of Cash Flows Year Ended December 31, 2017
	Titan Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash (used for) provided by operating activities	$	(49,856	)	$	7,235		$	41,332		$	(1,289	)
Cash flows from investing activities:
Capital expenditures	(830		)	(7,620		)	(24,176		)	(32,626		)
Increase in restricted cash deposits	50,000			—			—			50,000
Other, net	—			389			604			993
Net cash provided by (used for) investing activities	49,170			(7,231		)	(23,572		)	18,367
Cash flows from financing activities:
Proceeds from borrowings	394,191			—			53,448			447,639
Repurchase of senior notes	(415,395		)	—			—			(415,395		)
Payment on debt	(3,393		)	—			(51,767		)	(55,160		)
Dividends paid	(1,167		)	—			—			(1,167		)
Net cash (used for) provided by financing activities	(25,764		)	—			1,681			(24,083		)
Effect of exchange rate change on cash	—			—			2,748			2,748
Net (decrease) increase in cash and cash equivalents	(26,450		)	4			22,189			(4,257		)
Cash and cash equivalents, beginning of period	86,190			9			61,628			147,827
Cash and cash equivalents, end of period	$	59,740		$	13		$	83,817		$	143,570