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SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2020
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, 2020
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 159,969 |  |  | $ | 341,685 |  |  | $ | (160,154 | ) |  | $ | 341,500 |
Cost of sales | 166 |  |  | 145,550 |  |  | 326,115 |  |  | (160,154 | ) |  | 311,677 |
Asset impairment | — |  |  | — |  |  | 2,579 |  |  | — |  |  | 2,579 |
Gross (loss) profit | (166 | ) |  | 14,419 |  |  | 12,991 |  |  | — |  |  | 27,244 |
Selling, general and administrative expenses | 5,641 |  |  | 1,966 |  |  | 24,350 |  |  | — |  |  | 31,957 |
Research and development expenses | 241 |  |  | 709 |  |  | 1,460 |  |  | — |  |  | 2,410 |
Royalty expense | 566 |  |  | 1,065 |  |  | 849 |  |  | — |  |  | 2,480 |
(Loss) income from operations | (6,614 | ) |  | 10,679 |  |  | (13,668 | ) |  | — |  |  | (9,603 | )
Interest expense | (7,161 | ) |  | (6 | ) |  | (868 | ) |  | — |  |  | (8,035 | )
Intercompany interest income (expense) | 530 |  |  | 651 |  |  | (1,181 | ) |  | — |  |  | — |
Foreign exchange loss | — |  |  | (746 | ) |  | (16,496 | ) |  | — |  |  | (17,242 | )
Other income (expense) | 623 |  |  | (150 | ) |  | 6,963 |  |  | — |  |  | 7,436 |
(Loss) income before income taxes | (12,622 | ) |  | 10,428 |  |  | (25,250 | ) |  | — |  |  | (27,444 | )
Provision for income taxes | (467 | ) |  | 98 |  |  | 424 |  |  | — |  |  | 55 |
Equity in earnings of subsidiaries | (15,344 | ) |  | — |  |  | 7,513 |  |  | 7,831 |  |  | — |
Net (loss) income | (27,499 | ) |  | 10,330 |  |  | (18,161 | ) |  | 7,831 |  |  | (27,499 | )
Net loss attributable to noncontrolling interests | — |  |  | — |  |  | (2,013 | ) |  | — |  |  | (2,013 | )
Net (loss) income attributable to Titan | $ | (27,499 | ) |  | $ | 10,330 |  |  | $ | (16,148 | ) |  | $ | 7,831 |  |  | $ | (25,486 | )
(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 Comprehensive Income (Loss) For the Three Months Ended March 31, 2020
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net (loss) income | $ | (27,499 | ) |  | $ | 10,330 |  |  | $ | (18,161 | ) |  | $ | 7,831 |  |  | $ | (27,499 | )
Currency translation adjustment | (33,786 | ) |  | — |  |  | (33,786 | ) |  | 33,786 |  |  | (33,786 | )
Pension liability adjustments, net of tax | 1,308 |  |  | 667 |  |  | 641 |  |  | (1,308 | ) |  | 1,308 |
Comprehensive (loss) income | (59,977 | ) |  | 10,997 |  |  | (51,306 | ) |  | 40,309 |  |  | (59,977 | )
Net comprehensive loss attributable to redeemable and noncontrolling interests | — |  |  | — |  |  | (3,796 | ) |  | — |  |  | (3,796 | )
Comprehensive (loss) income attributable to Titan | $ | (59,977 | ) |  | $ | 10,997 |  |  | $ | (47,510 | ) |  | $ | 40,309 |  |  | $ | (56,181 | )
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, 2020
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net (loss) income | $ | (27,499 | ) |  | $ | 10,330 |  |  | $ | (18,161 | ) |  | $ | 7,831 |  |  | $ | (27,499 | )
Currency translation adjustment | (33,786 | ) |  | — |  |  | (33,786 | ) |  | 33,786 |  |  | (33,786 | )
Pension liability adjustments, net of tax | 1,308 |  |  | 667 |  |  | 641 |  |  | (1,308 | ) |  | 1,308 |
Comprehensive (loss) income | (59,977 | ) |  | 10,997 |  |  | (51,306 | ) |  | 40,309 |  |  | (59,977 | )
Net comprehensive loss attributable to redeemable and noncontrolling interests | — |  |  | — |  |  | (3,796 | ) |  | — |  |  | (3,796 | )
Comprehensive (loss) income attributable to Titan | $ | (59,977 | ) |  | $ | 10,997 |  |  | $ | (47,510 | ) |  | $ | 40,309 |  |  | $ | (56,181 | )
(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 | )
Condensed Balance Sheet [Table Text Block] |
(Amounts in thousands) | Condensed Consolidating Balance Sheets March 31, 2020
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 4,408 |  |  | $ | 3 |  |  | $ | 55,967 |  |  | $ | — |  |  | $ | 60,378 |
Accounts receivable, net | — |  |  | 4 |  |  | 211,978 |  |  | — |  |  | 211,982 |
Inventories | — |  |  | 38,260 |  |  | 267,811 |  |  | — |  |  | 306,071 |
Prepaid and other current assets | 3,653 |  |  | 17,078 |  |  | 39,730 |  |  | — |  |  | 60,461 |
Total current assets | 8,061 |  |  | 55,345 |  |  | 575,486 |  |  | — |  |  | 638,892 |
Property, plant and equipment, net | 10,071 |  |  | 90,329 |  |  | 243,678 |  |  | — |  |  | 344,078 |
Investment in subsidiaries | 719,502 |  |  | — |  |  | 68,965 |  |  | (788,467 | ) |  | — |
Other assets | 1,779 |  |  | 3,816 |  |  | 71,689 |  |  | — |  |  | 77,284 |
Total assets | $ | 739,413 |  |  | $ | 149,490 |  |  | $ | 959,818 |  |  | $ | (788,467 | ) |  | $ | 1,060,254 |
Liabilities and Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term debt | $ | 620 |  |  | $ | 163 |  |  | $ | 45,492 |  |  | $ | — |  |  | $ | 46,275 |
Accounts payable | 3,124 |  |  | 28,647 |  |  | 148,162 |  |  | — |  |  | 179,933 |
Other current liabilities | 29,173 |  |  | 21,237 |  |  | 65,334 |  |  | — |  |  | 115,744 |
Total current liabilities | 32,917 |  |  | 50,047 |  |  | 258,988 |  |  | — |  |  | 341,952 |
Long-term debt | 427,499 |  |  | 389 |  |  | 16,662 |  |  | — |  |  | 444,550 |
Other long-term liabilities | 4,605 |  |  | 14,321 |  |  | 50,904 |  |  | — |  |  | 69,830 |
Intercompany accounts | 54,286 |  |  | (425,827 | ) |  | 371,541 |  |  | — |  |  | — |
Redeemable noncontrolling interest | — |  |  | — |  |  | 25,000 |  |  | — |  |  | 25,000 |
Titan shareholders' equity | 220,106 |  |  | 510,560 |  |  | 236,940 |  |  | (788,467 | ) |  | 179,139 |
Noncontrolling interests | — |  |  | — |  |  | (217 | ) |  | — |  |  | (217 | )
Total liabilities and equity | $ | 739,413 |  |  | $ | 149,490 |  |  | $ | 959,818 |  |  | $ | (788,467 | ) |  | $ | 1,060,254 |
(Amounts in thousands) | Condensed Consolidating 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, net | — |  |  | 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 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 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 shareholders' equity | 275,819 |  |  | 500,330 |  |  | 283,057 |  |  | (824,355 | ) |  | 234,851 |
Noncontrolling interests | — |  |  | — |  |  | 4,137 |  |  | — |  |  | 4,137 |
Total liabilities and equity | $ | 783,447 |  |  | $ | 154,391 |  |  | $ | 1,000,824 |  |  | $ | (824,355 | ) |  | $ | 1,114,307 |
Condensed Cash Flow Statement [Table Text Block] |
(Amounts in thousands) | Condensed Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2020
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated
Net cash provided by (used for) operating activities | $ | 7,552 |  |  | $ | 1,901 |  |  | $ | (5,481 | ) |  | $ | 3,972 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (2,149 | ) |  | (4,271 | ) |  | (6,420 | )
Sale of Wheels India Limited shares | — |  |  | — |  |  | 6,917 |  |  | 6,917 |
Insurance proceeds | — |  |  | — |  |  | 4,936 |  |  | 4,936 |
Other, net | 191 |  |  | — |  |  | (557 | ) |  | (366 | )
Net cash (used for) provided by investing activities | 191 |  |  | (2,149 | ) |  | 7,025 |  |  | 5,067 |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings | 7,264 |  |  | 258 |  |  | 16,427 |  |  | 23,949 |
Payment on debt | (13,140 | ) |  | (11 | ) |  | (18,789 | ) |  | (31,940 | )
Dividends paid | (302 | ) |  | — |  |  | — |  |  | (302 | )
Net cash (used for) provided by financing activities | (6,178 | ) |  | 247 |  |  | (2,362 | ) |  | (8,293 | )
Effect of exchange rate change on cash | — |  |  | — |  |  | (7,167 | ) |  | (7,167 | )
Net increase (decrease) in cash and cash equivalents | 1,565 |  |  | (1 | ) |  | (7,985 | ) |  | (6,421 | )
Cash and cash equivalents, beginning of period | 2,843 |  |  | 4 |  |  | 63,952 |  |  | 66,799 |
Cash and cash equivalents, end of period | $ | 4,408 |  |  | $ | 3 |  |  | $ | 55,967 |  |  | $ | 60,378 |
(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 increase (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 |

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