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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue from Contract with Customer, Excluding Assessed Tax $ 341,500 $ 410,374
Cost of sales 311,677 365,110
Asset Impairment Cost 2,579 0
Gross profit 27,244 45,264
Selling, general and administrative expenses 31,957 35,905
Research and development expenses 2,410 2,617
Royalty expense 2,480 2,606
Income (loss) from operations (9,603) 4,136
Interest expense (8,035) (7,933)
Foreign exchange (loss) gain (17,242) 5,723
Other income 7,436 996
(Loss) income before income taxes (27,444) 2,922
Provision for income taxes 55 1,915
Net (loss) income (27,499) 1,007
Net loss attributable to noncontrolling interests (2,013) (970)
Net (loss) income attributable to Titan (25,486) 1,977
Redemption value adjustment 0 776
Net (loss) income applicable to common shareholders $ (25,486) $ 1,201
Earnings per common share:    
Basic $ (0.42) $ 0.02
Diluted $ (0.42) $ 0.02
Average common shares and equivalents outstanding:    
Basic 60,360 59,946
Diluted 60,360 59,946
Dividends declared per common share: $ 0.005 $ 0.005