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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue from Contract with Customer, Excluding Assessed Tax $ 286,133 $ 390,597 $ 627,633 $ 800,971
Cost of sales 255,259 352,289 566,936 717,399
Asset Impairment Cost 1,007 0 3,586 0
Gross profit 29,867 38,308 57,111 83,572
Selling, general and administrative expenses 28,441 35,746 60,398 71,651
Research and development expenses 2,132 2,544 4,542 5,161
Royalty expense 2,395 2,448 4,875 5,054
Income (loss) from operations (3,101) (2,430) (12,704) 1,706
Interest expense (8,008) (8,295) (16,043) (16,228)
Foreign exchange gain (loss) 8,836 (1,239) (8,406) 4,484
Other income (390) 2,069 7,046 3,065
Loss before income taxes (2,663) (9,895) (30,107) (6,973)
Provision (benefit) for income taxes 1,980 (3,218) 2,035 (1,303)
Net loss (4,643) (6,677) (32,142) (5,670)
Net income (loss) attributable to noncontrolling interests 402 (253) (1,611) (1,224)
Net loss attributable to Titan (5,045) (6,424) (30,531) (4,446)
Redemption value adjustment 0 661 0 1,437
Net loss applicable to common shareholders $ (5,045) $ (7,085) $ (30,531) $ (5,883)
Earnings per common share:        
Basic $ (0.08) $ (0.12) $ (0.50) $ (0.10)
Diluted $ (0.08) $ (0.12) $ (0.50) $ (0.10)
Average common shares and equivalents outstanding:        
Basic 60,602 60,000 60,481 59,973
Diluted 60,602 60,000 60,481 59,973
Dividends declared per common share: $ 0 $ 0.005 $ 0.005 $ 0.010