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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 98,772 $ 66,799
  Accounts receivable, net 192,764 185,238
Inventories 284,231 333,356
Assets held for sale 6,640 7,203
Prepaid and other current assets 56,008 58,869
Total current assets 638,415 651,465
Property, plant and equipment, net 324,959 367,595
Operating Lease, Right-of-Use Asset 21,936 23,914
Deferred income taxes 1,040 2,331
Other assets 29,997 69,002
Total assets 1,016,347 1,114,307
Current liabilities    
Short-term debt 32,641 61,253
Accounts payable 150,879 158,647
Other current liabilities 131,734 107,253
Total current liabilities 315,254 327,153
Long-term debt 431,789 438,469
Deferred income taxes 1,774 6,672
Other long-term liabilities 73,320 78,025
Total liabilities 822,137 850,319
Redeemable noncontrolling interest 25,000 25,000
Titan stockholders' equity    
  Common stock ($0.0001 par value, 120,000,000 shares authorized, 61,353,590 issued at September 30, 2020 and 60,710,983 at December 31, 2019) 0 0
Additional paid-in capital 531,895 532,070
Retained deficit (117,810) (74,334)
Treasury stock (at cost, 89,612 and 427,771 shares, respectively) (1,199) (4,234)
Accumulated other comprehensive loss (243,048) (218,651)
Total Titan shareholders’ equity 169,838 234,851
Noncontrolling interests (628) 4,137
Total equity 169,210 238,988
Total liabilities and equity $ 1,016,347 $ 1,114,307