XML 78 R67.htm IDEA: XBRL DOCUMENT v3.20.2
SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jul. 31, 2019
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Dec. 31, 2018
Condensed Financial Statements, Captions [Line Items]                      
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax   $ (17)     $ 0     $ (215) $ 0    
Income Statement [Abstract]                      
Revenue from Contract with Customer, Excluding Assessed Tax   304,772     345,905     932,405 1,146,876    
Cost of sales   273,455     318,805     840,391 1,036,204    
Asset Impairment Cost   0     0     3,586 0    
Gross profit (loss)   31,317     27,100     88,428 110,672    
Selling, General and Administrative Expense   33,451     34,954     93,849 106,605    
Research and Development Expense   2,240     2,309     6,782 7,470    
Royalty expense   2,434     2,453     7,309 7,507    
Income (loss) from operations   (6,808)     (12,616)     (19,512) (10,910)    
Interest expense   (7,251)     (8,164)     (23,076) (23,751)    
Intercompany Interest Expense Income   0     0     0 0    
Foreign Currency Transaction Gain (Loss), before Tax   (1,336)     (2,266)     (9,742) 2,218    
Other Nonoperating Income (Expense)   2,283     5,066     9,111 7,490    
Loss before income taxes   (13,112)     (17,980)     (43,219) (24,953)    
Provision for income taxes   342     2,064     2,377 761    
Equity in Net Earnings (Loss) of Subsidiaries   0     0     0 0    
Net income (loss)   (13,454)     (20,044)     (45,596) (25,714)    
Net loss attributable to noncontrolling interests   (811)     (900)     (2,422) (2,124)    
Net income (loss) attributable to Titan   (12,643)     (19,144)     (43,174) (23,590)    
Comprehensive Income Statement [Abstract]                      
Net income (loss)   (13,454)     (20,044)     (45,596) (25,714)    
Currency translation adjustment   4,275     (20,324)     (28,498) (19,280)    
Pension liability adjustments, net of tax   575 $ 40 $ 1,308 590 $ 538 $ 466 1,923 1,594    
Comprehensive income (loss)   (8,621)     (39,778)     (72,386) (43,400)    
Net comprehensive loss attributable to redeemable and noncontrolling interests   (1,912)     (1,213)     (4,814) (897)    
Comprehensive income (loss) attributable to Titan   (6,709)     (38,565)     (67,572) (42,503)    
Statement of Financial Position [Abstract]                      
Cash and cash equivalents   98,772     78,603     98,772 78,603 $ 66,799 $ 81,685
Accounts Receivable, after Allowance for Credit Loss, Current   192,764           192,764   185,238  
Inventory, Net   284,231           284,231   333,356  
Prepaid Expense and Other Assets, Current   56,008           56,008   58,869  
Total current assets   638,415           638,415   651,465  
Property, Plant and Equipment, Net   324,959           324,959   367,595  
Equity Method Investments   0           0   0  
Other Assets, Noncurrent   52,973           52,973   95,247  
Total assets   1,016,347           1,016,347   1,114,307  
Short-term debt   32,641           32,641   61,253  
Accounts payable   150,879           150,879   158,647  
Other current liabilities   131,734           131,734   107,253  
Total current liabilities   315,254           315,254   327,153  
Long-term debt   431,789           431,789   438,469  
Liabilities, Other than Long-term Debt, Noncurrent   75,094           75,094   84,697  
Intercompany Accounts, Net   0           0   0  
Redeemable noncontrolling interest   25,000     25,000     25,000 25,000 25,000 119,813
Stockholders' Equity Attributable to Parent   169,838           169,838   234,851  
Stockholders' Equity Attributable to Noncontrolling Interest   (628)           (628)   4,137  
Total liabilities and equity   1,016,347           1,016,347   1,114,307  
Statement of Cash Flows [Abstract]                      
Net cash provided by (used for) operating activities               47,431 31,212    
Capital expenditures               (13,350) (26,254)    
Payments for (Proceeds from) Investments               (32,852) 0    
Proceeds from Insurance Settlement, Investing Activities               4,936 0    
Payment related to redeemable noncontrolling interest agreement $ (30,700)       (16,000)     0 (71,722)    
Payments for (Proceeds from) Other Investing Activities               926 1,354    
Net cash provided by (used for) investing activities               25,364 (96,622)    
Proceeds from borrowings               85,991 124,153    
Repayments of Other Debt               (116,601) (59,296)    
Payments of Dividends, Common Stock               (603) (901)    
Proceeds from (Payments for) Other Financing Activities               (2,723)      
Net cash provided by (used for) financing activities               (33,936) 63,956    
Effect of Exchange Rate on Cash and Cash Equivalents               (6,886) (1,628)    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect               31,973 (3,082)    
Cash and cash equivalents   98,772     78,603     98,772 78,603 66,799 81,685
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax, Portion Attributable to Noncontrolling Interest         (66) $ 321 $ 428 0 683    
Assets held for sale   6,640           6,640   7,203  
Parent Company [Member]                      
Condensed Financial Statements, Captions [Line Items]                      
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax   (17)           (215)      
Income Statement [Abstract]                      
Revenue from Contract with Customer, Excluding Assessed Tax   0     0     0 0    
Cost of sales   202     107     525 248    
Asset Impairment Cost   0           1,007      
Gross profit (loss)   (202)     (107)     (1,532) (248)    
Selling, General and Administrative Expense   5,180     1,513     16,519 4,694    
Research and Development Expense   209     276     664 768    
Royalty expense   654     679     2,147 1,743    
Income (loss) from operations   (6,245)     (2,575)     (20,862) (7,453)    
Interest expense   (6,986)     (7,281)     (21,241) (21,311)    
Intercompany Interest Expense Income   527     884     1,586 2,158    
Foreign Currency Transaction Gain (Loss), before Tax   0     (47)     0 (69)    
Other Nonoperating Income (Expense)   322     358     1,330 1,162    
Loss before income taxes   (12,382)     (8,661)     (39,187) (25,513)    
Provision for income taxes   (1,851)     635     (3,764) (6,390)    
Equity in Net Earnings (Loss) of Subsidiaries   (2,923)     (10,748)     (10,173) (6,591)    
Net income (loss)   (13,454)     (20,044)     (45,596) (25,714)    
Net loss attributable to noncontrolling interests   0     0     0 0    
Net income (loss) attributable to Titan   (13,454)     (20,044)     (45,596) (25,714)    
Comprehensive Income Statement [Abstract]                      
Net income (loss)   (13,454)     (20,044)     (45,596) (25,714)    
Currency translation adjustment   4,275     (20,324)     (28,498) (19,280)    
Pension liability adjustments, net of tax   575     590     1,923 1,594    
Comprehensive income (loss)   (8,621)     (39,778)     (72,386) (43,400)    
Net comprehensive loss attributable to redeemable and noncontrolling interests   0     0     0 0    
Comprehensive income (loss) attributable to Titan   (8,621)     (39,778)     (72,386) (43,400)    
Statement of Financial Position [Abstract]                      
Cash and cash equivalents   5,002     12,669     5,002 12,669 2,843 23,630
Accounts Receivable, after Allowance for Credit Loss, Current   0           0   0  
Inventory, Net   0           0   0  
Prepaid Expense and Other Assets, Current   4,756           4,756   3,217  
Total current assets   16,398           16,398   13,263  
Property, Plant and Equipment, Net   3,784           3,784   3,443  
Equity Method Investments   585,724           585,724   763,336  
Other Assets, Noncurrent   2,259           2,259   3,405  
Total assets   608,165           608,165   783,447  
Short-term debt   0           0   514  
Accounts payable   2,343           2,343   4,951  
Other current liabilities   28,465           28,465   20,912  
Total current liabilities   30,808           30,808   26,377  
Long-term debt   396,642           396,642   431,960  
Liabilities, Other than Long-term Debt, Noncurrent   2,231           2,231   6,493  
Intercompany Accounts, Net   (32,322)           (32,322)   42,798  
Redeemable noncontrolling interest   0           0   0  
Stockholders' Equity Attributable to Parent   210,806           210,806   275,819  
Stockholders' Equity Attributable to Noncontrolling Interest   0           0   0  
Total liabilities and equity   608,165           608,165   783,447  
Statement of Cash Flows [Abstract]                      
Net cash provided by (used for) operating activities               19,179 2,683    
Capital expenditures               (92) (21)    
Payments for (Proceeds from) Investments               0      
Proceeds from Insurance Settlement, Investing Activities               0      
Payment related to redeemable noncontrolling interest agreement                 (71,722)    
Payments for (Proceeds from) Other Investing Activities               191 0    
Net cash provided by (used for) investing activities               99 (71,743)    
Proceeds from borrowings               (31,334) (73,000)    
Repayments of Other Debt               (45,348) (14,000)    
Payments of Dividends, Common Stock               (603) (901)    
Proceeds from (Payments for) Other Financing Activities               (2,502)      
Net cash provided by (used for) financing activities               (17,119) 58,099    
Effect of Exchange Rate on Cash and Cash Equivalents               0 0    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect               2,159 (10,961)    
Cash and cash equivalents   5,002     12,669     5,002 12,669 2,843 23,630
Assets held for sale   6,640           6,640   7,203  
Guarantor Subsidiaries [Member]                      
Condensed Financial Statements, Captions [Line Items]                      
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax   0           0      
Income Statement [Abstract]                      
Revenue from Contract with Customer, Excluding Assessed Tax   119,850     141,133     406,810 475,652    
Cost of sales   108,642     134,169     367,998 438,535    
Asset Impairment Cost   0           0      
Gross profit (loss)   11,208     6,964     38,812 37,117    
Selling, General and Administrative Expense   2,593     12,094     6,738 35,299    
Research and Development Expense   769     678     2,239 2,263    
Royalty expense   855     860     2,694 3,005    
Income (loss) from operations   6,991     (6,668)     27,141 (3,450)    
Interest expense   96     5     81 5    
Intercompany Interest Expense Income   530     841     1,709 2,731    
Foreign Currency Transaction Gain (Loss), before Tax   (99)     (152)     (981) (156)    
Other Nonoperating Income (Expense)   119     (528)     (142) (1,606)    
Loss before income taxes   7,637     (6,502)     27,808 (2,476)    
Provision for income taxes   79     126     256 410    
Equity in Net Earnings (Loss) of Subsidiaries   0     0     0 0    
Net income (loss)   7,558     (6,628)     27,552 (2,886)    
Net loss attributable to noncontrolling interests   0     0     0 0    
Net income (loss) attributable to Titan   7,558     (6,628)     27,552 (2,886)    
Comprehensive Income Statement [Abstract]                      
Net income (loss)   7,558     (6,628)     27,552 (2,886)    
Currency translation adjustment   0     0     0 0    
Pension liability adjustments, net of tax   667     753     2,001 2,256    
Comprehensive income (loss)   8,225     (5,875)     29,553 (630)    
Net comprehensive loss attributable to redeemable and noncontrolling interests   0     0     0 0    
Comprehensive income (loss) attributable to Titan   8,225     (5,875)     29,553 (630)    
Statement of Financial Position [Abstract]                      
Cash and cash equivalents   3     7     3 7 4 4
Accounts Receivable, after Allowance for Credit Loss, Current   0           0   2  
Inventory, Net   31,763           31,763   41,088  
Prepaid Expense and Other Assets, Current   16,655           16,655   17,352  
Total current assets   48,421           48,421   58,446  
Property, Plant and Equipment, Net   84,724           84,724   91,734  
Equity Method Investments   0           0   0  
Other Assets, Noncurrent   5,056           5,056   4,211  
Total assets   138,201           138,201   154,391  
Short-term debt   0           0   69  
Accounts payable   23,542           23,542   18,455  
Other current liabilities   22,854           22,854   17,941  
Total current liabilities   46,396           46,396   36,465  
Long-term debt   0           0   0  
Liabilities, Other than Long-term Debt, Noncurrent   18,037           18,037   15,443  
Intercompany Accounts, Net   (446,212)           (446,212)   (397,847)  
Redeemable noncontrolling interest   0           0   0  
Stockholders' Equity Attributable to Parent   519,980           519,980   500,330  
Stockholders' Equity Attributable to Noncontrolling Interest   0           0   0  
Total liabilities and equity   138,201           138,201   154,391  
Statement of Cash Flows [Abstract]                      
Net cash provided by (used for) operating activities               3,631 5,742    
Capital expenditures               (3,884) (6,207)    
Payments for (Proceeds from) Investments               0      
Proceeds from Insurance Settlement, Investing Activities               0      
Payment related to redeemable noncontrolling interest agreement                 0    
Payments for (Proceeds from) Other Investing Activities               (8) 181    
Net cash provided by (used for) investing activities               (3,892) (6,026)    
Proceeds from borrowings               (333) (287)    
Repayments of Other Debt               (61) 0    
Payments of Dividends, Common Stock               0 0    
Proceeds from (Payments for) Other Financing Activities               (12)      
Net cash provided by (used for) financing activities               260 287    
Effect of Exchange Rate on Cash and Cash Equivalents               0 0    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect               (1) 3    
Cash and cash equivalents   3     7     3 7 4 4
Assets held for sale   0           0   0  
Non-Guarantor Subsidiaries [Member]                      
Condensed Financial Statements, Captions [Line Items]                      
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax   (17)           (215)      
Income Statement [Abstract]                      
Revenue from Contract with Customer, Excluding Assessed Tax   305,097     345,992     933,657 1,147,568    
Cost of sales   284,786     325,749     879,930 1,073,765    
Asset Impairment Cost   0           2,579      
Gross profit (loss)   20,311     20,243     51,148 73,803    
Selling, General and Administrative Expense   25,678     21,347     70,592 66,612    
Research and Development Expense   1,262     1,355     3,879 4,439    
Royalty expense   925     914     2,468 2,759    
Income (loss) from operations   (7,554)     (3,373)     (25,791) (7)    
Interest expense   (361)     (888)     (1,916) (2,445)    
Intercompany Interest Expense Income   (1,057)     (1,725)     (3,295) (4,889)    
Foreign Currency Transaction Gain (Loss), before Tax   (1,237)     (2,067)     (8,761) 2,443    
Other Nonoperating Income (Expense)   1,842     5,236     7,923 7,934    
Loss before income taxes   (8,367)     (2,817)     (31,840) 3,036    
Provision for income taxes   2,114     1,303     5,885 6,741    
Equity in Net Earnings (Loss) of Subsidiaries   3,315     (1,851)     17,384 (1,320)    
Net income (loss)   (7,166)     (5,971)     (20,341) (5,025)    
Net loss attributable to noncontrolling interests   (811)     (900)     (2,422) (2,124)    
Net income (loss) attributable to Titan   (6,355)     (5,071)     (17,919) (2,901)    
Comprehensive Income Statement [Abstract]                      
Net income (loss)   (7,166)     (5,971)     (20,341) (5,025)    
Currency translation adjustment   4,275     (20,324)     (28,498) (19,280)    
Pension liability adjustments, net of tax   (92)     (163)     (78) (662)    
Comprehensive income (loss)   (3,000)     (26,458)     (49,132) (24,967)    
Net comprehensive loss attributable to redeemable and noncontrolling interests   (1,912)     (1,213)     (4,814) (897)    
Comprehensive income (loss) attributable to Titan   (1,088)     (25,245)     (44,318) (24,070)    
Statement of Financial Position [Abstract]                      
Cash and cash equivalents   93,767     65,927     93,767 65,927 63,952 58,051
Accounts Receivable, after Allowance for Credit Loss, Current   192,764           192,764   185,236  
Inventory, Net   252,468           252,468   292,268  
Prepaid Expense and Other Assets, Current   34,597           34,597   38,300  
Total current assets   573,596           573,596   579,756  
Property, Plant and Equipment, Net   236,451           236,451   272,418  
Equity Method Investments   70,501           70,501   61,019  
Other Assets, Noncurrent   45,658           45,658   87,631  
Total assets   926,206           926,206   1,000,824  
Short-term debt   32,641           32,641   60,670  
Accounts payable   124,994           124,994   135,241  
Other current liabilities   80,415           80,415   68,400  
Total current liabilities   238,050           238,050   264,311  
Long-term debt   35,147           35,147   6,509  
Liabilities, Other than Long-term Debt, Noncurrent   54,826           54,826   62,761  
Intercompany Accounts, Net   478,534           478,534   355,049  
Redeemable noncontrolling interest   25,000           25,000   25,000  
Stockholders' Equity Attributable to Parent   95,277           95,277   283,057  
Stockholders' Equity Attributable to Noncontrolling Interest   (628)           (628)   4,137  
Total liabilities and equity   926,206           926,206   1,000,824  
Statement of Cash Flows [Abstract]                      
Net cash provided by (used for) operating activities               24,621 22,787    
Capital expenditures               (9,374) (20,026)    
Payments for (Proceeds from) Investments               (32,852)      
Proceeds from Insurance Settlement, Investing Activities               (4,936)      
Payment related to redeemable noncontrolling interest agreement                 0    
Payments for (Proceeds from) Other Investing Activities               743 1,173    
Net cash provided by (used for) investing activities               29,157 (18,853)    
Proceeds from borrowings               54,324 50,866    
Repayments of Other Debt               (71,192) (45,296)    
Payments of Dividends, Common Stock               0 0    
Proceeds from (Payments for) Other Financing Activities               (209)      
Net cash provided by (used for) financing activities               (17,077) 5,570    
Effect of Exchange Rate on Cash and Cash Equivalents               (6,886) (1,628)    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect               29,815 7,876    
Cash and cash equivalents   93,767     65,927     93,767 65,927 63,952 $ 58,051
Assets held for sale   0           0   0  
Consolidation, Eliminations [Member]                      
Condensed Financial Statements, Captions [Line Items]                      
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax   17           215      
Income Statement [Abstract]                      
Revenue from Contract with Customer, Excluding Assessed Tax   (120,175)     (141,220)     (408,062) (476,344)    
Cost of sales   (120,175)     (141,220)     (408,062) (476,344)    
Asset Impairment Cost   0           0      
Gross profit (loss)   0     0     0 0    
Selling, General and Administrative Expense   0     0     0 0    
Research and Development Expense   0     0     0 0    
Royalty expense   0     0     0 0    
Income (loss) from operations   0     0     0 0    
Interest expense   0     0     0 0    
Intercompany Interest Expense Income   0     0     0 0    
Foreign Currency Transaction Gain (Loss), before Tax   0     0     0 0    
Other Nonoperating Income (Expense)   0     0     0 0    
Loss before income taxes   0     0     0 0    
Provision for income taxes   0     0     0 0    
Equity in Net Earnings (Loss) of Subsidiaries   (392)     12,599     (7,211) 7,911    
Net income (loss)   (392)     12,599     (7,211) 7,911    
Net loss attributable to noncontrolling interests   0     0     0 0    
Net income (loss) attributable to Titan   (392)     12,599     (7,211) 7,911    
Comprehensive Income Statement [Abstract]                      
Net income (loss)   (392)     12,599     (7,211) 7,911    
Currency translation adjustment   (4,275)     20,324     28,498 19,280    
Pension liability adjustments, net of tax   (575)     (590)     (1,923) (1,594)    
Comprehensive income (loss)   (5,225)     32,333     19,579 25,597    
Net comprehensive loss attributable to redeemable and noncontrolling interests   0     0     0 0    
Comprehensive income (loss) attributable to Titan   (5,225)     $ 32,333     19,579 $ 25,597    
Statement of Financial Position [Abstract]                      
Cash and cash equivalents   0           0   0  
Accounts Receivable, after Allowance for Credit Loss, Current   0           0   0  
Inventory, Net   0           0   0  
Prepaid Expense and Other Assets, Current   0           0   0  
Total current assets   0           0   0  
Property, Plant and Equipment, Net   0           0   0  
Equity Method Investments   (656,225)           (656,225)   (824,355)  
Other Assets, Noncurrent   0           0   0  
Total assets   (656,225)           (656,225)   (824,355)  
Short-term debt   0           0   0  
Accounts payable   0           0   0  
Other current liabilities   0           0   0  
Total current liabilities   0           0   0  
Long-term debt   0           0   0  
Liabilities, Other than Long-term Debt, Noncurrent   0           0   0  
Intercompany Accounts, Net   0           0   0  
Redeemable noncontrolling interest   0           0   0  
Stockholders' Equity Attributable to Parent   (656,225)           (656,225)   (824,355)  
Stockholders' Equity Attributable to Noncontrolling Interest   0           0   0  
Total liabilities and equity   (656,225)           (656,225)   (824,355)  
Statement of Cash Flows [Abstract]                      
Cash and cash equivalents   0           0   0  
Assets held for sale   $ 0           $ 0   $ 0