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SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2021
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 June 30, 2021
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 56,315 |  |  | $ | 438,663 |  |  | $ | (56,339) |  |  | $ | 438,639 |
Cost of sales | 1,716 |  |  | 28,093 |  |  | 403,699 |  |  | (56,339) |  |  | 377,169 |
Gross (loss) profit | (1,716) |  |  | 28,222 |  |  | 34,964 |  |  | — |  |  | 61,470 |
Selling, general and administrative expenses | 2,586 |  |  | 11,211 |  |  | 18,769 |  |  | — |  |  | 32,566 |
Research and development expenses | 227 |  |  | 724 |  |  | 1,577 |  |  | — |  |  | 2,528 |
Royalty expense | 475 |  |  | 1,077 |  |  | 1,105 |  |  | — |  |  | 2,657 |
(Loss) income from operations | (5,004) |  |  | 15,210 |  |  | 13,513 |  |  | — |  |  | 23,719 |
Interest expense | (8,170) |  |  | (7) |  |  | (421) |  |  | — |  |  | (8,598) |
Loss on senior note repurchase | (16,020) |  |  | — |  |  | — |  |  | — |  |  | (16,020) |
Intercompany interest income (expense) | 417 |  |  | 537 |  |  | (954) |  |  | — |  |  | — |
Foreign exchange (loss) gain | (6) |  |  | 293 |  |  | (1,055) |  |  | — |  |  | (768) |
Other (expense) income | (628) |  |  | 2,135 |  |  | (275) |  |  | — |  |  | 1,232 |
(Loss) income before income taxes | (29,411) |  |  | 18,168 |  |  | 10,808 |  |  | — |  |  | (435) |
(Benefit) provision for income taxes | (2,114) |  |  | 81 |  |  | 4,024 |  |  | — |  |  | 1,991 |
Equity in earnings (loss) of subsidiaries | 24,871 |  |  | — |  |  | 4,131 |  |  | (29,002) |  |  | — |
Net (loss) income | (2,426) |  |  | 18,087 |  |  | 10,915 |  |  | (29,002) |  |  | (2,426) |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | 347 |  |  | — |  |  | 347 |
Net (loss) income attributable to Titan | $ | (2,426) |  |  | $ | 18,087 |  |  | $ | 10,568 |  |  | $ | (29,002) |  |  | $ | (2,773) |
Condensed Statement of Comprehensive Income [Table Text Block] |
(Amounts in thousands) | Condensed Consolidating Statements of Comprehensive Income (Loss) For the Three Months Ended June 30, 2021
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net (loss) income | $ | (2,426) |  |  | $ | 18,087 |  |  | $ | 10,915 |  |  | $ | (29,002) |  |  | $ | (2,426) |
Derivative gain (loss) | 225 |  |  | — |  |  | 225 |  |  | (225) |  |  | 225 |
Currency translation adjustment | 14,430 |  |  | — |  |  | 14,430 |  |  | (14,430) |  |  | 14,430 |
Pension liability adjustments, net of tax | 692 |  |  | 667 |  |  | 25 |  |  | (692) |  |  | 692 |
Comprehensive income (loss) | 12,921 |  |  | 18,754 |  |  | 25,595 |  |  | (44,349) |  |  | 12,921 |
Net comprehensive income attributable to redeemable and noncontrolling interests | — |  |  | — |  |  | 490 |  |  | — |  |  | 490 |
Comprehensive income (loss) attributable to Titan | $ | 12,921 |  |  | $ | 18,754 |  |  | $ | 25,105 |  |  | $ | (44,349) |  |  | $ | 12,431 |
(Amounts in thousands) | Condensed Consolidating Statements of Comprehensive Income (Loss) For the Six Months Ended June 30, 2021
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | 10,797 |  |  | $ | 26,053 |  |  | $ | 25,301 |  |  | $ | (51,354) |  |  | $ | 10,797 |
Derivative gain (loss) | 265 |  |  | — |  |  | 265 |  |  | (265) |  |  | 265 |
Currency translation adjustment | (12,748) |  |  | — |  |  | (12,748) |  |  | 12,748 |  |  | (12,748) |
Pension liability adjustments, net of tax | 1,565 |  |  | 1,334 |  |  | 231 |  |  | (1,565) |  |  | 1,565 |
Comprehensive (loss) income | (121) |  |  | 27,387 |  |  | 13,049 |  |  | (40,436) |  |  | (121) |
Net comprehensive loss attributable to redeemable and noncontrolling interests | — |  |  | — |  |  | (374) |  |  | — |  |  | (374) |
Comprehensive (loss) income attributable to Titan | $ | (121) |  |  | $ | 27,387 |  |  | $ | 13,423 |  |  | $ | (40,436) |  |  | $ | 253 |
Condensed Balance Sheet [Table Text Block] |
(Amounts in thousands) | Condensed Consolidating Balance Sheets June 30, 2021
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 8,361 |  |  | $ | (45) |  |  | $ | 87,488 |  |  | $ | — |  |  | $ | 95,804 |
Accounts receivable, net | 170 |  |  | 3 |  |  | 265,556 |  |  | — |  |  | 265,729 |
Inventories | — |  |  | 47,533 |  |  | 297,806 |  |  | — |  |  | 345,339 |
Prepaid and other current assets | 884 |  |  | 19,086 |  |  | 45,398 |  |  | — |  |  | 65,368 |
Total current assets | 9,415 |  |  | 66,577 |  |  | 696,248 |  |  | — |  |  | 772,240 |
Property, plant and equipment, net | 1,963 |  |  | 80,530 |  |  | 227,717 |  |  | — |  |  | 310,210 |
Investment in subsidiaries | 631,952 |  |  | — |  |  | 53,229 |  |  | (685,181) |  |  | — |
Other assets | 1,318 |  |  | 4,560 |  |  | 39,110 |  |  | — |  |  | 44,988 |
Total assets | $ | 644,648 |  |  | $ | 151,667 |  |  | $ | 1,016,304 |  |  | $ | (685,181) |  |  | $ | 1,127,438 |
Liabilities and Equity |  |  |  |  |  |  |  |  |
Short-term debt | $ | — |  |  | $ | — |  |  | $ | 34,296 |  |  | $ | — |  |  | $ | 34,296 |
Accounts payable | 2,122 |  |  | 41,035 |  |  | 195,844 |  |  | — |  |  | 239,001 |
Other current liabilities | 25,028 |  |  | 22,297 |  |  | 92,991 |  |  | — |  |  | 140,316 |
Total current liabilities | 27,150 |  |  | 63,332 |  |  | 323,131 |  |  | — |  |  | 413,613 |
Long-term debt | 423,215 |  |  | — |  |  | 29,515 |  |  | — |  |  | 452,730 |
Other long-term liabilities | 247 |  |  | 11,196 |  |  | 46,475 |  |  | — |  |  | 57,918 |
Intercompany accounts | (28,483) |  |  | (444,894) |  |  | 473,377 |  |  | — |  |  | — |
Redeemable noncontrolling interest | — |  |  | — |  |  | 25,000 |  |  | — |  |  | 25,000 |
Titan shareholders' equity | 222,519 |  |  | 522,033 |  |  | 122,179 |  |  | (685,181) |  |  | 181,550 |
Noncontrolling interests | — |  |  | — |  |  | (3,373) |  |  | — |  |  | (3,373) |
Total liabilities and equity | $ | 644,648 |  |  | $ | 151,667 |  |  | $ | 1,016,304 |  |  | $ | (685,181) |  |  | $ | 1,127,438 |
Condensed Cash Flow Statement [Table Text Block] |
(Amounts in thousands) | Condensed Consolidating Statements of Cash Flows For the Six Months Ended June 30, 2021 |  |
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated |  |
Net cash (used for) provided by operating activities | $ | (12,938) |  |  | $ | 4,161 |  |  | $ | (8,710) |  |  | $ | (17,487) |  |  |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | (16) |  |  | (4,199) |  |  | (10,422) |  |  | (14,637) |  |  |
Proceeds from sale of fixed assets | — |  |  | 3 |  |  | 746 |  |  | 749 |  |  |
Net cash used for investing activities | (16) |  |  | (4,196) |  |  | (9,676) |  |  | (13,888) |  |  |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from borrowings | 450,383 |  |  | — |  |  | 9,546 |  |  | 459,929 |  |  |
Payment on debt | (21,357) |  |  | — |  |  | (12,683) |  |  | (34,040) |  |  |
Repurchase of senior secured notes | (413,000) |  |  | — |  |  | — |  |  | (413,000) |  |  |
Other financing activities | (5,709) |  |  | (14) |  |  | 3,683 |  |  | (2,040) |  |  |
Net cash provided by financing activities | 10,317 |  |  | (14) |  |  | 546 |  |  | 10,849 |  |  |
Effect of exchange rate change on cash | — |  |  | — |  |  | (1,101) |  |  | (1,101) |  |  |
Net decrease in cash and cash equivalents | (2,637) |  |  | (49) |  |  | (18,941) |  |  | (21,627) |  |  |
Cash and cash equivalents, beginning of period | 10,998 |  |  | 4 |  |  | 106,429 |  |  | 117,431 |  |  |
Cash and cash equivalents, end of period | $ | 8,361 |  |  | $ | (45) |  |  | $ | 87,488 |  |  | $ | 95,804 |  |  |

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