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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue from Contract with Customer, Excluding Assessed Tax $ 438,639 $ 286,133 $ 842,157 $ 627,633
Cost of sales 377,169 255,259 727,422 566,936
Asset Impairment Cost 0 1,007 0 3,586
Gross profit 61,470 29,867 114,735 57,111
Selling, general and administrative expenses 32,566 28,441 66,594 60,398
Research and development expenses 2,528 2,132 5,081 4,542
Royalty expense 2,657 2,395 5,110 4,875
Income (loss) from operations 23,719 (3,101) 37,950 (12,704)
Interest expense (8,598) (7,906) (16,121) (15,826)
Gain (Loss) on Repurchase of Debt Instrument 16,020 0 (16,020) 0
Foreign exchange (loss) gain (768) 8,836 8,709 (8,406)
Other income 1,232 (492) 864 6,829
(Loss) income before income taxes (435) (2,663) 15,382 (30,107)
Provision for income taxes 1,991 1,980 4,585 2,035
Net (loss) income (2,426) (4,643) 10,797 (32,142)
Net income (loss) attributable to noncontrolling interests 347 402 (4) (1,611)
Net (loss) income attributable to Titan and applicable to common shareholders (2,773) (5,045) 10,801 (30,531)
Redemption value adjustment 0 0 0 0
Net income (loss) applicable to common shareholders $ (2,773) $ (5,045) $ 10,801 $ (30,531)
Earnings per common share:        
Basic $ (0.04) $ (0.08) $ 0.18 $ (0.50)
Diluted $ (0.04) $ (0.08) $ 0.17 $ (0.50)
Average common shares and equivalents outstanding:        
Basic 61,717 60,602 61,592 60,481
Diluted 61,717 60,602 62,480 60,481
Dividends declared per common share: $ 0 $ 0 $ 0 $ 0.005
Other Nonoperating Income $ 48 $ 1,205   $ 1,335