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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,780,215 $ 1,259,313 $ 1,448,666
Cost of Goods and Services Sold 1,542,673 1,130,194 1,319,662
Asset Impairment Cost 0 14,800 0
Gross profit 237,542 114,319 129,004
Selling, general and administrative expenses 131,772 130,942 137,697
Research and development expenses 10,104 9,013 9,859
Royalty expense 10,491 9,715 9,880
Loss from operations 85,175 (35,351) (28,432)
Interest expense (32,221) (30,554) (32,004)
Loss on senior note repurchase 0 8,657 0
Foreign exchange gain (loss) 12,020 (11,025) 3,999
Other income 2,086 18,799 8,393
Income (loss) before income taxes 51,040 (58,131) (48,044)
Provision for income taxes 1,149 6,946 3,475
Net loss 49,891 (65,077) (51,519)
Net income (loss) attributable to noncontrolling interests (305) 4,689 3,094
Net income (loss) attributable to Titan 49,586 (60,388) (48,425)
Noncontrolling Interest, Change in Redemption Value 0 0 (1,928)
Net income (loss) applicable to common shareholders $ 49,586 $ (60,388) $ (50,353)
Earnings (loss) per common share:      
Earnings Per Share, Basic $ 0.80 $ (0.99) $ (0.84)
Earnings Per Share, Diluted $ 0.79 $ (0.99) $ (0.84)
Average common shares outstanding:      
Basic 62,100 60,818 60,100
Diluted 62,685 60,818 60,100
Dividends declared per common share: $ 0 $ 0.01 $ 0.02