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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 98,108 $ 117,431
  Accounts receivable (net of allowance of $4,550 and $3,782, respectively) 255,180 193,014
Inventories 392,615 293,679
Prepaid and other current assets 67,401 54,475
Total current assets 813,304 658,599
Property, plant and equipment, net 301,109 319,854
Operating Lease, Right-of-Use Asset 20,945 24,356
Deferred income taxes 16,831 2,591
Other long-term assets 30,496 26,484
Total assets 1,182,685 1,031,884
Current liabilities    
Short-term debt 32,500 31,119
Accounts payable 278,099 167,210
Other current liabilities 140,214 131,382
Total current liabilities 450,813 329,711
Long-term debt 452,451 433,584
Deferred income taxes 3,978 3,895
Other long-term liabilities 48,271 63,429
Total liabilities 955,513 830,619
Redeemable Noncontrolling Interest, Equity, Carrying Amount 0 25,000
Titan stockholders' equity    
Common stock ($0.0001 par, 120,000,000 shares authorized, 66,492,660 issued at December 2021 and 61,466,593 at December 2020) 0 0
Additional paid-in capital 562,340 532,742
Retained Earnings (Accumulated Deficit) (85,439) (135,025)
Treasury stock (at cost, 80,876 shares at December 2021 and 89,612 shares at December 2020) (1,121) (1,199)
Accumulated other comprehensive loss (246,480) (217,254)
Total Titan stockholders’ equity 229,300 179,264
Noncontrolling interests (2,128) (2,999)
Total equity 227,172 176,265
Total liabilities and equity $ 1,182,685 $ 1,031,884