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SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Tables) | 3 Months Ended
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Mar. 31, 2022
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 March 31, 2022
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 85,799 |  |  | $ | 555,997 |  |  | $ | (85,799) |  |  | $ | 555,997 |
Cost of sales | — |  |  | 46,816 |  |  | 508,251 |  |  | (85,799) |  |  | 469,268 |
Gross profit | — |  |  | 38,983 |  |  | 47,746 |  |  | — |  |  | 86,729 |
Selling, general and administrative expenses | 2,321 |  |  | 12,472 |  |  | 21,434 |  |  | — |  |  | 36,227 |
Research and development expenses | 270 |  |  | 840 |  |  | 1,810 |  |  | — |  |  | 2,920 |
Royalty expense | 230 |  |  | 1,305 |  |  | 1,339 |  |  | — |  |  | 2,874 |
(Loss) income from operations | (2,821) |  |  | 24,366 |  |  | 23,163 |  |  | — |  |  | 44,708 |
Interest expense | (7,586) |  |  | (5) |  |  | (316) |  |  | — |  |  | (7,907) |
Intercompany interest income (expense) | 363 |  |  | 633 |  |  | (996) |  |  | — |  |  | — |
Foreign exchange gain | — |  |  | 655 |  |  | 4,662 |  |  | — |  |  | 5,317 |
Other income (expense) | — |  |  | 507 |  |  | (9,366) |  |  | — |  |  | (8,859) |
(Loss) income before income taxes | (10,044) |  |  | 26,156 |  |  | 17,147 |  |  | — |  |  | 33,259 |
Provision for income taxes | 1,242 |  |  | 134 |  |  | 7,305 |  |  | — |  |  | 8,681 |
Equity in earnings (loss) of subsidiaries | 35,979 |  |  | — |  |  | 17,851 |  |  | (53,830) |  |  | — |
Net income (loss) | 24,693 |  |  | 26,022 |  |  | 27,693 |  |  | (53,830) |  |  | 24,578 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | 656 |  |  | — |  |  | 656 |
Net income (loss) attributable to Titan | $ | 24,693 |  |  | $ | 26,022 |  |  | $ | 27,037 |  |  | $ | (53,830) |  |  | $ | 23,922 |
Condensed Statement of Comprehensive Income [Table Text Block] |
(Amounts in thousands) | Condensed Consolidating Statements of Comprehensive Income (Loss) For the Three Months Ended March 31, 2022
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | 24,693 |  |  | $ | 26,022 |  |  | $ | 27,693 |  |  | $ | (53,830) |  |  | $ | 24,578 |
Derivative gain | — |  |  | — |  |  | 303 |  |  | — |  |  | 303 |
Currency translation adjustment | — |  |  | — |  |  | 17,275 |  |  | — |  |  | 17,275 |
Pension liability adjustments, net of tax | — |  |  | — |  |  | 544 |  |  | — |  |  | 544 |
Comprehensive income (loss) | 24,693 |  |  | 26,022 |  |  | 45,815 |  |  | (53,830) |  |  | 42,700 |
Net comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | (526) |  |  | — |  |  | (526) |
Comprehensive income (loss) attributable to Titan | $ | 24,693 |  |  | $ | 26,022 |  |  | $ | 46,341 |  |  | $ | (53,830) |  |  | $ | 43,226 |
Condensed Balance Sheet [Table Text Block] |
(Amounts in thousands) | Condensed Consolidating Balance Sheets March 31, 2022
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 10,829 |  |  | $ | (4) |  |  | $ | 87,319 |  |  | $ | — |  |  | $ | 98,144 |
Accounts receivable, net | 150 |  |  | 7 |  |  | 309,254 |  |  | — |  |  | 309,411 |
Inventories | — |  |  | 75,593 |  |  | 348,607 |  |  | — |  |  | 424,200 |
Prepaid and other current assets | 1,254 |  |  | 15,605 |  |  | 62,856 |  |  | — |  |  | 79,715 |
Total current assets | 12,233 |  |  | 91,201 |  |  | 808,036 |  |  | — |  |  | 911,470 |
Property, plant and equipment, net | 1,610 |  |  | 79,032 |  |  | 217,643 |  |  | — |  |  | 298,285 |
Investment in subsidiaries | 765,364 |  |  | — |  |  | 84,463 |  |  | (849,827) |  |  | — |
Other assets | 1,260 |  |  | 13,953 |  |  | 44,333 |  |  | — |  |  | 59,546 |
Total assets | $ | 780,467 |  |  | $ | 184,186 |  |  | $ | 1,154,475 |  |  | $ | (849,827) |  |  | $ | 1,269,301 |
Liabilities and Equity |  |  |  |  |  |  |  |  |
Short-term debt | $ | — |  |  | $ | — |  |  | $ | 37,853 |  |  | $ | — |  |  | $ | 37,853 |
Accounts payable | 2,079 |  |  | 63,683 |  |  | 236,620 |  |  | — |  |  | 302,382 |
Other current liabilities | 40,794 |  |  | 24,632 |  |  | 86,234 |  |  | — |  |  | 151,660 |
Total current liabilities | 42,873 |  |  | 88,315 |  |  | 360,707 |  |  | — |  |  | 491,895 |
Long-term debt | 457,743 |  |  | — |  |  | 26,857 |  |  | — |  |  | 484,600 |
Other long-term liabilities | 212 |  |  | 5,561 |  |  | 41,313 |  |  | — |  |  | 47,086 |
Intercompany accounts | (9,705) |  |  | (496,495) |  |  | 506,200 |  |  | — |  |  | — |
Redeemable noncontrolling interest | — |  |  | — |  |  | — |  |  | — |  |  | — |
Titan shareholders' equity | 289,344 |  |  | 586,805 |  |  | 222,052 |  |  | (849,827) |  |  | 248,374 |
Noncontrolling interests | — |  |  | — |  |  | (2,654) |  |  | — |  |  | (2,654) |
Total liabilities and equity | $ | 780,467 |  |  | $ | 184,186 |  |  | $ | 1,154,475 |  |  | $ | (849,827) |  |  | $ | 1,269,301 |
Condensed Cash Flow Statement [Table Text Block] |
(Amounts in thousands) | Condensed Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2022 |  |
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated |  |
Net cash (used for) provided by operating activities | $ | (4,430) |  |  | $ | 2,052 |  |  | $ | (16,139) |  |  | $ | (18,517) |  |  |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (2,063) |  |  | (5,574) |  |  | (7,637) |  |  |
Proceeds from the sale of the Australian wheel business | — |  |  | — |  |  | 9,293 |  |  | 9,293 |  |  |
Proceeds from sale of fixed assets | — |  |  | — |  |  | 756 |  |  | 756 |  |  |
Net cash (used for) provided by investing activities | — |  |  | (2,063) |  |  | 4,475 |  |  | 2,412 |  |  |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from borrowings | 62,219 |  |  | — |  |  | 14,563 |  |  | 76,782 |  |  |
Payment on debt | (29,000) |  |  | — |  |  | (10,483) |  |  | (39,483) |  |  |
Repurchase of common stock | (25,000) |  |  | — |  |  | — |  |  | (25,000) |  |  |
Other financing activities | — |  |  | (10) |  |  | (576) |  |  | (586) |  |  |
Net cash provided by (used for) financing activities | 8,219 |  |  | (10) |  |  | 3,504 |  |  | 11,713 |  |  |
Effect of exchange rate change on cash | — |  |  | — |  |  | 4,428 |  |  | 4,428 |  |  |
Net increase (decrease) in cash and cash equivalents | 3,789 |  |  | (21) |  |  | (3,732) |  |  | 36 |  |  |
Cash and cash equivalents, beginning of period | 7,040 |  |  | 17 |  |  | 91,051 |  |  | 98,108 |  |  |
Cash and cash equivalents, end of period | $ | 10,829 |  |  | $ | (4) |  |  | $ | 87,319 |  |  | $ | 98,144 |  |  |

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