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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue from Contract with Customer, Excluding Assessed Tax $ 555,997 $ 403,518
Cost of sales 469,268 350,253
Gross profit 86,729 53,265
Selling, general and administrative expenses 36,227 34,028
Research and development expenses 2,920 2,553
Royalty expense 2,874 2,453
Income (loss) from operations 44,708 14,231
Interest expense (7,907) (7,523)
Foreign exchange gain 5,317 9,477
Other income (8,859) (368)
Income before income taxes 33,259 15,817
Provision for income taxes 8,681 2,594
Net income 24,578 13,223
Net income (loss) attributable to noncontrolling interests 656 (351)
Net income attributable to Titan and applicable to common shareholders 23,922 13,574
Net income (loss) applicable to common shareholders $ 23,922 $ 13,574
Earnings per common share:    
Basic $ 0.37 $ 0.22
Diluted $ 0.37 $ 0.22
Average common shares and equivalents outstanding:    
Basic 63,860 61,466
Diluted 64,350 62,414
Other Nonoperating Income $ 349 $ (1,223)