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SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Tables)
3 Months Ended
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 SubsidiariesNon-Guarantor SubsidiariesEliminationsConsolidated
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 expenses2,321 12,472 21,434 — 36,227 
Research and development expenses270 840 1,810 — 2,920 
Royalty expense230 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 taxes1,242 134 7,305 — 8,681 
Equity in earnings (loss) of subsidiaries35,979 — 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 SubsidiariesNon-Guarantor SubsidiariesEliminationsConsolidated
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 SubsidiariesNon-Guarantor SubsidiariesEliminationsConsolidated
Assets     
Cash and cash equivalents$10,829 $(4)$87,319 $— $98,144 
Accounts receivable, net150 309,254 — 309,411 
Inventories— 75,593 348,607 — 424,200 
Prepaid and other current assets1,254 15,605 62,856 — 79,715 
Total current assets12,233 91,201 808,036 — 911,470 
Property, plant and equipment, net1,610 79,032 217,643 — 298,285 
Investment in subsidiaries765,364 — 84,463 (849,827)— 
Other assets1,260 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 payable2,079 63,683 236,620 — 302,382 
Other current liabilities40,794 24,632 86,234 — 151,660 
Total current liabilities42,873 88,315 360,707 — 491,895 
Long-term debt457,743 — 26,857 — 484,600 
Other long-term liabilities212 5,561 41,313 — 47,086 
Intercompany accounts(9,705)(496,495)506,200 — — 
Redeemable noncontrolling interest— — — — — 
Titan shareholders' equity289,344 586,805 222,052 (849,827)248,374 
Noncontrolling interests— — (2,654)— (2,654)
Total liabilities and equity$780,467 $184,186 $1,154,475 $(849,827)$1,269,301 
Condensed Cash Flow Statement [Table Text Block]
(Amounts in thousands)Condensed Consolidating Statements of Cash Flows
For the Three Months Ended March 31, 2022
 Titan
 Intl., Inc. (Parent)
Guarantor SubsidiariesNon-Guarantor SubsidiariesConsolidated
Net cash (used for) provided by operating activities$(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 borrowings62,219 — 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 activities8,219 (10)3,504 11,713 
Effect of exchange rate change on cash— — 4,428 4,428 
Net increase (decrease) in cash and cash equivalents3,789 (21)(3,732)36 
Cash and cash equivalents, beginning of period7,040 17 91,051 98,108 
Cash and cash equivalents, end of period$10,829 $(4)$87,319 $98,144