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SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, 2022
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 79,744 |  |  | $ | 572,895 |  |  | $ | (79,744) |  |  | $ | 572,895 |
Cost of sales | — |  |  | 31,097 |  |  | 511,889 |  |  | (79,744) |  |  | 463,242 |
Gross profit | — |  |  | 48,647 |  |  | 61,006 |  |  | — |  |  | 109,653 |
Selling, general and administrative expenses | 2,490 |  |  | 13,053 |  |  | 19,126 |  |  | — |  |  | 34,669 |
Research and development expenses | 239 |  |  | 829 |  |  | 1,170 |  |  | — |  |  | 2,238 |
Royalty expense | — |  |  | 1,560 |  |  | 1,485 |  |  | — |  |  | 3,045 |
(Loss) income from operations | (2,729) |  |  | 33,205 |  |  | 39,225 |  |  | — |  |  | 69,701 |
Interest expense | (7,540) |  |  | (3) |  |  | (164) |  |  | — |  |  | (7,707) |
Intercompany interest income (expense) | 371 |  |  | 1,080 |  |  | (1,451) |  |  | — |  |  | — |
Foreign exchange (loss) gain | — |  |  | (365) |  |  | 2,599 |  |  | — |  |  | 2,234 |
Other income | 12 |  |  | 533 |  |  | 23,149 |  |  | — |  |  | 23,694 |
(Loss) income before income taxes | (9,886) |  |  | 34,450 |  |  | 63,358 |  |  | — |  |  | 87,922 |
Provision for income taxes | 1,118 |  |  | 162 |  |  | 17,721 |  |  | — |  |  | 19,001 |
Equity in earnings (loss) of subsidiaries | 81,038 |  |  | — |  |  | 20,792 |  |  | (101,830) |  |  | — |
Net income (loss) | 70,034 |  |  | 34,288 |  |  | 66,429 |  |  | (101,830) |  |  | 68,921 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | 1,750 |  |  | — |  |  | 1,750 |
Net income (loss) attributable to Titan | $ | 70,034 |  |  | $ | 34,288 |  |  | $ | 64,679 |  |  | $ | (101,830) |  |  | $ | 67,171 |
(Amounts in thousands) | Condensed Consolidating Statements of Operations For the Six Months Ended June 30, 2022
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 165,543 |  |  | $ | 1,128,892 |  |  | $ | (165,543) |  |  | $ | 1,128,892 |
Cost of sales | — |  |  | 77,913 |  |  | 1,020,140 |  |  | (165,543) |  |  | 932,510 |
Gross profit | — |  |  | 87,630 |  |  | 108,752 |  |  | — |  |  | 196,382 |
Selling, general and administrative expenses | 4,811 |  |  | 25,525 |  |  | 40,560 |  |  | — |  |  | 70,896 |
Research and development expenses | 509 |  |  | 1,669 |  |  | 2,980 |  |  | — |  |  | 5,158 |
Royalty expense | 230 |  |  | 2,865 |  |  | 2,824 |  |  | — |  |  | 5,919 |
(Loss) income from operations | (5,550) |  |  | 57,571 |  |  | 62,388 |  |  | — |  |  | 114,409 |
Interest expense | (15,126) |  |  | (8) |  |  | (480) |  |  | — |  |  | (15,614) |
Intercompany interest income (expense) | 734 |  |  | 1,713 |  |  | (2,447) |  |  | — |  |  | — |
Foreign exchange gain | — |  |  | 290 |  |  | 7,261 |  |  | — |  |  | 7,551 |
Other income | 12 |  |  | 1,040 |  |  | 13,783 |  |  | — |  |  | 14,835 |
(Loss) income before income taxes | (19,930) |  |  | 60,606 |  |  | 80,505 |  |  | — |  |  | 121,181 |
Provision for income taxes | 2,360 |  |  | 296 |  |  | 25,026 |  |  | — |  |  | 27,682 |
Equity in earnings (loss) of subsidiaries | 117,017 |  |  | — |  |  | 38,643 |  |  | (155,660) |  |  | — |
Net income (loss) | 94,727 |  |  | 60,310 |  |  | 94,122 |  |  | (155,660) |  |  | 93,499 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | 2,406 |  |  | — |  |  | 2,406 |
Net income (loss) attributable to Titan | $ | 94,727 |  |  | $ | 60,310 |  |  | $ | 91,716 |  |  | $ | (155,660) |  |  | $ | 91,093 |
Condensed Statement of Comprehensive Income [Table Text Block] |
(Amounts in thousands) | Condensed Consolidating Statements of Comprehensive Income (Loss) For the Three Months Ended June 30, 2022
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | 70,034 |  |  | $ | 34,288 |  |  | $ | 66,429 |  |  | $ | (101,830) |  |  | $ | 68,921 |
Derivative gain | — |  |  | — |  |  | 275 |  |  | — |  |  | 275 |
Currency translation adjustment | — |  |  | — |  |  | (11,536) |  |  | — |  |  | (11,536) |
Pension liability adjustments, net of tax | — |  |  | — |  |  | 431 |  |  | — |  |  | 431 |
Comprehensive income (loss) | 70,034 |  |  | 34,288 |  |  | 55,599 |  |  | (101,830) |  |  | 58,091 |
Net comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | 8,979 |  |  | — |  |  | 8,979 |
Comprehensive income (loss) attributable to Titan | $ | 70,034 |  |  | $ | 34,288 |  |  | $ | 46,620 |  |  | $ | (101,830) |  |  | $ | 49,112 |
(Amounts in thousands) | Condensed Consolidating Statements of Comprehensive (Loss) Income For the Six Months Ended June 30, 2022
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Net income (loss) | $ | 94,727 |  |  | $ | 60,310 |  |  | $ | 94,122 |  |  | $ | (155,660) |  |  | $ | 93,499 |
Derivative gain | — |  |  | — |  |  | 578 |  |  | — |  |  | 578 |
Currency translation adjustment | — |  |  | — |  |  | 5,739 |  |  | — |  |  | 5,739 |
Pension liability adjustments, net of tax | — |  |  | — |  |  | 975 |  |  | — |  |  | 975 |
Comprehensive income (loss) | 94,727 |  |  | 60,310 |  |  | 101,414 |  |  | (155,660) |  |  | 100,791 |
Net comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | 8,453 |  |  | — |  |  | 8,453 |
Comprehensive income (loss) attributable to Titan | $ | 94,727 |  |  | $ | 60,310 |  |  | $ | 92,961 |  |  | $ | (155,660) |  |  | $ | 92,338 |
Condensed Balance Sheet [Table Text Block] |
(Amounts in thousands) | Condensed Consolidating Balance Sheets June 30, 2022
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 22,539 |  |  | $ | 4 |  |  | $ | 94,160 |  |  | $ | — |  |  | $ | 116,703 |
Accounts receivable, net | — |  |  | 40 |  |  | 299,030 |  |  | — |  |  | 299,070 |
Inventories | — |  |  | 74,981 |  |  | 347,783 |  |  | — |  |  | 422,764 |
Prepaid and other current assets | 988 |  |  | 16,196 |  |  | 73,660 |  |  | — |  |  | 90,844 |
Total current assets | 23,527 |  |  | 91,221 |  |  | 814,633 |  |  | — |  |  | 929,381 |
Property, plant and equipment, net | 592 |  |  | 80,042 |  |  | 216,198 |  |  | — |  |  | 296,832 |
Investment in subsidiaries | 826,594 |  |  | — |  |  | 104,455 |  |  | (931,049) |  |  | — |
Other assets | 1,148 |  |  | 13,910 |  |  | 47,913 |  |  | — |  |  | 62,971 |
Total assets | $ | 851,861 |  |  | $ | 185,173 |  |  | $ | 1,183,199 |  |  | $ | (931,049) |  |  | $ | 1,289,184 |
Liabilities and Equity |  |  |  |  |  |  |  |  |
Short-term debt | $ | — |  |  | $ | — |  |  | $ | 44,059 |  |  | $ | — |  |  | $ | 44,059 |
Accounts payable | 1,521 |  |  | 53,946 |  |  | 229,335 |  |  | — |  |  | 284,802 |
Other current liabilities | 37,121 |  |  | 28,899 |  |  | 102,378 |  |  | — |  |  | 168,398 |
Total current liabilities | 38,642 |  |  | 82,845 |  |  | 375,772 |  |  | — |  |  | 497,259 |
Long-term debt | 417,954 |  |  | — |  |  | 23,167 |  |  | — |  |  | 441,121 |
Other long-term liabilities | 192 |  |  | 4,978 |  |  | 39,964 |  |  | — |  |  | 45,134 |
Intercompany accounts | 54,759 |  |  | (522,829) |  |  | 468,070 |  |  | — |  |  | — |
Titan shareholders' equity | 340,314 |  |  | 620,179 |  |  | 269,901 |  |  | (931,049) |  |  | 299,345 |
Noncontrolling interests | — |  |  | — |  |  | 6,325 |  |  | — |  |  | 6,325 |
Total liabilities and equity | $ | 851,861 |  |  | $ | 185,173 |  |  | $ | 1,183,199 |  |  | $ | (931,049) |  |  | $ | 1,289,184 |
Condensed Cash Flow Statement [Table Text Block] |
(Amounts in thousands) | Condensed Consolidating Statements of Cash Flows For the Six Months Ended June 30, 2022 |  |
| Titan Intl., Inc. (Parent) |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated |  |
Net cash provided by (used for) operating activities | $ | 47,069 |  |  | $ | 6,585 |  |  | $ | (4,736) |  |  | $ | 48,918 |  |  |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (6,578) |  |  | (12,886) |  |  | (19,464) |  |  |
Proceeds from the sale of the Australian wheel business | — |  |  | — |  |  | 9,293 |  |  | 9,293 |  |  |
Proceeds from sale of fixed assets | — |  |  | — |  |  | 297 |  |  | 297 |  |  |
Net cash used for investing activities | — |  |  | (6,578) |  |  | (3,296) |  |  | (9,874) |  |  |
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from borrowings | 65,430 |  |  | — |  |  | 23,585 |  |  | 89,015 |  |  |
Repurchase of common stock | (25,000) |  |  | — |  |  | — |  |  | (25,000) |  |  |
Payment on debt | (72,000) |  |  | — |  |  | (14,004) |  |  | (86,004) |  |  |
Other financing activities | — |  |  | (20) |  |  | (608) |  |  | (628) |  |  |
Net cash (used for) provided by financing activities | (31,570) |  |  | (20) |  |  | 8,973 |  |  | (22,617) |  |  |
Effect of exchange rate change on cash | — |  |  | — |  |  | 2,168 |  |  | 2,168 |  |  |
Net increase (decrease) in cash and cash equivalents | 15,499 |  |  | (13) |  |  | 3,109 |  |  | 18,595 |  |  |
Cash and cash equivalents, beginning of period | 7,040 |  |  | 17 |  |  | 91,051 |  |  | 98,108 |  |  |
Cash and cash equivalents, end of period | $ | 22,539 |  |  | $ | 4 |  |  | $ | 94,160 |  |  | $ | 116,703 |  |  |

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