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SUBSIDIARY GUARANTOR FINANCIAL INFORMATION
 6 Months Ended
Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Condensed Financial Information of Parent Company Only Disclosure [Text Block] SUBSIDIARY GUARANTOR FINANCIAL INFORMATION
Our senior secured notes due 2028 are guaranteed by the following wholly-owned subsidiaries of the Company: Titan Tire Corporation, Titan Tire Corporation of Bryan, Titan Tire Corporation of Freeport, and Titan Wheel Corporation of Illinois. The note guarantees are the full and unconditional, joint and several obligations of the guarantors. The guarantees of the guarantor subsidiaries are subject to release in limited circumstances upon the occurrence of certain customary conditions. The following condensed consolidating financial statements are presented using the equity method of accounting. Certain sales and marketing expenses recorded by non-guarantor subsidiaries have not been allocated to the guarantor subsidiaries.


(Amounts in thousands)Condensed Consolidating Statements of Operations
For the Three Months Ended June 30, 2022
 Titan
 Intl., Inc. (Parent)		Guarantor SubsidiariesNon-Guarantor SubsidiariesEliminationsConsolidated
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 expenses2,490 13,053 19,126 — 34,669 
Research and development expenses239 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 income12 533 23,149 — 23,694 
(Loss) income before income taxes(9,886)34,450 63,358 — 87,922 
Provision for income taxes1,118 162 17,721 — 19,001 
Equity in earnings (loss) of subsidiaries81,038 — 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)$67,171 
(Amounts in thousands) Condensed Consolidating Statements of Operations
For the Six Months Ended June 30, 2022
 Titan
 Intl., Inc. (Parent)		Guarantor SubsidiariesNon-Guarantor SubsidiariesEliminationsConsolidated
Net sales$— $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 expenses4,811 25,525 40,560 — 70,896 
Research and development expenses509 1,669 2,980 — 5,158 
Royalty expense230 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 income12 1,040 13,783 — 14,835 
(Loss) income before income taxes(19,930)60,606 80,505 — 121,181 
Provision for income taxes2,360 296 25,026 — 27,682 
Equity in earnings (loss) of subsidiaries117,017 — 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 



(Amounts in thousands)Condensed Consolidating Statements of Comprehensive Income (Loss)
For the Three Months Ended June 30, 2022
 Titan
 Intl., Inc. (Parent)		Guarantor SubsidiariesNon-Guarantor SubsidiariesEliminationsConsolidated
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 SubsidiariesNon-Guarantor SubsidiariesEliminationsConsolidated
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 



(Amounts in thousands)Condensed Consolidating Balance Sheets
June 30, 2022
 Titan
 Intl., Inc. (Parent)		Guarantor SubsidiariesNon-Guarantor SubsidiariesEliminationsConsolidated
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 assets988 16,196 73,660 — 90,844 
Total current assets23,527 91,221 814,633 — 929,381 
Property, plant and equipment, net592 80,042 216,198 — 296,832 
Investment in subsidiaries826,594 — 104,455 (931,049)— 
Other assets1,148 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 payable1,521 53,946 229,335 — 284,802 
Other current liabilities37,121 28,899 102,378 — 168,398 
Total current liabilities38,642 82,845 375,772 — 497,259 
Long-term debt417,954 — 23,167 — 441,121 
Other long-term liabilities192 4,978 39,964 — 45,134 
Intercompany accounts54,759 (522,829)468,070 — — 
Titan shareholders' equity340,314 620,179 269,901 (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 
(Amounts in thousands)Condensed Consolidating Statements of Cash Flows
For the Six Months Ended June 30, 2022
 Titan
 Intl., Inc. (Parent)		Guarantor SubsidiariesNon-Guarantor SubsidiariesConsolidated
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 borrowings65,430 — 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 equivalents15,499 (13)3,109 18,595 
Cash and cash equivalents, beginning of period7,040 17 91,051 98,108 
Cash and cash equivalents, end of period$22,539 $4 $94,160 $116,703