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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue from Contract with Customer, Excluding Assessed Tax $ 548,644 $ 555,997
Cost of sales 453,087 469,268
Gross profit 95,557 86,729
Selling, general and administrative expenses 34,472 36,227
Research and development expenses 3,014 2,920
Royalty expense 2,935 2,874
Income (loss) from operations 55,136 44,708
Interest expense, net (6,492) (7,907)
Foreign exchange (loss) gain (1,760) 5,317
Other income 762 (8,859)
Income before income taxes 47,646 33,259
Provision for income taxes 14,216 8,681
Net income 33,430 24,578
Net income attributable to noncontrolling interests 1,592 656
Net income attributable to Titan and applicable to common shareholders $ 31,838 $ 23,922
Earnings per common share:    
Basic $ 0.51 $ 0.37
Diluted $ 0.50 $ 0.37
Average common shares and equivalents outstanding:    
Basic 62,905 63,860
Diluted 63,621 64,350