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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 164,116 $ 159,577
Accounts receivable, net 325,968 266,758
Inventories 388,980 397,223
Prepaid and other current assets 91,404 86,070
Total current assets 970,468 909,628
Property, plant and equipment, net 300,447 296,605
Operating Lease, Right-of-Use Asset 7,805 8,932
Deferred income taxes 34,899 38,736
Other long-term assets 31,188 30,729
Total assets 1,344,807 1,284,630
Current liabilities    
Short-term debt 23,836 30,857
Accounts payable 276,072 263,376
Other current liabilities 167,954 151,928
Total current liabilities 467,862 446,161
Long-term debt 413,371 414,761
Deferred income taxes 3,438 3,425
Other long-term liabilities 36,929 37,145
Total liabilities $ 921,600 $ 901,492
Common Stock, par value $ 0.0001  
Common Stock, shares authorized (in shares) 120,000,000  
Common Stock, shares issued (in shares) 66,525,269 66,525,269
Treasury Stock, Common, Shares 3,440,207 3,681,308
Titan stockholders' equity    
Common stock ($0.0001 par value, 120,000,000 shares authorized, 66,525,269 issued at March 31, 2023 and 66,525,269 at December 31, 2022) $ 0 $ 0
Additional paid-in capital 564,493 565,546
Retained earnings 122,701 90,863
Treasury stock (at cost, 3,440,207 shares at March 31, 2023 and 3,681,308 shares at December 31, 2022) (22,529) (23,418)
Accumulated other comprehensive loss (243,857) (251,755)
Total Titan shareholders’ equity 420,808 381,236
Noncontrolling interests 2,399 1,902
Total equity 423,207 383,138
Total liabilities and equity $ 1,344,807 $ 1,284,630