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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 196,452 $ 159,577
Accounts receivable, net 280,688 266,758
Inventories 378,258 397,223
Prepaid and other current assets 78,856 86,070
Total current assets 934,254 909,628
Property, plant and equipment, net 307,612 296,605
Operating Lease, Right-of-Use Asset 6,999 8,932
Deferred income taxes 26,689 38,736
Other long-term assets 29,597 30,729
Total assets 1,305,151 1,284,630
Current liabilities    
Short-term debt 18,536 30,857
Accounts payable 231,884 263,376
Other current liabilities 152,826 151,928
Total current liabilities 403,246 446,161
Long-term debt 411,671 414,761
Deferred income taxes 3,312 3,425
Other long-term liabilities 35,962 37,145
Total liabilities $ 854,191 $ 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 3,837,049 3,681,308
Titan stockholders' equity    
Common stock ($0.0001 par value, 120,000,000 shares authorized, 66,525,269 issued at June 30, 2023 and 66,525,269 at December 31, 2022) $ 0 $ 0
Additional paid-in capital 565,734 565,546
Retained earnings 152,908 90,863
Treasury stock (at cost, 3,837,049 shares at June 30, 2023 and 3,681,308 shares at December 31, 2022) (26,983) (23,418)
Accumulated other comprehensive loss (241,561) (251,755)
Total Titan shareholders’ equity 450,098 381,236
Noncontrolling interests 862 1,902
Total equity 450,960 383,138
Total liabilities and equity $ 1,305,151 $ 1,284,630