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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 211,902 $ 159,577
Accounts receivable, net 238,595 266,758
Inventories 360,142 397,223
Prepaid and other current assets 70,682 86,070
Total current assets 881,321 909,628
Property, plant and equipment, net 302,481 296,605
Operating Lease, Right-of-Use Asset 10,635 8,932
Deferred income taxes 32,361 38,736
Other long-term assets 30,937 30,729
Total assets 1,257,735 1,284,630
Current liabilities    
Short-term debt 17,556 30,857
Accounts payable 194,501 263,376
Other current liabilities 162,761 151,928
Total current liabilities 374,818 446,161
Long-term debt 409,747 414,761
Deferred income taxes 2,834 3,425
Other long-term liabilities 37,147 37,145
Total liabilities $ 824,546 $ 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 4,825,031 3,681,308
Titan stockholders' equity    
Common stock ($0.0001 par value, 120,000,000 shares authorized, 66,525,269 issued at September 30, 2023 and 66,525,269 at December 31, 2022) $ 0 $ 0
Additional paid-in capital 567,402 565,546
Retained earnings 172,188 90,863
Treasury stock (at cost, 4,825,031 shares at September 30, 2023 and 3,681,308 shares at December 31, 2022) (39,389) (23,418)
Accumulated other comprehensive loss (266,983) (251,755)
Total Titan shareholders’ equity 433,218 381,236
Noncontrolling interests (29) 1,902
Total equity 433,189 383,138
Total liabilities and equity $ 1,257,735 $ 1,284,630