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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net sales $ 532,170 $ 481,176 $ 1,014,379 $ 1,029,820
Cost of sales 451,728 395,281 856,567 848,368
Gross profit 80,442 85,895 157,812 181,452
Selling, general and administrative expenses 51,583 34,858 91,003 69,330
Acquisition related expenses 0 0 6,196 0
Research and development expenses 4,218 3,218 7,872 6,232
Royalty expense 2,319 1,921 5,347 4,856
Income from operations 22,322 45,898 47,394 101,034
Interest expense, net (7,187) (5,762) (12,679) (12,254)
Foreign exchange gain (loss) 462 2 187 (1,758)
Other income 3,277 1,186 3,682 1,948
Income before income taxes 18,874 41,324 38,584 88,970
Provision for income taxes 15,452 9,429 25,188 23,645
Net income 3,422 31,895 13,396 65,325
Net income attributable to noncontrolling interests 1,273 1,688 2,046 3,280
Net income attributable to Titan and applicable to common shareholders $ 2,149 $ 30,207 $ 11,350 $ 62,045
Earnings per common share:        
Basic (in dollars per share) $ 0.03 $ 0.48 $ 0.16 $ 0.99
Diluted (in dollars per share) $ 0.03 $ 0.48 $ 0.16 $ 0.98
Average common shares and equivalents outstanding:        
Basic (in shares) 72,737 62,931 68,833 62,918
Diluted (in shares) 73,078 63,234 69,361 63,404