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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net sales $ 447,985 $ 401,781 $ 1,462,364 $ 1,431,601
Cost of sales 389,180 335,708 1,245,747 1,184,076
Gross profit 58,805 66,073 216,617 247,525
Selling, general and administrative expenses 49,533 33,587 140,536 102,917
Acquisition related expenses 0 0 6,196 0
Research and development expenses 4,199 3,167 12,071 9,399
Royalty expense 2,266 2,344 7,613 7,200
Income from operations 2,807 26,975 50,201 128,009
Interest expense (9,005) (7,229) (27,103) (22,446)
Interest income 3,064 3,298 8,483 6,261
Foreign exchange (loss) gain (2,525) 876 (2,338) (882)
Other income 375 461 4,057 2,409
(Loss) income before income taxes (5,284) 24,381 33,300 113,351
Provision for income taxes 12,915 4,718 38,103 28,363
Net (loss) income (18,199) 19,663 (4,803) 84,988
Net income attributable to noncontrolling interests 50 383 2,096 3,663
Net (loss) income attributable to Titan and applicable to common shareholders $ (18,249) $ 19,280 $ (6,899) $ 81,325
(Loss) earnings per common share:        
Basic (in dollars per share) $ (0.25) $ 0.31 $ (0.10) $ 1.29
Diluted (in dollars per share) $ (0.25) $ 0.31 $ (0.10) $ 1.29
Average common shares and equivalents outstanding:        
Basic (in shares) 72,013 62,598 69,900 62,810
Diluted (in shares) 72,013 63,095 69,900 63,271