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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Related Party
Total Titan Equity
Total Titan Equity
Related Party
Common stock
Common stock
Related Party
Additional paid-in capital
Retained earnings (deficit)
Treasury stock
Treasury stock
Related Party
Accumulated other comprehensive income (loss)
Non-controlling interest
Balance, beginning (in shares) at Dec. 31, 2021         66,411,784              
Balance, beginning at Dec. 31, 2021 $ 227,172   $ 229,300   $ 0   $ 562,340 $ (85,439) $ (1,121)   $ (246,480) $ (2,128)
Net (loss) income 179,186   176,302         176,302       2,884
Currency translation adjustment (6,507)   (7,653)               (7,653) 1,146
Pension liability adjustments, net of tax 1,115   1,115               1,115  
Derivative gain (loss) 1,263   1,263               1,263  
Stock-based compensation (in shares)         339,791              
Stock-based compensation 4,282   4,282       2,151   2,131      
Issuance of common stock and treasury stock under 401(k) plan (in shares)         124,645              
Issuance of common stock and treasury stock under 401(k) plan 1,627   1,627       1,055   572      
Common stock repurchase (in shares)         (4,032,259)              
Common stock repurchase (25,000)   (25,000)           (25,000)      
Balance, ending (in shares) at Dec. 31, 2022         62,843,961              
Balance, ending at Dec. 31, 2022 383,138   381,236   $ 0   565,546 90,863 (23,418)   (251,755) 1,902
Net (loss) income 83,706   78,760         78,760       4,946
Currency translation adjustment 22,267   26,257               26,257 (3,990)
Pension liability adjustments, net of tax 6,939   6,939               6,939  
Derivative gain (loss) (484)   (484)               (484)  
Stock-based compensation (in shares)         381,241              
Stock-based compensation 5,235   5,235       2,819   2,416      
Issuance of common stock and treasury stock under 401(k) plan (in shares)         144,439              
Issuance of common stock and treasury stock under 401(k) plan $ 1,776   1,776       780   996      
Common stock repurchase (in shares) (2,653,786)       (2,653,786)              
Common stock repurchase $ (32,579)   (32,579)           (32,579)      
Sale of investment (2,135)                     (2,135)
Acquisition of additional non-controlling interest $ (448)   (80)       (80)         (368)
Balance, ending (in shares) at Dec. 31, 2023 60,715,855       60,715,855              
Balance, ending at Dec. 31, 2023 $ 467,415   467,060   $ 0   569,065 169,623 (52,585)   (219,043) 355
Net (loss) income (3,590)   (5,560)         (5,560)       1,970
Currency translation adjustment (74,753)   (72,223)               (72,223) (2,530)
Pension liability adjustments, net of tax 5,624   5,624               (5,624)  
Derivative gain (loss) (235)   (235)               (235)  
Stock-based compensation (in shares)         345,347              
Stock-based compensation 5,404   5,404       2,273   3,131      
Issuance of common stock and treasury stock under 401(k) plan (in shares)         126,060              
Issuance of common stock and treasury stock under 401(k) plan $ 1,328   1,328       192   1,136      
Common stock repurchase (in shares) (1,964,593)       (1,964,593) (8,005,000)            
Common stock repurchase $ (16,382) $ (57,636) (16,382) $ (57,636)         (16,382) $ (57,636)    
Sale of investment (2,212)                     (2,212)
Common stock issuance (in shares)         11,921,766              
Common stock issuance $ 168,693   168,693       168,693          
Balance, ending (in shares) at Dec. 31, 2024 63,139,435       63,139,435              
Balance, ending at Dec. 31, 2024 $ 493,656   $ 496,073   $ 0   $ 740,223 $ 164,063 $ (122,336)   $ (285,877) $ (2,417)