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SUBSIDIARY GUARANTOR FINANCIAL INFORMATION-5.625% CONVERTIBLE NOTES (Tables) (Convertible Senior Subordinated Notes 5.625 Percent [Member])
3 Months Ended
Mar. 31, 2012
Convertible Senior Subordinated Notes 5.625 Percent [Member]
 
Condensed Financial Statements, Captions [Line Items]  
Condensed Financial Information, Condensed Statement of Operations [Table Text Block]
(Amounts in thousands)
Consolidating Condensed Statements of Operations
For the Three Months Ended March 31, 2012
 
Titan
 Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net sales
$
—

 
$
371,129

 
$
91,959

 
$
—

 
$
463,088

Cost of sales
302

 
285,024

 
84,399

 
—

 
369,725

Gross profit (loss)
(302
)
 
86,105

 
7,560

 
—

 
93,363

Selling, general and administrative expenses
10,587

 
15,675

 
4,573

 
—

 
30,835

Research and development expenses
124

 
1,298

 
86

 
—

 
1,508

Royalty expense
—

 
1,693

 
656

 
—

 
2,349

Income (loss) from operations
(11,013
)
 
67,439

 
2,245

 
—

 
58,671

Interest expense
(6,062
)
 
—

 
(233
)
 
—

 
(6,295
)
Other income
2,174

 
497

 
440

 
—

 
3,111

Income (loss) before income taxes
(14,901
)
 
67,936

 
2,452

 
—

 
55,487

Provision (benefit) for income taxes
(6,952
)
 
25,041

 
2,004

 
—

 
20,093

Equity in earnings of subsidiaries
43,343

 
—

 
—

 
(43,343
)
 
—

Net income (loss)
35,394

 
42,895

 
448

 
(43,343
)
 
35,394

Net loss noncontrolling interests
—

 
—

 
—

 
(25
)
 
(25
)
Net income (loss) attributable to Titan
$
35,394

 
$
42,895

 
$
448

 
$
(43,318
)
 
$
35,419



(Amounts in thousands)
Consolidating Condensed Statements of Operations
For the Three Months Ended March 31, 2011
 
Titan
 Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net sales
$
—

 
$
280,829

 
$
—

 
$
—

 
$
280,829

Cost of sales
361

 
223,754

 
442

 
—

 
224,557

Gross profit (loss)
(361
)
 
57,075

 
(442
)
 
—

 
56,272

Selling, general and administrative expenses
15,405

 
2,725

 
7,163

 
—

 
25,293

Research and development expenses
—

 
1,183

 
—

 
—

 
1,183

Royalty expense
—

 
2,917

 
—

 
—

 
2,917

Income (loss) from operations
(15,766
)
 
50,250

 
(7,605
)
 
—

 
26,879

Interest expense
(6,280
)
 
—

 
—

 
—

 
(6,280
)
Noncash convertible debt conversion charge
(16,135
)
 
—

 
—

 
—

 
(16,135
)
Other income (expense)
317

 
(202
)
 
78

 
—

 
193

Income (loss) before income taxes
(37,864
)
 
50,048

 
(7,527
)
 
—

 
4,657

Provision (benefit) for income taxes
(8,039
)
 
18,518

 
(2,786
)
 
—

 
7,693

Equity in earnings of subsidiaries
26,789

 
—

 
—

 
(26,789
)
 
—

Net income (loss)
$
(3,036
)
 
$
31,530

 
$
(4,741
)
 
$
(26,789
)
 
$
(3,036
)


Condensed Financial Information, Condensed Statement of Comprehensive Income [Table Text Block]
(Amounts in thousands)
Consolidating Condensed Statements of Comprehensive Income
For the Three Months Ended March 31, 2012
 
Titan
 Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net income (loss)
$
35,394

 
$
42,895

 
$
448

 
$
(43,343
)
 
$
35,394

Unrealized gain (loss) on investments, net of tax
5,917

 
—

 
5,917

 
(5,917
)
 
5,917

Currency translation adjustment
3,567

 
—

 
3,567

 
(3,567
)
 
3,567

Pension liability adjustments, net of tax
836

 
790

 
46

 
(836
)
 
836

Comprehensive income (loss)
45,714

 
43,685

 
9,978

 
(53,663
)
 
45,714

Net comprehensive loss attributable to noncontrolling interests
—

 
—

 
—

 
(25
)
 
(25
)
Comprehensive income (loss) attributable to Titan
$
45,714

 
$
43,685

 
$
9,978

 
$
(53,638
)
 
$
45,739



(Amounts in thousands)
Consolidating Condensed Statements of Comprehensive Income
For the Three Months Ended March 31, 2011
 
Titan
 Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net income (loss)
$
(3,036
)
 
$
31,530

 
$
(4,741
)
 
$
(26,789
)
 
$
(3,036
)
Unrealized gain (loss) on investments, net of tax
(993
)
 
—

 
(993
)
 
993

 
(993
)
Currency translation adjustment
—

 
—

 
—

 
—

 
—

Pension liability adjustments, net of tax
593

 
553

 
40

 
(593
)
 
593

Comprehensive income (loss)
(3,436
)
 
32,083

 
(5,694
)
 
(26,389
)
 
(3,436
)
Net comprehensive loss attributable to noncontrolling interests
—

 
—

 
—

 
—

 
—

Comprehensive income (loss) attributable to Titan
$
(3,436
)
 
$
32,083

 
$
(5,694
)
 
$
(26,389
)
 
$
(3,436
)
Condensed Financial Information, Condensed Balance Sheet [Table Text Block]
(Amounts in thousands)
Consolidating Condensed Balance Sheets
March 31, 2012
 
Titan
 Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
116,518

 
$
6

 
$
12,784

 
$
—

 
$
129,308

Accounts receivable
—

 
192,351

 
53,597

 
—

 
245,948

Inventories
—

 
184,114

 
30,040

 
—

 
214,154

Prepaid and other current assets
33,400

 
17,325

 
14,901

 
—

 
65,626

Total current assets
149,918

 
393,796

 
111,322

 
—

 
655,036

Property, plant and equipment, net
8,805

 
217,232

 
107,881

 
—

 
333,918

Investment in subsidiaries
220,693

 
—

 
—

 
(220,693
)
 
—

Other assets
44,910

 
1,403

 
63,932

 
—

 
110,245

Total assets
$
424,326

 
$
612,431

 
$
283,135

 
$
(220,693
)
 
$
1,099,199

Liabilities and Stockholders’ Equity
 

 
 

 
 

 
 

 
 

Accounts payable
$
1,084

 
$
52,185

 
$
59,397

 
$
—

 
$
112,666

Other current liabilities
1,893

 
69,570

 
28,018

 
—

 
99,481

Total current liabilities
2,977

 
121,755

 
87,415

 
—

 
212,147

Long-term debt
312,881

 
—

 
5,000

 
—

 
317,881

Other long-term liabilities
37,072

 
37,522

 
50,889

 
—

 
125,483

Intercompany accounts
(370,677
)
 
141,897

 
228,780

 
—

 
—

Titan stockholders' equity
442,073

 
311,257

 
(88,949
)
 
(222,308
)
 
442,073

Noncontrolling interests
—

 
—

 
—

 
1,615

 
1,615

Total liabilities and stockholders’ equity
$
424,326

 
$
612,431

 
$
283,135

 
$
(220,693
)
 
$
1,099,199


(Amounts in thousands)
Consolidating Condensed Balance Sheets
December 31, 2011
 
Titan
Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
125,266

 
$
6

 
$
3,898

 
$
—

 
$
129,170

Accounts receivable
—

 
137,226

 
52,301

 
—

 
189,527

Inventories
—

 
162,134

 
28,738

 
—

 
190,872

Prepaid and other current assets
27,251

 
15,490

 
12,283

 
—

 
55,024

Total current assets
152,517

 
314,856

 
97,220

 
—

 
564,593

Property, plant and equipment, net
9,562

 
219,734

 
105,446

 
—

 
334,742

Investment in subsidiaries
184,317

 
—

 
—

 
(184,317
)
 
—

Other assets
44,918

 
1,454

 
64,579

 
—

 
110,951

Total assets
$
391,314

 
$
536,044

 
$
267,245

 
$
(184,317
)
 
$
1,010,286

Liabilities and Stockholders’ Equity
 

 
 

 
 

 
 

 
 

Short-term debt
$
—

 
$
—

 
$
11,723

 
$
—

 
$
11,723

Accounts payable
930

 
33,563

 
42,081

 
—

 
76,574

Other current liabilities
22,687

 
39,457

 
25,325

 
—

 
87,469

Total current liabilities
23,617

 
73,020

 
79,129

 
—

 
175,766

Long-term debt
312,881

 
—

 
5,000

 
—

 
317,881

Other long-term liabilities
29,267

 
38,187

 
52,306

 
—

 
119,760

Intercompany accounts
(369,690
)
 
157,264

 
212,426

 
—

 
—

Titan stockholders' equity
395,239

 
267,573

 
(81,616
)
 
(185,957
)
 
395,239

Noncontrolling interests
—

 
—

 
—

 
1,640

 
1,640

Total liabilities and stockholders’ equity
$
391,314

 
$
536,044

 
$
267,245

 
$
(184,317
)
 
$
1,010,286

Condensed Financial Information, Condensed Statement of Cash Flows [Table Text Block]
(Amounts in thousands)
Consolidating Condensed Statements of Cash Flows
For the Three Months Ended March 31, 2012
 
Titan
 Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Consolidated
Net cash provided by (used for) operating activities
$
(7,535
)
 
$
6,204

 
$
21,979

 
$
20,648

Cash flows from investing activities:
 

 
 

 
 

 
 

Capital expenditures
(1,378
)
 
(6,225
)
 
(552
)
 
(8,155
)
Other, net
—

 
21

 
87

 
108

Net cash used for investing activities
(1,378
)
 
(6,204
)
 
(465
)
 
(8,047
)
Cash flows from financing activities:
 

 
 

 
 

 
 

Payment on debt
—

 
—

 
(12,444
)
 
(12,444
)
Proceeds from exercise of stock options
370

 
—

 
—

 
370

Excess tax benefit from stock options exercised
6

 
—

 
—

 
6

Dividends paid
(211
)
 
—

 
—

 
(211
)
Net cash provided by (used for) financing activities
165

 
—

 
(12,444
)
 
(12,279
)
Effect of exchange rate change on cash
—

 
—

 
(184
)
 
(184
)
Net increase (decrease) in cash and cash equivalents
(8,748
)
 
—

 
8,886

 
138

Cash and cash equivalents, beginning of period
125,266

 
6

 
3,898

 
129,170

Cash and cash equivalents, end of period
$
116,518

 
$
6

 
$
12,784

 
$
129,308



(Amounts in thousands)
Consolidating Condensed Statements of Cash Flows
For the Three Months Ended March 31, 2011
 
Titan
 Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Consolidated
Net cash provided by (used for) operating activities
$
(8,115
)
 
$
2,487

 
$
33

 
$
(5,595
)
Cash flows from investing activities:
 

 
 

 
 

 
 

Capital expenditures
(312
)
 
(3,100
)
 
(57
)
 
(3,469
)
Other, net
—

 
614

 
9

 
623

Net cash used for investing activities
(312
)
 
(2,486
)
 
(48
)
 
(2,846
)
Cash flows from financing activities:
 

 
 

 
 

 
 

Repurchase of senior unsecured notes
(1,064
)
 
—

 
—

 
(1,064
)
Proceeds from exercise of stock options
230

 
—

 
—

 
230

Dividends paid
(177
)
 
—

 
—

 
(177
)
Net cash used for financing activities
(1,011
)
 
—

 
—

 
(1,011
)
Net increase (decrease) in cash and cash equivalents
(9,438
)
 
1

 
(15
)
 
(9,452
)
Cash and cash equivalents, beginning of period
239,362

 
6

 
132

 
239,500

Cash and cash equivalents, end of period
$
229,924

 
$
7

 
$
117

 
$
230,048