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SUBSIDIARY GUARANTOR FINANCIAL INFORMATION-5.625% CONVERTIBLE NOTES (Tables) (Convertible Senior Subordinated Notes 5.625 Percent [Member])
6 Months Ended
Jun. 30, 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 June 30, 2012
 
Titan
 Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net sales
$
—

 
$
373,035

 
$
86,198

 
$
—

 
$
459,233

Cost of sales
257

 
297,636

 
79,254

 
—

 
377,147

Gross profit (loss)
(257
)
 
75,399

 
6,944

 
—

 
82,086

Selling, general and administrative expenses
3,396

 
15,062

 
4,952

 
—

 
23,410

Research and development expenses
48

 
1,081

 
60

 
—

 
1,189

Royalty expense
—

 
1,779

 
873

 
—

 
2,652

Supply agreement termination income
—

 
—

 
(26,134
)
 
—

 
(26,134
)
Income (loss) from operations
(3,701
)
 
57,477

 
27,193

 
—

 
80,969

Interest expense
(6,045
)
 
—

 
(172
)
 
—

 
(6,217
)
Other income
283

 
313

 
17

 
—

 
613

Income (loss) before income taxes
(9,463
)
 
57,790

 
27,038

 
—

 
75,365

Provision for income taxes
1,884

 
18,872

 
10,284

 
—

 
31,040

Equity in earnings of subsidiaries
55,672

 
—

 
18,822

 
(74,494
)
 
—

Net income (loss)
44,325

 
38,918

 
35,576

 
(74,494
)
 
44,325

Net income noncontrolling interests
—

 
—

 
—

 
269

 
269

Net income (loss) attributable to Titan
$
44,325

 
$
38,918

 
$
35,576

 
$
(74,763
)
 
$
44,056


(Amounts in thousands)
Consolidating Condensed Statements of Operations
For the Three Months Ended June 30, 2011
 
Titan
 Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net sales
$
—

 
$
310,392

 
$
94,055

 
$
—

 
$
404,447

Cost of sales
541

 
254,116

 
85,456

 
—

 
340,113

Gross profit (loss)
(541
)
 
56,276

 
8,599

 
—

 
64,334

Selling, general and administrative expenses
4,551

 
2,462

 
9,560

 
—

 
16,573

Research and development expenses
4

 
1,010

 
—

 
—

 
1,014

Royalty expense
—

 
1,767

 
583

 
—

 
2,350

Income (loss) from operations
(5,096
)
 
51,037

 
(1,544
)
 
—

 
44,397

Interest expense
(6,032
)
 
—

 
(117
)
 
—

 
(6,149
)
Other income (expense)
1,879

 
(39
)
 
430

 
—

 
2,270

Income (loss) before income taxes
(9,249
)
 
50,998

 
(1,231
)
 
—

 
40,518

Provision (benefit) for income taxes
(3,397
)
 
18,808

 
(449
)
 
—

 
14,962

Equity in earnings of subsidiaries
31,408

 
—

 
—

 
(31,408
)
 
—

Net income (loss)
25,556

 
32,190

 
(782
)
 
(31,408
)
 
25,556

Net loss noncontrolling interests
—

 
—

 
—

 
(8
)
 
(8
)
Net income (loss) attributable to Titan
$
25,556

 
$
32,190

 
$
(782
)
 
$
(31,400
)
 
$
25,564


(Amounts in thousands)
Consolidating Condensed Statements of Operations
For the Six Months Ended June 30, 2012
 
Titan
 Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net sales
$
—

 
$
744,164

 
$
178,157

 
$
—

 
$
922,321

Cost of sales
559

 
582,660

 
163,653

 
—

 
746,872

Gross profit (loss)
(559
)
 
161,504

 
14,504

 
—

 
175,449

Selling, general and administrative expenses
13,983

 
30,737

 
9,525

 
—

 
54,245

Research and development expenses
172

 
2,379

 
146

 
—

 
2,697

Royalty expense
—

 
3,472

 
1,529

 
—

 
5,001

Supply agreement termination income
—

 
—

 
(26,134
)
 
—

 
(26,134
)
Income (loss) from operations
(14,714
)
 
124,916

 
29,438

 
—

 
139,640

Interest expense
(12,107
)
 
—

 
(405
)
 
—

 
(12,512
)
Other income
2,457

 
810

 
457

 
—

 
3,724

Income (loss) before income taxes
(24,364
)
 
125,726

 
29,490

 
—

 
130,852

Provision (benefit) for income taxes
(5,068
)
 
43,913

 
12,288

 
—

 
51,133

Equity in earnings of subsidiaries
99,015

 
—

 
18,822

 
(117,837
)
 
—

Net income (loss)
79,719

 
81,813

 
36,024

 
(117,837
)
 
79,719

Net income noncontrolling interests
—

 
—

 
—

 
244

 
244

Net income (loss) attributable to Titan
$
79,719

 
$
81,813

 
$
36,024

 
$
(118,081
)
 
$
79,475


(Amounts in thousands)
Consolidating Condensed Statements of Operations
For the Six Months Ended June 30, 2011
 
Titan
 Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net sales
$
—

 
$
591,221

 
$
94,055

 
$
—

 
$
685,276

Cost of sales
902

 
477,870

 
85,898

 
—

 
564,670

Gross profit (loss)
(902
)
 
113,351

 
8,157

 
—

 
120,606

Selling, general and administrative expenses
19,956

 
5,187

 
16,723

 
—

 
41,866

Research and development expenses
4

 
2,193

 
—

 
—

 
2,197

Royalty expense
—

 
4,684

 
583

 
—

 
5,267

Income (loss) from operations
(20,862
)
 
101,287

 
(9,149
)
 
—

 
71,276

Interest expense
(12,312
)
 
—

 
(117
)
 
—

 
(12,429
)
Noncash convertible debt conversion charge
(16,135
)
 
—

 
—

 
—

 
(16,135
)
Other income (expense)
2,196

 
(241
)
 
508

 
—

 
2,463

Income (loss) before income taxes
(47,113
)
 
101,046

 
(8,758
)
 
—

 
45,175

Provision (benefit) for income taxes
(11,436
)
 
37,326

 
(3,235
)
 
—

 
22,655

Equity in earnings of subsidiaries
58,197

 
—

 
—

 
(58,197
)
 
—

Net income (loss)
22,520

 
63,720

 
(5,523
)
 
(58,197
)
 
22,520

Net loss noncontrolling interests
—

 
—

 
—

 
(8
)
 
(8
)
Net income (loss) attributable to Titan
$
22,520

 
$
63,720

 
$
(5,523
)
 
$
(58,189
)
 
$
22,528

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 June 30, 2012
 
Titan
 Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net income (loss)
$
44,325

 
$
38,918

 
$
35,576

 
$
(74,494
)
 
$
44,325

Unrealized gain (loss) on investments, net of tax
(5,580
)
 
—

 
(5,580
)
 
5,580

 
(5,580
)
Currency translation adjustment
(8,136
)
 
—

 
(8,136
)
 
8,136

 
(8,136
)
Pension liability adjustments, net of tax
836

 
790

 
46

 
(836
)
 
836

Comprehensive income (loss)
31,445

 
39,708

 
21,906

 
(61,614
)
 
31,445

Net comprehensive income attributable to noncontrolling interests
—

 
—

 
—

 
269

 
269

Comprehensive income (loss) attributable to Titan
$
31,445

 
$
39,708

 
$
21,906

 
$
(61,883
)
 
$
31,176


(Amounts in thousands)
Consolidating Condensed Statements of Comprehensive Income
For the Three Months Ended June 30, 2011
 
Titan
 Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net income (loss)
$
25,556

 
$
32,190

 
$
(782
)
 
$
(31,408
)
 
$
25,556

Unrealized gain (loss) on investments, net of tax
14,645

 
—

 
14,645

 
(14,645
)
 
14,645

Currency translation adjustment
2,932

 
—

 
2,932

 
(2,932
)
 
2,932

Pension liability adjustments, net of tax
592

 
553

 
39

 
(592
)
 
592

Comprehensive income (loss)
43,725

 
32,743

 
16,834

 
(49,577
)
 
43,725

Net comprehensive loss attributable to noncontrolling interests
—

 
—

 
—

 
(8
)
 
(8
)
Comprehensive income (loss) attributable to Titan
$
43,725

 
$
32,743

 
$
16,834

 
$
(49,569
)
 
$
43,733



(Amounts in thousands)
Consolidating Condensed Statements of Comprehensive Income
For the Six Months Ended June 30, 2012
 
Titan
 Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net income (loss)
$
79,719

 
$
81,813

 
$
36,024

 
$
(117,837
)
 
$
79,719

Unrealized gain (loss) on investments, net of tax
337

 
—

 
337

 
(337
)
 
337

Currency translation adjustment
(4,569
)
 
—

 
(4,569
)
 
4,569

 
(4,569
)
Pension liability adjustments, net of tax
1,672

 
1,580

 
92

 
(1,672
)
 
1,672

Comprehensive income (loss)
77,159

 
83,393

 
31,884

 
(115,277
)
 
77,159

Net comprehensive income attributable to noncontrolling interests
—

 
—

 
—

 
244

 
244

Comprehensive income (loss) attributable to Titan
$
77,159

 
$
83,393

 
$
31,884

 
$
(115,521
)
 
$
76,915


(Amounts in thousands)
Consolidating Condensed Statements of Comprehensive Income
For the Six Months Ended June 30, 2011
 
Titan
 Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net income (loss)
$
22,520

 
$
63,720

 
$
(5,523
)
 
$
(58,197
)
 
$
22,520

Unrealized gain (loss) on investments, net of tax
13,652

 
—

 
13,652

 
(13,652
)
 
13,652

Currency translation adjustment
2,932

 
—

 
2,932

 
(2,932
)
 
2,932

Pension liability adjustments, net of tax
1,185

 
1,106

 
79

 
(1,185
)
 
1,185

Comprehensive income (loss)
40,289

 
64,826

 
11,140

 
(75,966
)
 
40,289

Net comprehensive loss attributable to noncontrolling interests
—

 
—

 
—

 
(8
)
 
(8
)
Comprehensive income (loss) attributable to Titan
$
40,289

 
$
64,826

 
$
11,140

 
$
(75,958
)
 
$
40,297

Condensed Financial Information, Condensed Balance Sheet [Table Text Block]
(Amounts in thousands)
Consolidating Condensed Balance Sheets
June 30, 2012
 
Titan
 Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
140,441

 
$
6

 
$
9,003

 
$
—

 
$
149,450

Accounts receivable
—

 
185,758

 
51,660

 
—

 
237,418

Inventories
—

 
169,271

 
45,587

 
—

 
214,858

Prepaid and other current assets
35,691

 
18,288

 
14,431

 
—

 
68,410

Total current assets
176,132

 
373,323

 
120,681

 
—

 
670,136

Property, plant and equipment, net
8,159

 
215,056

 
101,461

 
—

 
324,676

Investment in subsidiaries
271,414

 
—

 
18,822

 
(290,236
)
 
—

Other assets
43,035

 
1,351

 
54,801

 
—

 
99,187

Total assets
$
498,740

 
$
589,730

 
$
295,765

 
$
(290,236
)
 
$
1,093,999

Liabilities and Stockholders’ Equity
 

 
 

 
 

 
 

 
 

Short-term debt
$
—

 
$
—

 
$
7,596

 
$
—

 
$
7,596

Accounts payable
939

 
41,601

 
67,015

 
—

 
109,555

Other current liabilities
(3,870
)
 
61,729

 
12,605

 
—

 
70,464

Total current liabilities
(2,931
)
 
103,330

 
87,216

 
—

 
187,615

Long-term debt
312,881

 
—

 
—

 
—

 
312,881

Other long-term liabilities
42,996

 
36,339

 
37,092

 
—

 
116,427

Intercompany accounts
(329,482
)
 
99,097

 
230,385

 
—

 
—

Titan stockholders' equity
475,276

 
350,964

 
(58,928
)
 
(292,036
)
 
475,276

Noncontrolling interests
—

 
—

 
—

 
1,800

 
1,800

Total liabilities and stockholders’ equity
$
498,740

 
$
589,730

 
$
295,765

 
$
(290,236
)
 
$
1,093,999

(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 Six Months Ended June 30, 2012
 
Titan
 Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Consolidated
Net cash provided by operating activities
$
15,859

 
$
12,406

 
$
20,418

 
$
48,683

Cash flows from investing activities:
 

 
 

 
 

 
 

Capital expenditures
(1,338
)
 
(12,595
)
 
(5,073
)
 
(19,006
)
Other, net
—

 
189

 
264

 
453

Net cash used for investing activities
(1,338
)
 
(12,406
)
 
(4,809
)
 
(18,553
)
Cash flows from financing activities:
 

 
 

 
 

 
 

Payment on debt
—

 
—

 
(14,226
)
 
(14,226
)
Term loan borrowing
—

 
—

 
4,378

 
4,378

Proceeds from exercise of stock options
887

 
—

 
—

 
887

Excess tax benefit from stock options exercised
190

 
—

 
—

 
190

Dividends paid
(423
)
 
—

 
—

 
(423
)
Net cash provided by (used for) financing activities
654

 
—

 
(9,848
)
 
(9,194
)
Effect of exchange rate change on cash
—

 
—

 
(656
)
 
(656
)
Net increase in cash and cash equivalents
15,175

 
—

 
5,105

 
20,280

Cash and cash equivalents, beginning of period
125,266

 
6

 
3,898

 
129,170

Cash and cash equivalents, end of period
$
140,441

 
$
6

 
$
9,003

 
$
149,450



(Amounts in thousands)
Consolidating Condensed Statements of Cash Flows
For the Six Months Ended June 30, 2011
 
Titan
 Intl., Inc. (Parent)
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Consolidated
Net cash provided by (used for) operating activities
$
(27,035
)
 
$
7,157

 
$
(10,754
)
 
$
(30,632
)
Cash flows from investing activities:
 

 
 

 
 

 
 

Capital expenditures
(1,089
)
 
(8,070
)
 
(1,037
)
 
(10,196
)
Acquisitions, net of cash acquired
(99,118
)
 
—

 
—

 
(99,118
)
Other, net
—

 
914

 
481

 
1,395

Net cash used for investing activities
(100,207
)
 
(7,156
)
 
(556
)
 
(107,919
)
Cash flows from financing activities:
 

 
 

 
 

 
 

Repurchase of senior unsecured notes
(1,064
)
 
—

 
—

 
(1,064
)
Term loan borrowing
—

 
—

 
14,148

 
14,148

Proceeds from exercise of stock options
477

 
—

 
—

 
477

Dividends paid
(387
)
 
—

 
—

 
(387
)
Net cash provided by (used for) financing activities
(974
)
 
—

 
14,148

 
13,174

Effect of exchange rate change on cash
—

 
—

 
39

 
39

Net increase (decrease) in cash and cash equivalents
(128,216
)
 
1

 
2,877

 
(125,338
)
Cash and cash equivalents, beginning of period
239,362

 
6

 
132

 
239,500

Cash and cash equivalents, end of period
$
111,146

 
$
7

 
$
3,009

 
$
114,162