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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Net sales $ 1,394,771 $ 1,895,527 $ 2,163,595
Cost of sales 1,256,962 1,714,952 1,868,405
Mining asset impairment and inventory writedown 0 39,932 0
Gross profit 137,809 140,643 295,190
Selling, general & administrative expenses 140,393 173,614 167,371
Research and development expenses 11,162 14,005 11,165
Royalty expense 10,533 14,078 14,259
Noncash goodwill impairment charge 0 36,571 0
Income (loss) from operations (24,279) (97,625) 102,395
Interest expense (34,032) (36,564) (47,120)
Convertible debt conversion charge 0 0 (7,273)
Loss on senior note repurchase 0 0 (22,734)
Gain on earthquake insurance recovery 0 0 22,451
Foreign Currency Transaction Gain (Loss), before Tax (4,758) (31,713) (4,920)
Other income (expense) 11,063 13,658 11,935
Income (loss) before income taxes (52,006) (152,244) 54,734
Provision (benefit) for income taxes 38,281 (21,819) 25,047
Net income (loss) (90,287) (130,425) 29,687
Net loss attributable to noncontrolling interests 14,654 49,964 5,518
Net income (loss) attributable to Titan (75,633) (80,461) 35,205
Noncontrolling Interest, Change in Redemption Value (17,668) (49,277) 0
Net Income (Loss) Available to Common Stockholders, Basic $ (93,301) $ (129,738) $ 35,205
Earnings (loss) per common share:      
Basic (in dollars per share) $ (1.74) $ (2.43) $ 0.66
Diluted (in dollars per share) $ (1.74) $ (2.43) $ 0.64
Average common shares outstanding:      
Basic (in shares) 53,696 53,497 53,039
Diluted (in shares) 53,696 53,497 59,522
Dividends declared per common share: $ 0.02 $ 0.02 $ 0.02