SUBSIDIARY GUARANTOR FINANCIAL INFORMATION

3 Months Ended

Mar. 31, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

SUBSIDIARY GUARANTOR FINANCIAL INFORMATION

The senior secured notes are guaranteed by the following wholly-owned subsidiaries of the Company: Titan Tire Corporation, Titan Tire Corporation of Bryan, Titan Tire Corporation of Freeport, and Titan Wheel Corporation of Illinois. The note guarantees are full and unconditional, joint and several obligations of the guarantors. The guarantees of the guarantor subsidiaries are subject to release in limited circumstances only upon the occurrence of certain customary conditions. See the indenture incorporated by reference to the Company's most recent Form 10-K for additional information. The following condensed consolidating financial statements are presented using the equity method of accounting. Certain sales and marketing expenses recorded by non-guarantor subsidiaries have not been allocated to the guarantor subsidiaries.

(Amounts in thousands)	Consolidating Condensed Statements of Operations For the Three Months Ended March 31, 2017
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	143,836		$	213,665		$	—		$	357,501
Cost of sales	69			126,712			190,991			—			317,772
Gross profit (loss)	(69		)	17,124			22,674			—			39,729
Selling, general and administrative expenses	4,871			17,271			19,196			—			41,338
Research and development expenses	—			903			1,940			—			2,843
Royalty expense	417			1,294			898			—			2,609
Income (loss) from operations	(5,357		)	(2,344		)	640			—			(7,061		)
Interest expense	(7,445		)	—			(276		)	—			(7,721		)
Intercompany interest income (expense)	581			—			(581		)	—			—
Foreign exchange gain	—			—			4,490			—			4,490
Other income (loss)	1,280			(145		)	2,014			—			3,149
Income (loss) before income taxes	(10,941		)	(2,489		)	6,287			—			(7,143		)
Provision for income taxes	1,676			174			1,592			—			3,442
Equity in earnings of subsidiaries	4,976			—			(4,723		)	(253		)	—
Net loss	(7,641		)	(2,663		)	(28		)	(253		)	(10,585		)
Net income noncontrolling interests	—			—			868			—			868
Net loss attributable to Titan	$	(7,641	)	$	(2,663	)	$	(896	)	$	(253	)	$	(11,453	)

(Amounts in thousands)	Consolidating Condensed Statements of Operations For the Three Months Ended March 31, 2016
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	144,034		$	177,760		$	—		$	321,794
Cost of sales	494			128,737			164,266			—			293,497
Gross profit (loss)	(494		)	15,297			13,494			—			28,297
Selling, general and administrative expenses	2,382			16,685			15,995			—			35,062
Research and development expenses	—			768			1,711			—			2,479
Royalty expense	292			1,196			806			—			2,294
Loss from operations	(3,168		)	(3,352		)	(5,018		)	—			(11,538		)
Interest expense	(8,283		)	—			(229		)	—			(8,512		)
Intercompany interest income (expense)	290			—			(290		)	—			—
Foreign exchange gain (loss)	—			(2		)	4,825						4,823
Other income	362			85			3,458			—			3,905
Income (loss) before income taxes	(10,799		)	(3,269		)	2,746			—			(11,322		)
Provision for income taxes	379			191			434			—			1,004
Equity in earnings of subsidiaries	2,443			—			(2,005		)	(438		)	—
Net income (loss)	(8,735		)	(3,460		)	307			(438		)	(12,326		)
Net income noncontrolling interests	—			—			417			—			417
Net loss attributable to Titan	$	(8,735	)	$	(3,460	)	$	(110	)	$	(438	)	$	(12,743	)

(Amounts in thousands)	Consolidating Condensed Statements of Comprehensive Income (Loss) For the Three Months Ended March 31, 2017
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net loss	$	(7,641	)	$	(2,663	)	$	(28	)	$	(253	)	$	(10,585	)
Currency translation adjustment	11,019			—			11,019			(11,019		)	11,019
Pension liability adjustments, net of tax	733			625			108			(733		)	733
Comprehensive income (loss)	4,111			(2,038		)	11,099			(12,005		)	1,167
Net comprehensive income attributable to redeemable and noncontrolling interests	—			—			2,783			—			2,783
Comprehensive income (loss) attributable to Titan	$	4,111		$	(2,038	)	$	8,316		$	(12,005	)	$	(1,616	)

(Amounts in thousands)	Consolidating Condensed Statements of Comprehensive Income (Loss) For the Three Months Ended March 31, 2016
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Net income (loss)	$	(8,735	)	$	(3,460	)	$	307	$	(438	)	$	(12,326	)
Currency translation adjustment	17,584			—			17,584		(17,584		)	17,584
Pension liability adjustments, net of tax	287			265			22		(287		)	287
Comprehensive income (loss)	9,136			(3,195		)	17,913		(18,309		)	5,545
Net comprehensive income attributable to redeemable and noncontrolling interests	—			—			5,400		—			5,400
Comprehensive income (loss) attributable to Titan	$	9,136		$	(3,195	)	$	12,513	$	(18,309	)	$	145

(Amounts in thousands)	Consolidating Condensed Balance Sheets March 31, 2017
	Titan  Intl., Inc. (Parent)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Cash and cash equivalents	$	72,160	$	9		$	58,989		$	—		$	131,158
Certificates of deposit	50,000		—			—						50,000
Accounts receivable, net	—		64,629			167,615			—			232,244
Inventories	—		81,963			210,438			—			292,401
Prepaid and other current assets	8,886		20,655			48,750			—			78,291
Total current assets	131,046		167,256			485,792			—			784,094
Property, plant and equipment, net	4,629		120,311			314,393			—			439,333
Investment in subsidiaries	751,660		—			82,907			(834,567		)	—
Other assets	23,174		1,013			78,619			—			102,806
Total assets	$	910,509	$	288,580		$	961,711		$	(834,567	)	$	1,326,233
Liabilities and Equity
Short-term debt	$	—	$	—		$	46,244		$	—		$	46,244
Accounts payable	5,809		22,796			157,558			—			186,163
Other current liabilities	39,261		31,851			58,169			—			129,281
Total current liabilities	45,070		54,647			261,971			—			361,688
Long-term debt	396,094		—			13,612			—			409,706
Other long-term liabilities	28,259		17,958			51,370			—			97,587
Intercompany accounts	77,899		(282,576		)	204,677			—			—
Redeemable noncontrolling interest	—		—			106,825			—			106,825
Titan shareholders' equity	363,187		498,551			327,468			(834,567		)	354,639
Noncontrolling interests	—		—			(4,212		)	—			(4,212		)
Total liabilities and equity	$	910,509	$	288,580		$	961,711		$	(834,567	)	$	1,326,233

(Amounts in thousands)	Consolidating Condensed Balance Sheets December 31, 2016
	Titan  Intl., Inc. (Parent)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Cash and cash equivalents	$	86,190	$	9		$	61,628		$	—		$	147,827
Certificates of deposit	50,000		—			—			—			50,000
Accounts receivable, net	—		43,485			135,899			—			179,384
Inventories	—		76,823			195,413			—			272,236
Prepaid and other current assets	11,965		21,901			45,868			—			79,734
Total current assets	148,155		142,218			438,808			—			729,181
Property, plant and equipment, net	4,898		124,049			308,254			—			437,201
Investment in subsidiaries	742,679		—			87,385			(830,064		)	—
Other assets	23,627		1,118			74,769			—			99,514
Total assets	$	919,359	$	267,385		$	909,216		$	(830,064	)	$	1,265,896
Liabilities and Equity
Short-term debt	$	60,148	$	—		$	37,264		$	—		$	97,412
Accounts payable	4,187		14,398			129,670			—			148,255
Other current liabilities	34,140		34,475			51,822			—			120,437
Total current liabilities	98,475		48,873			218,756			—			366,104
Long-term debt	395,852		—			12,908			—			408,760
Other long-term liabilities	27,636		18,473			47,235			—			93,344
Intercompany accounts	94,977		(300,823		)	205,846			—			—
Redeemable noncontrolling interest	—		—			104,809			—			104,809
Titan shareholders' equity	302,419		500,862			323,600			(830,064		)	296,817
Noncontrolling interests	—		—			(3,938		)	—			(3,938		)
Total liabilities and equity	$	919,359	$	267,385		$	909,216		$	(830,064	)	$	1,265,896

(Amounts in thousands)	Consolidating Condensed Statements of Cash Flows For the Three Months Ended March, 2017
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by (used for) operating activities	$	(10,008	)	$	1,541		$	(6,072	)	$	(14,539	)
Cash flows from investing activities:
Capital expenditures	(358		)	(1,588		)	(6,443		)	(8,389		)
Other, net	—			47			527			574
Net cash used for investing activities	(358		)	(1,541		)	(5,916		)	(7,815		)
Cash flows from financing activities:
Proceeds from borrowings	—			—			14,635			14,635
Payment on debt	(3,393		)	—			(6,823		)	(10,216		)
Dividends paid	(271		)	—			—			(271		)
Net cash provided by (used for) financing activities	(3,664		)	—			7,812			4,148
Effect of exchange rate change on cash	—			—			1,537			1,537
Net decrease in cash and cash equivalents	(14,030		)	—			(2,639		)	(16,669		)
Cash and cash equivalents, beginning of period	86,190			9			61,628			147,827
Cash and cash equivalents, end of period	$	72,160		$	9		$	58,989		$	131,158

(Amounts in thousands)	Consolidating Condensed Statements of Cash Flows For the Three Months Ended March 31, 2016
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by (used for) operating activities	$	(11,182	)	$	1,969		$	11,546		$	2,333
Cash flows from investing activities:
Capital expenditures	365			(1,969		)	(5,545		)	(7,149		)
Other, net	—			—			771			771
Net cash provided by (used for) investing activities	365			(1,969		)	(4,774		)	(6,378		)
Cash flows from financing activities:
Proceeds from borrowings	—			—			110			110
Payment on debt	—			—			(7,288		)	(7,288		)
Dividends paid	(270		)	—			—			(270		)
Net cash used for financing activities	(270		)	—			(7,178		)	(7,448		)
Effect of exchange rate change on cash	—			—			2,402			2,402
Net increase (decrease) in cash and cash equivalents	(11,087		)	—			1,996			(9,091		)
Cash and cash equivalents, beginning of period	142,401			4			57,783			200,188
Cash and cash equivalents, end of period	$	131,314		$	4		$	59,779		$	191,097