SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Tables)

9 Months Ended

Sep. 30, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Income Statement [Table Text Block]

(Amounts in thousands)	Condensed Consolidating Statements of Operations For the Three Months Ended September 30, 2017
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net sales	$	—		$	138,557		$	232,431		$	—	$	370,988
Cost of sales	99			122,129			209,095			—		331,323
Gross profit (loss)	(99		)	16,428			23,336			—		39,665
Selling, general and administrative expenses	2,100			12,594			25,059			—		39,753
Research and development expenses	—			972			1,485			—		2,457
Royalty expense	217			1,435			944			—		2,596
Income (loss) from operations	(2,416		)	1,427			(4,152		)	—		(5,141		)
Interest expense	(7,231		)	—			(306		)	—		(7,537		)
Intercompany interest income (expense)	606			983			(1,589		)	—		—
Foreign exchange gain (loss)	(2		)	71			746			—		815
Other income (expense)	968			(33		)	2,106			—		3,041
Income (loss) before income taxes	(8,075		)	2,448			(3,195		)	—		(8,822		)
Provision for income taxes	889			994			513			—		2,396
Equity in earnings of subsidiaries	(2,252		)	—			(2,306		)	4,558		—
Net income (loss)	(11,216		)	1,454			(6,014		)	4,558		(11,218		)
Net income noncontrolling interests	—			—			800			—		800
Net income (loss) attributable to Titan	$	(11,216	)	$	1,454		$	(6,814	)	$	4,558	$	(12,018	)

(Amounts in thousands)	Condensed Consolidating Statements of Operations For the Three Months Ended September 30, 2016
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net sales	$	—		$	114,743		$	191,452		$	—	$	306,195
Cost of sales	87			99,573			171,615			—		271,275
Gross profit (loss)	(87		)	15,170			19,837			—		34,920
Selling, general and administrative expenses	2,556			15,407			18,385			—		36,348
Research and development expenses	—			776			1,821			—		2,597
Royalty expense	125			1,296			864			—		2,285
Loss from operations	(2,768		)	(2,309		)	(1,233		)	—		(6,310		)
Interest expense	(8,288		)	—			(426		)	—		(8,714		)
Intercompany interest income (expense)	470			—			(470		)	—		—
Foreign exchange gain	—			—			398					398
Other income	1,256			62			2,260			—		3,578
Income (loss) before income taxes	(9,330		)	(2,247		)	529			—		(11,048		)
Provision (benefit) for income taxes	(1,935		)	(1,448		)	1,309			—		(2,074		)
Equity in earnings of subsidiaries	(3,523		)	—			(4,037		)	7,560		—
Net income (loss)	(10,918		)	(799		)	(4,817		)	7,560		(8,974		)
Net loss noncontrolling interests	—			—			(966		)	—		(966		)
Net income (loss) attributable to Titan	$	(10,918	)	$	(799	)	$	(3,851	)	$	7,560	$	(8,008	)

(Amounts in thousands)	Condensed Consolidating Statements of Operations For the Nine Months Ended September 30, 2017
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net sales	$	—		$	429,636		$	663,252		$	—	$	1,092,888
Cost of sales	256			378,875			590,801			—		969,932
Gross profit (loss)	(256		)	50,761			72,451			—		122,956
Selling, general and administrative expenses	10,038			43,906			61,609			—		115,553
Research and development expenses	—			2,825			5,083			—		7,908
Royalty expense	883			4,140			2,716			—		7,739
Income (loss) from operations	(11,177		)	(110		)	3,043			—		(8,244		)
Interest expense	(21,909		)	—			(669		)	—		(22,578		)
Intercompany interest income (expense)	1,775			2,930			(4,705		)	—		—
Foreign exchange gain (loss)	(2		)	30			20			—		48
Other income (expense)	3,179			(203		)	5,422			—		8,398
Income (loss) before income taxes	(28,134		)	2,647			3,111			—		(22,376		)
Provision (benefit) for income taxes	(620		)	2,489			4,095			—		5,964
Equity in earnings of subsidiaries	2,120			—			(10,715		)	8,595		—
Net income (loss)	(25,394		)	158			(11,699		)	8,595		(28,340		)
Net income noncontrolling interests	—			—			1,424			—		1,424
Net income (loss) attributable to Titan	$	(25,394	)	$	158		$	(13,123	)	$	8,595	$	(29,764	)

(Amounts in thousands)	Condensed Consolidating Statements of Operations For the Nine Months Ended September 30, 2016
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
Net sales	$	—		$	384,917		$	573,286		$	—	$	958,203
Cost of sales	659			334,044			516,565			—		851,268
Gross profit (loss)	(659		)	50,873			56,721			—		106,935
Selling, general and administrative expenses	7,907			47,879			51,926			—		107,712
Research and development expenses	—			2,221			5,569			—		7,790
Royalty expense	542			3,573			2,573			—		6,688
Loss from operations	(9,108		)	(2,800		)	(3,347		)	—		(15,255		)
Interest expense	(24,382		)	—			(826		)	—		(25,208		)
Intercompany interest income (expense)	1,122			—			(1,122		)	—		—
Foreign exchange gain	—			202			7,201					7,403
Other income	1,864			220			8,448			—		10,532
Income (loss) before income taxes	(30,504		)	(2,378		)	10,354			—		(22,528		)
Provision (benefit) for income taxes	(2,205		)	417			4,366			—		2,578
Equity in earnings of subsidiaries	6,197			—			(6,243		)	46		—
Net income (loss)	(22,102		)	(2,795		)	(255		)	46		(25,106		)
Net loss noncontrolling interests	—			—			(1,099		)	—		(1,099		)
Net income (loss) attributable to Titan	$	(22,102	)	$	(2,795	)	$	844		$	46	$	(24,007	)

Condensed Statement of Comprehensive Income [Table Text Block]

(Amounts in thousands)	Condensed Consolidating Statements of Comprehensive Income (Loss) For the Three Months Ended September 30, 2017
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(11,216	)	$	1,454	$	(6,014	)	$	4,558		$	(11,218	)
Currency translation adjustment	14,015			—		14,015			(14,015		)	14,015
Pension liability adjustments, net of tax	180			625		(445		)	(180		)	180
Comprehensive income (loss)	2,979			2,079		7,556			(9,637		)	2,977
Net comprehensive income attributable to redeemable and noncontrolling interests	—			—		1,436			—			1,436
Comprehensive income (loss) attributable to Titan	$	2,979		$	2,079	$	6,120		$	(9,637	)	$	1,541

(Amounts in thousands)	Condensed Consolidating Statements of Comprehensive Income (Loss) For the Three Months Ended September 30, 2016
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(10,918	)	$	(799	)	$	(4,817	)	$	7,560		$	(8,974	)
Currency translation adjustment	(386		)	—			(386		)	386			(386		)
Pension liability adjustments, net of tax	465			734			(269		)	(465		)	465
Comprehensive income (loss)	(10,839		)	(65		)	(5,472		)	7,481			(8,895		)
Net comprehensive loss attributable to redeemable and noncontrolling interests	—			—			(679		)	—			(679		)
Comprehensive income (loss) attributable to Titan	$	(10,839	)	$	(65	)	$	(4,793	)	$	7,481		$	(8,216	)

(Amounts in thousands)	Condensed Consolidating Statements of Comprehensive Income (Loss) For the Nine Months Ended September 30, 2017
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(25,394	)	$	158	$	(11,699	)	$	8,595		$	(28,340	)
Currency translation adjustment	33,040			—		33,040			(33,040		)	33,040
Pension liability adjustments, net of tax	1,902			1,875		27			(1,902		)	1,902
Comprehensive income (loss)	9,548			2,033		21,368			(26,347		)	6,602
Net comprehensive income attributable to redeemable and noncontrolling interests	—			—		2,657			—			2,657
Comprehensive income (loss) attributable to Titan	$	9,548		$	2,033	$	18,711		$	(26,347	)	$	3,945

(Amounts in thousands)	Condensed Consolidating Statements of Comprehensive Income (Loss) For the Nine Months Ended September 30, 2016
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(22,102	)	$	(2,795	)	$	(255	)	$	46		$	(25,106	)
Currency translation adjustment	21,545			—			(21,545		)	21,545			21,545
Pension liability adjustments, net of tax	1,200			2,202			(1,002		)	(1,200		)	1,200
Comprehensive income (loss)	643			(593		)	(22,802		)	20,391			(2,361		)
Net comprehensive income attributable to redeemable and noncontrolling interests	—			—			5,427			—			5,427
Comprehensive income (loss) attributable to Titan	$	643		$	(593	)	$	(28,229	)	$	20,391		$	(7,788	)

Condensed Balance Sheet [Table Text Block]

(Amounts in thousands)	Condensed Consolidating Balance Sheets September 30, 2017
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Cash and cash equivalents	$	77,903		$	10		$	77,762		$	—		$	155,675
Accounts receivable, net	—			65,141			171,075			—			236,216
Inventories	—			90,857			240,521			—			331,378
Prepaid and other current assets	6,652			21,131			34,849			—			62,632
Total current assets	84,555			177,139			524,207			—			785,901
Property, plant and equipment, net	2,771			112,878			324,429			—			440,078
Investment in subsidiaries	772,243			—			75,145			(847,388		)	—
Other assets	19,155			969			83,807			—			103,931
Total assets	$	878,724		$	290,986		$	1,007,588		$	(847,388	)	$	1,329,910
Liabilities and Equity
Short-term debt	$	—		$	—		$	36,174		$	—		$	36,174
Accounts payable	(973		)	21,547			163,756			—			184,330
Other current liabilities	33,431			31,579			68,621			—			133,631
Total current liabilities	32,458			53,126			268,551			—			354,135
Long-term debt	396,594			—			14,636			—			411,230
Other long-term liabilities	23,524			16,516			62,378			—			102,418
Intercompany accounts	61,666			(278,187		)	216,521			—			—
Redeemable noncontrolling interest	—			—			111,016			—			111,016
Titan shareholders' equity	364,482			499,531			339,306			(847,388		)	355,931
Noncontrolling interests	—			—			(4,820		)	—			(4,820		)
Total liabilities and equity	$	878,724		$	290,986		$	1,007,588		$	(847,388	)	$	1,329,910

(Amounts in thousands)	Condensed Consolidating 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

Condensed Cash Flow Statement [Table Text Block]

(Amounts in thousands)	Condensed Consolidating Statements of Cash Flows For the Nine Months Ended September 30, 2017
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by (used for) operating activities	$	(53,211	)	$	4,107		$	33,892		$	(15,212	)
Cash flows from investing activities:
Capital expenditures	(815		)	(4,472		)	(18,293		)	(23,580		)
Certificates of deposit	50,000			—			—			50,000
Other, net	—			366			927			1,293
Net cash provided by (used for) investing activities	49,185			(4,106		)	(17,366		)	27,713
Cash flows from financing activities:
Proceeds from borrowings	—			—			33,540			33,540
Payment on debt	(3,393		)	—			(37,610		)	(41,003		)
Dividends paid	(868		)	—			—			(868		)
Net cash used for financing activities	(4,261		)	—			(4,070		)	(8,331		)
Effect of exchange rate change on cash	—			—			3,678			3,678
Net increase (decrease) in cash and cash equivalents	(8,287		)	1			16,134			7,848
Cash and cash equivalents, beginning of period	86,190			9			61,628			147,827
Cash and cash equivalents, end of period	$	77,903		$	10		$	77,762		$	155,675

(Amounts in thousands)	Condensed Consolidating Statements of Cash Flows For the Nine Months Ended September 30, 2016
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by operating activities	$	4,154		$	5,553		$	44,277		$	53,984
Cash flows from investing activities:
Capital expenditures	(657		)	(5,616		)	(24,573		)	(30,846		)
Other, net	—			73			1,614			1,687
Net cash used for investing activities	(657		)	(5,543		)	(22,959		)	(29,159		)
Cash flows from financing activities:
Proceeds from borrowings	—			—			2,390			2,390
Payment on debt	—			—			(14,042		)	(14,042		)
Dividends paid	(810		)	—			—			(810		)
Net cash used for financing activities	(810		)	—			(11,652		)	(12,462		)
Effect of exchange rate change on cash	—			—			2,958			2,958
Net increase in cash and cash equivalents	2,687			10			12,624			15,321
Cash and cash equivalents, beginning of period	142,401			4			57,783			200,188
Cash and cash equivalents, end of period	$	145,088		$	14		$	70,407		$	215,509