SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Tables)

6 Months Ended

Jun. 30, 2019

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 June 30, 2019
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	111,162		$	391,301		$	(111,866	)	$	390,597
Cost of sales	(11		)	99,275			364,891			(111,866		)	352,289
Gross profit	11			11,887			26,410			—			38,308
Selling, general and administrative expenses	2,030			11,596			22,120			—			35,746
Research and development expenses	228			756			1,560			—			2,544
Royalty expense	401			1,073			974			—			2,448
(Loss) income from operations	(2,648		)	(1,538		)	1,756			—			(2,430		)
Interest expense	(7,243		)	—			(1,052		)	—			(8,295		)
Intercompany interest income (expense)	644			880			(1,524		)	—			—
Foreign exchange gain (loss)	16			55			(1,310		)	—			(1,239		)
Other income (expense)	612			(798		)	2,255			—			2,069
(Loss) income before income taxes	(8,619		)	(1,401		)	125			—			(9,895		)
(Benefit) provision for income taxes	(7,676		)	132			4,326			—			(3,218		)
Equity in earnings of subsidiaries	(5,734		)	—			(205		)	5,939			—
Net (loss) income	(6,677		)	(1,533		)	(4,406		)	5,939			(6,677		)
Net loss attributable to noncontrolling interests	—			—			(253		)	—			(253		)
Net (loss) income attributable to Titan	$	(6,677	)	$	(1,533	)	$	(4,153	)	$	5,939		$	(6,424	)

(Amounts in thousands)	Condensed Consolidating Statements of Operations For the Three Months Ended June 30, 2018
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	166,757		$	262,147		$	—		$	428,904
Cost of sales	138			140,208			230,246			—			370,592
Gross (loss) profit	(138		)	26,549			31,901			—			58,312
Selling, general and administrative expenses	1,678			16,985			15,297			—			33,960
Research and development expenses	253			983			1,518			—			2,754
Royalty expense	628			940			1,066			—			2,634
(Loss) income from operations	(2,697		)	7,641			14,020			—			18,964
Interest expense	(6,826		)	—			(846		)	—			(7,672		)
Intercompany interest income (expense)	628			909			(1,537		)	—			—
Foreign exchange loss	—			(662		)	(2,948		)	—			(3,610		)
Other income (loss)	959			(147		)	1,665			—			2,477
(Loss) income before income taxes	(7,936		)	7,741			10,354			—			10,159
(Benefit) provision for income taxes	(2,390		)	3,044			1,029			—			1,683
Equity in earnings of subsidiaries	14,022			—			209			(14,231		)	—
Net income (loss)	8,476			4,697			9,534			(14,231		)	8,476
Net income attributable to noncontrolling interests	—			—			40			—			40
Net income (loss) attributable to Titan	$	8,476		$	4,697		$	9,494		$	(14,231	)	$	8,436

(Amounts in thousands)	Condensed Consolidating Statements of Operations For the Six Months Ended June 30, 2019
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	235,943		$	801,576		$	(236,548	)	$	800,971
Cost of sales	141			205,791			748,015			(236,548		)	717,399
Gross (loss) profit	(141		)	30,152			53,561			—			83,572
Selling, general and administrative expenses	3,181			23,204			45,266			—			71,651
Research and development expenses	492			1,585			3,084			—			5,161
Royalty expense	1,064			2,145			1,845			—			5,054
(Loss) income from operations	(4,878		)	3,218			3,366			—			1,706
Interest expense	(14,170		)	—			(2,058		)	—			(16,228		)
Intercompany interest income (expense)	1,274			1,890			(3,164		)	—			—
Foreign exchange (loss) gain	(22		)	(4		)	4,510			—			4,484
Other income (expense)	943			(1,077		)	3,199			—			3,065
(Loss) income before income taxes	(16,853		)	4,027			5,853			—			(6,973		)
(Benefit) provision for income taxes	(7,026		)	283			5,440			—			(1,303		)
Equity in earnings of subsidiaries	4,157			—			531			(4,688		)	—
Net (loss) income	(5,670		)	3,744			944			(4,688		)	(5,670		)
Net loss attributable to noncontrolling interests	—			—			(1,224		)	—			(1,224		)
Net (loss) income attributable to Titan	$	(5,670	)	$	3,744		$	2,168		$	(4,688	)	$	(4,446	)

(Amounts in thousands)	Condensed Consolidating Statements of Operations For the Six Months Ended June 30, 2018
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	337,517		$	516,769		$	—		$	854,286
Cost of sales	246			281,738			454,429			—			736,413
Gross (loss) profit	(246		)	55,779			62,340			—			117,873
Selling, general and administrative expenses	2,873			32,260			33,466			—			68,599
Research and development expenses	493			1,969			3,169			—			5,631
Royalty expense	881			2,453			1,963			—			5,297
(Loss) income from operations	(4,493		)	19,097			23,742			—			38,346
Interest expense	(13,639		)	—			(1,551		)	—			(15,190		)
Intercompany interest income (expense)	1,251			1,922			(3,173		)	—			—
Foreign exchange loss	—			(670		)	(7,372		)	—			(8,042		)
Other income (expense)	6,628			(313		)	3,912			—			10,227
(Loss) income before income taxes	(10,253		)	20,036			15,558			—			25,341
(Benefit) provision for income taxes	(12,456		)	7,304			6,049			—			897
Equity in earnings of subsidiaries	22,241			—			4,546			(26,787		)	—
Net income (loss)	24,444			12,732			14,055			(26,787		)	24,444
Net loss attributable to noncontrolling interests	—			—			(1,639		)	—			(1,639		)
Net income (loss) attributable to Titan	$	24,444		$	12,732		$	15,694		$	(26,787	)	$	26,083

Condensed Statement of Comprehensive Income [Table Text Block]

(Amounts in thousands)	Condensed Consolidating Statements of Comprehensive Income (Loss) For the Three Months Ended June 30, 2019
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net (loss) income	$	(6,677	)	$	(1,533	)	$	(4,406	)	$	5,939		$	(6,677	)
Currency translation adjustment	5,423			—			5,423			(5,423		)	5,423
Pension liability adjustments, net of tax	538			753			(215		)	(538		)	538
Comprehensive (loss) income	(716		)	(780		)	802			(22		)	(716		)
Net comprehensive income attributable to redeemable and noncontrolling interests	—			—			385			—			385
Comprehensive (loss) income attributable to Titan	$	(716	)	$	(780	)	$	417		$	(22	)	$	(1,101	)

(Amounts in thousands)	Condensed Consolidating Statements of Comprehensive Income (Loss) For the Three Months Ended June 30, 2018
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	8,476		$	4,697	$	9,534		$	(14,231	)	$	8,476
Currency translation adjustment	(38,338		)	—		(38,338		)	38,338			(38,338		)
Pension liability adjustments, net of tax	690			646		44			(690		)	690
Comprehensive (loss) income	(29,172		)	5,343		(28,760		)	23,417			(29,172		)
Net comprehensive loss attributable to redeemable and noncontrolling interests	—			—		(2,185		)	—			(2,185		)
Comprehensive (loss) income attributable to Titan	$	(29,172	)	$	5,343	$	(26,575	)	$	23,417		$	(26,987	)

(Amounts in thousands)	Condensed Consolidating Statements of Comprehensive Income (Loss) For the Six Months Ended June 30, 2019
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net (loss) income	$	(5,670	)	$	3,744	$	944		$	(4,688	)	$	(5,670	)
Currency translation adjustment	1,044			—		1,044			(1,044		)	1,044
Pension liability adjustments, net of tax	1,004			1,506		(502		)	(1,004		)	1,004
Comprehensive (loss) income	(3,622		)	5,250		1,486			(6,736		)	(3,622		)
Net comprehensive income attributable to redeemable and noncontrolling interests	—			—		317			—			317
Comprehensive (loss) income attributable to Titan	$	(3,622	)	$	5,250	$	1,169		$	(6,736	)	$	(3,939	)

(Amounts in thousands)	Condensed Consolidating Statements of Comprehensive Income (Loss) For the Six Months Ended June 30, 2018
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	24,444		$	12,732	$	14,055		$	(26,787	)	$	24,444
Currency translation adjustment	(30,276		)	—		(30,276		)	30,276			(30,276		)
Pension liability adjustments, net of tax	1,573			1,292		281			(1,573		)	1,573
Comprehensive (loss) income	(4,259		)	14,024		(15,940		)	1,916			(4,259		)
Net comprehensive loss attributable to redeemable and noncontrolling interests	—			—		(3,225		)	—			(3,225		)
Comprehensive (loss) income attributable to Titan	$	(4,259	)	$	14,024	$	(12,715	)	$	1,916		$	(1,034	)

Condensed Balance Sheet [Table Text Block]

(Amounts in thousands)	Condensed Consolidating Balance Sheets June 30, 2019
	Titan  Intl., Inc. (Parent)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	6,352	$	3		$	60,011	$	—		$	66,366
Accounts receivable, net	—		73			271,933		—			272,006
Inventories	—		55,796			329,572		—			385,368
Prepaid and other current assets	2,996		17,740			41,737		—			62,473
Total current assets	9,348		73,612			703,253		—			786,213
Property, plant and equipment, net	11,311		94,374			270,312		—			375,997
Investment in subsidiaries	750,874		—			65,574		(816,448		)	—
Other assets	2,721		4,970			99,627		—			107,318
Total assets	$	774,254	$	172,956		$	1,138,766	$	(816,448	)	$	1,269,528
Liabilities and Equity
Short-term debt	$	456	$	—		$	70,910	$	—		$	71,366
Accounts payable	4,532		27,947			176,943		—			209,422
Other current liabilities	16,345		21,026			74,463		—			111,834
Total current liabilities	21,333		48,973			322,316		—			392,622
Long-term debt	437,903		—			7,485		—			445,388
Other long-term liabilities	5,123		19,597			63,190		—			87,910
Intercompany accounts	17,379		(407,724		)	390,345		—			—
Redeemable noncontrolling interest	—		—			55,517		—			55,517
Titan shareholders' equity	292,516		512,110			294,756		(816,448		)	282,934
Noncontrolling interests	—		—			5,157		—			5,157
Total liabilities and equity	$	774,254	$	172,956		$	1,138,766	$	(816,448	)	$	1,269,528

(Amounts in thousands)	Condensed Consolidating Balance Sheets December 31, 2018
	Titan  Intl., Inc. (Parent)		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Cash and cash equivalents	$	23,630	$	4		$	58,051		$	—		$	81,685
Accounts receivable, net	—		—			241,832			—			241,832
Inventories	—		68,858			326,877			—			395,735
Prepaid and other current assets	3,853		18,845			37,531			—			60,229
Total current assets	27,483		87,707			664,291			—			779,481
Property, plant and equipment, net	12,493		98,856			273,523			—			384,872
Investment in subsidiaries	749,645		—			66,308			(815,953		)	—
Other assets	6,268		944			79,691			—			86,903
Total assets	$	795,889	$	187,507		$	1,083,813		$	(815,953	)	$	1,251,256
Liabilities and Equity
Short-term debt	$	419	$	—		$	51,466		$	—		$	51,885
Accounts payable	1,447		29,922			180,760			—			212,129
Other current liabilities	22,065		20,051			68,938			—			111,054
Total current liabilities	23,931		49,973			301,164			—			375,068
Long-term debt	396,700		—			12,872			—			409,572
Other long-term liabilities	9,268		17,521			49,917			—			76,706
Intercompany accounts	77,363		(390,382		)	313,019			—			—
Redeemable noncontrolling interest	—		—			119,813			—			119,813
Titan shareholders' equity	288,627		510,395			295,979			(815,953		)	279,048
Noncontrolling interests	—		—			(8,951		)	—			(8,951		)
Total liabilities and equity	$	795,889	$	187,507		$	1,083,813		$	(815,953	)	$	1,251,256

Condensed Cash Flow Statement [Table Text Block]

(Amounts in thousands)	Condensed Consolidating Statements of Cash Flows For the Six Months Ended June 30, 2019
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash (used for) provided by operating activities	$	(16,658	)	$	4,213		$	2,444		$	(10,001	)
Cash flows from investing activities:
Capital expenditures	(21		)	(4,396		)	(12,308		)	(16,725		)
Payment related to redeemable noncontrolling interest	(41,000		)	—			—			(41,000		)
Other, net	—			182			1,053			1,235
Net cash used for investing activities	(41,021		)	(4,214		)	(11,255		)	(56,490		)
Cash flows from financing activities:
Proceeds from borrowings	50,000			—			42,723			92,723
Payment on debt	(9,000		)	—			(33,083		)	(42,083		)
Dividends paid	(599		)	—			—			(599		)
Net cash provided by financing activities	40,401			—			9,640			50,041
Effect of exchange rate change on cash	—			—			1,131			1,131
Net (decrease) increase in cash and cash equivalents	(17,278		)	(1		)	1,960			(15,319		)
Cash and cash equivalents, beginning of period	23,630			4			58,051			81,685
Cash and cash equivalents, end of period	$	6,352		$	3		$	60,011		$	66,366

(Amounts in thousands)	Condensed Consolidating Statements of Cash Flows For the Six Months Ended June 30, 2018
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash (used for) provided by operating activities	$	(24,585	)	$	3,265		$	(8,607	)	$	(29,927	)
Cash flows from investing activities:
Capital expenditures	(83		)	(3,274		)	(15,059		)	(18,416		)
Other, net	220			1			663			884
Net cash provided by (used for) investing activities	137			(3,273		)	(14,396		)	(17,532		)
Cash flows from financing activities:
Proceeds from borrowings	—			—			40,078			40,078
Payment on debt	—			—			(24,527		)	(24,527		)
Dividends paid	(598		)	—			—			(598		)
Net cash (used for) provided by financing activities	(598		)	—			15,551			14,953
Effect of exchange rate change on cash	—			—			(4,573		)	(4,573		)
Net decrease in cash and cash equivalents	(25,046		)	(8		)	(12,025		)	(37,079		)
Cash and cash equivalents, beginning of period	59,740			13			83,817			143,570
Cash and cash equivalents, end of period	$	34,694		$	5		$	71,792		$	106,491