SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Tables)

9 Months Ended

Sep. 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 September 30, 2019
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	141,133		$	345,992		$	(141,220	)	$	345,905
Cost of sales	107			134,169			325,749			(141,220		)	318,805
Gross (loss) profit	(107		)	6,964			20,243			—			27,100
Selling, general and administrative expenses	1,513			12,094			21,347			—			34,954
Research and development expenses	276			678			1,355			—			2,309
Royalty expense	679			860			914			—			2,453
Loss from operations	(2,575		)	(6,668		)	(3,373		)	—			(12,616		)
Interest expense	(7,350		)	(5		)	(1,002		)	—			(8,357		)
Intercompany interest income (expense)	884			841			(1,725		)	—			—
Foreign exchange loss	(47		)	(152		)	(2,067		)	—			(2,266		)
Other income (expense)	427			(518		)	5,350			—			5,259
Loss before income taxes	(8,661		)	(6,502		)	(2,817		)	—			(17,980		)
Provision for income taxes	635			126			1,303			—			2,064
Equity in earnings of subsidiaries	(10,748		)	—			(1,851		)	12,599			—
Net (loss) income	(20,044		)	(6,628		)	(5,971		)	12,599			(20,044		)
Net loss attributable to noncontrolling interests	—			—			(900		)	—			(900		)
Net (loss) income attributable to Titan	$	(20,044	)	$	(6,628	)	$	(5,071	)	$	12,599		$	(19,144	)

(Amounts in thousands)	Condensed Consolidating Statements of Operations For the Three Months Ended September 30, 2018
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	142,040		$	384,510		$	(141,831	)	$	384,719
Cost of sales	150			128,270			354,426			(141,831		)	341,015
Gross (loss) profit	(150		)	13,770			30,084			—			43,704
Selling, general and administrative expenses	317			14,017			19,375			—			33,709
Research and development expenses	332			936			1,323			—			2,591
Royalty expense	594			943			1,044			—			2,581
(Loss) income from operations	(1,393		)	(2,126		)	8,342			—			4,823
Interest expense	(6,817		)	—			(779		)	—			(7,596		)
Intercompany interest income (expense)	634			839			(1,473		)	—			—
Foreign exchange (loss) gain	—			(57		)	912			—			855
Other income (loss)	5,421			(116		)	2,132			—			7,437
(Loss) income before income taxes	(2,155		)	(1,460		)	9,134			—			5,519
Provision for income taxes	423			614			1,804			—			2,841
Equity in earnings of subsidiaries	5,256			—			(1,984		)	(3,272		)	—
Net income (loss)	2,678			(2,074		)	5,346			(3,272		)	2,678
Net income attributable to noncontrolling interests	—			—			383			—			383
Net income (loss) attributable to Titan	$	2,678		$	(2,074	)	$	4,963		$	(3,272	)	$	2,295

(Amounts in thousands)	Condensed Consolidating Statements of Operations For the Nine Months Ended September 30, 2019
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	475,652		$	1,147,568		$	(476,344	)	$	1,146,876
Cost of sales	248			438,535			1,073,765			(476,344		)	1,036,204
Gross (loss) profit	(248		)	37,117			73,803			—			110,672
Selling, general and administrative expenses	4,694			35,299			66,612			—			106,605
Research and development expenses	768			2,263			4,439			—			7,470
Royalty expense	1,743			3,005			2,759			—			7,507
Loss from operations	(7,453		)	(3,450		)	(7		)	—			(10,910		)
Interest expense	(21,520		)	(5		)	(3,060		)	—			(24,585		)
Intercompany interest income (expense)	2,158			2,731			(4,889		)	—			—
Foreign exchange (loss) gain	(69		)	(156		)	2,443			—			2,218
Other income (expense)	1,371			(1,596		)	8,549			—			8,324
(Loss) income before income taxes	(25,513		)	(2,476		)	3,036			—			(24,953		)
(Benefit) provision for income taxes	(6,390		)	410			6,741			—			761
Equity in earnings of subsidiaries	(6,591		)	—			(1,320		)	7,911			—
Net (loss) income	(25,714		)	(2,886		)	(5,025		)	7,911			(25,714		)
Net loss attributable to noncontrolling interests	—			—			(2,124		)	—			(2,124		)
Net (loss) income attributable to Titan	$	(25,714	)	$	(2,886	)	$	(2,901	)	$	7,911		$	(23,590	)

(Amounts in thousands)	Condensed Consolidating Statements of Operations For the Nine Months Ended September 30, 2018
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	479,557		$	901,279		$	(141,831	)	$	1,239,005
Cost of sales	396			410,008			808,855			(141,831		)	1,077,428
Gross (loss) profit	(396		)	69,549			92,424			—			161,577
Selling, general and administrative expenses	3,191			46,276			52,841			—			102,308
Research and development expenses	825			2,905			4,492			—			8,222
Royalty expense	1,475			3,396			3,007			—			7,878
(Loss) income from operations	(5,887		)	16,972			32,084			—			43,169
Interest expense	(20,456		)	—			(2,330		)	—			(22,786		)
Intercompany interest income (expense)	1,886			2,761			(4,647		)	—			—
Foreign exchange loss	—			(727		)	(6,460		)	—			(7,187		)
Other income (expense)	12,051			(428		)	6,041			—			17,664
(Loss) income before income taxes	(12,406		)	18,578			24,688			—			30,860
(Benefit) provision for income taxes	(12,033		)	7,918			7,853			—			3,738
Equity in earnings of subsidiaries	27,495			—			(1,459		)	(26,036		)	—
Net income (loss)	27,122			10,660			15,376			(26,036		)	27,122
Net loss attributable to noncontrolling interests	—			—			(1,256		)	—			(1,256		)
Net income (loss) attributable to Titan	$	27,122		$	10,660		$	16,632		$	(26,036	)	$	28,378

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, 2019
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net (loss) income	$	(20,044	)	$	(6,628	)	$	(5,971	)	$	12,599		$	(20,044	)
Currency translation adjustment	(20,324		)	—			(20,324		)	20,324			(20,324		)
Pension liability adjustments, net of tax	590			753			(163		)	(590		)	590
Comprehensive (loss) income	(39,778		)	(5,875		)	(26,458		)	32,333			(39,778		)
Net comprehensive loss attributable to redeemable and noncontrolling interests	—			—			(1,213		)	—			(1,213		)
Comprehensive (loss) income attributable to Titan	$	(39,778	)	$	(5,875	)	$	(25,245	)	$	32,333		$	(38,565	)

(Amounts in thousands)	Condensed Consolidating Statements of Comprehensive Income (Loss) For the Three Months Ended September 30, 2018
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	2,678		$	(2,074	)	$	5,346		$	(3,272	)	$	2,678
Currency translation adjustment	(13,577		)	—			(13,577		)	13,577			(13,577		)
Pension liability adjustments, net of tax	733			646			87			(733		)	733
Comprehensive (loss) income	(10,166		)	(1,428		)	(8,144		)	9,572			(10,166		)
Net comprehensive loss attributable to redeemable and noncontrolling interests	—			—			(811		)	—			(811		)
Comprehensive (loss) income attributable to Titan	$	(10,166	)	$	(1,428	)	$	(7,333	)	$	9,572		$	(9,355	)

(Amounts in thousands)	Condensed Consolidating Statements of Comprehensive Income (Loss) For the Nine Months Ended September 30, 2019
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net (loss) income	$	(25,714	)	$	(2,886	)	$	(5,025	)	$	7,911		$	(25,714	)
Currency translation adjustment	(19,280		)	—			(19,280		)	19,280			(19,280		)
Pension liability adjustments, net of tax	1,594			2,256			(662		)	(1,594		)	1,594
Comprehensive (loss) income	(43,400		)	(630		)	(24,967		)	25,597			(43,400		)
Net comprehensive loss attributable to redeemable and noncontrolling interests	—			—			(897		)	—			(897		)
Comprehensive (loss) income attributable to Titan	$	(43,400	)	$	(630	)	$	(24,070	)	$	25,597		$	(42,503	)

(Amounts in thousands)	Condensed Consolidating Statements of Comprehensive Income (Loss) For the Nine Months Ended September 30, 2018
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	27,122		$	10,660	$	15,376		$	(26,036	)	$	27,122
Currency translation adjustment	(43,853		)	—		(43,853		)	43,853			(43,853		)
Pension liability adjustments, net of tax	2,306			1,938		368			(2,306		)	2,306
Comprehensive (loss) income	(14,425		)	12,598		(28,109		)	15,511			(14,425		)
Net comprehensive loss attributable to redeemable and noncontrolling interests	—			—		(4,036		)	—			(4,036		)
Comprehensive (loss) income attributable to Titan	$	(14,425	)	$	12,598	$	(24,073	)	$	15,511		$	(10,389	)

Condensed Balance Sheet [Table Text Block]

(Amounts in thousands)	Condensed Consolidating Balance Sheets September 30, 2019
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	12,669		$	7		$	65,927	$	—		$	78,603
Accounts receivable, net	(596		)	71			221,753		—			221,228
Inventories	—			49,910			301,961		—			351,871
Prepaid and other current assets	3,117			17,441			60,134		—			80,692
Total current assets	15,190			67,429			649,775		—			732,394
Property, plant and equipment, net	11,086			93,010			262,025		—			366,121
Investment in subsidiaries	760,072			—			64,300		(824,372		)	—
Other assets	2,722			4,677			83,688		—			91,087
Total assets	$	789,070		$	165,116		$	1,059,788	$	(824,372	)	$	1,189,602
Liabilities and Equity
Short-term debt	$	505		$	68		$	63,655	$	—		$	64,228
Accounts payable	4,783			29,429			148,125		—			182,337
Other current liabilities	23,467			21,269			74,647		—			119,383
Total current liabilities	28,755			50,766			286,427		—			365,948
Long-term debt	456,156			219			8,452		—			464,827
Other long-term liabilities	5,204			19,082			61,365		—			85,651
Intercompany accounts	13,756			(411,185		)	397,429		—			—
Redeemable noncontrolling interest	—			—			25,000		—			25,000
Titan shareholders' equity	285,199			506,234			277,170		(824,372		)	244,231
Noncontrolling interests	—			—			3,945		—			3,945
Total liabilities and equity	$	789,070		$	165,116		$	1,059,788	$	(824,372	)	$	1,189,602

(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 Nine Months Ended September 30, 2019
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by operating activities	$	2,683		$	5,742		$	22,787		$	31,212
Cash flows from investing activities:
Capital expenditures	(21		)	(6,207		)	(20,026		)	(26,254		)
Payments related to redeemable noncontrolling interest	(71,722		)	—			—			(71,722		)
Other, net	—			181			1,173			1,354
Net cash used for investing activities	(71,743		)	(6,026		)	(18,853		)	(96,622		)
Cash flows from financing activities:
Proceeds from borrowings	73,000			287			50,866			124,153
Payment on debt	(14,000		)	—			(45,296		)	(59,296		)
Dividends paid	(901		)	—			—			(901		)
Net cash provided by financing activities	58,099			287			5,570			63,956
Effect of exchange rate change on cash	—			—			(1,628		)	(1,628		)
Net (decrease) increase in cash and cash equivalents	(10,961		)	3			7,876			(3,082		)
Cash and cash equivalents, beginning of period	23,630			4			58,051			81,685
Cash and cash equivalents, end of period	$	12,669		$	7		$	65,927		$	78,603

(Amounts in thousands)	Condensed Consolidating Statements of Cash Flows For the Nine Months Ended September 30, 2018
	Titan  Intl., Inc. (Parent)			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash (used for) provided by operating activities	$	(22,905	)	$	3,827		$	(13,628	)	$	(32,706	)
Cash flows from investing activities:
Capital expenditures	(259		)	(3,836		)	(22,403		)	(26,498		)
Other, net	740			1			743			1,484
Net cash provided by (used for) investing activities	481			(3,835		)	(21,660		)	(25,014		)
Cash flows from financing activities:
Proceeds from borrowings	—			—			48,108			48,108
Payment on debt	—			—			(30,139		)	(30,139		)
Dividends paid	(900		)	—			—			(900		)
Net cash (used for) provided by financing activities	(900		)	—			17,969			17,069
Effect of exchange rate change on cash	—			—			(6,120		)	(6,120		)
Net decrease in cash and cash equivalents	(23,324		)	(8		)	(23,439		)	(46,771		)
Cash and cash equivalents, beginning of period	59,740			13			83,817			143,570
Cash and cash equivalents, end of period	$	36,416		$	5		$	60,378		$	96,799