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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue from Contract with Customer, Excluding Assessed Tax $ 403,518 $ 341,500
Cost of sales 350,253 311,677
Asset Impairment Cost 0 2,579
Gross profit 53,265 27,244
Selling, general and administrative expenses 34,028 31,957
Research and development expenses 2,553 2,410
Royalty expense 2,453 2,480
Income (loss) from operations 14,231 (9,603)
Interest expense (7,523) (7,920)
Foreign exchange gain (loss) 9,477 (17,242)
Other income (368) 7,321
Income (loss) before income taxes 15,817 (27,444)
Provision for income taxes 2,594 55
Net income (loss) 13,223 (27,499)
Net loss attributable to noncontrolling interests (351) (2,013)
Net income (loss) attributable to Titan and applicable to common shareholders 13,574 (25,486)
Redemption value adjustment 0 0
Net income (loss) applicable to common shareholders $ 13,574 $ (25,486)
Earnings per common share:    
Basic $ 0.22 $ (0.42)
Diluted $ 0.22 $ (0.42)
Average common shares and equivalents outstanding:    
Basic 61,466 60,360
Diluted 62,414 60,360
Dividends declared per common share: $ 0 $ 0.005
Other Nonoperating Income $ 1,230