SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Tables)

3 Months Ended

Mar. 31, 2021

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 March 31, 2021
	Titan  Intl., Inc. (Parent)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net sales	$	—	$	168,765	$	403,631	$	(168,878)	$	403,518
Cost of sales	(1,215)		146,482		373,864		(168,878)		350,253
Asset impairment	—		—		—		—		—
Gross profit	1,215		22,283		29,767		—		53,265
Selling, general and administrative expenses	3,013		12,648		18,367		—		34,028
Research and development expenses	229		784		1,540		—		2,553
Royalty expense	360		1,050		1,043		—		2,453
(Loss) income from operations	(2,387)		7,801		8,817		—		14,231
Interest expense	(6,964)		(4)		(555)		—		(7,523)
Intercompany interest income (expense)	446		510		(956)		—		—
Foreign exchange loss (gain)	—		(158)		9,635		—		9,477
Other (expense) income	(598)		(107)		337		—		(368)
(Loss) income before income taxes	(9,503)		8,042		17,278		—		15,817
Provision for income taxes	158		76		2,360		—		2,594
Equity in earnings (loss) of subsidiaries	22,884		—		(532)		(22,352)		—
Net income (loss)	13,223		7,966		14,386		(22,352)		13,223
Net loss attributable to noncontrolling interests	—		—		(351)		—		(351)
Net income (loss) attributable to Titan	$	13,223	$	7,966	$	14,737	$	(22,352)	$	13,574

(Amounts in thousands)

Condensed Statement of Comprehensive Income [Table Text Block]

(Amounts in thousands)	Condensed Consolidating Statements of Comprehensive (Loss) Income For the Three Months Ended March 31, 2021
	Titan  Intl., Inc. (Parent)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Net income (loss)	$	13,223	$	7,966	$	14,386	$	(22,352)	$	13,223
Derivative gain (loss)	40		—		40		(40)		40
Currency translation adjustment	(27,178)		—		(27,178)		27,178		(27,178)
Pension liability adjustments, net of tax	873		667		206		(873)		873
Comprehensive (loss) income	(13,042)		8,633		(12,546)		3,913		(13,042)
Net comprehensive loss attributable to redeemable and noncontrolling interests	—		—		(864)		—		(864)
Comprehensive (loss) income attributable to Titan	$	(13,042)	$	8,633	$	(11,682)	$	3,913	$	(12,178)

Condensed Balance Sheet [Table Text Block]

(Amounts in thousands)	Condensed Consolidating Balance Sheets March 31, 2021
	Titan  Intl., Inc. (Parent)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Consolidated
Assets
Cash and cash equivalents	$	9,810	$	(20)	$	86,164	$	—	$	95,954
Accounts receivable, net	382		3		249,519		—		249,904
Inventories	—		41,959		271,513		—		313,472
Prepaid and other current assets	1,257		17,413		37,565		—		56,235
Total current assets	11,449		59,355		644,761		—		715,565
Property, plant and equipment, net	2,032		82,275		223,313		—		307,620
Investment in subsidiaries	591,048		—		49,098		(640,146)		—
Other assets	1,877		5,018		41,368		—		48,263
Total assets	$	606,406	$	146,648	$	958,540	$	(640,146)	$	1,071,448
Liabilities and Equity
Short-term debt	$	—	$	—	$	31,076	$	—	$	31,076
Accounts payable	3,702		37,147		180,764		—		221,613
Other current liabilities	25,217		25,451		78,889		—		129,557
Total current liabilities	28,919		62,598		290,729		—		382,246
Long-term debt	406,115		—		34,461		—		440,576
Other long-term liabilities	953		12,342		46,199		—		59,494
Intercompany accounts	(38,544)		(432,240)		470,784		—		—
Redeemable noncontrolling interest	—		—		25,000		—		25,000
Titan shareholders' equity	208,963		503,948		95,230		(640,146)		167,995
Noncontrolling interests	—		—		(3,863)		—		(3,863)
Total liabilities and equity	$	606,406	$	146,648	$	958,540	$	(640,146)	$	1,071,448

Condensed Cash Flow Statement [Table Text Block]

(Amounts in thousands)	Condensed Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2021
	Titan  Intl., Inc. (Parent)		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Consolidated
Net cash (used for) provided by operating activities	$	(10,426)	$	2,524	$	(8,060)	$	(15,962)
Cash flows from investing activities:
Capital expenditures	—		(2,544)		(6,317)		(8,861)
Proceeds from sale of fixed assets	—		3		542		545
Net cash provided used for investing activities	—		(2,541)		(5,775)		(8,316)
Cash flows from financing activities:
Proceeds from borrowings	11,239		—		10,642		21,881
Payment on debt	(2,000)		—		(10,398)		(12,398)
Other financing activities	(1)		(7)		(2,401)		(2,409)
Net cash provided by (used for) financing activities	9,238		(7)		(2,157)		7,074
Effect of exchange rate change on cash	—		—		(4,273)		(4,273)
Net decrease in cash and cash equivalents	(1,188)		(24)		(20,265)		(21,477)
Cash and cash equivalents, beginning of period	10,998		4		106,429		117,431
Cash and cash equivalents, end of period	$	9,810	$	(20)	$	86,164	$	95,954