XML 77 R66.htm IDEA: XBRL DOCUMENT v3.21.1
SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Dec. 31, 2019
Condensed Financial Statements, Captions [Line Items]        
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax $ 40 $ 0    
Income Statement [Abstract]        
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 (loss) 53,265 27,244    
Selling, General and Administrative Expense 34,028 31,957    
Research and Development Expense 2,553 2,410    
Royalty expense 2,453 2,480    
Income (loss) from operations 14,231 (9,603)    
Interest expense (7,523) (7,920)    
Intercompany Interest Expense Income 0      
Foreign Currency Transaction Gain (Loss), before Tax 9,477 (17,242)    
Other Nonoperating Income (Expense) (368) 7,321    
Income (loss) before income taxes 15,817 (27,444)    
Provision for income taxes 2,594 55    
Equity in Net Earnings (Loss) of Subsidiaries 0      
Net income (loss) 13,223 (27,499)    
Net loss attributable to noncontrolling interests (351) (2,013)    
Net income (loss) attributable to Titan 13,574 (25,486)    
Comprehensive Income Statement [Abstract]        
Net income (loss) 13,223 (27,499)    
Currency translation adjustment (27,178) (33,786)    
Pension liability adjustments, net of tax 873 1,308    
Comprehensive income (loss) (13,042) (59,977)    
Net comprehensive loss attributable to redeemable and noncontrolling interests (864) (3,796)    
Comprehensive income (loss) attributable to Titan (12,178) (56,181)    
Statement of Financial Position [Abstract]        
Cash and cash equivalents 95,954 60,378 $ 117,431 $ 66,799
Accounts Receivable, after Allowance for Credit Loss, Current 249,904   193,014  
Inventory, Net 313,472   293,679  
Prepaid Expense and Other Assets, Current 56,235   54,475  
Total current assets 715,565   658,599  
Property, Plant and Equipment, Net 307,620   319,854  
Equity Method Investments 0      
Other Assets, Noncurrent 48,263      
Total assets 1,071,448   1,031,884  
Short-term debt 31,076   31,119  
Accounts payable 221,613   167,210  
Other current liabilities 129,557   131,382  
Total current liabilities 382,246   329,711  
Long-term debt 440,576   433,584  
Liabilities, Other than Long-term Debt, Noncurrent 59,494      
Intercompany Accounts, Net 0      
Redeemable noncontrolling interest 25,000   25,000  
Stockholders' Equity Attributable to Parent 167,995   179,264  
Stockholders' Equity Attributable to Noncontrolling Interest (3,863)   (2,999)  
Total liabilities and equity 1,071,448   1,031,884  
Statement of Cash Flows [Abstract]        
Net cash provided by (used for) operating activities (15,962) 3,972    
Capital expenditures (8,861) (6,420)    
Payments for (Proceeds from) Investments 0 6,917    
Payments for (Proceeds from) Other Investing Activities 0 (558)    
Net cash provided by (used for) investing activities (8,316) 5,067    
Proceeds from borrowings 21,881 23,949    
Repayments of Other Debt (12,398) (31,940)    
Payments of Dividends, Common Stock 0 (302)    
Proceeds from (Payments for) Other Financing Activities (2,409)      
Net cash provided by (used for) financing activities 7,074 (8,293)    
Effect of Exchange Rate on Cash and Cash Equivalents (4,273) (7,167)    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (21,477) (6,421)    
Cash and cash equivalents 95,954 60,378 117,431 $ 66,799
Proceeds from Sales of Assets, Investing Activities 545 $ 192    
Parent Company [Member]        
Condensed Financial Statements, Captions [Line Items]        
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax 40      
Income Statement [Abstract]        
Revenue from Contract with Customer, Excluding Assessed Tax 0      
Cost of sales (1,215)      
Asset Impairment Cost 0      
Gross profit (loss) 1,215      
Selling, General and Administrative Expense 3,013      
Research and Development Expense 229      
Royalty expense 360      
Income (loss) from operations (2,387)      
Interest expense (6,964)      
Intercompany Interest Expense Income 446      
Foreign Currency Transaction Gain (Loss), before Tax 0      
Other Nonoperating Income (Expense) (598)      
Income (loss) before income taxes (9,503)      
Provision for income taxes 158      
Equity in Net Earnings (Loss) of Subsidiaries 22,884      
Net income (loss) 13,223      
Net loss attributable to noncontrolling interests 0      
Net income (loss) attributable to Titan 13,223      
Comprehensive Income Statement [Abstract]        
Net income (loss) 13,223      
Currency translation adjustment (27,178)      
Pension liability adjustments, net of tax 873      
Comprehensive income (loss) (13,042)      
Net comprehensive loss attributable to redeemable and noncontrolling interests 0      
Comprehensive income (loss) attributable to Titan (13,042)      
Statement of Financial Position [Abstract]        
Cash and cash equivalents 9,810   10,998  
Accounts Receivable, after Allowance for Credit Loss, Current (382)      
Inventory, Net 0      
Prepaid Expense and Other Assets, Current 1,257      
Total current assets 11,449      
Property, Plant and Equipment, Net 2,032      
Equity Method Investments 591,048      
Other Assets, Noncurrent 1,877      
Total assets 606,406      
Short-term debt 0      
Accounts payable 3,702      
Other current liabilities 25,217      
Total current liabilities 28,919      
Long-term debt 406,115      
Liabilities, Other than Long-term Debt, Noncurrent 953      
Intercompany Accounts, Net (38,544)      
Redeemable noncontrolling interest 0      
Stockholders' Equity Attributable to Parent 208,963      
Stockholders' Equity Attributable to Noncontrolling Interest 0      
Total liabilities and equity 606,406      
Statement of Cash Flows [Abstract]        
Net cash provided by (used for) operating activities (10,426)      
Capital expenditures 0      
Net cash provided by (used for) investing activities 0      
Proceeds from borrowings (11,239)      
Repayments of Other Debt (2,000)      
Proceeds from (Payments for) Other Financing Activities (1)      
Net cash provided by (used for) financing activities 9,238      
Effect of Exchange Rate on Cash and Cash Equivalents 0      
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (1,188)      
Cash and cash equivalents 9,810   10,998  
Proceeds from Sales of Assets, Investing Activities 0      
Guarantor Subsidiaries [Member]        
Condensed Financial Statements, Captions [Line Items]        
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax 0      
Income Statement [Abstract]        
Revenue from Contract with Customer, Excluding Assessed Tax 168,765      
Cost of sales 146,482      
Asset Impairment Cost 0      
Gross profit (loss) 22,283      
Selling, General and Administrative Expense 12,648      
Research and Development Expense 784      
Royalty expense 1,050      
Income (loss) from operations 7,801      
Interest expense (4)      
Intercompany Interest Expense Income 510      
Foreign Currency Transaction Gain (Loss), before Tax (158)      
Other Nonoperating Income (Expense) (107)      
Income (loss) before income taxes 8,042      
Provision for income taxes 76      
Equity in Net Earnings (Loss) of Subsidiaries 0      
Net income (loss) 7,966      
Net loss attributable to noncontrolling interests 0      
Net income (loss) attributable to Titan 7,966      
Comprehensive Income Statement [Abstract]        
Net income (loss) 7,966      
Currency translation adjustment 0      
Pension liability adjustments, net of tax 667      
Comprehensive income (loss) 8,633      
Net comprehensive loss attributable to redeemable and noncontrolling interests 0      
Comprehensive income (loss) attributable to Titan 8,633      
Statement of Financial Position [Abstract]        
Cash and cash equivalents (20)   4  
Accounts Receivable, after Allowance for Credit Loss, Current 3      
Inventory, Net 41,959      
Prepaid Expense and Other Assets, Current 17,413      
Total current assets 59,355      
Property, Plant and Equipment, Net 82,275      
Equity Method Investments 0      
Other Assets, Noncurrent 5,018      
Total assets 146,648      
Short-term debt 0      
Accounts payable 37,147      
Other current liabilities 25,451      
Total current liabilities 62,598      
Long-term debt 0      
Liabilities, Other than Long-term Debt, Noncurrent 12,342      
Intercompany Accounts, Net (432,240)      
Redeemable noncontrolling interest 0      
Stockholders' Equity Attributable to Parent 503,948      
Stockholders' Equity Attributable to Noncontrolling Interest 0      
Total liabilities and equity 146,648      
Statement of Cash Flows [Abstract]        
Net cash provided by (used for) operating activities 2,524      
Capital expenditures (2,544)      
Net cash provided by (used for) investing activities (2,541)      
Proceeds from borrowings 0      
Repayments of Other Debt 0      
Proceeds from (Payments for) Other Financing Activities (7)      
Net cash provided by (used for) financing activities (7)      
Effect of Exchange Rate on Cash and Cash Equivalents 0      
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (24)      
Cash and cash equivalents (20)   4  
Proceeds from Sales of Assets, Investing Activities (3)      
Non-Guarantor Subsidiaries [Member]        
Condensed Financial Statements, Captions [Line Items]        
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax 40      
Income Statement [Abstract]        
Revenue from Contract with Customer, Excluding Assessed Tax 403,631      
Cost of sales 373,864      
Asset Impairment Cost 0      
Gross profit (loss) 29,767      
Selling, General and Administrative Expense 18,367      
Research and Development Expense 1,540      
Royalty expense 1,043      
Income (loss) from operations 8,817      
Interest expense (555)      
Intercompany Interest Expense Income (956)      
Foreign Currency Transaction Gain (Loss), before Tax 9,635      
Other Nonoperating Income (Expense) 337      
Income (loss) before income taxes 17,278      
Provision for income taxes 2,360      
Equity in Net Earnings (Loss) of Subsidiaries (532)      
Net income (loss) 14,386      
Net loss attributable to noncontrolling interests (351)      
Net income (loss) attributable to Titan 14,737      
Comprehensive Income Statement [Abstract]        
Net income (loss) 14,386      
Currency translation adjustment (27,178)      
Pension liability adjustments, net of tax 206      
Comprehensive income (loss) (12,546)      
Net comprehensive loss attributable to redeemable and noncontrolling interests (864)      
Comprehensive income (loss) attributable to Titan (11,682)      
Statement of Financial Position [Abstract]        
Cash and cash equivalents 86,164   106,429  
Accounts Receivable, after Allowance for Credit Loss, Current 249,519      
Inventory, Net 271,513      
Prepaid Expense and Other Assets, Current 37,565      
Total current assets 644,761      
Property, Plant and Equipment, Net 223,313      
Equity Method Investments 49,098      
Other Assets, Noncurrent 41,368      
Total assets 958,540      
Short-term debt 31,076      
Accounts payable 180,764      
Other current liabilities 78,889      
Total current liabilities 290,729      
Long-term debt 34,461      
Liabilities, Other than Long-term Debt, Noncurrent 46,199      
Intercompany Accounts, Net 470,784      
Redeemable noncontrolling interest 25,000      
Stockholders' Equity Attributable to Parent 95,230      
Stockholders' Equity Attributable to Noncontrolling Interest (3,863)      
Total liabilities and equity 958,540      
Statement of Cash Flows [Abstract]        
Net cash provided by (used for) operating activities (8,060)      
Capital expenditures (6,317)      
Net cash provided by (used for) investing activities (5,775)      
Proceeds from borrowings 10,642      
Repayments of Other Debt (10,398)      
Proceeds from (Payments for) Other Financing Activities (2,401)      
Net cash provided by (used for) financing activities (2,157)      
Effect of Exchange Rate on Cash and Cash Equivalents (4,273)      
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (20,265)      
Cash and cash equivalents 86,164   $ 106,429  
Proceeds from Sales of Assets, Investing Activities (542)      
Consolidation, Eliminations [Member]        
Condensed Financial Statements, Captions [Line Items]        
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax (40)      
Income Statement [Abstract]        
Revenue from Contract with Customer, Excluding Assessed Tax (168,878)      
Cost of sales (168,878)      
Asset Impairment Cost 0      
Gross profit (loss) 0      
Selling, General and Administrative Expense 0      
Research and Development Expense 0      
Royalty expense 0      
Income (loss) from operations 0      
Interest expense 0      
Intercompany Interest Expense Income 0      
Foreign Currency Transaction Gain (Loss), before Tax 0      
Other Nonoperating Income (Expense) 0      
Income (loss) before income taxes 0      
Provision for income taxes 0      
Equity in Net Earnings (Loss) of Subsidiaries (22,352)      
Net income (loss) (22,352)      
Net loss attributable to noncontrolling interests 0      
Net income (loss) attributable to Titan (22,352)      
Comprehensive Income Statement [Abstract]        
Net income (loss) (22,352)      
Currency translation adjustment 27,178      
Pension liability adjustments, net of tax (873)      
Comprehensive income (loss) 3,913      
Net comprehensive loss attributable to redeemable and noncontrolling interests 0      
Comprehensive income (loss) attributable to Titan 3,913      
Statement of Financial Position [Abstract]        
Cash and cash equivalents 0      
Accounts Receivable, after Allowance for Credit Loss, Current 0      
Inventory, Net 0      
Prepaid Expense and Other Assets, Current 0      
Total current assets 0      
Property, Plant and Equipment, Net 0      
Equity Method Investments (640,146)      
Other Assets, Noncurrent 0      
Total assets (640,146)      
Short-term debt 0      
Accounts payable 0      
Other current liabilities 0      
Total current liabilities 0      
Long-term debt 0      
Liabilities, Other than Long-term Debt, Noncurrent 0      
Intercompany Accounts, Net 0      
Redeemable noncontrolling interest 0      
Stockholders' Equity Attributable to Parent (640,146)      
Stockholders' Equity Attributable to Noncontrolling Interest 0      
Total liabilities and equity (640,146)      
Statement of Cash Flows [Abstract]        
Cash and cash equivalents $ 0