ACQUISITIONS (Tables) (Titan Europe [Member])

6 Months Ended

Jun. 30, 2013

Titan Europe [Member]

Business Acquisition [Line Items]

Schedule of Purchase Price Allocation [Table Text Block]

The purchase price allocation of the Titan Europe acquisition consisted of the following (amounts in thousands):

Cash	$	39,122
Accounts receivable	128,585
Inventories	178,407
Deferred income taxes - current asset	22,068
Prepaid & other current assets	21,745
Earthquake insurance receivable	17,024
Property, plant & equipment	217,309
Investment in Wheels India Limited	36,804
Other assets	8,414
Short term debt	(96,822		)
Accounts payable	(142,752		)
Other current liabilities	(56,391		)
Long term debt	(158,183		)
Deferred income taxes - noncurrent liability	(12,636		)
Other noncurrent liabilities	(31,874		)
Net assets acquired	$	170,820

Business Acquisition, Pro Forma Information [Table Text Block]

Pro forma financial information is as follows (in thousands, except per share data):

	Six Months ended June 30, 2012
Net sales	$	1,313,277
Net income	87,344
Net income attributable to Titan	87,100
Basic earnings per share	$	1.80
Diluted earnings per share	1.50