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SUPPLEMENTARY DATA - QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
12 Months Ended
Dec. 31, 2014
SUPPLEMENTARY DATA – QUARTERLY FINANCIAL INFORMATION (UNAUDITED) [Abstract]  
SUPPLEMENTARY DATA – QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
SUPPLEMENTARY DATA – QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

(All amounts in thousands, except per share data)

 
Quarter ended
 
March 31
 
June 30
 
September 30
 
December 31
 
 
Year ended
December 31
 
2014
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
538,940

 
$
523,731

 
$
449,579

 
$
383,277

 
 
$
1,895,527

 
Gross profit
 
54,550

 
22,560

(a)
45,299

 
18,234

 
 
140,643

 
Titan net income (loss)
 
2,163

 
(20,511
)
(a)
(9,067
)
 
(53,046
)
(b)
 
(80,461
)
 
Per share amounts:
 
 

 
 

 
 

 
 

 
 
 

 
Basic
 
.04

 
(.38
)
(a)
(.17
)
 
(.99
)
(b)
 
(1.50
)
(c)
Diluted
 
.04

 
(.38
)
(a)
(.17
)
 
(.99
)
(b)
 
(1.50
)
(c)
2013
 
 

 
 

 
 

 
 

 
 
 

 
Net sales
 
$
578,387

 
$
593,291

 
$
497,510

 
$
494,407

 
 
$
2,163,595

 
Gross profit
 
96,751

 
86,655

 
62,506

 
49,278

 
 
295,190

 
Titan net income (loss)
 
19,475

(d)
23,217

(e)
8,093

 
(15,580
)
(f)
 
35,205

 
Per share amounts:
 
 

 
 

 
 

 
 

 
 
 

 
Basic
 
.38

(d)
.43

(e)
.15

 
(.29
)
(f)
 
.66

(c)
Diluted
 
.34

(d)
.40

(e)
.15

 
(.29
)
(f)
 
.64

(c)


(a)
Mining asset impairment and inventory writedown of $34.8 million was included in the quarter ended June 30, 2014.
(b)
Noncash goodwill impairment charge of $36.6 million was included in the quarter ended December 31, 2014.
(c)
As a result of changes in outstanding share balances and dilution factors, year-end per share amounts may not agree to the sum of the quarters.
(d)
Convertible debt conversion charge of $7.3 million was included in the quarter ended March 31, 2013.
(e)
Gain on earthquake insurance recovery of $22.5 million was included in the quarter ended June 30, 2013.
(f)
Loss on senior note repurchase of $22.7 million was included in the quarter ended December 31, 2013.