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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 200,188 $ 201,451
Accounts receivable (net of allowance of $5,706 and $5,287, respectively) 177,389 199,378
Inventories 269,791 331,432
Deferred income taxes 0 23,435
Prepaid and other current assets 62,633 80,234
Total current assets 710,001 835,930
Property, plant and equipment, net 450,020 527,414
Goodwill 0 0
Deferred income taxes 5,967 15,623
Other assets 109,203 116,757
Total assets 1,275,191 1,495,724
Current liabilities    
Short-term Debt 31,222 26,233
Accounts payable 123,154 146,305
Other current liabilities 115,721 129,018
Total current liabilities 270,097 301,556
Long-term debt 480,404 496,503
Deferred income taxes 14,509 18,582
Other long-term liabilities 88,324 89,025
Total liabilities 853,334 905,666
Redeemable Noncontrolling Interest, Equity, Carrying Amount 77,174 71,192
Titan stockholders' equity    
Common stock (no par, 120,000,000 shares authorized, 55,253,092 issued) 0 0
Additional paid-in capital 497,008 513,090
Retained earnings 49,297 126,007
Treasury stock (at cost, 1,504,064 and 1,692,220 shares, respectively) (12,420) (13,897)
Treasury stock reserved for deferred compensation (1,075) (1,075)
Accumulated other comprehensive loss (187,751) (112,630)
Total Titan stockholders' equity 345,059 511,495
Noncontrolling interests (376) 7,371
Total equity 344,683 518,866
Total liabilities and equity $ 1,275,191 $ 1,495,724