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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Net sales $ 1,265,497 $ 1,394,771 $ 1,895,527
Cost of sales 1,123,015 1,256,962 1,714,952
Mining asset impairment and inventory writedown 0 0 39,932
Gross profit 142,482 137,809 140,643
Selling, general & administrative expenses 144,988 140,393 173,614
Research and development expenses 9,971 11,162 14,005
Royalty expense 8,856 10,533 14,078
Noncash goodwill impairment charge 0 0 36,571
Income (loss) from operations (21,333) (24,279) (97,625)
Interest expense (32,539) (34,032) (36,564)
Foreign Currency Transaction Gain (Loss), before Tax 8,550 (4,758) (31,713)
Other income (expense) 12,466 11,063 13,658
Income (loss) before income taxes (32,856) (52,006) (152,244)
Provision (benefit) for income taxes 3,281 38,281 (21,819)
Net income (loss) (36,137) (90,287) (130,425)
Net loss attributable to noncontrolling interests 2,150 14,654 49,964
Net income (loss) attributable to Titan (33,987) (75,633) (80,461)
Noncontrolling Interest, Change in Redemption Value (9,556) (17,668) (49,277)
Net Income (Loss) Available to Common Stockholders, Basic $ (43,543) $ (93,301) $ (129,738)
Earnings (loss) per common share:      
Basic (in dollars per share) $ (0.81) $ (1.74) $ (2.43)
Diluted (in dollars per share) $ (0.81) $ (1.74) $ (2.43)
Average common shares outstanding:      
Basic (in shares) 53,916 53,696 53,497
Diluted (in shares) 53,916 53,696 53,497
Dividends declared per common share: $ 0.02 $ 0.02 $ 0.02