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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 117,431 $ 66,799
  Accounts receivable (net of allowance of $3,782 and $3,714, respectively) 193,014 185,238
Inventories 293,679 333,356
Disposal Group, Including Discontinued Operation, Other Assets, Current 0 7,203
Prepaid and other current assets 54,475 58,869
Total current assets 658,599 651,465
Property, plant and equipment, net 319,854 367,595
Operating Lease, Right-of-Use Asset 24,356 23,914
Deferred income taxes 2,591 2,331
Other long-term assets 26,484 69,002
Total assets 1,031,884 1,114,307
Current liabilities    
Short-term debt 31,119 61,253
Accounts payable 167,210 158,647
Other current liabilities 131,382 107,253
Total current liabilities 329,711 327,153
Long-term debt 433,584 438,469
Deferred income taxes 3,895 6,672
Other long-term liabilities 63,429 78,025
Total liabilities 830,619 850,319
Redeemable noncontrolling interest 25,000 25,000
Titan stockholders' equity    
Common stock ($0.0001 par, 120,000,000 shares authorized, 61,466,593 issued at December 2020 and 60,710,983 at December 2019) 0 0
Additional paid-in capital 532,742 532,070
Retained deficit (135,025) (74,334)
Treasury stock (at cost, 89,612 shares at December 2020 and 427,771 shares at December 2019) (1,199) (4,234)
Accumulated other comprehensive loss (217,254) (218,651)
Total Titan stockholders’ equity 179,264 234,851
Noncontrolling interests (2,999) 4,137
Total equity 176,265 238,988
Total liabilities and equity $ 1,031,884 $ 1,114,307