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LEASE COMMITMENTS (Notes)
 3 Months Ended
Mar. 31, 2022
Leases [Abstract]  
Lessee, Operating Leases [Text Block] LEASES
The Company leases certain buildings and equipment under both operating and finance leases.  Certain lease agreements provide for renewal options, fair value purchase options, and payment of property taxes, maintenance, and insurance by the Company. Under FASB Accounting Standards Codification Topic 842 "Leases," the Company made an accounting policy election, by class of underlying asset, not to separate non-lease components such as those previously stated from lease components and instead will treat the lease agreement as a single lease component for all asset classes. Operating right-of-use (ROU) assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent Titan's obligations to make lease payments arising from the lease. The majority of Titan's leases are operating leases. Operating lease ROU assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. As most of Titan's leases do not provide an implicit interest rate, the Company used its incremental borrowing rate (7.27%), based on the information available at the lease commencement date, in determining the present value of lease payments. Operating lease expense is recognized on a straight-line basis over the lease term and is included in cost of sales and selling, general and administrative expenses on the Condensed Consolidated Statements of Operations. Amortization expense associated with finance leases is included in cost of sales and selling, general and administrative expenses, and interest expense associated with finance leases is included in interest expense in the Condensed Consolidated Statements of Operations.
Supplemental balance sheet information related to leases was as follows (amounts in thousands):
Balance Sheet ClassificationMarch 31, 2022December 31, 2021
Operating lease ROU assetsOperating lease assets$12,526 $20,945 
                                
Operating lease current liabilitiesOther current liabilities$4,968 $6,180 
Operating lease long-term liabilitiesOther long-term liabilities4,866 11,352 
    Total operating lease liabilities$9,834 $17,532 
Finance lease, grossProperty, plant & equipment, net$5,724 $5,305 
Finance lease accumulated depreciationProperty, plant & equipment, net(2,773)(2,801)
   Finance lease, net$2,951 $2,504 
Finance lease current liabilitiesOther current liabilities$2,476 $2,384 
Finance lease long-term liabilitiesOther long-term liabilities3,655 3,878 
   Total finance lease liabilities$6,131 $6,262 
At March 31, 2022, maturities of lease liabilities were as follows (amounts in thousands):
Operating LeasesFinance Leases
April 1 - December 31, 2022$4,247 $2,166 
20234,375 2,179 
20241,472 892 
2025369 737 
2026152 559 
Thereafter345 6 
Total lease payments$10,960 $6,539 
Less imputed interest1,126 408 
$9,834 $6,131 
Weighted average remaining lease term (in years)3.602.95
Supplemental cash flow information related to leases for the three months ended March 31, 2022 were as follows: operating cash flows from operating leases were $2.2 million and operating cash flows from finance leases were $0.1 million.
Lessee, Finance Leases [Text Block] LEASES
The Company leases certain buildings and equipment under both operating and finance leases.  Certain lease agreements provide for renewal options, fair value purchase options, and payment of property taxes, maintenance, and insurance by the Company. Under FASB Accounting Standards Codification Topic 842 "Leases," the Company made an accounting policy election, by class of underlying asset, not to separate non-lease components such as those previously stated from lease components and instead will treat the lease agreement as a single lease component for all asset classes. Operating right-of-use (ROU) assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent Titan's obligations to make lease payments arising from the lease. The majority of Titan's leases are operating leases. Operating lease ROU assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. As most of Titan's leases do not provide an implicit interest rate, the Company used its incremental borrowing rate (7.27%), based on the information available at the lease commencement date, in determining the present value of lease payments. Operating lease expense is recognized on a straight-line basis over the lease term and is included in cost of sales and selling, general and administrative expenses on the Condensed Consolidated Statements of Operations. Amortization expense associated with finance leases is included in cost of sales and selling, general and administrative expenses, and interest expense associated with finance leases is included in interest expense in the Condensed Consolidated Statements of Operations.
Supplemental balance sheet information related to leases was as follows (amounts in thousands):
Balance Sheet ClassificationMarch 31, 2022December 31, 2021
Operating lease ROU assetsOperating lease assets$12,526 $20,945 
                                
Operating lease current liabilitiesOther current liabilities$4,968 $6,180 
Operating lease long-term liabilitiesOther long-term liabilities4,866 11,352 
    Total operating lease liabilities$9,834 $17,532 
Finance lease, grossProperty, plant & equipment, net$5,724 $5,305 
Finance lease accumulated depreciationProperty, plant & equipment, net(2,773)(2,801)
   Finance lease, net$2,951 $2,504 
Finance lease current liabilitiesOther current liabilities$2,476 $2,384 
Finance lease long-term liabilitiesOther long-term liabilities3,655 3,878 
   Total finance lease liabilities$6,131 $6,262 
At March 31, 2022, maturities of lease liabilities were as follows (amounts in thousands):
Operating LeasesFinance Leases
April 1 - December 31, 2022$4,247 $2,166 
20234,375 2,179 
20241,472 892 
2025369 737 
2026152 559 
Thereafter345 6 
Total lease payments$10,960 $6,539 
Less imputed interest1,126 408 
$9,834 $6,131 
Weighted average remaining lease term (in years)3.602.95
Supplemental cash flow information related to leases for the three months ended March 31, 2022 were as follows: operating cash flows from operating leases were $2.2 million and operating cash flows from finance leases were $0.1 million.