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SUBSIDIARY GUARANTOR FINANCIAL INFORMATION
 3 Months Ended
Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Condensed Financial Information of Parent Company Only Disclosure [Text Block] SUBSIDIARY GUARANTOR FINANCIAL INFORMATION
Our senior secured notes due 2028 are guaranteed by the following wholly-owned subsidiaries of the Company: Titan Tire Corporation, Titan Tire Corporation of Bryan, Titan Tire Corporation of Freeport, and Titan Wheel Corporation of Illinois. The note guarantees are the full and unconditional, joint and several obligations of the guarantors. The guarantees of the guarantor subsidiaries are subject to release in limited circumstances upon the occurrence of certain customary conditions. The following condensed consolidating financial statements are presented using the equity method of accounting. Certain sales and marketing expenses recorded by non-guarantor subsidiaries have not been allocated to the guarantor subsidiaries.
(Amounts in thousands)Condensed Consolidating Statements of Operations
For the Three Months Ended March 31, 2022
 Titan
 Intl., Inc. (Parent)		Guarantor SubsidiariesNon-Guarantor SubsidiariesEliminationsConsolidated
Net sales$— $85,799 $555,997 $(85,799)$555,997 
Cost of sales— 46,816 508,251 (85,799)469,268 
Gross profit— 38,983 47,746 — 86,729 
Selling, general and administrative expenses2,321 12,472 21,434 — 36,227 
Research and development expenses270 840 1,810 — 2,920 
Royalty expense230 1,305 1,339 — 2,874 
(Loss) income from operations(2,821)24,366 23,163 — 44,708 
Interest expense(7,586)(5)(316)— (7,907)
Intercompany interest income (expense)363 633 (996)— — 
Foreign exchange gain— 655 4,662 — 5,317 
Other income (expense)— 507 (9,366)— (8,859)
(Loss) income before income taxes(10,044)26,156 17,147 — 33,259 
Provision for income taxes1,242 134 7,305 — 8,681 
Equity in earnings (loss) of subsidiaries35,979 — 17,851 (53,830)— 
Net income (loss)24,693 26,022 27,693 (53,830)24,578 
Net income attributable to noncontrolling interests— — 656 — 656 
Net income (loss) attributable to Titan$24,693 $26,022 $27,037 $(53,830)$23,922 





 
(Amounts in thousands)Condensed Consolidating Statements of Comprehensive Income (Loss)
For the Three Months Ended March 31, 2022
 Titan
 Intl., Inc. (Parent)		Guarantor SubsidiariesNon-Guarantor SubsidiariesEliminationsConsolidated
Net income (loss)$24,693 $26,022 $27,693 $(53,830)$24,578 
Derivative gain — — 303 — 303 
Currency translation adjustment— — 17,275 — 17,275 
Pension liability adjustments, net of tax— — 544 — 544 
Comprehensive income (loss)24,693 26,022 45,815 (53,830)42,700 
Net comprehensive loss attributable to noncontrolling interests— — (526)— (526)
Comprehensive income (loss) attributable to Titan$24,693 $26,022 $46,341 $(53,830)$43,226 

 
(Amounts in thousands)Condensed Consolidating Balance Sheets
March 31, 2022
 Titan
 Intl., Inc. (Parent)		Guarantor SubsidiariesNon-Guarantor SubsidiariesEliminationsConsolidated
Assets     
Cash and cash equivalents$10,829 $(4)$87,319 $— $98,144 
Accounts receivable, net150 7 309,254 — 309,411 
Inventories— 75,593 348,607 — 424,200 
Prepaid and other current assets1,254 15,605 62,856 — 79,715 
Total current assets12,233 91,201 808,036 — 911,470 
Property, plant and equipment, net1,610 79,032 217,643 — 298,285 
Investment in subsidiaries765,364 — 84,463 (849,827)— 
Other assets1,260 13,953 44,333 — 59,546 
Total assets$780,467 $184,186 $1,154,475 $(849,827)$1,269,301 
Liabilities and Equity     
Short-term debt$— $— $37,853 $— $37,853 
Accounts payable2,079 63,683 236,620 — 302,382 
Other current liabilities40,794 24,632 86,234 — 151,660 
Total current liabilities42,873 88,315 360,707 — 491,895 
Long-term debt457,743 — 26,857 — 484,600 
Other long-term liabilities212 5,561 41,313 — 47,086 
Intercompany accounts(9,705)(496,495)506,200 — — 
Redeemable noncontrolling interest— — — — — 
Titan shareholders' equity289,344 586,805 222,052 (849,827)248,374 
Noncontrolling interests— — (2,654)— (2,654)
Total liabilities and equity$780,467 $184,186 $1,154,475 $(849,827)$1,269,301 
(Amounts in thousands)Condensed Consolidating Statements of Cash Flows
For the Three Months Ended March 31, 2022
 Titan
 Intl., Inc. (Parent)		Guarantor SubsidiariesNon-Guarantor SubsidiariesConsolidated
Net cash (used for) provided by operating activities$(4,430)$2,052 $(16,139)$(18,517)
Cash flows from investing activities:    
Capital expenditures— (2,063)(5,574)(7,637)
Proceeds from the sale of the Australian wheel business— — 9,293 9,293 
Proceeds from sale of fixed assets— — 756 756 
Net cash (used for) provided by investing activities— (2,063)4,475 2,412 
Cash flows from financing activities:    
Proceeds from borrowings62,219 — 14,563 76,782 
Payment on debt(29,000)— (10,483)(39,483)
Repurchase of common stock(25,000)— — (25,000)
Other financing activities— (10)(576)(586)
Net cash provided by (used for) financing activities8,219 (10)3,504 11,713 
Effect of exchange rate change on cash— — 4,428 4,428 
Net increase (decrease) in cash and cash equivalents3,789 (21)(3,732)36 
Cash and cash equivalents, beginning of period7,040 17 91,051 98,108 
Cash and cash equivalents, end of period$10,829 $(4)$87,319 $98,144