Condensed Financial Information of Parent Company Only Disclosure [Text Block] | SUBSIDIARY GUARANTOR FINANCIAL INFORMATION The Company's 6.875% senior secured notes due 2020 and 5.625% convertible senior subordinated notes due 2017 are guaranteed by the following 100% 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 full and unconditional, joint and several obligations of the guarantors. The guarantees of the guarantor subsidiaries are subject to release in limited circumstances only upon the occurrence of certain customary conditions. The following condensed consolidating financial statements are presented using the equity method of accounting. Certain sales & marketing expenses recorded by non-guarantor subsidiaries have not been allocated to the guarantor subsidiaries. (Amounts in thousands) Consolidating Condensed Statements of Operations Year Ended December 31, 2015 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 640,785 $ 753,986 $ — $ 1,394,771 Cost of sales 2,826 558,363 695,773 — 1,256,962 Gross profit (loss) (2,826 ) 82,422 58,213 — 137,809 Selling, general and administrative expenses 7,513 69,686 63,194 — 140,393 Research and development expenses — 3,505 7,657 — 11,162 Royalty expense — 6,711 3,822 — 10,533 Income (loss) from operations (10,339 ) 2,520 (16,460 ) — (24,279 ) Interest expense (32,291 ) — (1,741 ) — (34,032 ) Intercompany interest income (expense) 825 2,361 (3,186 ) — — Other income (expense) 6,623 2,110 (2,428 ) — 6,305 Income (loss) before income taxes (35,182 ) 6,991 (23,815 ) — (52,006 ) Provision for income taxes 34,341 2,007 1,933 — 38,281 Equity in earnings of subsidiaries (20,764 ) — (5,755 ) 26,519 — Net income (loss) (90,287 ) 4,984 (31,503 ) 26,519 (90,287 ) Net loss noncontrolling interests — — (14,654 ) — (14,654 ) Net income (loss) attributable to Titan $ (90,287 ) $ 4,984 $ (16,849 ) $ 26,519 $ (75,633 ) (Amounts in thousands) Consolidating Condensed Statements of Operations Year Ended December 31, 2014 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 879,982 $ 1,015,545 $ — $ 1,895,527 Cost of sales 927 800,310 953,647 — 1,754,884 Gross profit (loss) (927 ) 79,672 61,898 — 140,643 Selling, general and administrative expenses 12,887 71,548 89,179 — 173,614 Research and development expenses 72 5,309 8,624 — 14,005 Royalty expense — 7,620 6,458 — 14,078 Noncash goodwill impairment charge — — 36,571 — 36,571 Loss from operations (13,886 ) (4,805 ) (78,934 ) — (97,625 ) Interest expense (32,783 ) — (3,781 ) — (36,564 ) Intercompany interest income (expense) 6,416 2,346 (8,762 ) — — Other income (expense) 4,258 14 (22,327 ) — (18,055 ) Loss before income taxes (35,995 ) (2,445 ) (113,804 ) — (152,244 ) Benefit for income taxes (12,765 ) (374 ) (8,680 ) — (21,819 ) Equity in earnings of subsidiaries (107,195 ) — (26,213 ) 133,408 — Net income (loss) (130,425 ) (2,071 ) (131,337 ) 133,408 (130,425 ) Net loss noncontrolling interests — — (49,964 ) — (49,964 ) Net income (loss) attributable to Titan $ (130,425 ) $ (2,071 ) $ (81,373 ) $ 133,408 $ (80,461 ) (Amounts in thousands) Consolidating Condensed Statements of Operations Year Ended December 31, 2013 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 1,139,366 $ 1,024,229 $ — $ 2,163,595 Cost of sales 1,157 936,022 931,226 — 1,868,405 Gross profit (loss) (1,157 ) 203,344 93,003 — 295,190 Selling, general and administrative expenses 9,608 73,196 84,567 — 167,371 Research and development expenses (35 ) 5,563 5,637 — 11,165 Royalty expense — 7,327 6,932 — 14,259 Income (loss) from operations (10,730 ) 117,258 (4,133 ) — 102,395 Interest expense (38,761 ) — (8,359 ) — (47,120 ) Convertible debt conversion charge (7,273 ) — — — (7,273 ) Loss on note repurchase (22,734 ) — — — (22,734 ) Gain on earthquake insurance — — 22,451 — 22,451 Intercompany interest income (expense) 7,488 2,024 (9,512 ) — — Other income (expense) 4,189 (78 ) 2,904 — 7,015 Income (loss) before income taxes (67,821 ) 119,204 3,351 — 54,734 Provision (benefit) for income taxes (26,770 ) 42,528 9,289 — 25,047 Equity in earnings of subsidiaries 70,738 — 43,605 (114,343 ) — Net income (loss) 29,687 76,676 37,667 (114,343 ) 29,687 Net loss noncontrolling interests — — (5,518 ) — (5,518 ) Net income (loss) attributable to Titan $ 29,687 $ 76,676 $ 43,185 $ (114,343 ) $ 35,205 (Amounts in thousands) Consolidating Condensed Statements of Comprehensive Income (Loss) For the Year Ended December 31, 2015 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income (loss) $ (90,287 ) $ 4,984 $ (31,503 ) $ 26,519 $ (90,287 ) Currency translation adjustment, net (79,196 ) — (79,196 ) 79,196 (79,196 ) Pension liability adjustments, net of tax (662 ) (1,557 ) 895 662 (662 ) Comprehensive income (loss) (170,145 ) 3,427 (109,804 ) 106,377 (170,145 ) Net comprehensive loss attributable to noncontrolling interests — — (19,391 ) — (19,391 ) Comprehensive income (loss) attributable to Titan $ (170,145 ) $ 3,427 $ (90,413 ) $ 106,377 $ (150,754 ) (Amounts in thousands) Consolidating Condensed Statements of Comprehensive Income (Loss) For the Year Ended December 31, 2014 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income (loss) $ (130,425 ) $ (2,071 ) $ (131,337 ) $ 133,408 $ (130,425 ) Currency translation adjustment, net (63,424 ) — (63,424 ) 63,424 (63,424 ) Pension liability adjustments, net of tax (5,129 ) (4,557 ) (572 ) 5,129 (5,129 ) Comprehensive income (loss) (198,978 ) (6,628 ) (195,333 ) 201,961 (198,978 ) Net comprehensive loss attributable to noncontrolling interests — — (68,856 ) — (68,856 ) Comprehensive income (loss) attributable to Titan $ (198,978 ) $ (6,628 ) $ (126,477 ) $ 201,961 $ (130,122 ) (Amounts in thousands) Consolidating Condensed Statements of Comprehensive Income (Loss) For the Year Ended December 31, 2013 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income (loss) $ 29,687 $ 76,676 $ 37,667 $ (114,343 ) $ 29,687 Unrealized gain (loss) on investments, net of tax (3 ) — (3 ) 3 (3 ) Currency translation adjustment, net (24,287 ) — (24,287 ) 24,287 (24,287 ) Pension liability adjustments, net of tax 14,749 11,472 3,277 (14,749 ) 14,749 Comprehensive income (loss) 20,146 88,148 16,654 (104,802 ) 20,146 Net comprehensive loss attributable to noncontrolling interests — — (9,734 ) — (9,734 ) Comprehensive income (loss) attributable to Titan $ 20,146 $ 88,148 $ 26,388 $ (104,802 ) $ 29,880 (Amounts in thousands) Consolidating Condensed Balance Sheets December 31, 2015 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Assets Cash and cash equivalents $ 142,401 $ 4 $ 57,783 $ — $ 200,188 Accounts receivable — 59,933 117,456 — 177,389 Inventories — 81,993 187,798 — 269,791 Prepaid and other current assets 11,101 21,133 30,399 — 62,633 Total current assets 153,502 163,063 393,436 — 710,001 Property, plant and equipment, net 8,015 138,351 303,654 — 450,020 Investment in subsidiaries 724,676 — 98,660 (823,336 ) — Other assets 34,141 1,181 79,848 — 115,170 Total assets $ 920,334 $ 302,595 $ 875,598 $ (823,336 ) $ 1,275,191 Liabilities and Stockholders’ Equity Short-term debt $ — $ — $ 31,222 $ — $ 31,222 Accounts payable 2,215 12,386 108,553 123,154 Other current liabilities 30,466 41,818 43,437 — 115,721 Total current liabilities 32,681 54,204 183,212 — 270,097 Long-term debt 460,161 — 20,243 — 480,404 Other long-term liabilities 29,881 20,628 52,324 — 102,833 Intercompany accounts 52,552 (271,930 ) 219,378 — — Redeemable noncontrolling interest — — 77,174 — 77,174 Titan stockholders' equity 345,059 499,693 323,643 (823,336 ) 345,059 Noncontrolling interests — — (376 ) — (376 ) Total liabilities and stockholders’ equity $ 920,334 $ 302,595 $ 875,598 $ (823,336 ) $ 1,275,191 (Amounts in thousands) Consolidating Condensed Balance Sheets December 31, 2014 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Assets Cash and cash equivalents $ 129,985 $ 4 $ 71,462 $ — $ 201,451 Accounts receivable (55 ) 63,645 135,788 — 199,378 Inventories — 103,230 228,202 — 331,432 Prepaid and other current assets 26,803 21,105 55,761 — 103,669 Total current assets 156,733 187,984 491,213 — 835,930 Property, plant and equipment, net 7,590 160,318 359,506 — 527,414 Investment in subsidiaries 745,084 — 109,768 (854,852 ) — Other assets 51,381 827 80,172 — 132,380 Total assets $ 960,788 $ 349,129 $ 1,040,659 $ (854,852 ) $ 1,495,724 Liabilities and Stockholders’ Equity Short-term debt $ — $ — $ 26,233 $ — $ 26,233 Accounts payable 1,795 10,876 133,634 — 146,305 Other current liabilities 28,519 45,291 55,208 — 129,018 Total current liabilities 30,314 56,167 215,075 — 301,556 Long-term debt 460,161 — 36,342 — 496,503 Other long-term liabilities 15,244 20,867 71,496 — 107,607 Intercompany accounts (56,426 ) (228,307 ) 284,733 — — Redeemable noncontrolling interest — — 71,192 — 71,192 Titan stockholders’ equity 511,495 500,402 354,450 (854,852 ) 511,495 Noncontrolling interests — — 7,371 — 7,371 Total liabilities and stockholders’ equity $ 960,788 $ 349,129 $ 1,040,659 $ (854,852 ) $ 1,495,724 (Amounts in thousands) Consolidating Condensed Statements of Cash Flows Year Ended December 31, 2015 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidated Net cash provided by operating activities $ 15,933 $ 6,441 $ 41,556 $ 63,930 Cash flows from investing activities: Capital expenditures (2,585 ) (6,254 ) (39,590 ) (48,429 ) Other, net — (187 ) (1,321 ) (1,508 ) Net cash used for investing activities (2,585 ) (6,441 ) (40,911 ) (49,937 ) Cash flows from financing activities: Proceeds from borrowings — — 5,727 5,727 Payment on debt — — (5,521 ) (5,521 ) Proceeds from exercise of stock options 145 — — 145 Dividends paid (1,077 ) — — (1,077 ) Net cash used for financing activities (932 ) — 206 (726 ) Effect of exchange rate change on cash — — (14,530 ) (14,530 ) Net increase (decrease) in cash and cash equivalents 12,416 — (13,679 ) (1,263 ) Cash and cash equivalents, beginning of period 129,985 4 71,462 201,451 Cash and cash equivalents, end of period $ 142,401 $ 4 $ 57,783 $ 200,188 (Amounts in thousands) Consolidating Condensed Statements of Cash Flows Year Ended December 31, 2014 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidated Net cash provided by operating activities $ 51,113 $ 8,584 $ 58,123 $ 117,820 Cash flows from investing activities: Capital expenditures (914 ) (8,584 ) (48,941 ) (58,439 ) Acquisitions, net of cash acquired (49 ) — (13,346 ) (13,395 ) Increase in restricted cash deposits — — 14,268 14,268 Other, net — — 1,296 1,296 Net cash used for investing activities (963 ) (8,584 ) (46,723 ) (56,270 ) Cash flows from financing activities: Proceeds from borrowings — — 15,708 15,708 Payment on debt — — (60,345 ) (60,345 ) Proceeds from exercise of stock options 141 — — 141 Excess tax benefit from stock options (672 ) — — (672 ) Payment of financing fees (33 ) — — (33 ) Dividends paid (1,073 ) — — (1,073 ) Net cash used for financing activities (1,637 ) — (44,637 ) (46,274 ) Effect of exchange rate change on cash — — (3,185 ) (3,185 ) Net increase (decrease) in cash and cash equivalents 48,513 — (36,422 ) 12,091 Cash and cash equivalents, beginning of period 81,472 4 107,884 189,360 Cash and cash equivalents, end of period $ 129,985 $ 4 $ 71,462 $ 201,451 (Amounts in thousands) Consolidating Condensed Statements of Cash Flows Year Ended December 31, 2013 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidated Net cash provided by (used for) operating activities $ (175,810 ) $ 29,087 $ 263,597 $ 116,874 Cash flows from investing activities: Capital expenditures (6,290 ) (29,087 ) (44,754 ) (80,131 ) Acquisitions, net of cash acquired — — (95,681 ) (95,681 ) Additional equity investment in Wheels India — — (8,017 ) (8,017 ) Increase in restricted cash deposits — — (14,473 ) (14,473 ) Insurance proceeds — — 2,879 2,879 Other, net — — 2,119 2,119 Net cash used for investing activities (6,290 ) (29,087 ) (157,927 ) (193,304 ) Cash flows from financing activities: Proceeds from borrowings 745,313 — 43,391 788,704 Repurchase of senior notes (558,360 ) — — (558,360 ) Payment on debt — — (200,721 ) (200,721 ) Convertible note conversion (14,090 ) — — (14,090 ) Capital contribution from noncontrolling interest — — 79,592 79,592 Proceeds from exercse of stock options 1,001 — — 1,001 Excess tax benefit from stock options (68 ) — — (68 ) Payment of financing fees (12,332 ) — — (12,332 ) Dividends paid (1,046 ) — — (1,046 ) Net cash provided by (used for) financing activities 160,418 — (77,738 ) 82,680 Effect of exchange rate change on cash — — (6,004 ) (6,004 ) Net increase (decrease) in cash and cash equivalents (21,682 ) — 21,928 246 Cash and cash equivalents, beginning of period 103,154 4 85,956 189,114 Cash and cash equivalents, end of period $ 81,472 $ 4 $ 107,884 $ 189,360 |