Condensed Financial Information of Parent Company Only Disclosure [Text Block] | SUBSIDIARY GUARANTOR FINANCIAL INFORMATION The Company's 6.875% senior secured notes due 2020 are, and 5.625% convertible senior subordinated notes due 2017 were, 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, 2016 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 498,390 $ 767,107 $ — $ 1,265,497 Cost of sales 759 429,087 693,169 — 1,123,015 Gross profit (loss) (759 ) 69,303 73,938 — 142,482 Selling, general, and administrative expenses 11,394 66,815 66,779 — 144,988 Research and development expenses — 2,876 7,095 — 9,971 Royalty expense 667 4,866 3,323 — 8,856 Loss from operations (12,820 ) (5,254 ) (3,259 ) — (21,333 ) Interest expense (32,208 ) — (331 ) — (32,539 ) Intercompany interest income (expense) 1,781 3,525 (5,306 ) — — Foreign exchange gain — 298 8,252 — 8,550 Other income 2,503 180 9,783 — 12,466 Income (loss) before income taxes (40,744 ) (1,251 ) 9,139 — (32,856 ) Provision (benefit) for income taxes (64 ) 30 3,315 — 3,281 Equity in earnings of subsidiaries 4,542 — (10,307 ) 5,765 — Net income (loss) (36,138 ) (1,281 ) (4,483 ) 5,765 (36,137 ) Net loss noncontrolling interests — — (2,150 ) — (2,150 ) Net income (loss) attributable to Titan $ (36,138 ) $ (1,281 ) $ (2,333 ) $ 5,765 $ (33,987 ) (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 ) — — Foreign exchange gain (loss) 4,296 (462 ) (8,592 ) — (4,758 ) Other income 2,327 2,572 6,164 — 11,063 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 ) — — Foreign exchange gain (loss) 1,056 13 (32,782 ) — (31,713 ) Other income 3,202 1 10,455 — 13,658 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 Comprehensive Income (Loss) For the Year Ended December 31, 2016 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income (loss) $ (36,138 ) $ (1,281 ) $ (4,483 ) $ 5,765 $ (36,137 ) Currency translation adjustment, net 5,857 — 5,857 (5,857 ) 5,857 Pension liability adjustments, net of tax 1,071 1,680 (609 ) (1,071 ) 1,071 Comprehensive income (loss) (29,210 ) 399 765 (1,163 ) (29,209 ) Net comprehensive income attributable to noncontrolling interests — — 5,305 — 5,305 Comprehensive income (loss) attributable to Titan $ (29,210 ) $ 399 $ (4,540 ) $ (1,163 ) $ (34,514 ) (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 Balance Sheets December 31, 2016 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Assets Cash and cash equivalents $ 86,190 $ 9 $ 61,628 $ — $ 147,827 Certificates of deposit 50,000 — — — 50,000 Accounts receivable — 43,485 135,899 — 179,384 Inventories — 73,878 195,413 — 269,291 Prepaid and other current assets 11,965 21,901 45,868 — 79,734 Total current assets 148,155 139,273 438,808 — 726,236 Property, plant, and equipment, net 4,898 124,049 308,254 — 437,201 Investment in subsidiaries 742,679 — 87,385 (830,064 ) — Other long-term assets 23,627 1,118 74,769 — 99,514 Total assets $ 919,359 $ 264,440 $ 909,216 $ (830,064 ) $ 1,262,951 Liabilities and Stockholders’ Equity Short-term debt $ 60,148 $ — $ 37,264 $ — $ 97,412 Accounts payable 4,187 14,398 129,670 — 148,255 Other current liabilities 34,140 34,475 51,822 — 120,437 Total current liabilities 98,475 48,873 218,756 — 366,104 Long-term debt 395,852 — 12,908 — 408,760 Other long-term liabilities 27,636 18,473 47,235 — 93,344 Intercompany accounts 94,977 (300,823 ) 205,846 — — Redeemable noncontrolling interest — — 104,809 — 104,809 Titan stockholders' equity 302,419 497,917 323,600 (830,064 ) 293,872 Noncontrolling interests — — (3,938 ) — (3,938 ) Total liabilities and stockholders’ equity $ 919,359 $ 264,440 $ 909,216 $ (830,064 ) $ 1,262,951 (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 long-term assets 29,180 1,181 79,848 — 110,209 Total assets $ 915,373 $ 302,595 $ 875,598 $ (823,336 ) $ 1,270,230 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 455,200 — 20,243 — 475,443 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 $ 915,373 $ 302,595 $ 875,598 $ (823,336 ) $ 1,270,230 (Amounts in thousands) Consolidating Condensed Statements of Cash Flows Year Ended December 31, 2016 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidated Net cash provided by (used for) operating activities $ (3,193 ) $ 8,035 $ 38,658 $ 43,500 Cash flows from investing activities: Capital expenditures (1,937 ) (8,444 ) (31,567 ) (41,948 ) Certificates of deposit (50,000 ) — — (50,000 ) Other, net — 414 1,808 2,222 Net cash used for investing activities (51,937 ) (8,030 ) (29,759 ) (89,726 ) Cash flows from financing activities: Proceeds from borrowings — — 17,285 17,285 Payment on debt — — (22,634 ) (22,634 ) Dividends paid (1,081 ) — — (1,081 ) Net cash used for financing activities (1,081 ) — (5,349 ) (6,430 ) Effect of exchange rate change on cash — — 295 295 Net increase (decrease) in cash and cash equivalents (56,211 ) 5 3,845 (52,361 ) Cash and cash equivalents, beginning of period 142,401 4 57,783 200,188 Cash and cash equivalents, end of period $ 86,190 $ 9 $ 61,628 $ 147,827 (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 provided by (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 |