Condensed Financial Information of Parent Company Only Disclosure [Text Block] | SUBSIDIARY GUARANTOR FINANCIAL INFORMATION The Company's 6.50% senior secured notes due 2023 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, 2017 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 567,830 $ 901,092 $ — $ 1,468,922 Cost of sales 362 495,939 804,426 — 1,300,727 Asset impairment — — 9,917 — 9,917 Gross profit (loss) (362 ) 71,891 86,749 — 158,278 Selling, general, and administrative expenses 14,218 59,769 76,689 — 150,676 Research and development expenses — 3,685 6,617 — 10,302 Royalty expense 1,178 5,703 3,603 — 10,484 Income (loss) from operations (15,758 ) 2,734 (160 ) — (13,184 ) Interest expense (29,182 ) — (1,047 ) — (30,229 ) Loss on note repurchase (18,646 ) — — — (18,646 ) Intercompany interest income (expense) 2,412 3,937 (6,349 ) — — Foreign exchange loss (2 ) (100 ) (1,856 ) — (1,958 ) Other income (expense) 4,623 (178 ) 6,696 — 11,141 Income (loss) before income taxes (56,553 ) 6,393 (2,716 ) — (52,876 ) Provision (benefit) for income taxes (1,446 ) 4,173 8,476 — 11,203 Equity in earnings of subsidiaries (8,972 ) — (8,400 ) 17,372 — Net income (loss) (64,079 ) 2,220 (19,592 ) 17,372 (64,079 ) Net loss noncontrolling interests — — (4,037 ) — (4,037 ) Net income (loss) attributable to Titan $ (64,079 ) $ 2,220 $ (15,555 ) $ 17,372 $ (60,042 ) (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 759 432,705 693,169 — 1,126,633 Gross profit (loss) (759 ) 65,685 73,938 — 138,864 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 ) (8,872 ) (3,259 ) — (24,951 ) 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 ) (4,869 ) 9,139 — (36,474 ) Provision (benefit) for income taxes (64 ) 30 3,315 — 3,281 Equity in earnings of subsidiaries 924 — (6,689 ) 5,765 — Net income (loss) (39,756 ) (4,899 ) (865 ) 5,765 (39,755 ) Net loss noncontrolling interests — — (2,150 ) — (2,150 ) Net income (loss) attributable to Titan $ (39,756 ) $ (4,899 ) $ 1,285 $ 5,765 $ (37,605 ) (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 2,826 561,429 695,773 — 1,260,028 Gross profit (loss) (2,826 ) 79,356 58,213 — 134,743 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 Loss from operations (10,339 ) (546 ) (16,460 ) — (27,345 ) 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 ) 3,925 (23,815 ) — (55,072 ) Provision (benefit) for income taxes 34,341 (1,518 ) 1,933 — 34,756 Equity in earnings of subsidiaries (23,830 ) — (2,689 ) 26,519 — Net income (loss) (93,353 ) 5,443 (28,437 ) 26,519 (89,828 ) Net loss noncontrolling interests — — (14,654 ) — (14,654 ) Net income (loss) attributable to Titan $ (93,353 ) $ 5,443 $ (13,783 ) $ 26,519 $ (75,174 ) (Amounts in thousands) Consolidating Condensed Statements of Comprehensive Income (Loss) For the Year Ended December 31, 2017 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income (loss) $ (64,079 ) $ 2,220 $ (19,592 ) $ 17,372 $ (64,079 ) Currency translation adjustment, net 30,818 — 30,818 (30,818 ) 30,818 Pension liability adjustments, net of tax 1,523 1,807 (284 ) (1,523 ) 1,523 Comprehensive income (loss) (31,738 ) 4,027 10,942 (14,969 ) (31,738 ) Net comprehensive income attributable to noncontrolling interests — — (2,898 ) — (2,898 ) Comprehensive income (loss) attributable to Titan $ (31,738 ) $ 4,027 $ 13,840 $ (14,969 ) $ (28,840 ) (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) $ (39,756 ) $ (4,899 ) $ (865 ) $ 5,765 $ (39,755 ) 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) (32,828 ) (3,219 ) 4,383 (1,163 ) (32,827 ) Net comprehensive income attributable to noncontrolling interests — — 5,305 — 5,305 Comprehensive loss attributable to Titan $ (32,828 ) $ (3,219 ) $ (922 ) $ (1,163 ) $ (38,132 ) (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) $ (93,353 ) $ 5,443 $ (28,437 ) $ 26,519 $ (89,828 ) 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) (173,211 ) 3,886 (106,738 ) 106,377 (169,686 ) Net comprehensive loss attributable to noncontrolling interests — — (19,391 ) — (19,391 ) Comprehensive income (loss) attributable to Titan $ (173,211 ) $ 3,886 $ (87,347 ) $ 106,377 $ (150,295 ) (Amounts in thousands) Consolidating Condensed Balance Sheets December 31, 2017 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Assets Cash and cash equivalents $ 59,740 $ 13 $ 83,817 $ — $ 143,570 Accounts receivable — 54,009 172,694 — 226,703 Inventories — 96,036 243,800 — 339,836 Prepaid and other current assets 17,789 20,917 34,378 — 73,084 Total current assets 77,529 170,975 534,689 — 783,193 Property, plant, and equipment, net 2,466 110,470 308,312 — 421,248 Investment in subsidiaries 766,777 — 74,003 (840,780 ) — Other long-term assets 6,389 967 78,315 — 85,671 Total assets $ 853,161 $ 282,412 $ 995,319 $ (840,780 ) $ 1,290,112 Liabilities and Stockholders’ Equity Short-term debt $ — $ — $ 43,651 $ — $ 43,651 Accounts payable 4,258 20,787 170,452 — 195,497 Other current liabilities 38,495 30,170 65,109 — 133,774 Total current liabilities 42,753 50,957 279,212 — 372,922 Long-term debt 394,284 — 12,887 — 407,171 Other long-term liabilities 11,544 16,458 58,740 — 86,742 Intercompany accounts 75,103 (286,525 ) 211,422 — — Redeemable noncontrolling interest — — 113,193 — 113,193 Titan stockholders' equity 329,477 501,522 330,710 (840,780 ) 320,929 Noncontrolling interests — — (10,845 ) — (10,845 ) Total liabilities and stockholders’ equity $ 853,161 $ 282,412 $ 995,319 $ (840,780 ) $ 1,290,112 (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 — 76,823 195,413 — 272,236 Prepaid and other current assets 11,965 21,901 45,868 — 79,734 Total current assets 148,155 142,218 438,808 — 729,181 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 $ 267,385 $ 909,216 $ (830,064 ) $ 1,265,896 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 302,419 500,862 323,600 (830,064 ) 296,817 Noncontrolling interests — — (3,938 ) — (3,938 ) Total liabilities and stockholders’ equity $ 919,359 $ 267,385 $ 909,216 $ (830,064 ) $ 1,265,896 (Amounts in thousands) Consolidating Condensed Statements of Cash Flows Year Ended December 31, 2017 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidated Net cash provided by (used for) operating activities $ (49,856 ) $ 7,235 $ 41,332 $ (1,289 ) Cash flows from investing activities: Capital expenditures (830 ) (7,620 ) (24,176 ) (32,626 ) Certificates of deposit 50,000 — — 50,000 Other, net — 389 604 993 Net cash provided by (used for) investing activities 49,170 (7,231 ) (23,572 ) 18,367 Cash flows from financing activities: Proceeds from borrowings 394,191 — 53,448 447,639 Repurchase of senior secured notes (415,395 ) — — (415,395 ) Payment on debt (3,393 ) — (51,767 ) (55,160 ) Dividends paid (1,167 ) — — (1,167 ) Net cash provided by (used for) financing activities (25,764 ) — 1,681 (24,083 ) Effect of exchange rate change on cash — — 2,748 2,748 Net increase (decrease) in cash and cash equivalents (26,450 ) 4 22,189 (4,257 ) Cash and cash equivalents, beginning of period 86,190 9 61,628 147,827 Cash and cash equivalents, end of period $ 59,740 $ 13 $ 83,817 $ 143,570 (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 ) Proceeds from exercise of stock options — — — — 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 |