Titan International (TWI) 10-Q 3 May 18 2018 Q1 Quarterly report Financial data

Document and Entitiy Informatio

Document and Entitiy Information - shares	3 Months Ended
	Mar. 31, 2018	Apr. 25, 2018
Document Information [Line Items]
Entity Registrant Name	TITAN INTERNATIONAL INC
Entity Central Index Key	899,751
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		59,822,781

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Net sales	$ 425,382	$ 357,501
Cost of sales	365,821	317,300
Gross profit	59,561	40,201
Selling, general and administrative expenses	35,921	41,338
Research and development expenses	2,877	2,843
Royalty expense	2,663	2,609
Income (loss) from operations	18,100	(6,589)
Interest expense	(7,518)	(7,721)
Foreign exchange (loss) gain	(4,432)	4,490
Other income	7,750	2,677
Income (loss) before income taxes	13,900	(7,143)
(Benefit) provision for income taxes	(786)	3,442
Net income (loss)	14,686	(10,585)
Net (loss) income attributable to noncontrolling interests	(1,679)	868
Net income (loss) attributable to Titan	16,365	(11,453)
Redemption value adjustment	2,343	(941)
Net income (loss) applicable to common shareholders	$ 14,022	$ (10,512)
Earnings per common share:
Basic	$ 0.23	$ (0.18)
Diluted	$ 0.23	$ (0.18)
Average common shares and equivalents outstanding:
Basic	59,711	58,572
Diluted	59,876	58,572
Dividends declared per common share:	$ 0.005	$ 0.005

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Net income (loss)	$ 14,686	$ (10,585)
Currency translation adjustment	8,062	11,019
Pension liability adjustments, net of tax of $166, $(126), $55, and $(430), respectively	(883)	(733)
Comprehensive income	23,631	1,167
Net comprehensive (loss) income attributable to redeemable and noncontrolling interests	(1,040)	2,783
Comprehensive income (loss) attributable to Titan	$ 24,671	$ (1,616)

CONSOLIDATED STATEMENTS OF COM4

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement of Comprehensive Income [Abstract]
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	$ (54)	$ (14)

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Current assets
Cash and cash equivalents	$ 112,429	$ 143,570
Accounts receivable, net	294,505	226,703
Inventories	368,435	339,836
Prepaid and other current assets	75,561	73,084
Total current assets	850,930	783,193
Property, plant and equipment, net	417,426	421,248
Deferred income taxes	1,907	3,779
Other assets	82,792	81,892
Total assets	1,353,055	1,290,112
Current liabilities
Short-term debt	55,171	43,651
Accounts payable	227,954	195,497
Other current liabilities	130,284	133,774
Total current liabilities	413,409	372,922
Long-term debt	407,608	407,171
Deferred income taxes	14,376	13,545
Other long-term liabilities	70,248	73,197
Total liabilities	905,641	866,835
Redeemable noncontrolling interest	115,369	113,193
Titan stockholders' equity
Common stock ($0.0001 par value, 120,000,000 shares authorized, 60,715,356 issued, 59,810,770 outstanding at March 2018 and 59,800,559 outstanding at December 2017)	0	0
Additional paid-in capital	529,480	531,708
Retained deficit	(27,868)	(44,022)
Treasury stock (at cost, 904,586 and 914,797 shares, respectively)	(8,515)	(8,606)
Stock reserved for deferred compensation	(1,075)	(1,075)
Accumulated other comprehensive loss	(148,770)	(157,076)
Total Titan shareholders’ equity	343,252	320,929
Noncontrolling interests	(11,207)	(10,845)
Total equity	332,045	310,084
Total liabilities and equity	$ 1,353,055	$ 1,290,112

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2018	Dec. 31, 2017
Liabilities and Equity [Abstract]
Common Stock, par value	$ 0.0001	$ 0
Common Stock, shares authorized (in shares)	120,000,000	120,000,000
Common Stock, shares issued (in shares)	60,715,336
Common Stock, shares, outstanding (in shares)	59,810,770
Treasury Stock, shares (in shares)	1,014,517	1,083,212

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - 3 months ended Mar. 31, 2018 - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional paid-in capital [Member]	Retained earnings [Member]	Treasury stock [Member]	Deferred Compensation, Share-based Payments [Member]	Accumulated other comprehensive income (loss) [Member]	Parent [Member]	Noncontrolling interest [Member]
Balance, Beginning (in shares) at Dec. 31, 2017		59,800,559
Balance, Beginning at Dec. 31, 2017	$ 310,084		$ 531,708	$ (44,022)	$ (8,606)	$ 1,075	$ (157,076)	$ 320,929	$ (10,845)
Net income (loss)	14,686			16,365				16,365
Currency translation adjustment, net	8,062						7,423	7,423	291
Temporary Equity, Foreign Currency Translation Adjustments	7,714
Pension liability adjustments, net of tax	883						883	883
Dividends declared	(299)			(299)				(299)
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	123			88				88	35
Redemption value adjustment	2,343		(2,343)					(2,343)
Stock-based compensation	73		73					73
VIE contributions	476							0	476
Issuance of treasury stock under 401(k) plan		10,211
Issuance of treasury stock under 401(k) plan	(133)		(42)		(91)			(133)
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest	$ 15,201								(1,164)
Balance, Ending (in shares) at Mar. 31, 2018	59,810,770	59,810,770
Balance, Ending at Mar. 31, 2018	$ 332,045		$ 529,480	$ (27,868)	$ (8,515)	$ 1,075	$ (148,770)	$ 343,252	$ (11,207)
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	(515)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax, Portion Attributable to Noncontrolling Interest	$ 348

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Net income (loss)	$ 14,686	$ (10,585)
Adjustments to reconcile net loss to net cash used for operating activities:
Depreciation and amortization	15,330	14,466
Deferred income tax provision	2,510	715
Stock-based compensation	73	204
Issuance of treasury stock under 401(k) plan	133	131
Foreign currency translation loss (gain)	3,769	(1,342)
(Increase) decrease in assets:
Accounts receivable	(65,854)	(48,180)
Inventories	(26,115)	(14,547)
Prepaid and other current assets	(2,142)	2,641
Other assets	252	(251)
Increase (decrease) in liabilities:
Accounts payable	29,793	34,313
Other current liabilities	(4,421)	7,425
Other liabilities	(3,697)	471
Net cash used for operating activities	(35,683)	(14,539)
Cash flows from investing activities:
Capital expenditures	(7,807)	(8,389)
Other	794	574
Net cash used for investing activities	(7,013)	(7,815)
Cash flows from financing activities:
Proceeds from borrowings	16,480	14,635
Payment on debt	(5,720)	(10,216)
Dividends paid	(299)	(271)
Net cash provided by financing activities	10,461	4,148
Effect of exchange rate changes on cash	1,094	1,537
Net increase in cash and cash equivalents	(31,141)	(16,669)
Cash and cash equivalents, beginning of period	143,570	147,827
Cash and cash equivalents, end of period	112,429	131,158
Supplemental information:
Interest paid	792	2,458
Income taxes paid, net of refunds received	2,508	648
Stock Issued During Period, Value, Conversion of Convertible Securities	$ 0	$ 58,460

ACCOUNTING POLICIES

ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
ACCOUNTING POLICIES	BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES The accompanying unaudited condensed consolidated interim financial statements include the accounts of Titan International, Inc. and its subsidiaries (Titan or the Company) and have been prepared in accordance with accounting principles generally accepted in the United States of America (US GAAP) for interim financial information and in accordance with the rules and regulations of the United States Securities and Exchange Commission (the SEC). Accordingly, they do not include all of the information and footnotes required by US GAAP for complete financial statements. These unaudited condensed consolidated interim financial statements reflect all normal, and recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the Company's financial position as of March 31, 2018 , and the results of operations and cash flows for the three months ended March 31, 2018 and 2017 , and should be read in conjunction with the consolidated financial statements and the related notes thereto included in the Company’s latest Annual Report on Form 10-K for the year ended December 31, 2017, filed with the SEC on February 23, 2018. All significant intercompany transactions have been eliminated in consolidation. These unaudited condensed consolidated interim financial statements include estimates and assumptions of management that affect the amounts reported in the condensed consolidated financial statements. Actual results could differ from these estimates. Fair value of financial instruments The Company records all financial instruments, including cash and cash equivalents, accounts receivable, notes receivable, accounts payable, other accruals, and notes payable at cost, which approximates fair value due to their short term or stated rates. Investments in marketable equity securities are recorded at fair value. The 6.5% senior secured notes due 2023 (senior secured notes) were carried at cost of $394.5 million at March 31, 2018 . The fair value of the senior secured notes at March 31, 2018 , as obtained through an independent pricing source, was approximately $412.0 million . Cash dividends The Company declared cash dividends of $0.005 per share of common stock for each of the three months ended March 31, 2018 and 2017 . The first quarter 2018 cash dividend of $0.005 per share of common stock was paid on April 16, 2018, to shareholders of record on March 29, 2018. New accounting standards: Adoption of new accounting standards The Company adopted FASB Accounting Standards Codification (ASC) Topic 606, "Revenue from Contracts with Customers" (the New Revenue Standard), effective January 1, 2018, using the modified retrospective approach. ASC 606 prescribes that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance provides a five-step process to achieve that core principle: • Identify the contract(s) with a customer • Identify the performance obligations • Determine the transaction price • Allocate the transaction price • Recognize revenue when the performance obligations are met The Company compared its current revenue recognition policies to the requirements of the New Revenue Standard. Titan recognizes revenue when the performance obligations specified in the Company's contracts have been satisfied. Titan's contracts typically contain a single performance obligation that is fulfilled on the date of delivery based on shipping terms stipulated in the contract. As of March 31, 2018, none of the Company's contracts contained a financing option and Titan did not have any contract assets or liabilities. The table below presents the cumulative effect of the adoption of the New Revenue Standard on select accounts of Titan's condensed consolidated balance sheet at March 31, 2018 (amounts in thousands): Balance at December 31, 2017 New Revenue Standard Adjustments Balance at January 1, 2018 Assets Inventories $ 339,836 $ (390 ) $ 339,446 Liabilities Other current liabilities 133,774 (513 ) 133,261 Equity Retained (deficit) earnings (44,022 ) 88 (43,934 ) Noncontrolling interests (10,845 ) 35 (10,810 ) Disaggregated Revenues The following table presents revenues disaggregated by the major markets Titan serves (amounts in thousands): Three months ended March 31, 2018 2017 Net sales Agricultural $ 194,166 $ 180,516 Earthmoving/construction 188,733 135,619 Consumer 42,483 41,366 $ 425,382 $ 357,501 The Company adopted Accounting Standards Update (ASU) No. 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost" on January 1, 2018, using the retrospective transition method. This standard changed the presentation of net periodic pension and postretirement benefit cost (net benefit cost) within the Statement of Operations. Under the previous guidance, net benefit cost was reported as an employee cost within operating income. The amendment requires the bifurcation of net benefit cost, with the service cost component to be presented with other employee compensation costs in operating income while the other components will be reported separately outside of income from operations. The adoption of this accounting standard resulted in a change in certain previously reported amounts, whereby the Company reclassed $0.5 million of non-service cost from Cost of Sales to Other Income on the Condensed Consolidated Statement of Operations for the three months ended March 31, 2017. See Note 5 - Employee Benefit Plans in Part I, Item 1 of this Form 10-Q for further discussion. In May 2017, the FASB issued ASU No. 2017-09, "Stock Compensation (Topic 718): Scope of Modification Accounting." This update provides guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. Disclosure requirements under Topic 718 remain unchanged. The Company adopted ASU 2017-09, effective as of January 1, 2018. The adoption of this guidance did not have a material effect on the Company's consolidated financial statements; no changes were made to the terms or conditions of share-based payments. In August 2016, the FASB issued ASU No. 2016-15, "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments." This update addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. The Company adopted this guidance effective January 1, 2018, with no resulting changes to the Company's consolidated financial statements. Accounting standards issued but not yet adopted In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)." This update was issued to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The primary effect of adopting the new standard will be to record assets and obligations for the Company's operating leases. The amendments in this update are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the impact of ASU 2016-02.

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	3 Months Ended
	Mar. 31, 2018
Receivables [Abstract]
ACCOUNTS RECEIVABLE	ACCOUNTS RECEIVABLE Accounts receivable consisted of the following as of the dates set forth below (amounts in thousands): March 31, December 31, Accounts receivable $ 297,106 $ 229,677 Allowance for doubtful accounts (2,601 ) (2,974 ) Accounts receivable, net $ 294,505 $ 226,703

INVENTORIES

INVENTORIES	3 Months Ended
	Mar. 31, 2018
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	INVENTORIES Inventories consisted of the following as of the dates set forth below (amounts in thousands): March 31, December 31, Raw material $ 91,507 $ 83,541 Work-in-process 42,326 40,525 Finished goods 234,602 215,770 $ 368,435 $ 339,836

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	3 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment, net consisted of the following as of the dates set forth below (amounts in thousands): March 31, December 31, Land and improvements $ 47,548 $ 46,998 Buildings and improvements 266,586 264,078 Machinery and equipment 605,747 598,411 Tools, dies and molds 110,675 108,649 Construction-in-process 10,745 15,349 1,041,301 1,033,485 Less accumulated depreciation (623,875 ) (612,237 ) $ 417,426 $ 421,248 Depreciation on property, plant and equipment for the three months ended March 31, 2018 and 2017 , totaled $14.4 million and $13.5 million , respectively. Capital leases included in property, plant, and equipment consisted of the following as of the dates set forth below (amounts in thousands): March 31, December 31, Buildings and improvements $ 4,170 $ 4,056 Less accumulated amortization (2,385 ) (2,294 ) $ 1,785 $ 1,762 Machinery and equipment $ 33,443 $ 32,379 Less accumulated amortization (28,039 ) (27,260 ) $ 5,404 $ 5,119

INTANGIBLE ASSETS

INTANGIBLE ASSETS	3 Months Ended
	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets Disclosure [Text Block]	INTANGIBLE ASSETS The components of intangible assets consisted of the following as of the dates set forth below (amounts in thousands): Weighted Average Useful Lives (in years) March 31, 2018 March 31, December 31, Amortizable intangible assets: Customer relationships 9.4 $ 14,237 $ 13,922 Patents, trademarks and other 7.4 15,288 15,208 Total at cost 29,525 29,130 Less accumulated amortization (15,006 ) (13,855 ) $ 14,519 $ 15,275 Amortization related to intangible assets for each of the three months ended March 31, 2018 and 2017 , totaled $0.7 million . Intangible assets are included as a component of other assets in the Condensed Consolidated Balance Sheet. The estimated aggregate amortization expense at March 31, 2018 , for each of the years (or other periods) set forth below was as follows (amounts in thousands): April 1 - December 31, 2018 $ 1,775 2019 2,306 2020 2,285 2021 1,494 2022 1,067 Thereafter 5,592 $ 14,519

WARRANTY

WARRANTY	3 Months Ended
	Mar. 31, 2018
Product Warranties Disclosures [Abstract]
WARRANTY COSTS	WARRANTY Changes in the warranty liability consisted of the following (amounts in thousands): 2018 2017 Warranty liability, January 1 $ 18,612 $ 17,926 Provision for warranty liabilities 1,898 1,864 Warranty payments made (1,336 ) (1,589 ) Warranty liability, March 31 $ 19,174 $ 18,201 The Company provides limited warranties on workmanship on its products in all market segments. The majority of the Company’s products are subject to a limited warranty that ranges between less than one year and ten

REVOLVING CREDIT FACILITY AND L

REVOLVING CREDIT FACILITY AND LONG-TERM DEBT	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
REVOLVING CREDIT FACILITY AND LONG-TERM DEBT	REVOLVING CREDIT FACILITY AND LONG-TERM DEBT Long-term debt consisted of the following as of the dates set forth below (amounts in thousands): March 31, 2018 Principal Balance Unamortized Debt Issuance Net Carrying Amount 6.50% senior secured notes due 2023 $ 400,000 $ (5,509 ) $ 394,491 Titan Europe credit facilities 32,485 — 32,485 Other debt 35,032 — 35,032 Capital leases 771 — 771 Total debt 468,288 (5,509 ) 462,779 Less amounts due within one year 55,171 — 55,171 Total long-term debt $ 413,117 $ (5,509 ) $ 407,608 December 31, 2017 Principal Balance Unamortized Debt Issuance Net Carrying Amount 6.50% senior secured notes due 2023 $ 400,000 $ (5,716 ) $ 394,284 Titan Europe credit facilities 33,485 — 33,485 Other debt 22,564 — 22,564 Capital leases 489 — 489 Total debt 456,538 (5,716 ) 450,822 Less amounts due within one year 43,651 — 43,651 Total long-term debt $ 412,887 $ (5,716 ) $ 407,171 Aggregate principal maturities of long-term debt at March 31, 2018 , for each of the years (or other periods) set forth below were as follows (amounts in thousands): April 1 - December 31, 2018 $ 24,141 2019 39,371 2020 3,379 2021 715 2022 275 Thereafter 400,407 $ 468,288 6.50% senior secured notes due 2023 The senior secured notes are due November 2023. Including the impact of debt issuance costs, these notes had an effective yield of 6.79% at issuance. These notes will be secured by the land and buildings of the following subsidiaries of the Company: Titan Tire Corporation, Titan Tire Corporation of Bryan, Titan Tire Corporation of Freeport, and Titan Wheel Corporation of Illinois. The outstanding principal balance for these notes was $400.0 million at March 31, 2018 . Titan Europe credit facilities The Titan Europe credit facilities contain borrowings from various institutions totaling $32.5 million in aggregate principal amount at March 31, 2018 . Maturity dates on this debt range from less than one year to nine years and interest rates range from 5% to 6.9% . The Titan Europe facilities are secured by the assets of Titan's subsidiaries in Italy, Spain, Germany, and Brazil. Revolving credit facility The Company has a $75 million revolving credit facility (credit facility) with agent BMO Harris Bank N.A. and other financial institutions party thereto. The credit facility is collateralized by accounts receivable and inventory of certain of the Company’s domestic subsidiaries and is scheduled to mature in February 2022. From time to time Titan's availability under this credit facility may be less than $75 million as a result of outstanding letters of credit and eligible accounts receivable and inventory balances at certain of its domestic subsidiaries. At March 31, 2018 , an outstanding letter of credit under the credit facility totaled $12.5 million and the amount available under the facility totaled $62.5 million based upon eligible accounts receivable and inventory balances. During the first three months of 2018 and at March 31, 2018 , there were no borrowings under the credit facility. Other debt The Company has working capital loans at Titan Pneus do Brasil Ltda and Voltyre-Prom at various interest rates, which totaled $5.8 million and $29.2 million at March 31, 2018

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS (Notes)	3 Months Ended
	Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	DERIVATIVE FINANCIAL INSTRUMENTS The Company uses financial derivatives to mitigate its exposure to volatility in foreign currency exchange rates. These derivative financial instruments are recognized at fair value. The Company has not designated these financial instruments as hedging instruments. Any gain or loss on the re-measurement of the fair value is recorded as an offset to currency exchange gain/loss. For the three months ended March 31, 2018 , the Company recorded currency exchange loss related to these derivatives of $0.3 million

REDEEMABLE NONCONTROLLING INTER

REDEEMABLE NONCONTROLLING INTEREST (Notes)	3 Months Ended
	Mar. 31, 2018
Noncontrolling Interest [Abstract]
Noncontrolling Interest Disclosure [Text Block]	REDEEMABLE NONCONTROLLING INTEREST The Company, in partnership with One Equity Partners (OEP) and the Russian Direct Investment Fund (RDIF), owns all of the equity interests in Voltyre-Prom, a leading producer of agricultural and industrial tires in Volgograd, Russia. The Company is party to a shareholders' agreement with OEP and RDIF which was entered into in connection with acquisition of Voltyre-Prom. The agreement contains a settlement put option which is exercisable during a six-month period beginning July 9, 2018, and may require Titan to purchase the indirect equity interests from OEP and RDIF in Voltyre-Prom with cash or Titan common stock, at a value set by the agreement. The value set by the agreement is the greater of: the aggregate of the investment of the selling party and an amount representing an internal rate of return of 8%; or the last twelve months of EBITDA multiplied by 5.5 less net debt times the selling party's ownership percentage. As of March 31, 2018 , the value of the redeemable noncontrolling interest held by OEP and RDIF has been recorded at the aggregate of the investment of the selling party and an amount representing an internal rate of return of 8%. The redemption features of the settlement put option are not solely within the Company’s control and the noncontrolling interest is presented as redeemable noncontrolling interest separately from total equity in the Condensed Consolidated Balance Sheet at the redemption value of the settlement put option. If the redemption value is greater than the carrying value of the noncontrolling interest, the increase in the redemption value is adjusted directly to retained earnings of the affected entity, or additional paid-in capital if there are no available retained earnings applicable to the redeemable noncontrolling interest. The following is a reconciliation of redeemable noncontrolling interest as of March 31, 2018 and 2017 (amounts in thousands): 2018 2017 Balance at January 1 $ 113,193 $ 104,809 Income attributable to redeemable noncontrolling interest (515 ) 620 Currency translation 348 2,337 Redemption value adjustment 2,343 (941 ) Balance at March 31 $ 115,369 $ 106,825 This obligation approximates the cost to the Company if all remaining equity interests in the consortium were purchased by the Company on March 31, 2018

LEASE COMMITMENTS

LEASE COMMITMENTS	3 Months Ended
	Mar. 31, 2018
Leases [Abstract]
LEASE COMMITMENTS	LEASE COMMITMENTS The Company leases certain buildings and equipment under operating leases. Certain lease agreements provide for renewal options, fair value purchase options, and payment of property taxes, maintenance, and insurance by the Company. At March 31, 2018 , future minimum rental commitments under noncancellable operating leases with initial terms of at least one year were as follows (amounts in thousands): April 1 - December 31, 2018 $ 5,896 2019 7,036 2020 4,649 2021 3,514 2022 2,782 Thereafter 6,099 Total future minimum lease payments $ 29,976 At March 31, 2018 , the Company had assets held as capital leases with a net book value of $7.2 million included in property, plant and equipment. At March 31, 2018 , total future capital lease obligations relating to these leases were as follows (amounts in thousands): April 1 - December 31, 2018 $ 192 2019 351 2020 67 2021 47 2022 50 Thereafter 61 Total future capital lease obligation payments 768 Less amount representing interest (5 ) Present value of future capital lease obligation payments $ 763

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	3 Months Ended
	Mar. 31, 2018
Retirement Benefits [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	EMPLOYEE BENEFIT PLANS The Company has three frozen defined benefit pension plans covering certain employees or former employees of three U.S. subsidiaries. The Company also has pension plans covering certain employees of several foreign subsidiaries. The Company also sponsors a number of defined contribution plans in the U.S. and at foreign subsidiaries. The Company contributed approximately $0.8 million to the pension plans during the three months ended March 31, 2018 , and expects to contribute approximately $4.5 million to the pension plans during the remainder of 2018. The components of net periodic pension cost consisted of the following for the periods set forth below (amounts in thousands): Three months ended March 31, 2018 2017 Service cost $ 137 $ 225 Interest cost 1,083 1,171 Expected return on assets (1,492 ) (1,369 ) Amortization of unrecognized prior service cost 50 34 Amortization of net unrecognized loss 676 674 Net periodic pension cost $ 454 $ 735

VARIABLE INTEREST ENTITIES (Not

VARIABLE INTEREST ENTITIES (Notes)	3 Months Ended
	Mar. 31, 2018
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net [Abstract]
Variable Interest Entities Disclosure [Text Block]	VARIABLE INTEREST ENTITIES The Company holds a variable interest in three joint ventures for which the Company is the primary beneficiary. Two of the joint ventures operate distribution facilities which primarily distribute mining products. One of these facilities is located in Canada and the other is located in Australia. The Company’s variable interest in these joint ventures relates to sales of Titan product to these entities, consigned inventory, and working capital loans. The third joint venture is the consortium which owns Voltyre-Prom. (See Note 9 for additional information.) Titan is acting as operating partner with responsibility for Voltyre-Prom’s daily operations. The Company has also provided working capital loans to Voltyre-Prom. As the primary beneficiary of these variable interest entities (VIEs), the entities’ assets, liabilities, and results of operations are included in the Company’s consolidated financial statements. The other equity holders’ interests are reflected in “Net (loss) income attributable to noncontrolling interests” in the Condensed Consolidated Statements of Operations and “Noncontrolling interests” in the Condensed Consolidated Balance Sheets. The following table summarizes the carrying amount of the entities’ assets and liabilities included in the Company’s Condensed Consolidated Balance Sheets at March 31, 2018 , and December 31, 2017 (amounts in thousands): March 31, December 31, 2017 Cash and cash equivalents $ 7,652 $ 10,621 Inventory 17,671 13,494 Other current assets 50,135 36,334 Property, plant and equipment, net 33,686 33,717 Other noncurrent assets 4,431 4,250 Total assets $ 113,575 $ 98,416 Current liabilities $ 47,390 $ 32,172 Noncurrent liabilities 8,555 8,291 Total liabilities $ 55,945 $ 40,463 All assets in the above table can only be used to settle obligations of the consolidated VIE to which the respective assets relate. Liabilities are nonrecourse obligations. Amounts presented in the table above are adjusted for intercompany eliminations. The Company holds a variable interest in certain VIEs which are not consolidated because Titan is not the primary beneficiary. The Company's involvement with these entities is in the form of direct equity interests and prepayments and purchases of materials. The maximum exposure to loss represents the loss of assets recognized by Titan relating to non-consolidated entities and amounts due to the non-consolidated assets. The assets and liabilities recognized in Titan's Condensed Consolidated Balance Sheets related to Titan's interest in these non-consolidated VIEs and the Company's maximum exposure to loss relating to non-consolidated VIEs as of the dates set forth below were as follows (amounts in thousands): March 31, December 31, 2017 Investments $ 3,834 $ 3,823 Other current assets 1,316 1,261 Total VIE assets 5,150 5,084 Accounts payable 1,264 1,413 Maximum exposure to loss $ 6,414 $ 6,497

ROYALTY EXPENSE

ROYALTY EXPENSE	3 Months Ended
	Mar. 31, 2018
Other Income and Expenses [Abstract]
ROYALTY EXPENSE	ROYALTY EXPENSE The Company has trademark license agreements with The Goodyear Tire & Rubber Company to manufacture and sell certain farm tires under the Goodyear name. These agreements cover sales in North America, Latin America, Europe, the Middle East, Africa, Russia, and other Commonwealth of Independent States countries. Each of these agreements expire in 2025. The North American and Latin American farm tire royalties were prepaid through March 2018 as a part of the 2011 Goodyear Latin American farm tire acquisition. The Company also has a trademark license agreement with Goodyear to manufacture and sell certain non-farm tire products in Latin America which expires June 2019. Royalty expenses recorded were $2.7 million and $2.6 million for the three months ended March 31, 2018 and 2017

OTHER INCOME

OTHER INCOME	3 Months Ended
	Mar. 31, 2018
Other Income and Expenses [Abstract]
OTHER INCOME, NET	OTHER INCOME Other income consisted of the following for the periods set forth below (amounts in thousands): Three months ended March 31, 2018 2017 Equity investment income $ 1,116 $ 810 Interest income 617 973 Building rental income 578 600 Gain (loss) on sale of assets 181 (262 ) Discount amortization on prepaid royalty 172 328 Investment gain related to investments for deferred compensation 121 850 Other income (expense) 4,965 (622 ) $ 7,750 $ 2,677

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company recorded income tax (benefit) expense of $(0.8) million and $3.4 million for the quarters ended March 31, 2018 and 2017 , respectively. The Company's effective income tax rate was (6)% and (48)% for the three months ended March 31, 2018 and 2017 , respectively. The Company’s 2018 income tax expense and rate differed from the amount of income tax determined by applying the U.S. Federal income tax rate to pre-tax income primarily as a result of reduction of the liability for unrecognized tax positions and U.S. and certain foreign jurisdictions that incurred a full valuation allowance on deferred tax assets created by current year projected losses. In addition, there were non-deductible royalty expenses and statutorily required income adjustments made in certain foreign jurisdictions that negatively impacted the tax rate for the three months ended March 31, 2018 . The Company’s 2017 income tax expense and rate differed from the amount of income tax determined by applying the U.S. Federal income tax rate to pre-tax income primarily as a result of U.S. and certain foreign jurisdictions that incurred a full valuation allowance on deferred tax assets created by current year projected losses. In addition, there were non-deductible royalty expenses and statutorily required income adjustments made in certain foreign jurisdictions that negatively impacted the tax rate for the period. The Company continues to monitor the realization of its deferred tax assets and assesses the need for a valuation allowance. The Company analyzes available positive and negative evidence to determine if a valuation allowance is needed based on the weight of the evidence. This objectively verifiable evidence primarily includes the past three years' profit and loss positions. This process requires management to make estimates, assumptions, and judgments that are uncertain in nature. The Company has established valuation allowances with respect to deferred tax assets in U.S. and certain foreign jurisdictions and continues to monitor and assess potential valuation allowances in all its jurisdictions. The 2017 Tax Cuts and Jobs Act (2017 TCJA) was enacted on December 22, 2017. The 2017 TCJA includes a number of changes to the Internal Revenue Code including a one-time transition tax on the mandatory deemed repatriation of cumulative undistributed foreign earnings and a permanent reduction in the U.S. federal statutory income tax rate from 35% to 21%

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Earnings per share (EPS) were as follows for the periods presented below (amounts in thousands, except per share data): Three months ended March 31, 2018 2017 Net income (loss) attributable to Titan $ 16,365 $ (11,453 ) Redemption value adjustment (2,343 ) 941 Net income (loss) applicable to common shareholders $ 14,022 $ (10,512 ) Determination of shares: Weighted average shares outstanding (basic) 59,711 58,572 Effect of stock options/trusts 166 — Weighted average shares outstanding (diluted) 59,876 58,572 Earnings per share: Basic and diluted 0.23 (0.18 ) The effect of stock options, shares held by certain trusts, and convertible notes has been excluded from the calculation of EPS for the three months ended March 31, 2017 , as the effect would have been antidilutive. The weighted average share amount excluded for stock options and shares held by certain trusts was 0.2 million for the three months ended March 31, 2017 . The weighted average share amount excluded for convertible notes totaled 1.0 million shares for the three months ended March 31, 2017

LITIGATION

LITIGATION	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
LITIGATION	LITIGATION The Company is a party to routine legal proceedings arising out of the normal course of business. Although it is not possible to predict with certainty the outcome of these unresolved legal actions or the range of possible loss, the Company believes at this time that none of these actions, individually or in the aggregate, will have a material adverse effect on the consolidated financial condition, results of operations, or cash flows of the Company. However, due to the difficult nature of predicting unresolved and future legal claims, the Company cannot anticipate or predict the material adverse effect on its consolidated financial condition, results of operations, or cash flows as a result of efforts to comply with, or liabilities pertaining to, legal judgments. At March 31, 2018, two of Titan’s subsidiaries were involved in litigation concerning environmental laws and regulations. In June 2015, Titan Tire and Dico, Inc. (Dico) appealed a U.S. District Court order granting the U.S. motion for summary judgment that found Dico liable for violating the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) and an Environmental Protection Agency (EPA) Administrative Order and awarded response costs, civil penalties and punitive damages. In December 2015, the United States Court of Appeals reversed the District Court’s summary judgment order with respect to “arranger” liability for Titan Tire and Dico under CERCLA and the imposition of punitive damages against Dico for violating the EPA Administrative Order, but affirmed the summary judgment order imposing civil penalties in the amount of $1.62 million against Dico for violating the EPA Administrative Order. The case was remanded to the District Court for a new trial on the remaining issues. The trial occurred in April 2017. On September 5, 2017, the District Court issued an order: (a) concluding Titan Tire and Dico arranged for the disposal of a hazardous substance in violation of 42 U.S.C. § 9607(a); (b) holding Titan Tire and Dico jointly and severally liable for $5.45 million in response costs previously incurred and reported by the United States relating to the alleged violation, including enforcement costs and attorney’s fees; and (c) awarding a declaratory judgment holding Titan Tire and Dico jointly and severally liable for all additional response costs previously incurred but not yet reported or to be incurred in the future, including enforcement costs and attorney’s fees. The District Court also held Dico liable for $5.45 million in punitive damages under 42 U.S.C. § 9607(c)(3) for violating a unilateral administrative order. The punitive damages award does not apply to Titan Tire. The Company accrued a contingent liability of $6.5 million , representing $5.45 million in costs incurred by the United States and $1.05 million of additional response costs, for this order in the quarter ended September 30, 2017.

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Segment information	SEGMENT INFORMATION The Company has aggregated its operating units into reportable segments based on its three customer markets: agricultural, earthmoving/construction, and consumer. These segments are based on the information used by the Chief Executive Officer to make certain operating decisions, allocate portions of capital expenditures, and assess segment performance. Segment external sales, expenses, and income from operations are determined based on the results of operations for the operating units of the Company's manufacturing facilities. Expenses and income from operations are allocated to appropriate segments based on the sales of operating units of manufacturing facilities. Segment assets are generally determined on the basis of the tangible assets located at such operating units’ manufacturing facilities and the intangible assets associated with the acquisitions of such operating units. However, certain operating units’ property, plant and equipment balances are carried at the corporate level. Titan is organized primarily on the basis of products being included in three market segments, with each reportable segment including wheels, tires, wheel/tire assemblies, and undercarriage systems and components. The table below presents information about certain operating results, separated by market segments, for each of the three months ended March 31, 2018 and 2017 (amounts in thousands): Three months ended March 31, 2018 2017 Net sales Agricultural $ 194,166 $ 180,516 Earthmoving/construction 188,733 135,619 Consumer 42,483 41,366 $ 425,382 $ 357,501 Gross profit Agricultural $ 29,961 $ 21,879 Earthmoving/construction 22,462 12,898 Consumer 7,138 5,424 $ 59,561 $ 40,201 Income (loss) from operations Agricultural $ 21,321 $ 12,746 Earthmoving/construction 9,953 1,062 Consumer 3,947 1,514 Corporate & Unallocated (17,121 ) (21,911 ) Income (loss) from operations 18,100 (6,589 ) Interest expense (7,518 ) (7,721 ) Foreign exchange (loss) gain (4,432 ) 4,490 Other income, net 7,750 2,677 Income (loss) before income taxes $ 13,900 $ (7,143 ) Assets by segment were as follows as of the dates set forth below (amounts in thousands): March 31, December 31, Total assets Agricultural $ 514,093 $ 444,783 Earthmoving/construction 561,926 537,855 Consumer 143,624 157,133 Corporate & Unallocated 133,412 150,341 $ 1,353,055 $ 1,290,112

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Accounting standards for fair value measurements establish a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers are defined as: Level 1 – Quoted prices in active markets for identical instruments. Level 2 – Inputs other than quoted prices in active markets that are either directly or indirectly observable. Level 3 – Unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. Assets and liabilities measured at fair value on a recurring basis consisted of the following as of the dates set forth below (amounts in thousands): March 31, 2018 December 31, 2017 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Contractual obligation investments $ 12,514 $ 12,514 $ — $ — $ 12,393 $ 12,393 $ — $ — Derivative financial instruments asset 208 — 208 — 458 — 458 — Preferred stock 124 — — 124 154 — — 154 Total $ 12,846 $ 12,514 $ 208 $ 124 $ 13,005 $ 12,393 $ 458 $ 154 The following table presents the changes, during the three months ended March 31, 2018, in Titan's Level 3 investments that are measured at fair value on a recurring basis (amounts in thousands): Preferred stock Balance at December 31, 2017 $ 154 Total unrealized losses (30 ) Balance as of March 31, 2018 $ 124

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	RELATED PARTY TRANSACTIONS The Company sells products and pays commissions to companies controlled by persons related to the Chairman of the Board of Directors of the Company, Mr. Maurice Taylor. The related party is Mr. Fred Taylor, who is Mr. Maurice Taylor’s brother. The companies with which Mr. Fred Taylor is associated that do business with Titan include the following: Blackstone OTR, LLC; F.B.T. Enterprises, Inc.; Green Carbon, Inc.; Silverstone, Inc.; and OTR Wheel Engineering, Inc. Sales of Titan products to these companies were approximately $0.3 million for the three months ended March 31, 2018 , as compared to $0.5 million for the three months ended March 31, 2017 . Titan had trade receivables due from these companies of approximately $0.2 million at March 31, 2018 , and approximately $0.4 million at December 31, 2017 . Titan had product purchases from these companies of approximately $0.2 million for the three months ended March 31, 2018 , as compared to purchases of approximately $0.1 million for the three months ended March 31, 2017 . Sales commissions paid to the above companies were approximately $0.6 million for the three months ended March 31, 2018 , as compared to $0.4 million for the three months ended March 31, 2017 . The Company sells products to Valuepart and Track Solutions Pty Ltd., which is controlled by relatives of a member of management of a Titan subsidiary. Sales of Titan products to this company were approximately $0.0 million for the three months ended March 31, 2018 . In July 2013, the Company entered into a Shareholders’ Agreement between OEP and RDIF to acquire Voltyre-Prom. Mr. Richard M. Cashin Jr., a director of the Company, is the President of OEP, which owns 21.4%

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Notes)	3 Months Ended
	Mar. 31, 2018
Stockholders' Equity Note [Abstract]
Comprehensive Loss Note	ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated other comprehensive loss consisted of the following (amounts in thousands): Currency Translation Adjustments Unrecognized Losses and Prior Service Cost Total Balance at January 1, 2018 $ (132,949 ) $ (24,127 ) $ (157,076 ) Currency translation adjustments 7,423 — 7,423 Defined benefit pension plan entries: Amortization of unrecognized losses and prior service cost, net of tax of $(54) — 883 883 Balance at March 31, 2018 $ (125,526 ) $ (23,244 ) $ (148,770 )

SUBSIDIARY GUARANTOR FINANCIAL

SUBSIDIARY GUARANTOR FINANCIAL INFORMATION	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed Financial Information of Parent Company Only Disclosure [Text Block]	SUBSIDIARY GUARANTOR FINANCIAL INFORMATION The senior secured notes 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 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. See the indenture incorporated by reference to the Company's most recent Form 10-K for additional information. 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, 2018 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 170,759 $ 254,623 $ — $ 425,382 Cost of sales 108 141,530 224,183 — 365,821 Gross (loss) profit (108 ) 29,229 30,440 — 59,561 Selling, general and administrative expenses 1,196 15,275 19,450 — 35,921 Research and development expenses 240 986 1,651 — 2,877 Royalty expense 253 1,513 897 — 2,663 (Loss) income from operations (1,797 ) 11,455 8,442 — 18,100 Interest expense (6,813 ) — (705 ) — (7,518 ) Intercompany interest income (expense) 624 1,013 (1,637 ) — — Foreign exchange loss — (8 ) (4,424 ) — (4,432 ) Other income (expense) 5,669 (165 ) 2,246 — 7,750 (Loss) income before income taxes (2,317 ) 12,295 3,922 — 13,900 (Benefit) provision for income taxes (10,066 ) 4,260 5,020 — (786 ) Equity in earnings of subsidiaries 6,938 — 4,337 (11,275 ) — Net income (loss) 14,687 8,035 3,239 (11,275 ) 14,686 Net loss noncontrolling interests — — (1,679 ) — (1,679 ) Net income (loss) attributable to Titan $ 14,687 $ 8,035 $ 4,918 $ (11,275 ) $ 16,365 (Amounts in thousands) Condensed Consolidating Statements of Operations For the Three Months Ended March 31, 2017 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 143,836 $ 213,665 $ — $ 357,501 Cost of sales 69 126,421 190,810 — 317,300 Gross (loss) profit (69 ) 17,415 22,855 — 40,201 Selling, general and administrative expenses 4,871 17,271 19,196 — 41,338 Research and development expenses — 903 1,940 — 2,843 Royalty expense 417 1,294 898 — 2,609 (Loss) income from operations (5,357 ) (2,053 ) 821 — (6,589 ) Interest expense (7,445 ) — (276 ) — (7,721 ) Intercompany interest income (expense) 581 — (581 ) — — Foreign exchange gain — — 4,490 4,490 Other income (loss) 1,280 (436 ) 1,833 — 2,677 (Loss) income before income taxes (10,941 ) (2,489 ) 6,287 — (7,143 ) Provision for income taxes 1,676 174 1,592 — 3,442 Equity in earnings of subsidiaries 4,976 — (4,723 ) (253 ) — Net loss (7,641 ) (2,663 ) (28 ) (253 ) (10,585 ) Net income noncontrolling interests — — 868 — 868 Net loss attributable to Titan $ (7,641 ) $ (2,663 ) $ (896 ) $ (253 ) $ (11,453 ) (Amounts in thousands) Condensed Consolidating Statements of Comprehensive Income (Loss) For the Three Months Ended March 31, 2018 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income (loss) $ 14,687 $ 8,035 $ 3,239 $ (11,275 ) $ 14,686 Currency translation adjustment 8,062 — 8,062 (8,062 ) 8,062 Pension liability adjustments, net of tax 883 646 237 (883 ) 883 Comprehensive income (loss) 23,632 8,681 11,538 (20,220 ) 23,631 Net comprehensive loss attributable to redeemable and noncontrolling interests — — (1,040 ) — (1,040 ) Comprehensive income (loss) attributable to Titan $ 23,632 $ 8,681 $ 12,578 $ (20,220 ) $ 24,671 (Amounts in thousands) Condensed Consolidating Statements of Comprehensive Income (Loss) For the Three Months Ended March 31, 2017 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net loss $ (7,641 ) $ (2,663 ) $ (28 ) $ (253 ) $ (10,585 ) Currency translation adjustment 11,019 — 11,019 (11,019 ) 11,019 Pension liability adjustments, net of tax 733 625 108 (733 ) 733 Comprehensive income (loss) 4,111 (2,038 ) 11,099 (12,005 ) 1,167 Net comprehensive income attributable to redeemable and noncontrolling interests — — 2,783 — 2,783 Comprehensive income (loss) attributable to Titan $ 4,111 $ (2,038 ) $ 8,316 $ (12,005 ) $ (1,616 ) (Amounts in thousands) Condensed Consolidating Balance Sheets March 31, 2018 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Assets Cash and cash equivalents $ 45,883 $ 9 $ 66,537 $ — $ 112,429 Accounts receivable, net — 80,597 213,908 — 294,505 Inventories — 104,758 263,677 — 368,435 Prepaid and other current assets 16,900 19,779 38,882 — 75,561 Total current assets 62,783 205,143 583,004 — 850,930 Property, plant and equipment, net 1,451 106,681 309,294 — 417,426 Investment in subsidiaries 753,962 — 78,214 (832,176 ) — Other assets 6,525 919 77,255 — 84,699 Total assets $ 824,721 $ 312,743 $ 1,047,767 $ (832,176 ) $ 1,353,055 Liabilities and Equity Short-term debt $ — $ — $ 55,171 $ — $ 55,171 Accounts payable 1,668 28,160 198,126 — 227,954 Other current liabilities 32,856 31,416 66,012 — 130,284 Total current liabilities 34,524 59,576 319,309 — 413,409 Long-term debt 394,490 — 13,118 — 407,608 Other long-term liabilities 9,424 15,525 59,675 — 84,624 Intercompany accounts 34,483 (272,561 ) 238,078 — — Redeemable noncontrolling interest — — 115,369 — 115,369 Titan shareholders' equity 351,800 510,203 313,425 (832,176 ) 343,252 Noncontrolling interests — — (11,207 ) — (11,207 ) Total liabilities and equity $ 824,721 $ 312,743 $ 1,047,767 $ (832,176 ) $ 1,353,055 (Amounts in thousands) Condensed Consolidating 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, net — 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 assets 6,389 967 78,315 — 85,671 Total assets $ 853,161 $ 282,412 $ 995,319 $ (840,780 ) $ 1,290,112 Liabilities and 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 shareholders' equity 329,477 501,522 330,710 (840,780 ) 320,929 Noncontrolling interests — — (10,845 ) — (10,845 ) Total liabilities and equity $ 853,161 $ 282,412 $ 995,319 $ (840,780 ) $ 1,290,112 (Amounts in thousands) Condensed Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2018 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidated Net cash (used for) provided by operating activities $ (13,778 ) $ 1,375 $ (23,280 ) $ (35,683 ) Cash flows from investing activities: Capital expenditures — (1,380 ) (6,427 ) (7,807 ) Other, net 220 1 573 794 Net cash provided by (used for) investing activities 220 (1,379 ) (5,854 ) (7,013 ) Cash flows from financing activities: Proceeds from borrowings — — 16,480 16,480 Payment on debt — — (5,720 ) (5,720 ) Dividends paid (299 ) — — (299 ) Net cash (used for) provided by financing activities (299 ) — 10,760 10,461 Effect of exchange rate change on cash — — 1,094 1,094 Net decrease in cash and cash equivalents (13,857 ) (4 ) (17,280 ) (31,141 ) Cash and cash equivalents, beginning of period 59,740 13 83,817 143,570 Cash and cash equivalents, end of period $ 45,883 $ 9 $ 66,537 $ 112,429 (Amounts in thousands) Condensed Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2017 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidated Net cash (used for) provided by operating activities $ (10,008 ) $ 1,541 $ (6,072 ) $ (14,539 ) Cash flows from investing activities: Capital expenditures (358 ) (1,588 ) (6,443 ) (8,389 ) Other, net — 47 527 574 Net cash used for investing activities (358 ) (1,541 ) (5,916 ) (7,815 ) Cash flows from financing activities: Proceeds from borrowings — — 14,635 14,635 Payment on debt (3,393 ) — (6,823 ) (10,216 ) Dividends paid (271 ) — — (271 ) Net cash (used for) provided by financing activities (3,664 ) — 7,812 4,148 Effect of exchange rate change on cash — — 1,537 1,537 Net decrease in cash and cash equivalents (14,030 ) — (2,639 ) (16,669 ) Cash and cash equivalents, beginning of period 86,190 9 61,628 147,827 Cash and cash equivalents, end of period $ 72,160 $ 9 $ 58,989 $ 131,158

ACCOUNTING POLICIES (Policies)

ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Fair value of financial instruments	Fair value of financial instruments The Company records all financial instruments, including cash and cash equivalents, accounts receivable, notes receivable, accounts payable, other accruals, and notes payable at cost, which approximates fair value due to their short term or stated rates. Investments in marketable equity securities are recorded at fair value. The 6.5% senior secured notes due 2023 (senior secured notes) were carried at cost of $394.5 million at March 31, 2018 . The fair value of the senior secured notes at March 31, 2018 , as obtained through an independent pricing source, was approximately $412.0 million
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Adoption of new accounting standards The Company adopted FASB Accounting Standards Codification (ASC) Topic 606, "Revenue from Contracts with Customers" (the New Revenue Standard), effective January 1, 2018, using the modified retrospective approach. ASC 606 prescribes that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance provides a five-step process to achieve that core principle: • Identify the contract(s) with a customer • Identify the performance obligations • Determine the transaction price • Allocate the transaction price • Recognize revenue when the performance obligations are met The Company compared its current revenue recognition policies to the requirements of the New Revenue Standard. Titan recognizes revenue when the performance obligations specified in the Company's contracts have been satisfied. Titan's contracts typically contain a single performance obligation that is fulfilled on the date of delivery based on shipping terms stipulated in the contract. As of March 31, 2018, none of the Company's contracts contained a financing option and Titan did not have any contract assets or liabilities. The table below presents the cumulative effect of the adoption of the New Revenue Standard on select accounts of Titan's condensed consolidated balance sheet at March 31, 2018 (amounts in thousands): Balance at December 31, 2017 New Revenue Standard Adjustments Balance at January 1, 2018 Assets Inventories $ 339,836 $ (390 ) $ 339,446 Liabilities Other current liabilities 133,774 (513 ) 133,261 Equity Retained (deficit) earnings (44,022 ) 88 (43,934 ) Noncontrolling interests (10,845 ) 35 (10,810 ) Disaggregated Revenues The following table presents revenues disaggregated by the major markets Titan serves (amounts in thousands): Three months ended March 31, 2018 2017 Net sales Agricultural $ 194,166 $ 180,516 Earthmoving/construction 188,733 135,619 Consumer 42,483 41,366 $ 425,382 $ 357,501 The Company adopted Accounting Standards Update (ASU) No. 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost" on January 1, 2018, using the retrospective transition method. This standard changed the presentation of net periodic pension and postretirement benefit cost (net benefit cost) within the Statement of Operations. Under the previous guidance, net benefit cost was reported as an employee cost within operating income. The amendment requires the bifurcation of net benefit cost, with the service cost component to be presented with other employee compensation costs in operating income while the other components will be reported separately outside of income from operations. The adoption of this accounting standard resulted in a change in certain previously reported amounts, whereby the Company reclassed $0.5 million of non-service cost from Cost of Sales to Other Income on the Condensed Consolidated Statement of Operations for the three months ended March 31, 2017. See Note 5 - Employee Benefit Plans in Part I, Item 1 of this Form 10-Q for further discussion. In May 2017, the FASB issued ASU No. 2017-09, "Stock Compensation (Topic 718): Scope of Modification Accounting." This update provides guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. Disclosure requirements under Topic 718 remain unchanged. The Company adopted ASU 2017-09, effective as of January 1, 2018. The adoption of this guidance did not have a material effect on the Company's consolidated financial statements; no changes were made to the terms or conditions of share-based payments.
New Accounting Pronouncements, Policy [Policy Text Block]	Accounting standards issued but not yet adopted In February 2016, the FASB issued ASU No. 2016-02, "Leases (Topic 842)." This update was issued to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The primary effect of adopting the new standard will be to record assets and obligations for the Company's operating leases. The amendments in this update are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating the impact of ASU 2016-02.

ACCOUNTING POLICIES (Tables)

ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]	The Company adopted FASB Accounting Standards Codification (ASC) Topic 606, "Revenue from Contracts with Customers" (the New Revenue Standard), effective January 1, 2018, using the modified retrospective approach. ASC 606 prescribes that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance provides a five-step process to achieve that core principle: • Identify the contract(s) with a customer • Identify the performance obligations • Determine the transaction price • Allocate the transaction price • Recognize revenue when the performance obligations are met The Company compared its current revenue recognition policies to the requirements of the New Revenue Standard. Titan recognizes revenue when the performance obligations specified in the Company's contracts have been satisfied. Titan's contracts typically contain a single performance obligation that is fulfilled on the date of delivery based on shipping terms stipulated in the contract. As of March 31, 2018, none of the Company's contracts contained a financing option and Titan did not have any contract assets or liabilities. The table below presents the cumulative effect of the adoption of the New Revenue Standard on select accounts of Titan's condensed consolidated balance sheet at March 31, 2018 (amounts in thousands): Balance at December 31, 2017 New Revenue Standard Adjustments Balance at January 1, 2018 Assets Inventories $ 339,836 $ (390 ) $ 339,446 Liabilities Other current liabilities 133,774 (513 ) 133,261 Equity Retained (deficit) earnings (44,022 ) 88 (43,934 ) Noncontrolling interests (10,845 ) 35 (10,810 )
Disaggregation of Revenue [Table Text Block]	Disaggregated Revenues The following table presents revenues disaggregated by the major markets Titan serves (amounts in thousands): Three months ended March 31, 2018 2017 Net sales Agricultural $ 194,166 $ 180,516 Earthmoving/construction 188,733 135,619 Consumer 42,483 41,366 $ 425,382 $ 357,501

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	3 Months Ended
	Mar. 31, 2018
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Accounts receivable consisted of the following as of the dates set forth below (amounts in thousands): March 31, December 31, Accounts receivable $ 297,106 $ 229,677 Allowance for doubtful accounts (2,601 ) (2,974 ) Accounts receivable, net $ 294,505 $ 226,703

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Mar. 31, 2018
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories consisted of the following as of the dates set forth below (amounts in thousands): March 31, December 31, Raw material $ 91,507 $ 83,541 Work-in-process 42,326 40,525 Finished goods 234,602 215,770 $ 368,435 $ 339,836

PROPERTY, PLANT AND EQUIPMENT35

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	3 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Property, plant and equipment, net consisted of the following as of the dates set forth below (amounts in thousands): March 31, December 31, Land and improvements $ 47,548 $ 46,998 Buildings and improvements 266,586 264,078 Machinery and equipment 605,747 598,411 Tools, dies and molds 110,675 108,649 Construction-in-process 10,745 15,349 1,041,301 1,033,485 Less accumulated depreciation (623,875 ) (612,237 ) $ 417,426 $ 421,248 Depreciation on property, plant and equipment for the three months ended March 31, 2018 and 2017 , totaled $14.4 million and $13.5 million , respectively. Capital leases included in property, plant, and equipment consisted of the following as of the dates set forth below (amounts in thousands): March 31, December 31, Buildings and improvements $ 4,170 $ 4,056 Less accumulated amortization (2,385 ) (2,294 ) $ 1,785 $ 1,762 Machinery and equipment $ 33,443 $ 32,379 Less accumulated amortization (28,039 ) (27,260 ) $ 5,404 $ 5,119

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	3 Months Ended
	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill [Table Text Block]	The components of intangible assets consisted of the following as of the dates set forth below (amounts in thousands): Weighted Average Useful Lives (in years) March 31, 2018 March 31, December 31, Amortizable intangible assets: Customer relationships 9.4 $ 14,237 $ 13,922 Patents, trademarks and other 7.4 15,288 15,208 Total at cost 29,525 29,130 Less accumulated amortization (15,006 ) (13,855 ) $ 14,519 $ 15,275
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	The estimated aggregate amortization expense at March 31, 2018 , for each of the years (or other periods) set forth below was as follows (amounts in thousands): April 1 - December 31, 2018 $ 1,775 2019 2,306 2020 2,285 2021 1,494 2022 1,067 Thereafter 5,592 $ 14,519

WARRANTY (Tables)

WARRANTY (Tables)	3 Months Ended
	Mar. 31, 2018
Product Warranties Disclosures [Abstract]
Schedule of Product Warranty Liability [Table Text Block]	Changes in the warranty liability consisted of the following (amounts in thousands): 2018 2017 Warranty liability, January 1 $ 18,612 $ 17,926 Provision for warranty liabilities 1,898 1,864 Warranty payments made (1,336 ) (1,589 ) Warranty liability, March 31 $ 19,174 $ 18,201

REVOLVING CREDIT FACILITY AND38

REVOLVING CREDIT FACILITY AND LONG-TERM DEBT (Tables)	3 Months Ended
	Mar. 31, 2018
Debt Instrument [Line Items]
Schedule of Long-term Debt Instruments [Table Text Block]	Long-term debt consisted of the following as of the dates set forth below (amounts in thousands): March 31, 2018 Principal Balance Unamortized Debt Issuance Net Carrying Amount 6.50% senior secured notes due 2023 $ 400,000 $ (5,509 ) $ 394,491 Titan Europe credit facilities 32,485 — 32,485 Other debt 35,032 — 35,032 Capital leases 771 — 771 Total debt 468,288 (5,509 ) 462,779 Less amounts due within one year 55,171 — 55,171 Total long-term debt $ 413,117 $ (5,509 ) $ 407,608 December 31, 2017 Principal Balance Unamortized Debt Issuance Net Carrying Amount 6.50% senior secured notes due 2023 $ 400,000 $ (5,716 ) $ 394,284 Titan Europe credit facilities 33,485 — 33,485 Other debt 22,564 — 22,564 Capital leases 489 — 489 Total debt 456,538 (5,716 ) 450,822 Less amounts due within one year 43,651 — 43,651 Total long-term debt $ 412,887 $ (5,716 ) $ 407,171
Schedule of Maturities of Long-term Debt [Table Text Block]	Aggregate principal maturities of long-term debt at March 31, 2018 , for each of the years (or other periods) set forth below were as follows (amounts in thousands): April 1 - December 31, 2018 $ 24,141 2019 39,371 2020 3,379 2021 715 2022 275 Thereafter 400,407 $ 468,288

REDEEMABLE NONCONTROLLING INT39

REDEEMABLE NONCONTROLLING INTEREST (Tables)	3 Months Ended
	Mar. 31, 2018
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interest [Table Text Block]	The following is a reconciliation of redeemable noncontrolling interest as of March 31, 2018 and 2017 (amounts in thousands): 2018 2017 Balance at January 1 $ 113,193 $ 104,809 Income attributable to redeemable noncontrolling interest (515 ) 620 Currency translation 348 2,337 Redemption value adjustment 2,343 (941 ) Balance at March 31 $ 115,369 $ 106,825

LEASE COMMITMENTS (Tables)

LEASE COMMITMENTS (Tables)	3 Months Ended
	Mar. 31, 2018
Leases [Abstract]
Lessee, Operating Lease, Disclosure [Table Text Block]	At March 31, 2018 , future minimum rental commitments under noncancellable operating leases with initial terms of at least one year were as follows (amounts in thousands): April 1 - December 31, 2018 $ 5,896 2019 7,036 2020 4,649 2021 3,514 2022 2,782 Thereafter 6,099 Total future minimum lease payments $ 29,976
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]	At March 31, 2018 , the Company had assets held as capital leases with a net book value of $7.2 million included in property, plant and equipment. At March 31, 2018 , total future capital lease obligations relating to these leases were as follows (amounts in thousands): April 1 - December 31, 2018 $ 192 2019 351 2020 67 2021 47 2022 50 Thereafter 61 Total future capital lease obligation payments 768 Less amount representing interest (5 ) Present value of future capital lease obligation payments $ 763

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	3 Months Ended
	Mar. 31, 2018
Retirement Benefits [Abstract]
Schedule of Defined Benefit Plans Disclosures [Table Text Block]	The components of net periodic pension cost consisted of the following for the periods set forth below (amounts in thousands): Three months ended March 31, 2018 2017 Service cost $ 137 $ 225 Interest cost 1,083 1,171 Expected return on assets (1,492 ) (1,369 ) Amortization of unrecognized prior service cost 50 34 Amortization of net unrecognized loss 676 674 Net periodic pension cost $ 454 $ 735

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	3 Months Ended
	Mar. 31, 2018
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net [Abstract]
Schedule of Variable Interest Entities [Table Text Block]	The following table summarizes the carrying amount of the entities’ assets and liabilities included in the Company’s Condensed Consolidated Balance Sheets at March 31, 2018 , and December 31, 2017 (amounts in thousands): March 31, December 31, 2017 Cash and cash equivalents $ 7,652 $ 10,621 Inventory 17,671 13,494 Other current assets 50,135 36,334 Property, plant and equipment, net 33,686 33,717 Other noncurrent assets 4,431 4,250 Total assets $ 113,575 $ 98,416 Current liabilities $ 47,390 $ 32,172 Noncurrent liabilities 8,555 8,291 Total liabilities $ 55,945 $ 40,463 All assets in the above table can only be used to settle obligations of the consolidated VIE to which the respective assets relate. Liabilities are nonrecourse obligations. Amounts presented in the table above are adjusted for intercompany eliminations. The Company holds a variable interest in certain VIEs which are not consolidated because Titan is not the primary beneficiary. The Company's involvement with these entities is in the form of direct equity interests and prepayments and purchases of materials. The maximum exposure to loss represents the loss of assets recognized by Titan relating to non-consolidated entities and amounts due to the non-consolidated assets. The assets and liabilities recognized in Titan's Condensed Consolidated Balance Sheets related to Titan's interest in these non-consolidated VIEs and the Company's maximum exposure to loss relating to non-consolidated VIEs as of the dates set forth below were as follows (amounts in thousands): March 31, December 31, 2017 Investments $ 3,834 $ 3,823 Other current assets 1,316 1,261 Total VIE assets 5,150 5,084 Accounts payable 1,264 1,413 Maximum exposure to loss $ 6,414 $ 6,497

OTHER INCOME (Tables)

OTHER INCOME (Tables)	3 Months Ended
	Mar. 31, 2018
Other Income and Expenses [Abstract]
Other Income [Table Text Block]	Other income consisted of the following for the periods set forth below (amounts in thousands): Three months ended March 31, 2018 2017 Equity investment income $ 1,116 $ 810 Interest income 617 973 Building rental income 578 600 Gain (loss) on sale of assets 181 (262 ) Discount amortization on prepaid royalty 172 328 Investment gain related to investments for deferred compensation 121 850 Other income (expense) 4,965 (622 ) $ 7,750 $ 2,677

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Earnings per share (EPS) were as follows for the periods presented below (amounts in thousands, except per share data): Three months ended March 31, 2018 2017 Net income (loss) attributable to Titan $ 16,365 $ (11,453 ) Redemption value adjustment (2,343 ) 941 Net income (loss) applicable to common shareholders $ 14,022 $ (10,512 ) Determination of shares: Weighted average shares outstanding (basic) 59,711 58,572 Effect of stock options/trusts 166 — Weighted average shares outstanding (diluted) 59,876 58,572 Earnings per share: Basic and diluted 0.23 (0.18 )

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Reporting Information [Line Items]
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	he table below presents information about certain operating results, separated by market segments, for each of the three months ended March 31, 2018 and 2017 (amounts in thousands): Three months ended March 31, 2018 2017 Net sales Agricultural $ 194,166 $ 180,516 Earthmoving/construction 188,733 135,619 Consumer 42,483 41,366 $ 425,382 $ 357,501 Gross profit Agricultural $ 29,961 $ 21,879 Earthmoving/construction 22,462 12,898 Consumer 7,138 5,424 $ 59,561 $ 40,201 Income (loss) from operations Agricultural $ 21,321 $ 12,746 Earthmoving/construction 9,953 1,062 Consumer 3,947 1,514 Corporate & Unallocated (17,121 ) (21,911 ) Income (loss) from operations 18,100 (6,589 ) Interest expense (7,518 ) (7,721 ) Foreign exchange (loss) gain (4,432 ) 4,490 Other income, net 7,750 2,677 Income (loss) before income taxes $ 13,900 $ (7,143 )
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Assets by segment were as follows as of the dates set forth below (amounts in thousands): March 31, December 31, Total assets Agricultural $ 514,093 $ 444,783 Earthmoving/construction 561,926 537,855 Consumer 143,624 157,133 Corporate & Unallocated 133,412 150,341 $ 1,353,055 $ 1,290,112

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value, Measurement Inputs, Disclosure [Table Text Block]	Assets and liabilities measured at fair value on a recurring basis consisted of the following as of the dates set forth below (amounts in thousands): March 31, 2018 December 31, 2017 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Contractual obligation investments $ 12,514 $ 12,514 $ — $ — $ 12,393 $ 12,393 $ — $ — Derivative financial instruments asset 208 — 208 — 458 — 458 — Preferred stock 124 — — 124 154 — — 154 Total $ 12,846 $ 12,514 $ 208 $ 124 $ 13,005 $ 12,393 $ 458 $ 154
Fair Value, Assets and Liabilities Measured on Recurring Basis, Gain (Loss) Included in Earnings [Table Text Block]	The following table presents the changes, during the three months ended March 31, 2018, in Titan's Level 3 investments that are measured at fair value on a recurring basis (amounts in thousands): Preferred stock Balance at December 31, 2017 $ 154 Total unrealized losses (30 ) Balance as of March 31, 2018 $ 124

ACCUMULATED OTHER COMPREHENSI47

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	3 Months Ended
	Mar. 31, 2018
Stockholders' Equity Note [Abstract]
Schedule of Accumulated Other Comprehensive Loss	Accumulated other comprehensive loss consisted of the following (amounts in thousands): Currency Translation Adjustments Unrecognized Losses and Prior Service Cost Total Balance at January 1, 2018 $ (132,949 ) $ (24,127 ) $ (157,076 ) Currency translation adjustments 7,423 — 7,423 Defined benefit pension plan entries: Amortization of unrecognized losses and prior service cost, net of tax of $(54) — 883 883 Balance at March 31, 2018 $ (125,526 ) $ (23,244 ) $ (148,770 )

SUBSIDIARY GUARANTOR FINANCIA48

SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed Income Statement [Table Text Block]	(Amounts in thousands) Condensed Consolidating Statements of Operations For the Three Months Ended March 31, 2018 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 170,759 $ 254,623 $ — $ 425,382 Cost of sales 108 141,530 224,183 — 365,821 Gross (loss) profit (108 ) 29,229 30,440 — 59,561 Selling, general and administrative expenses 1,196 15,275 19,450 — 35,921 Research and development expenses 240 986 1,651 — 2,877 Royalty expense 253 1,513 897 — 2,663 (Loss) income from operations (1,797 ) 11,455 8,442 — 18,100 Interest expense (6,813 ) — (705 ) — (7,518 ) Intercompany interest income (expense) 624 1,013 (1,637 ) — — Foreign exchange loss — (8 ) (4,424 ) — (4,432 ) Other income (expense) 5,669 (165 ) 2,246 — 7,750 (Loss) income before income taxes (2,317 ) 12,295 3,922 — 13,900 (Benefit) provision for income taxes (10,066 ) 4,260 5,020 — (786 ) Equity in earnings of subsidiaries 6,938 — 4,337 (11,275 ) — Net income (loss) 14,687 8,035 3,239 (11,275 ) 14,686 Net loss noncontrolling interests — — (1,679 ) — (1,679 ) Net income (loss) attributable to Titan $ 14,687 $ 8,035 $ 4,918 $ (11,275 ) $ 16,365 (Amounts in thousands) Condensed Consolidating Statements of Operations For the Three Months Ended March 31, 2017 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 143,836 $ 213,665 $ — $ 357,501 Cost of sales 69 126,421 190,810 — 317,300 Gross (loss) profit (69 ) 17,415 22,855 — 40,201 Selling, general and administrative expenses 4,871 17,271 19,196 — 41,338 Research and development expenses — 903 1,940 — 2,843 Royalty expense 417 1,294 898 — 2,609 (Loss) income from operations (5,357 ) (2,053 ) 821 — (6,589 ) Interest expense (7,445 ) — (276 ) — (7,721 ) Intercompany interest income (expense) 581 — (581 ) — — Foreign exchange gain — — 4,490 4,490 Other income (loss) 1,280 (436 ) 1,833 — 2,677 (Loss) income before income taxes (10,941 ) (2,489 ) 6,287 — (7,143 ) Provision for income taxes 1,676 174 1,592 — 3,442 Equity in earnings of subsidiaries 4,976 — (4,723 ) (253 ) — Net loss (7,641 ) (2,663 ) (28 ) (253 ) (10,585 ) Net income noncontrolling interests — — 868 — 868 Net loss attributable to Titan $ (7,641 ) $ (2,663 ) $ (896 ) $ (253 ) $ (11,453 )
Condensed Statement of Comprehensive Income [Table Text Block]	(Amounts in thousands) Condensed Consolidating Statements of Comprehensive Income (Loss) For the Three Months Ended March 31, 2018 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net income (loss) $ 14,687 $ 8,035 $ 3,239 $ (11,275 ) $ 14,686 Currency translation adjustment 8,062 — 8,062 (8,062 ) 8,062 Pension liability adjustments, net of tax 883 646 237 (883 ) 883 Comprehensive income (loss) 23,632 8,681 11,538 (20,220 ) 23,631 Net comprehensive loss attributable to redeemable and noncontrolling interests — — (1,040 ) — (1,040 ) Comprehensive income (loss) attributable to Titan $ 23,632 $ 8,681 $ 12,578 $ (20,220 ) $ 24,671 (Amounts in thousands) Condensed Consolidating Statements of Comprehensive Income (Loss) For the Three Months Ended March 31, 2017 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net loss $ (7,641 ) $ (2,663 ) $ (28 ) $ (253 ) $ (10,585 ) Currency translation adjustment 11,019 — 11,019 (11,019 ) 11,019 Pension liability adjustments, net of tax 733 625 108 (733 ) 733 Comprehensive income (loss) 4,111 (2,038 ) 11,099 (12,005 ) 1,167 Net comprehensive income attributable to redeemable and noncontrolling interests — — 2,783 — 2,783 Comprehensive income (loss) attributable to Titan $ 4,111 $ (2,038 ) $ 8,316 $ (12,005 ) $ (1,616 )
Condensed Balance Sheet [Table Text Block]	(Amounts in thousands) Condensed Consolidating Balance Sheets March 31, 2018 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Assets Cash and cash equivalents $ 45,883 $ 9 $ 66,537 $ — $ 112,429 Accounts receivable, net — 80,597 213,908 — 294,505 Inventories — 104,758 263,677 — 368,435 Prepaid and other current assets 16,900 19,779 38,882 — 75,561 Total current assets 62,783 205,143 583,004 — 850,930 Property, plant and equipment, net 1,451 106,681 309,294 — 417,426 Investment in subsidiaries 753,962 — 78,214 (832,176 ) — Other assets 6,525 919 77,255 — 84,699 Total assets $ 824,721 $ 312,743 $ 1,047,767 $ (832,176 ) $ 1,353,055 Liabilities and Equity Short-term debt $ — $ — $ 55,171 $ — $ 55,171 Accounts payable 1,668 28,160 198,126 — 227,954 Other current liabilities 32,856 31,416 66,012 — 130,284 Total current liabilities 34,524 59,576 319,309 — 413,409 Long-term debt 394,490 — 13,118 — 407,608 Other long-term liabilities 9,424 15,525 59,675 — 84,624 Intercompany accounts 34,483 (272,561 ) 238,078 — — Redeemable noncontrolling interest — — 115,369 — 115,369 Titan shareholders' equity 351,800 510,203 313,425 (832,176 ) 343,252 Noncontrolling interests — — (11,207 ) — (11,207 ) Total liabilities and equity $ 824,721 $ 312,743 $ 1,047,767 $ (832,176 ) $ 1,353,055 (Amounts in thousands) Condensed Consolidating 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, net — 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 assets 6,389 967 78,315 — 85,671 Total assets $ 853,161 $ 282,412 $ 995,319 $ (840,780 ) $ 1,290,112 Liabilities and 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 shareholders' equity 329,477 501,522 330,710 (840,780 ) 320,929 Noncontrolling interests — — (10,845 ) — (10,845 ) Total liabilities and equity $ 853,161 $ 282,412 $ 995,319 $ (840,780 ) $ 1,290,112
Condensed Cash Flow Statement [Table Text Block]	(Amounts in thousands) Condensed Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2018 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidated Net cash (used for) provided by operating activities $ (13,778 ) $ 1,375 $ (23,280 ) $ (35,683 ) Cash flows from investing activities: Capital expenditures — (1,380 ) (6,427 ) (7,807 ) Other, net 220 1 573 794 Net cash provided by (used for) investing activities 220 (1,379 ) (5,854 ) (7,013 ) Cash flows from financing activities: Proceeds from borrowings — — 16,480 16,480 Payment on debt — — (5,720 ) (5,720 ) Dividends paid (299 ) — — (299 ) Net cash (used for) provided by financing activities (299 ) — 10,760 10,461 Effect of exchange rate change on cash — — 1,094 1,094 Net decrease in cash and cash equivalents (13,857 ) (4 ) (17,280 ) (31,141 ) Cash and cash equivalents, beginning of period 59,740 13 83,817 143,570 Cash and cash equivalents, end of period $ 45,883 $ 9 $ 66,537 $ 112,429 (Amounts in thousands) Condensed Consolidating Statements of Cash Flows For the Three Months Ended March 31, 2017 Titan Intl., Inc. (Parent) Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidated Net cash (used for) provided by operating activities $ (10,008 ) $ 1,541 $ (6,072 ) $ (14,539 ) Cash flows from investing activities: Capital expenditures (358 ) (1,588 ) (6,443 ) (8,389 ) Other, net — 47 527 574 Net cash used for investing activities (358 ) (1,541 ) (5,916 ) (7,815 ) Cash flows from financing activities: Proceeds from borrowings — — 14,635 14,635 Payment on debt (3,393 ) — (6,823 ) (10,216 ) Dividends paid (271 ) — — (271 ) Net cash (used for) provided by financing activities (3,664 ) — 7,812 4,148 Effect of exchange rate change on cash — — 1,537 1,537 Net decrease in cash and cash equivalents (14,030 ) — (2,639 ) (16,669 ) Cash and cash equivalents, beginning of period 86,190 9 61,628 147,827 Cash and cash equivalents, end of period $ 72,160 $ 9 $ 58,989 $ 131,158

ACCOUNTING POLICIES (Details)

ACCOUNTING POLICIES (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Jan. 01, 2018	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	$ 123
Long-term Debt	$ 394,500
Common Stock, Dividends, Per Share, Declared	$ 0.005	$ 0.005
Inventory, Net	$ 368,435		$ 339,446	$ 339,836
Other current liabilities	130,284		133,261	133,774
Retained Earnings (Accumulated Deficit)	(27,868)		(43,934)	(44,022)
Stockholders' Equity Attributable to Noncontrolling Interest	(11,207)		$ (10,810)	(10,845)
Debt Instrument, Fair Value Disclosure	$ 412,000
Senior Secured Notes 6.50 Percent [Member] [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	6.50%
Operating Segments [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	$ 425,382	$ 357,501
Operating Segments [Member] | Agricultural [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	194,166	180,516
Operating Segments [Member] | Earthmoving/construction [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	188,733	135,619
Operating Segments [Member] | Consumer [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	42,483	$ 41,366
Adjustments for New Accounting Pronouncement [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	$ 500
Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Inventory, Net				(390)
Other current liabilities				(513)
Retained Earnings (Accumulated Deficit)				88
Stockholders' Equity Attributable to Noncontrolling Interest				$ 35

ACCOUNTS RECEIVABLE (Details)

ACCOUNTS RECEIVABLE (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Receivables [Abstract]
Accounts receivable	$ 297,106	$ 229,677
Allowance for doubtful accounts	2,601	2,974
Accounts receivable, net	$ 294,505	$ 226,703

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Inventory Disclosure [Abstract]
Raw material	$ 91,507	$ 83,541
Work-in-process	42,326	40,525
Finished goods	234,602	215,770
Inventory, Gross	$ 368,435	$ 339,836

PROPERTY, PLANT AND EQUIPMENT52

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 1,041,301		$ 1,033,485
Less accumulated depreciation	(623,875)		(612,237)
Property, Plant and Equipment, Net	417,426		421,248
Depreciation	14,400	$ 13,500
Capital Leases, Balance Sheet, Assets by Major Class, Net	7,200
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	47,548		46,998
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	266,586		264,078
Capital Leased Assets, Gross	4,170		4,056
Capital Leases, Lessee Balance Sheet, Assets by Major Class, Accumulated Depreciation	(2,385)		(2,294)
Capital Leases, Balance Sheet, Assets by Major Class, Net	1,785		1,762
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	605,747		598,411
Capital Leased Assets, Gross	33,443		32,379
Capital Leases, Lessee Balance Sheet, Assets by Major Class, Accumulated Depreciation	(28,039)		(27,260)
Capital Leases, Balance Sheet, Assets by Major Class, Net	5,404		5,119
Tools, Dies and Molds [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	110,675		108,649
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 10,745		$ 15,349

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	9 years 4 months 24 days
Finite-Lived Customer Relationships, Gross	$ 14,237	$ 13,922
Finite-Lived Intangible Asset, Useful Life	7 years 4 months 24 days
Finite-Lived Trademarks, Gross	$ 15,288	15,208
Finite-Lived Intangible Assets, Gross	29,525	29,130
Finite-Lived Intangible Assets, Accumulated Amortization	(15,006)	(13,855)
Intangible Assets, Net (Excluding Goodwill)	14,519	$ 15,275
Amortization of Intangible Assets	700
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
April 1 - December 31, 2018	1,775
2,019	2,306
2,020	2,285
2,021	1,494
2,022	1,067
Thereafter	$ 5,592

WARRANTY (Details)

WARRANTY (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Product Warranty Liability [Line Items]
Warranty liability at January 1	$ 18,612	$ 17,926
Provision for warranty liabilities	1,898	1,864
Warranty payments made	(1,336)	(1,589)
Warranty liability at March 31	$ 19,174	$ 18,201

REVOLVING CREDIT FACILITY AND55

REVOLVING CREDIT FACILITY AND LONG-TERM DEBT (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Debt Instruments [Abstract]
6.50% senior secured notes due 2023	$ 394,500
Capital leases	771	$ 489
Long-term Debt and Capital Lease Obligations, Including Current Maturities	462,779	450,822
Short-term debt	55,171	43,651
Long-term debt	407,608	407,171
Debt Instrument, Unamortized Discount	(5,509)	(5,716)
Debt Instrument, Unamortized Discount, Noncurrent	0	0
Debt Instrument, Unamortized Discount, Current	0	$ 0
Debt Instrument, Unamortized Discount (Premium), Net	(5,509)
Maturities of Long-term Debt [Abstract]
April 1 - December 31, 2018	24,141
2,019	39,371
2,020	3,379
2,021	715
2,022	275
Thereafter	400,407
Line of Credit Facility, Maximum Borrowing Capacity	75,000
Letters of Credit Outstanding, Amount	12,500
Line of Credit Facility, Current Borrowing Capacity	$ 62,500
Senior Secured Notes 6.50 Percent [Member] [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage		6.79%
Maturities of Long-term Debt [Abstract]
Debt Instrument, Interest Rate, Stated Percentage	6.50%
Senior Secured Notes 6.875 Percent [Member]
Debt Instruments [Abstract]
6.50% senior secured notes due 2023	$ 400,000	$ 400,000
Long-term Debt	394,491	394,284
Debt Instrument, Unamortized Discount	(5,509)	(5,716)
Titan Europe [Member]
Debt Instruments [Abstract]
Other Borrowings	32,485	33,485
Debt Instrument, Unamortized Discount, Noncurrent	$ 0	0
Titan Europe [Member] | Minimum [Member]
Maturities of Long-term Debt [Abstract]
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Titan Europe [Member] | Maximum [Member]
Maturities of Long-term Debt [Abstract]
Debt Instrument, Interest Rate, Stated Percentage	6.90%
Other Debt Obligations [Member]
Debt Instruments [Abstract]
Other debt	$ 35,032	22,564
Debt Instrument, Unamortized Discount, Noncurrent	0	0
Titan Brazil [Member]
Debt Instruments [Abstract]
Other debt	5,800
Voltyre-Prom [Member]
Debt Instruments [Abstract]
Other debt	29,200
Long-term Debt [Member]
Debt Instruments [Abstract]
Long-term Debt and Capital Lease Obligations, Including Current Maturities	468,288	456,538
Long-term debt	$ 413,117	412,887
Accounting Standards Update 2015-03 [Member]
Debt Instruments [Abstract]
Debt Instrument, Unamortized Discount (Premium), Net		$ (5,716)

DERIVATIVE FINANCIAL INSTRUME56

DERIVATIVE FINANCIAL INSTRUMENTS (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative, Gain (Loss) on Derivative, Net	$ 0.3

REDEEMABLE NONCONTROLLING INT57

REDEEMABLE NONCONTROLLING INTEREST (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Redeemable Noncontrolling Interest [Line Items]
Balance at January 1	$ 113,193	$ 104,809
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	(515)	620
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax, Portion Attributable to Noncontrolling Interest	348	2,337
Redemption value adjustment	2,343	(941)
Balance at March 31	115,369	$ 106,825
Additional paid-in capital [Member]
Redeemable Noncontrolling Interest [Line Items]
Redemption value adjustment	$ (2,343)

LEASE COMMITMENTS (Details)

LEASE COMMITMENTS (Details) $ in Thousands	Mar. 31, 2018USD ($)
Operating Leases, Future Minimum Payments Due [Abstract]
April 1 - December 31, 2018	$ 5,896
2,019	7,036
2,020	4,649
2,021	3,514
2,022	2,782
Thereafter	6,099
Total future minimum lease payments	29,976
Capital Leases, Balance Sheet, Assets by Major Class, Net	7,200
Capital Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
April 1 - December 31, 2018	192
2,019	351
2,020	67
2,021	47
2,022	50
Thereafter	61
Total future capital lease obligation payments	768
Less amount representing interest	(5)
Present value of future capital lease obligation payments	$ 763

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Contributions by Employer	$ 800
Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year	4,500
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	137	$ 225
Interest cost	1,083	1,171
Expected return on assets	(1,492)	(1,369)
Amortization of unrecognized prior service cost	50	34
Amortization of net unrecognized loss	676	674
Net periodic pension cost	$ 454	$ 735

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jan. 01, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Variable Interest Entity [Line Items]
Cash and Cash Equivalents, at Carrying Value	$ 112,429		$ 143,570	$ 131,158	$ 147,827
Inventories	368,435	$ 339,446	339,836
Property, Plant and Equipment, Net	417,426		421,248
Other Assets, Noncurrent	84,699		85,671
Total assets	1,353,055		1,290,112
Total current liabilities	413,409		372,922
Total liabilities	905,641		866,835
Accounts payable	227,954		195,497
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Cash and Cash Equivalents, at Carrying Value	7,652		10,621
Inventories	17,671		13,494
Other Assets, Current	50,135		36,334
Property, Plant and Equipment, Net	33,686		33,717
Other Assets, Noncurrent	4,431		4,250
Total assets	113,575		98,416
Total current liabilities	47,390		32,172
Liabilities, Noncurrent	8,555		8,291
Total liabilities	55,945		40,463
Variable Interest Entity, Not Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Other Assets, Current	1,316		1,261
Investments	3,834		3,823
Total VIE assets	5,150		5,084
Accounts payable	1,264		1,413
Maximum exposure to loss	$ 6,414		$ 6,497

ROYALTY EXPENSE (Details)

ROYALTY EXPENSE (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Other Income and Expenses [Abstract]
Royalty expense	$ 2,663	$ 2,609

OTHER INCOME (Details)

OTHER INCOME (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Other Income and Expenses [Abstract]
Equity investment income	$ 1,116	$ 810
Interest income	617	973
Building rental income	578	600
Gain (loss) on sale of assets	181	(262)
Discount amortization on prepaid royalty	172	328
Investment gain related to investments for deferred compensation	121	850
Other income (expense)	4,965	(622)
Nonoperating Income (Expense)	$ 7,750	$ 2,677

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Income Tax Disclosure [Abstract]
(Benefit) provision for income taxes	$ (786)	$ 3,442
Effective Income Tax Rate, Continuing Operations	(6.00%)	(48.00%)
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%		35.00%

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income (loss) attributable to Titan	$ 16,365	$ (11,453)
Redemption value adjustment	(2,343)	941
Net income (loss) applicable to common shareholders	$ 14,022	$ (10,512)
Weighted Average Number of Shares Outstanding, Basic	59,711	58,572
Effect of stock options/trusts	166	0
Weighted average shares outstanding (diluted)	59,876	58,572
Earnings Per Share, Basic and Diluted	$ 0.23	$ (0.18)
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	200
5.625% convertible senior subordinated notes [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,000

LITIGATION (Details)

LITIGATION (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2016
Loss Contingencies [Line Items]
Accrual for Environmental Loss Contingencies	$ 6,500
Accrual for Environmental Loss Contingencies, Revision in Estimates	1,050
Judicial Ruling [Member]
Loss Contingencies [Line Items]
Loss Contingency Accrual		$ 1,620
Accrual for Environmental Loss Contingencies, Revision in Estimates	5,450
Unfavorable Regulatory Action [Member]
Loss Contingencies [Line Items]
Loss Contingency Accrual	$ 5,450

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Segment Reporting Information [Line Items]
Gross profit (loss)	$ 59,561	$ 40,201
Income (loss) from operations	18,100	(6,589)
Interest expense	(7,518)	(7,721)
Foreign Currency Transaction Gain (Loss), before Tax	(4,432)	4,490
Other income, net	7,750	2,677
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	13,900	(7,143)
Assets	1,353,055		$ 1,290,112
Agricultural [Member]
Segment Reporting Information [Line Items]
Assets	514,093		444,783
Earthmoving/construction [Member]
Segment Reporting Information [Line Items]
Assets	561,926		537,855
Consumer [Member]
Segment Reporting Information [Line Items]
Assets	143,624		157,133
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues	425,382	357,501
Gross profit (loss)	59,561	40,201
Income (loss) from operations	18,100	(6,589)
Operating Segments [Member] | Agricultural [Member]
Segment Reporting Information [Line Items]
Revenues	194,166	180,516
Gross profit (loss)	29,961	21,879
Income (loss) from operations	21,321	12,746
Operating Segments [Member] | Earthmoving/construction [Member]
Segment Reporting Information [Line Items]
Revenues	188,733	135,619
Gross profit (loss)	22,462	12,898
Income (loss) from operations	9,953	1,062
Operating Segments [Member] | Consumer [Member]
Segment Reporting Information [Line Items]
Revenues	42,483	41,366
Gross profit (loss)	7,138	5,424
Income (loss) from operations	3,947	1,514
Operating Segments [Member] | Unallocated Amount to Segment [Member]
Segment Reporting Information [Line Items]
Income (loss) from operations	(17,121)	(21,911)
Unallocated Amount to Segment [Member]
Segment Reporting Information [Line Items]
Interest expense	(7,518)	(7,721)
Foreign Currency Transaction Gain (Loss), before Tax	(4,432)	4,490
Other income, net	7,750	$ 2,677
Assets	$ 133,412		$ 150,341

SEGMENT INFORMATION ASSETS (det

SEGMENT INFORMATION ASSETS (details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Assets	$ 1,353,055	$ 1,290,112
Agricultural [Member]
Segment Reporting Information [Line Items]
Assets	514,093	444,783
Earthmoving/construction [Member]
Segment Reporting Information [Line Items]
Assets	561,926	537,855
Consumer [Member]
Segment Reporting Information [Line Items]
Assets	143,624	157,133
Unallocated Amount to Segment [Member]
Segment Reporting Information [Line Items]
Assets	$ 133,412	$ 150,341

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments for contractual obligations		$ 12,514	$ 12,393
Derivative Asset		208	458
Other Assets, Fair Value Disclosure	$ 124	124	154
Assets, Fair Value Disclosure		12,846	13,005
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Preferred stock at beginning of period	154
Preferred stock at end of period	124
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments for contractual obligations		12,514	12,393
Derivative Asset		0	0
Other Assets, Fair Value Disclosure	0	0	0
Assets, Fair Value Disclosure		12,514	12,393
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Preferred stock at beginning of period	0
Preferred stock at end of period	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments for contractual obligations		0	0
Derivative Asset		208	458
Other Assets, Fair Value Disclosure	0	0	0
Assets, Fair Value Disclosure		208	458
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Preferred stock at beginning of period	0
Preferred stock at end of period	0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investments for contractual obligations		0	0
Derivative Asset		0	0
Other Assets, Fair Value Disclosure	154	124	154
Assets, Fair Value Disclosure		$ 124	$ 154
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Preferred stock at beginning of period	154
Assets, Fair Value Adjustment	(30)
Preferred stock at end of period	$ 124

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Related Party Transaction [Line Items]
Related Party Transaction, Revenues from Transactions with Related Party	$ 0.3	$ 0.5
Related Party Transaction, Due from (to) Related Party	0.2		$ 0.4
Related Party Transaction, Expenses from Transactions with Related Party	$ 0.6	0.4
Equity Method Investment, Ownership Percentage	21.40%
OTR Group [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party	$ 0.2	$ 0.1
Valuepart and Track Solutions PTY Ltd. [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Revenues from Transactions with Related Party	$ 0

ACCUMULATED OTHER COMPREHENSI70

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Stockholders' Equity Note [Abstract]
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	$ (125,526)	$ (132,949)
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax	(23,244)	(24,127)
Accumulated other comprehensive loss	(148,770)	$ (157,076)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	7,423
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), after Tax	$ 883

SUBSIDIARY GUARANTOR FINANCIA71

SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Jan. 01, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Statement [Abstract]
Net sales	$ 425,382	$ 357,501
Cost of sales	365,821	317,300
Gross profit (loss)	59,561	40,201
Selling, General and Administrative Expense	35,921	41,338
Research and Development Expense	2,877	2,843
Royalty expense	2,663	2,609
Income (loss) from operations	18,100	(6,589)
Interest expense	(7,518)	(7,721)
Intercompany Interest Expense Income	0	0
Foreign Currency Transaction Gain (Loss), before Tax	(4,432)	4,490
Other income (expense)	(7,750)	(2,677)
Income (loss) before income taxes	13,900	(7,143)
(Benefit) provision for income taxes	(786)	3,442
Equity in Net Earnings (Loss) of Subsidiaries	0	0
Net income (loss)	14,686	(10,585)
Net (loss) income attributable to noncontrolling interests	(1,679)	868
Net income (loss) attributable to Titan	16,365	(11,453)
Comprehensive Income Statement [Abstract]
Net income (loss)	14,686	(10,585)
Currency translation adjustment	8,062	11,019
Pension liability adjustments, net of tax	883	733
Comprehensive income (loss)	23,631	1,167
Net comprehensive (loss) income attributable to redeemable and noncontrolling interests	(1,040)	2,783
Comprehensive income (loss) attributable to Titan	24,671	(1,616)
Statement of Financial Position [Abstract]
Cash and cash equivalents	112,429	131,158		$ 143,570	$ 147,827
Accounts Receivable, Net, Current	294,505			226,703
Inventory, Net	368,435		$ 339,446	339,836
Prepaid Expense and Other Assets, Current	75,561			73,084
Total current assets	850,930			783,193
Property, Plant and Equipment, Net	417,426			421,248
Equity Method Investments	0			0
Other Assets, Noncurrent	84,699			85,671
Total assets	1,353,055			1,290,112
Short-term debt	55,171			43,651
Accounts payable	227,954			195,497
Other current liabilities	130,284		133,261	133,774
Total current liabilities	413,409			372,922
Long-term debt	407,608			407,171
Liabilities, Other than Long-term Debt, Noncurrent	84,624			86,742
Intercompany Accounts, Net	0			0
Redeemable noncontrolling interest	115,369	106,825		113,193	104,809
Stockholders' Equity Attributable to Parent	343,252			320,929
Stockholders' Equity Attributable to Noncontrolling Interest	(11,207)		$ (10,810)	(10,845)
Total liabilities and equity	1,353,055			1,290,112
Statement of Cash Flows [Abstract]
Net cash provided by (used for) operating activities	(35,683)	(14,539)
Capital expenditures	(7,807)	(8,389)
Payments for (Proceeds from) Other Investing Activities	794	574
Net cash provided by (used for) investing activities	(7,013)	(7,815)
Proceeds from borrowings	16,480	14,635
Repayments of Other Debt	(5,720)	(10,216)
Payments of Dividends, Common Stock	(299)	(271)
Net cash provided by (used for) financing activities	10,461	4,148
Effect of Exchange Rate on Cash and Cash Equivalents	1,094	1,537
Cash and Cash Equivalents, Period Increase (Decrease)	(31,141)	(16,669)
Cash and cash equivalents	112,429	131,158		143,570	147,827
Parent Company [Member]
Income Statement [Abstract]
Net sales	0	0
Cost of sales	108	69
Gross profit (loss)	(108)	(69)
Selling, General and Administrative Expense	1,196	4,871
Research and Development Expense	240	0
Royalty expense	253	417
Income (loss) from operations	(1,797)	(5,357)
Interest expense	(6,813)	(7,445)
Intercompany Interest Expense Income	624	581
Foreign Currency Transaction Gain (Loss), before Tax	0	0
Other income (expense)	(5,669)	(1,280)
Income (loss) before income taxes	(2,317)	(10,941)
(Benefit) provision for income taxes	(10,066)	1,676
Equity in Net Earnings (Loss) of Subsidiaries	6,938	4,976
Net income (loss)	14,687	(7,641)
Net (loss) income attributable to noncontrolling interests	0	0
Net income (loss) attributable to Titan	14,687	(7,641)
Comprehensive Income Statement [Abstract]
Net income (loss)	14,687	(7,641)
Currency translation adjustment	8,062	11,019
Pension liability adjustments, net of tax	883	733
Comprehensive income (loss)	23,632	4,111
Net comprehensive (loss) income attributable to redeemable and noncontrolling interests	0	0
Comprehensive income (loss) attributable to Titan	23,632	4,111
Statement of Financial Position [Abstract]
Cash and cash equivalents	45,883	72,160		59,740	86,190
Accounts Receivable, Net, Current	0			0
Inventory, Net	0			0
Prepaid Expense and Other Assets, Current	16,900			17,789
Total current assets	62,783			77,529
Property, Plant and Equipment, Net	1,451			2,466
Equity Method Investments	753,962			766,777
Other Assets, Noncurrent	6,525			6,389
Total assets	824,721			853,161
Short-term debt	0			0
Accounts payable	1,668			4,258
Other current liabilities	32,856			38,495
Total current liabilities	34,524			42,753
Long-term debt	394,490			394,284
Liabilities, Other than Long-term Debt, Noncurrent	9,424			11,544
Intercompany Accounts, Net	34,483			75,103
Redeemable noncontrolling interest	0			0
Stockholders' Equity Attributable to Parent	351,800			329,477
Stockholders' Equity Attributable to Noncontrolling Interest	0			0
Total liabilities and equity	824,721			853,161
Statement of Cash Flows [Abstract]
Net cash provided by (used for) operating activities	(13,778)	(10,008)
Capital expenditures	0	(358)
Payments for (Proceeds from) Other Investing Activities	220	0
Net cash provided by (used for) investing activities	220	(358)
Proceeds from borrowings	0	0
Repayments of Other Debt	0	(3,393)
Payments of Dividends, Common Stock	(299)	(271)
Net cash provided by (used for) financing activities	(299)	(3,664)
Effect of Exchange Rate on Cash and Cash Equivalents	0	0
Cash and Cash Equivalents, Period Increase (Decrease)	(13,857)	(14,030)
Cash and cash equivalents	45,883	72,160		59,740	86,190
Guarantor Subsidiaries [Member]
Income Statement [Abstract]
Net sales	170,759	143,836
Cost of sales	141,530	126,421
Gross profit (loss)	29,229	17,415
Selling, General and Administrative Expense	15,275	17,271
Research and Development Expense	986	903
Royalty expense	1,513	1,294
Income (loss) from operations	11,455	(2,053)
Interest expense	0	0
Intercompany Interest Expense Income	1,013	0
Foreign Currency Transaction Gain (Loss), before Tax	(8)	0
Other income (expense)	165	436
Income (loss) before income taxes	12,295	(2,489)
(Benefit) provision for income taxes	4,260	174
Equity in Net Earnings (Loss) of Subsidiaries	0	0
Net income (loss)	8,035	(2,663)
Net (loss) income attributable to noncontrolling interests	0	0
Net income (loss) attributable to Titan	8,035	(2,663)
Comprehensive Income Statement [Abstract]
Net income (loss)	8,035	(2,663)
Currency translation adjustment	0	0
Pension liability adjustments, net of tax	646	625
Comprehensive income (loss)	8,681	(2,038)
Net comprehensive (loss) income attributable to redeemable and noncontrolling interests	0	0
Comprehensive income (loss) attributable to Titan	8,681	(2,038)
Statement of Financial Position [Abstract]
Cash and cash equivalents	9	9		13	9
Accounts Receivable, Net, Current	80,597			54,009
Inventory, Net	104,758			96,036
Prepaid Expense and Other Assets, Current	19,779			20,917
Total current assets	205,143			170,975
Property, Plant and Equipment, Net	106,681			110,470
Equity Method Investments	0			0
Other Assets, Noncurrent	919			967
Total assets	312,743			282,412
Short-term debt	0			0
Accounts payable	28,160			20,787
Other current liabilities	31,416			30,170
Total current liabilities	59,576			50,957
Long-term debt	0			0
Liabilities, Other than Long-term Debt, Noncurrent	15,525			16,458
Intercompany Accounts, Net	(272,561)			(286,525)
Redeemable noncontrolling interest	0			0
Stockholders' Equity Attributable to Parent	510,203			501,522
Stockholders' Equity Attributable to Noncontrolling Interest	0			0
Total liabilities and equity	312,743			282,412
Statement of Cash Flows [Abstract]
Net cash provided by (used for) operating activities	1,375	1,541
Capital expenditures	(1,380)	(1,588)
Payments for (Proceeds from) Other Investing Activities	1	47
Net cash provided by (used for) investing activities	(1,379)	(1,541)
Proceeds from borrowings	0	0
Repayments of Other Debt	0	0
Payments of Dividends, Common Stock	0	0
Net cash provided by (used for) financing activities	0	0
Effect of Exchange Rate on Cash and Cash Equivalents	0	0
Cash and Cash Equivalents, Period Increase (Decrease)	(4)	0
Cash and cash equivalents	9	9		13	9
Non-Guarantor Subsidiaries [Member]
Income Statement [Abstract]
Net sales	254,623	213,665
Cost of sales	224,183	190,810
Gross profit (loss)	30,440	22,855
Selling, General and Administrative Expense	19,450	19,196
Research and Development Expense	1,651	1,940
Royalty expense	897	898
Income (loss) from operations	8,442	821
Interest expense	(705)	(276)
Intercompany Interest Expense Income	(1,637)	(581)
Foreign Currency Transaction Gain (Loss), before Tax	(4,424)	4,490
Other income (expense)	(2,246)	(1,833)
Income (loss) before income taxes	3,922	6,287
(Benefit) provision for income taxes	5,020	1,592
Equity in Net Earnings (Loss) of Subsidiaries	4,337	(4,723)
Net income (loss)	3,239	(28)
Net (loss) income attributable to noncontrolling interests	(1,679)	868
Net income (loss) attributable to Titan	4,918	(896)
Comprehensive Income Statement [Abstract]
Net income (loss)	3,239	(28)
Currency translation adjustment	8,062	11,019
Pension liability adjustments, net of tax	237	108
Comprehensive income (loss)	11,538	11,099
Net comprehensive (loss) income attributable to redeemable and noncontrolling interests	(1,040)	2,783
Comprehensive income (loss) attributable to Titan	12,578	8,316
Statement of Financial Position [Abstract]
Cash and cash equivalents	66,537	58,989		83,817	61,628
Accounts Receivable, Net, Current	213,908			172,694
Inventory, Net	263,677			243,800
Prepaid Expense and Other Assets, Current	38,882			34,378
Total current assets	583,004			534,689
Property, Plant and Equipment, Net	309,294			308,312
Equity Method Investments	78,214			74,003
Other Assets, Noncurrent	77,255			78,315
Total assets	1,047,767			995,319
Short-term debt	55,171			43,651
Accounts payable	198,126			170,452
Other current liabilities	66,012			65,109
Total current liabilities	319,309			279,212
Long-term debt	13,118			12,887
Liabilities, Other than Long-term Debt, Noncurrent	59,675			58,740
Intercompany Accounts, Net	238,078			211,422
Redeemable noncontrolling interest	115,369			113,193
Stockholders' Equity Attributable to Parent	313,425			330,710
Stockholders' Equity Attributable to Noncontrolling Interest	(11,207)			(10,845)
Total liabilities and equity	1,047,767			995,319
Statement of Cash Flows [Abstract]
Net cash provided by (used for) operating activities	(23,280)	(6,072)
Capital expenditures	(6,427)	(6,443)
Payments for (Proceeds from) Other Investing Activities	573	527
Net cash provided by (used for) investing activities	(5,854)	(5,916)
Proceeds from borrowings	16,480	14,635
Repayments of Other Debt	(5,720)	(6,823)
Payments of Dividends, Common Stock	0	0
Net cash provided by (used for) financing activities	10,760	7,812
Effect of Exchange Rate on Cash and Cash Equivalents	1,094	1,537
Cash and Cash Equivalents, Period Increase (Decrease)	(17,280)	(2,639)
Cash and cash equivalents	66,537	58,989		83,817	$ 61,628
Consolidation, Eliminations [Member]
Income Statement [Abstract]
Net sales	0	0
Cost of sales	0	0
Gross profit (loss)	0	0
Selling, General and Administrative Expense	0	0
Research and Development Expense	0	0
Royalty expense	0	0
Income (loss) from operations	0	0
Interest expense	0	0
Intercompany Interest Expense Income	0	0
Foreign Currency Transaction Gain (Loss), before Tax	0
Other income (expense)	0	0
Income (loss) before income taxes	0	0
(Benefit) provision for income taxes	0	0
Equity in Net Earnings (Loss) of Subsidiaries	(11,275)	(253)
Net income (loss)	(11,275)	(253)
Net (loss) income attributable to noncontrolling interests	0	0
Net income (loss) attributable to Titan	(11,275)	(253)
Comprehensive Income Statement [Abstract]
Net income (loss)	(11,275)	(253)
Currency translation adjustment	(8,062)	(11,019)
Pension liability adjustments, net of tax	(883)	(733)
Comprehensive income (loss)	(20,220)	(12,005)
Net comprehensive (loss) income attributable to redeemable and noncontrolling interests	0	0
Comprehensive income (loss) attributable to Titan	(20,220)	$ (12,005)
Statement of Financial Position [Abstract]
Cash and cash equivalents	0			0
Accounts Receivable, Net, Current	0			0
Inventory, Net	0			0
Prepaid Expense and Other Assets, Current	0			0
Total current assets	0			0
Property, Plant and Equipment, Net	0			0
Equity Method Investments	(832,176)			(840,780)
Other Assets, Noncurrent	0			0
Total assets	(832,176)			(840,780)
Short-term debt	0			0
Accounts payable	0			0
Other current liabilities	0			0
Total current liabilities	0			0
Long-term debt	0			0
Liabilities, Other than Long-term Debt, Noncurrent	0			0
Intercompany Accounts, Net	0			0
Redeemable noncontrolling interest	0			0
Stockholders' Equity Attributable to Parent	(832,176)			(840,780)
Stockholders' Equity Attributable to Noncontrolling Interest	0			0
Total liabilities and equity	(832,176)			(840,780)
Statement of Cash Flows [Abstract]
Cash and cash equivalents	$ 0			$ 0