Titan International (TWI) 10-Q 5 Nov 20 2020 Q3 Quarterly report Financial data

Document and Entitiy Informatio

Document and Entitiy Information - shares	9 Months Ended
	Sep. 30, 2020	Oct. 31, 2020
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	1-12936
Entity Registrant Name	TITAN INTERNATIONAL, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	36-3228472
Entity Address, Address Line One	2701 Spruce Street
Entity Address, City or Town	Quincy
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	62301
City Area Code	217
Local Phone Number	228-6011
Title of 12(b) Security	Common stock, $0.0001 par value
Trading Symbol	TWI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0000899751
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		61,376,981

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenue from Contract with Customer, Excluding Assessed Tax	$ 304,772	$ 345,905	$ 932,405	$ 1,146,876
Cost of sales	273,455	318,805	840,391	1,036,204
Asset Impairment Cost	0	0	3,586	0
Gross profit	31,317	27,100	88,428	110,672
Selling, general and administrative expenses	33,451	34,954	93,849	106,605
Research and development expenses	2,240	2,309	6,782	7,470
Royalty expense	2,434	2,453	7,309	7,507
Income (loss) from operations	(6,808)	(12,616)	(19,512)	(10,910)
Interest expense	(7,251)	(8,164)	(23,076)	(23,751)
Foreign exchange (loss) gain	(1,336)	(2,266)	(9,742)	2,218
Other income	2,283	5,066	9,111	7,490
Loss before income taxes	(13,112)	(17,980)	(43,219)	(24,953)
Provision for income taxes	342	2,064	2,377	761
Net loss	(13,454)	(20,044)	(45,596)	(25,714)
Net loss attributable to noncontrolling interests	(811)	(900)	(2,422)	(2,124)
Net loss attributable to Titan	(12,643)	(19,144)	(43,174)	(23,590)
Redemption value adjustment	0	491	0	1,928
Net loss applicable to common shareholders	$ (12,643)	$ (19,635)	$ (43,174)	$ (25,518)
Earnings per common share:
Basic	$ (0.21)	$ (0.33)	$ (0.71)	$ (0.43)
Diluted	$ (0.21)	$ (0.33)	$ (0.71)	$ (0.43)
Average common shares and equivalents outstanding:
Basic	60,926	60,161	60,630	60,037
Diluted	60,926	60,161	60,630	60,037
Dividends declared per common share:	$ 0	$ 0.005	$ 0.005	$ 0.015
Other Nonoperating Income	$ 710		$ 820

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Net loss	$ (13,454)			$ (20,044)			$ (45,596)	$ (25,714)
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), after Adjustments, Tax	(17)			0			(215)	0
Currency translation adjustment	4,275			(20,324)			(28,498)	(19,280)
Pension liability adjustments, net of tax of $110, $10, $232, and $(44), respectively	575	$ 40	$ 1,308	590	$ 538	$ 466	1,923	1,594
Comprehensive loss	(8,621)			(39,778)			(72,386)	(43,400)
Net comprehensive loss attributable to redeemable and noncontrolling interests	(1,912)			(1,213)			(4,814)	(897)
Comprehensive loss attributable to Titan	$ (6,709)			$ (38,565)			$ (67,572)	$ (42,503)

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	$ 45	$ 79	$ 65	$ 311

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 98,772	$ 66,799
Accounts receivable, net	192,764	185,238
Inventories	284,231	333,356
Assets held for sale	6,640	7,203
Prepaid and other current assets	56,008	58,869
Total current assets	638,415	651,465
Property, plant and equipment, net	324,959	367,595
Operating Lease, Right-of-Use Asset	21,936	23,914
Deferred income taxes	1,040	2,331
Other assets	29,997	69,002
Total assets	1,016,347	1,114,307
Current liabilities
Short-term debt	32,641	61,253
Accounts payable	150,879	158,647
Other current liabilities	131,734	107,253
Total current liabilities	315,254	327,153
Long-term debt	431,789	438,469
Deferred income taxes	1,774	6,672
Other long-term liabilities	73,320	78,025
Total liabilities	822,137	850,319
Redeemable noncontrolling interest	25,000	25,000
Titan stockholders' equity
Common stock ($0.0001 par value, 120,000,000 shares authorized, 61,353,590 issued at September 30, 2020 and 60,710,983 at December 31, 2019)	0	0
Additional paid-in capital	531,895	532,070
Retained deficit	(117,810)	(74,334)
Treasury stock (at cost, 89,612 and 427,771 shares, respectively)	(1,199)	(4,234)
Accumulated other comprehensive loss	(243,048)	(218,651)
Total Titan shareholders’ equity	169,838	234,851
Noncontrolling interests	(628)	4,137
Total equity	169,210	238,988
Total liabilities and equity	$ 1,016,347	$ 1,114,307

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Accounts Receivable, Allowance for Credit Loss, Current	$ 3,943	$ 3,714
Liabilities and Equity [Abstract]
Common Stock, par value	$ 0	$ 0
Common Stock, shares authorized (in shares)	120,000,000	120,000,000
Common Stock, shares issued (in shares)	61,353,590	60,710,983
Treasury Stock, shares (in shares)	89,612	427,771

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional paid-in capital [Member]	Retained earnings [Member]	Treasury stock [Member]	Accumulated other comprehensive income (loss) [Member]	Parent [Member]	Noncontrolling interest [Member]
Balance, Beginning (in shares) at Dec. 31, 2018		59,916,973
Balance, Beginning at Dec. 31, 2018	$ (270,097)		$ (519,498)	$ 29,048	$ 7,831	$ 203,571	$ (279,048)	$ 8,951
Net loss				1,977			1,977
Currency translation adjustment, net						(5,281)	(5,281)	474
Temporary Equity, Foreign Currency Translation Adjustments	(4,807)
Pension liability adjustments, net of tax	466					(466)	466
Dividends declared	(301)			(301)			(301)
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	(587)			4,346		(4,933)	(587)
Noncontrolling Interest, Period Increase (Decrease)	24,882		9,437				9,437	15,445
Redemption value adjustment	776		776				(776)
Stock-based compensation	269		269				269
VIE distributions	1,054						0	1,054
Issuance of stock under 401(k) plan		29,414
Issuance of stock under 401(k) plan	(141)		123		(264)		(141)
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest	1,341							(636)
Balance, Ending (in shares) at Mar. 31, 2019		59,946,387
Balance, Ending at Mar. 31, 2019	(289,671)		(528,305)	23,026	7,567	213,319	(284,393)	(5,278)
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	(334)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax, Portion Attributable to Noncontrolling Interest	428
Balance, Beginning (in shares) at Dec. 31, 2018		59,916,973
Balance, Beginning at Dec. 31, 2018	(270,097)		(519,498)	29,048	7,831	203,571	(279,048)	8,951
Net loss	(25,714)
Currency translation adjustment, net	(19,280)
Pension liability adjustments, net of tax	1,594
Redemption value adjustment	1,928
Balance, Ending (in shares) at Sep. 30, 2019		60,166,475
Balance, Ending at Sep. 30, 2019	(248,176)		(533,538)	49,197	6,490	233,620	(244,231)	(3,945)
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	(819)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax, Portion Attributable to Noncontrolling Interest	683
Noncontrolling Interest, Period Increase (Decrease)	(49,883)
Balance, Beginning (in shares) at Mar. 31, 2019		59,946,387
Balance, Beginning at Mar. 31, 2019	(289,671)		(528,305)	23,026	7,567	213,319	(284,393)	(5,278)
Net loss				(6,424)			(6,424)
Currency translation adjustment, net						4,785	4,785	317
Temporary Equity, Foreign Currency Translation Adjustments	5,102
Pension liability adjustments, net of tax	538					(538)	538
Dividends declared	(301)			301			(301)
Redemption value adjustment	661		661				(661)
Stock-based compensation	286		286				286
VIE distributions	450							(450)
Issuance of stock under 401(k) plan		53,983
Issuance of stock under 401(k) plan	(318)		167		(485)		(318)
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest	(6,412)							12
Balance, Ending (in shares) at Jun. 30, 2019		60,000,370
Balance, Ending at Jun. 30, 2019	(288,091)		(527,763)	29,751	7,082	207,996	(282,934)	(5,157)
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	(265)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax, Portion Attributable to Noncontrolling Interest	321
Net loss	(20,044)			(19,144)			(19,144)
Currency translation adjustment, net	(20,324)					(20,011)	(20,011)	(247)
Temporary Equity, Foreign Currency Translation Adjustments	(20,258)
Pension liability adjustments, net of tax	590					(590)	590
Dividends declared	(302)			302			(302)
Redemption value adjustment	491		491				(491)
Stock Issued During Period, Shares, Restricted Stock Award, Gross		100,118
Stock-based compensation	347		347				347
VIE distributions	285						0	(285)
Issuance of stock under 401(k) plan		65,987
Issuance of stock under 401(k) plan	(308)		284		(592)		(308)
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest	(19,824)							(680)
Balance, Ending (in shares) at Sep. 30, 2019		60,166,475
Balance, Ending at Sep. 30, 2019	(248,176)		(533,538)	49,197	6,490	233,620	(244,231)	(3,945)
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	(220)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax, Portion Attributable to Noncontrolling Interest	(66)
Noncontrolling Interest, Period Increase (Decrease)	0		6,203			(6,203)	0	0
Balance, Beginning (in shares) at Dec. 31, 2019		60,283,212
Balance, Beginning at Dec. 31, 2019	(238,988)		(532,070)	74,334	4,234	218,651	(234,851)	(4,137)
Net loss				(25,486)			(25,486)
Currency translation adjustment, net						(32,004)	(32,004)	(1,782)
Temporary Equity, Foreign Currency Translation Adjustments	(33,786)
Pension liability adjustments, net of tax	1,308					1,308	1,308
Dividends declared	(302)			(302)			(302)
Stock Issued During Period, Shares, Restricted Stock Award, Gross		2,500
Stock-based compensation	490		468		22		490
Noncontrolling Interest, Decrease from Deconsolidation	559						0	559
Issuance of stock under 401(k) plan		76,280
Issuance of stock under 401(k) plan	(282)		(282)				(282)
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest	(27,499)							(2,013)
Balance, Ending (in shares) at Mar. 31, 2020		60,361,992
Balance, Ending at Mar. 31, 2020	(178,922)		(532,820)	100,122	4,212	249,347	(179,139)	217
Balance, Beginning (in shares) at Dec. 31, 2019		60,283,212
Balance, Beginning at Dec. 31, 2019	(238,988)		(532,070)	74,334	4,234	218,651	(234,851)	(4,137)
Net loss	(45,596)
Currency translation adjustment, net	(28,498)
Pension liability adjustments, net of tax	1,923
Redemption value adjustment	0
Balance, Ending (in shares) at Sep. 30, 2020		61,263,978
Balance, Ending at Sep. 30, 2020	(169,210)		(531,895)	117,810	1,199	243,048	(169,838)	628
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax, Portion Attributable to Noncontrolling Interest	0
Noncontrolling Interest, Period Increase (Decrease)	0
Balance, Beginning (in shares) at Mar. 31, 2020		60,361,992
Balance, Beginning at Mar. 31, 2020	(178,922)		(532,820)	100,122	4,212	249,347	(179,139)	217
Net loss				(5,045)			(5,045)
Currency translation adjustment, net						523	523	491
Temporary Equity, Foreign Currency Translation Adjustments	1,014
Pension liability adjustments, net of tax	40					40	40
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax	(198)					(198)	(198)
Stock Issued During Period, Shares, Restricted Stock Award, Gross		2,500
Stock-based compensation	581		559		22		581
VIE distributions	608							608
Issuance of stock under 401(k) plan		237,802
Issuance of stock under 401(k) plan	(333)		1,802		(2,135)		(333)
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest	(4,643)							402
Balance, Ending (in shares) at Jun. 30, 2020		60,602,294
Balance, Ending at Jun. 30, 2020	(176,657)		(531,577)	105,167	2,055	248,982	(175,373)	(1,284)
Net loss	(13,454)			(12,643)			(12,643)
Currency translation adjustment, net	4,275						5,376	(1,101)
Temporary Equity, Foreign Currency Translation Adjustments	4,275
Pension liability adjustments, net of tax	575					575	575
Other Comprehensive Income (Loss), Securities, Available-for-Sale, Unrealized Holding Gain (Loss) Arising During Period, after Tax	(17)					(17)	(17)
Redemption value adjustment	0
Stock Issued During Period, Shares, Restricted Stock Award, Gross		435,558
Stock-based compensation	864		8		856		864
Issuance of stock under 401(k) plan		226,126
Issuance of stock under 401(k) plan	(310)		(310)				(310)
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest	(13,454)							(811)
Balance, Ending (in shares) at Sep. 30, 2020		61,263,978
Balance, Ending at Sep. 30, 2020	$ (169,210)		$ (531,895)	$ 117,810	$ 1,199	$ 243,048	$ (169,838)	$ 628

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net loss	$ (45,596)	$ (25,714)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	40,376	41,347
Asset Impairment Charges	3,586	0
Deferred income tax provision	(3,616)	(738)
Unrealized Gain (Loss) on Investments	703	(4,695)
Gain on property insurance settlement	4,936	0
Stock-based compensation	1,931	959
Issuance of stock under 401(k) plan	925	767
Foreign currency translation loss (gain)	9,812	(2,327)
(Increase) decrease in assets:
Accounts receivable	(22,909)	16,124
Inventories	36,664	36,920
Prepaid and other current assets	(1,133)	(3,073)
Other assets	1,198	(1,110)
Increase (decrease) in liabilities:
Accounts payable	2,351	(24,998)
Other current liabilities	28,753	3,634
Other liabilities	(678)	(5,884)
Net cash provided by operating activities	47,431	31,212
Cash flows from investing activities:
Capital expenditures	(13,350)	(26,254)
Payment related to redeemable noncontrolling interest agreement	0	(71,722)
Payments for (Proceeds from) Investments	(32,852)	0
Proceeds from Insurance Settlement, Investing Activities	4,936	0
Other	926	1,354
Net cash provided by (used for) investing activities	25,364	(96,622)
Cash flows from financing activities:
Proceeds from borrowings	85,991	124,153
Payment on debt	(116,601)	(59,296)
Dividends paid	(603)	(901)
Proceeds from (Payments for) Other Financing Activities	(2,723)
Payments of Financing Costs		0
Net cash (used for) provided by financing activities	(33,936)	63,956
Effect of exchange rate changes on cash	(6,886)	(1,628)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	31,973	(3,082)
Cash and cash equivalents, beginning of period	66,799	81,685
Cash and cash equivalents, end of period	98,772	78,603
Supplemental information:
Interest paid	16,070	18,060
Income taxes paid, net of refunds received	$ 6,861	$ 6,120

ACCOUNTING POLICIES

ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
ACCOUNTING POLICIES	Basis of presentation 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 September 30, 2020, and the results of operations and cash flows for the three months ended September 30, 2020 and 2019, 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, 2019, filed with the SEC on March 4, 2020 (the 2019 Form 10-K). 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. COVID-19 pandemic The COVID-19 pandemic continued to have an impact on the Company in the third quarter. Titan's workforce and operations have been significantly impacted as a result of government mandates in certain countries to work from home to minimize the spread of the virus. The Company’s operations were significantly curtailed during March through May 2020 in some of the countries where the Company has operations and where COVID-19 has been widespread (such as the Company’s European and Latin America locations). The Company’s operations have since resumed with additional sanitary and other protective health measures which have increased operating costs. The Company's operations may not return to historical levels in the near term, depending on the duration and severity of the COVID-19 pandemic, the length of time it takes for normal economic and operating conditions to resume, additional governmental actions that may be taken and/or extensions of time for restrictions that have been imposed to date and numerous other uncertainties. The COVID-19 pandemic affected the Company’s operations in the third quarter, and may continue to do so indefinitely thereafter. The COVID-19 pandemic has had far reaching impacts on the Company’s business, operations, and financial results and conditions, directly and indirectly, including without limitation impacts on the health of the Company’s management and employees, customer behaviors, and on the overall economy. The scope and nature of these impacts, most of which are beyond the Company’s control, continue to evolve and the outcomes are uncertain. 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 6.50% senior secured notes due 2023 (senior secured notes) were carried at a cost of $396.6 million at September 30, 2020. The fair value of the senior secured notes at September 30, 2020, as obtained through an independent pricing source, was approximately $300.3 million. Cash dividends The Company declared cash dividends of $0.005 per share of common stock for the first quarter of 2020 and for the first three quarters of 2019. The first quarter 2020 cash dividend of $0.005 per share of common stock was paid on April 15, 2020, to shareholders of record on March 31, 2020. On June 11, 2020, the Board of Directors unanimously approved the suspension of the Company’s quarterly common stock dividend until further notice. Reclassifications Certain reclassifications have been made to prior year financial statements to conform to classifications used in the current year. These reclassifications had no impact on net loss, shareholders’ equity or cash flows as previously reported. New accounting standards Recently adopted accounting standards In June 2016, the Financial Accounting Standards Board (the FASB) issued Accounting Standards Update (ASU) No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments", which amends the current accounting guidance and requires the measurement of all expected losses based on historical experience, current conditions and reasonable and supportable forecasts. For trade receivables, loans, and other financial instruments, we are required to use a forward-looking expected loss model that reflects losses that are probable rather than the incurred loss model for recognizing credit losses. The standard became effective for interim and annual periods beginning after December 15, 2019. In addition, the FASB issued ASU 2019-04, Codification Improvements to Topic 326, which provides clarity on certain aspects of the amendments in ASU 2016-13. The Company adopted this guidance prospectively on January 1, 2020 and it did not have a material effect on the Company's condensed consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, "Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement." The amendments in this update modify the disclosure requirements on fair value measurements in Topic 820, Fair Value Measurement. The amendments in this update are effective for fiscal years beginning after December 15, 2019. We adopted this ASU on January 1, 2020 and it did not have a material effect on the Company's condensed consolidated financial statements. Accounting standards issued but not yet adopted In August 2018, the FASB issued ASU No. 2018-14, "Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans." The amendments in this update modify the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. The amendments in this update are effective for fiscal years ending after December 15, 2020. The adoption of this guidance is not expected to have a material effect on the Company's condensed consolidated financial statements. In March 2020, the SEC issued a final rule that amends the disclosure requirements related to certain registered securities under SEC Regulation S-X Rule 3-10 with respect to the disclosure requirements related to issuers and guarantors of guaranteed debt securities. The final rule allows registrants to provide alternative financial disclosures in either the registrant’s MD&A or financial statements, rather than the previous requirement under Rule 3-10, which required condensed consolidating financial information within the financial statements. It also simplifies the requirements in Rule 3-10 that currently must be met for a parent company to qualify for exceptions allowing it to provide alternative disclosures rather than full audited financial statements. The final rule also reduces the periods for which summarized financial information is required to be presented to the most recent (1) annual period and (2) year-to-date interim period. The final rule applies to annual reports on Form 10-K for fiscal years ending after January 4, 2021 and quarterly reports on Form 10-Q for quarterly periods ending after January 4, 2021 and registrants may voluntarily comply with the final rule before the effective date. The Company does not expect the future adoption, which is limited to disclosures only, to have a material effect on the Company’s consolidated financial statements.

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	9 Months Ended
	Sep. 30, 2020
Receivables [Abstract]
ACCOUNTS RECEIVABLE	ACCOUNTS RECEIVABLE Accounts receivable consisted of the following (amounts in thousands): September 30, December 31, Accounts receivable $ 196,707 $ 188,952 Allowance for doubtful accounts (3,943) (3,714) Accounts receivable, net $ 192,764 $ 185,238 Accounts receivable are reduced by an allowance for doubtful accounts for estimated uncollectible accounts receivable, which is based upon historical experience and specific customer collection issues. Accounts are written off against the allowance account when they are determined to no longer be collectible.

INVENTORIES

INVENTORIES	9 Months Ended
	Sep. 30, 2020
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	INVENTORIES Inventories consisted of the following (amounts in thousands): September 30, December 31, Raw material $ 77,182 $ 83,569 Work-in-process 35,436 48,369 Finished goods 171,613 201,418 $ 284,231 $ 333,356 Inventories are valued at the lower of cost or net realizable value. Net realizable value is estimated based on current selling prices. Inventory costs are calculated using the first-in, first-out (FIFO) method or average cost method. Estimated provisions are established for slow-moving and obsolete inventory.

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	9 Months Ended
	Sep. 30, 2020
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment, net consisted of the following (amounts in thousands): September 30, December 31, Land and improvements $ 41,920 $ 44,386 Buildings and improvements 252,654 249,168 Machinery and equipment 588,497 605,205 Tools, dies and molds 104,142 113,603 Construction-in-process 12,241 16,237 999,454 1,028,599 Less accumulated depreciation (674,495) (661,004) $ 324,959 $ 367,595 Depreciation on property, plant and equipment for the nine months ended September 30, 2020 and 2019, totaled $37.7 million and $38.9 million, respectively. The Company recorded a $2.6 million asset impairment charge during the nine months ended September 30, 2020 related to certain machinery and equipment located at Titan Tire Reclamation Corporation (TTRC) in Canada as a result of market declines, which indicated the remaining book value of the equipment is more than the fair market value. In the second quarter of 2020, the Company took steps towards the finalization of the closure of its wheel operations in Saltville, Virginia, with plans for completion by the end of the fourth quarter of 2020. As a part of this process, the Company expects to incur disposal costs related to the closure but an estimated amount or range of amounts has not yet been determined. There are approximately $0.5 million of net property, plant and equipment at this location.

INTANGIBLE ASSETS

INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets Disclosure [Text Block]	INTANGIBLE ASSETS, NET The components of intangible assets consisted of the following (amounts in thousands): Weighted Average Useful Lives September 30, December 31, Amortizable intangible assets: Customer relationships 6.92 $ 12,211 $ 12,629 Patents, trademarks and other 9.45 9,884 11,598 Total at cost 22,095 24,227 Less accumulated amortization (14,484) (14,461) $ 7,611 $ 9,766 Amortization related to intangible assets for the nine months ended September 30, 2020 and 2019, totaled $1.6 million and $1.5 million, respectively. Intangible assets are included as a component of other assets in the Condensed Consolidated Balance Sheets. The estimated aggregate amortization expense at September 30, 2020, for each of the years (or other periods) set forth below was as follows (amounts in thousands): October 1 - December 31, 2020 $ 485 2021 1,305 2022 958 2023 958 2024 957 Thereafter 2,948 $ 7,611

WARRANTY

WARRANTY	9 Months Ended
	Sep. 30, 2020
Product Warranties Disclosures [Abstract]
WARRANTY COSTS	WARRANTY Changes in the warranty liability during the nine months ended September 30, 2020 and 2019, respectively, consisted of the following (amounts in thousands): 2020 2019 Warranty liability, January 1 $ 14,334 $ 16,327 Provision for warranty liabilities 4,060 3,599 Warranty payments made (4,346) (4,969) Warranty liability, September 30 $ 14,048 $ 14,957 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 years, with certain product warranties being prorated after the first year. The Company calculates a provision for warranty expense based on past warranty experience. Warranty accruals are included as a component of other current liabilities on the Condensed Consolidated Balance Sheets.

REVOLVING CREDIT FACILITY AND L

REVOLVING CREDIT FACILITY AND LONG-TERM DEBT	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
REVOLVING CREDIT FACILITY AND LONG-TERM DEBT	DEBT Long-term debt consisted of the following (amounts in thousands): September 30, 2020 Principal Balance Unamortized Debt Issuance Net Carrying Amount 6.50% senior secured notes due 2023 $ 400,000 $ (3,358) $ 396,642 Titan Europe credit facilities 47,457 — 47,457 Revolving credit facility — — — Other debt 20,331 — 20,331 Total debt 467,788 (3,358) 464,430 Less amounts due within one year 32,641 — 32,641 Total long-term debt $ 435,147 $ (3,358) $ 431,789 December 31, 2019 Principal Balance Unamortized Debt Issuance Net Carrying Amount 6.50% senior secured notes due 2023 $ 400,000 $ (4,040) $ 395,960 Titan Europe credit facilities 43,591 — 43,591 Revolving credit facility 36,000 — 36,000 Other debt 24,171 — 24,171 Total debt 503,762 (4,040) 499,722 Less amounts due within one year 61,253 — 61,253 Total long-term debt $ 442,509 $ (4,040) $ 438,469 Aggregate principal maturities of long-term debt at September 30, 2020, for each of the years (or other periods) set forth below were as follows (amounts in thousands): October 1 - December 31, 2020 $ 16,853 2021 23,207 2022 9,954 2023 410,945 2024 6,158 Thereafter 671 $ 467,788 6.50% senior secured notes due 2023 The senior secured notes are due in November 2023. Including the impact of debt issuance costs, these notes had an effective yield of 6.79% at issuance. These notes are 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. Titan Europe credit facilities The Titan Europe credit facilities include borrowings from various institutions totaling $47.5 million in aggregate principal amount at September 30, 2020. Maturity dates on this debt range from less than one year to nine years. 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 $125 million revolving credit facility with BMO Harris Bank N.A., as agent, 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 $125 million as a result of outstanding letters of credit and eligible accounts receivable and inventory balances at certain of its domestic subsidiaries. At September 30, 2020, there were no outstanding borrowings under the credit facility and $19.7 million in outstanding letters of credit, and the amount available for borrowing totaled $61.4 million. Other debt The Company has working capital loans at Titan Pneus do Brasil Ltda and Voltyre-Prom at various interest rates, which totaled $11.8 million and $6.9 million at September 30, 2020, respectively. Maturity dates on this debt range from less than one year to three years.

REDEEMABLE NONCONTROLLING INTER

REDEEMABLE NONCONTROLLING INTEREST (Notes)	9 Months Ended
	Sep. 30, 2020
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), owned 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 (Shareholders' Agreement) which was entered into in connection with the acquisition of Voltyre-Prom. The agreement contains a settlement put option which was exercisable during a six-month period beginning July 9, 2018. The settlement put option required Titan to purchase the 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 was 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. On November 14, 2018, the Company received notification of exercise of the put option from RDIF. On February 11, 2019, the Company entered into a definitive agreement (the "Agreement") with an affiliate of RDIF relating to the put option that was exercised by RDIF. The transactions contemplated by the Agreement closed on February 22, 2019. Under the terms of the Agreement, in full satisfaction of the settlement put option that was exercised by RDIF, Titan paid $25 million in cash to RDIF at the closing of the transaction, and agreed, subject to the completion of regulatory approval, to issue 4,032,259 shares of restricted Titan common stock to RDIF in a private placement. Due to pending regulatory approval, the issuance of the shares of restricted Titan common stock pursuant to the Agreement was not completed as of September 30, 2020. Immediately following the closing, RDIF continued to own the same interest in Voltyre-Prom, subject to the terms of the Agreement and the Shareholders’ Agreement. Titan has retained the right to buy back the Titan shares from RDIF for $25 million until February 12, 2022 and, if the stock buyback is consummated within the first year, at the time of such buyback, RDIF would be required to convey to Titan, based on current ownership, a 10.71% interest in Voltyre-Prom, resulting in RDIF reducing its interest in Voltyre-Prom from 35.7% to 25%. On January 8, 2019, the Company received notification of exercise of the put option from OEP. During the second quarter of 2019, the Company made a payment to OEP in the amount of $16.0 million representing the majority of the interest on the amount due to OEP with respect to the put option. On July 30, 2019, Titan Luxembourg S.à r.l. (the “Titan Purchaser”), a subsidiary of the Company, entered into a sale purchase agreement (the “OEP Agreement”) with subsidiaries of OEP, relating to the settlement put option under the Shareholders’ Agreement that was exercised by OEP. Pursuant to the terms of the OEP Agreement, on July 31, 2019, the Titan Purchaser paid to OEP $30.7 million in cash, which, together with the Titan Purchaser’s prior payment to OEP of $16.0 million during the second quarter of 2019, were made in full satisfaction of the settlement put option exercised by OEP under the Shareholders’ Agreement. Immediately following the closing, OEP ceased to have any ownership interests in, and the Titan Purchaser and RDIF owned 64.3% and 35.7%, respectively, of, Voltyre-Prom. As of September 30, 2020, the value of the redeemable noncontrolling interest held by RDIF was recorded at $25 million, the value of the shares of restricted stock to be issued pursuant to the terms of the agreement. The following is a reconciliation of redeemable noncontrolling interest as of September 30, 2020 and 2019 (amounts in thousands): 2020 2019 Balance at January 1 $ 25,000 $ 119,813 Reclassification as a result of Agreement regarding put option — (49,883) Payment of interest on redeemable noncontrolling interest — (46,722) Loss attributable to redeemable noncontrolling interest — (819) Currency translation — 683 Redemption value adjustment — 1,928 Balance at September 30, $ 25,000 $ 25,000 This obligation represents the value of the restricted common stock due to RDIF on September 30, 2020, and is presented in the Condensed Consolidated Balance Sheets in redeemable noncontrolling interest, which is treated as mezzanine equity.

LEASE COMMITMENTS (Notes)

LEASE COMMITMENTS (Notes)	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Lessee, Operating Leases [Text Block]	LEASESThe Company leases certain buildings and equipment under both operating and finance leases. Certain lease agreements provide for renewal options, fair value purchase options, and payment of property taxes, maintenance, and insurance by the Company. Under FASB Accounting Standards Codification Topic 842 "Leases," the Company made an accounting policy election, by class of underlying asset, not to separate non-lease components such as those previously stated from lease components and instead will treat the lease agreement as a single lease component for all asset classes. Operating right-of-use (ROU) assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent Titan's obligations to make lease payments arising from the lease. The majority of Titan's leases are operating leases. Operating lease ROU assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. As most of Titan's leases do not provide an implicit interest rate, the Company used its incremental borrowing rate (6.79%), based on the information available at the lease commencement date, in determining the present value of lease payments. Operating lease expense is recognized on a straight-line basis over the lease term and is included in cost of sales and selling, general and administrative expenses on the Condensed Consolidated Statement of Operations. Amortization expense associated with finance leases is included in cost of sales and selling, general and administrative expenses, and interest expense associated with finance leases is included in interest expense in the Condensed Consolidated Statement of Operations. Short-term operating leases, which have an initial term of twelve months or less, are not recorded on the Condensed Consolidated Balance Sheets. Supplemental balance sheet information related to leases was as follows (amounts in thousands): Balance Sheet Classification September 30, 2020 December 31, 2019 Operating lease ROU assets Operating lease assets $ 21,936 $ 23,914 Operating lease current liabilities Other current liabilities $ 6,798 $ 6,729 Operating lease long-term liabilities Other long-term liabilities 15,126 17,360 Total operating lease liabilities $ 21,924 $ 24,089 Finance lease, gross Property, plant & equipment, net $ 6,374 $ 6,684 Finance lease accumulated depreciation Property, plant & equipment, net (2,837) (2,194) Finance lease, net $ 3,537 $ 4,490 Finance lease current liabilities Other current liabilities $ 871 $ 1,110 Finance lease long-term liabilities Other long-term liabilities 3,118 3,770 Total finance lease liabilities $ 3,989 $ 4,880 At September 30, 2020, maturity of lease liabilities were as follows (amounts in thousands): Operating Leases Finance Leases October 1 - December 31, 2020 $ 1,936 $ 424 2021 6,540 1,667 2022 5,101 1,580 2023 3,477 1,135 2024 2,083 426 Thereafter 3,698 197 Total lease payments $ 22,835 $ 5,429 Less imputed interest 911 1,440 $ 21,924 $ 3,989 Weighted average remaining lease term (in years) 4.28 3.11 Supplemental cash flow information related to leases for the nine months ended September 30, 2020 were as follows: operating cash flows from operating leases were $5.8 million and operating cash flows from finance leases were $0.3 million.
Lessee, Finance Leases [Text Block]	LEASESThe Company leases certain buildings and equipment under both operating and finance leases. Certain lease agreements provide for renewal options, fair value purchase options, and payment of property taxes, maintenance, and insurance by the Company. Under FASB Accounting Standards Codification Topic 842 "Leases," the Company made an accounting policy election, by class of underlying asset, not to separate non-lease components such as those previously stated from lease components and instead will treat the lease agreement as a single lease component for all asset classes. Operating right-of-use (ROU) assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent Titan's obligations to make lease payments arising from the lease. The majority of Titan's leases are operating leases. Operating lease ROU assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. As most of Titan's leases do not provide an implicit interest rate, the Company used its incremental borrowing rate (6.79%), based on the information available at the lease commencement date, in determining the present value of lease payments. Operating lease expense is recognized on a straight-line basis over the lease term and is included in cost of sales and selling, general and administrative expenses on the Condensed Consolidated Statement of Operations. Amortization expense associated with finance leases is included in cost of sales and selling, general and administrative expenses, and interest expense associated with finance leases is included in interest expense in the Condensed Consolidated Statement of Operations. Short-term operating leases, which have an initial term of twelve months or less, are not recorded on the Condensed Consolidated Balance Sheets. Supplemental balance sheet information related to leases was as follows (amounts in thousands): Balance Sheet Classification September 30, 2020 December 31, 2019 Operating lease ROU assets Operating lease assets $ 21,936 $ 23,914 Operating lease current liabilities Other current liabilities $ 6,798 $ 6,729 Operating lease long-term liabilities Other long-term liabilities 15,126 17,360 Total operating lease liabilities $ 21,924 $ 24,089 Finance lease, gross Property, plant & equipment, net $ 6,374 $ 6,684 Finance lease accumulated depreciation Property, plant & equipment, net (2,837) (2,194) Finance lease, net $ 3,537 $ 4,490 Finance lease current liabilities Other current liabilities $ 871 $ 1,110 Finance lease long-term liabilities Other long-term liabilities 3,118 3,770 Total finance lease liabilities $ 3,989 $ 4,880 At September 30, 2020, maturity of lease liabilities were as follows (amounts in thousands): Operating Leases Finance Leases October 1 - December 31, 2020 $ 1,936 $ 424 2021 6,540 1,667 2022 5,101 1,580 2023 3,477 1,135 2024 2,083 426 Thereafter 3,698 197 Total lease payments $ 22,835 $ 5,429 Less imputed interest 911 1,440 $ 21,924 $ 3,989 Weighted average remaining lease term (in years) 4.28 3.11 Supplemental cash flow information related to leases for the nine months ended September 30, 2020 were as follows: operating cash flows from operating leases were $5.8 million and operating cash flows from finance leases were $0.3 million.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	9 Months Ended
	Sep. 30, 2020
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 $1.4 million to the pension plans during the nine months ended September 30, 2020, and expects to contribute approximately $0.7 million to the pension plans during the remainder of 2020. The components of net periodic pension cost consisted of the following for the periods set forth below (amounts in thousands): Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019 Service cost $ 200 $ 228 $ 728 $ 658 Interest cost 857 1,075 2,595 3,304 Expected return on assets (1,360) (1,186) (4,078) (3,563) Amortization of unrecognized prior service cost — 56 — 169 Amortization of net unrecognized loss 696 766 2,088 2,296 Net periodic pension cost $ 393 $ 939 $ 1,333 $ 2,864 Service cost is recorded as cost of sales in the Condensed Consolidated Statement of Operations while all other components are recorded in other income.

VARIABLE INTEREST ENTITIES (Not

VARIABLE INTEREST ENTITIES (Notes)	9 Months Ended
	Sep. 30, 2020
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 two joint ventures for which the Company is the primary beneficiary. These joint ventures operate distribution facilities that primarily distribute mining products. Titan is the 50% owner of one of these distribution facilities, which is located in Canada, and the 40% owner of the other such facility, which is located in Australia. The Company’s variable interests in these two joint ventures relate to sales of Titan products to these entities, consigned inventory, and working capital loans. Titan also is party to a joint venture that is the consortium that owns Voltyre-Prom, of which Titan originally was a 43% owner. On July 31, 2019, however, Titan purchased additional shares resulting in a 64.3% ownership in the consortium and the joint venture became a majority owned entity and is no longer a variable interest entity (a VIE). See Note 8 for additional information. The Company also held a variable interest in two other entities for which Titan was the primary beneficiary. Each of these entities provided specific manufacturing related services at the Company's Tennessee facility. Titan's variable interest in these entities relates to financial support to the entities through providing many of the assets used by these entities in their business. The Company owns no equity in these entities. In March 2020, the Company delivered a notice of termination of the supply agreement with these entities and the Company no longer holds a variable interest in them. As the primary beneficiary of these VIEs, the VIEs’ assets, liabilities, and results of operations are included in the Company’s condensed consolidated financial statements. The other equity holders’ interests are reflected in “Net income (loss) 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 VIEs’ assets and liabilities included in the Company’s Condensed Consolidated Balance Sheets: September 30, December 31, 2019 Cash and cash equivalents $ 1,640 $ 2,190 Inventory 1,054 1,070 Other current assets 1,320 1,027 Property, plant and equipment, net 1,231 1,327 Total assets $ 5,245 $ 5,614 Current liabilities $ 54 $ 1,110 Other long-term liabilities 960 579 Total liabilities $ 1,014 $ 1,689 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 variable interests in certain VIEs that 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 related to purchases of materials. The maximum exposure to loss as reflected in the table below 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 related to non-consolidated VIEs as of the dates set forth below were as follows (amounts in thousands): September 30, 2020 December 31, 2019 Investments $ 5,177 $ 4,973 Other current assets — — Total VIE assets 5,177 4,973 Accounts payable 1,120 2,006 Maximum exposure to loss $ 6,297 $ 6,979

RESTRUCTURING ACTIVITIES (Notes

RESTRUCTURING ACTIVITIES (Notes)	9 Months Ended
	Sep. 30, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Activities Disclosure [Text Block]	RESTRUCTURING ACTIVITIES As part of the North American and Corporate Restructuring plan, which was approved in the second quarter of 2020, certain positions have been eliminated to continue ongoing operational improvement initiatives designed to prioritize resource allocation, reduce costs and drive profitability for the Company on a global basis. The Company incurred $0.0 million and $0.4 million during the three and nine months ended September 30, 2020, respectively, for severance costs related to the rationalization of certain Corporate positions. The Company paid the severance amounts during the third quarter of 2020. There were no amounts recorded for the workforce reduction for the three and nine months ended September 30, 2019. As part of the closure of the Saltville, Virginia wheel operations, then expected to be completed during the third quarter of 2020 and currently expected to be completed during the fourth quarter of 2020, the Company recorded an inventory impairment charge of $1.0 million for the nine months ended September 30, 2020.

ROYALTY EXPENSE

ROYALTY EXPENSE	9 Months Ended
	Sep. 30, 2020
Other Income and Expenses [Abstract]
ROYALTY EXPENSE	ROYALTY EXPENSEThe Company has trademark license agreements with The Goodyear Tire & Rubber Company to manufacture and sell certain farm tires under the Goodyear brand. 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 is scheduled to expire in 2025. Royalty expenses were $2.4 million and $2.5 million for the three months ended September 30, 2020 and 2019, respectively, and $7.3 million and $7.5 million for the nine months ended September 30, 2020 and 2019, respectively.

OTHER INCOME

OTHER INCOME	9 Months Ended
	Sep. 30, 2020
Other Income and Expenses [Abstract]
OTHER INCOME, NET	OTHER INCOME Other income consisted of the following (amounts in thousands): Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019 Gain on property insurance settlement (1) $ — $ — $ 4,936 $ — Gain (loss) on sale of Wheels India Limited shares — 4,695 (703) 4,695 Equity investment income 227 445 596 2,294 (Loss) gain on sale of assets (58) (59) 834 708 Building rental income 512 362 1,226 1,096 Government subsidies for COVID-19 relief 892 — 1,402 — Other income (expense) 710 (377) 820 (1,303) $ 2,283 $ 5,066 $ 9,111 $ 7,490 (1) The gain on property insurance settlement relates to the receipt of insurance proceeds during the three months ended March 31, 2020 for a 2017 fire that occurred at a facility of TTRC, a subsidiary of the Company, located in Fort McMurray in Alberta, Canada.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2020
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company recorded income tax expense of $0.3 million and income tax benefit of $2.1 million for the three months ended September 30, 2020 and 2019, respectively. For the nine months ended September 30, 2020 and 2019, the Company recorded income tax expense of $2.4 million and income tax benefit of $0.8 million, respectively. The Company's effective income tax rate was (3)% and (11)% for the three months ended September 30, 2020 and 2019, respectively, and (5)% and (3)% for the nine months ended September 30, 2020 and 2019, respectively. The Company’s 2020 and 2019 income tax expense and rates 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 and partially offset by a reduction of the liability for unrecognized tax positions. 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 nine months ended September 30, 2020 and 2019. 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 the 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 was enacted on December 22, 2017 and created a new requirement that certain income (i.e., global intangible low taxed income, hereinafter referred to as GILTI) earned by foreign subsidiaries must be included currently in the gross income of the U.S. shareholder. For 2020 and 2019, the Company has estimated an amount of GILTI income that is to be included in the calculation of 2020 and 2019 income tax expense. This GILTI income inclusion; however, is fully offset by a change in the valuation allowance. On March 27, 2020, the U.S. government passed the CARES Act (the "CARES Act"), which provides tax relief to assist companies dealing with the effects of the COVID-19 pandemic. The Company does not expect the impact of the CARES Act to be material to the Company’s financial position or results of operations, except for the deferral of Social Security payroll taxes, which will benefit the Company's operating cash flows through the end of calendar year 2020.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Earnings per share (EPS) were as follows (amounts in thousands, except per share data): Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019 Net loss attributable to Titan $ (12,643) $ (19,144) $ (43,174) $ (23,590) Redemption value adjustment — (491) — (1,928) Net loss applicable to common shareholders $ (12,643) $ (19,635) $ (43,174) $ (25,518) Determination of shares: Weighted average shares outstanding (basic) 60,926 60,161 60,630 60,037 Effect of equity awards — — — — Weighted average shares outstanding (diluted) 60,926 60,161 60,630 60,037 Earnings per share: Basic and diluted (0.21) (0.33) (0.71) (0.43) The effect of equity awards has been excluded for the three and nine months ended September 30, 2020, as the effect would have been antidilutive. The weighted average share amount excluded for equity awards for the three and nine months ended September 30, 2020, was 539 thousand and 261 thousand, respectively.

LITIGATION

LITIGATION	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
LITIGATION	LITIGATION The Company is a party to routine legal proceedings arising out of the normal course of business. 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 September 30, 2020, two of Titan’s subsidiaries were involved in litigation concerning environmental laws and regulations. In June 2015, Titan Tire Corporation (Titan Tire) and Dico, Inc. (Dico) appealed an order from the U.S. District Court for the South District of Iowa granting the federal government’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 U.S. Court of Appeals for the Eighth Circuit 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. During the third quarter of 2020, the Company accrued an incremental contingent legal accrual of $5.0 million related to the anticipated settlement of the Dico case. As of September 30, 2020, the $11.5 million contingent liability remains outstanding. Titan Tire and Dico appealed the case to the U.S. Court of Appeals for the Eighth Circuit. On April 11, 2019, the U.S. Court of Appeals for the Eighth Circuit affirmed the District Court’s September 5, 2017, order. Thereafter, Dico and Titan Tire filed a petition for rehearing with the U.S. Court of Appeals for the Eighth Circuit, which was denied in August 2019. As a result of the current judgment in favor of the United States, and pursuant to Iowa Code § 624.23, a judgment lien exists over Titan Tire’s real property in the State of Iowa. Titan Tire maintains a supersedeas bond in the amount of $6.0 million relating to the judgment. The United States indicated that it does not currently intend to take steps to execute on this judgment lien in light of ongoing settlement discussions between the parties. However, there can be no assurance that the parties will settle this matter on terms acceptable to the parties.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2020
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. 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 and nine months ended September 30, 2020 and 2019 (amounts in thousands): Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019 Net sales Agricultural $ 153,067 $ 156,625 $ 473,272 $ 512,639 Earthmoving/construction 123,227 155,659 372,606 517,186 Consumer 28,478 33,621 86,527 117,051 $ 304,772 $ 345,905 $ 932,405 $ 1,146,876 Gross profit Agricultural $ 16,191 $ 10,426 $ 45,830 $ 46,798 Earthmoving/construction 12,409 12,935 34,777 50,806 Consumer 2,717 3,739 7,821 13,068 $ 31,317 $ 27,100 $ 88,428 $ 110,672 (Loss) income from operations Agricultural $ 3,091 $ (1,230) $ 5,389 $ 17,062 Earthmoving/construction 656 (2,938) (8,240) 8,293 Consumer (88) (229) 1,042 3,120 Corporate & Unallocated (10,467) (8,219) (17,703) (39,385) Loss from operations (6,808) (12,616) (19,512) (10,910) Interest expense (7,251) (8,164) (23,076) (23,751) Foreign exchange (loss) gain (1,336) (2,266) (9,742) 2,218 Other income, net 2,283 5,066 9,111 7,490 Loss before income taxes $ (13,112) $ (17,980) $ (43,219) $ (24,953) Assets by segment were as follows as of the dates set forth below (amounts in thousands): September 30, December 31, Total assets Agricultural $ 437,994 $ 423,955 Earthmoving/construction 458,890 496,988 Consumer 94,092 123,320 Corporate & Unallocated 25,371 70,044 $ 1,016,347 $ 1,114,307

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2020
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	RELATED PARTY TRANSACTIONSThe 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: Blacksmith 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 $0.1 million and $0.6 million for the three and nine months ended September 30, 2020, respectively, and approximately $0.3 million and $0.9 million for the three and nine months ended September 30, 2019, respectively. Titan had trade receivables due from these companies of approximately $0.2 million at September 30, 2020, and approximately $0.2 million at December 31, 2019.  Sales commissions paid to the above companies were approximately $0.3 million and $1.0 million for the three and nine months ended September 30, 2020 as compared to $0.4 million and $1.1 million for the three and nine months ended September 30, 2019.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Notes)	9 Months Ended
	Sep. 30, 2020
Stockholders' Equity Note [Abstract]
Comprehensive Loss Note	ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated other comprehensive loss consisted of the following (amounts in thousands): Currency Gain (Loss) on Unrecognized Total Balance at July 1, 2020 $ (223,988) $ (198) $ (24,796) $ (248,982) Currency translation adjustments 5,376 — — 5,376 Defined benefit pension plans: Amortization of unrecognized losses and prior service cost, net of tax of $45 — — 575 575 Derivative gain (loss) — (17) — (17) Balance at September 30, 2020 $ (218,612) $ (215) $ (24,221) $ (243,048) Currency Gain (Loss) on Unrecognized Total Balance at January 1, 2020 $ (192,507) $ — $ (26,144) $ (218,651) Currency translation adjustments (1) (26,105) — — (26,105) Defined benefit pension plans: Amortization of unrecognized losses and prior service cost, net of tax of $65 — — 1,923 1,923 Derivative gain (loss) — (215) — (215) Balance at September 30, 2020 $ (218,612) $ (215) $ (24,221) $ (243,048) (1) The increase in currency translation adjustments for the nine months ended September 30, 2020 was due to foreign currency rate fluctuations and also due to the settlement of certain intercompany loans during the quarter.

SUBSIDIARY GUARANTOR FINANCIAL

SUBSIDIARY GUARANTOR FINANCIAL INFORMATION	9 Months Ended
	Sep. 30, 2020
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 governing the senior secured notes incorporated by reference to the 2019 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 Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 119,850 $ 305,097 $ (120,175) $ 304,772 Cost of sales 202 108,642 284,786 (120,175) 273,455 Asset impairment — — — — — Gross (loss) profit (202) 11,208 20,311 — 31,317 Selling, general and administrative expenses 5,180 2,593 25,678 — 33,451 Research and development expenses 209 769 1,262 — 2,240 Royalty expense 654 855 925 — 2,434 (Loss) income from operations (6,245) 6,991 (7,554) — (6,808) Interest (expense) income (6,986) 96 (361) — (7,251) Intercompany interest income (expense) 527 530 (1,057) — — Foreign exchange loss — (99) (1,237) — (1,336) Other income 322 119 1,842 — 2,283 (Loss) income before income taxes (12,382) 7,637 (8,367) — (13,112) Provision for income taxes (1,851) 79 2,114 — 342 Equity in earnings of subsidiaries (2,923) — 3,315 (392) — Net (loss) income (13,454) 7,558 (7,166) (392) (13,454) Net loss attributable to noncontrolling interests — — (811) — (811) Net (loss) income attributable to Titan $ (13,454) $ 7,558 $ (6,355) $ (392) $ (12,643) (Amounts in thousands) Condensed Consolidating Statements of Operations Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 141,133 $ 345,992 $ (141,220) $ 345,905 Cost of sales 107 134,169 325,749 (141,220) 318,805 Gross (loss) profit (107) 6,964 20,243 — 27,100 Selling, general and administrative expenses 1,513 12,094 21,347 — 34,954 Research and development expenses 276 678 1,355 — 2,309 Royalty expense 679 860 914 — 2,453 Loss from operations (2,575) (6,668) (3,373) — (12,616) Interest (expense) income (7,281) 5 (888) — (8,164) Intercompany interest income (expense) 884 841 (1,725) — — Foreign exchange loss (47) (152) (2,067) — (2,266) Other income (expense) 358 (528) 5,236 — 5,066 Loss before income taxes (8,661) (6,502) (2,817) — (17,980) Provision for income taxes 635 126 1,303 — 2,064 Equity in earnings of subsidiaries (10,748) — (1,851) 12,599 — Net (loss) income (20,044) (6,628) (5,971) 12,599 (20,044) Net loss attributable to noncontrolling interests — — (900) — (900) Net (loss) income attributable to Titan $ (20,044) $ (6,628) $ (5,071) $ 12,599 $ (19,144) (Amounts in thousands) Condensed Consolidating Statements of Operations Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 406,810 $ 933,657 $ (408,062) $ 932,405 Cost of sales 525 367,998 879,930 (408,062) 840,391 Asset impairment 1,007 — 2,579 — 3,586 Gross (loss) profit (1,532) 38,812 51,148 — 88,428 Selling, general and administrative expenses 16,519 6,738 70,592 — 93,849 Research and development expenses 664 2,239 3,879 — 6,782 Royalty expense 2,147 2,694 2,468 — 7,309 (Loss) income from operations (20,862) 27,141 (25,791) — (19,512) Interest (expense) income (21,241) 81 (1,916) — (23,076) Intercompany interest income (expense) 1,586 1,709 (3,295) — — Foreign exchange loss — (981) (8,761) — (9,742) Other income (expense) 1,330 (142) 7,923 — 9,111 (Loss) income before income taxes (39,187) 27,808 (31,840) — (43,219) Provision for income taxes (3,764) 256 5,885 — 2,377 Equity in earnings of subsidiaries (10,173) — 17,384 (7,211) — Net (loss) income (45,596) 27,552 (20,341) (7,211) (45,596) Net loss attributable to noncontrolling interests — — (2,422) — (2,422) Net (loss) income attributable to Titan $ (45,596) $ 27,552 $ (17,919) $ (7,211) $ (43,174) (Amounts in thousands) Condensed Consolidating Statements of Operations Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 475,652 $ 1,147,568 $ (476,344) $ 1,146,876 Cost of sales 248 438,535 1,073,765 (476,344) 1,036,204 Gross (loss) profit (248) 37,117 73,803 — 110,672 Selling, general and administrative expenses 4,694 35,299 66,612 — 106,605 Research and development expenses 768 2,263 4,439 — 7,470 Royalty expense 1,743 3,005 2,759 — 7,507 (Loss) income from operations (7,453) (3,450) (7) — (10,910) Interest (expense) income (21,311) 5 (2,445) — (23,751) Intercompany interest income (expense) 2,158 2,731 (4,889) — — Foreign exchange loss (gain) (69) (156) 2,443 — 2,218 Other income (expense) 1,162 (1,606) 7,934 — 7,490 (Loss) income before income taxes (25,513) (2,476) 3,036 — (24,953) Provision for income taxes (6,390) 410 6,741 — 761 Equity in earnings of subsidiaries (6,591) — (1,320) 7,911 — Net (loss) income (25,714) (2,886) (5,025) 7,911 (25,714) Net loss attributable to noncontrolling interests — — (2,124) — (2,124) Net (loss) income attributable to Titan $ (25,714) $ (2,886) $ (2,901) $ 7,911 $ (23,590) (Amounts in thousands) Condensed Consolidating Statements of Comprehensive Loss Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net (loss) income $ (13,454) $ 7,558 $ (7,166) $ (392) $ (13,454) Derivative (loss) gain (17) — (17) 17 (17) Currency translation adjustment 4,275 — 4,275 (4,275) 4,275 Pension liability adjustments, net of tax 575 667 (92) (575) 575 Comprehensive (loss) income (8,621) 8,225 (3,000) (5,225) (8,621) Net comprehensive loss attributable to redeemable and noncontrolling interests — — (1,912) — (1,912) Comprehensive (loss) income attributable to Titan $ (8,621) $ 8,225 $ (1,088) $ (5,225) $ (6,709) (Amounts in thousands) Condensed Consolidating Statements of Comprehensive Loss Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net (loss) income $ (20,044) $ (6,628) $ (5,971) $ 12,599 $ (20,044) Currency translation adjustment (20,324) — (20,324) 20,324 (20,324) Pension liability adjustments, net of tax 590 753 (163) (590) 590 Comprehensive (loss) income (39,778) (5,875) (26,458) 32,333 (39,778) Net comprehensive loss attributable to redeemable and noncontrolling interests — — (1,213) — (1,213) Comprehensive (loss) income attributable to Titan $ (39,778) $ (5,875) $ (25,245) $ 32,333 $ (38,565) (Amounts in thousands) Condensed Consolidating Statements of Comprehensive Loss Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net (loss) income $ (45,596) $ 27,552 $ (20,341) $ (7,211) $ (45,596) Derivative (loss) gain (215) — (215) 215 (215) Currency translation adjustment (28,498) — (28,498) 28,498 (28,498) Pension liability adjustments, net of tax 1,923 2,001 (78) (1,923) 1,923 Comprehensive (loss) income (72,386) 29,553 (49,132) 19,579 (72,386) Net comprehensive loss attributable to redeemable and noncontrolling interests — — (4,814) — (4,814) Comprehensive (loss) income attributable to Titan $ (72,386) $ 29,553 $ (44,318) $ 19,579 $ (67,572) (Amounts in thousands) Condensed Consolidating Statements of Comprehensive Loss Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net (loss) income $ (25,714) $ (2,886) $ (5,025) $ 7,911 $ (25,714) Currency translation adjustment (19,280) — (19,280) 19,280 (19,280) Pension liability adjustments, net of tax 1,594 2,256 (662) (1,594) 1,594 Comprehensive (loss) income (43,400) (630) (24,967) 25,597 (43,400) Net comprehensive loss attributable to redeemable and noncontrolling interests — — (897) — (897) Comprehensive (loss) income attributable to Titan $ (43,400) $ (630) $ (24,070) $ 25,597 $ (42,503) (Amounts in thousands) Condensed Consolidating Balance Sheets Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Assets Cash and cash equivalents $ 5,002 $ 3 $ 93,767 $ — $ 98,772 Accounts receivable, net — — 192,764 — 192,764 Inventories — 31,763 252,468 — 284,231 Assets held for sale 6,640 — — — 6,640 Prepaid and other current assets 4,756 16,655 34,597 — 56,008 Total current assets 16,398 48,421 573,596 — 638,415 Property, plant and equipment, net 3,784 84,724 236,451 — 324,959 Investment in subsidiaries 585,724 — 70,501 (656,225) — Other assets 2,259 5,056 45,658 — 52,973 Total assets $ 608,165 $ 138,201 $ 926,206 $ (656,225) $ 1,016,347 Liabilities and Equity Short-term debt $ — $ — $ 32,641 $ — $ 32,641 Accounts payable 2,343 23,542 124,994 — 150,879 Other current liabilities 28,465 22,854 80,415 — 131,734 Total current liabilities 30,808 46,396 238,050 — 315,254 Long-term debt 396,642 — 35,147 — 431,789 Other long-term liabilities 2,231 18,037 54,826 — 75,094 Intercompany accounts (32,322) (446,212) 478,534 — — Redeemable noncontrolling interest — — 25,000 — 25,000 Titan shareholders' equity 210,806 519,980 95,277 (656,225) 169,838 Noncontrolling interests — — (628) — (628) Total liabilities and equity $ 608,165 $ 138,201 $ 926,206 $ (656,225) $ 1,016,347 (Amounts in thousands) Condensed Consolidating Balance Sheets Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Assets Cash and cash equivalents $ 2,843 $ 4 $ 63,952 $ — $ 66,799 Accounts receivable, net — 2 185,236 — 185,238 Inventories — 41,088 292,268 — 333,356 Assets held for sale 7,203 — — — 7,203 Prepaid and other current assets 3,217 17,352 38,300 — 58,869 Total current assets 13,263 58,446 579,756 — 651,465 Property, plant and equipment, net 3,443 91,734 272,418 — 367,595 Investment in subsidiaries 763,336 — 61,019 (824,355) — Other assets 3,405 4,211 87,631 — 95,247 Total assets $ 783,447 $ 154,391 $ 1,000,824 $ (824,355) $ 1,114,307 Liabilities and Equity Short-term debt $ 514 $ 69 $ 60,670 $ — $ 61,253 Accounts payable 4,951 18,455 135,241 — 158,647 Other current liabilities 20,912 17,941 68,400 — 107,253 Total current liabilities 26,377 36,465 264,311 — 327,153 Long-term debt 431,960 — 6,509 — 438,469 Other long-term liabilities 6,493 15,443 62,761 — 84,697 Intercompany accounts 42,798 (397,847) 355,049 — — Redeemable noncontrolling interest — — 25,000 — 25,000 Titan shareholders' equity 275,819 500,330 283,057 (824,355) 234,851 Noncontrolling interests — — 4,137 — 4,137 Total liabilities and equity $ 783,447 $ 154,391 $ 1,000,824 $ (824,355) $ 1,114,307 (Amounts in thousands) Condensed Consolidating Statements of Cash Flows Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidated Net cash provided by operating activities $ 19,179 $ 3,631 $ 24,621 $ 47,431 Cash flows from investing activities: Capital expenditures (92) (3,884) (9,374) (13,350) Sale of Wheels India Limited shares — — 32,852 32,852 Insurance proceeds — — 4,936 4,936 Other, net 191 (8) 743 926 Net cash provided by (used for) investing activities 99 (3,892) 29,157 25,364 Cash flows from financing activities: Proceeds from borrowings 31,334 333 54,324 85,991 Payment on debt (45,348) (61) (71,192) (116,601) Dividends paid (603) — — (603) Other financing activities (2,502) (12) (209) (2,723) Net cash (used for) provided by financing activities (17,119) 260 (17,077) (33,936) Effect of exchange rate change on cash — — (6,886) (6,886) Net increase (decrease) in cash and cash equivalents 2,159 (1) 29,815 31,973 Cash and cash equivalents, beginning of period 2,843 4 63,952 66,799 Cash and cash equivalents, end of period $ 5,002 $ 3 $ 93,767 $ 98,772 (Amounts in thousands) Condensed Consolidating Statements of Cash Flows Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidated Net cash provided by operating activities $ 2,683 $ 5,742 $ 22,787 $ 31,212 Cash flows from investing activities: Capital expenditures (21) (6,207) (20,026) (26,254) Payment related to redeemable noncontrolling interest agreement (71,722) — — (71,722) Other, net — 181 1,173 1,354 Net cash used for investing activities (71,743) (6,026) (18,853) (96,622) Cash flows from financing activities: Proceeds from borrowings 73,000 287 50,866 124,153 Payment on debt (14,000) — (45,296) (59,296) Dividends paid (901) — — (901) Net cash provided by financing activities 58,099 287 5,570 63,956 Effect of exchange rate change on cash — — (1,628) (1,628) Net (decrease) increase in cash and cash equivalents (10,961) 3 7,876 (3,082) Cash and cash equivalents, beginning of period 23,630 4 58,051 81,685 Cash and cash equivalents, end of period $ 12,669 $ 7 $ 65,927 $ 78,603

ACCOUNTING POLICIES (Policies)

ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2020
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 6.50% senior secured notes due 2023 (senior secured notes) were carried at a cost of $396.6 million at September 30, 2020. The fair value of the senior secured notes at September 30, 2020, as obtained through an independent pricing source, was approximately $300.3 million.
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	New accounting standards Recently adopted accounting standards In June 2016, the Financial Accounting Standards Board (the FASB) issued Accounting Standards Update (ASU) No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments", which amends the current accounting guidance and requires the measurement of all expected losses based on historical experience, current conditions and reasonable and supportable forecasts. For trade receivables, loans, and other financial instruments, we are required to use a forward-looking expected loss model that reflects losses that are probable rather than the incurred loss model for recognizing credit losses. The standard became effective for interim and annual periods beginning after December 15, 2019. In addition, the FASB issued ASU 2019-04, Codification Improvements to Topic 326, which provides clarity on certain aspects of the amendments in ASU 2016-13. The Company adopted this guidance prospectively on January 1, 2020 and it did not have a material effect on the Company's condensed consolidated financial statements. In August 2018, the FASB issued ASU No. 2018-13, "Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement." The amendments in this update modify the disclosure requirements on fair value measurements in Topic 820, Fair Value Measurement. The amendments in this update are effective for fiscal years beginning after December 15, 2019. We adopted this ASU on January 1, 2020 and it did not have a material effect on the Company's condensed consolidated financial statements. Accounting standards issued but not yet adopted In August 2018, the FASB issued ASU No. 2018-14, "Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans." The amendments in this update modify the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans. The amendments in this update are effective for fiscal years ending after December 15, 2020. The adoption of this guidance is not expected to have a material effect on the Company's condensed consolidated financial statements. In March 2020, the SEC issued a final rule that amends the disclosure requirements related to certain registered securities under SEC Regulation S-X Rule 3-10 with respect to the disclosure requirements related to issuers and guarantors of guaranteed debt securities. The final rule allows registrants to provide alternative financial disclosures in either the registrant’s MD&A or financial statements, rather than the previous requirement under Rule 3-10, which required condensed consolidating financial information within the financial statements. It also simplifies the requirements in Rule 3-10 that currently must be met for a parent company to qualify for exceptions allowing it to provide alternative disclosures rather than full audited financial statements. The final rule also reduces the periods for which summarized financial information is required to be presented to the most recent (1) annual period and (2) year-to-date interim period. The final rule applies to annual reports on Form 10-K for fiscal years ending after January 4, 2021 and quarterly reports on Form 10-Q for quarterly periods ending after January 4, 2021 and registrants may voluntarily comply with the final rule before the effective date. The Company does not expect the future adoption, which is limited to disclosures only, to have a material effect on the Company’s consolidated financial statements.

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	9 Months Ended
	Sep. 30, 2020
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Accounts receivable consisted of the following (amounts in thousands): September 30, December 31, Accounts receivable $ 196,707 $ 188,952 Allowance for doubtful accounts (3,943) (3,714) Accounts receivable, net $ 192,764 $ 185,238

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Sep. 30, 2020
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories consisted of the following (amounts in thousands): September 30, December 31, Raw material $ 77,182 $ 83,569 Work-in-process 35,436 48,369 Finished goods 171,613 201,418 $ 284,231 $ 333,356

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	9 Months Ended
	Sep. 30, 2020
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Property, plant and equipment, net consisted of the following (amounts in thousands): September 30, December 31, Land and improvements $ 41,920 $ 44,386 Buildings and improvements 252,654 249,168 Machinery and equipment 588,497 605,205 Tools, dies and molds 104,142 113,603 Construction-in-process 12,241 16,237 999,454 1,028,599 Less accumulated depreciation (674,495) (661,004) $ 324,959 $ 367,595

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill [Table Text Block]	The components of intangible assets consisted of the following (amounts in thousands): Weighted Average Useful Lives September 30, December 31, Amortizable intangible assets: Customer relationships 6.92 $ 12,211 $ 12,629 Patents, trademarks and other 9.45 9,884 11,598 Total at cost 22,095 24,227 Less accumulated amortization (14,484) (14,461) $ 7,611 $ 9,766
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	The estimated aggregate amortization expense at September 30, 2020, for each of the years (or other periods) set forth below was as follows (amounts in thousands): October 1 - December 31, 2020 $ 485 2021 1,305 2022 958 2023 958 2024 957 Thereafter 2,948 $ 7,611

WARRANTY (Tables)

WARRANTY (Tables)	9 Months Ended
	Sep. 30, 2020
Product Warranties Disclosures [Abstract]
Schedule of Product Warranty Liability [Table Text Block]	Changes in the warranty liability during the nine months ended September 30, 2020 and 2019, respectively, consisted of the following (amounts in thousands): 2020 2019 Warranty liability, January 1 $ 14,334 $ 16,327 Provision for warranty liabilities 4,060 3,599 Warranty payments made (4,346) (4,969) Warranty liability, September 30 $ 14,048 $ 14,957

REVOLVING CREDIT FACILITY AND_2

REVOLVING CREDIT FACILITY AND LONG-TERM DEBT (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Instrument [Line Items]
Schedule of Long-term Debt Instruments [Table Text Block]	Long-term debt consisted of the following (amounts in thousands): September 30, 2020 Principal Balance Unamortized Debt Issuance Net Carrying Amount 6.50% senior secured notes due 2023 $ 400,000 $ (3,358) $ 396,642 Titan Europe credit facilities 47,457 — 47,457 Revolving credit facility — — — Other debt 20,331 — 20,331 Total debt 467,788 (3,358) 464,430 Less amounts due within one year 32,641 — 32,641 Total long-term debt $ 435,147 $ (3,358) $ 431,789 December 31, 2019 Principal Balance Unamortized Debt Issuance Net Carrying Amount 6.50% senior secured notes due 2023 $ 400,000 $ (4,040) $ 395,960 Titan Europe credit facilities 43,591 — 43,591 Revolving credit facility 36,000 — 36,000 Other debt 24,171 — 24,171 Total debt 503,762 (4,040) 499,722 Less amounts due within one year 61,253 — 61,253 Total long-term debt $ 442,509 $ (4,040) $ 438,469
Schedule of Maturities of Long-term Debt [Table Text Block]	Aggregate principal maturities of long-term debt at September 30, 2020, for each of the years (or other periods) set forth below were as follows (amounts in thousands): October 1 - December 31, 2020 $ 16,853 2021 23,207 2022 9,954 2023 410,945 2024 6,158 Thereafter 671 $ 467,788

REDEEMABLE NONCONTROLLING INT_2

REDEEMABLE NONCONTROLLING INTEREST (Tables)	9 Months Ended
	Sep. 30, 2020
Noncontrolling Interest [Abstract]
Redeemable Noncontrolling Interest [Table Text Block]	The following is a reconciliation of redeemable noncontrolling interest as of September 30, 2020 and 2019 (amounts in thousands): 2020 2019 Balance at January 1 $ 25,000 $ 119,813 Reclassification as a result of Agreement regarding put option — (49,883) Payment of interest on redeemable noncontrolling interest — (46,722) Loss attributable to redeemable noncontrolling interest — (819) Currency translation — 683 Redemption value adjustment — 1,928 Balance at September 30, $ 25,000 $ 25,000

LEASE COMMITMENTS (Tables)

LEASE COMMITMENTS (Tables)	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Lease, Cost [Table Text Block]	Supplemental balance sheet information related to leases was as follows (amounts in thousands): Balance Sheet Classification September 30, 2020 December 31, 2019 Operating lease ROU assets Operating lease assets $ 21,936 $ 23,914 Operating lease current liabilities Other current liabilities $ 6,798 $ 6,729 Operating lease long-term liabilities Other long-term liabilities 15,126 17,360 Total operating lease liabilities $ 21,924 $ 24,089 Finance lease, gross Property, plant & equipment, net $ 6,374 $ 6,684 Finance lease accumulated depreciation Property, plant & equipment, net (2,837) (2,194) Finance lease, net $ 3,537 $ 4,490 Finance lease current liabilities Other current liabilities $ 871 $ 1,110 Finance lease long-term liabilities Other long-term liabilities 3,118 3,770 Total finance lease liabilities $ 3,989 $ 4,880
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	At September 30, 2020, maturity of lease liabilities were as follows (amounts in thousands): Operating Leases Finance Leases October 1 - December 31, 2020 $ 1,936 $ 424 2021 6,540 1,667 2022 5,101 1,580 2023 3,477 1,135 2024 2,083 426 Thereafter 3,698 197 Total lease payments $ 22,835 $ 5,429 Less imputed interest 911 1,440 $ 21,924 $ 3,989 Weighted average remaining lease term (in years) 4.28 3.11
Finance Lease, Liability, Maturity [Table Text Block]	Operating Leases Finance Leases October 1 - December 31, 2020 $ 1,936 $ 424 2021 6,540 1,667 2022 5,101 1,580 2023 3,477 1,135 2024 2,083 426 Thereafter 3,698 197 Total lease payments $ 22,835 $ 5,429 Less imputed interest 911 1,440 $ 21,924 $ 3,989 Weighted average remaining lease term (in years) 4.28 3.11

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	9 Months Ended
	Sep. 30, 2020
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 Nine months ended September 30, September 30, 2020 2019 2020 2019 Service cost $ 200 $ 228 $ 728 $ 658 Interest cost 857 1,075 2,595 3,304 Expected return on assets (1,360) (1,186) (4,078) (3,563) Amortization of unrecognized prior service cost — 56 — 169 Amortization of net unrecognized loss 696 766 2,088 2,296 Net periodic pension cost $ 393 $ 939 $ 1,333 $ 2,864

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	9 Months Ended
	Sep. 30, 2020
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 VIEs’ assets and liabilities included in the Company’s Condensed Consolidated Balance Sheets: September 30, December 31, 2019 Cash and cash equivalents $ 1,640 $ 2,190 Inventory 1,054 1,070 Other current assets 1,320 1,027 Property, plant and equipment, net 1,231 1,327 Total assets $ 5,245 $ 5,614 Current liabilities $ 54 $ 1,110 Other long-term liabilities 960 579 Total liabilities $ 1,014 $ 1,689 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.
Schedule of Non Consolidated Variable Interest Entities [Table Text Block]	The Company holds variable interests in certain VIEs that 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 related to purchases of materials. The maximum exposure to loss as reflected in the table below 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 related to non-consolidated VIEs as of the dates set forth below were as follows (amounts in thousands): September 30, 2020 December 31, 2019 Investments $ 5,177 $ 4,973 Other current assets — — Total VIE assets 5,177 4,973 Accounts payable 1,120 2,006 Maximum exposure to loss $ 6,297 $ 6,979

OTHER INCOME (Tables)

OTHER INCOME (Tables)	9 Months Ended
	Sep. 30, 2020
Other Income and Expenses [Abstract]
Other Income [Table Text Block]	Other income consisted of the following (amounts in thousands): Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019 Gain on property insurance settlement (1) $ — $ — $ 4,936 $ — Gain (loss) on sale of Wheels India Limited shares — 4,695 (703) 4,695 Equity investment income 227 445 596 2,294 (Loss) gain on sale of assets (58) (59) 834 708 Building rental income 512 362 1,226 1,096 Government subsidies for COVID-19 relief 892 — 1,402 — Other income (expense) 710 (377) 820 (1,303) $ 2,283 $ 5,066 $ 9,111 $ 7,490 (1) The gain on property insurance settlement relates to the receipt of insurance proceeds during the three months ended March 31, 2020 for a 2017 fire that occurred at a facility of TTRC, a subsidiary of the Company, located in Fort McMurray in Alberta, Canada.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Earnings per share (EPS) were as follows (amounts in thousands, except per share data): Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019 Net loss attributable to Titan $ (12,643) $ (19,144) $ (43,174) $ (23,590) Redemption value adjustment — (491) — (1,928) Net loss applicable to common shareholders $ (12,643) $ (19,635) $ (43,174) $ (25,518) Determination of shares: Weighted average shares outstanding (basic) 60,926 60,161 60,630 60,037 Effect of equity awards — — — — Weighted average shares outstanding (diluted) 60,926 60,161 60,630 60,037 Earnings per share: Basic and diluted (0.21) (0.33) (0.71) (0.43)

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2020
Segment Reporting Information [Line Items]
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	The table below presents information about certain operating results, separated by market segments, for each of the three and nine months ended September 30, 2020 and 2019 (amounts in thousands): Three months ended Nine months ended September 30, September 30, 2020 2019 2020 2019 Net sales Agricultural $ 153,067 $ 156,625 $ 473,272 $ 512,639 Earthmoving/construction 123,227 155,659 372,606 517,186 Consumer 28,478 33,621 86,527 117,051 $ 304,772 $ 345,905 $ 932,405 $ 1,146,876 Gross profit Agricultural $ 16,191 $ 10,426 $ 45,830 $ 46,798 Earthmoving/construction 12,409 12,935 34,777 50,806 Consumer 2,717 3,739 7,821 13,068 $ 31,317 $ 27,100 $ 88,428 $ 110,672 (Loss) income from operations Agricultural $ 3,091 $ (1,230) $ 5,389 $ 17,062 Earthmoving/construction 656 (2,938) (8,240) 8,293 Consumer (88) (229) 1,042 3,120 Corporate & Unallocated (10,467) (8,219) (17,703) (39,385) Loss from operations (6,808) (12,616) (19,512) (10,910) Interest expense (7,251) (8,164) (23,076) (23,751) Foreign exchange (loss) gain (1,336) (2,266) (9,742) 2,218 Other income, net 2,283 5,066 9,111 7,490 Loss before income taxes $ (13,112) $ (17,980) $ (43,219) $ (24,953)
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): September 30, December 31, Total assets Agricultural $ 437,994 $ 423,955 Earthmoving/construction 458,890 496,988 Consumer 94,092 123,320 Corporate & Unallocated 25,371 70,044 $ 1,016,347 $ 1,114,307

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	9 Months Ended
	Sep. 30, 2020
Stockholders' Equity Note [Abstract]
Schedule of Accumulated Other Comprehensive Loss	Accumulated other comprehensive loss consisted of the following (amounts in thousands): Currency Gain (Loss) on Unrecognized Total Balance at July 1, 2020 $ (223,988) $ (198) $ (24,796) $ (248,982) Currency translation adjustments 5,376 — — 5,376 Defined benefit pension plans: Amortization of unrecognized losses and prior service cost, net of tax of $45 — — 575 575 Derivative gain (loss) — (17) — (17) Balance at September 30, 2020 $ (218,612) $ (215) $ (24,221) $ (243,048) Currency Gain (Loss) on Unrecognized Total Balance at January 1, 2020 $ (192,507) $ — $ (26,144) $ (218,651) Currency translation adjustments (1) (26,105) — — (26,105) Defined benefit pension plans: Amortization of unrecognized losses and prior service cost, net of tax of $65 — — 1,923 1,923 Derivative gain (loss) — (215) — (215) Balance at September 30, 2020 $ (218,612) $ (215) $ (24,221) $ (243,048) (1) The increase in currency translation adjustments for the nine months ended September 30, 2020 was due to foreign currency rate fluctuations and also due to the settlement of certain intercompany loans during the quarter.

SUBSIDIARY GUARANTOR FINANCIA_2

SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed Income Statement [Table Text Block]	(Amounts in thousands) Condensed Consolidating Statements of Operations Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 119,850 $ 305,097 $ (120,175) $ 304,772 Cost of sales 202 108,642 284,786 (120,175) 273,455 Asset impairment — — — — — Gross (loss) profit (202) 11,208 20,311 — 31,317 Selling, general and administrative expenses 5,180 2,593 25,678 — 33,451 Research and development expenses 209 769 1,262 — 2,240 Royalty expense 654 855 925 — 2,434 (Loss) income from operations (6,245) 6,991 (7,554) — (6,808) Interest (expense) income (6,986) 96 (361) — (7,251) Intercompany interest income (expense) 527 530 (1,057) — — Foreign exchange loss — (99) (1,237) — (1,336) Other income 322 119 1,842 — 2,283 (Loss) income before income taxes (12,382) 7,637 (8,367) — (13,112) Provision for income taxes (1,851) 79 2,114 — 342 Equity in earnings of subsidiaries (2,923) — 3,315 (392) — Net (loss) income (13,454) 7,558 (7,166) (392) (13,454) Net loss attributable to noncontrolling interests — — (811) — (811) Net (loss) income attributable to Titan $ (13,454) $ 7,558 $ (6,355) $ (392) $ (12,643) (Amounts in thousands) Condensed Consolidating Statements of Operations Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 141,133 $ 345,992 $ (141,220) $ 345,905 Cost of sales 107 134,169 325,749 (141,220) 318,805 Gross (loss) profit (107) 6,964 20,243 — 27,100 Selling, general and administrative expenses 1,513 12,094 21,347 — 34,954 Research and development expenses 276 678 1,355 — 2,309 Royalty expense 679 860 914 — 2,453 Loss from operations (2,575) (6,668) (3,373) — (12,616) Interest (expense) income (7,281) 5 (888) — (8,164) Intercompany interest income (expense) 884 841 (1,725) — — Foreign exchange loss (47) (152) (2,067) — (2,266) Other income (expense) 358 (528) 5,236 — 5,066 Loss before income taxes (8,661) (6,502) (2,817) — (17,980) Provision for income taxes 635 126 1,303 — 2,064 Equity in earnings of subsidiaries (10,748) — (1,851) 12,599 — Net (loss) income (20,044) (6,628) (5,971) 12,599 (20,044) Net loss attributable to noncontrolling interests — — (900) — (900) Net (loss) income attributable to Titan $ (20,044) $ (6,628) $ (5,071) $ 12,599 $ (19,144) (Amounts in thousands) Condensed Consolidating Statements of Operations Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 406,810 $ 933,657 $ (408,062) $ 932,405 Cost of sales 525 367,998 879,930 (408,062) 840,391 Asset impairment 1,007 — 2,579 — 3,586 Gross (loss) profit (1,532) 38,812 51,148 — 88,428 Selling, general and administrative expenses 16,519 6,738 70,592 — 93,849 Research and development expenses 664 2,239 3,879 — 6,782 Royalty expense 2,147 2,694 2,468 — 7,309 (Loss) income from operations (20,862) 27,141 (25,791) — (19,512) Interest (expense) income (21,241) 81 (1,916) — (23,076) Intercompany interest income (expense) 1,586 1,709 (3,295) — — Foreign exchange loss — (981) (8,761) — (9,742) Other income (expense) 1,330 (142) 7,923 — 9,111 (Loss) income before income taxes (39,187) 27,808 (31,840) — (43,219) Provision for income taxes (3,764) 256 5,885 — 2,377 Equity in earnings of subsidiaries (10,173) — 17,384 (7,211) — Net (loss) income (45,596) 27,552 (20,341) (7,211) (45,596) Net loss attributable to noncontrolling interests — — (2,422) — (2,422) Net (loss) income attributable to Titan $ (45,596) $ 27,552 $ (17,919) $ (7,211) $ (43,174) (Amounts in thousands) Condensed Consolidating Statements of Operations Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 475,652 $ 1,147,568 $ (476,344) $ 1,146,876 Cost of sales 248 438,535 1,073,765 (476,344) 1,036,204 Gross (loss) profit (248) 37,117 73,803 — 110,672 Selling, general and administrative expenses 4,694 35,299 66,612 — 106,605 Research and development expenses 768 2,263 4,439 — 7,470 Royalty expense 1,743 3,005 2,759 — 7,507 (Loss) income from operations (7,453) (3,450) (7) — (10,910) Interest (expense) income (21,311) 5 (2,445) — (23,751) Intercompany interest income (expense) 2,158 2,731 (4,889) — — Foreign exchange loss (gain) (69) (156) 2,443 — 2,218 Other income (expense) 1,162 (1,606) 7,934 — 7,490 (Loss) income before income taxes (25,513) (2,476) 3,036 — (24,953) Provision for income taxes (6,390) 410 6,741 — 761 Equity in earnings of subsidiaries (6,591) — (1,320) 7,911 — Net (loss) income (25,714) (2,886) (5,025) 7,911 (25,714) Net loss attributable to noncontrolling interests — — (2,124) — (2,124) Net (loss) income attributable to Titan $ (25,714) $ (2,886) $ (2,901) $ 7,911 $ (23,590)
Condensed Statement of Comprehensive Income [Table Text Block]	(Amounts in thousands) Condensed Consolidating Statements of Comprehensive Loss Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net (loss) income $ (13,454) $ 7,558 $ (7,166) $ (392) $ (13,454) Derivative (loss) gain (17) — (17) 17 (17) Currency translation adjustment 4,275 — 4,275 (4,275) 4,275 Pension liability adjustments, net of tax 575 667 (92) (575) 575 Comprehensive (loss) income (8,621) 8,225 (3,000) (5,225) (8,621) Net comprehensive loss attributable to redeemable and noncontrolling interests — — (1,912) — (1,912) Comprehensive (loss) income attributable to Titan $ (8,621) $ 8,225 $ (1,088) $ (5,225) $ (6,709) (Amounts in thousands) Condensed Consolidating Statements of Comprehensive Loss Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net (loss) income $ (20,044) $ (6,628) $ (5,971) $ 12,599 $ (20,044) Currency translation adjustment (20,324) — (20,324) 20,324 (20,324) Pension liability adjustments, net of tax 590 753 (163) (590) 590 Comprehensive (loss) income (39,778) (5,875) (26,458) 32,333 (39,778) Net comprehensive loss attributable to redeemable and noncontrolling interests — — (1,213) — (1,213) Comprehensive (loss) income attributable to Titan $ (39,778) $ (5,875) $ (25,245) $ 32,333 $ (38,565) (Amounts in thousands) Condensed Consolidating Statements of Comprehensive Loss Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net (loss) income $ (45,596) $ 27,552 $ (20,341) $ (7,211) $ (45,596) Derivative (loss) gain (215) — (215) 215 (215) Currency translation adjustment (28,498) — (28,498) 28,498 (28,498) Pension liability adjustments, net of tax 1,923 2,001 (78) (1,923) 1,923 Comprehensive (loss) income (72,386) 29,553 (49,132) 19,579 (72,386) Net comprehensive loss attributable to redeemable and noncontrolling interests — — (4,814) — (4,814) Comprehensive (loss) income attributable to Titan $ (72,386) $ 29,553 $ (44,318) $ 19,579 $ (67,572) (Amounts in thousands) Condensed Consolidating Statements of Comprehensive Loss Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net (loss) income $ (25,714) $ (2,886) $ (5,025) $ 7,911 $ (25,714) Currency translation adjustment (19,280) — (19,280) 19,280 (19,280) Pension liability adjustments, net of tax 1,594 2,256 (662) (1,594) 1,594 Comprehensive (loss) income (43,400) (630) (24,967) 25,597 (43,400) Net comprehensive loss attributable to redeemable and noncontrolling interests — — (897) — (897) Comprehensive (loss) income attributable to Titan $ (43,400) $ (630) $ (24,070) $ 25,597 $ (42,503)
Condensed Balance Sheet [Table Text Block]	(Amounts in thousands) Condensed Consolidating Balance Sheets Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Assets Cash and cash equivalents $ 5,002 $ 3 $ 93,767 $ — $ 98,772 Accounts receivable, net — — 192,764 — 192,764 Inventories — 31,763 252,468 — 284,231 Assets held for sale 6,640 — — — 6,640 Prepaid and other current assets 4,756 16,655 34,597 — 56,008 Total current assets 16,398 48,421 573,596 — 638,415 Property, plant and equipment, net 3,784 84,724 236,451 — 324,959 Investment in subsidiaries 585,724 — 70,501 (656,225) — Other assets 2,259 5,056 45,658 — 52,973 Total assets $ 608,165 $ 138,201 $ 926,206 $ (656,225) $ 1,016,347 Liabilities and Equity Short-term debt $ — $ — $ 32,641 $ — $ 32,641 Accounts payable 2,343 23,542 124,994 — 150,879 Other current liabilities 28,465 22,854 80,415 — 131,734 Total current liabilities 30,808 46,396 238,050 — 315,254 Long-term debt 396,642 — 35,147 — 431,789 Other long-term liabilities 2,231 18,037 54,826 — 75,094 Intercompany accounts (32,322) (446,212) 478,534 — — Redeemable noncontrolling interest — — 25,000 — 25,000 Titan shareholders' equity 210,806 519,980 95,277 (656,225) 169,838 Noncontrolling interests — — (628) — (628) Total liabilities and equity $ 608,165 $ 138,201 $ 926,206 $ (656,225) $ 1,016,347 (Amounts in thousands) Condensed Consolidating Balance Sheets Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Assets Cash and cash equivalents $ 2,843 $ 4 $ 63,952 $ — $ 66,799 Accounts receivable, net — 2 185,236 — 185,238 Inventories — 41,088 292,268 — 333,356 Assets held for sale 7,203 — — — 7,203 Prepaid and other current assets 3,217 17,352 38,300 — 58,869 Total current assets 13,263 58,446 579,756 — 651,465 Property, plant and equipment, net 3,443 91,734 272,418 — 367,595 Investment in subsidiaries 763,336 — 61,019 (824,355) — Other assets 3,405 4,211 87,631 — 95,247 Total assets $ 783,447 $ 154,391 $ 1,000,824 $ (824,355) $ 1,114,307 Liabilities and Equity Short-term debt $ 514 $ 69 $ 60,670 $ — $ 61,253 Accounts payable 4,951 18,455 135,241 — 158,647 Other current liabilities 20,912 17,941 68,400 — 107,253 Total current liabilities 26,377 36,465 264,311 — 327,153 Long-term debt 431,960 — 6,509 — 438,469 Other long-term liabilities 6,493 15,443 62,761 — 84,697 Intercompany accounts 42,798 (397,847) 355,049 — — Redeemable noncontrolling interest — — 25,000 — 25,000 Titan shareholders' equity 275,819 500,330 283,057 (824,355) 234,851 Noncontrolling interests — — 4,137 — 4,137 Total liabilities and equity $ 783,447 $ 154,391 $ 1,000,824 $ (824,355) $ 1,114,307
Condensed Cash Flow Statement [Table Text Block]	(Amounts in thousands) Condensed Consolidating Statements of Cash Flows Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidated Net cash provided by operating activities $ 19,179 $ 3,631 $ 24,621 $ 47,431 Cash flows from investing activities: Capital expenditures (92) (3,884) (9,374) (13,350) Sale of Wheels India Limited shares — — 32,852 32,852 Insurance proceeds — — 4,936 4,936 Other, net 191 (8) 743 926 Net cash provided by (used for) investing activities 99 (3,892) 29,157 25,364 Cash flows from financing activities: Proceeds from borrowings 31,334 333 54,324 85,991 Payment on debt (45,348) (61) (71,192) (116,601) Dividends paid (603) — — (603) Other financing activities (2,502) (12) (209) (2,723) Net cash (used for) provided by financing activities (17,119) 260 (17,077) (33,936) Effect of exchange rate change on cash — — (6,886) (6,886) Net increase (decrease) in cash and cash equivalents 2,159 (1) 29,815 31,973 Cash and cash equivalents, beginning of period 2,843 4 63,952 66,799 Cash and cash equivalents, end of period $ 5,002 $ 3 $ 93,767 $ 98,772 (Amounts in thousands) Condensed Consolidating Statements of Cash Flows Titan Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidated Net cash provided by operating activities $ 2,683 $ 5,742 $ 22,787 $ 31,212 Cash flows from investing activities: Capital expenditures (21) (6,207) (20,026) (26,254) Payment related to redeemable noncontrolling interest agreement (71,722) — — (71,722) Other, net — 181 1,173 1,354 Net cash used for investing activities (71,743) (6,026) (18,853) (96,622) Cash flows from financing activities: Proceeds from borrowings 73,000 287 50,866 124,153 Payment on debt (14,000) — (45,296) (59,296) Dividends paid (901) — — (901) Net cash provided by financing activities 58,099 287 5,570 63,956 Effect of exchange rate change on cash — — (1,628) (1,628) Net (decrease) increase in cash and cash equivalents (10,961) 3 7,876 (3,082) Cash and cash equivalents, beginning of period 23,630 4 58,051 81,685 Cash and cash equivalents, end of period $ 12,669 $ 7 $ 65,927 $ 78,603

ACCOUNTING POLICIES (Details)

ACCOUNTING POLICIES (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Long-term Debt	$ 396,600		$ 396,600
Debt Instrument, Fair Value Disclosure	$ 300,300		$ 300,300
Common Stock, Dividends, Per Share, Declared	$ 0	$ 0.005	$ 0.005	$ 0.015
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%		6.50%
Long-term Debt	$ 400,000		$ 400,000		$ 400,000

ACCOUNTS RECEIVABLE (Details)

ACCOUNTS RECEIVABLE (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Receivables [Abstract]
Accounts receivable	$ 196,707	$ 188,952
Allowance for doubtful accounts	3,943	3,714
Accounts receivable, net	$ 192,764	$ 185,238

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Raw material	$ 77,182	$ 83,569
Work-in-process	35,436	48,369
Finished goods	171,613	201,418
Inventory, Gross	$ 284,231	$ 333,356

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 999,454		$ 999,454		$ 1,028,599
Less accumulated depreciation	(674,495)		(674,495)		(661,004)
Property, Plant and Equipment, Net	324,959		324,959		367,595
Depreciation			37,700	$ 38,900
Asset Impairment Cost	0	$ 0	3,586	$ 0
Assets	1,016,347		1,016,347		1,114,307
Assets held for sale	6,640		6,640		7,203
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	41,920		41,920		44,386
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	252,654		252,654		249,168
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	588,497		588,497		605,205
Tools, Dies and Molds [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	104,142		104,142		113,603
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	12,241		12,241		$ 16,237
Titan Tire Reclamation Corporation [Member]
Property, Plant and Equipment [Line Items]
Asset Impairment Cost			2,600
Assets	$ 500		$ 500

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	6 years 11 months 1 day
Finite-Lived Customer Relationships, Gross	$ 12,211		$ 12,629
Finite-Lived Intangible Asset, Useful Life	9 years 5 months 12 days
Finite-Lived Trademarks, Gross	$ 9,884		11,598
Finite-Lived Intangible Assets, Gross	22,095		24,227
Finite-Lived Intangible Assets, Accumulated Amortization	(14,484)		(14,461)
Intangible Assets, Net (Excluding Goodwill)	7,611		$ 9,766
Amortization of Intangible Assets	1,600	$ 1,500
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
October 1 - December 31, 2020	485
2021	1,305
2022	958
2023	958
2024	957
Thereafter	$ 2,948

WARRANTY (Details)

WARRANTY (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Product Warranty Liability [Line Items]
Warranty liability at January 1	$ 14,334	$ 16,327
Provision for warranty liabilities	4,060	3,599
Warranty payments made	(4,346)	(4,969)
Warranty liability at June 30	$ 14,048	$ 14,957

REVOLVING CREDIT FACILITY AND_3

REVOLVING CREDIT FACILITY AND LONG-TERM DEBT (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Debt Instruments [Abstract]
6.50% senior secured notes due 2023	$ 396,600
Long-term Line of Credit, Noncurrent	0	$ 36,000
Long-term Debt and Lease Obligation, Including Current Maturities	464,430	499,722
Short-term debt	32,641	61,253
Long-term debt	431,789	438,469
Debt Instrument, Unamortized Discount	(3,358)	(4,040)
Debt Instrument, Unamortized Discount, Current	0	0
Debt Instrument, Unamortized Discount (Premium), Net	(3,358)	(4,040)
Maturities of Long-term Debt [Abstract]
October 1 - December 31, 2020	16,853
2021	23,207
2022	9,954
2023	410,945
2024	6,158
Thereafter	671
Line of Credit Facility, Maximum Borrowing Capacity	125,000
Letters of Credit Outstanding, Amount	19,700
Line of Credit Facility, Current Borrowing Capacity	$ 61,400
Senior Secured Notes 6.50 Percent [Member] [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage	6.79%
Debt Instruments [Abstract]
6.50% senior secured notes due 2023	$ 400,000	400,000
Long-term Debt	396,642	395,960
Debt Instrument, Unamortized Discount	$ (3,358)	(4,040)
Maturities of Long-term Debt [Abstract]
Debt Instrument, Interest Rate, Stated Percentage	6.50%
Titan Europe [Member]
Debt Instruments [Abstract]
Other Borrowings	$ 47,457	43,591
Debt Instrument, Unamortized Discount, Noncurrent	0	0
Other Debt Obligations [Member]
Debt Instruments [Abstract]
Other debt	20,331	24,171
Debt Instrument, Unamortized Discount, Noncurrent	0	0
Titan Brazil [Member]
Debt Instruments [Abstract]
Other debt	11,800
Voltyre-Prom [Member]
Debt Instruments [Abstract]
Other debt	6,900
Long-term Debt [Member]
Debt Instruments [Abstract]
Long-term Debt and Lease Obligation, Including Current Maturities	467,788	503,762
Long-term debt	$ 435,147	$ 442,509

REDEEMABLE NONCONTROLLING INT_3

REDEEMABLE NONCONTROLLING INTEREST (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019	Jul. 31, 2019
Redeemable Noncontrolling Interest [Line Items]
Equity Method Investment, Ownership Percentage							64.30%
Balance at January 1				$ 119,813	$ 25,000	$ 119,813
Noncontrolling Interest, Period Increase (Decrease)		$ 0			0	(49,883)
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest		(220)	$ (265)	(334)	0	(819)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax, Portion Attributable to Noncontrolling Interest		(66)	321	428	0	683
Redemption value adjustment	$ 0	491	661	776	0	1,928
Balance at June 30	$ 25,000	25,000			25,000	25,000
AOCI Attributable to Parent [Member]
Redeemable Noncontrolling Interest [Line Items]
Noncontrolling Interest, Period Increase (Decrease)		(6,203)
Additional paid-in capital [Member]
Redeemable Noncontrolling Interest [Line Items]
Noncontrolling Interest, Period Increase (Decrease)		6,203
Redemption value adjustment		$ 491	$ 661	$ 776
One Equity Partners [Member]
Redeemable Noncontrolling Interest [Line Items]
Payment of interest on redeemable noncontrolling interest					$ 0	$ (46,722)
RDIF [Member]
Redeemable Noncontrolling Interest [Line Items]
Equity Method Investment, Ownership Percentage							35.70%

LEASE COMMITMENTS (Details)

LEASE COMMITMENTS (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Leases [Abstract]
Operating Lease, Right-of-Use Asset	$ 21,936	$ 23,914
Operating Lease, Liability, Current	6,798	6,729
Operating Lease, Liability, Noncurrent	15,126	17,360
Operating Lease, Liability	21,924	24,089
Finance Lease, Gross	6,374	6,684
Finance Lease Accumulated Depreciation	(2,837)	(2,194)
Finance Lease, Right-of-Use Asset	3,537	4,490
Finance Lease, Liability, Current	871	1,110
Finance Lease, Liability, Noncurrent	3,118	3,770
Finance Lease, Liability	3,989	$ 4,880
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
July 1 - December 31, 2020	1,936
2021	6,540
2022	5,101
2023	3,477
2024	2,083
Thereafter	3,698
Total lease payments	22,835
Less imputed interest	911
Finance Lease, Liability, Payment, Due [Abstract]
April 1 - December 31, 2020	424
2021	1,667
2022	1,580
2023	1,135
2024	426
Thereafter	197
Total lease payment	5,429
Lease imputed interest	$ 1,440
Operating Lease, Weighted Average Remaining Lease Term	4 years 3 months 10 days
Finance Lease, Weighted Average Remaining Lease Term	3 years 1 month 9 days
Operating Lease, Payments	$ 5,800
Finance Lease, Interest Payment on Liability	$ 300

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Contributions by Employer			$ 1,400
Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year	$ 700		700
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	200	$ 228	728	$ 658
Interest cost	857	1,075	2,595	3,304
Expected return on assets	(1,360)	(1,186)	(4,078)	(3,563)
Amortization of unrecognized prior service cost	0	56	0	169
Amortization of net unrecognized loss	696	766	2,088	2,296
Net periodic pension cost	$ 393	$ 939	$ 1,333	$ 2,864

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jul. 31, 2019	Dec. 31, 2018
Variable Interest Entity [Line Items]
Cash and Cash Equivalents, at Carrying Value	$ 98,772	$ 66,799	$ 78,603		$ 81,685
Inventories	284,231	333,356
Property, Plant and Equipment, Net	324,959	367,595
Other Assets, Noncurrent	52,973	95,247
Total assets	1,016,347	1,114,307
Total current liabilities	315,254	327,153
Total liabilities	822,137	850,319
Accounts payable	150,879	158,647
Variable Interest Entity, Not Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Other Assets, Current	0	0
Investments	5,177	4,973
Total VIE assets	5,177	4,973
Accounts payable	1,120	2,006
Maximum exposure to loss	$ 6,297	6,979
Titan Tire Reclamation Corporation [Member]
Variable Interest Entity [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage	50.00%
Total assets	$ 500
Titan National Australia Holdings [Member]
Variable Interest Entity [Line Items]
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage	40.00%
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Cash and Cash Equivalents, at Carrying Value	$ 1,640	2,190
Inventories	1,054	1,070
Other Assets, Current	1,320	1,027
Property, Plant and Equipment, Net	1,231	1,327
Total assets	5,245	5,614
Total current liabilities	54	1,110
Liabilities, Noncurrent	960	579
Total liabilities	$ 1,014	$ 1,689
Titan Tire Russia B.V. [Member]
Variable Interest Entity [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent			43.00%	64.30%

RESTRUCTURING ACTIVITIES (Detai

RESTRUCTURING ACTIVITIES (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	$ 0	$ 0.4
Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost	$ 1

ROYALTY EXPENSE (Details)

ROYALTY EXPENSE (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Other Income and Expenses [Abstract]
Royalty expense	$ 2,434	$ 2,453	$ 7,309	$ 7,507

OTHER INCOME (Details)

OTHER INCOME (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Other Income and Expenses [Abstract]
Insurance Recoveries	$ 0	$ 0	$ 4,936	$ 0
Gain (Loss) on Investments	0	4,695	(703)	(4,695)
Income (Loss) from Equity Method Investments	227	445	596	2,294
Gain (Loss) on Disposition of Assets	(58)	(59)	834	708
Building rental income	512	362	1,226	1,096
Other Nonrecurring Expense	892	0	1,402	0
Other Nonoperating Income	710		820
Other Nonoperating Expense		(377)		(1,303)
Other income (expense)	$ 2,283	$ 5,066	$ 9,111	$ 7,490

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 342	$ 2,064	$ 2,377	$ 761
Effective Income Tax Rate, Continuing Operations	(3.00%)	(11.00%)	(5.00%)	(3.00%)

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net loss attributable to Titan	$ (12,643)	$ (19,144)			$ (43,174)	$ (23,590)
Redemption value adjustment	0	(491)	$ (661)	$ (776)	0	(1,928)
Net income (loss) applicable to common shareholders	$ (12,643)	$ (19,635)			$ (43,174)	$ (25,518)
Weighted Average Number of Shares Outstanding, Basic	60,926	60,161			60,630	60,037
Effect of equity awards	0	0			0	0
Weighted average shares outstanding (diluted)	60,926	60,161			60,630	60,037
Earnings Per Share, Basic and Diluted	$ (0.21)	$ (0.33)			$ (0.71)	$ (0.43)
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	539				261

LITIGATION (Details)

LITIGATION (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2017	Sep. 30, 2020	Dec. 31, 2019	Dec. 31, 2015
Loss Contingencies [Line Items]
Accrual for Environmental Loss Contingencies, Revision in Estimates		$ 1,050
Accrual for Environmental Loss Contingencies			$ 11,500
Legal Appeal Bond				$ 6,000
Judicial Ruling [Member]
Loss Contingencies [Line Items]
Loss Contingency Accrual					$ 1,620
Unfavorable Regulatory Action [Member]
Loss Contingencies [Line Items]
Accrual for Environmental Loss Contingencies, Revision in Estimates	$ 5,450

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 304,772	$ 345,905	$ 932,405	$ 1,146,876
Gross profit (loss)	31,317	27,100	88,428	110,672
Income (loss) from operations	(6,808)	(12,616)	(19,512)	(10,910)
Interest expense	(7,251)	(8,164)	(23,076)	(23,751)
Foreign Currency Transaction Gain (Loss), before Tax	(1,336)	(2,266)	(9,742)	2,218
Other Nonoperating Income (Expense)	2,283	5,066	9,111	7,490
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	(13,112)	(17,980)	(43,219)	(24,953)
Assets	1,016,347		1,016,347		$ 1,114,307
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	304,772	345,905	932,405	1,146,876
Gross profit (loss)	31,317	27,100	88,428	110,672
Income (loss) from operations	(6,808)	(12,616)	(19,512)	(10,910)
Operating Segments [Member] | Agricultural [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	153,067	156,625	473,272	512,639
Gross profit (loss)	16,191	10,426	45,830	46,798
Income (loss) from operations	3,091	(1,230)	5,389	17,062
Assets	437,994		437,994		423,955
Operating Segments [Member] | Earthmoving/construction [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	123,227	155,659	372,606	517,186
Gross profit (loss)	12,409	12,935	34,777	50,806
Income (loss) from operations	656	(2,938)	(8,240)	8,293
Assets	458,890		458,890		496,988
Operating Segments [Member] | Consumer [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	28,478	33,621	86,527	117,051
Gross profit (loss)	2,717	3,739	7,821	13,068
Income (loss) from operations	(88)	(229)	1,042	3,120
Assets	94,092		94,092		123,320
Operating Segments [Member] | Unallocated Amount to Segment [Member]
Segment Reporting Information [Line Items]
Income (loss) from operations	(10,467)	$ (8,219)	(17,703)	$ (39,385)
Assets	$ 25,371		$ 25,371		$ 70,044

SEGMENT INFORMATION ASSETS (Det

SEGMENT INFORMATION ASSETS (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Assets	$ 1,016,347	$ 1,114,307
Operating Segments [Member] | Agricultural [Member]
Segment Reporting Information [Line Items]
Assets	437,994	423,955
Operating Segments [Member] | Earthmoving/construction [Member]
Segment Reporting Information [Line Items]
Assets	458,890	496,988
Operating Segments [Member] | Consumer [Member]
Segment Reporting Information [Line Items]
Assets	94,092	123,320
Operating Segments [Member] | Unallocated Amount to Segment [Member]
Segment Reporting Information [Line Items]
Assets	$ 25,371	$ 70,044

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019	Jul. 31, 2019
Related Party Transaction [Line Items]
Related Party Transaction, Revenues from Transactions with Related Party	$ 0.1	$ 0.3	$ 0.6	$ 0.9
Related Party Transaction, Due from (to) Related Party	0.2		0.2		$ 0.2
Related Party Transaction, Expenses from Transactions with Related Party	$ 0.3	$ 0.4	$ 1	$ 1.1
Equity Method Investment, Ownership Percentage						64.30%
RDIF [Member]
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage						35.70%

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Jun. 30, 2020	Dec. 31, 2019
Stockholders' Equity Note [Abstract]
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	$ (218,612)		$ (218,612)		$ (223,988)	$ (192,507)
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), after Adjustments, before Tax, Parent	(17)		(215)
AOCI, Derivative Qualifying as Hedge, Excluded Component, after Tax	(215)		(215)		(198)	0
Currency translation adjustments	5,376		(26,105)
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax	(24,221)		(24,221)		(24,796)	(26,144)
Amortization of unrecognized losses and prior service cost, net of tax	575		1,923
Accumulated other comprehensive loss	(243,048)		(243,048)		$ (248,982)	$ (218,651)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	$ 45	$ 79	$ 65	$ 311

SUBSIDIARY GUARANTOR FINANCIA_3

SUBSIDIARY GUARANTOR FINANCIAL INFORMATION (Details) - USD ($) $ in Thousands	Jul. 31, 2019	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
Condensed Financial Statements, Captions [Line Items]
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax		$ (17)			$ 0			$ (215)	$ 0
Income Statement [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax		304,772			345,905			932,405	1,146,876
Cost of sales		273,455			318,805			840,391	1,036,204
Asset Impairment Cost		0			0			3,586	0
Gross profit (loss)		31,317			27,100			88,428	110,672
Selling, General and Administrative Expense		33,451			34,954			93,849	106,605
Research and Development Expense		2,240			2,309			6,782	7,470
Royalty expense		2,434			2,453			7,309	7,507
Income (loss) from operations		(6,808)			(12,616)			(19,512)	(10,910)
Interest expense		(7,251)			(8,164)			(23,076)	(23,751)
Intercompany Interest Expense Income		0			0			0	0
Foreign Currency Transaction Gain (Loss), before Tax		(1,336)			(2,266)			(9,742)	2,218
Other Nonoperating Income (Expense)		2,283			5,066			9,111	7,490
Loss before income taxes		(13,112)			(17,980)			(43,219)	(24,953)
Provision for income taxes		342			2,064			2,377	761
Equity in Net Earnings (Loss) of Subsidiaries		0			0			0	0
Net income (loss)		(13,454)			(20,044)			(45,596)	(25,714)
Net loss attributable to noncontrolling interests		(811)			(900)			(2,422)	(2,124)
Net income (loss) attributable to Titan		(12,643)			(19,144)			(43,174)	(23,590)
Comprehensive Income Statement [Abstract]
Net income (loss)		(13,454)			(20,044)			(45,596)	(25,714)
Currency translation adjustment		4,275			(20,324)			(28,498)	(19,280)
Pension liability adjustments, net of tax		575	$ 40	$ 1,308	590	$ 538	$ 466	1,923	1,594
Comprehensive income (loss)		(8,621)			(39,778)			(72,386)	(43,400)
Net comprehensive loss attributable to redeemable and noncontrolling interests		(1,912)			(1,213)			(4,814)	(897)
Comprehensive income (loss) attributable to Titan		(6,709)			(38,565)			(67,572)	(42,503)
Statement of Financial Position [Abstract]
Cash and cash equivalents		98,772			78,603			98,772	78,603	$ 66,799	$ 81,685
Accounts Receivable, after Allowance for Credit Loss, Current		192,764						192,764		185,238
Inventory, Net		284,231						284,231		333,356
Prepaid Expense and Other Assets, Current		56,008						56,008		58,869
Total current assets		638,415						638,415		651,465
Property, Plant and Equipment, Net		324,959						324,959		367,595
Equity Method Investments		0						0		0
Other Assets, Noncurrent		52,973						52,973		95,247
Total assets		1,016,347						1,016,347		1,114,307
Short-term debt		32,641						32,641		61,253
Accounts payable		150,879						150,879		158,647
Other current liabilities		131,734						131,734		107,253
Total current liabilities		315,254						315,254		327,153
Long-term debt		431,789						431,789		438,469
Liabilities, Other than Long-term Debt, Noncurrent		75,094						75,094		84,697
Intercompany Accounts, Net		0						0		0
Redeemable noncontrolling interest		25,000			25,000			25,000	25,000	25,000	119,813
Stockholders' Equity Attributable to Parent		169,838						169,838		234,851
Stockholders' Equity Attributable to Noncontrolling Interest		(628)						(628)		4,137
Total liabilities and equity		1,016,347						1,016,347		1,114,307
Statement of Cash Flows [Abstract]
Net cash provided by (used for) operating activities								47,431	31,212
Capital expenditures								(13,350)	(26,254)
Payments for (Proceeds from) Investments								(32,852)	0
Proceeds from Insurance Settlement, Investing Activities								4,936	0
Payment related to redeemable noncontrolling interest agreement	$ (30,700)				(16,000)			0	(71,722)
Payments for (Proceeds from) Other Investing Activities								926	1,354
Net cash provided by (used for) investing activities								25,364	(96,622)
Proceeds from borrowings								85,991	124,153
Repayments of Other Debt								(116,601)	(59,296)
Payments of Dividends, Common Stock								(603)	(901)
Proceeds from (Payments for) Other Financing Activities								(2,723)
Net cash provided by (used for) financing activities								(33,936)	63,956
Effect of Exchange Rate on Cash and Cash Equivalents								(6,886)	(1,628)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect								31,973	(3,082)
Cash and cash equivalents		98,772			78,603			98,772	78,603	66,799	81,685
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax, Portion Attributable to Noncontrolling Interest					(66)	$ 321	$ 428	0	683
Assets held for sale		6,640						6,640		7,203
Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax		(17)						(215)
Income Statement [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax		0			0			0	0
Cost of sales		202			107			525	248
Asset Impairment Cost		0						1,007
Gross profit (loss)		(202)			(107)			(1,532)	(248)
Selling, General and Administrative Expense		5,180			1,513			16,519	4,694
Research and Development Expense		209			276			664	768
Royalty expense		654			679			2,147	1,743
Income (loss) from operations		(6,245)			(2,575)			(20,862)	(7,453)
Interest expense		(6,986)			(7,281)			(21,241)	(21,311)
Intercompany Interest Expense Income		527			884			1,586	2,158
Foreign Currency Transaction Gain (Loss), before Tax		0			(47)			0	(69)
Other Nonoperating Income (Expense)		322			358			1,330	1,162
Loss before income taxes		(12,382)			(8,661)			(39,187)	(25,513)
Provision for income taxes		(1,851)			635			(3,764)	(6,390)
Equity in Net Earnings (Loss) of Subsidiaries		(2,923)			(10,748)			(10,173)	(6,591)
Net income (loss)		(13,454)			(20,044)			(45,596)	(25,714)
Net loss attributable to noncontrolling interests		0			0			0	0
Net income (loss) attributable to Titan		(13,454)			(20,044)			(45,596)	(25,714)
Comprehensive Income Statement [Abstract]
Net income (loss)		(13,454)			(20,044)			(45,596)	(25,714)
Currency translation adjustment		4,275			(20,324)			(28,498)	(19,280)
Pension liability adjustments, net of tax		575			590			1,923	1,594
Comprehensive income (loss)		(8,621)			(39,778)			(72,386)	(43,400)
Net comprehensive loss attributable to redeemable and noncontrolling interests		0			0			0	0
Comprehensive income (loss) attributable to Titan		(8,621)			(39,778)			(72,386)	(43,400)
Statement of Financial Position [Abstract]
Cash and cash equivalents		5,002			12,669			5,002	12,669	2,843	23,630
Accounts Receivable, after Allowance for Credit Loss, Current		0						0		0
Inventory, Net		0						0		0
Prepaid Expense and Other Assets, Current		4,756						4,756		3,217
Total current assets		16,398						16,398		13,263
Property, Plant and Equipment, Net		3,784						3,784		3,443
Equity Method Investments		585,724						585,724		763,336
Other Assets, Noncurrent		2,259						2,259		3,405
Total assets		608,165						608,165		783,447
Short-term debt		0						0		514
Accounts payable		2,343						2,343		4,951
Other current liabilities		28,465						28,465		20,912
Total current liabilities		30,808						30,808		26,377
Long-term debt		396,642						396,642		431,960
Liabilities, Other than Long-term Debt, Noncurrent		2,231						2,231		6,493
Intercompany Accounts, Net		(32,322)						(32,322)		42,798
Redeemable noncontrolling interest		0						0		0
Stockholders' Equity Attributable to Parent		210,806						210,806		275,819
Stockholders' Equity Attributable to Noncontrolling Interest		0						0		0
Total liabilities and equity		608,165						608,165		783,447
Statement of Cash Flows [Abstract]
Net cash provided by (used for) operating activities								19,179	2,683
Capital expenditures								(92)	(21)
Payments for (Proceeds from) Investments								0
Proceeds from Insurance Settlement, Investing Activities								0
Payment related to redeemable noncontrolling interest agreement									(71,722)
Payments for (Proceeds from) Other Investing Activities								191	0
Net cash provided by (used for) investing activities								99	(71,743)
Proceeds from borrowings								(31,334)	(73,000)
Repayments of Other Debt								(45,348)	(14,000)
Payments of Dividends, Common Stock								(603)	(901)
Proceeds from (Payments for) Other Financing Activities								(2,502)
Net cash provided by (used for) financing activities								(17,119)	58,099
Effect of Exchange Rate on Cash and Cash Equivalents								0	0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect								2,159	(10,961)
Cash and cash equivalents		5,002			12,669			5,002	12,669	2,843	23,630
Assets held for sale		6,640						6,640		7,203
Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax		0						0
Income Statement [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax		119,850			141,133			406,810	475,652
Cost of sales		108,642			134,169			367,998	438,535
Asset Impairment Cost		0						0
Gross profit (loss)		11,208			6,964			38,812	37,117
Selling, General and Administrative Expense		2,593			12,094			6,738	35,299
Research and Development Expense		769			678			2,239	2,263
Royalty expense		855			860			2,694	3,005
Income (loss) from operations		6,991			(6,668)			27,141	(3,450)
Interest expense		96			5			81	5
Intercompany Interest Expense Income		530			841			1,709	2,731
Foreign Currency Transaction Gain (Loss), before Tax		(99)			(152)			(981)	(156)
Other Nonoperating Income (Expense)		119			(528)			(142)	(1,606)
Loss before income taxes		7,637			(6,502)			27,808	(2,476)
Provision for income taxes		79			126			256	410
Equity in Net Earnings (Loss) of Subsidiaries		0			0			0	0
Net income (loss)		7,558			(6,628)			27,552	(2,886)
Net loss attributable to noncontrolling interests		0			0			0	0
Net income (loss) attributable to Titan		7,558			(6,628)			27,552	(2,886)
Comprehensive Income Statement [Abstract]
Net income (loss)		7,558			(6,628)			27,552	(2,886)
Currency translation adjustment		0			0			0	0
Pension liability adjustments, net of tax		667			753			2,001	2,256
Comprehensive income (loss)		8,225			(5,875)			29,553	(630)
Net comprehensive loss attributable to redeemable and noncontrolling interests		0			0			0	0
Comprehensive income (loss) attributable to Titan		8,225			(5,875)			29,553	(630)
Statement of Financial Position [Abstract]
Cash and cash equivalents		3			7			3	7	4	4
Accounts Receivable, after Allowance for Credit Loss, Current		0						0		2
Inventory, Net		31,763						31,763		41,088
Prepaid Expense and Other Assets, Current		16,655						16,655		17,352
Total current assets		48,421						48,421		58,446
Property, Plant and Equipment, Net		84,724						84,724		91,734
Equity Method Investments		0						0		0
Other Assets, Noncurrent		5,056						5,056		4,211
Total assets		138,201						138,201		154,391
Short-term debt		0						0		69
Accounts payable		23,542						23,542		18,455
Other current liabilities		22,854						22,854		17,941
Total current liabilities		46,396						46,396		36,465
Long-term debt		0						0		0
Liabilities, Other than Long-term Debt, Noncurrent		18,037						18,037		15,443
Intercompany Accounts, Net		(446,212)						(446,212)		(397,847)
Redeemable noncontrolling interest		0						0		0
Stockholders' Equity Attributable to Parent		519,980						519,980		500,330
Stockholders' Equity Attributable to Noncontrolling Interest		0						0		0
Total liabilities and equity		138,201						138,201		154,391
Statement of Cash Flows [Abstract]
Net cash provided by (used for) operating activities								3,631	5,742
Capital expenditures								(3,884)	(6,207)
Payments for (Proceeds from) Investments								0
Proceeds from Insurance Settlement, Investing Activities								0
Payment related to redeemable noncontrolling interest agreement									0
Payments for (Proceeds from) Other Investing Activities								(8)	181
Net cash provided by (used for) investing activities								(3,892)	(6,026)
Proceeds from borrowings								(333)	(287)
Repayments of Other Debt								(61)	0
Payments of Dividends, Common Stock								0	0
Proceeds from (Payments for) Other Financing Activities								(12)
Net cash provided by (used for) financing activities								260	287
Effect of Exchange Rate on Cash and Cash Equivalents								0	0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect								(1)	3
Cash and cash equivalents		3			7			3	7	4	4
Assets held for sale		0						0		0
Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax		(17)						(215)
Income Statement [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax		305,097			345,992			933,657	1,147,568
Cost of sales		284,786			325,749			879,930	1,073,765
Asset Impairment Cost		0						2,579
Gross profit (loss)		20,311			20,243			51,148	73,803
Selling, General and Administrative Expense		25,678			21,347			70,592	66,612
Research and Development Expense		1,262			1,355			3,879	4,439
Royalty expense		925			914			2,468	2,759
Income (loss) from operations		(7,554)			(3,373)			(25,791)	(7)
Interest expense		(361)			(888)			(1,916)	(2,445)
Intercompany Interest Expense Income		(1,057)			(1,725)			(3,295)	(4,889)
Foreign Currency Transaction Gain (Loss), before Tax		(1,237)			(2,067)			(8,761)	2,443
Other Nonoperating Income (Expense)		1,842			5,236			7,923	7,934
Loss before income taxes		(8,367)			(2,817)			(31,840)	3,036
Provision for income taxes		2,114			1,303			5,885	6,741
Equity in Net Earnings (Loss) of Subsidiaries		3,315			(1,851)			17,384	(1,320)
Net income (loss)		(7,166)			(5,971)			(20,341)	(5,025)
Net loss attributable to noncontrolling interests		(811)			(900)			(2,422)	(2,124)
Net income (loss) attributable to Titan		(6,355)			(5,071)			(17,919)	(2,901)
Comprehensive Income Statement [Abstract]
Net income (loss)		(7,166)			(5,971)			(20,341)	(5,025)
Currency translation adjustment		4,275			(20,324)			(28,498)	(19,280)
Pension liability adjustments, net of tax		(92)			(163)			(78)	(662)
Comprehensive income (loss)		(3,000)			(26,458)			(49,132)	(24,967)
Net comprehensive loss attributable to redeemable and noncontrolling interests		(1,912)			(1,213)			(4,814)	(897)
Comprehensive income (loss) attributable to Titan		(1,088)			(25,245)			(44,318)	(24,070)
Statement of Financial Position [Abstract]
Cash and cash equivalents		93,767			65,927			93,767	65,927	63,952	58,051
Accounts Receivable, after Allowance for Credit Loss, Current		192,764						192,764		185,236
Inventory, Net		252,468						252,468		292,268
Prepaid Expense and Other Assets, Current		34,597						34,597		38,300
Total current assets		573,596						573,596		579,756
Property, Plant and Equipment, Net		236,451						236,451		272,418
Equity Method Investments		70,501						70,501		61,019
Other Assets, Noncurrent		45,658						45,658		87,631
Total assets		926,206						926,206		1,000,824
Short-term debt		32,641						32,641		60,670
Accounts payable		124,994						124,994		135,241
Other current liabilities		80,415						80,415		68,400
Total current liabilities		238,050						238,050		264,311
Long-term debt		35,147						35,147		6,509
Liabilities, Other than Long-term Debt, Noncurrent		54,826						54,826		62,761
Intercompany Accounts, Net		478,534						478,534		355,049
Redeemable noncontrolling interest		25,000						25,000		25,000
Stockholders' Equity Attributable to Parent		95,277						95,277		283,057
Stockholders' Equity Attributable to Noncontrolling Interest		(628)						(628)		4,137
Total liabilities and equity		926,206						926,206		1,000,824
Statement of Cash Flows [Abstract]
Net cash provided by (used for) operating activities								24,621	22,787
Capital expenditures								(9,374)	(20,026)
Payments for (Proceeds from) Investments								(32,852)
Proceeds from Insurance Settlement, Investing Activities								(4,936)
Payment related to redeemable noncontrolling interest agreement									0
Payments for (Proceeds from) Other Investing Activities								743	1,173
Net cash provided by (used for) investing activities								29,157	(18,853)
Proceeds from borrowings								54,324	50,866
Repayments of Other Debt								(71,192)	(45,296)
Payments of Dividends, Common Stock								0	0
Proceeds from (Payments for) Other Financing Activities								(209)
Net cash provided by (used for) financing activities								(17,077)	5,570
Effect of Exchange Rate on Cash and Cash Equivalents								(6,886)	(1,628)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect								29,815	7,876
Cash and cash equivalents		93,767			65,927			93,767	65,927	63,952	$ 58,051
Assets held for sale		0						0		0
Consolidation, Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax		17						215
Income Statement [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax		(120,175)			(141,220)			(408,062)	(476,344)
Cost of sales		(120,175)			(141,220)			(408,062)	(476,344)
Asset Impairment Cost		0						0
Gross profit (loss)		0			0			0	0
Selling, General and Administrative Expense		0			0			0	0
Research and Development Expense		0			0			0	0
Royalty expense		0			0			0	0
Income (loss) from operations		0			0			0	0
Interest expense		0			0			0	0
Intercompany Interest Expense Income		0			0			0	0
Foreign Currency Transaction Gain (Loss), before Tax		0			0			0	0
Other Nonoperating Income (Expense)		0			0			0	0
Loss before income taxes		0			0			0	0
Provision for income taxes		0			0			0	0
Equity in Net Earnings (Loss) of Subsidiaries		(392)			12,599			(7,211)	7,911
Net income (loss)		(392)			12,599			(7,211)	7,911
Net loss attributable to noncontrolling interests		0			0			0	0
Net income (loss) attributable to Titan		(392)			12,599			(7,211)	7,911
Comprehensive Income Statement [Abstract]
Net income (loss)		(392)			12,599			(7,211)	7,911
Currency translation adjustment		(4,275)			20,324			28,498	19,280
Pension liability adjustments, net of tax		(575)			(590)			(1,923)	(1,594)
Comprehensive income (loss)		(5,225)			32,333			19,579	25,597
Net comprehensive loss attributable to redeemable and noncontrolling interests		0			0			0	0
Comprehensive income (loss) attributable to Titan		(5,225)			$ 32,333			19,579	$ 25,597
Statement of Financial Position [Abstract]
Cash and cash equivalents		0						0		0
Accounts Receivable, after Allowance for Credit Loss, Current		0						0		0
Inventory, Net		0						0		0
Prepaid Expense and Other Assets, Current		0						0		0
Total current assets		0						0		0
Property, Plant and Equipment, Net		0						0		0
Equity Method Investments		(656,225)						(656,225)		(824,355)
Other Assets, Noncurrent		0						0		0
Total assets		(656,225)						(656,225)		(824,355)
Short-term debt		0						0		0
Accounts payable		0						0		0
Other current liabilities		0						0		0
Total current liabilities		0						0		0
Long-term debt		0						0		0
Liabilities, Other than Long-term Debt, Noncurrent		0						0		0
Intercompany Accounts, Net		0						0		0
Redeemable noncontrolling interest		0						0		0
Stockholders' Equity Attributable to Parent		(656,225)						(656,225)		(824,355)
Stockholders' Equity Attributable to Noncontrolling Interest		0						0		0
Total liabilities and equity		(656,225)						(656,225)		(824,355)
Statement of Cash Flows [Abstract]
Cash and cash equivalents		0						0		0
Assets held for sale		$ 0						$ 0		$ 0