Titan International (TWI) 10-Q 3 May 23 2023 Q1 Quarterly report Financial data

Document and Entitiy Informatio

Document and Entitiy Information - shares	3 Months Ended
	Mar. 31, 2023	Apr. 24, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
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	1525 Kautz Road, Suite 600
Entity Address, City or Town	West Chicago
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60185
City Area Code	630
Local Phone Number	377-0486
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	Large 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	2023
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		63,127,418

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenue from Contract with Customer, Excluding Assessed Tax	$ 548,644	$ 555,997
Cost of sales	453,087	469,268
Gross profit	95,557	86,729
Selling, general and administrative expenses	34,472	36,227
Research and development expenses	3,014	2,920
Royalty expense	2,935	2,874
Income (loss) from operations	55,136	44,708
Interest expense, net	(6,492)	(7,907)
Foreign exchange (loss) gain	(1,760)	5,317
Other income	762	(8,859)
Income before income taxes	47,646	33,259
Provision for income taxes	14,216	8,681
Net income	33,430	24,578
Net income attributable to noncontrolling interests	1,592	656
Net income attributable to Titan and applicable to common shareholders	$ 31,838	$ 23,922
Earnings per common share:
Basic	$ 0.51	$ 0.37
Diluted	$ 0.50	$ 0.37
Average common shares and equivalents outstanding:
Basic	62,905	63,860
Diluted	63,621	64,350

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net income	$ 33,430	$ 24,578
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	(111)	303
Currency translation adjustment	6,944	17,275
Pension liability adjustments, net of tax of $11 and $(182), respectively	(30)	544
Comprehensive income (loss)	40,233	42,700
Net comprehensive (loss) income attributable to redeemable and noncontrolling interests	497	(526)
Comprehensive income (loss) attributable to Titan	$ 39,736	$ 43,226

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	$ 11	$ (182)

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 164,116	$ 159,577
Accounts receivable, net	325,968	266,758
Inventories	388,980	397,223
Prepaid and other current assets	91,404	86,070
Total current assets	970,468	909,628
Property, plant and equipment, net	300,447	296,605
Operating Lease, Right-of-Use Asset	7,805	8,932
Deferred income taxes	34,899	38,736
Other long-term assets	31,188	30,729
Total assets	1,344,807	1,284,630
Current liabilities
Short-term debt	23,836	30,857
Accounts payable	276,072	263,376
Other current liabilities	167,954	151,928
Total current liabilities	467,862	446,161
Long-term debt	413,371	414,761
Deferred income taxes	3,438	3,425
Other long-term liabilities	36,929	37,145
Total liabilities	$ 921,600	$ 901,492
Common Stock, par value	$ 0.0001
Common Stock, shares authorized (in shares)	120,000,000
Common Stock, shares issued (in shares)	66,525,269	66,525,269
Treasury Stock, Common, Shares	3,440,207	3,681,308
Titan stockholders' equity
Common stock ($0.0001 par value, 120,000,000 shares authorized, 66,525,269 issued at March 31, 2023 and 66,525,269 at December 31, 2022)	$ 0	$ 0
Additional paid-in capital	564,493	565,546
Retained earnings	122,701	90,863
Treasury stock (at cost, 3,440,207 shares at March 31, 2023 and 3,681,308 shares at December 31, 2022)	(22,529)	(23,418)
Accumulated other comprehensive loss	(243,857)	(251,755)
Total Titan shareholders’ equity	420,808	381,236
Noncontrolling interests	2,399	1,902
Total equity	423,207	383,138
Total liabilities and equity	$ 1,344,807	$ 1,284,630

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical)	Mar. 31, 2023 shares
Liabilities and Equity [Abstract]
Common Stock, shares, outstanding (in shares)	63,085,062

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]	Accumulated other comprehensive income (loss) [Member]	Parent [Member]	Noncontrolling interest [Member]	Treasury Stock, Common
Balance, Beginning (in shares) at Dec. 31, 2021		66,411,784
Balance, Beginning at Dec. 31, 2021	$ (227,172)		$ (562,340)	$ 85,439	$ 246,480	$ (229,300)	$ 2,128	$ 1,121
Net income	24,578			23,922		23,922
Currency translation adjustment, net	17,275				18,457	(18,457)	(1,182)
Temporary Equity, Foreign Currency Translation Adjustments	(17,275)
Pension liability adjustments, net of tax	544				(544)	(544)
Derivative, Gain on Derivative	303				303	303
Stock Issued During Period, Shares, Restricted Stock Award, Gross		212,440
Stock-based compensation	488		(851)			488		1,339
Issuance of treasury stock under 401(k) plan		32,609
Issuance of treasury stock under 401(k) plan	360		360			360
Treasury Stock, Value, Acquired, Cost Method								25,000
Stock Repurchased During Period, Shares		4,032,259
Treasury Stock, Value, Acquired, Par Value Method	(25,000)					(25,000)
Balance, Ending (in shares) at Mar. 31, 2022		62,624,574
Balance, Ending at Mar. 31, 2022	(245,720)		(561,849)	61,517	227,176	(248,374)	2,654	24,782
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	24,578
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest							656
Balance, Beginning (in shares) at Dec. 31, 2022		62,843,961
Balance, Beginning at Dec. 31, 2022	(383,138)		(565,546)	(90,863)	251,755	(381,236)	(1,902)	23,418
Net income	33,430			31,838		31,838
Currency translation adjustment, net	6,944				8,039	8,039	(1,095)
Temporary Equity, Foreign Currency Translation Adjustments	6,944
Pension liability adjustments, net of tax	(30)				(30)	(30)
Derivative, Loss on Derivative	(111)				111	111
Stock Issued During Period, Shares, Restricted Stock Award, Gross		322,157
Stock-based compensation	700		(1,303)			700		2,003
Issuance of treasury stock under 401(k) plan		28,733
Issuance of treasury stock under 401(k) plan	429		250			429		179
Treasury Stock, Value, Acquired, Cost Method	$ 1,300							1,293
Stock Repurchased During Period, Shares	109,789	109,789
Treasury Stock, Value, Acquired, Par Value Method	$ (1,293)					(1,293)
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest							1,592
Balance, Ending (in shares) at Mar. 31, 2023	63,085,062
Balance, Ending at Mar. 31, 2023	$ (423,207)		$ (564,493)	$ (122,701)	$ 243,857	$ (420,808)	$ (2,399)	$ 22,529
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	$ 33,430

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net income	$ 33,430	$ 24,578
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Depreciation and amortization	10,830	11,348
Gain (Loss) on Disposition of Business	0	10,890
Deferred income tax provision	4,089	995
Unrealized Gain (Loss) on Investments	(10)	(110)
Stock-based compensation	700	488
Issuance of stock under 401(k) plan	429	360
Foreign currency gain	(230)	(5,448)
(Increase) decrease in assets:
Accounts receivable	(58,541)	(57,332)
Inventories	11,486	(34,240)
Prepaid and other current assets	(3,932)	(9,606)
Other assets	(459)	(330)
Increase in liabilities:
Accounts payable	10,237	23,918
Other current liabilities	15,947	13,728
Other liabilities	110	2,244
Net cash provided by (used for) operating activities	24,086	(18,517)
Cash flows from investing activities:
Capital expenditures	(11,698)	(7,637)
Payments for (Proceeds from) Investments	0	9,293
Proceeds from Sales of Assets, Investing Activities	258	756
Net cash (used for) provided by investing activities	(11,440)	2,412
Cash flows from financing activities:
Proceeds from borrowings	2,360	76,782
Payments for Repurchase of Common Stock	(1,293)	(25,000)
Payment on debt	(11,382)	(39,483)
Proceeds from (Payments for) Other Financing Activities	(130)	(586)
Net cash (used for) provided by financing activities	(10,445)	11,713
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations	2,338	4,428
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	4,539	36
Supplemental information:
Interest paid	863	869
Income taxes paid, net of refunds received	3,767	2,083
Cash and cash equivalents	$ 164,116	$ 98,144

ACCOUNTING POLICIES

ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
ACCOUNTING POLICIES	BASIS OF PRESENTATION AND SIGNIFICANT 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. The accompanying 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 and the results of operations and cash flows for the periods presented, 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, 2022, filed with the SEC on February 27, 2023 (the 2022 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 impact on the Company was less during the first quarter of 2023 than in the comparable period in 2022. The Company’s operations continued with additional sanitary and other protective health measures which have increased operating costs. While the Company's operations returned to historical levels during 2022 and continuing into the first quarter of 2023, global supply chains are still experiencing constraints following the COVID-19 pandemic, including availability and pricing of raw materials, transportation and labor. 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. Our 7.00% senior secured notes due 2028 were carried at a cost of $395.6 million at March 31, 2023. The fair value of the senior secured notes due 2028 at March 31, 2023, as obtained through an independent pricing source, was approximately $360.4 million. Russia-Ukraine military conflict In February 2022, in response to the military conflict between Russia and Ukraine, the United States, other North Atlantic Treaty Organization member states, as well as non-member states, announced targeted economic sanctions on Russia, certain Russian citizens and enterprises. The continuation of the conflict triggered additional economic and other sanctions enacted by the United States and other countries throughout the world. The scope of potential additional sanctions is unknown. The Company currently owns 64.3% of the Voltyre-Prom, a leading producer of agricultural and industrial tires in Volgograd, Russia, which represents approximately 7% of consolidated assets of Titan both as of March 31, 2023 and December 31, 2022. The Russian operations represent approximately 6% and 5% of consolidated global sales for the three months ended March 31, 2023 and 2022, respectively. The impact of the military conflict between Russia and Ukraine has not had a significant impact on global operations. The Company continues to monitor the potential impacts on the business including the increased cost of energy in Europe and the ancillary impacts that the military conflict could have on other global operations. Sale of Australian wheel business On March 29, 2022, the Company entered into a definitive agreement (the Agreement) for the sale of its Australian wheel business, to OTR Tyres, a leading Australian tire, wheel and service provider. The closing date of the transaction was March 31, 2022. The Agreement contains customary representations, warranties and covenants for transactions of this type. The sale included gross proceeds and cash repatriated of approximately $17.5 million, and the assumption by OTR Tyres of all liabilities, including employee and lease obligations. Refer to Note 12 for additional information on the loss on sale of the Australian wheel business. Share Repurchase Program On December 16, 2022, the Board of Directors authorized a share repurchase program allowing for the expenditure of up to $50.0 million (the “Share Repurchase Program”) for the repurchase of the Company's common stock. This authorization took effect immediately and will remain in place for up to three years. For the three months ended March 31, 2023, Titan repurchased 109,789 shares of our common stock totaling $1.3 million under the Share Repurchase Program. As of March 31, 2023, $48.7 million remains available for future share repurchases under this program. Supplier financing program A subsidiary of Titan participates in supplier financing programs pursuant to credit agreements between certain suppliers and financial institution. The program enables those suppliers to receive payment from participating financial institutions prior to the payment date specified in the terms between Titan and the supplier. Titan does not incur annual service fees associated with its enrollment in the supplier financing program. The transactions are at the sole discretion of both the suppliers and the financial institution, and Titan is not a party to the agreement and has no economic interest in the supplier's decision to receive payment prior to the payment date. The terms between Titan and the supplier, including the amount due and scheduled payment dates, are not impacted by a supplier's participation in the program. Amounts due to suppliers who participate in the program are included in the accounts payable line item in Titan's Consolidated Balance Sheets and Titan’s payments made under the program are reflected in cash flows from operating activities in Titan's Consolidated Statements of Cash Flows. For suppliers who participate in a supplier financing program, Titan will pay the financial institution directly rather than the supplier. The confirmed obligations under the supplier financing programs included in the accounts payable line item in Titan's Consolidated Balance Sheet were $12.2 million at March 31, 2023, and $11.8 million at December 31, 2022. Adoption of new accounting standards In September 2022, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2022-04, Liabilities—Supplier Finance Programs (Subtopic 405-50) Disclosure of Supplier Finance Program Obligations ("ASU No. 2022-04"). The ASU requires that a buyer in a supplier finance program disclose sufficient information about the program to allow a user of financial statements to understand the program’s nature, activity during the period, and potential magnitude. The amendments in this ASU will be applied retrospectively to each period in which a balance sheet is presented, with the exception of a new requirement to disclose a rollforward of program activity, which will be applied prospectively. The amendments in the ASU are effective for fiscal years beginning after December 15, 2022, with early adoption permitted. The Company adopted the impact of this ASU effective March 31, 2023 and incorporated the required disclosures within Note 1 to condensed consolidated financial statements.

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
ACCOUNTS RECEIVABLE	ACCOUNTS RECEIVABLE, NET Accounts receivable consisted of the following (amounts in thousands): March 31, December 31, Accounts receivable $ 331,382 $ 272,928 Allowance for credit losses (5,414) (6,170) Accounts receivable, net $ 325,968 $ 266,758

INVENTORIES

INVENTORIES	3 Months Ended
	Mar. 31, 2023
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	INVENTORIES Inventories consisted of the following (amounts in thousands): March 31, December 31, Raw material $ 125,052 $ 128,170 Work-in-process 44,995 42,468 Finished goods 218,933 226,585 $ 388,980 $ 397,223 Inventories are reduced by estimated provisions for slow-moving and obsolete inventory.

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	3 Months Ended
	Mar. 31, 2023
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): March 31, December 31, Land and improvements $ 40,992 $ 40,330 Buildings and improvements 238,953 237,507 Machinery and equipment 597,304 588,857 Tools, dies and molds 112,966 112,990 Construction-in-process 32,822 29,291 1,023,037 1,008,975 Less accumulated depreciation (722,590) (712,370) $ 300,447 $ 296,605 Depreciation on property, plant and equipment for the three months ended March 31, 2023 and 2022 totaled $10.4 million and $11.1 million, respectively.

Other Current Liabilities

Other Current Liabilities	3 Months Ended
	Mar. 31, 2023
Other Liabilities, Current [Abstract]
Other Liabilities Disclosure	OTHER CURRENT LIABILITIES Other current liabilities consisted of the following (amounts in thousands): March 31, December 31, Compensation and benefits $ 44,063 $ 45,389 Warranty 21,626 19,914 Accrued insurance benefits 21,671 21,154 Customer rebates and deposits 9,000 16,279 Accrued other taxes 32,456 18,549 Operating lease liability 3,131 3,850 Accrued interest 12,036 5,040 Foreign government grant (1) 2,255 1,888 Settlement of legal matter (2) — 1,260 Other 21,716 18,605 $ 167,954 $ 151,928 (1) In August 2014, the Company received an approximately $17.0 million capital grant from the Italian government for asset damages related to the earthquake that occurred in May 2012 at one of our Italian subsidiaries. The grant was recorded as deferred income in non-current liabilities which is being amortized over the life of the reconstructed building. There are no specific stipulations associated with the government grant.

WARRANTY

WARRANTY	3 Months Ended
	Mar. 31, 2023
Product Warranties Disclosures [Abstract]
WARRANTY COSTS	WARRANTY Changes in the warranty liability during the three months ended March 31, 2023 and 2022, respectively, consisted of the following (amounts in thousands): 2023 2022 Warranty liability at beginning of the period $ 19,914 $ 16,628 Provision for warranty liabilities 4,439 5,071 Warranty payments made (2,727) (3,441) Warranty liability at end of the period $ 21,626 $ 18,258 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	3 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
REVOLVING CREDIT FACILITY AND LONG-TERM DEBT	DEBT Long-term debt consisted of the following (amounts in thousands): March 31, 2023 Principal Balance Unamortized Debt Issuance Net Carrying Amount 7.00% senior secured notes due 2028 $ 400,000 $ (4,380) $ 395,620 Titan Europe credit facilities 33,923 — 33,923 Other debt 7,664 — 7,664 Total debt 441,587 (4,380) 437,207 Less amounts due within one year 23,836 — 23,836 Total long-term debt $ 417,751 $ (4,380) $ 413,371 December 31, 2022 Principal Balance Unamortized Debt Issuance Net Carrying Amount 7.00% senior secured notes due 2028 $ 400,000 $ (4,599) $ 395,401 Titan Europe credit facilities 37,362 — 37,362 Other debt 12,855 — 12,855 Total debt 450,217 (4,599) 445,618 Less amounts due within one year 30,857 — 30,857 Total long-term debt $ 419,360 $ (4,599) $ 414,761 Aggregate principal maturities of long-term debt at March 31, 2023 for each of the years (or other periods) set forth below were as follows (amounts in thousands): April 1 - December 31, 2023 $ 20,608 2024 9,281 2025 4,498 2026 2,170 2027 1,294 Thereafter 403,736 $ 441,587 7.00% senior secured notes due 2028 On April 22, 2021, the Company issued $400.0 million aggregate principal amount of 7.00% senior secured notes due April 2028 (the senior secured notes due 2028), guaranteed by certain of the Company's subsidiaries. Including the impact of debt issuance costs, these notes had an effective yield of 7.27% at issuance. These notes are secured by the land and buildings of the following subsidiaries of the Company: Titan Wheel Corporation of Illinois, Titan Tire Corporation, Titan Tire Corporation of Freeport, and Titan Tire Corporation of Bryan. The Company is subject to certain covenants associated with the senior secured notes due 2028 and remained in compliance with these debt covenants at March 31, 2023. Titan Europe credit facilities The Titan Europe credit facilities include borrowings from various institutions totaling $33.9 million in aggregate principal amount at March 31, 2023. Maturity dates on this debt range from less than one year to five years. The interest rates range from 0.5% to 6.5%. 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 October 2026. The credit facility can be expanded by up to $50 million through an accordion provision within the agreement. 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 March 31, 2023, under the Company's $125 million credit facility there were no borrowings and $6.7 million in outstanding letters of credit, and the amount available for borrowing totaled $118.3 million based on eligible accounts receivable and inventory balances. Other debt The Company has working capital loans at Titan Pneus do Brasil Ltda and Voltyre-Prom at various interest rates, which totaled $4.9 million and $2.6 million at March 31, 2023, respectively. The maturity dates on these loans are one year or less. The Company expects to negotiate an extension of the maturity dates on these loans with the respective financial institutions or repay, as needed.

LEASE COMMITMENTS (Notes)

LEASE COMMITMENTS (Notes)	3 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Lessee, Operating Leases [Text Block]	LEASES The 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 (7.27%), 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 Statements 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 Statements of Operations. Supplemental balance sheet information related to leases was as follows (amounts in thousands): Balance Sheet Classification March 31, 2023 December 31, 2022 Operating lease ROU assets Operating lease assets $ 7,805 $ 8,932 Operating lease current liabilities Other current liabilities $ 3,131 $ 3,850 Operating lease long-term liabilities Other long-term liabilities 2,119 2,409 Total operating lease liabilities $ 5,250 $ 6,259 Finance lease, gross Property, plant & equipment, net $ 6,940 $ 6,994 Finance lease accumulated depreciation Property, plant & equipment, net (4,244) (3,820) Finance lease, net $ 2,696 $ 3,174 Finance lease current liabilities Other current liabilities $ 2,451 $ 2,562 Finance lease long-term liabilities Other long-term liabilities 2,970 3,444 Total finance lease liabilities $ 5,421 $ 6,006 At March 31, 2023, maturities of lease liabilities were as follows (amounts in thousands): Operating Leases Finance Leases April 1 - December 31, 2023 $ 2,767 $ 2,089 2024 1,874 1,763 2025 609 1,114 2026 237 702 2027 181 45 Thereafter 216 3 Total lease payments $ 5,884 $ 5,716 Less imputed interest 634 295 $ 5,250 $ 5,421 Weighted average remaining lease term (in years) 2.37 2.56
Lessee, Finance Leases [Text Block]	LEASES The 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 (7.27%), 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 Statements 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 Statements of Operations. Supplemental balance sheet information related to leases was as follows (amounts in thousands): Balance Sheet Classification March 31, 2023 December 31, 2022 Operating lease ROU assets Operating lease assets $ 7,805 $ 8,932 Operating lease current liabilities Other current liabilities $ 3,131 $ 3,850 Operating lease long-term liabilities Other long-term liabilities 2,119 2,409 Total operating lease liabilities $ 5,250 $ 6,259 Finance lease, gross Property, plant & equipment, net $ 6,940 $ 6,994 Finance lease accumulated depreciation Property, plant & equipment, net (4,244) (3,820) Finance lease, net $ 2,696 $ 3,174 Finance lease current liabilities Other current liabilities $ 2,451 $ 2,562 Finance lease long-term liabilities Other long-term liabilities 2,970 3,444 Total finance lease liabilities $ 5,421 $ 6,006 At March 31, 2023, maturities of lease liabilities were as follows (amounts in thousands): Operating Leases Finance Leases April 1 - December 31, 2023 $ 2,767 $ 2,089 2024 1,874 1,763 2025 609 1,114 2026 237 702 2027 181 45 Thereafter 216 3 Total lease payments $ 5,884 $ 5,716 Less imputed interest 634 295 $ 5,250 $ 5,421 Weighted average remaining lease term (in years) 2.37 2.56

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	3 Months Ended
	Mar. 31, 2023
Retirement Benefits [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	EMPLOYEE BENEFIT PLANS The Company has three frozen defined benefit pension plans covering certain employees or former employees of three U.S. subsidiaries. The Company also has pension plans covering certain employees of several foreign subsidiaries. The Company also sponsors a number of defined contribution plans in the U.S. and at foreign subsidiaries. The Company contributed approximately $0.1 million to the pension plans during the three months ended March 31, 2023 and no amounts are expected to be contributed to the pension plans during the remainder of 2023. The components of net periodic pension cost consisted of the following for the periods set forth below (amounts in thousands): Three months ended March 31, 2023 2022 Service cost $ 106 $ 928 Interest cost 1,027 717 Expected return on assets (1,167) (1,518) Amortization of unrecognized prior service cost (15) (16) Amortization of net loss during the period, net 240 (6) Net periodic pension cost $ 191 $ 105

VARIABLE INTEREST ENTITIES (Not

VARIABLE INTEREST ENTITIES (Notes)	3 Months Ended
	Mar. 31, 2023
Variable Interest Entity, Measure of Activity [Abstract]
Variable Interest Entities Disclosure [Text Block]	VARIABLE INTEREST ENTITIESThe Company holds a variable interest in two joint ventures for which the Titan is the primary beneficiary. One of these joint ventures operate distribution facilities that primarily distribute mining products. Titan is the 50% owner of the distribution facility located in Canada. Titan is also a 50% owner of a manufacturer of undercarriage components and complete track systems for earthmoving machines in India. The Company’s variable interests in these joint ventures relate to sales of Titan products to these entities, consigned inventory, and working capital loans. As the primary beneficiary of these variable interest entities (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 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 (amounts in thousands): March 31, December 31, 2022 Cash and cash equivalents $ 1,560 $ 1,729 Inventory 2,929 2,581 Other current assets 2,506 4,179 Property, plant and equipment, net 4,621 4,657 Other non-current assets 381 465 Total assets $ 11,997 $ 13,611 Current liabilities $ 1,261 $ 2,077 Other long-term liabilities 952 1,062 Total liabilities $ 2,213 $ 3,139 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 represents the loss of assets recognized by Titan relating to non-consolidated entities and amounts due to the non-consolidated assets. The assets and liabilities recognized in Titan's Condensed Consolidated Balance Sheets related to Titan's interest in these non-consolidated VIEs and the Company's maximum exposure to loss relating to non-consolidated VIEs as of the dates set forth below were as follows (amounts in thousands): March 31, 2023 December 31, 2022 Investments $ 7,234 $ 6,827 Total VIE assets 7,234 6,827 Accounts payable to the non-consolidated VIEs 3,994 3,936 Maximum exposure to loss $ 11,228 $ 10,763

ROYALTY EXPENSE

ROYALTY EXPENSE	3 Months Ended
	Mar. 31, 2023
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 $2.9 million for both the three months ended March 31, 2023 and 2022.

OTHER INCOME

OTHER INCOME	3 Months Ended
	Mar. 31, 2023
Other Income and Expenses [Abstract]
OTHER INCOME, NET	OTHER INCOME (EXPENSE) Other income (expense) consisted of the following (amounts in thousands): Three months ended March 31, 2023 2022 Loss on sale of Australian wheel business (1) $ — $ (10,890) Proceeds from government grant (2) — 1,324 Equity investment income 455 248 Gain on sale of assets 10 110 Other income 297 349 $ 762 $ (8,859) (1) The loss on sale of the Australian wheel business is comprised primarily of the release of the cumulative translation adjustment of approximately $10.0 million and closing costs associated with the completion of the transaction of approximately $0.9 million. Refer to Note 1 for additional information. (2) In August 2014, the Company received approximately $17.0 million capital grant from the Italian government for asset damages related to the earthquake that occurred in May 2012 at one of our Italian subsidiaries. The grant was recorded as deferred income in non-current liabilities which is being amortized over the life of the reconstructed building. There are no specific stipulations associated with the government grant. The Company received proceeds of an additional $1.9 million from the grant during the three months ended March 31, 2022, of which $1.3 million was recorded as other income to match to the historical depreciation recorded on the underlying assets.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company recorded income tax expense of $14.2 million and $8.7 million for the three months ended March 31, 2023 and 2022, respectively. The Company's effective income tax rate was 29.8% and 26.1% for the three months ended March 31, 2023 and 2022, respectively. For the three months ended March 31, 2023 and 2022, the income tax expense each period differed due to an overall pre-tax income increase which resulted in the significant fluctuation in the effective tax rate. The Company’s 2023 and 2022 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 foreign income tax rate differential on the mix of earnings, non-deductible royalty expenses in certain foreign jurisdictions, and certain permanent foreign inclusion items on the domestic provision. 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 certain deferred tax assets in the U.S. and certain foreign jurisdictions and continues to monitor and assess the need for valuation allowances in all its jurisdictions.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 2022 Net income attributable to Titan and applicable to common shareholders $ 31,838 $ 23,922 Determination of shares: Weighted average shares outstanding (basic) 62,905 63,860 Effect of restricted stock and stock options 716 490 Weighted average shares outstanding (diluted) $ 63,621 $ 64,350 Earnings per common share: Basic $ 0.51 $ 0.37 Diluted $ 0.50 $ 0.37

LITIGATION

LITIGATION	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
LITIGATION	LITIGATIONThe 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. In the opinion of management, the Company is not currently involved in any legal proceedings which, individually or in the aggregate, could have a material effect on its financial position, results of operations, or cash flows.

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2023
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. Each reportable segment includes wheels, tires, wheel/tire assemblies, and undercarriage systems and components. 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. The table below presents information about certain operating results, separated by market segments, for the three months ended March 31, 2023 and 2022 (amounts in thousands): Three months ended March 31, 2023 2022 Net sales Agricultural $ 305,858 $ 309,600 Earthmoving/construction 198,924 201,259 Consumer 43,862 45,138 $ 548,644 $ 555,997 Gross profit Agricultural $ 49,250 $ 47,924 Earthmoving/construction 37,224 31,375 Consumer 9,083 7,430 $ 95,557 $ 86,729 Income from operations Agricultural $ 32,569 $ 30,117 Earthmoving/construction 23,538 15,840 Consumer 6,792 4,882 Corporate & Unallocated (7,763) (6,131) Income from operations $ 55,136 $ 44,708 Interest expense $ (6,492) $ (7,907) Foreign exchange (loss) gain (1,760) 5,317 Other income 762 (8,859) Income before income taxes $ 47,646 $ 33,259 Assets by segment were as follows as of the dates set forth below (amounts in thousands): March 31, December 31, Total assets Agricultural $ 585,942 $ 548,523 Earthmoving/construction 533,136 538,064 Consumer 150,073 133,213 Corporate & Unallocated 75,656 64,830 $ 1,344,807 $ 1,284,630

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2023
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 was Mr. Maurice Taylor’s brother. Mr. Fred Taylor passed away on December 13, 2021. The companies with which Mr. Fred Taylor was 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 $1.4 million for the three months ended March 31, 2023, and approximately $1.3 million for the three months ended March 31, 2022. Titan had trade receivables due from these companies of approximately $0.5 million at March 31, 2023, and approximately $0.2 million at December 31, 2022.  Titan had purchases from these companies of approximately $0.2 million for the three months ended March 31, 2023, and approximately $0.3 million for the three months ended March 31, 2022. Sales commissions accrued to the above companies were approximately $0.2 million for the three months ended March 31, 2023 as compared to $0.5 million accrued for the three months ended March 31, 2022.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Notes)	3 Months Ended
	Mar. 31, 2023
Stockholders' Equity Note [Abstract]
Comprehensive Loss Note	ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME Accumulated other comprehensive loss consisted of the following (amounts in thousands): Currency Gain (Loss) on Unrecognized Total Balance at January 1, 2023 $ (243,712) $ 1,224 $ (9,267) $ (251,755) Currency translation adjustments, net 8,039 — — 8,039 Defined benefit pension plans: Amortization of unrecognized losses and prior service cost, net of tax of $11 — — (30) (30) Derivative loss — (111) — (111) Balance at March 31, 2023 $ (235,673) $ 1,113 $ (9,297) $ (243,857) Currency Gain (Loss) on Unrecognized Total Balance at January 1, 2022 $ (236,059) $ (39) $ (10,382) $ (246,480) Currency translation adjustments, net (1) 18,457 — — 18,457 Defined benefit pension plans: Amortization of unrecognized losses and prior service cost, net of tax of $(182) — — 544 544 Derivative gain — 303 — 303 Balance at March 31, 2022 $ (217,602) $ 264 $ (9,838) $ (227,176) (1) The currency translation adjustments, net includes currency translation on amounts reclassified into other expense within the Condensed Consolidated Statements of Operations of approximately $10.0 million for the three months ended March 31, 2022 related to the sale of the Australian wheel business. Refer to Note 1 and 12 for additional information.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTSThe Company has evaluated subsequent events through the filing of this Form 10-Q and determined that there have been no subsequent events that have occurred that would require adjustments to our disclosures in the condensed consolidated financial statements.

ACCOUNTING POLICIES (Policies)

ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Fair value of financial instruments	Fair value of financial instrumentsThe 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.  Our 7.00% senior secured notes due 2028 were carried at a cost of $395.6 million at March 31, 2023. The fair value of the senior secured notes due 2028 at March 31, 2023, as obtained through an independent pricing source, was approximately $360.4 million.
New Accounting Pronouncements, Policy	Adoption of new accounting standards In September 2022, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2022-04, Liabilities—Supplier Finance Programs (Subtopic 405-50) Disclosure of Supplier Finance Program Obligations ("ASU No. 2022-04"). The ASU requires that a buyer in a supplier finance program disclose sufficient information about the program to allow a user of financial statements to understand the program’s nature, activity during the period, and potential magnitude. The amendments in this ASU will be applied retrospectively to each period in which a balance sheet is presented, with the exception of a new requirement to disclose a rollforward of program activity, which will be applied prospectively. The amendments in the ASU are effective for fiscal years beginning after December 15, 2022, with early adoption permitted. The Company adopted the impact of this ASU effective March 31, 2023 and incorporated the required disclosures within Note 1 to condensed consolidated financial statements.

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	3 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Accounts receivable consisted of the following (amounts in thousands): March 31, December 31, Accounts receivable $ 331,382 $ 272,928 Allowance for credit losses (5,414) (6,170) Accounts receivable, net $ 325,968 $ 266,758

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Mar. 31, 2023
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories consisted of the following (amounts in thousands): March 31, December 31, Raw material $ 125,052 $ 128,170 Work-in-process 44,995 42,468 Finished goods 218,933 226,585 $ 388,980 $ 397,223

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	3 Months Ended
	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Property, plant and equipment, net consisted of the following (amounts in thousands): March 31, December 31, Land and improvements $ 40,992 $ 40,330 Buildings and improvements 238,953 237,507 Machinery and equipment 597,304 588,857 Tools, dies and molds 112,966 112,990 Construction-in-process 32,822 29,291 1,023,037 1,008,975 Less accumulated depreciation (722,590) (712,370) $ 300,447 $ 296,605

Other Liabilities (Tables)

Other Liabilities (Tables)	3 Months Ended
	Mar. 31, 2023
Other Liabilities, Current [Abstract]
Schedule of Accrued Liabilities	Other current liabilities consisted of the following (amounts in thousands): March 31, December 31, Compensation and benefits $ 44,063 $ 45,389 Warranty 21,626 19,914 Accrued insurance benefits 21,671 21,154 Customer rebates and deposits 9,000 16,279 Accrued other taxes 32,456 18,549 Operating lease liability 3,131 3,850 Accrued interest 12,036 5,040 Foreign government grant (1) 2,255 1,888 Settlement of legal matter (2) — 1,260 Other 21,716 18,605 $ 167,954 $ 151,928 (1) In August 2014, the Company received an approximately $17.0 million capital grant from the Italian government for asset damages related to the earthquake that occurred in May 2012 at one of our Italian subsidiaries. The grant was recorded as deferred income in non-current liabilities which is being amortized over the life of the reconstructed building. There are no specific stipulations associated with the government grant.

WARRANTY (Tables)

WARRANTY (Tables)	3 Months Ended
	Mar. 31, 2023
Product Warranties Disclosures [Abstract]
Schedule of Product Warranty Liability [Table Text Block]	Changes in the warranty liability during the three months ended March 31, 2023 and 2022, respectively, consisted of the following (amounts in thousands): 2023 2022 Warranty liability at beginning of the period $ 19,914 $ 16,628 Provision for warranty liabilities 4,439 5,071 Warranty payments made (2,727) (3,441) Warranty liability at end of the period $ 21,626 $ 18,258

REVOLVING CREDIT FACILITY AND_2

REVOLVING CREDIT FACILITY AND LONG-TERM DEBT (Tables)	3 Months Ended
	Mar. 31, 2023
Debt Instrument [Line Items]
Schedule of Long-term Debt Instruments [Table Text Block]	Long-term debt consisted of the following (amounts in thousands): March 31, 2023 Principal Balance Unamortized Debt Issuance Net Carrying Amount 7.00% senior secured notes due 2028 $ 400,000 $ (4,380) $ 395,620 Titan Europe credit facilities 33,923 — 33,923 Other debt 7,664 — 7,664 Total debt 441,587 (4,380) 437,207 Less amounts due within one year 23,836 — 23,836 Total long-term debt $ 417,751 $ (4,380) $ 413,371 December 31, 2022 Principal Balance Unamortized Debt Issuance Net Carrying Amount 7.00% senior secured notes due 2028 $ 400,000 $ (4,599) $ 395,401 Titan Europe credit facilities 37,362 — 37,362 Other debt 12,855 — 12,855 Total debt 450,217 (4,599) 445,618 Less amounts due within one year 30,857 — 30,857 Total long-term debt $ 419,360 $ (4,599) $ 414,761
Schedule of Maturities of Long-term Debt [Table Text Block]	Aggregate principal maturities of long-term debt at March 31, 2023 for each of the years (or other periods) set forth below were as follows (amounts in thousands): April 1 - December 31, 2023 $ 20,608 2024 9,281 2025 4,498 2026 2,170 2027 1,294 Thereafter 403,736 $ 441,587

LEASE COMMITMENTS (Tables)

LEASE COMMITMENTS (Tables)	3 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Lease, Cost [Table Text Block]	Supplemental balance sheet information related to leases was as follows (amounts in thousands): Balance Sheet Classification March 31, 2023 December 31, 2022 Operating lease ROU assets Operating lease assets $ 7,805 $ 8,932 Operating lease current liabilities Other current liabilities $ 3,131 $ 3,850 Operating lease long-term liabilities Other long-term liabilities 2,119 2,409 Total operating lease liabilities $ 5,250 $ 6,259 Finance lease, gross Property, plant & equipment, net $ 6,940 $ 6,994 Finance lease accumulated depreciation Property, plant & equipment, net (4,244) (3,820) Finance lease, net $ 2,696 $ 3,174 Finance lease current liabilities Other current liabilities $ 2,451 $ 2,562 Finance lease long-term liabilities Other long-term liabilities 2,970 3,444 Total finance lease liabilities $ 5,421 $ 6,006
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	At March 31, 2023, maturities of lease liabilities were as follows (amounts in thousands): Operating Leases Finance Leases April 1 - December 31, 2023 $ 2,767 $ 2,089 2024 1,874 1,763 2025 609 1,114 2026 237 702 2027 181 45 Thereafter 216 3 Total lease payments $ 5,884 $ 5,716 Less imputed interest 634 295 $ 5,250 $ 5,421 Weighted average remaining lease term (in years) 2.37 2.56
Finance Lease, Liability, Maturity [Table Text Block]	Operating Leases Finance Leases April 1 - December 31, 2023 $ 2,767 $ 2,089 2024 1,874 1,763 2025 609 1,114 2026 237 702 2027 181 45 Thereafter 216 3 Total lease payments $ 5,884 $ 5,716 Less imputed interest 634 295 $ 5,250 $ 5,421 Weighted average remaining lease term (in years) 2.37 2.56

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	3 Months Ended
	Mar. 31, 2023
Retirement Benefits [Abstract]
Schedule of Defined Benefit Plans Disclosures [Table Text Block]	The components of net periodic pension cost consisted of the following for the periods set forth below (amounts in thousands): Three months ended March 31, 2023 2022 Service cost $ 106 $ 928 Interest cost 1,027 717 Expected return on assets (1,167) (1,518) Amortization of unrecognized prior service cost (15) (16) Amortization of net loss during the period, net 240 (6) Net periodic pension cost $ 191 $ 105

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	3 Months Ended
	Mar. 31, 2023
Variable Interest Entity, Measure of Activity [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 (amounts in thousands): March 31, December 31, 2022 Cash and cash equivalents $ 1,560 $ 1,729 Inventory 2,929 2,581 Other current assets 2,506 4,179 Property, plant and equipment, net 4,621 4,657 Other non-current assets 381 465 Total assets $ 11,997 $ 13,611 Current liabilities $ 1,261 $ 2,077 Other long-term liabilities 952 1,062 Total liabilities $ 2,213 $ 3,139 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 assets and liabilities recognized in Titan's Condensed Consolidated Balance Sheets related to Titan's interest in these non-consolidated VIEs and the Company's maximum exposure to loss relating to non-consolidated VIEs as of the dates set forth below were as follows (amounts in thousands): March 31, 2023 December 31, 2022 Investments $ 7,234 $ 6,827 Total VIE assets 7,234 6,827 Accounts payable to the non-consolidated VIEs 3,994 3,936 Maximum exposure to loss $ 11,228 $ 10,763

OTHER INCOME (Tables)

OTHER INCOME (Tables)	3 Months Ended
	Mar. 31, 2023
Other Income and Expenses [Abstract]
Other Income [Table Text Block]	Other income (expense) consisted of the following (amounts in thousands): Three months ended March 31, 2023 2022 Loss on sale of Australian wheel business (1) $ — $ (10,890) Proceeds from government grant (2) — 1,324 Equity investment income 455 248 Gain on sale of assets 10 110 Other income 297 349 $ 762 $ (8,859) (1) The loss on sale of the Australian wheel business is comprised primarily of the release of the cumulative translation adjustment of approximately $10.0 million and closing costs associated with the completion of the transaction of approximately $0.9 million. Refer to Note 1 for additional information. (2) In August 2014, the Company received approximately $17.0 million capital grant from the Italian government for asset damages related to the earthquake that occurred in May 2012 at one of our Italian subsidiaries. The grant was recorded as deferred income in non-current liabilities which is being amortized over the life of the reconstructed building. There are no specific stipulations associated with the government grant. The Company received proceeds of an additional $1.9 million from the grant during the three months ended March 31, 2022, of which $1.3 million was recorded as other income to match to the historical depreciation recorded on the underlying assets.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 2022 Net income attributable to Titan and applicable to common shareholders $ 31,838 $ 23,922 Determination of shares: Weighted average shares outstanding (basic) 62,905 63,860 Effect of restricted stock and stock options 716 490 Weighted average shares outstanding (diluted) $ 63,621 $ 64,350 Earnings per common share: Basic $ 0.51 $ 0.37 Diluted $ 0.50 $ 0.37

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2023
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 the three months ended March 31, 2023 and 2022 (amounts in thousands): Three months ended March 31, 2023 2022 Net sales Agricultural $ 305,858 $ 309,600 Earthmoving/construction 198,924 201,259 Consumer 43,862 45,138 $ 548,644 $ 555,997 Gross profit Agricultural $ 49,250 $ 47,924 Earthmoving/construction 37,224 31,375 Consumer 9,083 7,430 $ 95,557 $ 86,729 Income from operations Agricultural $ 32,569 $ 30,117 Earthmoving/construction 23,538 15,840 Consumer 6,792 4,882 Corporate & Unallocated (7,763) (6,131) Income from operations $ 55,136 $ 44,708 Interest expense $ (6,492) $ (7,907) Foreign exchange (loss) gain (1,760) 5,317 Other income 762 (8,859) Income before income taxes $ 47,646 $ 33,259
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	Assets by segment were as follows as of the dates set forth below (amounts in thousands): March 31, December 31, Total assets Agricultural $ 585,942 $ 548,523 Earthmoving/construction 533,136 538,064 Consumer 150,073 133,213 Corporate & Unallocated 75,656 64,830 $ 1,344,807 $ 1,284,630

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	3 Months Ended
	Mar. 31, 2023
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 January 1, 2023 $ (243,712) $ 1,224 $ (9,267) $ (251,755) Currency translation adjustments, net 8,039 — — 8,039 Defined benefit pension plans: Amortization of unrecognized losses and prior service cost, net of tax of $11 — — (30) (30) Derivative loss — (111) — (111) Balance at March 31, 2023 $ (235,673) $ 1,113 $ (9,297) $ (243,857) Currency Gain (Loss) on Unrecognized Total Balance at January 1, 2022 $ (236,059) $ (39) $ (10,382) $ (246,480) Currency translation adjustments, net (1) 18,457 — — 18,457 Defined benefit pension plans: Amortization of unrecognized losses and prior service cost, net of tax of $(182) — — 544 544 Derivative gain — 303 — 303 Balance at March 31, 2022 $ (217,602) $ 264 $ (9,838) $ (227,176) (1) The currency translation adjustments, net includes currency translation on amounts reclassified into other expense within the Condensed Consolidated Statements of Operations of approximately $10.0 million for the three months ended March 31, 2022 related to the sale of the Australian wheel business. Refer to Note 1 and 12 for additional information.

ACCOUNTING POLICIES (Details)

ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Long-term Debt	$ 395,600
Debt Instrument, Fair Value Disclosure	360,400
Supplier Finance Agreement	12,200			$ 11,800
Stock Repurchase Program, Remaining Authorized Repurchase Amount	48,700
Treasury Stock, Value, Acquired, Cost Method	1,300
Stock Repurchase Program, Authorized Amount	50,000
RDIF [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent		64.30%
Senior Secured Notes 7.00 Percent
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		7%	7%
Long-term Debt	$ 400,000			$ 400,000

ACCOUNTS RECEIVABLE (Details)

ACCOUNTS RECEIVABLE (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Receivables [Abstract]
Accounts receivable	$ 331,382	$ 272,928
Allowance for credit losses	5,414	6,170
Accounts receivable, net	$ 325,968	$ 266,758

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Raw material	$ 125,052	$ 128,170
Work-in-process	44,995	42,468
Finished goods	218,933	226,585
Inventory, Net, Total	$ 388,980	$ 397,223

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 1,023,037		$ 1,008,975
Less accumulated depreciation	(722,590)		(712,370)
Property, Plant and Equipment, Net	300,447		296,605
Assets	1,344,807		1,284,630
Depreciation	10,400	$ 11,100
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	40,992		40,330
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	238,953		237,507
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	597,304		588,857
Tools, Dies and Molds [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	112,966		112,990
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 32,822		$ 29,291

Other Liabilities (Details)

Other Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Other Liabilities, Current [Abstract]
Employee-related Liabilities, Current	$ 44,063	$ 45,389
Product Warranty Accrual, Current	21,626	19,914
Accrued Insurance, Current	21,671	21,154
Contract with Customer, Liability, Current	9,000	16,279
Accrual for Taxes Other than Income Taxes	32,456	18,549
Operating Lease, Liability, Current	3,131	3,850
Interest Payable, Current	12,036	5,040
Government Assistance, Amount	2,255	1,888
Loss Contingency Accrual	0	1,260
Other Accrued Liabilities, Current	21,716	18,605
Other current liabilities	$ 167,954	$ 151,928

WARRANTY (Details)

WARRANTY (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Product Warranty Liability [Line Items]
Warranty liability at beginning of the period	$ 19,914	$ 16,628
Provision for warranty liabilities	4,439	5,071
Warranty payments made	(2,727)	(3,441)
Warranty liability at end of the period	$ 21,626	$ 18,258

REVOLVING CREDIT FACILITY AND_3

REVOLVING CREDIT FACILITY AND LONG-TERM DEBT (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Mar. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage			7.27%
Debt Instruments [Abstract]
7.00% senior secured notes due 2028	$ 395,600
Long-term Debt and Lease Obligation, Including Current Maturities	437,207			$ 445,618
Short-term debt	23,836			30,857
Long-term debt	413,371			414,761
Debt Instrument, Unamortized Discount	(4,380)			(4,599)
Debt Instrument, Unamortized Discount, Current	0			0
Debt Instrument, Unamortized Discount (Premium), Net	(4,380)			(4,599)
Maturities of Long-term Debt [Abstract]
April 1 - December 31, 2023	20,608
2023	9,281
2024	4,498
2025	2,170
2026	1,294
Thereafter	403,736
Long-term Debt, Gross	441,587
Line of Credit Facility, Maximum Borrowing Capacity	125,000
Letters of Credit Outstanding, Amount	6,700
Line of Credit Facility, Current Borrowing Capacity	118,300
Titan Europe [Member]
Debt Instruments [Abstract]
Other Borrowings	33,923			37,362
Debt Instrument, Unamortized Discount, Noncurrent	0			0
Titan Europe [Member] | Minimum
Maturities of Long-term Debt [Abstract]
Debt Instrument, Interest Rate, Stated Percentage			0.50%
Titan Europe [Member] | Maximum
Maturities of Long-term Debt [Abstract]
Debt Instrument, Interest Rate, Stated Percentage			6.50%
Other Debt Obligations [Member]
Debt Instruments [Abstract]
Other debt	7,664			12,855
Debt Instrument, Unamortized Discount, Noncurrent	0			0
Titan Brazil [Member]
Debt Instruments [Abstract]
Other debt	4,900
Voltyre-Prom [Member]
Debt Instruments [Abstract]
Other debt	2,600
Senior Secured Notes 7.00 Percent
Debt Instruments [Abstract]
7.00% senior secured notes due 2028	400,000			400,000
Long-term Debt	395,620			395,401
Debt Instrument, Unamortized Discount	(4,380)			(4,599)
Maturities of Long-term Debt [Abstract]
Debt Instrument, Interest Rate, Stated Percentage		7%	7%
Long-term Debt [Member]
Debt Instruments [Abstract]
Debt, Long-Term and Short-Term, Combined Amount	441,587			450,217
Maturities of Long-term Debt [Abstract]
Long-term Debt, Gross	$ 417,751			$ 419,360

LEASE COMMITMENTS (Details)

LEASE COMMITMENTS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Operating Lease, Right-of-Use Asset	$ 7,805	$ 8,932
Operating Lease, Liability, Current	3,131	3,850
Operating Lease, Liability, Noncurrent	2,119	2,409
Operating Lease, Liability	5,250	6,259
Finance Lease, Gross	6,940	6,994
Finance Lease Accumulated Depreciation	(4,244)	(3,820)
Finance Lease, Right-of-Use Asset	2,696	3,174
Finance Lease, Liability, Current	2,451	2,562
Finance Lease, Liability, Noncurrent	2,970	3,444
Finance Lease, Liability	5,421	$ 6,006
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
April 1 - December 31, 2023	2,767
2024	1,874
2025	609
2026	237
2027	181
Thereafter	216
Total lease payments	5,884
Less imputed interest	634
Finance Lease, Liability, Payment, Due [Abstract]
April 1 - December 31, 2023	2,089
2024	1,763
2025	1,114
2026	702
2027	45
Thereafter	(3)
Total lease payment	5,716
Lease imputed interest	$ 295
Operating Lease, Weighted Average Remaining Lease Term	2 years 4 months 13 days
Finance Lease, Weighted Average Remaining Lease Term	2 years 6 months 21 days
Operating Lease, Payments	$ 1,800

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Contributions by Employer	$ 100
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	106	$ 928
Interest cost	1,027	717
Expected return on assets	(1,167)	(1,518)
Amortization of unrecognized prior service cost	(15)	(16)
Amortization of net unrecognized gain	240	(6)
Net periodic pension cost	$ 191	$ 105

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Inventories	$ 388,980	$ 397,223
Property, Plant and Equipment, Net	300,447	296,605
Total assets	1,344,807	1,284,630
Total current liabilities	467,862	446,161
Total liabilities	921,600	901,492
Accounts payable	276,072	263,376
Variable Interest Entity, Not Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Total assets	7,234	6,827
Investments	7,234	6,827
Accounts payable	3,994	3,936
Maximum exposure to loss	11,228	10,763
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Cash and Cash Equivalents, at Carrying Value	1,560	1,729
Inventories	2,929	2,581
Other Assets, Current	2,506	4,179
Property, Plant and Equipment, Net	4,621	4,657
Other Assets, Noncurrent	381	465
Total assets	11,997	13,611
Total current liabilities	1,261	2,077
Liabilities, Noncurrent	952	1,062
Total liabilities	$ 2,213	$ 3,139

ROYALTY EXPENSE (Details)

ROYALTY EXPENSE (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Other Income and Expenses [Abstract]
Royalty expense	$ 2,935	$ 2,874

OTHER INCOME (Details)

OTHER INCOME (Details) - USD ($) $ in Thousands		3 Months Ended
	Aug. 31, 2014	Mar. 31, 2023	Mar. 31, 2022
Other Income and Expenses [Abstract]
Gain (Loss) on Disposition of Business		$ 0	$ (10,890)
Nonoperating Income (Expense)		0	1,324
Income (Loss) from Equity Method Investments		455	248
Gain (Loss) on Disposition of Assets		10	110
Other Nonoperating Income		297	349
Other Nonoperating Income (Expense), Total		762	(8,859)
Government Assistance, Amount	$ 17,000		1,900
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent		$ 8,039	$ 18,457

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 14,216	$ 8,681
Effective Income Tax Rate, Continuing Operations	29.80%	26.10%
Income taxes paid, net of refunds received	$ 3,767	$ 2,083

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income attributable to Titan and applicable to common shareholders	$ 31,838	$ 23,922
Net income (loss) applicable to common shareholders	$ 31,838	$ 23,922
Weighted Average Number of Shares Outstanding, Basic	62,905	63,860
Effect of restricted stock and stock options	716	490
Weighted average shares outstanding (diluted)	63,621	64,350
Earnings Per Share, Basic	$ 0.51	$ 0.37
Diluted	$ 0.50	$ 0.37

LITIGATION (Details)

LITIGATION (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Loss Contingencies [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	$ (111)	$ 303

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 548,644	$ 555,997
Gross profit (loss)	95,557	86,729
Income (loss) from operations	55,136	44,708
Interest expense	(6,492)	(7,907)
Foreign Currency Transaction Gain (Loss), before Tax	(1,760)	5,317
Other Nonoperating Income (Expense)	762	(8,859)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	47,646	33,259
Assets	1,344,807		$ 1,284,630
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	548,644	555,997
Gross profit (loss)	95,557	86,729
Income (loss) from operations	55,136	44,708
Operating Segments [Member] | Agricultural [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	305,858	309,600
Gross profit (loss)	49,250	47,924
Income (loss) from operations	32,569	30,117
Assets	585,942		548,523
Operating Segments [Member] | Earthmoving/construction [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	198,924	201,259
Gross profit (loss)	37,224	31,375
Income (loss) from operations	23,538	15,840
Assets	533,136		538,064
Operating Segments [Member] | Consumer [Member]
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	43,862	45,138
Gross profit (loss)	9,083	7,430
Income (loss) from operations	6,792	4,882
Assets	150,073		133,213
Operating Segments [Member] | Corporate & Unallocated
Segment Reporting Information [Line Items]
Income (loss) from operations	(7,763)	$ (6,131)
Assets	$ 75,656		$ 64,830

SEGMENT INFORMATION ASSETS (Det

SEGMENT INFORMATION ASSETS (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Assets	$ 1,344,807	$ 1,284,630
Operating Segments [Member] | Agricultural [Member]
Segment Reporting Information [Line Items]
Assets	585,942	548,523
Operating Segments [Member] | Earthmoving/construction [Member]
Segment Reporting Information [Line Items]
Assets	533,136	538,064
Operating Segments [Member] | Consumer [Member]
Segment Reporting Information [Line Items]
Assets	150,073	133,213
Operating Segments [Member] | Corporate & Unallocated
Segment Reporting Information [Line Items]
Assets	$ 75,656	$ 64,830

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
Related Party Transaction, Revenues from Transactions with Related Party	$ 1.4	$ 1.3
Related Party Transaction, Purchases from Related Party	0.2	0.3
Related Party Transaction, Due from (to) Related Party	0.5		$ 0.2
Related Party Transaction, Expenses from Transactions with Related Party	$ 0.2	$ 0.5

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Stockholders' Equity Note [Abstract]
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	$ (235,673)	$ (217,602)	$ (243,712)	$ (236,059)
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), after Adjustments, before Tax, Parent	(111)	303
AOCI, Derivative Qualifying as Hedge, Excluded Component, after Tax	1,113	264	1,224	(39)
Currency translation adjustments	8,039	18,457
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax	(9,297)	9,838	9,267	10,382
Amortization of unrecognized losses and prior service cost, net of tax	30	(544)
Accumulated other comprehensive loss	(243,857)	(227,176)	$ (251,755)	$ (246,480)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	11	(182)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	$ (111)	$ 303