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NET (LOSS) INCOME PER SHARE
 12 Months Ended
Dec. 31, 2013
NET (LOSS) INCOME PER SHARE [Abstract]  
NET (LOSS) INCOME PER SHARE
7 - NET (LOSS) INCOME PER SHARE

The computation of basic net (loss) income per share is based on the weighted-average number of common shares outstanding during the year.  The computation of diluted net (loss) income per share assumes the vesting of nonvested stock awards (refer to Note 21 — Nonvested Stock Awards), for which the assumed proceeds upon vesting are deemed to be the amount of compensation cost attributable to future services and are not yet recognized using the treasury stock method, to the extent dilutive.  Of the 880,465 nonvested shares outstanding at December 31, 2013 (refer to Note 21 — Nonvested Stock Awards), all are anti-dilutive.  The Company’s diluted net (loss) income per share will also reflect the assumed conversion under the Company’s convertible debt if the impact is dilutive under the “if converted” method. The impact of the shares convertible under the Company’s convertible notes is excluded from the computation of diluted earnings per share when interest expense per common share obtainable upon conversion is greater than basic earnings per share.

The components of the denominator for the calculation of basic net (loss) income per share and diluted net (loss) income per share are as follows:

 
Years Ended December 31,
 
 
2013
  
2012
  
2011
 
 
 
  
  
 
Common shares outstanding, basic:
 
  
  
 
Weighted-average common shares outstanding, basic
  
43,249,070
   
41,727,075
   
35,179,244
 
 
            
Common shares outstanding, diluted:
            
Weighted-average common shares outstanding, basic
  
43,249,070
   
41,727,075
   
35,179,244
 
 
            
Dilutive effect of convertible notes
  
—
   
—
   
—
 
 
            
Dilutive effect of restricted stock awards
  
—
   
—
   
78,961
 
 
            
Weighted-average common shares outstanding, diluted
  
43,249,070
   
41,727,075
   
35,258,205
 

The following table sets forth a reconciliation of the net (loss) income attributable to GS&T and the net (loss) income attributable to GS&T for diluted net (loss) income per share under the “if-converted” method:

 
 
Years Ended December 31,
 
 
 
2013
  
2012
  
2011
 
 
 
  
  
 
Net (loss) income attributable to GS&T
 
$
(147,741
)
 
$
(144,928
)
 
$
25,386
 
 
            
Interest expense related to convertible notes, if dilutive
  
—
   
—
   
—
 
 
            
Net (loss) income attributable to GS&T for the computation of diluted net (loss) income per share
$
(147,741
)$
(144,928
)$
25,386