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EARNINGS PER SHARE | 6 Months Ended
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Jun. 30, 2011
Earnings Per Share |
Earnings Per Share | 18. EARNINGS PER SHARE Earnings per share (EPS) are as follows (amounts in thousands, except per share data):
|  | Three months ended, |
|  | June 30, 2011 |  |  | June 30, 2010 |
|  | Titan Net Income |  |  | Weighted average shares |  |  | Per share amount |  |  | Titan Net Income |  |  | Weighted average shares |  |  | Per share amount |
Basic EPS |  | $ | 25,285 |  |  |  | 41,981 |  |  | $ | .60 |  |  | $ | 4,569 |  |  |  | 34,815 |  |  | $ | .13 |
Effect of stock options/trusts |  |  | 0 |  |  |  | 330 |  |  |  |  |  |  |  | 0 |  |  |  | 549 |  |  |  |  |
Effect of convertible notes |  |  | 1,091 |  |  |  | 11,083 |  |  |  |  |  |  |  | 1,614 |  |  |  | 16,043 |  |  |  |  |
Diluted EPS |  | $ | 26,376 |  |  |  | 53,394 |  |  | $ | .49 |  |  | $ | 6,183 |  |  |  | 51,407 |  |  | $ | .12 |
|  | Six months ended, |
|  | June 30, 2011 |  |  | June 30, 2010 |
|  | Titan Net Income |  |  | Weighted average shares |  |  | Per share amount |  |  | Titan Net Income |  |  | Weighted average shares |  |  | Per share amount |
Basic EPS |  | $ | 22,249 |  |  |  | 41,250 |  |  | $ | .54 |  |  | $ | 6,647 |  |  |  | 34,794 |  |  | $ | .19 |
Effect of stock options/trusts |  |  | 0 |  |  |  | 314 |  |  |  |  |  |  |  | 0 |  |  |  | 553 |  |  |  |  |
Effect of convertible notes |  |  | 2,294 |  |  |  | 11,665 |  |  |  |  |  |  |  | 0 |  |  |  | 0 |  |  |  |  |
Diluted EPS |  | $ | 24,543 |  |  |  | 53,229 |  |  | $ | .46 |  |  | $ | 6,647 |  |  |  | 35,347 |  |  | $ | .19 |
The effect of convertible notes has been excluded for the six months ended June 30, 2010, as the effect would have been antidilutive. The weighted average share amount excluded for convertible notes totaled 16.0 million shares. There were no stock options/trusts that were antidilutive for the periods presented.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=6945512&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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