EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2011

19. EARNINGS PER SHARE

Earnings per share (EPS) are as follows (amounts in thousands, except per share data):

	Three months ended,
	September 30, 2011						September 30, 2010
	Titan Net Income		Weighted average shares		Per share amount		Titan Net Income		Weighted average shares		Per share amount
Basic EPS	$	21,163		42,028	$	.50	$	4,015		34,868	$	.12
Effect of stock options/trusts		0		238				0		529
Effect of convertible notes		1,091		10,795				1,598		16,376
Diluted EPS	$	22,254		53,061	$	.42	$	5,613		51,773	$	.11

	Nine months ended,
	September 30, 2011						September 30, 2010
	Titan Net Income		Weighted average shares		Per share amount		Titan Net Income		Weighted average shares		Per share amount
Basic EPS	$	43,691		41,512	$	1.05	$	10,662		34,819	$	.31
Effect of stock options/trusts		0		287				0		545
Effect of convertible notes		3,385		11,171				4,827		16,376
Diluted EPS	$	47,076		52,970	$	.89	$	15,489		51,740	$	.30

There were no stock options/trusts or convertible notes that were antidilutive for the periods presented.