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EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2012
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, 2012
 
March 31, 2011
 
Titan Net income (loss)
 
Weighted-
average shares
 
Per share
 amount
 
Titan Net income (loss)
 
Weighted-
average shares
 
Per share
 amount
Basic earnings per share
$
35,419

 
42,105

 
$
0.84

 
$
(3,036
)
 
40,511

 
$
(0.07
)
   Effect of stock options/trusts
—

 
274

 
 

 
—

 
—

 
 

   Effect of convertible notes
1,143

 
11,071

 
 
 
—

 
—

 
 
Diluted earnings per share
$
36,562

 
53,450

 
$
0.68

 
$
(3,036
)
 
40,511

 
$
(0.07
)


The effect of stock options/trusts has been excluded for the three months ended March 31, 2011, as the effect would have been antidilutive. The weighted average share amount excluded was 0.3 million shares.

The effect of convertible notes has been excluded for the three months ended March 31, 2011, as the effect would have been antidilutive. The weighted average share amount excluded was 12.3 million shares.