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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2014
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
 
June 30, 2014
 
June 30, 2013
 
Titan Net loss
 
Weighted-
average shares
 
Per share
 amount
 
Titan Net income
 
Weighted-
average shares
 
Per share
 amount
Basic earnings per share
$
(20,511
)
 
53,486

 
$
(0.38
)
 
$
23,217

 
53,426

 
$
0.43

   Effect of stock options/trusts
—

 
—

 
 

 
—

 
280

 
 

   Effect of convertible notes
—

 
—

 
 
 
609

 
5,798

 
 
Diluted earnings per share
$
(20,511
)
 
53,486

 
$
(0.38
)
 
$
23,826

 
59,504

 
$
0.40



 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended
 
June 30, 2014
 
June 30, 2013
 
Titan Net income
 
Weighted-
average shares
 
Per share
 amount
 
Titan Net income
 
Weighted-
average shares
 
Per share
 amount
Basic earnings per share
$
(18,348
)
 
53,478

 
$
(0.34
)
 
$
42,692

 
52,625

 
$
0.81

   Effect of stock options/trusts
—

 
—

 
 

 
—

 
290

 
 

   Effect of convertible notes
—

 
—

 
 
 
1,381

 
6,612

 
 
Diluted earnings per share
$
(18,348
)
 
53,478

 
$
(0.34
)
 
$
44,073

 
59,527

 
$
0.74



The effect of stock options/trusts has been excluded for the three and six months ended June 30, 2014, 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 and six months ended June 30, 2014, as the effect would have been antidilutive. The weighted average share amount excluded was 5.8 million shares.