XML 60 R44.htm IDEA: XBRL DOCUMENT v2.4.1.9
EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE

Earnings per share for 2014, 2013 and 2012, are (amounts in thousands, except per share data):

2014
Titan Net income (loss)
 
Weighted-
average shares
 
Per share
 amount
Basic earnings per share
$
(80,461
)
 
53,497

 
$
(1.50
)
Effect of stock options/trusts
—

 
—

 
 

Effect of convertible notes
—

 
—

 
 
Diluted earnings per share
$
(80,461
)
 
53,497

 
$
(1.50
)
2013
 

 
 

 
 

Basic earnings per share
$
35,205

 
53,039

 
$
0.66

Effect of stock options/trusts
—

 
258

 
 
Effect of convertible notes
2,600

 
6,225

 
 
Diluted earnings per share
$
37,805

 
59,522

 
$
0.64

2012
 

 
 

 
 

Basic earnings per share
$
107,231

 
43,380

 
$
2.47

Effect of stock options/trusts
—

 
254

 
 
Effect of convertible notes
4,572

 
11,028

 
 
Diluted earnings per share
$
111,803

 
54,662

 
$
2.05


The effect of stock options/trusts has been excluded for 2014, as the effect would have been antidilutive. The weighted average share amount excluded was 0.2 million. The effect of convertible notes has been excluded for 2014, as the effect would have been antidilutive. The weighted average share amount excluded was 5.6 million shares.