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EARNINGS PER SHARE (Tables) | 12 Months Ended
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Dec. 31, 2014
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Earnings per share for 2014, 2013 and 2012, are (amounts in thousands, except per share data):
| 2014 (As restated) |  | 2013 |  | 2012
Net income (loss) attributable to Titan | $ | (80,461 | ) |  | $ | 35,205 |  |  | $ | 107,231 |
Redemption value adjustment | (49,277 | ) |  | — |  |  | — |
Net income (loss) applicable to common shareholders | (129,738 | ) |  | 35,205 |  |  | 107,231 |
Effect of convertible notes | — |  |  | 2,600 |  |  | 4,572 |
Net income (loss) applicable to common shareholders and assumed conversions | $ | (129,738 | ) |  | $ | 37,805 |  |  | $ | 111,803 |
Determination of Shares: |  |  |  |  |
Weighted average shares outstanding (basic) | 53,497 |  |  | 53,039 |  |  | 43,380 |
Effect of stock options/trusts | — |  |  | 258 |  |  | 254 |
Effect of convertible notes | — |  |  | 6,225 |  |  | 11,028 |
Weighted average shares outstanding (diluted) | 53,497 |  |  | 59,522 |  |  | 54,662 |
Earnings per share: |  |  |  |  |
Basic | $ | (2.43 | ) |  | $ | 0.66 |  |  | $ | 2.47 |
Diluted | $ | (2.43 | ) |  | $ | 0.64 |  |  | $ | 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.
| Year ended December 31, 2014
| As reported |  | Adjustment |  | As restated
Loss per common share: |  |  |  |  |
Basic | $ | (1.50 | ) |  | $ | (0.93 | ) |  | $ | (2.43 | )
Diluted | $ | (1.50 | ) |  | $ | (0.93 | ) |  | $ | (2.43 | )
The following table (unaudited) summarizes the restatement adjustments of the Company’s earnings per share for the quarters in the year ended December 31, 2014:
| Quarter ended |  | Year ended
| March 31 |  | June 30 |  | September 30 |  | December 31 |  | December 31
| Unaudited |  | Unaudited |  | Unaudited |  | Unaudited |  |
Basic income (loss) per common share - as reported | $ | 0.04 |  |  | $ | (0.38 | ) |  | $ | (0.17 | ) |  | $ | (0.99 | ) |  | $ | (1.50 | )
Basic income (loss) per common share - as restated | $ | 0.02 |  |  | $ | (0.40 | ) |  | $ | (0.47 | ) |  | $ | (1.58 | ) |  | $ | (2.43 | )
Adjustment | $ | (0.02 | ) |  | $ | (0.02 | ) |  | $ | (0.30 | ) |  | $ | (0.59 | ) |  | $ | (0.93 | )
Diluted income (loss) per common share - as reported | $ | 0.04 |  |  | $ | (0.38 | ) |  | $ | (0.17 | ) |  | $ | (0.99 | ) |  | $ | (1.50 | )
Diluted income (loss) per common share - as restated | $ | 0.02 |  |  | $ | (0.40 | ) |  | $ | (0.47 | ) |  | $ | (1.58 | ) |  | $ | (2.43 | )
Adjustment | $ | (0.02 | ) |  | $ | (0.02 | ) |  | $ | (0.30 | ) |  | $ | (0.59 | ) |  | $ | (0.93 | )

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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