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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 (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.