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EARNINGS PER SHARE (Tables)
 12 Months Ended
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
)