EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2015

Earnings per share (EPS) were as follows (amounts in thousands, except per share data):



	Three months ended
	June 30, 2015					June 30, 2014
	Titan net income		Weighted- average shares	Per share amount		Titan net loss			Weighted- average shares	Per share amount
Basic earnings per share	$	6,771	53,686	$	0.13	$	(20,511	)	53,486	$	(0.38	)
Effect of stock options/trusts	—		208			—			—
Effect of convertible notes	609		5,595			—			—
Diluted earnings per share	$	7,380	59,489	$	0.12	$	(20,511	)	53,486	$	(0.38	)



	Six months ended
	June 30, 2015					June 30, 2014
	Titan net income		Weighted- average shares	Per share amount		Titan net loss			Weighted- average shares	Per share amount
Basic earnings per share	$	7,003	53,674	$	0.13	$	(18,348	)	53,478	$	(0.34	)
Effect of stock options/trusts	—		184			—			—
Diluted earnings per share	$	7,003	53,858	$	0.13	$	(18,348	)	53,478	$	(0.34	)

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 ended June 30, 2014, and the six months ended June 30, 2015 and 2014, as the effect would have been antidilutive. The weighted average share amount excluded for convertible notes totaled 5.8 million shares for the three and six months ended June 30, 2014, and 5.6 million shares for the six months ended June 30, 2015.