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EARNINGS PER SHARE | 6 Months Ended
--- | ---
Jun. 30, 2015
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE Earnings per share (EPS) were as follows (amounts in thousands, except per share data):
| Three months ended |  | Six months ended
| June 30, |  | June 30,
| 2015 |  | 2014 |  | 2015 |  | 2014
| (As restated) |  | (As restated) |  | (As restated) |  | (As restated)
Net income (loss) attributable to Titan | $ | 6,771 |  |  | $ | (20,511 | ) |  | $ | 7,003 |  |  | $ | (18,348 | )
Redemption value adjustment | 2,580 |  |  | (659 | ) |  | (350 | ) |  | (1,677 | )
Net income (loss) applicable to common shareholders | 9,351 |  |  | (21,170 | ) |  | 6,653 |  |  | (20,025 | )
Effect of convertible notes | 609 |  |  | — |  |  | — |  |  | — |
Net income (loss) applicable to common shareholders and assumed conversions | $ | 9,960 |  |  | $ | (21,170 | ) |  | $ | 6,653 |  |  | $ | (20,025 | )
Determination of Shares: |  |  |  |  |  |  |
Weighted average shares outstanding (basic) | 53,686 |  |  | 53,486 |  |  | 53,674 |  |  | 53,478 |
Effect of stock options/trusts | 208 |  |  | — |  |  | 184 |  |  | — |
Effect of convertible notes | 5,595 |  |  | — |  |  | — |  |  | — |
Weighted average shares outstanding (diluted) | 59,489 |  |  | 53,486 |  |  | 53,858 |  |  | 53,478 |
Earnings per share: |  |  |  |  |  |  |
Basic | $ | 0.17 |  |  | $ | (0.40 | ) |  | $ | 0.12 |  |  | $ | (0.37 | )
Diluted | $ | 0.17 |  |  | $ | (0.40 | ) |  | $ | 0.12 |  |  | $ | (0.37 | )
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.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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