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EARNINGS PER SHARE | 3 Months Ended
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Mar. 31, 2016
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
| March 31,
| 2016 |  | 2015
Net loss attributable to Titan | $ | (9,152 | ) |  | $ | 232 |
Redemption value adjustment | (5,208 | ) |  | (2,930 | )
Net loss applicable to common shareholders | $ | (14,360 | ) |  | $ | (2,698 | )
Determination of Shares: |  |  |
Weighted average shares outstanding (basic and diluted) | 53,854 |  |  | 53,663 |
Earnings per share: |  |  |
Basic and diluted | (0.27 | ) |  | (0.05 | )
The effect of stock options/trusts has been excluded for the three months ended March 31, 2016 and 2015, as the effect would have been antidilutive. The weighted average share amount excluded was 0.2 million for each of the three months ended March 31, 2016 and 2015. The effect of convertible notes has been excluded for the three months ended March 31, 2016 and 2015, as the effect would have been antidilutive. The weighted average share amount excluded for convertible notes totaled 5.6 million shares for the three months ended March 31, 2016 and 2015.

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