XML 35 R24.htm IDEA: XBRL DOCUMENT v3.5.0.2
EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 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
 
Nine months ended
 
September 30,
 
September 30,
 
2016
 
2015
 
2016
 
2015
 
 
 
 
 
 
 
 
Net loss attributable to Titan
$
(9,952
)
 
$
(31,476
)
 
$
(21,003
)
 
$
(24,473
)
   Redemption value adjustment
(1,367
)
 
(11,051
)
 
(8,475
)
 
(11,401
)
Net loss applicable to common shareholders
$
(11,319
)
 
$
(42,527
)
 
$
(29,478
)
 
$
(35,874
)
Determination of shares:
 
 
 
 
 
 
 
   Weighted average shares outstanding (basic and diluted)
53,946

 
53,707

 
53,895

 
53,685

Earnings per share:
 
 
 
 
 
 
 
   Basic and diluted
(0.21
)
 
(0.79
)
 
(0.55
)
 
(0.67
)


The effect of stock options/trusts has been excluded for the three and nine months ended September 30, 2016 and 2015, as the effect would have been antidilutive. The weighted average share amount excluded was 0.3 million for the three months ended September 30, 2016 and 0.2 million for the nine months ended September 30, 2016. For the three and nine months ended September 30, 2015 the weighted average share amount excluded was 0.2 million.

The effect of convertible notes has been excluded for the three months and nine months ended September 30, 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 and nine months ended September 30, 2016 and 2015.