EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2020

Earnings per share for 2021, 2020, and 2019 were as follows (amounts in thousands, except per share data):


	2021		2020		2019
Net income (loss) attributable to Titan	$	49,586	$	(60,388)	$	(48,425)
Redemption value adjustment	—		—		(1,928)
Net income (loss) applicable to common shareholders	$	49,586	$	(60,388)	$	(50,353)



Determination of Shares:
Weighted average shares outstanding (basic)	62,100		60,818		60,100
Effect of restricted stock and stock options	585		—		—

Weighted average shares outstanding (diluted)	62,685		60,818		60,100
Earnings per share:
Basic	$	0.80	$	(0.99)	$	(0.84)
Diluted	$	0.79	$	(0.99)	$	(0.84)

The effect of restricted stock and stock options has been excluded for 2020 and 2019, as the effect would have been antidilutive. The weighted average share amount excluded for restricted stock and stock options was 0.4 million shares and 0.0 million shares for 2020 and 2019, respectively.