EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2012

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
	June 30, 2012					June 30, 2011
	Titan Net income		Weighted- average shares	Per share  amount		Titan Net income		Weighted- average shares	Per share  amount
Basic earnings per share	$	44,056	42,158	$	1.05	$	25,564	41,981	$	0.61
Effect of stock options/trusts	—		270			—		330
Effect of convertible notes	1,143		11,088			1,091		11,083
Diluted earnings per share	$	45,199	53,516	$	0.84	$	26,655	53,394	$	0.50

	Six months ended
	June 30, 2012					June 30, 2011
	Titan Net income		Weighted- average shares	Per share  amount		Titan Net income		Weighted- average shares	Per share  amount
Basic earnings per share	$	79,475	42,132	$	1.89	$	22,528	41,250	$	0.55
Effect of stock options/trusts	—		272			—		314
Effect of convertible notes	2,286		11,088			2,294		11,665
Diluted earnings per share	$	81,761	53,492	$	1.53	$	24,822	53,229	$	0.47

There were no stock options/trusts or convertible notes that were antidilutive for the periods presented.