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EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2014
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
 
September 30, 2014
 
September 30, 2013
 
Titan Net loss
 
Weighted-
average shares
 
Per share
 amount
 
Titan Net income
 
Weighted-
average shares
 
Per share
 amount
Basic earnings per share
$
(9,067
)
 
53,497

 
$
(0.17
)
 
$
8,093

 
53,440

 
$
0.15

   Effect of stock options/trusts
—

 
—

 
 

 
—

 
207

 
 

   Effect of convertible notes
—

 
—

 
 
 
610

 
5,744

 
 
Diluted earnings per share
$
(9,067
)
 
53,497

 
$
(0.17
)
 
$
8,703

 
59,391

 
$
0.15



 
 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended
 
September 30, 2014
 
September 30, 2013
 
Titan Net loss
 
Weighted-
average shares
 
Per share
 amount
 
Titan Net income
 
Weighted-
average shares
 
Per share
 amount
Basic earnings per share
$
(27,415
)
 
53,484

 
$
(0.51
)
 
$
50,785

 
52,900

 
$
0.96

   Effect of stock options/trusts
—

 
—

 
 

 
—

 
265

 
 

   Effect of convertible notes
—

 
—

 
 
 
1,991

 
6,279

 
 
Diluted earnings per share
$
(27,415
)
 
53,484

 
$
(0.51
)
 
$
52,776

 
59,444

 
$
0.89



The effect of stock options/trusts has been excluded for the three and nine months ended September 30, 2014, as the effect would have been antidilutive. The weighted average share amount excluded was 0.2 million and 0.3 million shares for the three and nine months ended September 30, 2014, respectively.

The effect of convertible notes has been excluded for the three months and nine months ended September 30, 2014, as the effect would have been antidilutive. The weighted average share amount excluded was 5.6 million shares.