EARNINGS PER COMMON SHARE (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011		Dec. 31, 2010
Net loss	$ (480,114)	$ (201,363)	[1]	$ (122,542)	[1]
Common shares outstanding, basic and diluted:
Weighted average shares outstanding, basic and diluted (in shares)	30,339,258	30,228,441		29,498,127

[1] Net loss has been restated for 2011 and 2010 as more fully described in Note 2 “Company Inquiry and Restatement.”