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(LOSS) EARNINGS PER SHARE
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
(LOSS) EARNINGS PER SHARE
EARNINGS PER SHARE     
The following are computations of basic and diluted earnings per share (in thousands except for per share amounts):
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2014
 
2013
 
2014
 
2013
Numerator for basic and diluted (loss) earnings per share:
 

 
 

 
 
 
 
Net (loss) income
$
(93,337
)
 
$
35,361

 
$
(55,705
)
 
$
68,765

 
 
 
 
 
 
 
 
Denominator:
 

 
 

 
 
 
 
Basic shares outstanding
60,369

 
60,610

 
60,585

 
60,542

Dilutive effect of equity-based compensation awards
—

 
150

 
—

 
150

Dilutive shares outstanding
60,369

 
60,760

 
60,585

 
60,692

 
 
 
 
 
 
 
 
Basic (loss) earnings per share:
$
(1.55
)
 
$
0.58

 
$
(0.92
)
 
$
1.14

 
 

 
 

 
 

 
 

Diluted (loss) earnings per share:
$
(1.55
)
 
$
0.58

 
$
(0.92
)
 
$
1.13


As a result of the net loss reported in the three and nine months ended September 30, 2014, all outstanding restricted stock awards and performance awards totaling 624,145 were excluded from the calculation of diluted earnings per share as their inclusion would have an antidilutive effect. For the three and nine months ended September 30, 2013, the EPS calculations above included the dilutive effects of all then outstanding restricted stock awards and performance awards except for 173,000 of outstanding performance stock awards for which the performance criteria were not attained at that time.