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(LOSS) EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 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):
 
Years Ended December 31,
 
2014
 
2013
 
2012
Numerator for basic and diluted earnings per share:
 
 
 
 
 
Net (loss) income
$
(28,328
)
 
$
95,566

 
$
129,674

Denominator:
 
 
 
 
 
  Weighted basic shares outstanding
60,311

 
60,574

 
53,884

  Dilutive effect of equity-based compensation awards
—

 
154

 
195

  Weighted dilutive shares outstanding
60,311

 
60,728

 
54,079


 
 
 
 
 
Basic (loss) earnings per share
$
(0.47
)
 
$
1.58

 
$
2.41

Diluted (loss) earnings per share
$
(0.47
)
 
$
1.57

 
$
2.40


As a result of the net loss reported for the year ended December 31, 2014, all outstanding stock options, restricted stock awards and performance awards totaling 562,896 were excluded from the calculation of diluted earnings per share as their inclusion would have an antidilutive effect. For the years ended December 31, 2013 and 2012, the dilutive effect of all then outstanding options, restricted stock and performance stock awards is included in the calculations above except for 109,861 and 65,336 outstanding performance stock awards, respectively, for which the performance criteria were not attained at that time.