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(LOSS) EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
(LOSS) EARNINGS PER SHARE
(LOSS) EARNINGS PER SHARE     
The following are computations of basic and diluted (loss) earnings per share (in thousands except for per share amounts):
 
Three Months Ended
 
March 31,
 
2015
 
2014
Numerator for basic and diluted (loss) earnings per share:
 

 
 

Net (loss) income
$
(7,089
)
 
$
8,960

 
 
 
 
Denominator:
 

 
 

Basic shares outstanding
58,875

 
60,720

Dilutive effect of equity-based compensation awards
—

 
141

Dilutive shares outstanding
58,875

 
60,861

 
 
 
 
Basic (loss) earnings per share:
$
(0.12
)
 
$
0.15

 
 

 
 

Diluted (loss) earnings per share:
$
(0.12
)
 
$
0.15


As a result of the net loss reported for the three months ended March 31, 2015, all outstanding stock options, restricted stock awards and performance awards totaling 539,983 were excluded from the calculation of diluted earnings per share as their inclusion would have an antidilutive effect. For the three months ended March 31, 2014, the dilutive effect of all then outstanding options, restricted stock and performance awards is included in the EPS calculations above except for 101,059 of outstanding performance stock awards for which the performance criteria were not attained at that time.