XML 84 R71.htm IDEA: XBRL DOCUMENT v3.3.1.900
EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
Earnings per share for 2015, 2014 and 2013 are (amounts in thousands, except per share data):
 
2015
 
2014
 
2013
Net income (loss) attributable to Titan
$
(75,633
)
 
$
(80,461
)
 
$
35,205

   Redemption value adjustment
(17,668
)
 
(49,277
)
 
—

Net income (loss) applicable to common shareholders
(93,301
)
 
(129,738
)

35,205

   Effect of convertible notes
—

 
—

 
2,600

Net income (loss) applicable to common shareholders and assumed conversions
$
(93,301
)
 
$
(129,738
)

$
37,805

Determination of Shares:
 
 

 
 
   Weighted average shares outstanding (basic)
53,696

 
53,497

 
53,039

   Effect of stock options/trusts
—

 
—

 
258

   Effect of convertible notes
—

 
—

 
6,225

   Weighted average shares outstanding (diluted)
53,696

 
53,497

 
59,522

Earnings per share:
 
 

 

   Basic
$
(1.74
)
 
$
(2.43
)
 
$
0.66

   Diluted
$
(1.74
)
 
$
(2.43
)
 
$
0.64


The effect of stock options/trusts and convertible notes has been excluded for 2014 and 2015, as the effect would have been antidilutive. The weighted average share amount excluded for stock options/trusts was 0.2 million and 0.2 million for 2015 and 2014, respectively. The effect of convertible notes has been excluded for 2014, as the effect would have been antidilutive. The weighted average share amount excluded for convertible notes was 5.6 million and 5.6 million for 2015 and 2014, respectively.