Earnings Per Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Note 10 – Earnings Per Share

The following tables provide a reconciliation of the numerators used in calculating earnings/(loss) per share attributable to common shareholders:
	Three Months Ended
	March 31
(Dollars in thousands)	2014		2013
Income/(loss) from continuing operations	$	49,230	$	44,539
Income/(loss) from discontinued operations, net of tax		-		430
Net income/(loss)		49,230		44,969
Net income attributable to noncontrolling interest		2,813		2,813
Net income/(loss) attributable to controlling interest	$	46,417	$	42,156
Preferred stock dividends		1,550		1,188
Net income/(loss) available to common shareholders	$	44,867	$	40,968
Income/(loss) from continuing operations	$	49,230	$	44,539
Net income attributable to noncontrolling interest		2,813		2,813
Preferred stock dividends		1,550		1,188
Net income/(loss) from continuing operations available to common shareholders	$	44,867	$	40,538

The component of Income/(loss) from continuing operations attributable to FHN as the controlling interest holder was$46.4millionand $41.7million during the three months ended March 31, 2014 and 2013,respectively.

The following table provides a reconciliation of weighted average common shares to diluted average common shares:
	Three Months Ended
	March 31
(Shares in thousands)		2014	2013
Weighted average common shares outstanding - basic	235,183		240,870
Effect of dilutive securities	2,218		1,929
Weighted average common shares outstanding - diluted	237,401		242,799

The following tables provide a reconciliation of earnings/(loss) per common and diluted share:
	Three Months Ended
	March 31
Earnings/(loss) per common share:	2014		2013
Income/(loss) per share from continuing operations available to common shareholders	$	0.19	$	0.17
Income/(loss) per share from discontinued operations, net of tax		-		-
Net income/(loss) per share available to common shareholders	$	0.19	$	0.17
Diluted earnings/(loss) per common share:
Diluted income/(loss) per share from continuing operations available to common shareholders	$	0.19	$	0.17
Diluted income/(loss) per share from discontinued operations, net of tax		-		-
Diluted income/(loss) per share available to common shareholders	$	0.19	$	0.17

For the three months ended March 31, 2014 and 2013, the dilutive effect for all potential common shares was 2.2 million and 1.9 million, respectively. Stock options of4.7million and 8.8 million with weighted average exercise prices of $26.09 and $22.41 per share for the three months ended March 31, 2014 and 2013, respectively, were excluded from diluted shares because including such shares would be antidilutive.