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Earnings Per Share
 3 Months Ended
Jun. 30, 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 Six Months Ended 
 June 30 June 30 
(Dollars in thousands)2014 2013 2014 2013 
Income/(loss) from continuing operations$ 81,180 $ 45,235 $ 130,410 $ 89,774 
Income/(loss) from discontinued operations, net of tax  -   1   -   431 
Net income/(loss)  81,180   45,236   130,410   90,205 
Net income attributable to noncontrolling interest  2,859   2,843   5,672   5,656 
Net income/(loss) attributable to controlling interest  78,321   42,393   124,738   84,549 
Preferred stock dividends  1,550   1,550   3,100   2,738 
Net income/(loss) available to common shareholders$ 76,771 $ 40,843 $ 121,638 $ 81,811 
             
             
Income/(loss) from continuing operations$ 81,180 $ 45,235 $ 130,410 $ 89,774 
Net income attributable to noncontrolling interest  2,859   2,843   5,672   5,656 
Preferred stock dividends  1,550   1,550   3,100   2,738 
Net income/(loss) from continuing operations available to common shareholders$ 76,771 $ 40,842 $ 121,638 $ 81,380 

The component of Income/(loss) from continuing operations attributable to FHN as the controlling interest holder was $78.3 million and $42.4 million during the three months ended June 30, 2014 and 2013, respectively, and $124.7 million and $84.1 million during the six months ended June 30, 2014 and 2013, respectively.

The following table provides a reconciliation of weighted average common shares to diluted average common shares:
              
 Three Months Ended Six Months Ended 
 June 30 June 30 
(Shares in thousands)2014 2013 2014  2013 
Weighted average common shares outstanding - basic 235,797  239,248  235,492   240,055 
Effect of dilutive securities   1,453   1,643   1,833    1,804 
Weighted average common shares outstanding - diluted 237,250  240,891  237,325   241,859 

The following tables provide a reconciliation of earnings/(loss) per common and diluted share:
      
              
 Three Months Ended Six Months Ended 
 June 30 June 30 
Earnings/(loss) per common share:2014 2013 2014  2013 
Income/(loss) per share from continuing operations available to common shareholders$0.33 $0.17 $0.52  $0.34 
Net income/(loss) per share available to common shareholders$0.33 $0.17 $0.52  $0.34 
              
Diluted earnings/(loss) per common share:             
Diluted income/(loss) per share from continuing operations available to common shareholders$0.32 $ 0.17 $0.51  $0.34 
Diluted income/(loss) per share available to common shareholders$0.32 $0.17 $0.51  $0.34 

For the three months ended June 30, 2014 and 2013, the dilutive effect for all potential common shares was 1.5 million and 1.6 million, respectively. For the six months ended June 30, 2014 and 2013, the dilutive effect for all potential common shares was 1.8 million. Stock options of 5.6 million and 8.6 million with weighted average exercise prices of $21.17 and $21.35 per share for the three months ended June 30, 2014 and 2013, respectively, were excluded from diluted shares because including such shares would be antidilutive. Stock options of 4.8 million and 8.7 million with weighted average exercise prices of $24.26 and $21.89 per share for the six months ended June 30, 2014 and 2013, respectively, were also excluded from diluted shares.