Earnings Per Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share

Note 11 — Earnings Per Share

The following table illustrates basic and diluted EPS for the three months ended September 30, 2013 and 2012:

	Three months ended September 30,
	2013					2012
(in thousands, except per share data)	Common Stock			Participating Securities		Common Stock			Participating Securities
Basic EPS:
Net income attributable to TSYS common shareholders	$	64,350					60,312
Less income allocated to nonvested awards		(605	)		605		(191	)		191
Net income allocated to common stock for EPS calculation (a)	$	63,745			605		60,121			191
Average common shares outstanding (b)		187,726			1,799		187,269			609
Basic EPS (a)/(b)	$	0.34			0.34		0.32			0.31
Diluted EPS:
Net income attributable to TSYS common shareholders	$	64,350					60,312
Less income allocated to nonvested awards		(601	)		601		(191	)		191
Net income allocated to common stock for EPS calculation (c)	$	63,749			601		60,121			191
Average common shares outstanding		187,726			1,799		187,269			609
Increase due to assumed issuance of shares related to common equivalent shares outstanding		1,758					1,218
Average common and common equivalent shares outstanding (d)		189,484			1,799		188,487			609
Diluted EPS (c)/(d)	$	0.34			0.33		0.32			0.31

The following table illustrates basic and diluted EPS for the nine months ended September 30, 2013 and 2012:

	Nine months ended September 30,
	2013					2012
(in thousands, except per share data)	Common Stock			Participating Securities		Common Stock			Participating Securities
Basic EPS:
Net income attributable to TSYS common shareholders	$	179,095					183,418
Less income allocated to nonvested awards		(968	)		968		(613	)		613
Net income allocated to common stock for EPS calculation (a)	$	178,127			968		182,805			613
Average common shares outstanding (b)		187,001			1,034		187,911			642
Basic EPS (a)/(b)	$	0.95			0.94		0.97			0.96
Diluted EPS:
Net income attributable to TSYS common shareholders	$	179,095					183,418
Less income allocated to nonvested awards		(962	)		962		(611	)		611
Net income allocated to common stock for EPS calculation (c)	$	178,133			962		182,807			611
Average common shares outstanding		187,001			1,034		187,911			642
Increase due to assumed issuance of shares related to common equivalent shares outstanding		1,565					1,138
Average common and common equivalent shares outstanding (d)		188,566			1,034		189,049			642
Diluted EPS (c)/(d)	$	0.94			0.93		0.97			0.95

The diluted EPS calculation excludes stock options and nonvested awards that are convertible into 3.0 million and 1.8 million common shares for the three and nine months ended September 30, 2013, respectively, and excludes 2.9 million common shares for the three and nine months ended September 30, 2012, because their inclusion would have been anti-dilutive.