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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2017
Earnings Per Share  
Basic and Diluted Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended June 30, 

 

Six months ended June 30, 

 

 

2017

 

2016

 

2017

 

2016

(in thousands, except per share data)

    

Common
Stock

    

Common
Stock

    

Common
Stock

    

Common
Stock

Basic EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to TSYS common shareholders

 

$

115,014

 

 

69,708

 

 

220,882

 

 

160,336

Less income allocated to nonvested awards

 

 

(252)

 

 

(347)

 

 

(631)

 

 

(850)

Net income allocated to common stock for EPS calculation (a)

 

$

114,762

 

 

69,361

 

 

220,251

 

 

159,486

Average common shares outstanding (b)

 

 

183,741

 

 

183,724

 

 

183,484

 

 

183,489

Basic EPS (a)/(b)

 

$

0.62

 

 

0.38

 

 

1.20

 

 

0.87

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to TSYS common shareholders

 

$

115,014

 

 

69,708

 

 

220,882

 

 

160,336

Less income allocated to nonvested awards

 

 

(252)

 

 

(346)

 

 

(631)

 

 

(847)

Add income allocated to nonvested awards1

 

 

252

 

 

 -

 

 

631

 

 

 -

Net income allocated to common stock for EPS calculation (c)

 

$

115,014

 

 

69,362

 

 

220,882

 

 

159,489

Average common shares outstanding

 

 

183,741

 

 

183,724

 

 

183,484

 

 

183,489

Increase due to assumed issuance of shares related to common equivalent shares outstanding

 

 

1,121

 

 

874

 

 

1,093

 

 

846

Average nonvested awards1

 

 

425

 

 

 -

 

 

545

 

 

 -

Average common and common equivalent shares outstanding (d)

 

 

185,287

 

 

184,598

 

 

185,122

 

 

184,335

Diluted EPS (c)/(d)

 

$

0.62

 

 

0.38

 

 

1.19

 

 

0.87

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended June 30, 

 

Six months ended June 30, 

 

 

2017

 

2016

 

2017

 

2016

(in thousands, except per share data)

    

Participating Securities

    

Participating Securities

    

Participating Securities

    

Participating Securities

Basic EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Net income allocated to nonvested awards (a)

 

$

252

 

 

347

 

$

631

 

 

850

Nonvested awards (b)

 

 

412

 

 

934

 

 

536

 

 

989

Basic EPS (a)/(b)

 

$

0.61

 

 

0.37

 

$

1.18

 

 

0.86

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Net income allocated to nonvested awards (c)

 

$

250

 

 

346

 

$

628

 

 

847

Average common and common equivalent shares outstanding (d)

 

 

412

 

 

934

 

 

536

 

 

989

Diluted EPS (c)/(d)

 

$

0.61

 

 

0.37

 

$

1.17

 

 

0.86

 

 

 

 

 

 

 

 

 

 

 

 

 

1

In accordance with the diluted EPS guidance under the two-class method, the Company uses the approach – either the treasury stock method or the two-class method assuming a participating security is not exercised – that is more dilutive. In 2017, the Company used the two-class method. In 2016, the Company used the treasury stock method.