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Earnings Per Share
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share

 

Note 25 Earnings Per Share 

 

The following table illustrates basic and diluted EPS under the guidance of GAAP for the years ended December 31, 2016, 2015 and 2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

2015

 

2014

 

(in thousands, except per share data)

    

Common
Stock

    

Common
Stock

    

Common
Stock

    

Basic EPS:

 

 

 

 

 

 

 

 

 

 

Net income attributable to TSYS common shareholders

 

$

319,638

 

$

364,044

 

$

322,872

 

Less income allocated to nonvested awards

 

 

(1,557)

 

 

(3,164)

 

 

(3,308)

 

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

 

 

318,081

 

$

360,880

 

$

319,564

 

Average common shares outstanding(b)

 

 

182,744

 

 

182,465

 

 

184,297

 

Basic EPS(a)/(b)

 

$

1.74

 

$

1.98

 

$

1.73

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

 

Net income attributable to TSYS common shareholders

 

$

319,638

 

$

364,044

 

$

322,872

 

Less income allocated to nonvested awards

 

 

(1,557)

 

 

(3,148)

 

 

(3,288)

 

Add income allocated to nonvested awards1

 

 

1,557

 

 

 -

 

 

 -

 

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

 

$

319,638

 

$

360,896

 

$

319,584

 

Average common shares outstanding

 

 

182,744

 

 

182,465

 

 

184,297

 

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

 

 

813

 

 

1,157

 

 

1,459

 

Average nonvested awards1

 

 

891

 

 

 -

 

 

 -

 

Average common and common equivalent shares outstanding(d)

 

 

184,448

 

 

183,622

 

 

185,756

 

Diluted EPS(c)/(d)

 

$

1.73

 

$

1.97

 

$

1.72

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

2015

 

2014

 

(in thousands, except per share data)

    

Participating Securities

    

Participating Securities

    

Participating Securities

    

Basic EPS:

 

 

 

 

 

 

 

 

 

 

Net income allocated to nonvested awards(a)

 

$

1,557

 

 

3,164

 

 

3,308

 

Nonvested awards(b)

 

 

911

 

 

1,617

 

 

1,925

 

Basic EPS(a)/(b)

 

$

1.71

 

 

1.96

 

 

1.72

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

 

Net income allocated to nonvested awards(c)

 

$

1,552

 

 

3,148

 

 

3,288

 

Average common and common equivalent shares outstanding(d)

 

 

911

 

 

1,617

 

 

1,925

 

Diluted EPS(c)/(d)

 

$

1.70

 

 

1.95

 

 

1.71

 

 

 

 

 

 

 

 

 

 

 

 

 

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 2016, the Company used the two-class method. In 2015 and 2014, the Company used the treasury stock method.

 

The diluted EPS calculation excludes stock options and nonvested awards that are exercisable into 0.4 million, 0.6 million and 1.1 million common shares for the years ended December 31, 2016, 2015 and 2014, respectively, because their inclusion would have been anti-dilutive.