Earnings Per Share

9 Months Ended

Sep. 30, 2017

Earnings Per Share

Earnings Per Share

Note 10 – Earnings Per Share

The following tables illustrate basic and diluted EPS for the three and nine months ended September 30, 2017 and 2016:

	Three months ended				Nine months ended
	September 30,				September 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	$	123,095		85,352		343,977		245,688
Less income allocated to nonvested awards		(231)		(391)		(871)		(1,240)
Net income allocated to common stock for EPS calculation (a)	$	122,864		84,961		343,106		244,448
Average common shares outstanding (b)		183,917		182,971		183,633		182,656
Basic EPS (a)/(b)	$	0.67		0.46		1.87		1.34
Diluted EPS:
Net income attributable to TSYS common shareholders	$	123,095		85,352		343,977		245,688
Less income allocated to nonvested awards		(231)		(389)		(871)		(1,236)
Add income allocated to nonvested awards1		231		-		871		-
Net income allocated to common stock for EPS calculation (c)	$	123,095		84,963		343,977		244,452
Average common shares outstanding		183,917		182,971		183,633		182,656
Increase due to assumed issuance of shares related to common equivalent shares outstanding		1,192		811		1,123		829
Average nonvested awards1		699		-		717		-
Average common and common equivalent shares outstanding (d)		185,808		183,782		185,473		183,485
Diluted EPS (c)/(d)	$	0.66		0.46		1.85		1.33

¹ Under GAAP, entities that have participating securities must compute basic EPS using the two-class method and compute diluted EPS using the more dilutive approach of either the two-class method or the treasury stock method. In 2017, the Company used the two-class method for diluted EPS.  In 2016, the Company used the treasury stock method for diluted EPS .

	Three months ended				Nine months ended
	September 30,				September 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)	$	231		391	$	871		1,240
Nonvested awards (b)		354		860		475		945
Basic EPS (a)/(b)	$	0.65		0.45	$	1.83		1.31
Diluted EPS:
Net income allocated to nonvested awards (c)	$	229		389	$	867		1,236
Average common and common equivalent shares outstanding (d)		354		860		475		945
Diluted EPS (c)/(d)	$	0.65		0.45	$	1.83		1.31

¹ Under GAAP, entities that have participating securities must compute basic EPS using the two-class method and compute diluted EPS using the more dilutive approach of either the two-class method or the treasury stock method. In 2017, the Company used the two-class method for diluted EPS.  In 2016, the Company used the treasury stock method for diluted EPS .

The diluted EPS calculation excludes stock options and nonvested awards that are exercisable into 0.1 million  and 0.5 million common shares for the three and nine months ended September 30, 2017, respectively, and excludes 0.4 million and 0.5 million common shares for the three and nine months ended September 30, 2016, respectively, because their inclusion would have been anti-dilutive.