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Earnings Per Share
 12 Months Ended
Dec. 31, 2017
Earnings Per Share  
Earnings Per Share

 

Note 24 Earnings Per Share 

 

The following table illustrates basic and diluted EPS under the guidance of GAAP for the years ended December 31, 2017, 2016 and 2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

2016

 

2015

(in thousands, except per share data)

    

Common
Stock

    

Common
Stock

    

Common
Stock

Basic EPS:

 

 

 

 

 

 

 

 

 

Net income attributable to TSYS common shareholders

 

$

586,185

 

 

319,638

 

 

364,044

Less income allocated to nonvested awards

 

 

(1,373)

 

 

(1,557)

 

 

(3,164)

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

 

$

584,812

 

 

318,081

 

 

360,880

Average common shares outstanding (b)

 

 

183,309

 

 

182,744

 

 

182,465

Basic EPS (a)/(b)

 

$

3.19

 

 

1.74

 

 

1.98

 

 

 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

Net income attributable to TSYS common shareholders

 

$

586,185

 

 

319,638

 

 

364,044

Less income allocated to nonvested awards

 

 

(1,373)

 

 

(1,557)

 

 

(3,148)

Add income allocated to nonvested awards1

 

 

1,373

 

 

1,557

 

 

 -

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

 

$

586,185

 

 

319,638

 

 

360,896

Average common shares outstanding

 

 

183,309

 

 

182,744

 

 

182,465

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

 

 

1,162

 

 

813

 

 

1,157

Average nonvested awards1

 

 

959

 

 

891

 

 

 -

Average common and common equivalent shares outstanding (d)

 

 

185,430

 

 

184,448

 

 

183,622

Diluted EPS (c)/(d)

 

$

3.16

 

 

1.73

 

 

1.97

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2017

 

2016

 

2015

(in thousands, except per share data)

    

Participating Securities

    

Participating Securities

    

Participating Securities

Basic EPS:

 

 

 

 

 

 

 

 

 

Net income allocated to nonvested awards (a)

 

$

1,373

 

 

1,557

 

 

3,164

Nonvested awards (b)

 

 

435

 

 

911

 

 

1,617

Basic EPS (a)/(b)

 

$

3.16

 

 

1.71

 

 

1.96

 

 

 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

Net income allocated to nonvested awards (c)

 

$

1,366

 

 

1,552

 

 

3,148

Average common and common equivalent shares outstanding (d)

 

 

435

 

 

911

 

 

1,617

Diluted EPS (c)/(d)

 

$

3.14

 

 

1.70

 

 

1.95

 

 

 

 

 

 

 

 

 

 

 

The diluted EPS calculation excludes stock options and nonvested awards that are exercisable into 0.3 million, 0.4 million and 0.6 million common shares for the years ended December 31, 2017, 2016 and 2015, respectively, because their inclusion would have been anti-dilutive.