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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2018
Earnings Per Share  
Schedule of basic and diluted EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

Nine months ended

 

 

 

September 30, 

 

September 30, 

 

 

 

2018

 

2017

 

2018

 

2017

 

(in thousands, except per share data)

    

Common
Stock

    

Common
Stock

    

Common
Stock

    

Common
Stock

    

Basic EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to TSYS common shareholders

 

$

155,960

 

 

123,095

 

 

440,236

 

 

343,977

 

Less income allocated to nonvested awards

 

 

(62)

 

 

(231)

 

 

(299)

 

 

(871)

 

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

 

$

155,898

 

 

122,864

 

 

439,937

 

 

343,106

 

Average common shares outstanding (b)

 

 

182,355

 

 

183,917

 

 

182,016

 

 

183,633

 

Basic EPS (a)/(b)

 

$

0.85

 

 

0.67

 

 

2.42

 

 

1.87

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to TSYS common shareholders

 

$

155,960

 

 

123,095

 

 

440,236

 

 

343,977

 

Less income allocated to nonvested awards

 

 

(62)

 

 

(231)

 

 

(299)

 

 

(871)

 

Add income reallocated to nonvested awards1

 

 

62

 

 

231

 

 

299

 

 

871

 

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

 

$

155,960

 

 

123,095

 

 

440,236

 

 

343,977

 

Average common shares outstanding

 

 

182,355

 

 

183,917

 

 

182,016

 

 

183,633

 

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

 

 

919

 

 

1,192

 

 

1,014

 

 

1,123

 

Average nonvested awards1

 

 

572

 

 

699

 

 

571

 

 

717

 

Average common and common equivalent shares outstanding (d)

 

 

183,846

 

 

185,808

 

 

183,601

 

 

185,473

 

Diluted EPS (c)/(d)

 

$

0.85

 

 

0.66

 

 

2.40

 

 

1.85

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

Nine months ended

 

 

September 30, 

 

September 30, 

 

 

2018

 

2017

 

2018

 

2017

 

(in thousands, except per share data)

    

Participating Securities

    

Participating Securities

    

Participating Securities

    

Participating Securities

    

Basic EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income allocated to nonvested awards (a)

 

$

62

 

 

231

 

 

299

 

 

871

 

Nonvested awards (b)

 

 

73

 

 

354

 

 

124

 

 

475

 

Basic EPS (a)/(b)

 

$

0.85

 

 

0.65

 

 

2.41

 

 

1.83

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income allocated to nonvested awards (c)

 

$

62

 

 

229

 

 

298

 

 

867

 

Average common and common equivalent shares outstanding (d)

 

 

73

 

 

354

 

 

124

 

 

475

 

Diluted EPS (c)/(d)

 

$

0.85

 

 

0.65

 

 

2.40

 

 

1.83

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

EPS Amounts may not total due to rounding.