Earnings Per Share

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share

Note 16 – Earnings Per Share

The following table provides reconciliations of net income to net income available to common shareholders and to net income from continuing operations available to common shareholders:
(Dollars in thousands)	2015		2014		2013
Income/(loss) from continuing operations	$	97,313	$	234,046	$	37,821
Income/(loss) from discontinuing operations, net of tax		-		-		548
Net income/(loss)		97,313		234,046		38,369
Net income attributable to noncontrolling interest		11,434		11,527		11,465
Net income/(loss) attributable to controlling interest		85,879		222,519		26,904
Preferred stock dividends		6,200		6,200		5,838
Net income/(loss) available to common shareholders	$	79,679	$	216,319	$	21,066
Income/(loss) from continuing operations	$	97,313	$	234,046	$	37,821
Net income attributable to noncontrolling interest		11,434		11,527		11,465
Preferred stock dividends		6,200		6,200		5,838
Net income/(loss) from continuing operations available to common shareholders	$	79,679	$	216,319	$	20,518
The components of Income/(loss) from continuing operations attributable to FHN as the controlling interest holder was $85.9 million, $222.5 million, and $26.4 million during the years ended December 31, 2015, 2014, and 2013, respectively.

The following table provides a reconciliation of average basic common shares to average diluted common shares:
(Shares in thousands)	2015	2014	2013
Weighted average common shares outstanding - basic	234,189	234,997	237,972
Effect of dilutive securities	2,077	1,738	1,822
Weighted average common shares outstanding - diluted	236,266	236,735	239,794

The following tables show earnings/(loss) per common and diluted share:
	2015		2014		2013
Income/(loss) per share from continuing operations available to common shareholders	$	0.34	$	0.92	$	0.09
Income/(loss) per share available to common shareholders		0.34		0.92		0.09
Diluted income/(loss) per share from continuing operations available to common shareholders	$	0.34	$	0.91	$	0.09
Diluted income/(loss) per share available to common shareholders		0.34		0.91		0.09

The following table presents outstanding options and other equity awards that were anti-dilutive (the exercise price was higher than the weighted-average market price for the year and/or performance measures have not been met) and excluded from the calculation of diluted earnings per share:
(Shares in thousands)	2015		2014			2013
Anti-dilutive stock options		3,559		4,570		7,879
Weighted average exercise price of anti-dilutive stock options	$	24.40	$	23.46	$	21.95
Anti-dilutive other equity awards		98		-		15