Earnings Per Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Note 8 – Earnings Per Share

The following tables provide a reconciliation of the numerators used in calculating earnings/(loss) per share attributable to common shareholders:
	Three Months Ended
	March 31
(Dollars in thousands)	2013		2012
Income/(loss) from continuing operations	$	44,539	$	33,806
Income/(loss) from discontinued operations, net of tax		430		(435)
Net income/(loss)		44,969		33,371
Net income attributable to noncontrolling interest		2,813		2,844
Net income/(loss) attributable to controlling interest	$	42,156	$	30,527
Preferred stock dividends		1,188		-
Net income/(loss) available to common shareholders	$	40,968	$	30,527
Income/(loss) from continuing operations	$	44,539	$	33,806
Net income attributable to noncontrolling interest		2,813		2,844
Preferred stock dividends		1,188		-
Net income/(loss) from continuing operations available to common shareholders	$	40,538	$	30,962

The component of Income/(loss) from continuing operations attributable to FHN as the controlling interest holder was $41.7million and $31.0 million during the three months ended March 31, 2013 and 2012,respectively.

The following table provides a reconciliation of weighted average common shares to diluted average common shares:
	Three Months Ended
	March 31
(Shares in thousands)		2013	2012
Weighted average common shares outstanding - basic	240,870		253,527
Effect of dilutive securities	1,929		1,842
Weighted average common shares outstanding - diluted	242,799		255,369

The following tables provide a reconciliation of earnings/(loss) per common and diluted share:
	Three Months Ended
	March 31
Earnings/(loss) per common share:	2013		2012
Income/(loss) per share from continuing operations available to common shareholders	$	0.17	$	0.12
Income/(loss) per share from discontinued operations, net of tax		-		-
Net income/(loss) per share available to common shareholders	$	0.17	$	0.12
Diluted earnings/(loss) per common share:
Diluted income/(loss) per share from continuing operations available to common shareholders	$	0.17	$	0.12
Diluted income/(loss) per share from discontinued operations, net of tax		-		-
Diluted income/(loss) per share available to common shareholders	$	0.17	$	0.12

For the three months ended March 31, 2013, the dilutive effect for all potential common shares, which relates entirely to equity compensation, was 1.9 million compared to 1.8 million in 2012.Stock options of8.8million and 9.9 million with weighted average exercise prices of $22.41and $23.96 per share for the three months ended March 31, 2013 and 2012, respectively, were excluded from diluted shares because including such shares would be antidilutive.