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Earnings Per Share
 3 Months Ended
Mar. 31, 2017
Earnings Per Share  
Earnings Per Share

 

Note 10 – Earnings Per Share

 

The following tables illustrate basic and diluted EPS for the three months ended March 31, 2017 and 2016:

 

 

 

 

 

 

 

 

 

 

 

Three months ended March 31,

 

 

2017

 

2016

 

(in thousands, except per share data)

    

Common
Stock

    

Common
Stock

    

Basic EPS:

 

 

 

 

 

 

 

Net income attributable to TSYS common shareholders

 

$

105,868

 

 

90,628

 

Less income allocated to nonvested awards

 

 

(373)

 

 

(526)

 

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

 

$

105,495

 

 

90,102

 

Average common shares outstanding (b)

 

 

183,220

 

 

182,177

 

Basic EPS (a)/(b)

 

$

0.58

 

 

0.49

 

 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

 

Net income attributable to TSYS common shareholders

 

$

105,868

 

 

90,628

 

Less income allocated to nonvested awards

 

 

(373)

 

 

(525)

 

Add income allocated to nonvested awards1

 

 

373

 

 

 -

 

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

 

$

105,868

 

 

90,103

 

Average common shares outstanding

 

 

183,220

 

 

182,177

 

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

 

 

1,067

 

 

630

 

Average nonvested awards1

 

 

651

 

 

 -

 

Average common and common equivalent shares outstanding (d)

 

 

184,938

 

 

182,807

 

Diluted EPS (c)/(d)

 

$

0.57

 

 

0.49

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended March 31,

 

 

2017

 

2016

 

(in thousands, except per share data)

    

Participating Securities

    

Participating Securities

    

Basic EPS:

 

 

 

 

 

 

 

Net income allocated to nonvested awards (a)

 

$

373

 

 

526

 

Nonvested awards (b)

 

 

660

 

 

1,079

 

Basic EPS (a)/(b)

 

$

0.57

 

 

0.49

 

 

 

 

 

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

 

Net income allocated to nonvested awards (c)

 

$

371

 

 

525

 

Average common and common equivalent shares outstanding (d)

 

 

660

 

 

1,079

 

Diluted EPS (c)/(d)

 

$

0.56

 

 

0.49

 

 

 

 

 

 

 

 

 

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

 

The diluted EPS calculation excludes stock options and nonvested awards that are exercisable into 0.6 million  common shares for the three months ended March 31, 2017, and excludes 0.8 million common shares for the three months ended March 31, 2016, because their inclusion would have been anti-dilutive.